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World Economy Apr 01, 2026

Berkeley Halts Land Purchases and Implements Hiring Freeze as Iran War Triggers UK Housing Market Shock, Forecasts £1.4bn Profit by 2030

London‑focused housebuilder Berkeley announced a stop to new land acquisitions and a hiring freeze …
Berkeley, one of Britain’s largest housebuilders, said it will cease buying new land and impose a hiring freeze as it confronts the impact of the Iran war and broader geopolitical volatility on the UK property market.The FTSE 100 company warned that a reduced likelihood of further interest‑rate cuts and soaring regulatory costs could weigh heavily on its business, prompting cost‑cutting measures that also include using fewer subcontractors.In a significant outlook revision, Berkeley now expects to generate more than £1.4 billion in pre‑tax profit between 2027 and 2030, a stark increase from the roughly £450 million it had forecast for the current year and 2027.Market reaction was swift: the company’s shares plunged up to 18 % on Wednesday morning, later recovering to sit about 13 % lower, making Berkeley the worst performer on the FTSE 100 that day.Berkeley’s statement noted that early‑2026 sales showed modest recovery, but “recent geopolitical events and the macro‑economic consequences, including reduced potential for further rate cuts, could reduce confidence in a near‑term market recovery.”The firm cited “unprecedented” increases in costs and regulation, alongside weak buyer demand, as reasons for halting land purchases, arguing it can no longer achieve a sufficient rate of return on new sites due to a continuous rise in tax and regulatory burdens.These challenges arrive as the UK government pushes to meet ambitious new‑home building targets, while the sector grapples with higher taxation, new building‑safety rules, and longer planning timelines—Berkeley estimates approvals now take about 12 months longer than before.The ongoing war in Iran has amplified inflation fears, lifted mortgage rates above 5 % and heightened mortgage‑cost pressures for consumers, according to Moneyfacts data.Competitors such as Barratt, Redrow and Persimmon have also suffered, each losing more than 20 % of their market value, underscoring the broader stress across the housing‑construction industry.Berkeley, headquartered in Surrey, employs over 2,500 people and focuses on brownfield regeneration projects. It holds land sufficient for 50,000 homes with an additional pipeline for 10,000 homes in London and the south‑east, but will slow construction on existing sites to match market demand and regulator approvals.
#new #land #berkeley
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Business Apr 01, 2026

BP CEO Warns of 'Significant Complexity' in New Era for Oil Giant

BP's new CEO, Meg O'Neill, has addressed staff, outlining the challenges and opportunities facing t…
BP's new chief executive, Meg O'Neill, has told staff that the oil giant is operating in a world of significant complexity, marked by geopolitical tensions, conflict, rapid technological change, and shifting global energy demand. In her first message to employees, O'Neill promised a clear direction and consistency after a tumultuous period for the 117-year-old fossil fuel company. This period has seen BP pivot away from a failing green strategy and experience leadership changes. O'Neill, BP's third CEO in under five years, takes the helm during a critical time, with the ongoing Iran war triggering the global industry's biggest supply shock. She emphasized the company's role in delivering energy safely, reliably, and efficiently. The company previously aimed to cut its oil production this decade, which put BP at a financial disadvantage compared to other large oil companies like Shell when wholesale prices surged after Russia's invasion of Ukraine in 2022. O'Neill is expected to focus on making disciplined investments in new fossil fuel projects to revive BP's market value. This strategy comes as the Iran war has driven oil prices to near $118 a barrel and gas prices are at historic highs across Asia and Europe. BP's share price has reached an almost 16-year high amid the current geopolitical tensions. However, it saw a nearly 3.5% slump on Wednesday as Brent crude prices fell below $100 a barrel. In her memo, O'Neill expressed her excitement about BP's next chapter, highlighting the company's strength, remarkable people, and world-class assets. She emphasized BP's vital role in supplying energy to customers worldwide, underpinning economic growth and human development.
#Meg O'Neill #oil industry #energy transition
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Sports Apr 01, 2026

