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West Bromwich Albion is facing a potential points deduction that could lead to their relegation from the Championship after the season has ended. The club is contesting charges of breaching the English Football League's (EFL) profit and sustainability (P&S) rules, specifically an alleged breach of the £39m loss limit in the three-year period culminating in the 2024-25 season.The EFL's sanctioning guidelines state that any punishment for a P&S breach must be applied in the campaign after it took place. However, the rulebook does not provide a definitive cutoff point for the end of the season, creating uncertainty about when the punishment would be applied.West Brom's situation is complicated by their current relegation battle in the Championship. With four games remaining, they are two points clear of third-bottom Oxford United. A small points deduction could send them down to League One.The EFL has until the end of the season to conclude the case, but the exact timing is unclear. Possible dates include the final round of league games on May 2, the Championship playoff final on May 23, or even the publication of next season's fixtures on June 25.In a similar case, Derby County was fined £100,000 and later docked 21 points for P&S breaches and entering administration, resulting in relegation. West Brom insists it has complied with P&S rules despite recorded combined losses of £55.6m since 2022.The dispute centers on the treatment of interest payments on loans taken out during the sale process of the club. West Brom is determined to fight the charges, and any sporting sanction imposed would likely lead to an appeal with significant legal ramifications.

The International Monetary Fund (IMF) has issued a stark warning that a further escalation in the Iran war could lead to a global recession, spiralling inflation, and a sharp backlash in financial markets. The Washington-based fund cited the economic damage from the Middle East conflict as steadily rising, prompting it to cut its growth forecasts for 2026.In its half-yearly update, the IMF predicted that the UK would suffer the sharpest growth downgrade and joint highest inflation rate in the G7 this year. Even if the fallout from soaring energy costs can be contained by the middle of 2026, the fund warned of a close call for a global recession under a worst-case 'severe scenario'.This severe scenario, involving a drawn-out war and persistently higher energy prices, would see the world face a global recession for only the fifth time since 1980. Oil prices jumped back above $100 (£74) a barrel on Monday amid choppy trading in global markets. The IMF's chief economist, Pierre-Olivier Gourinchas, noted that despite a temporary ceasefire, some damage is already done, and downside risks remain elevated.The IMF set out three possible scenarios for the war in its World Economic Outlook (WEO), including a central 'reference forecast' based on the assumption that disruption to the world economy from the war fades by mid-2026. This forecast predicts global growth would fall from 3.4% last year to 3.1% in 2026, a downgrade of 0.1 percentage points.Under the adverse scenario, with the global oil price remaining at $100 this year before falling back to $75 in 2027, growth would fall to 2.5% this year, and inflation would rise to 5.4%. In the severe scenario, with a lengthier, intensive war keeping the oil price above $110 into 2027, global growth would collapse to about 2%, a threshold widely seen as equivalent to a worldwide recession.The IMF urged countries to stage a coordinated response to the economic fallout from the war and called on central banks to remain vigilant. It also advised governments to focus on temporary and targeted measures to support businesses and households.

