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Saturday, May 9, 2026 · Ireland · Published by CPT-RI
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The European Central Bank’s periodic Governing Council decisions notice, published on 4 May, covers non-rate decisions taken between 20 March and 24 April. Three are material for banks and payment-system participants: a simplification of how excess reserves are remunerated; a package of digital-euro and pan-European payments approvals; and a €6.2 million supervisory penalty on BofA Securities Europe.
On 26 March the Governing Council adopted Decision ECB/2026/10, amending Decision (EU) 2019/1743 to “simplify the remuneration of excess reserves held by eligible monetary policy counterparties”. The change takes effect on 17 June 2026. On 10 April the Council approved roles and responsibilities for the digital-euro pilot exercise; the decision sits inside a wider payments programme, with a comprehensive payments strategy approved on 31 March and the Appia Steering Group mandate approved on 9 April together with three pan-European card-payment standardisation agreements covering CPACE, nexo and the Berlin Group.
On supervision, ECB Banking Supervision disclosed a €6.2 million penalty on BofA Securities Europe SA on 27 March. On 30 March it streamlined the internal-models supervision process, and on 7 April it confirmed compliance with the European Banking Authority’s revised guidelines on ancillary services. The notice also records five Council opinions on draft national or EU legislation: CON/2026/11 (Belgian tax on credit institutions), CON/2026/12 (composition of the Latvijas Banka Council), CON/2026/13 (capital-markets integration and supervision), CON/2026/14 (cash payment obligations) and CON/2026/15 (remuneration of client funds).
Other items: a 26 March report on non-bank financial intermediation; a 9 April report on financial integration and structures in the euro area; a 14 April Eurosystem response on EU banking-sector competitiveness; a 23 April advancement of the Integrated Reporting Framework to its “realisation phase”; the 2027–2028 meeting schedules published on 24 April. Full Money Moves treatment p. 6; Cipollone energy-shock scenarios p. 7; de Guindos ECB Annual Report to ECON p. 6; What We’re Watching digital-euro pathway p. 9. Source: European Central Bank, 4 May 2026.
ECB Executive Board member Piero Cipollone delivered a speech titled “The new energy shock” at the 2026 Sustainable Development Festival in Milan on 6 May 2026, setting out two adverse paths against the ECB’s baseline projection. In the adverse scenario, oil peaks at $119 a barrel and gas at €87 per MWh; cumulative inflation through 2028 is 1.5 percentage points higher than baseline and growth is 0.8 percentage points lower. In the severe scenario, oil peaks at $145 a barrel and gas at €106 per MWh, with cumulative inflation 6.3 percentage points higher through 2028. Headline inflation in the euro area was 3% in April 2026; energy prices up 10.9%. See p. 7. Source: European Central Bank, 6 May 2026
A new framework for reconstructing the white-matter pathways that connect the cerebellum to the rest of the brain was posted as a preprint on bioRxiv on 6 May. The method, called ACCURAT — short for anatomically constrained cerebellar tractography — is intended to address a long-standing weakness in non-invasive brain imaging: cortico-cerebellar pathways are notoriously difficult to reconstruct from diffusion MRI data. The algorithm uses prior knowledge of cerebellar and brainstem anatomy to restrict where streamlines can begin, end and travel, aiming for more reproducible reconstructions of the major cerebellar peduncles. This is a preprint and has not been peer reviewed. See p. 5. Source: bioRxiv preprint, 6 May 2026
H.R. 8680 was introduced in the U.S. House of Representatives on 7 May 2026. The bill would amend the National Defense Authorization Act for Fiscal Year 2016 to establish a rebuttable presumption in favour of authorising members of the Armed Forces to carry their personal firearms on military installations. A rebuttable presumption is a legal default: the answer is yes unless the party opposing it produces evidence to the contrary. The current Department of Defense posture, set out in DoD Directive 5210.56, is the opposite — carrying is generally limited to designated personnel performing security or law enforcement duties. The bill has been referred for committee consideration; no floor action has been scheduled. See p. 11. Source: GovTrack / U.S. Congress
Ireland Desk p. 2–3 · Science & Health p. 4–5 · Money Moves p. 6–7 · The Wire p. 8 · What We’re Watching p. 9 · Wires & Wars p. 10 · Quiet Laws p. 11 · Crossword p. 12 · Diversions p. 13 · Life & Culture p. 16 · Sport p. 17
A bill titled the Health (Abolition of Three Day Wait Rule) (Amendment) Bill 2026 has been entered on the Houses of the Oireachtas bills register as Bill 47 of 2026, with a current status of “Current” — the register’s term for a bill that has been introduced but not yet completed its passage through both Houses.
The bill’s title refers to a long-standing feature of Irish social welfare law commonly known as the “three waiting days” rule. Under that rule, a person claiming Illness Benefit — the short-term social-welfare payment for employees who cannot work because of illness — does not become entitled to payment until the fourth day of incapacity. The first three days are unpaid waiting days. The rule has been a recurring subject of submissions by trade unions, the Irish Congress of Trade Unions and the Citizens Information Service, and was identified during the COVID-19 pandemic as a barrier to staying home with infectious illness.
The Daily Clearing was unable to retrieve the bill’s full text, sponsor details, or the date of its introduction directly from the Oireachtas website at the time of going to press; both the human-facing page at oireachtas.ie and the data.oireachtas.ie API endpoint returned an HTTP 403 (forbidden) response to automated requests. The bill’s existence and its title are confirmed by the entry on the data.oireachtas.ie register.
What the bill does in detail, who has sponsored it, and the date on which it was introduced cannot be reported here without the source page. Readers who can open the page in a browser will find those details — including the explanatory memorandum, if one has been laid — at the URL below. We will update this story when the source page becomes accessible to confirm sponsor, source (Government, Private Member or Private Senator) and the precise text of the amendments proposed.
