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HSBC’s chief executive, Georges Elhedery, told Bloomberg Television at a conference in Hong Kong that the ongoing Iran war is undermining global economic confidence. He warned that the conflict’s duration could amplify price pressures on commodities such as oil, refined products, fertilisers and metals, extending the impact far beyond the Middle East. Brent crude, which had briefly risen above $100 per barrel, slipped 0.9% to $98.5 per barrel after a U.S. blockade of Iranian ports took effect. Negotiations between the United States and Iran are set to resume in Islamabad, but no agreement was reached in the previous talks. In London, the FTSE 100 edged up 22 points (0.21%) to 10,605, even as Imperial Brands led the losers, citing a “more uncertain geopolitical and macro environment.” The UK recruitment firm PageGroup warned that the Middle East conflict is creating an “increasingly uncertain outlook” for the rest of the year, with salaries lagging behind 2022‑2023 levels across the UK, Europe, the Middle East and Asia. HSBC holds a 31% stake in Saudi Awwal Bank, making it one of the European banks most exposed to the region, which contributes roughly 4% of its pre‑tax profit according to JP Morgan analysts. Nevertheless, Elhedery noted that capital outflows from the Middle East have been “very benign” so far. Since the U.S. and Israel began striking Iran on 28 February, some affluent Middle‑Eastern investors have started exploring relocation to financial hubs such as Singapore and Hong Kong. HSBC chair Brendan Nelson stressed that a peace settlement is essential to restore global energy flows, warning that prolonged disruption would lift inflation and suppress growth. “The longer the disruption continues, the more the indirect effects from higher energy costs will lift inflation and depress growth,” he said at the HSBC Global Investment Summit. Manufacturers reliant on petroleum‑derived synthetic fabrics, such as sportswear maker Castore, reported cost increases of 10‑15% and warned that continued conflict could push those costs onto consumers. Co‑founder Tom Beahon described price volatility as “very difficult to plan,” with daily swings of up to 40%. Logistics are also strained: airlines have reduced flights and vessels remain stranded in the Strait of Hormuz, complicating product shipments. Castore hopes that a resolution in the coming weeks will limit the impact on customers. Virgin Atlantic chief executive Corneel Koster told the Financial Times that jet‑fuel prices have more than doubled since the war began, adding that “some of this disruption to global energy prices will be here to stay.” UK Chancellor Rachel Reeves, speaking at the IMF and World Bank spring meetings, called for coordinated economic action, stating that the Iran conflict must become “a line in the sand” for how the world handles crises and instability.

Manchester City's recent comprehensive win over Chelsea has brought them within six points of Premier League leaders Arsenal, reigniting the title race. A viral social media meme featuring a City fan mocking Arsenal's struggles has captured the attention of football fans worldwide.The fan in question was seen mimicking a celebratory sip from an empty plastic bottle adorned with an Arsenal logo, leaving City's supporters in laughter and making viewers wonder if Arsenal have 'bottled it' once more. This comes after Arsenal's dramatic stumble over the past few weeks, including a loss to 11th-placed Bournemouth in the Premier League.Arsenal's quadruple hopes have taken a hit, with the team suffering three consecutive losses in local competitions. Manager Mikel Arteta acknowledged that his players are hurting but need to 'take it on the chin' and 'embrace the challenge' ahead. The team's fate is now as much in Manchester City's hands as it is in their own.Meanwhile, Manchester City's manager, Pep Guardiola, remains alert to the threat posed by Arsenal despite their recent blip. Guardiola emphasized the need for respect towards Arsenal, stating that beating them twice in a few weeks will be extremely difficult. City are favourites to lift the FA Cup and could still bag their 11th league trophy, with some experts predicting a domestic treble for the Sky Blues.