In a fresh University of Massachusetts and YouGov poll of 1,000 U.S. adults conducted in early April, country‑music legend Dolly Parton emerged as the most favorably viewed global figure, securing a 70% favorable rating and only 5% unfavorable, translating to a net favorability of +65%. Former President Barack Obama ranked second with a net favorability of +14% (50% favorable, 36% unfavorable). Ukrainian President Volodymyr Zelenskyy followed closely, posting a net favorability of +12% after 35% of respondents expressed a favorable view and 22% an unfavorable one. Other political figures fared poorly: former President George W. Bush earned a modest +5% net score, while Donald Trump and Joe Biden registered negative net favorabilities of ‑18% and ‑19% respectively. Pop star Taylor Swift managed a modest +3% net rating, and Russian President Vladimir Putin landed at the opposite extreme with a stark ‑65% net favorability. Parton’s dominance is notable not only for the size of the margin—over 50 percentage points ahead of her nearest rivals—but also because she is the only figure, aside from Obama, for whom a majority of respondents expressed a favorable opinion. Analysts attribute Parton’s success to her deliberately apolitical public persona and extensive charitable work. In a 2017 interview, she emphasized, “Everybody knows I don’t play politics,” a stance that has helped her maintain a broad bipartisan fan base. Her philanthropic impact is substantial. The Dollywood Foundation’s Imagination Library has donated more than 270 million books to children under five across the United States, Canada, the United Kingdom, Ireland, and Australia. Additional contributions include a $1 million gift to Vanderbilt University Medical Center that supported the development of the Moderna COVID‑19 vaccine, over $12 million to families displaced by the 2016 Tennessee wildfires, and ongoing funding for pediatric infectious‑disease research. Parton’s charitable achievements were recognized with the Carnegie Medal of Philanthropy in 2022**, and she was highlighted by Time as one of the most influential philanthropists of 2025. The poll’s findings suggest a public appetite for figures who embody generosity and cultural resonance without entanglement in partisan politics, underscoring a broader trend of voters gravitating toward non‑political icons in an era of heightened polarization.

HSBC’s chief executive, Georges Elhedery, told Bloomberg Television at a conference in Hong Kong that the ongoing Iran war is undermining global economic confidence. He warned that the conflict’s duration could amplify price pressures on commodities such as oil, refined products, fertilisers and metals, extending the impact far beyond the Middle East. Brent crude, which had briefly risen above $100 per barrel, slipped 0.9% to $98.5 per barrel after a U.S. blockade of Iranian ports took effect. Negotiations between the United States and Iran are set to resume in Islamabad, but no agreement was reached in the previous talks. In London, the FTSE 100 edged up 22 points (0.21%) to 10,605, even as Imperial Brands led the losers, citing a “more uncertain geopolitical and macro environment.” The UK recruitment firm PageGroup warned that the Middle East conflict is creating an “increasingly uncertain outlook” for the rest of the year, with salaries lagging behind 2022‑2023 levels across the UK, Europe, the Middle East and Asia. HSBC holds a 31% stake in Saudi Awwal Bank, making it one of the European banks most exposed to the region, which contributes roughly 4% of its pre‑tax profit according to JP Morgan analysts. Nevertheless, Elhedery noted that capital outflows from the Middle East have been “very benign” so far. Since the U.S. and Israel began striking Iran on 28 February, some affluent Middle‑Eastern investors have started exploring relocation to financial hubs such as Singapore and Hong Kong. HSBC chair Brendan Nelson stressed that a peace settlement is essential to restore global energy flows, warning that prolonged disruption would lift inflation and suppress growth. “The longer the disruption continues, the more the indirect effects from higher energy costs will lift inflation and depress growth,” he said at the HSBC Global Investment Summit. Manufacturers reliant on petroleum‑derived synthetic fabrics, such as sportswear maker Castore, reported cost increases of 10‑15% and warned that continued conflict could push those costs onto consumers. Co‑founder Tom Beahon described price volatility as “very difficult to plan,” with daily swings of up to 40%. Logistics are also strained: airlines have reduced flights and vessels remain stranded in the Strait of Hormuz, complicating product shipments. Castore hopes that a resolution in the coming weeks will limit the impact on customers. Virgin Atlantic chief executive Corneel Koster told the Financial Times that jet‑fuel prices have more than doubled since the war began, adding that “some of this disruption to global energy prices will be here to stay.” UK Chancellor Rachel Reeves, speaking at the IMF and World Bank spring meetings, called for coordinated economic action, stating that the Iran conflict must become “a line in the sand” for how the world handles crises and instability.

