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US President Donald Trump has claimed responsibility for the destruction of Iran's largest bridge, a 136-meter-high suspension bridge connecting Tehran and Karaj. The bridge, valued at $400 million, was struck twice, resulting in eight fatalities and 95 injuries, according to Iranian state media.Trump shared footage of the bridge's collapse on his Truth Social website, boasting that it would 'never be used again.' He also issued a stark warning, stating that there would be 'much more to follow' if a settlement is not reached with Iran.The attack on the bridge is part of a series of confirmed strikes in Iran this week. A day earlier, Trump had threatened to destroy Iran's power plants, potentially leaving millions without electricity. 'We are going to hit each and every one of their electric generating plants very hard and probably simultaneously,' he said during a primetime speech.The conflict between the US and Iran has resulted in significant damage and human suffering. Iran has suffered over 15,000 bombing raids since the start of the war, with at least 1,900 people killed and 20,000 injured, according to the International Red Cross and Red Crescent Societies. Oil prices have surged by 7% to $108 per barrel amid concerns of a wider conflict.UN Secretary General António Guterres has warned that the world is 'on the edge of a wider war' with catastrophic global implications, calling for an immediate end to the fighting.

European carmaker Stellantis has issued a recall for 44,000 vehicles in the UK due to a fault that could result in the cars catching fire. The issue affects certain models across its Peugeot, Citroën, DS Automobiles, Vauxhall, Lancia, Alfa Romeo, Jeep, and Fiat brands, produced between 2023 and 2026.The fault is related to a lack of clearance between the gas filter pipe and a component of the belt starter generator, which could cause water to leak into the engine bay during wet driving conditions. This creates a potential risk of fire in the engine.In response, Stellantis will immediately contact affected car owners to schedule a free appointment with their dealer. This recall comes as the company faces challenges, including a €22bn charge and the sale of a stake in its battery joint venture due to slower-than-expected growth in electric vehicles.The recall is a significant setback for Stellantis, which had previously planned to launch an electric truck, the Ram 1500 BEV. Meanwhile, sales of electric vehicles in Europe have soared, but demand in the US has collapsed following the withdrawal of a consumer tax credit.In contrast, rival Jaguar Land Rover (JLR) reported a recovery in sales over the past quarter, with a 61.1% jump in sales to 95,300 vehicles. However, quarterly sales were still down 14.5% compared to the same period a year earlier, largely due to a cyber-attack that halted production.

Britain is confronting the most severe energy shock since the early 1970s, as exports of oil, gas and fertiliser from the Middle East have abruptly stopped. The government says a response plan exists, but details remain vague. It is unclear whether the UK is better prepared for the fallout from Donald Trump’s war with Iran than it was for the pandemic six years ago. Ministers are sending a "we have your back" message to the public while simultaneously signalling to financial markets that any assistance will be limited and targeted. Contingency planning is especially difficult when dealing with an unpredictable leader like Trump. Britain’s heavy reliance on imported energy and food means that reassurance can only hold for a short time. The economy entered the conflict already on shaky ground: unemployment rose steadily throughout 2025 and growth stalled to a virtual standstill in the final quarter of that year. The sudden loss of Middle‑East energy and fertiliser supplies now adds a colossal supply shock. Last year, Trump’s “liberation day” tariff hikes served as a dry run for a far more serious confrontation. This time, the war is taking place in a region that is both volatile and crucial to the global economy. In the past two weeks, the repercussions have been felt across Asia – the Philippines declared a state of emergency, Sri Lanka introduced a four‑day work week, and South Korea announced budget measures to help households cope with soaring energy bills. The continent is the most dependent on Gulf‑exported energy, making the impact there the sharpest. The International Monetary Fund warned that the shock will drive higher prices and slower growth worldwide. Shortages push fuel and food prices up, eroding disposable income, prompting businesses to cut staff, and increasing the risk of recession. The UK, already projected to be one of the poorest‑performing major economies in 2026, could see its fresh graduate cohort face a brutal job market. Trump’s claim that the war could end within two or three weeks appears desperate. Even a rapid cease‑fire would leave substantial collateral damage, creating a stagflation scenario that could hurt Republican prospects in the upcoming mid‑term elections. British officials hope a swift resolution will limit economic damage, allowing a short‑term inflation spike to subside and the Bank of England to resume interest‑rate cuts. Treasury plans include scrapping the planned autumn fuel‑duty rise and providing targeted help for the poorest households, though the path is unlikely to be that simple. Currently, the Treasury is hesitant to act boldly for fear of unsettling bond markets. History – the 2008 banking collapse and the 2020 pandemic – shows that governments can act decisively without triggering a market backlash, using tools such as aggressive rate cuts, increased borrowing, and quantitative easing. The Bank of England has warned of a "substantial negative supply shock" and is expected to soften markets for future rate cuts, which are inevitable. Finance Minister Rachel Reeves could mitigate labour‑market pain by reversing recent increases in employers’ National Insurance contributions, subsidising public transport, and even lowering speed limits to conserve energy. The war, like the pandemic and Russia’s invasion of Ukraine, underscores the fragility of global supply chains and the need for greater British self‑reliance. Investing heavily in renewable energy is essential, but the UK also imports roughly 40% of its food and has not run a manufacturing trade surplus since 1982. In a world of disrupted supply lines, a robust plan for economic self‑sufficiency is more urgent than ever. Larry Elliott is a Guardian columnist.

