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President Donald Trump announced on Fox Business that he will dismiss Federal Reserve Chair Jerome Powell if the central‑bank chief does not vacate the post by the statutory end of his term on May 15. “I’ll have to fire him, OK, if he’s not leaving on time,” Trump said, adding that he had previously held back the decision to avoid controversy. Powell, who has just over a month left in his tenure, has repeatedly been criticized by Trump for what the president calls a “bad job” and for refusing to lower interest rates despite Trump’s repeated demands since his return to the White House in January 2025. In January, Trump nominated former Fed governor Kevin Warsh to replace Powell. Warsh, known for his criticism of the Fed’s relatively high rates, is expected to align more closely with Trump’s push for rate cuts. His confirmation hearing before the Senate Banking Committee is slated for April 21, but the outcome remains uncertain. Republican Senator Thom Tillis of North Carolina, a member of the banking committee, has signaled he will block Warsh’s nomination until the Department of Justice concludes its criminal investigation into alleged misconduct surrounding the Fed’s headquarters renovation in Washington, D.C. Tillis described the probe as “reaching the point of absurd,” yet insists the investigation must be resolved before moving forward. The probe appears active: prosecutors made an unannounced visit to the construction site this week, as reported by the Wall Street Journal, underscoring the seriousness of the inquiry. During the same interview, Trump dismissed the investigation’s relevance, claiming the project was “probably corrupt, but what it really is is incompetence,” and questioned whether a $25 million renovation could balloon to a $4 billion expense. Powell responded in January with a rare public rebuke, labeling the investigation a “pretext” aimed at pressuring the Fed to lower rates. He warned that political intimidation could jeopardize the Fed’s ability to set monetary policy based on economic evidence. The legal backdrop adds another layer of uncertainty. The Supreme Court has yet to rule on Trump’s authority to fire a Fed board member without cause—a question that resurfaced after the president’s attempted removal of Fed governor Lisa Cook last summer. Justices appeared skeptical of such unilateral action during oral arguments in January. With the Fed’s independence at stake, the coming weeks will determine whether Trump’s threat translates into action, whether Warsh can secure Senate confirmation, and how the renovation investigation will influence the broader debate over political interference in U.S. monetary policy.

Former Treasury Secretary Janet Yellen sharply criticized President Donald Trump’s repeated calls for the Federal Reserve to slash borrowing costs, likening the approach to the fiscal tactics of a “banana republic.”Trump has publicly urged the central bank to deliver the lowest interest rate in the world, arguing that cheaper financing would ease the service burden on the United States’ staggering $39 trillion debt.Speaking at an HSBC investor summit in Hong Kong, Yellen asked, “How often does the president of a developed country demand that interest rates be set to reduce debt‑service costs? This is what you hear in a banana republic.” She warned that such political meddling could unleash inflation if the Fed’s independence is compromised.The Fed, under Chair Jerome Powell, last lowered its policy rate in December to a range of 3.5 %–3.75 %. However, policymakers are growing uneasy about inflationary pressures, especially as the ongoing Iran conflict threatens oil supplies.Powell is slated to step down next month, but his successor—Trump’s nominee Kevin Warsh—has yet to secure Senate confirmation. Powell has indicated he will remain in his role if a replacement is not confirmed, and he may continue as a Fed governor until a pending Department of Justice investigation concludes.Trump has openly dismissed the idea of Powell staying on, telling Fox Business that he would “have to fire him” if the chair does not leave. Powell, for his part, describes the DOJ probe as a “pretext” aimed at pressuring the Fed to cut rates.Warsh, who argues that potential productivity gains from artificial intelligence could justify lower rates, faces skepticism from Yellen, who doubts he commands the same respect as former Fed chair Alan Greenspan. She noted, “Greenspan was widely respected for his expertise; I don’t think Warsh walks in with that level of credibility.”Trump’s broader effort to reshape the Fed board includes an attempt to remove Governor Lisa Cook, who is currently facing a Supreme Court case over alleged mortgage fraud.Meanwhile, finance ministers and central bankers have gathered in Washington for the International Monetary Fund’s spring meetings. Bank of England Governor Andrew Bailey warned that rising oil prices, driven by the Iran conflict, constitute a “major supply shock” that central banks must assess carefully.The IMF has cautioned that a prolonged closure of the Strait of Hormuz could trigger a global recession, underscoring the interconnected risks of geopolitical tensions, sovereign debt, and monetary policy decisions.

