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Economy Apr 12, 2026

Global Economy Faces Biggest Oil Shock in Decades as US-Israeli War on Iran Escalates

The US-Israeli war on Iran has triggered the biggest energy shock of the modern age, with oil and g…
The world's finance ministers and central bank governors are gathering in Washington for the half-yearly meetings of the International Monetary Fund and the World Bank, with the global economy in a perilous spot. The US-Israeli war on Iran, coming soon after the Covid pandemic and Russia's invasion of Ukraine, has triggered significant economic turbulence.Even if a durable peace deal in the Middle East can be reached, there will still be permanent economic scars. The conflict has caused damage to infrastructure, heaping further pressure on already struggling households. This is the biggest energy shock of the modern age, with oil and gas prices surging, inflation rising, and borrowing costs increasing.The IMF has said it will cut its growth forecasts for 2026 when it publishes its flagship world economic outlook. In every scenario, growth is slower and inflation higher. Households worldwide will feel the pain, with the world's poorest bearing the brunt.The fund's managing director, Kristalina Georgieva, has urged officials to work together, warning that "go-it-alone actions" may have appeal but would ultimately make matters worse. The IMF cautions that any energy support should be targeted and temporary to limit the costs of blanket support and avoid stoking inequality.For central banks, the fund urges them to remain vigilant, with financial markets expecting interest rates to be kept on hold or raised to prevent high inflation from becoming entrenched. The economic problems are interlinked with political instability, making it a challenging situation for governments worldwide.
#International Monetary Fund #oil prices #United States
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Sports Apr 12, 2026

Women's Super League Hit by Momentum Loss Due to Extended International Break

The Women's Super League is facing a significant loss of momentum due to an extended international …
The Women's Super League (WSL) is experiencing a critical loss of momentum as the season approaches its climax, due to an extended international break that has left fans and teams alike facing a lengthy period without matches. This 11-day window for up to three international fixtures has created a significant gap in the schedule, coming at a time when interest in the league should be swelling. The break, which includes nearly four weeks without WSL fixtures, poses a challenge for teams and fans. For instance, Everton drew 5,292 fans to the Merseyside derby before going a month without a game. Similarly, Leicester, bottom of the Women’s Super League, do not play at home between 29 March and 3 May, missing a crucial opportunity to rally fan support. Sarina Wiegman, England’s head coach, has expressed concerns about the congested agenda and the amount of games players participate in, stating her preference for a two-match international break over three. This sentiment is echoed by various teams and players who see the extended break as a disruption to the rhythm of the domestic season. While some, like Charlton head coach Karen Hills, view the break as a necessary reset moment for players, both mentally and physically, the overall impact on the league's momentum and fan engagement is significant. The WSL's growth and the development of a fan culture are hindered by such gaps in the schedule, making it challenging for new fans to integrate match-going into their routine. Looking ahead, similar disruptions are expected in 2027, 2028, and 2029 due to scheduled three-game international windows. This ongoing issue highlights the need for a more cohesive scheduling approach to support the growth and continuity of women’s football.
#april #women #there
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Politics Apr 12, 2026

Pakistan Deploys Fighter Jets to Saudi Arabia as US‑Iran Ceasefire Talks Intensify

