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World Economy Mar 23, 2026

Iran War Threatens Global Food Security with Fertiliser Shortage

The ongoing war in Iran has triggered a potential global food crisis due to a looming shortage of f…
The conflict in Iran has sparked concerns about a potential global food crisis due to a looming shortage of fertiliser, a crucial component in food production. The Strait of Hormuz, a vital shipping route, has been disrupted, impacting the export of fertilisers from Gulf countries.On March 2, Ebrahim Jabari, a senior adviser to the commander-in-chief of Iran's Islamic Revolutionary Guard Corps (IRGC), announced that the Strait of Hormuz was 'closed', causing oil prices to soar above $100 per barrel. However, experts warn that a parallel crisis is emerging - a considerable threat to global food security due to a shortage of fertiliser.Nearly half of the world's traded urea, the most widely used fertiliser, and large volumes of other fertilisers are exported from Gulf countries via the Strait of Hormuz. Recent disruptions to gas supplies and shipping have already forced fertiliser plants in the Gulf and beyond to shut or cut their output.Countries such as India, Brazil, and China are heavily dependent on Gulf fertiliser exports, with India sourcing over 40% of its urea and phosphate fertilisers from the region. A prolonged fertiliser shortage and hike in fertiliser prices could lead to reduced crop yields, affecting food security worldwide.The urea export prices from the Middle East have surged by about 40%, rising from just less than $500 to a little more than $700 per metric tonne. The price is currently close to 60% higher than this time last year.According to one shipping services company, 20% of the world's fertiliser originates in the Gulf, while 46% of global urea supply comes from the Gulf. Qatar Fertiliser Company (QAFCO), considered the world's largest urea supplier, alone supplies 14% of the world's urea.Analysis by Kpler, a data and analytics company, shows that as much as one-third of global fertiliser trade could be disrupted if the closure of the Strait of Hormuz persists. This could lead to nitrogen fertiliser prices doubling and phosphate prices climbing by about 50%.
#fertiliser #percent #world
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News Mar 23, 2026

Trump Mocks Starmer with SNL Skit as US-UK Tensions Rise Over Iran War

US President Donald Trump shared a satirical video mocking UK Prime Minister Keir Starmer's relucta…
US President Donald Trump has taken to social media to mock UK Prime Minister Keir Starmer, sharing a Saturday Night Live (SNL) skit that depicts Starmer panicking at the prospect of a call with Trump. The skit, which aired on the premiere of the new British version of SNL, shows Starmer, played by George Fouracres, trying to avoid a call with Trump.The video was shared on the same evening that Trump and Starmer spoke about the escalating tensions in the Middle East and the US-Israel war on Iran. During their call, the two leaders focused on the need to reopen the Strait of Hormuz, which has been effectively blocked by Iran since the US and Israel launched strikes on February 28.The closure of the strait has sent oil prices soaring, creating the biggest energy crisis since the 1970s. Trump has repeatedly criticized Starmer for not doing enough to support the US efforts to break the blockade, accusing him of being a 'coward' and saying he is 'disappointed' in him.Starmer has asserted that any attempt to reopen the Strait of Hormuz needs careful consideration and a viable plan, and that his number one priority is to protect British interests and de-escalate tensions. The UK government has given authorization for the US to use its military bases to carry out strikes on Iranian missile sites that were attacking ships in the Strait of Hormuz.
#starmer #trump #iran
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World Economy Mar 23, 2026

Iran War Enters Critical 24th Day: Escalation, Market Fallout, and Rising Casualties