Rachel Zegler has hailed the accessibility of Evita's free balcony scene, which became a landmark moment for London sightseers during the show's run last summer. The scene, which featured Zegler performing 'Don't Cry for Me Argentina' from the balcony of the London Palladium to crowds gathered on the street below, was a groundbreaking moment in theatre. At the Olivier awards on Sunday night, Zegler delivered the song again – this time on the stage of the Royal Albert Hall – and took home the award for best actress in a musical. Host Nick Mohammed noted that Zegler had become 'a new landmark for London sightseers' during Evita's run, allowing people who hadn't bought a ticket to watch the performance live for free on a giant screen. Zegler described Evita's director, Jamie Lloyd, as a 'genius' for staging the scene in such a way, giving 'a piece of theatre, just in the street' to young people who may not be able to afford West End ticket prices. 'It's so beautiful that Jamie Lloyd made such an accessible moment of theatre for people to walk by and witness something really, really cool,' she said. The actor, whose musical films include West Side Story and Snow White, praised Londoners for making her feel welcome and described those who had waited outside to watch the balcony scene as being 'so giving with their energy and love'. Zegler also acknowledged the difficulty of replicating the balcony scene, but she and Andrew Lloyd Webber have spoken of their hope that Evita will transfer to Broadway. Evita picked up two awards from five nominations at the Olivier awards, with choreographer Fabian Aloise also recognised for his work. The show was beaten to the prize for best musical revival by Into the Woods at the Bridge theatre.

Rory McIlroy has joined an elite club by defending his Masters crown at Augusta National, becoming just the fourth golfer ever to win the tournament back‑to‑back. The Northern Irish star edged out world No. 1 Scottie Scheffler by a single shot, marking his sixth major championship and cementing his place in golf history. Speaking after the victory, McIlroy emphasized that the win is a stepping stone, not a final destination. “I just won my sixth major and I feel like I’m in a really good spot with my game and my body,” he said. “I still have things I want to achieve and I want to enjoy the journey.” His parents, Rosie and Gerry, who missed the 2025 ceremony, were present this year, adding a personal dimension to the triumph. “It’s amazing to have them here,” McIlroy remarked, noting that their presence reinforced his motivation and gratitude. Despite the celebratory mood, McIlroy’s performance was far from flawless. He hit only 55% of fairways and recorded 48 of 72 greens in regulation over four rounds. A six‑shot lead after 36 holes evaporated by the 54‑hole mark, and a wayward drive into the trees on the final tee underscored the pressure he faced. Reflecting on the difficulty of the feat, McIlroy admitted, “I don’t make it easy. I used to win by eight shots in my early 20s. This year I realised it’s just really difficult to win the Masters.” He described the moment of uncertainty on the 18th tee as “the greatest stress,” highlighting the thin margin between victory and defeat. Looking ahead, McIlroy signaled that his ambitions extend beyond the Masters. While he plans to take a brief break, he dismissed the notion of a post‑victory lull, stating, “I don’t think I’ll go through that lull of motivation… I still want to enjoy it as well.” With his back‑to‑back Masters titles now secured, the golfer’s next targets remain speculative, but his confidence suggests a continued push for further major victories and possibly a career Grand Slam.

Rory McIlroy clinched a second Masters victory on Sunday, edging out the field by a single stroke at 12‑under‑par to become only the fourth player in history to successfully defend the green jacket, joining Jack Nicklaus, Nick Faldo and Tiger Woods.The 36‑year‑old Northern Irishman entered Augusta National after ending his own “Masters hoodoo” in 2025, a win that completed his career Grand Slam and placed him among the elite six‑time major champions, surpassing Seve Ballesteros in the process.In a final round that tested his nerves, McIlroy recovered from a six‑shot lead that vanished after 54 holes. A double‑bogey on the 4th and a further slip on the 6th sparked talk of a potential collapse, but the champion rallied, birdieing the 7th and 8th before delivering a decisive birdie on the 13th after a 350‑yard drive on the par‑five 12th.McIlroy’s composure under the blazing Georgia sun and gusty winds was evident as he navigated the closing holes, posting pars on 15, 16 and 17 and securing the win even if he had finished with a bogey on the 18th.Scottie Scheffler, the world No 1, finished runner‑up at 11‑under‑par. Despite an early birdie on the 3rd and a stretch of 11 consecutive pars, Scheffler’s putter faltered on the final holes, leaving him unable to challenge McIlroy’s lead.The third‑place tie at 10‑under‑par featured Tyrrell Hatton, Justin Rose, Russell Henley and Cameron Young, highlighting the depth of the field.During the prize ceremony, an emotional McIlroy thanked his parents, stating, “I wanted to come back here and prove last year wasn’t a fluke. The Masters continues to be the shining light of the majors, and I am honoured to win it again.”Analysts note that defending a Masters title is notoriously difficult; McIlroy’s triumph not only cements his status among the sport’s greats but also demonstrates the mental resilience required to dominate at Augusta, a venue often described as a “psychological torture chamber.”Looking ahead, McIlroy hinted that Augusta may become his “playground,” suggesting that his focus will now shift to maintaining this momentum across the remaining majors of the season.

