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World Economy Apr 05, 2026

Iran War‑Driven Energy Surge Poses Existential Risk to the AI Investment Boom

Rising energy costs from the Iran‑Hormuz conflict threaten to strain the already fragile economics …
Donald Trump’s demand that Iran reopen the Strait of Hormuz has an immediate impact on U.S. gasoline prices, but analysts warn that a prolonged conflict will push energy costs higher across the globe, far beyond the fuel pump. Systemic increases in power prices and disrupted supply chains are set to compress margins for industries worldwide; in the United States, the effect could be especially damaging to the fragile economics of the AI boom. Oil‑importing nations in the Global South are already feeling the strain: Egypt has imposed curfews, Indonesia is trialling work‑from‑home Fridays, and the Philippines has declared a national energy emergency. While the United States, as a major oil exporter, can partially insulate itself, the country cannot escape the global rise in energy costs. Experts predict that price pressure will linger for months even if the strait reopens within days. Companies are revisiting cash‑flow forecasts, and the AI sector—characterised by energy‑intensive model training and debt‑laden expansion—faces a particularly acute risk. OpenAI chief Sam Altman attempted to downplay environmental concerns, likening the energy required to train an AI model to the cumulative food intake over a human’s 20‑year development. The Bank of England’s Financial Policy Committee warned that rising energy costs could depress AI share prices, noting that investors were already uneasy about the sector’s heavy reliance on debt financing and uncertain return prospects before the war began. "The conflict could increase these concerns, particularly given the energy‑intensive nature of the supply chain for key components and the operation of datacentres," the committee said. World Trade Organization chief economist Robert Staiger echoed this view, cautioning that a prolonged period of high energy prices could "crimp" AI investment. He highlighted that AI‑related goods accounted for 70% of U.S. investment growth in the first three‑quarters of last year. A forensic note from US law firm Quinn Emanuel revealed that the AI sector generated roughly $60 billion in revenue last year while committing $400 billion to capital expenditure. The financing structure mirrors the 2008 crisis, with off‑balance‑sheet special purpose vehicles and asset‑backed securities playing a central role. Leading "hyperscalers" and infrastructure providers such as CoreWeave are borrowing enormous sums to build out datacentres, although some analysts argue that many projects lag behind their lofty promises. Much of this borrowing comes from private‑credit lenders, making total liabilities opaque and challenging for regulators—an issue the Bank of England has repeatedly flagged. Complex financing arrangements see datacentres owned by special purpose vehicles, debt pooled and sold to pension funds, and other layered structures that obscure true exposure. Quinn Emanuel estimates that $120 billion of datacentre debt has been moved off‑balance sheets in the past two years. The firm warns that distress at any single node could cascade through the tightly interconnected AI ecosystem. Extended higher energy costs, combined with volatile interest rates and weaker consumer demand—both likely fallout from the Middle East war—could trigger that distress. The fundamental question remains: can the AI sector generate sufficient revenue to justify its sky‑high valuations? Even modest energy price hikes may force a market rethink, with potential spill‑over effects across U.S. markets and beyond. As the article concludes, the economic fallout may be yet another unintended consequence of Trump’s aggressive stance on Iran, unleashing forces beyond his control.
#energy #costs #which
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Business Apr 05, 2026

From Grief to Gastronomy: Parents Turn Daughter's Passion into Thriving Patisserie