National Gas announced that the United Kingdom will have enough gas to satisfy summer demand despite recent tensions in the Strait of Hormuz. The network, which runs the country’s gas pipelines, says domestic and Norwegian supplies will cover the low‑usage months, meaning liquefied natural gas (LNG) imports will be minimal this summer. The real challenge lies ahead. While renewable rollout is accelerating, gas will remain a core part of the UK’s energy mix for at least the next two decades. It accounts for about 37% of total gas consumption in 2024, with domestic heating being the largest single use. Replacing millions of boilers with heat pumps cannot happen quickly, especially given the current sluggish pace. Government plans for 2030 still require the full 35 GW of gas‑fired generation capacity to stay online as backup. Energy department data released in early 2025 showed gas demand “broadly stable” for the third consecutive year, representing roughly half of the nation’s 75.2% fossil‑fuel dependency. In the debate over new North Sea drilling licences, the key question is where future gas will come from. Oxford energy economist Sir Dieter Helm, speaking on a Chatham House podcast, warned that gas will dominate the energy supply for the next decade or two and that the cheapest, least polluting option is pipeline gas—not LNG. Analysis from Wood Mackenzie confirms this hierarchy. Pipeline gas from modern Norwegian platforms has the lowest carbon intensity, followed by UK North Sea pipelines. By contrast, LNG adds significant emissions during liquefaction and regasification, and US LNG is the most carbon‑intensive because much of it originates from shale gas with higher methane leakage. Wood Mackenzie’s import forecasts to 2045 paint a stark picture: if domestic production wanes, the UK could rely on US LNG for over 60% of its total gas supply by 2035. The firm notes that Middle‑East gas is geared toward Asian markets, while US cargoes are increasingly directed to Europe, raising concerns about over‑reliance on a single supplier. These projections underpin the argument for expanding UK North Sea extraction. More domestic drilling would reduce dependence on US LNG—a geopolitical risk given the United States’ tendency to use energy as a foreign‑policy lever—and would also lower the overall carbon footprint of the gas supply chain. Critics often claim that North Sea output is exported, so it does not improve national security. Two counter‑points are clear: first, gas delivered directly via pipeline to the UK network is inherently more secure than trans‑Atlantic cargoes; second, the UK could negotiate long‑term, fixed‑price contracts with producers, a model that worked well in the early days of North Sea development. None of this diminishes the importance of renewables and nuclear power. Electrification remains the long‑term goal, but gas will stay in the energy basket for years to come. Offshore Energies UK estimates that, with a pragmatic licensing approach, reliance on LNG could be limited to 6% of total gas supplies by 2035. Assuming political stalemate eases, the pending approval of the Jackdaw field—accounting for roughly 6% of current domestic production—could spark a more nuanced debate about the UK’s gas procurement strategy, moving beyond the simplistic “renewables vs. gas” narrative. Reflecting on the recent Iran‑UK conflict, Prime Minister Rishi Sunak highlighted the need for “secure, homegrown energy”. The logical follow‑up is twofold: accelerate electrification to cut gas demand, and while gas remains essential, avoid turning the UK into an “energy prisoner of the US”. Beyond the geopolitical and environmental benefits, expanding North Sea output would also support jobs, tax revenue, and the balance of payments.

Manchester City's recent comprehensive win over Chelsea has brought them within six points of Premier League leaders Arsenal, reigniting the title race. A viral social media meme featuring a City fan mocking Arsenal's struggles has captured the attention of football fans worldwide.The fan in question was seen mimicking a celebratory sip from an empty plastic bottle adorned with an Arsenal logo, leaving City's supporters in laughter and making viewers wonder if Arsenal have 'bottled it' once more. This comes after Arsenal's dramatic stumble over the past few weeks, including a loss to 11th-placed Bournemouth in the Premier League.Arsenal's quadruple hopes have taken a hit, with the team suffering three consecutive losses in local competitions. Manager Mikel Arteta acknowledged that his players are hurting but need to 'take it on the chin' and 'embrace the challenge' ahead. The team's fate is now as much in Manchester City's hands as it is in their own.Meanwhile, Manchester City's manager, Pep Guardiola, remains alert to the threat posed by Arsenal despite their recent blip. Guardiola emphasized the need for respect towards Arsenal, stating that beating them twice in a few weeks will be extremely difficult. City are favourites to lift the FA Cup and could still bag their 11th league trophy, with some experts predicting a domestic treble for the Sky Blues.