The Blue Trail, directed by Gabriel Mascaro, is a captivating and thought-provoking film that defies easy categorization. Set in the remote north-west of Brazil, the movie follows Tereza, a 77-year-old widow played by Denise Weinberg, as she navigates a dystopian future where older citizens are forced into 'colonies'. This chilling premise serves as the backdrop for a film that explores themes of rebellion, freedom, and the patronization of older people.The film's narrative is characterized by its meandering pace, reminiscent of a road movie or river movie, as Tereza encounters a series of characters who aid her in her escape. These encounters are woven together with fascinating visual compositions, showcasing the Amazonian landscape in a way that is both breathtaking and haunting.One of the most striking aspects of The Blue Trail is its exploration of gerontocide and the dehumanizing treatment of older citizens. The 'wrinkle wagon', a special prison vehicle for errant oldsters, and the humiliating, compulsory adult diapers issued to those being transported to 'colonies' are potent symbols of this theme.Tereza's journey is marked by moments of defiance and resilience, as she forms connections with a riverboat captain, Cadu (played by Rodrigo Santoro), and a woman named Roberta (played by Miriam Socarras), who becomes her friend and potential love interest.The film's use of symbolism adds depth to its narrative, particularly in the form of the 'blue drool snail', whose ecstatic visions offer a glimpse into a world beyond the dystopian reality. This blend of tones, from the bittersweet to the subversive and disquieting, makes The Blue Trail a generic mashup that is both captivating and thought-provoking.The Blue Trail is set to release in UK and Irish cinemas on April 17, making it a must-watch for fans of dystopian fiction and those interested in exploring the complexities of ageism and rebellion.

The UK government is facing pressure to increase its military budget to ensure national security during a period of global volatility. A Treasury minister has argued that balancing welfare and defence spending is not a zero-sum game, suggesting that it is possible to increase investment in both areas.James Murray, the chancellor's deputy, stated that the government is committed to the biggest sustained increase in defence investments since the cold war. However, he did not provide a timeline for the publication of the delayed defence investment plan.Former defence secretary and head of Nato, George Robertson, has accused the Treasury of 'vandalism' for not sufficiently boosting the armed forces. He suggested that defence should be prioritized over welfare spending, warning that the UK cannot defend itself with an ever-expanding welfare budget.The government has committed to reaching 2.5% of GDP on defence from April next year and 3% in the next parliament. However, military chiefs believe there is still a £28bn shortfall after years of the armed forces being hollowed out by successive administrations.Murray countered Robertson's views, stating that the welfare system is not a fixed entity and includes targeted measures like the removal of the two-child benefit cap, which helps hundreds of thousands of children out of poverty.The debate over public spending cuts to fund defence has sparked an angry reaction on the left, with veteran MP Diane Abbott accusing Robertson of prioritizing 'guns over butter' and warning that such an approach could cost Labour votes.

Lidl and Iceland Foods have become the inaugural retailers to see their advertisements prohibited under the United Kingdom’s newly‑introduced junk‑food advertising rules, the Advertising Standards Authority (ASA) confirmed on Wednesday.The ASA has been overseeing the ban that bars television ads for high‑fat, salt and sugar (HFSS) items before 9 p.m. and prohibits any online promotion of such products at any hour, a regime that took effect on 5 January 2026.In Lidl’s case, the ASA found that an Instagram post created by popular influencer Emma Kearney ("Baby Emzo") for Lidl Northern Ireland showcased a tray of pain suisse – a French pastry filled with vanilla cream and chocolate chips. A complainant argued the product was “less healthy” and breached the HFSS criteria. Lidl defended the content as a “brand‑led” advertisement, noting that the new rules allow brand promotion provided no identifiable junk‑food item appears, but the ASA concluded the post did indeed highlight a prohibited product.For Iceland, the breach involved a digital display and banner ad on the Daily Mail website promoting confectionery such as Swizzels Sweet Treats, Chupa Chups Laces, Choose Disco Stix and Haribo Elf Surprises. These sweets fail the nutrient‑profiling model used to classify HFSS foods, meaning they cannot be advertised under the current legislation.The HFSS framework classifies foods high in fat, salt or sugar as “less healthy” and bars their promotion across broadcast and digital channels. This move is part of the UK government’s broader strategy to curb rising childhood obesity rates by limiting children’s exposure to unhealthy food marketing.Iceland acknowledged that, while it requests nutrient‑profile data from all suppliers, there are “gaps” in the information received. To address this, the retailer has contracted a data‑service provider to compile monthly nutritional data for every product on its website, aiming to flag any items that fall under the HFSS definition before they appear in advertising.After reviewing the complaints, the ASA upheld the objections and ordered both supermarkets to ensure future digital marketing does not feature products that violate the junk‑food ad rules. The rulings signal a stricter regulatory environment for retailers and advertisers, urging a shift toward healthier product promotion and more robust data‑management practices.