The bill has not been passed and is not in force. As of publication it has only been registered as introduced. Source: Houses of the Oireachtas — Bill 47 of 2026
Four bills were placed on the Oireachtas register between 7 and 8 May. Bill 43 of 2026 — the Garda Síochána (Recording Devices) (Amendment) Bill — would amend the 2023 Act that regulates Garda body-worn and CCTV recording. Bill 44 of 2026 — the Criminal Law (Adult Safeguarding) Bill — proposes a statutory framework for the protection of at-risk adults from abuse and exploitation. Bill 45 of 2026 — the Residential Tenancies (Temporary Prohibition of Termination Notices) Bill — would suspend tenancy termination notices for a defined period. Bill 46 of 2026 — the Work Life Balance Bill — sits alongside the existing 2023 Work-Life Balance Act. All four are at status “Current”, meaning introduced and live, but none has yet completed Second Stage. The Oireachtas data API blocks automated retrieval; the human-facing register is at oireachtas.ie/en/bills. Source: Houses of the Oireachtas
The Department of Health has refreshed two of its standing mortality datasets on data.gov.ie, the open-data portal it uses to publish health statistics produced by the Central Statistics Office. The two refreshes landed within a day of each other in late April: MORT03 — Standardised mortality ratio was updated on 23 April 2026; MORT04 — Five-Year Age-Standardised Mortality Rate on 22 April 2026.
The two metrics answer different questions. The standardised mortality ratio, or SMR, in MORT03 is the ratio of the number of deaths observed in a population to the number that would be expected if that population had the same age-specific death rates as a reference population. It is conventionally indexed to 100, so a value above 100 indicates more deaths than expected and a value below 100 fewer. The age-standardised mortality rate in MORT04 is expressed as deaths per 100,000 population; the “five-year” element refers to the period over which the rate is averaged, smoothing single-year fluctuations.
In short: MORT03 tells a reader whether a population has more or fewer deaths than expected given its age structure; MORT04 tells a reader the underlying rate per 100,000 once the age structure has been controlled for. Both datasets are listed with the Department of Health as publisher and Hardeep Kaur as data owner, contact [email protected]. The underlying resources are served from CSO API endpoints; files are offered in CSV, JSON-STAT, PX, and XLSX formats, with the XLSX file noted as covering data from 2007.
Both datasets are published under a Creative Commons Attribution 4.0 licence, which permits reuse with attribution, and both are tagged as a High Value Dataset under the EU’s open-data framework, referencing EU Regulation 2023/138 — the implementing regulation that lists health statistics among the categories of public-sector data member states must make available in machine-readable form. Neither portal page includes a written description beyond the title, an explicit time range for the series, or a stated update cadence; readers needing the reference population, exact time series or geographic breakdown should consult the underlying CSO resources directly via the API endpoints linked from the data.gov.ie pages. Source: Department of Health (via data.gov.ie)
Direct links to both datasets: MORT03 (Standardised mortality ratio, updated 23 April 2026) is at data.gov.ie/dataset/mort03-standardised-mortality-ratio. MORT04 (Five-Year Age-Standardised Mortality Rate, updated 22 April 2026) is at data.gov.ie/dataset/mort04-five-year-age-standardised-mortality-rate. Bill 47 (Three Day Wait Rule) lead on p. 2; HIQA Tusla inspections on p. 4.
The Health Information and Quality Authority (HIQA) on 7 May published three inspection reports into Tusla-operated children’s residential centres, two in the South West and one in Dublin North East, finding serious safeguarding and governance failures at two of the three locations.
The most significant findings came from a risk-based inspection in the South West carried out in February 2026. Inspectors found that “regular illicit substance use was occurring both in the centre and on its grounds”, and that staff and management had not addressed the issue effectively. The report describes weak governance oversight, poor supervision, and “unclear lines of accountability and oversight of responsibilities”. The centre was found to be not compliant with all five of the standards assessed. HIQA issued an urgent compliance plan to Tusla on the first day of the inspection because of the immediate safety risks.
A second South West centre, also inspected in February 2026, was operating from a new premises and produced a markedly different picture. Six of the eight standards assessed were judged compliant and the remaining two substantially compliant. Inspectors described a homely, child-centred environment, careful admission practices that took account of the needs of existing residents, and “open communication with children to ensure that their voices were heard”. Improvements were needed in the recording of supervision and in the sharing of information with schools.
The third report covers a Dublin North East centre inspected in January 2026. Of seven standards assessed, two were compliant, one substantially compliant and four not compliant. HIQA found that leadership and governance required improvement and that risk-management systems were not effective at identifying safeguarding concerns. “Safety plans that were in place were inadequate and did not satisfactorily safeguard young people,” the report states, citing delayed responses where new risks emerged after a child was admitted. HIQA sought assurances from Tusla, which provided updated policies in response.
HIQA is the statutory regulator for designated children’s residential centres operated by Tusla, the Child and Family Agency. The three reports were published together as part of the authority’s routine publication cycle and form part of its monitoring of standards across the residential care system. Source: HIQA, 7 May 2026
A new framework for reconstructing the white-matter pathways that connect the cerebellum to the rest of the brain was posted as a preprint on bioRxiv on 6 May. The method, called ACCURAT — short for anatomically constrained cerebellar tractography — is intended to address a long-standing weakness in non-invasive brain imaging: cortico-cerebellar pathways are notoriously difficult to reconstruct from diffusion MRI data.
The cerebellum sits at the back of the brain and forms extensive structural circuits with the brainstem, thalamus and cerebrum. Those circuits underlie motor control as well as cognitive and affective functions, and damage to them is implicated in conditions ranging from ataxia to schizophrenia. Diffusion MRI tractography is the only method available for mapping these pathways in living people, but standard tractography algorithms tend to produce noisy and incomplete reconstructions in the cerebellar region because of the dense, crossing nature of the fibres and the small size of the relevant anatomical landmarks.
ACCURAT is described by its authors as an anatomically constrained approach: the algorithm uses prior knowledge of cerebellar and brainstem anatomy to restrict where streamlines — the model’s mathematical representation of fibre bundles — can begin, end and travel. The aim is more reproducible reconstructions of the major cerebellar peduncles and their projections to cortex.
This is a preprint and has not yet been peer reviewed. Findings, methods and any performance claims should be treated as provisional until the paper is accepted in a journal.
The work is relevant to neuroimaging laboratories that study cerebellar circuitry, to clinical research groups working on movement disorders and psychiatric conditions with a cerebellar component, and to large open-data consortia — such as the Human Connectome Project and UK Biobank — that distribute diffusion MRI data and need standardised pipelines. If the framework is released as open-source code, as bioRxiv preprints in this area frequently are, it would lower the barrier to including cerebellar tractography in studies that currently restrict their analyses to cerebral white matter. The preprint is hosted on bioRxiv, the biology preprint server operated by Cold Spring Harbor Laboratory. Source: bioRxiv preprint, 6 May 2026
The European Central Bank published its periodic Governing Council decisions notice on 4 May 2026, covering non-rate decisions taken between 20 March and 24 April. Three are material for banks and payment-system participants.
