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In a stark address delivered as the cease‑fire in the Iran conflict teetered, IMF Managing Director Kristalina Georgieva warned that the war will leave a permanent scar on the global economy, slowing growth beyond the IMF’s original projections for 2026. Georgieva noted that, had the hostilities not erupted six weeks ago, the Fund would have been poised to raise its 2026 growth outlook. Instead, even the most optimistic scenario now entails a downgrade, and a swift return to pre‑war conditions appears unlikely. The uncertainty surrounding the cease‑fire—exacerbated by divergent positions of Washington and Tehran—has already pushed oil prices higher, reflecting fears of continued disruptions to shipments through the Strait of Hormuz, a vital conduit for world energy supplies. According to the IMF’s upcoming World Economic Outlook, the conflict’s “scarring effects” will translate into lower living standards worldwide. The Fund had previously forecast global growth of 3.1% in 2026, a modest slowdown from 3.2% in 2025, buoyed by a tech‑driven investment surge. Georgieva emphasized that the war arrived when the economy was riding “considerable momentum” from technology investment and supportive financial markets. She outlined the mechanisms of damage: damaged infrastructure, supply‑chain interruptions, eroded confidence, and prolonged uncertainty over oil and gas production in the region. These factors will depress growth regardless of whether a peace agreement is ultimately reached. Georgieva highlighted that the most vulnerable will be net oil‑importing nations, poorer economies and small island states, which stand to feel the brunt of higher energy costs and reduced trade flows. She urged governments to avoid unilateral measures such as export bans or price controls, warning that such actions could "pour gasoline on the fire" and further destabilise markets. With many countries already carrying elevated debt levels and higher borrowing costs, the IMF chief called for targeted, temporary assistance to protect the most at‑risk households. She cautioned against broad tax cuts or blanket energy subsidies, which could stoke inflation and strain fragile public finances. Central banks, she added, should keep policy rates steady while remaining ready to act against inflationary pressures. Bank of England Governor Andrew Bailey, who also chairs the Financial Stability Board, echoed the IMF’s concerns, describing the conflict as a "very big shock" that has heightened market volatility. He stressed that the situation remains fluid and that policymakers must stay vigilant. Overall, the IMF’s message is clear: the Iran war will reshape the global growth trajectory for the foreseeable future, and coordinated, prudent policy responses are essential to mitigate its lasting impact.

Jon McClure, the Sheffield‑born frontman of Reverend and the Makers, has taken a seat on the board of Sheffield FC – the world’s oldest football club – after joining a new minority‑ownership group with David Bianchi. The move marks the first time the musician has taken on a formal role in a football institution.McClure, a lifelong Wednesday supporter, first approached the club eight years ago but felt he wasn’t yet “in a mature enough position” to steward a cultural landmark. Since last month he has been actively reviewing the club’s operations and seeking ways to modernise a team that currently competes in the ninth tier of English football.The appointment comes as Sheffield FC enjoys a surge in interest, having recorded a club‑record league attendance of 1,172 spectators for a recent defeat to Tadcaster. The side will host the same opponents again in a Northern Counties East League playoff semi‑final after finishing third in the division.Unlike the high‑profile takeovers at Dagenham & Redbridge or Wrexham, McClure insists his approach will be “more considered”. He acknowledges the club’s history of “years of dysfunction” and warns against “putting rocket boosters on a three‑wheeler”, emphasizing a need for steady stabilisation before growth.Founded in 1857, Sheffield FC’s claim to fame is its role in codifying the modern game – a narrative McClure says is “still under‑told”. The club boasts the first football kit, the first recorded derby and a unique FIFA order of merit shared only with Real Madrid, offering “global IP opportunities”, according to the chair.To translate heritage into footfall, McClure has introduced free entry for children, hoping to lift typical matchday crowds from 300‑400 to larger numbers. He also highlights a logistical hurdle: the club’s “Home of Football” ground sits in Dronfield, Derbyshire, outside Sheffield’s city limits, prompting a long‑term ambition to relocate to a multi‑purpose venue in the city centre.McClure’s celebrity connections are already bearing fruit. He invited Sheffield music legend Richard Hawley to a recent fixture and maintains a friendly rapport with Sheffield United manager Chris Wilder, despite the historic rivalry between the city’s clubs.In a nod to modern digital culture, McClure’s brother Chris created the viral persona “Steve Bracknall”, the fictional assistant manager of the Royal Oak. When the Royal Oak played a real match at Sheffield FC, the event drew over 2,000 fans on the ground and half a million online viewers, including Robbie Williams, branding it “the biggest game in Sunday league history”.Looking ahead, McClure is keen to expand the club’s junior and women’s programmes, envisioning an “1857 Academy” that could scale globally if built on the right foundations. While a leap to the Northern Premier League is the realistic target, the broader goal is to cement Sheffield FC as a thriving community hub that honors its status as the birthplace of football.

