Sudan – Three years on, outbreaks everywhere: MSF urges end of barriers to boost Sudan’s vaccination programs

Source: Médecins Sans Frontières/Doctors Without Borders (MSF)

Port Sudan, 6 May 2026 – Three years of war in Sudan have dismantled vaccination programmes and collapsed disease surveillance systems, fuelling deadly, preventable epidemics.

As World Immunization Week (24–30 April) ended last week, Médecins Sans Frontières/Doctors Without Borders (MSF) is calling on donors, diplomatic actors, and health authorities to increase flexible funding and pressure warring parties to end administrative obstruction, unblock delivery routes, and guarantee safe passage for humanitarian supplies. Without immediate action, outbreaks will continue to spiral, and people will keep dying from diseases we have the tools to prevent.

In just the first four months of 2026 MSF teams have treated at least 13,000 measles cases in Darfur alone after responding to six outbreaks of the contagious disease, often in areas where displaced communities are settled. The outbreaks have happened in Feina, Kas and Nyala and surrounding areas (South Darfur), Tawila (North Darfur) and El Geneina (West Darfur).

Most patients treated were unvaccinated or had an unknown vaccination status. MSF has the teams, expertise, and operational capacity to deliver vaccinations, and has supported partners and health authorities to implement targeted and mass vaccination campaigns to control the outbreaks.

“In January 2026, Tawila was a measles hotspot, with 957 cases treated that month. Following a partner-led vaccination campaign that reached over 130,000 people, the number of cases declined steadily, dropping to just 40 by late April. However, the issue is that outbreaks are contained in one place only to re-emerge elsewhere, as displacement forces people to move and gaps in vaccination coverage allow diseases to spread,” says Joseph Amadomon Sagara, MSF Emergency Medical Coordinator in Sudan.

Organizing vaccination campaigns in Sudan means navigating with insufficient doses, broken supply chains, and a shortage of trained vaccinators. Added to this are layers of approvals for importation, and long delays from the Ministry of Health to develop vaccination plans or confirm outbreaks, a necessary precondition for deploying vaccines. By the time authorization is granted, the outbreak has often already spread.

“Drastic funding cuts and deliberate bureaucratic obstruction by the warring parties are blocking lifesaving vaccines and medicines from reaching people in need timely,” says Miriam Alía, MSF vaccination and outbreak advisor.

Despite these multiple challenges, vaccination drives have proven highly effective in containing the spread of a highly contagious viral disease that can cause severe illness, complications, and death, affecting disproportionately young children under five.

In El Geneina, West Darfur, measles cases fell 96% since January, from a peak to just 22 cases, following the large-scale vaccination campaign in which 186,000 doses were administered. In Central Darfur, the Ministry of Health launched its first mass vaccination campaign since the start of the war, covering 810,000 children across the state.

MSF supported the campaign in Zalingei, where high coverage has since led to a drastic reduction in hospital measles cases. In South Darfur, MSF vaccinated over 200,000 children against measles in 2026 across Kas and the remote Southern Jebel Marra region, and supported a Ministry of Health and UNICEF campaign in Nyala and East Jebel Marra reaching over 550,000 children.

“I’m happy the children are receiving the vaccine. I’ve seen kids with measles in the community and it’s painful; they have fever and rashes, and many had to be admitted to the hospital. In the community, we can’t control the disease on our own, we need vaccines,” said Mariam, who took her 11-year-old son, Hamaza, to a vaccination site in Umalgora, in West Darfur.

“Vaccination campaigns are working, but the gains won't last without routine immunization. Across Sudan, collapsed health systems, difficult access to remote areas, and mobile teams stretched beyond capacity have left coverage far below 2022 levels. Many children are still not being reached. Until these structural gaps are addressed, outbreaks will keep coming back,” says Miriam Alía, MSF Vaccination and Outbreak Advisor.

Sudan is a vast country, and many areas have remained inaccessible to humanitarian organisations during the conflict. In Rokero, Central Darfur, a mountainous area in northern Jebel Marra, a pertussis outbreak with over 1,000 cases since mid-2025 only began to decline in March.

When MSF teams reach new areas, they often find communities that have gone long periods without vaccination due to the collapse of local health systems. For example, mid-April, an exploration in Suni, South Darfur, identified dozens of cases of whooping cough, pertussis, and measles.

Beyond Darfur, MSF surveillance teams in South Khartoum are tracking disease spread as thousands return to a destroyed city with no access to basic services. In El Obeid, North Kordofan's capital, one of the most active frontlines today, MSF is supporting an isolation centre at the Teaching Hospital responding to an ongoing measles outbreak, predominantly affecting displaced populations.

