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World Economy Apr 14, 2026

Australia’s EV Policy Gap Costs Billions and Delays Massive Consumer Savings

Australia’s reluctance to set firm deadlines for phasing out petrol and diesel cars has left the na…
In 2020, several nations—including the UK and India—announced ambitious bans on new internal‑combustion‑engine vehicles, while Norway already saw around 60% of new car sales being electric. Australia, however, remained on a different trajectory. Former Prime Minister Scott Morrison dismissed a Labor proposal for a non‑binding 50% electric‑vehicle target by 2030, claiming it would “end the weekend.” The Coalition ignored analyses suggesting that a robust emissions‑cut scheme could deliver a $14 billion net benefit by 2040, and later abandoned plans for an EV‑specific strategy. Five years on, the Albanese government has introduced a vehicle‑efficiency standard mandating annual reductions in average emissions from new cars. Though a long‑awaited move, the policy’s impact will be incremental rather than transformative. March saw a record number of Australians purchasing EVs, yet the market share remains modest—still under 15% of new car sales, up only slightly from 13% in 2025. With fuel prices soaring amid the Iran conflict, the majority of vehicles leaving showrooms are still powered by petrol or diesel, and many will stay on the road for the next 15‑20 years. One bright spot is the surge in second‑hand EV sales, which more than doubled last month despite a tiny baseline. Higher resale values are encouraging broader adoption by making electric cars financially accessible to a larger pool of buyers. Globally, electric vehicles accounted for roughly 25% of new car sales last year. In Australia, the price differential between comparable petrol and electric models averages around 20%, a significant barrier for many consumers. That gap is narrowing, and the potential savings for EV drivers are substantial. Data from energy analyst Simon Holmes à Court—using Amber electricity retailer figures—show that an EV can travel over 40 km per $1 of energy, whereas a conventional car manages less than 5 km per $1 of fuel. Amber’s own smart‑charging platform suggests the distance could reach 160 km per $1 under optimal conditions. Despite such evidence, Australian political discourse often struggles to envision a low‑fossil‑fuel future. Calls for expanded oil exploration, such as Queensland Premier David Crisafulli’s claim of a “sea of oil” in the Taroom trough, lack substantiation and would likely involve costly, long‑term development with uncertain returns. Compounding the issue, the mining sector—Australia’s biggest diesel consumer—receives a 52‑cent‑per‑litre rebate under a national fuel‑tax credit scheme, effectively subsidising over $1 billion annually for diesel use in coal mines. This incentive discourages investment in cleaner truck technologies, even as the safeguard mechanism attempts to curb emissions. Policy recommendations include tightening the vehicle‑efficiency standard to accelerate the shift toward cleaner cars, removing parallel‑import restrictions to boost the supply of affordable second‑hand EVs (as practiced in New Zealand), and reconsidering any road‑user charges on electric vehicles, which currently represent less than 2% of the total fleet. International examples offer guidance: China jump‑started its EV boom by issuing “green” licence plates and imposing hefty fees for fossil‑fuel plates, effectively raising the cost of owning a petrol car by up to $20,000. In sum, Australia’s delayed embrace of electric mobility not only hampers climate goals but also forfeits billions in economic gains. A decisive, well‑targeted policy overhaul could unlock significant consumer savings, reduce emissions, and align the nation with global EV trends.
#more #australia #cars
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News Apr 13, 2026

US‑Iran ceasefire talks in Islamabad end without agreement but preserve diplomatic channel

