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Former Treasury Secretary Janet Yellen sharply criticized President Donald Trump’s repeated calls for the Federal Reserve to slash borrowing costs, likening the approach to the fiscal tactics of a “banana republic.”Trump has publicly urged the central bank to deliver the lowest interest rate in the world, arguing that cheaper financing would ease the service burden on the United States’ staggering $39 trillion debt.Speaking at an HSBC investor summit in Hong Kong, Yellen asked, “How often does the president of a developed country demand that interest rates be set to reduce debt‑service costs? This is what you hear in a banana republic.” She warned that such political meddling could unleash inflation if the Fed’s independence is compromised.The Fed, under Chair Jerome Powell, last lowered its policy rate in December to a range of 3.5 %–3.75 %. However, policymakers are growing uneasy about inflationary pressures, especially as the ongoing Iran conflict threatens oil supplies.Powell is slated to step down next month, but his successor—Trump’s nominee Kevin Warsh—has yet to secure Senate confirmation. Powell has indicated he will remain in his role if a replacement is not confirmed, and he may continue as a Fed governor until a pending Department of Justice investigation concludes.Trump has openly dismissed the idea of Powell staying on, telling Fox Business that he would “have to fire him” if the chair does not leave. Powell, for his part, describes the DOJ probe as a “pretext” aimed at pressuring the Fed to cut rates.Warsh, who argues that potential productivity gains from artificial intelligence could justify lower rates, faces skepticism from Yellen, who doubts he commands the same respect as former Fed chair Alan Greenspan. She noted, “Greenspan was widely respected for his expertise; I don’t think Warsh walks in with that level of credibility.”Trump’s broader effort to reshape the Fed board includes an attempt to remove Governor Lisa Cook, who is currently facing a Supreme Court case over alleged mortgage fraud.Meanwhile, finance ministers and central bankers have gathered in Washington for the International Monetary Fund’s spring meetings. Bank of England Governor Andrew Bailey warned that rising oil prices, driven by the Iran conflict, constitute a “major supply shock” that central banks must assess carefully.The IMF has cautioned that a prolonged closure of the Strait of Hormuz could trigger a global recession, underscoring the interconnected risks of geopolitical tensions, sovereign debt, and monetary policy decisions.

Bournemouth have entered advanced talks with German manager Marco Rose to succeed Andoni Iraola as head coach, with a deal expected to be finalised before the week ends.The club also evaluated Kieran McKenna of Ipswich Town, but his contract contains a buyout clause that prevents any approach until the Championship season concludes.McKenna, who is focused on guiding Ipswich back to the Premier League, is likely to be retained by the club, which is expected to resist any premature poaching.Rose’s immediate availability makes him a simpler option. Tiago Pinto, Bournemouth’s head of football operations, is pushing for a swift appointment as the club prepares to move on from the Iraola era, following the Spaniard’s decision not to extend his contract beyond the current campaign.Since being dismissed by RB Leipzig in March 2025, Rose has been out of work. He previously led Borussia Dortmund in the Champions League, overseeing talents such as Erling Haaland and Jude Bellingham. Known for a high‑intensity pressing style, Rose’s philosophy aligns with Bournemouth’s desired playing identity. His résumé also includes successful spells at Borussia Mönchengladbach and RB Salzburg.

Sheffield Wednesday's prospective new owners, Arise Capital Partners, are engaged in discussions with the EFL to potentially ease the club's transfer ban this summer. The ban, which prevents the club from paying for new players until January 2027, was a consequence of multiple late payment of wages under the previous ownership of Dejphon Chansiri.The club will begin next season in League One with a -15 point deduction, as the purchase price of £18m by Arise does not meet the EFL's requirement to repay creditors 25p in the pound upon exiting administration.Although the EFL is firm on the points deduction, they have indicated a possible flexibility on the transfer fee embargo. This would enable Arise to build a competitive squad if their takeover is approved. The club currently has seven players under contract at the end of the season, with most of Henrik Pedersen's squad, who are free agents, expected to leave.To secure approval for the takeover, Arise must agree to an EFL business plan with strict limits on spending and wage bills. However, the American private equity company is hopeful of being allowed to pay some transfer fees. Previously, Wednesday had a three-window transfer embargo but were granted special dispensation to register players, including the signing of Marvelous Nakamba from Luton in January.Arise, comprising David and Michael Storch and Tom Costin, aims for their takeover to be approved before the final game of the Championship season on 2 May. The Independent Football Regulator will take over the EFL's owners and directors' test on 5 May, which could cause further delays.

Kanye West has delayed his scheduled concert at Marseille’s Velodrome following reports that France’s interior minister is actively seeking to prevent the event due to the rapper’s recent antisemitic statements. The artist, who now goes by Ye, posted on X that after careful deliberation he has decided to postpone the Marseille show until further notice, citing the need to reassess the situation. A source close to Interior Minister Laurent Nuñez told AFP that the minister is "highly determined" to stop the 11 June performance and is exploring "all possibilities" to enforce a ban, including discussions with the regional prefect and the city’s mayor. Marseille’s left‑wing mayor Benoît Payan has publicly opposed the concert, stating that the city will not serve as a platform for "hatred and unabashed Nazism". He wrote on X, "Kanye West is not welcome at the Vélodrome, our temple of living together and belonging to all Marseillais." The controversy follows a series of provocations by the 48‑year‑old rapper, including a 2025 track titled Heil Hitler and the promotion of a swastika‑bearing T‑shirt. Major streaming services subsequently removed the song, and West later attributed his behavior to bipolar disorder in a public apology. Internationally, the United Kingdom has already barred West from entering the country, prompting the cancellation of his headline slot at the Wireless Festival. By contrast, the Dutch migration minister, Bart van den Brink, indicated no current plans to prohibit the artist from performing in the Netherlands. In an attempt to mitigate the fallout, West said he is willing to meet with London’s Jewish community to demonstrate genuine change, acknowledging that "words aren’t enough – I’ll have to show change through my actions." – AFP contributed to this report

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.

