Rolling coverage of the latest economic and financial news

Is the Christmas shopping period more of a whimper than a bang for Britain’s retailers?

Shopper traffic yesterday remained “stubbornly muted”, according to the latest footfall data from Sensormatic Solutions, which shows that visits were 13.1% lower than a year ago.

“After an unsettled start to the festive period - defined by shaky consumer confidence and spending hesitancy – retailers will be left feeling frustrated that footfall remains stubbornly muted, after many were pinning their hopes on a surge in store traffic yesterday.”

“With consumers leaving purchases right up to the wire, some retailers have released Boxing Day deals early to try and unlock that, so far, elusive consumer spending.”

“What we’ve seen over the past week is a combination of position squaring in thin markets, after last week’s breakdown failed to gain traction, coupled with heightened geopolitical tensions, including the US blockade on Venezuela and supported by last night’s robust GDP data.”

Film that follows a Milwaukee married couple as they rise to fame with a real-life band called Lightning and Thunder is undeniably entertaining

Here is a startlingly strange, undeniably entertaining true-life story from the heartland of American showbusiness; a lovable crowdpleaser whose feelgood flavour won’t prepare you for the way the plot repeatedly and savagely twists like an unsafe fairground ride. I actually had my eyes closed and mouth open at certain key points, and was grabbing the seat in front of me with both fists. It also may yet prove that, yes, Hugh Jackman really is the greatest showman (his role here is much more interesting than his bland impersonation of PT Barnum) and his co-star Kate Hudson brings just the same performance megawattage.

Mike and Claire Sardina, terrifically played by Jackman and Hudson, were a Milwaukee married couple with kids from previous relationships who in the 90s formed a cheesy Neil Diamond tribute act called Lightning and Thunder; they became a cult hit in their home state and even opened for Pearl Jam whose guitarist Eddie Vedder good-naturedly joined them on stage for an encore. But things were not easy for them, and this film broods on how tough it is when the lightning of ill fortune strikes more than once.

A thought-provoking examination of the literary stars who became Catholic – from Evelyn Waugh to Muriel Spark

In the five decades between 1910 and 1960, more than half a million people in England and Wales became Catholics. Among them were a clutch of literary stars: Oscar Wilde, Evelyn Waugh, Muriel Spark and Graham Greene. But there was a whole host of poets, artists and public intellectuals less known to us today, whose “going over to Rome” provoked envy and dismay.

In this thoughtful though brisk book, Melanie McDonagh, a columnist for The Tablet, gives us 16 case histories of Britons who went “Poping” during the scariest decades of the 20th century. At a time when reason and decency appeared to have been chased out by political extremism and global warfare, it was only natural to long for something solid. Writing in 1925, Greene confided to his fiancee “one does want fearfully hard for something firm and hard and certain, however uncomfortable, to catch hold of in the general flux”.

• Archer ruled out for rest of series with side strain

• Pope dropped for MCG Test with Bethell and Atkinson in

Ben Stokes has called for the public and the media to show “empathy” towards his embattled England players. It comes as their Ashes campaign threatens to fully unravel in response to a guaranteed series defeat and allegations of excessive drinking during a mid-tour break in Noosa.

Sitting 3-0 down going into the Boxing Day Test, England have been hit by reports that their downtime in between the defeats in Brisbane and Adelaide was akin to a “stag do”. The emergence of footage appearing to show Ben Duckett drunk and slurring his words on a night out has heightened things.

Police say suspect, who later died in gas explosion, was former partner of teenager’s mother

A 13-year-old British boy has reportedly been stabbed to death in Portugal.

The country’s Judicial Police said it was investigating the deaths of the teenager, who was identified by local media as a British national, and the alleged perpetrator, who police say was the former partner of his mother.

My research on social media shows high levels of misinformation and disconnect. Here’s how to talk to kith and kin this week without tears and tantrums

• Dr Kaitlyn Regehr is the programme director of digital humanities at University College London

December: a time of cultural rituals around food, gathering and taking to TikTok to bemoan bigoted relatives. Indeed, this new cultural ritual is now a social media staple that sweeps across our feeds over the festive period. We post about intergenerational debates on politics; stomaching “wokeness” jokes; and the now near-mythical “uncle” character – the older male holding court at the table – exemplified by tweets that go something like: “My uncle just went on a 10-minute rant about [insert topic]. The turkey is dry and so is his take.”

In these situations, many of us are torn between the impulse to call out harmful speech and our (or more often, our mother’s) longing for family harmony. These micro-yuletide tensions are played out at dinner tables across the country and are indicative of broader cultural and political polarisation. Polarisation is amplified by the social media-driven information silos in which we all now live.

