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HSBC’s chief executive, Georges Elhedery, told Bloomberg Television at a conference in Hong Kong that the ongoing Iran war is undermining global economic confidence. He warned that the conflict’s duration could amplify price pressures on commodities such as oil, refined products, fertilisers and metals, extending the impact far beyond the Middle East. Brent crude, which had briefly risen above $100 per barrel, slipped 0.9% to $98.5 per barrel after a U.S. blockade of Iranian ports took effect. Negotiations between the United States and Iran are set to resume in Islamabad, but no agreement was reached in the previous talks. In London, the FTSE 100 edged up 22 points (0.21%) to 10,605, even as Imperial Brands led the losers, citing a “more uncertain geopolitical and macro environment.” The UK recruitment firm PageGroup warned that the Middle East conflict is creating an “increasingly uncertain outlook” for the rest of the year, with salaries lagging behind 2022‑2023 levels across the UK, Europe, the Middle East and Asia. HSBC holds a 31% stake in Saudi Awwal Bank, making it one of the European banks most exposed to the region, which contributes roughly 4% of its pre‑tax profit according to JP Morgan analysts. Nevertheless, Elhedery noted that capital outflows from the Middle East have been “very benign” so far. Since the U.S. and Israel began striking Iran on 28 February, some affluent Middle‑Eastern investors have started exploring relocation to financial hubs such as Singapore and Hong Kong. HSBC chair Brendan Nelson stressed that a peace settlement is essential to restore global energy flows, warning that prolonged disruption would lift inflation and suppress growth. “The longer the disruption continues, the more the indirect effects from higher energy costs will lift inflation and depress growth,” he said at the HSBC Global Investment Summit. Manufacturers reliant on petroleum‑derived synthetic fabrics, such as sportswear maker Castore, reported cost increases of 10‑15% and warned that continued conflict could push those costs onto consumers. Co‑founder Tom Beahon described price volatility as “very difficult to plan,” with daily swings of up to 40%. Logistics are also strained: airlines have reduced flights and vessels remain stranded in the Strait of Hormuz, complicating product shipments. Castore hopes that a resolution in the coming weeks will limit the impact on customers. Virgin Atlantic chief executive Corneel Koster told the Financial Times that jet‑fuel prices have more than doubled since the war began, adding that “some of this disruption to global energy prices will be here to stay.” UK Chancellor Rachel Reeves, speaking at the IMF and World Bank spring meetings, called for coordinated economic action, stating that the Iran conflict must become “a line in the sand” for how the world handles crises and instability.

Gina Rinehart, Australia's wealthiest person, faces a potentially significant loss of wealth and control over her Pilbara iron ore empire as a court verdict looms in Perth. The Western Australian supreme court judgment will determine whether Rinehart must share the spoils of some of Hancock Prospecting's most lucrative iron ore projects with the family of her late father's business partner, Peter Wright.The dispute centers on the lucrative Hope Downs mining complex near Newman in north-west Western Australia, a joint venture between Hancock Prospecting and Rio Tinto, which delivered a $832m profit to Hancock Prospecting in 2025. The Wright family heirs claim they are entitled to an equal share of the 2.5% royalties coming from Hope Downs to Hancock Prospecting.Hancock Prospecting rejects the claim, arguing it undertook all the work and bore the financial risk of development, making it the legitimate owner of the Hope Downs assets. The judgment, expected to be appealed regardless of the outcome, may also impact Rinehart's children, who have accused their mother of an 'egregious fraud' against them.Rinehart's company and Hancock Prospecting have rejected all claims, with Rinehart's lawyers arguing that her actions were done to right an historic wrong by her father. The court's decision will also inform a separate federal arbitration process that will decide how Hancock Prospecting's shares are divided between the family.In a related development, Hancock Prospecting's latest annual report shows that more than $6.4bn in dividends have been placed in reserve pending the outcome of arbitration.