Rory McIlroy faced a daunting challenge on the 12th hole at Augusta National Golf Club during the Masters Tournament. The hole, known as Golden Bell, had a pin positioned precariously on the far right edge, making it one of the most difficult holes in tournament golf. McIlroy decided to ignore Jack Nicklaus's advice to play for the middle of the green and instead went for the pin, a decision that could have easily backfired.Nicklaus, a legendary golfer and course designer, had previously advised McIlroy to avoid going for the pin if it's on the right side of the green, suggesting that players should prioritize making par over attempting a challenging shot. However, McIlroy chose to take a different approach, hitting his shot over the water and onto the green, where it bounded towards the cup.The crowd held its collective breath as McIlroy lined up his birdie putt, which was approximately seven feet left of the hole. With the wind whipping through the trees and the pressure mounting, McIlroy remained focused and sank the putt with ease, securing a crucial birdie that helped him stay in contention.This moment proved pivotal in McIlroy's victory, as he managed to navigate the challenging 12th hole successfully and maintain his position at the top of the leaderboard. McIlroy's win marked his continued dominance in the golf world, showcasing his skill and mental toughness under pressure.

A devastating stampede at Haiti's iconic Citadelle Laferriere has claimed the lives of at least 30 people, with authorities warning that the death toll may rise. The tragedy unfolded on Saturday during an annual celebration at the early-19th-century fortress, a popular tourist attraction and UNESCO World Heritage Site.The stampede occurred at the entrance to the site, where a large crowd of students and visitors had gathered. Heavy rain exacerbated the disaster, leading to a chaotic and deadly situation. Haiti's Prime Minister, Alix Didier Fils-Aime, extended his condolences to the bereaved families, assuring them of his solidarity during this difficult time.The Culture Minister, Emmanuel Menard, confirmed the deaths of 30 people, stating that the injured are receiving medical care and a rescue team is searching for any missing persons. The exact number of those injured remains unknown. This incident highlights the ongoing challenges faced by Haiti, which has struggled with widespread gang violence and deadly disasters in recent years, including fuel tank explosions and earthquakes.

Two planes of Iranian negotiators, many from the Islamic Revolutionary Guard Corps, arrived in Pakistan to confront a 21‑hour deadline for talks that span two decades of nuclear tension and new strategic concerns such as control of the Strait of Hormuz and U.S. compensation for past attacks.The United States responded with a delegation that included Vice‑President JD Vance and roughly 300 officials, signaling a recognition that Iran’s seasoned team—featuring figures like Ali Bagheri Kani and former chief negotiator Abbas Araghchi—was well‑prepared.During the marathon, Vance held multiple conversations with former President Donald Trump and, notably, with Israeli Prime Minister Benjamin Netanyahu. Iranian officials claimed the Netanyahu call hardened the U.S. stance, underscoring the delicate diplomatic balance.Veteran negotiators Robert Malley and Aaron David Miller warned that the time frame was either too long for a mere reiteration of rejected demands or far too short for genuine negotiation, highlighting a strategic misreading of Tehran’s position.Vance concluded the session by presenting what he described as a “best and final offer,” leaving the door open for further dialogue pending Iranian acceptance.Meanwhile, President Donald Trump signaled an intention to impose a blockade of the Strait of Hormuz—a move that could inflate global oil prices and further destabilize the region.Iran’s objectives included drafting a memorandum of understanding to extend a tentative ceasefire and address three core issues: an end to Israel’s offensive in Lebanon, a governance framework for Hormuz shipping, and the disposition of its highly enriched uranium stockpile, whether through UN‑supervised down‑blending or export to a third party.Vance emphasized the need for an affirmative Iranian commitment not to pursue a nuclear weapon or the rapid pathways to one, a demand that intersects with ongoing debates about Iran’s sovereign right to enrich uranium—a capability currently null after recent U.S. strikes.In practice, Iran is already exercising selective control over Hormuz traffic, allowing 2 million barrels of Iraqi oil and 4 million barrels of Saudi oil to pass, a tactic described by an Iranian parliamentarian as a “continuous atomic bomb” that provides strategic depth.Beyond the diplomatic impasse, Iran confronts severe domestic challenges: hyperinflation approaching triple‑digit levels, an internet blackout threatening economic activity, and a political climate marked by assassination threats. These pressures compound the difficulty of achieving a sustainable peace settlement.

