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The International Monetary Fund (IMF) has released its latest World Economic Outlook, warning of a significantly darkened global economic outlook. The report cites the outbreak of war in the Middle East on February 28, 2026, as a major factor in the deteriorating outlook.The IMF's January report was titled “Steady amid Divergent Forces”; whereas the latest outlook is headlined “Global Economy in the Shadow of War”. The IMF now expects the global economy to slow compared to its previous forecast in January.The latest outlook notes that the global outlook has abruptly darkened following the outbreak of war. Far be it for the IMF to gloat, but its suggestion in January that “steady” was not a word to describe the global economy unless you were desperately trying to make the madness of Donald Trump seem normal has aged quite well.The IMF remains unwilling to name Donald Trump, while noting the lingering effects of the persistent rise in energy prices since Russia’s invasion of Ukraine. However, it only talks about the Middle East conflict as though it sprang out of nowhere.The IMF warns of three possible scenarios: a bad scenario where Trump, Israel and Iran come to an agreement; an adverse scenario where things carry on for the rest of the year and oil stays around US$100 per barrel; and a severe scenario where nothing is resolved, oil prices reach $125 in 2027, gas prices increase by 200% over the same period, and food prices increase by 5% in 2026 and 10% in 2027.Even under the current bad scenario, the global economy is expected to slow compared to what the IMF forecast in January. But under the adverse and severe scenarios the global economy grows by just 2.0% this year and 2.2% next year.For context, over the past 40 years, the global economy has grown slower than 2.2% only three times – 1992 (global recession), 2009 (the GFC) and 2020 (Covid).The IMF has downgraded Australia’s growth by more than most. Even under the most optimistic scenario growth is 0.5% worse than was forecast last October – a bigger downgrade than all G7 nations.The IMF warns against governments doing popular things like energy caps or subsidies, designed to protect households and firms. It worries that such policies will increase inflation because we’ll all suddenly have so much more money to spend.Gas companies exporting LNG from Australia will be cheering on the war as it keeps gas prices – and their profits – ever higher. The senate is investigating changing the way gas is taxed. An ACTU proposal for a 25% tax on exports would raise roughly $17bn a year.

The V&A; East museum in east London has finally opened its doors, offering a diverse and rich collection that celebrates art, design, and culture from around the world. Outside the museum, a five-meter-tall sculpture by Thomas J Price stands as a generic representation of east London youth, sparking concerns about the homogenization of individuality.Upon entering the museum, visitors are greeted with a delightful gallery showcasing items from the new museum's collection. A constructivist rug by Eileen Gray complements Derek Jarman's punk set designs and costumes by Vivienne Westwood and Rei Kawakubo. Althea McNish's glorious printed fabrics take center stage, demonstrating how a designer working within mass production infrastructures can have a profound influence on post-war Britain's look.The museum's collection explores themes of colonial expansion, imperial violence, and the integration of art into everyday life. A display on William Morris's connection to nearby Walthamstow highlights the importance of pegging objects to their place of production. A sinuous wooden armchair by Alvar Aalto and a talismanic shirt inscribed with the Qur'an showcase how everyday items can be invested with restorative properties.The museum's curatorial strategy encourages visitors to choose their own route and make their own connections. The inaugural temporary exhibition, 'The Music Is Black: A British Story', uses headphones with a sensor to guide visitors through a labyrinth of videos, costumes, sculptures, and photographs chronicling Black British music.

