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World Economy Mar 24, 2026

UK Defence Industry in Crisis as Delayed Spending Plan Leaves Firms 'Bleeding Cash'

The UK defence industry is facing a crisis due to a delayed military spending plan, leaving firms s…
The UK defence industry is in a state of crisis as a long-delayed military spending plan has left firms 'bleeding cash' and in 'paralysis'. The six-month delay to the defence investment plan (DIP) has resulted in some companies going bust, while others are struggling to stay afloat.Industry groups have warned that the delay has left the UK behind Germany and the US in attracting investment from global investors. The DIP, originally expected last autumn, has been repeatedly postponed amid warnings that the military faces a £28bn funding gap over the next four years.Samira Braund, the defence director of the ADS Group trade body, described the situation as 'paralysis', stating that the government has not put effective mitigation plans in place. The boss of BAE Systems, Europe's biggest defence contractor, has urged ministers to publish the plan, while some smaller firms have been forced out of business.One such company was MTE Heat Treatment, a Yorkshire-based manufacturer with just over 30 employees that helped make turbine blades for jet engines. It fell into administration in February. Andrew Kinniburgh, the head of the trade body Make UK's defence arm, warned that the delay risks deterring investment in the UK at a time when the US and Europe are also raising military spending.The DIP will show how the government plans to fund its strategic defence review, the blueprint for transforming the military amid growing threats from Russia, rising commitments to Nato and against the backdrop of the US-Israel war on Iran. Ministers accepted all the review's recommendations when it was published last June, but the head of the military, Air Chief Marshal Sir Richard Knighton, told MPs in January that defence cuts would be needed without more funding.
#defence #military #cash
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Sports Mar 23, 2026

US Security Concerns Rise as $625M in World Cup Funding Stalls

The US is facing growing security concerns ahead of the 2026 FIFA World Cup due to a delay in $625 …
The United States is experiencing rising security concerns as the 2026 FIFA World Cup approaches, with intelligence briefings warning of potential extremist attacks and civil unrest. The event, set to take place in June and July across the US, Canada, and Mexico, is expected to draw hundreds of millions of dollars in revenue and attract massive crowds. **A significant delay in $625 million in federal security grants** has compounded the issue, with officials warning that the stalled funding could hinder preparations and leave the country vulnerable to threats. The grants, part of a Republican-backed spending bill passed in July 2025, were initially expected to be allocated by January 30, but have yet to be distributed. The intelligence briefings, obtained by Reuters, have highlighted the risk of **extremist attacks on transportation infrastructure** and civil unrest related to President Donald Trump's immigration crackdown. There are also concerns about the presence of US Immigration and Customs Enforcement (ICE) officers and potential retaliatory threats. **The Federal Emergency Management Agency (FEMA) announced on Wednesday that it had awarded the grants**, which will be used to bolster security preparations. However, officials have expressed concerns that the delay could impact the ability to prepare for the event, with some warning that it will be 'extremely tight' to get everything in place in time. The security concerns extend beyond the matches themselves, with **FIFA Fan Festival events** also posing a risk. Several World Cup and state officials have expressed concerns about the potential for large crowds to gather and the risk of hostile actions by lone actors or extremist elements. **The event is expected to draw massive crowds and significant attention**, with 104 matches scheduled to take place across the US, Canada, and Mexico. US Representative Nellie Pou, a Democrat representing a district in New Jersey that includes MetLife Stadium, one of the sites where games will be played, said that each of the World Cup's 104 matches would be equivalent to a Super Bowl.
#cup #world #security
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News Mar 23, 2026

US Deploys ICE Agents to Airports Amid Funding Crisis and Security Delays

The US government has begun deploying Immigration and Customs Enforcement (ICE) agents to assist in…
The US government has initiated the deployment of hundreds of Immigration and Customs Enforcement (ICE) agents to airports across the country to address significant staffing shortages and security concerns. This move comes as a result of a prolonged federal funding battle that has led to long delays and congestion at airport security screening stations.According to reports, ICE and Homeland Security Investigations officers are being deployed to more than a dozen airports, including major hubs such as New York’s John F Kennedy International Airport and Hartsfield-Jackson Atlanta International Airport. The deployment aims to support the Transportation Security Administration (TSA) workers, who have been working without pay due to the funding lapse.The funding crisis began on February 14, when some Department of Homeland Security (DHS) funding lapsed due to disagreements over reforms in the wake of President Donald Trump’s immigration policies. This has resulted in TSA agents working without pay and over 300 employees quitting since the shutdown began.While the deployment is intended to alleviate security concerns, it has raised serious concerns among Democrats and some Republicans. They argue that untrained ICE agents could fuel tensions and are not equipped to handle airport security duties. House Democratic leader Hakeem Jeffries and Republican Senator Lisa Murkowski have expressed opposition to the plan, emphasizing the need to resolve DHS funding issues and pay TSA agents.In response to the deployment, President Trump has requested that ICE agents remove their face masks while working at airports, citing concerns about their visibility. However, the move has been met with criticism, with some arguing that it could lead to additional tensions at already strained airport security checkpoints.
#agents #airports #ice
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News Mar 23, 2026

