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Gaming firm Inspired promotes Craig Wilson after CFO steps down
After CFO James Richardson steps down, Inspired promotes finance VP Craig Wilson to the role effective May 14, with a three‑month transition period.
Winvia Entertainment agrees Rev Comps acquisition to expand UK prize draw operations (WVIA)
Winvia Entertainment (LSE:WVIA) has entered into an agreement to acquire the trade, business and selected assets of Rev Comps, a family-operated UK digital prize draw platform. The acquisition will be financed entirely from the company’s existing cash resources.
Now What? With Carbon Pricing Eroded and Pipeline Politics Advancing, Here Are the Pathways for Climate Success
At the end of a whirlwind week of news on carbon pricing and electricity strategy, capping a madcap year of pretty much non-stop, dramatic change, the word across much of Canada’s climate and energy transition community is that climate policy in this country has been shredded. Eviscerated. Hit with a sledgehammer by policy rollbacks that have pushed the country’s 2050 net zero target “well out of reach”. That means it’s never been more important to look for the rays of hope and glimmers of possibility. To glimpse the seeds of the next set of strategies to get Canada’s climate pollution under control and the country into the accelerating global dash away from fossil fuels. And then, once we’ve spotted those possibilities, get on with the hard, day-to-day slog of trying to make them a reality. Nothing takes away from the frustration and the deep disappointment so many climate and energy hawks are expressing, the sense of betrayal by the author of Value(s) and the former UN special envoy for climate action and finance. But we knew two things as the week drew to a close. We’re looking at the world as it most definitely is. And we don’t get to give up finding the pathways to confront climate change and deliver faster, deeper carbon cuts that leave no one else behind. So really, the first question we all have to ask ourselves is: What’s next? Subscribe All the Oxygen in the Room The outpouring of anger and grief over the carbon pricing deal between Prime Minister Mark Carney and Alberta Premier Danielle Smith has been absolutely understandable. So much of the climate community poured years, more than a decade, into dragging the current federal pricing regime across the finish line, then defending it from a deluge of three-syllable rhymes after the Trudeau government proved utterly incapable of delivering its own message. The policy foisted on us by neo-classical economists took up all the oxygen in the room, burned through years of climate response time that we won’t get back, while cornering climate hawks into the position that the best response to the crisis of our lifetimes is a new tax…in an era of historic anti-tax sentiment. I mean, really—what could possibly have gone wrong? Against that history, let’s appreciate columnist Max Fawcett’s point that even a modest carbon pricing agreement with a government as off-the-wall libertarian/conspiracist as Danielle Smith’s—those adjectives are mine, not Max’s—is a win worth savouring (as long as Smith keeps her promises for a change). But part of living in the world as it is (no, I’m not letting that go) is to be clear-headed about what we can and can’t control. And one thing we get to decide, after seeing this week’s carbon price festivities take up all the oxygen yet again, is whether we want to keep letting that happen. Particularly when success down that road depends on a factor that no one with a climate agenda can control or influence—a provincial carbon pricing mechanism that has been manipulated and eroded beyond its lowest possible denominator. Thankfully, that’s not the way it has to go. Not when we have so many other powerful, practical tools at our disposal, including the ones still available to us through this abominable Memorandum of Understanding (MOU) between Canada and Alberta. Tools In Our Toolbox When I started roughing out this list, I didn’t expect it to grow to nearly a dozen bullet points. It’s probably still incomplete. Some of the greatest hits in today’s climate solutions toolbox include: • No Carbon Capture, No Pipeline: On Friday, Prime Minister Mark Carney explicitly stated that there’s been no change to the MOU provision that there will be no West Coast pipeline without an industry commitment to build its massive, $16.5-billion carbon capture and storage (CCUS) hub in Northern Alberta, and vice versa. The two megaprojects were joined at the hip when the MOU was signed Nov. 27, and the implementation agreement this week affirmed that they still are. A parade of independent analysts have spent years pointing to the economic and technical flaws in CCUS, while the industry kept postponing its investment decision until it could arm-twist the government for more “clarity” (by which it meant even more lavish taxpayer subsidies) on the project. Now the industry itself is running away from the CCUS hub and insisting the pipeline should proceed without it, but Carney doesn’t seem to be budging from a central tenet of the MOU to which Smith has signed on. • No Subsidies, No Investors: Climate analysts and advocates have quite rightly been hammering away at Carney and his team, insisting that any new capacity the industry wants to build must proceed without new subsidies. The government has responded with a growing collection of funding and financing mechanisms for the very wide menu of industrial development and nation-building projects they say they want to take on, and that menu always includes fossil fuel infrastructure. But it’s hard to see how even the combined fiscal clout of the federal and supportive provincial governments will deliver the financial backing private investors would need when the business case for new fossil fuel development is evaporating before their eyes. Particularly when… • No Market, No Demand, No Investors: As our friend Markham Hislop at Energi Media (our apparently sleepless friend, given the massive volume of great material he’s been churning out) points out this morning, the biggest vulnerability in any pipeline deal is the assumption that Asian buyers will want the oil or liquefied natural ga that our fossil industry is so keen to send them. Hislop writes in part: Ottawa and Alberta are effectively betting that countries like China and India will continue increasing oil imports for decades as their economies grow and energy consumption rises. That assumption underpins the entire economic rationale for expanding oil sands production and building billions of dollars in new export infrastructure. But Asian energy systems are changing rapidly… China, India, South Korea, and other major hydrocarbon importers are now investing hundreds of billions of dollars into electricity systems built around wind, solar, batteries, nuclear, hydro, and expanded transmission infrastructure. Domestic “energy sovereignty” is increasingly replacing the old energy-security model based on stable oil and gas imports. Those investments are expected to sharply slow oil demand growth and eventually reverse it, even as overall energy consumption continues rising. There are also refining constraints. Many Asian refineries and petrochemical complexes are already optimized to process discounted heavy crude from the Middle East and Latin America. That raises serious questions about how much additional Canadian bitumen Asian markets can absorb at profitable prices. Small wonder that there’s still no private sector investor for the project, despite Smith’s government desperately beating the bushes to put together a deal. For now, Alberta is acting as proponent and covering early start-up costs for a pitch to the federal Major Projects Office, which could actually turn into the next tough hurdle for Smith and her pipeline to jump. • Canada Day Looms: How ironic that Canada’s birthday this year could become a major chokepoint for the provincial premier who’s been working so diligently to tear the country apart! The July 1 target date for Alberta’s pipeline proposal is baked into the MOU, was reaffirmed by the implementation plan, but it hadn’t dawned on me that it cuts both ways. As one very smart colleague wrote in an email yesterday, “they’ve thrown the ball into Alberta’s court to get the project proposal on the table really quickly and to have to do a whole pile of work to put together a massive, complicated project that would typically take years to assemble, and they’ve given them weeks to do it.” That makes July 1 a looming deadline that Smith won’t be able to run away from politically, especially with the separatists in her party and her caucus breathing down her neck. (See previous ref to off-the-wall.) But if Alberta comes in with a sloppy, incomplete submission, even after Carney bent over backwards to simplify the application process and the rules that govern it, it may be harder for the province or the industry to blame Ottawa and insist on the faster process they claim their investors are demanding. (Oh, wait—which investors would those be??) • We’ll See You In Court (Then We’ll See You Again): If Carney did cave, that would be just one more reason for Indigenous and other affected communities to take the government and the process to court—Just as Alberta First Nations did, successfully, in response to Smith’s half-baked separation referendum. Veterans of the Harper era have been warning that a shoddy process around fossil fuel infrastructure or other major projects will be a recipe for the very delays that process seeks to avoid. And now more than ever, with renewable energy and energy storage eating fossil fuels’ lunch in import markets around the world, a delayed pipeline or LNG terminal may be as good as a cancelled one. • Charged Up, Ready to Go: With its goal of doubling Canada’s electricity supply to meet a doubling of demand by 2050, the national electricity strategy that Carney unveiled Thursday has a lot to like. With its explicit language about speeding the shift from fuels to more efficient and affordable electricity, global investment and deployment patterns that already favour that shift, an emerging bidirectional power grid, the role of front-line options like rooftop solar and heat pumps, the emergence of electric vehicles as behind-the-meter energy storage, and the domestic jobs and manufacturing to make it all happen, the document doubles down on the essential cornerstone of a faster shift off fossil fuels. The strategy envisions a more prominent role for gas and nuclear power. But some of those provisions were already in the Clean Electricity Regulations that climate hawks are now fighting so hard to defend, inserted as a compromise in a futile attempt to mollify the industry and its political representatives in