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World Economy Apr 16, 2026

Sudan's Economy in Ruins: 3 Years of War Cost $18.8 Billion and Counting

Three years into its civil war, Sudan faces unprecedented devastation with over 40,000 killed, 14 m…
Sudan, one of the world's most impoverished countries, has been ravaged by a civil war that began in 2023. The conflict, driven by a power struggle between the army and the paramilitary Rapid Support Forces (RSF), has left the nation unrecognizable. Over 40,000 people have been killed, and about 14 million – a quarter of the population – have been forced to flee their homes. Civilian infrastructure across the country has been extensively damaged.“We are not just facing a crisis – we are witnessing the systematic erosion of a country’s future,” Luca Renda, the United Nations Development Programme’s (UNDP’s) resident representative in Sudan, told Al Jazeera. A report by the UNDP and the Institute for Security Studies highlights the scale of Sudan’s economic collapse. Even under the most optimistic scenario of peace being achieved in 2026, Sudan would still lose an estimated $18.8 billion in gross domestic product (GDP) by 2043.The war has had a devastating impact on Sudan's infrastructure and basic services. $6.4 billion was lost in GDP in 2023 alone, reflecting a simultaneous collapse across all major parts of Sudan’s economy. The destruction of infrastructure has triggered displacement and made it difficult for people to secure adequate housing or access basic services. Up to 40 percent of power generation capacity has been lost, and key water infrastructure has been destroyed or seized, cutting communities off from clean water and sanitation.The labor market has also been severely affected, with agriculture – once the backbone of Sudan’s economy – severely hit. Cultivated land has shrunk, adversely impacting rural livelihoods. Average incomes have fallen back to levels last seen in 1992. About 90 percent of manufacturing activity has been destroyed in key economic hubs, eliminating thousands of jobs.The oil industry has suffered significantly, with oil output falling amid widespread instability and infrastructure damage. The Khartoum refinery, which previously processed up to 100,000 barrels per day, has been out of operation since July 2023. Key infrastructure, including pipeline routes carrying crude to Port Sudan, has been hit.The collapse of the Sudanese pound and supply chains has caused a sharp rise in living costs. Food prices have surged, with four pieces of bread now costing about 1,000 pounds, an amount that had previously bought six pieces. Wages have failed to catch up with inflation, leaving many households without access to necessities. Nearly half the population is now experiencing acute food shortages.The economic collapse has had a profound impact on Sudan's people, with 34 million people in need of assistance and 19 million facing acute food shortages. The war has caused death, trauma, and profound loss, casting a long shadow over Sudan’s future and dimming the prospects of a generation whose lives are being shaped by violence. If the conflict continues to 2030, Sudan’s economy in 2043 would be about $34.5 billion smaller than it would have been without the war, and GDP per capita would drop by roughly $1,700.
#sudan #war #economy
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Politics Apr 15, 2026

Israel Accused of 'Engineering Starvation Policy' in Gaza Amid Global Focus on Iran

Israel has escalated its attacks on Gaza and restricted vital aid, leading to a severe humanitarian…
While the world focuses on diplomatic efforts to end the war on Iran, Israel has intensified its military actions in Gaza, resulting in a significant escalation of the humanitarian crisis. The number of aid trucks entering Gaza has drastically decreased, violating the October 2025 ceasefire agreement with Hamas. According to the Government Media Office in Gaza, there have been 2,400 military violations by Israeli forces since then, leading to the deaths of over 700 Palestinians.Recent attacks have resulted in significant casualties, including 11 Palestinians killed on Tuesday, with two being children. The intensity of these attacks spiked during peak regional tensions, with Israeli forces bombing Gaza on 36 out of 40 days between February 28 and April 8, while Israel and the US were engaged in a bombing campaign against Iran.The situation in Gaza has deteriorated to the point where economic experts describe it as an 'engineered, compounded famine'. The number of aid trucks entering Gaza is severely limited, with only 41,714 aid and commercial trucks entering over the past six months, representing just 37% of the agreed-upon 110,400 trucks. The fuel situation is even more critical, with only 1,366 fuel trucks entering out of a promised 9,200.Palestinian officials and economic experts argue that Israel is using a 'technical and commercial deception' to inflate the number of aid trucks entering Gaza. This has led to a severe shortage of basic commodities, with bread production plummeting to 200 tonnes daily, far below the 450 tonnes required to feed the population.The crisis has evolved into a complete collapse of the Palestinian economy, with unemployment soaring to 80% and the destruction of over 160,000 jobs across various sectors. The population has lost its purchasing power, forcing civilians into life-threatening situations.The international community has been urged to pressure Israel to open the crossings and prevent a humanitarian catastrophe. The situation in Gaza remains critical, with 18,000 people still trapped, waiting for life-saving medical treatment abroad.
#Israel #Gaza #Hamas
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World Economy Apr 15, 2026