The Italian comedy-drama Diamanti is set in a costume atelier in 1970s Rome and features a predominantly female ensemble. While it may be light on comedy, the drama is decidedly on the melo end of the scale, making it a sumptuously soapy dramedy. The film's strength lies in its luscious-looking period costumes, which specialize in 18th-century silhouettes and 1970s prints.Director Ferzan Özpetek brings his love and sincerity to the film, which is inspired by his visits to costume studios around Rome in the 80s. The story follows sisters Alberta (Luisa Ranieri) and Gabriella (Jasmine Trinca) as they run a studio staffed by dozens of seamstresses. The film's framing device features Özpetek himself gathering his cast for a read-through, where one character describes the female assemblage as a “vaginodromo”.The film explores various subplots, including girl-on-girl tension among the staff, a battered wife urged to defy her husband, and a political protestor with a gift for passementerie and decoupage. The costumes designed by Stefano Ciammitti convince throughout, and the film's 135-minute runtime feels breathless, never draggy.Diamanti is set to release in UK and Irish cinemas from 17 April. With its stacked cast and Özpetek's direction, this film is sure to delight fans of period dramas and costume films.

After a 90‑year blackout, MGM’s 1932 melodrama Letty Lynton is set for its first legal public screening. The film, starring Hollywood icon Joan Crawford, was withdrawn in 1937 following a plagiarism lawsuit and pressure from the Hays Office, which deemed its risqué themes “unfit for adaptation”.The controversy began when MGM attempted to acquire the rights to the Broadway hit Dishonored Lady, a play notorious for its depictions of booze, drugs and sexual intrigue. After the playwrights demanded $30,000—a sum the studio balked at—MGM settled for the cheaper novel by Marie Belloc Lowndes for $3,500. The resulting film, inspired by the 1857 murder trial of Scottish socialite Madeleine Smith, shocked contemporary censors with scenes such as Crawford’s character watching her ex‑lover sip poisoned champagne.Legal battles intensified when playwrights Edward Sheldon and Margaret Ayer Barnes sued MGM for plagiarism, alleging the movie copied their work rather than the novel. The protracted case forced MGM to pull the film from circulation in 1937, and a year later Crawford herself was labeled “box‑office poison”. Yet both the actress and the film survived, resurfacing in cultural memory through fashion and later adaptations.Beyond cinema, Letty Lynton left an indelible mark on 1930s style. Costume designer Adrian created a white organdy dress with exaggerated sleeves for Crawford; the design was mass‑produced for Macy’s and sparked a nationwide craze. Edith Head later called the dress “cinema’s single biggest influence on fashion”.The film’s revival is largely credited to Crawford’s grandson, Casey LaLonde. In an Instagram post, he announced that the play’s copyright would expire on 31 December 2025, clearing the legal path for a public showing. Warner Bros., which now holds the rights to many pre‑1986 MGM titles, restored the picture in 4K and arranged for its debut at the TCM Film Festival in Los Angeles on 1 May 2026. The movie will also be issued on Blu‑ray and DVD through the Warner Archive.LaLonde thanked Warner Bros. and library historian George Feltenstein for making the restoration possible, noting that without their effort “we wouldn’t have this fabulous film to see again on big and small screens.”Fans of classic Hollywood can finally experience a piece of cinema history that was once deemed too daring for the silver screen, offering a fresh look at Joan Crawford’s daring performance and the era’s bold storytelling.

