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HSBC’s chief executive, Georges Elhedery, told Bloomberg Television at a conference in Hong Kong that the ongoing Iran war is undermining global economic confidence. He warned that the conflict’s duration could amplify price pressures on commodities such as oil, refined products, fertilisers and metals, extending the impact far beyond the Middle East. Brent crude, which had briefly risen above $100 per barrel, slipped 0.9% to $98.5 per barrel after a U.S. blockade of Iranian ports took effect. Negotiations between the United States and Iran are set to resume in Islamabad, but no agreement was reached in the previous talks. In London, the FTSE 100 edged up 22 points (0.21%) to 10,605, even as Imperial Brands led the losers, citing a “more uncertain geopolitical and macro environment.” The UK recruitment firm PageGroup warned that the Middle East conflict is creating an “increasingly uncertain outlook” for the rest of the year, with salaries lagging behind 2022‑2023 levels across the UK, Europe, the Middle East and Asia. HSBC holds a 31% stake in Saudi Awwal Bank, making it one of the European banks most exposed to the region, which contributes roughly 4% of its pre‑tax profit according to JP Morgan analysts. Nevertheless, Elhedery noted that capital outflows from the Middle East have been “very benign” so far. Since the U.S. and Israel began striking Iran on 28 February, some affluent Middle‑Eastern investors have started exploring relocation to financial hubs such as Singapore and Hong Kong. HSBC chair Brendan Nelson stressed that a peace settlement is essential to restore global energy flows, warning that prolonged disruption would lift inflation and suppress growth. “The longer the disruption continues, the more the indirect effects from higher energy costs will lift inflation and depress growth,” he said at the HSBC Global Investment Summit. Manufacturers reliant on petroleum‑derived synthetic fabrics, such as sportswear maker Castore, reported cost increases of 10‑15% and warned that continued conflict could push those costs onto consumers. Co‑founder Tom Beahon described price volatility as “very difficult to plan,” with daily swings of up to 40%. Logistics are also strained: airlines have reduced flights and vessels remain stranded in the Strait of Hormuz, complicating product shipments. Castore hopes that a resolution in the coming weeks will limit the impact on customers. Virgin Atlantic chief executive Corneel Koster told the Financial Times that jet‑fuel prices have more than doubled since the war began, adding that “some of this disruption to global energy prices will be here to stay.” UK Chancellor Rachel Reeves, speaking at the IMF and World Bank spring meetings, called for coordinated economic action, stating that the Iran conflict must become “a line in the sand” for how the world handles crises and instability.

Qantas announced a fare increase and a 5% reduction in domestic capacity for May and June, responding to a rapid shift in passenger demand away from airlines that transit the conflict‑ridden Middle East. In a market update released on Tuesday, the carrier said it is redeploying aircraft from its U.S. and domestic networks to capture strong interest in Europe‑bound travel, especially to Paris and Rome. The move follows service cuts by Persian Gulf carriers such as Emirates, Etihad and Qatar Airways, which have scaled back flights amid the escalating Iran conflict. To accommodate the new focus, Qantas and its low‑cost arm Jetstar will cut capacity across their domestic networks by about 5%, trimming frequencies on key inter‑city routes and suspending several regional services. Four temporary suspensions will take effect in mid‑May: Melbourne‑Hamilton Island, Melbourne‑Coffs Harbour, Sydney‑Busselton and Darwin‑Gold Coast. In addition, the Adelaide‑Mount Gambier route will be discontinued indefinitely due to low demand and soaring fuel costs. The airline warned that its jet‑fuel expenses are set to rise sharply, projecting a second‑half 2026 fuel bill of $3.1‑$3.3 billion, up from the previously forecast $2.2 billion. This surge is driven by higher oil prices linked to the Iran conflict. To offset the cost pressure, Qantas has already raised ticket prices and signalled that “further action” – likely additional fare hikes – may be necessary. While airlines typically use hedging contracts to lock in fuel prices, the current volatility limits the effectiveness of such safeguards. Following the market update, Qantas shares slipped more than 3% in early trading before stabilising, reflecting investor concern over the combined impact of higher fares, reduced domestic capacity, and elevated fuel costs.

