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World Economy Apr 15, 2026

Big Oil Reaps $30m Hourly Windfall from War-Driven Price Surge

The world's top 100 oil and gas companies are making enormous profits due to the surge in oil price…
The ongoing conflict in Iran has led to a significant increase in oil prices, with the world's top 100 oil and gas companies reaping enormous profits. In the first month of the war, these companies banked more than $30m every hour in unearned profit, according to exclusive analysis for the Guardian. This translates to estimated windfall profits of $23bn for the month of March, with Saudi Aramco, Gazprom, and ExxonMobil among the biggest beneficiaries.The surge in oil prices to an average of $100 (£74) a barrel has resulted in a substantial increase in profits for these companies. If the oil price continues to average $100, the companies are expected to make $234bn by the end of the year. The analysis uses data from a leading intelligence provider, Rystad Energy, analysed by Global Witness.The excess profits come from the pockets of ordinary people as they pay high prices to fill up their vehicles and power their homes, as well as from businesses incurring higher energy bills. Dozens of countries have cut fuel taxes to help struggling consumers, but this has resulted in reduced revenue for public services.Pressure is growing for windfall taxes on the war profits of oil and gas companies, with the European Commission considering a request from the finance ministers of Germany, Spain, Italy, Portugal, and Austria. The ministers argue that this would help ease the burden on the general public and finance temporary relief measures.Aramco is expected to make a war profit of $25.5bn in 2026 if the oil price averages $100. This is on top of the huge profits habitually made by the majority state-owned Saudi company – $250m a day between 2016 to 2023. ExxonMobil, which has a long record of denying climate change, will take in $11bn in unearned war profits in 2026 if the $100 price endures.The impact of the Iran war is likely to be long lasting, with the head of the International Energy Agency, Fatih Birol, describing it as the biggest shock ever to the global energy market. The UN's climate chief, Simon Stiell, warned that fossil fuel dependency is ripping away national security and sovereignty, and replacing it with subservience and rising costs.
#oil #war #energy
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Health Apr 15, 2026

UK ASA Bans Lidl and Iceland Ads, Marking First Enforcement of New Junk‑Food Advertising Rules

The Advertising Standards Authority has banned the first two supermarket ads under the UK’s new jun…
Lidl and Iceland Foods have become the inaugural retailers to see their advertisements prohibited under the United Kingdom’s newly‑introduced junk‑food advertising rules, the Advertising Standards Authority (ASA) confirmed on Wednesday.The ASA has been overseeing the ban that bars television ads for high‑fat, salt and sugar (HFSS) items before 9 p.m. and prohibits any online promotion of such products at any hour, a regime that took effect on 5 January 2026.In Lidl’s case, the ASA found that an Instagram post created by popular influencer Emma Kearney ("Baby Emzo") for Lidl Northern Ireland showcased a tray of pain suisse – a French pastry filled with vanilla cream and chocolate chips. A complainant argued the product was “less healthy” and breached the HFSS criteria. Lidl defended the content as a “brand‑led” advertisement, noting that the new rules allow brand promotion provided no identifiable junk‑food item appears, but the ASA concluded the post did indeed highlight a prohibited product.For Iceland, the breach involved a digital display and banner ad on the Daily Mail website promoting confectionery such as Swizzels Sweet Treats, Chupa Chups Laces, Choose Disco Stix and Haribo Elf Surprises. These sweets fail the nutrient‑profiling model used to classify HFSS foods, meaning they cannot be advertised under the current legislation.The HFSS framework classifies foods high in fat, salt or sugar as “less healthy” and bars their promotion across broadcast and digital channels. This move is part of the UK government’s broader strategy to curb rising childhood obesity rates by limiting children’s exposure to unhealthy food marketing.Iceland acknowledged that, while it requests nutrient‑profile data from all suppliers, there are “gaps” in the information received. To address this, the retailer has contracted a data‑service provider to compile monthly nutritional data for every product on its website, aiming to flag any items that fall under the HFSS definition before they appear in advertising.After reviewing the complaints, the ASA upheld the objections and ordered both supermarkets to ensure future digital marketing does not feature products that violate the junk‑food ad rules. The rulings signal a stricter regulatory environment for retailers and advertisers, urging a shift toward healthier product promotion and more robust data‑management practices.
#Advertising Standards Authority #Lidl #Iceland
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Politics Apr 15, 2026