On 26 March the Governing Council adopted Decision ECB/2026/10, amending Decision (EU) 2019/1743 to “simplify the remuneration of excess reserves held by eligible monetary policy counterparties”. The change takes effect on 17 June 2026.
On 10 April the Governing Council approved roles and responsibilities for the digital-euro pilot exercise. The decision sits inside a wider payments programme: on 31 March the Council approved a comprehensive payments strategy, and on 9 April it approved the Appia Steering Group mandate together with three pan-European card-payment standardisation agreements covering CPACE, nexo and the Berlin Group.
On supervision, ECB Banking Supervision disclosed a €6.2 million penalty on BofA Securities Europe SA on 27 March. On 30 March it streamlined the internal models supervision process, and on 7 April it confirmed compliance with the European Banking Authority’s revised guidelines on ancillary services.
The notice also records five Council opinions on draft national or EU legislation: CON/2026/11 (Belgian tax on credit institutions, 30 March), CON/2026/12 (composition of the Latvijas Banka Council, 31 March), CON/2026/13 (capital-markets integration and supervision, 9 April), CON/2026/14 (cash payment obligations, 16 April) and CON/2026/15 (remuneration of client funds, 21 April). Other items: a 26 March report on non-bank financial intermediation; a 9 April report on financial integration and structures in the euro area; a 14 April Eurosystem response on EU banking-sector competitiveness; the 23 April advancement of the Integrated Reporting Framework to its “realisation phase”; the 2027–2028 meeting schedules published on 24 April. Cipollone energy-shock scenarios on p. 7. Source: European Central Bank, 4 May 2026
ECB Vice-President Luis de Guindos presented the European Central Bank’s Annual Report 2025 to the European Parliament’s Committee on Economic and Monetary Affairs on 4 May 2026 in Brussels. He told MEPs that euro-area growth came in at 1.4% for the year and that inflation averaged 2.1%, “close to the ECB’s medium-term target of 2.0%”. He confirmed the rate path the Governing Council took through 2025: the deposit facility rate was reduced by 100 basis points, to 2.0% by mid-2025. On the current stance, the Governing Council “decided to keep interest rates unchanged at its latest meeting last week” and reiterated a “data-dependent, meeting-by-meeting approach”. On the digital euro, the project has “advanced to the next phase”, with a pilot exercise targeted for 2027 and a potential first issuance in 2029, contingent on the EU regulatory framework being adopted in 2026. The wider agenda he flagged covered three strands: completion of a “robust regulatory framework” for the banking union, progress on a savings and investments union, and simplification of the European prudential, supervisory and reporting framework for banks. Source: European Central Bank, 4 May 2026
ECB Executive Board member Piero Cipollone delivered a speech titled “The new energy shock” at the 2026 Sustainable Development Festival in Milan on 6 May 2026. He set out two adverse paths against the ECB’s baseline projection, both keyed to oil and gas prices peaking in the second quarter of 2026.
In the baseline, higher energy prices keep inflation “well above 2 per cent in the near term”. In the adverse scenario, oil peaks at USD 119 a barrel and gas at €87 per megawatt-hour; cumulative inflation through 2028 is 1.5 percentage points higher than baseline and growth is 0.8 percentage points lower. In the severe scenario, oil peaks at USD 145 a barrel and gas at €106 per megawatt-hour, with cumulative inflation 6.3 percentage points higher through 2028.
Cipollone framed the scenarios against current data. Headline inflation in the euro area was 3% in April 2026, with energy prices up 10.9% and core inflation at 2.2%. He attributed the shock to a decline in oil supply of “around 12 million barrels per day”, roughly 11% of pre-war supply.
On policy, Cipollone repeated the line from the latest Governing Council meeting: “Last week we decided to keep our policy rates on hold” while gathering information on the shock’s intensity and duration. He said the Council is monitoring medium-term inflation expectations, wage developments and firm pricing power. On fiscal coordination, “fiscal measures could also provide support, though they should remain temporary, tailored and targeted”, warning that broader interventions would raise long-term yields and suppress investment.
The second half of the speech argued that the structural response to the shock is the energy transition rather than a return to fossil-fuel imports. He cited that more than two-thirds of EU electricity came from low-carbon sources in 2024, that EU energy intensity fell 32% between 2015 and 2025, that gas import volumes are down 20%, and that extra fossil-fuel import costs since the start of the war have run to €27 billion. Green bonds, he said, are “seeing the fastest growth in international euro-denominated bond issuance”. ECB non-rate decisions on p. 6; What We’re Watching digital-euro pathway on p. 9. Source: European Central Bank, 6 May 2026
NEPA categorical exclusions for BLM tree-density and salvage harvesting introduced (7 May). Two House bills were introduced on 7 May that would write into statute categorical exclusions the Bureau of Land Management proposed for its NEPA implementing procedures on 6 April 2026. H.R. 8688 would codify the categorical exclusion for tree-density modification. H.R. 8682 would codify the categorical exclusion for salvage harvesting. Categorical exclusions remove specified classes of agency action from the requirement to prepare an environmental assessment or environmental impact statement under the National Environmental Policy Act. Both bills are at “Introduced” status with no committee report or floor action scheduled. (GovTrack · H.R. 8688; H.R. 8682)
Three House joint resolutions disapprove CFPB rule withdrawals (7 May). Three Congressional Review Act resolutions were introduced in the House on 7 May, each disapproving a CFPB action that itself withdrew an earlier rule. H.J.Res. 177 targets the withdrawal of the rule on Fair Credit Reporting (Name-Only matching). H.J.Res. 178 targets the withdrawal of the rule on Examinations for Risks to Active-duty servicemembers. H.J.Res. 179 targets the withdrawal of the Consumer Financial Protection Circular relating to medical-debt furnishing practices. The CRA path is a simple-majority vote in both chambers and presidential signature; if enacted, the withdrawal would itself be undone and the underlying rule would revive in its prior form. All three are at “Introduced” status. (H.J.Res. 177; 178; 179)
Lane lays out climate-monetary-policy framework (5 May). ECB chief economist Philip R. Lane delivered a keynote on 5 May in which he set out how the Governing Council frames climate-related risks within the price-stability mandate, distinguishing physical risk, transition risk, and the monetary-policy implications of each. Lane addressed the role of the climate-and-nature plan adopted in 2024 and the operational integration into asset-purchase, collateral, and risk-management frameworks. (ECB)
