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World Economy Mar 26, 2026

UK Economy to Suffer Most from Middle East Conflict, OECD Warns

The OECD warns that the UK economy will be hit harder than any other industrialized nation by the c…
The conflict in the Middle East is expected to have a significant impact on the UK's economy, with the Organisation for Economic Cooperation and Development (OECD) warning of rising inflation and downgrading the UK's growth forecast to 0.7% this year.The OECD's analysis suggests that the UK economy will grow by just 0.7% this year, compared to its last forecast of 1.2% for 2026. This downgrade is attributed to a weakening of the UK jobs market and a contraction in business investment towards the end of 2025.The UK's economy is expected to suffer higher inflation than previously expected, with the OECD citing the country's dependence on international trade and imports of fuel as a major factor. In contrast, France, Germany, and Italy are expected to suffer a more modest hit to growth of 0.2 percentage points.The OECD's chief economist noted that the evolving conflict in the Middle East will test the resilience of the global economy, which is expected to grow at an average rate of 2.9% this year. However, the organization warned of a significant downside risk to the outlook, citing persistent disruptions to exports from the Middle East and potential repricing in financial markets.UK Chancellor Rachel Reeves responded to the OECD's warning, stating that the government plans to take steps to build a stronger, more secure economy, including handing more powers to regional mayors, embracing AI and innovation, and establishing a closer relationship with the EU.
#economy #prices #growth
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World Mar 26, 2026

Italy Seizes €20m in Assets Linked to Ursula Andress's Embezzled Funds

Italian authorities have seized €20m in assets allegedly purchased with money embezzled from actres…
Italian authorities have seized €20m (£17.3m) of assets in Tuscany, including property, vineyards, and olive groves, allegedly bought with money embezzled from the actor Ursula Andress.Andress, 90, had filed a complaint in her native Switzerland alleging a “progressive and significant depletion of her assets” by individuals charged with managing her finances, Italy’s financial crimes police said in a statement on Thursday.Prosecutors in the Swiss canton of Vaud built a picture of a “systematic misappropriation of financial resources” worth about 18m Swiss francs carried out through multiple, opaque transactions, the police said. The money was traced to Italy, where prosecutors in Florence took up the case and police began following the paper trail.They tracked it to San Casciano in Val di Pesa, near Florence, and a real-estate complex consisting of 11 units and 14 plots of land used as vineyards and olive groves, as well as works of art and other assets, the statement said. The judge for preliminary investigations of the court of Florence ordered the seizure of the entire illicit profit, up to the amount of CHF 18,000,000, to be enforced against the identified assets.No suspects were identified in the statement. Andress surged to fame thanks to a scene in the 1962 James Bond movie Dr No, in which she emerged from the sea on to a Caribbean beach in a white bikini, knife at her hip and a seashell in each hand.
#assets #andress #her
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Sports Mar 26, 2026

Gattuso's Italy Face Crucial World Cup Playoffs Against Northern Ireland

The World Cup playoffs are heating up with crucial matches for several European teams. Italy, led b…
The World Cup playoffs have reached a critical stage, with several high-stakes matches set to determine which European teams will qualify for the tournament. Gennaro Gattuso's Italy are facing a significant challenge against Northern Ireland, a team they have not beaten in a competitive match since 1983.Craig Bellamy's Wales are also in action, taking on Bosnia and Herzegovina in a match that promises to be closely contested. The winner of that tie will face either Poland or Albania in the playoff final.The Republic of Ireland, who reached the playoffs thanks to Troy Parrott's late winner in Hungary, have a tough match against the Czech Republic in Prague. The victor will play either Denmark or North Macedonia at home on Tuesday.Graham Potter's Sweden are another team in action, facing Ukraine in Valencia with the winner hosting Poland or Albania next week. If Sweden win both ties on penalties, they will become the first team to qualify for a World Cup without winning a single match since Hungary in 1954.These matches represent the final hurdle for several teams hoping to qualify for the World Cup, and the pressure is on for managers like Gattuso, Bellamy, and Potter to deliver results.
#football #but #cup
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World Economy Mar 25, 2026