Pope Leo XIV touched down in Algiers on Monday morning, becoming the first pontiff ever to set foot in Algeria, a nation of roughly 48 million people where Catholics number fewer than 10,000. The United‑States‑born pontiff, now 70, arrived at about 09:00 GMT aboard his papal aircraft, according to an AFP journalist on the scene. The historic landing opens a 11‑day, four‑country African itinerary that will see Leo travel to Cameroon, Angola and Equatorial Guinea after two days in Algeria. Over the course of the tour he will cover nearly 18,000 km on 18 flights, addressing audiences in Italian, English, French, Portuguese and Spanish. During his stay in Algeria, the pope will pay homage to the victims of the 1954‑1962 war of independence from France and will visit both the Great Mosque of Algiers – home to the world’s tallest minaret – and the Basilica of Our Lady of Africa overlooking the Bay of Algiers. He will also pray privately at a chapel dedicated to the 19 clergy murdered during Algeria’s 1992‑2002 civil war, though he will not visit the Tibhirine monastery, site of the 1996 monk kidnapping. The Vatican has scheduled 25 speeches for the 11‑day journey, covering topics such as natural‑resource exploitation, Catholic‑Muslim dialogue, and the dangers of political corruption. Vatican spokesperson Matteo Bruni highlighted that the four nations face a “diverse set of challenges,” from authoritarian rule to human‑rights concerns. One of the tour’s marquee events is expected in Cameroon’s coastal city of Douala, where the Vatican anticipates a crowd of roughly 600,000 for a mass on Friday. Both Cameroon and Equatorial Guinea have long‑standing presidents who have faced accusations of rights abuses, underscoring the diplomatic nuance of Leo’s visit. According to recent Vatican statistics, Africa supplied more than half of the 15.8 million new Catholics baptized worldwide in 2023 – that’s 8.3 million new African Catholics. The continent also increasingly exports clergy, with Angola and Cameroon consistently ranking among the top producers of seminarians. Archbishop Jean‑Paul Vesco, head of the Algiers archdiocese, framed the trip as an effort to “build bridges between the Christian and Muslim worlds.” The pope’s broader African outreach follows a limited overseas record since his May 2025 election, which includes trips to Turkey, Lebanon and Monaco. By embarking on this unprecedented journey, Pope Leo XIV seeks to reinforce the Vatican’s commitment to interfaith dialogue, highlight Africa’s growing influence within the global Catholic Church, and encourage political leaders across the continent to address corruption and promote peace.

Tottenham Hotspur have lost their captain Cristian Romero for the remainder of the 2025‑26 Premier League campaign after sustaining medial knee‑ligament damage in a clash with Sunderland striker Brian Brobbey. The injury, expected to require around eight weeks of rehabilitation, forces Romero off the pitch for the final six matches that will decide whether the club remains in the top flight.Romero left the Stadium of Light in tears after 70 minutes of a 1‑0 defeat, the goal coming from his own goalkeeper Antonín Kinský following the collision. The Argentine defender’s absence adds to an already extensive injury list that includes James Maddison, Dejan Kulusevski, Wilson Odobert and Mohammed Kudus. Goalkeeper Guglielmo Vicario is also sidelined after a hernia operation, leaving Kinský as the starter.Spurs sit 18th after a season that has seen them lose 16 league games and fail to register a domestic win in 2026. Manager Roberto De Zerbi admitted the blow could be “a big problem” but stressed the need for the squad to rally: “He’s a good guy, a top player, and we need him to finish the season and achieve our goal.”The incident also sparked a backlash against Brobbey, who was targeted with racist abuse on social media. Sunderland issued a statement pledging full support for the striker and confirming that the matter has been reported to the Premier League, relevant platforms and the police.With the relegation battle intensifying, Tottenham’s ability to replace Romero’s defensive leadership will be crucial as they fight to stay in the Premier League.

