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Economy Apr 12, 2026

Iran Conflict Dampens UK Housing Market as Sellers Face Despair

The ongoing conflict in Iran has significantly impacted the UK housing market, causing lenders to p…
The UK housing market is experiencing a downturn due to the Iran conflict, which has led to increased uncertainty and fear among buyers and sellers. This conflict has resulted in lenders pulling hundreds of mortgage products within 48 hours of the war's outbreak, replacing them with more expensive deals.As a result, buyers and sellers are having second thoughts, with some pulling out of deals altogether. The mood in the market is one of 'fear and uncertainty,' according to Andy Wicking, director of the Charles Bainbridge estate agency in Canterbury.In the first three months of this year, just 47% of homeowners who asked Wicking to value their property went on to list it, a significant drop from 68% in the same period in 2025. Wicking notes that owners are still asking for valuations but not acting on them.At the bottom end, first-time buyers and those with the smallest deposits and least experience of riding out a turbulent market are pulling out. Wicking says, 'The chains falling down at the lower end, they're the really cautious ones.'For those who do make it to market, prices are slumping. A house valued at £600,000 may now go on at £575,000 to get buyers through the door. Surveyors are increasingly down-valuing properties too.The conflict has also led to a rise in interest rates, with the average two-year fixed-rate mortgage standing at 5.90% on Wednesday, up from 4.83% at the start of March. Nearly a million homeowners are due to come off five-year fixed deals this year, with those who have secured new deals paying an average of £94 more a month.The timing of the conflict couldn't be worse for owners who usually bring their homes to market after hunkering down for the winter. As Brian Swint, an independent mortgage broker, notes, 'It's the fear.'
#Iran conflict #UK housing market #mortgage lenders
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News Apr 11, 2026

Machete-Wielding Man Shot by Police at New York City's Grand Central Station

A man wielding a machete attacked and wounded three elderly individuals at New York City's Grand Ce…
A violent incident unfolded at New York City's iconic Grand Central station on Saturday, when a man armed with a machete allegedly attacked and wounded three elderly individuals.Police responded swiftly to the situation, and one officer opened fire, striking the attacker. The man was taken to a local hospital in critical condition.The victims, identified as an 84-year-old man, a 70-year-old woman, and a 65-year-old man, were hospitalized in stable condition. The NYPD reported that the incident occurred at 9:40am Eastern Time (13:40 GMT).Grand Central station, a major transit hub in Midtown Manhattan, is renowned for its Beaux-Arts architecture and is one of the most visited tourist attractions globally, with an average of 750,000 travelers and visitors daily.
#police #man #list
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World Economy Apr 11, 2026

US Inflation Surges to 1% in March Amid Iran War and Energy Market Disruptions

The US inflation rate rose to 0.9% in March, driven by a significant increase in energy prices due …
The United States has experienced a notable surge in inflation, with consumer prices rising by nearly 1 percent in March. This significant increase, one of the highest short-term inflation rates in years, is largely attributed to the disruption of energy markets amid the ongoing conflict with Iran. According to a report by the US Bureau of Labor Statistics, the inflation rate in March was 0.9 percent, up from 0.3 percent in February. This marks the largest increase since May 2022, during the peak of the cost-of-living crisis triggered by the COVID-19 pandemic. The March increase was primarily driven by energy prices, with gasoline prices surging by 21.2 percent and fuel oil prices increasing by more than 30 percent. The energy index saw a 10.9 percent increase in March, the largest monthly rise since September 2005. The escalation in prices followed the US and Israel's launch of an all-out war on Iran on February 28, which resulted in the killing of Iran's Supreme Leader Ali Khamenei. In response, Tehran closed the Strait of Hormuz, causing oil and gas prices worldwide to skyrocket. The price of a barrel of oil reached $120, up from about $70 on February 27. In the US, the price of one gallon of gasoline exceeded $4.1, a significant increase from less than $3 before the conflict began. Although a two-week ceasefire was agreed upon between the US and Iran, marine traffic in the Strait of Hormuz remains at a fraction of its pre-war levels. US President Donald Trump has warned Iran against blocking the strait or charging vessels for safe passage. About 20 percent of the world's oil passes through the Strait of Hormuz. While the ceasefire has brought some relief to the global energy market, with oil prices dropping to less than $100, US consumers are still paying $4.15 on average at the petrol pump. Experts suggest that it will take several months for prices to stabilize. The inflation report comes as US politicians focus on the cost of living and affordability, ahead of the November midterm elections. Trump's Democratic rivals have criticized him for launching the war without congressional approval, highlighting the increased economic costs for Americans.
#iran #war #percent
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News Apr 11, 2026