Pakistan sent a squadron of fighter and support jets to Saudi Arabia under a 2025 mutual defence pa…
Pakistan dispatched a mixed fleet of fighter and support aircraft to King Abdulaziz Air Base in Saudi Arabia’s Eastern Province on Saturday, marking the first visible military action under the mutual defence agreement signed in September 2025. The Saudi Ministry of Defence confirmed the landing, noting the deployment aligns with the collective defence clause that obliges each signatory to treat an attack on the other as an attack on itself. At the same time, Islamabad is hosting direct US‑Iran negotiations aimed at halting weeks of regional fighting triggered by Iran’s missile and drone strikes on Gulf targets after the US‑Israeli killing of Supreme Leader Ali Khamenei on 28 February. Foreign Minister Ishaq Dar told reporters he personally warned Iranian leaders in early March that Pakistan must honour its obligations to Riyadh. Tehran, seeking assurances that Saudi soil would not be used for attacks against it, received such guarantees, Dar added. Despite these diplomatic overtures, Iranian attacks on Saudi facilities – including key bases and a US embassy building – have persisted. In early March, Pakistan’s army chief, Field Marshal Asim Munir, flew to Riyadh to discuss measures to curb Iranian strikes within the framework of the defence pact. Four days before the jet deployment, Prime Minister Shehbaz Sharif phoned Crown Prince Mohammed bin Salman, pledging that Pakistan would stand “shoulder to shoulder” with Saudi Arabia. The two leaders also agreed to accelerate a $5 billion Saudi investment package earmarked for Pakistan. Saudi Finance Minister Mohammed al‑Jadaan met Sharif, Dar and Munir in Islamabad on Saturday, underscoring the economic dimension of the partnership. Saudi Arabia hosts roughly 2.5 million Pakistani workers, whose remittances are vital to Pakistan’s fragile economy, and has repeatedly provided financial assistance. Security analyst Imtiaz Gul told Al Jazeera the deployment was not intended as a military escalation but as a “messaging tool” to remind Tehran of Pakistan’s treaty obligations. “Three jets won’t make much of a difference militarily,” he said, noting Saudi Arabia’s own sizable air force. Michael Kugelman, senior fellow for South Asia at the Atlantic Council, described the move as “a risky gambit.” He warned that if Iran refuses concessions, Pakistan could be drawn closer to Saudi Arabia, potentially invoking the defence pact in a renewed conflict.
#Pakistan Air Force #Saudi Arabia #US‑Iran ceasefire negotiations
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Sports Apr 11, 2026

Tyson Fury Weighs In Lighter for Heavyweight Comeback Fight Against Makhmudov

Former world heavyweight champion Tyson Fury weighed in at 267.9 pounds for his comeback fight agai…
Former world heavyweight champion Tyson Fury has weighed in considerably lighter than his previous fight in 2024, but still carries a few pounds more than his opponent, Russian Arslanbek Makhmudov. Fury registered 267.9 pounds in his underwear during Friday's weigh-in, while Makhmudov stepped up at 264.9 pounds.Fury's weight is a decrease from the 281 pounds he recorded for his rematch with world champion Oleksandr Usyk in December 2024 and 262 pounds against the Ukrainian in May that year. The 37-year-old Briton stated he still had 'a bit left in the tank' as he came out of retirement for the fifth time.'After another four or five retirements, I should be good,' Fury said. 'My priority is to beat this fella, I've got loads of Easter eggs in the fridge ready for me. Whoever has these belts, I want them back.'Fury emphasized his commitment to making a statement, saying he came in 'nice and light and lean' for the fight. He has spent 16 weeks training in Thailand and has promised fans a knockout win at the Tottenham Hotspur Stadium on Saturday night.'I'll knock his head right off his two shoulders,' Fury told reporters on Thursday. 'I'll be like the gamecock on top of Tottenham Hotspur Stadium, and he'll be like the knocked-out man sparked out on the floor.'The bout against Makhmudov will be broadcast exclusively on Netflix, highlighting Fury's continued commercial appeal even after a 16-month absence from the ring. Fury boasted about his financial draw, saying, 'I'm the money man. When you mention Tyson Fury in heavyweight boxing, you know you're getting paid.'
#fury #list #his
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News Apr 11, 2026

Benin’s 2026 Presidential Vote Pits Economic Continuity Against Security and Democratic Concerns