QatarEnergy Invokes Force Majeure on LNG Contracts Amid Iran Conflict

QatarEnergy has declared force majeure on some long-term LNG supply contracts due to production and…
QatarEnergy has invoked force majeure on certain long-term liquefied natural gas (LNG) supply contracts, impacting customers in Italy, Belgium, South Korea, and China. This decision comes as the company faces production and supply disruptions due to the ongoing conflict between the US, Israel, and Iran.The force majeure clause, commonly included in contracts, allows a party to be excused from its obligations under unforeseen circumstances. This is not an isolated incident, as petroleum companies in Kuwait and Bahrain have also recently invoked force majeure.The global energy market has been significantly affected since the US and Israel began their attacks on Iran on February 28. Iranian missile and drone strikes across the Middle East, particularly in the Gulf region, have targeted crucial oil and gas facilities. These actions have led to international condemnation and have essentially closed the Strait of Hormuz, a vital waterway through which approximately one-fifth of the world's oil and LNG supplies pass.QatarEnergy's CEO, Saad al-Kaabi, recently reported that an Iranian attack on Qatar's Ras Laffan gas facility resulted in the loss of about 17 percent of the country's LNG export capacity. This damage is expected to cause an estimated $20 billion in lost annual revenue and threatens supplies to Europe and Asia. The repairs are anticipated to sideline 12.8 million tonnes of LNG production per year for three to five years.The conflict escalated after the Israeli military targeted Iran's offshore South Pars gasfield, prompting Qatar and other Gulf countries to condemn the attacks on energy infrastructure. These actions are viewed as threats to global energy security and violate international law and the United Nations Charter.
#qatarenergy #lng #iran
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Sports Mar 25, 2026

Italy and Northern Ireland Clash in Crucial World Cup 2026 Qualifier

Italy and Northern Ireland face off in a critical World Cup 2026 qualifier, with both teams seeking…
Italy and Northern Ireland are set to clash in a pivotal World Cup 2026 qualifier, with both teams eager to reassert their presence on the global football stage. For Italy, it's about regaining their footing after consecutive World Cup failures in 2018 and 2022, while Northern Ireland aims to return to the tournament for the first time in four decades.Gennaro Gattuso, Italy's coach, emphasized the significance of the match, stating, 'This is the most important game of my coaching career so far.' Italy's players, including Mateo Retegui, are equally determined, with Retegui asserting, 'Now is the time to show everyone exactly who we are.'Northern Ireland's manager, Michael O'Neill, faces challenges with a depleted squad, particularly the absence of Conor Bradley and Dan Ballard. Despite these setbacks, O'Neill remains optimistic, highlighting the team's youthful energy and lack of fear.The match, set to take place at Atalanta's Bergamo Stadium, promises to be intense. Gattuso noted Northern Ireland's direct playing style, saying, 'They typically 'toss the ball into the box' and thrive on latching on to second balls.' A win for Italy would likely seal their spot in the World Cup, while a loss could spell the end of O'Neill's tenure as Northern Ireland's manager.As both teams prepare for the crucial encounter, the pressure is palpable. Italy's four-time World Cup wins and football-crazed nation add to the weight of expectation. Will Italy overcome their recent struggles and secure a spot in the 2026 World Cup, or will Northern Ireland pull off a surprise?
#italy #football #qualifiers
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Sports Mar 24, 2026

Zinedine Zidane Set to Take Over as France Coach After World Cup

French football icon Zinedine Zidane has agreed to become the new coach of the France national team…
French football legend Zinedine Zidane has reportedly agreed to take over as the coach of the France national team following this summer's FIFA World Cup, according to a report by ESPN.The 53-year-old Zidane is said to have reached a verbal agreement with the Federation Francaise de Football to replace Didier Deschamps, who has been in charge since 2012.Zidane, who managed Real Madrid for two stints (2016-18, 2019-21), has long been expected to take on the role. As a player, he won the 1998 Ballon d’Or and was a three-time FIFA World Player of the Year (1998, 2000, and 2003).He played a key role in France's World Cup victory in 1998 and their second-place finish in 2006. Zidane was infamously sent off during the 2006 World Cup final for head-butting Italy's Marco Materazzi in the chest.
#zidane #world #cup
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News Mar 24, 2026

Italy's Meloni Concedes Defeat in Justice Reform Referendum

Italy's Prime Minister Giorgia Meloni concedes defeat in a referendum on her justice reforms, with …
Italy's Prime Minister Giorgia Meloni has conceded defeat in a referendum on her justice reforms, confirming she will continue as prime minister despite the setback.With almost all votes counted, the provisional result showed the 'No' camp at about 53.5 percent, and 'Yes' at about 46.5 percent, with a higher-than-expected turnout of more than 58 percent.Meloni stated that 'The Italians have decided. And we respect this decision,' adding that the result was 'a lost opportunity to modernise Italy.'Her government had aimed to change Italy's constitution to separate the roles of judges and prosecutors and reform their oversight body, but critics argued it was a political power grab that failed to address real challenges.The referendum campaign was marked by intense opposition within the judiciary, with over 80 percent of members of Italy's National Magistrates Association staging a one-day strike last year.
#italy #list #reform
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Sports Mar 24, 2026