Ukraine’s Drone Surge Drives Record Russian Casualties as Moscow’s Recruitment Falls Short

Ukraine’s expanded drone production and sortie rate in March caused a record 35,351 Russian soldier…
Ukraine’s armed forces reported that Russian soldier losses surged to 35,351 in March, the highest monthly tally since the conflict began. 96% of those casualties were inflicted by Ukrainian drones, with artillery and small arms accounting for the remainder. This represents a 29% increase over February’s figures, according to Ukraine’s commander‑in‑chief. Ukrainian officials say the spike confirms a trend of rising Russian attrition. Deputy Head of the Presidential Office, Colonel Pavlo Palisa, noted that Russia suffered 316 casualties per square kilometre captured in the first quarter of 2026, compared with just 120 per km² in 2025. Russia’s manpower replenishment is faltering. Although Moscow set a target of 409,000 contract soldiers for the year, recruitment in the first quarter averaged 940 troops per day, well below the required 1,120 per day. At this pace, analysts project a 65,000‑person shortfall by year‑end, a vulnerability Kyiv aims to exploit. President Volodymyr Zelenskyy has publicly set a goal of inflicting 50,000 Russian casualties each month to render the invading force “irrecoverably weakened.” Territorial gains for Russia are also receding. The Institute for the Study of War estimates Russian forces captured an average of 5.5 sq km per day in 2026, down from 10.66 sq km a year earlier and 14.9 sq km at the end of 2024. Ukrainian commanders attribute their lethal edge to a rapid expansion of drone capabilities. Commander‑in‑Chief Oleksandr Syrskii disclosed that Ukrainian drones struck 151,207 targets in March, a 50% rise from February, driven by roughly 11,000 sorties daily. Ukraine now enjoys a 1.3:1 advantage in First‑Person‑View drones on the frontlines. Interceptor drones also played a decisive role, with Defence Minister Mykhailo Fedorov reporting a record 33,000 Russian UAVs shot down in March—double the previous month’s tally. His deputy, Serhii “Flash” Beskrestnov, is collaborating with manufacturers on next‑generation interceptors capable of speeds up to 550 km/h to counter emerging jet‑powered Shahed drones. Long‑range strike capacity is set to expand further. Fire Point, Ukraine’s leading long‑range drone producer, announced the near‑deployment of two ballistic missiles with ranges of 300 km and 850 km, the latter theoretically reaching Moscow. These offensive gains have shifted the operational balance. Syrskii asserts that, despite modest territorial concessions, Ukrainian forces have seized the “strategic initiative” by preventing large‑scale Russian offensives and intensifying mid‑range strikes (30‑120 km into Russian rear areas) against logistics hubs, warehouses, command posts and oil depots. On the ground, Ukrainian troops have recaptured eight settlements and reclaimed 480 sq km of land in the Dnipropetrovsk region, underscoring the momentum of Kyiv’s counter‑offensive. Analysts warn that Russia may still pursue broader territorial ambitions, eyeing the Odesa and Mykolaiv coasts and a potential southern buffer in Vinnytsia near Moldova’s Transnistria. President Zelenskyy reiterated that Russian leadership believes a Ukrainian retreat would spare “hundreds of thousands of people,” a claim he dismissed as a strategic ploy during recent ceasefire talks.
#ukraine #russia #drones
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Politics Apr 11, 2026

