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Open For Business: Sales include $1.2M Bemus Point restaurant
A popular restaurant in Bemus Point has been sold and is now an Italian restaurant. The Post-Journal and OBSERVER have been analyzing real estate sales in Chautauqua County and recently looked at the transactions from April 27-30. The county does not provide transaction information, but real estate documents are available for review at the clerk’s […]
Entertainment: Hop Over To Bastille Days
Plus: Don't miss Festa Italiana on the lakefront.
What must Fery do to become Wimbledon semi-finalist?
Arthur Fery is bidding to become the fifth British man to reach the Wimbledon semi-finals in the Open era - here is how he can beat Italian 10th seed Flavio Cobolli.
Gossip: Hull target Milinkovic-Savic
Hull City want to sign Napoli and Serbia goalkeeper Vanja Milinkovic-Savic, 29, as they prepare for their Premier League return. (Corriere dello Sport - in Italian)
‘All kinds of weird’: novelty store to open in midtown Sacramento
Ginger & Raven will operate on 1731 L St. selling novelty and accessory items such as keychains, compacts and Italian charm bracelets.
Maresca controversy grows as Manchester City and Chelsea trade statements
Manchester City have issued a counter-statement to Chelsea, as the controversy continues to grow over how and when they approached Italian Enzo Maresca, prompting a €20m compensation package.It was ...
LVMH and Accor's Orient Express sets its sights on new tech billionaire class
Shuttling across the French and Italian Riviera, Orient Express's first giant yacht aims to attract a new class of billionaire.
York County restaurants scrambling for bread after bakery's closure
Terranetti's Italian Bakery in the Mechanicsburg area closed suddenly after 54 years, leaving York County restaurants scrambling for bread.
Saipem to sell Saudi shallow-water drilling business to ADES for $285 mln
Italian energy contractor Saipem has agreed to sell its shallow-water offshore drilling business in Saudi Arabia in a deal worth $285 million, the company said on Wednesday.
I ordered the same meal at Olive Garden and Carrabba's; clear winner
I compared bread, salads, entrées, and desserts from Olive Garden and Carrabba's to see which Italian-American chain had the better dishes and deals.
Why Inter can deal for Marco Palestra next week
Serie A side Inter have been working towards the signature of Atalanta’s Marco Palestra for weeks now. After multiple hitches and push-backs, they are nearing the closure of the move.Get Italian Foo...
Rossini opera next up at Winter Harbor Music Festival
One of the most beloved operas of the bel canto repertoire, Gioachino Rossini’s “L’italiana in Algeri” (Italian Girl in Algiers), will be the first opera presented in the Winter Harbor
In the World Cup’s missing country, failure sparks bitter political battle - Live Updates
Giorgia Meloni’s government is keen to extend control over Italian football as fans mourn a third consecutive World Cup debacle.
Trump deepens the dustup with Italy's Meloni, who says his 'unprovoked attacks are senseless'
President Donald Trump on Saturday lashed out at Italian Prime Minister Giorgia Meloni, insisting that she asked “over and over” for a photo with him at the recent Group of Seven summit and criticizing what he said was Italy’s lack of cooperation during the Iran war.
Roma reject Premier League approaches for wing-back Wesley
Serie A side Roma saw Wesley impress in the 2025/26 campaign and the wing-back is already attracting interest from clubs in England.This isn’t new for the Brazilian, who picked up an injury two week...
Trump deepens the dustup with Italy's Meloni over a disputed photo from the G7 summit
President Donald Trump is lashing out at Italian Prime Minister Giorgia Meloni once more
Italian PM Meloni slams President Trump over photo claims: ‘Neither I nor Italy ever beg’
Italy’s prime minister says Trump made up a story about her supposedly begging him for something. She wouldn’t be the first
After an Italian media outlet reported that President Donald Trump said Prime Minister Giorgia Meloni had “begged” him for a photo at the G7 summit this week, Meloni quickly posted a response on social media. Trump, she said, had “completely fabricated” the story, and she was “shocked.”
A growing number of foreign leaders have had it with Trump
Italian Prime Minister Giorgia Meloni could have denied Trump’s claim that she begged him to take a photo together, and left it at that.
