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Stefano Gabbana left his post as chair of Dolce & Gabbana effective 1 January 2026, describing the move as part of a "natural evolution" of the company’s organisational structure and governance.The luxury house stressed that the resignation will not affect Gabbana’s creative responsibilities within the group.According to Bloomberg, Alfonso Dolce – Domenico’s brother and the group’s chief executive – assumed the chairmanship in January, taking over the role from the co‑founder.Sources indicate that Gabbana is exploring options for his 40 % equity stake as the brand continues negotiations with its bank lenders. In parallel, former Gucci chief Stefano Cantino has been appointed to a senior management position as part of the reshuffle.A D&G spokesperson added that the company “has no statement to make at this time” regarding its debt position, as talks with banks remain ongoing.The Italian label, founded in 1985, is grappling with a slowdown in the high‑end fashion market, a trend intensified by uncertainty surrounding the war in Iran – a region that represents a crucial market for luxury brands.In March, Dolce & Gabbana hired Rothschild & Co as its financial adviser to prepare for creditor discussions. At that point the group carried €450 million (£391 million) of bank debt, incurred after a 2025 refinancing aimed at supporting a new growth strategy while preserving independence. Lenders had temporarily waived certain borrowing terms.Ownership of the company remains split: each designer holds a 40 % stake through a holding vehicle, while the remaining shares are owned by Alfonso Dolce and their sister Dorotea.Founded by Stefano Gabbana and Domenico Dolce, the brand quickly became synonymous with a “molto sexy” Italian aesthetic, gaining global visibility after Madonna commissioned costumes for her 1993 Girlie tour. By 2009, Dolce & Gabbana reported a turnover of €1 billion.Despite its commercial success, the house has faced a series of controversies over the past 15 years, ranging from accusations of racism and homophobia to backlash over culturally insensitive advertising, which have at times threatened its market position.

Mom’s mantra – “don’t borrow trouble” – became the compass that steadied Feimster during the uncertain early years of her comedy career. She says the simple advice helped her shift focus from endless worry to actually performing. Growing up, Feimster was captivated by Carol Burnett’s slapstick brilliance, a love sparked by her grandmother’s nightly reruns. The legendary comedian’s on‑ and off‑screen silliness shaped Feimster’s own comedic sensibility. When she was cast as the beaver Nibbles in the upcoming Zootropolis 2, the process was anything but typical. “The script was top‑secret,” she recalls, noting that she entered the recording booth with only a brief scene description from director Jared Bush, never knowing how pivotal her character would become. Feimster also laughs about a nightmare charity gig in a Virginia biker bar, where the stage was literally a wooden crate, the lighting resembled a construction site, and a karaoke machine served as the sound system. “Nobody, including me, enjoyed the show,” she admits. Unlike many performers, she has no elaborate pre‑show rituals. She arrives minutes before the curtain rises, chats with the audience, and treats each performance like a regular day, much to the amusement of co‑host Tom Papa. The relentless travel schedule is a double‑edged sword. Feimster describes the constant touring as exhausting, with the added pressure of having to write fresh material after every special. “You finish one project and must start from scratch,” she says, highlighting the creative churn that fuels her growth. On set with Arnold Schwarzenegger for the film Fubar, Feimster found the experience inspiring. She notes that the legendary actor’s varied career – from bodybuilding champion to governor – made every day on set feel like a master class. Looking ahead, Feimster has wrapped two Netflix comedies: one starring Will Ferrell as a washed‑up pro golfer where she plays his caddie, and another ensemble with Kim Kardashian, Nikki Glaser and Brenda Song. She hints at a future shift toward a more serious, less self‑referential role. Meanwhile, her current stand‑up show “Takin’ Care of Biscuits” continues its North American and European leg, with a stop at London’s Hackney Empire on 3 June and the tour running through 9 August.

