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World Economy Apr 02, 2026

Global Super-Rich May Have Hidden $3.55 Trillion in Offshore Accounts, Oxfam Reveals

Oxfam estimates that the global super-rich may have hidden $3.55 trillion in offshore accounts, eva…
The global super-rich may have as much as $3.55 trillion hidden away from tax authorities, according to estimates by Oxfam. This staggering amount is more than 3% of global GDP and is likely to be owned by the richest 0.1% of households.Oxfam's latest analysis reveals that total wealth held offshore has increased significantly to $13.25 trillion in 2023. While the share of secretive holdings hidden from tax authorities has fallen since the introduction of a new system of automatic information exchange between jurisdictions in 2016, Oxfam estimates that a substantial amount remains shielded from tax.The charity's lead on tax, Christian Hallum, emphasized that this isn't just about clever accounting, but about power and impunity. When millionaires and billionaires stash trillions of dollars in offshore tax havens, they place themselves above the obligations that bind the rest of society.Oxfam is part of a global campaign to mobilize calls for a global progressive wealth tax, including through negotiations at the UN on a framework for tax cooperation. The charity is also calling for countries in the global south to be included in the Common Reporting Standard – the system that allows for information exchange between jurisdictions.In the UK, Oxfam is urging Labour to implement a wealth tax, with the Green leader in England and Wales, Zack Polanski, suggesting a tax levied annually at a rate of 1% on assets worth more than £10m, and 2% above £100m. The Green party claims this policy would raise about £15 billion a year.
#tax #wealth #global
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World Apr 02, 2026

EU’s tepid response to Israel‑Lebanon conflict sparks calls for sanctions and trade suspension

Irish MEP Barry Andrews’ visit to Beirut exposed a worsening humanitarian crisis in southern Lebano…
Irish MEP Barry Andrews toured makeshift shelters in Beirut last month, where displaced families are living on dirty mattresses and blankets and suffering from infections. The conditions, he said, are worse than during Israel’s 2024 incursion, underscoring the human cost of Israel’s retaliatory strikes after Hezbollah fired rockets into Israel.On returning to Dublin, Andrews became one of the first European lawmakers to urge the European Union to revive sanctions against Israel. He argued that the EU must also address state‑backed settler violence in the West Bank, attacks on health workers in Gaza, and Israel’s recent move to reinstate the death penalty for Palestinians convicted of terrorism.The EU’s leverage lies in its association agreement with Israel, a commerce and cooperation accord that underpins a €68 billion (€59 bn) trading relationship and includes cooperation on energy and scientific research. Former EU representative to the Palestinian territories, Sven Kühn von Burgsdorff, says the bloc should suspend this agreement, halt all military aid, and cease trade with illegal settlements, warning that inaction will further damage the EU’s reputation.Andrews described the EU’s reaction to the Iran‑Israel‑Lebanon war as “weak and pathetic,” adding that it effectively gives Israel a “permission slip for endless war crimes.” The European Commission condemned the Knesset’s death‑penalty vote as “very concerning” and a “clear step backwards,” while the Council of Europe called it a “legal anachronism” incompatible with modern human‑rights standards.Human‑rights figures note that in the past four weeks more than 1,240 people have been killed in Lebanon—including at least 124 children—and over 1.1 million have been displaced. In Gaza, the death toll has risen by 673 since the October ceasefire, bringing the total to 72,260 deaths.EU leaders have been divided on how to respond. Former Commission President Ursula von der Leyen proposed unprecedented sanctions last September, citing a “man‑made famine” in Gaza, but the proposal failed to secure a majority in the Council of Ministers, losing momentum after the U.S. announced a cease‑fire plan.Member states also differ: Ireland, Spain and Slovenia champion the Palestinian cause, whereas Germany, Austria and Hungary—led by Viktor Orbán, a close ally of Prime Minister Benjamin Netanyahu—have resisted measures such as sanctions on West Bank settlers.Despite these divisions, a senior EU diplomat warned in mid‑March that the bloc may need to “increase pressure on Israel again,” citing the “highly problematic” situation in Gaza and the West Bank. Another diplomat highlighted the importance of engaging with Israeli civil society, noting an open letter from 600 Israeli security officials urging an end to the Gaza war.In a recent statement, a Commission spokesperson reiterated that diplomatic engagement with Israel continues, describing it as the standard approach when partners “do not see developments eye to eye.” Yet former EU envoy Kühn von Burgsdorff cautioned that the EU cannot appear as a “sidekick” to an “erratic, unreliable” U.S. president or a “warmongering, annexationist” Israeli prime minister, as such a stance would undermine Europe’s global standing.
#israel #lebanon #hezbollah
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News Apr 02, 2026

