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Blue Owl Capital, a leading private credit investment firm, has imposed a cap on withdrawals after investors attempted to redeem $5.4bn from two of its key funds. This move comes as a sign of dwindling confidence in the unregulated lending market.The New York-based firm revealed in filings that investors sought to withdraw 21.9% of the $20bn Credit Income Corp fund and 40.7% of its $3bn tech lending fund between January and March.The surge in redemption requests is attributed to growing concerns over potentially risky loans arranged by private credit firms, which operate outside the traditional regulated banking system. These firms are seen as particularly exposed to the AI spending boom.To manage the outflow, Blue Owl will limit withdrawals to 5% of the value of each fund per quarter. The firm stated that this decision was made to balance the interests of both withdrawing and remaining shareholders.Despite the increase in withdrawal requests, Blue Owl emphasized that underlying credit fundamentals across its portfolio have remained resilient. The firm attributed the surge in withdrawals to a period of heightened negative sentiment toward the asset class.The private credit industry has faced growing scrutiny over potentially weak lending standards, following a series of company failures, including Tricolor and First Brands. Regulators and industry experts have warned of potential ripple effects that could impact high street banks.The Bank of England's governor, Andrew Bailey, has cautioned against dismissing recent private credit failures as isolated incidents, citing concerns over transparency and potential risks across the sector.

European carmaker Stellantis has issued a recall for 44,000 vehicles in the UK due to a fault that could result in the cars catching fire. The issue affects certain models across its Peugeot, Citroën, DS Automobiles, Vauxhall, Lancia, Alfa Romeo, Jeep, and Fiat brands, produced between 2023 and 2026.The fault is related to a lack of clearance between the gas filter pipe and a component of the belt starter generator, which could cause water to leak into the engine bay during wet driving conditions. This creates a potential risk of fire in the engine.In response, Stellantis will immediately contact affected car owners to schedule a free appointment with their dealer. This recall comes as the company faces challenges, including a €22bn charge and the sale of a stake in its battery joint venture due to slower-than-expected growth in electric vehicles.The recall is a significant setback for Stellantis, which had previously planned to launch an electric truck, the Ram 1500 BEV. Meanwhile, sales of electric vehicles in Europe have soared, but demand in the US has collapsed following the withdrawal of a consumer tax credit.In contrast, rival Jaguar Land Rover (JLR) reported a recovery in sales over the past quarter, with a 61.1% jump in sales to 95,300 vehicles. However, quarterly sales were still down 14.5% compared to the same period a year earlier, largely due to a cyber-attack that halted production.

A virtual gathering of over 40 countries will set the agenda for a global military planning meeting next week, focusing on clearing sea mines and rescuing vessels immobilised in the Strait of Hormuz.UK Foreign Secretary Yvette Cooper opened the summit by condemning what she described as “Iranian recklessness” that endangers global economic security and threatens the flow of vital energy supplies.The discussions are proceeding without direct US involvement; instead, the UK, France, Germany, Australia and several Gulf states are exploring practical steps to restore access to the strategic waterway.President Donald Trump has urged nations that depend on the strait to “build up some delayed courage” and “just grab it,” a comment that has drawn criticism from UK officials.The strait transports 10‑25% of the world’s oil and gas. Prime Minister Keir Starmer warned that reopening the lane “will not be easy,” given the scale of the disruption.Cooper outlined a multi‑pronged approach: diplomatic and economic pressure, reassurance for industry, insurers and energy markets, and coordinated actions to guarantee the safety of trapped ships and seafarers.She cited more than 25 Iranian attacks on vessels, estimating around 20,000 seafarers on roughly 2,000 ships are currently stranded.Highlighting the broader stakes, Cooper referenced World Bank projections that a prolonged blockage could push 9 million people into food insecurity and trigger unsustainable spikes in oil and food prices worldwide.At a follow‑up session scheduled for Tuesday, military planners will consider how to marshal collective defensive capabilities, including the removal of mines that Tehran may have laid to sink ships.The meeting will be hosted by Britain’s Permanent Joint Headquarters in Northwood, London, with many international leaders joining virtually.Conservative leader Kemi Badenoch warned President Trump not to abandon “a mess he’s made” in the Middle East, echoing former US Secretary of State Colin Powell’s dictum, “if you break it, you own it.”Reform UK’s Nigel Farage said he was not “angry” with Trump for entering the conflict but found the president’s press briefings “difficult to interpret.”Liberal Democrat leader Ed Davey urged Prime Minister Starmer to “step up” plans and present a clear alternative for reopening the oil‑ and gas‑laden shipping route.

