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The International Monetary Fund has cautioned that the US‑Israel war on Iran could ignite a new wave of global inflation, jeopardising the outlook for world growth even if the current cease‑fire endures. IMF Managing Director Kristalina Georgieva announced on Thursday that the Fund will lower its growth projection for the global economy at next week’s IMF‑World Bank Spring Meetings, stating that the conflict has turned a potential upgrade into a growth downgrade. Earlier this year the IMF had lifted its forecast to 3.3 % growth for the 191‑member economies. That optimism evaporated after the war erupted on 28 February, driving up oil and natural‑gas prices, damaging energy infrastructure such as refineries and tanker terminals, and disrupting fertilizer shipments essential for global agriculture. Georgieva warned that the conflict is eroding business and consumer confidence and urged member nations to “get your house in order” as heightened defence spending adds further strain to the world economy. She also expressed confidence that the IMF will secure U.S. congressional approval this year for a 50 % increase in quota‑based lending resources, unlocking more of its roughly $1 trillion lending capacity. The United States, the Fund’s largest shareholder, would thereby provide crucial financial reassurance amid uncertain future developments. In a newly released report, the IMF estimated that countries directly involved in armed conflict typically see output fall by about 3 % at the outset, accumulating to roughly 7 % losses over five years. However, the study noted that economies like the United States may avoid severe economic damage because the fighting does not physically affect their own territory. Central banks are also on alert. Georgieva emphasized that “the central bank cannot afford to let inflation spiral out of control,” a statement that precedes the U.S. Federal Reserve’s two‑day policy meeting scheduled for 28–29 April, where interest‑rate decisions will be made amid political pressure from President Trump to lower rates. Other monetary authorities, including the Bank of Mexico, warned that the Middle‑East turmoil could push inflation higher in Latin America’s second‑largest economy, underscoring the broader spill‑over risks of the conflict.

Argentina's lawmakers have given the green light to a bill championed by President Javier Milei that permits mining in sensitive glacier and permafrost regions. The move has sparked fierce criticism from environmentalists, who argue it jeopardizes vital water sources. The bill, which was already approved by the Senate in February, passed with 137 votes in favor, 111 against, and three abstentions in the Chamber of Deputies after a marathon 12-hour debate. This development is seen as a significant victory for Milei, who has been pushing for looser regulations to attract large-scale mining projects. Environmentalists have expressed deep concerns that the reforms will undermine protections for glaciers and permafrost, which are crucial for water supplies. Thousands of people demonstrated outside parliament, with some protesters clashing with police. Banners displayed slogans such as 'Water is more precious than gold!' and 'A glacier destroyed cannot be restored!' The bill allows for mining of metals like copper, lithium, and silver in the Andes mountains. Argentina is a major producer of lithium, a critical component for the global tech and green energy sectors. The central bank forecasts that mining exports could triple by 2030. Milei, who does not believe in man-made climate change, argues that the bill is necessary for economic growth. 'Environmentalists would rather see us starve than have anything touched,' he has stated. The reform gives provinces more power to decide which areas to protect and which to exploit economically. Environmental activist Flavia Broffoni countered that 'the science is clear' and that creating a 'sustainable mine' in a periglacial environment is not possible. With nearly 17,000 glaciers and rock glaciers in Argentina, concerns over glacial reserves shrinking due to climate change add urgency to the debate.