UK to Convene 35-Nation Talks on Reopening Strait of Hormuz

The UK will host a virtual meeting of 35 countries to discuss measures to reopen the Strait of Horm…
The United Kingdom is set to convene a virtual meeting of 35 countries to assess measures to reopen the Strait of Hormuz, a critical Gulf waterway that has been effectively closed due to the US-Israeli war on Iran. British Prime Minister Keir Starmer announced that UK Foreign Minister Yvette Cooper would host the meeting on Thursday.The meeting aims to “assess all viable diplomatic and political measures that we can take to restore freedom of navigation, guarantee the safety of trapped ships and seafarers and resume the movement of vital commodities”, according to Starmer.Countries around the world have raised serious concerns about Iran’s effective closure of the strait, through which about one-fifth of the world’s oil and liquified natural gas supplies transit. The closure has sent global energy prices soaring and pushed nations to announce that they would release some of their strategic oil and gas reserves in an effort to lessen the crisis.Starmer emphasized that reopening the strait “will not be easy” and that countries that recently signed a statement saying they were ready “to contribute to appropriate efforts to ensure safe passage through the Strait of Hormuz” would take part in this week’s talks.In addition to the UK, France, Germany, Italy, Japan, and the Netherlands are among the countries to have signed it. The UK and other European countries have faced condemnation from US President Donald Trump, who has accused them of both failing to take action to reopen the strait and not providing sufficient support to Washington in its war effort.
#strait #countries #starmer
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World Apr 01, 2026

UK Citizens Detained in UAE Over Social Media Posts Amid Iran Conflict

Families of British citizens detained in the UAE over social media posts related to the Iran confli…
The families of British citizens held in the United Arab Emirates over allegations that they shared images of the conflict with Iran have expressed frustration at the British government's failure to help.Several British citizens are among more than 100 foreign nationals who have been detained under draconian Emirate rules that outlaw publishing or sharing material that could 'disturb public security'.UK government ministers have refused to condemn the arrests, amid claims they are too fearful of offending the Emirates because of their economic clout.The campaign group Dubai Watch, which is supporting nine British detainees, said their identities could not be revealed for fear of reprisals. But it has shown the Guardian anonymised correspondence from their increasingly anxious families.A mother whose daughter is being held wrote: 'This experience is exhausting, mentally and emotionally.'She described reading media reports about the continuing conflict in which Iran has retaliated against US and Israelis strikes by firing drones and missiles against its Gulf neighbours, including the UAE.She said: 'I have just read another article, and quite frankly I could do one purely on the inadequacies and sycophantic responses from this [UK] embassy.'She also expressed increasing fears for her daughter's safety as attacks continued. The mother said: 'I spoke to [my daughter] last night and they are no longer allowed to go outside in the courtyard as it's now deemed too dangerous to do so. This is an even bigger worry as they are all just sitting ducks.'Another message from a woman whose husband had been detained under the same law said the case had been 'mishandled'. She added: 'We are scared because nobody is telling us the truth. Can you please help us.'Police in Abu Dhabi said those detained had 'filmed sites and events and disseminated inaccurate information via social media platforms during the ongoing events, an action that could stir public opinion and spread rumours among community members'. In a statement, the officials said these 'violations' amounted to a 'misuse of social media'.Daisy Cooper, the deputy leader of the Liberal Democrats, confirmed that one of the detainees was a St Albans' constituent. She said their family was frustrated by the lack of consular help.Cooper told the Guardian: 'I'm deeply concerned that my constituent has been held with very little contact with their family, with no clear access to legal counsel, and no confirmation that UK consular officials have been permitted to visit them. The family are distressed and desperate for information about their wellbeing.'Cooper also criticised the UAE's round-up of anyone it has accused of sharing images of the conflict. She said: 'The response from the authorities appears wholly disproportionate given the nature of the allegations.'The Foreign, Commonwealth and Development Office confirmed that five UK nationals were receiving consular assistance in the UAE.David Haigh, a human rights lawyer and founder of Dubai Watch, said: 'There's an awful lot more than five cases. The embassy is overwhelmed.'He added: 'There hasn't been any government intervention because it would offend the UAE and they don't want to do that. Impotent is the best way to describe the response. They're too scared – it's all about the money and investment from the UAE.'
#uae #iran #detentions
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Technology Apr 01, 2026

