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World Economy Apr 14, 2026

UK Pushes for More North Sea Gas to Cut Dependence on US LNG and Lower Emissions

National Gas confirms the UK will meet summer demand without LNG, but analysts warn that long‑term …
National Gas announced that the United Kingdom will have enough gas to satisfy summer demand despite recent tensions in the Strait of Hormuz. The network, which runs the country’s gas pipelines, says domestic and Norwegian supplies will cover the low‑usage months, meaning liquefied natural gas (LNG) imports will be minimal this summer. The real challenge lies ahead. While renewable rollout is accelerating, gas will remain a core part of the UK’s energy mix for at least the next two decades. It accounts for about 37% of total gas consumption in 2024, with domestic heating being the largest single use. Replacing millions of boilers with heat pumps cannot happen quickly, especially given the current sluggish pace. Government plans for 2030 still require the full 35 GW of gas‑fired generation capacity to stay online as backup. Energy department data released in early 2025 showed gas demand “broadly stable” for the third consecutive year, representing roughly half of the nation’s 75.2% fossil‑fuel dependency. In the debate over new North Sea drilling licences, the key question is where future gas will come from. Oxford energy economist Sir Dieter Helm, speaking on a Chatham House podcast, warned that gas will dominate the energy supply for the next decade or two and that the cheapest, least polluting option is pipeline gas—not LNG. Analysis from Wood Mackenzie confirms this hierarchy. Pipeline gas from modern Norwegian platforms has the lowest carbon intensity, followed by UK North Sea pipelines. By contrast, LNG adds significant emissions during liquefaction and regasification, and US LNG is the most carbon‑intensive because much of it originates from shale gas with higher methane leakage. Wood Mackenzie’s import forecasts to 2045 paint a stark picture: if domestic production wanes, the UK could rely on US LNG for over 60% of its total gas supply by 2035. The firm notes that Middle‑East gas is geared toward Asian markets, while US cargoes are increasingly directed to Europe, raising concerns about over‑reliance on a single supplier. These projections underpin the argument for expanding UK North Sea extraction. More domestic drilling would reduce dependence on US LNG—a geopolitical risk given the United States’ tendency to use energy as a foreign‑policy lever—and would also lower the overall carbon footprint of the gas supply chain. Critics often claim that North Sea output is exported, so it does not improve national security. Two counter‑points are clear: first, gas delivered directly via pipeline to the UK network is inherently more secure than trans‑Atlantic cargoes; second, the UK could negotiate long‑term, fixed‑price contracts with producers, a model that worked well in the early days of North Sea development. None of this diminishes the importance of renewables and nuclear power. Electrification remains the long‑term goal, but gas will stay in the energy basket for years to come. Offshore Energies UK estimates that, with a pragmatic licensing approach, reliance on LNG could be limited to 6% of total gas supplies by 2035. Assuming political stalemate eases, the pending approval of the Jackdaw field—accounting for roughly 6% of current domestic production—could spark a more nuanced debate about the UK’s gas procurement strategy, moving beyond the simplistic “renewables vs. gas” narrative. Reflecting on the recent Iran‑UK conflict, Prime Minister Rishi Sunak highlighted the need for “secure, homegrown energy”. The logical follow‑up is twofold: accelerate electrification to cut gas demand, and while gas remains essential, avoid turning the UK into an “energy prisoner of the US”. Beyond the geopolitical and environmental benefits, expanding North Sea output would also support jobs, tax revenue, and the balance of payments.
#gas #more #north
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Environment Apr 14, 2026

