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UK economy is projected to shed 163,000 jobs in 2026, according to forecasting group Item Club, as the ongoing Iran war pushes oil prices up and drags manufacturing, construction, retail and hospitality sectors.Projected Job Losses Amid Iran ConflictThe latest regional outlook from the Item Club warns that the war‑induced energy shock will ripple through the British labour market. With no sign of a cease‑fire, higher energy costs and supply chain disruptions are expected to force firms to cut headcount, especially in regions that rely heavily on manufacturing and construction.Numbers Behind the ForecastNational total: 163,000 jobs lost in 2026South Wales: 5,700 jobsThe Humber: 2,800 jobsLondon (retail & hospitality): 25,000 jobsBirmingham: 12,500 jobsLeeds: 9,800 jobsGlasgow: 6,200 jobsRegional Pain Points and Sectoral SpilloversLower‑income areas such as South Wales and the Humber are hit hardest because they depend on energy‑intensive industries. As households in these regions face tighter budgets, discretionary spending falls, amplifying the slowdown in retail and hospitality nationwide. The forecast also underscores a broader macro‑economic drag: higher oil prices raise production costs, erode profit margins, and dampen investment confidence.What the Outlook Means for Policy and MarketsLabour leader Keir Starmer faces a political test, with rising unemployment likely to fuel criticism ahead of upcoming elections. Policymakers may need to consider targeted fiscal support for the most affected regions, alongside measures to stabilise energy prices. Financial markets are already reacting to the oil rally—Brent futures rose over 4% to around $105 per barrel—which could translate into higher inflation pressures and influence Bank of England rate decisions.

The Comeback StoryWhen Antonin Kinsky had his Madrid episode against Atlético in the Champions League last 16 first leg on 10 March, there was an assumption that he would not play again for Tottenham this season. The 23-year-old goalkeeper's performance was so poor that many believed he would have to rebuild himself elsewhere, probably on loan. However, Kinsky's comeback has been extraordinary; an inspiration to everybody at the club.With first-choice goalkeeper Guglielmo Vicario undergoing hernia surgery towards the end of March, manager Roberto De Zerbi has counted on the Czech in each of his four matches in charge. The manager has not been let down. Kinsky's standout moment was the diving save to keep out João Gomes's stoppage-time free-kick for Wolves and preserve a 1-0 win.Tottenham's Home StruggleBefore the start of this match week, Tottenham had the joint-worst home record in the Premier League with Burnley – two wins, five draws, 10 defeats. By contrast, Spurs entered the weekend with the third-best away record. This disparity has puzzled De Zerbi, who tried to dismiss it as a coincidence, pointing to wins against Borussia Dortmund at home in the Champions League in January and Atlético there in the second leg of the knockout tie.De Zerbi's sample size at the stadium is small – two matches as the visiting Brighton manager; one since he took over at Spurs, coincidentally against Brighton. He lost both in opposition 2-1, Spurs scoring late goals each time. And he was winning by the same scoreline last month until Georginio Rutter's stoppage-time equaliser for Brighton.De Zerbi's Positive ApproachDe Zerbi's attitude is to pretend that the Rutter sucker-punch did not happen. Focus only on the positives; it has been his mantra since he came to the club and it is not going to change now. "If you ask me, against Brighton, we won," he said. "We didn't take three points, we took one point, but in my head, we won. As a performance … if we analyse the game against Brighton, it's like a win."It's not my problem now to reflect on the home form in the league. I don't want to lose energy doing that. We have to be good and smart, to keep this mentality, to keep this momentum, with the same qualities we showed in this last period." De Zerbi was asked whether the stadium was too nice, too inspiring for opposing players. "No," he replied. "Because there are a lot of big, very nice stadiums like theatres in the Premier League. Tottenham's stadium is hot [in terms of atmosphere]. When I was here with Brighton and last month against Brighton, the stadium was very, very hot. We are lucky to play in this stadium. It is a pleasure."Goalkeeping Situation and Future OutlookVicario has not returned to full training, according to De Zerbi, despite the manager suggesting on more than one occasion of late that he was poised to do so. The situation is coloured by Inter's interest, with De Zerbi unable to say whether Vicario would remain at Spurs. De Zerbi has been categoric about wanting the on-loan midfielder João Palhinha to stay. He was more vague over Vicario."I don't know," De Zerbi said. "If you ask me if I've any ideas about next season, my answer is no. For two reasons. One, I have no time to think about next season. And two, after two wins, if I lose time thinking about next season's squad I am being arrogant. You think after two wins you already consider yourself safe? No." De Zerbi also provided an update on Dejan Kulusevski, who has been out all season with a knee injury, suggesting he may be able to be around the squad for the final game against Everton to boost morale, but nothing more.