Lagarde on stablecoins: separate functions from instruments (8 May). ECB President Christine Lagarde delivered a speech on 8 May arguing that policy responses to stablecoins should distinguish the monetary functions they perform from the technical instruments through which they are delivered. The speech sits within the wider digital-euro and payments-strategy work that the Governing Council noted in its 4 May non-rate decisions. (ECB)
Federal Reserve approves Columbia Bank reorganisation (8 May). The Federal Reserve Board on 8 May approved related applications by Columbia Bank MHC and Columbia Financial, Inc., for a corporate reorganisation under Bank Holding Company Act and Federal Reserve Act provisions. The order is published on the Fed’s press-release feed and contains the conditions attached to the approval. (Federal Reserve)
FDA finalises pregnancy safety post-approval guidance (8 May). The U.S. Food and Drug Administration on 8 May issued final guidance for industry, Postapproval Pregnancy Safety Studies, with recommendations on methodologies for studying drug and biological-product safety when used during pregnancy. The guidance is the post-approval companion to long-running work on inclusion of pregnant patients in clinical trials. (FDA)
WHO: malaria-vaccine rollout reducing child deaths in Africa (8 May). The World Health Organization on 8 May said new evidence from countries with operational malaria-vaccine programmes shows the rollout is significantly reducing child deaths in Africa, and that the impact could grow as programmes scale. Two vaccines (RTS,S/AS01 and R21/Matrix-M) are pre-qualified by WHO for the protection of children against Plasmodium falciparum malaria. (UN News)
Four Irish bills introduced in the Oireachtas in 48 hours (7–8 May). Four bills were placed on the Oireachtas register between 7 and 8 May. Bill 43 of 2026 — the Garda Síochána (Recording Devices) (Amendment) Bill — would amend the 2023 Act that regulates Garda body-worn and CCTV recording. Bill 44 of 2026 — the Criminal Law (Adult Safeguarding) Bill — proposes a statutory framework for the protection of at-risk adults from abuse and exploitation. Bill 45 of 2026 — the Residential Tenancies (Temporary Prohibition of Termination Notices) Bill — would suspend tenancy termination notices for a defined period. Bill 46 of 2026 — the Work Life Balance Bill — sits alongside the existing 2023 Work-Life Balance Act. All four at status “Current”; none has yet completed Second Stage. The Oireachtas data API blocks automated retrieval. (Houses of the Oireachtas)
ECB digital-euro pathway after the 4 May decisions
The ECB Governing Council’s 4 May non-rate notice covered preparatory work on the digital-euro pilot and on payments-strategy standardisation. The schedule that Vice-President de Guindos sketched in Brussels on 4 May points to first issuance not before 2029, with regulatory adoption work running through 2026. The next checkpoints are the Council’s quarterly digital-euro progress report and any Eurosystem announcements on rulebook publication. Watching: ecb.europa.eu/euro/digital_euro and the next monthly non-rate decisions notice. Lead on p. 1; full Money Moves treatment p. 6. Anchor: ECB
HIQA enforcement on Tusla South West following 7 May findings
HIQA’s 7 May statement reported a risk-based inspection of one Tusla-operated South West children’s residential centre that found failures sufficient to trigger an urgent compliance plan. Two further reports were issued on a second South West centre and a Dublin North East centre. The next watch points are: Tusla’s response to the urgent compliance plan, any HIQA escalation under its statutory enforcement powers, and the next quarterly HIQA children’s-services publication statement. Lead on p. 4. Anchor: HIQA
House CFPB Congressional Review Act resolutions
Three CRA disapproval resolutions on CFPB rule withdrawals were introduced in the House on 7 May (H.J.Res. 177 / 178 / 179, covering Fair Credit Reporting Name-Only, Servicemember Examinations, and the Consumer Financial Protection Circular). The CRA pathway is a simple-majority vote in both chambers and the President’s signature. The next checkpoint is the House Financial Services Committee schedule and any motions to discharge on the floor. Wire briefs on p. 8. Anchor: GovTrack
Irish Health (Abolition of Three Day Wait Rule) Bill 2026 — Bill 47
Bill 47 of 2026 was placed on the Oireachtas register on 8 May, status “Current”. The bill’s title indicates it would abolish the rule under which a person becomes entitled to Illness Benefit only on the fourth day of incapacity. The next checkpoint is the publication of the bill text and the Order Paper for Second Stage in the Dáil; the Oireachtas data API blocks automated retrieval, so we are tracking via the human-facing register. Lead on p. 2. Anchor: Oireachtas
This is the Midday Edition — Saturday, 9 May 2026.
Posted at 06:00 IST. Saturday’s wires are typically thinner than weekday filings; the next regulatory pulse comes Monday morning when CSO, ECB Banking Supervision, the Federal Reserve, FDA and the Oireachtas data feeds resume. Today’s lineup runs: ECB Governing Council non-rate decisions; Bill 47 abolishing the three-waiting-days Illness Benefit rule; the Department of Health’s twin mortality dataset refresh; HIQA’s three Tusla inspection reports; the Accurat et al. cerebellar tractography preprint; Cipollone’s energy-shock scenarios; the UNHCR Egypt cash-assistance funding shortfall; the WHO hantavirus cruise-ship response; and three new House bills (H.R. 8680 firearms, 8681 cobalt sanctions, 8718 mercenary recruitment). Next update: Saturday Midday Edition (13:00 IST).
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The UN refugee agency UNHCR has reduced its monthly cash assistance to refugees in Egypt from $11 to $4 per person and warned that the programme will close within weeks if additional funding is not received, according to a UN News report published on 5 May.
Egypt now hosts more than 1.1 million registered refugees, up from roughly 300,000 three years ago. About 850,000 are Sudanese, displaced by the war that broke out in Sudan in April 2023. The remainder includes Syrians, South Sudanese, Eritreans, Ethiopians and Yemenis.
UNHCR’s cash assistance programme — its largest single intervention in Egypt — has received 2% of the funding it requires for the year, the agency said. Beneficiary families have already been cut by more than half. Households still in the programme receive about 1,530 Egyptian pounds a month, or roughly $29. Christine Beshay, UNHCR’s spokesperson in Egypt, told UN News the programme is “threatened with closure if we do not receive additional support in the next few weeks.” She said the funding gap was already forcing families into trade-offs between basic services. “The mother is forced to make very difficult decisions: whether to feed her children or send them to school,” Beshay said.
