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Economy Apr 18, 2026

Iran Conflict Darkens IMF Spring Sessions, Raising Global Recession Fears

The Iran war has eclipsed the IMF’s spring meetings in Washington, prompting warnings of the deepes…
Analysts warn that the world is confronting the most severe energy shock since the 1970s, a looming global recession and a renewed surge in living‑cost pressures that are hitting the most vulnerable households hardest.Against a backdrop of sweltering Washington heat, the atmosphere at the International Monetary Fund’s spring meetings shifted dramatically as delegates confronted the fallout from the Iran war. The usual optimism about rising living standards was replaced by a palpable sense of unease.IMF Managing Director Kristalina Georgieva addressed finance ministers and central‑bank governors, noting that “some countries are in panic” and urging that “the sooner it ends, the better for everybody.”Such gatherings are rarely venues for open geopolitical confrontation. Yet, as a record‑breaking April heatwave baked the capital, the mounting economic damage from the conflict could no longer be ignored.During a G20 breakfast that included U.S. Treasury Secretary Scott Bessent and outgoing Fed Chair Jerome Powell, participants described the mood as somber, with frank discussions about the war’s ramifications.Former IMF deputy managing director Mohamed El‑Erian likened the session to a “twilight‑zone meeting,” identifying three looming shadows: the overall health of the global economy, the disproportionate impact on lesser‑discussed nations, and the paradox that the United States, as the war’s initiator, would suffer comparatively less.British Chancellor Rachel Reeves started her day with a jog alongside counterparts from Spain, Australia and New Zealand on the National Mall, posting an Instagram selfie captioned, “Friends that run together – work together.” The image underscored her resolve to confront the war’s economic fallout.Reeves had earlier condemned the conflict as a “mistake” and “folly,” arguing that the war had not enhanced global security and was driving up energy prices for UK families and businesses.In a one‑on‑one with Bessent near the White House, Reeves emphasized the urgency of the situation, noting that the UK, like many other nations, was feeling the pain of higher energy costs triggered by the conflict.Despite the tension, the UK and the United States continue to share deep interests in artificial intelligence, financial services and trade, though the British government signalled little tolerance for the Iranian regime.The IMF’s own warning that the war could precipitate a global recession singled out the United Kingdom as the “biggest G7 casualty,” highlighting the stakes for British growth forecasts.Observers noted Reeves’s vocal stance, recalling earlier disagreements between Bessent and European Central Bank President Christine Lagarde that had remained behind closed doors.A cocktail reception at the British ambassador’s residence brought together senior diplomats and financiers—including Bank of England Governor Andrew Bailey and Barclays CEO CS Venkatakrishnan—where transatlantic friction was a hot topic, just weeks before King Charles’s state visit to the United States.Meanwhile, revelations about former ambassador Peter Mandelson’s vetting process added another layer of political strain for the UK government.Before the war, the IMF agenda focused on global cooperation, AI adoption, job creation and poverty eradication. The conflict has now complicated each of these priorities, especially the goal of coordinated international action.Former UK Foreign Secretary David Miliband observed that many nations are now “hedging against American decisions,” acknowledging the United States’ outsized role—about 25% of the global economy—while noting its recent retreat from several forums.The irony was not lost on participants: the meetings were held in institutions born out of U.S. leadership after World War II to prevent the economic chaos of the 1930s, yet they now convene amid a war that threatens similar turmoil.Economists also recognized that real policy leverage sits “two blocks away,” behind the security cordons surrounding the White House, casting doubt on the ability of the IMF and World Bank to influence the conflict directly.Amid the uncertainty, the rapid growth of AI—exemplified by Anthropic’s Mythos model—offers a glimmer of economic resilience, but most countries cannot afford to sever ties with the United States entirely.El‑Erian summed up the dilemma: “People want to go long the private sector and short the mess, but it’s almost impossible to do.”
#Iran #IMF #United States
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Sports Apr 17, 2026