Lead: Knicks Deliver Historic Sweep in PhiladelphiaThe New York Knicks wrapped up a 144‑114 victory over the Philadelphia 76ers to close out a 4‑0 series sweep, highlighted by an NBA postseason record of 11 three‑pointers in the opening quarter.Knicks Set NBA Postseason Record with 11 Threes in First QuarterIn Game 4, the Knicks erupted early, converting 11 of 13 attempts from beyond the arc – a mark that ties the league’s best for a single quarter. Deuce McBride spearheaded the barrage, hitting four consecutive threes to spark a 20‑6 run and becoming the first Knick since 1997 to make four threes in the first quarter of a playoff game.Jalen Brunson added two threes in the quarter, contributing to the Knicks’ 11‑of‑13 shooting display.Josh Hart and Karl‑Anthony Towns each tallied 17 points.The Knicks finished the half with 54 points from 18 threes.Statistical Breakdown: 25 Threes, 144 Points, 30‑Point VictoryDeuce McBride finished with 25 points and tied the NBA postseason record by draining 25 three‑pointers. The team’s shooting efficiency translated into a 30‑point margin, the widest in a series‑closing game this postseason.Total threes: Knicks 25 (tied record), 76ers 13First‑half lead: Knicks 81‑57Series sweep: Knicks’ first best‑of‑seven sweep since the 1999 East semifinals.What the Sweep Means for the Eastern Conference LandscapeThe dominant performance not only propels the Knicks into the Eastern Conference finals for a second consecutive year but also signals a shift in fan dynamics. Thousands of Knicks supporters filled the Wells Fargo Center, waving “Always Knicks” towels and even raising brooms to mock the home crowd, underscoring the team’s growing national brand.For the 76ers, the loss extends a franchise‑wide drought: they have not advanced past the second round since 2001. Despite Joel Embiid scoring 24 points and Tyrese Maxey adding 17, the series highlighted Philadelphia’s defensive vulnerabilities against high‑volume three‑point shooting.Looking Ahead: Knicks’ Path to the Conference Finals and BeyondNew York now awaits the winner of the Cleveland‑Detroit series, a matchup currently led by the Pistons 2‑1. Coach Mike Brown, who replaced Tom Thibodeau last season, has already guided the Knicks to seven straight playoff wins.Key challenge: Containing the Eastern powerhouse that emerges from the Cleveland‑Detroit clash.Potential storyline: Whether the Knicks can sustain their three‑point firepower against a defensively disciplined opponent.Long‑term implication: A deep playoff run could cement the Knicks’ resurgence after a 25‑year conference‑final drought.

The Washington Wizards clinched the coveted No.‑1 overall pick in the 2026 NBA draft lottery on Sunday, ending a 16‑year drought since selecting John Wall. The win positions the franchise to reshape a 17‑65 season and adds fresh urgency to the league’s pending lottery reforms.Wizards Secure Top Spot in the LotteryWashington held a 14% chance of landing the first pick, tied with Brooklyn and Indiana, and ultimately beat out Utah (No‑2), Memphis (No‑3) and Chicago (No‑4). The lottery also awarded the fifth pick to the Los‑Angeles Clippers via a trade with the Pacers, with the remaining slots filled by Brooklyn, Sacramento, Atlanta, Dallas, Milwaukee, Golden State, Oklahoma City, Miami and Charlotte.Odds, History and the End of an Era14% probability for the three teams with the best odds.Wizards had roughly a 50‑50 chance of landing a top‑four pick versus the No‑5 slot.This marks the final year of the current lottery format, which gives the worst teams a 14% chance.Starting next season, the NBA plans to reduce the worst‑team odds to 5.4% and expand the lottery pool to 16 teams, a move aimed at curbing tanking.Front‑Runner Prospects for the No.1 SelectionAJ Dybantsa (BYU) – led the nation with 25.5 points per game.Cameron Boozer (Duke) – AP Player of the Year, 22.5 points and 10.1 rebounds per game.Darryn Peterson (Kansas) – averaged 20.2 points in 24 games.Caleb Wilson (North Carolina) – 19.8 points, 9.4 rebounds, 58% shooting.All four were present at Chicago’s Navy Pier for the lottery announcement, underscoring the high‑profile nature of this draft class.Impact on the NBA’s Tanking NarrativeThe lottery outcome arrives as the league’s Board of Governors prepares to ratify a new framework that would lower the incentive for prolonged losing. By shrinking the odds for the bottom three teams and expanding the lottery pool, the NBA hopes to discourage “tanking” strategies that have dominated recent seasons.What Lies Ahead for Washington and the 2026 DraftThe draft kicks off on 23 June in New York. If the Wizards select a proven scorer like Dybantsa or a versatile forward such as Boozer, they could accelerate a rebuild that already saw the acquisition of Trae Young and Anthony Davis. The forthcoming lottery reforms will also reshape future draft strategies, making the 2026 draft a pivotal moment for both the Wizards and the league at large.