Alberta and Saskatchewan. But once again, gas will be a tougher sell when it’s more expensive and now so much more unpredictable than the clean alternatives. The new nuclear technologies are still speculative and deeply vulnerable to cost overruns. Increasingly, utilities, developers, and investors know it. Carney declared Thursday that “it doesn’t do us good to be sitting in court all the time with provinces. It doesn’t do us good to be talking past each other. What does do us good is to come together with specific projects.” There are no guarantees, but so much of the language and narrative-building in the electricity strategy suggests the lion’s share of those projects will be renewable. • The Party Has Already Started: The electricity strategy only rarely digs down to specific projects, but provinces representing three-quarters of Canada’s population are already embracing a faster transition. Hydro-Québec is working on a 10-year, $185-billion renewable energy and grid buildout by 2035. Ontario recently brought 10 provinces and territories together in a National Energy Corridor Agreement to boost interprovincial and -territorial transmission infrastructure. And the MOU implementation agreement commits Alberta to facilitate investment in renewable energy projects, a big step back from its continuing, punitive restrictions on renewables development. The electricity strategy envisions much of the financing and infrastructure that will be needed to pull those advances together into an integrated whole. • Delivering on Affordability: The MOU implementation plan has little or nothing to say about affordability (are you surprised?), but the electricity strategy does, with a top-line pledge to reduce home energy costs for seven out of 10 Canadian households by 2050, a total saving of $15 billion across the board. It’s just a start, but it puts affordability on the government’s narrative map. If they’re serious and deliberate about patching together a least-cost energy strategy, it’ll have little if any room for oil, gas, or nuclear—not with powerful evidence, for example, that electricity prices are higher when those prices are set by gas. • Smith Proves that Canada Works: By signing a deal that makes it harder to claim the federal government is blocking a new pipeline, Smith has helped prove Carney’s constant anti-separatist refrain that “Canada works”—incurring the rage, no doubt, of her own political base. Canada also needs to work for anyone who depends on a clean environment, healthy and thriving ecosystems, and safe, stable climate. But with Smith and her separatist constituents setting up as a fifth column for annexation by Donald Trump’s United States, let’s set aside any notion that 51st state status for Canada is a recipe for anything other than climate disaster (and so much else). Resisting and withstanding Trump (just 170 more sleeps until mid-term elections, which is a damn sight better than the 730 we started with) doesn’t mean a free pass for a pipeline, but we can still appreciate it that keeping Canada whole and sovereign is still Carney’s Job One. • The Words Not Spoken: Apart from a commitment to export a million barrels of “low-emission” Alberta bitumen per day (memo to Smith and Carney: You realize that that’s less than the industry is already exporting??), the MOU implementation plan says nothing about the international trade and economic sovereignty deals that Carney has been travelling the world to negotiate. It didn’t have to. Carney doesn’t need permission from Danielle Smith, her American enablers, or her separatist allies to continue building the alliances that will ratchet down our economic dependency on our unstable, unreliable neighbour to the south. But every connection he builds with countries outside North America helps align our economy and our future with a faster shift off fossil fuels. Little if any of this was on our bingo cards a year or two ago. But it’s the pathway that has opened up to us. And if it gives Canada any climate or energy gains at all in an era still dominated by Trump and his increasingly ridiculous tariffs, his loutish trade negotiations and his continuing annexation threats, we have to take the wins. Not least because they’ll be the point of departure for what we can achieve in 2027, 2029, and beyond, as Trump’s grip and this era begin to loosen and then fade. What is Carney Doing? If this line of thought is right—and it’s a possibility, not a prediction—it means that Carney’s actions and decisions are largely about buying time. Time for Trump’s power to wane. Time for Alberta’s separatist/conspiracist virus to spread, mutate, die out, or at least die back, with help from a vaccine of federal steadiness and calm (appropriate enough, for a movement populated largely by vaccine deniers) that no conspiracy theory can dismiss. And time for the government’s trade and investment agenda to deliver results—even knowing that some of those results will bring impacts that front-line communities will not and should not accept. In the immediate moment, none of this changes the way the wider climate community has to respond, from campaigners to investors to front-line practitioners. All of our voices are still essential. But those voices will be stronger and more confident if we have a clearer sense of the brutal game we’ve been pulled into, and a plausible path (or two it three) for playing it to the win we need. This conversation also underscores our biggest task for the remaining years of what was supposed to be the “decisive” decade for climate response: if we can shift the energy narrative in Canada, make it a mainstream view that the country’s preoccupation with oil and gas has us falling farther behind a changing world, we’ll see far better results in the 2030s and beyond. For many veteran climate advocates, taking on that part of the fight will begin with recognizing that most of our friends and family, neighbours and colleagues already understand that climate change is real and right in front of us: they’re looking away and staying silent because they don’t have what climate communicator Katharine Hayhoe calls “efficacy”. As Hayhoe recently pointed out in a feature interview with The Energy Mix, it amounts to science denial to keep hammering away at the dire news about global warming without also helping audiences understand what they can do about it, with multiple studies telling us why that won’t work. Far better to open those conversations with the dominant crises like energy security, food security, emergency preparedness and business continuity, affordability, and financial security that have knocked climate change far lower on the list of public priorities, and will likely keep it there. We Knew This Would Happen Climate hawks have always known this day would come. For decades, we warned that everyone had to pay attention to climate change right now, because it would be much tougher to respond once the crisis itself started affecting our daily lives. We were right, and here we are. But now, thanks to decades of hard work, communities and countries have an alternative to doubling down on fossil fuels. “In 10 years everyone will have ‘always known’ that solar and batteries were going to win,” Morgan Solar Executive Chair Mike Andrade writes on LinkedIn. With the disruption in the Strait of Hormuz roiling energy priorities around the world, Canada and the United States are among the shrinking number of countries that are still very keen on fossil fuel development. Understanding that gap is a first, essential step in spotting the opportunities ahead, and averting the deep economic as well as environmental and social risk we face if we don’t seize them. Thanks for reading The Energy Mix Weekender! Subscribe for free to receive new posts and support our work. Subscribe Mitchell Beer traces his background in renewable energy and energy efficiency back to 1977, in climate change to 1997. Now he and the rest of the Energy Mix team scan 1,200 news headlines a week to pull together The Energy Mix and The Energy Mix Weekender. Chart of the Week BYD Eyes 20 Dealership Locations After Canada Greenlights Chinese EV Imports ‘Sledgehammer’ Carbon Price Deal Boosts Emissions by 230Mt, Aims for Fall 2027 Pipeline Approval ‘Worse Than Harper’: Regulatory Rollback Would Stop Canada from Assessing Project Impacts, Critics Warn Electricity Strategy Aims for Doubling by 2050, Allows ‘Flexibility’ for Gas Power Plants Opposition Mounts as O’Leary’s Data Centre Approved in Drought-Stricken Utah Diluted Carbon Price Misses ‘Reality of the World We’re In’, Could Impede Diversified Trade: Climate Institute $200B in Clean Energy Investment Will Need On-Time Delivery, Reliable Policies, Trade Association Says ‘Sovereign Pipeline’: CEO Pitches to Keep Trans Mountain in Government Hands What a Supercharged El Niño Could Mean for Canada Canada’s future is electric, and here’s how a power grid superhighway would get us there (Toronto Star) The Perilous Waters of Hecate Strait (Globe and Mail) Saudi Aramco profits jump despite conflict in Middle East (The Guardian) Farmers confront rising cost of fertilizer and fuel as spring seeding under way (Canadian Broadcasting Corporation) Clarkson forecasts 24% decline in offshore oil, gas capital expenditures (Oil & Gas Journal) Pipe Dreams: How Oil and Gas Fail to Deliver Economic Development in Africa (Oil Change International) Developing countries must hold the pen to script the fossil fuel transition (Climate Home News) Iran war threatens the dream of a post-oil economy in the Gulf (Washington Post) U.S. Oil, Gas Work Force Hits Lowest Level Since 2022 (Rigzone) Why Polestar Is Doubling Down on Net Zero as Rivals Pull Back on EVs (Bloomberg) Why this Michigan utility plans to sell its hydro dams for $13 (E&E News/Politico) Levees can no longer save New Orleans (Vox)
Trump defends saying he isn’t thinking about Americans’ finances amid Iran talks
The president also said he’s not considering the political implications of the Iran war on the midterms, when Republicans will be defending slim majorities in each chamber.
Trump Administration Weighs $1.7 Billion Fund for Allies Investigated Under Biden
Critics denounced the highly unusual plan, which has yet to be finalized or approved, as a vast political slush fund financed by taxpayers.
The Steyer campaign pays influencers. Their posts don't always make that clear
Tom Steyer's campaign appears to have relied on paid influencers more than any candidate for governor, according to the most recent campaign finance filings.
British Politics Is About to Get Even Messier
The looming contest between Prime Minister Keir Starmer and left-wing mayor Andy Burnham is spooking markets worried about Britain’s finances.
Chartbook 449: Voldemort on Threadneedle street. The Bank of England and the "haunted house" of English politics.
