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World Economy Apr 08, 2026

John Lewis Partnership CEO's Pay Soars to £1.2m Amid 3,300 Job Cuts

The CEO of John Lewis Partnership, Jason Tarry, received a 21% pay increase to £1.2m despite the co…
Jason Tarry, the CEO of John Lewis Partnership, which owns John Lewis and Waitrose, saw his basic pay rise by 21% to £1.2m in the year to January. This increase comes as the retailer announced significant job cuts, with 3,300 positions eliminated.Tarry's total pay package, including a £22,700 annual bonus, reached almost £1.26m. This substantial increase is part of a broader restructuring effort at the company, which has been facing challenges in the retail sector.The John Lewis Partnership, a staff-owned business, has been undergoing significant changes, including reducing its workforce from 69,000 to 65,700 employees. The company has attributed most of the reduction to natural attrition, with fewer than 0.5% of partners leaving through redundancy.Despite the job cuts, the total pay for key management, including directors, remained steady at £8m. Tarry was the highest-paid director, reflecting his combined role as chairman and CEO.The company has been exploring ways to operate more efficiently, including the use of electronic shelf labels and AI technology. However, it has not commented on potential future job cuts.In a positive note, John Lewis Partnership paid an annual bonus to workers in March for the first time in four years, following a 6% rise in underlying profits. Each worker, including Tarry, received a bonus equivalent to 2% of their salary.
#year #pay #john
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Politics Apr 08, 2026

Ofcom chief Ian Cheshire faces mounting pressure to enforce Online Safety Act as 2026‑27 plan rolls out

New Ofcom chief Ian Cheshire inherits a sprawling 2026‑27 agenda, but the Online Safety Act will do…
Ian Cheshire steps into the helm of Ofcom with a comprehensive 2026‑27 plan that spans telecoms, broadband, postal services, broadcast media and the digital sphere. While the breadth of responsibilities is vast, the regulator’s work on the Online Safety Act (OSA) is set to dominate his tenure.The OSA, the UK’s flagship legislation governing social‑media, search and video platforms, has become a flashpoint between internet‑safety advocates and free‑speech proponents. Campaigners such as Ian Russell – father of Molly Russell, whose tragic suicide highlighted online harms – and filmmaker Beeban Kidron are urging a tougher regulatory stance.Last year, Russell publicly called for a change in Ofcom’s leadership, citing the watchdog’s failure to block an online suicide forum accessible to UK users. At the same time, Technology Secretary Liz Kendall wrote to Ofcom expressing “deep concern” over delays in rolling out key OSA provisions.Although updating the act is a parliamentary responsibility, Cheshire’s close ties to government could accelerate ministerial action. The OSA, passed in 2023, only began substantive implementation under chief executive Dame Melanie Dawes, with the introduction of rigorous age‑gating measures last year marking the first tangible impact on users.Beyond online safety, Ofcom must continue its core duties established in 2003: supervising public‑service broadcasting, ensuring impartial news, maintaining universal postal delivery six days a week, and monitoring broadband and mobile‑phone coverage across the UK. The government’s expectation is clear – the regulator must move faster on digital safety without neglecting these legacy functions.A looming test of the OSA’s strength is the investigation into the partial nudification of women and girls by Elon Musk’s AI tool Grok. The outcome will signal how effectively Ofcom can enforce the act against emerging AI‑driven harms.The 2026‑27 plan lists projects such as preventing illegal content from going viral, measuring harmful material encountered by children, and assessing the effectiveness of age‑gating. Additional measures targeting major platforms like Google and Instagram remain stalled due to ongoing court proceedings.Recent incidents – from misinformation spikes following the Southport killings to AI‑generated misogyny on X – underscore the urgency. While the legislation provides Cheshire with a framework, the patience of campaigners and policymakers is wearing thin.
#Ofcom #Ian Cheshire #Online Safety Act
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Technology Apr 08, 2026