Southern Hemisphere Stars Shape European Rugby While Money Controls Global Game

The article explores the complex relationship between southern hemisphere rugby talent and northern…
More than 250 players from the southern hemisphere are now integral to European rugby, fundamentally shaping the landscape of top-flight competitions across France, Scotland, England, Italy, Ireland and Wales. These athletes, drawn from 12 nations including Chile, Zimbabwe and the Cook Islands, have been drawn north by the gravitational pull of financial security and career opportunities, with over 60 hailing from South Africa and 56 from Argentina.Their presence has transformed European rugby, both in terms of quality and the development of local players who compete alongside and against them. This southern exodus continues despite the cultural and rugby significance of these nations, creating a complex dynamic where talent flows north while the sport's soul remains rooted in the south.Fiji exemplifies this tension. While 31 Fijian players currently compete in Europe, the Fijian Drua, with 40 players on their books, recently demonstrated the passion and potential of homegrown talent by defeating the ACT Brumbies 42-27 in front of 10,000 fans in Ba. The match, played despite challenging conditions including a previously flooded pitch, showcased rugby's authentic connection with its supporters.However, this authentic expression of rugby faces an uphill battle against commercial realities. When the Nations Championship brings hemispheres together later this year, Fiji's "home" fixtures will be staged offshore – against Scotland in Edinburgh, England in Liverpool and Wales in Cardiff. Despite Fiji Rugby Union chief executive Koli Sewabu's determination to "make it feel every bit like a home game," the relocation speaks to larger priorities.The financial imperative extends beyond Fiji. At a recent World Rugby meeting, representatives from New Zealand and Australia pushed for greater tempo and less emphasis on set-piece power, only to be blocked by France and South Africa, who possess the most intimidating packs. This diminished influence reflects a broader shift in power dynamics.South Africa, despite exporting more talent to Europe than any other nation and winning four World Cups, faces significant constraints. SA Rugby's chief executive, Rian Oberholzer, acknowledged that neither South Africa nor New Zealand are presently viable World Cup hosts because they "do not generate the revenue World Rugby requires." The Rugby World Cup, he explained, "is the only revenue stream for World Rugby that must fund the whole ecosystem."Argentina faces similar challenges. The Pumas, despite being a formidable international side, struggle to host major tournaments due to the absence of a professional domestic league and the fact that all but three of their most recent squad members play in Europe.This creates a fundamental tension in modern rugby: the sport's most compelling talent and authentic experiences emerge from the southern hemisphere, yet financial decisions increasingly favor northern markets. While rugby needs these financial resources to fund competitions and maintain grassroots development, the balance between authentic connection and commercial imperatives will ultimately determine the game's future trajectory.
#Fiji Rugby #European Rugby Champions Cup #World Rugby
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Stage Mar 24, 2026

Celebrating Dario Fo: The Playwright Who Merged Politics and Comedy

The article celebrates the 100th birth anniversary of Dario Fo, a renowned Italian playwright known…
Dario Fo, born 100 years ago, was a multifaceted genius who seamlessly blended politics and comedy in his works. As a dramatist, actor, director, and designer, he brought satire to the masses, achieving a global reach with plays like Accidental Death of an Anarchist and Can't Pay? Won't Pay!, which justly earned him the Nobel Prize in Literature in 1997.Fo's background was marked by his involvement in wartime resistance against the Nazis in northern Italy, where he helped smuggle Allied soldiers across the border to Switzerland. His career in entertainment began with a weekly TV variety show that attracted huge audiences, but was abruptly ended due to his refusal to accept censorship.Fo's theatre company, Nuova Scena, gave the first performance of Mistero Buffo, his one-man show that satirized the Catholic Church. The show was condemned by the Vatican as 'the most blasphemous show in the history of television.'Fo's plays injected new life into political theatre, with Accidental Death of an Anarchist being a notable example. The play derived from a real-life case of a railway worker falsely accused of planting bombs and who 'fell' out of a police HQ window. The play's 2023 revival at the Sheffield Crucible, which transferred to the West End, showcased its timeless relevance, with Daniel Rigby's performance being 'breathlessly funny.'Fo's works provided actors with memorable roles, such as Griff Rhys Jones' virtuoso performance in Trumpets and Raspberries. His approach to comedy was rooted in tragedy, using laughter as a means to make audiences confront problems like cruelty, injustice, and oppression.Throughout his career, Fo faced significant harassment, including 45 prosecutions from the Italian police, and physical intimidation from both the Catholic Church and the Communist Party. Despite this, his legacy as a master of merging politics and comedy endures.
#who #his #one
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