A French court has convicted cement giant Lafarge of financing terrorism through its Syrian subsidiary, fining the company €1.12 million ($1.32m) and confiscating €30 million ($35.1m) worth of its assets. The court also sentenced former CEO Bruno Lafont to six years in jail.The Paris court ruled that Lafarge had paid protection money directly to ISIL (ISIS) and other armed groups, breaching European sanctions to operate in northern Syria during the country's civil war in 2013-2014. The company paid a total of €5.59 million ($6.55m) to armed groups in Syria, including to ISIL and the al-Nusra Front.The court found that Lafarge's payments helped to strengthen groups that carried out deadly attacks in Syria and beyond. The company's former deputy managing director, Christian Herrault, was sentenced to five years in jail, while other former employees received fines and sentences ranging from one to seven years.The case marks the first time a company has been tried in France for financing terrorism. Lafarge, now part of Swiss building materials conglomerate Holcim, acknowledged paying nearly €13 million ($15.2m) to middlemen to keep its Syrian cement factory running during the war. The company claimed it bore no responsibility for the money winding up in the hands of armed groups.In a separate case in the United States, Lafarge admitted to paying $6m to ISIL and the al-Nusra Front to allow employees, customers, and suppliers to pass through checkpoints. The company paid $778m in forfeiture and fines as part of a plea agreement.

Match details: Atletico Madrid will meet Barcelona on Tuesday at 21:00 CET (19:00 GMT) in the Metropolitano Stadium for the Champions League quarter‑final second leg. The fixture decides which side advances to the semi‑finals. After a 2‑0 first‑leg triumph at Camp Nou, Atletico enter the tie as favourites despite trailing Barcelona in the La Liga table. Their advantage stems from goals by Julian Alvarez and Alexander Sörloth, who capitalised on a red card for Barcelona defender Pau Cubarsi. Barcelona, the reigning Spanish champions, are desperate to overturn the deficit. They bolstered their domestic campaign with a 4‑1 win over Espanyol, extending their lead over Real Madrid to nine points. Ferran Torres netted a brace, assisted by teenage prodigy Lamine Yamal, while Marcus Rashford added the fourth. Atletico’s weekend league performance was less convincing, suffering a 2‑1 loss to Sevilla after heavy rotation by Diego Simeone. The loss left them fourth in La Liga with 57 points, four behind Villarreal. Historical context: The two clubs have met 251 times, with Barcelona winning 115 matches, Atletico 79 and 57 draws. Their recent knockout encounters include Atletico’s victories in the 2014 and 2016 quarter‑finals, both decided over two legs. Team news: Atletico will miss Marc Pubill (suspension) and have Jose Giménez, Pablo Barrios and David Hancko listed as doubtful. Barcelona’s defender Pau Cubarsi is suspended, replaced by Ronald Araujo. Injuries rule out Marc Bernal, Raphinha and Andreas Christensen. Predicted line‑ups: Atletico – Musso; Molina, Le Normand, Lenglet, Ruggeri; Llorente, Koke; Simeone, Griezmann, Lookman; Alvarez.Barcelona – Joan Garcia; Koundé, Araujo, Martín, Cancelo; Eric Garcia, Pedri; Yamal, Fermin, Rashford; Lewandowski. Managerial insights: Simeone stressed the need to stay focused on the objective of advancing, while Barcelona coach Hansi Flick highlighted the quality of his squad and the importance of collective effort. With a slim margin separating the sides, the second leg promises a tactical battle that could see either club secure a coveted place in the Champions League semi‑finals.