The European Parliament's decision to block the extension of a law that permits big tech firms to scan for child sexual exploitation on their platforms has created a legal gap that child safety experts say will lead to crimes going undetected. The law, which was a temporary measure allowing companies to use automated detection technologies to scan messages for harms, including child sexual abuse material (CSAM), grooming, and sextortion, expired on April 3.Google, Meta, Snap, and Microsoft have expressed disappointment over the EU's decision, stating that they will continue to voluntarily scan their platforms for CSAM. In a joint statement posted on a Google blog, the companies said, 'We are disappointed by this irresponsible failure to reach an agreement to maintain established efforts to protect children online.'Child protection advocates had warned that allowing the legislation to lapse would probably trigger a steep fall in reports of child sexual abuse. They point to a similar legal gap that occurred in 2021, when reports of such material from EU-based accounts to the National Center for Missing and Exploited Children (NCMEC) fell by 58% over a period of 18 weeks.The EU's decision to prohibit scanning will have ripple effects in other regions around the world, child safety experts said. Many internet crimes are cross-border, with perpetrators sending illegal images to people or targeting children in other countries. 'The offender can be anywhere in the world, but they could have unfettered access to minors in Europe now that there's legal uncertainty around those safeguards and protections to identify when a child is being groomed,' said John Shehan, vice-president at NCMEC.In 2025, NCMEC received 21.3m reports that included more than 61.8m images, videos, and other files suspected of being related to child abuse, from around the world. About 90% of these reports are related to countries outside the US.

Amid escalating tensions in the Middle East, the Asian Football Confederation (AFC) has postponed the draw for the 2027 men’s Asian Cup, originally scheduled for Riyadh, and is exploring contingency plans. Australia has been urged to submit an emergency hosting bid to ensure the tournament proceeds as planned.The competition, set to kick off on 7 January 2027 and run for four weeks, will feature 24 national teams, including the Socceroos, across venues in Riyadh, Jeddah and Khobar. With the draw delayed and the Saudi venue’s security under question, AFC officials are weighing alternative locations.Former Australian international Craig Foster argues that the nation is uniquely positioned to step in on short notice. He highlights the success of the 2015 men’s Asian Cup and the recent Women’s Asian Cup hosted in Australia, noting that the country demonstrated both logistical capability and fan engagement.“Hosting the tournament would be a vital diplomatic gesture at a time when Australia’s reputation in the Middle East has suffered,” Foster said, adding that the event could deliver a significant economic uplift for the hospitality industry as teams and supporters flock to Australian cities.Data from the 2015 edition show that 15,000 overseas visitors generated more than half of the tournament’s $81 million direct spend. By contrast, the federal and state contributions to the women’s Asian Cup exceeded $20 million, underscoring the financial stakes involved.The Australian government has indicated willingness to collaborate with Football Australia, stating that any investment in international sport would be considered through regular budget processes. Foster has called on sport minister Anika Wells to endorse an emergency hosting proposal.Football Australia emphasizes that AFC tournaments have become “some of the most significant events in the global football calendar,” delivering “substantial economic, diplomatic, social, and health value for Australia.” Continued support from all government levels, they argue, is essential to maintain the country’s status as a premier host nation.Saudi Arabia, which secured hosting rights in 2023 and will later stage the 2034 FIFA World Cup, now faces uncertainty as its venues sit within striking distance of ongoing regional hostilities, including recent Iranian counter‑attacks near the under‑construction Aramco Stadium in Khobar.

Japan's Prime Minister, Sanae Takaichi, announced on Friday that the country will release additional oil reserves early next month, equivalent to roughly 20 days' worth of oil, to ensure a stable supply of crude oil. This move comes as concern grows over energy shortages caused by the crisis in the Middle East.This will be the second time Japan has dipped into its strategic reserves since the US-Israel war on Iran started in February. Last month, Takaichi approved the release of 50 days' worth of oil, the government's biggest ever release, in an attempt to head off a spike in prices.Japan has enough oil in reserve to last 230 days, but it also imports 95% of its crude oil from the Middle East, most of which is transported through the Strait of Hormuz. The country is trying to secure oil from locations that do not ship via the Strait of Hormuz, amid uncertainty over whether the waterway will fully reopen after a two-week conditional ceasefire announced by Donald Trump this week.By May, Japan should be able to secure more than half of its oil imports via other routes, Takaichi said, although she did not provide details. The industry ministry has said that potential new sources for imports could include Yanbu on Saudi Arabia's Red Sea coast and the Port of Fujairah in the United Arab Emirates.The decision to tap into oil reserves for a second time came as pressure grew on Japan's government to resist US pressure to become militarily involved in the conflict. More than 100 demonstrations were held across the country on Wednesday, with protesters urging Takaichi to abide by the postwar constitution, which forbids Japan from using the threat or use of force as a means of settling international disputes.