A Lebanese‑French visual artist, Ali Cherri, has lodged a formal complaint with the French war‑crimes unit in Paris, accusing Israel of committing a war crime after a 2024 airstrike on his family home in Beirut killed his parents and a domestic worker. The filing marks the first time a French court has taken up a case concerning Israel’s bombing of Lebanon and is an unusual move by an individual to pursue war‑crimes accountability. Israel has faced repeated accusations of violating international humanitarian law in Lebanon and Gaza, including attacks on civilians, medical facilities and forced displacement, yet no Israeli officials have been prosecuted to date. Cherri said, "Our demand is that an investigation is opened so that we know for a fact what happened, to name this attack as a war crime against civilians, and hopefully be able to name the people responsible." The apartment, built by his grandparents in central Beirut, was struck a few hours before a cease‑fire between Hezbollah and Israel took effect on 26 November 2024. The 13‑month conflict had already claimed roughly 4,000 Lebanese lives. The blast, which gave no prior evacuation warning, destroyed three floors, killing Cherri’s 86‑year‑old father Mahmoud Naib Cherri, 76‑year‑old mother Nadira Hayek, their employee Birki Negesa and four other civilians. In February, Amnesty International’s investigation concluded there was no military target at the time of the strike and urged that the incident be examined as a war crime. Forensic Architecture, a UK‑based investigative group that helped draft the complaint, produced a 3‑D reconstruction of the building and identified the munition as a GBU‑39 guided bomb – a 250 lb US‑made weapon frequently used by Israel in Lebanon and Gaza. The analysis underscored the targeted nature of the attack and, according to the group, demonstrated direct responsibility of the Israeli army. Amnesty International’s regional director for the Middle East and North Africa, Heba Morayef, called the French civil complaint “a rare opportunity” to hold Israel accountable in a European court, given the usual impunity. The case arrives amid renewed hostilities: on 2 March Hezbollah fired rockets at Israel, prompting an Israeli aerial campaign and ground invasion that has killed 1,318 people so far. Photographer Mohammed Shehab, who collaborated with Forensic Architecture on the Cherri investigation, was himself killed in an Israeli strike on 11 March, which also claimed his infant daughter’s life and wounded his wife – an incident the group described as “circumstances similar” to the Cherri bombing. While Cherri doubts any Israeli officials will face criminal charges, he insists that filing the suit is a moral duty to give a voice to victims who cannot pursue legal recourse themselves.

Allbirds, the sustainable trainer brand from San Francisco, has been sold to American Exchange Group for $39m (£29.6m). The brand was once valued at over $4bn but struggled to maintain demand for its wool-based footwear.The company's value tumbled by more than 99% since its listing on the US stock market in 2021. Allbirds had enjoyed rapid success in its early years, selling over 1m pairs of its original merino wool trainers in the first two years after its launch in 2016.Celebrities such as Leonardo DiCaprio, Oprah Winfrey, Gwyneth Paltrow, and Barack Obama were early adopters of the brand. However, the company's success was short-lived, and it eventually slipped into losses as competition intensified from eco-focused rivals.Neil Saunders, managing director of GlobalData, described Allbirds' downfall as going from 'a high flyer to a dead parrot.' The company's co-founder, Tim Brown, and engineer Joey Zwillinger had launched Allbirds amid growing interest in sustainable fashion.The takeover follows a sharp fall in sales in the third quarter of 2025, with a 23% decline to $33m and a $20.3m loss. Allbirds had been steadily closing stores since 2023 and announced the closure of all but two of its remaining 20 US stores.Joe Vernachio, CEO of Allbirds, stated that the next chapter for the brand will 'build on the foundational work already completed and set up the brand to thrive in the years ahead.'

