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The global super-rich may have as much as $3.55 trillion hidden away from tax authorities, according to estimates by Oxfam. This staggering amount is more than 3% of global GDP and is likely to be owned by the richest 0.1% of households.Oxfam's latest analysis reveals that total wealth held offshore has increased significantly to $13.25 trillion in 2023. While the share of secretive holdings hidden from tax authorities has fallen since the introduction of a new system of automatic information exchange between jurisdictions in 2016, Oxfam estimates that a substantial amount remains shielded from tax.The charity's lead on tax, Christian Hallum, emphasized that this isn't just about clever accounting, but about power and impunity. When millionaires and billionaires stash trillions of dollars in offshore tax havens, they place themselves above the obligations that bind the rest of society.Oxfam is part of a global campaign to mobilize calls for a global progressive wealth tax, including through negotiations at the UN on a framework for tax cooperation. The charity is also calling for countries in the global south to be included in the Common Reporting Standard – the system that allows for information exchange between jurisdictions.In the UK, Oxfam is urging Labour to implement a wealth tax, with the Green leader in England and Wales, Zack Polanski, suggesting a tax levied annually at a rate of 1% on assets worth more than £10m, and 2% above £100m. The Green party claims this policy would raise about £15 billion a year.

Shops, universities and public institutions across the occupied West Bank and East Jerusalem shuttered on Wednesday as Palestinians launched a coordinated strike to denounce a newly passed Israeli law that makes the death penalty the default sentence for Palestinians convicted of deadly attacks by military courts. Hundreds gathered in Ramallah, chanting against the legislation championed by far‑right National Security Minister Itamar Ben‑Gvir. Demonstrators brandished signs reading “Stop the law to execute prisoners, before it’s too late”, featuring a graphic of a prisoner in a keffiyeh beside a noose. Similar protests unfolded in Nablus, where participants warned that “time is running out,” and in Anata, northeast of Jerusalem’s Old City, where Israeli soldiers compelled striking shop owners to reopen their businesses. The strike was called by President Mahmoud Abbas’s Fatah party the previous day, reflecting widespread anger that “there isn’t a single person here without a brother, husband, son or neighbour in prison,” said 53‑year‑old psychologist Riman, who asked that her surname not be disclosed. The United Nations High Commissioner for Human Rights, Volker Turk, condemned the measure, stating that its application to residents of the occupied Palestinian territory would amount to a war crime. According to the AFP, more than 9,500 Palestinians are currently detained in Israeli prisons, including 350 children and 73 women. Human‑rights groups on both sides allege detainees suffer torture, starvation and medical neglect, contributing to dozens of deaths. The law, approved by the Knesset late on Monday, stipulates that Palestinians tried in military courts for “terrorism‑related” deadly attacks face capital punishment as the default outcome. Because Palestinians in the West Bank are automatically tried in military courts, the statute creates a separate, harsher legal track compared with Israeli civilians, who face either death or life imprisonment for comparable offenses. While the legislation is not retroactive, critics argue it entrenches a system of unequal justice. Social‑media posts showed tyres burning at the busy Qalandia checkpoint, a key entry point into Israel via Jerusalem. The Palestinian news agency WAFA reported that Israeli forces responded with rubber‑coated bullets, stun grenades and tear‑gas, though no injuries were confirmed. Violence in the West Bank has intensified since Israel’s war in Gaza began in October 2023, a conflict that has claimed over 72,000 lives. The latest law and the ensuing protests underscore the deepening legal and humanitarian rift between Israel and the occupied Palestinian territories.