The International Monetary Fund has cautioned that the US‑Israel war on Iran could ignite a new wave of global inflation, jeopardising the outlook for world growth even if the current cease‑fire endures. IMF Managing Director Kristalina Georgieva announced on Thursday that the Fund will lower its growth projection for the global economy at next week’s IMF‑World Bank Spring Meetings, stating that the conflict has turned a potential upgrade into a growth downgrade. Earlier this year the IMF had lifted its forecast to 3.3 % growth for the 191‑member economies. That optimism evaporated after the war erupted on 28 February, driving up oil and natural‑gas prices, damaging energy infrastructure such as refineries and tanker terminals, and disrupting fertilizer shipments essential for global agriculture. Georgieva warned that the conflict is eroding business and consumer confidence and urged member nations to “get your house in order” as heightened defence spending adds further strain to the world economy. She also expressed confidence that the IMF will secure U.S. congressional approval this year for a 50 % increase in quota‑based lending resources, unlocking more of its roughly $1 trillion lending capacity. The United States, the Fund’s largest shareholder, would thereby provide crucial financial reassurance amid uncertain future developments. In a newly released report, the IMF estimated that countries directly involved in armed conflict typically see output fall by about 3 % at the outset, accumulating to roughly 7 % losses over five years. However, the study noted that economies like the United States may avoid severe economic damage because the fighting does not physically affect their own territory. Central banks are also on alert. Georgieva emphasized that “the central bank cannot afford to let inflation spiral out of control,” a statement that precedes the U.S. Federal Reserve’s two‑day policy meeting scheduled for 28–29 April, where interest‑rate decisions will be made amid political pressure from President Trump to lower rates. Other monetary authorities, including the Bank of Mexico, warned that the Middle‑East turmoil could push inflation higher in Latin America’s second‑largest economy, underscoring the broader spill‑over risks of the conflict.

OECD preliminary figures reveal a 23% decline in international development assistance between 2024 and 2025, the steepest annual fall recorded since the organization began tracking aid.The United States was the primary catalyst, with its official development assistance slashing nearly 57% in 2025, a reduction that accounts for roughly three‑quarters of the overall drop.Total aid from the 34 DAC members fell from $214.6 billion to $174.3 billion. American contributions shrank from about $63 billion in 2024 to just under $29 billion the following year, according to the OECD.Other major donors—including Germany, the United Kingdom, Japan and France—also trimmed their budgets, and only eight DAC countries managed to meet or exceed their 2024 levels.The cuts arrive at a time of heightened global economic and food‑security uncertainty, exacerbated by the ongoing US‑Israeli conflict with Iran.OECD official Carsten Staur described the plunge as “deeply concerning,” urging donors to reverse the trend as humanitarian needs surge. Oxfam’s Development Finance Lead Didier Jacobs warned that wealthy governments are “turning their backs on millions of lives in the Global South” by cutting life‑saving aid while funding conflict.Academic research links the U.S. reductions to a rise in armed conflict across Africa, with the Center for Global Development estimating that the cuts could have caused between 500,000 and 1,000,000 excess deaths in 2025. A Lancet analysis warns that continuing the downward trajectory may result in **over 9.4 million additional deaths by 2030**.Under President Trump, the United States has dismantled the U.S. Agency for International Development (USAID) and pursued a handful of bilateral agreements with African nations that tie aid to mineral access and health data. Simultaneously, the administration is seeking a historic $1.5 trillion military budget for FY2027** and between **$80 billion and $200 billion** for the Iran‑Israel war effort.Analysts and NGOs are calling on DAC members to restore aid levels and reinforce the global humanitarian system, which they say faces its most serious crisis in decades.