Manchester City's recent comprehensive win over Chelsea has brought them within six points of Premier League leaders Arsenal, reigniting the title race. A viral social media meme featuring a City fan mocking Arsenal's struggles has captured the attention of football fans worldwide.The fan in question was seen mimicking a celebratory sip from an empty plastic bottle adorned with an Arsenal logo, leaving City's supporters in laughter and making viewers wonder if Arsenal have 'bottled it' once more. This comes after Arsenal's dramatic stumble over the past few weeks, including a loss to 11th-placed Bournemouth in the Premier League.Arsenal's quadruple hopes have taken a hit, with the team suffering three consecutive losses in local competitions. Manager Mikel Arteta acknowledged that his players are hurting but need to 'take it on the chin' and 'embrace the challenge' ahead. The team's fate is now as much in Manchester City's hands as it is in their own.Meanwhile, Manchester City's manager, Pep Guardiola, remains alert to the threat posed by Arsenal despite their recent blip. Guardiola emphasized the need for respect towards Arsenal, stating that beating them twice in a few weeks will be extremely difficult. City are favourites to lift the FA Cup and could still bag their 11th league trophy, with some experts predicting a domestic treble for the Sky Blues.

Peter Magyar, once a staunch supporter of Prime Minister Viktor Orban, has shattered the latter’s 16‑year grip on power after his Tisza Party won a landslide victory in Sunday’s parliamentary election. With 97.35% of precincts counted, the centre‑right Tisza Party secured 138 of the 199 parliamentary seats and 53.6% of the popular vote. By contrast, Orban’s Christian‑nationalist Fidesz obtained 55 seats with 37.8% of the vote, according to official tallies. Addressing a crowd of tens of thousands along the Danube in Budapest, the 45‑year‑old victor declared, “Tonight, truth prevailed over lies,” adding that Hungarians had chosen to ask what they could do for their homeland rather than the reverse. Who is Peter Magyar? Born in Budapest in March 1981 to a family of lawyers, he is the great‑nephew of former President Ferenc Madl (2000‑2005). After earning a law degree from Pázmány Péter Catholic University in 2004, Magyar began a career in corporate law and joined Orban’s Fidesz while the party was still in opposition. He later served as a legal aide to Fidesz during the 2006 anti‑government protests, married future justice minister Judit Varga (they have three children), and held several senior posts after Fidesz returned to power in 2010, including a stint at Hungary’s Permanent Representation to the EU in Brussels and a board seat at state‑owned road operator Magyar Közút ZRT. Why did he break with Orban? A 2024 scandal involving a presidential pardon for a man linked to a children’s‑home abuse cover‑up implicated Varga, then justice minister, prompting public outrage and Novak’s resignation. Magyar seized the moment, publishing a Facebook post accusing the government of corruption and releasing a recording of a conversation with his ex‑wife that suggested interference in a corruption case. Policy analyst Gábor Győri of Policy Solutions described Magyar’s departure as a “gradual estrangement” that accelerated after Varga’s fall from power. The exposure boosted Magyar’s domestic popularity, positioning him as a fresh opposition figure amid widespread voter fatigue with Fidesz. In April 2024, Magyar joined the centre‑right Tisza Party, won a seat in the European Parliament, and now stands poised to become Hungary’s next prime minister. Political analyst Zsuzsanna Vegh (German Marshall Fund) noted that Magyar’s win “dispels the myth that Orban cannot be defeated,” emphasizing his ability to unite a diverse electorate through a moderate, policy‑focused campaign rather than a radical right‑wing challenge. Scandals surrounding Magyar have also surfaced. His former wife Varga accused him of domestic violence and of using a secret recording for political gain. Earlier in 2026, Magyar faced allegations of a sex‑related scandal and drug use after compromising photos emerged; he denied drug use, describing the episode as a “honey‑trap” orchestrated by a “classic Russia‑style compromising situation.” He further claimed that Fidesz targeted him personally to undermine his campaign. On policy, Magyar pledges to revive Hungary’s stagnant economy, reduce dependence on Russian energy by 2035, and restore pragmatic relations with both the EU and Moscow. He aims to unlock EU funds frozen over alleged rule‑of‑law breaches and has previously expressed caution about accelerating Ukraine’s EU accession. Observers caution that while Magyar’s election fuels hope among young Hungarians, the real test will be translating opposition momentum into effective governance. As Izabella Nagy, a Budapest professional, observes, “Rebuilding a democracy is far more gruelling than dismantling one,” underscoring the challenges ahead for the new administration.