Djibouti, a one‑million‑strong nation perched on the Bab al‑Mandeb Strait, is set to hold its presidential election on April 10. All signs point to incumbent Ismail Omar Guelleh securing a sixth term with little genuine opposition. The country’s strategic location—linking the Red Sea to the Gulf of Aden—makes it a linchpin for global trade and a magnet for foreign military installations. The United States, France, China, Italy and Japan all maintain bases there, earning Djibouti the reputation of hosting the highest concentration of overseas military sites. Officially, Djibouti recognizes French and Arabic, while Somali and Afar are widely spoken among the two main ethnic groups, which together comprise roughly 95% of the population. Islam is practiced by about 94% of residents, and the Djiboutian franc remains the national currency. According to the International Foundation for Electoral Systems, 243,471 citizens—about a quarter of the population—are registered to vote, up from roughly 215,000 in the 2021 poll. Historical turnout averages around 67%. IGAD’s eight‑nation bloc has dispatched 17 observers from Ethiopia, Kenya, Somalia, South Sudan and Uganda to monitor the process, with a post‑vote statement slated for April 12. Ismail Omar Guelleh, 78, leads the ruling People’s Rally for Progress. After parliament lifted the 75‑year age ceiling in November and abolished term limits back in 2010, Guelleh is now eligible for another term. Critics label his rule as authoritarian, yet they also acknowledge the relative stability he has maintained in a volatile region. Guelleh’s administration has turned Djibouti’s lack of natural resources into a revenue engine by signing infrastructure deals with China and leasing military facilities to Western powers. In 2017, Finance Minister Ilyas Dawaleh estimated that the bases generate roughly $125 million annually, with the United States contributing nearly half of that sum. The U.S. installation, Camp Lemonnier, remains the only permanent American base on the continent. The sole challenger, Mohamed Farah Samatar, runs under the Unified Democratic Centre after breaking away from the ruling party. His campaign slogan—“another Djibouti is possible”—has resonated only modestly, and observers such as Horn‑of‑Africa expert Sonia le Gouriellec describe the contest as a “token competition”. Human‑rights advocates echo this sentiment, calling the election a “masquerade” and a foregone conclusion. Key issues dominate the discourse. Democratic freedoms have eroded; opposition parties have boycotted elections since 2016, and Guelleh captured over 90% of the vote in 2021. The country ranks 168th out of 180 in the 2025 Reporters Without Borders press‑freedom index, and allegations of corruption and nepotism persist, including speculation that Guelleh’s stepson, Naguib Abdallah Kamil, is being groomed for succession. Economically, Djibouti’s reliance on Chinese financing is creating fiscal strain. By 2026 the nation owed China roughly $1.2 billion in loans, prompting the IMF to label its debt profile “in distress and unsustainable”. Massive infrastructure projects—most notably a railway to Ethiopia—have failed to curb poverty, with 73% of the youth unemployed. The country’s lifeline is its port system, which handles virtually all of Ethiopia’s maritime trade, amounting to about $2 billion in annual revenue. Ethiopia’s recent flirtation with a Somaliland port deal threatened Djibouti’s monopoly, though a Turkey‑mediated agreement in late 2024 redirected Ethiopia toward a “reliable and sustainable” sea corridor with Somalia. In sum, the upcoming election is less about a competitive political showdown and more about reaffirming a status quo that intertwines Djibouti’s geopolitical leverage, foreign‑military income, and mounting debt challenges.

Lebanon has declared a national day of mourning following a devastating wave of Israeli attacks that killed at least 254 people and injured over 1,165 in a single day. Prime Minister Nawaf Salam has mobilized 'all of Lebanon's political and diplomatic resources to stop the Israeli killing machine.'Israeli Prime Minister Benjamin Netanyahu stated that Lebanon is not part of the ceasefire between the US and Iran, a position echoed by US Vice President JD Vance, who said, 'We never made that promise.'Pakistani Prime Minister Shehbaz Sharif, who mediated the ceasefire, claimed the deal included a pause in fighting in Lebanon. However, Iran's Foreign Minister Abbas Araghchi warned that Washington must choose between a ceasefire or 'continued war via Israel,' emphasizing that it 'cannot have both.'Iranian President Masoud Pezeshkian said a halt to Israeli attacks in Lebanon was a key condition of Iran's 10-point plan for securing an end to the Middle East war. However, a US official stated that Iran's published ceasefire plan is not the same set of conditions agreed on by the White House.US Vice President JD Vance will lead the country's delegation for talks with Iran in Pakistan, while French President Emmanuel Macron has urged that Lebanon be included in the ceasefire as the 'best path to peace.'The conflict has also affected the Gulf region, with Kuwait, UAE, Qatar, Saudi Arabia, and Bahrain reporting damage and disruptions from Iranian strikes. The situation remains volatile, with Israel's Prime Minister Netanyahu stating that Israel is prepared to 'return to battle' if necessary.

Jasveen Sangha, a 42-year-old woman, has been sentenced to 15 years in prison for her role in supplying illegal drugs to Matthew Perry, the actor from the popular TV show Friends. Perry died from the 'acute effects of ketamine' in 2023.In a court appearance, Sangha expressed regret for her actions, stating, 'I take full responsibility for my actions. These were horrible choices that ultimately proved tragic.'Sangha pleaded guilty to five felony drug counts linked to Perry's death, including distributing ketamine resulting in death. Her defence lawyers had requested a sentence limited to time already served, but District Judge Sherilyn Garnett handed down a harsher sentence, citing Sangha's continued sale of ketamine after Perry's death as a lack of remorse.Perry had struggled with substance abuse and prescription painkillers, sharing his experiences in his memoir, Friends, Lovers, and the Big Terrible Thing. Federal officials reported that Perry became addicted to ketamine during infusions at a clinic, and when doctors declined to increase his dosage, he turned to alternative sources.Sangha, referred to as the 'Ketamine Queen', admitted to selling 51 vials of ketamine to a go-between, who then sold them to Perry through his personal assistant. Prosecutors stated that this led to Perry's death from ketamine overdose.

Lebanon declared a national day of mourning after a wave of Israeli airstrikes on Wednesday resulted in at least 254 fatalities and more than 1,165 injuries. Prime Minister Nawaf Salam announced the mobilisation of "all of Lebanon’s political and diplomatic resources" to halt what he described as the "Israeli killing machine." In response, Israeli Prime Minister Benjamin Netanyahu asserted that Lebanon was not included in the cease‑fire agreement negotiated between the United States and Iran. U.S. Vice President JD Vance reinforced this position, stating, "We never made that promise." The stark contrast between the humanitarian toll in Lebanon and the diplomatic statements from Jerusalem and Washington highlights the fragility of the US‑Iran ceasefire. Analysts warn that the exclusion of Lebanon from the agreement could fuel further escalation in an already volatile region, complicating diplomatic efforts aimed at stabilising the broader Middle‑East landscape.

