How the west can stop the global south being strangled by debt | Heather Stewart

Betfred has announced that it will close all 1,287 of its UK betting shops if the government raises taxes on the gambling industry in the upcoming budget. This move highlights the significant impact that potential tax increases could have on the profitability of gambling firms, prompting them to ramp up lobbying efforts. The situation is critical as it not only affects Betfred's operations but also raises concerns about the future of the gambling sector in the UK, which could face severe challenges if taxes rise significantly.

The UK government, led by Ed Miliband, has pledged to create 400,000 jobs in the clean energy sector, emphasizing the need for development to reduce energy bills sustainably. This initiative not only aims to boost employment but also addresses the pressing issue of rising energy costs, making it a significant step towards a greener economy and financial relief for households.

Morgan Stanley has expressed optimism about UK stocks, highlighting them as the 'best houses in a tough neighbourhood.' This positive outlook is significant as it suggests potential growth and resilience in the UK market, which could attract investors looking for opportunities amidst global uncertainties.

Tesco, the UK's largest supermarket chain, is making a strong comeback this year, capturing more of shoppers' spending. With its presence felt in everyday life through Clubcards and numerous stores, Tesco's influence is undeniable. CEO Ken Murphy is leading the charge, showcasing the company's resilience and adaptability in a competitive market. This matters because it highlights how a major retailer can shape consumer habits and the economy, especially during challenging times.

The UK government is launching an ambitious national green energy plan aimed at creating 400,000 jobs over the next five years. This initiative, announced by Energy Secretary Ed Miliband, focuses on training individuals for roles in high-demand sectors like plumbing, welding, and electrical work, particularly targeting those transitioning from fossil fuel jobs and school leavers. This plan not only addresses the urgent need for skilled workers in the green industry but also promotes trade union recognition, making it a significant step towards a sustainable future.

The Labour government has announced a significant initiative aimed at supporting oil and gas workers as their industry faces decline. This plan focuses on training and recruiting these workers for the rapidly growing clean energy sector, which is expected to expand significantly over the next five years. This transition is crucial not only for the workers affected but also for the broader goal of sustainable energy development, highlighting the government's commitment to a greener future.

Ed Miliband is facing criticism as the UK manufacturing sector struggles under soaring energy costs, raising concerns about the impact on the country's transition to net zero. With calls for tighter regulation on gas prices or even government ownership of energy supply, the urgency for a solid plan is clear. This situation matters because if not addressed, it could jeopardize both the manufacturing industry and the broader goals of sustainability in the UK.

The recent announcement that five MTV channels will shut down in the UK by the end of the year raises concerns about the future of music videos. With only one channel remaining, which primarily airs reality TV, the landscape for music promotion is changing drastically. This shift not only affects artists and their visibility but also highlights the financial struggles faced by directors and the music industry as a whole. The closure of these channels marks a significant moment in music history, as MTV was pivotal in launching the careers of iconic artists like Michael Jackson and Madonna.

The ongoing conflict between Israel and Hamas has escalated, with Hamas reporting that at least 27 Palestinians have been killed by Israeli forces in the past week. Israeli officials counter that their troops acted to prevent incursions across the yellow line. This situation is critical as it not only highlights the deepening violence but also complicates efforts for peace in Gaza, raising concerns about the humanitarian impact on civilians.

In a tense meeting at the White House, President Trump reportedly urged Ukrainian President Zelenskyy to accept terms proposed by Russian President Putin, warning that failure to do so could lead to Ukraine's destruction by Russia. This alarming directive raises significant concerns about U.S. foreign policy and its implications for Ukraine's sovereignty, highlighting the precarious situation in Eastern Europe and the ongoing conflict with Russia.

Ed Miliband, the energy secretary, has suggested that the government should consider cutting VAT on energy bills to help alleviate the ongoing cost-of-living crisis. This proposal is significant as it aims to provide financial relief to households struggling with rising energy costs, highlighting the government's commitment to addressing economic challenges faced by citizens.

A reporter from the Epoch Times has resigned following the publication of new Pentagon rules that have raised concerns about press freedom. This resignation highlights ongoing tensions between media organizations and government regulations, emphasizing the challenges journalists face in maintaining independence while adhering to official guidelines. It matters because it reflects broader issues of transparency and accountability in government, which are crucial for a healthy democracy.

As the 2025-2026 NBA season approaches, excitement builds around potential award winners and dark horses. This article highlights predictions for the major regular-season awards, showcasing players like SGA and Wemby who are expected to shine. Understanding these predictions is crucial for fans and analysts alike, as they set the stage for the upcoming season and spark discussions about player performances.

In a heated exchange, former President Trump labeled Colombia's President Gustavo Petro a 'drug leader,' escalating tensions between the two leaders. This accusation follows Petro's earlier claims that the U.S. administration is responsible for murder due to its military actions in the Caribbean. This conflict is significant as it highlights the strained relations between the U.S. and Colombia, particularly regarding drug policy and military funding, which could impact future cooperation on security and anti-drug efforts.