UN Says Around 250 Rohingya Refugees Missing After Overcrowded Boat Sinks in Andaman Sea

The United Nations reports that roughly 250 Rohingya refugees and Bangladeshi nationals are missing…
Approximately 250 Rohingya refugees and Bangladeshi nationals are now unaccounted for following the capsizing of an overcrowded vessel in the Andaman Sea, the United Nations High Commissioner for Refugees (UNHCR) announced on Tuesday. The boat, packed with men, women and children, succumbed to heavy winds, rough seas and severe overcrowding, according to the UNHCR statement. The disaster underscores the perilous journeys many Rohingya undertake to escape persecution in Myanmar. Bangladesh Coast Guard (BCG) officials reported that a patrol ship en route to Indonesia rescued nine individuals on April 9, including one woman. Lieutenant Commander Sabbir Alam Sujan described how the crew spotted survivors clinging to drums and logs and pulled them from deep water. Among the rescued, six have been identified as alleged traffickers and are now in police custody, as reported by the Andalou news agency. Survivor testimony paints a grim picture. Rafiqul Islam, who was lured onto the boat with promises of employment in Malaysia, recounted that passengers were confined in a holding area where some died. He said the vessel leaked oil, causing burns, and that it drifted for four days before capsizing. "We floated for nearly 36 hours before a ship rescued us," he said, estimating that 25 to 30 people died from suffocation and the crush of overcrowding. The UNHCR warned that the tragedy reflects the "dire consequences of protracted displacement and the absence of durable solutions for the Rohingya." With the Andaman Sea bordering Myanmar, Thailand and the Malay Peninsula, the region remains a hazardous corridor for smuggling networks. Malaysia continues to be a favored destination for Rohingya migrants, drawn by its Muslim-majority population and existing diaspora. However, the journey often involves dangerous sea voyages facilitated by traffickers. Since the 2017 military offensive in Myanmar that forced over 730,000 Rohingya into Bangladesh, thousands have risked their lives each year to flee ongoing violence, repression and the lack of safe, legal pathways. International observers stress that without coordinated regional action and stronger protection mechanisms, such maritime disasters are likely to recur, compounding the humanitarian crisis and destabilizing coastal security.
#Rohingya #United Nations #Myanmar
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News Apr 15, 2026

Spain Approves Amnesty Program for 500,000 Undocumented Immigrants

The Spanish government has approved an amnesty program for approximately 500,000 undocumented immig…
Spain's government has approved an ambitious amnesty program aimed at granting legal status to an estimated 500,000 undocumented immigrants. This move, passed by Prime Minister Pedro Sanchez's administration, is set to open the application process on April 16. By taking this step, Spain diverges from the trend in Europe and other parts of the world where anti-immigration sentiments are on the rise.The decree, which amends immigration laws, was fast-tracked to bypass parliament, where Sanchez's left-wing government lacks a majority. This measure had previously failed to gain approval from lawmakers. Under the plan, eligible migrants can seek a one-year residency and work permit if they meet certain conditions, such as arriving in Spain before January 1, living in the country for at least five months, and having no criminal record.Migration Minister Elma Saiz announced that applications can be submitted online starting Thursday and in person from April 20, with the window closing on June 30. After a year, those granted the temporary measure will be eligible to apply for other work or residency permits. Sanchez described the move as “an act of justice and a necessity”, emphasizing the demographic challenges Spain faces with an ageing society.The opposition, led by Alberto Nez Feijo of the People's Party, criticized the move as “inhumane, unfair, unsafe, and unsustainable”. However, it's worth noting that the centre-right party itself carried out mass legalizations of migrants in the early 2000s when it was in power. The government estimates that around half a million people could be eligible, though analysts suggest the figure might be higher.A union representing immigration officers has demanded more resources, warning that the government is unprepared for the challenge. Sanchez argued that “without new people working and contributing … prosperity slows”, highlighting that migrants have been crucial to Spain's economic growth, which is currently the fastest in Europe.
#spain #immigration #amnesty
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Sports Apr 14, 2026