A German couple, Inka and Ralph Orth, turned their grief into a thriving patisserie, Patisserie Joh…
In a heartwarming story of turning grief into passion, a German couple, Inka and Ralph Orth, have transformed their sorrow into a thriving patisserie, Patisserie Johanna, named after their daughter Johanna, who tragically passed away in a flood disaster.Johanna, a 22-year-old with a passion for baking, had completed her training as a certified master patissière and was about to open her own shop when her life was cut short in the 2021 Ahr valley flood in western Germany. The disaster claimed over 220 lives, and Johanna's body was found two days later in a parking garage.The Orths, who ran a residence for senior citizens that was destroyed in the flood, were left with unbearable grief. However, Inka found solace in baking, enrolling in a pastry academy and discovering a new passion. She met Marcel Reinhardt, a talented fellow student, and together they formed a business partnership that would become Patisserie Johanna.The patisserie, located in Hamburg's Unesco-listed warehouse district, has become a sensation, with an expanding team and a growing customer base. The shop is adorned with portraits of Johanna, and the couple's daughter is present in every aspect of the business. A lifesize bronze sculpture depicts Johanna with her beloved cat, and the shop's logo features a butterfly, a symbol associated with their daughter's enduring presence.Patisserie Johanna has become a pilgrimage site for parents who have lost children, with many visiting to deposit flowers or simply to connect with the Orths. The couple's story serves as a testament to the power of turning grief into something positive and celebrating the life of their beloved daughter.
#Patisserie Johanna #Inka Orth #Ralph Orth
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Health Apr 04, 2026

MSF condemns RSF‑linked drone strike that kills 10 at Sudan’s Al Jabalain Hospital

Doctors Without Borders (MSF) denounced a drone attack on Al Jabalain Hospital in Sudan’s White Nil…
Doctors Without Borders (MSF) has condemned a drone strike that hit Al Jabalain Hospital in Sudan’s White Nile State, killing 10 people, among them seven medical staff members. The attack, which struck an operating theatre and a maternity ward, occurred during a children’s immunisation campaign, heightening the humanitarian outcry.MSF’s Sudan emergencies chief, Esperanza Santos, said the assault was “unacceptable” and noted that several of the deceased had previously worked with the organisation. She added that the strike represents a grave violation of medical neutrality.While the perpetrators have not been officially confirmed, MSF’s statement attributes the strike to the paramilitary Rapid Support Forces (RSF), a claim echoed by Sudanese officials. On Friday, Khalid Aleisir, Sudan’s minister of culture, information, antiquities and tourism, called for the RSF to be designated a terrorist organisation and for its members to face prosecution.The incident follows a series of attacks on Sudan’s health infrastructure since the war erupted in April 2023. In a separate incident the same day, a medical supply depot in Rabak, the capital of White Nile State, was also hit. According to the World Health Organization, more than 200 attacks have targeted health facilities since the conflict began, underscoring a systematic pattern of violence against civilians.Local rights group Emergency Lawyers highlighted that recurring drone strikes across South Kordofan, Blue Nile, and the Darfur regions have displaced thousands, further straining an already fragile health system. The Sudan Doctors Network described the Al Jabalain strike as a “deliberate assault on health facilities and unarmed civilians,” warning that such actions exacerbate the nation’s deteriorating medical capacity.International observers note that the targeting of hospitals not only violates international humanitarian law but also hampers efforts to control disease outbreaks and provide essential care to vulnerable populations. The growing body of evidence may prompt renewed calls for accountability and stronger protective measures for health workers in conflict zones.
#MSF #RSF #Al Jabalain Hospital
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Business Apr 04, 2026

TGI Fridays UK Revival: New Owner Aims to Revamp Brand and Boost Growth

TGI Fridays' new UK owner, Ray Blanchette, aims to revive the struggling brand by investing £2.5m i…
TGI Fridays, a global bar-restaurant chain, is set for a UK revival under the leadership of Ray Blanchette, who has acquired the brand's UK arm. Blanchette, a former TGI Fridays kitchen manager, believes the chain can regain its momentum in the UK and expand globally to 1,000 outlets. The UK restaurant industry has faced significant challenges, including higher staffing, energy, and food costs, as well as decreased diner numbers due to financial constraints. However, Blanchette is optimistic about TGI Fridays' prospects, citing its rich history and legacy as a foundation for growth. Blanchette's investment firm, Sugarloaf, has taken control of the global master franchise for TGI Fridays and directly operates 11 US outlets and the UK restaurants. He plans to invest over £2.5m in revamping restaurants, updating kitchen equipment, and enhancing staff training. Blanchette acknowledges that the UK tax regime for high street businesses is 'problematic' and stifles growth. He hopes for government change, given hospitality's significant role as one of the UK's largest employers. The revamped TGI Fridays UK will focus on providing an 'over the top and fun' experience, with a new menu, affordable options, and improved service. Blanchette is confident that a turnaround is possible, having read hundreds of thousands of online reviews of the UK business.
#TGI Fridays #Ray Blanchette #UK restaurant market
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Sports Apr 03, 2026