UNHCR Egypt operates registration and status determination, protection services, health and education access, child and psychological support, and the cash transfer programme. The funding shortfall affects all four service areas, with education access, food security, healthcare and child support flagged as the most exposed. The figures sit against a wider contraction in humanitarian budgets: donors have cut bilateral refugee funding across the Middle East and North Africa region, and UNHCR’s global appeals for the Sudan emergency response have repeatedly closed the year well below target. Egypt has been one of the largest single recipients of Sudanese refugees outside Sudan and Chad, and the country’s own subsidy reform programme has raised the cost of food, fuel and rent for both Egyptian households and refugees on cash transfers. Source: UN News, 5 May 2026
The World Health Organization has said the risk to the wider population from a hantavirus outbreak on a cruise ship moored in Cabo Verde is “absolutely low”, after three deaths linked to the vessel and eight reported cases. The ship is the Dutch-flagged Hondius, a small expedition cruise vessel that had completed a birdwatching itinerary visiting Argentina, Chile and Uruguay before the outbreak was identified. WHO spokesperson Christian Lindmeier said at a Geneva press briefing that hantavirus is “a dangerous virus, but only to the person who is really infected,” and that “the risk to the general population remains absolutely low.” Lindmeier added that the situation was “not COVID” and “not the start of another COVID pandemic”. Of the eight reported cases, five are laboratory-confirmed and three are listed as suspected. The strain is the Andes variant, endemic to parts of southern South America and one of the few hantavirus strains for which limited person-to-person transmission has been documented. Three deaths have been confirmed: two on board and one after medical evacuation. The earliest reported symptom onset was 6 April; the most recent reported death was 2 May. Patients have been transferred to hospitals in South Africa, the Netherlands and Switzerland. A flight attendant who had close contact with one infected passenger returned a negative test, WHO said. The agency has not issued a Disease Outbreak News notice or formal public health emergency designation. Source: UN News, 8 May 2026
H.R. 8680 was introduced in the U.S. House of Representatives on 7 May 2026. The bill would amend the National Defense Authorization Act for Fiscal Year 2016 to establish a rebuttable presumption in favour of authorising members of the Armed Forces to carry their personal firearms on military installations.
A rebuttable presumption is a legal default: the answer is yes unless the party opposing it produces evidence to the contrary. As drafted, the burden would shift onto the installation commander or the Department of Defense to justify a denial in any individual case, rather than onto the service member to justify the request. The current Department of Defense posture, set out in DoD Directive 5210.56, is the opposite. Personal firearms on installations are tightly restricted; carrying is generally limited to designated personnel performing security or law enforcement duties, and storage of privately-owned firearms is normally required to be in installation armouries or off-base. A rebuttable presumption written into statute would override that directive for service members and place the policy default on the other side of the line.
The bill has been referred for committee consideration. No floor action has been scheduled. The clearing context: this is a one-line statutory change that, if enacted, would reverse the operational default on a question Defense has answered the same way for decades. It is the kind of provision that usually moves either as a standalone measure or, more commonly, as an amendment folded into the next NDAA. Worth tracking against the FY2027 NDAA mark-up cycle later this year. Source: GovTrack · H.R. 8680
H.R. 8681 was introduced in the U.S. House of Representatives on 7 May 2026. The bill would impose sanctions on foreign persons determined to have employed forced labour or child labour in the mining of cobalt, and on those who knowingly assist or finance such operations. Cobalt is a battery-cathode metal concentrated in the lithium-ion chemistries used in most electric vehicles, in grid-scale storage, and in consumer electronics. The Democratic Republic of Congo accounts for the majority of the world’s mined cobalt supply, and the U.S. Department of Labor has for years listed Congolese cobalt on its List of Goods Produced by Child Labor or Forced Labor. Sanctions designations under similar statutes typically take the form of asset freezes administered by the Treasury Department’s Office of Foreign Assets Control and travel restrictions administered by the State Department, applied to named foreign individuals and entities. The bill is one of several recent Congressional efforts to attach human-rights conditions to inputs in the EV and electronics supply chains. The Uyghur Forced Labor Prevention Act of 2021 used a similar mechanism for goods linked to Xinjiang; whether H.R. 8681 follows that template — a rebuttable presumption against imports — or stays with a personal-sanctions model will turn on the bill text. Source: GovTrack · H.R. 8681
H.R. 8718 was introduced in the U.S. House of Representatives on 7 May 2026. The bill would impose sanctions on foreign persons and foreign government officials determined to have facilitated the recruitment of foreign nationals from African countries to fight in the war in Ukraine. The bill, as introduced, targets a recruiting pipeline rather than the individuals being recruited. The sanctioned conduct is the act of organising, financing or coordinating the movement of African nationals into a combatant role in the Ukraine conflict. Sanctions designations under comparable statutes typically take the form of Treasury asset freezes, prohibitions on U.S.-person dealings, and State Department visa restrictions, applied to named foreign individuals, entities and, in some cases, government officials. Reporting over the past two years has documented recruitment of nationals from a number of African states — including, in U.S. and European press accounts, Cameroon, Senegal, the Central African Republic and Somalia — into Russian military and paramilitary formations operating in Ukraine. The bill itself names the conduct, not specific networks; identification of who falls within scope would be made by the executive branch on a case-by-case basis after enactment. The clearing context: this is a narrow, targeted sanctions authority aimed at a specific operational practice, not a broad foreign-policy statement — distinct from the existing Russia, Belarus and Wagner-related sanctions regimes. Source: GovTrack · H.R. 8718
No. 33 (Friday) solution
Friday’s solution and the running back-list are collected in the archive.
Sudoku No. 34 — Medium
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1671: Colonel Thomas Blood, an Anglo-Irish adventurer who had served on the parliamentary side in the English Civil War and later moved between Restoration plots, attempts to steal the Crown Jewels from the Jewel House of the Tower of London with three accomplices. Blood befriends and overpowers the Keeper of the Jewels, Talbot Edwards; he flattens the State Crown with a mallet, files the Sceptre with the Cross in two to fit it into a bag, and stuffs the Sovereign’s Orb down his breeches. The party is intercepted on the way out by Edwards’s son returning unexpectedly from Flanders. Blood is taken alive; Charles II, in a celebrated breach of legal expectation, pardons him and grants him Irish lands worth £500 a year.