The Norwegian Nobel Committee, which awards the Nobel Peace Prize, has publicly condemned Moscow’s latest effort to label the human‑rights organisation Memorial as an "extremist organisation". Chairman Jørgen Watne Frydnes said the committee is "deeply alarmed" by the Russian authorities’ attempt to dismantle a co‑recipient of the 2022 Peace Prize. According to the statement released on Wednesday, Russia’s Supreme Court is set to review a petition from the Ministry of Justice that seeks to add Memorial to the nation’s list of “undesirable” entities. If approved, the designation would ban the group from operating within Russia and expose anyone associated with it to up to four years in prison and substantial fines. Memorial, already branded a “foreign agent” and ordered dissolved by the Supreme Court at the end of 2021, would see all of its activities criminalised under the new petition, Frydnes warned. He added that even sharing the organisation’s published material could lead to imprisonment. “To designate such an organisation as extremist is an affront to the fundamental values of human dignity and freedom of expression,” Frydnes asserted, urging Russian officials to withdraw the claim immediately and cease all harassment of Memorial and its members. Memorial shared the 2022 Nobel Peace Prize with Ukraine’s Centre for Civil Liberties and Belarusian activist Ales Bialiatski. Founded in 1987, Memorial specialises in documenting human‑rights violations across Russia and once operated a network of roughly 50 affiliated groups both inside and outside the country. Several of these affiliates continue their work from bases in Germany, France and Italy. Key figures from Memorial have faced criminal proceedings in Russia. Notably, activist Oleg Orlov, who was sentenced for speaking out against the war in Ukraine, was released in a 2024 prisoner exchange and now works abroad to continue documenting abuses. The committee’s statement concludes with a direct appeal: Russian authorities should immediately rescind the extremist label and halt any further intimidation of the organisation and its supporters.

US Defense Secretary Pete Hegseth announced on Wednesday that the United States had achieved a "decisive" military victory over Iran, claiming the Iranian missile programme has been "functionally destroyed." Speaking alongside General Dan Caine, chairman of the Joint Chiefs of Staff, Hegseth described the operation—codenamed Operation Epic Fury—as a "historic and overwhelming" triumph that met every objective, including the dismantling of Iran’s navy, air‑defence systems and missile‑production capability. The declaration came a day after President Donald Trump stepped back from a threatened full‑scale assault on Iran, just two hours before a self‑imposed deadline for Tehran to reopen the blockaded Strait of Hormuz. The resulting cease‑fire agreement stipulates that Iran will not possess a nuclear weapon and that the United States will monitor the country’s enriched uranium stockpiles. While Hegseth emphasized that "they can still shoot here and there, but that would be very unwise," he also warned that US forces will remain in the region to ensure compliance with the two‑week cease‑fire and to oversee the safe transit of vessels through the strategic waterway. Iran’s response was equally emphatic. The Supreme National Security Council, cited by IRNA, congratulated the Iranian people on a "victory" and urged perseverance until the details of that victory are finalized. The council highlighted Iran’s alliances with the so‑called "axis of resistance" in Lebanon, Iraq, Yemen and occupied Palestine, claiming the coalition has delivered blows to the enemy over the past 40 days. At the same briefing, General Caine confirmed that US military objectives in Iran have been met, but framed the cease‑fire as a "pause" rather than a permanent end to hostilities, noting that forces remain ready to resume combat if necessary. In parallel diplomatic developments, a senior Iranian official told Reuters that Tehran could reopen the Strait of Hormuz on Thursday or Friday, contingent on a cease‑fire framework being reached ahead of a scheduled US‑Iran meeting in Pakistan. The closure of the strait has previously disrupted global oil and gas markets, making its reopening a critical economic signal. Trita Parsi, vice‑president of the Quincy Institute for Responsible Statecraft, told Al Jazeera that President Trump needed an exit from a war he described as "an absolute disaster" and that the next two weeks are "crucial" for any genuine diplomatic opening, though he cautioned that the situation is not yet resolved. Analysts note that the cease‑fire’s success will hinge on Iran’s willingness to allow unfettered navigation through the Strait of Hormuz and on US verification of Iran’s uranium holdings. The coming fortnight will test whether the declared victory translates into lasting stability in a volatile region.