New York Mayor Zohran Mamdani Marks 100‑Day Milestone with Universal Childcare Rollout and 100,000 Potholes Fixed

In his first 100 days, New York’s newly elected mayor Zohran Mamdani has delivered on key promises,…
Zohran Mamdani celebrated his 100‑day anniversary as New York City’s mayor amid a backdrop of frigid crowds at City Hall and a historic milestone: the city filled 100,000 potholes in just over three months. The 32‑year‑old Democratic socialist, the first Muslim mayor of the United States’ wealthiest city, framed his early tenure as a test of whether a platform built on affordability could be translated into concrete governance. His administration’s headline achievement is the launch of a universal childcare initiative. Partnering with Governor Kathy Hochul, the mayor secured $1.2 billion from the state’s 2026 budget—funds drawn from existing revenue streams rather than new taxes—to add 2,000 daycare seats in low‑income neighborhoods. Sign‑ups for two‑year‑old slots will open in June, with allocations announced by August. “One in four New Yorkers lives in poverty, and after housing, childcare costs are pushing families out of the city,” Mamdani told Al Jazeera, underscoring the program’s role in curbing a citywide affordability crisis. Parallel to the childcare rollout, the mayor’s pothole‑filling campaign has become a symbolic win. By early April, crews had patched the 100,000th pothole, a move Mamdani described as proof that the city can handle “the smallest tasks in New Yorkers’ lives” before tackling larger challenges. However, the administration faces criticism on several fronts. Snowstorm responses earlier in the year exposed gaps in emergency planning, prompting Mamdani to acknowledge the need for better tools to manage “bus stops, sidewalks, and crosswalks.” A newly released cost‑of‑living index revealed that 62 % of New Yorkers cannot afford basic expenses, with families on average falling nearly $40,000 short of a sustainable budget. The burden is especially acute for communities of colour—77 % of Hispanic and 65 % of Black residents are financially strained. Fiscal conservatives, such as Manhattan Institute adjunct EJ Mahon, argue that New York already imposes the highest tax rates on millionaires in four decades, warning that further “tax‑the‑rich” rhetoric could drive wealth out of the city. Local commentator Aria Singer echoed this concern, suggesting that aggressive tax hikes might prompt billionaires to relocate, undermining job creation. Housing remains a central battleground. Rents have risen roughly 25 % since 2019, and while Mamdani’s proposal to freeze rents would affect only about half of the rental stock, his administration is pushing an aggressive construction agenda to increase supply and stimulate competition. Political dynamics add another layer of complexity. The mayor’s ability to raise taxes or fund ambitious projects hinges on Governor Hochul’s approval, as the city lacks autonomous authority over most tax levers. Moreover, initiatives like free city buses require cooperation with the state‑run Metropolitan Transit Authority (MTA). Strategist Adin Lenchner of Carroll Street Campaigns cautioned that sustained grassroots pressure will be essential for Mamdani to translate his agenda into lasting policy, noting that even former President Barack Obama struggled to maintain such momentum. Beyond policy, Mamdani has confronted a surge in xenophobic incidents targeting Jewish and Muslim communities, including a vehicle attack on a Brooklyn Jewish centre and an alleged ISIS‑inspired explosive device outside his Gracie Mansion residence. He condemned the violence, emphasizing that “such acts are antithetical to who we are.” As the 100‑day mark passes, the mayor’s focus has shifted from the symbolic cold of his inauguration to the practical heat of governing a city that demands tangible results. While potholes may seem minor, Mamdani argues they are a litmus test for public trust: “If we can’t fix the pothole you hit every day, how can you trust us with bigger challenges?”
#Zohran Mamdani #New York City #Universal Childcare
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Economy Apr 10, 2026