A high‑level US‑Iran ceasefire negotiation held in Islamabad under heavy security concluded after 2…
Islamabad transformed into a security zone on Saturday as the city imposed a lockdown, sealing roads, establishing checkpoints, and deploying over 10,000 security personnel ahead of the anticipated US‑Iran ceasefire talks. The Iranian delegation arrived quietly late on Friday night, traveling through Balochistan before a Pakistani Air Force aircraft switched off its call sign. By the next afternoon, the American team touched down at Nur Khan Air Base, a site India once claimed was damaged during last year’s brief conflict. On the tarmac, three distinctive tail fins—one American, two Iranian—caught the eye, a subtle reminder of the region’s reliance on symbolism. Both delegations were escorted along pre‑cleared routes to the Serena Hotel, which had been emptied and secured days earlier, turning the former luxury venue into a tightly controlled diplomatic arena. This marked the first direct, high‑level engagement between post‑revolution Iran and the United States on foreign soil. Clashing worldviews in the negotiation room Inside, the talks juxtaposed an American “peace through strength” stance with Iran’s “resistance with dignity” perspective. Pakistani Prime Minister Shahbaz Sharif warned the night before that the meeting was a make‑or‑break moment for lasting peace. Iran’s chief negotiator, Mohammad Bagher Ghalibaf, set pre‑conditions: any dialogue required progress on a Lebanon ceasefire—where Israel’s campaign has killed over 2,000 people—and the unfreezing of Iranian assets held abroad, which have crippled Tehran’s economy. Within hours of arrival, bilateral side‑talks began, offering a tentative thaw for Pakistani officials facilitating the process. Although previous rounds in Muscat, Vienna, Geneva and Abu Dhabi suffered from deep mistrust, this was the first occasion that the United States’ vice‑president JD Vance and Iran’s parliamentary speaker Ghalibaf faced each other face‑to‑face. Pakistan’s strategic mediating role Pakistan leveraged its unique position—close ties to Gulf states, a shared border with Iran, proximity to the Strait of Hormuz, and a strategic partnership with China—while not hosting US military bases. This allowed Islamabad to engage all parties without overt alignment. The marathon 21‑hour session Officials described the talks as continuous yet uneven. The first session lasted under two hours, followed by a brief procedural pause during which dinner was served but informal discussions continued. Subsequent rounds involved multiple draft exchanges and rapid redrawing of red lines, with constant communication to Washington—including President Donald Trump—and Tehran. Pakistani leaders, including Prime Minister Sharif, Foreign Minister Ishaq Dar, and Army Chief Asim Munir, worked around the clock, aiming not for a final pact but for a framework to prevent further escalation. Why the talks stalled As the session entered its final phase, the United States signaled an abrupt end. JD Vance summed up the outcome: “We had substantive discussions, but no agreement.” He emphasized the US demand for an affirmative, long‑term commitment from Iran not to pursue nuclear weapons, describing Washington’s proposal as its “final and best offer.” Iran’s ambassador in Islamabad framed the meeting as “not an event, but a process,” claiming it laid groundwork for future dialogue, while state‑affiliated outlets criticized the US stance as overly demanding. A senior Iranian foreign‑ministry spokesperson noted that, for Tehran, diplomacy is a continuation of its broader struggle, and any progress hinges on the other side’s “seriousness and good faith.” Pakistan’s cautious post‑talk posture Finance Minister Dar thanked both sides and pledged continued facilitation, avoiding any claim of victory or admission of failure. Behind the scenes, officials acknowledged pressure from multiple fronts—including Israel, whose prime minister Benjamin Netanyahu is perceived by some sources as a major obstacle to peace. Aftermath in Islamabad The city did not immediately revert to normal; security checkpoints and traffic diversions persisted, and the Serena Hotel remained under tight control. Journalists reported a disciplined environment with limited leaks, suggesting a deliberate effort to contain information. As the delegations departed, the door on diplomatic engagement remained open, albeit without a concrete agreement. The talks, though inconclusive, demonstrated that high‑level US‑Iran dialogue is possible under Pakistan’s mediation, preserving a channel that could prove pivotal in future regional negotiations.
#iran #pakistan #islamabad
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World Economy Apr 13, 2026

Metabolic Liver Disease Projected to Affect 1.8 Billion People by 2050

A recent study suggests that metabolic liver disease, also known as MASLD, will affect 1.8 billion …
Metabolic liver disease, or MASLD, is projected to affect 1.8 billion people worldwide by 2050, according to a recent study. This significant increase is primarily driven by rising obesity and blood sugar levels globally.MASLD, previously known as non-alcoholic fatty liver disease (NAFLD), is one of the most prevalent and rapidly growing liver conditions worldwide. The condition's prevalence has already seen a 143% increase in just three decades, from 500 million people in 1990 to 1.3 billion people in 2023.The study, published in the Lancet Gastroenterology & Hepatology journal, highlights that high blood sugar is the leading driver of MASLD-related health problems globally, followed by high BMI and smoking. These factors are strongly linked to type 2 diabetes and obesity.Regional disparities exist, with north Africa and the Middle East having disproportionately higher rates of MASLD. However, there have been sharp increases in the number of people affected in countries across the world, including the UK, Australia, and the United States.Despite the growing number of cases, the overall impact on health has remained stable, suggesting that advances in treatment and care are helping people live longer and healthier lives. However, the increasing number of cases still poses a risk of serious complications such as liver cirrhosis or cancer in the future.
#people #masld #liver
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Sports Apr 13, 2026

Daniel Levy’s £5.76m salary eclipses Tottenham Women’s £4.3m wage bill, exposing stark pay disparity in football