Italy's Meloni pushes back on Trump's 'fabricated' claim as top diplomat cancels U.S. trip
ROME (AP) — The Italian government closed ranks on Friday to slam U.S. President Donald Trump over his claim that Premier Giorgia Meloni had “begged” for a photo with him during the recent G7 summit, a pushback that suggested the longtime U.S. ally had had enough of Trump’s boasting. Italian Foreign Minister Antonio Tajani abruptly cancelled a planned trip to the United States this weekend, calling Trump’s claims “serious and offensive” toward Meloni and all
Trump-Meloni spat grows over claim Italian PM 'begged' for photo: 'astonished'
Giorgia Meloni fires back at Trump after he claimed she "begged" for a photo, calling his statements "completely made up" following the G7 summit.
Italian foreign minister cancels trip to US over Trump’s comments about Meloni
US President Donald Trump’s comments to an Italian media outlet about the country’s Prime Minister Giorgia Meloni have sparked a fresh diplomatic incident.
Far-right general upends Italian politics
Ahead of next year’s election, Meloni has to decide whether to embrace firebrand ex-paratrooper Roberto Vannacci.
In the World Cup’s missing country, failure sparks bitter political battle
Giorgia Meloni’s government is keen to extend control over Italian football as fans mourn a third consecutive World Cup debacle.
'Clarke to drop Shankland for Christie or McLean'
If we rewind 36 years to 16 June 1990 and the Italian city of Genoa, Stuart McCall was busy scoring to help Scotland secure a 2-1 win over Sweden. The former midfielder jokes that he "was always deadly from a yard out" and ultimately that victory wasn't enough to ensure Scotland progressed to the knock-out stage, but up until this weekend, it was their last win at a World Cup finals. Now the 62 year-old is assistant to Paul Heckingbottom at Preston North End, but he's also enjoying absorbing all the action from the United States, Canada and Mexico.
A new chapter begins for Football Italia
Football Italia is proud to announce the launch of a brand-new YouTube project that brings you even closer to the biggest stories in Italian football.As part of our expanded coverage of Serie A and th...
Energy shocks push Italian businesses to decarbonise
Companies are pressing ahead with emissions cuts to boost efficiency and competitiveness
Italy’s Meloni faces a far-right dilemma as 'Il Generale' Vannacci rises
Roberto Vannacci, a former Italian army general, is shaking up Italy’s political scene with his new party, Futuro Nazionale
Italy's Meloni faces a challenge from the right for the first time
Roberto Vannacci, a former Italian army general, is shaking up Italy's political scene with his new party, Futuro Nazionale.
Italy’s Meloni faces a far-right dilemma as 'Il Generale' Vannacci rises
Roberto Vannacci, a former Italian army general, is shaking up Italy's political scene with his new party, Futuro Nazionale | KNX News 1070 AM
Italy Politics
EU Parliament member and former Italian army general Roberto Vannacci addresses the audience as he concludes the two-day founding congress of his far-right party, Futuro Nazionale (National Future) in Rome,
Specials and Entertainment Await at Campi
Head down to The Ray Hotel Delray Beach to try out this chic Italian spot.
Is There Any Room for Politics in Judicial Impeachment? The Moliné O’Connor Case in the Inter-American System of Human Rights
--Emiliano Vitaliani, Fox Fellow, University of São Paulo; LL.M., Yale Law School The Inter-American Court of Human Rights (ICtHR) is currently consid
The role of peer review
Modern peer review safeguards scientific quality yet is increasingly shaped by incentives, political priorities and funding challenges.
Gossip: Brighton reject second Spurs bid for Van Hecke
Brighton have rejected a second bid from Tottenham for Netherlands centre-back Jan Paul van Hecke, 25. Talksport) Meanwhile, Spurs' Guglielmo Vicario has emerged as the frontrunner as Juventus look to sign a new goalkeeper. (Gazzetta dello Sport - in Italian)
U.S. Investors Target Wrexham-Style Turnaround with Italian Soccer Club
The deal is expected to close this month.
NASA to wear Prada as luxury group pushes into space industry
Italian fashion house Prada 1913.F unveiled on Sunday the inner-layer garment set to be worn by NASA astronauts heading into space, underscoring the brand's push to be the first major luxury player to make inroads in the space industry.
Dua Lipa and Callum Turner throw a big Italian wedding
Rome (CNN) — On a warm Saturday night in the heart of Sicily’s capital, hundreds of guests piled into the Villa Valguarnera to celebrate the wedding of pop star Dua
That's amore! Dua Lipa and Callum Turner host second wedding ceremony at luxurious Italian villa
Dua Lipa and Callum Turner have tied the knot — again. The musician and actor are celebrating their marriage with a second ceremony after making things official in London on May 31.
