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The UK government's borrowing costs have risen above 5% amid an intensifying global bond market sell-off fueled by the Iran war. The yield – or interest rate – on 10-year debt hit its highest level since the 2008 financial crisis, rising 13 basis points to 5.081%, as investors acted on concerns about the economic fallout from the conflict.Borrowing costs also rose for the US and eurozone governments, underscoring growing turbulence in the global financial system after Donald Trump's extension of a deadline for a peace deal failed to soothe jittery investors. Financial markets worldwide slumped on Friday, extending falls seen since the outbreak of the war, with losses in London and across major US and EU trading hubs. The price of Brent crude remained above $110 a barrel.Kathleen Brooks, the research director for the UK at the financial trading platform XTB, said: “Markets feel more panicky this week, and Friday’s price action suggests that investors are losing faith in Donald Trump’s ability to end this war and reach a deal with the Iranians.”Economists have warned that the Bank of England could be forced to take a tough approach to tackling inflation after losing some of its credibility by underestimating the leap in inflationary pressures in 2022. The increase in borrowing costs will add to the challenges facing Rachel Reeves, the chancellor, amid pressure on Labour to provide a package of financial support for households already reeling from a cost of living crisis.

Ryan Murphy's drama series 'Love Story' has become Disney+'s most-streamed drama ever, captivating audiences worldwide with its schlocky, glossy portrayal of the doomed marriage between John F Kennedy Jr and Carolyn Bessette. The series, which consists of nine episodes, tells the story of the couple's whirlwind romance and tragic fate.The show's success can be attributed to its unique blend of camp nostalgia, paparazzi exposure, and cultural symbolism. According to TV critic Scott Bryan, Murphy's formula for success involves targeting subjects with tragic backstories and workable legal margins, which in practice means the longer they have been dead, the smoother the adaptation.The series begins as a Cinderella romance between a Kennedy scion and a Calvin Klein publicist who became the most famous and scrutinised couple in the US – and evolves into a lesson in what happens when marriage becomes a form of branding. The show's relatability factor also lies in its portrayal of universal dating themes, great hair, and a wardrobe full of Prada and Kangol caps worn backwards.Social media searches for JFK Jr and Bessette grew by more than 9,100% in the past month, according to FX, which created the show. The show's success has also sparked speculation about Murphy's next subject, with names like Brad Pitt and Jennifer Aniston, John Lennon and Yoko Ono, and Liz Taylor and Richard Burton being floated on social media.The show's impact can be seen in its ability to resonate with audiences, particularly Gen Z women, who have connected with the show's themes of relationships, style, and tragedy. As Bryan noted, 'Love Story' is 'unapologetically schmaltzy' and doesn't try to be anything more than a show that looks the part, making it a refreshing change from the usual prestige television dramas.

England and Uruguay ended in a 1-1 draw during their friendly match at Wembley Stadium. James Trafford, the Manchester City goalkeeper, made a quiet debut but was beaten by Fede Valverde's equalizing penalty, earning a rating of 6.Tino Livramento was untroubled in defense, supporting the attack with energetic runs, though connections were lacking, also scoring 6. Harry Maguire had a solid return to the international scene with booming passes and a set-piece threat, rated 6.Fikayo Tomori was unruffled in his first England appearance since November 2023, despite a toothless Uruguay attack, earning 6. Djed Spence was fine defensively but struggled as a right footer at left-back, checking back frequently, rated 6.Jordan Henderson was occasionally bypassed in midfield and offered little on the ball before being substituted at half-time, scoring 5. James Garner had a decent debut, delivering dangerous corners, rated 6.Noni Madueke won some corners but often held onto the ball too long and went off injured, earning 6. Phil Foden failed to deliver as the No 10 and may worry about his World Cup place, rated 5.Marcus Rashford had an underwhelming night, mostly dribbling into dead ends, scoring 5. Dominic Solanke tested Fernando Muslera from long range and worked hard without looking likely to score, rated 6.The substitutes had varied impacts: Jarrod Bowen was quiet, Adam Wharton offered urgent passing and a crucial block, Cole Palmer had a lively cameo and delivered the corner for the goal, and Dominic Calvert-Lewin headed wide from a free-kick.

A devastating bus accident occurred in central Bangladesh on Wednesday, resulting in at least 24 fatalities. The bus, which was carrying 40 passengers, lost control while approaching a ferry at Daulatdia in Rajbari district, about 100km from Dhaka.The bus sank nearly 9 metres into the river, making rescue efforts challenging. Rescuers recovered 22 bodies from inside the submerged bus, including five children, 11 women, and six men. Two more women died later after being rescued.Search and rescue efforts were led by four fire service units and 10 divers, supported by the army, police, coastguard, and local authorities. Officials fear that more passengers may still be missing.The accident highlights the poor road safety record in Bangladesh, where hundreds of people die each year in road and ferry accidents. The World Health Organization estimates that over 31,500 traffic-related deaths occur annually, translating to more than 85 deaths per day in the country of 170 million people.Deadly crashes are relatively common in Bangladesh due to poor roads, badly maintained vehicles, and reckless driving. The country's Road Safety Foundation reported over 200 deaths during the recent Eid holidays, including a train-bus collision that killed 12 people.