Financial accounts reveal that former Tottenham chair Daniel Levy earned £5.76 million in the 2024‑…
According to the latest Tottenham Hotspur financial statements, former executive chair Daniel Levy received £5.76 million in remuneration for the year ending 30 June 2025. That figure represents a 54% increase on his 2024 earnings and, as noted by football‑finance analyst Kieran Maguire, made him the highest‑paid director in the Premier League for the season. In stark contrast, the club’s women’s team—comprising 64 players and staff—had a combined salary and bonus total of £3.73 million, a 23% rise from the previous year. After accounting for social security and pension contributions, the overall wage bill reached £4.3 million, with an average annual earnings of roughly £58,000 per employee. This places Tottenham Women below several WSL rivals that have disclosed their 2024‑25 accounts, such as Brighton (£5 million), Manchester United (£5.88 million), and Arsenal (£11.3 million), but above Liverpool (£3.12 million). The women’s side recorded a post‑tax loss of £2.83 million, marginally higher than the £2.73 million loss reported in 2024. The deficit persisted despite a notable surge in commercial revenue, which more than doubled from £1.46 million to £3.34 million. Broadcast income remained static at £267,414, while prize‑money earnings fell by approximately £600,000. On the pitch, Tottenham Women finished the 2024‑25 campaign in 11th place in the Women’s Super League. However, the current 2025‑26 season shows a marked turnaround, with the team sitting fifth with three matches remaining and having nearly doubled their league victories compared with the previous term. Sources indicate that an internal review has repositioned women’s football as a strategic priority for the club, a shift that is expected to be reflected in the forthcoming 2025‑26 accounts.
#women #season #team
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Sport Apr 13, 2026

Rory McIlroy Defies Jack Nicklaus's Advice to Conquer Augusta's Treacherous 12th Hole

Rory McIlroy ignored Jack Nicklaus's advice on the 12th hole at Augusta National Golf Club during t…
Rory McIlroy faced a daunting challenge on the 12th hole at Augusta National Golf Club during the Masters Tournament. The hole, known as Golden Bell, had a pin positioned precariously on the far right edge, making it one of the most difficult holes in tournament golf. McIlroy decided to ignore Jack Nicklaus's advice to play for the middle of the green and instead went for the pin, a decision that could have easily backfired.Nicklaus, a legendary golfer and course designer, had previously advised McIlroy to avoid going for the pin if it's on the right side of the green, suggesting that players should prioritize making par over attempting a challenging shot. However, McIlroy chose to take a different approach, hitting his shot over the water and onto the green, where it bounded towards the cup.The crowd held its collective breath as McIlroy lined up his birdie putt, which was approximately seven feet left of the hole. With the wind whipping through the trees and the pressure mounting, McIlroy remained focused and sank the putt with ease, securing a crucial birdie that helped him stay in contention.This moment proved pivotal in McIlroy's victory, as he managed to navigate the challenging 12th hole successfully and maintain his position at the top of the leaderboard. McIlroy's win marked his continued dominance in the golf world, showcasing his skill and mental toughness under pressure.
#mcilroy #his #nicklaus
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World Economy Apr 13, 2026

Nigerian Handweavers Keep Aso‑Oke Tradition Alive as Global Demand Soars

Artisans in Iseyin, Nigeria, are preserving the hand‑woven aso‑oke fabric despite rising domestic a…
In the quiet town of Iseyin, about 200 km north‑west of Lagos, shaded courtyards and narrow lanes have become the beating heart of Nigeria’s iconic aso‑oke textile industry. Under makeshift sheds, weavers operate wooden looms that have remained largely unchanged for generations. Recent years have seen a surge in demand for the thick, multicoloured fabric, driven by the Nigerian diaspora and an expanding international appetite for African fashion. Yet the craftsmen and women of Iseyin staunchly oppose the introduction of machines, arguing that the hand‑woven process is essential to the cloth’s distinctive texture and cultural value. The craft now serves as an economic lifeline. Young Nigerians—including university graduates—are flocking to Iseyin to learn the trade, attracted by the promise of a steady income. One such convert, Waliu Fransisco, abandoned a career as a Lagos nightclub singer a decade ago to master the loom. At 34, he says, “I now earn a decent living from weaving aso‑oke and I’m satisfied.” Aso‑oke, literally meaning “cloth from the up‑country,” has become a staple in Nigeria’s fashion scene, appearing in ceremonial attire, contemporary streetwear, and even high‑profile outfits such as the wrapper and shawl worn by Meghan Markle during her 2024 visit to Nigeria with Prince Harry. Traditionally, the fabric was produced from locally sourced cotton or silk, with threads hand‑spun, dyed, and woven in limited colour palettes. Today, most weavers use loom‑ready yarns imported primarily from China, allowing for a broader spectrum of hues while preserving the labor‑intensive hand‑weaving technique. Each loom requires meticulous arrangement of narrow, tightly patterned strips that are later sewn together to form the wider cloth used for garments and accessories. “This is what Iseyin is known for,” says 35‑year‑old weaver Kareem Adeola, echoing the sentiment of a community that views the craft as a direct inheritance from its forebears. As global fashion houses and consumers continue to seek authentic African textiles, the artisans of Iseyin stand at the crossroads of tradition and market opportunity, proving that cultural heritage can thrive alongside modern demand.
#aso-oke #fabric #iseyin
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Politics Apr 12, 2026

