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"The failure is big," Liverpool midfielder Ryan Gravenberch declared after the Champions League loss to Paris Saint-Germain. The defeat not only eliminates Liverpool from Europe but also seals a season that will finish trophyless. Manager Arne Slot has repeatedly insisted that the future looks very bright for Anfield, yet the club’s reality is starkly different. A business model built on lucrative broadcasting and commercial revenues now faces a potential top‑five miss, a scenario that would be financially and reputationally humiliating for a side that spent nearly £450 million on its squad last summer. Slot’s request for three seasons to steer Liverpool’s transition is under intense scrutiny. In the past 16 days Liverpool have played five matches: three defeats, two aggregate exits totalling 8‑0, and a solitary league win sparked by 17‑year‑old Rio Ngumoha. The pattern underscores a season riddled with setbacks. Sporting director Richard Hughes observed that despite a respectable xG of 1.94 against PSG, Liverpool’s performance fell short, a symptom of deeper issues. The situation worsened when forward Hugo Ekitiké collapsed with a suspected Achilles injury in the 27th minute, likely ruling him out for the remainder of the campaign. His absence further hampers the newly assembled £320 million front line of Alexander Isak, Hugo Ekitiké and Florian Wirtz, who have barely featured together. Slot’s tactical gamble of starting Isak after a four‑month hiatus and deploying a back five at the Parc des Princes backfired. Isak managed only five touches before being substituted at halftime, illustrating that a Champions League quarter‑final is not the venue for experimentation. After the second leg, Slot attempted to inject optimism, stating, "The good thing is Alex is back" and reiterating that the club can compete with Europe’s champions on home soil. Critics argue this positivity is misplaced, especially as Liverpool scrambles through the run‑in with key players missing. With six league games remaining, a fit Isak could be the difference between securing Champions League qualification and enduring further humiliation. Both Isak and Wirtz must begin to justify their hefty transfer fees, despite recent injury concerns and underwhelming output. In a candid interview with Ziggo Sport, Gravenberch summed up the mood: "No, actually not. It’s disappointing. We have to pick ourselves up as Sunday is waiting. We still have six matches in the league and we just want to play in the Champions League next year as well." He added that the season feels plagued by setbacks—late goals conceded and missed chances—making this a tough, failure‑laden campaign from which the squad must learn.

Pet owners in Britain may soon be barred from purchasing flea‑control products for cats and dogs at local shops. The government has opened an eight‑week public consultation to consider restricting sales to veterinarians or pharmacists, arguing that professional oversight will ensure correct usage and reduce environmental harm. Current regulations allow these topical treatments—containing potent insecticides such as fipronil and imidacloprid—to be bought in any pet store. Once applied, the chemicals disperse into the animal’s fur, enter waterways through washing or swimming, and have been linked to songbird nest failures and massive bee mortality. Water minister Emma Hardy emphasized the government’s commitment to “restore nature and clean up our rivers,” noting that while the products are vital for pet health, their distribution should be limited to professionals who can advise on safe application. Research funded by the Veterinary Medicines Directorate (VMD) found that pet owners’ use of these treatments contributes to detectable levels of fipronil and imidacloprid in rivers and lakes. Environment Agency data reveal fipronil residues in 98% of water samples and imidacloprid in 66%, often exceeding toxicity thresholds for aquatic insects. One monthly flea treatment for a large dog contains enough imidacloprid to kill 25 million bees, underscoring the broader impact on pollinator populations. In the UK, fipronil is an ingredient in 66 veterinary products, while imidacloprid appears in 21. Abigail Seager, chief executive of the Veterinary Medicines Directive, acknowledged the dual role of these chemicals in protecting pets and people from parasites, but warned that “they are entering our waterways and may be having wider environmental impacts.” She called for diverse stakeholder input to balance medicine availability with ecological protection. The consultation follows a recent governmental pledge to ban imidacloprid and two other neonicotinoids—clothianidin and thiamethoxam—from agricultural use, reflecting a broader strategy to safeguard biodiversity.

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 UK government's goal to build 1.5m homes in England during this parliament has hit a major obstacle. Barratt, the country's largest housebuilder, has scaled back its land purchases, citing a 'less certain backdrop' due to the Iran war. This move is expected to result in the acquisition of between 7,000 and 9,000 plots, down from the previously anticipated 10,000 to 12,000 plots.The reduction in land purchases translates to approximately £100m less in spending, out of a budget of £800m-£900m. While Barratt's 'disciplined approach' is not a complete halt, it is a significant scaling back. This development comes as the government's target already seemed out of reach, with 208,600 new houses built in 2024-25, down 6% from the previous year and well below the required annual average of 300,000.The government's ambitious target was always dependent on big housebuilders like Barratt to drive growth. However, with interest rates and mortgage rates not expected to fall this year, and energy costs rising, the market conditions are becoming increasingly challenging. The industry is proposing more support for housebuyers, but the Treasury is likely to be cautious about the potential inflationary effects.In conclusion, the government's 1.5m housebuilding target is facing significant headwinds, and it is likely that the goal will be missed. The reforms to planning and the reintroduction of hard targets for local authorities are steps in the right direction, but the impact of the Iran war and economic uncertainty will likely act as a further brake on progress.