The Valuation Explosion: From $7.5B to $18BFluidstack is currently in advanced talks to secure a $1 billion funding round that would value the AI infrastructure startup at $18 billion. This represents a more than doubling of its valuation from the previous round in December, which reportedly raised around $700 million at a $7.5 billion valuation. The potential lead investor for this new round is Jane Street, a major trading firm expanding into venture capital.Previous Round Details: Led by Situational Awareness, an AGI-focused fund founded by former OpenAI researcher Leopold Aschenbrenner.Supporters: The round was backed by the Collison brothers from Stripe, former GitHub CEO Nat Friedman, and entrepreneur Daniel Gross.Google's Interest: Reports indicate Google was considering a $100 million contribution to the round in February.The Anthropic Partnership: A $50 Billion Bet on InfrastructureThe primary driver behind Fluidstack's skyrocketing valuation is its strategic partnership with Anthropic. In November, Anthropic signed a massive $50 billion deal with Fluidstack to build custom-designed data centers in Texas and New York.Custom Infrastructure: Unlike hyperscalers like AWS or Google Cloud that offer general-purpose computing, Fluidstack builds specialized hardware specifically for AI workloads.Strategic Independence: This deal allows Anthropic to bypass the capacity constraints of public cloud providers and gain greater control over its infrastructure.Market Context: Anthropic primarily relies on AWS and Google Cloud for Claude, but the rapid growth of AI models necessitates bespoke solutions.Strategic Pivot: Relocating HQ and Exiting European ProjectsThe deal with Anthropic has fundamentally altered Fluidstack's global strategy, shifting its focus entirely toward the United States.Headquarters Move: The startup, originally spun out of Oxford and a rising star in Europe, has relocated its headquarters from the U.K. to New York.European Exit: Fluidstack pulled out of a key €10 billion AI project in France to focus exclusively on U.S. opportunities.Client Base: Beyond Anthropic, the company counts Meta, Poolside, Black Forest Labs, and Mistral as key customers.The Future of AI Infrastructure: Specialization Over GeneralizationFluidstack's rapid ascent signals a critical shift in the AI industry. As AI models become more complex and compute-intensive, general-purpose cloud providers are struggling to keep up with demand. The market is increasingly favoring specialized infrastructure providers that can offer bespoke hardware and dedicated capacity, a trend that validates Fluidstack's aggressive expansion strategy.

Why does the war in Sudan persist three years after it began? According to the latest episode of Al Jazeera’s podcast The Take, the answer lies in the network of external actors that continue to fund and arm the warring factions – the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF). The episode, hosted by journalist Malika Bilal and featuring political analyst Dallia Abdelmoniem, explores how regional and global rivalries have turned Sudan into a proxy battleground. With the United States and Israel engaged in a broader confrontation with Iran, and tensions in the Strait of Hormuz inflating oil prices, the cost of fuel and food in Sudan has surged, worsening an already dire famine situation. Key insights from the discussion include: Foreign financing and arms supplies keep both the SAF and RSF operational, preventing a decisive military outcome. US‑Israel‑Iran dynamics divert international attention and resources, allowing the Sudanese conflict to fester. Rising global fuel prices driven by Strait of Hormuz instability increase transport costs, making humanitarian aid more expensive and less accessible. Food price spikes exacerbate famine risk for millions of displaced Sudanese, deepening the humanitarian crisis. The podcast also notes that without a coordinated diplomatic push to address the external backers and the broader geopolitical tensions, a sustainable cease‑fire remains unlikely. Production credits go to Tamara Khandaker (producer), with contributions from Noor Wazwaz, Sari el‑Khalili, Spencer Cline, Chloe K Li, and Tuleen Barakat. Editing was handled by Alexandra Locke, while Alex Roldan provided sound design and Hisham Abu Salah and Mohannad al‑Melhem managed video editing. Listeners can follow the conversation and future episodes on X, Instagram, Facebook, and YouTube.

