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World Economy Apr 10, 2026

US Trump-era cuts trigger record 23% plunge in OECD development aid for 2025

Preliminary OECD data shows a historic 23% drop in global development assistance for 2025, driven l…
OECD preliminary figures reveal a 23% decline in international development assistance between 2024 and 2025, the steepest annual fall recorded since the organization began tracking aid.The United States was the primary catalyst, with its official development assistance slashing nearly 57% in 2025, a reduction that accounts for roughly three‑quarters of the overall drop.Total aid from the 34 DAC members fell from $214.6 billion to $174.3 billion. American contributions shrank from about $63 billion in 2024 to just under $29 billion the following year, according to the OECD.Other major donors—including Germany, the United Kingdom, Japan and France—also trimmed their budgets, and only eight DAC countries managed to meet or exceed their 2024 levels.The cuts arrive at a time of heightened global economic and food‑security uncertainty, exacerbated by the ongoing US‑Israeli conflict with Iran.OECD official Carsten Staur described the plunge as “deeply concerning,” urging donors to reverse the trend as humanitarian needs surge. Oxfam’s Development Finance Lead Didier Jacobs warned that wealthy governments are “turning their backs on millions of lives in the Global South” by cutting life‑saving aid while funding conflict.Academic research links the U.S. reductions to a rise in armed conflict across Africa, with the Center for Global Development estimating that the cuts could have caused between 500,000 and 1,000,000 excess deaths in 2025. A Lancet analysis warns that continuing the downward trajectory may result in **over 9.4 million additional deaths by 2030**.Under President Trump, the United States has dismantled the U.S. Agency for International Development (USAID) and pursued a handful of bilateral agreements with African nations that tie aid to mineral access and health data. Simultaneously, the administration is seeking a historic $1.5 trillion military budget for FY2027** and between **$80 billion and $200 billion** for the Iran‑Israel war effort.Analysts and NGOs are calling on DAC members to restore aid levels and reinforce the global humanitarian system, which they say faces its most serious crisis in decades.
#oecd #usaid #germany
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Business Apr 09, 2026

UK Grants £380 million to Tata‑Backed Somerset Battery Gigafactory Supplying Jaguar Land Rover EVs

The British government has approved a £380 million subsidy for a Tata‑owned battery plant in Somers…
The UK government has pledged £380 million to accelerate the build‑out of a new battery factory in Somerset that will supply Jaguar Land Rover (JLR) with cells for its forthcoming electric Range Rover and Jaguar models. The plant, operated by Tata’s battery subsidiary Agratas, was highlighted during a site visit by Business Secretary Peter Kyle, who emphasized the grant’s role in safeguarding jobs and driving economic growth. When fully operational, the gigafactory is projected to employ 4,200 workers and deliver up to 40 GWh of battery capacity annually—enough for hundreds of thousands of electric vehicles. It will become the UK’s second high‑volume battery facility after the Chinese‑owned AESC plant in Sunderland. Construction remains in its early stages, with only a steel frame erected so far. Although the original timetable targeted production start‑up in 2026, delays have pushed the expected commencement to the end of 2027. Agratas has reduced the footprint of the first building but claims the change reflects more efficient process design rather than a cut‑back in output. JLR, the nation’s largest automotive employer, had planned to launch its electric Range Rover in 2025, but the debut has slipped to 2026 and the vehicle is still not on sale. The postponement follows a broader trend of EV manufacturers worldwide scaling back or postponing battery projects after over‑optimistic forecasts of rapid consumer migration from petrol. Recent spikes in petrol prices—spurred by geopolitical tensions linked to Donald Trump’s war in Iran—could make electric cars more appealing, potentially justifying the sizeable capital commitments required for a transition to EV production. Until the Somerset facility becomes operational, JLR will continue to source batteries from AESC. That arrangement was confirmed last year by investment bank Société Générale, though references to JLR have since been removed from public statements. In addition to the battery grant, Tata previously secured a £500 million pledge to modernise its Welsh steelworks with electric arc furnaces, underscoring the government’s broader push for greener industrial capacity. Peter Kyle said the investment, alongside other automotive research initiatives announced on the same day, would “boost economic growth, secure jobs and put more money in people’s pockets.” He added that the UK’s “modern industrial strategy” provides the stability needed for long‑term planning. Earl Wiggins, Agratas’s vice‑president for UK manufacturing, welcomed the funding, noting it will enable the company to “deliver net‑zero goals and strengthen the UK’s position as a global leader in battery manufacturing.” He projected that over 2,200 staff would be on‑site within the next year, with further growth thereafter.
#UK government #Tata Group #Somerset Battery Gigafactory
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World Economy Apr 08, 2026