Lake Erie, a vital source of freshwater for millions of people, has faced significant pollution challenges for decades. In the 1960s, the lakes and rivers around Cleveland were so polluted that they frequently caught on fire. While water quality has improved since then, the lake still struggles with poor water quality due to chemical runoff and pollution. The 2025 State of the Great Lakes report found that Lake Erie ranks poorly for pollution caused by chemical runoff and is consistently one of the top five most polluted lakes in the US. Over 5.5 billion gallons of freshwater are drawn from the lake daily to meet industrial and consumer needs, highlighting the importance of addressing these pollution issues. In response, the Cleveland Water Alliance, a non-profit organization, is working with over 300 companies, research institutions, and government agencies to develop clean water solutions for Lake Erie. The alliance has deployed hundreds of sensor buoys across the western section of the lake to observe and detect various water-related factors, including E. coli, algal blooms, and turbidity levels. Researchers at Case Western Reserve University have incubated research for a pilot program technology that can capture 90% of microplastics down to 50 microns in washing machines, preventing these materials from entering the lake. Other projects are recording solar radiation, dissolved oxygen levels, and water and air temperatures. Korean companies have also come to the area to test electrochemical water treatment methods in Lake Erie's water. The alliance's efforts aim to position Lake Erie as an open-air research facility, driving innovation and solutions to address the lake's pollution challenges. Despite these efforts, environmentalists say the challenges to cleaning up the lake are huge. A 40% reduction in phosphorus is needed to minimize blooms, with about 90% of phosphorus entering the western Lake Erie basin coming from agricultural runoff. The manure problem is also a growing concern, with the increasing number of livestock operations in the area contributing to pollution. The Cleveland Water Alliance's initiatives, such as the development of a system for making commercial-grade sodium hypochlorite on site, aim to promote technologies for wintertime monitoring of aquatic life activity and behavioral changes as well as levels of water turbidity. By leveraging data and innovation, stakeholders hope to improve the lake's water quality and mitigate the impacts of pollution.

At 19,000 miles above the lunar surface, the Artemis II astronauts heard the voice of Apollo‑13 commander Jim Lovell greeting them from beyond the grave, a message recorded shortly before his death at 97. Mission control transmitted the tribute on the morning of 6 April, when astronaut Reid Wiseman held a silk square bearing the original Apollo 8 patch—handed to him by Lovell’s son—before the crew’s launch. Launch director Charlie Blackwell‑Thompson secured a unanimous "go" from every console, a moment the author describes as a snapshot of humanity’s capacity to honor the past while reaching for the future. The ceremony stood in stark contrast to the Pentagon’s agenda. Two decades after a 2006 Iraqi kill‑board note reading “Let the bodies hit the floor,” the current defense chief pledged “death and destruction from the sky all day long” against Iran, a stance legal scholars warn could constitute a war crime. That rhetoric accompanies a proposed $1.5 trillion defense budget, including an additional $200 billion earmarked for operations against Iran—figures that dwarf NASA’s entire annual budget of $24.4 billion. Amid this fiscal disparity, crew members reflected on their place in history. Victor Glover, the first Black astronaut to travel deep space, described the view of Earth as an "oasis" in the void, while Christina Koch, the first woman to orbit the Moon, pressed her face to the window and formed a heart with her hands, calling the mission’s spirit "humility." Reid Wiseman watched the planet rotate beneath him, noting the sight of Africa, Europe, and the aurora‑lit north, saying it "paused all four of us in our tracks." Canadian astronaut Jeremy Hansen broke Jim Lovell’s 56‑year distance record and asked mission control to name a lunar feature after his late wife, Carroll. The crew agreed, designating a bright spot on the Moon as "Carroll," a tribute that will endure beyond any single lifetime. When Koch announced the spacecraft’s descent, she radioed, "We are now falling to the moon rather than rising away from Earth," a poetic reversal that underscored the mission’s symbolic return. The article recalls the author’s 2022 reflection on the James Webb Space Telescope, noting how humanity’s finest inventions now aim outward, seeking answers to our origins rather than turning inward toward conflict. Artemis II’s vessel, named Integrity, carried four breathing humans who, in a moment of collective grief, pressed their faces to the glass and imagined the faces of every loved one ever lived, captured in a single frame. Beyond the spacecraft, cultural threads wove through the mission: Hansen’s patch displayed the Seven Sacred Teachings of the Anishinaabe people, and the Chinese myth of Chang’e reminded viewers of the Moon’s timeless allure. As Carl Sagan famously wrote, "We are made of star‑stuff," the Artemis crew embodied that sentiment—not as passive observers, but as active participants in a fragile, hopeful narrative that rises above the relentless tally of bodies on Earth’s battlefields.