A high-stakes diplomatic effort is underway as a delegation of Russian officials has arrived in the United States for meetings with their American counterparts. This visit, which began on Thursday, marks a significant development in the strained relations between Moscow and Washington, particularly over Moscow's ongoing war in Ukraine.Kremlin spokesperson Dmitry Peskov expressed optimism about the talks, stating, 'We hope that these first tentative steps will, of course, make their contribution to the further revival of our bilateral engagement.' President Vladimir Putin has set the main directives for the trip and will be thoroughly briefed on the meeting.The visit occurs against the backdrop of US-brokered talks to end the war in Ukraine, which are currently in a state of limbo. Despite several rounds of negotiations since US President Joe Biden's administration took office, a deadlock persists, with the Kremlin ruling out compromises to halt its military campaign.Russia, a key ally of Iran, has been accused by Western intelligence officials of supporting the Iranian government as it faces a war launched by the US and Israel. A recent report alleged that Russia was close to completing a shipment of drones to Iran, which Moscow has vehemently denied, calling such claims 'lies being spread by the media.'In a related development, Russia has intensified its military actions in Ukraine, carrying out one of the largest aerial attacks since the start of the war, launching 948 drones in 24 hours. This escalation has prompted Ukraine's President Volodymyr Zelenskyy to appeal for air defence munitions from allies, warning of a potential deficit in missiles while Washington focuses on the US-Israeli conflict with Iran.

US President Donald Trump has extended his deadline for Iran to open the Strait of Hormuz by 10 days to April 6, 2026. The decision comes as talks between the US and Iran are described as 'going very well'.In a social media post, Trump stated: 'As per Iranian Government request, please let this statement serve to represent that I am pausing the period of Energy Plant destruction by 10 Days to Monday, April 6, 2026, at 8 P.M., Eastern Time.'Trump also mentioned that despite 'erroneous statements to the contrary by the Fake News Media,' talks with Iran are ongoing and progressing well. He had previously urged Iranian leaders to negotiate an end to the near-month-long war or face further assassinations of senior officials.The conflict has resulted in significant escalation, with Israel conducting strikes on Iranian targets, including the killing of Alireza Tangsiri, the Revolutionary Guards' naval commander. Iran has retaliated with strikes across the Middle East, including in Tel Aviv, Modi'in, and Jerusalem.Trump has claimed victory in the war, stating, 'In a certain sense, we have already won.' He has also criticized NATO allies and described Iran as producing 'great negotiators' but 'lousy fighters.'The US and Israel have destroyed much of Iran's naval capabilities, but Tehran still possesses smaller boats capable of laying mines and launching anti-ship cruise missiles. These could render the Strait of Hormuz impassable to shipping.Iran's foreign minister, Abbas Araghchi, accused the US of 'double standards,' citing the US support for Israel's actions in Gaza while condemning Iran's defense in the Strait of Hormuz.The conflict has resulted in a significant death toll, with over 1,900 people killed in Iran and nearly 1,100 in Lebanon. The situation remains volatile, with fears of further escalation and potential ground invasion.

The Oklahoma City Thunder, a team once considered vulnerable, has surged ahead in the Western Conference with 12 wins in their last 13 games. Their recent performance has sparked discussions about their character and vibes, both on and off the court.At the heart of the Thunder's success is star player Shai Gilgeous-Alexander, known for his mechanically brilliant gameplay and deadly midrange jumper. This season, he's added a step-back three-pointer to his arsenal, producing more viscerally awesome moments than ever before. A notable example was his game-winning three-pointer against the Denver Nuggets on March 9, showcasing his clutch performance.Gilgeous-Alexander's personality, though sometimes quirky, has endeared him to fans. His love for fashion is evident in his game-day attire, from a mustard-colored leather suit to a fur coat. The Thunder's team dynamic is also characterized by their tendency to conduct on-court interviews in groups, showcasing their camaraderie.While some critics have labeled the Thunder as 'nerdy' and 'authentic,' these traits have become a breath of fresh air in the NBA. Their decision to decline a visit to the White House, citing a 'timing issue,' and their refusal to engage in certain political discussions, have also sparked conversation.Compared to other top NBA teams, the Thunder's quirks are a refreshing change. Unlike the Boston Celtics' reliance on three-pointers or Victor Wembanyama's sanctimonious views on the Spurs' playing style, the Thunder's approach is seen as more genuine. Even their defensive strategy, fueled by effort and creativity, as seen when Alex Caruso tried to block a shot with his shoe, has garnered admiration.As the Thunder continue to excel, their authenticity and team spirit are likely to win over more fans. Despite potential animosity from other teams, the Thunder's unique blend of personality and performance is set to make them a beloved team in the NBA.

