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Djibouti, a one‑million‑strong nation perched on the Bab al‑Mandeb Strait, is set to hold its presidential election on April 10. All signs point to incumbent Ismail Omar Guelleh securing a sixth term with little genuine opposition. The country’s strategic location—linking the Red Sea to the Gulf of Aden—makes it a linchpin for global trade and a magnet for foreign military installations. The United States, France, China, Italy and Japan all maintain bases there, earning Djibouti the reputation of hosting the highest concentration of overseas military sites. Officially, Djibouti recognizes French and Arabic, while Somali and Afar are widely spoken among the two main ethnic groups, which together comprise roughly 95% of the population. Islam is practiced by about 94% of residents, and the Djiboutian franc remains the national currency. According to the International Foundation for Electoral Systems, 243,471 citizens—about a quarter of the population—are registered to vote, up from roughly 215,000 in the 2021 poll. Historical turnout averages around 67%. IGAD’s eight‑nation bloc has dispatched 17 observers from Ethiopia, Kenya, Somalia, South Sudan and Uganda to monitor the process, with a post‑vote statement slated for April 12. Ismail Omar Guelleh, 78, leads the ruling People’s Rally for Progress. After parliament lifted the 75‑year age ceiling in November and abolished term limits back in 2010, Guelleh is now eligible for another term. Critics label his rule as authoritarian, yet they also acknowledge the relative stability he has maintained in a volatile region. Guelleh’s administration has turned Djibouti’s lack of natural resources into a revenue engine by signing infrastructure deals with China and leasing military facilities to Western powers. In 2017, Finance Minister Ilyas Dawaleh estimated that the bases generate roughly $125 million annually, with the United States contributing nearly half of that sum. The U.S. installation, Camp Lemonnier, remains the only permanent American base on the continent. The sole challenger, Mohamed Farah Samatar, runs under the Unified Democratic Centre after breaking away from the ruling party. His campaign slogan—“another Djibouti is possible”—has resonated only modestly, and observers such as Horn‑of‑Africa expert Sonia le Gouriellec describe the contest as a “token competition”. Human‑rights advocates echo this sentiment, calling the election a “masquerade” and a foregone conclusion. Key issues dominate the discourse. Democratic freedoms have eroded; opposition parties have boycotted elections since 2016, and Guelleh captured over 90% of the vote in 2021. The country ranks 168th out of 180 in the 2025 Reporters Without Borders press‑freedom index, and allegations of corruption and nepotism persist, including speculation that Guelleh’s stepson, Naguib Abdallah Kamil, is being groomed for succession. Economically, Djibouti’s reliance on Chinese financing is creating fiscal strain. By 2026 the nation owed China roughly $1.2 billion in loans, prompting the IMF to label its debt profile “in distress and unsustainable”. Massive infrastructure projects—most notably a railway to Ethiopia—have failed to curb poverty, with 73% of the youth unemployed. The country’s lifeline is its port system, which handles virtually all of Ethiopia’s maritime trade, amounting to about $2 billion in annual revenue. Ethiopia’s recent flirtation with a Somaliland port deal threatened Djibouti’s monopoly, though a Turkey‑mediated agreement in late 2024 redirected Ethiopia toward a “reliable and sustainable” sea corridor with Somalia. In sum, the upcoming election is less about a competitive political showdown and more about reaffirming a status quo that intertwines Djibouti’s geopolitical leverage, foreign‑military income, and mounting debt challenges.

