Why Russia’s economy is unlikely to collapse even if oil prices fall

Pacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute reports of Donald’s Trump’s Venezuelan coup, Vladimir Putin may have been wondering what it would mean for the price of oil.Crude oil has lubricated the Russian economy for decades – far more than gas exports to Europe – and so the threat of falling oil prices, prompted by US plans for control of Venezuela’s rigs, will have been a source of concern.Opinion is divided on how quickly the South American country’s creaking oil industry can be revived. But some analysts believe that Venezuela, home to the world’s largest proven reserves, could be pumping millions of additional barrels as early as this year, hitting the global price and squeezing Russia’s income.US sanctions on Rosneft and Lukoil last year and a rise in the rouble, depressing income from oil sales in dollars, have already reduced receipts for Moscow

Wessex Water bosses handed £50,000 in extra pay despite Labour government’s bonus ban

The bosses of Wessex Water received £50,000 in previously undisclosed extra pay from a parent company, in the same year that the utility was banned from paying bonuses, the Guardian can reveal.Chief executive Ruth Jefferson and chief financial officer Andy Pymer were paid £24,000 and £27,000 respectively in the year to June 2025, according to a spokesperson for Wessex Water’s owner, the Malaysian YTL group.The payments came from Wessex Water Ltd, which is the parent company of Wessex Water Services Ltd, the regulated water supplier for 2.9 million customers in south-west England. YTL said the payments were not bonuses

Elon Musk says UK wants to suppress free speech as X faces possible ban

Elon Musk has accused the UK government of wanting to suppress free speech after ministers threatened fines and a possible ban for his social media site X after its AI tool, Grok, was used to make sexual images of women and children without their consent.The billionaire claimed Grok was the most downloaded app on the UK App Store on Friday night after ministers threatened to take action unless the function to create sexually harassing images was removed.Responding to threats of a ban from the government, Musk wrote: “They just want to suppress free speech”.Thousands of women have faced abuse from users of the AI tool which was first used to digitally strip fully clothed photographs into images showing them wearing micro bikinis, and then used for extreme image manipulation.Pictures of teenage girls and children were altered to show them wearing swimwear, leading experts to say some of the content could be categorised as child sexual abuse material

Behind the Somali daycare panic is a mother-and-son duo angling to be top Maga influencers

YouTube influencer Nick Shirley, whose viral video alleging fraud by daycare centers servicing Minneapolis’s Somali American community came days ahead of the Trump administration’s declaration of a national funding freeze, has for years published conspiracy-minded takes on hot-button rightwing issues.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more.He also has close ties to the White House, Republicans, and to representatives of an earlier generation of rightwing partisan “ambush journalists” such as James O’Keefe

‘It doesn’t really hit your socials’: Is this Australia’s best kept sporting secret? | Sarah Guiney

If there is one thing Australians pride themselves on, it’s playing sport in the elements. From long days of cricket at the height of summer, the sun beating down harsh and unforgiving, to mud-soaked footy in the dead of winter. It’s a test of character, and Australians wear it like a badge of honour.So perhaps it is a surprise that Australia has yet to embrace ice hockey; tucked away in rinks so cold you need a puffer jacket just to sit and watch, even during summer. Combine that with its speed and brutal physicality, and it seems to tick every box

Coco Gauff beats Iga Swiatek but Poland best US to reach United Cup final

A statement victory for Coco Gauff over her great rival Iga Swiatek proved to be insufficient to the American’s hopes of leading her team into the final of the United Cup. Poland showed their depth in an excellent team performance to close out a 2-1 win over the United States at the Ken Rosewall Arena in Sydney.Poland, who finished runners-up to the US last year, exacted their revenge courtesy of the doubles specialists Jan Zielinski and Katarzyna Kawa, who maintained their unbeaten run in the competition by defeating Christian Harrison and Gauff 7-6 (5), 7-6 (3) in the decisive third rubber. Poland face Switzerland in the final on Sunday after the Swiss defeated Belgium 2-1.The tie opened with another victory for Hubert Hurkacz, who continued his impressive comeback from injury by defeating the world No 9, Taylor Fritz, 7-6 (1), 7-6 (2)