When billionaire hedge‑fund manager Chris Rokos announced a £190 million contribution to the University of Cambridge, the move instantly became the largest single donation to any UK university in modern history. The funds will establish a new “school of government” aimed at bridging policy, science and emerging technologies. Rokos, a 55‑year‑old Oxford graduate, has amassed an estimated £2.6 billion fortune, primarily through his firm Rokos Capital Management (RCM), which he founded in 2015 after a high‑profile stint at Brevan Howard. RCM now oversees **over £22 billion** in assets, employs roughly 350 staff, and operates from offices in London, New York, Singapore and Abu Dhabi. In the most recent fiscal year ending March, Rokos paid himself nearly £500 million, according to Companies House filings, reflecting the firm’s strong performance amid volatile markets. Beyond finance, Rokos has kept a remarkably low public profile. He famously declined to provide a photograph when launching a £500 million fund in 2007, and he has avoided media attention despite owning one of England’s most expensive private residences. The £175 million refurbishment of the Grade I‑listed Tottenham House in Wiltshire – featuring a tennis pavilion, private cinema, basement squash court and a proposed “subterranean family link” to a pool house – has drawn local council scrutiny but stands as a tangible testament to his wealth. Rokos’s career trajectory began in banking at UBS and Goldman Sachs, moving to Credit Suisse where he was recruited by Alan Howard. He later joined the founding team of Brevan Howard in 2002, generating roughly $4 billion (≈£3 billion) in investor profits and about £600 million for himself before departing in 2012. His philanthropic philosophy emphasizes diversity of thought. In a video released by Cambridge, Rokos warned that a school populated only by “centrist, socially liberal” voices would be a failure, insisting on a broad spectrum of intellectual viewpoints. Earlier this year, RCM’s exploratory talks to bring former UK business secretary Peter Mandelson onto its advisory board collapsed after revelations about Mandelson’s connections to the late Jeffrey Epstein. Rokos also ranks among the UK’s biggest taxpayers and maintains a family office in Mayfair. A lingering legal dispute over a five‑year non‑compete clause with a former employer was settled out of court, clearing the way for his current venture. Overall, the record‑breaking Cambridge donation not only reshapes the university’s academic landscape but also underscores how hedge‑fund wealth is increasingly channeled into high‑impact philanthropy, blurring the lines between finance, education and public policy.

Italy awoke on Wednesday in a state of anger and disbelief after the Azzurri were eliminated from the FIFA World Cup 2026 qualification by a 4-1 penalty shoot‑out defeat to Bosnia and Herzegovina, following a 1‑1 draw in regular time.The loss represents the third straight playoff elimination for Italy – previous setbacks came against Sweden and North Macedonia – and has revived what the front page of Corriere della Sera dubbed the "World Cup curse."Italian media, including La Gazzetta dello Sport and Corriere dello Sport, echoed the sentiment with headlines proclaiming “We’re all staying at home,” underscoring the depth of national disappointment.Key moments in the match included a red card for Alessandro Bastoni in the 42nd minute for a last‑man tackle, a turning point that shifted momentum despite Italy leading at the time.Fans expressed their shock and frustration: "Everything went badly from the start of the match. The team wasn’t good, players out of form… it makes no sense," said Davide Caldaretta, a spectator in a Rome pub, to Reuters.Melanie Cardillo, also speaking to Reuters, described herself as “really upset and disappointed,” adding that the repeated failures have eroded hope.Beyond football, Italy recently celebrated a record 30 medals at the Milan‑Cortina Winter Olympics and 40 medals at the 2024 Paris Summer Games, highlighting the country's broader sporting prowess, from speed skater Francesca Lollobrigida to tennis champion Jannik Sinner.Nevertheless, the football debacle prompted a political backlash. Sport Minister Andrea Abodi called on FIGC President Gabriele Gravina to resign, stating, "Italian football needs to be rebuilt from the ground up, starting with changes at the top of the FIGC."Gravina refused to step down, noting that a board meeting next week will determine his future. Tensions have risen between the government and the federation, with Gravina accusing the state of treating football as a "state sport" while favoring other disciplines.Former Prime Minister Matteo Renzi weighed in, calling the elimination “unfortunately not an April Fool’s joke” and emphasizing that football is integral to Italy’s cultural identity.In response to Gravina’s remarks, speed skater Francesca Lollobrigida posted sarcastically on Instagram, "I’m an amateur," underscoring the broader debate over responsibility for the missed qualification.As Italy prepares for the next board meeting, the nation faces a pivotal moment: whether to overhaul its football governance or continue grappling with a perceived "curse" that has kept the Azzurri out of the world stage for three consecutive cycles.

