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The United Kingdom has strongly condemned 'reckless Iranian threats' after reports emerged of a missile launch targeting a joint US-UK military base on the Indian Ocean island of Diego Garcia. However, Iran's Ministry of Foreign Affairs has denied any involvement in the alleged missile launch.According to US media reports, two ballistic missiles were fired at the base, with one reportedly failing mid-flight and the other intercepted by a US warship. The incident occurred approximately 4,000km (2,500 miles) from Iran, raising concerns about Iran's missile capabilities.Iran's Foreign Ministry spokesperson, Esmaeil Baghaei, described the missile launches as a 'false flag' operation, suggesting that Israel might have been behind them. This denial comes as the conflict between Iran, the US, and Israel continues to escalate.The UK has condemned the alleged attack, with Foreign Secretary Yvette Cooper stating that the UK would not be drawn into a wider conflict in the Middle East. The UK's Prime Minister, Keir Starmer, noted that the UK would not use a base in Cyprus for Iran-related operations.Israel's military chief, Eyal Zamir, claimed that Iran used 'a two-stage intercontinental ballistic missile with a range of 4,000km' to target the US-UK base. Zamir stated that these missiles pose a threat to European capitals, including Berlin, Paris, and Rome.The incident has significant implications for the ongoing conflict in the Middle East, with analysts suggesting that Iran's missile capabilities could change the calculus of the war for the US and its allies. The conflict has already led to a rise in global oil prices and increased tensions between the US, Israel, and Iran.

The UK government has instructed HS2 Ltd to assess the feasibility of operating its high-speed trains at reduced speeds, aiming to curb escalating costs and facilitate an earlier launch in the 2030s. The proposal involves limiting train speeds to 186mph (300km/h), a significant decrease from the initially planned 224mph. Potentially billions of pounds in savings could be achieved through this adjustment, which would bring the project more in line with typical European high-speed rail standards. Currently, most UK trains operate at a maximum speed of 125mph, while HS1 trains serving Kent and the Channel tunnel reach up to 186mph. Transport Secretary Heidi Alexander has commissioned HS2 Ltd to report back on the potential savings from slower trains before the summer recess. This development follows a review by HS2's new CEO, Mark Wild, who has been working to regain control of the project's costs and delays. Alexander acknowledged the challenges facing the project, stating that previous plans significantly underestimated the work required. Despite these challenges, she praised Wild's leadership and noted that HS2 is now making progress, having completed the excavation of all 23 miles of deep tunnels needed for the initial stage of the railway. The project's overall budget is expected to be reassessed and restated in 2026 prices, with predictions that it will exceed £100bn due to soaring inflation and rising labour and steel costs. As of now, the total expenditure stands at £46.2bn at current prices. Government sources suggest that the original design for the world's fastest railway was “gold-plated” and “needlessly overspecced”, contributing to the cost overruns. Wild emphasized that speed was never the primary objective, and the railway's focus should be on delivering better journeys, increased network capacity, and economic growth.

EasyJet's chief executive, Kenton Jarvis, has announced that the ongoing conflict in the Middle East has started to impact flight bookings, with a notable drop in reservations for destinations such as Turkey, Cyprus, and Egypt. Bookings have slowed for summer, with passengers opting for 'usual suspects' like Spain, Greece, and Portugal instead.Jarvis attributed the decline to the Iran war and its effect on consumer confidence. He mentioned that while the airline has hedged much of its fuel into next year, soaring kerosene prices will likely lead to a rise in air fares by the end of the summer.Fuel prices have surged, with easyJet currently paying $700 (£520) a tonne for jet fuel, compared to current spot prices of $1,850. Jarvis noted that while most European airlines are well-hedged, fares will likely increase as the higher costs are passed on to consumers.The airline's hedging strategy means it can still secure a price of $1,000 in six months, but market expectations are that fuel prices will decrease. However, Jarvis warned that the reality is that prices will start feeding into consumer costs over the back end of summer.In related news, easyJet has reopened a base at Newcastle airport, which it closed in 2020 due to Covid-19. The base will bring 140 jobs and support over 1,000 new jobs in the wider north-east region, with plans to fly up to 800,000 holidaymakers out of Newcastle this summer.

The Israel Defense Forces (IDF) recently claimed that Iran possesses missiles with a range of approximately 4,000km, posing a threat to European cities, including London. This assertion comes after reports that Iran targeted the joint UK-US military base on Diego Garcia in the Chagos Islands. The IDF stated that Iran's intentions to develop such long-range missiles pose a danger to numerous countries across Europe, Asia, and Africa. However, the Iranian regime has denied these claims. Regarding the targeting of Diego Garcia, details are limited, but it is known that the island, located about 3,800km from Iran, was not under significant threat. A US warship shot down one missile, and the other reportedly failed in flight, landing 400 miles short of the island. The UK government has condemned the attack while stressing its different stance from the US and Israel on the conflict. Foreign Secretary Yvette Cooper emphasized the government's support for defensive actions against Iranian threats. In response to Israel's warnings, Communities Secretary Steve Reed stated that the UK does not believe Iran has the capability or intent to attack Europe. He assured that the UK has the necessary military capability to defend itself. The UK is protected by Nato's ballistic missile defense (BMD) system, which includes Aegis Ashore sites in Poland and Romania. These systems are designed to detect, track, and intercept ballistic missiles in flight.