UK Households Urged to Boost Renewable Energy Use This Summer

The UK's National Energy System Operator (Neso) plans to encourage households to increase their ene…
The UK's National Energy System Operator (Neso) is set to launch a new initiative urging households to boost their consumption of renewable energy during periods of high production. This move aims to balance the power grid and reduce energy bills, which are expected to rise to almost £2,000 a year from July. Under the plan, households may be encouraged to run appliances like dishwashers and washing machines, or charge electric vehicles, during times when there is a surplus of wind and solar power. Energy suppliers may offer discounted or free electricity during these periods. The goal is to avoid making costly payments to turn off wind and solar farms when demand is low, which ultimately affects energy bills. This approach could prove popular as households face rising energy costs. Great Britain has recently set records for solar power and is expected to have a summer where the grid could run entirely on zero-carbon electricity. The country is also anticipated to be a net importer of electricity from continental Europe. The abundance of low-carbon electricity supplies poses a risk of grid overload on breezy summer weekends, potentially leading to unplanned blackouts. However, future grid upgrades and increased power consumption by electric vehicles and green technologies are expected to mitigate this issue. Businesses and manufacturers will also be able to increase their electricity demand during certain times in exchange for better rates. Additionally, the UK is expected to have sufficient gas supplies to meet its needs this summer, primarily relying on North Sea gas from Norway and the UK.
#National Energy System Operator #renewable energy #solar power
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News Apr 14, 2026

Senator Bernie Sanders Moves to Block $500 Million in US Arms to Israel as Iran Conflict Escalates

Senator Bernie Sanders announced he will force a Senate vote on a resolution to halt roughly $500 m…
Senator Bernie Sanders declared on Monday that he will force a vote later this week on a resolution designed to stop the sale of nearly $500 million in bombs and bulldozers to the Israeli military. The procedural maneuver bypasses the Senate majority leader, signaling a direct challenge to the administration’s policy of unconditional support for Israel.Sanders framed the measure as a response to what he described as the "extremist Netanyahu government" responsible for alleged genocide in Gaza, arguing that American taxpayers should not fund further military operations that exacerbate civilian suffering.While the Republican‑controlled Senate is unlikely to approve the resolution, the vote will serve as a barometer of Democratic sentiment toward Israel, especially as anger over the U.S.–Israel war on Iran and ongoing atrocities in Gaza and the West Bank intensifies.Last year, Sanders introduced a comparable bill that was defeated 27‑70. At that time, a majority of Senate Democrats had supported the effort, reflecting an erosion of the once‑solid bipartisan consensus backing Israel.Public opinion data underscores this shift: a February Gallup poll found that only 46 % of Americans hold favourable views of Israel, and a mere 17 % of Democratic respondents say they sympathise more with Israelis than Palestinians.Since the conflict began, the United States has provided Israel with over $21 billion in military assistance during the first two years of the Gaza war, a figure that critics argue fuels continued violence.Adding pressure from the advocacy side, liberal Zionist organization J Street issued its first call to phase out U.S. aid to the Israeli military, citing the combined impact of the Gaza war, rising extremist activity in the West Bank, and the U.S.–Israel confrontation with Iran.J Street urged Washington to consistently apply existing legal restrictions—such as the Leahy Law—that prohibit security assistance to countries implicated in human‑rights abuses, a standard it says has been routinely overlooked in Israel’s case.The upcoming Senate vote, therefore, not only tests the durability of the U.S.–Israel security partnership but also reflects a broader reevaluation of American foreign‑policy priorities amid a volatile Middle‑East landscape.
#israel #war #sanders
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Politics Apr 14, 2026

White House Report Proposes Regulatory Cuts to Bridge 10‑Million‑Home Shortage and Boost US Growth