In the Dutch town of Veldhoven, social‑housing operator Woonstichting ’thuis has installed the first of its “rain fences” – garden fences that double as rain‑water storage units.Homeowners Theo and Willy Bolder report that the fence’s linked plastic blocks can retain up to 2,160 litres of water, lowering the load on municipal drains during intense rainstorms and supplying the garden when summer droughts hit."The rain is getting heavier and heavier nowadays, and if you have a cloudburst the drainage isn’t good and it comes up through the toilet," Willy explained, highlighting the growing problem of surface runoff in a country where average temperatures have risen by 1 °C since 2000 and cities are about 5 °C warmer than surrounding rural areas (KNMI data).Recent climate events underscore the urgency: the 2021 Limburg floods saw more than 15 cm of rain fall in 48 hours, causing the River Geul to burst its banks, while the historic 1953 North Sea flood claimed at least 1,800 lives and spurred the iconic Delta Works.Deputy mayor Rik Thijs of nearby Eindhoven stresses that traditional sewage capacity cannot keep pace with these extremes. "We need to capture as much as possible on the surface," he said, pointing to complementary measures such as resurfacing the old Gender river, creating wadi pools, and installing green roofs.The rain‑fence concept was developed by Harry den Hartigh of SunnyRain Solutions, whose personal connection to the 1953 disaster in Zeeland inspired a design that merges functionality with aesthetics: a fence that stores water while enhancing the garden’s look.Academic Jannes Willems, an urban‑planning professor at the University of Amsterdam, notes that simple, scalable solutions like rain‑water harvesting can offset the Netherlands’ “water‑shortage” concerns during hot summers, especially as the national water system was originally built to discharge water as quickly as possible.For property managers, the benefits extend beyond environmental stewardship. Matthijs Hulsbosch, sustainability manager at Woonstichting ’thuis, says the fences help protect the complex’s 11,000 homes from water‑related damage, potentially saving significant repair costs and reducing tenant inconvenience.Neighbourhood manager David Hearn adds that the pilot also improves community relations, turning a simple fence into a shared asset that residents are eager to adopt.

Federal weather data reveal that March 2026 was the hottest March ever recorded across the continental United States in a 132‑year dataset, with average temperatures soaring to 50.85 °F (10.47 °C), a staggering 9.35 °F (5.19 °C) above the 20th‑century March norm. This anomaly eclipsed the previous record of an 8.9 °F excess set in March 2012, marking the most extreme departure from average temperatures for any month in U.S. history. The month’s daytime highs were equally extreme, averaging 11.4 °F above the long‑term benchmark—almost a degree hotter than the typical April high, according to the National Oceanic and Atmospheric Administration (NOAA). Such extreme warmth is part of a broader trend: six of the ten most abnormal heat months have occurred within the last decade, and February 2026, at 6.57 °F above normal, ranked as the tenth most anomalous month on record. “The March heat wave was unprecedented across the United States,” noted Shel Winkley of Climate Central, emphasizing the sheer volume of records broken. In just two days (March 20‑21), roughly one‑third of the nation experienced temperatures that would have been virtually impossible without human‑induced climate change, according to Climate Central’s analysis. Data compiled by meteorologist Guy Walton shows that more than 19,800 daily temperature records were surpassed in March, and over 2,000 locations set new monthly heat records—a volume of record‑breaking events usually spread across entire decades. Jeff Masters of Yale Climate Connections warned that “climate change is kicking our butts,” adding that the January‑March period was the driest on record for the contiguous United States. The combination of extreme heat and historic dryness threatens water supplies, agriculture, river navigation, and overall ecosystem health. Looking ahead, both the European Copernicus climate service and NOAA project the formation of a “super” El Niño in the coming months, with the potential to amplify global temperatures into late 2026 and 2027. Meteorology professor Victor Gensini of Northern Illinois University cautioned that such an event could push the planet to new record‑high temperature thresholds.

At least 50 new accounts on Polymarket, a prediction market platform, made substantial bets on a US-Iran ceasefire on Tuesday, resulting in profits of hundreds of thousands of dollars. These bets were placed despite escalating rhetoric from Donald Trump and few signals of an imminent deal.An analysis of blockchain data shows that one wallet, created on Tuesday at 10am ET, placed roughly $72,000 in bets at an average price of 8.8¢ and cashed out for a profit of $200,000. Another wallet, which joined the platform on April 6, won $125,500.The trading pattern of newly created accounts placing strategic, well-timed bets has raised questions about insider trading and the need for regulation in prediction markets. Bipartisan groups of senators and representatives have introduced legislation to broaden the definition of insider trading to include prediction markets.“This is why these markets need regulation,” said Todd Phillips, a professor at Georgia State University. “We can’t have people trading with inside information and expect other traders are going to be OK being in these markets.”Polymarket and other industry players, including Kalshi, have acknowledged the need to broaden the definition of insider trading on their platforms.