Saudi Arabia Sacks Coach Herve Renard Ahead of 2026 World Cup

French coach Herve Renard has been relieved of his duties as Saudi Arabia's national team coach, ju…
Frenchman Herve Renard has been sacked as Saudi Arabia coach, less than two months before the start of the FIFA World Cup 2026 in North America. Renard, 57, had returned for a second spell as Saudi coach at the end of 2024, having led them at the last World Cup four years ago in Qatar.“That’s football … Saudi Arabia have qualified for the World Cup seven times, including twice with me,” Renard told the news agency AFP on Friday. “And there’s only one coach who has led them through both the qualifiers and the World Cup; that’s me, in 2022. At least there will be that sense of pride.”Renard, a two-time Africa Cup of Nations (AFCON) winner with Zambia and the Ivory Coast, was in charge of Saudi Arabia from 2019 to 2023 before being replaced by Italian coach Roberto Mancini. He served as coach of the France women’s team from 2023 to 2024 and reached the quarterfinals of both the 2023 Women’s World Cup and the 2024 Paris Olympics.Georgios Donis, a former Greece international, is reportedly being lined up as the man to take over from Renard. Saudi Arabia are in Group H at the 2026 World Cup, alongside two former champions, Spain and Uruguay, and debutants Cape Verde. All their group games are scheduled to be played across the United States.The Arab nation has made six World Cup appearances, with a round of 16 finish in 1994 in the US their best result thus far. They suffered a group-stage exit in the last World Cup in 2022 but made headlines worldwide with a shock 2-1 group win over eventual champions Argentina. Saudi Arabia is also due to host the 2034 World Cup.
#cup #saudi #world
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Sports Apr 17, 2026

Arteta urges Arsenal to treat Manchester City showdown as privilege, not pressure, ahead of title‑deciding clash

Mikel Arteta reminds Arsenal that their upcoming match at Manchester City’s Etihad is a rare privil…
Arsenal manager Mikel Arteta has called on his side to view the forthcoming clash with Manchester City as a "huge privilege" rather than a source of pressure, stressing the importance of character in what could be a title‑defining encounter. The Gunners currently enjoy a six‑point lead over Pep Guardiola’s City ahead of the Sunday showdown at the Etihad Stadium, but City hold a game in hand that could swing the balance in their favour during the season’s final weeks. Recent form adds drama: Arsenal have dropped three of their last five matches across all competitions, including a League Cup final defeat to City, a shock FA Cup quarter‑final loss to second‑tier Southampton, and a home league loss to Bournemouth. In Europe, Arsenal scraped past Sporting Lisbon, drawing 0‑0 to clinch a 1‑0 aggregate win in the Champions League quarter‑finals, yet their domestic performances have been below the standards expected of a title challenger. Addressing criticism of the squad’s mental resilience, Arteta told reporters, "We have earned the right to be in this position and to be challenging, with an opportunity to win against arguably the best team and best manager this league has ever seen. That is a huge privilege." He added, "Who is more privileged to be in this position? I feel very privileged to have earned the right to play such a big and great game." Arsenal are chasing their first English league title since 2004 after finishing runners‑up for three consecutive seasons. In both 2023 and 2024, they squandered substantial leads, allowing City to overtake them. Artura believes a victory at the Etihad would place Arsenal in a "virtually unassailable" position. "Winning at this stage brings us a bit closer," he said, noting there are six games remaining and the match is "really important for both teams." Reflecting on the recent League Cup loss, Arteta urged his players to channel that pain into motivation: "The pain we felt afterwards, we need to use the right way on Sunday. Learn from that game and the things we want to change for the next one." He also dismissed rumors of a motivational fire‑lighting stunt at the training ground, explaining that the club employs varied themes to prepare for each match, with the players' own initiative being the most valued. Statistically, Arsenal have failed to win any of their last ten league visits to the Etihad, losing seven of those encounters—a barren run that stretches back to 2015. When asked whether he might advise his side to settle for a draw to protect their six‑point cushion, Arteta was unequivocal: "We prepare every game to win, that is why we are where we are, and we are going to continue to do the same."
#city #arsenal #league
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Politics Apr 17, 2026

Israel's Diplomatic Isolation: A Growing Rift with Europe

Israel's actions in Gaza, Lebanon, and Iran have led to growing criticism from European countries, …
Israel's increasing international isolation has led to a growing rift with European countries, who are frustrated by its actions in Gaza, Lebanon, and Iran. Despite longstanding ties, European governments are finding it difficult to ignore public opinion, which has shifted against Israel. European countries, including Italy, the UK, Ireland, and Spain, have criticized Israel's actions, with some calling for a halt to its attacks on Lebanon and Iran. Analysts warn that the conflict threatens to tip the world into recession. Israeli Prime Minister Benjamin Netanyahu has responded to criticism by claiming Israel is a defender of Western values, stating that Europe has become 'afflicted by deep moral weakness'. He argued that Europe is 'losing control of its identity, of its values, of its responsibility to defend civilisation against barbarism'. Netanyahu's comments have been met with skepticism, with many pointing out that Israel's actions in Gaza and the occupied West Bank are at odds with its pretence of being a liberal democracy. Israeli academic and filmmaker Haim Bresheeth said that Israel's actions are 'not the sort of thing liberal democracies do'. The rift between Israel and Europe is expected to continue, with little chance of self-reflection or internal reckoning among Israel's political leadership. As Chatham House senior consulting fellow Yossi Mekelberg said, 'There's a sense that, if they don't like us, then we must be doing something right'.
#Israel #European Union #Benjamin Netanyahu
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Music Apr 17, 2026