1936: From the balcony of the Palazzo Venezia in Rome, Italian prime minister Benito Mussolini proclaims the founding of the Italian Empire and the annexation of Ethiopia following the Second Italo-Ethiopian War. The proclamation, delivered to a crowd estimated at 400,000, declares Vittorio Emanuele III “Emperor of Ethiopia”. The League of Nations sanctions regime against Italy collapses over the following months; Emperor Haile Selassie’s appeal to the League the following month becomes the most-cited speech in the institution’s history. Italian occupation lasts until May 1941.
1945: The instrument of unconditional surrender of all German forces is countersigned by Generalfeldmarschall Wilhelm Keitel for the Wehrmacht, alongside Generaladmiral Hans-Georg von Friedeburg for the Kriegsmarine and Generaloberst Hans-Jürgen Stumpff for the Luftwaffe, at the Karlshorst military engineering school in eastern Berlin. The signing concludes at 22:43 Central European Time on 8 May — past midnight in Moscow — and the document is dated 9 May. The Soviet Union, the Russian Federation and many post-Soviet states observe the day as Victory Day, distinct from the 8 May V-E Day kept in the West.
1950: French foreign minister Robert Schuman, in the Salon de l’Horloge of the Quai d’Orsay in Paris, reads a 750-word declaration drafted with Jean Monnet proposing that France and the Federal Republic of Germany pool their entire production of coal and steel under a common High Authority, in an organisation open to other European nations. The text holds that “Europe will not be made all at once, or according to a single plan” but through de facto solidarity built from concrete achievements. The European Coal and Steel Community, signed at Paris in April 1951, is the founding institution of the European Union; 9 May is now observed across the EU as Europe Day.
1960: The US Food and Drug Administration approves G.D. Searle & Company’s Enovid-10 — a combined oral preparation of norethynodrel and mestranol — as a contraceptive. Enovid had been on the US market since 1957 for menstrual disorders; the 9 May 1960 approval makes it the first orally administered hormonal contraceptive cleared for that use anywhere in the world. The decision is the culmination of clinical trials run in San Juan, Puerto Rico, from 1956 onward by Gregory Pincus and John Rock; by 1965 some 6.5 million American women take what becomes universally known as “the Pill”.
1974: The US House Committee on the Judiciary, under chairman Peter W. Rodino, Jr. (D-NJ), opens its formal impeachment inquiry into President Richard Nixon, behind closed doors at the Rayburn House Office Building in Washington. Special counsel John Doar lays out a procedural framework that resists prosecuting Nixon as if in a criminal court. The inquiry produces three articles of impeachment — obstruction of justice, abuse of power, and contempt of Congress — voted on 27–30 July; Nixon’s resignation announcement follows on the evening of 8 August, taking effect at noon on 9 August.
Today’s Numbers
$11 → $4 — Reduction in monthly cash assistance per refugee in Egypt by the UN refugee agency UNHCR, per a UN News report published on 5 May. Egypt now hosts more than 1.1 million registered refugees, about 850,000 Sudanese; the cash programme has received 2 per cent of the funding it requires for the year, beneficiary families have been cut by more than half, and households still in the programme receive about 1,530 Egyptian pounds a month, or roughly $29 (page 10).
8 / 5 / 3 — Number of reported hantavirus cases on the Dutch-flagged expedition cruise ship Hondius moored in Cabo Verde per WHO at the Geneva briefing on 8 May (eight reported), the number that are laboratory-confirmed (five; the other three are listed as suspected), and the number of confirmed deaths (three — two on board, one after medical evacuation). The strain is the Andes variant, endemic to parts of southern South America. WHO spokesperson Christian Lindmeier said the risk to the wider population is “absolutely low” (page 10).
1.4 % / 2.1 % / −100 bp — Euro-area real GDP growth in 2025 and headline HICP inflation, the figures cited by ECB Vice-President Luis de Guindos in his presentation of the ECB’s 2025 Annual Report to the European Parliament’s ECON committee on 4 May, and the cumulative cut to the deposit facility rate since June 2024 — bringing the rate to 2.0 per cent. Digital-euro pilot scheduled for 2027; first issuance not before 2029 (page 6).
€6.2 m / Decision ECB/2026/10 — Penalty imposed on Bank of America by the ECB Banking Supervision pillar, recorded in the Governing Council’s 4 May non-rate decisions notice; and the regulation amending Decision (EU) 2019/1743 to simplify the remuneration of excess reserves held by eligible monetary-policy counterparties (effective 17 June 2026). The notice covered decisions taken between 20 March and 24 April, including five legal opinions (CON/2026/11–15) on national draft laws (page 6).
Word of the Day
REBUTTABLE PRESUMPTION
A legal default that may be overcome by evidence to the contrary. The party who relies on the presumption gets the benefit of the rule unless the opposing party produces sufficient evidence to displace it; the burden of going forward — and often the burden of persuasion — shifts onto whoever is challenging the default. In US statutory and administrative practice, rebuttable presumptions are most commonly used to set a baseline rule that applies in all cases unless rebutted on the facts. H.R. 8680, introduced in the US House of Representatives on 7 May 2026, would amend the National Defense Authorization Act for Fiscal Year 2016 to establish a rebuttable presumption in favour of authorising members of the Armed Forces to carry their personal firearms on military installations — reversing the operational default set in DoD Directive 5210.56, under which carrying is generally limited to designated personnel performing security or law enforcement duties. The bill has been referred for committee consideration; no floor action has been scheduled (see page 11).
Quick Quiz — From Today’s Edition
1. ECB Vice-President Luis de Guindos on 4 May presented the ECB’s 2025 Annual Report to the European Parliament’s ECON committee. What real-GDP growth and headline HICP inflation figures did he cite for 2025, and by how many basis points has the ECB cut the deposit facility rate since June 2024 — bringing it to what level?
2. The UN refugee agency UNHCR has reduced its monthly cash assistance to refugees in Egypt. From what level to what level, how many registered refugees does Egypt now host, what share of those are Sudanese, and what percentage of the year’s funding requirement has the cash programme received?
3. H.R. 8680, introduced in the US House of Representatives on 7 May, would establish what kind of legal default in favour of which conduct on military installations, and which standing Department of Defense directive sets the current operational default it would reverse?