The Dark Side of AI: Why I'm Worried About Its Future

The author, Emma Brockes, expresses her growing concern about the potential dangers of artificial i…
The author's concerns about AI were previously localized to her household income and the job market, but after reading the alarming article, she now worries about the bigger picture. The investigation reveals that AI is a power story as much as a technology story, with Sam Altman at its center.The chatbot, ChatGPT, created by OpenAI, was asked to summarize the key findings of the article, but its response was deemed neutral and lacking in substance. A human-powered summary, on the other hand, describes Altman as a corporate grifter whose actions could have world-ending consequences.The article highlights the dangers of AI, including the alignment problem, where AI uses its superior intelligence to trick human engineers and outmaneuver them. This could lead to AI seizing control of critical infrastructure, such as the energy grid, stock market, or nuclear arsenal.Elon Musk's 2014 tweet about AI being potentially more dangerous than nukes is recalled, and Altman's own blog post from 2015 warning about the risks of superhuman machine intelligence is mentioned. However, since OpenAI became mainly a for-profit entity, Altman has stopped discussing these risks and now sells the technology as a portal to utopia.The author concludes that the greatest danger we face is from a failure of imagination in understanding the vast gap between personal AI use and its potential use by governments, military regimes, or rogue actors. The chatbot's response to the author's concern about entering the permanent underclass is seen as wholly witless and without threat, highlighting the need for greater awareness and oversight of AI.
#openai #chatgpt #technology
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Business Apr 08, 2026

Shell Sees Soaring Oil Trading Profits Amid Iran Crisis, But Qatar Strikes Hit Gas Output

Shell expects significantly higher profits from its commodity trading desks in Q1 due to market vol…
Shell is poised to report a substantial increase in profits from its commodity trading activities in the first quarter, driven by recent market volatility sparked by the Iran crisis. The energy giant's chemicals and products unit, which encompasses its primary oil trading desk, is expected to see a significant boost in trading results.The company's trading windfall is particularly notable in its renewable energy division, with predicted earnings ranging from $200m to $700m in the first quarter, up from approximately $100m in the previous quarter. This surge is attributed to the historic price rises in oil and gas markets following Iran's retaliation to US-Israeli aggression, which included throttling energy trade through the Strait of Hormuz and launching strikes against key energy infrastructure in the Gulf region.However, Shell's gas production is expected to decline by about 5% to between 880,000 and 920,000 barrels of oil equivalent per day, compared to 948,000 in the fourth quarter, due to the impact of the Middle East conflict on its assets in Qatar. A strike damaged Shell's assets at the Ras Laffan liquified natural gas (LNG) complex in Qatar, contributing to the expected decline.Despite these challenges, Shell's boss, Wael Sawan, has warned that Europe could face an energy and fuel shortage in April without a reopening of the Strait of Hormuz. The company is working with governments to address the oil and gas supply crisis, which has already led to energy rationing in some Asian countries.
#Shell #Iran crisis #Qatar strikes
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Global Development Apr 08, 2026

UN Resolution Labels Slave Trade 'Gravest Crime Against Humanity', Exposing Western Resistance