Spanish Cyclist Jaume Guardeno Remains Critical Two Weeks After Training Crash

Spanish cyclist Jaume Guardeno, 23, remains in critical condition in the ICU two weeks after a trai…
Spanish cyclist Jaume Guardeno continues to fight for his life in the intensive care unit (ICU) of Tauli Hospital in Sabadell, two weeks after a severe training accident. The 23-year-old rider from Spain was involved in a collision with a vehicle on March 31, which resulted in serious head injuries.Guardeno's condition remains critical but stable, with his team, Caja Rural-Seguros RGA, providing regular updates on his progress. He is under constant monitoring and is scheduled to undergo further medical procedures in the coming days to aid his recovery.The young cyclist had shown promise in the sport, finishing 14th in the Spanish Vuelta last year and 29th in the Volta a Catalunya just days before the accident. His team is set to make its Tour de France debut this year, highlighting Guardeno's potential.Cycling has seen a resurgence in popularity with riders like Tadej Pogacar, Mathieu van der Poel, and Wout van Aert, but the sport still carries significant risks. Recent incidents include Olympic champion Tom Pidcock pulling out of the Volta a Catalunya after a crash and Italian cyclist Debora Silvestri being hospitalized after a crash during the women's Milan-San Remo.
#list #his #critical
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Sports Apr 14, 2026

England's low‑block masterclass clinches crucial win over Spain in Women’s World Cup qualifier

England defeated Spain 1‑0 at Wembley, using a disciplined low‑block strategy to earn three points …
In a tense showdown at Wembley, England’s women’s national team edged past Spain 1‑0 to keep their World Cup qualifying campaign flawless. Lauren Hemp opened the scoring in the third minute, a strike that set the tone for a match defined by English resolve. Coach Sarina Wiegman entered the game with a clear plan: abandon possession‑heavy play and adopt a compact low‑block to frustrate Spain’s technical superiority. Captain Keira Walsh echoed this approach, noting that “you can’t go toe‑to‑toe with Spain for possession”. The strategy paid off as England held the ball for only 36.7% of the time, yet limited the visitors to 21 chances, just three of which were on target. Defensively, England were razor‑sharp. The side recorded 21 tackles with a 61.9% success rate, and the newly‑formed partnership of Lotte Wubben‑Moy and Esme Morgan kept the Spanish attack at bay. Goalkeeper Hannah Hampton cemented the clean sheet with a world‑class save from Edna Imade’s close‑range header, preserving the lead. Beyond Hemp’s early goal, the attacking trio of Lauren James on the left and Lucy Bronze on the right added width and defensive cover, showcasing the squad’s evolution since last year’s goalless draw. While Wiegman admitted the team “could have been higher up the pitch”, she praised the collective effort that made Spain uncomfortable once the English side entered the opponent’s half. The victory propels the Lionesses to the top of their qualifying group with three wins from three games and a healthy goal difference. A return fixture in Mallorca in June now looms, but England have already secured a psychological edge.
#england #against #she
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Politics Apr 14, 2026

Trump Slams Italian PM Meloni for Refusing Iran Strike, Deepening Rift Over Israel Defence Pact