Prince’s 10‑Year Death Anniversary: Friends Recall His Musical Genius and Personal Legacy

On the tenth anniversary of Prince’s death, close friends and collaborators—including George Clinto…
Ten years after Prince’s death, friends and collaborators such as George Clinton, Apollonia Kotero and drummer Charles “Chazz” Smith share personal memories that illuminate his musical brilliance and private life.George Clinton, the legendary leader of Parliament‑Funkadelic, remembers meeting the 19‑year‑old Prince in 1977 and immediately recognizing a talent “a new version of Sly Stone.” Clinton praised Prince’s ability to master guitar, keyboards, bass and drums, noting his “arranging genius” inherited from his pianist father and his dance flair “like James Brown.” Clinton also recalled how Prince later signed him to Paisley Park Records and inducted him into the Rock and Roll Hall of Fame, cementing a friendship that survived countless late‑night studio sessions.Apollonia Kotero, actress and singer who starred alongside Prince in the 1984 film Purple Rain, describes a bond that spanned 33 years. She recounts the grueling shoot—jumping into a freezing lake, suffering hypothermia, and Prince’s frantic plea, “Please don’t die, Apple. I love you.” Their relationship, she says, was “family, not romance,” and Prince’s protective nature shone when he cared for her during illness. Kotero also recalls a surreal moment when Prince hummed the opening melody of “When Doves Cry” into her answerphone, urging her “Don’t erase this!” as a reminder of his creative process.Beyond the studio, Kotero notes Prince’s voracious appetite for literature and politics, his 3 a.m. visits that turned into midnight drives across Hollywood, and his habit of showing her walls plastered with fan mail—a testament to his deep connection with his audience.Charles “Chazz” Smith, Prince’s cousin and original drummer in the early band Grand Central, paints a picture of Prince’s childhood obsession with music. After a spontaneous Sly and the Family Stone concert in Minneapolis, Prince declared, “We’re gonna form a band, and you’re gonna be the drummer.” Within weeks, a newly gifted guitar allowed him to replicate Santana’s “Black Magic Woman” note for note, signalling the start of an insatiable drive to master every genre—from rock to funk to ballads.In the final months of his life, Prince’s friends observed a shift. He reclaimed the rights to his catalog in 2014, began repaying debts, and expressed grief over the death of Vanity, his longtime muse. Smith recalls a poignant encounter six weeks before Prince’s passing: after a brief hug, they exchanged the words “I love you,” marking the last conversation they ever shared.These testimonies collectively reveal a portrait of Prince that goes beyond his public persona: a relentless virtuoso, a compassionate confidant, and an artist whose influence continues to reverberate a decade after his untimely death.
#his #prince #but
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Sports Apr 17, 2026

Premier League managers' vows and player injuries

Premier League managers Eddie Howe, Arne Slot, Roberto De Zerbi, Andoni Iraola, and Oliver Glasner …
Premier League managers are making their voices heard as the season nears its end. Eddie Howe of Newcastle United vows to 'fight harder than ever' to save his team's season, while Arne Slot of Liverpool FC is optimistic about Alexander Isak's return from injury.Howe demands commitment from his players, particularly Anthony Gordon, Sandro Tonali, and Tino Livramento, who are surrounded by transfer speculation. He emphasizes that he won't play players who aren't 100% committed to the club.In contrast, Arne Slot believes that Alexander Isak's return could ease the pain of Hugo Ekitike's long-term absence due to an Achilles tendon injury. Ekitike will miss the rest of the season and the World Cup.Roberto De Zerbi of Tottenham Hotspur confirmed that Cristian Romero will not play again this season due to a knee injury. He remains positive about the team's chances of staying in the Premier League.Andoni Iraola announced his departure from Bournemouth FC, citing a desire to end his journey with the club on a high note. He emphasized that his decision wasn't influenced by other clubs.Lastly, Oliver Glasner of Crystal Palace FC pledged his total commitment to the team until the end of his tenure, ensuring he will give 100% effort.
#club #his #not
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Sports Apr 17, 2026