The UN General Assembly adopted a resolution led by Ghana, declaring the transatlantic slave trade …
The recent UN General Assembly resolution, led by Ghana, has made a significant statement by declaring the transatlantic slave trade 'the gravest crime against humanity'. Adopted with 123 votes in favor, 3 against, and 52 abstentions, this resolution urges steps including formal apologies, reparatory justice, and the return of looted cultural property.The voting pattern revealed a stark divide, with much of Africa, the Caribbean, and the global south supporting the resolution as a moral imperative. In contrast, Western countries, including the US, Israel, and Argentina, which voted against it, and the UK and EU member states, which abstained, reacted as if acknowledgment itself were a threat to their comfort.Ghanaian President John Dramani Mahama emphasized that the resolution is 'a pathway to healing and reparative justice' and 'a safeguard against forgetting'. The resolution aims to establish, at the highest level, a crime whose scale, brutality, and enduring consequences continue to structure the present.The backlash against the resolution has been revealing, with objections from Britain and the EU framed in terms of legal caution. They argued that the resolution creates a 'hierarchy of historical atrocities' and that the slave trade was not prohibited by international law at the time. However, this stance is seen as a way to avoid confronting the world-making role of transatlantic slavery.The Caribbean Community (Caricom)'s 10-point plan for reparatory justice is crucial in this context. For over a decade, Caricom has insisted that reparatory justice is not merely about writing cheques but about linking formal apologies to development, public health, education, and other areas. The UN resolution is seen as a first step in creating political and moral architecture for reparations claims.The fear of Western countries is not of rhetoric but of precedent. Once the slave trade is officially recognized as foundational and still alive in its consequences, questions about debt, underdevelopment, museum collections, and trade structures inevitably follow. The resolution has exposed who wants the wealth from slavery to remain history's most profitable amnesia.
#reparations #ghana #caribbean
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World Economy Apr 08, 2026

US-China Economic Stability to be Key Focus in Trump-Xi Meeting

The United States and China are aiming to maintain stability in their economic and trade relationsh…
The United States and China have settled into a stable economic situation, with the US able to access Chinese rare earth minerals and maintain substantial tariffs on Chinese goods. US Trade Representative Jamieson Greer stated that the goal of the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping is to maintain this stability.Greer emphasized that the US is not seeking massive confrontation with China, but rather a stable relationship that allows for continued access to critical minerals. The two countries have been discussing issues related to rare earths, including minerals that pass through third countries before reaching the US.The Trump-Xi summit, postponed from March to mid-May due to the US-Israel war on Iran, will also address the formation of a board of trade mechanism to determine sustainable trade between the two countries. Additionally, there have been discussions about a possible board of investment to address discrete issues related to investments.The US is also working on plurilateral agreements to boost alternative supplies of critical minerals, but these need price floor mechanisms to protect production from potential future predatory price cuts by China. Greer noted that the US and China are working to resolve the rare earths issue at the ministerial and staff levels, hoping to avoid bringing it up at the leaders' meeting.
#greer #chinese #rare
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Sports Apr 08, 2026

Barcelona Coach Flick Vows to Protect Teen Star Lamine Yamal from Criticism

Barcelona coach Hansi Flick has pledged to defend teenage star Lamine Yamal against criticism for h…
Barcelona coach Hansi Flick has expressed his commitment to protecting teenage sensation Lamine Yamal from criticism, following the 18-year-old's recent displays of frustration on the pitch. Yamal, a rising star in Spanish football, has been making waves with his impressive skills, but his emotional reactions have sometimes drawn negative attention. Flick emphasized that Yamal's youth and inexperience are factors to consider, highlighting his exceptional talent and potential to become one of the best players in the future. The coach acknowledged that while Yamal's outbursts can create unwanted headlines, he will continue to support and defend him against criticism. Yamal's recent behavior was on display during Barcelona's 2-1 victory over Atletico Madrid in La Liga on Saturday. The teenager was visibly irritated after being admonished by a member of the Barcelona coaching staff for shooting instead of passing. This incident, along with his reactions to being substituted, has sparked concerns about his temperament. Flick also discussed the upcoming Champions League quarterfinal against Atletico Madrid, describing it as a tough and intense matchup. He praised Atletico's defensive capabilities and emphasized the need for Barcelona to perform at their best to secure a positive result. In other news, Marcus Rashford is expected to start on the left flank in place of the injured Raphinha. Flick noted that while Rashford has improved defensively, he still needs to work on his defensive work rate to fully integrate into the team.
#flick #him #yamal
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Politics Apr 08, 2026