We moved to Italy for citizenship. Then Italy changed the rules.
An American family had originally qualified to become Italian citizens and moved to Turin to speed up the process. Then, the government changed the law.
Newport Italianfest return's to city's Festival Park June 11-14 with full slate of food, fun and family entertainment
One of Northern Kentucky’s most anticipated summer traditions will return to Newport Festival Park from June 11-14, as Newport Italianfest takes kicks off four days of Italian food, live entertainment and family-friendly activities to the riverfront. Located along Riverboat Row between the Purple People Bridge and the Taylor-Southgate Bridge, Italianfest attracts more than 120,000 visitors...
Liverpool Transfer Talk Grows After Chiesa Comments on Midfielder
Liverpool Transfer Talk: Chiesa Offers Insight on Jones and AlissonFederico Chiesa has added another layer to what already feels like a summer of considerable change at Liverpool, with the Italian for...
Science news this week: Ötzi the Iceman used to make sourdough, Italian teenagers discover Roman villa under school, Google plans to release 64 million mosquitos, and RIP to NASA's Maven probe
June 6, 2026: Our weekly roundup of the latest science in the news, as well as a few fascinating articles to keep you entertained over the weekend
Festa Italiana brings packed entertainment lineup to Lodi
Festa Italiana returns to Lodi for its 12th year on Sunday. Here's what to know before you go.
Huntsman Sells its Italian Based Automotive Aftermarket Business
/PRNewswire/ -- Huntsman Corporation (NYSE: HUN) announced today that it has sold Huntsman Gomet, a business located in Azeglio, Italy, to Trelleborg Group for...
Rising Serb star Stankovic returns to Inter Milan
Serbian international Aleksandar Stankovic will return to Italian champions Inter Milan, the Serie A club confirmed on Friday.Inter Milan said they had "exercised the buyback clause" to re-sign Stankovic from Club Brugge after just one season.
Chelsea consider €30m deal for Juventus defender Cambiaso
Chelsea are considering a move to sign Andrea Cambiaso from Juventus after the Italian side missed out on Champions League qualification.Juventus are planning sales this summer after a sixth-place fin...
Italian teenagers discover 1,800-year-old Roman luxury house underneath their high school gym
After being notified by mischievous high school students, archaeologists uncovered a large and luxurious second-century Roman house near the Colosseum.
AC Milan’s Alessandro Longoni set to join PSG
Paris Saint-Germain are reportedly on the verge of finalising the signing of young Italian goalkeeper Alessandro Longoni (18), according to L’Équipe.A member of AC Milan’s reserve team and an Ita...
Hojlund release clause revealed following Man United departure
Rasmus Hojlund has completed a permanent move to Napoli from Manchester United, and Italian sources report that an €85m release clause for the Dane will be available from next summer.Napoli confirme...
Cobolli sets up all-Italian French Open semi-final
Flavio Cobolli battles past Felix Auger-Aliassime to reach his first major semi-final and ensure an Italian will play in Sunday's French Open showpiece.
Inside Hotel Du Pont, Italian Renaissance Gilded Age hotel in Delaware
Take a closer look at the grandeur of Hotel Du Pont, a luxury, century-old hotel filled with Gilded Age-style furnishings.
Chelsea, Inter interested in Italian fullback tracked by Barcelona
After the high-profile signing of Anthony Gordon, Barcelona will be keen on shoring up their ranks in defence as well.The club have been linked with quite a few options, particularly in the fullback a...
Aston Villa and Brighton enquire about Roma’s Matias Soule
Serie A side Roma have to make key sales before the end of June and Matias Soule is one of the candidates who can leave the club. The attacking midfielder didn’t quite make an impact in the second ...
Bologna announce Tedesco as new coach, replacing Italiano
Serie A side Bologna announced on Tuesday Domenico Tedesco would take over as coach to replace Vincenzo Italiano, who left last week."Bologna announces that it has appointed Domenico Tedesco as first team technical director," the club said in a statement, adding the coach had signed a two-year contract with an option for a further year.
Festa Italiana at Zona Rosa draws thousands and helps Kansas City small businesses
From frozen yogurt and caramel apples to boutique shopping and live entertainment, Festa Italiana brought big crowds to Zona Rosa this weekend. Vendors say the festival is one of the best opportunities of the year to reach new customers.
