It is not Keir Starmer’s resignation that is needed, but a shake-up of Whitehall and our constitution, writes Labour peer David Blunkett The enormous controversy about the vetting process leading up to, and following, the appointment of Peter Mandelson as UK ambassador in Washington reveals a labyrinth within Whitehall and our constitution – which is a revelation even to those of us who have been ...
It is not Keir Starmer’s resignation that is needed, but a shake-up of Whitehall and our constitution, writes Labour peer David Blunkett The enormous controversy about the vetting process leading up to, and following, the appointment of Peter Mandelson as UK ambassador in Washington reveals a labyrinth within Whitehall and our constitution – which is a revelation even to those of us who have been in public life for over half a century ( Revealed: Mandelson failed vetting but Foreign Office overruled decision, 16 April ). Three quite separate elements can appear contradictory, but can all be true at the same time. So, Keir Starmer could have been entirely telling the truth at the dispatch box last September when he said that all processes had been followed. Continue reading...
Angel Delgado/Getty Images Entertainment Amazon MGM’s ( AMZN ) blockbuster hit about a science-teacher-turned-astronaut will be extending its run in movie theaters to give moviegoers an opportunity to enjoy “a movie that needs to be seen on a big screen.” “We announced yesterday that MGM is extending the exclusive theatrical window for ‘ Project Hail Mary ,’ so it won’t be on streaming anytime soo...
Angel Delgado/Getty Images Entertainment Amazon MGM’s ( AMZN ) blockbuster hit about a science-teacher-turned-astronaut will be extending its run in movie theaters to give moviegoers an opportunity to enjoy “a movie that needs to be seen on a big screen.” “We announced yesterday that MGM is extending the exclusive theatrical window for ‘ Project Hail Mary ,’ so it won’t be on streaming anytime soon,” said the movie’s co-director Christopher Miller at Las Vegas CinemaCon. Project Hail Mary, which has already made over half a billion dollars during its one-month run—overtaking former box-office champs Gravity ($364M), The Martian ($374M), and Interstellar ($450M)—is the top-grossing film of 2026. The movie will run at IMAX ( IMAX ) theaters for a limited run. While the trend has typically been to release movies to streaming after a short run at the theaters—sometimes as short as 30 days—the decision to hold Project Hail Mary longer, along with recent comments from Paramount Skydance ( PSKY ) CEO David Ellison for a 45-day run, suggests streaming channels may have to wait before taking advantage of a film’s popularity. Streaming channels count on movie releases for new subscribers and to reduce churn, sometimes for as long as four months. But some—like Amazon Prime, YouTube, and AppleTV—can also earn direct revenue from movie releases through rental and purchase fees. These fees can run as much as $20 per film per subscriber and can generate a meaningful source of revenue for the streaming service. More on Amazon Amazon Could Re-Rate After Earnings Again (Preview) Amazon: The Anthropic Trade You're Not Making Amazon: My Top 8 Reasons To Buy Baseball streaming rights see federal antitrust scrutiny - report White House looks to give agencies access to Anthropic's Mythos model: report
Noah Sibanda died after he was physically restrained while being put to sleep at Fairytales Day Nursery in Dudley A nursery worker has been sentenced to more than three years in prison and the nursery fined £240,000 after a 14-month-old boy was restrained and died in their care. Noah Sibanda died after he was physically restrained face-down with a blanket over his head while being put to sleep at ...
Noah Sibanda died after he was physically restrained while being put to sleep at Fairytales Day Nursery in Dudley A nursery worker has been sentenced to more than three years in prison and the nursery fined £240,000 after a 14-month-old boy was restrained and died in their care. Noah Sibanda died after he was physically restrained face-down with a blanket over his head while being put to sleep at the Fairytales Day Nursery in Dudley in December 2022. He was left unchecked for two hours before he was found unresponsive. He was pronounced dead an hour later in hospital. Continue reading...
President Donald Trump says Iran is removing sea mines from the Strait of Hormuz. He also says NATO is now offering to help secure the waterway. Bloomberg's Alaric Nightingale reports. (Source: Bloomberg)
President Donald Trump says Iran is removing sea mines from the Strait of Hormuz. He also says NATO is now offering to help secure the waterway. Bloomberg's Alaric Nightingale reports. (Source: Bloomberg)
Federal Reserve Bank of San Francisco President Mary Daly says leaving rates unchanged would still restrain inflation and both long- and medium-term inflation expectations are well-anchored during remarks at UC Berkeley. (Source: Bloomberg)
Federal Reserve Bank of San Francisco President Mary Daly says leaving rates unchanged would still restrain inflation and both long- and medium-term inflation expectations are well-anchored during remarks at UC Berkeley. (Source: Bloomberg)
welcomia/iStock via Getty Images Markets are pricing in higher odds that the war with Iran has ended, but even if that proves true, the economic effects of the conflict will linger for months, if not years. Most of the world’s attention is focused on the immediate drama of conflict—military attacks, closures, and sanctions. But the most destabilizing effects of war in the Persian Gulf don’t unfold...