Ceasefire in Iran War Sparks Market Rally but Oil Prices Remain Elevated

A two‑week ceasefire in the Iran conflict lifted financial markets, driving a stock rally and a 10%…
After Tehran announced a two‑week ceasefire in the Iran war, financial markets breathed a noticeable sigh of relief. Oil prices tumbled by more than 10% on Wednesday, stock indices rallied, and optimism about the global economic outlook resurfaced. However, the reprieve is far from complete.For six weeks the world’s economy has been under pressure as Iran effectively closed the Strait of Hormuz, a chokepoint that handles roughly one‑fifth of global oil and gas shipments. The closure sparked what analysts have called the worst energy crisis of the modern era, driving oil to historic highs.Any progress toward re‑opening Hormuz would ease fears of a supply crunch that could otherwise trigger a cascade of recession risks. Yet the situation remains volatile: Tehran and Washington continue to send mixed signals about the waterway’s status, and Israel’s ongoing strikes in Lebanon add further uncertainty.Consumers already feel the strain. Despite the recent price dip, Brent crude remains above $90 a barrel, a sharp contrast to the sub‑$73 levels recorded before the conflict began. While this is an improvement from the period when prices hovered above $100, it still represents a significant premium over pre‑war benchmarks.Most economists expect oil to stay above its pre‑war price throughout 2026. In its baseline forecast, consultancy Capital Economics projects Brent to settle around $80 per barrel by year‑end. Under that scenario, headline inflation in the United States and Europe would hover between 3% and 4% year‑on‑year, while GDP growth is likely to decelerate across major economies.The lingering uncertainty is amplified by the unpredictable stances of both Iran and the United States, as well as the broader geopolitical turbulence involving Israel. Prior to the conflict, few analysts believed Tehran would actually close Hormuz, a threat it has floated intermittently since the 1979 revolution.Given the strait’s pivotal role in the world economy, any prolonged disruption could add a costly premium to global business operations. The International Monetary Fund (IMF) warned in a recent report that wars since 1946 have left “economic scars” lasting more than a decade. The IMF cautioned that even after a ceasefire, persistent political and economic uncertainty can depress investment returns, fuel capital outflows, and constrain both investment and labor supply.In short, while the ceasefire has delivered a short‑term boost to markets, the underlying energy‑price pressures and geopolitical risks mean that the relief is far from absolute.
#oil #economic #price
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Tech Apr 07, 2026

Toronto Neighbourhood Divided Over AI-Powered Surveillance Plan

A Toronto neighbourhood is divided over a plan to use AI-powered surveillance to create a 'virtual …
A controversy has erupted in Toronto's affluent Rosedale neighbourhood over a proposed AI-powered surveillance system aimed at curbing the area's high property crime rates. The plan, championed by resident Craig Campbell, involves installing cameras that scan licence plates to identify suspicious vehicles.The system, developed by US-based company Flock, uses AI to learn which cars belong to residents and which are potentially suspicious. The technology has sparked concerns about privacy, bias, and surveillance. While some residents see it as a necessary measure to enhance safety, others are worried about the implications of such a system.Rosedale has experienced a significant rise in home invasions, with robbers targeting the neighbourhood at a rate more than double the city average. Crime rates in Toronto as a whole have been declining, but residents are seeking solutions to address their concerns. Campbell, who runs a security company and holds the Canadian licensing rights for Flock, proposed the plan as a way to create a 'virtual gated community.'The system would involve an initial group of 100 residents paying a C$200 monthly subscription to access the technology. The cameras collect licence plate data, which is retained for 30 days, and police can only access the data with legal authorization. While the system does not use facial recognition, concerns about AI bias and profiling have been raised.Flock claims its network of over 90,000 cameras has helped reduce crime by up to 70% in some communities. However, the company has faced scrutiny in the US for its collaboration with law enforcement and allegations of mass surveillance. In Canada, privacy laws are stricter, and regulators are likely to view the network as a data collection system subject to the Personal Information Protection and Electronic Documents Act (Pipeda).The Toronto police have acknowledged residents' concerns about safety but have not commented on the legality of the proposed system. The city's privacy commissioner has emphasized the need for companies to inform individuals and obtain consent before collecting and using personal information.
#Toronto #AI-powered surveillance #virtual gated community
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Sports Apr 07, 2026

