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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.

Tottenham's new head coach, Roberto De Zerbi, has issued an apology for his previous comments on Mason Greenwood, the Marseille forward who faced charges of attempted rape and assault in 2022. De Zerbi faced backlash from fan groups, including Proud Lilywhites, Women of the Lane, and Spurs Reach, due to his remarks about Greenwood. In his first interview with Tottenham's in-house media, De Zerbi stated, 'I have never wanted to downplay the issue of violence against women or violence against anyone more broadly.' He emphasized his commitment to standing up for vulnerable individuals and expressed regret for any offense caused by his previous statements. 'I am sorry if I offended anyone's feeling with this subject matter – I have a daughter and I'm very sensitive to these things, and I always have been.' Greenwood was charged in October 2022 but the charges were dropped in February 2023 due to a lack of witnesses and new evidence. He has since joined Marseille and denied the allegations. De Zerbi's appointment as Tottenham's head coach was met with criticism from the Tottenham Hotspur Supporters' Trust, who expressed 'serious and far-reaching concerns' over his comments on Greenwood.

The United States is expanding its military footprint in the Gulf as the US‑Israel war with Iran enters its second month. Since the Feb. 28 launch of Operation Epic Fury, a joint air campaign targeting Iranian military and nuclear sites, more than four weeks of strikes have resulted in thousands of casualties.Defense Secretary Pete Hegseth announced the deployment of a third aircraft carrier, the USS George HW Bush, joining the USS Abraham Lincoln, which is currently conducting daily combat sorties from the Arabian Sea, and the USS Gerald Ford, now under maintenance in Croatia.These carrier groups carry thousands of sailors, Marines and specialised support personnel, forming the core of the US’s power projection in the region.Carrier Strike Group (CSG) refers to an aircraft carrier plus its escort ships and support units that together function as a floating base. A typical CSG includes:An aircraft carrier60‑75 fighter jets and helicopters2‑4 Arleigh Burke‑class destroyersA guided‑missile cruiserA submarine for underwater protectionSupply shipsAs of April 1, the USS Abraham Lincoln remains the only carrier launching daily combat missions against Iranian targets, while the USS George HW Bush is en route and expected to eventually replace the Gerald Ford in the Mediterranean.Amphibious Ready Group (ARG) operates as a mini‑carrier, carrying US Marines and equipment for sea‑to‑land invasions. The USS Tripoli ARG arrived in the Middle East on March 27, and the USS Boxer ARG is expected to join the theater by mid‑April. An ARG typically comprises:Three specialised ships~2,200 Marines (a Marine Expeditionary Unit)Short‑takeoff aircraftLanding craft for beach assaultsThe key distinction: ARGs are built to land troops on shore, whereas CSGs are designed to project air power and conduct major naval warfare.A Marine Expeditionary Unit (MEU) is a rapid‑response, self‑contained force of 2,200‑2,500 Marine Corps personnel capable of combat and humanitarian missions. On Friday, US Central Command confirmed that 2,200 Marines from the 31st MEU arrived in Middle Eastern waters after departing Sasebo, Japan, on March 13. A second unit, the 11th MEU with roughly 2,500 Marines, is inbound after leaving San Diego on March 18.The Pentagon has also ordered about 2,000 soldiers from the 82nd Airborne Division to move to the region, adding to the approximately 50,000 US troops already stationed in the Middle East.An MEU is organized into four elements:Command Element – ~200 personnel for planning and command‑and‑control.Ground Combat Element – ~1,200 troops centered on an infantry battalion with artillery and armoured vehicles.Aviation Combat Element – ~500 personnel operating transport helicopters, attack aircraft and Osprey tilt‑rotors.Logistics Combat Element – ~300 personnel providing up to 15 days of self‑sustainment, including medical, engineering and maintenance support.MEUs are typically deployed aboard a three‑ship ARG, which serves as a floating base. The ships include:Landing Helicopter Assault/Dock – a small carrier carrying short‑takeoff aircraft such as F‑35Bs and attack helicopters.Amphibious Transport Dock – a mid‑size vessel transporting troops and heavy vehicles.Dock Landing Ship – primarily for cargo and heavy equipment.MEUs can execute sea‑to‑land assaults, raids, evacuations, humanitarian aid and disaster‑relief operations, and they are often the first forces on the ground in emerging conflicts.The US Marine Corps maintains seven active MEUs; the 31st (Asia‑Pacific) and 11th (West Coast) are currently assigned to the Iran war. The other units are distributed as follows:East Coast: 22nd, 24th, 26th MEUWest Coast: 11th, 13th, 15th MEUAsia‑Pacific: 31st MEUTypically, three MEUs are forward‑positioned at any time, rotating through deployments in the Mediterranean, Gulf and Asia‑Pacific regions.Historically, MEUs have played pivotal roles in US operations: during the 2001 Afghanistan invasion, the 15th and 26th MEUs conducted one of the longest amphibious vertical insertions; in 2003‑2004 they helped secure Iraqi ports and fought in Fallujah; and in 2024 they provided sea‑based support for the attempted abduction of Venezuelan President Nicolás Maduro.