The biggest public backer of World Liberty Financial, the crypto venture co‑founded by the Trump family, has publicly accused the firm of embedding a covert "backdoor blacklisting" feature that allows it to freeze token holdings at will. On Sunday, blockchain entrepreneur Justin Sun posted on X, alleging that World Liberty’s smart contracts for the WLFI token contain a tool that can unilaterally freeze, restrict, or confiscate any user’s assets without cause or recourse. Sun did not provide evidence, but said his own wallet was locked in September, making him the "first and single largest victim" of the alleged mechanism. World Liberty responded on X, stating, "We have the contracts. We have the evidence. We have the truth. See you in court, pal," and directed observers to its own posts for clarification. The company’s official risk disclosures do note that it may block or freeze addresses deemed linked to illegal activity or terms violations – a practice also employed by other crypto issuers such as Tether. Sun, who invested tens of millions of dollars in WLFI and later increased his stake to at least $75 million according to his 2025 posts, has not shared the purported blockchain records that supposedly show his wallet being blacklisted by a single administrative account. World Liberty, launched in 2024, claimed it would empower small investors through a decentralized‑finance app that has yet to launch. Reuters analysis indicated the venture generated **more than $460 million** for the Trump family in the first half of 2025. In March, the U.S. Securities and Exchange Commission settled a 2023 lawsuit against Sun for $10 million, alleging fraud and the sale of unregistered crypto securities. Sun made no admission of wrongdoing. The dispute highlights the murky regulatory environment for crypto in the United States, where the SEC has limited jurisdiction and has declined to comment on the legality of token‑freezing practices.

At the Metropolitano, Barcelona appeared to be in control early on, with Lamine Yamal delivering a pinpoint cross that set up a near‑certain goal for Fermín López. The strike was thwarted by a spectacular save from Juan Musso, leaving López drenched in claret. Had the ball found the net, Barcelona would have taken a 3‑0 lead and an advantage in the tie after already scoring through Yamal and Ferran Torres in the opening half‑hour.The deadlock was broken when Charlton‑trained forward Ademola Lookman netted the decisive goal, sending Atlético Madrid into the Bigger Cup semi‑finals. The victory sparked an exuberant reaction from coach Diego Simeone, who praised his side’s enthusiasm and readiness for the next challenge, hinting at a possible showdown with Arsenal or Sporting.In the aftermath, Barcelona winger Raphinha launched a scathing critique of referee Clément Turpin, alleging that the officiating had robbed his team not only in the second leg but also in the first. The Brazilian warned that his comments could land him on UEFA’s disciplinary “naughty step,” with precedent suggesting a suspension of at least three matches for such language.The controversy deepened as Turpin refrained from issuing any bookings to Atlético players and denied Barcelona what they believed were two clear penalty opportunities across both legs. Musso, who had earlier saved López’s chance, dismissed the accusations, emphasizing that the match was decided on the pitch and that disciplinary actions are part of the game’s reality.Further coverage of the European fixtures, including live updates from the Bigger Cup quarter‑finals and analysis from Guardian experts, is available on the publication’s football portal.

In the first three months of 2026, the United States’ six biggest banks collectively generated $47.4 bn in net profit, edging close to the $50 bn mark. The earnings surge reflects a sharp rise in trading activity as market participants scrambled for safety after the US‑Israeli offensive against Iran sparked a wave of volatility. Bank of America and Morgan Stanley led the pack with profit jumps of 17% and 30% respectively, while Goldman Sachs posted a 19% increase. JPMorgan Chase reported a 13% rise to $16.5 bn, Citi posted a striking 42% jump to $5.8 bn, and Wells Fargo added a modest 7% gain to reach $5.3 bn. Chief Executive David Solomon of Goldman Sachs described the results as a “very strong performance … even as market conditions became more volatile,” noting that the shift in client behavior toward cash‑preserving strategies boosted fee‑based trading revenue. Meanwhile, Bank of America’s CEO Brian Moynihan cautioned that the board remains “watchful of evolving risks,” acknowledging the broader uncertainty surrounding the Middle‑East conflict. The conflict has disrupted tanker traffic through the Strait of Hormuz, pushing energy prices higher and feeding inflationary pressures. The International Monetary Fund responded by trimming its 2026 US growth forecast by 0.1 percentage points to 2.3%, warning that a deeper escalation could trigger a global recession, especially for net energy importers and developing economies. Higher borrowing costs and inflation expectations have dampened demand for loans and mortgages, potentially curbing future investment‑banking fees tied to mergers and acquisitions. Yet, the immediate impact on trading desks has been lucrative, prompting banks to return cash to shareholders. JPMorgan set a quarterly record with a $8.3 bn share‑buyback, Bank of America followed with $7.2 bn, Citi spent $6.3 bn—its biggest buyback in two decades—while Goldman, Wells Fargo and Morgan Stanley allocated $5 bn, $4 bn and $1.8 bn respectively. Analysts view the earnings surge as a short‑term windfall that may not be sustainable if the geopolitical tension persists. Prolonged conflict could suppress corporate earnings, reduce merger activity, and ultimately erode the trading‑driven profit model that has underpinned this quarter’s success.