Across nine of Sudan's 18 states, MSF teams are preparing for a potential cholera surge ahead of the rainy season. Since 2024, cholera has killed more than 3,500 people in Sudan, in 2025 alone, MSF treated over 42,000 cases.

MSF is an international, medical, humanitarian organisation that delivers medical care to people in need, regardless of their origin, religion, or political affiliation.  MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. Every year more than 120 Australians and New Zealanders go on assignment with Médecins Sans Frontières  working as: doctors, midwives, psychologists, laboratory technicians, human resource/finance coordinators, pharmacists, mental health specialists and logisticians. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au  

Australia – State budget support for families and multiculturalism welcome – AMES

Source: AMES

Migrant and refugee settlement agency AMES Australia has welcomed measures announced in the Victorian state budget that support multicultural communities and take pressure off struggling families, including many refugee and migrant families.

The 2026-27 Victorian Budget is investing more than $123.8 million to support multicultural and multifaith families.

This includes $9.1 million to support students from migrant and refugee backgrounds to stay engaged in education through initiatives like homework clubs.

There is also $3.6 million provided to continue the Early Childhood Language Program in Victorian kindergartens.

The budget also invests $61.9 million to support students with English as an Additional Language program and provide interpreting and translating services in schools.

There is a $400 payment for Victorian government school students as part of a $287 million package that will see parents able to choose how they spend the payment on education-related expenses such as uniforms, school camps and excursions.

An $11 billion injection into the state’s healthcare system will also support the health care of many migrant and refugee families.

The budget includes $13.6 million for the Multicultural Affairs portfolio, including $4 million in targeted support for newly arrived migrant and refugee communities as well as asylum seekers and temporary visa holders.

There is $17 million in the budget to expand the delivery of the Victorian African Communities Action Plan as well as more than $10 million for community language schools to help people maintain their cultural identity through language.

Also in the budget is $3.4 million in 2026-27 for community led projects to fight racism, including antisemitism and Islamophobia.

AMES Australia CEO Melinda Collinson welcomed the measures, saying many migrant and refugee families would benefit from the measures.

“At a time when we are seeing a cost-of-living crisis, measures that support the most vulnerable families are welcome,” Ms Collinson said.

“The budget also includes measures that will help to bolster social cohesion at a time when it is coming under stress.

 “As many Victorians are grappling with the cost-of-living crisis, migrant and refugee families will be among the people who will be finding some relief in the budget measures,” she said.

Tech Startup Launches Tool Built to Catch AI Hallucinations in Legal Citations

Source: BrentWorks Inc

CiteSentinel Helps Lawyers File Faster While Avoiding Sanctions and Embarrassment

LOS ANGELES, May 5, 2026 – Legal tech startup BrentWorks Inc. launched CiteSentinel, among the first dedicated platforms built specifically to detect and prevent AI hallucinations in legal citations. The tool scans legal documents and flags case law, statutes, and legal authorities that may be fabricated, misstated, or otherwise erroneous, before they reach a judge.

Courts across the country are increasingly sanctioning attorneys who submit briefs containing invented case citations, a well-documented byproduct of generative AI drafting tools that produce authoritative-sounding, but entirely fictional, legal authority. CiteSentinel was designed to close that verification gap, giving attorneys a fast and easy way to confirm that every citation in a filing corresponds to a real case, a real statute, and a real legal authority.

“The legal profession is learning, in very public ways, that AI doesn't just make mistakes, it confidently lies to your face,” said BrentWorks co-founder Brent Britton. “CiteSentinel is about restoring trust. It lets lawyers move fast with the irresistible efficiencies of generative AI while still filing documents reciting authorities they can stand behind. It also enables them to scan opposing counsel's documents, giving them a competitive edge in the courtroom.”

Many attorneys who do not personally use AI to draft documents are discovering they have a problem anyway. Opposing counsel may have used AI. Co-counsel may have. Contract attorneys and paralegals almost certainly have access to it and may be using it

without disclosing that fact. When a brief containing fabricated citations reaches the court, the question of who drafted it quickly becomes secondary to the question of whose name is on it.

CiteSentinel lets attorneys scan any document, their own, a colleague's, or an adversary's, for citation errors before those errors become their problem. Attorneys who review opposing counsel's filings with CiteSentinel gain an additional advantage: the ability to identify and challenge citations to authorities that simply do not exist.

Today, a lawyer's supervisory obligation includes a question that would have seemed absurd just a few short years ago: Are the cases cited in this brief real or imaginary?