Be proactive, not reactive. Start conversations organically, rather than in reaction to a comment or event. This will set an objective tone. Make conversations short and often, rather than one big event.

Think “big picture”. Focus the conversation on the overarching structures at play, perpetuated by the attention economy. Where possible, inspire agency around these topics by offering information about online processes and then let them do the critical thinking.

Focus on the positive. For young people in particular, focus on positive examples, role models and narratives. This is often much more powerful than talking about the negative examples. Talk to older children and teens about what they can be rather than what they can’t.

Dr Kaitlyn Regehr is programme director of digital humanities at University College London, lecturing on digital literacy and the ethical implications of social media and AI. She is also the author of Smartphone Nation: Why We’re All Addicted to Screens and What You Can Do About It

FA Cup-winning manager and former King of the Jungle has live hopes of landing the big Boxing Day prize at Kempton with Jukebox Man

He has been a professional footballer, an FA Cup-winning manager and the King of the Jungle over the storied course of the past 60 years, but as Harry Redknapp talked about The Jukebox Man, his King George VI Chase contender, at Ben Pauling’s stable last week, he was the East End kid whose nan was a bookie’s runner and would be astonished to see where life and luck have taken her grandson.

“She wouldn’t believe it,” Redknapp says, suddenly back in Poplar in the 1950s. “It’s a far cry from the East End of London, [when she was] getting slung in the back of a police van every other day for collecting the bets.

Have you followed the football, rugby, basketball, NFL, cycling, F1, tennis, horse racing, sumo, athletics and golf?

It has been a year dominated by Donald Trump. It has not yet even been 12 full months since his return to the White House in January but already the changes he has wrought – both in the US and around the world – seemed scarcely conceivable in 2024.
Katharine Viner, the Guardian’s editor-in-chief, tells Annie Kelly what it has looked like from the editor’s chair: from the deployment of the national guard on American streets, to the humiliation of Volodymyr Zelenskyy in the Oval Office, to the erosion of the rules that once governed peace and war.

In the UK, she describes a Labour government failing to tell its story and missing chance after chance to tackle the rise of Reform and the far right. ‘Politics is about timing,’ she says of the government’s notable silence over the summer, ‘and I think a lot of those opportunities were missed.’
It has not been a year without hope, from the unexpected success of leftwing figures such as Zohran Mamdani and Zack Polanski, to the Guardian’s decisive victories in court defending its reporting, in a case described as a landmark ruling for #MeToo journalism.
Support the Guardian today: theguardian.com/todayinfocuspod

• This is our last episode of 2025. Thank you to everyone who has listened and watched this year. We will return with new episodes on 5 January 2026.

Shroud-chewers, lip-smackers and suckers populate this fascinating study of ‘the unquiet dead’ across the centuries

The word “vampire” first appears in English in sensational accounts of a revenant panic in Serbia in the early 18th century. One case in 1725 concerned a recently deceased peasant farmer, Peter Blagojević, who rose from the grave, visited his wife to demand his shoes, and then murdered nine people in the night. When his body was disinterred, his mouth was found full of fresh blood. The villagers staked the corpse and then burned it. In 1745, the clergyman John Swinton published an anonymous pamphlet, The Travels of Three English Gentlemen, from Venice to Hamburgh, in which it is written: “These Vampyres are supposed to be the Bodies of deceased Persons, animated by evil Spirits, which come out of the Graves, in the Night-time, suck the Blood of many of the Living, and thereby destroy them.” And so a modern myth was born.

But it is not so modern, or exclusively European, as this extraordinary survey shows. Instead, the author, a historian and archeologist, argues that belief in the unquiet dead is found in many cultures and periods, where it can lay dormant for centuries before erupting in an “epidemic”, as in Serbia. Where there is no written source, John Blair makes persuasive use of archeological finds in which bodies are found to have been decapitated or nailed down. In 16th-century Poland, a buried woman “had a sickle placed upright across her throat and a padlock on the big toe of her left foot”. Someone, our author infers reasonably, wanted to keep these people in their coffins.

Instead of seeing etiquette as a set of categorical rules, we should recognise that poor form can actually have good consequences

Many people are out there labouring under the impression that lateness is always terribly rude. I am here to tell you this is totally wrong. There are situations when, yes, it is rude. There are situations when it basically doesn’t matter. But there are also situations when being late is actually the height of good manners and decorum.