The recent ceasefire between the United States and Iran may provide temporary relief, but the oil crisis triggered by their conflict is far from over. After 40 days of fighting, the two nations agreed to a two-week ceasefire, with negotiations set to begin in Pakistan's capital, Islamabad.One of the key points in Iran's 10-point proposal is allowing shipping to resume through the Strait of Hormuz, a critical waterway through which 20 percent of the world's oil and gas is shipped during peacetime. The strait has been effectively closed since the start of the war, causing global oil and gas prices to soar.Following the announcement, oil prices dropped to $92 on Wednesday, down from over $110 for much of the war. However, delays in restarting production and transport mean the energy crisis is far from over. For ships to continue operating, they need certainty about security during the next two weeks of the ceasefire.Even with the waterway reopened, it will take weeks for large oil tankers – now scattered thousands of miles away – to return to the Gulf to collect the millions of barrels sitting in large reservoirs. With very few tankers able to load or unload and their onshore storage full, producers began shutting wells, causing regional oil output to plummet despite efforts to reroute limited volumes via overland pipelines.Economists warn that the true impact on grocery bills will likely persist throughout 2026 and into 2027. Additionally, it will take years for the Gulf energy industry to repair facilities damaged or destroyed during the war.Shipping data shows that combined exports from Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates fell from 469 million barrels in February to 263 million barrels in March – a decline of 206 million barrels, or 44 percent. Iraq's crude exports have been hit the hardest, falling 82 percent from 94m barrels in February to 17m in March.The 206 million barrels of Gulf oil lost since the start of the war would fill approximately 103 Very Large Crude Carriers (VLCCs), the workhorse supertankers of the global energy trade. A single VLCC stretches nearly 330 metres (1,080 feet) in length, nearly the same height as the Eiffel Tower in Paris.To put that in more practical terms, if you drove a pick-up truck that averages 24 miles per gallon (or 10 litres per 100km), one barrel of crude oil would carry you about 730km or 450 miles. That is about the distance from New York City to Cleveland, Ohio.For much of the war, oil has traded above $100 per barrel, hitting a peak of nearly $128 on April 2. The value of 206 million lost export barrels at various oil prices is significant, with Brent crude being the global benchmark.

János Bődey's photograph of two elderly ladies dressed as bride and groom in a Hungarian retirement home has captured the essence of joy and love in old age. The image is part of his series Carnival at the Retirement Home, which showcases the fulfilling lives of pensioners who have overcome difficulties.In Hungary, the average pension is approximately £500 a month, making it challenging for retirees to afford leisure, culture, or travel. Additionally, the health of Hungarian pensioners often falls short of Western standards, and securing a spot in a retirement home can be a lengthy process.Bődey's subjects, Magdolna, 87, and Irén, 86, have lived with their husbands for over 50 and 62 years, respectively, until their spouses passed away. They attribute their long and happy lives to a combination of good genes, an active lifestyle, and a healthy marriage.The photographer's series aims to serve as a role model for both peers and the middle generation, demonstrating that it's possible to lead a fulfilling life in old age. The elderly ladies recommend a healthy, active life with plenty of walking and traveling, as well as avoiding debt.Bődey's work is a departure from his usual coverage of conflicts and social issues. He finds inspiration in the happiness and playfulness of the carnival celebrations, which begin in February to mark the end of winter.The photographer's experience has taught him the importance of preparing for retirement by gathering emotional and financial resources, setting goals, and being creative. His series has been shortlisted for the Sony World Photography Awards 2026 and will be exhibited at Somerset House in London from April 17 to May 4.