Venezia talent Hainaut attracting €10m Rennes proposal
Rennes are reportedly lining up a €10m offer for versatile Venezia right-back Antoine Hainaut, who just helped the club to promotion into Serie A.The 24-year-old came to Italian football from US Bou...
MotoGP Italian GP: Marco Bezzecchi leads emotional Aprilia 1-2
Bezzecchi extended his MotoGP championship lead after heading an Aprilia 1-2 ahead of title rival Martin at home Mugello race
Pope Leo XIV's Fashion Designer Celebrates 25 Years in Business
The Italian creative also has an artisanal perfume company and performs as an organist.
FRIENDLY WINS FOR ESTUPIÑAN AND GIMENEZ
Pervis Estupiñan and Santiago Gimenez were in action overnight (Italian time), taking part in two friendlies ahead of the upcoming World Cup. The Ecuador team, which features our number two, who play...
Jony Ive’s Apple Car is finally here. It’s a Ferrari. Nobody likes it
The Italian carmaker unveiled its first EV supercar to widespread, AI-slop-fueled scorn.
I quit job in NYC to move abroad; why living in Italy is right choice
I left my career as a culture writer in NYC behind to study Italian in Florence, Italy. The transition abroad was hard, but it's forced me to grow.
Italian Police Uncover Dead Mob Boss’s $230 Million Business Empire
When Matteo Messina Denaro died in 2023, many of his secrets died with him. That began to change with a tip about a wealthy Sicilian woman’s significant assets in a tiny European principality.
Ukrainians say Italian tank gun hit house 120 football fields away
The gunner of the Italian B1 Centauro said the tank gun, fired like artillery, had struck the building nearly seven miles away.
Conte to leave Napoli a year after winning Serie A
Napoli manager Antonio Conte announces he will leave the Italian club this summer, 12 months after winning Serie A.
🚨 Official: Antonio Conte and Napoli, it's over!
Back on the national team bench?It had been in the works for several days, and it is now official: Antonio Conte is leaving Napoli at the end of the 2025-2026 season!The Italian coach and the club pre...
Lazio Make Contact With Gattuso Who’s on Three-Man Shortlist
Lazio have reportedly opened a dialogue with Gennaro Gattuso, who is unattached after leaving the Italian national team.Maurizio Sarri Set to Leave LazioAfter Saturday’s final-day win over Pisa, Mau...
Manchester United ‘best placed’ to sign AC Milan winger
Manchester United are ‘best placed’ to sign Rafael Leao from AC Milan with the Italian side open to his sale this summer.Milan are understood to be ready to consider proposals of around €50m (£...
Old City Pizza to open at Pearl Street Grill & Brewery May 29
Old City Pizza offers 10 varieties of Neapolitan-style pizzas, homemade pasta dishes, meatballs, authentic Italian sandwiches and salads, and more.
Italian cities to see + skip, from someone who's been to every region
As a frequent visitor who's been to all 20 regions of Italy, there are cities I'd recommend and others I'd skip. My favorites include Rome and Bari.
Beloved Italian restaurant in Mass. closing after almost 100 years in business
[This story first appeared on Boston Restaurant Talk.] A longtime Italian restaurant in the western suburbs of Boston that appeared to be closing around the start of the pandemic only to remain open is now closing for real. According to a source, Carbone’s Restaurant in Hopkinton is shutting down, with a MassLive article mentioning that the Cedar Street dining spot…
Stellantis launches $70 billion business plan to 2030 including 60 new models
AUBURN HILLS, Michigan, May 21 () - Stellantis set out a new 60 billion euro ($70 billion) business plan on Thursday that includes 60 new car models by 2030 - from combustion engine to fully electric vehicles - new investments in technology, joint ventures with other carmakers and better use of its manufacturing capacity. The Franco-Italian carmaker said it would also refocus its sprawling 14-brand portfolio, with 70% of brand and product investments going to Jeep, Ram, Peugeot and Fiat, a
Enzo Maresca working on transfer, pre-season plans ahead of Manchester City job
The Italian has already been collaborating closely with sporting director Hugo Viana for pre-season, the new campaign and beyond.