Closing the Strait of Hormuz has choked a vital artery that carries roughly one‑fifth of the world’s crude oil and LNG, sending energy prices soaring and unsettling global trade. Even if the waterway reopens tomorrow, analysts say the ripple effects will endure for months. Nils Haupt, senior director of corporate communications at German carrier Hapag‑Lloyd, told Al Jazeera that the end of hostilities does not equate to the end of logistics challenges. “Once the bombardments stop, the real work begins,” he said, noting that hundreds of vessels will scramble for berths in Persian Gulf ports, creating a prolonged bottleneck for containers and bulk cargo. According to the International Maritime Organization, about 2,000 ships are currently stranded because of Iran’s partial blockade, with only a handful of vessels from “friendly” nations granted passage. Maritime‑intelligence firm Windward estimates that roughly 400 of those ships are anchored in the Gulf of Oman, waiting for a green light. Diverted traffic has already forced many carriers to reroute via the Suez Canal or take the far longer Cape of Good Hope passage, inflating transit times and costs for shipments bound for Asia and Europe. Oil exports from Saudi Arabia are now being sent around the Red Sea, bypassing the strait entirely. Svein Ringbakken, managing director of the Norwegian Shipowners’ Mutual War Risks Association, cautioned that even with ports operating at full capacity, clearing the backlog of oil, gas and other goods will take months. He added that repeated attacks on regional energy and transport infrastructure have compounded the problem. The International Energy Agency reports that more than 40 energy assets across the Middle East have suffered “severe or very severe” damage, prompting companies such as QatarEnergy, Kuwait Petroleum Company and Bahrain’s Bapco Energies to declare force majeure. Beyond the immediate loss of flow, the shutdown has disrupted exports of petrochemicals, fertilisers and raw materials essential for plastics production, further straining global supply chains. Industry leaders warn that the risk landscape has fundamentally shifted. SV Anchan, chairman of US‑based logistics group Safesea, highlighted the rise of asymmetric threats, including unmanned vessel attacks, which have already accounted for at least 18 confirmed assaults since the conflict began. “A full reopening will only bring normalcy after a sustained period of stability and credible security guarantees,” Anchan said. Insurance costs have exploded as a result. Marco Forgione of the Chartered Institute of Export & International Trade noted that hull and cargo premiums have surged up to 300 %, a pressure point that could force shipping firms to curtail operations if rates remain high. Oscar Seikaly, CEO of NSI Insurance Group, stressed that war‑risk coverage will only normalize when a “truly permanent” security solution is in place, not a partial one. Recent data from Lloyd’s List show that a few vessels have managed to obtain Tehran’s permission to transit, with one ship reportedly paying $2 million for the right to pass. Iranian lawmakers have also moved to formalise transit fees for the strait. Nick Marro, lead global‑trade analyst at the Economist Intelligence Unit, warned that the security guarantees demanded by shippers may be hard to meet, citing the volatile Red Sea experience where commercial traffic remains below pre‑2023 levels. Marro predicts that the Hormuz shutdown will accelerate a broader trend of route diversification, similar to the supply‑chain shifts triggered by the COVID‑19 pandemic. “Geopolitical uncertainty will become a permanent feature of risk management, not a temporary reaction,” he said. Seikaly echoed this outlook, suggesting that exporters will increasingly explore alternative corridors for strategic and political reasons, ultimately reducing traffic through the Strait of Hormuz over the long term.

The Democratic Republic of the Congo (DRC) earned a spot at the 2026 FIFA World Cup after a tense intercontinental playoff final against Jamaica ended 1‑0 in extra time.The match‑winner came from former Manchester United defender Axel Tuanzebe, who now plays for Burnley in the English Premier League. He headed the ball home from a corner in the 100th minute, and after a brief VAR check for a possible handball, the goal was confirmed.Tuanzebe reflected on the moment, saying, “We made it very difficult for ourselves, perhaps the occasion got the better of us. To score the winning goal for your country… this is what every player dreams of.” He added, “I am so proud of what I could do for the country, I’m so proud of the country, and now it is time to celebrate.”The DRC dominated the fast‑flowing encounter despite the scarcity of clear‑cut chances, and the victory ensures that ten African teams will line up for the 2026 tournament – the highest representation ever.Having previously defeated Nigeria in the CAF playoff, the DRC entered the intercontinental stage directly into the final due to their higher ranking. Jamaica reached this stage by beating New Caledonia.This will be only the second World Cup appearance for the DRC, the first being in 1974 when the nation competed as Zaire. Jamaica’s sole previous appearance came in 1998 in France.In the upcoming group stage, the DRC will join Portugal, Colombia and Uzbekistan, opening the tournament against Portugal.The final intercontinental slot remains undecided, with a clash between Iraq and Bolivia scheduled for later on Tuesday.

