Ukraine's New Premier Is Preparing to Seek a Fresh IMF Program
Yuliia Svyrydenko, a 39-year-old ally of President Volodymyr Zelenskiy who became Ukraine's second female head of government last week, laid out the budget squeeze in stark terms. Global donors have so far earmarked only half of the estimated $75 billion that the war-strained budget requires over the next two years, she said.
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Yahoo
37 minutes ago
- Yahoo
Porsche Says the 911 Turbo S Is Coming Soon and the Gas-Fed Macan Will Get a Successor in 2028
In its first-half earnings call, Porsche confirmed that a new will be shown later this year with a hybrid powertrain. The electric motor in the 911 GTS T-Hybrid is good for a continuous 54 horsepower, meaning the new Turbo S could come close to 700 hp. Porsche also said a new gas-powered compact SUV will arrive by 2028 as a successor to the outgoing . Porsche launched its electric Macan SUV last fall before introducing a refreshed version of its Taycan EV—which just won Car and Driver's EV of the Year award for 2025—this summer. But Porsche isn't abandoning its lineup of gas-powered cars, and in its first-half earnings report, the German automaker made two announcements about exciting upcoming internal-combustion vehicles: the updated 911 Turbo and a future fuel-sipping SUV that will replace the outgoing gas Macan SUV. A Potentially 700-HP Turbo S Porsche has already updated the majority of the expansive 911 lineup, including inserting a new hybrid powertrain into the GTS trim. Even the track-focused GT3 received some light tweaks for 2025, leaving the Turbo and Turbo S as the only models that carried over into 2025 unchanged. But on Porsche's earnings call, CEO Oliver Blume confirmed that the new Turbo S will be revealed later this year and will pack a hybrid powertrain of its own. We expect it to be joined by a non-S model too. The hybrid powertrain should make the new Turbo S even more rapid than before. The twin-turbocharged 3.7-liter flat-six in the current Turbo produces 572 horsepower, with the Turbo S upping the ante to 640 ponies. The T-Hybrid system in the GTS added an electric turbocharger and an electric motor that injects an extra 54 hp and 110 pound-feet of torque, bringing combined output to 532 hp. This means a hybridized Turbo S could be cranking out close to 700 hp. There will, however, likely be a weight penalty of roughly 100 pounds, if the GTS is any indication. A New Compact Crossover Although the gas-powered Macan, originally introduced way back in 2015, remains on sale for the time being in the United States, it is effectively being replaced by the Macan EV. Over in Europe, the internal-combustion Macan has already been pulled off the market due to regulatory reasons. But now Porsche has confirmed that its compact SUV will have a successor with a gas engine. Back in March, Porsche said it was considering a new gas-powered SUV, and now Blume has announced that this upcoming crossover will arrive in 2028. According to Blume, it will be differentiated from the Macan EV, and we think it could introduce a new nameplate. While 2028 doesn't give Porsche too much time to develop this new model, we expect it to ride on the Premium Platform Combustion (PPC) that underpins the new 2025 Audi Q5, allowing Porsche to get the SUV to market more quickly. This wouldn't be a surprise, since the current gas Macan shares its platform with the previous-generation Q5. The new Q5 uses a 268-hp turbocharged four-cylinder, while the SQ5 uses a turbocharged 3.0-liter V-6 that makes 362 hp. Both engines could find their way into the Macan successor. In the earnings call, Blume also confirmed that electric successors to the 718 Boxster and 718 Cayman are still coming but have been delayed. They will now go on sale after the Cayenne EV, which will be revealed later this year before sales start in 2026. This means the 718 EV will likely reach dealerships in 2027. You Might Also Like Car and Driver's 10 Best Cars through the Decades How to Buy or Lease a New Car Lightning Lap Legends: Chevrolet Camaro vs. Ford Mustang!