As the US-Israel military campaign against Iran enters its 24th day, a critical deadline for the St…
The military campaign launched by the United States and Israel against Iran has entered its 24th day, bringing the region to a precarious juncture. As US President Donald Trump’s 48-hour ultimatum for Iran to reopen the Strait of Hormuz approaches its expiration at 23:44 GMT on Monday, Tehran has issued stern warnings regarding the potential targeting of its electricity grid. In response, Iran has vowed to strike the energy and water systems of its Gulf neighbors, raising fears of a broader regional energy crisis.The conflict is already having tangible repercussions on the global economy. Financial markets are reacting sharply to the escalating tensions, with stocks in China and Hong Kong on track for their worst performance in nearly a year. The uncertainty has fueled stagflation fears, prompting UK Prime Minister Keir Starmer to convene an emergency meeting to address the mounting economic fallout.In Iran, the situation remains volatile. The Israeli military has conducted a wide-scale wave of strikes targeting infrastructure across Tehran, resulting in powerful explosions reported in the central, southern, and eastern parts of the capital. Verified footage shows massive columns of fire and smoke rising over Karaj following an air attack. The Iranian Revolutionary Guard Corps (IRGC) has retaliated by threatening attacks on power plants in Israel and those supplying electricity to US bases, while also targeting a turbine engine production site in Qom used for drone components.The conflict has also spilled over into Gulf Cooperation Council (GCC) nations. Saudi Arabia’s Ministry of Defence confirmed that two ballistic missiles were launched toward Riyadh, with one intercepted and the other falling in an uninhabited area. The UAE reported debris injuries in the al-Shawamekh area, while Bahrain confirmed attacks on the US Fifth Fleet. In Qatar, seven people were killed in a helicopter crash, and Kuwait has formally protested airspace violations to the International Civil Aviation Organization.The human toll continues to rise. In Israel, alerts were triggered across Jerusalem and central Israel following explosions, with the casualty toll from attacks on Dimona and Arad climbing to at least 180 injured. In Lebanon, authorities report that at least 1,029 people have been killed since March 2, with over 100 of the victims being children. In Iraq, at least 60 people have been killed, primarily among pro-Iran Popular Mobilisation Forces.
#iran #killed #war
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Tv And Radio Mar 23, 2026

Documentary Review: 'Clash of the Superpowers: America vs China' Amidst US-China Trade Tensions

The documentary 'Clash of the Superpowers: America vs China' explores the US-China trade war under …
The documentary 'Clash of the Superpowers: America vs China' offers a unique perspective on the US-China trade war during Donald Trump's presidency. Produced by Norma Percy, known for her work on historical diplomatic events, the film features first-hand testimonies from key figures involved in the negotiations.The documentary begins with Chinese President Xi Jinping's appearance at the Davos forum in 2017, where he positioned himself as a champion of free trade. This move was seen as a pre-emptive strike ahead of Trump's inauguration and the looming trade tensions between the US and China.The film highlights the resentment among Trump's advisers towards China's economic strength and its perceived negative impact on US commerce. Trump's comments on the campaign trail, where he accused China of 'raping' the US, set the tone for the trade war.The documentary features interviews with Trump's advisers, including HR McMaster and John Bolton, who describe Trump's leadership style as 'reflexively contrarian' and chaotic. The film also shows Xi Jinping's calm and calculated approach to negotiations, which contrasts with Trump's unpredictability.A key moment in the documentary is Trump's speech in Beijing, where he surprisingly stated that he didn't blame China for exploiting the US. The film also covers Trump's imposition of tariffs on Chinese imports and Xi's measured response, including a naval display in the South China Sea.The documentary concludes with Trump and Xi's meeting at the G20 in Buenos Aires in 2018, where Xi's systematic approach to negotiations is contrasted with Trump's improvisation. The film ends on a comedic note with Trump's comments on his relationship with Xi, highlighting the chaos and unpredictability of Trump's approach to international relations.
#trump #china #his
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World Economy Mar 23, 2026

Australia's Gas Industry Profits Soar as Households Struggle: A Case for a Fair Share Levy