Manchester City vs Liverpool FA Cup Quarter‑Final: Salah’s Farewell, Guardiola Suspension and Line‑up Preview

Manchester City host Liverpool at the Etihad in an FA Cup quarter‑final that could be Mohamed Salah…
Match details: Manchester City will meet Liverpool at the Etihad Stadium on Saturday, 4 April, kicking off at 12:45 pm local time (11:45 GMT) in the FA Cup quarter‑final.Salah’s impending exit: The Egyptian forward announced during the international break that he will leave Liverpool at the end of the season, having scored 255 goals for the club. Manager Arne Slot praised his “ever‑present hunger” and said the striker remains a legend despite a brief spell out of the squad earlier in the campaign.Guardiola’s suspension: City boss Pep Guardiola will miss the fixture after receiving a sixth yellow card in the 3‑1 FA Cup win over Newcastle United. The booking came after he protested a referee’s decision on a challenge to Jeremy Doku. This could be his last appearance against Liverpool as speculation grows over his future at Manchester City.Stakes for both sides: City are chasing a historic domestic treble – League Cup, FA Cup and Premier League – a feat last achieved in 2018/19. Liverpool, sitting fifth in the Premier League, view the cup as their only realistic route to silverware and a chance for Slot to secure his position after delivering a record‑equalling 20th league title.Upcoming fixtures: A win for Liverpool would be followed by a Champions League quarter‑final clash with Paris Saint‑Germain on 8 and 14 April. City, meanwhile, will look to build on their recent 2‑0 League Cup final victory over Arsenal.Team news – Manchester City: Centre‑back Josko Gvardiol remains sidelined with a tibial fracture. Ruben Dias and John Stones face late fitness tests for hamstring and calf issues. If Dias is unavailable, Abdukodir Khusanov or Nathan Ake could partner Marc Guehi in central defence. Goalkeeper James Trafford is expected to start, giving him a chance ahead of Gianluigi Donnarumma.Predicted City XI: Trafford; Nunes, Khusanov, Guehi, Ait‑Nouri; Bernardo, Rodri, O’Reilly; Semenyo, Haaland, Cherki.Team news – Liverpool: Mohamed Salah missed the recent 2‑1 loss to Brighton with a muscle injury but is expected to be fit. Conor Bradley, Giovanni Leoni and Wataru Endo are out, and Alisson Becker remains doubtful due to a muscular problem. Jeremie Frimpong’s availability is pending after a knock on international duty; Dominik Szoboszlai may cover at right‑back if needed. Alexander Isak has returned to training but is unlikely to feature this weekend.Predicted Liverpool XI: Mamardashvili; Szoboszlai, Konate, Van Dijk, Kerkez; Mac Allister, Gravenberch; Salah, Wirtz, Gakpo; Ekitike.Historical head‑to‑head: The two clubs have met 220 times, with Liverpool winning 110 matches, City 62 and 58 draws. Their most recent league encounter ended in a 2‑1 City win thanks to a stoppage‑time penalty from Erling Haaland.Other quarter‑final ties: After the early kickoff, Chelsea face Port Vale, Arsenal travel to Southampton, West Ham host Leeds, and the remaining fixtures will determine the final four.
#city #cup #liverpool
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Politics Apr 03, 2026

US Defense Secretary Pete Hegseth Forces Immediate Resignation of Army Chief Randy A. George Amid Iran Conflict