UK Mortgage Crisis: Share Your Experience of Rising Interest Rates

The Guardian invites readers to share their experiences of being affected by rising mortgage rates …
The conflict in the Middle East is having far-reaching effects beyond the region, impacting UK mortgage rates and consumer confidence. In response to surging oil prices and inflation fears, lenders have pulled hundreds of mortgage products, replacing them with more expensive deals.According to Halifax, average UK house prices fell by 0.5% in March, with demand affected by higher mortgage rates. The Guardian wants to hear from individuals who have lost mortgage deals or been affected by rising interest rates.Share your experience by completing a short form or messaging the Guardian on WhatsApp at +447766780300. Responses can be anonymous, and submissions will be kept secure.The Guardian is seeking stories from people who have:Lost recent mortgage dealsBeen affected by rising interest ratesChanged housing plans due to the current economic climateAll submissions will be reviewed and potentially published, with the option to remain anonymous.
#Guardian #Bank of England #UK mortgage market
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Sport Apr 10, 2026

Surrey’s Ollie Pope and Jamie Smith fire centuries as Surrey dominate Leicestershire at the Oval

Surrey posted 412/6 at the Oval, with Ollie Pope becoming the 11th player to reach a century in thi…
Midway through the fifth day of the County Championship’s second round, Ollie Pope joined an elite group by becoming the 11th centurion in Division One this season. Five of those centuries belong to Surrey, with Jamie Smith already on two. The pre‑season favourites, despite a drawn opening match, looked formidable at the close of play, sitting at 412 for six.Leicestershire’s situation could not be more contrasting. Fresh from promotion, the side suffered a defeat to Sussex in their opener and, by the second session, appeared short on confidence, ideas and quality. Late‑stage wickets offered a brief spark, but the scoreboard told a different story.A crowd of 4,700 spectators braved a brisk early‑spring day at the Oval. With Surrey’s top six all boasting international caps, the match was inevitably examined for potential England implications. The first surprise came from Leicestershire’s own Josh Hull, who marked the second anniversary of his solitary Test appearance.Now 21, Hull has shed the rawness of his debut against Sri Lanka in September 2024, showing improved pace and reliability. He opened his season with a wicket in his first over, dismissing Dom Sibley lbw, and later produced a short ball that struck Pope’s helmet and an edge from Smith before being pulled after a brief spell.When Hull returned for a fourth spell deep in the final session, Smith repaid the effort with a brutal low‑flying pull for six, pushing his total past 150 runs. The partnership underscored Surrey’s growing dominance as the day progressed.Jamie Smith’s 166 from 240 balls marked his second century in the opening two Championship games, a knock highlighted by a patient start – one run from his first ten balls – before accelerating with a flurry of boundaries.Smith’s innings unfolded with cautious intent: after a modest 28, he unleashed three fours in as many deliveries, eventually reaching 166 before being caught by Ajaz Patel off Ben Green’s 90th over. The innings demonstrated both resilience and flair, cementing his role as a key run‑maker.For Pope, the century arrived after a seven‑month drought without a first‑class fifty and a solitary century against India at Headingley 21 innings earlier. His 24‑run start, achieved on half the balls faced by Smith, quickly turned into a commanding display as he steadied the innings.Both batsmen left the Oval with the confidence of seasoned internationals. A delayed emergence of Dan Lawrence after Pope’s boundary suggested the wicket was never in serious contention. Ben Foakes contributed a steady 62, while Leicestershire, with an average of 226 for the season, will need to conjure more surprises to bridge the gap.
#his #smith #more
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World Apr 10, 2026

Iranian‑American Congresswoman Yassamin Ansari Demands Trump’s Ouster Over Iran War and Alleged War Crimes