Italy India Politics
Italian Premier Giorgia Meloni, right, and India's Prime Minister Narendra Modi shake hands in front of cameras after planting a mulberry tree donated by Modi in the gardens of Villa
Italy India Politics
Italian Premier Giorgia Meloni, right, welcomes India's Prime Minister Narendra Modi upon his arrival at Villa Pamphilii in Rome for talks,Wednesday, May 20, 2026. (AP Photo/Gregorio Borgia)
Italy India Politics
Italian Premier Giorgia Meloni waits for India's Prime Minister Narendra Modil at Villa Pamphilii in Rome for talks,Wednesday, May 20, 2026. (AP Photo/Gregorio Borgia)
'The system is likely to reach a breaking point': Major Italian volcano is speeding toward a transition, and a major eruption could be on the way
Campi Flegrei, a volcanic caldera near Naples, is speeding toward a transition, a new study suggests, but there are still a lot of questions as to whether it will erupt in the near future.
Zegna chair says Middle East business situation is improving
Italian luxury menswear group Ermenegildo Zegna has registered an upturn in Middle East business in recent weeks after disruption caused by the Iran conflict and expects the recovery to be complete after the summer, its executive chairman said.
Conte set for showdown talks with Napoli within 10 days
Napoli are in a hurry to know Antonio Conte’s plans for the future and according to Gazzetta, the Italian tactician will meet with club owner Aurelio De Laurentiis and director Giovanni Manna within...
Svitolina upsets Gauff to win Italian Open thriller
Ukraine's Elina Svitolina battles to a third Italian Open title courtesy of a thrilling three-set win against Coco Gauff in the final.
New Business: Campo Enoteca to expand to Nashua; Yamas Greek Eatery opens in Concord
Eric Maxwell bought Campo Enoteca, a farm-to-table Italian restaurant on Elm Street in Manchester, three years ago with the idea he would eventually expand.
Official: ‘Proud’ Italy starlet Inacio signs new Borussia Dortmund deal
Italian wonderkid Samuele Inacio has signed a contract extension with Borussia Dortmund until June 2029, just days after scoring his first senior goal with the Bundesliga side: ‘I want to celebrate ...
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
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Global Health & WASH: May 2026 Funding Opportunities (14 new opportunities!)
The May update for Global Health & WASH brings new calls that cluster around three distinct shifts: LMIC research leadership moving from funder encouragement into a hard eligibility constraint, pharmaceutical and corporate-linked funders running structurally independent education and use-inspired research portfolios at substantial scale, and AI adoption shifting decisively from speculative tool to operational capability across health and WASH systems alike. In LMIC Research Leadership as Eligibility, Not Encouragement, Wellcome anchors the dominant signal of the month with three separate major calls that all require or strongly center LMIC leadership in their basic eligibility architecture. Wellcome’s ESIC Hubs (£1.5-£1.9M per hub over 3-5 years) explicitly requires an LMIC-based lead applicant, treating Global South leadership as a design constraint rather than a participation goal. Wellcome’s Infectious Disease Clinical Trial Development Award funds transdisciplinary teams whose lead must be a mid-career or established researcher based at an organization in Africa, South Asia, or Southeast Asia. Wellcome’s larger Infectious Disease Clinical Trial Award (£1M-£8M for optimizing licensed interventions) requires the administering organization to be in eligible LMIC regions and at least 50% of applicants based there. Around Wellcome, the same pattern shows up at smaller scale and across funders: CHINNOVA channels $1M into West and Central African research institutions for climate-health work; IBRO’s Neuroscience Training Grants explicitly tier ceilings by region of residence with Africa receiving the highest amount ($5,000); IHME’s GBD Emerging Researcher Award reserves at least one of its two annual awards for an LMIC researcher; Sidaction’s HIV Cure call funds research teams across France, the Netherlands, and eligible African countries with a minimum two-country collaboration requirement. Taken together, these calls signal a meaningful shift in how research equity is being operationalized — not as encouragement language at the bottom of a call, but as a structural feature of who can lead, where the work must be administered, and what proportion of the team must be regionally rooted. In Pharma-Funded Independent Medical Education and Use-Inspired Research, the lineup this month is unusually deep. Pfizer alone runs four parallel calls under independent education and quality improvement frameworks: a Migraine and Women’s Health RFP (200K x 2-year, $500K pool), Migraine IME ($200K, $1M pool), JAK Inhibitor evidence-based education ($100K), and Maternal Vaccination HCP Education in Saudi Arabia ($75K), plus a separate Pediatric Pneumococcal Surveillance research call in Saudi Arabia ($400K per project). Novo Nordisk Foundation runs four parallel calls of its own at substantial