Iraq Secures Final World Cup Spot with 2-1 Win Over Bolivia

Iraq has qualified for the World Cup after a 2-1 victory over Bolivia in an intercontinental playof…
Iraq secured the final spot in the World Cup by defeating Bolivia 2-1 in a crucial intercontinental playoff held in Mexico. The match saw Iraq's Ali Al-Hamadi and Aymen Hussein score goals that sealed their first World Cup appearance in 40 years. The Iraqi team's preparations were disrupted due to the ongoing conflict in the Middle East. Despite these challenges, they showed resilience and determination. Ali Al-Hamadi opened the scoring for Iraq in the ninth minute, with a well-taken goal from a corner kick. Bolivia equalized in the 38th minute through Ramiro Vaca's shot, which was controlled and finished by Moises Paniagua. However, Iraq regained the lead in the second half when Aymen Hussein scored a crucial goal eight minutes into the second half. Iraq's Australian coach, Graham Arnold, had initially requested a postponement of the match due to the disruptions caused by the conflict. The team's journey to Mexico was also arduous, with most players taking a three-day overland trip from Baghdad. The win ensures Iraq's participation in Group I of the World Cup, where they will face France, Senegal, and Norway. This marks a significant achievement for Iraqi football, with their last World Cup appearance being in 1986.
#Iraq national football team #Bolivia national football team #FIFA World Cup 2026
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Sports Apr 01, 2026

Parents Claim England Cricket Board Is Marginalising Disabled Players in the Disability Premier League

Families of learning‑disability cricketers allege the ECB has allowed non‑disabled athletes into th…
The England and Wales Cricket Board (ECB) is facing criticism from parents of learning‑disability cricketers who say the board has permitted non‑disabled players to compete in the Disability Premier League (DPL), jeopardising the league’s role as the top feeder for England’s mixed‑disability side.Parents of former England internationals Jai Charan and Alex Jervis claim their sons were replaced by players who do not meet the ECB’s learning‑disability (LD) criteria. An anonymous parent estimates that 12 of the 64 players drafted in December were not disabled, a figure that, if accurate, would represent a significant breach of the league’s purpose.The DPL is intended to be the pinnacle of the pathway to the England Mixed‑Disability team. Under the ECB’s affiliation with Virtus – the global federation for athletes with intellectual impairments – any cricketer seeking an LD spot must demonstrate an IQ of 75 or below, as assessed by an educational psychologist.Owen Jervis, volunteer manager of Yorkshire’s disability team, alleges that several neurodiverse athletes have been fielded despite failing the LD assessment. He notes that most neurodiverse players would not satisfy the eligibility thresholds, citing professional bowler Em Arlott, diagnosed with ADHD and autism in 2023, as an example of a mainstream player with a neurodiverse profile.While the ECB is not legally bound to apply Virtus rules to a domestic competition, critics argue that the inclusion of non‑disabled players undermines the league’s integrity. “You can’t call it a Disability Premier League if the players aren’t disabled,” said Tracey Jervis.Another parent highlighted that his son, a learning‑disability cricketer, is now confined to county disability cricket rather than mainstream county cricket, where many England‑qualified players develop. He warned that the DPL has become an “old‑boys’ club” where selection is driven by personal connections rather than merit.The shift to a mixed‑disability format – combining learning, physical and deaf impairments in the same squads – has further reduced available spots. Parents claim that players without a qualifying LD are occupying key batting and bowling positions, relegating genuine LD athletes to peripheral roles such as fielding or carrying equipment.Owen Jervis raised these concerns with Richard Hill, the ECB’s events and competition manager for disability cricket, in September 2024. Hill acknowledged “several challenges” linked to high‑functioning conditions and said the ECB was drafting an action plan, though Jervis says the situation has worsened.Jai Charan, who debuted for the England LD team in 2023 and holds the DPL’s best bowling average and strike‑rate, and Alex Jervis, a decade‑long LD representative and three‑time LD Ashes winner, were reduced to non‑playing roles in the 2025 season. Charan’s father, Shanial Charan, expressed his disappointment: “My son has the best stats in the league yet he isn’t selected – it feels like discrimination within disability cricket.”The ECB responded that the DPL offers top‑level competition for 60 mixed‑disability players annually, with a strict quota for physical, learning and deaf impairments, making selection highly competitive. It acknowledged ongoing debates about eligibility and indicated a review slated for 2027 to potentially adjust criteria.
#England Cricket Board #Disability Premier League #Learning Disability Cricketers
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Global Development Apr 01, 2026