According to reports from Bloomberg and the Wall Street Journal, SpaceX has quietly lodged a confidential registration statement with the U.S. Securities and Exchange Commission, signaling its intention to go public. The filing could set a valuation ceiling of $1.75 trillion, positioning the offering among the most valuable ever attempted. Regulators will now review the disclosed financials before the prospectus becomes public. Analysts anticipate that the IPO could be priced as early as June 2026, a timing that aligns with what industry observers describe as a “banner year” for mega‑cap listings. The move also coincides with rival AI firms—OpenAI, which recently closed a $122 billion funding round, and Anthropic—preparing their own public debuts. SpaceX’s parent, Elon Musk, already the world’s wealthiest individual, stands to increase his net worth further, potentially edging toward the elusive trillion‑dollar milestone. The public offering would also provide a clearer picture of a company that has become the cornerstone of both commercial spaceflight and satellite broadband. Beyond rockets, SpaceX’s Starlink satellite network now accounts for more than half of the firm’s revenue, according to Reuters. The service not only fuels the company’s earnings but also extends Musk’s geopolitical influence, with customers ranging from the Ukrainian military to remote communities worldwide. In February, SpaceX completed the acquisition of Musk’s artificial‑intelligence venture xAI, a deal that valued the AI unit at roughly $250 billion. The purchase is tied to plans for solar‑powered data centers in orbit, intended to meet the soaring compute and energy demands of the AI boom. The company’s financial details remain tightly guarded, and a full disclosure is expected only after the SEC clears the filing. International banks, including the UK‑based Barclays, have been tapped to manage the offering, underscoring the global scale of the transaction. SpaceX’s deepening ties with the U.S. government—spanning defense contracts and the majority of NASA’s launch schedule—further cement its strategic importance. As the firm pivots toward orbital data centers and supports NASA’s upcoming lunar missions, the traditional narrative of colonising Mars has taken a back seat.

Chelmsford City racecourse, located in Essex, has faced a significant setback with the loss of its licence to host racing fixtures. This development has cast a shadow over the venue's future, particularly after the lucrative Good Friday fixture, which offered £250k in prize money, was cancelled.The troubles for Chelmsford City are not new; the track has experienced a tumultuous history. A notable incident involved Justin Timberlake's concert on 4 July 2025, which led to chaotic scenes as 25,000 fans attempted to leave, resulting in lengthy queues and some spectators abandoning their cars to walk along the nearby A131 dual carriageway.The British Horseracing Authority (BHA) announced on Wednesday that it did not consider it appropriate to grant a racing licence to Golden Mile Racing Limited (GMRL), the company that had applied to take over the licence for the remainder of 2026. As a result, GMRL is not licensed to stage any fixtures, pending the outcome of any appeal.This decision affects not just the upcoming fixtures but also the scheduled meetings on 2 April, 3 April, and 9 April. The permanent loss of Chelmsford City, which hosted 38 meetings in 2025, would create a significant gap in the racing schedule, particularly for top yards preparing for the new summer Flat season.Chelmsford City's history dates back to 2008 when it finally staged its first meeting after years of planning. Despite its US-style oval mile track being praised for its fairness and galloping nature, and its ideal location near Newmarket, the venue has struggled with facilities issues.The track's operator, Great Leighs Estates Limited, went into administration in late March, adding to the uncertainty surrounding Chelmsford City's future.