The Unifying Power of the Artemis Moon Mission

The Artemis moon mission represents a significant international effort, uniting nations in a shared…
The Artemis moon mission is a landmark international project that embodies the spirit of unity and cooperation. Over 50 years ago, the Apollo astronauts' photographs of Earth from the moon had a profound impact on society, highlighting our planet's fragility and finiteness.This new mission, involving 11 nations and 61 countries that have signed the Artemis accords, aims to revive that sense of unity and shared purpose. The crew of Artemis II, comprising calm, curious, kind, and thoughtful individuals, will fly around the moon and take photographs of Earth from a distance, potentially streaming the experience live.The mission's commander, Reid Wiseman, emphasizes that "we are going as humanity," while astronaut Christina Koch notes that "any country that's interested in exploring, come, come along, be a part of this." Victor Glover, set to be the first African American to fly to the moon, adds that space exploration teaches us that "we're all brothers and sisters."As the Artemis astronauts prepare to experience the profound view of Earth from the moon, they are accompanied by a tiny silicon disc of goodwill messages from world leaders, placed on the lunar surface by the Apollo 11 crew. This message, from Eric Williams, then prime minister of Trinidad and Tobago, reads: "It is our earnest hope of mankind that while we gain the moon, we shall not lose the world."The Artemis mission has the potential to inspire a new generation and promote global cooperation, serving as a reminder that we are "riders on the Earth together."
#earth #moon #artemis
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World Apr 01, 2026

UK to Host 35 Countries for Strait of Hormuz Talks Amid Iran Blockade

The UK will convene 35 countries to discuss reopening the Strait of Hormuz, a vital shipping route …
The UK is set to host 35 countries, excluding the US, to discuss ways to reopen the Strait of Hormuz, a crucial shipping route for oil and gas that has been blocked by Iran. Prime Minister Keir Starmer announced that the next phase of discussions, led by the UK and France, will take place on Thursday, with Yvette Cooper, the foreign secretary, alongside international leaders.The meeting will focus on assessing viable diplomatic and political measures to restore freedom of navigation, guarantee the safety of trapped ships and seafarers, and resume the movement of vital commodities. British military planners will meet afterwards to discuss how to marshal their capabilities and make the strait accessible and safe after the fighting has stopped.The blockade has resulted in around 1,000 ships being stranded, with only about 130 ships passing through since the war began, compared to the normal daily number. The strait is a critical route, with a fifth of the world's oil and gas supplies and a third of global fertilisers passing through before the conflict.The US has not been directly invited to participate in the talks, which will include countries that signed a joint statement last month, such as the UK, France, Germany, Italy, and the Netherlands, as well as Japan, Canada, South Korea, and New Zealand. The Ministry of Defence has sent military planners to US Central Command to explore options for getting tankers through the strait.Iran's Islamic Revolutionary Guards Corps has stated that the Strait of Hormuz will remain closed to 'enemies of this nation', and US President Donald Trump has posted that there will be no ceasefire with Iran until it relinquishes control of the waterway.
#strait #countries #iran
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Sports Apr 01, 2026

Meet Cooper Lutkenhaus: The 17-Year-Old American Sensation Dominating Track and Field

Cooper Lutkenhaus, a 17-year-old American high school student, has become the youngest world champi…
Cooper Lutkenhaus, a 17-year-old American high school student, has taken the athletics world by storm by becoming the youngest world champion in track and field history. He achieved this incredible feat by winning the 800m indoor world championship in Torun, Poland.Lutkenhaus's remarkable talent has drawn comparisons to top athletes like David Rudisha, with Belgian athlete Eliott Crestan saying, 'He's like David Rudisha... In 10 or 20 years' time, I'll be able to say that I ran against him.'The young athlete's coach, Chris Capeau, attributes his success to a combination of 'God's gifts, his mum and dad's genetics, and his upbringing.' Capeau also highlights Lutkenhaus's intense focus on detail and his ruthless approach to maximizing his potential.Lutkenhaus's achievements have made him a sensation in the athletics world, with many eagerly anticipating his future performances, including his participation in the Eugene and Stockholm Diamond League this summer.Despite his remarkable success, Lutkenhaus remains humble and grounded, celebrating his gold medal with a simple burger and fries with his family. His father, George, emphasizes the importance of allowing his son to enjoy the moment and not getting caught up in the hype surrounding his achievements.
#Cooper Lutkenhaus #800m indoor #World Athletics
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World Apr 01, 2026

Starmer Calls for Ambitious UK‑EU Partnership Amid Iran Conflict, Citing Security and Economic Benefits