Donald Trump accused Italian Prime Minister Giorgia Meloni of lacking courage for not joining a U.S…
Donald Trump publicly rebuked Italy’s Prime Minister Giorgia Meloni, claiming she showed no courage for refusing to support a U.S. strike on Iran. The remarks were made during an interview with Italy’s Corriere della Sera, where Trump said, “I’m shocked at her. I thought she had courage, but I was wrong.”Meloni’s stance follows her government’s decision to suspend the automatic renewal of the defence cooperation memorandum with Israel, citing the “current situation” as justification. The move marks the first time Italy has halted the agreement, which had been in place since 2016 and facilitated military exchanges and technology sharing.Trump escalated the dispute, stating, “Giorgia Meloni doesn’t want to help us in the war… Does she like it? I can’t imagine.” He also linked his criticism to broader frustrations with European allies, accusing them of “abandoning” the United States and urging them to “go get your own oil.”Relations between Washington and Rome have already been strained after Trump’s earlier attacks on Pope Francis, whom he described as “not doing a very good job” and urged to stop “catering to the radical left.” Meloni condemned those comments as “unacceptable,” emphasizing that religious leaders should not be forced to follow political directives.Amid the diplomatic fallout, Italy is grappling with domestic challenges. A recent justice referendum, backed by the government, was defeated, a result analysts interpret as a broader vote of no confidence in Meloni’s leadership. Economic anxieties are rising as the ongoing Iran‑Israel conflict threatens global energy supplies, with the Strait of Hormuz blockade contributing to a sharp increase in diesel prices across Europe.Political historian Lorenzo Castellani of Luiss University described the situation as a “repositioning,” noting that Meloni may be wary of alienating centre‑right voters who are increasingly critical of Trump, Israeli Prime Minister Netanyahu, and the war’s economic repercussions.Despite the tension, Meloni reiterated that Washington remains a “priority ally,” adding that true alliances require candour: “When you are friends, particularly strategic allies, you must also have the courage to say when you disagree.”Trump’s remarks also targeted other NATO members, suggesting that countries like Spain could face troop withdrawals and accusing the United Kingdom of failing to “step up.” His comments underscore growing fractures within the alliance as the Iran conflict escalates.In parallel, Italy’s diplomatic ties with Israel are under pressure. The suspension of the defence memorandum follows a series of incidents, including Israeli airstrikes that have caused thousands of casualties in Lebanon and a near‑miss involving Italian UN peacekeepers in southern Lebanon. Italy’s ambassador to Israel was summoned after Foreign Minister Antonio Tajani condemned the Israeli raids during a visit to Beirut.The confluence of these diplomatic disputes—Trump’s criticism of Meloni, the halted Israel‑Italy defence pact, and broader NATO tensions—highlights a volatile period for European‑U.S. relations amid an intensifying Middle‑East conflict.
#Donald Trump #Giorgia Meloni #Iran
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Politics Apr 14, 2026

Dublin Fuel Blockade Compels Irish Government to Unveil €500 Million Relief Package Amid Energy Crisis