Islamabad transformed into a security zone on Saturday as the city imposed a lockdown, sealing roads, establishing checkpoints, and deploying over 10,000 security personnel ahead of the anticipated US‑Iran ceasefire talks. The Iranian delegation arrived quietly late on Friday night, traveling through Balochistan before a Pakistani Air Force aircraft switched off its call sign. By the next afternoon, the American team touched down at Nur Khan Air Base, a site India once claimed was damaged during last year’s brief conflict. On the tarmac, three distinctive tail fins—one American, two Iranian—caught the eye, a subtle reminder of the region’s reliance on symbolism. Both delegations were escorted along pre‑cleared routes to the Serena Hotel, which had been emptied and secured days earlier, turning the former luxury venue into a tightly controlled diplomatic arena. This marked the first direct, high‑level engagement between post‑revolution Iran and the United States on foreign soil. Clashing worldviews in the negotiation room Inside, the talks juxtaposed an American “peace through strength” stance with Iran’s “resistance with dignity” perspective. Pakistani Prime Minister Shahbaz Sharif warned the night before that the meeting was a make‑or‑break moment for lasting peace. Iran’s chief negotiator, Mohammad Bagher Ghalibaf, set pre‑conditions: any dialogue required progress on a Lebanon ceasefire—where Israel’s campaign has killed over 2,000 people—and the unfreezing of Iranian assets held abroad, which have crippled Tehran’s economy. Within hours of arrival, bilateral side‑talks began, offering a tentative thaw for Pakistani officials facilitating the process. Although previous rounds in Muscat, Vienna, Geneva and Abu Dhabi suffered from deep mistrust, this was the first occasion that the United States’ vice‑president JD Vance and Iran’s parliamentary speaker Ghalibaf faced each other face‑to‑face. Pakistan’s strategic mediating role Pakistan leveraged its unique position—close ties to Gulf states, a shared border with Iran, proximity to the Strait of Hormuz, and a strategic partnership with China—while not hosting US military bases. This allowed Islamabad to engage all parties without overt alignment. The marathon 21‑hour session Officials described the talks as continuous yet uneven. The first session lasted under two hours, followed by a brief procedural pause during which dinner was served but informal discussions continued. Subsequent rounds involved multiple draft exchanges and rapid redrawing of red lines, with constant communication to Washington—including President Donald Trump—and Tehran. Pakistani leaders, including Prime Minister Sharif, Foreign Minister Ishaq Dar, and Army Chief Asim Munir, worked around the clock, aiming not for a final pact but for a framework to prevent further escalation. Why the talks stalled As the session entered its final phase, the United States signaled an abrupt end. JD Vance summed up the outcome: “We had substantive discussions, but no agreement.” He emphasized the US demand for an affirmative, long‑term commitment from Iran not to pursue nuclear weapons, describing Washington’s proposal as its “final and best offer.” Iran’s ambassador in Islamabad framed the meeting as “not an event, but a process,” claiming it laid groundwork for future dialogue, while state‑affiliated outlets criticized the US stance as overly demanding. A senior Iranian foreign‑ministry spokesperson noted that, for Tehran, diplomacy is a continuation of its broader struggle, and any progress hinges on the other side’s “seriousness and good faith.” Pakistan’s cautious post‑talk posture Finance Minister Dar thanked both sides and pledged continued facilitation, avoiding any claim of victory or admission of failure. Behind the scenes, officials acknowledged pressure from multiple fronts—including Israel, whose prime minister Benjamin Netanyahu is perceived by some sources as a major obstacle to peace. Aftermath in Islamabad The city did not immediately revert to normal; security checkpoints and traffic diversions persisted, and the Serena Hotel remained under tight control. Journalists reported a disciplined environment with limited leaks, suggesting a deliberate effort to contain information. As the delegations departed, the door on diplomatic engagement remained open, albeit without a concrete agreement. The talks, though inconclusive, demonstrated that high‑level US‑Iran dialogue is possible under Pakistan’s mediation, preserving a channel that could prove pivotal in future regional negotiations.