Global stock markets swung wildly on Monday as investors reacted to US President Donald Trump's decision to postpone military strikes on Iranian power plants. The move led to a relief rally in European markets, with the French Cac 40, Spanish Ibex, and German Dax all rising by 0.8%, 1%, and 1.2% respectively.The FTSE 100 share index, which had fallen by almost 1.5% in early trading, reversed course to gain 0.4% before paring back to close down 0.2%. US markets were up more than 1% in early afternoon trading on Wall Street.Oil prices, which had been rising after Trump threatened to strike Iranian infrastructure, dropped sharply. Brent crude, the international benchmark, fell 10% to $101 a barrel. The UK month-ahead gas prices fell 6% to 142p a therm.Trump announced on his social media platform Truth Social that the US and Iran had “very good and productive conversations” over the past two days regarding “a complete and total resolution of our hostilities in the Middle East”. He said he had instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five-day period, subject to the success of ongoing meetings and discussions.The global economy has been bracing for much higher oil prices due to disruption in the strait of Hormuz, with Goldman Sachs forecasting Brent crude will average $85 a barrel this year, up from previous expectations of $77 a barrel. Brent hit $119.50 a barrel earlier this month, the highest since the war began.

Satellite images of Tehran have revealed that toxic fires caused by Israeli bombings on oil depots were still burning days after the strikes, posing serious health risks to millions of residents in the Iranian capital.The bombings, which occurred on March 7, caused clouds of smoke to blanket the city with pollutants ranging from soot to oil particles to sulphur dioxide. A passing storm then showered Tehran with poisonous, oil-filled rain.Residents have reported headaches, eye and skin irritation, and difficulty breathing. Experts have warned that these symptoms could be just the beginning, with long-term risks of cardiovascular disease, cognitive impairment, DNA damage, and cancer.Four fuel facilities in and around the capital were hit, including the Shahran depot in the north-west, the Aqdasieh oil depot in the north-east, the Tehran refinery in the south, and the Shahid Dolati facility in the west.Satellite images taken two days after the strikes showed the Shahran depot and the Tehran refinery were still burning. Another image taken by the European Space Agency satellite on Tuesday – 10 days after the strikes – showed that those two fires had smouldered, but smoke and flames were visible at the Aqdasieh oil depot.Iran has described the attacks as “ecocide”, which is described as wanton acts of environmental destruction.The United Nations Environment Programme (UNEP) has warned that heavy smoke from burning oil was “directly inhaled by people in Iran – including young children – raising serious concerns about long-term impacts on both human and environmental health”.

Palantir, one of the world's biggest tech companies, has been accused of launching an intimidation campaign against a small Swiss magazine, Republik, after it published an investigative report on the company's activities in Switzerland.The report, which was a collaboration between Republik and the independent Swiss research collective WAV, alleged that Palantir had persistently courted Switzerland but had been rejected. The investigation found that Palantir had pitched itself to Switzerland's chancellor during the Covid-19 pandemic to help with data tracking, approached the Swiss army, and met Switzerland's then finance minister, Ueli Maurer.Palantir was not happy with the report and filed a lawsuit in a Swiss commercial court demanding that Republik print a detailed rebuttal. The company claims that the report paints a false and misleading narrative about Palantir and sets back important discourse on European software modernisation.The journalists behind the report say they had interviewed company executives and sent a full list of questions before publication, but that Palantir demanded they print a detailed rebuttal that went beyond the scope of their investigation. The lawsuit has sparked concerns about Palantir's tactics and the impact on journalism, with the European Federation of Journalists claiming that the legal action is an attempt at intimidation aimed at discouraging critical analysis of Palantir's activities."It does feel like an intimidation campaign," says Marguerite Meyer, a journalist who works with WAV. "However, we adhered to all journalistic standards, and had a thorough factcheck done. They are suing for an absurd list of changes."The investigation, which was published in December, gave an account of Palantir's years-long efforts to try to sell itself to the Swiss government. The journalists found that despite Palantir's efforts, no government contracts had been reported."We tried to find out, is there any kind of government agency that uses this software? I mean, they are in Switzerland, eventually some government official maybe thought they could use this Palantir," says Balz Oertli, who is also with WAV.The lawsuit has raised questions about Palantir's influence and the limits of journalistic scrutiny. Swiss law allows the subjects of a story to request a right of reply, but this has caveats: the right of reply has to be concise and stick to the facts of the story."This lawsuit for a right of reply is not about whether Republik was technically inaccurate or not. It is only about whether Palantir is allowed to place its view of the facts alongside that of Republik and whether Republik must publish it," says Dominique Strebel, an expert in media law and the editor-in-chief of Beobachter, another Swiss magazine.

The typical car has grown significantly in size over the years, with SUVs now accounting for 46% of global new car sales. While they offer more space and a higher vantage point for occupants, they pose significant risks to pedestrians, particularly children, who are 77% more likely to die if struck by an SUV compared to other cars.London Mayor Sadiq Khan is taking steps to address these concerns, including a review of SUVs' environmental impact and potential policy proposals such as higher charges for SUV owners. This move is in line with public sentiment in other cities, where residents have shown support for measures like tripling parking fees for SUVs in Paris and higher parking charges in Cardiff.The UK government can learn from cities like Helsinki and Oslo, which have achieved significant reductions in road deaths and serious injuries. London's ultra-low emission zone (Ulez) has also led to significant air quality improvements since its rollout in 2023. However, the government needs to address the issue of SUVs' large carbon footprints, including their manufacture, which consume about 20% more oil than medium-sized cars.The conversation about the UK's growing number of giant cars needs to accelerate, and Ministers should re-examine the tax system for new SUVs, which are currently taxed far less heavily than in many European countries. By taking bold action, the government can make the city cleaner and safer for its residents.