Answers: 1. Real GDP growth of 1.4 per cent in 2025 and headline HICP inflation of 2.1 per cent in 2025; the deposit facility rate has been cut by 100 basis points to 2.0 per cent (page 6). 2. From $11 to $4 per refugee per month; over 1.1 million registered refugees, about 850,000 of whom are Sudanese; the cash programme has received 2 per cent of the funding it requires for the year (page 10). 3. A rebuttable presumption in favour of authorising members of the Armed Forces to carry their personal firearms on military installations; the current operational default is set in DoD Directive 5210.56 (page 11).
“Europe will not be made all at once, or according to a single plan. It will be built through concrete achievements which first create a de facto solidarity.” — Robert Schuman, the Schuman Declaration, Paris, 9 May 1950
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Recipe — Pan-charred new-season Irish asparagus, soft egg, sea salt and lemon: The Irish asparagus season is short — first cut at the end of April from growers in Wexford, Cork, Carlow and a handful of polytunnel beds in north County Dublin, lasting at most through the second week of June. The first weekend of May is the moment to keep the cooking out of the way. A bunch of 500 g of asparagus, the woody bottom inch snapped off where the spear bends naturally, the spears patted dry. A heavy cast-iron skillet brought to a high heat over the largest hob ring for four minutes, dry; a tablespoon of a robust olive oil added and swirled; the asparagus rolled in across the floor of the pan in a single layer. Two minutes one side, one minute on the second — charred lines and spotting along the spears, the tips just beginning to crisp; pulled off the heat onto a warm plate, finished with a generous pinch of flaky sea salt (Achill Island Sea Salt or Oriel) and a squeeze of half a lemon. Soft egg, six minutes: a small saucepan of water at a rolling boil; one large free-range Irish hen’s egg, fridge-cold, lowered in on a slotted spoon for exactly six minutes; under the cold tap for 30 seconds; peeled and halved over the asparagus so the soft yolk runs across the spears. To finish: a slick of the same olive oil from the bottle, a dusting of black pepper, a few shavings of a hard farmhouse cheese — Coolea or Cratloe Hills — or a tablespoon of toasted hazelnuts, roughly chopped. A slice of sourdough on the side to mop up the yolk and the lemon-oil from the plate. Six minutes’ cooking, a Saturday lunch, the cast-iron pan back into the rack hot.
Worth Your Time
Book: Cobalt Red: How the Blood of the Congo Powers Our Lives by Siddharth Kara (St Martin’s Press, 2023). The British-American researcher’s account of the artisanal cobalt mining sector in Lualaba and Haut-Katanga provinces of the Democratic Republic of the Congo, the labour conditions in the artisanal pits that feed into the formal industrial supply chain, and the role of cobalt in the cathodes of lithium-ion batteries used in electric vehicles and consumer electronics. The right reading alongside today’s page 11 piece on H.R. 8681, introduced in the US House of Representatives on 7 May 2026, which would impose sanctions on foreign persons employing forced or child labour in cobalt mining; the DRC accounts for the majority of world mined cobalt supply.
Book: The End of Alchemy: Money, Banking, and the Future of the Global Economy by Mervyn King (W. W. Norton, 2016). The former Bank of England Governor’s book-length argument that the post-1971 monetary system — in which central-bank money is fiat, paper-based and ultimately uncovered — carries an in-built fragility that requires central banks to act as “pawnbroker for all seasons”. The natural pair for today’s page 6 ECON-committee piece in which Vice-President Luis de Guindos presents the ECB Annual Report 2025, with euro-area real GDP growth of 1.4 per cent in 2025, headline HICP inflation of 2.1 per cent, a cumulative 100-basis-point cut to the deposit rate that brings it to 2.0 per cent, and a digital-euro pilot scheduled for 2027 with first issuance not before 2029.
Book: Berlin: The Downfall 1945 by Antony Beevor (Viking, 2002). The British military historian’s reconstruction, drawing on Russian, German, American and British archives, of the final months of the Second World War in Europe — the Vistula–Oder offensive of January 1945, the Soviet encirclement of Berlin, and the unconditional surrender of all German forces signed late on the night of 8 May at the Karlshorst military engineering school in eastern Berlin and dated, in the Moscow time zone, 9 May. The right pair for today’s page 13 entry in Today in History on the Karlshorst signing, and for the Schuman Declaration of five years later that opens this paper’s closing quote.
Book: Patients, Potions and Physicians: A Social History of Medicine in Ireland 1654–2004 by Tony Farmar (A&A Farmar in association with the Royal College of Physicians of Ireland, 2004). A 350-year social history of medicine in Ireland, from the foundation of the College of Physicians under royal charter in 1654 through the dispensary system, the workhouse infirmaries, the foundation of the voluntary hospitals, the Mother and Child Scheme of 1951, and the long arc of the modern Irish public hospital. The natural reading alongside today’s page 4 piece on HIQA’s 7 May statement covering three children’s residential centres operated by Tusla — one South West centre in which a risk-based February inspection found regular illicit drug use and an urgent compliance plan was issued on the first day — and today’s page 3 lead on the Department of Health’s late-April refresh of the CSO MORT03 standardised mortality ratio and MORT04 five-year age-standardised mortality rate datasets on data.gov.ie.
Place to visit: Killruddery House and Gardens, Bray, Co. Wicklow — the seventeenth-century seat of the Brabazon family (the Earls of Meath) on the southern edge of Bray, with the most complete formal gardens of the period surviving anywhere in Ireland. The Long Ponds, the Sylvan Theatre and the beech hedge maze were laid out in the 1680s by a French élève of Le Nôtre and have been continuously maintained since. The house and gardens are open Tuesday to Sunday in May, 09:30–17:00; the gardens are open daily, the house on guided tours through the afternoon. The walled kitchen garden is in full early-summer planting this week — the Saturday market in the courtyard runs 10:00–15:00 with stalls from Wicklow growers and producers. Twenty-five minutes from Dublin city centre on the N11; the DART runs to Bray and a 4 km walk or short taxi onward to the gates.