If you are invited to dinner, especially by a person who you can sense is an inexperienced cook or host, you should endeavour to be late. By at least 10 minutes I would say. But, honestly, if your host is a 25-year-old who has sent you a message saying, “I’m going to try making this :)” and then attached a picture of an elaborate recipe with two separate kinds of molasses, then I would say half an hour is probably best.

Rachel Connolly is the author of the novel Lazy City

Portland Fire are set for their debut season in the WNBA. Their coach has completed an unlikely journey to the top of his sport

As an aspiring basketball coach in his teens and early 20s, Alex Sarama was often met with snickers when he talked about the game he loved. For the British-born Sarama, who on 28 October was named the head coach of the WNBA’s newest expansion team, the Portland Fire, people doubted him before he even put two sentences together.

“There was a lot of skepticism,” he tells the Guardian. “A lot of coaches heard the accent and they’d say straight away this Alex guy can’t coach!”

The Guardian’s editor-in-chief Katharine Viner looks back on the biggest news stories of 2025

It has been a year dominated by Donald Trump. It has not yet even been 12 full months since his return to the White House in January but already the changes he has wrought – in the US and around the world – would have seemed scarcely conceivable in 2024.

Katharine Viner, the Guardian’s editor-in-chief, tells Annie Kelly what it has looked like from the editor’s chair: from the deployment of the National Guard on American streets, to the humiliation of Volodymyr Zelenskyy in the Oval Office, to the erosion of the rules that once governed peace and war.

Life goes on in a vibrant Greater Manchester neighbourhood after a plan for an attack was thwarted

“They tried to kill us. They failed. Let’s eat,” Andrew Walters said.

It is an old Jewish joke that’s as relevant as ever in Greater Manchester in the face of today’s threats.

Jennifer Reid sang workers’ songs, Malmin plumbed gnarly Norwegian hinterlands and Quinie rode across Argyll on a horse
• The 50 best albums of 2025
• More on the best culture of 2025

Inspired by Talk Talk’s Spirit of Eden and the quivering soundscapes of early Bon Iver, Tomorrow Held is the beautiful second album by fiddler Owen Spafford and guitarist Louis Campbell, their first on Peter Gabriel’s Real World Records. Mingling traditional tunes with influences from minimalism, post-rock and jazz, they shift moods exquisitely: from the reflectiveness of 26, a track in which drumbeats echo in the distance like heartbeats, to the trip-hop-like grooves of All Your Tiny Bones and the feverish panic of the full-throttle final track, Four.

‘Explosive device’ was triggered when police approached a suspicious person, say officials

Two traffic police officers and a third person have been killed in a car explosion in Moscow, Russia’s investigative committee has said

The committee, which investigates major crimes, said in a statement on Wednesday “an explosive device was triggered” when the officers approached a “suspicious person” near their police vehicle on Yeletskaya Street in the south of the capital.

He stole our hearts in The Celebrity Traitors – then it all went wrong. The actor and comedian opens up

When I catch up with Nick Mohammed, he is on the set of War, a new HBO series. Full of legal eagles, tech-bro hot shots and ugly divorces, it’s a punchy, slick enterprise, nothing at all like The Celebrity Traitors – except for the high drama, unbearable tension and the fact that Mohammed is reunited with Celia Imrie. Traitors was filmed in April and May and this started in September, so they both knew exactly what had happened in the castle, but were still in their chamber of deadly secrecy. Mainly, Mohammed was happy just to kick about with Imrie again. “She’s wonderful,” he says. “Everything you think she might be, she absolutely is – she’s just brilliant.”

Which brings us to the root of the problem, the answer to the question: “What the hell happened, Nick?” Spoiler alert: we intend to talk about exactly what went down in the most infuriating Traitors final since, well, the last non-celebrity Traitors. If Joe Marler had had his way, he and Nick would have sauntered to victory, Alan Carr’s magisterial fibbing finally unmasked. Instead, Nick’s niggling doubts brought down the ship.

Going into 2026, the economy has little forward momentum. And there’s the issue that things may get worse before they get better

Seaweed has become a key cash crop as climate change and industrial trawling test the resilient culture of the semi-nomadic Vezo people

Along Madagascar’s south-west coast, the Vezo people, who have fished the Mozambique Channel for countless generations, are defined by a way of life sustained by the sea. Yet climate change and industrial exploitation are pushing this ocean-based culture to its limits.

Coastal villages around Toliara, a city in southern Madagascar, host tens of thousands of the semi-nomadic Vezo people, who make a living from small-scale fishing on the ocean. For centuries, they have launched pirogues, small boats carved from single tree trunks, every day into the turquoise shallows to catch tuna, barracuda and grouper.