A recent investigation has exposed a vast illegal casino network targeting UK gamblers, operating with impunity in jurisdictions like Curaçao. The network, linked to Santeda International, includes brands such as MyStake, Velobet, and Goldenbet, which have attracted an average of 2.3 million monthly unique visitors from the UK.The investigation reveals that these illegal casinos are not licensed by the UK's Gambling Commission, a legal requirement for serving UK customers. They offer a range of games, from football betting to classic casino games and slot machines, and have been linked to fraud, financial harm, and even suicide.The network's digital trail leads to Santeda International BV, a company with a licence from Curaçao, and Upgaming AG, a Swiss-based business. Georgian businessmen, including Tornike Tvauri, Alexander Makashvili, and Mikheil Merebashvili, appear to be involved in the operation.The UK's Gambling Commission has been criticized for its limited success in stopping these illegal casinos. The regulator has targeted affiliates recommending these sites and sent takedown requests to Google. However, the vast majority of these sites remain easily accessible from the UK.The Labour MP Alex Ballinger has called on the Gambling Commission to take urgent action, stating that these sites deliberately target vulnerable people trying to stop gambling. The Conservative MP Iain Duncan Smith has also urged the regulator to liaise with authorities in countries where these operators are based.The investigation highlights the significant economic costs of gambling harm in the UK, estimated to be between £1bn and £2bn. The chancellor has allocated an extra £26m over three years to tackle illicit gambling sites.

England's preparations for the 2026 World Cup are underway, with manager Thomas Tuchel working to finalize his squad. Jordan Pickford remains the undisputed No 1 goalkeeper, while Harry Kane is irreplaceable up front. Declan Rice and Elliot Anderson look certain to start in midfield.The team's recent friendlies against Japan and Uruguay have provided some insights into Tuchel's plans. Marc Guéhi wore the captain's armband during the loss to Japan and is emerging as the senior centre-back. However, there are still many questions about the team's composition, particularly in defense and midfield.John Stones and Anthony Gordon face uncertain futures due to injuries and inconsistent form. Trent Alexander-Arnold continues to be overlooked by Tuchel, despite his exceptional talent. The manager has been experimenting with different players and formations, including Cole Palmer and Phil Foden in various roles.The article also mentions several players who are likely to miss out on the World Cup, including Fikayo Tomori, Myles Lewis-Skelly, and Ivan Toney. On the other hand, young players like Max Dowman and Archie Gray could be considered for wild-card picks.Tuchel's squad selection will be crucial in determining England's success in the 2026 World Cup. The team's predicted squad includes:Goalkeepers: Jordan Pickford, Dean Henderson, James Trafford.Defenders: Marc Guéhi, Ezri Konsa, John Stones, Harry Maguire, Nico O'Reilly, Lewis Hall, Reece James, Jarell Quansah, Tino Livramento.Midfielders: Declan Rice, Elliot Anderson, Jude Bellingham, Jordan Henderson, James Garner, Morgan Rogers.Forwards: Harry Kane, Bukayo Saka, Cole Palmer, Anthony Gordon, Eberechi Eze, Noni Madueke, Marcus Rashford, Danny Welbeck.

Graham Potter arrived in Stockholm with a bruised résumé – dismissed from Chelsea and West Ham – only to inherit a Swedish side that had languished at the bottom of their qualifying group.Against the odds, the duo have now clinched a place at the 2026 FIFA World Cup, thanks to a dramatic playoff victory over Poland that Potter described as “the best night I’ve had in football”.The story reads like a script: a manager dismissed twice in quick succession, a national team rescued by the repechage mechanism of the Nations League, and a last‑minute strike from striker Viktor Gyökeres that sealed the win.Sweden’s qualifying record was bleak – two draws and four defeats in six matches, leaving them behind Switzerland, Kosovo and Slovenia. The team’s fortunes changed only after the Nations League granted a second‑chance pathway for the four best group winners who had not qualified directly.The system, designed to give emerging nations a shortcut past the coefficient hurdle, unintentionally benefited Sweden. After being relegated to League C in 2022‑23, they topped their 2024‑25 group ahead of Slovakia, Estonia and Azerbaijan, earning a spot in the World Cup playoffs.Potter acknowledged the luck of the draw but emphasized that Sweden made the most of the opportunity, turning a “darkest hour” into a dawn of redemption.When Potter took over, the squad was plagued by injuries and a three‑game winless streak. His own career had stalled after a brief, high‑profile stint at Chelsea – highlighted by a Champions League win over Borussia Dortmund – and an unfulfilling spell at West Ham.Sweden’s early results under Potter were mixed: a 4‑1 loss to Switzerland and a 1‑1 draw with Slovenia. However, decisive victories over Ukraine and then Poland in the playoffs propelled them to Qatar.Fans in Stockholm now regard Potter with near‑heroic reverence, recalling his earlier triumphs with Östersund, where he guided the modest club from a 50,000‑person town to three promotions and a Swedish Cup win.During the post‑match press conference, Potter brought his children – decked in Swedish kits – to the front row, describing Gyökeres’s late winner as an “out‑of‑body experience”. Yet he remained modest, crediting the staff and the collective effort of the squad.“We stripped everything back to the basics, got the team together and let the talent speak,” Potter said. “It’s a team game – individual brilliance only shines when the whole unit clicks.”Poland may question how two playoff wins outweigh six qualifying matches, but the narrative underscores the power of redemption in sport. Potter summed it up: “My career has had amazing nights, but reaching the World Cup – wow, this is incredible.”