Football — Premier League Matchday 36 opens at the standard 15:00 BST Saturday slate; UEFA Champions League final two weeks ahead, Allianz Arena, Munich, 30 May: Premier League MD36 runs across the weekend of 9–10 May 2026. The standard Saturday card is the 12:30 BST early kick-off, the 15:00 BST middle bracket, and the 17:30 BST broadcaster headline; Sunday holds the 14:00 / 16:30 / 19:00 BST split. With three matchdays remaining the title is still decided on goal difference, the fourth Champions League qualifying slot is live, and the relegation picture is mathematically open at the foot — the season closes on Sunday 24 May with the simultaneous final-day card. The Champions League final at the Allianz Arena, Munich, kicks off at 20:00 BST on Saturday 30 May, two weekends ahead, with the pairing settled in the second legs of 5–6 May. Standings, broadcaster split and the MD36 order of play at premierleague.com.
Cycling — Giro d’Italia 109 Stage 2, Plovdiv–Veliko Tarnovo, today; race finishes in Rome 31 May: The 109th edition of the Giro opened in Sofia yesterday with Stage 1 to Plovdiv (187 km flat). Stage 2 today, Saturday 9 May, runs through the Bulgarian interior — a stage for the sprinters before the rolling third Bulgarian stage on Sunday and the rest day and transfer to Italy on Tuesday 12 May. The race finishes in Rome on Sunday 31 May. The 79th Tour de Romandie, the principal pre-Giro tune-up, closed on Sunday 3 May with the flat 17.1 km individual time trial in Geneva. Route, start list, stage profiles and broadcaster split (Eurosport / discovery+) at giroditalia.it.
Tennis — Internazionali BNL d’Italia third-round main draw plays out today, Foro Italico, Rome: The combined ATP 1000 / WTA 1000 clay-court swing moved from Madrid to Rome on Wednesday with the main-draw first round opening on Wednesday 6 May at the Foro Italico. Third-round play runs across today and tomorrow, with the round of sixteen on Monday and Tuesday and the men’s and women’s singles finals on Sunday 17 and Saturday 16 May respectively. The Internazionali is the last 1000-level clay event before Roland-Garros opens on Sunday 24 May. Order of play, draw and broadcaster split (Sky Sports Tennis in the UK and Ireland; discovery+ for the women’s draw) are on internazionalibnlditalia.com.
League of Ireland — Premier Division Round 12 closes tonight, 19:45 IST kick-offs: The 2026 League of Ireland Premier Division Round 12 opened on Friday night with four 19:45 IST kick-offs and closes tonight, Saturday 9 May, with the remaining fixtures at the same slot — LOITV live, Soccer Republic highlights on RTÉ on Monday. After Round 11 the title race is one of the tightest on record at this stage of the season; six of the ten Premier Division clubs are within four points at the top of the table. Round 13 follows next Friday and Saturday on the same Friday-and-Saturday split. Standings, fixtures and stadium-by-stadium broadcaster pickups at loi.ie.
Horse racing — Lockinge Stakes meeting at Newbury next Saturday; Curragh on Sunday: The flat-racing season is past the early-season Newmarket classics — the 2,000 Guineas and the 1,000 Guineas were run at the Rowley Mile across the first weekend of May. The Lockinge Stakes (Group 1, one mile) at Newbury is next Saturday, 16 May 2026, the first of the season’s Group 1 mile contests on the older horses; previewing it through the week. The Curragh runs a flat card tomorrow, Sunday 10 May; the Punchestown National Hunt Festival closed at the start of the month. Race-by-race cards and going at horseracingireland.ie.
Results & Fixtures — Week in review & week ahead
| Sat 2 May | Premier League MD35 opens (Sky / TNT); Tour de Romandie queen stage Aigle–Thyon 2000, 167.7 km (Eurosport); Madrid Open men’s & women’s semi-finals (Sky); World Snooker final sessions 2 and 3, 14:30 & 19:00 BST (BBC / Eurosport); League of Ireland Round 11 closing fixtures, 19:45 IST |
| Sun 3 May | Tour de Romandie Stage 5 closing ITT, 17.1 km in Geneva — final GC decided (Eurosport); Madrid Open women’s singles final (Sky); Premier League MD35 Sunday card (Sky / TNT); World Snooker final session 4 (BBC / Eurosport); Punchestown Festival closes |
| Mon 4 May | Premier League MD35 closed — early-May bank-holiday card (Sky / TNT); Madrid Open men’s singles final, Caja Mágica (Sky); World Snooker final deciding session 19:00 BST if required (BBC / Eurosport) |
| Tue 5 May | UEFA Champions League semi-final second leg #1 at the higher-seeded club, 20:00 BST (TNT Sports / discovery+) |
| Wed 6 May | UEFA Champions League semi-final second leg #2 closed at the higher-seeded club, 20:00 BST (TNT Sports / discovery+); Internazionali BNL d’Italia — main-draw first round opens, Foro Italico, Rome (Sky Sports Tennis / discovery+) |
| Thu 7 May | Internazionali BNL d’Italia — second-round main draw, Foro Italico, Rome (Sky Sports Tennis / discovery+); League of Ireland Premier Division Round 12 build-up day |
| Fri 8 May (yesterday) | Giro d’Italia 109 Grande Partenza — Stage 1, Sofia–Plovdiv, 187 km flat (Eurosport / discovery+); League of Ireland Round 12, four 19:45 IST kick-offs (LOITV); Internazionali BNL d’Italia — third-round main draw opens, Foro Italico, Rome (Sky Sports Tennis / discovery+) |
| Sat 9 May (today) | Premier League MD36 opens, 12:30 / 15:00 / 17:30 BST (Sky / TNT); Giro d’Italia Stage 2, second Bulgarian stage (Eurosport / discovery+); Internazionali BNL d’Italia — third-round play, Foro Italico, Rome (Sky Sports Tennis / discovery+); League of Ireland Round 12 closing fixtures, 19:45 IST (LOITV) |
| Sun 10 May | Premier League MD36 Sunday card, 14:00 / 16:30 / 19:00 BST (Sky / TNT); Giro d’Italia Stage 3, third Bulgarian stage (Eurosport / discovery+); Curragh Sunday flat card; Internazionali BNL d’Italia round of sixteen opens (Sky Sports Tennis) |
| Sat 16 May | Lockinge Stakes (Group 1, 1m) — Newbury (ITV); Internazionali BNL d’Italia women’s singles final (Sky Sports Tennis / discovery+); Premier League MD37 Saturday card |
| Sat 30 May | UEFA Champions League final — Allianz Arena, Munich, 20:00 BST (TNT Sports / discovery+) |
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