U.S. Representative Yassamin Ansari, the sole Iranian‑American Democrat in Congress, condemned Pres…
Congresswoman Yassamin Ansari – an Iranian‑American representative from Arizona – publicly labeled President Donald Trump an “evil human being” who aspires to be an emperor, and urged that he be removed from office in light of the escalating war with Iran. Ansari, whose parents fled the Iranian regime in the 1970s, issued a statement after Trump’s threat to annihilate Iran’s civilization was followed by a tentative two‑week cease‑fire. She expressed relief for the 90 million Iranians who had spent a harrowing day fearing a nuclear catastrophe. In a phone interview, the 34‑year‑old lawmaker described Trump as “mentally unstable, deeply troubled, and solely self‑interested,” adding that his policies have stripped basic services from average Americans while enriching his family. Ansari warned that Trump’s rhetoric – promising an “America first” stance yet launching strikes on seven nations – constitutes a clear danger to both Iran and the United States, and she called for the cabinet or Congress to intervene under the 25th Amendment. She cited a series of controversial foreign‑policy moves, including the alleged illegal kidnapping of Venezuelan leader Nicolás Maduro, threats to seize Greenland, erosion of NATO credibility, and talk of taking over Cuba. In Iran, she argued, the administration has already committed war crimes by targeting schools, bridges and hospitals. Ansari also highlighted the broader humanitarian fallout: destroyed civilian infrastructure, a collapsing economy, soaring food‑security risks, and mass starvation. She relayed a conversation with a young Iranian doctor who described doubled prices and a dire economic outlook, urging the U.S. to cease attacks on civilian targets. Beyond Trump, the congresswoman announced plans to introduce articles of impeachment against Defense Secretary Pete Hegseth, accusing him of repeatedly violating his oath by facilitating war‑crimes. She criticized Vice‑President JD Vance for not mobilising the cabinet to remove Trump, and warned that the current crisis represents a “five‑alarm‑fire moment” unprecedented in modern American history. Ansari’s remarks come amid a shifting Iranian diaspora sentiment. While some Iranian‑American groups initially celebrated the war’s onset, many now view the U.S. and Israeli bombing campaigns as counter‑productive, fearing they bolster the hard‑line regime. Following the death of Supreme Leader Ayatollah Ali Khamenei, the regime’s grip appears tighter, with his son Mojtaba Khamenei assuming leadership. Ansari stressed that the Islamic Revolutionary Guard Corps remains entrenched, and that the regime continues to exploit civilian suffering for propaganda. She concluded by urging Americans to recognise Iran’s rich cultural heritage and to reject the notion that bombing will liberate its people, emphasizing that the United States must avoid actions that only strengthen an authoritarian government.
#trump #iran #ansari
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Health Apr 10, 2026

US Fertility Rate Hits Record Low, Continuing Two-Decade Decline

The US fertility rate has reached an all-time low, with 53.1 births per 1,000 women aged 15-44 in 2…
The fertility rate in the United States has dropped to an all-time low, continuing a two-decade decline that has seen births in the country drop by nearly 23 percent since 2007.According to data released by the US Centers for Disease Control and Prevention (CDC), the fertility rate for 2025 was 53.1 births per 1,000 women aged 15 to 44, a one percent drop compared to the year before.Experts attribute the change to a variety of factors, from changing priorities among younger women to socioeconomic factors such as anxiety over the cost of living and the affordability of housing and childcare. For example, the average cost of childcare in California is nearly $22,000 per year, while in Alabama it is nearly $8,000.Even though Alabama's costs are lower, the institute noted that $8,000 is the equivalent of 27 weeks of full-time work for a laborer making the minimum wage in the state. In California, it would take a minimum-wage worker 33 weeks to earn enough for childcare costs alone.Falling birth rates have also grabbed the attention of policymakers, with some seeking to roll out tools to incentivize young couples to have children. The administration of United States President Donald Trump promised to embrace pro-birth policies, sometimes referred to as pro-natalist policies.
#US Census Bureau #National Center for Health Statistics #CDC
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