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World Economy Apr 07, 2026

JP Morgan Secures Deal for 265m-Tall Office Tower in Canary Wharf

JP Morgan Chase has reached an agreement with London City Airport to build a 265m-tall office tower…
JP Morgan Chase has secured approval from London City Airport to build one of Europe's tallest office towers in the east of the capital. The planned £3bn tower, set to be the tallest in the Canary Wharf financial district, will serve as JP Morgan's new UK headquarters.The two sides have agreed that the tower could be 265 meters tall, approximately 30 meters taller than One Canada Square, currently the tallest building in Canary Wharf. The new building will span 279,000 sq meters (3 million sq ft) and house more than half of JP Morgan's 23,000 UK staff.Any new developments within 10km of the airport are considered to be within its 'area of interest', requiring consultation with airport officials to ensure new buildings do not interfere with aircraft movements. Following the conclusion of talks with City airport, JP Morgan is finalizing the tower designs and will soon apply for planning permission.The project is expected to add almost £10bn to the UK economy over six years and create about 7,800 construction-related jobs. Questions are being raised about the financial inducements JP Morgan has sought from the UK government, including a discount on business rates, despite the bank's $57bn (£43bn) net income in 2025.The Treasury has proposed a discount on rates of 'up to 100%' over 'a period of years', potentially representing a saving of hundreds of millions of pounds. The site would generate up to £1.6bn in rates over 25 years if there were no discount.
#morgan #airport #tower
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World Apr 07, 2026

Israel Urges Iranians to Skip Trains as Trump‑Set Deadline Sparks Threat of Infrastructure Strikes

Israel warned Iranian civilians that traveling by train could be fatal after the United States’ Tru…
Israel’s military issued a stark advisory to Iranians early Tuesday, urging them to avoid all train travel across the country from 8:50 am to 9:00 pm Iran time. The warning, posted in Farsi on social media, warned that anyone near railway lines or stations could become a target as Israel prepared to strike infrastructure. The advisory comes just hours before the U.S. President Donald Trump’s ultimatum expires at 8 pm ET on Tuesday (1 am GMT Wednesday). Trump has repeatedly threatened to “take out” Iran’s bridges and power plants in a single night, a claim he reiterated at a White House press briefing on Monday. Iran rejected a cease‑fire proposal brokered by Pakistan, Egypt and Turkey, insisting on a permanent end to the war and presenting a 10‑point counter‑proposal that the U.S. deemed insufficient. Legal experts have warned that indiscriminate bombing of civilian infrastructure could constitute a war crime, a concern dismissed by the Trump administration. On the diplomatic front, Iranian President Masoud Pezeshkian posted on X that over 14 million Iranians are prepared to sacrifice their lives for the nation, underscoring the high domestic stakes. U.S. Secretary of Defense Pete Hegseth warned that Monday would see the “largest volume of strikes” on Iran, with Tuesday expected to see even more attacks as the deadline approached. According to Iranian media, Israel struck Khorramabad airport in western Iran, while Israeli forces also hit a petrochemical plant in Shiraz and a ballistic‑missile launch site in the northwest. The United States reportedly deployed B‑2 stealth bombers that dropped 30,000‑lb GBU‑57 “bunker buster” bombs on an IRGC compound in Tehran, the same munitions used in the June attack on the Fordow nuclear site. Israeli Prime Minister Benjamin Netanyahu told his security cabinet that the war with Hezbollah in Lebanon would continue independently of the U.S.–Iran negotiations, describing a “separation of theatres.” In a related development, a missile strike hit a petrochemical complex in Saudi Arabia’s eastern city of Jubail, forcing an evacuation of workers. Israel reported multiple missile impacts in the Tel Aviv area, claiming Iran launched ballistic missiles equipped with cluster warheads, though no casualties were confirmed. Amid the heightened tension, Brent crude rose marginally to just above $110 a barrel in morning trading, reflecting market anxiety over potential disruptions to Middle‑East oil supplies.
#iran #israel #trump
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Economy Apr 07, 2026

Asia Emerges as the Epicenter of the Global Oil Crisis Amid Shifting Supply Dynamics

