Reeves rightly fears the bond market, but she can afford to ditch one unhelpful rule | Phillip Inman

There is a good reason Rachel Reeves is wary of the dreaded bond market vigilantes. Anyone who inherits a mountain of debt and then finds out that many of the lenders act like sharks is right to be concerned.Most of the participants in financial markets are not actively predatory. They swim in a sea of money with only one rule, to stick together, hoovering up as much profit as they can at the lowest risk.Bond vigilantes, on the other hand, are traders with a remit to pursue juicy prey, even if it means going hungry for a while

As Franco Manca scales back, is the air going out of the sourdough pizza craze?

When Franco Manca first opened in south London’s Brixton Market in 2008, its competitively priced sourdough pizzas served in a sophisticated setting quickly drew a buzz.“It was all the rage,” says food blogger Gerry del Guercio of BiteTwice, who visited in the early days and recalls the novelty of seeing queues forming for pizza in London. “It was just desperately cool, and everyone wanted to try.”At a time when the high street was largely dominated by US chains such as Pizza Hut and Domino’s, dishing up more standard fast food pizzas, the business had a unique selling point for the UK market – slow-fermented, chewy sourdough bases.The Naples-originated style of pizza went on to win the hearts of British diners, with its champion Franco Manca expanding into a nationwide chain with more than 70 sites

How a fiery attack on Sam Altman’s home unfolded

In the early hours of 10 April, a man approached the gate of OpenAI CEO Sam Altman’s house in San Francisco and hurled a molotov cocktail at the building before fleeing. The suspect, 20-year-old Daniel Moreno-Gama, was arrested less than two hours later while allegedly attempting to break into the headquarters of OpenAI with a jug of kerosene, a lighter and an anti-AI manifesto.Federal and California state authorities have charged Moreno-Gama with a range of crimes including attempted arson and attempted murder. His parents issued a statement this week saying that their son had recently suffered a mental health crisis. Moreno-Gama, who has not yet entered a plea, faces up to life in prison if convicted

Kenyan firm sacks more than 1,000 workers after losing Meta contract

More than 1,000 low-paid workers in Kenya have been abruptly sacked by an outsourcing company contracted by Meta, in what activists said was a shocking move exposing the precariousness of tech jobs in the global south.Sama, a company based in Nairobi to which Meta outsourced content moderation and AI training work, announced on Thursday that the workers were being laid off after Meta terminated a contract.Last month reports said some Kenyan workers involved in data annotation were asked to view content filmed using Meta’s AI smart glasses showing wearers using the toilet or having sex.The sacked workers, many involved in AI training, have been given six days’ notice, according to the Oversight Lab, an organisation that advocates for fair regulation and deployment of technology across Africa. It said it was advising the workers on legal options

The Crucible holds tribute to former player and commentator John Virgo

A minute’s applause was paid in tribute to John Virgo, who died in February aged 79, as the World Snooker Championship got under way at the Crucible in Sheffield.Virgo, who won the UK Championship in 1979, enjoyed a successful playing career but was best known for his broadcasting. During his 18 years as a professional, he reached the World Championship semi-finals in 1979. He went on to work for the BBC in 1994 and his voice became a distinctive feature of the national broadcaster’s snooker coverage for three decades.This article includes content hosted on embed

‘That’s a guppy’: Baumgardner swats aside Britain’s Dubois as feud escalates

A dismissive Alycia Baumgardner said Britain’s Caroline Dubois still has more to prove before the American will entertain a fight between the two unified champions.That was the curt assessment from Baumgardner early Saturday morning after she retained her WBA, WBO and IBF junior lightweight world titles with a controlled, at times punishing display across 10 three-minute rounds against Bo Mi Re Shin in a main event that started well past midnight at Madison Square Garden.“Like I said, I’m a piranha,” said Baumgardner, a world champion at 130lb since 2021. “That’s a guppy. Get her out of here