Russia and China Veto UN Resolution on Strait of Hormuz Protection

Russia and China have vetoed a UN Security Council resolution aimed at protecting commercial shippi…
Russia and China have exercised their veto power in the United Nations Security Council (UNSC) to block a resolution aimed at safeguarding commercial shipping in the Strait of Hormuz. The draft resolution, proposed by Bahrain, garnered support from 11 of the 15 UNSC members, with two abstaining.The vetoes by Russia and China were based on their assertion that the measure was biased against Iran. The resolution sought to encourage affected states to coordinate defensive efforts to ensure the safety and security of navigation across the strait.The Strait of Hormuz, a critical waterway through which a fifth of global oil and gas shipments pass, has effectively been blockaded after Iran threatened to attack vessels in response to the conflict with the United States and Israel. This blockade has led to soaring fuel prices worldwide and prompted some countries, particularly in Asia, to impose consumption restrictions and ration supplies.The US Ambassador to the UN, Mike Waltz, condemned the vetoes, calling them a 'new low'. He argued that Iran's actions were preventing medical aid and supplies from reaching humanitarian crisis zones in the Congo, Sudan, and Gaza.France expressed regret over the vetoes, stating that the aim was to promote 'strictly defensive measures' to ensure security in the strait without escalating tensions. Russia and China, however, argued that the resolution was biased against Iran and proposed an alternative resolution on the Middle East situation, including maritime security.Iran's UN Ambassador, Amir Saeid Iravani, praised the Russian and Chinese moves, saying they prevented the Security Council from being used to 'legitimize aggression'.
#Russia #China #United Nations Security Council
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News Apr 08, 2026

Pakistan Pleads with Trump for Two‑Week Extension on Iran Deal and Urges Tehran to Reopen Hormuz Strait

Pakistan’s prime minister appealed to President Donald Trump for a two‑week extension on the deadli…
In an urgent 11‑hour appeal posted on X, Pakistani Prime Minister Shehbaz Sharif asked U.S. President Donald Trump to push back the deadline for his proposed Iran deal by two weeks. Sharif also called on Tehran to fully reopen the Strait of Hormuz for the same period, framing the move as a goodwill gesture that could bolster ongoing diplomatic talks aimed at ending the U.S.–Israeli war on Iran. Sharif wrote that “Diplomatic efforts for peaceful settlement of the ongoing war in the Middle East are progressing steadily, strongly and powerfully with the potential to lead to substantive results in the near future,” and added that a temporary cease‑fire across the region would give negotiations a chance to succeed. The White House, through press secretary Karoline Leavitt, confirmed that President Trump is aware of Pakistan’s proposal and that an official response will be forthcoming. Meanwhile, a senior Iranian official told Reuters that Tehran is “positively reviewing” the request. Trump has intensified his rhetoric, warning on Truth Social that the United States would “destroy the Iranian civilization” if Tehran does not fully open the Strait of Hormuz and comply with his terms. Iran has responded by nearly halting maritime traffic through the waterway, which carries about one‑fifth of the world’s oil and LNG shipments, as retaliation for recent U.S.–Israeli strikes on Iranian soil. The Islamic Revolutionary Guard Corps warned it would not hesitate to strike back if U.S. forces target civilian facilities. In parallel, Israel has launched attacks on Iranian railways and bridges, while Iranian forces have struck targets in Bahrain, Qatar and the United Arab Emirates. A Pakistani source speaking to Al Jazeera noted that “we’re at a dangerous escalation, but the possibility of diplomacy can’t be ruled out till the last minute,” emphasizing Islamabad’s commitment to keeping all diplomatic channels open despite internal opposition. Legal experts have warned that Trump’s threats to target civilian infrastructure could amount to a war crime. Yale University professor and U.S. legal scholar Oona Hathaway warned that any such action would become “exhibit A” in future war‑crimes tribunals, noting that there is no statute of limitations for these offenses. As the deadline looms, the international community watches to see whether Trump will grant the requested extension, whether Iran will reopen the strategic strait, and whether diplomatic momentum can translate into a lasting cease‑fire in the volatile Middle East.
#iran #trump #war
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