The Albanese government is considering an extra levy on gas producers' high profits to buffer fuel …
The Albanese government is likely to introduce an extra levy on gas producers' high profits in response to the Iran crisis driving up energy costs for Australians. The prime minister's department has requested Treasury modelling of additional levies on gas companies, stating that energy producers 'should not benefit from high international prices at the expense of domestic customers'.Australia's gas industry is reaping extraordinary profits while households and businesses struggle with high fuel prices. This has sparked calls for a fair share levy to ensure gas companies pay their fair share of tax. The levy, based on Norway's taxation model, would see Australia share around 50% of profits, much more in line with world standards.Currently, Australia shares only 27% of fossil fuel profits, with some estimates as low as 18% when profit is defined in cashflow terms. In contrast, other major fossil fuel exporting countries typically share between 75% and 90% of profits.The fair share levy would provide significant and immediate cost-of-living relief if some of the revenue raised was returned to households. Research shows 87% of voters support a fair share levy, with only 3% disagreeing.Despite potential outrage from the gas industry, the levy is designed to not increase gas prices or deter investment, as seen in Norway's successful implementation. A stable, long-term commitment to the fair share levy would provide investment certainty.
#gas #levy #share
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World Economy Mar 23, 2026

UK Government Considers Winter Support for Household Bills Amid Energy Price Shock

The UK government is exploring options for supporting household bills next winter, with a focus on …
UK Prime Minister Keir Starmer has indicated that the government is considering providing support for household bills next winter, as the energy price shock triggered by the Iran conflict shows no signs of abating. Speaking to the Commons liaison committee, Starmer emphasized the need to examine 'every lever that's available' to help households cope with the cost of living impact. The government is reportedly discussing contingency plans at an emergency Cobra meeting, which will be attended by the governor of the Bank of England. Starmer suggested that any support would likely be targeted at the poorest households, rather than a universal bailout, which he acknowledged would be expensive. Ministers are also exploring means-testing support when the next energy price cap comes to an end in June, as well as in the autumn when energy consumption and bills are higher. 'We're looking at in the first instance what happens when the current price cap ends, which is the end of June,' Starmer said. The prime minister warned that despite US President Donald Trump's decision to postpone airstrikes on Iran's power plants, the energy crisis could continue for months to come. 'All of our focus and energy has to be in the swift de-escalation, but we've got to plan on the basis that it could go on for some time,' he said. In addition to support for household bills, the government is considering giving the Competition and Markets Authority (CMA) 'further teeth' to prevent companies from exploiting the crisis through price gouging or profiteering.
#energy #starmer #but
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Stage Mar 23, 2026

Richard Kind on Delivering Big Performances in 'The Producers'

Richard Kind discusses his role in Mel Brooks' musical 'The Producers' at the Garrick theatre in Lo…
Richard Kind, a versatile actor known for his roles in films like 'Inside Out' and TV shows such as 'Only Murders in the Building', is set to take the stage in London's West End in Mel Brooks' musical 'The Producers'. Kind will play the role of Max Bialystock, a charismatic and cunning Broadway producer, at the Garrick theatre from March 23 to May 9.Kind, who has a reputation for his dynamic performances, describes his interpretation of Max as a 'big bear' who 'lumber' across the stage, drawing inspiration from Zero Mostel, who originated the role in the 1967 film. He contrasts his approach with that of Nathan Lane, who played the role on Broadway, saying, 'Nathan glides. I'm a big bear. I lumber.'The actor, who has had a long and varied career in both comedy and drama, notes that theatre offers him a chance to take on more challenging roles. 'I'm at the point where I can say 'no' to a stage role unless it's challenging,' he explains. Kind's extensive experience includes work with Second City, the Chicago improvisational troupe, and roles in sitcoms like 'Spin City' alongside Michael J Fox.Kind also opens up about his friendship with George Clooney, a close pal who has been publicly criticized by Donald Trump. Kind expresses his protectiveness towards Clooney and his disdain for Trump, showcasing his strong opinions and 'ugly' language when discussing the former president.With his characteristic wit and candor, Kind reflects on his career, stating, 'I'm all over the place! Nobody works more than me.' His performance in 'The Producers' promises to be a highlight of London's theatre scene this season.
#kind #his #says
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Technology Mar 22, 2026