A week‑long blockade of Dublin’s main thoroughfare by tractor‑driven fuel protesters forced the Iri…
On O’Connell Street, a lime‑green CLAAS tractor arrived with a 19‑year‑old driver named Dylan, who explained that his convoy was the second to join a city‑wide fuel blockade that halted traffic for nearly a week. The protest, organized by farmers, hauliers and fishermen, highlighted the impact of a 60% increase in fuel duties and taxes on everyday Irish life. Dylan warned that the surge in fuel costs would eventually ripple through food prices, threatening household budgets across the nation. He and his companions, two teenagers, had endured cold nights inside the tractor, underscoring the desperation felt by many workers. The unrest, described by the Irish president as an "illegal war on Iran," has laid bare Ireland’s dependence on fossil fuels and the lack of a coherent transition strategy toward renewable energy. During six days of action, protestors blocked motorways, ports, the country’s sole oil refinery in County Cork, and fuel depots in Limerick and Galway. By the end of the week, petrol stations began to run low, prompting the justice minister to consider deploying the army. Yet on the streets, public sentiment was largely supportive; a recent poll indicated that 56% of respondents backed the demonstrators. Historical symbolism filled the scene: tractors flew the Irish tricolour beside buildings still scarred by the 1916 Easter Rising, while a lorry bore a painted coffin with the words "RIP Ireland" and a banner reading "Easter 2026". Critics on national radio questioned the tactics, citing concerns for vulnerable patients unable to reach medical appointments. Nonetheless, the direct‑action approach succeeded in drawing international attention and pressuring the government. When mounted police units arrived on Sunday morning, the convoy withdrew peacefully. Shortly thereafter, the coalition of Fianna Fáil and Fine Gael announced a €500 million concession package, augmenting an earlier €250 million relief plan with cuts to excise duty and a postponement of the next carbon‑tax increase. Despite the financial concessions, a looming no‑confidence vote appears unlikely to topple the centre‑right coalition, even as public trust in traditional parties wanes. Dylan, too young to have voted in the last election, expressed little confidence in the political establishment. The protests have also been infiltrated by far‑right elements, with some speakers promoting anti‑immigrant conspiracies and misogynistic rhetoric. One spokesperson was found to have prior convictions for animal cruelty, and the Muslim Sisters of Éire reported being told to "go home" by flag‑waving agitators, highlighting a surge in xenophobic discourse. Beyond the immediate fuel price surge—up roughly 20% in a single month—the demonstrations raise broader questions about Ireland’s reliance on volatile global markets. The nation imports over 80% of its fruit and vegetables, while its data‑centre sector now consumes more electricity than all urban households combined, underscoring the tension between economic growth and sustainable energy policy. Analysts argue that lasting change cannot be achieved by pushing working people to the brink while catering to corporate interests. Ireland is expected to lobby the EU for a pause on carbon‑tax increases and to join calls for an EU‑wide tax on oil and gas profits, similar to measures advocated by Spain. In sum, the Dublin fuel blockade has forced the government to concede significant fiscal relief, exposed deep structural vulnerabilities in Ireland’s energy and food supply chains, and sparked a contentious debate over the role of grassroots protest, social cohesion, and climate justice.
#Irish government #fuel blockade #carbon tax
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Business Apr 14, 2026

Nissan bets on AI‑driven cars as it slashes models and ramps up EV production

Nissan’s new turnaround plan targets AI‑defined vehicles, aiming to equip 90% of its fleet with aut…
Nissan announced a sweeping overhaul that places AI‑defined vehicles at the core of its revival strategy. Chief executive Ivan Espinosa said the automaker will eventually embed autonomous‑driving technology in 90% of its cars, positioning the brand for a future where self‑driving functions become standard. As part of the same initiative, Nissan will reduce its lineup from 56 to 45 models, redirecting capital toward higher‑margin offerings. The move follows a painful restructuring that has already seen seven factory closures and the loss of 20,000 jobs since Espinosa took the helm last year. Speaking at Nissan’s Yokohama headquarters, Espinosa warned that “structural challenges have compounded over time,” noting that the company’s portfolio has aged faster than the market and that fixed costs remain high despite declining scale. The Japanese automaker also unveiled its new battery‑electric Juke, a crossover SUV that will be built at the Sunderland plant in northern England. This model is a keystone of Nissan’s broader electrification push in Europe. While accelerating its EV agenda, Nissan reaffirmed a commitment to hybrid technology, unveiling a new hybrid Rogue (known as the X‑Trail in some markets) aimed at the US, where recent policy shifts have reduced incentives for fully electric cars. To fuel growth, Nissan set ambitious sales targets: an additional 550,000 units in Japan by 2030 and one million units each in the United States and China. The rapid rollout of autonomous capabilities is expected to boost demand for the technology, benefitting partners such as Wayve, the British AI startup that signed its first deal with Nissan a year ago. Bernstein analyst Masahiro Akita called the plan “reasonable” but cautioned that “ongoing macro uncertainty makes it unclear whether Nissan can sustain top‑line growth and achieve a genuine turnaround.”
#Nissan #Autonomous Driving #Electric Vehicles
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