Manhattan Jury Rules Live Nation and Ticketmaster Monopolized Major Concert Venues, Finding Ticket Overcharges

A federal jury in Manhattan concluded that Live Nation and its Ticketmaster unit maintain a harmful…
In a landmark decision, a Manhattan federal jury determined that Live Nation and its Ticketmaster subsidiary wield a monopolistic grip on major concert venues across the United States. The four‑day deliberation ended Wednesday with a finding that the ticket‑selling platform had overcharged buyers by $1.72 per ticket, a figure that will now be used by a judge to calculate total damages. The case, originally spearheaded by the federal government and later joined by dozens of states, accused Live Nation of leveraging its extensive venue network to stifle competition. Plaintiffs argued that the company barred venues from using alternative ticket sellers and retaliated against those that attempted to do so. Attorney Jeffrey Kessler, representing the states, called Live Nation a “monopolistic bully” that inflates prices for concertgoers. He cited the company’s control of 86% of the concert‑ticket market and 73% of the combined concert‑and‑sports market, underscoring the breadth of its influence. Live Nation, which reported over $22 billion in annual revenue, rejected the monopoly label, insisting that pricing decisions rest with artists, sports teams, and venue owners. Company counsel argued that the firm’s size reflects “excellence and effort,” not antitrust violations. The jury’s finding arrives amid a broader regulatory push. In 2024, the Federal Trade Commission required Ticketmaster to disclose ticket fees up front, prompting the company to eliminate a post‑checkout processing charge. However, a recent Guardian investigation revealed that Ticketmaster introduced alternative fees to offset lost revenue, raising questions about compliance with FTC rules. Earlier, the Department of Justice settled with Live Nation under the Trump administration, creating a $280 million settlement fund for participating states. The agreement also imposed caps on service fees at select amphitheaters and opened the door—though not the obligation—for venues to work with Ticketmaster rivals such as SeatGeek and AXS. More than 30 states declined the settlement and pursued the trial, arguing that the federal government’s concessions were insufficient. During the proceedings, Live Nation CEO Michael Rapino testified, including about the 2022 Taylor Swift ticket fiasco, which he attributed to a cyber‑attack. Internal communications from Live Nation executive Benjamin Baker surfaced, in which he described certain pricing practices as “outrageous” and disparaged customers as “so stupid,” later apologizing for the “very immature and unacceptable” remarks. Live Nation has announced its intention to appeal the verdict, stating confidence that the ultimate outcome will align with the original DOJ settlement framework. The case continues to spotlight the tension between dominant market players and antitrust enforcement in the live‑entertainment industry.
#ticketmaster #antitrust #ftc
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World Economy Apr 15, 2026

Kevin Warsh’s $100 Million‑Plus Net Worth Raises Questions Ahead of Fed Chair Confirmation

Former Fed governor Kevin Warsh, President Trump’s pick to succeed Jerome Powell, disclosed assets …
Kevin Warsh, a former Federal Reserve governor nominated by President Donald Trump to replace Jerome Powell, has filed ethics disclosures showing personal assets well above $100 million. If confirmed, he would become the wealthiest central‑bank leader in U.S. history. The 69‑page filing, released on Tuesday, lists two private‑fund investments each valued at over $50 million in the Juggernaut Fund LP, plus $10.2 million in consulting fees from the investment office of Wall Street titan Stanley Druckenmiller. Many holdings are described only in broad categories because “pre‑existing confidentiality agreements” prevent full disclosure; Warsh has pledged to divest these assets should his nomination be approved. Federal Reserve ethics rules, tightened in 2022, prohibit officials and their families from owning bank stocks, crypto‑related assets, and impose strict limits on buying and selling securities. The Fed’s own standards, set by the Federal Open Market Committee, are stricter than those governing other federal employees. Beyond the large private‑fund stakes, Warsh’s disclosures reveal a portfolio concentrated in emerging sectors such as artificial intelligence and cryptocurrency. Notable entries include the robotic‑coffee‑bar platform Cafe X, wearable‑tech firm Cionic, an Ethereum layer‑two project dubbed “Blast,” and a reversible male‑contraceptive solution called Contraline. Details for many of these positions are omitted, again citing confidentiality. The filing also enumerates assets held by Warsh’s spouse, Jane Lauder—a member of the Estee Lauder family with an estimated net worth of $1.9 billion. Her holdings feature municipal bonds listed simply as “over $1 million.” Liabilities appear modest in comparison: a 2015 mortgage of up to $5 million with JPMorgan Chase at a 2.75% rate, a revolving credit line of up to $5 million from PNC Bank at roughly 6%, and a $1.95 million capital commitment to THSDFS LLC, an interest Warsh has also pledged to divest. Ethics analyst Heather Jones of the Office of Government Ethics confirmed that Warsh’s divestiture promises would bring him into compliance with the Ethics in Government Act. Nonetheless, the breadth of undisclosed holdings is likely to dominate his upcoming confirmation hearing, scheduled for April 21. Political dynamics add further uncertainty. A key Republican senator has signaled intent to block Warsh’s confirmation until a Department of Justice investigation into Powell’s oversight of Fed‑headquarters renovations concludes. Although a federal judge recently dismissed two subpoenas targeting Powell—citing a perceived attempt to pressure him on interest‑rate policy—the Justice Department plans to appeal, potentially delaying any Senate vote. Powell has indicated he will remain “pro tem” if Warsh is not confirmed by the end of his term on May 15, and he could retain his governor seat until 2028 if he chooses.
#warsh #powell #fed
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News Apr 14, 2026