A three‑judge panel of the U.S. Court of Appeals for the D.C. Circuit issued a two‑to‑one decision on Tuesday that blocks District Judge James Boasberg from moving forward with contempt hearings against the Trump administration.The case stemmed from Boasberg’s attempt to determine whether officials violated his March 15, 2025 order to turn around two deportation flights while they were airborne. The flights had carried 137 Venezuelan nationals to El Salvador under the rarely used Alien Enemies Act, a 1798 statute granting presidents broad wartime powers.In the majority opinion, Judge Neomi Rao (a Trump appointee) wrote that Boasberg’s contempt inquiry was a “clear abuse of discretion,” noting that the district court’s order did not expressly forbid the transfer of the migrants into Salvadoran custody. She emphasized that criminal contempt applies only to violations of a “clear and specific” order.Judge Justin Walker, also appointed by Trump, joined Rao, while Judge J. Michelle Childs—a Biden appointee—dissented. The split reflects the broader partisan tension surrounding the case.Critics of the deportations argued that invoking the Alien Enemies Act represented presidential overreach and that the rapid operation denied the immigrants due process, including the ability to appeal. Some detainees were later released to Venezuela in a July 2025 prisoner exchange after spending months in El Salvador’s maximum‑security Centre for Terrorism Confinement (CECOT).Acting Attorney General Todd Blanche praised the ruling on X, stating it should “finally end Judge Boasberg’s year‑long campaign against the hardworking Department attorneys doing their jobs fighting illegal immigration.”The decision underscores the judiciary’s role in checking executive immigration actions, especially when emergency court orders intersect with national‑security‑related statutes. It also signals that future attempts to pursue contempt for alleged violations of ambiguous orders may face heightened scrutiny.

Atletico Madrid has sent 10-man Barcelona crashing out of the Champions League, securing a spot in the semifinals with a 3-2 aggregate victory despite a 2-1 quarterfinal second leg defeat.Lamine Yamal and Ferran Torres fired visitors Barca ahead inside 24 minutes on Tuesday, but Ademola Lookman's strike gave Atletico the edge in the gripping all-Spanish tie once again after their 2-0 win in the first leg.Diego Simeone's side returned to the semifinals for the first time since 2017 by holding on against the La Liga champions in a compelling and bloody battle. Barcelona ended the game with 10 men as Eric Garcia was sent off for bringing down Alexander Sorloth as he ran in on goal, hampering their chance of finding a third goal to force extra time.Atletico, who have never won the competition and lost the 2014 and 2016 finals with Simeone at the helm, will face Arsenal or Sporting Lisbon in the semifinals.Barcelona coach Hansi Flick benched forwards Marcus Rashford and Robert Lewandowski for workhorses Torres and Gavi, looking to press Atletico relentlessly in the sixth match between these sides this season.Lamine Yamal fired the visitors ahead after just four minutes when he harried Clement Lenglet into giving the ball away. Torres nudged it back to Yamal, who slipped a low shot through Musso's legs to hush the home fans and ignite Barca's attempted comeback bid.Barcelona doubled their lead in the 24th minute to level the tie on aggregate when Torres left Lenglet trailing, reached Olmo's pass and fired across Musso into the top corner.Atletico pulled their way back into the game in the 31st minute after Barca switched off defensively for the first time. Marcos Llorente charged down the right behind the Catalans' high defensive line and crossed for Lookman to convert.The game spun away from Barca when Eric Garcia was sent off for clipping Sorloth's heels as he ran through on goal, similar to Pau Cubarsi's red card in the first leg.Flick threw centre-back Ronald Araujo up front for the final stages, but there was no way back, and Atletico gritted their teeth through eight minutes of stoppage time before the celebrations could begin.