UK Government Prepares Bill to Adopt EU Single Market Rules Using Henry VIII Powers, Bypassing Full Parliamentary Vote

The UK government is drafting legislation that would allow ministers to align British regulations w…
Britain’s cabinet is set to introduce a sweeping bill that would let ministers dynamically align UK regulations with EU single‑market rules using so‑called Henry VIII powers. The proposal would enable the government to adopt evolving EU standards in sectors such as food, drink, automotive and emissions trading without the need for a separate parliamentary vote on each change.The legislation is tied to the forthcoming food and drink trade deal with the EU, which the government claims will generate £5.1 billion a year for the British economy. By granting ministers the ability to implement new EU rules through secondary legislation, the bill aims to cut red tape, lower costs for businesses, and accelerate the rollout of trade agreements.Under the proposed framework, Parliament would retain the ability to approve or reject secondary legislation but would not be able to amend it. Critics warn this could turn MPs into mere "rubber‑stamps" for EU‑aligned regulations, limiting democratic scrutiny and potentially provoking retaliatory measures from the EU if the UK blocks such instruments.Political analysts note that the move comes amid heightened geopolitical tension following the United States’ war with Iran, which has exposed the fragility of Britain’s special relationship with Washington. Ministers argue that deeper regulatory alignment with the EU will add billions to the UK economy, mitigate the cost of the conflict, and address the “sluggish productivity” that has plagued the post‑Brexit era.Economic forecasts from the Office for Budget Responsibility (OBR) underscore the stakes: Brexit is projected to cut long‑run productivity by 4 % and shrink both exports and imports by 15 % compared with a scenario where the UK remained in the EU. Proponents of the bill contend that aligning with EU standards without re‑joining the customs union or single market will help reverse these losses while respecting political red lines on sovereignty and freedom of movement.Opposition parties, including hard‑Brexit advocates and the Liberal Democrats, have signalled they will challenge the bill, particularly in the House of Lords. The government acknowledges that while the Commons is unlikely to reject the proposal, the Lords could pose a significant obstacle.Academic voices, such as Prof Anand Menon of the think‑tank UK in a Changing Europe, caution that the approach amounts to “integration with the EU by stealth,” stripping the UK of a vote on the rules it will be forced to follow. He describes the situation as “the ugly trade‑off of Brexit,” where political control is sacrificed for economic access.Supporters counter that the bill will streamline the implementation of existing and future agreements, with any regulatory disputes to be settled by an independent tribunal rather than an EU court. They argue this balances the need for swift economic action with the preservation of constitutional safeguards.Prime Minister Keir Starmer has framed the initiative as part of a broader “reset” of UK‑EU relations, emphasizing a strategic partnership that deepens trade and defence cooperation while avoiding a return to the customs union or single market membership. The government stresses that Parliament will still play its “full constitutional role” in scrutinising the legislation.
#UK Government #Henry VIII powers #EU single market
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World Economy Apr 12, 2026

European EV Interest Soars Over 50% as Iran Conflict Triggers Record Petrol Price Spike