Imagine the scene: In some Harry Potter version of 21st-century London, a group of deathless UK Treasury officials gathered from across the last century huddle over warm pints and glasses of Chardonnay. Around the table there are officials from the 1920s, the 1930s, the 1970s, 2022 and today. Inevitably, in May 2026, the subject of conversation is the disintegration of the current Labour government. Despite its huge majority in parliament, it has been reduced to tatters by catastrophic local election result. These exposed the fact that rather than having a government with a clear popular majority, the UK is like most other modern societies divided into 5 segments each of which commands between 26 and 16 percent of the vote. Perhaps unsurprisingly, the leadership at Nos 10 and 11 Downing Street - where the Prime Minister and the Chancellor (Treasury Secretary) work - seem paralyzed. They are caught between mounting discontent over unfairness and the cost of living, and tough fiscal strictures that push them into making unpopular spending decisions. In the London pub, the Treasury officials from across the ages, can barely hide their satisfaction at the latest display of democratic politics caught in the vice-grip of financial logic. “Remember the mur d’argent and the banker’s ramp?” “Just like yesterday!” There are smirks around the table. Then the representative of 2026 pipes up: “One thing you have to say about the current lot (referring to the latest hapless Labour government), you don’t have to teach them about the bond market!” There is a murmur of ascent from the Treasury Mandarins. The trauma of the fiscal crisis of September-October 2022 sits deep. Back then, in the final stages of Tory decay, a ‘mini budget’ that challenged fiscal orthodoxy led to a brief but fierce panic in one of the oldest government bond markets in the world (aka gilt market). Now all you have to do is to mention the “bond market” to hush debate. [ Paul Mason@paulmasonnews In the name of public service, and as ex-economics editor of BBC Newsnight, I offer to do a zoom call, tonight, with any Labour MP who wants to understand why bond markets do not "fall into line" with governments. 1/ 3:57 PM · May 12, 2026 · 466K Views 224 Replies · 674 Reposts · 3.93K Likes ](https://x.com/paulmasonnews/status/2054229532404519082?s=20) “And the funny thing is”, the young man in the huddle continues, “they don’t even want to talk about … ”. There is a sudden hush. Significant looks are exchanged around the table. About? One of the senior figures puts down his glass with a decisive “clink”. He-Who-Must-Not-Be-Named has entered their thoughts. Meanwhile, a few miles away in a grubby pub in Bloomsbury, two conspirators from the camp of Critical Macrofinance huddle over cans of low-alcohol IPA. They look at each other and blurt out loud: “The Bank!” “Everyone in the bloody Labour party is talking about the bond market. But why aren’t they even mentioning … the Bank of England!?” “Why is no one talking about Voldemort?” In Paul Mason’s blogpost, after much chest-thumping about basic fiscal logic, the basic point about the Bank of England is buried in the fine print at #3 in his list of suggestions as to what a radical Labour government might actually be able to do! [ Conflict & Democracy Down with the bond market! Down with gravity! It may seem unfair to focus on Labour MP Paula Barker for her off-the-cuff assertion that the bond market would have to “fall in line” with Andy Burnham, should he replace Keir Starmer as prime minister. But Burnham himself told the New Statesman that Labour had to “get beyond this thing of being in hock to the bond markets… Read more 2 days ago · 100 likes · 3 comments · Paul Mason ](https://htsf.substack.com/p/down-with-the-bond-market-down-with?utm_source=substack&utm_campaign=post_embed&utm_medium=web) Back in Bloomsbury they shake their heads and ask: “Didn’t we learn anything from the Eurozone crisis?” Meanwhile, as if summoned to the conversation by some higher force, the “pink pages” announce: “The days of ultra-cheap government borrowing have come to an end” and Martin “Whizzard” Wolf publishes the graph of the season Look at the UK in 2026, perilously positioned on the upper edge of the pack. No wonder no one in London needs any lessons about the “bond market”. But, look again. Imagine how they feel in Rome. What is London’s nightmare in 2026? The nightmare is that you end up like Italy in the early 2010s during the Eurozone crisis. Once comfortably situated in the middle of the pack, watching with horror as your ten-year yields explode to 7 percent and “spreads” become a national nightmare. One of the largest economies in Europe, a founding member of the euro, stigmatized. But the message of the Italian experience is ambiguous. After all, the stigma didn’t last. In 2026, Italy borrows at rates lower not only than the UK but the US. The US, which, as everyone knows, enjoys the “exorbitant privilege” of being the issuer of reserve, safe asets. What kind of magic is this? How did Italy, in the space of fifteen years, go from being good, to bad and back again? Which brings us back to our dissident friends in their Bloombury boozer and their memories of the Eurozone crisis. Italy never was Britain - with its ongoing fiscal deficits. Without interest payments, on primary balance, from 2000 to 2020 Italy ran a tight fiscal ship. Even in 2008 it barely went into deficit and when it was being put on the rack in the early 20210s its primary surplus matched that of austere Germany. So, what happened? How did it end up stigmatized? Of course Italian politics didn’t help. Berlusconi was at the helm and he had legal issues. But amongst friends in the Bloomsbury pub, Berlusconi is a sideshow, the name we whisper to each other is “Trichet”. From 2004 to 2011 the ECB was headed by Jean-Claude Trichet, ex of the French Treasury, more German than the Germans. After 2009 as the news of the Greek fiscal disaster broke, the European bond markets wento into panic mode and Trichet began a brutal game of cat and mouse. Between 2009 and 2011, Trichet intervened in the bond market to help, only when he thought he had compliance with austerity. When he thought they were uncooperative, he withdrew. In the summer of 2011, he even made direct suggestions to his Italian counterparts in Rome, as to how Italy should be governed. It was this cat and mouse game that drove the bond markets crazy and exposed Italy to a violent squeeze. When Mario Draghi took over the ECB at the end of 2011 and declared “whatever it takes”, the pressure on Italy, gradually eased. It is that starring role that has made Draghi into the towering figure in European politics that he remains today. So now you see why voices in London hush when it comes to the Bank of England. “The bond market” isn’t an irresistible objective force like the weather or an avalanche. It can appear like that. But that depends on the way it is being handled, or not handled by the central bank. Which is why the silence about the Bank of England in London right now is so significant. If you think this all sounds a bit fishy, coming from a left-liberal Keynesian like myself, well, let me introduce you to Robin Brooks, who, to put it mildly, plays on a different quidditch team to me. Here, from the position of a fiscal hawk is Robin’s celebratory account of the Bank of England’s role since 2022; In October 2022, at the height of the bond market blow-up in the UK, something incredible happened. Governor Andrew Bailey told British pension funds the Bank of England would end its support program for the country’s fragile gilt market, drawing a line under how much help the central bank was willing to give to exposed pension funds and - implicitly - the government. By the end of that week, Kwasi Kwarteng - the finance minister - had resigned. Prime Minister Liz Truss would soon follow. This episode is so incredible because it contrasts with what happened in the Euro zone earlier that year. Bond markets in Spain and Italy were under pressure amid high inflation and rising interest rates. In the middle of this, Mario Draghi - Italy’s Prime Minister - resigned, compounding pressure on bond markets of high-debt countries on the Euro periphery. Unlike the Bank of England, the ECB caved. It bought Italian and Spanish government bonds in an effort to cap yields and introduced a new tool that signaled to markets it might do such caps more frequently going forward. Faced with pressure on bond markets, the ECB capitulated to political pressure from high-debt countries like Italy and Spain. The Bank of England stood its ground and toppled the Truss government. This kind of thing has long-lasting consequences. It means markets price a higher probability of yield caps in the Euro zone, which keeps Italian and Spanish yields artificially low, while markets feel free to push up UK yields without fear of central bank intervention. As I flagged in yesterday’s post, this means you really can’t compare UK yields to those of other high-debt countries. The UK looks worse, but only because its central bank isn’t interfering with markets. There’s more to this than just that 2022 episode. The Bank of England has also been much more aggressive in its quantitative tightening (QT) than other central banks. If one motivation for quantitative easing (QE) is to lower bond yields - especially longer-dated ones - then it stands to reason QT pushes yields up. The left chart above shows a four-quarter moving average of UK government debt issuance (black line) in percent of GDP and which sectors absorb this issuance, including the Bank of England (blue bars). The right chart above compares the Bank of England’s accumulation or run-off of government bonds (blue line) with that of other central banks, where this blue line is the same as the blue bars in the left chart. The Bank of England was quicker and more aggressive than other central banks in downsizing its bond holdings, so UK yields will have risen more than elsewhere also for this reason, not just because of Governor Andrew Bailey’s remarks in October 2022. Back in October 2025, after a conversation in New York with friends in British politics, my sense of dysphoria was such that I raised the issue of the Bank of England openly in the FT Since 2008, the UK has slid into a deep economic and political predicament. Growth has stagnated to a degree far worse even than in the 1970s. The Tory leadership’s wager on the Brexit referendum spectacularly backfired, leaving the UK isolated from Europe and at the mercy of its special relationship with the US, many of whose political class regard the UK as a basket case. After years of austerity, the Labour party lurched to the left and then back to the centre. The Tory party has been eclipsed by the populist nationalism of Reform. Any British government should be worrying first and foremost about how to restart growth. Instead, Keir Starmer is beset by shades of