British Prime Minister Keir Starmer urged a deeper UK‑EU alliance in defence and economics, linking…
Prime Minister Keir Starmer told Downing Street staff that Britain’s long‑term national interest now hinges on a more ambitious partnership with the European Union, a stance shaped by the escalating war in the Middle East and the broader volatility of global politics.He announced that the foreign secretary will convene an international meeting later this week to discuss ways to re‑open the Strait of Hormuz and ensure safe navigation once hostilities subside. Following that summit, Starmer said military planners will be brought together to assess how Britain can contribute to securing the vital waterway.Emphasising a strategic pivot, Starmer said the UK’s future is increasingly tied to Europe, especially ahead of an upcoming EU summit that will go beyond merely reviewing last year’s “reset” commitments. He warned that Brexit inflicted deep damage on the British economy and that the opportunities to improve security and alleviate the cost‑of‑living crisis are “too big to ignore”.At the summit, the government aims to secure closer economic and defence cooperation, a partnership built on shared values and mutual security interests. Starmer added that strengthening ties with the EU could also enhance the UK’s relationship with the United States, despite recent criticism from President Donald Trump.When pressed about Trump’s remarks about possibly withdrawing the US from NATO, Starmer replied that he will act according to the British national interest, regardless of external “noise”. He also clarified that, while Labour’s manifesto does not call for re‑joining the EU single market, the government is open to negotiating deeper single‑market links if they serve Britain’s economic goals.The speech drew sharp rebuke from Reform UK, whose deputy leader Richard Tice dismissed the idea of tighter EU ties as “ludicrous” and warned of the bloc’s past reliance on Russian gas. In contrast, Liberal Democrat Europe spokesperson Al Pinkerton hailed the remarks as an “overdue moment of honesty” about Brexit’s costs and urged the UK to scrap “red‑line” policies and consider a customs union as an economic imperative.Green Party MP Siân Berry welcomed the shift, saying Starmer is finally recognising the need to look to European partners for long‑term security rather than relying solely on the United States.
#our #starmer #britain
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Politics Mar 31, 2026

Pakistan’s Foreign Minister Ishaq Dar Seeks Chinese Backing for US‑Iran Ceasefire Amid Middle East Turmoil

Pakistan’s foreign minister Ishaq Dar travelled to Beijing to press China into a more active role i…
Islamabad – Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar will travel to Beijing, reaffirming the “all‑weather strategic cooperative partnership” between the two nations, according to the Pakistani Ministry of Foreign Affairs.The visit follows a high‑profile quadrilateral meeting in Islamabad that brought together foreign ministers from Turkey, Egypt and Saudi Arabia, all aiming to coax the United States and Iran back to the negotiating table amid a war that has already spiked global energy prices.Despite a recent hairline shoulder fracture, Dar pressed on with the trip, signalling the urgency of Pakistan’s diplomatic push. In a March 27 call, Chinese Foreign Minister Wang Yi praised Islamabad’s “untiring efforts to cool down the situation,” a sentiment echoed by spokesperson Mao Ning, who said China is ready to “enhance communication… for a cease‑fire and peace in the region.”Analysts argue the mission is less about collecting praise and more about testing whether Beijing will move from rhetoric to concrete action in the US‑Iran mediation. The central question: can China become an active partner rather than a silent observer?Former Wilson Center fellow Baqir Sajjad Syed explains that Dar will brief Chinese leaders on the recent Islamabad quadrilateral and seek to turn five draft principles – immediate ceasefire, resumption of talks, civilian protection, maritime security, and UN Charter compliance – into a binding framework.Pakistani scholars view the outreach as classic intermediary behaviour: Pakistan leverages China’s permanent‑member status to stay relevant, while China, unlike the United States, mainly engages with Gulf states and Tehran.Iran specialist Vali Nasr suggested Tehran may be looking for a Chinese “guarantor” for any US‑Iran deal, a premise disputed by professor Ishtiaq Ahmad, who calls the expectation “analytically weak” given China’s reluctance to back a declining regime.The strategic stakes are stark. The Strait of Hormuz moves roughly 20 % of global oil. Kpler data show China imported about 1.38 million barrels per day of Iranian crude in 2025 – roughly 12 % of its total oil imports. The IEA estimates 15 million barrels per day passed through the strait in 2025, with China and India accounting for 44 % of that flow.China‑Iran trade hit about $41.2 billion in 2025, and a 2021 25‑year strategic cooperation pact promised up to $400 billion in Chinese investment for discounted Iranian oil, much of which remains unrealised due to U.S. sanctions.Syed describes China’s motivations as “clear and self‑interested”: protecting energy security, safeguarding Belt and Road Initiative (BRI) and China‑Pakistan Economic Corridor (CPEC) projects, and bolstering its image as a global peace broker. A prolonged war would hurt China’s economy through higher oil prices and disrupted trade routes.While Beijing is unlikely to deploy military forces, it may employ diplomatic tools – public endorsements, joint statements, and economic levers – to push for a cease‑fire. Its pragmatic stance means it will weigh the benefits of deeper involvement against the risk of being drawn into a conflict.The diplomatic backdrop includes a postponed Trump visit to Beijing and a slated summit for mid‑May, as well as a future Xi‑to‑U.S. trip, which observers say could signal a broader alignment between the two great powers.Meanwhile, the United States continues to amass forces in the Gulf, with thousands of Marines and Army troops positioned for possible ground operations, underscoring the volatility that Pakistan and China are trying to mitigate.In sum, Dar’s Beijing mission tests whether China will remain a passive supporter or become an active broker in a war that threatens global energy markets and regional stability.
#Pakistan #China #United States
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