Air Canada Flight Collides with Fire Truck at NYC's LaGuardia Airport, Killing Two

An Air Canada Express flight collided with a fire truck on the runway at LaGuardia Airport in New Y…
At least two people have been killed in a tragic incident involving an Air Canada Express flight that struck a ground vehicle while landing at New York's LaGuardia Airport. The accident occurred on Sunday night, and the airport has been closed since then, with flights diverted to other airports. The aircraft, operated by Jazz Aviation, a regional partner of Air Canada, collided with a firefighting truck on Runway 4 at approximately 11:40 pm on Sunday (03:40 GMT on Monday). The vehicle was driving to respond to a separate incident. According to the Port Authority, 32 of the 41 injured individuals had been released by Monday, while nine remained hospitalized with serious injuries. The passengers and crew members on board Flight AC8646, which departed from Montreal, included 76 people, four of whom were crew members. The CRJ-900 aircraft struck the vehicle at a relatively low speed of 39 kilometers per hour (24 miles per hour). Emergency response protocols were immediately activated, and the US Federal Aviation Administration (FAA) issued a ground stop for all departures to LaGuardia. The National Transportation Safety Board has dispatched a 'go team' to investigate the collision. The incident has caused significant disruptions, with arriving planes being diverted to other airports or returning to their point of origin. New York's Emergency Management has warned of potential cancellations, road closures, traffic delays, and emergency personnel presence near the airport. LaGuardia Airport, which served 33.5 million passengers in 2024, has been experiencing flight disruptions due to poor weather and staffing impacts from a federal funding lapse.
#airport #laguardia #new
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World Economy Mar 22, 2026

The SBA's Politicization Hurts Small Businesses

The Small Business Administration's new policy of denying loans to non-citizen small business owner…
The recent decision by the Small Business Administration (SBA) to deny loans to small business owners who are not US citizens has raised concerns about the politicization of the agency. Kelly Loeffler, the new administrator of the SBA, announced that the agency would no longer approve loans to small business owners unless they are US citizens, effectively excluding legal immigrants with green cards and full residency from accessing loans.This move has been criticized for being a political decision that harms small businesses and the economy. The SBA's mission is to support small businesses, which are the backbone of the US economy. By denying loans to certain entrepreneurs, the agency is limiting access to capital and hindering the growth of small businesses that could benefit their communities and the country at large.The decision is also seen as a reaction against the Biden administration's efforts to promote diversity and inclusion. Under Biden, the SBA had often featured diverse groups of business owners in its marketing materials, but this new policy seems to be tailoring the message to serve the Trump administration's political agenda.Supporting small businesses should not be a controversial position, and most of the time it is not. However, the SBA's politicization has made it a propaganda tool for the party in power, rather than a neutral agency serving the interests of small businesses.To address this issue, some suggest taking the SBA out of the government and spinning it off into a separate entity, similar to the Manufacturing Extension Partnership or the MITRE Corporation. This entity would be funded by both the government and private industry and would be required to report to Congress through its existing small business committees.The goal of this new entity would be to coordinate government loan guarantees, assist with federal funding, and provide training, counseling, and support to small businesses. This would help to insulate the agency from political cycles and ensure that it serves the interests of small businesses, rather than the interests of the party in power.
#small #businesses #sba
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Uk News Mar 19, 2026