The Rise of Voice Communication in Offices As technology continues to advance, the way we communicate in the office is undergoing a significant shift. With the increasing popularity of dictation apps like Wispr, which can now be integrated with coding tools, the traditional office setup is expected to change dramatically. The Impact on Office Etiquette According to Edward Kim, co-founder of Gusto, the future of office communication will sound "more like a sales floor." This change is already being observed, with one VC noting that visiting startup offices now feels like stepping into a high-end call center. The Data Analysis Executives like Edward Kim are already adopting dictation as their primary means of communication, only typing when absolutely necessary. The trend is expected to become more widespread, with some entrepreneurs embracing the change as a natural progression. The Impact Analysis The shift towards voice communication in offices raises questions about the impact on office etiquette and dynamics. As AI entrepreneur Mollie Amkraut Mueller noted, her husband became annoyed with her new habit of whispering to her computer, leading to them working in separate spaces. The Prediction Despite the initial awkwardness, Wispr founder Tanay Kothari believes that this new way of communicating will become the norm, just like spending hours staring at our phones has become a part of daily life.

The Road to Record-Breaking Casper Ruud believes Jannik Sinner is not unbeatable but the rest of the field will have to catch the world No 1 on a favourable day as they try to stop him winning a record-extending sixth consecutive Masters 1000 title on home soil at the Italian Open. Sinner's Dominant Form “His results this year kind of speak for themselves,” said Ruud. “Four Masters 1000s in a row to begin the year. Four of four. He’s already made history, he can make more history. But he also showed in the beginning of the year, he’s beatable. Novak [Djokovic] beat him. [Jakub] Mensik beat him. The Challenge for Other Players “But when he’s on, not many can touch him. I would say that when both him and Carlos [Alcaraz] are on their highest level, they’re kind of unreachable for the rest at the moment. It’s a reason why they have won the last [nine] slams, these two guys.” Recent Results and Prospects Despite Sinner playing only one match so far, easing past Sebastian Ofner in straight sets in his second-round match on Saturday night, his prospects look even stronger than at the start of the week because of the struggles of many other top players. Ruud's Own Form and Outlook Ruud, the 23rd seed, has also struggled recently and this week marks his first outside the top 20 since 2021 as a consequence of not defending his title at the Madrid Open. However, he reached the fourth round on Sunday with an excellent 6-3, 6-4 win over the 11th seed, Jiri Lehecka.

The Shift in Putin's Stance Russian President Vladimir Putin has signaled that his country's war with Ukraine may be 'coming to an end'. Speaking after Victory Day events in Moscow, Putin said he was ready to hold direct talks with his Ukrainian counterpart Volodymyr Zelenskyy in Moscow or a neutral country. What Did Putin Say? “I think that the matter is coming to an end,” Putin told reporters of the Russia-Ukraine war, Europe's deadliest conflict since World War II. However, he added that he would be willing to meet Zelenskyy only after the terms of a peace agreement had already been settled. The Data Analysis The war has killed tens of thousands of people on both sides, left swathes of eastern Ukraine in ruins, and drained Russia's $3 trillion economy. Western-led sanctions have also impacted Russia's economy. The Impact Analysis Putin's remarks reflect mounting pressure on both sides after more than four years of war that has devastated parts of Ukraine and strained Russia's economy. The Russian president's suggestion that the end of the war may be approaching is being driven more by global 'hope and optimism' than by a sober reading of his words, according to analyst Keir Giles. The Prediction A deal has proved elusive as Russia has insisted on taking over the entire Donbas region and has opposed Ukraine's entry into NATO, while Kyiv has refused to concede any territory and has demanded that security guarantees be part of any deal. The US president placed ending the war in Ukraine at the heart of his 2024 re-election bid, even claiming he could halt the fighting within 24 hours of taking office again.