Inter Milan's manager, Christian Chivu, celebrated a hard-fought victory over Como, acknowledging the significance of the win but playing it coy when discussing the title race. Inter Milan now sits nine points clear of second-placed Napoli, who were held to a 1-1 draw by Parma. Scott McTominay scored for Napoli, highlighting his importance to the team with eight goals from midfield this season. Napoli's title defense looks increasingly unlikely to succeed, especially considering their investments in new players who have not made the desired impact. The team has struggled with injuries and inconsistent form, and their defensive record has deteriorated, conceding four more goals than in the previous season. The future of Napoli's star player, Romelu Lukaku, remains uncertain amid reports of tension between him and the club. Lukaku has played only 40 minutes of Serie A football this season and has been rehabbing in Belgium, sparking speculation about his potential departure. Inter Milan's ruthless performance against Como, with Marcus Thuram and Denzel Dumfries each scoring twice, underscores their strong position in the league. They have scored 75 goals in 32 games, significantly more than any other team in Serie A. The Serie A table shows Inter Milan at the top with 75 points, followed by Napoli with 66 points. The top five teams are: Inter Milan - 75 points Napoli - 66 points AC Milan - 63 points Juventus - 60 points Como - 58 points

Elizabeth Allen, a visionary artist known for her vibrant textile works, lived a reclusive life in a dilapidated hut in Biggin Hill, Kent. Her journey to fame began unexpectedly in 1965 when artist Patrick Heron visited her, leading to a series of exhibitions across Britain and internationally.Allen's work, characterized by its naive style and use of recycled materials, often depicted scenes from her life, including her orthopaedic footwear and a notable piece titled The Great Swan Song, which reflects her surprise at sudden fame. Her textiles also addressed social issues like the independence of African nations.Despite her brief moment in the spotlight, Allen's work was largely forgotten after her death in 1967. However, her art has been rediscovered and is now featured in the exhibition Troublemakers and Prophets at Compton Verney in Warwickshire. The exhibition includes pieces that have been stored away for decades, offering a fresh perspective on Allen's life and work.Curator Ila Colley highlights Allen's critical view of the church and her use of the Bible as inspiration for many of her pieces. The exhibition also features Autobiraggraphy, a textile work that includes scenes from Allen's life, such as her eviction by police in 1934.The exhibition aims to rediscover marginalized artists like Allen and provide a more inclusive view of art history. Colley hopes that this exhibition will lead to the discovery of more works by Allen and a deeper understanding of her life.

Rory McIlroy, the world's No 2 golfer, secured his second Masters win at Augusta National, a triumph he largely attributes to the support of his parents, Rosie and Gerry McIlroy. In a heartwarming display of family devotion, McIlroy had to convince his parents to attend the tournament, as they feared their presence might jinx his title defense. The McIlroy family has a remarkable story of sacrifice and dedication. Rory's parents worked multiple jobs, including graveyard shifts, to support their son's golfing ambitions. Gerry, 66, managed a bar and worked as a cleaner, while Rosie, 65, worked late nights at a factory. Their unwavering support and refusal to pressure Rory into playing golf have been instrumental in his success. During his final round, McIlroy admitted to thinking about his parents and fighting back tears. After securing his win, he turned to his family, including his wife Erica and daughter Poppy, and expressed his gratitude to his parents. 'Mum and Dad, I owe everything to you. You’re the most wonderful parents,' he said, visibly emotional. This victory cements McIlroy's stature as one of golfing's greats, with his sixth major win. His parents' presence at the tournament made the moment even more special, with Rosie sporting a handbag adorned with newspaper reports from his 2025 win. As McIlroy looks to the future, he hopes to emulate his parents' example, stating, 'If I can be half the parent to Poppy as you were to me then I’ll know I’ve done a good job.'