The recent US-Iran ceasefire agreement has not led to a significant change in the situation for ships trying to pass through the Strait of Hormuz. According to shipping analysts, there will be no 'mass exodus' of ships through the strait, despite provisions for a temporary reopening of the crucial maritime channel.The ceasefire agreement 'doesn't change the situation in the sense that Iran is still in control,' said Richard Meade, the editor-in-chief at maritime data provider Lloyd's List Intelligence. 'It still requires ships to essentially seek permission, and that's the key. That means that nothing has changed – no permission, no transit.'An estimated 2,000 ships and 20,000 seafarers have been trapped in the Persian Gulf since the outbreak of war at the end of February, according to the UN, unable to pass through the strait to continue their journeys. The trapped vessels include oil and gas tankers, bulk carriers, and cargo ships as well as six tourist cruise liners.Under Iran's 10-point ceasefire plan, the country's foreign minister said safe passage through the strait would be allowed under Iranian military management. However, analysts believe that Iran will continue to control the flow of traffic, and few expect traffic to return to normal daily averages during the two-week ceasefire.The head of the UN shipping agency, the International Maritime Organization (IMO), welcomed the ceasefire and called for a safe evacuation of seafarers from the Gulf. Arsenio Dominguez, the secretary-general of the IMO, said: 'I am already working with the relevant parties to implement an appropriate mechanism to ensure the safe transit of ships through the strait of Hormuz. The priority now is to ensure an evacuation that guarantees the safety of navigation.'

Shares of Close Brothers, a UK-based specialist lender, jumped 17% on Wednesday following the bank's announcement that it can easily absorb the cost of a £320m compensation bill related to the car finance scandal. The Financial Conduct Authority's (FCA) compensation scheme, finalized last week, aims to address the issue of drivers being overcharged for loans due to commission payments between lenders and car dealers.The bank expects to pay out approximately £320m in compensation, which is 'broadly similar' to previous estimates and only £26m more than the £294m already set aside. Close Brothers stated that this additional amount can be 'comfortably absorbed by existing capital resources,' ensuring the group remains well-positioned to continue its strategy.The FCA's compensation scheme estimates that victims will receive an average payout of £830. This development has provided relief to investors, especially after concerns were raised by short seller Viceroy Research, which suggested that Close Brothers might need to significantly increase its provision for car finance losses.In contrast, Close Brothers' rival, FirstRand, announced hours earlier that it would sell its UK operations, citing frustration with the FCA's compensation scheme, which it described as 'deeply flawed.' FirstRand stated it would need to raise an extra £510m to cover compensation costs, taking its total provisions to £750m, and potentially slash its earnings forecast and offload its UK business.

UK house prices experienced a decline in March, as the housing market lost momentum due to uncertainty surrounding the conflict in the Middle East and its potential impact on the economy and interest rates. Figures from Halifax showed a 0.5% dip in property prices compared to the previous month. As a result, the average price of a home slipped back below £300,000 to £299,677, after initially crossing the £300,000 milestone in January. The pace of annual property price growth also eased to 0.8%, down from 1.2% the previous month. Halifax cited uncertainty over the conflict in the Middle East as a factor that has dampened the initial momentum in the market seen at the start of the year. Concerns about higher energy prices have pushed up inflation expectations, leading to a rise in mortgage rates. Expectations that the Bank of England could raise interest rates several times this year have driven up the cost of fixed-rate mortgages. However, City traders adjusted their forecasts for rate rises after the US and Iran agreed to a two-week conditional ceasefire. The choice of mortgage deals has shrunk in recent weeks, with hundreds of mortgage products pulled from the market. The average two-year fixed residential mortgage rate moved upwards to 5.84% by the end of March, the highest since July 2024. Amanda Bryden, head of mortgages at Halifax, noted that the effect on house prices will largely depend on how long-lasting these pressures prove to be and the wider implications for the economy and unemployment. She emphasized that mortgage rates are a key factor for buyers, particularly those getting on the ladder for the first time.