Israel-Palestine Conflict Escalates: Al-Aqsa Reopens Amid Settler Violence and Gaza Strikes

The Al-Aqsa Mosque in Jerusalem reopened after 40 days of closure, but Israeli security presence an…
The Al-Aqsa Mosque compound in Jerusalem reopened on April 9, allowing over 100,000 Muslim worshippers to perform Friday prayers for the first time since the conflict began on February 28. However, the celebrations were marred by an overwhelming Israeli security presence and police violently detaining Palestinian Christian scouts during processions.Israeli National Security Minister Itamar Ben-Gvir stormed the Al-Aqsa compound under police protection on April 7 and 12, performing Jewish religious rituals and declaring himself the 'master of the house.' This move was condemned by Jordan's Foreign Ministry as a violation of the site's status quo.In the Gaza Strip, Israeli air strikes and artillery fire continued despite the Iran ceasefire. On April 8, Israeli forces killed Al Jazeera journalist Mohammed Wishah in a drone strike, bringing the total number of Palestinian media workers killed since October 2023 to at least 262.The Gaza Ministry of Health reported that 754 Palestinians have been killed and over 2,100 injured since the October ceasefire, with a cumulative official death toll of 72,333 since October 7, 2023. The humanitarian crisis deepens with long bread lines and insufficient aid, while the Nasser Medical Complex faces fuel shortages and rationed electricity.Diplomatic efforts continue, with Hamas discussing the implementation of the ceasefire's second phase with the Board of Peace envoy in Cairo. However, settler violence and Israeli military actions persist, with 34 new settlements approved across the West Bank, bringing the total to 102 under the current government.
#israeli #april #gaza
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Politics Apr 12, 2026

Benin's Presidential Election: Romuald Wadagni Poised for Victory Amid Security Concerns

Benin is holding its presidential election with Finance Minister Romuald Wadagni expected to win du…
Benin is voting in its presidential election, with long-serving Finance Minister Romuald Wadagni poised to win in the absence of a major challenger. Polls opened at 7am (06:00 GMT) on Sunday and will close at 4pm (15:00 GMT).More than 7.9 million people are registered to vote, including 62,000 in the diaspora. Wadagni, a 49-year-old former Deloitte executive, is backed by the two main parties in the governing coalition and the outgoing president, Patrice Talon.Wadagni is being challenged by Paul Hounkpe, an opposition figure and former culture minister, whose campaign has been low-key. The new president will have to address major challenges, including a huge gap between the poor and well-off, with the poverty rate estimated at more than 30 percent.Benin’s economic growth will also depend on improving security and stabilising the country, particularly in the north where JNIM, an al-Qaeda affiliate, has made major gains. Wadagni has promised to deliver on bread-and-butter issues like expanding access to potable water and guaranteeing emergency healthcare.Provisional results are expected on Tuesday, with many people expressing concerns about the election process. Some voters have spoken of the presidential election as a formality and urged Wadagni to deliver on his platform, including promoting job opportunities for young people and improving security in the north.
#Benin #Romuald Wadagni #Presidential Election
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Entertainment Apr 10, 2026