the gilt market panic triggered by the Liz Truss government in 2022. The debt level is higher than in recent years, but there is no cause for panic. UK debt is at far from critical levels and of long duration. Whether you want to “take back control” or launch progressive economic policy, a democracy dogged by fear of bond market vigilantes is unhealthy. In a country that is a monetary sovereign, this climate points to one thing: a disconnect between the government and the central bank. Since 1997, the independence of the Bank of England has become a sacred cow. But independence is what you make of it. And in the wake of the gilt market crisis of September 2022, relations between the Bank of England and the UK government need a reset. In normal times, there is no doubt that an inflation-targeting independent central bank can serve a country well. But since 2008, the UK and other advanced economies have not had the luxury of such simple problems. To their credit, central bankers around the world have not stood on orthodoxy. After 2008, the US Federal Reserve rescued the global banking system and, through quantitative easing, it stabilised the Treasury market in the face of huge deficits. In Europe, things were trickier. Both the Bank of England under Mervyn King and Jean-Claude Trichet’s European Central Bank played cat and mouse with national governments. This was a high stakes wager that between 2010 and 2012 escalated bond market tension and triggered a disastrous turn to austerity. Shaken by the impact of those shocks, their successors, Mark Carney and Mario Draghi adopted a more protective stance (assuming you were not the government of Greece). Recall that Draghi’s legendary slogan, “Whatever it takes”, was uttered to face down the City of London’s bond vigilantes. In 2015, Draghi launched QE — financial repression by another name. In 2016, Carney used the authority of the Bank of England to stabilise markets following the vote for Brexit, an exemplary demonstration of how central banks can underpin democratic choice, even when those choices are wrong headed. All these were independent central bankers steeped in the best practice of the 1990s, who recognised that historic crises demanded radical action. It was the price surge of 2021-2023 that poisoned the atmosphere. Though the shock came mainly from the supply side, central banks ended up in the dock. Nowhere more so than in the UK. The Bank of England reacted with aggressive normalisation. Faced with a cost of living crisis, the governor called for workers to accept real wage cuts. In early 2022, as gas prices were at record levels and Russia’s army was poised to invade Ukraine, the Bank adopted a stringent programme of quantitative tightening, elevating interest rates. When the Truss government got itself in trouble, the Bank took almost a week to come to the rescue. Rather than enacting a charade of normality, it is time to recognise that in 2025 the UK faces a period of historic transition. To meet this challenge, what is needed is a new concordat with the Bank. This should not ignore inflationary pressures or the long-run trajectory of debt, but should affirm the priority of reviving investment-led growth. One could follow Donald Trump in demanding interest rate cuts. The Bank could shadow the ECB in its commitment to capping Eurozone yields. But the top priority should be to lay the ghost of September 2022. The Bank’s slowing of QT last month was a concession. An immediate and complete end would send the right signal. Such a concordat will not by itself restore sanity to politics, solve the housing problem or rebuild the NHS. But it would help to lift the fear of bond market crisis, which is paralysing the effort by democratic politicians to answer the fundamental questions facing the nation. Now, that call for a new concordat between government and Bank of Englands seems more urgent than ever. The problem is that in October 2025, Starmer still had some authority. Today the government is in tatters. And when you are the “under the harrow” - to echo a phrase of Montagu Norman’s from the 1920s - it is the worst possible time to consider institutional change. To make general arguments at a time of crisis can only seem like special pleading rather than a general argument for long-term change. The same, unfortunately, is also true for the other basic institutional reform that Britain urgently needs i.e. the abolition of the out-dated first past the post electoral system and its replacement by a moderated form of proportional representation. And thirdly - whilst we are saying the quiet parts out loud - Britain needs to reopen the question of EU membership. What the local election results of 2026 show is that this remains a key issue. And what they also show is that there is a clear majority that would favor a return. Until these basic features of Britain’s political economy are addressed the country will carry on its politics as though in a haunted house, governed by governments that lack actual majorities, conjuring up false constraints whilst ignoring the real ones. This one is for DG and MI. I love writing the newsletter. If you enjoy it too and fancy buying me a coffee once a month, you know what to do. Click below! Subscribe
CEC Entertainment Names Former Texas Roadhouse, Southwest Airlines Exec as EVP & CFO
Chris Monroe most recently served as CFO of Louisville, Kentucky-based Texas Roadhouse. Prior to that, he spent more than three decades at Southwest Airlines, ultimately serving as SVP of finance, treasurer, and sustainability.
Trump, Elon Musk are trying to open up China for business
President Trump's summit in China with President Xi is underway, with Nvidia (NVDA) CEO Jensen Huang and Tesla (TSLA) CEO Elon Musk tagging along. Yahoo Finance Washington Correspondent Ben Werschkul explains what you need to know from the first day of the summit.
Take-Two stock jumps on GTA 6 pre-order speculation: What we know
Investing.com -- Shares of Take-Two Interactive Software (NASDAQ: TTWO) climbed 5% on Thursday morning, trading at approximately $238, following viral social media speculation that a pre-order window for Grand Theft Auto VI is set to open as early as this weekend.
Mastercard and U.S. Bank’s New Amazon Business Credit Cards
Dominant retail giant Amazon has launched a new Prime Businfess Card issued by U.S. Bank and Mastercard that offer shoppers rewards and flexible finance
Akon's top business mistake: Stop hustling backwards
Yahoo Finance Executive Editor Brian Sozzi sits down with Musician and Entrepreneur Akon to chat about his new album, his successful investments, and his advice for entrepreneurs.
1 in 3 Minnesota childcare providers can’t pay themselves, survey finds
A new survey from First Children’s Finance and the Federal Reserve Bank of Minneapolis shows that 2024 improvements in enrollment and business sustainability in the Minnesota childcare business sector have stopped or regressed.
Ford stock surges 13% on investor optimism for new energy storage business
Investor support for Ford Motor's energy storage business sent its stock soaring 13% Wednesday, the biggest single-day increase in about six years, following a note from Morgan Stanley highlighting details released by the company on Monday. Ford announced its wholly-owned energy subsidiary late last year, and it is being directed by Lisa Drake, who has been a key leader in the company's efforts around electric vehicles. • After a $19.5 billion writedown on its EV programs in December, Ford announced it would launch an energy storage business, utilizing plant space in Kentucky that was previously meant to produce batteries for electric vehicles.
UWA business graduate takes the unconventional path
Aileen Charles tends to choose the unconventional route. That mindset has taken the recent University of West Alabama finance graduate from kicking footballs at Northridge High School in Tuscaloosa to collegiate soccer and, most recently, preparing to hike the 2,600-mile Pacific Crest Trail (PCT) this summer.
Democrats abandon rollback of business tax breaks to fund family tax credit after Colorado governor’s veto threat
House Bills 1221 and 1222 were killed in the Senate Finance Committee on Monday at their sponsors’ request in response to a veto threat from Gov. Jared Polis
Trump says he’s not thinking about Americans’ finances ‘even a little bit’ in Iran talks
Trump said the “only thing” that matters is Iran “can’t have a nuclear weapon.”
Under Mamdani, are businesses leaving the city?
NY1 found that big finance jobs are staying, at least for now.
BMO Financial Group to Sell Transportation-, Vendor-Finance Businesses to Stonepeak
The proposed sale includes a combined loan and lease portfolio in the U.S. and Canada that totals about $10.6 billion as of the end of March.
BMO to Sell Truck, Trailer Financing Businesses to Stonepeak
Bank of Montreal agreed to sell its business that finances trucks, trailers and equipment to Stonepeak, offloading a portfolio that totals about C$14.5 billion ($10.6 billion).
Stonepeak to Acquire BMO Transportation and Vendor Finance
NEW YORK & TORONTO – May 11, 2026 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and BMO Financial
Who’s Traveling to China With Trump in the U.S. Business Delegation?
More than a dozen top U.S. business leaders will travel to China for President Trump’s visit this week with Chinese President Xi Jinping, representing various American industries from finance to manufacturing. Elon Musk, the CEO of both Tesla and SpaceX, is expected to join the delegation, a White
Cohen Joins First Business Bank as VP, Accounts Receivable Financing
First Business Bank welcomed Brian Cohen as vice president – accounts receivable financing to First Business Specialty Finance, a subsidiary of First Business
“We Are the Ones We’ve Been Waiting For”: Bhatti’s Vision for a Different Politics
Virginia congressional candidate Salaam Bhatti discusses campaign finance reform, redistricting, and his policy vision rooted in community and structural change. In this interview, Bhatti outlines his approach to welfare reform, donor influence, and the role of local engagement in shaping a more responsive and representative government.
Campaign finance disclosures should fight corruption, not fuel political voyeurism
At a time when civic participation is already under strain, expanding the public exposure of ordinary political activity risks discouraging it.
Poll: 72 percent say there’s too much money in American politics
A new poll shows that a large majority of Americans say they think there is too much money in U.S. politics. Politico released a poll on Saturday showing that 72 percent of Americans say there̵…
NYC's elites are tired of being painted as the enemy by Mamdani and his ilk
A friend of mine who runs a big finance-related firm here in New York City is scouting for new digs in Miami — not only for office space but also a house — and it’s not just about the taxes.