Benin’s presidential election on April 12 will likely deliver a smooth transition to finance minist…
Benin is set to choose a new head of state on Sunday, April 12, 2026, in an election that appears to favor the governing coalition’s nominee, finance minister Romuald Wadagni. The 49‑year‑old, a former Deloitte executive, has been hand‑picked by outgoing President Patrice Talon, who is constitutionally barred from seeking a third term after a decade in power. With roughly eight million eligible voters on the rolls, the contest requires a candidate to secure more than 50 % of the vote; otherwise a runoff would be scheduled for May 10. In practice, only two names appear on the ballot: Wadagni, representing the Progressive Union Renewal‑Republican Bloc alliance, and Paul Hounkpe, the 56‑year‑old former teacher and culture minister who runs under the Cowry Forces for an Emerging Benin (FCBE) banner. Wadagni’s campaign emphasizes continuity of Talon’s economic reforms. Under Talon, Benin’s budget tripled and the country posted its strongest GDP growth in over twenty years, with the International Monetary Fund estimating a 7 % expansion in 2025. Investment in trade, agriculture and the Cotonou port has driven this performance, though benefits remain uneven, especially in the poorer northern regions. Security concerns dominate the northern frontier, where al‑Qaeda and IS‑linked militias from the Sahel have intensified cross‑border raids. Recent attacks by the JNIM network killed 54 soldiers in 2025 and another 15 in early 2026. A failed coup attempt in December 2025, allegedly motivated by neglect of troops in the north, left about 100 suspects awaiting trial. Wadagni has pledged to create municipal police forces to protect border towns, while Hounkpe warns that the current administration has sidelined citizens despite macro‑economic gains. Beyond economics and security, the election raises questions about Benin’s democratic health. Talon’s government has been criticized for suppressing protests, extending presidential terms from five to seven years, and enabling the president to appoint Senate members—moves that have effectively eliminated opposition representation. In the January parliamentary vote, Talon’s allies captured all 109 seats, and the main opposition party, the Democrats, failed to field a presidential candidate. Observers note that voter turnout will be a key barometer of public sentiment. The last presidential election saw only about 50 % participation. Al Jazeera reporter Ahmed Idris described the atmosphere at a governing‑party rally in Cotonou as “lively,” but cautioned that it may not reflect the broader mood in a nation where democratic space appears to be shrinking. Should Wadagni win, he pledges to build on a decade of “economic transformation,” expanding development hubs and healthcare access while maintaining fiscal discipline. Hounkpe, positioned as a moderate alternative, promises to lower basic commodity prices and secure the release of political prisoners detained under Talon’s rule. The outcome will shape Benin’s trajectory at a critical juncture: balancing sustained economic growth, confronting escalating security threats from the Sahel, and navigating the tension between authoritarian tendencies and the country’s reputation as one of West Africa’s more stable democracies.
#benin #talon #country
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Sports Apr 11, 2026

Erling Haaland widens lead in 2025‑26 Premier League Golden Boot race with 22 goals

Erling Haaland tops the 2025‑26 Premier League scoring chart with 22 goals, followed closely by Bre…
Erling Haaland of Manchester City currently leads the Premier League scoring race, having netted 22 goals this season. His prolific form puts him in a strong position to claim the coveted Golden Boot. Hot on his heels is Igor Thiago from Brentford, who has tallied 20 goals. The Brazilian forward’s consistency makes him the most serious challenger to Haaland’s lead. Other notable contributors include Antoine Semenyo (Manchester City) with 15 goals and João Pedro (Chelsea) who sits on 14. Arsenal’s Viktor Gyökeres and Brighton’s Danny Welbeck have each added 12 to their season totals. The list of double‑digit scorers continues with Liverpool’s Hugo Ekitiké at 11, while a group of players—including Bournemouth’s Junior Kroupi, Leeds United’s Dominic Calvert‑Lewin and Fulham’s Harry Wilson—have reached the 10‑goal mark. A broader cluster of athletes sit on nine or eight goals, highlighting the depth of attacking talent across the league. Names such as Morgan Gibbs‑White (Nottingham Forest), Ollie Watkins (Aston Villa), Bruno Guimarães (Newcastle United) and Richarlison (Tottenham) illustrate the competitive nature of the race. With several clubs represented among the top scorers, the Golden Boot contest remains wide open. Should Haaland maintain his scoring pace, he could secure the award early; however, the narrow gap to Thiago and the surge of mid‑table forwards suggest a thrilling finish to the 2025‑26 campaign.
#united #manchester #everton
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Sport Apr 11, 2026

Rory McIlroy attributes record‑breaking 65 and six‑shot Masters lead to intensive Augusta scouting trips