Senior lawyers cannot personally verify every citation in every document produced by everyone under their supervision. CiteSentinel can. At a cost that is modest compared to a single sanctions proceeding or the reputational damage that comes with public embarrassment before a court, CiteSentinel is among the most cost-effective risk management tools available to any law firm, legal department, or solo practice today.

Unlike traditional research platforms that focus on finding more information, CiteSentinel focuses on confirming the law cited in a document is real. Attorneys can scan:

· Their own AI-assisted drafts, before filing

· Submissions from co-counsel, contract attorneys, and support staff

· Opposing counsel's filings, for strategic advantage

· Any document where citation accuracy carries professional or ethical weight

Like a reality check for legal briefs, the tool flags citations that may be hallucinated, misstated, or inaccurately referenced, allowing lawyers to correct errors before courts, clients, or competitors discover them first.

Under mounting deadline pressure, many attorneys now rely on AI-generated research, but verification has not kept pace. CiteSentinel addresses that verification gap head-on, helping lawyers practice faster, more accurately, and with the confidence that their work reflects reality.

BrentWorks was founded by Brent Britton, a veteran technology attorney and MIT-trained engineer, and Brent Hunter, a longtime technologist and AI pioneer. CiteSentinel is the first in a series of products the company will be releasing to elevate the practice of law in the age of AI.

BRENT C.J. BRITTON/CEO

Brent Britton is what happens when law school meets the MIT Media Lab. A veteran engineer, technology attorney licensed in three states (California, New York and Florida), and entrepreneur who literally wrote the book on IP law, Britton has spent his career guiding creators and companies at the frontier of innovation, overseeing billions of dollars of aggregate deal flow in the process. The culmination of his life is re-engineering legal tools to think faster, decide better, and serve humanity at the speed of innovation.

BRENT N. HUNTER/PRESIDENT AND CIO

Brent N. Hunter is a technology pioneer who applied neural networks to finance in 1993. He has since led multimillion-dollar transformation programs for Fortune 500 giants, including GE, Wells Fargo, Disney, and Warner Bros. Discovery. An author, technologist, and systems thinker, he fuses psychology, technology, and leadership into a single mission: to build intelligent systems that serve humanity.

Learn more at https://brentworks.ai/.

Universities – “Not just hot water”: marine heatwaves can create toxic relationship between seagrasses and microbes – UoS

Source: University of Sydney – UoS

Heat stress from marine heatwaves can create a toxic relationship between seagrasses and a hidden ecosystem of bacteria, transforming a previously beneficial co-existence between marine plants and microbes into a harmful one, a University of Sydney and UNSW study has found.

Seagrasses are marine flowering plants that act as fish nurseries, purify water and are crucial in coastal carbon storage.Their decline is often missed until it’s too late.

The role soil microbes play in land plant health and climate resilience is well known. But for marine plants like seagrass this science has largely been overlooked.

“It’s worth paying attention to what happens in seagrass habitats as marine heatwaves become more common. That information could be invaluable for conservation efforts,” said lead researcher Dr Renske Jongen, from the School of Life and Environmental Sciences.

In an underwater gardening experiment, biologists found a diverse bacterial ecosystem in the soil and around seagrass roots. The bacterial ecosystem was in a delicate balance controlling the chemistry of the soil and seagrass health.

Under increased water temperature, tiny bacteria living in the sediment among seagrass roots can reduce seagrass tolerance to climate change, stunting its growth and its ability to cope with heat stress.

Higher temperatures favour bacterial species known to produce hydrogen sulphide, a compound toxic to seagrass, which may stunt seagrass growth. Plants previously exposed to warmer conditions suffer more from those changes in microbes.

The researchers found seagrass growing in sediments from warm areas produces 34 percent less biomass when the natural sediment microbes wasn’t disturbed.

The findings show how bacterial communities are a hidden factor in recovering and restoring seagrass.

“Just as microalgal symbionts (tiny organisms that rely on sunlight as energy)  are key to the health of coral reefs, bacterial symbionts nestled at the roots and sediment of seagrasses can influence whether seagrass survives or declines,” said Dr Jongen.

“Even though seagrasses may look ok at first glance, what we’ve found below ground under increased temperature tells a different story.”

Just as heatwaves have hit terrestrial plants, marine heatwaves have thinned out once lush and widespread seagrass meadows along the Australian coast. They are mainly found in shallow coastal waters and estuaries from tropical Queensland all the way down to the cool, temperate waters of Tasmania.