Defense Secretary Pete Hegseth ordered Army Chief of Staff General Randy A. George to retire instan…
Defense Secretary Pete Hegseth instructed Army Chief of Staff General Randy A. George to step down with immediate effect, a move announced on X by Pentagon spokesperson Sean Parnell on Thursday. The statement said George would "retire from his position" but offered no explanation, a notable omission given the ongoing US‑Israel war against Iran.The abrupt removal adds to a string of high‑profile dismissals that have occurred since Hegseth assumed office in January. CBS first reported the decision, citing a source who said Hegseth seeks a leader who will execute his and President Donald Trump's strategic vision for the Army.Appointed in 2023 under former President Joe Biden, the 61‑year‑old General George brought extensive combat experience from Iraq and Afghanistan. During his tenure he was praised for cutting redundancies and championing new technologies such as low‑cost missile‑interceptor drones and artificial‑intelligence‑driven targeting systems.According to The New York Times, the firing may be tied to a dispute over Hegseth’s decision to block the promotion of four officers from a list of 29. While most of the blocked officers were white men, the two remaining were Black and two were women, prompting senior officers to question whether racial or gender bias influenced the action. When General George sought a meeting with Hegseth to discuss the matter, the defense secretary reportedly refused.In addition to George, Hegseth dismissed two other senior officials on Thursday: General David M. Hodne, head of the Army’s Transformation and Training Command responsible for modernization efforts, and Major General William Green Jr., the Army’s chief of chaplains. The Pentagon has not formally confirmed these removals, though the Joint Chiefs of Staff issued a tribute praising George’s decades of service.The personnel shake‑up unfolds against a broader backdrop in which US and Israeli officials have framed the Iran war as a religious undertaking. The Military Religious Freedom Foundation reported receiving complaints that senior commanders described the conflict as aiming to bring about “Armageddon” or the biblical “end times.”Earlier, in October, former Army Vice Chief of Staff General James J. Mingus retired a year ahead of schedule, with no reasons disclosed, adding to speculation about internal turbulence within the Pentagon.
#Pete Hegseth #Randy A. George #U.S. Department of Defense
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Sports Apr 03, 2026

Iranian Women's Footballers Face 'Enormous Pressure' After Asian Cup Saga

Iranian women's footballers Mona Hamoudi and Zahra Sarbali reveal the 'enormous pressure' they face…
Iranian footballer Mona Hamoudi had one ambition when she boarded the flight to Australia for the Women’s Asian Cup: to play well. However, the tournament became a test of her skills, patience, and ability to make difficult decisions under enormous pressure.Hamoudi, a 32-year-old midfielder, was part of the Iranian national squad that travelled to Australia in early March. The trip unravelled into one of the most scrutinised episodes in the history of Iranian women’s sport. The squad had remained silent during the national anthem ahead of their Asia Cup opener against South Korea on March 2, two days after the United States and Israel went to war with Iran and killed Supreme Leader Ayatollah Ali Khamenei.Their silence was perceived by some as a protest against the Iranian government, and Iran’s state television branded the women as “traitors”. The players sang the anthem at their next two matches, but fears for their safety grew further after it was reported in the media that they were being monitored by Iranian government and football officials.Following Iran’s elimination at the group stage, five players – Hamoudi among them – claimed asylum and were granted humanitarian visas by the Australian authorities. However, after the rest of the squad left Australia on March 10, five of the seven later reversed course and said they would return to Iran – including Hamoudi.Hamoudi and teammate Zahra Sarbali describe the decision to return to Iran as inseparable from a sense of duty; to family, teammates, and “national obligation”, rather than a purely free choice made in calm and safety. They faced harassment and constant following from media and social media, and the expectations and pressure from the Iranian-Australian community.The journey back to Tehran was marked by fear and tension, with the media attention that had followed them throughout the tournament only intensifying once they were back in Iran. The football federation offered formal support, and the players appeared on national television after their return and resumed training as normal.On March 19, the team were met in Tehran with a hero’s welcome from the public, with several thousand people gathering in Valiasr Square, many holding Iranian flags. However, fears remain over the consequences for their careers and how their every future action might be interpreted.Maryam Irandoust, a former head coach of the Iranian women’s national team, said these experiences will carry a psychological weight onto the pitch, directly affecting performances in training and in matches. Adel Ferdosipour, a veteran Iranian sports journalist, warned that any punishment of the players could deter future footballers from representing Iran.
#iranian #iran #players
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Sport Apr 03, 2026

Max Ojomoh vows to ‘choose greatness’ as Bath chase Champions Cup quarter‑final while England snub looms