Gary Neville’s sports‑media outfit, The Overlap, has secured ownership of two of the United Kingdom’s most followed football YouTube channels, a transaction estimated at a seven‑figure sum.The channels—The United Stand and That’s Football—bring together approximately 3.7 million subscribers, bolstering The Overlap’s audience to around 6 million across all its platforms.While the partnership may appear surprising given past on‑air sparring, Neville acknowledged his former criticism of “those bloody YouTubers” and Goldbridge’s frequent jabs at his own Manchester United opinions. He emphasized that no grudges remain and that the collaboration is driven by business logic, not personal rivalry.Speaking to the press, Neville said the deal is designed to tap the “noise segment” of football coverage—fans’ appetite for constant debate, opinion, and analysis when live matches are not on. He described the goal as delivering “direct, personality‑led content” that keeps supporters engaged around the clock.The United Stand, with 2.26 million subscribers, is the largest Manchester United fan channel on the platform, while That’s Football reaches 1.46 million viewers with broader Premier League coverage. Under the new ownership, The United Stand will debut formats such as “Stick to United” (featuring ex‑players and journalists) and a daily news show titled “The Daily United.” That’s Football is slated for a rebrand and the launch of a daily football‑news podcast channel.The Overlap, founded in 2021, already produces flagship shows like “Stick to Football,” “Fan Debate” with Wayne Rooney and Paul Scholes, and a cricket‑focused series launched last year. This acquisition follows its earlier move in January, when Global took a majority stake in the company, underscoring YouTube’s rising influence in sports broadcasting.Neville framed the purchase as the first of “hopefully a few more” aimed at building premium channels for major clubs across the UK and Europe. He assured fans that any new content will complement Goldbridge’s existing style, adding “value and intelligence” through contributions from former players and journalists.Goldbridge, whose real name is Brent Di Cesare, expressed enthusiasm for the next phase, noting that a decade of building The United Stand and That’s Football has prepared him for the resources and credibility The Overlap can provide to elevate his platforms.

The latest film from director David Lowery, 'Mother Mary', is a visually stunning yet narratively flawed exploration of the pop star world. Anne Hathaway stars as Mother Mary, a former music A-lister attempting a comeback after a mysterious event has left her haunted and struggling to find her fashion sense.Mother Mary seeks out the help of fashion designer Sam Anselm, played by Michaela Coel, who is both distantly glacial and imperious in her interactions with the pop star. Despite their complicated past, Sam agrees to create a new stage costume for Mother Mary, leading to a series of surreal and stylish moments.The film features stunning visual moments that blend Dalí-esque surrealism with the high-tech gloss of the modern pop stage. However, the narrative often feels incomprehensible, with overly earnest performances from the lead actresses. The script's lack of self-awareness and coyness about its central queer relationship also detract from the overall experience.Despite these flaws, 'Mother Mary' is worth watching for its strong performances and visual spectacle. The film's $100m budget is evident in its arena spectacles, which are some of the best in recent cinema. With a bit more self-awareness and depth, 'Mother Mary' could have been a cult classic.

“You can be the thickest bloke and still think you know more about football than a woman,” declares Jo, a Newcastle supporter, in the opening section of the Away From Home: The Untold Stories of Women Football Fans exhibition. The line sets the tone for a showcase that confronts the stereotype that only men can truly understand the game.Curated by Professor Stacey Pope, a leading sociologist of women’s football, and Durham University’s David Wright, the exhibition occupies the Beacon of Light pop‑up beside Sunderland’s Stadium of Light. It chronicles the presence of women on the terraces of the North‑East since the 1950s, using archival footage, hand‑sewn silk scarves and newly commissioned soundscapes to recreate match‑day rituals.The display is anchored by 22 recorded interviews with Newcastle and Sunderland fans, complemented by a broader research base of 200 interviews conducted over two decades. Pope notes that while the last thirty years have seen a “feminisation of sports fandom,” true gender parity remains elusive.Recent data underscore the exhibition’s relevance. In a survey of 2,000 male fans, three‑quarters expressed overt or covert misogynistic attitudes toward women in football. Moreover, the anti‑racism charity Kick It Out reported that sexist incidents at matches have doubled from the start of the season to the end of February compared with the previous campaign.Beyond statistics, the exhibition explores structural barriers: stadium designs that prioritize male comfort, safety concerns on public transport, and societal expectations that push women out of the stands after marriage or motherhood. As Pope explains, “football is sexist, what do you expect?” – a reality the exhibit seeks to expose and challenge.Visitors can experience mixed‑media installations that blend personal anecdotes with broader themes of loss, renewal, and the collective euphoria of a match. One soundscape, for example, transforms complaints of cold, mud, and hunger into the roar of a crowd as the game begins, illustrating how football has resonated with women for generations.The exhibition runs until the end of the season and is also available online for a wider audience.