Business Lookahead: Trump on Tour
STORY: From Trump's trip to China, to a slew of new U.S. data releases, these are the stories to watch in business and finance in the coming week. :: Trump goes to Beijing U.S. President Donald Trump visits Beijing on Thursday and Friday.It will be his first visit to China in eight years.He'll try to lock in the trade truce agreed to in October in South Korea, and avoid a rerun of the tit-for-tat tariff battle that he set off a year ago.Fresh trade data should offer a reality check on whether a protectionist White House has managed to dent Americans' appetite for Chinese-made goods.:: Saudi Aramco posts resultsThe world's biggest exporter of crude oil, Saudi Aramco, reports first-quarter results on Sunday.The numbers are expected to show the pain from the more than two-month-old Iran war.This comes as efforts to end the conflict appeared to stall after the U.S. and Iran traded fire in recent days, with some of the biggest flare-ups in fighting in and around the Strait of Hormuz since a ceasefire began a month ago.:: U.S. economic dataA bunch of new data should give a clearer view of inflation in the U.S.Tuesday's April consumer price index is expected to rise 0.6% according to a Reuters poll.Prices at the pump are likely to loom large in the numbers.Producer price data for April on Wednesday is another inflation checkpoint after the Fed’s last meeting exposed a more hawkish tilt among some policymakers who are increasingly uneasy about price pressures.And retail sales figures on Thursday should show whether higher gas prices and other costs are starting to bite into household spending.
A Personal Finance Star on What Millennials Need From Their Boomer Parents
Ramit Sethi wants everyone to have a healthier relationship to money, and thinks he knows how to get us there.
Central MN SBDC receives $5,000 grant from Midwest Business Finance Corporation
The Central Minnesota Small Business Development Center (SBDC), hosted by the Herberger Business School at St. Cloud State University, has been awarded a $5,000 grant from Midwest Business Finance Corporation (MBFC). In 2025 alone, the Central MN SBDC served 392 clients, including 228 who were brand new to the SBDC — all receiving free, high-quality business consulting and technical assistance. From [...]
Business Office Leader Improved Financial Systems and Oversight at Chico State
Over 35 years in Chico State’s business office, George Wellman transformed how the University manages its finances through a steadfast commitment to accuracy and efficiency.
Russia's internet crackdown hobbles small businesses
Russian dogwear entrepreneur Natalia Kukovinets has had to switch messaging apps multiple times to stay in touch with customers, one of many web-dependent businesses struggling with the Kremlin's wide...
Codie Sanchez lists the top mistakes people make when purchasing a business
Codie Sanchez, Contrarian Thinking Founder & CEO joins Yahoo Finance's Josh Lipton on Market Domination Overtime to discuss 4 questions you should ask before buying a business.
Business school grad connects finance, sustainability and agriculture
It was while applying to colleges that Thomas Hancock-Bacon realized the importance of approaching problems through an interdisciplinary lens. "I initially wanted to pursue organic agriculture, but I came to understand that if I wanted to create change at scale, I needed to engage with the systems that enable it. That meant learning how capital flows and how policy shapes outcomes," he says.
CEC ENTERTAINMENT NAMES CHRIS MONROE AS EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER
A seasoned finance executive with deep roots in restaurant and large-scale enterprise operations, Monroe brings a 30-year track record of capital markets leadership, transformational growth, and financial discipline. CEC Entertainment names Chris Monroe as Executive Vice President, Chief Financial Officer Monroe brings more than 30 years of financial leadership experience across the restaurant, aviation, and defense sectors, and joins CEC at a moment of continued momentum and ambitious forward g
CEC Entertainment adds Texas Roadhouse vet as CFO
Chris Monroe will oversee the finance and real estate teams for Chuck E. Cheese’s parent company as it looks to expand.
CFOs are worried about geopolitics and inflation. But they’re still chasing growth
Finance chiefs say they're bracing for volatility but still hunting for upside.
Erie County Legislature committee eyeing gas tax cap amid high prices
The Finance and Management Committee will meet Thursday to discuss.
IU Kelley Student Competing in Open-Wheel Racing, While Also Pursuing a Business Degree
For more than 100 years, the Indiana University Kelley School of Business has created career momentum for thousands of students. But this May, a junior studying finance and accounting, will experience it faster than any Kelley student who has come before him. The Kelley School is supporting Joey Brienza, a Kelley direct admit and Hutton Honors College student and a race car driver who competes in the USF Pro 2000 Series, a premier open-wheel racing series in the ladder to INDYCAR. On May 9, he w
From Debt Burden to Health Investment: How Debt Swaps Can Finance Women's and Children's Health
As debt pressures rise and development assistance declines, countries are exploring new ways to protect investments in women’s, children’s and adolescents’ health. In the final session of the GLN Domestic Resource Mobilisation Webinar Series, experts, governments and civil society leaders examined how debt swaps can help convert sovereign debt into targeted health financing. Discussions highlighted the importance of accountability, country ownership and sustained political will.
Anthropic just launched AI agent tools to shake up finance grunt work
Anthropic introduced 10 AI agents for the finance industry on Tuesday, adding to the tools already available from buzzy startups and firms themselves.
Many Small Business Owners Lack Financial Safety Net
Recent surveys reveal entrepreneurs struggle in financial resilience and succession planning.
Wall Street opens up its partnership playbook for AI
Finance giants are teaming up with OpenAI and Anthropic to help them spin up consulting arms. It's a classic strategy Wall Street has deployed before.
Intel appoints Qualcomm executive to lead PC and physical AI business
Intel said on Monday it had appointed Alex Katouzian to lead the company's PC and physical artificial intelligence unit. The new role for Katouzian includes the company's crucial PC business, which has been one of the mainstays of Intel's revenue and profit for decades. Katouzian has worked at Qualcomm for more than 20 years and has worked extensively in the company's mobile chip unit, which makes processors for smartphones and other gadgets.
Why Competitive Politics Can Pull Development Finance Away from Need
By Keyi Tang As development finance tightens, the most important question may not be who is lending, but how domestic politics shapes where the money goes. When a foreign-financed road is opened, the picture is clear that this project will connect farmers to markets, lower transport costs and bring neglected communities closer to opportunity. But […]
Leading Health, Sports, and Community Organizations Team Up with Everfi to Expand Access to Student Mental Wellness Education
/PRNewswire/ -- Everfi, the trusted leader in connecting businesses and communities through personal finance and essential life-skills education, today...
Who's Who in Finance: Capital Gap Widens - Los Angeles Business Journal
As one of the key figures in Los Angeles’ chapter of the Small Business Majority, Brian Pifer researches, educates and advocates for the area’s
Who's Who in Finance: Hollywood to Main Street - Los Angeles Business Journal
Downtown-based City National Bank, known for its specialized banking services to high-net-worth clients and the entertainment industry, knows it can’t
Who's Who in Finance: Shrinking SBA Opportunities - Los Angeles Business Journal
After years of working as a hairdresser in New York, getting an employment-based green card was Sayuri Tsuchitani’s first huge leap toward the life she
AI Could Wipe Out Entry-Level Jobs, And That Should Terrify Business Leaders
AI is already reshaping entry-level jobs, in marketing, finance, law, software development and customer service, where junior workers often handle repetitive tasks.
AAPI adults have more confidence and trust in medical professionals like doctors and scientists than government officials, and most are stressed about health concerns - AP-NORC
Personal finances are a source of stress for most AAPI adults, along with health concerns. And many are also stressed about discrimination, with 1 in 4 experiencing a hate crime or incident in the last year.
Colorado health insurers plan to pass $40 million dollar fee onto policyholders in the state
Bruce Blakeman's attorneys make case for campaign matching funds in court
Blakeman sued the state Public Campaign Finance Board last month for denying his campaign millions of dollars of public matching funds over a technicality concerning the filing of paperwork.
Business Lookahead: Eyeing oil, US jobs, and European earnings
STORY: From high oil prices and the conflict in the Middle East to U.S. jobs data and corporate earnings, here’s what you need to watch in business and finance in the week ahead.:: Crude and currencyOil prices briefly topped $120 a barrel this week to hit their highest level since 2022 as the war with Iran enters a third month.While the U.S. and Iran face pressure to end a conflict that has shut the Strait of Hormuz, the world watches anxiously as the biggest-ever disruption to energy supplies unfolds.For each week the Strait is closed, keeping oil elevated, the greater the economic risks via higher inflation or weak growth or, for some, both. Oil importer Japan just intervened to prop up a yen that has been weakened by the conflict.A new month is now underway and some traders will be mindful of that old adage, "Sell in May and go away.":: Jobs gyrationsAs the U.S. economy grapples with fallout from the Middle East war, Wall Street's radar turns to Friday's April monthly payrolls report.The U.S. economy likely created 73,000 new jobs, economists polled by Reuters forecast. In March, payrolls increased by 178,000, the most since December 2024, but that followed a sharp decline in February.The U.S. employment data comes amid signs of hawkishness at the Federal Reserve, as Donald Trump pick Kevin Warsh prepares to take over as chair with the U.S. president keen on rate cuts.:: Starmer’s statusThursday's local elections in Britain, usually a non-event for investors, could move markets in a big way, with opinion polls pointing to a heavy defeat for Prime Minister Keir Starmer's Labour Party.A heavy defeat could spark more widespread demands for his dismissal among his own lawmakers and stoke expectations of a successor more willing to run looser budgets. That would bring more bad news for British bonds.::European earningsIt's a big week for European earnings with Shell and Commerzbank among those reporting.On aggregate, profits are expected to grow 3.2% in Q1, according to LSEG I/B/E/S. Under the surface, it's a little bit more complicated. Growth is expected to be driven by just three sectors: financials, tech and energy. The latter is seen as the biggest beneficiary of the Iran war due to higher oil and gas prices.But if the war, and energy surge, persist, the overall outlook for Europe's earnings could turn.