Microbial communities also shape marine plants’ responses to environmental stress.

Heat stress isn’t only about hot water. Increased water temperatures dramatically change the ecosystem of microbes living among the seagrass roots and how microbes co-exist,” said senior author Associate Professor Ziggy Marzinelli from the University of Sydney.

“Under heat stress, the microbial communities around seagrass roots shift in ways that can harm rather than help the plant.”

The research was published in New Phytologist.

How decades of industrial history created a real-world climate experiment

Research team at Myuna Bay Credit: Renske Jongen

In Myuna Bay in Lake Macquarie, history has created the perfect conditions for the research team to answer the question – ‘what would happen to seagrasses and microbes if water temperatures increased as projected by climate change models?’

Since 1984, Eraring Power Station has continually fed a plume of warm estuarine water into the lake.

This has made some of the lake waters up to three degrees warmer than ambient temperature for nearly four decades, mimicking both marine heatwaves and what future oceans could be like along the Eastern Australia coast by 2090.

“This has inadvertently created realistic conditions for the ultimate ‘gardening experiment’ – for us to test how seagrass and below ground microbe health is shaped by exposure to higher-than-normal ocean temperatures,” said Dr Jongen.

“Locals are aware of the temperature increase in the area. It also has a reputation as a popular fishing spot because the hot water attracts a lot of fish species and everything from sharks to turtles have been seen here!”

The research team transplanted Zostera muelleri, a species of sea grasses native to coastal areas of Australia, into the lakebed.

They also extracted and analysed DNA to find the type of bacterial communities from the sediment and sediment from the seagrass roots to find how their composition changed in different temperatures.

That was when they uncovered the change in bacterial communities and especially the relative increase of bacterial species that suppressed seagrass growth.

“Our study highlights the overlooked role of microbes in tipping the balance in marine environments,” said Professor Paul Gribben from the University of New South Wales.

“Seagrass restoration should not just focus on selecting species that are more heat tolerant, but also look deeper, below the ground surface – and, if needed, address microbial communities before transplanting or restoring seagrass meadows.”

Read the research here:  https://doi.org/10.1111/nph.71195

Declaration: The researchers declare no competing interests.

Energy Sector – The Eirin field in production – more gas to Europe

Source: Equinor

05 MAY 2026 – The Eirin field has come on stream and is now exporting gas to Europe via the Gina Krog and Sleipner A platforms in the North Sea. The subsea development has been developed in record time.

Expected recoverable resources from Eirin are about 27.6 million barrels of oil equivalent, mainly gas.

Eirin was proven as early as 1978 but was abandoned due to lack of profitability. After Russia's full-scale invasion of Ukraine, Norwegian gas became more important, and the discovery was reassessed in 2023.

“The partnership saw an opportunity to contribute to Europe's energy security in a challenging time. We made an ambitious plan for a fast, cost-effective and safe development, which has now been realised. Eirin will extend production from the Gina Krog platform by seven years. This means gas to Europe and continued good value creation from the jobs associated with the platform,” says Linda Kåda Høiland, senior vice president for late-life fields in Equinor, newly appointed vice president for Statfjord in Exploration & Production Norway.

Eirin has been developed as a subsea facility tied back to the Gina Krog platform. The gas is exported via Sleipner A. The Sleipner area is a key hub for Norwegian gas exports to Europe. Total investments are estimated at NOK 4.5 billion. The project will be able to extend Gina Krog's economic life from 2029 to 2036.

“The project has given us important learnings on how to develop marginal discoveries quickly and profitably. Such subsea developments will be important for maintaining production and value creation from the Norwegian shelf in the future. Early collaboration, efficient decision-making processes and standardized solutions have been crucial to realizing Eirin in a short time. From the establishment of the project to the start of production, we have only spent three years,” says Høiland.

The Eirin development has very good safety results and has made a lot of reuse of mature technology. Gina Krog was electrified in 2023, which means low CO2 emissions for the Eirin field as well, around 3 kg CO2 per barrel produced (oil equivalents).

Facts:

  • Partners in the licence are Equinor (operator and 58.7% interest) and ORLEN Upstream Norway AS (41.3% interest).
  • The Eirin discovery was proven in 1978 and is located about 250 kilometres west of Stavanger in about 120 metres of water, with a reservoir at a depth of about 4000 metres.
  • Eirin is being developed as a subsea facility (subsea template with two slots) with tie-back to Gina Krog. Volumes are further processed to Sleipner A. Gas is exported through Gassled, while liquids go to Kårstø for further processing and export. The solution utilises existing risers and facilitates possible step-by-step expansion and tie-in of new discoveries in the area.
  • The project matured until Equinor's investment decision in record time, in just 4.5 months. From the establishment of the project in January 2023 to the start-up of production, 3 years have passed.