The Iran war has driven petrol prices to historic highs across Europe, prompting a sharp rise in el…
Since the outbreak of the Iran conflict in February, European car shoppers have turned sharply toward electric vehicles (EVs), spurred by a rapid climb in petrol costs that has made plug‑in power appear markedly cheaper. Major online marketplaces report a pronounced uptick in EV interest. Germany’s leading platform, Mobile.de, recorded a greater‑than‑50% increase in electric‑car inquiries in March compared with February, while demand for petrol and diesel models fell during the same period. Hybrid queries edged up only 4%. In the United Kingdom, Spain and Germany, the buyer‑matching service Carwow logged 20%‑30% growth in EV inquiries between February and March, with the UK alone seeing a 23% rise in electric demand and a 19% jump for hybrids. French marketplace La Centrale observed a staggering 160% surge in EV searches from early March to early April, underscoring how sensitive drivers are to energy‑price volatility. AutoScout24, operating across Germany, Austria and Italy, noted that demand for electric cars climbed by roughly 40%, while interest in petrol and diesel vehicles remained flat or declined. Official registration data reinforce the trend. The Society of Motor Manufacturers and Traders (SMMT) reported that March battery‑electric registrations hit 86,120 units—a 24.2% year‑on‑year increase** and a record high for the month. Industry insiders attribute the shift to a combination of soaring fuel costs and supportive policy measures. In Germany, diesel prices have reached **€2.50 per litre**, and the government’s **€6,000 purchase subsidy** for electric cars further narrows the cost gap. "What the German energy transition couldn’t achieve, the economic reality has delivered," said Ajay Bhatia, CEO of Mobile.de, highlighting how market forces are now driving the zero‑emission push. Volkswagen’s ID.3 emerged as the most popular battery model, benefitting from both the subsidy and heightened consumer awareness. Nevertheless, experts caution that the surge may be partly transitory. Mobile.de’s Bhatia predicts the spike will settle at "a new, higher normal," while Autotrader’s Ian Plummer notes that previous fuel‑price spikes did not translate into lasting EV adoption, emphasizing the need for continued confidence in vehicle range and charging infrastructure. Guillaume‑Henri Blanchet of La Centrale added that the crisis has given many drivers their first real sense of total‑cost‑of‑ownership, making them more willing to accept higher upfront prices for lower long‑term operating costs. As Europe grapples with the dual pressures of geopolitical tension and energy inflation, the automotive market appears poised for a structural shift toward electrification, though the durability of this momentum remains to be fully seen.
#electric #car #prices
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Sports Apr 12, 2026

Sunderland's Late Winner Deepens Tottenham's Relegation Fight as De Zerbi’s Tenure Falters

Tottenham Hotspur’s 1‑0 loss to Sunderland on April 12, 2026, pushed the London club further into t…
Roberto De Zerbi arrived on the pitch barely half an hour before kick‑off, his black padded gilet pulled up to the neck against a biting Wearside wind. By the final whistle the chill had eased, but Tottenham’s morale had plummeted.Sunderland’s 1‑0 victory not only cemented the visitors’ place in the league’s bottom three, it also lifted Régis Le Bris’s side to 10th place with six matches left in the campaign.Facing his third managerial appointment in a single season, De Zerbi urged his squad to rediscover the high‑risk attacking ethos of former boss Ange Postecoglou – a vision that remained frustratingly out of reach on a day dominated by low‑tempo play.Long‑time Tottenham midfielder Antonin Kinsky made a rare return after his brief, infamous cameo in a 5‑2 Champions League loss to Atlético Madrid. His comeback was cut short when a second‑half head clash forced his substitution for the inexperienced Brandon Austin.Goalkeeper Guglielmo Vicario, still recovering from hernia surgery, was expected to be tested. Sunderland’s Granit Xhaka delivered a sharply inswinging corner, but Kinsky calmly palmed the ball over the bar, keeping Spurs in the game.A potential penalty for Tottenham was overturned after VAR review; replays showed Omar Alderete had won the ball cleanly, while Randal Kolo Muani’s appeal proved unfounded.Richarlison offered brief flashes of quality but failed to convert his chances, and Dutch striker Brian Brobbey – described as a “human bulldozer” – was unable to capitalise on Enzo Le Fée’s incisive passes, despite a lone fine save from the Sunderland keeper.De Zerbi’s frustration was palpable. After Dominic Solanke’s weak finish allowed Sunderland’s Robin Roefs to deny a golden‑chance in stoppage‑time, the manager pulled his gilet up over his eyes, perhaps to shield himself from the disappointment.Mid‑second‑half, former Paris Saint‑Germain defender Nordi Mukiele, back from injury, struck a 20‑yard shot that deflected off centre‑back Micky van de Ven. The ball’s change of direction left the goal‑mouth ambiguous, sparking a debate over whether the goal should be credited to Mukiele or recorded as an own‑goal.The match’s physical intensity escalated when Brobbey’s challenge led to a painful collision between Kinsky and Cristian Romero, forcing both players off – Romero in tears with a leg injury. De Zerbi also expressed anger that Brobbey, already booked, escaped a second yellow card.Despite a flurry of substitutions, Tottenham struggled to pose serious questions to Sunderland’s defence, leaving the club’s relegation hopes hanging by a thread as the season draws to its final stretch.
#his #tottenham #zerbi
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