Rory McIlroy explains how a series of targeted trips to Augusta National—combining practice, short‑…
Rory McIlroy says the intensive scouting trips he made to Augusta National in the weeks before the Masters were pivotal to his dominant performance. His second‑round 65, which featured six birdies in the final seven holes, set a new tournament record and made him the first defending champion to lead by six strokes at the halfway mark. Rather than using his three‑week break from the PGA Tour to rest, McIlroy leveraged his private jet to maximize time on the course. He described a routine of dropping his daughter Poppy at school, flying to Augusta, playing a round, then returning home for dinner with his wife Erica. He believes this blend of family time and focused practice was more valuable than a traditional tournament warm‑up in Houston or San Antonio. “I’ve been on this golf course so much the last three weeks,” McIlroy explained. He spent the period honing his chipping and putting, playing a single ball to explore the course’s nuances, and locating “weird places” that most players never encounter. He credits this immersion as a major factor in his record‑setting round. Looking ahead, McIlroy says the size of his lead will not dictate his mindset for round three. He will be joined by Sam Burns on Saturday, with Patrick Reed and Justin Rose slated for the penultimate group. “I’ve built up a nice cushion,” he noted, adding that his focus remains on “playing two good rounds again” and keeping his “foot on the gas.” McIlroy also dismissed any notion that he is trying to intimidate his rivals. “Golf is the most amazing game because it’s you, your ball and the course,” he said, emphasizing that external pressure should not affect a player’s performance.
#just #mcilroy #masters
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Politics Apr 11, 2026

US Court Hears Case Against Trump's Global Import Tariffs

A US federal court is hearing a case against President Donald Trump's global import tariffs, with s…
The US Court of International Trade is hearing oral arguments in a case aimed at overturning President Donald Trump's global import tariffs. The tariffs, which were imposed in February, have been met with opposition from several US states and small businesses.The plaintiffs, including 24 mostly Democratic-led states and two small businesses, argue that the 10% global import tax sidesteps a Supreme Court ruling that invalidated most of Trump's previous tariffs. They claim that the tariffs are based on archaic authority meant to protect the US dollar from sudden depreciation in the 1970s, not to address routine trade deficits.Oregon's lawyer, Brian Marshall, told the judges that they should block the tariffs rather than let them expire on the normal 150-day timeline, to prevent Trump from invoking laws to keep them indefinitely. "[If] we have a successive series where there's always tariffs in place, that's a problem," Marshall said.The Trump administration has argued that the global tariffs are a legal and appropriate response to a persistent trade deficit caused by the fact that the US imports more goods than it exports. "President Trump is lawfully using the executive powers granted to him by Congress to address our country's balance of payments crisis," White House spokesperson Kush Desai said.The case is significant as it challenges Trump's use of Section 122 of the Trade Act of 1974, which authorises duties of up to 15% for up to 150 days on imports during "large and serious United States balance-of-payments deficits" or to prevent imminent depreciation of the dollar.
#Donald Trump #US federal court #Supreme Court ruling
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Business Apr 10, 2026

Crispin Odey Withdraws £79m Libel Claim Against Financial Times

Crispin Odey, a former hedge fund manager, has dropped his £79m libel claim against the Financial T…
Crispin Odey, the former hedge fund manager, has dropped his £79m libel claim against the Financial Times over its reporting of sexual misconduct allegations against him, his lawyers have said.In 2023, the FT published several articles from 20 women alleging sexual assault and harassment against Odey, covering a period of five decades. He has previously denied the allegations against him.On Friday, lawyers for the former hedge fund tycoon, 67, said he had been “forced to accept” that the newspaper was “likely to succeed in establishing” its public interest defence.Odey’s decision to drop his claim follows a three-week hearing in which he challenged a decision by the Financial Conduct Authority, the City regulator, to ban him from the financial services industry.The FT’s editor, Roula Khalaf, said: “This is a vindication for investigative journalism and for the victims whose stories of abuse we reported. The FT was always confident in its reporting. This is a case that should have never been brought.”In March 2025, Odey was provisionally banned from working in financial services and fined £1.8m by the UK regulator for a “lack of integrity”. The FCA said at the time that Odey had attempted to “frustrate” a disciplinary process into sexual harassment allegations against him, and his conduct proved he was “not a fit and proper person to perform any function”.
#odey #against #allegations
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