The deadly conflict in Iran has precipitated what the International Energy Agency describes as the worst oil crisis in history, creating a complex situation for global clean energy efforts. While climate advocates are calling for accelerated transition away from fossil fuels, the war simultaneously presents both opportunities and significant challenges for renewable energy development.US-Israeli strikes on Iran have critically disrupted supply routes through the Strait of Hormuz, a maritime channel through which 20% of global oil flows. The conflict has also seen direct attacks on fossil fuel infrastructure by all parties involved, creating additional market shocks and uncertainty.Interestingly, reduced reliance on oil and gas is proving beneficial for some regions navigating the ongoing fuel crisis. As Jan Rosenow, a professor of energy at Oxford University, explains: Electricity generated from wind and solar is largely insulated from fossil fuel price volatility – once built, the fuel is free.Countries with substantial renewable energy investments are demonstrating greater resilience. Spain and Portugal have witnessed electricity prices decline in recent weeks, while Pakistan has experienced a surge in rooftop solar installations over the past five years, helping the nation weather oil and gas market disruptions.The electric vehicle revolution is also providing some economies with protection against gasoline price increases. In China, more than 50% of all new cars sold are electric, while in Nepal, that figure reaches an impressive 70%.However, the war is creating near-term challenges that could impede clean energy growth. The conflict has disrupted transport routes for metals essential in solar panel construction, particularly aluminum. The Middle East accounts for approximately 9% of global aluminum production, and regional producers have begun scaling back operations amid the hostilities.Furthermore, the inflationary pressures stemming from the conflict pose significant hurdles for renewable energy projects, which require substantial upfront investment for construction, equipment, and installation.Paradoxically, the war and resulting energy shocks have provided a short-term boon for fossil fuels, including coal. Many Asian countries heavily reliant on imported liquefied natural gas (LNG) are burning more coal to meet energy demand as LNG supplies through the Strait of Hormuz become constrained.The conflict has also incentivized increased oil and gas drilling and exploration, as countries scramble to replace disrupted LNG supplies and higher prices make previously unviable projects economically viable. US company Venture Global recently announced a new five-year contract to supply LNG, while Canadian energy company TC Energy indicated that Iran war disruptions are increasing the likelihood of expanding a massive LNG export facility.The Trump administration has further incentivized oil expansion, recently announcing plans to pay a French company $1 billion to abandon offshore wind farm projects in favor of fossil fuel initiatives.Experts propose various policy responses to encourage the green transition during this crisis. Rosenow advocates for tax reform to reduce the disproportionate burden on electricity compared to gas. Professor Gregor Semieniuk suggests imposing windfall taxes on oil and gas companies during the war, while Lauren Pagel of Earthworks calls for ending fossil fuel subsidies and making polluters pay for their environmental impact.Despite the current challenges, Kingsmill Bond, a strategist for the energy thinktank Ember, maintains that this crisis could ultimately accelerate the clean energy transition: This is the first oil shock in history where oil faces a superior alternative. Solar, wind and EV are cheaper, local, faster to deploy, and huge.

The ongoing conflict between the United States and Iran has led to a war of words over whether negotiations are taking place to end the hostilities. US President Donald Trump asserts that 'productive' talks have occurred with a top Iranian figure, but Iranian officials, including Parliamentary Speaker Mohammad Bagher Ghalibaf, vehemently deny these claims.The conflicting narratives raise questions about the motivations behind each side's statements. An analysis of what each side stands to gain from negotiations and a potential end to the conflict may provide clarity. Trump's comments on negotiations may be aimed at calming stock markets and oil prices, which have fluctuated significantly due to the conflict.The timing of Trump's comments coincides with the end of the trading week and a five-day deadline he gave for a positive response from Iran. This has led some to speculate that the US may be using talk of negotiations as a strategy to buy time for more US troops to arrive in the Middle East, potentially for a ground invasion of Iranian territory.From Iran's perspective, the economic pain inflicted on the US and global economies serves as a deterrent against future attacks. Therefore, it is in Iran's interest to downplay any talk of negotiations to maintain pressure on the US.Trump faces a dilemma between extending the war and suffering economic and political costs or ending it and facing criticism for not completing what he termed a 'short-term excursion.' The Iranian state, on the other hand, appears to have less incentive to end the war without establishing an effective deterrent against future attacks.The conflict has already resulted in over 1,500 deaths in Iran, significant infrastructure damage, and strained relations with Gulf neighbors. Moderate voices in Iran may argue that some form of deterrence has been achieved, and it may be time to talk and secure concessions.