England's Lionesses Face Iceland in Historic 500th Game

England's women's football team, the Lionesses, are set to play their 500th game against Iceland in…
England's women's football team, the Lionesses, are on the cusp of a historic milestone as they prepare to play their 500th game against Iceland in a World Cup qualifier. Manager Sarina Wiegman has stressed the importance of securing a positive result to make their recent 1-0 victory over Spain even more valuable.Wiegman acknowledged that Iceland will present a different challenge, but she is confident that her team is ready. The Lionesses have three wins from three in their qualifying group, and with only the top team from each group in League A securing automatic qualification, the stakes are high.The team has been boosted by the return of Leah Williamson, who has not played since mid-March due to a thigh injury. However, Keira Barry is the only confirmed absence due to ankle problems.Lucy Bronze, who has 146 caps for England, reflected on the significance of the 500th game, saying it's 'insane' to think about. She expressed her pride in being part of the team's history and is optimistic about the future, citing the talent of young players like Lucia Kendall.
#england #wiegman #iceland
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Politics Apr 17, 2026

Saudi Arabia Drops 2035 Rugby World Cup Bid Amid PIF Funding Shift

Saudi Arabia has abandoned its bid to host the 2035 Rugby World Cup due to a change in the Public I…
Saudi Arabia has withdrawn its bid to host the 2035 Rugby World Cup as a result of the Public Investment Fund's (PIF) new financial strategy, prioritizing projects with potential returns. The country's sports minister, Prince Abdulaziz bin Turki al-Faisal, had expressed interest in bidding for the tournament last year, but no expression of interest was submitted to World Rugby.The PIF's 'value realization' phase of its Vision 2030 economic plan, published recently, has led to the decision to put rugby aspirations on hold. This shift in focus will impact various projects, including LIV Golf, which will see its funding withdrawn next year.While Saudi Arabia and other Gulf countries, such as Qatar and the United Arab Emirates, had considered a joint bid, it has not materialized. World Rugby's bidding process is ongoing, with countries like Argentina, Japan, and Spain having submitted initial expressions of interest.The decision to step away from the Rugby World Cup bid was made before the conflict in Iran began, and the PIF governor, Yasir al-Rumayyan, confirmed that all spending projects are being reviewed. The PIF will continue to invest in sports but will focus on domestic projects, such as infrastructure related to the 2034 football World Cup and the Formula One track near Riyadh.
#Saudi Arabia #Public Investment Fund #Rugby World Cup
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Politics Apr 17, 2026

Racheal Crowther’s Chisenhale Show Turns a Military Health Unit into a Scent‑Driven Psy‑Op Critique of State Care

London artist Racheal Crowther’s debut institutional exhibition at Chisenhale Gallery uses a repurp…
The Chisenhale Gallery in London greets visitors with an unsettling aroma that oscillates between sweet butter and a harsh, chemical perfume, immediately signalling that the exhibition is designed to disturb both mind and nostrils.At the heart of the show stands a massive mobile health unit – a former US‑British field ambulance acquired at a military auction. Its presence transforms the pastel‑painted gallery into a simulated triage zone, complete with faded chemical warnings, triage forms and evacuation maps. Among the discarded paperwork, a single sheet reveals that the vehicle participated in decontamination after the 2018 Novichok attack on double‑agent Sergei Skripal, adding a chilling historical layer to the installation.The surrounding walls are coated in Baker‑Miller pink, the hue once tested in US jails to calm aggressive inmates. This “drunk‑tank pink” juxtaposes the sterile pink of the health unit, blurring the line between soothing and coercive environments.Beyond visual cues, the exhibition assaults the senses with a bespoke scent concoction. Crowther blends substances derived from powdered milk – a symbol of industrialised sustenance – with hexadecanal, a naturally occurring skin compound known to dampen aggression in men while provoking it in women, and famously emitted by newborns. The result is a “sweetly putrid” odor that feels both familiar and alien, prompting visitors to question whether they are inhaling rubber, milk, or something more sinister.Through this multisensory tableau, Crowther frames colour and smell as potential psy‑ops, probing how basic human experiences can be industrialised and militarised. She asks: What does health mean when it is administered by the state or corporate entities? Who truly benefits when care becomes a tool of surveillance and control?Visitors navigate a space that oscillates between comfort and exploitation, leaving them to wonder whether they are being nurtured or manipulated. The exhibition runs at Chisenhale Gallery until 14 June 2026, inviting the public to confront the uneasy overlap of medical aid, military apparatus and sensory manipulation.
#Racheal Crowther #Chisenhale Gallery #Baker-Miller pink
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