Asia has become the focal point of the worldwide oil shortage, driven by soaring demand, regional g…
Recent developments have positioned Asia as the central arena of the global oil crisis, a shift driven by a confluence of rising consumption, supply-chain bottlenecks, and heightened geopolitical friction across the region.Demand for petroleum products in major Asian economies continues to outpace the limited output from traditional exporters, intensifying competition for scarce barrels. At the same time, regional disputes—particularly those affecting key maritime routes and production hubs—have compounded the supply shortfall, prompting governments and industry leaders to reassess energy strategies.Analysts warn that the crisis could ripple through global markets, inflating transport costs, squeezing manufacturing margins, and accelerating the push toward alternative energy sources. Policymakers are now under pressure to balance short‑term relief measures with longer‑term diversification plans to mitigate future vulnerabilities.While the situation remains fluid, the emergence of Asia as the crisis’s hotspot underscores the interconnected nature of modern energy systems and the urgent need for coordinated international responses.
#China #India #OPEC
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News Apr 07, 2026

Iran, Hezbollah, and Houthis Launch Coordinated Missile and Drone Strike on Israel

In a significant escalation of the Middle East conflict, Yemen's Houthi rebels, backed by Iran and …
Yemen's Houthi rebels have announced that they, along with their backers Iran and Lebanon's Hezbollah, have launched a coordinated attack on Israel. The assault involved a barrage of cruise missiles and drones aimed at several vital and military sites belonging to Israel. The attack was confirmed by Houthi military spokesman Yahya Saree, who stated that the operation was a show of solidarity with the Palestinians. This development marks a significant escalation in the Middle East conflict, drawing in multiple actors from the region. The Houthis, who control much of northern Yemen, have been involved in the conflict since March 28, when they officially joined the war in support of Iran. They have previously targeted Israel and disrupted shipping in the Red Sea and Gulf of Aden as a show of solidarity with the Palestinians during the Israeli war on Gaza. In related developments, Israeli officials reported that the bodies of four people killed in an Iranian strike on a residential building in Haifa had been recovered. This comes as Israel continues to target Hezbollah in Lebanon, with recent strikes hitting Beirut's southern suburbs and other areas in the country's south. The Israeli military has been pounding Lebanon, saying it is targeting Hezbollah terror targets. On Sunday, Israel struck two Amana petrol stations controlled by Hezbollah, which served as significant financial infrastructure for the group. In south Lebanon, four people were killed in a raid on a car in Kfar Rumman. Lebanon's Health Ministry reported that an Israeli attack killed a paramedic from the Hezbollah-allied Risala Scout Association on Monday. Two paramedics from the Islamic Health Committee were also killed in an Israeli strike a day earlier. The World Health Organization (WHO) has verified 92 attacks on health facilities, medical vehicles, personnel, and warehouses in the region. The conflict has resulted in significant casualties, with Lebanon reporting 1,497 people killed since the war erupted, including 57 health workers. The situation remains volatile, with ongoing strikes and counter-strikes threatening to expand the conflict further.
#iran #hezbollah #houthis
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World Economy Apr 06, 2026

Thousands of Unregulated Substances Tested in Labs Amid Peptide Craze

The peptide-testing industry has expanded rapidly as demand for unregulated substances claiming to …
The peptide-testing industry has seen a significant surge in demand, with laboratories testing thousands of unregulated substances claiming to support weight-loss and wellness. This growth is largely driven by the injectable peptide craze, with experts warning about the lack of reliable safety data and quality control.Peptides are short chains of amino acids, which can be found naturally in the body or made synthetically in laboratories. They include active ingredients in prescription weight-loss drugs, such as Wegovy, as well as experimental compounds pushed online by the booming biohacking and anti-ageing industries.Laboratories, such as Finnrick in Texas, have reported a substantial increase in testing requests, with around 60,000 samples processed annually, including roughly 2,000 orders from the UK since 2024. About a third of the products analysed failed basic quality checks, with issues including incorrect identity, purity, and quantity.Experts, including Dr. Luke Turnock and Peter Magic, have highlighted the risks associated with these unregulated substances, including potential long-term harms such as increased cancer risk and damage to organs. The large profit margins have also drawn nefarious actors into the supply chain.The UK is a significant market for peptides, with 2,000 testing orders since 2024, tied with Canada for third place globally. The Royal Pharmaceutical Society's Prof Amira Guirguis emphasized the need for oversight, traceability, and quality assurance in the peptide market.
#peptides #you #peptide
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Politics Apr 05, 2026