A new White House Economic Report estimates a 10 million‑home deficit and argues that cutting build…
The White House Council of Economic Advisers released an analysis estimating that the United States faces a shortage of roughly 10 million homes. The report argues that easing regulatory burdens could unlock a construction surge, stabilise home prices, expand home‑ownership and accelerate overall economic growth. President Donald Trump signed two executive orders in March directing federal agencies to reduce housing‑regulation costs and to facilitate mortgage lending by smaller banks. Yet, critics note that the administration has been slow to prioritize high housing costs amid falling approval ratings tied to tariffs, the US‑Israel conflict with Iran, and unmet inflation‑reduction promises. Mortgage rates have risen from just under 6 % to 6.37 % for a 30‑year loan, further inflating the cost of home purchase. Trump has publicly defended higher home prices to protect existing owners, stating, “I don’t want to drive housing prices down… I want to drive housing prices up for people that own their homes.” The housing chapter of the annual Economic Report of the President, obtained by the Associated Press, outlines a blueprint showing how increased homebuilding could benefit the middle class and the broader economy, providing a potential political narrative for the president. According to the report, if homebuilding had continued at its pre‑2008 pace, the nation would have **10 million more houses** today. The 2008 crisis, driven by risky lending and a housing bubble, still casts a long shadow. Home prices have surged **82 % since 2000**, while median incomes have risen only **12 %**, a disparity previously softened by historically low mortgage rates. The post‑COVID inflation spike and higher rates have made affordability a top concern for voters under 40. Regulatory costs—dubbed the “bureaucrat tax”—are estimated to add **over $100,000 per new home** through updated building codes, compliance fees and zoning approvals. The report projects that trimming these costs could enable the construction of **up to 13.2 million homes**, potentially delivering an **average 1.3 percentage‑point boost to annual GDP** over the next decade and supporting **two million manufacturing and construction jobs**. One administration official, speaking on condition of anonymity, suggested that federal funding to states could be tied to regulatory reductions, creating a financial incentive for local governments. The analysis also criticises the green‑energy housing standards introduced under former President Joe Biden, which mandate more efficient HVAC systems and water‑heater requirements. Citing a 2021 National Association of Home Builders study, the report claims these standards could add **up to $31,000** to a new home’s price, with a **payback period of up to 90 years** for homeowners via lower utility bills. While rolling back such standards might lower upfront costs, the report acknowledges potential long‑term utility‑bill increases for owners. Legal challenges further complicate the picture: a Texas federal judge recently sided with 15 Republican‑led states, deeming the Biden‑era standards for federally backed housing **unlawful**. Overall, the White House’s proposal positions regulatory reform as a lever to address the housing deficit, stimulate economic growth, and generate jobs, while navigating the political and environmental trade‑offs inherent in the debate.
#White House #Biden administration #HUD
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Business Apr 14, 2026

French Court Convicts Lafarge of Financing Terrorism in Syria

A French court has found Lafarge guilty of financing terrorism through its Syrian subsidiary, finin…
A French court has convicted cement giant Lafarge of financing terrorism through its Syrian subsidiary, fining the company €1.12 million ($1.32m) and confiscating €30 million ($35.1m) worth of its assets. The court also sentenced former CEO Bruno Lafont to six years in jail.The Paris court ruled that Lafarge had paid protection money directly to ISIL (ISIS) and other armed groups, breaching European sanctions to operate in northern Syria during the country's civil war in 2013-2014. The company paid a total of €5.59 million ($6.55m) to armed groups in Syria, including to ISIL and the al-Nusra Front.The court found that Lafarge's payments helped to strengthen groups that carried out deadly attacks in Syria and beyond. The company's former deputy managing director, Christian Herrault, was sentenced to five years in jail, while other former employees received fines and sentences ranging from one to seven years.The case marks the first time a company has been tried in France for financing terrorism. Lafarge, now part of Swiss building materials conglomerate Holcim, acknowledged paying nearly €13 million ($15.2m) to middlemen to keep its Syrian cement factory running during the war. The company claimed it bore no responsibility for the money winding up in the hands of armed groups.In a separate case in the United States, Lafarge admitted to paying $6m to ISIL and the al-Nusra Front to allow employees, customers, and suppliers to pass through checkpoints. The company paid $778m in forfeiture and fines as part of a plea agreement.
#Lafarge #ISIL #European sanctions
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Business Apr 14, 2026

IBM Settles DOJ DEI Lawsuit with $17 Million Payment

IBM agreed to a $17 million settlement with the U.S. Department of Justice to resolve allegations o…
BackgroundOn 2026-04-13, IBM entered a $17 million settlement with the U.S. Department of Justice (DOJ).The DOJ alleged IBM considered "race, color, national origin, or sex" in hiring and promotions and misused government‑contract funds for DEI initiatives.Former Florida Attorney General Pam Bondi had urged the DOJ to target illegal DEI programs in companies receiving federal money.Settlement DetailsIBM denied wrongdoing; the settlement is not an admission of liability.The payment resolves claims that IBM used contract funds for DEI programs and then sought reimbursement.This marks the first enforcement action under the DOJ’s Civil Rights Fraud Initiative, which targets recipients of federal funds who violate civil‑rights laws.Strategic ImpactThe $17 million fine represents roughly 0.03% of IBM’s FY2025 revenue of about $60 billion, indicating a modest direct financial hit but a significant reputational signal. The settlement may prompt IBM and other federal contractors to reassess DEI budgeting and compliance frameworks to avoid future litigation.Analysts view the case as a bellwether for how the DOJ will enforce civil‑rights compliance in the private sector, especially for firms that rely on government contracts.
#IBM #Department of Justice #DEI
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Politics Apr 13, 2026