Vaibhav Sooryavanshi, a 15-year-old Indian cricketer, has been making waves in the cricket world with his impressive batting skills. During a recent Indian Premier League match, Sooryavanshi faced off against Jasprit Bumrah, widely regarded as one of the world's top bowlers. Sooryavanshi hit Bumrah's first ball over wide long-on and his third over deep-backward square, outperforming the world's best batters by nearly 1,900%.Sooryavanshi's talent has sparked debate about whether he could be cricket's next superstar. However, David Court, head of player identification at the England and Wales Cricket Board, cautions that it's too early to tell. Court emphasizes that mental toughness and adaptability are crucial for a player's success, and that Sooryavanshi still has a long way to go.Sooryavanshi's impressive performance in the Under-19 World Cup, where he scored 439 runs with a strike-rate of 169.49, has drawn praise from coaches. Paul Adams, a former South African wrist-spinner turned coach, notes that Sooryavanshi's unique style and ability to hit big shots will be tested as top bowlers start to figure him out.The article highlights the challenges young players like Sooryavanshi face in today's cricket landscape, where social media fame and pressure to perform can be overwhelming. With 3.8 million followers on Instagram, Sooryavanshi's fame has outpaced his cricket achievements, and he will need to navigate these challenges to reach his full potential.

The Brexit debate has taken a significant turn, with Keir Starmer's government now openly acknowledging the need for closer ties with the EU. This shift in approach comes as the UK faces increasing global uncertainty, including Vladimir Putin's territorial aggression, Donald Trump's geopolitical vandalism, and China's emergence as a superpower.In opposition, Starmer had pushed Brexit to the margin of debate. However, in government, he has learned that Europe is central to Britain's interests, whether discussed or not. The avoidance of painful arguments from the past has turned out to be a handicap when making plans for the future.Labour's 2024 general election manifesto had pretended that Brexit was a historical event, something Boris Johnson got 'done' in 2020. However, the relationship with the EU cannot be settled due to its evolving nature and the UK's position as an ex-member on its border.The options are now more Brexit or less, never a steady state. Johnson's Brexit deal was structured to accelerate separation over time, with the theory that divergence from EU rules would give Britain a competitive advantage. However, this Eurosceptic fantasy has been exposed as wrong, with the UK now seeking to put Johnson's divergence ratchet into reverse.Downing Street's acceptance of this logic has been flagged by a gradual change in rhetoric, with the prime minister now listing Brexit as an affliction in the same category as the Covid pandemic. The chancellor, Rachel Reeves, identifies closer integration with Europe as 'the biggest prize' in a dash for growth.To facilitate a more intimate relationship, the government proposes legislation that will give ministers open-ended powers to adopt EU standards for various sectors of the economy. This 'dynamic alignment' is supposed to make it easier for businesses to move goods into the single market and make Britain a more attractive destination for investment.However, the Conservatives and Reform UK are appalled, objecting to the circumvention of future legislative scrutiny by the use of so-called Henry VIII powers. The real grievance is the old ideological one, equating any application of single market rules to colonisation by Brussels.As Starmer tries to go in this direction, he will collide with familiar Brexit obstacles. The European Commission will insist there can be no 'cherrypicking' from the single market; that non-member states wanting to enjoy the benefits of a European club can expect to pay subscription fees into European budgets.Opinion polls routinely show a clear majority of voters think Brexit has gone badly. The logic of pooling resources with continental neighbours can only grow in the light of wildfires started by Trump along the international horizon.Starmer knows these conditions permit a more assertive agenda of EU integration. However, it is hard to take bolder strides within red lines – no free movement; no single market membership; no customs union – drawn when Labour's Europe policy was defined by the preference to change the subject.