Economy – Taiwan card payments market to surpass $177 billion in 2026, forecasts GlobalData

Source: GlobalData

Taiwan’s (Province of China) card payments market is set to reach TWD5.7 trillion ($177.7 billion) in 2026, driven by the growing preference for digital payments, near-universal banking access and value-added benefits associated with payment cards, reveals GlobalData, a leading intelligence and productivity platform.

GlobalData’s Payment Cards Analytics reveals that the total card payment value in Taiwan registered a compound annual growth rate (CAGR) of 12.7% over 2021-2025 to reach TWD5.4 trillion ($168.3 billion). The rise of digital-only banks, phasing out of magnetic stripe cards, and increasing use of contactless payments are expected to further support this growth.

Shivani Gupta, Lead Banking and Payments Analyst at GlobalData, comments: “Taiwan’s payments landscape shifted decisively from cash to electronic payments over 2021–2025, with digital transaction methods becoming the more prevalent way to pay. The growth in card payments is expanding on the back of strong banking penetration, widening payment acceptance, and issuer-led efforts to substitute small-ticket cash spending with electronic payments.”

Debit card penetration is notably high in Taiwan, with everyone holding over five debit cards in 2025. However, their usage has primarily been confined to cash withdrawals, rather than payments.

Credit and charge cards, on the other hand, are increasingly used for making payments. This growth can be attributed to the country's developing payment infrastructure, and the ongoing efforts by issuers to boost credit card usage through rewards, co-branded propositions, and campaign-driven merchant partnerships, particularly in categories that lend themselves to repeat payments such as ecommerce, mass retail, dining, and travel.

The expansion of contactless payment technology is further accelerating card adoption. From 02 March 2026, Taiwan Railway Corporation began accepting credit cards, along with mobile wallets for ticket adjustments and upgrades. In addition, from 01 July 2026, passengers will be able to enter and exit the Taipei Metro system using contactless credit cards.

The growing POS terminalization is accelerating card payment growth in Taiwan by expanding acceptance, particularly among SMEs. In December 2025, the Ministry of Finance introduced tax incentives for small businesses adopting mobile payments or Multimedia Information Service Machines (KIOSKs), including a reduced 1% business tax rate and invoice exemptions through 2028.

In January 2026, Neweb Technologies partnered with MineSec to launch NewebAIO SoftPOS, enabling merchants to accept contactless payments on Android devices without traditional POS hardware.

Gupta concludes: “Taiwan’s payment card market is poised for sustained growth over the next five years, supported by rising consumer awareness and usage of payment cards, continued shift of transit and other low-value everyday payments to card-enabled acceptance, and government measures to digitize payments among SMEs. Growth in e-commerce and the continued rollout of digital-only banks will further reinforce this momentum.”

About GlobalData

GlobalData Plc (LSE: DATA) operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change. By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what’s coming, move faster, and lead with confidence. Our solutions are used by over 5,000 organizations across the world’s largest industries, delivering tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth.

Australia – CBA interest rate decision

Source: Commonwealth Bank of Australia (CBA)

Commonwealth Bank responds to the Reserve Bank of Australia’s cash rate increase.

5 May 2026 – Following the Reserve Bank of Australia’s (RBA) decision to increase the official cash rate by 0.25% per annum (p.a.), CBA will increase home loan variable interest rates by 0.25% p.a.  

All CommBank home loan variable rate changes announced today will be effective 15 May 2026.

Commenting on the changes, Angus Sullivan, CBA’s Group Executive Retail Banking, said the bank recognises many customers are already managing higher living costs, and further rate increases can add to that pressure.

“Our focus is on supporting customers to stay on top of their finances with practical tools, clear guidance and access to help when it’s needed,” Sullivan said.

Through the CommBank app, customers have access to a range of digital money management tools – including Money Plan, Spend Tracker and Category Budgets – designed to help them track spending, manage bills, set budgets and stay in control of their finances.

Eligible home loan customers also have the flexibility to change the date and frequency of their repayments, helping them better align repayments with their income and manage cash flow.

“Adjusting how and when repayments are made can make a meaningful difference,” Sullivan said.

“For example, more frequent repayments may help reduce interest over time, while timing them with pay cycles can make it easier for customers to stay on track.”