Cheng Li-wun, chairwoman of Taiwan’s main opposition party the Kuomintang (KMT), used a high‑profile trip to mainland China to advocate for renewed dialogue with Beijing. On Wednesday she laid a wreath at Sun Yat‑sen’s mausoleum in Nanjing, invoking the revolutionary’s legacy of “equality, inclusiveness and unity” as a moral foundation for cross‑strait reconciliation. Her visit marks the first time a KMT leader has set foot in China in ten years. Cheng said the core values of Sun’s ideal—"all under heaven are equal"—should guide efforts to promote reconciliation and regional prosperity across the Taiwan Strait. During the trip Cheng also expressed hopes to meet Chinese President Xi Jinping, framing the potential encounter as a diplomatic test that could demonstrate the effectiveness of dialogue over deterrence. The timing of the trip is notable. It comes amid heightened friction between Taipei and Beijing, with China continuing to assert sovereignty over Taiwan while refusing to engage with President William Lai Ching‑te, whom it labels a “separatist”. Amid concerns that a distracted United States may be less able to guarantee Taiwan’s security, some Taiwanese voters view a thaw in relations as attractive. Wen‑ti Sung, a non‑resident fellow at the Atlantic Council’s Global China Hub, told Al Jazeera that a cordial photo‑op between Cheng and Xi could bolster the KMT’s argument that dialogue is more effective than military deterrence. Domestically, Cheng’s outreach occurs as Taiwan’s opposition‑controlled parliament has stalled a proposed $40 billion increase in defence spending. She acknowledged Taiwan’s democratic evolution, referencing the legacy of the “White Terror” period, while also praising China’s recent development achievements. The governing Democratic Progressive Party (DPP) sharply criticized the trip, accusing the KMT of undermining national security. Party spokesperson Wu Cheng argued that if the opposition truly seeks stability, it should stop blocking the defence budget increase. Neither Beijing nor Taipei formally recognises the other’s government, leaving any dialogue fragile and heavily politicised. Cheng’s visit therefore represents both a symbolic gesture toward historic ties and a contested move within Taiwan’s polarized political landscape.

Stephen Fry opened his appearance on ITV’s The Assembly with a startling question: “You tried to kill yourself a couple of times. Are you happy to be alive now?” The boldness set the tone for a conversation that veered far from the usual celebrity‑friendly script.The programme distinguishes itself by placing a well‑known guest in front of a panel of young adults with neurodivergence or learning disabilities. Free from the conventional safeguards of mainstream talk shows, the panel asks questions that are simultaneously unconventional and deeply human, prompting guests to respond without the usual rehearsed veneer.For Fry, the format proved liberating. Known for translating complex ideas into accessible language, he used the platform to discuss suicidal ideation, likening the experience to the lingering memory of a broken limb—painful yet now distant. This candidness allowed him to reaffirm why he remains a cultural touchstone.One of the most memorable moments came when a participant asked, “I read that you are bipolar. One of my family has that. How can I help them?” Fry responded with a vivid analogy, describing bipolar disorder as a “rainstorm raging inside you—eventually the sun returns, and it’s the weather, not the person, that changes.” This explanation resonated as both compassionate and educational.The interview oscillated between gravitas and levity. Fry fielded whimsical queries such as “Can you help me meet Céline Dion?” and “How much have you spent on cocaine?” alongside the probing “Are you a top or a bottom?” The juxtaposition amplified the emotional weight of the serious topics.At one point, a young panelist named Luca chose not to ask a question, instead performing William Wordsworth’s poem “The World Is Too Much With Us” with theatrical flair—a rare blend of poetry and performance that underscored the show’s experimental spirit.Another highlight involved Jacob, a panel member who brandished a list of Fry’s past advertising gigs—Heineken, Twinings, Honda, and more—before delivering the punchline, “Is there anything you wouldn’t do for money?” The extended joke built a collective laugh that softened the subsequent, more probing inquiries.Critics have likened the show’s tone to a hybrid of Radio 4’s In the Psychiatrist’s Chair and the cheeky, irreverent style of classic British comedy interviews such as those with Dame Edna Everage or Mrs Merton, creating a unique space where vulnerability and humor coexist.The episode concluded with Nina Simone’s “I Wish I Knew How It Would Feel to Be Free” playing as Fry reflected on his experiences with antisemitism and bipolar disorder. Moved by the music, he rose and danced, offering a visual testament to the therapeutic power of the format.The Assembly aired on ITV1 and is now available for streaming on ITVX.