scale: Infectious Diseases Catalyst Grants (DKK 60M pool, up to DKK 7M collaborative), Non-Diabetic Endocrinology Collaborative Grants (DKK 53M pool, DKK 5-10M per project), Pioneer Innovator Grant Health (DKK 1.1M), and Distinguished Innovator Grant Health (DKK 6.8M). LEO Foundation deploys DKK 2-4M per project for dermatology research excellence. Pfizer’s framing across calls deliberately separates the funding from product promotion, emphasizing measurable practice-relevant change and structural distance between scientific outputs and commercial activity. Novo Nordisk’s “use-inspired” hard filter pushes researchers toward a credible translation pathway from mechanism to deployable tool. The pattern: industry-aligned funders are running structurally independent portfolios at meaningful $ that fund implementation evidence, not promotion. In AI as Operational Capability, Not Speculation, several calls this month explicitly treat AI adoption as a near-term operational question with real evidence and governance requirements, rather than a speculative trend to be watched. Wellcome’s ESIC Hubs frames AI as “the accelerator” for evidence synthesis, asking hubs to translate technical innovation into adoption-ready workflows that can match real-world policy timelines. UNICEF Venture Fund’s new Climate Tech for Children’s Health call funds for-profit startups deploying AI, machine learning, and blockchain in low-resource environments, with a strict requirement that solutions must already have a working prototype with promising pilot results. The Water Research Foundation has launched two simultaneous AI calls treating reproducibility, cybersecurity guardrails, and human-in-the-loop deployments as core design constraints rather than nice-to-haves: one on GenAI and Agentic AI in water utilities ($200K), one on alternatives to water shutoffs that explicitly screens for implementation economics evidence. Nordic Innovation’s quantum technology call (NOK 4.5M) extends the same logic into life science and healthcare, demanding consortium-stage projects mature enough to test with real users. TEF-Health offers €300K in subsidized testing infrastructure for European healthcare AI and robotics SMEs. The pattern: funders are converting AI pilots into playbooks, requiring transfer evidence and risk controls before AI can move from experimentation to sector-wide operational practice. For LMIC-based researchers in infectious disease or evidence synthesis, the three Wellcome calls together represent the deepest concentration of LMIC-led research capital in recent memory — pair the Infectious Disease Clinical Trial Development Award (£200K, deadline May 19) as a strategic pipeline feeder into the larger Infectious Disease Clinical Trial Award (£1-£8M, deadline June 2), since the development award functions explicitly as a track into the larger trial scheme. For Nordic researchers, the four Novo Nordisk Foundation calls plus LEO Foundation and Nordic Innovation Quantum represent ~$30M in regional research capital this cycle, all with deadlines clustered in May-August. For WASH practitioners, the three Water Research Foundation calls together (each up to $200K) are a cluster worth reading across — one on AI deployment, one on shutoff alternatives, one rewarding applied innovation — and the strongest applicants will articulate how their work bridges utility operations to policy-relevant evidence. For US-based clinical researchers and educators, the four Pfizer calls plus the APF Portfolio’s 80+ programs form an unusually accessible recurring pipeline; APF’s prohibition on indirect costs is a meaningful structural feature for early-career applicants whose institutions might otherwise absorb significant overhead. Snapshot of New Opportunities Total Estimated Funding Pool: $100 Million+ USD The grants are organized into three categories: Open Calls: Current grant and opportunities with a deadline. Grants are listed by closing date. 39 open opportunities- 14 new! Rolling Applications: current grant and opportunities with rolling applications (but it’s still best to submit as early as possible). 14 rolling opportunities- 1 new opportunity! Long term planning: Grants that have closed their current rounds, but are expected to open new windows. 4 long term opportunities! A quick tip for returning readers: if you want to jump straight to the newest additions, use CTRL F to search for “New!” and navigate quickly to the latest funding opportunities This post is for paid subscribers. This helps support the time and effort it takes to curate and organize these opportunities. Subscribe To keep this accessible to everyone who needs it, we’re happy to offer pay what you can rates. You can find more details here. Open Calls: Migraine Competitive Grant Program: Migraine and Women’s Health (Quality Improvement and/or Research RFP), Pfizer.*Closing soon!