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22.02.26 - 19:18
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The Guardian view on the funding crisis at the National Gallery: the public should not pay the price | Editorial (The Guardian)
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Financial difficulties at one of the UK's most prestigious institutions are a sign of the times. But maintaining free access to great art must be a priority“The National Gallery is doing a great job isn't it?” David Hockney reflected in 2024. “Everything in the collection is good, every single picture is good.” Judging by recent performance, the artist would seem to be right. The gallery's blockbuster Van Gogh exhibition closed in January last year after a record-breaking 335,000 visitors. Its 200th anniversary celebrations, including the opening of the newly designed Sainsbury Wing and rehang, attracted a 60% rise in visitors since May.But barely 10 months later, the art world is digesting the stark news that the National Gallery will face a deficit of £8.2m in the coming year. Proposed cuts could include fewer free exhibitions, higher ticket prices, less international borrowing and job losses. Two huge cash donations of £150m each are ringfenced to build an ambitious new wing for ...
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22.02.26 - 13:00
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Swansea Ospreys fans dismayed as club faces axe amid crisis in Welsh rugby (The Guardian)
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Welsh Rugby Union is to cut number of professional teams from four to three, with Ospreys the likely choiceFor Ian Gough, a lock forward who had been dropped by the Wales national rugby union team, signing with Swansea's Ospreys in 2007 was life-changing: he credits his time at the club with resurrecting his international career.“It was great fun playing for the Ospreys,” he said. “They did it the hard way, ground their way up, and the supporters embraced that identity and went with them on that journey to becoming a good side. Continue reading......
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22.02.26 - 09:36
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Why the Fed credibility crisis will hit emerging markets harder (SCMP)
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As political pressure on the US Federal Reserve intensifies in Washington, the reverberations are rippling across the globe. Gregory Peters, co-chief investment officer of fixed income at PGIM, has noted that bringing political pressure to bear on the Fed is an “own goal” – a self-inflicted shock that erodes confidence and is unlikely to deliver lower borrowing costs for the US.
This reassessment – marked by quiet “sell America” trades – is beginning to surface.
The damage extends far beyond......
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21.02.26 - 11:12
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Under water, in denial: is Europe drowning out the climate crisis? (The Guardian)
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Even as weather extremes worsen, the voices calling for the rolling back of environmental rules have grown louder and more influentialIn the timeless week between Christmas and the new year, two Spanish men in their early 50s – friends since childhood, popular around town – went to a restaurant and did not come home.Francisco Zea Bravo, a maths teacher active in a book club and rock band, and Antonio Morales Serrano, the owner of a popular cafe and ice-cream parlour, had gone to eat with friends in Málaga on Saturday 27 December. But as the pair drove back to Alhaurín el Grande that night, heavy rains turned the usually tranquil Fahala River into what the mayor would later call an “uncontrollable torrent”. Police found their van overturned the next day. Their bodies followed after an agonising search. Continue reading......
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20.02.26 - 15:36
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Hot Stocks heute: Trump vertagt Iran-Krise - Airbus wackelt, thyssenkrupp glänzt (Finanzen.net)
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Die Märkte bleiben erstaunlich ruhig trotz geopolitischer Spannungen: Trump verschiebt die Iran-Entscheidung um zehn Tage, während Airbus mit Triebwerksproblemen kämpft. Bayer rutscht erneut ab - dafür sorgt thyssenkrupp mit Spin-off-Fantasie für Rückenwind. Dazu: NVIDIA vor Mega-Deal mit OpenAI, Tesla senkt Cybertruck-Preise und Netflix mischt im Warner-Poker mit....
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20.02.26 - 13:51
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VW′s 20% Cost-Cutting Plan Exposes Germany′s Industrial Crisis (ZeroHedge)
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VW's 20% Cost-Cutting Plan Exposes Germany's Industrial Crisis
Submitted by Thomas Kolbe
For too long, Germany's economy has watched political developments from the sidelines – perhaps far too long. The cost pressures triggered by the energy transition and Brussels' extensive regulatory policies are now reflected in business results.
Following Stellantis and Opel, Volkswagen on Monday announced sweeping measures to confront the existential economic crisis. CEO Oliver Blume presented a cost-saving program that, according to Manager Magazin, is expected to reduce global company costs by one-fifth by the end of 2028.
The internal overhaul was presented in mid-January by Blume and CFO Arno Antlitz. A concrete statement from the company on its strategy has not yet been issued. Plant closures in Germany are reportedly also under discussion.
Collapse in Earnings
Pressure to act is immense. The final results for last year are not yet available, but after three quarters, an operating profit (EBIT...
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