As the cost of living crisis continues to bite, finding ways to lower your grocery bill has become more important than ever. Retail workers are sharing their insider knowledge on how to save money at supermarkets, street markets, and charity shops.Be Savvy About Store DiscountsMany supermarkets offer yellow-stickered items that are reduced in price due to nearing their expiration dates. These discounts can be significant, with reductions of up to 75% off. Alasdair Baker, who runs The Penny Pincher, advises shopping for these items in the late afternoon or early evening when the biggest reductions are typically applied.View image in fullscreenTiming matters … you’ll find the biggest reductions on yellow-sticker items in the late afternoon and early evening. Be AppySome grocery stores use apps such as Too Good To Go and Olio to offer discounts or free food to avoid food waste – but it can be a gamble as to what you get.Use Common SenseIf you buy something reduced on the day it is expiring, that doesn’t mean you need to eat it that day. There is a difference between “best before” dates, which are about food quality and the more important “use by” dates, which are about food safety.Be Cautious About ‘Bogof’ Deals“There aren’t as many buy one, get one free [bogof] deals now, because of new rules that came into place last year,” says Baker. These restrict promotions of products high in fat, sugar or salt.Avoid Big BrandsThe ends of supermarket aisles often feature big brands, says Baker. “They are not placed there randomly: the companies pay an awful lot of money. The idea is to try to coax people into buying those products more often.”Sign Up for a Store Card“It’s sad that we now have to essentially sell our data to the supermarkets in exchange for affordability – but such is life in 2026,” says Jenny Rogers. “If you have a store card, it is also worth getting the supermarket app, as a lot of stores will give you one or two personalised offers a week, or periodic free delivery for members.

Janett and Erika Liriano, growing up in Queens as daughters of Dominican immigrants, were encouraged to dream big. By their late 20s, Janett had been named a Forbes 30 Under 30 Listmaker and was chief of staff at a biopharmaceutical firm, while Erika was making a name for herself in venture capital.However, feeling unfulfilled, they decided to leave their lucrative jobs and move to the Dominican Republic to start a chocolate company. Inspired by their parents' homeland and the country's rich cacao resources, they aimed to create a vertically integrated cacao company that would benefit local farmers.The Dominican Republic produces about 60% of the world's organic cacao, but most of its export is raw beans, with the majority of profit made in countries like Belgium, Germany, and the US. The sisters saw an opportunity to change this and create a more equitable supply chain.After months of research and planning, they launched Inaru Chocolate, a company that contracts directly with farmers and pays them a fixed rate, ensuring fair prices and better livelihoods. The company pays farmers 3% of every product sold, resulting in 30 to 50% higher earnings than what most other buyers offer.In 2023, they opened a 7,000-sq-ft chocolate factory outside Santo Domingo, employing 35 people and producing high-end chocolate. Their business model has attracted brands like the W Hotel and Zingerman's, with 80% of their business coming from B2B sales.The sisters' journey hasn't been easy, facing challenges like securing funding and navigating language barriers. Despite these obstacles, they have raised $12m in investments and are committed to creating jobs and empowering local farmers in their parents' homeland.

Britain has weathered a succession of crises since the 2008 financial collapse— austerity, Brexit, Covid, the Ukraine war and recent political turbulence. Prime Minister Keir Starmer says the war in Iran must become a turning point, forcing the country to build lasting resilience at home and with its European partners.Starmer stresses that the UK’s response to the Iranian aggression has been guided by de‑escalation, diplomacy and the swift reopening of the Strait of Hormuz. While Britain avoided direct offensive action, it intercepted drones, shot down missiles and protected British lives and interests alongside allies who share the same stance.The government’s approach, he explains, is to reduce escalation, work with allies and safeguard economic stability. In a world that is “more volatile and dangerous than at any other point in my lifetime,” such a strategy is presented as essential for protecting British interests.Starmer links global instability to domestic pressures, noting that the same tensions that threaten security also drive up energy prices, disrupt supply chains and strain household finances. To counter this, his administration has capped energy bills and invested heavily in homegrown energy sources, aiming to free the UK from reliance on external gas suppliers.On the defence front, the UK has announced the largest sustained increase in defence spending since the Cold War, reinforcing European alliances and expanding military capacity. Parallel to these security measures, the government has launched an ambitious industrial strategy, strengthened workers’ rights and pledged to lift more than half a million children out of poverty through a new child‑poverty programme.Starmer argues that these policies are not isolated reactions but part of a broader shift toward long‑term resilience. By building secure, domestic energy, robust alliances and a stable economy, Britain can “shape its future and deliver on priorities that matter to working people.”He concludes that Britain will not attempt to recreate the pre‑2008 world; instead, it will forge a stronger, more secure, and more resilient nation capable of withstanding future shocks.