UN's Next Moves Spark Trepidation Among Women's Rights Advocates

The UN's proposal to merge two agencies, UN Women and UNFPA, has raised concerns among feminist gro…
The recent pronouncement by a judge in Afghanistan, stating 'a few beatings won't kill you,' when rejecting a woman's divorce request from her abusive husband, highlights the dire situation for women under Taliban rule. This barbaric stance is not isolated but part of a broader global pushback against women's rights.The Heritage Foundation, architect of Project 2025, has published a report advocating for a deeply patriarchal model that encourages women to have more babies earlier in life and discourages further education and careers. This vision aligns with Donald Trump's second term agenda and has sparked concern among women's rights advocates.The proposed UN merger of UN Women and UNFPA has caused alarm among feminist groups. They warn that this consolidation will lead to reduced funding for gender equality programs and give countries like the US, which are hostile to women's rights, more influence over global structures supporting gender equality.UN Secretary General António Guterres noted that the world remains male-dominated, and there are well-funded efforts to maintain this status quo. The UN's next moves will be closely watched, as they have significant implications for women's rights globally.
#women #rights #more
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World Economy Mar 17, 2026

Climate Crisis Insurance May Save El Salvador's Surfing Waves

El Salvador's Oriente Salvaje surf spot is threatened by climate-related disruptions. A parametric …
In El Salvador, the Oriente Salvaje surf spot, known for its world-class breaks, Las Flores and Punta Mango, is facing significant threats from climate change. The local economy, heavily reliant on surf tourism, sputters to a halt due to intense tropical storms causing flooding and disrupting transport routes.To mitigate these risks, Rodrigo Barraza, a local surfer, teamed up with Save the Waves, an international surfing nonprofit organization. They took out a parametric insurance policy for Oriente Salvaje, which can be used to support recovery from climate change impacts. This policy is triggered when damaging conditions cross a predetermined threshold, such as wind speed or rainfall level.The project aims to provide rapid support for the local community, which includes hotels, restaurants, surf shops, fishers, and drone experts. A survey of 50 local businesses showed that, on average, 70% of their income was dependent on surf tourism. Several informal operators, such as surf photographers, guides, and boat drivers, are especially vulnerable to changeable weather.The payout will be triggered once weather conditions reach an extreme associated with observable income loss. It will be distributed to anywhere between a few hundred and several thousand beneficiaries in the region. The size of the payout is still being determined, as well as which insurer it will be, but Save the Waves hopes to have a pilot running by June.The pioneering program has not been hurdle-free. Angelo Picardo, Save the Waves' local coordinator, says: "El Salvador is a developing country and we don't have an insurance culture – people don't even have health insurance – so there's a lot of work you have to do on the ground to bring people on board."Another challenge has been funding the premiums without burdening local businesses. Save the Waves is in talks with the Salvadorian government, which since 2019 has been channelling millions from loans into a nationwide surf tourism initiative.This type of insurance is bound to spread as more communities and ecosystems experience weather extremes. However, Swenja Surminski, an international expert on innovative insurance for ecosystems, warns that "parametric solutions must be combined with broader resilience and adaptation strategies".
#surf #insurance #waves
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World Economy Mar 16, 2026

Conservation Plots a Future Without American Aid

The article discusses the impact of the dismantling of USAID on global conservation efforts, partic…
The USAID agency was a primary financial backer of Liberia's eco-guards, who help protect species from poaching and trafficking. The eco-guards, all of whom live in forest communities, patrol for signs of illegal activity and share their findings with rangers from nearby parks and forests.In late January 2025, the SCNL learned that USAID, the eco-guards' primary financial backer, was being dismantled by the Trump administration and that funding had been abruptly suspended. The SCNL programme manager, Michael E Taire, a Liberian who lives in the capital, Monrovia, spent several days travelling over rough forest roads to break the news to the eco-guards, who were shocked and distraught.Conservation organisations large and small lost tens of millions of dollars, forcing some to function with a fraction of the resources they had expected and others to shut down programmes entirely. Efforts to address the root causes of wildlife trafficking across the globe were axed, as was USAID's forest-protection programme in the Congo basin of central Africa, one of the agency's largest and most enduring endeavours.David Kaimowitz, a longtime advocate of community-led conservation in the Amazon basin and Central America, puts it bluntly: 'We’re talking about an end to a whole era of conservation.'Diane Russell, an American anthropologist who has worked for USAID in the Congo basin since the 1980s, says the agency helped draw international attention and funding to the region’s remarkably rich remaining forests, which are home to mountain gorillas and forest elephants. It also enabled conservation to continue through extraordinarily difficult conditions.'The callous glee with which [the Trump] administration choked off aid is something I will never forgive or forget,' Kevin Starr writes.'We cannot replace USAID, but we can do big things, because we, the locals, were the engine behind what USAID was doing in this region,' Dida Fayo says.
#usaid #conservation #liberia
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