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The UK government's borrowing costs have risen above 5% amid an intensifying global bond market sell-off fueled by the Iran war. The yield – or interest rate – on 10-year debt hit its highest level since the 2008 financial crisis, rising 13 basis points to 5.081%, as investors acted on concerns about the economic fallout from the conflict.Borrowing costs also rose for the US and eurozone governments, underscoring growing turbulence in the global financial system after Donald Trump's extension of a deadline for a peace deal failed to soothe jittery investors. Financial markets worldwide slumped on Friday, extending falls seen since the outbreak of the war, with losses in London and across major US and EU trading hubs. The price of Brent crude remained above $110 a barrel.Kathleen Brooks, the research director for the UK at the financial trading platform XTB, said: “Markets feel more panicky this week, and Friday’s price action suggests that investors are losing faith in Donald Trump’s ability to end this war and reach a deal with the Iranians.”Economists have warned that the Bank of England could be forced to take a tough approach to tackling inflation after losing some of its credibility by underestimating the leap in inflationary pressures in 2022. The increase in borrowing costs will add to the challenges facing Rachel Reeves, the chancellor, amid pressure on Labour to provide a package of financial support for households already reeling from a cost of living crisis.

The UK's Competition and Markets Authority (CMA) has initiated investigations into five companies, including Autotrader and Just Eat, due to concerns about their handling of online reviews. The CMA is examining whether these companies have failed to adequately address fake and misleading reviews on their platforms. The investigations focus on several key issues: Autotrader and Feefo are being looked into for potentially excluding one-star reviews from being published; Dignity is under scrutiny for allegedly asking staff to write positive reviews; Just Eat is being investigated for possibly inflating star ratings; and Pasta Evangelists is accused of offering discounts in exchange for five-star reviews. CMA Chief Executive Sarah Cardell emphasized the importance of genuine reviews, stating, 'Fake reviews strike at the heart of consumer trust – with many of us worrying about misleading content when looking at reviews online.' The CMA has not yet reached any conclusions but aims to ensure that companies comply with UK consumer law. The investigations bring the total number of businesses under review to 14. If the CMA finds that a company has broken the law, it can enforce changes and impose fines of up to 10% of global turnover. The UK consumer body Which? has highlighted that 89% of people rely on reviews when making purchasing decisions, underscoring the significance of this issue. The CMA's new powers under the Digital Markets, Competition and Consumers Act allow it to address unfair practices related to online reviews without needing to go to court. This crackdown is part of a broader effort to protect consumers and maintain trust in online marketplaces.

Iran's national football team made a poignant statement before a friendly match against Nigeria in Turkey on Friday. As their anthem played, the players held up school bags and wore black armbands, a powerful gesture of protest against the killing of schoolgirls in a recent US-Israeli strike.The friendly match, held in the resort town of Belek, comes as Iran's participation in the upcoming World Cup in the United States, Mexico, and Canada hangs in the balance due to the ongoing conflict. The team's actions were a clear reference to the attack on the Shajareh Tayyebeh school, which Tehran claims resulted in the deaths of over 175 people, including children and teachers, on the first day of joint US-Israeli strikes.An Iranian team spokesperson confirmed that "the players are holding the school bags close to their heart in remembrance of the 165 girls the Americans killed in an Iranian school." This dramatic gesture underscores the team's stance on the issue and highlights the human cost of the conflict.The incident has sparked significant controversy, with some members of Iran's women's football team refraining from singing the national anthem during an Asian Cup match earlier this month. State TV in Tehran responded by labeling them "traitors."Iran's football federation had sought to have their national team's World Cup games relocated from the US to Mexico, but this request was rejected by Fifa. The team, which lost Friday's game 2-1 to Nigeria, is set to play Costa Rica in another friendly match in Turkey on Tuesday.

Ali Ahmed experienced goose bumps watching Canada walk out at the last World Cup, a surreal moment for the winger who had never witnessed his nation compete on football's biggest stage. This time around, he'll not only be at home but at the heart of the action in two cities that hold special significance for him.Jesse Marsch's Canadian side faces Qatar and Switzerland in Vancouver after an opener against a potential European playoff winner in Toronto. An encounter with Italy in Ahmed's hometown would carry particular weight, given the city's substantial Italian population and his parents' Ethiopian heritage with their love for Italian football. Football has been ingrained in his family since childhood, a passion that has guided his remarkable journey.On the outskirts of Toronto, a teenage Ahmed used to sneak onto Toronto FC's training pitches before dawn for kickabouts with friends. His persistence and determination eventually led him to professional football, though not through the conventional path. At 17, he turned down a Toronto FC academy spot to pursue opportunities in Portugal, Spain, and the Netherlands, facing numerous challenges along the way.Now at Norwich City since January, the 25-year-old has established himself as a key player on the left wing, contributing significantly to the team's improved form in the Championship. Ahmed started all seven Norwich matches during Ramadan, waking before 4am for Suhoor, the pre-dawn meal. His experience fasting during a crucial period of the English season has been a learning curve, though he's noted the exceptional support he's received in England.Ahmed candidly discusses his upbringing in Toronto's Lawrence Heights neighborhood, an area experiencing significant gun violence. Despite the challenges, he describes a close-knit community where people supported each other. Football provided an escape route, leading him to opportunities he never anticipated.His career has seen remarkable highs, including playing against Lionel Messi's Argentina at the Copa América and scoring in the MLS Cup final defeat to Inter Miami. After being knocked unconscious during a Canadian Championship match in 2023, Ahmed's determination only grew.As Canada prepares to host the World Cup, Ahmed sets ambitious goals: "I want to win our group. And then from there, into the knockout rounds. It's important to have that belief that we can play with anybody. Why not?" With home advantage in two cities that mean the world to him, Ahmed sees the perfect setup for both himself and the Canadian team.