The Illusion of Time: How Our Perception Shapes Reality

The article explores the concept of time and how our perception of it shapes our reality. It delves…
Have you ever felt like you're racing against the clock, constantly chasing appointments and deadlines? This relentless pursuit of time is a universal experience, but what is time, really? Is it a physical phenomenon or just a tool we use to coordinate our lives? Time is often seen as an independent, physical entity that ticks by relentlessly, but emerging scientific evidence suggests that this isn't the case. Time is more like a mathematical tool, useful for coordinating our interactions, but it doesn't have an independent existence of its own. Just like money, we've become dependent on it, but it's not a physical reality. The pressure to be 'on time' is instilled in us from a young age, and we're constantly surrounded by clocks and digital alerts that divide our day into smaller pieces. This has led to a phenomenon known as 'time famine,' where the more efficient and productive we try to be, the less time we feel we have. Studies have shown that people experiencing time famine are less likely to engage in activities they enjoy, eat healthily, or seek medical attention when needed. Our brains don't have dedicated areas for tracking time, and our experience of it can vary greatly. Time can seem to drag or fly by, depending on our circumstances. For example, people with certain conditions, like akinetopsia, experience time in sudden jumps or frozen moments. The psychedelic drug mescaline can also distort time perception, making it seem like hours or even centuries have passed. Quantum physicists have found that time is not a fixed, physical flow. The famous double-slit experiment shows that a physicist's choice of measurement can influence the behavior of a particle. In a lesser-known variant of this experiment, the physicist's choice at the point of measurement can even influence the particle's past behavior. This suggests that time is not a fixed, linear concept, but rather a flexible and subjective experience. Some indigenous cultures, like the Aymara people of Chile, experience time differently. They see the future as hidden behind them, unseeable and unknowable. The Amondawa people of the Amazon have no clocks or concept of time. Instead, they live in the present, experiencing 'lived time,' which is a personal, malleable experience of change. Lived time is different from clock time, as it's not defined by numerical counters or seconds. Each moment is like a tapestry, woven from changes on multiple timescales. When we focus on lived time, it expands and becomes richer, rather than narrowing or contracting. It's a flow that carries us and connects us with others, rather than something we chase and never catch. To combat time famine, we need to remind ourselves that the clock is a tool, not a master. We should beware of digital alerts and alarms that divide our day into smaller pieces and instead focus on the rich pattern of changing connections that wire us into each moment. By doing so, we can tap into the creative process of lived time and experience a more fulfilling and connected life.
#time #our #clock
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Sport Mar 21, 2026

WNBA's Landmark Deal: A New Era of Fairness and Respect for Female Athletes

The WNBA's new collective bargaining agreement marks a significant shift towards fairness and respe…
The WNBA has made history with its new collective bargaining agreement, a seven-year deal that includes a salary cap increase to $7m, maximum salaries approaching $1.4m, and 20% revenue sharing. This landmark agreement is a major step forward for female athletes, who have long faced unequal pay and respect in the sports industry.Jemele Hill, a sports commentator, emphasized that women in sports have had to fight for dignity and respect since the beginning. The previous agreement left WNBA players with only 9% of league revenue, compared to 49-51% for NBA players, 62% for NFL players, and 50% for NHL players. This disparity is a stark reminder of the gender pay gap that persists across industries.The new deal is not just about numbers; it's about changing the narrative for female athletes. As a 'Girl Dad,' the author spoke with his daughters, who play volleyball, about the implications of this agreement. They shared their own experiences with unequal treatment in sports, from being forced to practice outside while boys used the gym to receiving old uniforms.The WNBA players' fight for fair pay and respect sends a powerful message to young girls everywhere. As the author's daughter noted, seeing WNBA players demand fair pay reminds her that she must stand up for her worth and not let society undervalue her. This moment matters, as it shows that solidarity and advocacy can lead to significant change.The causes of the gender pay gap are structural, rooted in unequal opportunities and norms that shape women's careers. However, the WNBA's new deal offers hope for a more equitable future. It's a reminder that fair pay is not just a matter of economics, but also of respect and dignity for female athletes.
#wnba #players #she
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