The Alpine F1 team has strongly condemned the online abuse directed at drivers Franco Colapinto and Esteban Ocon following recent incidents in the Japanese and Chinese Grands Prix. Colapinto was involved in a high-speed crash with Oliver Bearman at Suzuka, while Ocon accepted blame for a clash with Colapinto in Shanghai.The team dismissed suspicions of sabotage and claims that Colapinto was not provided with the same quality equipment as his teammate Pierre Gasly. Alpine emphasized that such hateful behavior is unacceptable and not in the spirit of the sport.“Esteban took full responsibility and apologised to Franco, seeking him out in the media pen and also apologising on social media. The resulting abuse that followed was not in the spirit of the sport and it was an oversight not to call it out sooner,” the team said.Alpine also addressed concerns about their treatment of drivers, stating that any questions about sabotage or unequal treatment are unfounded. The team aims to be transparent about upgrades and performance, emphasizing that it is not in their interests to withhold information or hinder performance.The team also highlighted that Gasly has scored 15 of Alpine’s 16 points this season, with Colapinto’s lone point scored in China. Alpine reiterated its commitment to fair treatment of all drivers and condemned the hateful messages aimed at Colapinto and Ocon.

Forecasts indicate that the worldwide secondhand apparel sector will expand by 12% in 2024, reaching $289 bn (£217 bn), buoyed by artificial intelligence tools and social‑media influencers that help consumers locate desired items.Platforms such as Vinted, Depop, Vestige and ThredUp are expected to sustain an average 9% annual growth over the next five years, pushing the market to an estimated $393 bn—roughly double the growth rate of the broader clothing industry.The outlook stems from ThredUp’s latest resale report, which incorporates analysis from GlobalData. In 2021 the market was valued at just $141 bn, meaning the projected 2024 figure is more than double that baseline.Major brands—including Dr Martens, Zara and Mulberry—are now entering the resale space, either by offering pre‑owned pieces or refurbishing items to satisfy rising consumer demand."Resale is no longer merely expanding; it’s capturing direct market share," said James Reinhart, co‑founder and CEO of ThredUp. The report notes that resale now accounts for one‑tenth of global clothing sales, and that the U.S. secondhand market grew nearly four times faster than the overall market by 2025.ThredUp’s own revenue climbed 20% to $310.8 m last year. Depop reported a 42% increase to £101 m, while Vinted posted a 36% rise to €813.4 m (£710 m) in 2024. However, profitability remains elusive: ThredUp posted a $20 m pre‑tax loss, Depop a £42 m loss, and only Vinted turned a profit, earning €76.7 m. Depop was recently acquired by eBay from Etsy.Reinhart warned that rising inflation—spurred by geopolitical tensions that lift energy and fuel costs for manufacturers—could push more shoppers toward affordable secondhand options."The industry stays robust, driven by young consumers' behaviour," he added.Artificial intelligence is streamlining the massive inventories of resale platforms, enabling rapid cataloguing and matching of items to buyer preferences. "Netflix and Spotify spent decades building data and algorithms to recommend content; AI can achieve similar personalization for fashion almost instantly," Reinhart explained, noting that this reduces friction between spotting an item on social media and completing a purchase.Looking ahead, the market’s next phase will be defined by firms that can unlock supply and leverage AI to connect inventory with the next generation of shoppers, according to Reinhart.Analyst Neil Saunders of GlobalData highlighted that consumers aged 14‑45 (Gen Z and millennials) are projected to generate 70% of market growth. He emphasized that discovery tools must migrate to the social feeds where these shoppers spend their time, and that technology will be essential to simplify selling and maintain sufficient stock for expanding demand.