The Ultimate Superhero Film Rankings: From The Dark Knight to Logan

A critic examines the challenges of ranking superhero movies, weighing influence, emotional depth, …
Compiling a definitive Top 10 of superhero movies proves as elusive as “herding thunder through a spreadsheet.” Critics must decide whether to prioritize cinematic craftsmanship, cultural influence, or the raw emotional resonance that these films generate.Over the past two decades the genre has diversified dramatically, spanning crime‑driven Batman sagas, family‑friendly adventures like The Incredibles and Guardians of the Galaxy, political allegories such as Captain America: The Winter Soldier and Black Panther, and experimental visual feats exemplified by Spider‑Man: Into the Spider‑Verse. This breadth makes any hierarchical ranking inherently subjective.Influence remains a key metric. Richard Donner’s Superman (1978) demonstrated that audiences would pay to see a man fly, paving the way for half a century of cape‑wearing blockbusters. Similarly, Iron Man reshaped the modern blockbuster formula, launching the Marvel Cinematic Universe and redefining franchise economics.Emotional impact also matters. Logan stands out as a bruised, mournful western that subverts the genre’s usual invincibility myth, presenting a weary Wolverine confronting mortality. Its rawness offers a rare catharsis rarely found in superhero narratives.Event status cannot be ignored. Avengers: Endgame turned its opening weekend into a cultural ritual, with multiplexes resembling revival tents where audiences collectively cheered, gasped, and celebrated. Even a “colder” analysis must acknowledge that the film transformed anticipation into a generational sacrament.Visual innovation is another hallmark. The Oscar‑winning animation Spider‑Man: Into the Spider‑Verse made comic‑book ink feel alive, delivering a sensory overload that redefined what animated superhero storytelling could achieve.Cultural relevance caps the discussion. Black Panther emerged as a modern myth that forced critics to confront race, identity, and heritage within blockbuster fantasy, expanding the perceived centre of the superhero universe beyond the traditional Batman, Superman and Spider‑Man triad.While outliers like Alex Garland’s Dredd and Guillermo del Toro’s Hellboy II: The Golden Army deserve mention, the critic’s final Top 10 list reflects a balance of influence, artistry, and cultural weight:1. The Dark Knight2. Spider‑Man: Into the Spider‑Verse3. Superman (1978)4. The Incredibles5. Spider‑Man 26. Dredd7. Spider‑Man: No Way Home8. Avengers: Endgame9. Spider‑Man10. Logan
#The Dark Knight #Spider-Man: Into the Spider-Verse #Logan
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Video Apr 10, 2026

Extensive Damage Unveiled in Beirut After Recent Israeli Airstrikes

A new assessment reveals that Beirut has suffered widespread structural damage following a recent w…
A fresh assessment released after the latest wave of Israeli airstrikes confirms that Beirut has endured extensive structural damage. The report, sourced from local authorities, outlines the breadth of destruction across residential districts and key infrastructure.While precise casualty figures remain unconfirmed, officials emphasize that the scale of the devastation will require substantial reconstruction efforts and could exacerbate the humanitarian situation in the capital.International observers note that the heightened damage underscores the escalating intensity of the conflict in the region, raising concerns about further destabilisation and the need for coordinated relief responses.
#scale #beirut #destruction
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Politics Apr 08, 2026

Netanyahu Rejects Lebanon Inclusion in US‑Iran Ceasefire, Raising Regional Tensions

Israeli Prime Minister Benjamin Netanyahu affirmed Israel's support for the U.S. pause on strikes a…
Israel's prime minister, Benjamin Netanyahu, announced that Jerusalem backs the United States' decision to suspend aerial attacks on Iran for a two‑week period, while emphasizing that the truce excludes Lebanon. The statement, posted on X on Wednesday, aligns Israel with President Donald Trump's objective of neutralising Iran's nuclear, missile and terror capabilities across the region. Netanyahu noted that Washington has communicated its commitment to these goals ahead of the forthcoming negotiations scheduled for Friday in Islamabad, Pakistan. He reiterated that the ceasefire's scope is limited, explicitly stating that "the two‑week ceasefire does not include Lebanon." The Israeli clarification arrives after Pakistani Prime Minister Shehbaz Sharif declared that the United States, Iran and their allies had reached an "immediate ceasefire everywhere, including Lebanon and elsewhere," a move he said would take effect instantly. This contrasting messaging highlights a potential rift among allies regarding the breadth of the pause in hostilities. While the United States appears to pursue a broader de‑escalation, Israel's exclusion of Lebanon signals lingering concerns over Hezbollah's involvement and the security of its northern border. Analysts warn that the disagreement could complicate diplomatic efforts in Islamabad, where regional actors will seek to solidify a framework that addresses Iran's nuclear ambitions without igniting further conflict in Lebanon. Further updates will follow as the situation develops.
#Benjamin Netanyahu #United States #Iran
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