Gaza’s Christian minority endures a stark Easter as war‑driven genocide deepens shortages and displacement

Amid Israel’s ongoing war on Gaza, the enclave’s tiny Christian community—fewer than 1,000 strong—o…
Gaza City, Gaza – While Easter traditionally celebrates resurrection and renewal, Gaza’s dwindling Christian population spent the holiday in quiet reflection, confronting displacement, scarcity and the trauma of a conflict the United Nations has described as genocide. The enclave is home to fewer than 1,000 Christians, a community already small before the war that has suffered heavy casualties; more than 72,000 Palestinians have been killed since Israel’s offensive began on 7 October 2023. Inside the remaining churches, prayers and modest services carried profound meaning as families clung to hope for survival and peace. Yet basic necessities—electricity, water and food—remain in short supply, and even traditional Easter items such as eggs are virtually unavailable. Fouad Ayad, a bio‑energy trainer displaced from near al‑Rantisi Children’s Hospital, described searching the markets of Gaza City for eggs without success. “We decorate eggs for the children, and sometimes Muslim children visit us for colourful eggs,” he told Al Jazeera, highlighting the inter‑communal bonds that persist despite the siege. Shortages have also erased the customary communal lunch. “Meat is scarce and extremely expensive,” Ayad lamented, recalling how families once gathered to share meals, colour eggs and visit elderly neighbours of all faiths. The Church of the Holy Family, which Ayad once attended, has been struck multiple times. “Three of my relatives were killed in one attack, and another strike killed more than 20 Christians,” he recounted, illustrating the direct targeting of places of worship. Attendance at Easter services in Gaza’s sole Catholic church has dwindled as many believers have fled the Strip. Yet, as one worshipper put it, “We only performed the prayers, refusing to celebrate because of our martyrs,” affirming their resolve to remain rooted in the land despite the devastation. Israeli restrictions have prevented Christians from traveling to the Old City of East Jerusalem to attend the Holy Sepulchre for the past two years. Recent attempts by Cardinal Pierbattista Pizzaballa to enter the site were initially blocked, only to be reversed after international outcry. Elias al‑Jelda, a 60‑year‑old Orthodox council member, recounted sheltering in the Church of the Holy Family after his home was destroyed. “I lost friends, neighbours and relatives, many killed while staying close to their homes and faith,” he said, underscoring the personal toll of the conflict. Traditional Easter treats—coloured eggs, kahk, maamoul and Eidiya gifts—are largely absent this year. “There are no eggs anywhere in the Strip,” reported 74‑year‑old Amal al‑Masri, who recalled pre‑war celebrations filled with shared meals and festive sweets. Power outages compound the hardship. “Electricity continues to be a major problem, and the soaring cost of diesel and generator oil makes it worse,” al‑Jelda warned, highlighting the broader infrastructure collapse affecting all Gazans. Despite the bleak circumstances, the remaining Christians affirm their identity and solidarity with the broader Palestinian population. “No matter what your political agenda or religion is, all of us Palestinians are targeted by the occupation,” a worshipper declared, encapsulating the collective sense of victimhood and resilience.
#Gaza #Israel #Hamas
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News Apr 05, 2026