Customers looking for additional guidance can visit CommBank’s new Lend a Hand page, which brings together practical tools, tips and pathways to support those navigating increased financial pressures in one place.

For those who may need further support they can also contact the bank at any time through the CommBank app to connect with our Financial Assistance Solutions team.

“By having proactive conversations early and often, we can ensure we are providing the right support and solutions for our customers when they need it,” Sullivan said.

Quick tips to help manage your finances: 

  1. Estimate how much your home loan repayments may change via the Home Loan Repayments Calculator.
  2. Eligible customers can align their home loan repayments to when and how often they are paid via the Home Loan repayment change tool. 
  3. Make the most of an offset account. An offset account is a transaction account linked to your eligible Standard Variable Rate, Simple Home Loan and Digi Home Loan that can help you pay less interest over time. For customers looking to maximise the benefits of offsetting, up to 99 Everyday Offset accounts can be linked to a CommBank Standard Variable Rate home loan. A $10 Offset Feature fee applies to link up to two Everyday Offset accounts to a CommBank Simple Home Loan, or one Everyday Offset account to a CommBank Digi Home Loan.
  4. Use our suite of budgeting tools to help manage your finances, including Money Plan in the CommBank app, which helps you to track your spending, stay on top of bills and set goals. 
  5. Use Spend Tracker in the CommBank app to help categorise your debit and credit card transactions, making it easier to see the impact your spending decisions have on your everyday finances.
  6. Use Category Budgets to set weekly, fortnightly or monthly budgets for different categories of your spending – from entertainment to transport, eating out and shopping. You can see how your spending compares to the budget you set yourself, to help you stay on track.
  7. Use CommBank Yello to unlock additional benefits and support that can help eligible customers manage everyday household costs.
  8. Visit our Lend a Hand page to view a range of tools, tips and guidance all designed to help you navigate current cost of living pressures. 
  9. If additional assistance is needed, customers can message us at any time in the CommBank app to be connected with our Financial Assistance Solutions Team.

UK – Starmer plot rattles gilt market as fears surge ahead of local elections – deVere Group

Source: deVere Group

May 5 2026 – The reported plot to oust Prime Minister Keir Starmer, combined with the risk of a brutal Labour showing in Thursday's local elections, has put gilt markets on high alert—still deeply scarred by the Liz Truss mini-Budget crisis and acutely sensitive to any hint of political or fiscal instability, warns the CEO of a global financial advisory giant.

The warning from deVere Group's Nigel Green comes as Labour MPs are reportedly organising an open letter to pressure Starmer into setting out a timetable for his departure, with projections pointing to losses of as many as 1,900 council seats and intensifying competition from Reform UK and the Green Party.

“Markets have long memories, and in the UK gilt market that memory is dominated by Liz Truss,” he comments.

“The 2022 mini-Budget crisis is still the benchmark for what happens when fiscal credibility is questioned. Yields surged, long-dated gilts were hit hardest, and the Bank of England was forced into emergency action to stabilise the system.

“Investors are watching current political developments through that exact same lens.

“Any sign of instability around Prime Minister Keir Starmer or pressure on Chancellor Rachel Reeves immediately feeds into concerns about whether fiscal discipline could weaken.”

The UK enters this political flashpoint with little margin for error. Public debt remains close to 100% of GDP, borrowing continues at elevated levels, and gilt issuance is expected to exceed £250 billion this fiscal year.

Growth remains fragile, leaving the fiscal outlook highly sensitive to even small shifts in policy or confidence.

“If Labour suffers a heavy defeat and internal divisions intensify, gilt markets will start assigning a higher probability to looser fiscal policy, whether through increased spending, diluted rules, or political concessions.”

Attention is likely to centre on the long end of the curve, where maturities between 10 and 30 years are most exposed to concerns about supply and long-term fiscal sustainability.

“The long end is where the damage showed up during the Liz Truss episode, and it is where it would show up again,” says Nigel Green. “Investors demand a higher term premium when confidence slips, and that drives yields sharply higher in those maturities.”

During the 2022 turmoil, 30-year gilt yields briefly surged above 5%, triggering severe stress in liability-driven investment strategies used by pension funds. The rapid repricing forced the Bank of England to step in with emergency gilt purchases to prevent a broader financial stability crisis.

“That episode reset how investors view UK risk,” the deVere CEO explains.

“A sudden loss of confidence can cascade through the system far faster than policymakers expect. Bond markets move on expectation.”

Sterling remains tightly linked to this dynamic. Any erosion of confidence tied to leadership uncertainty or fiscal loosening would likely weaken the currency, feeding into imported inflation and reinforcing pressure on bond yields.