After earning man‑of‑the‑match honours against Argentina, Max Ojomoh was dropped from England’s Six…
Bath’s historic Farleigh House training centre has been spruced up this week with black flags fluttering alongside a new “Choose Greatness” banner, signalling the club’s ambition as they approach a Champions Cup last‑16 tie with Saracens. For Max Ojomoh, the atmosphere feels like a personal challenge. Just weeks after collecting the Man of the Match award for his decisive performance against Argentina, the 25‑year‑old found himself omitted from Steve Borthwick’s Six Nations squad. Ojomoh believes that a dominant display for Bath – especially after the 62‑15 demolition of Saracens in the Premiership – could revive his England prospects, but he also acknowledges that national selectors may have a specific back‑line profile in mind for the upcoming World Cup. Reflecting on his Argentina heroics, Ojomoh said, “If that was my final Test, I’m happy to have left a mark on international rugby.” Yet the disappointment of watching England lose to Ireland from a Moroccan pub underscores how close the margins are for a player on the fringe. He explained the selection dilemma: with centre Ollie Lawrence returning from injury, the squad needed a more physical ball‑carrier, and Ojomoh’s role as a second‑receiver/playmaker meant he was the one to make way. England’s coaching staff have asked him to sharpen three key areas – post‑contact metres, defensive intensity and overall work‑rate. While these are valid targets, Ojomoh points out that few English centres combine his blend of pace, vision and creative kicking. Back at Bath, his partnership with newly‑signed Finn Russell has blossomed. “When we signed Finn, I didn’t expect us to think alike on attack,” Ojomoh remarked, highlighting a shared instinct that fuels his confidence. Coach Johann van Graan’s influence is evident, with the club’s motivational signage and a focused training environment that Ojomoh describes as “single‑minded”. He hopes the upcoming match will provide a platform for a first home Champions Cup quarter‑final since 2002. Family wisdom also plays a role; his father, former England centre Steve Ojomoh, reminded him that “the cream always rises to the top”. With a business degree from the University of Bath and a hobby of online chess, the younger Ojomoh is aware that consistent club performances could shift national perception. Looking ahead, Ojomoh is determined to make the 2027 World Cup squad. He admits that obsession over selection can be self‑destructive, emphasizing the need for mental clarity and playing with the same confidence he shows in his head. As Bath prepares for the high‑stakes clash with Saracens, Ojomoh’s mantra remains clear: choose greatness, stay true to his strengths, and let his on‑field X‑factor speak for itself.
#you #his #there
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Sports Apr 03, 2026

Liverpool's Season on the Brink: Slot's Vision Faces Defining Moment

Liverpool's season hangs in the balance as they face a crucial period of five matches in 16 days, i…
Liverpool's season has reached a critical juncture, with five matches in 16 days set to determine the fate of manager Arne Slot's vision for the team. The Reds face a daunting schedule, including cup quarter-finals against Manchester City and Paris Saint-Germain, as they seek to salvage a disappointing campaign.The team's inconsistent form has raised concerns about their ability to secure Champions League qualification, a crucial aspect of the club's business model. Liverpool's recent performances have been marred by defeats to Wolves and Brighton, highlighting issues with fitness levels, efficiency in front of goal, and organisation.The return of Alexander Isak to team training could provide a much-needed boost, but the striker will have to prove himself upon his return to competitive action. Isak's partnership with Florian Wirtz has been limited due to injuries, and the duo will need to deliver to justify Liverpool's £125m investment in the striker.Liverpool's hierarchy, including owner Fenway Sports Group and sporting director Richard Hughes, are aware of the challenges faced by Slot this season, including the death of Diogo Jota and injuries that have hindered the team's performance. However, the club's supporters are growing increasingly disillusioned, with ticket price increases and a record revenue of £703m failing to translate to on-field success.A positive note was struck by Jürgen Klopp's return to Liverpool, which drew a sellout crowd of 60,482 and raised over £1m for the LFC Foundation. Nevertheless, the adoration for Klopp contrasted with the frostiness towards Slot, highlighting the challenges faced by the current manager in reviving the team's fortunes.
#Liverpool FC #Arne Slot #Manchester City
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