As Tim Cook steps down, Apple hit record sales — but a chip shortage looms
Cook warned that Apple is facing supply chain headwinds from RAMaggedon that could impact its business.
Thoughts on partisan politics, primaries and what matters
Recently, we learned that Hickman County was spending $30,000 on the primary election coming up next week, but Crystal Fitzgerald, county finance director, shared some good news as well. Tennessee lawmakers decided to reimburse counties that chose to hold primary elections. Good idea, but how about we not even run the increasingly needless exercise in
Is Flutter Entertainment plc (FLUT) A Good Stock To Buy Now?
Is FLUT a good stock to buy? We came across a bullish thesis on Flutter Entertainment plc on r/ValueInvesting by yannick26. In this article, we will summarize the bulls’ thesis on FLUT. Flutter Entertainment plc’s share was trading at $109.63 as of April 20th. FLUT’s trailing and forward P/E were 114.37 and 14.10 respectively according to Yahoo Finance. Flutter Entertainment (FLUT) […]
Yahoo Media Group unites sports and finance with new sports business hub
Available via both the Yahoo Sports and Yahoo Finance websites, the hub is powered in partnership with leading sports business publishers and voices.
Yahoo Media Group unites sports and finance with new sports business hub
Available via both the Yahoo Sports and Yahoo Finance websites, the hub is powered in partnership with leading sports business publishers and voices.
Regions Bank Names Veteran Banker Amy Barrentine as Head of Regions Business Capital
Barrentine brings over 30 years of industry experience to lead teams delivering asset-based lending solutions to clients. Regions Bank on Thursday announced Amy Barrentine has been elevated to serve as head of Regions Business Capital , a specialty finance team within the bank’s Corporate Banking Group . Regions Bank announced veteran banker Amy Barrentine has been elevated to serve as head of Regions Business Capital, a specialty finance team within the bank’s Corporate Banking Group. An important competitive differentiator for Regions Bank, Regions Business Capital develops tailored services for companies at all stages of their life cycles. From managing periods of rapid growth, to navigating performance volatility, strategically leveraging acquisitions, to managing shareholder distributions, and more, Barrentine’s team specializes in helping clients build responsible growth and achieve clear goals. Examples of solutions provided by the team include: Asset-Based Lending :
Mattel raises annual profit forecast on steady toy demand, entertainment push
Mattel raised its annual profit forecast and beat analysts' estimates for quarterly sales on Wednesday, benefiting from resilient demand for toys and growth in its entertainment business. "We continued to make progress on our strategy to grow our IP-driven play and family entertainment business and are seeing top-line acceleration in the second quarter to date," CEO Ynon Kreiz said in a statement. Mattel's first-quarter net sales of $862.2 million beat analysts' estimates of $804.7 million, according to data compiled by LSEG.
PayPal to separate Venmo business, CNBC reports
PayPal's new CEO is making Venmo a separate business as part of a broader reorganization, according to a report by CNBC on Wednesday.
Northwood University Celebrates 2026 Class of Outstanding Business Leaders
Gala honors achievement, raises scholarship funds, and inspires students to pursue lives of meaning, leadership, and earned success Northwood University celebrated five honorees whose vision and leadership have transformed industries and communities on Saturday, April 18, during the 46th Outstanding Business Leader Awards Gala at the Henry Ford Museum in Dearborn, Michigan. The gala brought together honorees, alumni, students, donors, and university leaders for a signature event rooted in Northwood’s mission to develop free-enterprise leaders who drive global economic and social progress. This year’s honorees represented an array of industries, including entertainment, entrepreneurship, construction, manufacturing, motorsports, and automotive retail. “Outstanding Business Leader Awards is one of the most meaningful traditions at Northwood University,” said Dr. Kent MacDonald. “It gives our students the opportunity to learn directly from leaders who have built exceptional careers through vision, perseverance, personal responsibility, and service to others. What makes these honorees special is that their impact reaches far beyond business success. They create jobs, strengthen communities, open doors for others, and lead with purpose. They remind our students that free enterprise, when guided by character and integrity, can be a powerful force for good.” Since 1981, the Outstanding Business Leader Awards have recognized exceptional business leadership while supporting student opportunity through the Outstanding Business Leader Endowed Scholarship Fund. Prior to the gala, honorees met with Northwood students during a roundtable conversation designed to give students direct access to first-hand mentorship and career insight. The student-centered experience continued that evening, as each honoree was formally introduced by a Northwood student selected through a competitive process that drew more than 50 applicants this year. The experience reflects Northwood’s emphasis on learning through experience and providing students with meaningful opportunities to build confidence, connections, and professional momentum before graduation. The following honorees and presenters were featured at this year’s Outstanding Business Leader Awards Gala: Paul A. Glantz, chairman and CEO, EH Real Estate LLC; chairman emeritus, Emagine Entertainment Inc., was introduced by Kennedy Williams, a marketing communications and automotive aftermarket management student from Farmington Hills, Michigan. They are pictured with Gala Emcee Steve Madincea (far left) and Northwood University President Kent MacDonald. Jennifer Tenaglia Panning ’92, president, Artisan Tile Inc., was introduced by Karley Baker, a finance and marketing student from Washington Township who is enrolled in Northwood’s four-year bachelor/MBA track. Danny Sullivan, 1985 Indianapolis 500 champion, 1988 IndyCar World champion, and 1994 Rolex 24 at Daytona champion, was introduced by Max Hart, an automotive marketing and management student from Cheboygan, Michigan. Reagan Cordes, a sales management student from Davison, Michigan, is pictured introducing Linzie Venegas, chief operating officer of Ideal Group, who was unable to attend the gala. Larry Zinn, executive general manager of Warren Henry Auto Group and a 2008 Northwood alumnus, was honored to accept the Outstanding Business Leader Award on behalf of his father, Warren Henry Zinn ‘77, who was unable to attend Saturday’s gala. Larry Zinn was introduced by Bella Smylie, a data analytics student from Clare, Michigan. “This gala is about more than recognizing business excellence; it’s also about investing in students and reinforcing the relationships that make Northwood special,” said Advancement Vice President Murray Kyte. “We celebrate leaders whose lives reflect The Northwood Idea while raising scholarship funds to invest in students whose ambition, character, and entrepreneurial spirit reflect the values Northwood seeks to advance.” “During my time at Northwood, I’ve been fortunate to experience things I never could have imagined,” said Baker, who added she was honored to form a meaningful connection with her Outstanding Business Leader honoree. “…Northwood builds a network that stretches far beyond these walls, one shaped by shared values, a belief in free enterprise, and a conviction that business, done right, can change lives.” To learn more about this year’s honorees and gala sponsors, visit the Outstanding Business Leaders Awards webpage at www.northwood.edu/advancement/signature-events/outstanding-business-leader-awards/. Share this page
Celebrating Financial Literacy Month: Cleveland’s Chase Community Manager Shares Tips for Strengthening Financial Health
We all have financial needs and goals, whether it’s dreaming of buying a new home, starting a business, or simply feeling more secure about your finances. No matter where you are on your financial journey, it’s never too early – or too late – to get started.
Mercedes inks deal with BNP to sell leasing business
Mercedes-Benz has signed a deal to sell its leasing subsidiary Athlon to France's BNP Paribas and is expected to free up hundreds of millions of euros in liquidity, the German company's finance chief said on Wednesday.
Trump wants to turn Fed into another 'political animal': Sen. Warren
The Senate Banking Committee will vote on Wednesday, April 29, over whether to confirm Kevin Warsh's nomination as the next chair of the Federal Reserve. This comes on the same day as Jerome Powell's last FOMC meeting as the head of the US central bank. Senator Elizabeth Warren (D-Ma.) — the ranking member of the Senate Banking Committee — speaks with Yahoo Finance Senior Fed Reporter Jennifer Schonberger about her questioning of Warsh, the likelihood that Powell will stay on the Fed's Board of Governors, and her perspective on President Trump's economic agenda.
Romania Finance Chief Urges Continued Reforms to Avert Junk Risk
Romania’s finance minister warned that the current political turmoil is increasing funding costs and may raise the risk of the country losing its investment grade credit score.
As a Mets savior, Steve Cohen has been as big a disappointment as his team
Owner’s heart and wallet have been in the right place. But like in finance, a healthy investment in sports does not ensure a healthy return.