India Police Deploy Tear Gas as Factory Workers Protest for Higher Wages

Police in India's capital suburb of Noida used tear gas to disperse a protest by factory workers de…
In a dramatic escalation, police in Noida, a suburb of the Indian capital, deployed tear gas to quell a four-day-old protest by factory workers on Monday. The demonstration had turned violent, with protesters torching vehicles and peltng stones in parts of the satellite city.The police stated that they used "minimum force" to maintain law and order. Narendra Kashyap, a lawmaker from the northern state of Uttar Pradesh, where Noida is located, urged protesters to engage in discussions with the government regarding their demands.Senior police and administrative officials are making persistent efforts to counsel the workers and encourage them to maintain peace and restraint, according to a statement by the Gautam Budh Nagar police.The protest visuals showed dozens of protesters marching on the street, chanting slogans, while security personnel in anti-riot gear looked on. Other images depicted an overturned vehicle with flames and protesters attempting to break through barricades.Noida, one of Asia's largest planned industrial townships, houses thousands of industrial units. The rising living costs globally, exacerbated by the US-Israel conflict with Iran which has impacted fuel supplies, have added to the workers' grievances.In a similar protest in the neighboring state of Haryana last week, the government ordered a 35 percent increase in minimum wages following demonstrations near production units of several car manufacturers.Vinay Mahoti, a 30-year-old worker from Bihar employed at a hosiery company in Noida, highlighted the workers' demands, including fixed duty hours, overtime pay, and adherence to federal government guidelines by companies.
#India #Noida #tear gas
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Politics Apr 13, 2026

Pope Leo XIV Marks Historic First Visit to Algeria, Kicks Off 11‑Day African Bridge‑Building Tour

Pope Leo XIV arrived in Algiers for the first ever papal visit to the Muslim‑majority nation, launc…
Pope Leo XIV touched down in Algiers on Monday morning, becoming the first pontiff ever to set foot in Algeria, a nation of roughly 48 million people where Catholics number fewer than 10,000. The United‑States‑born pontiff, now 70, arrived at about 09:00 GMT aboard his papal aircraft, according to an AFP journalist on the scene. The historic landing opens a 11‑day, four‑country African itinerary that will see Leo travel to Cameroon, Angola and Equatorial Guinea after two days in Algeria. Over the course of the tour he will cover nearly 18,000 km on 18 flights, addressing audiences in Italian, English, French, Portuguese and Spanish. During his stay in Algeria, the pope will pay homage to the victims of the 1954‑1962 war of independence from France and will visit both the Great Mosque of Algiers – home to the world’s tallest minaret – and the Basilica of Our Lady of Africa overlooking the Bay of Algiers. He will also pray privately at a chapel dedicated to the 19 clergy murdered during Algeria’s 1992‑2002 civil war, though he will not visit the Tibhirine monastery, site of the 1996 monk kidnapping. The Vatican has scheduled 25 speeches for the 11‑day journey, covering topics such as natural‑resource exploitation, Catholic‑Muslim dialogue, and the dangers of political corruption. Vatican spokesperson Matteo Bruni highlighted that the four nations face a “diverse set of challenges,” from authoritarian rule to human‑rights concerns. One of the tour’s marquee events is expected in Cameroon’s coastal city of Douala, where the Vatican anticipates a crowd of roughly 600,000 for a mass on Friday. Both Cameroon and Equatorial Guinea have long‑standing presidents who have faced accusations of rights abuses, underscoring the diplomatic nuance of Leo’s visit. According to recent Vatican statistics, Africa supplied more than half of the 15.8 million new Catholics baptized worldwide in 2023 – that’s 8.3 million new African Catholics. The continent also increasingly exports clergy, with Angola and Cameroon consistently ranking among the top producers of seminarians. Archbishop Jean‑Paul Vesco, head of the Algiers archdiocese, framed the trip as an effort to “build bridges between the Christian and Muslim worlds.” The pope’s broader African outreach follows a limited overseas record since his May 2025 election, which includes trips to Turkey, Lebanon and Monaco. By embarking on this unprecedented journey, Pope Leo XIV seeks to reinforce the Vatican’s commitment to interfaith dialogue, highlight Africa’s growing influence within the global Catholic Church, and encourage political leaders across the continent to address corruption and promote peace.
#Pope Leo XIV #Algeria #Cameroon
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Politics Apr 13, 2026