“Currency and bonds move together in these situations,” Nigel Green notes.

“A weaker pound lifts inflation expectations, and that pushes gilt yields higher. It becomes a feedback loop that is difficult to contain once it starts.”

Reports that Labour backbenchers are preparing an open letter to Prime Minister Keir Starmer, drawing comparisons with the internal campaign that led to Sir Tony Blair's departure in 2006, add another layer of uncertainty at a critical moment.

“Investors are focused on control,” says Nigel Green. “If Thursday's results expose fractures within the government, the concern is not just political leadership, it's whether Rachel Reeves can, moving forward, maintain a credible grip on spending and borrowing.”

The deVere CEO concludes: “The combination of a potentially massive electoral setback, an organised push against Starmer, and questions over how firmly Reeves can hold the fiscal line creates a clear risk signal for UK bond markets.

“If those pressures build after the vote, gilt investors will move quickly, pricing in higher borrowing, demanding greater compensation for risk, and pushing yields higher in a way the UK can ill afford.”

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.

Events – ‘AUSTRALIA’S BANKSY’ ANTHONY LISTER TO EXHIBIT ‘CIRCLE OF LIFE’ IN SYDNEY FROM TUESDAY 12 MAY 20

Source: Marks on Sparks

“Print didn't die – people just stopped paying attention.”

Anthony Lister,  modern art disruptor, street and adventure artist, will make a long-awaited return next week for a new exhibition entitled 'Circus of Life' in Sydney from Tuesday 12 May until Sunday 17 May 2026, with an exclusive VIP event to occur at 6pm Wednesday 13 May.

One of Australia's most heralded inner city street artists, Lister has made a mark globally, exhibiting in the artistic Mecca's of the world: New York, Japan, London.

Says Lister, “This isn't just an art exhibition – it's a return from exile. After watching the physical world get swallowed by screens, exhibiting again feels like reclaiming territory.”

“It's about putting something real, tactile, and undeniable back into a culture that's become increasingly intangible. This show is less a comeback and more a correction.”

The theme of the exhibition is media, vanity, and collapse.

“I've placed myself on the covers of magazines – not as a celebration, but as a disruption. It's me inserting myself into a system that manufactures identity and calling out its absurdity from within,” he said.  

“Where I am now as an artist is somewhere between reflection and resistance. I'm not chasing relevance – I'm interrogating it. This work sits in that tension: between ego and critique, visibility and distortion, beauty, and something far less comfortable.”

For Lister, each piece that will feature in 'Circus of Life' had to hold tension.

“If it was too comfortable, it didn't make the cut. If it didn't challenge the viewer – or me – it wasn't strong enough,” he said.

“Together, the works operate like a magazine that's slightly unhinged – familiar on the surface, but fractured underneath.”

The exhibition will offer collectors a rare opportunity to acquire a limited selection of some of Lister's works.

'Circus of Life' will run from 12-17 May from 10am to 8pm with an exclusive VIP event to occur at 6pm on 13 May 2026 by invitation only.

www.anthonylister.com
www.listerdangerzone.com

ABOUT 'CIRCUS OF LIFE' – AN OVERVIEW BY ANTHONY LISTER

I love to touch things. I am a tactile person you could say. Not necessarily materialistic, let's just say I miss printed media like magazines, comics, and books in general. Some of my fondest memories are from being in libraries and especially secondhand bookstores as a child. I love discovering new information. I love the smell of old ink. It fills me with sadness to have been witness to so many of my favourite second hand bookstores go out of business. Books are precious objects to me. To think that they have almost become redundant due to the developments of technology would have made anybody from the past twenty centuries laugh in disbelief.  Reading, writing and even turning pages has become replaced with robot voices, copy/pasting and the incessant scrolling. 

In the same way that the adventure of getting somewhere was lost as we grew older and replaced the adventure of the journey with the convenience of automotive transportation, so too, have we lost the thrill in seeking out new information. There is a different kind of satisfaction that accompanies the tactile seeking of such, thus reducing research to an effortless task conducted on behalf of a robot and via search engine engines.

These pieces mark a return to the celebration of Printed matter. They too mark a pivotal point in my personal journey as I too have returned to the art world. My works have graced the covers of many books, magazines, newspapers, catalogues and flyers for over three decades. Here I have taken the liberty to present a series of self portraits, positioning myself upon the covers of popular magazines, some of the fortunate magazines which have afforded to survive the digital genocide which has forced so many less fortunate publications to die in the wake of the technological revolution.