Czech women's football coach receives suspended sentence, exposing a broader sexual abuse crisis in the sport

A former Czech women’s football coach was sentenced for secretly filming players and possessing chi…
When Kristyna Janku answered a police call, she could not have imagined the revelations that would follow. The defender learned that her former coach, Petr Vlachovsky—once celebrated as the Czech Republic’s top women’s football coach—had been secretly recording Slovacko players in the changing room for four years and was in possession of child‑sexual‑abuse content. Vlachovsky’s arrest in 2023 led to a court ruling last May that handed him a one‑year suspended sentence, a fine and a five‑year ban from all football‑related activity in the Czech Republic. However, the Czech FA has yet to lodge a complaint with FIFA’s ethics committee, leaving the door open for him to coach abroad, a prospect that unsettles Janku, now playing in Poland. According to Alex Phillips, secretary‑general of FIFPRO, this scandal is merely "the tip of the iceberg," noting that many victims remain silent because they lack trusted reporting channels. He stresses the need for an independent, funded international body to investigate and sanction abuse, rather than relying on national federations that often view the issue as low priority. The Czech case mirrors a recent incident in Austria, where a man received a seven‑month suspended prison term and a €1,200 fine for covertly filming the Altach women’s team, also paying €625 compensation to each victim. Both cases underscore a pattern of inadequate safeguarding across European women’s football. For Janku, the trauma extends beyond the courtroom. She describes a lasting hyper‑vigilance in dressing rooms and public spaces, and acknowledges that while she has declined therapy offered by the Czech players’ union, the psychological scars remain. FIFPRO’s women’s football director Alex Culvin warns that the lack of decisive action fuels a culture where abuse is minimized, citing parallels with the Me Too movement and high‑profile scandals such as the Luis Rubiales incident in Spain. Victims of Vlachovsky’s misconduct report a range of consequences—from nausea and the need to change clubs to long‑term body dysmorphia—highlighting how non‑contact sexual abuse can devastate athletes whose bodies are their livelihood. While the Czech federation is reportedly revising its safeguarding policies, critics argue that without a global enforcement mechanism, perpetrators like Vlachovsky can continue coaching elsewhere, perpetuating risk for future generations of female footballers.
#Czech Football Association #UEFA #FIFA
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Environment Apr 06, 2026

Sydney Commuters Ditch Cars for Bikes Amid Soaring Fuel Costs

As fuel prices skyrocket, Sydney residents are turning to bicycles as a cost-effective alternative …
In the face of rising fuel costs, Sydney commuters are increasingly turning to bicycles as a viable alternative for their daily commutes. This shift is reminiscent of Copenhagen's response to the 1970s global oil crisis, where the city dramatically expanded its bicycle network.Recent data shows a significant increase in cycling activity in Sydney. In March, there were 600,000 bike-sharing trips in the City of Sydney, a 25% increase from the previous month. Additionally, thousands of cars have disappeared from Sydney's roads, with car traffic falling by around 5% in March compared to the previous year on major arterial roads.The surge in cycling is also reflected in the sales of electric bikes. At 99 Bikes, ebike sales have surged by 136% year on year in the past week. Bike retailers are experiencing booming business, with many customers citing high petrol prices as the reason for purchasing a bicycle or ebike.According to Australian Automobile Association (AAA) data, in the last quarter of 2025, the average Australian household spent about $453 per week on car-running costs. With unleaded petrol prices peaking at almost 260c per litre in April, a 50% increase from last year, the financial incentive for switching to bicycles is clear.Experts see this trend as an opportunity for a green revolution in transportation. Peter McLean, the CEO of Bicycle NSW, suggests that governments should capitalize on the cycling boon by investing heavily in active transport infrastructure rather than relying on short-term fuel excises.
#Sydney #BikeShare #E-bikes
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Politics Apr 05, 2026