Trump Media Withdraws Defamation Lawsuit Against The Guardian Over Russian‑Linked Funding Claims

Trump Media and Technology Group (TMTG) has dismissed its defamation case against The Guardian and …
Trump Media and Technology Group (TMTG), the parent company of the Truth Social platform, has formally withdrawn its defamation claim against The Guardian and two additional defendants. The suit had challenged a March 2023 Guardian report alleging that federal prosecutors were investigating $8 million in payments received by TMTG from entities with connections to Russian President Vladimir Putin. The dismissal was filed in the 12th Judicial Circuit Court in Sarasota County, Florida, on Friday. By withdrawing without prejudice, TMTG retains the option to re‑file the case at a future date. The Guardian’s original article said New York prosecutors opened a criminal inquiry into money wired to TMTG via the Caribbean by two parties that appeared to be partially controlled by an associate of a Putin ally. At the time, TMTG was preparing for a merger with Digital World Acquisition Corp (DWAC) that would have created a company valued at roughly $1.3 billion. Feeling vulnerable to accusations of receiving funds from a potentially hostile source, TMTG sued for libel, asserting that the Guardian’s statements were false and defamatory. In November, Judge Hunter W. Carroll dismissed the case against Guardian News and Media Ltd., Penske Media Corporation (owner of Variety), and former TMTG founder‑turned‑whistleblower Will Wilkerson, citing a failure to prove actual malice. Carroll, appointed by former Florida Governor Rick Scott, allowed TMTG to file an amended complaint, which the company did in January. A hearing was scheduled for the following Tuesday, but TMTG’s sudden withdrawal halted the proceedings. No reason was provided for the abrupt change. The Guardian has been contacted for comment. In April 2024, a lawyer for Trump sent The Guardian a letter calling its reporting “false” and a “hoax,” insisting that litigation would continue until the outlet retracted the story. Despite the legal tussle, there is no evidence that TMTG or its executives knowingly concealed the origin of the loans. No criminal charges have been brought against the company. Guardian News and Media responded, welcoming the voluntary dismissal and emphasizing that its reporting was based on meticulous fact‑checking, credible sources, and thorough documentation, while characterizing TMTG’s claims as meritless. The dismissal marks a rare retreat for Trump’s legal team, which has pursued an increasingly aggressive strategy against media outlets during his second presidential term, securing several high‑profile settlements with broadcasters such as ABC and CBS. Trump is currently pursuing a $15 billion defamation suit against The New York Times and a $10 billion claim against the BBC, alleging editorial manipulation of his speeches. Both cases have been described by the defendants as groundless and potentially chilling to press freedom. The Guardian’s investigation focused on two emergency loans TMTG received in December 2021 and February 2022, when the company faced a financial crisis after its merger with DWAC was delayed by SEC and FINRA investigations. Wire‑transfer records traced a $2 million payment through Paxum Bank, a Dominica‑registered institution, and a subsequent $6 million payment involving the ES Family Trust, whose trustee also served as a Paxum director. Federal prosecutors in the Southern District of New York examined Paxum Bank’s ownership, identifying a link to Anton Postolnikov, a relative of Aleksandr Smirnov, an associate of Putin.
#Trump Media and Technology Group #The Guardian #Russian-linked funding
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