Iran Endures Record-Breaking Nationwide Internet Blackout Amid Ongoing War

Iran's state‑imposed internet shutdown, now the longest nationwide blackout on record, has reduced …
Iran is experiencing the longest nationwide internet blackout ever recorded, according to the global monitoring group NetBlocks. Since the United States and Israel launched their war on Iran on February 28, connectivity has hovered at about 1% of pre‑war levels, effectively cutting the country off from the global web. The blackout follows a prior 20‑day shutdown in January, which coincided with deadly nationwide protests. Combined, these measures mean that Iranian civilians have spent close to two‑thirds of 2026 in digital darkness, relying only on a slow, state‑controlled intranet for basic services and state‑run news. NetBlocks highlighted that while regions such as Myanmar, Sudan, Kashmir and Tigray have endured longer intermittent outages, no other war has forced an entire nation offline to this extent. The monitor added that Iran is the first country to lose previously functional internet connectivity by reverting to a national network. Economic analysts warned that the January shutdown already caused the economy to lose tens of millions of dollars each day in direct damages, with far‑reaching indirect effects. Companies reported that many online businesses could not survive more than three weeks without connectivity, leading to a wave of layoffs and reduced pay raises. One affected worker, Kamran, a product designer in Karaj, said he was dismissed after the latest wave of cuts. He now relies on a local skill‑matching group, but fears competition from thousands of similarly displaced workers. A senior data analyst from a Tehran firm disclosed that the firm is offering lower-than‑expected raises and shifting to three‑month contracts, creating uncertainty about future employment. Compounding the digital crisis, the war has targeted Iran’s steel factories, petrochemical plants and other civilian infrastructure, aggravating pre‑existing problems of high inflation and unemployment. Only a limited segment of the population can access the global internet—either because they are whitelisted by the state or because they pay steep fees for proxy connections that often disappear after a few hours. Government spokeswoman Fatemeh Mohajerani stated that internet access is being granted only to those who can “get the voice out,” such as officials, state‑affiliated entities and news agencies. Citizens on the ground describe a grim reality: frequent power outages, uncertainty about water supplies, and an inability to use services like Google Search or AI tools, even as they watch live feeds from space missions that remain inaccessible. In response to the prolonged shutdown, authorities have begun rolling out a tiered system dubbed “Internet Pro.” Business groups have received a “guide to connect to international internet,” urging them to contact a state‑run messaging app, Bale, for registration. Parallel efforts by a major telecom carrier offer one‑year data packages at prices higher than normal plans, while existing providers have not refunded customers for services they cannot deliver. President Masoud Pezeshkian’s administration, which campaigned on unblocking Iran’s internet, has offered no official explanation for the shutdown, leaving both the battered digital sector and the broader economy facing an uncertain future.
#iran #netblocks #layoffs
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World Economy Apr 05, 2026

Nepal Moves to Two‑Day Week as Fuel Shortage Worsens Amid US‑Israel Conflict with Iran

Facing a severe fuel shortage linked to the US‑Israel war with Iran, Nepal’s government has reduced…
Nepal’s cabinet approved a shift to a five‑day work week for government offices and schools, extending the weekend to both Saturday and Sunday in response to an escalating fuel crisis. Government spokesperson Sasmit Pokharel told reporters that the decision was taken because “the present uncomfortable situation caused by fuel supply” necessitates closing public institutions for two days each week. Previously, civil servants enjoyed only a single day off on Saturday; offices will now operate 9 a.m. to 5 p.m., Monday through Friday. Pokharel added that the government is also examining legal avenues to convert petrol and diesel vehicles to electric power, though details remain pending. Nepal, a landlocked country of roughly 30 million people, imports virtually all of its fossil fuels from India, leaving it highly vulnerable to international price shocks. The ongoing US‑Israel war with Iran has sharply curtailed global oil supplies, causing Nepal’s aviation fuel prices to almost double in a single day. The state‑owned Nepal Oil Corp reported heavy losses on petroleum products despite modest price hikes, prompting authorities to sell half‑filled cooking‑gas cylinders last month to deter hoarding and panic buying. Tourism, a cornerstone of Nepal’s economy, faces a new threat as airlines raise airfares following the steep rise in aviation fuel costs. Higher travel expenses could dampen inbound visitor numbers, compounding economic pressures. The fuel crunch stems from the broader Middle‑East turmoil that intensified after the United States and Israel launched a joint offensive against Iran on 28 February. Tehran’s retaliatory drone and missile strikes across the region have disrupted global markets and aviation, amplifying the scarcity of fuel supplies that ripple to landlocked neighbours like Nepal. By shortening the work week, the Nepali government hopes to reduce non‑essential fuel consumption, ease pressure on already strained energy imports, and buy time for longer‑term solutions such as electrification of transport.
#nepal #iran #tourism
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Features Apr 05, 2026