* Pfizer, in collaboration with the American Headache Society, is seeking independent quality improvement and research projects that close persistent gaps in migraine care for women across the United States. The funding logic centers on measurable, practice-relevant change: proposals should generate actionable evidence, tools, or system improvements that can be shared and used widely, not just within a single site. Priority areas span menstrual migraine and screening in women’s health settings, the role of hormonal fluctuations across the lifespan, sex-specific risk factors, comorbidities and quality-of-life burden, and disparities in outcomes by race, ethnicity, and socioeconomic status. The call is structured as a two-step competitive process with an initial Letter of Intent, with the strongest concepts expected to translate scientific insight into implementable improvements in diagnosis, management, and equity. Geographies: United States. Who can apply: U.S.-based organizations (not individuals), including professional schools, healthcare institutions, professional organizations, and other entities focused on healthcare improvement. Funding amount: Up to USD $200,000 total over 2 years; total pool USD $500,000. Targeted Sectors / SDGs: Health; Focus areas: migraine, women’s health, quality improvement, clinical research, menstrual migraine, health disparities. Deadline: LOI: May 5, 2026; Full proposal (by invitation): August 28, 2026. Learn more and apply here. This RFP rewards “shareable impact”: the most competitive submissions will pair rigorous methods with a clear plan for system uptake and dissemination beyond the originating institution. ReSSARC: Strengthening the Health Sector and Food Security in the Central African Republic (AID 013381/01/0) Call for Proposals, Italian Agency for Development Cooperation (AICS). *Closing soon!* AICS is seeking a limited set of high-capacity humanitarian partners to deliver an integrated package that stabilizes essential health services while reducing acute malnutrition and strengthening food security resilience in priority areas of the Central African Republic. The funder’s logic is explicitly nexus-based: proposals should meet urgent, life-saving needs while reinforcing local systems, coordination mechanisms, and community-level capacity so results persist beyond the emergency window. AICS emphasizes inclusion and protection outcomes, expecting gender-sensitive design and explicit measures for groups facing compounded vulnerability, including women, children under five, internally displaced people, and people with disabilities. The call also signals a localization pathway, encouraging stronger collaboration with national NGOs and balanced partnerships, alongside clear coordination with existing cluster and humanitarian actors to minimize duplication and improve coverage. Geographies: Central African Republic (Bangui, Ombella-Mpoko, Ouham, Ouham-Pende, Lim-Pende, Lobaye). Who can apply: Non-profit organizations registered with AICS, plus eligible non-profits without an office in Italy that have a pre-existing collaboration agreement with an AICS-listed organization. Funding amount: Total pool EUR €1,800,000; max EUR €800,000 (single applicant) or EUR €1,000,000 (ATS). Targeted Sectors / SDGs: Health; Focus areas: malnutrition prevention and treatment, maternal and child health, community health services, food security and resilience, localization partnerships Deadline: May 5, 2026. Learn more and apply here. This call is structured to reward partners who can link frontline service delivery to system durability and localization, not just short-term coverage gains. Contracts for Innovation in drug and alcohol addiction healthcare, Innovate UK. *Closing soon!* Innovate UK, on behalf of the Office for Life Sciences Addiction Healthcare Goals program, is procuring R&D to accelerate innovations that can improve treatment outcomes, strengthen recovery, and reduce harm and deaths linked to drug and alcohol addiction. The competition is positioned as a market-facing readiness push: selected projects are expected to advance solutions toward later-stage validation, generate evidence of user acceptability and UK market fit, and map credible routes through regulatory and certification requirements. Innovate UK signals a preference for innovations that can be field-tested in relevant UK settings and progressed to TRL 6 or 7, with practical plans for commercialization after contract completion. This structure favors applicants that can execute most work in-house, co-develop with service providers and people with lived experience, and translate technical progress into deployable tools for addiction healthcare delivery. Geographies: United Kingdom. Who can apply: Single organizations of any size (including EU, EEA, or international) leading delivery, with most work and key deliverables carried out in the UK; subcontractors for specialist skills only. Funding amount: GBP £200,000–1.5 million per project (inclusive of VAT); Total pool: GBP £20 million (across two strands). Targeted Sectors / SDGs: Health; Focus areas: Mental Health, Health Systems Strengthening, Research & Development, Technology Access. Deadline: May 6, 2026 (11:00am). Learn more and apply here. This call uses procurement to pull near-market addiction innovations toward operational proof and adoption pathways in UK services.
Mercedes' Kimi Antonelli wins Miami Grand Prix
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