Mahrang Baloch's Unbroken Spirit: A Year in Solitary Confinement for Baloch Rights

Dr. Mahrang Baloch, a human rights activist and leader of the Baloch Yakjehti Committee (BYC), has …
Dr. Mahrang Baloch, a 30-year-old human rights activist, has endured a year of solitary confinement in a Pakistani jail cell. Her unwavering commitment to the Baloch people's rights has only strengthened despite the isolation.Confined to a small, bare cell with limited access to books and exercise, Mahrang has found ways to cope. She spends her days studying politics and reading books that remind her of a world beyond her prison walls. Her resolve has been tested, but not broken.The physical toll of her imprisonment is evident. Mahrang suffers from severe back and joint pain, which has prevented her from exercising. In February, she was hospitalized and diagnosed with a slipped disc and radiculopathy. Yet, she continues to advocate for her people's rights.Mahrang's family has also been targeted for her activism. Her cousin, Salal Baloch, was forcibly disappeared, and her 19-year-old cousin, Saifullah Baloch, remains missing. Her brother faces strict monitoring and harassment from the counter-terrorism department.Despite these challenges, Mahrang remains committed to peaceful resistance. She believes that the state's violence and collective punishment will not deter her or the Baloch people from demanding their rights. The BYC has documented over 1,200 cases of enforced disappearances in Balochistan in 2025 alone.Mahrang's story highlights the ongoing human rights crisis in Balochistan. Her courage and conviction serve as a beacon of hope for the Baloch people and human rights activists worldwide.
#baloch #our #political
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World Economy Apr 01, 2026

UK Chancellor Reeves convenes supermarket CEOs to tackle looming food price surge amid Middle East‑driven energy crisis

Chancellor Rachel Reeves will meet the heads of Sainsbury’s, Tesco and Morrisons to assess potentia…
The UK’s chancellor, Rachel Reeves, is set to sit down with the chief executives of Sainsbury’s, Tesco and Morrisons on Wednesday. The meeting aims to gauge the scale of possible price hikes and shortages of essential household goods as the nation grapples with a sharp rise in energy, fuel and fertiliser costs triggered by the ongoing Middle East conflict. A Treasury source described the gathering as a "fact‑finding, open discussion" intended to identify any supply squeezes and to forecast the impact on the cost of living over the coming months. Allan Leighton, executive chair of Asda, will not attend but has publicly urged the government to "stand up and start doing stuff" to aid farmers and curb fuel prices, warning that food costs will inevitably climb if the conflict persists. Simon Roberts, chief executive of Sainsbury’s, cautioned that price increases are "unlikely to rise until the summer" thanks to long‑term contracts on energy and fertiliser that currently keep a lid on costs. Nevertheless, UK growers are sounding the alarm. Producers of tomatoes, cucumbers, peppers and aubergines say higher input costs could force them to pull plants from the ground, creating potential gaps on supermarket shelves. Lee Stiles, secretary of the Lea Valley Growers’ Association – the region often dubbed London’s "salad bowl" – is lobbying for indoor food producers to be classified as "energy‑intensive users" alongside steel, chemicals, cement and glass, thereby qualifying for additional support with surging energy bills. Stiles also called on retailers to renegotiate contracts with growers to reflect the cost surge since the Middle East conflict began. He warned that the upcoming increase in standing charges on 1 April – a fixed daily fee for accessing the gas and electricity network – will further strain producers’ margins. "Growers have already invested in plants and labour for three to four months," Stiles said. "When you do the maths, the numbers don’t add up. They would lose less money by sending workers home, pulling the plants out and turning off the boiler." If domestic growers cut the season short, European glasshouses, which normally supply the UK’s salad market at this time of year, may struggle to fill the void, risking a repeat of the fresh‑produce shortages experienced in early 2023. The British Poultry Council (BPC) echoed these concerns, highlighting pressures on supplies of oil, gas, fertiliser and essential feed components. "These factors are creating sustained upward pressure on the cost of poultry production," the BPC warned, adding that while some cost increases may be absorbed, others will inevitably be passed on to consumers. Richard Griffiths, BPC chief executive, noted that while many farmers have long‑term energy deals, costs such as diesel are rising rapidly, and there are fears that vital medicines could become unavailable at any price. In response, the government has announced a £117 cut to household energy bills, an increase to the legal minimum wage, and the launch of a £1 billion "crisis and resilience" fund aimed at helping vulnerable households with expenses such as heating oil.
#tesco #morrisons #asda
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Sports Apr 01, 2026