Swiss ice‑hockey head coach Patrick Fischer has publicly acknowledged that he travelled to Beijing for the 2022 Winter Olympics using a fabricated COVID‑19 vaccination certificate. In a statement, Fischer described the act as a “serious mistake” and expressed regret for disappointing fans and officials. Fischer explained that he was caught in a personal dilemma, refusing vaccination yet unwilling to let his team miss the Games. "I was in an extraordinary personal crisis because I didn’t want to be vaccinated," he said, adding that he did not want to let his squad down. Swiss public broadcaster SRF presented evidence that Fischer had been fined nearly 39,000 Swiss francs (about $50,000) in 2023 for document forgery after purchasing the counterfeit certificate on social media. The coach disclosed his admission shortly after SRF’s confrontation. Despite the controversy, Fischer remains at the helm of the Swiss national team until after the World Championship scheduled next month, after which he is set to step down. The Swiss Ice Hockey Federation has stated that it considers the matter closed. Fischer, who has led the team since 2015, is among Switzerland’s most successful hockey coaches, guiding the squad to three Olympic appearances and securing three silver medals at the World Championships. Under his leadership, Switzerland reached the quarterfinals at the 2022 Olympics, a tournament that required strict COVID‑19 testing and saw the NHL abstain due to pandemic concerns. China imposed some of the world’s toughest COVID‑19 protocols for the Beijing Games, mandating vaccination or a three‑week quarantine for all athletes—a rule that Swiss snowboarder Patrizia Kummer chose to follow. The International Olympic Committee has not yet commented on the incident.

Italy has suspended the automatic renewal of its defence agreement with Israel, Prime Minister Giorgia Meloni said on Tuesday in Verona. The pact, originally approved in 2006 and set to renew every five years, encompasses joint development of military equipment, technology research, training of personnel and information‑technology cooperation. Meloni explained that the decision reflects “the current situation,” referring to a recent episode in which Israeli forces allegedly fired warning shots at an Italian peacekeeping convoy in Lebanon, damaging a vehicle but causing no injuries. In response, Italy summoned the Israeli ambassador to protest the incident, while Israel later called Italy’s ambassador after Foreign Minister Antonio Tajani, also deputy prime minister, condemned the “unacceptable attacks” on Lebanese civilians. Tajani was in Beirut for talks with Lebanese President Joseph Aoun and Foreign Minister Youssef Raggi, and posted on X that he was conveying Italy’s solidarity with Lebanon. Until now, Meloni’s right‑wing government has been one of Israel’s closest allies in Europe. The suspension marks a notable shift in the relationship, although the Israeli government has not issued an immediate reaction. The defence accord, which automatically renews every five years, includes cooperation across defence industries, education and training of military personnel, research and development, and information‑technology initiatives.

Super Typhoon Sinlaku, a powerful storm system, is bearing down on the remote Mariana Islands in the northern Pacific Ocean. The storm, which formed on April 9, has sustained winds of 278 km/hour (173 mph) and is moving at a slow pace of about 14 km/hour (9 mph).The super storm was approximately 68 nautical miles (126km) southeast of the island of Saipan in the Northern Mariana Islands at about midday on Tuesday local time. While Sinlaku appears to be weakening and could pass by the Northern Mariana Islands with the strength of a Category 4 or Category 5 storm, it still remains extremely dangerous.The Guam’s Office of Civil Defence warned of widespread rain and flooding along with destructive winds that could cause power outages. Although Guam will likely avoid a direct hit from Sinlaku, the island will still encounter high winds of up to 64 to 80 km/hour (40 to 50 mph) and gusts of up to 105 km/hour (65 mph).The office also warned the island’s 170,000 residents to stay out of the water, as dangerous sea conditions are expected to last until Thursday. Before turning towards Guam and the Northern Marianas, the storm left significant damage to the outer islands and atolls of Chuuk in the Federated States of Micronesia.

The trial of Diego Maradona's medical team has resumed in Argentina, nearly a year after it was halted due to a judicial scandal. Maradona, considered one of the world's greatest football players, died in November 2020 at the age of 60.He passed away from heart failure and acute pulmonary edema two weeks after undergoing brain surgery. The new trial aims to determine if Maradona's medical team was responsible for his death.Seven members of his medical team were charged with negligent homicide and have denied the charges. They were facing prison sentences of between eight and 25 years.The trial is expected to hear from around 120 witnesses and will last until July. The defence maintains that Maradona died of natural causes, citing his struggles with cocaine and alcohol addictions.Maradona's death brought hundreds of thousands of Argentines onto the streets in mourning during the COVID pandemic. He is lauded as one of the greatest and most iconic players in football history, known for his performance in the 1986 World Cup tournament.