Africa CDC Launches African High-Level Ministerial Committee to Shape Global Health Architecture Reform
Nairobi, Kenya | 27 April 2026 — Africa Centres for Disease Control and Prevention (Africa CDC) today launched the African High-Level Ministerial Committee on Global Health Architecture Reform (AHLMC) on the margins of the World Health Summit Regional Meeting 2026 in Nairobi, Kenya. The Committee brings together Ministers of Health and Finance from across the continent to […]
Best Restaurant Business Loans in April 2026
Restaurant business loans can help you smooth cash flow or finance essential expenses. Learn how to compare options to find the ideal financing solution.
Box to launch Box Automate service to expedite enterprise business processes, CEO says
Box is launching a service built for artificial intelligence to expedite tedious work like processing invoices and pulling key data from corporate documents, CEO Aaron Levie told Reuters on Monday. In an interview at Reuters' Momentum AI summit in New York, Levie said the company would launch the service, called Box Automate, within 24 hours. It builds on other AI programs that Box developed to put enterprises' vast and disorganized data to use.
Nevada named among 10 best states to start a business. What it means
WalletHub, a website focused on personal finance topics, ranked the best states to start a business. Nevada placed in the top 10.
Introducing Expense Agent in Dynamics 365 Business Central
Discover an AI-powered experience simplifying expense capture, submission, and compliance for employees and finance teams.
Qualcomm shares jump 9% premarket on report of OpenAI smartphone chip partnership
Investing.com-- Qualcomm shares jumped sharply in premarket Monday trading, extending gains after a strong move in the prior session, as fresh analyst commentary pointed to a potential long-term catalyst tied to OpenAI. The stock rose about 9.2% in premarket trading after TF International Securities analyst Ming-Chi Kuo said industry checks suggest OpenAI is working with Qualcomm and MediaTek to develop smartphone processors. Kuo is a highly prominent, Taiwan-based technology analyst renowned fo
Senate budgeters advance overhauled public pension bill, setting up floor vote
The Senate Finance Committee made changes to the bill that could have far-reaching impacts for municipalities and school districts.
Financial concerns are now taking their toll on Americans' physical health
Yahoo Finance's Senior Columnist, Kerry Hannon, joins Market Domination Overtime to discuss how money worries are hurting Americans' health.
Triple major aims for the big leagues in sports finance
“My No. 1 goal is to be the CFO of a professional sports team,” said Ainsley Peterson, a triple-major senior graduating with bachelor’s degrees in accountancy, finance and sports business from the W. P. Carey School of Business — along with a minor in special events management.It’s an ambitious goal, but Peterson, a spring 2026 graduate from San Diego, has been building toward it for years. Her passion for both sports and finance began at a young age, shaped in part by her family’s influence.
Arkansas eliminates tennis programs, leaving Razorbacks with 17 sports
The Razorbacks last cut a sport in 1993, but for entirely different reasons than the finances behind this move.
UF expands certificates in business and education
By: Erin Moran Morane@findlay.edu The University of Findlay has announced a graduate certificate expansion, adding new opportunities in accounting, business fundamentals, finance, human resources, operations management, and trauma-informed education. The additions are part of the university’s effort to meet the evolving needs of the workforce and prepare their students post graduation. Kirby Overton, dean of […]
Breaking Point: Why the Affordable Housing Business Model Is Unraveling
With rising insurance, debt, and operating costs outpacing rents and subsidies, affordable housing is becoming harder to finance.
AMD Gains on New Ryzen 9 Launch
High-end CPU debut adds momentum, though appeal may remain niche.
Democrats dominate midterm fundraising, but Republicans have a huge cash advantage
The latest campaign finance reports show Democratic enthusiasm in key House and Senate races, but national Republican groups have far more in the bank to potentially spend down the road.
How Spirit Airlines’ business model collapsed—and why a Trump bailout could make things worse
Covid, a failed merger, and now a spike in jet fuel prices have conspired to make Spirit's finances unworkable.
CBL Scholars Program Opens Pathways to Business Law Careers - UC Law San Francisco (Formerly UC Hastings)
First-year law students and 2026 CBL Scholars Deniz Masjedi, Alvaro Flores, and Tavia Pappaly gain mentorship connections with leading industry professionals as they prepare for careers in business law. Created by the UC Center for Business Law San Francisco (CBL), the CBL Scholars Program aims to develop the next generation of business law leaders, supported by contributions from individuals and corporate sponsors. The highly competitive program provides funding along with academic and professional mentorship to students from disadvantaged backgrounds. Scholars gain exposure to the Bay Area’s technology and venture capital ecosystems and access to UC Law SF’s broad network of senior legal professionals. Now in its sixth year, the CBL Scholars Program provides a scholarship and academic and professional mentorship to students entering the business law community from disadvantaged educational, economic, social, or physical backgrounds. The program is generously sponsored by the law firms Gunderson Dettmer and Goodwin Procter. Meet this year’s CBL Scholars: Deniz Masjedi, Alvaro Flores, and Tavia Pappaly. All three have secured summer associate positions at prestigious law firms. Deniz Masjedi: A Passion for Helping Founders Grow Companies Deniz Masjedi, who was born in Iran and moved to Southern California as a teenager, traces her interest in law to her family’s immigration journey and her desire to advocate for herself and her family. She earned a bachelor’s degree at UC Berkeley, where she studied political science and sociology. At UC Law SF, she serves as a 1L representative for the Iranian Law Students Association and is active in the Business Law Society and Technology & Law Society. Next fall, she will serve as director of mentorship for the Technology & Law Society and director of professional development for the Business Law Society. She will join Sidley Austin this year as a 1L/2L summer associate. Q: What draws you to business law? A: Prior to law school, I worked in Cooley LLP’s Private Companies practice group as a corporate paralegal for three years, supporting over 100 venture-backed startups and venture capital funds. I found purpose in helping founders transform their vision into successful companies. It was incredibly rewarding being part of their journeys—from company formation and initial financing to major transactions such as M&A deals. What excites me most about this field is the potential for a small, innovative company to become the next Google or Zoom, shaping how people communicate and access information. I hope to continue supporting entrepreneurs and investors as a corporate attorney. Q: What does it mean to you to have been awarded this scholarship? A: As the first person in my family to attend law school in the United States, receiving this scholarship is a tremendous honor. My parents and I left everything behind so that I could enjoy the freedom to practice my religion without persecution and pursue a career in law as a woman. This award is an acknowledgment of my dedication to business law and motivates me to continue pursuing excellence in this field. It also recognizes years of hard work—learning a new language, navigating the college and law school application process, and ultimately building a career in the legal profession. Q: How will this scholarship help support your future goals? A: This scholarship will provide access to mentorship from leaders in the field, enabling me to develop the skills necessary to offer practical advice and effective representation to future clients. It also eases the financial burden of law school, letting me focus on my coursework and deepen my commitment to corporate law. As an immigrant, breaking into the legal profession has not always been easy, and the time that mentors have invested in me has been instrumental to my progress. This scholarship will allow me to continue building those relationships while positioning me to one day mentor others pursuing similar paths. Alvaro Flores: Inspired by Entrepreneurs The son of Mexican immigrants raised in San Antonio, Texas, Alvaro Flores says he has long been interested in how policy, markets, and culture shape society. He studied international relations and global economy at the University of Southern California, with minors in business finance and legal studies. His experiences span local political organizing, venture capital and startup work, and teaching entrepreneurship. At UC Law SF, he is involved in the Business Law Society, Technology & Law Society, and the Latinx Law Student Association. He will join Perkins Coie as a 1L/2L summer associate with the firm’s Emerging Companies & Venture Capital practice. Q: What draws you to business law? A: I’m drawn to stories of entrepreneurs whose simple ideas become companies that shape the economy and society. Spending time in venture capital and working directly with founders has shown me that many important decisions in the scaling process are ultimately legal ones, particularly how companies are structured and how capital is raised. Business law sits at the intersection of innovation and equity. It offers a way to stay close to the pace of technological change while also helping expand who gets to participate in it. There is something special about being part of that process here in the Bay Area, where the American Dream feels like it is reimagined in real time. Q: What does it mean to you to have been awarded this scholarship? A: I am truly grateful for the support and belief this scholarship represents. I see it not just as recognition, but also as alignment. The CBL Scholars Program’s focus on developing individuals who engage deeply with the business and technology ecosystem reflects the path I have been intentionally building. More than anything, it feels like an investment in that journey. I have been thoughtful about each next step–whether teaching, working in venture capital, or building multidisciplinary experiences–and this scholarship reinforces that those efforts come together in a meaningful way. Q: How will this scholarship help support your future goals? A: It allows me to focus more on developing as a business lawyer, without the distraction of financial constraints. Beyond that, the mentorship and access to the Bay Area network are just as valuable. I’m especially interested in working with early-stage companies and investors, so the opportunity to learn directly from people operating at a high level in that space is huge. Tavia Pappaly: Working in the Wine Industry Sparked Interest in Business and Law Tavia Pappaly spent five years in the wine industry before deciding to pursue law school with a goal of becoming a corporate transactions attorney. Pappaly says she wants to use her legal skills to help business grow and thrive. A first-generation law student from Fairfield, California, she is a member of the Legal Education Opportunity Program (LEOP) and will serve as vice president of social planning for the UC Law SF Sports Law Society in her 2L year. She plans to work as a summer associate at Gibson Dunn in San Francisco after her 2L year. Q: What draws you to business law? A: Business law brings together many of my interests and personal experiences. As the daughter of immigrants who grew up around a family-owned small business, I saw firsthand both the opportunities and challenges of building something from the ground up. That perspective, combined with my experience in the wine industry, solidified my interest in helping businesses of all sizes tackle evolving legal challenges. I’m excited to grow within the corporate law space and develop the skills and experience to support businesses at every stage. I’m deeply motivated to give back to immigrant communities and small business owners, whose experiences often intersect. By building a strong foundation in corporate law, I hope to support those working to create generational stability and to contribute in a meaningful way to the communities that have shaped me. Q: What does it mean to you to have been awarded this scholarship? A: Receiving this scholarship is incredibly meaningful to me. I take great pride in my background as a first-generation student and a woman of color, so being recognized for my potential in a field that has historically underrepresented those communities is both affirming and empowering. This program will help connect me to the resources and committed mentors that will help me succeed. Beyond that, it is no secret that law school is a significant financial commitment. This scholarship helps ease both the financial burden and the stress that comes with it, allowing me to focus more on my education and long-term goals. I am incredibly grateful! Q: How will this scholarship help support your future goals? A: This scholarship has already connected me with an incredible network of faculty, business law professionals, and like-minded students. The community fostered by the Center for Business Law is deeply supportive, and I’m excited to grow alongside my cohort. I truly believe this network will play an important role in helping me thrive in law school and position me for success in business law. As I have seen firsthand how impactful both financial scholarship and mentorship are, I hope to give back in this same way later in my career.