A boat near lines of seaweed, which has become a main source of income for Ambatomilo village as warmer seas, bleached reefs and erratic weather accelerate the decline of local fish populations

Reports that Stanislav Orlov was killed by Moscow security services highlights careful managing of non-state power

Beneath the frescoed ceilings and golden icons of Moscow’s Cathedral of Christ the Saviour, hundreds of men packed tightly into the lower hall as priests intoned prayers for the dead. Dressed in dark winter jackets, the mourners on Monday filled one of Russia’s most sacred spaces – a church usually reserved for moments of state ritual and national commemoration. Later, near his grave, the crowd lit bright flares and shouted: “One for all, and all for one.”

They had gathered to bid farewell to Stanislav Orlov, better known by his callsign “Spaniard”, the founder of the far-right Española unit – a formation of football hooligans and neo-Nazi volunteers who fought as a paramilitary force on Russia’s side in Ukraine.

With the far-right party ahead in the polls, I discovered that a novel set during the rise of the Nazis provides a timely warning

In 1932, the Berlin-born writer Gabriele Tergit set out to memorialise what she saw as a disappearing world: the lives and fates of the city’s Jews. By 1945, after fleeing the Nazis first to Czechoslovakia, then Palestine, then Britain, Tergit had finished her novel, but it took until 1951 for The Effingers to be published. Even then, only a few German booksellers wanted it in their shops. It was too strange a piece of work for a German public that had watched, if not participated, in the Holocaust.

Though overlooked at the time, it has been rediscovered as a classic in Germany, and has now been published in English for the first time. It is a chronicle of three affluent Jewish families in Berlin between 1878 and 1942, with an epilogue set in 1948, based on Tergit’s return visit to her destroyed city. Tergit understood how dangerous the Nazis were. She was a court reporter and covered Adolf Hitler and Joseph Goebbels on trial in the 1920s – this also made her a target, and she fled Berlin after narrowly escaping an SA (“Brownshirts”) raid in March 1933.

Tania Roettger is a journalist based in Berlin

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From the Super Bowl to UFC cards to the US Open to the Ryder Cup, the US president has turned sport into his own personal stage. There’s more to come

Considering he’s the self-declared hardest working president to ever hold the office, Donald Trump has spent a remarkable amount of the past year on down time. In 2025, he loomed over sports like no American politician before him, his visits to stadiums and arenas and golf courses and race tracks so frequent they began to feel like part of the job. But if Trump’s presence on the sporting scene has seemed hard to escape, gird yourselves for 2026, when the American presidency no longer merely intersects with sport but threatens to subsume it. The World Cup is on the way, the Olympics are right behind it, a UFC card is coming to the White House lawn (not a joke) and the commander-in-chief’s well-documented fondness for jumbotrons is becoming less of a habit than a dependency.

Trump’s grand tour sportif began less than three weeks after his second inauguration, when he become the first sitting president to attend the Super Bowl. One week later he was at the Daytona 500, where Air Force One buzzed the speedway on arrival before his armored limousine, “The Beast”, paced the field for a couple of ceremonial laps.

It was 2020, and I hired a gazebo and heaters so we could have a festive feast with my mum in the garden. What could possibly go wrong?

We called it “diffmas”, because it was going to be a different kind of Christmas. Our son was five, so we were trying to package it appealingly for him. But we might have done that anyway, given the kind of year we’d had – and by “we” I don’t just mean my family, I mean the world.

It was 2020. When the then prime minister, Boris Johnson, had announced, in March, that we “must stay at home”, it left my mum, who had lived on her own since my dad died in 2012, completely alone, like many people, for months on end. Her work had involved travelling all over the country, having meetings, organising events, networking. Then, in lockdown, everything stopped. She was Zooming with the best of them, but it was clearly extremely difficult.

In Portishead, a dusty box of forgotten files led Jo Smith and her team to a criminal who had escaped justice for more than half a century. This was the longest-running cold case to be solved in the UK, and possibly the world

In June 2023, Jo Smith, a major crime review officer for Avon and Somerset police, was asked by her sergeant to “take a look at the Louisa Dunne case”. Louisa Dunne was a 75-year-old woman who had been raped and murdered in her Bristol home in June 1967. She was a mother of two, a grandmother, a woman whose first husband had been a leading trade unionist, and whose home had once been a hub of political activity. By 1967, she was living alone, twice widowed but still a well-known figure in her Easton neighbourhood.

There were no witnesses to her murder, and the police investigation unearthed little to go on apart from a palm print on a rear window. Police knocked on 8,000 doors and took 19,000 palm prints, but no match was found. The case stayed unsolved.