Israeli Restrictions Silence Holy Week in Jerusalem’s Christian Quarter, Deepening Palestinian Christian Crisis

Israeli orders tied to the US‑Israel war on Iran have forced shops and churches in Jerusalem’s Chri…
Occupied East Jerusalem – While Holy Week traditionally fills the Old City’s Christian Quarter with pilgrims and worshippers, the streets are now eerily quiet and storefronts remain shuttered.Palestinian shopkeeper Boulos, a man in his mid‑30s who asked to remain anonymous, still drags himself to his modest stall a few times a week, selling religious garments behind a half‑closed door to avoid Israeli orders that mandate closure of businesses in the quarter amid the ongoing US‑Israel conflict with Iran.After six years of pandemic‑related setbacks and successive wars, his business had only begun to recover when the October Gaza ceasefire was followed by a new wave of restrictions. “Before the war with Iran, we barely made enough to survive,” he said. “Now there is no income at all.”His only customer that day was an Ethiopian Christian woman buying a kilo of prayer candles for 35 shekels (about $11.20). “What can 35 shekels do for me?” Boulos lamented, underscoring the stark economic squeeze.Unlike many West Jerusalem shops, which have been allowed to stay open because of nearby bomb shelters, the Old City lacks such protection, leaving Palestinian businesses in the Christian Quarter effectively forced to shut. The area, heavily dependent on tourism, shows the least sign of life.Brother Daoud Kassabry, principal of the College des Frères school, described the scene as “the saddest Jerusalem I have ever seen.” Classes have been suspended for over a month, and the community feels the weight of an unprecedentedly difficult period.For the first time in centuries, Israeli police barred Cardinal Pierbattista Pizzaballa, the Latin Patriarch of Jerusalem, and other senior clergy from entering the Church of the Holy Sepulchre for Palm Sunday Mass. The Latin Patriarchate called the incident “unprecedented in centuries.”At a press conference, Cardinal Pizzaballa emphasized that while “all celebrations” have been cancelled for security reasons, “no one, not even the Pope, can cancel the liturgy of Easter.”Following the incident, leaders from Italy, France and the United States condemned the police action. Israeli Prime Minister Benjamin Netanyahu later defended the measure as a safety precaution, citing the absence of bomb shelters near the holy site, despite the cardinal’s residence being only metres away.Netanyahu’s justification raises questions about the long‑standing “status‑quo” arrangement that places custodianship of Christian and Muslim holy sites under the heads of their respective religious institutions and Jordan’s Waqf. Palestinian Christians interpret the rhetoric as evidence of an increasingly hostile environment under Israeli control.Bishop Emeritus Munib Younan recounted being spat on by Jewish yeshiva students in the Old City without any legal consequences. He now prefers to attend services in Bethlehem or a small church outside Jerusalem, where he feels “no one is pointing a gun at you.”“They want to show the world that this country is only meant for them – not Christians, not Muslims,” Younan said, reflecting a sentiment shared by many locals.Netanyahu later announced that religious ceremonies at the Holy Sepulchre would be permitted during Holy Week, but only for clergy, keeping the general public out. Observers noted the inconsistency, pointing out that Muslim worshippers have been barred from the Al‑Aqsa compound since late February, including during Ramadan, with only minimal international rebuke.The cumulative restrictions have crippled the already dwindling Palestinian Christian community, which now makes up less than 2 % of the population in Israel and the occupied territories. Traditional events such as the Way of the Cross procession and Holy Fire Saturday have been cancelled, eroding communal cohesion.Father Faris Abedrabbo of the Annunciation Latin Parish linked the current hardships to the Passion narrative, urging congregants to view their suffering through the lens of “steadfastness” – an active, spiritual resistance rather than passive endurance.Economic despair is prompting a new wave of emigration. Bishop Younan reported that many young Christians ask for help obtaining visas to the United States, Canada or Australia, fearing there is “no future” in Jerusalem. Boulos, the shopkeeper, admits he has considered leaving, noting that “they try to make us lose hope and abandon this land.”Despite the bleak outlook, Boulos continues to visit his shop, saying, “I come here to prove to myself that I still have hope, even if it feels endless.”
#church #israeli #jerusalem
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