The United States is brokering a historic round of direct, high‑level talks between Israel and Lebanon in Washington, D.C., marking the first bilateral engagement between the two countries since 1993. Lebanese officials aim to secure a ceasefire, whereas Israel’s primary objective is the disarmament of the Iran‑backed Hezbollah militia. Hezbollah’s leadership has publicly dismissed the negotiations as a "futile" ploy, with Secretary‑General Qassem Naim urging the Lebanese government to withdraw from the talks. The group argues that negotiating under fire amounts to a surrender and insists that any disarmament can only occur after a full Israeli withdrawal from southern Lebanon. The talks are scheduled for Tuesday at the U.S. Department of State headquarters, beginning at 11 a.m. Eastern Time (15:00 GMT). Key participants include Lebanese Ambassador to the U.S. Nada Hamadeh, Israeli Ambassador to the U.S. Yechiel Leiter, U.S. Secretary of State Marco Rubio, U.S. Ambassador to Lebanon Michel Issa, and State Department Counselor Michael Needham, all acting as facilitators. The U.S. frames the meeting as a necessary response to “Hezbollah’s reckless actions,” emphasizing that "Israel is at war with Hezbollah, not Lebanon, so there is no reason the two neighbours should not be talking," a senior State Department official said. Escalating violence has set a grim backdrop: Israeli strikes on Lebanon have killed at least 2,080 people, including 165 children and 87 medical workers, and displaced more than 1.2 million residents. Overall, the conflict has claimed over 3,768 Lebanese lives since October 2023. Israel has refused to discuss a ceasefire, insisting instead on a plan to dismantle Hezbollah’s arsenal. According to Israeli media, the proposal would divide southern Lebanon into three security zones: Zone 1 (0‑8 km from the border) under a long‑term Israeli military presence; Zone 2 (up to the Litani River) where Israeli forces would gradually hand control to the Lebanese army; and Zone 3 (north of the Litani) to be managed solely by the Lebanese army for disarmament purposes. Israeli officials have also floated reinstating a “buffer zone” in the south, a policy abandoned decades ago. Beirut, represented by Culture Minister Ghassan Salame, describes the Washington meeting as a preliminary step to pause hostilities and reassert state authority, while acknowledging Lebanon’s limited leverage. The Lebanese government has previously announced plans to disarm Hezbollah under U.S. pressure, a move Hezbollah denounced as a surrender to Israel and the United States. The broader diplomatic context includes a recent U.S.–Iran ceasefire agreement that nominally covers Lebanon, but Israeli Prime Minister Benjamin Netanyahu rejected its terms and pushed for direct talks, receiving backing from U.S. President Donald Trump and Vice President JD Vance. European leaders, however, have urged that Lebanon be fully incorporated into any ceasefire framework. Hezbollah’s objections are multifaceted: negotiating while under bombardment, lack of national consensus, the demand to disarm its weapons—deemed a “Lebanese internal matter”—and accusations of governmental betrayal. The group has unequivocally stated it will not honor any agreement reached in Washington. Analysts caution that an immediate ceasefire remains unlikely. A U.S. official noted Israel’s focus on disarmament and skepticism about Beirut’s capacity to deliver. Meanwhile, the battle for the strategic southern town of Bint Jbeil is seen as a potential barometer for the talks: if Israeli forces capture the town, they may harden their demands; if Hezbollah holds, it could bolster Lebanon’s negotiating position. For now, Hezbollah remains defiant, with Qassem Naim declaring, "We will not rest, stop or surrender; the battlefield will speak for itself."

The Al-Aqsa Mosque compound in Jerusalem reopened on April 9, allowing over 100,000 Muslim worshippers to perform Friday prayers for the first time since the conflict began on February 28. However, the celebrations were marred by an overwhelming Israeli security presence and police violently detaining Palestinian Christian scouts during processions.Israeli National Security Minister Itamar Ben-Gvir stormed the Al-Aqsa compound under police protection on April 7 and 12, performing Jewish religious rituals and declaring himself the 'master of the house.' This move was condemned by Jordan's Foreign Ministry as a violation of the site's status quo.In the Gaza Strip, Israeli air strikes and artillery fire continued despite the Iran ceasefire. On April 8, Israeli forces killed Al Jazeera journalist Mohammed Wishah in a drone strike, bringing the total number of Palestinian media workers killed since October 2023 to at least 262.The Gaza Ministry of Health reported that 754 Palestinians have been killed and over 2,100 injured since the October ceasefire, with a cumulative official death toll of 72,333 since October 7, 2023. The humanitarian crisis deepens with long bread lines and insufficient aid, while the Nasser Medical Complex faces fuel shortages and rationed electricity.Diplomatic efforts continue, with Hamas discussing the implementation of the ceasefire's second phase with the Board of Peace envoy in Cairo. However, settler violence and Israeli military actions persist, with 34 new settlements approved across the West Bank, bringing the total to 102 under the current government.