Yahoo
an hour ago
- Yahoo
Clampdown on social media ads for Channel crossings unveiled
Anyone who advertises Channel crossings or fake passports on social media could face up to five years in prison under new government plans. Research suggests about 80% of migrants arriving to the UK by small boat used internet platforms during their journey - including to contact agents linked to smuggling gangs. While it is already illegal to assist illegal immigration, ministers hope the creation of a new offence will give police more powers and disrupt business models. Home Secretary Yvette Cooper is also planning to introduce a fast-track scheme to tackle the asylum backlog, meaning decisions will be made within weeks. It comes as official figures show more than 25,000 people have arrived on small boats so far in 2025 - a record for this point in the year. Ms Cooper said it is "immoral" for smugglers to sell false promises online, adding: "These criminals have no issue with leading migrants to life-threatening situations using brazen tactics on social media. "We are determined to do everything we can to stop them, wherever they operate." The new offence prohibiting the online promotion of Channel crossings is set to be included in the Border Security, Asylum and Immigration Bill already going through Parliament. Officials from the National Crime Agency already work with tech giants to remove such posts - with more than 8,000 taken offline last year. A Preston-based smuggler who was jailed for 17 years had posted videos of migrants thanking him for his help. Meanwhile, Albanian smugglers have created promotions for £12,000 "package deals" which claim to offer accommodation and a job in the UK on arrival. The Conservatives have described the measures as "too little, too late" - and say automatic deportations are the only way to tackle small boat crossings. Shadow home secretary Chris Philp said: "Labour still has no clear plan to deter illegal entry, no effective enforcement and no strategy to speed up removals. This is a panicked attempt to look tough after months of doing nothing." Read more UK news: It comes as protests outside hotels believed to be housing asylum seekers continue in towns and cities across the UK. Several demonstrators were detained - with police breaking up brief clashes - outside the Thistle City Barbican Hotel in north London yesterday. The government is legally required to provide accommodation and subsistence to destitute asylum seekers while their claims are being decided, most of whom are prohibited from working.
New York Times
an hour ago
- New York Times
Liverpool's Harvey Elliott needs a move. The Bundesliga may be the perfect option
This has been a difficult, uncertain summer at Liverpool. Diogo Jota's death places mundane questions about squad-planning in perspective and that will be the case for many weeks and months ahead. But questions about players' futures still intrude and, as unwelcome as they might be, they will have to be resolved. Advertisement Among them: what's next for Harvey Elliott? It's clearly on his mind, too. 'If I had it my way, I would be (at Liverpool) for the rest of my career — it's as simple as that,' he said after open training during Liverpool's summer tour in Hong Kong. 'I love everything about the club, but at the same time I kind of need to be selfish and see what's best for me. 'I have big ambitions. I want to get in the (England) World Cup squad. I want to keep being successful as a player. It's something I still need to review. I need to have a talk with everyone and review the situation. We have many new players who have come in so whether it blocks the path for me, I'm not sure.' What Elliott's options are will depend on a few factors. One is affordability: Liverpool value Elliott at around £50million ($67.7m) and are have no great desire to sell him, with his contract running until June 2027. It is a considerable sum for a player who was a peripheral player for most of last season but Elliott's stock is high following June's European Under-21 Championship, where he showed the full breadth of his talent in England's run to the trophy. He was an orchestrator, rather than the cast member he is for Liverpool, and you could well imagine Premier League clubs willing to make a substantial investment off the back of that impact. If not: how about Germany? While the price-tag may be prohibitive for many Bundesliga clubs, in the short term, at least, that route might really serve Elliott's career well. The Athletic has reported RB Leipzig's interest in Elliott this summer and whether a move materialises or not, it's easy to imagine the former Fulham youngster's form, confidence and influence flourishing within the Bundesliga, which is such a fertile environment for players of his profile. Playing time, of course, is the thrust of that argument. Advertisement He played the first half of the 4-2 pre-season defeat to AC Milan in Hong Kong this weekend but in 2024-25, Elliott accumulated just 371 Premier League minutes (two starts) for Liverpool. That was largely due to the foot injury he suffered in September 2024, keeping him out for nearly three months, but with Florian Wirtz signed over the summer, it's difficult to see Elliott becoming a consistent starter in such a strong side. But, at 22, he needs consistent selection and the Bundesliga offers that opportunity, without forcing a young player to go too far down the table or