When the U.S. Supreme Court struck down Donald Trump’s tariffs, the Treasury and Customs and Border Protection launched a refund program that is already processing claims for hundreds of thousands of importers.The Refund Mechanism Unveiled by Federal AgenciesThe process, started in late April, requires the original “importer of record” – the customs broker that filed the original entry – to submit an electronic claim through the ACE Secure Data Portal. Claims can cover shipments that were liquidated within the past 80 days and, in some cases, still‑unliquidated entries.Scale of the Refunds: $166 bn Across 330,000 Importers$166 billion in tariff fees were collected under the International Emergency Economic Powers Act.Approximately 330,000 importers are eligible for refunds.Processing times reported by supply‑chain consultants range from 60 to 90 days.Why Original Customs Brokers Hold the KeyThe government’s insistence on using the original broker mirrors lessons learned from the Employee Retention Tax Credit fiasco, where third‑party firms filed fraudulent claims. This rule limits flexibility for businesses dissatisfied with their broker, but it also reduces the risk of fraud.What Businesses Should Expect in the Coming MonthsPrepare documentation and coordinate with your existing broker to file the Consolidated Administration and Processing for Entries (CAPE) digital file.Budget for service fees charged by firms like Supply Chain Solutions, which typically charge a percentage of the recovered amount.Account for tax implications: refunds received in 2026 are taxable if the original tariff expense was deducted in 2025.Monitor pledges from major shippers (FedEx, UPS, DHL) to pass refunds to their customers; large retailers such as Amazon and Apple have not yet disclosed policies.

The Unexpected Calm in Markets Amid a Major Energy ShockDespite the biggest energy shock in modern history – jet‑fuel shortages within weeks, soaring oil prices and a looming global recession – equity indices and corporate earnings calls have shown surprising resilience. Investors have leaned on AI‑driven growth stories and existing stockpiles, creating a stark contrast between market optimism and supply‑chain warnings.Supply‑Chain Strain from the Hormuz ClosureThe closure of the Strait of Hormuz at the end of February has choked a critical artery for Gulf oil, forcing Asian governments to impose conservation measures and, in some cases, outright rationing. Europe’s response has been muted, with higher petrol and diesel costs felt by motorists but no immediate production halt.Lucid Motors (US‑listed EV maker) initially said its Saudi plant would stay on track, then warned of “disrupted supply of materials critical in our manufacturing processes”.BMW’s finance chief Walter Mertl described the impact as “limited” and “temporary”.Analysts note that many firms still lack visibility beyond tier‑two suppliers, a legacy of the COVID‑19 pandemic.Oil Stockpiles and Commodity Price PressuresJP Morgan commodities analyst Natasha Kaneva highlighted that oil inventories have acted as a “shock absorber” but could reach “operational stress levels” across OECD countries as early as next month.Current global oil stockpiles are down 15 % from pre‑conflict levels (source: IEA).Fertiliser, aluminium and key chemicals (solvents, caustic soda, ammonia, methanol, ethylene) are already seeing price spikes of 10‑30 %.Why Companies May Be Underestimating the Real ThreatSupply‑chain mapping efforts post‑COVID have improved tier‑one visibility, yet “a lot of companies don’t have good enough supply‑chain visibility at the tier‑three or tier‑four level”, says an unnamed industry consultant. As emergency stocks dwindle, manufacturers risk sudden production stoppages.Potential “hot” material shortages could emerge by late May, especially for aluminium and specialised chemicals.Without a “panic button” trigger, firms are “eking out wherever they can”, increasing reliance on costly spot purchases.What the Next 3‑6 Months Could Hold for Global TradeEconomists warn that even if the Hormuz channel reopens tomorrow, normalisation may take months. Inflationary pressure will persist, with higher commodity costs feeding into consumer prices across Europe and the US.European consumers could face sustained price hikes for fuel and industrial goods, even without outright shortages.US shale producers stand to benefit, while lower‑income households bear the brunt of higher energy bills.Political messaging in the UK is focusing on blame attribution rather than consumer preparedness, risking delayed public response.In sum, the current market calm masks a fragile supply‑chain foundation. If stockpiles run dry and tier‑three dependencies surface, the “degree of complacency” could quickly turn into a systemic bottleneck.