welcomia/iStock via Getty Images Markets are pricing in higher odds that the war with Iran has ended, but even if that proves true, the economic effects of the conflict will linger for months, if not years. Most of the world’s attention is focused on the immediate drama of conflict—military attacks, closures, and sanctions. But the most destabilizing effects of war in the Persian Gulf don’t unfold in real time. They arrive with a delay, reverberating slowly across oceans in the hulls of tankers and reflected in reduced exports of natural gas and crucial agricultural feedstocks. That lag in transit time suggests the global economy has only begun to feel the consequences of reduced exports from the region. “Wars have a way of revealing the world’s hidden architecture,” writes Comfort Ero, president and CEO of the International Crisis Group. “We notice the narrow straits, the fragile chokepoints, the invisible bargains that keep daily life intact only when they begin to fail. Today, the Strait of Hormuz is one such place.” Oil exported from the Persian Gulf typically takes 30–45 days to reach major markets in Europe, Asia, and the Americas. When conflict disrupts production or shipping lanes, the impact isn’t instantaneous. Instead, the world consumes existing inventories while the flow of new supply slowly declines. By the time the shortage becomes visible in destination markets, the underlying problem has already been compounding for weeks. The sharp reduction in oil production and exports last month is the first sign that the disruption in global supply is beginning to reverberate. OPEC’s production fell by 27% in March — a record drop — and prospects for a quick rebound look dim, even if the current ceasefire holds. In the best-case scenario, it will take months for Gulf states to restore production to normal levels, predicts Sheikh Nawaf al-Sabah, CEO of Kuwait Petroleum Corp. Meanwhile, the lag in energy exports fosters a misleading illusion of stability as atten...
Sunit Bagree calls for a collective effort to eliminate the scourge of illicit finance, while Dr Pat Ryan says those who benefited directly from the proceeds of slavery should pay Kojo Karam’s trenchant analysis ( Reform’s petulance over slavery reparations shows it just doesn’t grasp Britain’s place in the modern world, 10 April ) offers a hopeful vision for global development. Alongside its cont...
Sunit Bagree calls for a collective effort to eliminate the scourge of illicit finance, while Dr Pat Ryan says those who benefited directly from the proceeds of slavery should pay Kojo Karam’s trenchant analysis ( Reform’s petulance over slavery reparations shows it just doesn’t grasp Britain’s place in the modern world, 10 April ) offers a hopeful vision for global development. Alongside its contribution to addressing historical injustices, the mission of “redesigning a world that is fair for all” can empower human beings globally now and in the future. Research by Results UK shows that the countries worst affected by child undernutrition lose tens of billions of pounds in tax revenues each year through illicit financial flows. Meanwhile richer countries lose far more than even these eye-watering sums. All countries should work together, primarily through the UN, to eliminate the scourge of illicit finance. This requires building capacity and coordination worldwide to prevent wrongdoing, prosecute offenders, recover stolen assets and close tax havens. Continue reading...
Alcoa Corp. is in advanced talks to sell a former smelter site in upstate New York to Bitcoin mining firm NYDIG as part of its plans to dispose of its dormant assets. The top US aluminum producer is “close to a deal with NYDIG” for its Massena East site along the St. Lawrence River and that “it should be done in the middle part of this year,” Chief Executive Officer Bill Oplinger said in a Friday ...
Alcoa Corp. is in advanced talks to sell a former smelter site in upstate New York to Bitcoin mining firm NYDIG as part of its plans to dispose of its dormant assets. The top US aluminum producer is “close to a deal with NYDIG” for its Massena East site along the St. Lawrence River and that “it should be done in the middle part of this year,” Chief Executive Officer Bill Oplinger said in a Friday interview. Alcoa has been trying to sell 10 former smelter sites in the US, capitalizing on increasing appetite for energy infrastructure from data center developers. Demand for such legacy industrial sites has surged alongside growth in artificial intelligence and cloud computing services, which require significant amounts of electricity. Read More: Data Centers Nab Grid Access at Defunct Aluminum Smelters: BNEF In February, Alcoa’s competitor Century Aluminum Co. sold its Hawesville smelter in Kentucky to TeraWulf Inc. , a digital asset firm that’s planning to build a “digital infrastructure campus” on the site . Alcoa’s Massena East has access to hydropower from the New York Power Authority . The company closed the site in 2014 because the business was no longer competitive. The US aluminum industry has declined sharply since the early 2000s, with high energy costs and competition from lower-cost producers overseas forcing smelter closures. NYDIG didn’t respond to requests for comment.