USMNT Suffers 2-0 Loss to Portugal in World Cup Warm-Up

The US men's national team lost 2-0 to Portugal in a friendly match, extending their losing streak …
The US men's national team concluded their international window with a disappointing 2-0 loss to Portugal at Mercedes-Benz Stadium. The match marked their eighth consecutive defeat against European opponents, with a dismal goal difference of 22-6. Coach Mauricio Pochettino made several changes to the lineup from the previous match against Belgium, but the team's performance failed to improve. Despite a strong start, the US side eventually succumbed to goals from Francisco Trincão and João Félix. Christian Pulisic, a key player for the US, struggled with form and frustration throughout the match. He missed several scoring opportunities, including a low, poorly-struck effort in the sixth minute and a volleyed attempt from the edge of the six-yard box. His frustrations boiled over in the 41st minute, earning him a warning from the referee, and he was eventually subbed off at halftime. The loss to Portugal, ranked sixth in FIFA's world rankings, raises concerns for the US team as they prepare for the World Cup on home soil in two months. The team's inability to score against a top European side highlights their ongoing struggles with clinical finishing. The match also exposed vulnerabilities in the US team's defense, particularly in the midfield area. The absence of Tyler Adams, a vital defensive midfielder, was keenly felt as Portugal exploited the space and created scoring opportunities. Despite the disappointing result, Pochettino will likely use this match as a learning experience for his team. The US side will need to regroup and refocus as they prepare for the World Cup, where they will face stiff competition from top teams around the world.
#USMNT #Portugal #Christian Pulisic
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Video Apr 01, 2026

UN Expert Albanese Faces Pro‑Israeli Protesters During German Appearance

Al Jazeera reports that United Nations expert Albanese was confronted by pro‑Israeli demonstrators …
During a public engagement in Germany, UN expert Albanese was approached by a group of pro‑Israeli protesters. The encounter, reported by Al Jazeera, underscores the heightened sensitivities and public activism linked to the ongoing Israel‑related debates in Europe.
#expert #albanese #confronted
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Video Apr 01, 2026

Israeli Airstrike in Gaza Claims Life of Father and Toddler, Raising Civilian Casualty Concerns

An Israeli air attack in Gaza killed a father and his two‑year‑old son, underscoring the growing ci…
An Israeli airstrike in the Gaza Strip resulted in the deaths of a father and his two‑year‑old son, according to a report from Al Jazeera dated March 31, 2026. The incident highlights the persistent risk to civilians amid ongoing hostilities between Israel and Hamas. While the specific location of the strike was not disclosed, the loss of a child has intensified international scrutiny over the proportionality of military operations in densely populated areas. Humanitarian groups have repeatedly warned that such casualties can exacerbate humanitarian crises and fuel further resentment among the local population. Analysts note that civilian deaths, especially of children, often shape diplomatic narratives and can influence foreign policy responses. Each civilian casualty not only deepens the human tragedy but also complicates efforts toward ceasefire negotiations and post‑conflict reconstruction. The incident arrives at a time when both sides are under pressure to adhere to international humanitarian law. Observers stress that protecting non‑combatants is a legal and moral imperative that, if ignored, could lead to broader regional instability. As the situation evolves, the international community is likely to monitor the incident closely, with potential implications for aid delivery, diplomatic engagements, and future military strategies in the region.
#israeli #air #attack
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