As Easter approaches, concert halls from London to Leipzig are flooded with performances of Johann Sebastian Bach’s masterpieces, most notably the St Matthew Passion and the St John Passion. Chart data from the Official Classical Chart, Apple Music’s classical rankings and specialist listings show Bach out‑performing every other composer, with releases such as Yunchan Lim’s take on the Goldberg Variations and Raphaël Pichon’s recording of the St John Passion leading the pack.Two vivid descriptors have captured the public’s imagination this week: “Bach the zombie” and “Bach the meat‑grinder.”strong> Violinist James Ehnes coined the former to highlight the music’s ability to survive any arrangement or re‑imagining, while Guardian critic Clive Paget used the latter to describe the relentless, visceral intensity of the opening chorus in Pichon’s St John Passion recording.The “meat‑grinder” metaphor points to Bach’s obsessive repetitions and searing harmonies that convey the raw agony of the Passion narrative. In contrast, the “zombie” image underscores the composer’s uncanny durability: his works thrive whether rendered for saxophone quartet, Wendy Carlos’s synthesizers, Leopold Stokowski’s lush orchestration, or even a mandolin played in a New York park.Bach’s presence on the silver screen further illustrates his cultural elasticity. His slow, stately rendition of the final chorus of the St Matthew Passion underscored Pier Paolo Pasolini’s 1964 film The Gospel According to St Matthew, while the haunting aria from the Goldberg Variations was famously chosen by Hannibal Lecter in The Silence of the Lambs as he prepares a gruesome act. These examples show how Bach can serve as both spiritual solace and chilling inspiration.Modern performers continue to reinvent the canon. Pianist Víkingur Ólafsson, who logged more than ninety performances of the Goldberg Variations in a single year, describes each rendition as a “religious pilgrimage” that reshapes the listener’s experience. Meanwhile, mandolin virtuoso Chris Thile released a second volume of Bach’s Sonatas and Partitas performed on his instrument in Tompkins Square Park. The recording captures ambient city sounds—birds, footsteps, fellow buskers—blending them with Bach’s intricate C‑major fugue to create what Thile calls “the effortless fugue of city life.”These diverse reinterpretations confirm a simple truth: Bach’s music is indestructible. Whether heard in a grand cathedral, a streaming playlist, or a bustling park, his compositions adapt without losing their core emotional impact. This Easter, listeners are invited to embrace Bach not as a relic confined to history, but as a living, breathing force that continues to energise and inspire across genres and generations.

The U.S. Food and Drug Administration announced on Wednesday that it has granted expedited approval to Eli Lilly’s oral weight‑loss medication, orforglipron—marketed under the brand name Foundayo. This makes Foundayo the second GLP‑1 pill to reach U.S. consumers, following Novo Nordisk’s Wegovy tablet approved in December. Orforglipron works by mimicking a natural hormone that regulates appetite and satiety, offering a non‑injectable alternative to existing GLP‑1 injectables. David A. Ricks, Eli Lilly’s chair and CEO, highlighted that fewer than one in ten eligible patients are currently using GLP‑1 therapies, citing barriers such as cost, stigma, and perceived complexity. Unlike Wegovy, which must be taken on an empty stomach each morning, Foundayo can be taken anytime of day regardless of meals, simplifying dosing schedules. Patients will start on a low dose that is gradually increased to mitigate side‑effects. Pricing is projected at $149 per month for the initial dose, with higher‑strength formulations potentially reaching $349 monthly. While private‑insurance coverage remains uncertain, a Trump‑administration proposal could allow Medicare to cover certain patients as early as this summer, with copayments as low as $50 per month. Distribution will commence on Monday through LillyDirect’s direct‑to‑consumer channel, with broader availability in pharmacies and telehealth platforms expected shortly thereafter. The convenience of a once‑daily pill is anticipated to improve adherence, especially for individuals who avoid injectables due to needle aversion or rigid dosing requirements. The approval follows a fast‑track submission submitted only months ago, positioning Foundayo to enter the market roughly three months after Wegovy. This rapid rollout is set to intensify competition in the burgeoning GLP‑1 space, where new agents are continually emerging with claims of better efficacy and lower costs.