German club Union Berlin broke new ground on Sunday by appointing Marie‑Louise Eta as interim manager, the first female to head a Bundesliga side and the inaugural woman to coach a top‑flight men’s team in a major European league. Eta, 34 years old, previously made history as the Bundesliga’s first female assistant coach. She will steer the team for the remainder of the campaign after the dismissal of Steffen Baumgart, whose tenure ended following a 3‑1 loss to bottom‑placed Heidenheim that underscored a stagnant second half of the season. In a statement, Eta expressed her enthusiasm: “I am delighted the club has entrusted me with this challenging task.” Sporting director Horst Heldt welcomed the decision, noting that Eta will transition to lead Union’s women’s Bundesliga squad in the summer as originally planned. Union’s recent form has been troubling: the side has secured only two victories since Christmas and currently sits seven points above the relegation playoff zone. Heldt described the situation as “absolutely disappointing” and emphasized the urgent need for points to avoid a drop. Eta brings a distinguished playing résumé, having won the 2010 UEFA Women’s Champions League and three Bundesliga titles with Turbine Potsdam. Her coaching résumé includes stepping in for head coach Nenad Bjelica during a three‑game suspension in 2024, showcasing her readiness for senior responsibilities. While women have managed men’s teams in Germany’s lower tiers—such as Sabrina Wittmann at Ingolstadt FC—Eta’s appointment marks the first instance at the top level. France’s former second‑division side Clermont also benefited from a female coach, Corinne Diacre, between 2014 and 2017. The historic move not only reflects Union Berlin’s immediate need for a turnaround but also signals a broader shift toward gender diversity in elite football management.

The Artemis II astronauts received a thunderous welcome home on Saturday after completing a record-breaking flyby of the moon. The crew of four, consisting of commander Reid Wiseman, pilot Victor Glover, Christina Koch, and Canada's Jeremy Hansen, arrived at Ellington Field near NASA's Johnson Space Center and Mission Control in Houston. During their nearly 10-day mission, the astronauts voyaged deeper into space than the moon explorers of decades past, reaching a maximum distance of 252,756 miles (406,771km) from Earth. They also captured views of the lunar far side never witnessed before by human eyes. The mission revealed a new side of our planet with an Earthset photo, showing our blue marble setting behind the gray, pockmarked moon. Koch described the experience, saying, "Honestly, what struck me wasn’t necessarily just Earth, it was all the blackness around it. Earth was just this lifeboat hanging undisturbedly in the universe," Koch said. "Planet Earth, you are a crew." The homecoming was poignant, as they returned to NASA's Houston base on the 56th anniversary of the launch of Apollo 13. The Artemis II mission is a crucial step towards NASA's goal of landing astronauts on the moon by 2028. Wiseman issued a rallying cry to the rows of blue-flight-suited astronauts at Saturday's celebration, saying, "It is time to go and be ready – because it takes courage. It takes determination, and you all are freaking going and we are going to be standing there supporting you every single step of the way in every possible way possible."