The UK hospitality sector is reeling from a triple whammy of rising costs, including increased minimum wage, business rates, and energy prices. This has put immense pressure on businesses, particularly pubs and hotels, to maintain profitability.Nick Evans, co-owner of the Old Crown Coaching Inn in Oxfordshire, exemplifies the struggles faced by many in the industry. Despite a rich history dating back to 1645, Evans is finding it challenging to make ends meet. The pub's annual revenue stands at £1.4m, but rising costs, including a £350,000 wage bill and £80,000 energy bill, are eating into profits.The latest blow to the industry came on April 1, with increases in the minimum wage and business rates. Evans notes that the wage bill will rise to nearly £370,000, and the business rates increase will add another £24,000 to the bill. This comes on top of surging energy prices due to the Iran crisis, which will further exacerbate the cost burden.Evans argues that the national insurance change is misogynistic, as it disincentivizes employers from hiring part-time workers, often mothers seeking extra income. He also believes that the minimum wage increase will price young people out of the market, as employers may opt to hire adults for a pound more.Kate Nicholls, chair of UK Hospitality, warns that one in five businesses fear they may not survive the next 12 months. She emphasizes that the sector cannot absorb any more cost increases, and hikes will simply be passed through to consumers, driving inflation and hitting jobs.For now, Evans and his co-owner, Mike Webb, are seeking a more lenient payment plan for their VAT bill from HMRC. As Evans says, 'It’s tough, tough, tough.' The future of many hospitality businesses hangs in the balance as they struggle to navigate these unprecedented challenges.

Donald Trump's decision to accept a two-week ceasefire in Iran has created a stir within his Make America Great Again (MAGA) movement, with some supporters expressing mixed reactions to the development. While some have defended the president's decision, others have accused him of betrayal and capitulation.The ceasefire, which was agreed upon after more than a month of war, has been hailed as a victory by both the US and Iran. However, critics argue that the agreement has failed to achieve its objectives, with Iran's regime still intact and its nuclear facilities persisting. The strait of Hormuz remains closed, and fighting continues in Lebanon.Dinesh D'Souza, a right-wing commentator, defended Trump on social media, stating that the president had outsmarted his critics and proved himself to be the adult in the room. Similarly, Matt Schlapp, chairman of the American Conservative Union, expressed confidence in Trump's decision-making, citing his real, actionable intelligence.However, not all supporters are convinced. Matthew Feinberg, a self-described 'MAGA Jew', expressed disappointment, stating that the ceasefire allows the IRGC to regroup and rearm. Laura Loomer, an activist and Islamophobe, also criticized the outcome, saying that the negotiation didn't yield any significant benefits for the US.The Pew Research survey found that, among Republicans, there had been an 18-point decline in confidence in Trump's policymaking about Iran since 2024. Despite this, Republicans aged 65 and older remain overwhelmingly confident in Trump's ability to make good decisions on Iran.

Jason Tarry, the CEO of John Lewis Partnership, which owns John Lewis and Waitrose, saw his basic pay rise by 21% to £1.2m in the year to January. This increase comes as the retailer announced significant job cuts, with 3,300 positions eliminated.Tarry's total pay package, including a £22,700 annual bonus, reached almost £1.26m. This substantial increase is part of a broader restructuring effort at the company, which has been facing challenges in the retail sector.The John Lewis Partnership, a staff-owned business, has been undergoing significant changes, including reducing its workforce from 69,000 to 65,700 employees. The company has attributed most of the reduction to natural attrition, with fewer than 0.5% of partners leaving through redundancy.Despite the job cuts, the total pay for key management, including directors, remained steady at £8m. Tarry was the highest-paid director, reflecting his combined role as chairman and CEO.The company has been exploring ways to operate more efficiently, including the use of electronic shelf labels and AI technology. However, it has not commented on potential future job cuts.In a positive note, John Lewis Partnership paid an annual bonus to workers in March for the first time in four years, following a 6% rise in underlying profits. Each worker, including Tarry, received a bonus equivalent to 2% of their salary.