The Royal Opera's new production of Britten's 'The Turn of the Screw' begins with an eerie effect: the tenor's voice emerges from absolute blackout, setting the tone for an evasive ghost story that will keep audiences on edge. Director Natalie Abrahami and designer Michael Levine have crafted a staging that masterfully builds tension, using water as a recurring motif to underscore the themes of innocence and corruption.The set design features a traditional country house with doors, beds, and the Governess's haunted desk, while Duncan McLean's videos project images onto an invisible screen, adding to the sense of unease. The ghosts and their silent doppelgangers move through the space, creating skilful misdirections and emphasizing the Governess's desperation.The cast delivers richly woven performances, with Isabelle Peters shining as the intense Governess, Claire Barnett-Jones warm as Mrs Grose, and Elgan Llŷr Thomas persuasive as the volatile Peter Quint. The children, played by Phoenix Matthews and Emilia Blossom Ostroumoff, bring extraordinary detail and presence to their roles.Conductor Bassem Akiki draws a compelling performance from the 13 players in the pit, and the tension only loosens its grip when the cast and production team take their bows. This production of 'The Turn of the Screw' runs at the Linbury theatre, London, until 6 April.

A tragic incident has occurred in Lebanon, where a teenage volunteer paramedic lost their life in an Israeli airstrike. The event took place on March 26, 2026, and has been reported by Al Jazeera.The victim, a teen volunteer, was actively involved in providing medical assistance, underscoring the grave risks faced by civilians and medical personnel in conflict-affected areas.This incident has further strained the already tense relations between Israel and Lebanon, drawing attention to the humanitarian consequences of ongoing hostilities in the region.

The ongoing conflict between the United States, Israel, and Iran has created a significant disruption in the global helium supply chain, affecting approximately one-third of worldwide production. This critical resource, essential for both medical diagnostics and advanced manufacturing, faces unprecedented challenges as shipping restrictions and production halts impact markets worldwide.The disruption stems primarily from Qatar, the world's largest helium producer, which accounts for about 63 million cubic meters of the roughly 190 million cubic meters of helium produced globally annually. Following Iranian attacks on Qatari energy infrastructure, QatarEnergy has announced a 14% annual reduction in helium exports, citing damage to its LNG facilities that also produce helium as a byproduct.The Strait of Hormuz, a critical maritime chokepoint, has seen traffic nearly grind to a halt after Iranian officials announced new transit restrictions. This waterway serves as the primary export route for Qatar's helium, with no viable alternative maritime outlet available.The impact of this helium shortage extends across multiple sectors. MRI machines, which rely on helium's unique cooling properties, face potential operational delays, while the semiconductor industry—a cornerstone of modern technology—also depends on this irreplaceable resource for chip manufacturing. South Korea, Japan, Taiwan, and China stand as the most vulnerable economies, being the largest consumers of Gulf-sourced helium.Market analysts project that helium prices could surge by 10-50% depending on the duration of the supply disruption, with buyers lacking long-term contracts experiencing the most immediate price increases. The medical industry, in particular, has been attempting to develop alternatives, including helium-free MRI technologies and helium recycling systems, though most current systems remain dependent on liquid helium.The United States, as the largest global helium producer at over 40% of worldwide supply, cannot fully compensate for the Gulf shortfall. Even North American consumers face challenges, with major distributors like Airgas already cutting shipments by half and parent company Air Liquide reallocating its supply chain to access helium from other regions.This helium crisis represents the fifth significant supply shortage since 2006, highlighting the vulnerability of global supply chains for critical industrial materials with no artificial substitutes. The situation underscores how geopolitical conflicts can have far-reaching consequences beyond traditional energy markets, potentially impacting healthcare accessibility and technological innovation worldwide.

The World Trade Organization (WTO) has issued a stark warning that the world is currently facing the worst trade disruption in 80 years. This severe disruption is having far-reaching implications for the global economy, affecting trade flows and economic stability worldwide.The WTO's assessment underscores the gravity of the situation, with global trade experiencing unprecedented challenges. While specific details on the causes and exact extent of the disruption are not provided, the organization's statement highlights the urgent need for coordinated international efforts to address these issues and mitigate their impact on the global economy.

Former US President Donald Trump has made a striking statement about Iran, characterizing its fighters as 'lousy' while acknowledging them as 'great negotiators'. This mixed assessment came in a recent public statement, reflecting Trump's distinctive approach to international relations and diplomacy.The comment underscores the complex dynamics between the United States and Iran, particularly during Trump's presidency. Trump's remarks often sparked controversy and debate, and this latest statement is no exception. By highlighting Iran's negotiation skills, Trump may be suggesting a potential avenue for future diplomatic engagement, despite his critical view of their military capabilities.The relationship between the US and Iran has been marked by periods of heightened tension, particularly over issues such as nuclear agreements and regional influence. Trump's comments add to the ongoing discourse about how to approach diplomatic relations with Iran, reflecting broader themes in international relations about the balance between military strength and negotiation.