The United States Department of Defense has strongly denied allegations that a broker for Defence Secretary Pete Hegseth attempted to make a large investment in weapons companies in the run-up to the war on Iran. The denial comes after a report by The Financial Times claimed that a wealth manager for Hegseth contacted BlackRock about making a multimillion-dollar investment in a defence-related fund.Pentagon spokesman Sean Parnell demanded the immediate retraction of the report, stating that the allegations were 'entirely false and fabricated.' He emphasized that neither Secretary Hegseth nor any of his representatives approached BlackRock about any such investment.The proposed investment was reportedly in an exchange-traded fund whose holdings include Lockheed Martin and Northrop Grumman. However, according to The Financial Times, the investment did not go ahead because the fund was not yet available for purchase at the time.The report has sparked scrutiny of well-timed trades in financial and prediction markets, fueling speculation that figures with insider knowledge may be profiting from US President Donald Trump's war plans.Despite the denial, the incident has raised concerns about the integrity of defence-related investments and the potential for insider trading.

The Tottenham Hotspur Supporters’ Trust has issued a scathing statement on the club’s recent appointment of Roberto De Zerbi as head coach on a five‑year contract. The Trust says the move places a heavy strain on unity while the team fights to avoid relegation from the Premier League. Central to the criticism is De Zerbi’s public endorsement of Mason Greenwood during his tenure at Marseille. Greenwood, a former England forward, faced serious criminal allegations in 2022—including attempted rape, controlling and coercive behaviour, and assault occasioning actual bodily harm. The Crown Prosecution Service discontinued the case in February 2023 after key witnesses withdrew and new material emerged, though Greenwood has consistently denied the charges. De Zerbi described Greenwood as a “good person” and expressed sympathy for the player, remarks that were swiftly condemned by supporter groups such as Proud Lilywhites (the club’s LGBTQI+ association) and Women of the Lane. The Trust noted it had reached out to Tottenham before the appointment to voice its opposition. “While we recognise the limited pool of managers with recent Premier League experience, this appointment raises serious and far‑reaching concerns,” the Trust said. “De Zerbi’s comments about Mason Greenwood were unnecessary, ill‑judged, and deeply offensive to many supporters, and will alarm victims of male violence.” The Trust warned that unchecked statements could create a divide among supporters at a time when the club’s “All Together, Always” initiative is meant to rally fans behind the team. It called on Tottenham and De Zerbi to publicly reaffirm their commitment to equality, respect and integrity, and to back those words with concrete actions, including sustained support for women’s charities fighting violence. Tottenham have been contacted for comment.

Chinese dissident artist Gao Zhen, renowned for his satirical sculptures of Mao Zedong, has been tried in China on charges of 'defaming national heroes and martyrs'. His wife and a human rights group reported the trial.Gao, 69, was detained in 2024 during a visit to China from the US. He faces a maximum three-year prison sentence. The trial took place behind closed doors in Hebei province and ended without a verdict.Gao is known for his sculptures criticizing the 1966-1976 Cultural Revolution, a period of social turmoil and political persecution in China. His works include 'Miss Mao', featuring Mao with a Pinocchio nose and breasts, and 'Mao's Guilt', a bronze statue of Mao kneeling remorsefully.Gao's wife, Zhao Yaliang, and their seven-year-old son, a US citizen, are under exit bans and cannot leave China. Gao suffers from malnutrition and various health conditions, including lumbar spine disease and chronic knee and eye conditions.The trial highlights China's strict control over artistic expression and its efforts to suppress dissent. EU diplomats attempted to attend the trial but were blocked from entering the court.

Russia's Federal Security Service (FSB) has ordered a British diplomat to leave the country within two weeks, alleging economic espionage activities. The UK has strongly rejected these claims, labeling them as 'completely unacceptable' and an attempt at intimidation.The FSB claims that Albertus Gerhardus Janse van Rensburg, the second secretary at the British Embassy in Moscow, was involved in intelligence and subversive activities that threaten Russia's security. According to the FSB, the diplomat attempted to obtain sensitive information during informal meetings with Russian experts in economics.The Russian Ministry of Foreign Affairs has delivered a protest to Britain's charge d'affaires over the alleged spy. In response, the British Foreign Office stated that it would not tolerate intimidation of its embassy staff or their families.This development highlights the escalating tensions between Russia and the UK, particularly in the context of Russia's ongoing conflict with Ukraine. The UK supports Ukraine with financial and military aid, viewing Russia as its primary immediate threat due to alleged cyberattacks, killings, and sabotage campaigns.Since Russia's full-scale invasion of Ukraine in February 2022, Russian authorities have sought to suppress opposition to the war while rallying support among Russian citizens. This latest diplomatic expulsion underscores the deteriorating relations between Russia and Western nations.