Image of the week: Brussels bound
No one can accuse Michael O'Leary of not doing his bit for the Remain campaign in Britain's EU referendum. It was off to Stansted this week for the Ryanair chief executive, who posed amid a sea of seats with "stronger, safer and better off in Europe" stickers on them – oh, and announce 450 new jobs. Elsewhere in the hangar, UK chancellor George Osborne, his former coalition partner Vince Cable and his former Labour shadow Ed Balls were invited to do a spot of aircraft maintenance. That's what it looked like anyway. Appealing to the cheap flights vote – which is pretty much everyone – O'Leary repeated his informed view that if Britain opts for a Brexit, it is a "certainty" that the cost of flying will rise.
Photograph: Stefan Rousseau / PA Wire
In Numbers: BBC recipe love
11,000
BBC recipes that were reportedly set to "fall off the face of the internet" as the organisation cuts down on magazine and local news content on its website, as well as the Newsbeat service aimed at young people. That sound you hear is Google and Facebook laughing all the way from Silicon Valley.
7
BBC carrot and coriander soup recipes currently available online for all your carrot and coriander soup needs. Even after the recipe part of its website is shut down, the archive will still be searchable and most of the recipes will also transfer to the commercial BBC Good Food website, so really not much to worry about here.
150
Number of local news journalists who will be employed by local news organisations under a content-sharing scheme funded to the tune of £8 million by the BBC. That’s more like it.
The Lexicon: Donju
"Donju" are a growing generation of "masters of money" in Pyongyang, North Korea. The wealthy elite are said to live in "Pyonghattan", a quasi-capitalist parallel universe to the Soviet-style hegemony that persists elsewhere, and advertisers are beginning to target them. Small, subtly placed ads for consumer goods, from vodka to mobile games, are swamped by the large propaganda posters that praise the ruling Workers' Party or leader Kim Jong Un, according to Reuters, but the news agency describes them as a significant departure in a country where the state is supposed to have a monopoly on the ideas sold to the public. The "donju", according to the South China Morning Post, often hold official government positions in ministries or the military and they are partial to Western fashion brands such as H&M and Zara.
Getting to know: Chris Reid
It hasn't been the best of weeks for Chris Reid, the head of Security Search Management and Solutions. His firm, alongside some dog handlers provided another company, was the one that conducted the training exercise at Old Trafford in which a mock-up of a pipe bomb was left behind, forcing the abandonment of Manchester United's last match of the season. Reid (62), who described the error as a "very unfortunate situation", said he was to blame for logging the dummy bomb as having been recovered after the exercise. The former counter-terrorism adviser for the Metropolitan Police has previously worked on security for the London 2012 Olympics and last year's Rugby World Cup, where he "provided an assuring eye on search and other security responses". Trying to ensure the safety of the public at sporting and other events has been his "life's work", he said, as he apologised profusely.
The list: Trump and other ‘tail risks’
Global fund managers are preparing for a "summer of shocks" on equity markets, according to a survey by Bank of America Merrill Lynch. So what are their biggest worries?
1 Brexit Although most investors don’t think Britain will vote to leave the EU, the chance that they might is now fund managers’ top fear.
2 China A devaluation by China or a series of defaults by Chinese companies would have unpleasant consequences.
3 Quantitative failure Doubt lingers about the effectiveness of the policies at the disposal of central banks.
4 Trump factor US politics was the fourth-placed tail risk in this survey, but for star fund manager Richard Buxton of Old Mutual, the idea of President Trump is far scarier for markets – and may prompt a November panic – than what he sees as the low risk of a Brexit.
5 US stagflation Beating “geopolitical crisis” into sixth place was the spectre of stagflation – aka higher rates of inflation at a time when economic is dismally stagnant.