As a child I would get so excited to see posters advertising that a Circus or a Fair was coming to town, I would nag and nag my mother to let my brothers and I attend. If not just for the show bags, then for the rides and battered sausages. Fireworks were amazing to watch with fairy floss in hand. To this day the smell of fresh explosives takes me straight back to those exact moments of awe.

Life is like a rollercoaster the way it throws one about turbulently through tunnels of emotion both high and low. At times life can feel like a kind of manic Circus full of horrifying twists, haunted house surprises, weird looks from strangers and strange looking weirdos, some funny and some terrifying.

Conservation – Hundreds will gather in Nairobi to act on rangelands

Source: Global Landscapes Forum

• On 6-7 May, experts and stewards in Nairobi –and thousands online– will revitalize the conversation of how we engage with and protect rangeland ecosystems, which contribute nearly 40% of African agricultural GDP
• Explore the GLF Africa 2026 full agenda and speaker line-up

Nairobi, Kenya (4 May 2026) – This 6-7 May, the hybrid conference GLF Africa 2026: Stewarding Our Rangelands will foster dialogue and action around the vital food, nature and socioeconomic systems of rangelands and pastoralists.

In Nairobi, Kenya and online, it will convene experts, youth, Indigenous and local leaders, businesses, policymakers and financiers. Participants will leave behind outdated narratives, building on the complex knowledge and dynamics of these ecosystems, that make up 43% of Africa’s land area and 54% of all land on Earth.

There will be more than 40 hybrid  and in-person only  panels, expert sessions, workshops, cultural demonstrations, networking activities and side events include:

•  Opening plenary: From margins to mainstay. Discover why Africa’s rangelands and pastoralists matter for climate and biodiversity and how to help them thrive.
•  The tapestry of pastoralism: What connects land, movement and peoples? Watch a living tapestry be woven in real time as pastoralists share their stories and experiences.
•  Learning from pastoralism to foster resilient food systems. Explore how pastoralism can inspire resilient food systems through adaptive practices, policy reform and sustainable rangeland management.
•  Rooted in landscapes: What if restoration is already reshaping our world? Discover how restoration is doing more than repairing damage by connecting people with land and with each other.
•  Unlocking finance, investments and livelihoods in rangeland and pastoralist economies. Learn how we can finance the pastoralist economy, as panelists outline practical ways to mobilize funding.
• Mobility and transhumance: Policy pathways for sustainable pastoral systems. Understand the challenges facing mobility and seasonal human migration in East Africa and assess their implications for sustainable pastoralism.
• Data-driven regenerative grazing: Integrating remote sensing and community knowledge through AfriScout app. Explore how regenerative grazing works and how it can be advanced through digital tools and Indigenous knowledge.
•  Are the leaders we need in the room? Challenge old narratives, explore collective action and co-create a vision with leaders shaping Africa’s future.
• The International Year of Rangelands and Pastoralists on the road to UNCCD COP17. Define regional priorities ahead of the upcoming desertification COP.
• Women’s leadership for just and sustainable food systems. Learn from African women farmers and pastoralists demanding land rights and investment in sustainable agriculture.

The conference’s closing plenary “Governing a common,” will explore lessons that Africa’s rangelands and pastoralists offer to the world and how the continent can become a global leader in commons governance.

Explore the full GLF Africa agenda:

Among the leading voices to learn from and connect with are:

• Dickson Kaelo, founding CEO of Kenya Conservancies Association (KWCA)
• Ida Nganga, visionary leader at the intersection of AI, STEM and digital transformation
• Johann Saathoff, Parliamentary State Secretary, German Federal Minister for Economic Cooperation and Development (BMZ)
• Kendi Borona, Africa Lead at Nia Tero, a global financial and technical partners of Indigenous Peoples
• Toyosi Akerele-Ogunsiji, Founder of Rise Networks & Rise Interactive Studios, Africa

Discover the complete line-up of nearly 100 experts and meet 10 heroes protecting Africa’s rangelands who will speak at GLF Africa 2026.

The conference also features the Vision Earth Film Festival – Africa Lands POP-UP!, a short selection of stories on pastoralists and other communities across the continent.

ABOUT THE GLF

The Global Landscapes Forum (GLF) is the world’s largest knowledge-led platform on integrated land use, connecting people with a shared vision to create productive, profitable, equitable & resilient landscapes. It is led by the Center for International Forestry Research and World Agroforestry (CIFOR-ICRAF), in collaboration with its co-founders UNEP and the World Bank, and its charter members. Learn more at www.globallandscapesforum.org.