Russia has pledged to continue providing assistance to Cuba, following the delivery of a Russian-flagged tanker carrying 730,000 barrels of oil to the island nation. This shipment marks the first crude oil delivery to Cuba in three months, providing much-needed relief to the country's struggling energy grid.Maria Zakharova, spokesperson for the Russian Ministry of Foreign Affairs, stated that Cuba is Russia's closest friend and partner in the Caribbean, and that Russia will not abandon it. Zakharova also expressed solidarity with Cuba, calling for the US to lift its blockade on the independent sovereign state.The oil shipment, which arrived at the Bay of Matanzas, is expected to produce approximately 180,000 barrels of diesel, enough to meet Cuba's daily demand for nine or 10 days. This temporary reprieve comes as Cuba faces an energy crisis, exacerbated by the loss of Venezuelan oil supplies following the removal of President Nicolas Maduro in January.The energy crisis has led to frequent blackouts and brought hospitals, public transportation, and farm production to the brink of collapse. The Cuban government has welcomed the shipment, with Energy and Mines Minister Vicente de la O Levy expressing gratitude to Russia for its support.Russia's actions have drawn attention from the US, with President Donald Trump stating that he had 'no problem' with Russia sending oil to Cuba for humanitarian reasons. However, Trump also criticized Cuba's leadership, saying that the island nation's problems would not be solved by receiving oil shipments.

Cuba's tourism industry, once a pillar of the country's economy, is reeling from the effects of the US oil blockade imposed in January. The blockade has led to a significant decline in visitors, with only 1.6 million tourists visiting the island from January to November last year, a drop from its 2018 peak of 4.8 million.The decline in tourism has had a devastating impact on the livelihoods of Cubans who rely on the industry for their income. Taxi driver Rainier Hernandez, 38, used to work upwards of six hours a day ferrying tourists around Havana, but now he is lucky to get one or two hours of paid work in a day.The economic momentum has sputtered in recent years, a trend accelerated by a recent spike in tensions between the US and Cuba. The blockade has pushed petrol prices up to $12 per litre ($45.36 per gallon) and led the government to cancel nearly all public transport options.Tour guides like Carlos Fariñas, 29, are struggling to make ends meet, with some considering leaving the island in search of better opportunities. 'If there is no tourism, there is no economy,' Fariñas said.The situation has become so dire that some Cubans are worried about losing their homes, as the collapse of the tourism industry could cost them the very roof over their heads. 'I would die of hunger' if I had to wait for tourists to return, said Alejandro Ricardo, 26, who manages an Airbnb in Havana.The US oil blockade has had far-reaching consequences for Cuba's economy, with the country's tourism industry accounting for nearly 12 percent of its GDP at its height in the late 2010s. The blockade has left many Cubans uncertain about their future on the island, as they struggle to afford necessities.

An Israeli strike has reduced a building to rubble in a southern suburb of Beirut, according to video footage that has circulated online. The clip, which appears to show the moment of impact and the subsequent collapse, underscores the heightened volatility along the Israel‑Lebanon border.The destruction of the structure, captured in real time, adds to a series of recent cross‑border incidents that have drawn international attention. While the video confirms the physical damage, details such as casualties, the exact location within the suburb, and the strategic purpose of the target remain unverified.Analysts note that such visual evidence can influence diplomatic narratives, potentially shaping public perception and policy responses in both Israel and Lebanon. The incident also raises concerns about civilian safety in densely populated urban areas, where the line between military objectives and civilian infrastructure can be blurred.As the situation develops, regional observers are watching for official statements from the involved parties and any subsequent actions that could either de‑escalate or further inflame the conflict.

Denby, a 217-year-old pottery firm based in Derbyshire, has appointed administrators, putting almost 600 jobs at risk of loss. The company, which owns the Burleigh brand, has struggled with surging energy costs, higher labour costs, tighter financial markets, and softening consumer demand for its premium homeware.Earlier this month, Denby's CEO, Sebastian Lazell, stated he was 'trying to move heaven and earth' to save the business. A #SaveDenby campaign was launched to encourage people to buy more products and lobby the government for support. Despite an 'overwhelming and deeply moving' response, the company was unable to secure 'strategic investment partners' to continue.Tony Wright, joint administrator of Denby Group, said: 'Denby is one of Britain's most beloved and enduring pottery brands... We are focused on progressing the sale process and encourage any interested parties to come forward without delay.'The problems at Denby come a year after Royal Stafford and Moorcroft pottery firms also called in administrators. Stoke's Wedgwood pottery has also announced job cuts. A string of consumer goods companies have fallen into administration this year due to lacklustre consumer spending and rising costs.