The 2,500-year-old gold helmet from Romania, known as the Helmet of Coțofenești, has been recovered after being stolen from the Drents Museum in the northern Netherlands in January 2025. The theft was carried out by a gang of robbers who used firework bombs to break into the museum and smash display cases.“It’s amazing. It’s the best news we could have got,” said Arthur Brand, a Dutch art detective, confirming the recovery of the helmet. Prosecutors are expected to make an official announcement regarding the recovery.The stolen items, including the golden Helmet of Coțofenești and three gold bracelets, are considered national treasures in Romania. The Dutch government had set aside €5.7m for a potential payout after the theft, highlighting the significance and value of the artifact.The recovery of the helmet has triggered outrage and relief in Romania, where the items are deeply valued. This incident underscores the importance of protecting cultural heritage and the challenges faced by museums and authorities in securing priceless artifacts.

Israel’s parliament has approved a law that authorises the death penalty solely for Palestinians convicted in West Bank military courts for what the courts define as "terrorism" killings of Israelis. The measure was greeted with celebration by far‑right politicians, yet it has drawn swift rebuke from the United Nations human‑rights chief, who warned it could constitute a war crime, and from a broad coalition of international observers.Israeli rights organisations argue that the law is the latest manifestation of an apartheid‑style legal framework that systematically privileges Jewish citizens while imposing severe penalties on Palestinians. They contend that such legislation entrenches a system of codified discrimination that has evolved since the state’s founding.Under the new rule, military tribunals in the occupied West Bank – which exclusively try Palestinians – will, by default, impose the death sentence on anyone found guilty of an unlawful killing of Israelis classified as terrorism. In contrast, Israeli citizens charged with comparable offences in the same territory are tried in civilian courts, where the death penalty is not applied.Statistics underscore the disparity: conviction rates for Palestinians in military courts hover at an astonishing 99.74%, whereas Israelis tried for crimes committed in the West Bank have a conviction rate of roughly 3% between 2005 and 2024. These figures highlight the stark imbalance in judicial outcomes.Arab‑Israeli lawmaker Aida Touma‑Suleiman of the Hadash party expressed her dismay, leaving the parliamentary chamber after the vote and stating she anticipated “scenes of happiness” from far‑right figures but was “painful” to see the public echo the same sentiment.The law follows a series of statutes that critics say have progressively eroded Palestinian rights, including the 1950 Absentees’ Property Law, the 2003 Citizenship and Entry into Israel Law, and the 2018 Nation‑State Law, which enshrines Jewish supremacy in identity, settlement policy, and constitutional hierarchy while marginalising Arabic.Human‑rights advocate Yair Dvir of B’Tselem described Israel as an “apartheid regime,” noting that a “whole set of laws” differentiate between Jews and Palestinians and that the death‑penalty legislation is less an outlier than a logical extension of existing policies that deny Palestinians the right to life.Analysts argue that the dehumanisation of Palestinians has deepened to the point where capital punishment can be enacted with minimal dissent and even public celebration by parliamentarians.Physician‑rights activist Tirza Leibowitz of Physicians for Human Rights – Israel warned that the law exemplifies a broader pattern of violations, ranging from inhumane prison conditions to a legal system that often refuses to investigate crimes against Palestinians or actively shields abusive practices.She cited the unresolved deaths of more than 100 Palestinians in the West Bank since the October 2023 Gaza conflict, highlighting the case of 17‑year‑old Walid Ahmad, whose death by starvation in custody was ruled “undeterminable” by an Israeli judge, as evidence of the low value placed on Palestinian lives.Leibowitz also pointed to the recent dropping of charges against soldiers accused of sexual abuse at Sde Temain prison, noting that far‑right protesters, including lawmakers, rallied in support of the accused, further normalising systemic abuse.Touma‑Suleiman linked the new law to the 2018 Nation‑State legislation, recalling a confrontation with Prime Minister Benjamin Netanyahu in which he dismissed her criticism, insisting Israel remains “the Middle East’s only democracy.” She later observed that far‑right leader Itamar Ben‑Gvir has openly chanted “Death to Arabs,” rebranding it as “Death to terrorists,” thereby blurring the line between extremist rhetoric and state policy.Overall, the death‑penalty law is being portrayed by critics as a stark illustration of an entrenched apartheid system, raising serious questions about Israel’s adherence to international legal standards and the future of Palestinian rights under occupation.