make too many compromises to find it. The chance to play matters, yes, but the circumstances under which is comes matter just as much. Instead of dropping into Premier League mid-table (or lower) to become a starter, in Germany, a player of Elliott's profile can become a pivotal figure at a top-six club, for a team where the emphasis remains on his attacking attributes: his passing, his creativity, his goalscoring, his ideas. Jobe Bellingham and his recent transfer to Borussia Dortmund offers a useful illustration. Bellingham is a more conservative player than his brother, Jude, and more system-oriented. Nevertheless, he has significant attacking attributes that, next season, will be emphasised in a Dortmund side likely to average around 60 per cent possession and to be the aggressor in most games. As a newly promoted team, it's unlikely that Sunderland could have offered that platform in the Premier League. Realistically, he would have spent more time playing against the ball and fighting relegation. He would have accumulated minutes and experience, but not on his own terms and not in a way that really accented his full worth. Wirtz is another useful reference point. When the attacking midfielder made his controversial move from Koln to Bayer Leverkusen in 2020, one of the factors behind it was not just the opportunity to play for a bigger, wealthier club, but to join a more stable team with a consistent philosophy and a coach, in Peter Bosz, who would make Wirtz central to an attacking system. Advertisement In his first full season (2020-21), at 18, he started 25 games as a No 10 for a team that averaged 57.1 per cent possession (the second-highest in the league) and finished sixth. For a teenage playmaker learning his trade, that was an enviable opportunity and doubtless vital to his education. And while Wirtz was a remarkable talent, he would not have been granted that opportunity in England for a team of equivalent standing. In Germany, even clubs in Champions League contention need to take such risks. For clubs like Leverkusen — and Dortmund, Eintracht Frankfurt and RB Leipzig — realising potential and selling for large profit is part of the business model. Leverkusen are exempt from the 50+1 rule and Leipzig artificially conform to it, but without the prospect of major external investment, all clubs, Bayern aside, have to be sellers and have to be efficient at accelerating talent. That is in the favour of high-potential players like Elliott. A player of that calibre can join a powerful club, not get stuck behind high-wage earners in their mid-to-late twenties, but then also be assured of a route upwards, towards football's summit, as and when they flourish. Interestingly, what is often seen as the Bundesliga's brand weakness — its imbalance — is a virtue in this instance. The league's broadcasting deal is not evenly split, meaning that teams promoted into the top flight do not receive vast payments and become instantly cash-rich. As an estimate, Bayern Munich earned about €103million from the Bundesliga's broadcasting contrast last season. Relegated Bochum earned just under €44m. Disparities exist in the Premier League, but not in the same way. Illustrating that, Burnley have spent around €70m this summer preparing for the top flight. In Germany, Hamburg, who are returning to the Bundesliga after seven years away, have spent €4.9m. The result is an inevitable talent gap. It favours Bayern in a way reflected by their dominance, but the other stronger clubs, too, by allowing them (and their players) to often be protagonists in games, affording their young players a series of incalculable advantages that create a flattering light. Recruitment matters. Leverkusen, Dortmund, Frankfurt and Leipzig all identify talent well and are extremely adept at moving through the market and acquiring players early. But when the players arrive, the environment favours their progression. Jadon Sancho, Jude Bellingham, Dani Olmo, Erling Haaland and Dominik Szoboszlai; all were extremely talented. However, their standing in the game and achievements within in it were all conditioned by where they played. If Bellingham had joined Tottenham Hotspur from Birmingham City, would he have been worth €100m so quickly? If Olmo had joined Chelsea from Dinamo Zagreb and subsisted on substitute appearances and loans, would he have become a Spanish international? Advertisement It's impossible to know in either case. What is clear, though, is the Bundesliga not only offers the opportunity to play, but allows players — especially attackers — to acquire a great deal of momentum in a short space of time. Omar Marmoush is a fine example. Michael Olise left Crystal Palace as an excellent player a year ago. Today, he is a world star. Most obviously, Hugo Ekitike went from being a lost boy at Paris Saint-Germain to a potential €93m Liverpool signing at Frankfurt within two years. Elliott's leap may not be that dramatic, but his data profile describes him, potentially, as a standout playmaker in Germany. He lacks an extra gear of speed, perhaps, but his progressive passing and the overall quality of his distribution make him an obvious fit for a league full of transitions and rapid attacking players who, figuratively, in the competitive sense, are running downhill and playing on their terms. As he reaches what appears to be a career crossroads, it's worth dwelling on that part of the Bundesliga sales brochure.