Israeli Settlers Drive Christians Out of West Bank

The town of Taybeh, a historic Christian community in the West Bank, is facing intense pressure fro…
Taybeh, a small hilltop town in the heart of the West Bank, is one of the oldest Christian communities in the world. After increasing attacks from Israeli settlers it now feels itself under siege and is fighting for its very existence.The town’s ancient Greek name was Ephraim where, according to the gospels, Jesus hid with his disciples from the Jewish religious hierarchy, the Sanhedrin, before making his final fateful trip to Jerusalem.A church was built here in the fifth century, and the entirely Christian community survived the crusaders, conquest by Salah ad-Din Yusuf ibn Ayyub or Saladin, the Ottoman empire, the British empire, and three Arab-Israeli wars, but its inhabitants say its long-term future is in question.There are four substantial Israeli settlements around Taybeh, and countless unofficial outposts have also sprung up on the steep hills overlooking the Jordan valley. They have been set up by messianic Jews who send their young people, the “hilltop youth”, to harass and intimidate local Palestinians in the surrounding countryside.The relentless land grabs and intimidation is a pattern repeated up and down the West Bank in a campaign the UN has called ethnic cleansing, which has been driven by hardline members of the ruling coalition, the finance minister, Bezalel Smotrich, and the national security minister, Itamar Ben-Gvir.“First they kicked the Bedouin out in the last three years and put up their caravans and bring their cows and sheep. They are using the land without any permission from the owners and from ourselves,” said Fr. Bashar Fawadleh, the parish priest of Christ the Redeemer church.Over the past year, the pressure has been turned up further. In July last year, settlers set fire to the grounds of the fifth–century Byzantine church, St Peter’s. Since then, bands of hilltop youth have raided the town four times, setting fire to cars, slashing tires and smashing windows.The church, part of the Latin Patriarchate of Jerusalem, supports small business ventures to provide jobs and builds affordable housing, but the community is still haemorrhaging. Fifteen families have left in the past two years, leaving the current population at about 1,100.After the attack on St Peter’s church in July, the US ambassador, Mike Huckabee, visited the town to condemn what he called “an act of terror” and to appeal for prosecutions.No prosecutions have been reported, and Huckabee has not spoken out over any of the subsequent attacks on Taybeh. A Southern Baptist minister, the ambassador is a fervent supporter of Israel’s territorial claims to the West Bank and beyond, which he argues are divinely ordained.In the West Bank however, the Christian population has shrunk from 5% of the total population in 1967 to roughly 1% today, about 45,000 people.The fierce religious nationalism that the Israeli government has cultivated in recent years has largely been directed at Palestinian Muslims but there has been a rising tide of anti-Christian incidents.Jad Isaac, the director general of the Applied Research Institute-Jerusalem, which tracks the Israeli takeover of land and resources on the West Bank, said: “When Netanyahu says we are the only country which is taking care of the Christians, he’s a liar. He said that in Palestinian Christian communities in the West Bank “the strategy is to make life intolerable”.
#Taybeh #West Bank #Israeli settlers
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Money Apr 05, 2026

How to Spot Fake Antiques Online and Safeguard Your Purchase – Expert Advice from a UK Valuer