The evening’s television line‑up offers a mix of heartfelt competition, natural‑history wonder and high‑profile live events, giving viewers plenty of reasons to stay tuned.9 pm – Channel 4 – Your Song: Produced by the team behind The Piano, this new talent show invites ordinary Britons to perform the songs that hold personal meaning. Hosted and judged by Alison Hammond, Paloma Faith and Sam Ryder, the series launches from Liverpool with stories ranging from a teenager’s Bocelli tribute to a lift‑engineer’s pipe‑organ showcase, all racing toward a finale at the Hackney Empire.6 pm – BBC One – Secret Garden: David Attenborough returns to domestic natural history, turning his lens on a modest garden in Bristol. The programme explores the hidden dramas of urban foxes, blue tits and goldfinches, revealing how a tiny plot can host an entire ecosystem.7 pm – BBC Two – Olivier Awards 2026: The Royal Albert Hall hosts the 50th anniversary of Britain’s premier theatre awards, with Nick Mohammed as host. Into the Woods and Paddington: the Musical lead the nominations with eleven each, while Elaine Page receives a Special Award. Rumours swirl about a surprise performance from the awards’ most famous marmalade lover.7.40 pm – Channel 4 – The Great Celebrity Bake Off for Stand Up to Cancer: A comforting Sunday tradition returns, featuring celebrity bakers Ralf Little, Mutya Buena and Mark Wright. Their creations—savory pull‑apart rolls and vegan fruit tarts—aim to raise funds for cancer research.8 pm – BBC One – The Other Bennet Sister: This Pride & Prejudice spin‑off follows Ella Bruccoleri’s Mary as she navigates the attentions of Mr Hayward and Mr Ryder, with a storm‑laden hike adding further tension to the series’ impending conclusion.10.15 pm – ITV1 – Savage River: Australian crime drama starring Katherine Langford returns, following ex‑con Miki Anderson as she attempts a fresh start in her hometown, only to become the prime suspect when a new crime erupts.Film choice – Sky Cinema Premiere – Blue Moon (6.10 am & 7.10 pm): Richard Linklater’s melancholy drama, anchored by Ethan Hawke’s transformative performance, imagines a night in the life of struggling Broadway lyricist Lorenz Hart, whose post‑opening despair leads him to a cocktail of regret.4.15 pm – Channel 4 – Soul: Pixar’s latest metaphysical adventure, co‑directed by Pete Docter and Kemp Powers, follows deceased music teacher Joe (voiced by Jamie Foxx) as he navigates a limbo for unborn souls, meeting the reluctant 22 (Tina Fey) in a story that blends child‑friendly wonder with adult reflections on purpose.Live sport: Premier League action kicks off with Sunderland vs Tottenham at 1 pm on Sky Sports Main Event, followed by Chelsea vs Manchester City at 4.25 pm, offering football fans a double‑header of top‑flight drama.

Arsenal's title ambitions took a significant hit as they were stunned 2-1 by Bournemouth at The Emirates on Saturday. Alex Scott's 74th-minute goal proved to be the decisive blow, handing Manchester City a lifeline in the Premier League title race.The defeat left Arsenal with a nine-point lead over City, but Pep Guardiola's side have played two games fewer and can close the gap if they beat Chelsea on Sunday. Arsenal's first defeat in nine league games means they have 70 points from 32 games, while City have 61 points from 30 games.Bournemouth were the better side in the first half and took the lead through Eli Junior Kroupi's 17th-minute goal. Kroupi has now scored 10 times in the top flight this season, becoming the first teenager to reach that mark in his debut campaign in the Premier League since Robbie Keane for Coventry City in the 1999-2000 season.Arsenal equalized in the 35th minute through Viktor Gyokeres' penalty, but they were unable to find a winner. Bournemouth's victory moved them into ninth place and boosted their hopes of European qualification.The result was a significant upset, given Arsenal's recent form and their four-match winning run in the Premier League prior to the game. The Gunners had not been in league action for almost a month, having suffered a League Cup final defeat by City and a shock FA Cup quarterfinal exit at the hands of second-tier Southampton.

In a match that encapsulated both drabness and pulsating action, Brentford and Everton played out a 2-2 draw, keeping both teams' dreams of European football alive. Igor Thiago scored twice for Brentford, including a fortunate second goal where his thigh deflected a shot past Jordan Pickford. However, Kiernan Dewsbury-Hall had the final say, scoring a late equalizer for Everton.The draw leaves both teams with a shared tally of points, occupying seventh and eighth place respectively. Brentford has drawn four of their last five Premier League matches, while Everton managed to claw their way back into the game after initially struggling.Igor Thiago's performance was particularly notable, as he reached 21 goals in the Premier League this season, positioning him just one goal behind Erling Haaland in the Golden Boot race. His tally also made him the first Brazilian to score 20 goals in a single English top-flight season.Despite Keith Andrews expressing disappointment at conceding the late equalizer, David Moyes was more measured in his assessment, stating that securing a draw was a positive outcome given the circumstances.