Peru is on the cusp of electing its 10th president in as many years, with a record-breaking field of 35 candidates competing for the top spot. The election, set to take place on April 12, comes as the country grapples with persistent political instability and growing concerns about crime and corruption.The presidential race has been marked by a fragmented electorate, with voters divided among dozens of candidates. Keiko Fujimori, daughter of former right-wing leader Alberto Fujimori, has emerged as a frontrunner, but her approval ratings remain relatively low at around 15 percent.The election also features a bicameral legislature, which was reinstated after a decades-long hiatus. Voters will select candidates to form a Senate for the first time since 1992.Crime and corruption are top-of-mind issues for voters, with 68 percent of Peruvians ranking insecurity as a top concern, followed by corruption at 67 percent. The country's political crisis has also contributed to the uncertainty surrounding the election.The leading candidates include Keiko Fujimori, Carlos Alvarez, Rafael Lopez Aliaga, and Roberto Sanchez Palomino. If no single candidate captures more than 50 percent of the vote, a second round of voting will be held on June 7.

The strategic Strait of Hormuz, linking the Persian Gulf to the Gulf of Oman, has become the focal point of the Israel‑U.S. war on Iran that began in February. In peacetime the narrow waterway handled about 20% of global oil and liquefied natural gas shipments without any tolls, but the conflict has turned it into a contested zone. After a series of Israeli and U.S. strikes, Iran retaliated by targeting merchant vessels it deemed hostile, effectively shutting the passage and triggering one of the most severe energy‑distribution crises in recent memory. While a two‑week ceasefire, brokered by Pakistan, was declared on Tuesday, Tehran has issued a set of official terms that would govern the strait moving forward. According to Iran’s foreign minister Abbas Araghi, safe passage will be allowed in coordination with the Iranian armed forces and subject to technical limitations. The Islamic Revolutionary Guard Corps (IRGC) has even published a new navigation map that pushes traffic farther north, away from the traditional route near Oman’s coast, citing the risk of anti‑ship mines. Central to Tehran’s 10‑point peace proposal is the idea of charging fees for strait usage. Iranian media report that the plan could levy up to $2 million per vessel—a sum to be shared with Oman—or a charge of $1 per barrel of oil shipped. The revenue would allegedly fund reconstruction of military and civilian infrastructure damaged by the U.S.–Israeli campaign. Oman has publicly rejected any toll scheme, with Transport Minister Said Al‑Maawali reminding that the country has already signed all relevant international maritime transport agreements that prohibit such fees. International law adds another layer of complexity. The United Nations Convention on the Law of the Sea (UNCLOS) prohibits levying charges for mere passage through international straits, allowing fees only for services like navigation assistance or port use. Neither the United States nor Iran have ratified UNCLOS, but the principle remains a benchmark for maritime norms. Analysts suggest a possible workaround: charging for de‑mining and safety services rather than for passage itself, which could be permissible under existing legal frameworks. The proposal has sparked diplomatic pushback. At the United Nations Security Council, Bahrain led a resolution urging coordinated reopening of the strait, backed by Qatar, the UAE, Saudi Arabia, Kuwait, and Jordan. The resolution passed with 11 of 15 votes, but was vetoed by Russia and China, who argued it unfairly targeted Iran and ignored the initial strikes. Beyond the region, the United States is unlikely to accept indefinite tolls. Former President Donald Trump, who announced the ceasefire, warned that U.S. forces would remain in the area and threatened to resume attacks if negotiations faltered. American troops are reportedly “hanging around” to assist with traffic buildup, though the extent of their operational control remains unclear. Maritime analyst C. Uday Bhaskar notes that only three to five ships have traversed the strait since the ceasefire began, underscoring the lingering uncertainty for global shippers. He adds that ship owners facing multi‑million‑dollar losses each day may ultimately acquiesce to Iran’s terms, at least temporarily. Should Iran implement a toll regime, the immediate impact would fall on Gulf oil‑producing nations, but the ripple effects could destabilize global energy markets, already strained by supply shocks. Major powers such as the United Kingdom have been coordinating with a coalition of 40 countries to explore alternative mechanisms for reopening the waterway without conceding to tolls. In sum, Iran’s proposed protocol for the Strait of Hormuz introduces a contentious new variable into an already volatile geopolitical landscape, pitting national security interests against established maritime law and the broader stability of world energy supplies.