A UK antiques specialist explains how counterfeit items—like a falsified Lalique vase—are prolifera…
When Kayleigh Davies, a seasoned valuer at the auction platform Auctionet, examined the base of a vase marketed as a genuine Lalique piece, she immediately recognised the deception. The word “Lalique” had been crudely engraved onto the bottom, a trick the seller hoped would inflate the price.Davies rejected the item, noting that without the fraudulent engraving it would have been a saleable piece. Her experience underscores a growing problem: traditional antique scams are being amplified by the reach of internet marketplaces.Typical red flagsFraudsters often disguise flaws—such as restored cracks or repainted toy cars—while claiming pristine condition. Even high‑value items like original‑packaged Star Wars figures can be misrepresented by placing cheap replicas in authentic‑looking boxes.Other warning signs include unexplained scuffs on glassware, suspiciously perfect finishes on aged objects, and a lack of clear provenance for autographs. Davies advises buyers to ask probing questions; a dishonest seller is likely to become evasive or refuse further details.Electrical collectibles, such as vintage lamps, pose additional hazards, as faulty wiring can lead to fire risks.Consumer safeguardsPlatforms like eBay enforce strict policies against counterfeit goods and offer a “money‑back guarantee” that protects purchasers when items do not match their listings.In the UK, Citizens Advice confirms that buyers have a legal right to a refund for fake products. If a seller refuses, shoppers can:Initiate a chargeback through their bank if they paid by debit card or used a credit card for purchases under £100.File a Section 75 claim for credit‑card purchases over £100, shifting liability to the card issuer.Suspected fraud can also be reported to the national Report Fraud centre, and to local Trading Standards via Citizens Advice.By staying vigilant, demanding documentation, and leveraging consumer‑rights mechanisms, buyers can reduce the risk of falling victim to counterfeit antiques and collectibles.
#you #can #but
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World Apr 05, 2026

Paris’s 12‑Year Shift from Car‑Centric Streets to a Bike‑Friendly 15‑Minute City

Over the past dozen years, Paris transformed its streets by planting 155,000 trees, adding hundreds…
When Corentin Roudaut arrived in Paris a decade ago, he swapped his student‑era bike for a car, daunted by the city’s traffic and lack of cyclist protection. After a protected lane opened on Boulevard Voltaire in the 11th arrondissement, he reclaimed his two‑wheel commute and now volunteers with the cycling advocacy group Paris en Selle, witnessing a city that has shed its car‑centric image.Roudaut notes that the shift “started slowly but really accelerated in the last ten years,” with a growing network of bike routes that is becoming safe and nearly complete in many districts.Mayor Anne Hidalgo’s 12‑year agenda reshaped Paris’s urban fabric. Since taking office in 2014, her administration planted 155,000 trees, created several hundred kilometres of segregated bike lanes, pedestrianised 300 school streets, and banned cars from the banks of the Seine. Former parking spaces have been turned into green plazas and café terraces, reducing the risk of children being hit while walking to school.As Hidalgo departs on Sunday, her legacy is touted as a blueprint for progressive European cities, especially as some national governments retreat from green initiatives.Nevertheless, the reforms have sparked pushback. Motorists object to the loss of road space, and recent referendums on higher parking charges for SUVs and further school‑street pedestrianisation suffered low voter turnouts. Right‑wing mayoral candidate Rachida Dati described the new public‑space regime as “anxiety‑inducing,” though she stopped short of promising a reversal.In a candid interview, Hidalgo described the Seine‑bank pedestrianisation as “a tough battle” that, once won, left residents reluctant to revert to car traffic. She highlighted a generation of children who have never known cars on those riverbanks, prompting awe‑filled reactions from visitors.Urban scholars attribute the rapid change to Paris’s tight administrative boundaries, which limit suburban influence on city transport decisions, and to groundwork laid by previous mayors. Yet they stress that political courage was essential to implement measures that inconvenienced drivers while delivering social and environmental benefits.Environmental epidemiologist Audrey de Nazelle of Imperial College London, a Paris native, praised the transformation as “fabulous” and warned that many cities lack the bravery to pursue similar legacies.A recent report placed Paris among 19 global cities that cut two major toxic air pollutants between 2010 and 2024. While Brussels and Warsaw saw faster declines in fine‑particle matter, London outpaced Paris in reducing nitrogen‑dioxide levels.By contrast, Berlin—despite opening a new inner‑city motorway and scrapping 30 km/h speed limits on key streets—still records a higher share of cyclists than Paris.Transport researcher Giulio Mattioli argues that Paris simply needed to add bike lanes to unlock latent demand, noting that the city started from a lower baseline but quickly caught up with peers.However, the transformation remains uneven. The extensive suburbs continue to be dominated by cars, hemmed in by the 35 km Boulevard Périphérique ring road. Analyst Jean‑Louis Missika of think‑tank Terra Nova stresses that “as long as this motorway encircles Paris, the Greater Paris metropolis will remain an administrative construct devoid of urban reality.” He calls for dismantling or repurposing the ring road to achieve a truly post‑car metropolis.
#paris #city #cars
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