The new academic term began in Gaza in late March, but the usual bustle of students catching buses to campus has been replaced by the stark reality of displacement.Israel’s relentless campaign has turned most university buildings into rubble and shelters, forcing a shift to online learning that many students in tents cannot access due to lack of electricity, water, food and reliable internet.Against this backdrop, a glimmer of hope has emerged. In the overcrowded al‑Mawasi district of Khan Younis, the US‑based NGO Scholars Without Borders has erected a makeshift “University City,” a wooden and metal structure designed to bring students back into a real lecture hall."Our mission is to bring education closer to students in a better environment," said Hamza Abu Daqqa, the organisation’s Gaza representative.The facility houses six halls that can accommodate up to 600 students each day. Powered by solar panels, it offers internet access, improvised green spaces and even a small business incubator to help students explore entrepreneurial ideas.University City operates on a rotating weekly schedule, allocating each day to a different institution so that multiple universities can share the limited space. Priority is given to courses that require hands‑on instruction, such as practical labs and discussion‑based classes.Prominent Gaza institutions—including the Islamic University, Al‑Azhar University and the Palestine College of Nursing—have already begun using the site.For many students, this is the first time in years they have set foot in a space that feels like a real university. "When I saw this place, I was amazed," said 20‑year‑old nursing student Mariam Nasr, who fled Rafah and now travels four kilometres on foot to attend classes.Another first‑year student, Amr Muhammad, echoed the sentiment: "Being here with other students, discussing and engaging in class makes a huge difference."The broader picture remains grim. UN experts have labeled Israel’s systematic targeting of Gaza’s academic sector as “scholasticide.” More than 7,000 university students and staff have been killed or injured, and over 60 university buildings have been completely demolished, according to the Euro‑Med Human Rights Monitor.Materials for University City were sourced entirely within Gaza, a testament to the community’s resilience amid soaring costs and scarce resources. Yet the initiative is hampered by the same blockade that restricts reconstruction supplies, fuel and safe transport.Students still face daily hurdles: damaged roads, limited cash, and unreliable transport—often relying on worn‑out vehicles, donkey carts or long walks. "My father could only give me eight shekels (about $2.64) for a ride," Mariam explained, highlighting the economic strain.Even once inside the halls, challenges persist. Power outages and unstable internet make it difficult to print materials or follow online lectures, forcing many to rely on old phones and intermittent connections.Nevertheless, the atmosphere inside University City is one of determination. "For medical education, in‑person learning is essential," said Dr Essam Mughari of the Palestine College of Nursing. "Seeing students gather again restores something vital."For students like Mariam, the drive to continue studying is deeply personal. "My cousin, a nurse, was killed when an airstrike destroyed her family’s house. I study to heal others and honor her memory," she said.While University City now serves hundreds daily, thousands of Gaza’s students remain without comparable facilities. Abu Daqqa stresses that the project is only the beginning: "We have built dozens of makeshift schools, but the need is far greater. Imagine what could be done if the needed resources were allowed through."