LSBF Singapore Achieves Fourth Consecutive Win at Singapore Business Review International Business Awards 2026
The London School of Business and Finance (LSBF) Singapore Campus has clinched its fourth consecutive win at the Singapore Business Review International Business Awards 2026 (Education category), reinforcing its position as one of Singapore's most consistently recognised private education institutions.
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Indonesia advances One Health and pandemic preparedness through CARE-I
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Chargé Arnold Speech - Implementation Plan of Five-Year Health MOU - U.S. Embassy in Madagascar
Chargée d’Affaires Stephanie Arnold's Speech Discussion on the implementation plan for the five-year health Memorandum of Understanding (…) Colleagues, and honored guests, Good morning, and welcome to the United States Embassy. It is a pleasure to host you today for the second day of this important workshop to discuss the implementation of our bilateral health Memorandum of Understanding on U.S. Government health activities in Madagascar, made possible through the Trump Administration’s America First Global Health Strategy. Today’s focus— discussing a shared vision and developing a preliminary draft for the health MOU Implementation Plan and the terms of reference for the two committees that will steer its implementation—is a decisive step in moving from commitments on paper to concrete action over the next five years. On December 22, 2025, the Governments of Madagascar and the United States signed a five-year bilateral health MOU, with a financial intention of approximately 554 billion Ariary from the United States and This jointly decided MOU intends to strengthen Madagascar’s health system, support lifesaving services, and improve disease prevention and response that matter to both our countries’ health security. For the United States, this means detecting and containing infectious disease outbreaks including malaria, polio, and emerging health threats before they can reach American shores through international travel and trade, protecting American families while reducing the need for costly domestic emergency responses Yesterday, technical experts from the Ministry of Public Health and the U.S. Government worked in thematic groups to draft a preliminary Implementation Plan. Today, your task is to review the shared vision and preliminary draft MOU implementation plan, and the proposed terms of reference for the Joint Steering Committee and the Operational Committee that will guide its implementation. These committees are not just administrative structures. They are the mechanisms that will ensure clear roles and responsibilities, regular dialogue between our two governments, consistent monitoring of progress, and real accountability for the results that will directly benefit the lives of Malagasy citizens. They will also track performance against the benchmarks we have jointly established, which will guide the continuation of U.S. support over the five-year period . Continued U.S. support will be contingent on meeting these performance benchmarks. This ensures accountability to both American and Malagasy taxpayers and guarantees that our partnership delivers measurable results. America First Foreign Assistance means that U.S. support must be strategic, results-driven, and accountable to our taxpayers. It also means we aim to support greater self-reliance and reduced long-term dependence on foreign assistance, with systems that are increasingly financed and led by Madagascar itself. This approach benefits both our nations: Madagascar gains sustainable health capacity, while the United States advances our health security interests and creates opportunities for American health innovations and companies to support Madagascar’s development. In that spirit, I want to recognize the presence of the Ministry’s leadership and the technical directors and program heads responsible for surveillance, basic health services, family health, immunization, countering malaria, laboratories, medicines, and health information systems. Your leadership and technical expertise are essential if this bilateral health MOU is to translate into real and lasting improvements for people in need across the country. Let me emphasize how important collaboration is to the United States in this effort. We can bring American resources, technical expertise, and tools. But this bilateral health MOU can only succeed if it reflects Madagascar’s priorities and if Malagasy institutions lead and maintain its implementation. We see this not as a U.S. project, but as a joint framework under Malagasy leadership, with U.S. support. That is why we are genuinely pleased to host this event here at the Embassy. Opening our doors to you today symbolizes our commitment to work side by side and to remain transparent about how we use U.S. resources in support of Madagascar’s health system. In closing, thank you for your time and your partnership. We are very happy to welcome you here and proud to accompany Madagascar in this next step of implementation planning for our bilateral health MOU. I wish you a productive and focused session. The work you do today will shape how our two governments cooperate on health in the years ahead; it will influence the quality and reliability of health services that Malagasy communities receive; and, most importantly, it will help protect both our nations from infectious disease threats while building Madagascar’s capacity for long-term health system sustainability. Thank you.
Business, Finance, and Corporate Compliance Intro | GW Law | The George Washington University
Learn why GW Law’s MSL in Business, Finance, and Corporate Compliance stands out, powered by unmatched access to DC’s legal and policy network.
United States and Madagascar Discuss Five-Year Health MOU Implementation Plan - U.S. Embassy in Madagascar
United States and Madagascar Discuss Five-Year Health MOU Implementation Plan The United States and Madagascar’s Ministry of Public Health are in the process of developing a plan for implementing the U.S.-Madagascar five-year Memorandum of Understanding (MOU) on health cooperation, signed under the Trump Administration’s America First Global Health Strategy. The two-day workshop, at the U.S. Embassy in Antananarivo, brought together technical experts and senior leadership from the Malagasy and U.S. governments to discuss a shared vision through a preliminary draft MOU Implementation Plan and to establish the joint governance structures that will guide U.S. foreign assistance in health over the next five years. The jointly decided bilateral health MOU, signed on December 22, 2025, builds on decades of U.S. global health assistance to Madagascar. The health MOU involves the U.S.’s plans, working with Congress, to provide approximately $134 million (over 554 billion Ariary) and a Malagasy commitment of $41 million (over 169 billion Ariary). It aims to strengthen Madagascar’s health system, improve disease prevention and response, and support services that address health security concerns for both countries, including malaria, maternal and child health, polio, and global health security issues that could reach U.S. shores if not contained at their source. During the recent workshop, technical staff from the Ministry of Public Health and the U.S. Government health team worked in thematic groups to draft detailed implementation plans for the five-year MOU period. On the second day, U.S. Chargé d’Affaires Stephanie Arnold and Ministry of Public Health and Economic and Finance Ministry leadership joined the technical teams to discuss plans and proposed terms of reference for two committees: a Joint Steering Committee and an Operational Committee. These structures will ensure clear roles and responsibilities, regular dialogue between the two governments, consistent monitoring of progress, and accountability for results. The framework includes performance benchmarks that will guide continued U.S. support and track Madagascar’s progress toward self-reliance. “We see this not as a U.S. project, but as a joint framework under Malagasy leadership, with U.S. support,” said U.S. Chargé d’Affaires Stephanie Arnold during the workshop’s opening session. The approach reflects U.S. foreign assistance principles that emphasize strategic, results-driven support that advances American interests while helping recipient countries build sustainable health systems. The framework is designed to build systems that Madagascar will increasingly finance and lead itself, reducing long-term dependence on foreign assistance.
Talarico Leads a Democratic Cash Surge: 7 Takeaways From 2026 Filings
Democrats in key Senate races out-raised their Republican rivals, but super PACs on the right are poised to play a powerful role in the midterms, new campaign finance filings showed.
TAX DAY: New Report Highlights Benefits of 20% Small Business Tax Deduction Becoming Permanent in Ohio
The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released a new report outlining the economic benefits and massive tax savings the 20% Small Business Tax Deduction will bring to the 1.1 million small businesses in Ohio now that it has