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Economy Apr 12, 2026

Iran Conflict Dampens UK Housing Market as Sellers Face Despair

The ongoing conflict in Iran has significantly impacted the UK housing market, causing lenders to p…
The UK housing market is experiencing a downturn due to the Iran conflict, which has led to increased uncertainty and fear among buyers and sellers. This conflict has resulted in lenders pulling hundreds of mortgage products within 48 hours of the war's outbreak, replacing them with more expensive deals.As a result, buyers and sellers are having second thoughts, with some pulling out of deals altogether. The mood in the market is one of 'fear and uncertainty,' according to Andy Wicking, director of the Charles Bainbridge estate agency in Canterbury.In the first three months of this year, just 47% of homeowners who asked Wicking to value their property went on to list it, a significant drop from 68% in the same period in 2025. Wicking notes that owners are still asking for valuations but not acting on them.At the bottom end, first-time buyers and those with the smallest deposits and least experience of riding out a turbulent market are pulling out. Wicking says, 'The chains falling down at the lower end, they're the really cautious ones.'For those who do make it to market, prices are slumping. A house valued at £600,000 may now go on at £575,000 to get buyers through the door. Surveyors are increasingly down-valuing properties too.The conflict has also led to a rise in interest rates, with the average two-year fixed-rate mortgage standing at 5.90% on Wednesday, up from 4.83% at the start of March. Nearly a million homeowners are due to come off five-year fixed deals this year, with those who have secured new deals paying an average of £94 more a month.The timing of the conflict couldn't be worse for owners who usually bring their homes to market after hunkering down for the winter. As Brian Swint, an independent mortgage broker, notes, 'It's the fear.'
#Iran conflict #UK housing market #mortgage lenders
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Business Apr 12, 2026

Luxury Matchboxes Ignite UK Home‑Accessory Market, Prices Soar to £235 Amid Cost‑of‑Living Pressures

UK retailers report a sharp rise in sales of designer matchboxes, with Selfridges seeing a 121% yea…
Designer matchboxes have transformed from a utilitarian item into a coveted home‑accessory, with luxury retailers showcasing collections that command prices up to £235.Selfridges, the high‑end department store chain, says sales of premium matchboxes have jumped 121% year‑on‑year. To meet the surge, the retailer has more than doubled its assortment, now offering over 100 styles priced between £5 and £230, and touts the product as “the must‑have home accessory for 2026”.At the top of the range sits a three‑piece set designed by Cartier, featuring panther‑embellished paper and card tubes that hold 80 matches each and retail for £235.Independent designer Jo Laing, known for ceramic‑topped matchboxes, reports a 60% increase in sales year‑on‑year. Her limited‑edition, reusable boxes now appear in Harrods and are priced at £70, with stock frequently selling out.The matchbox emerged in the late 1800s as a novel advertising canvas, evolving into an unexpected art form that displayed everything from political slogans to commercial branding.While opulent versions in silver, gold and ceramics faded after smoking bans, the recent revival shows the item’s shift from pure function to decorative status.Market analysts suggest the craze reflects tighter household budgets. Consumers, unable to justify expensive candles or décor, are opting for “little treats” that provide a touch of luxury without breaking the bank.Bia Bezamat, cultural insights director at Kantar, notes: “There’s a sustained trend for ‘little treats’ … it’s a response to cost‑of‑living pressures: people want small, affordable pockets of joy to brighten their day.”Claire Dickinson, senior strategist at WGSN Interiors, describes the phenomenon as “the homeware equivalent of the lipstick effect”, where shoppers replace high‑priced luxuries with more modest, yet still indulgent, items. She adds that these matchboxes embody the rise of “beautilities” – practical objects designed to be seen and enjoyed.Henrietta Klug, head of home at Selfridges, says the once‑functional matchbox is “re‑emerging as an object of desire”, now featured on the tables of London’s trend‑setting bars and restaurants.Five of the most expensive matchboxesDebonnaire silver matchbox – £843Diabolo de Cartier graphic‑print matchboxes (set of three) – £225Panthère de Cartier graphic‑print matchboxes (set of three) – £235Jo Laing ceramic moon matchbox – £70Refill for L’Objet matchbox – £25
#Selfridges #UK home accessory market #luxury matchboxes
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Sport Apr 12, 2026

Scottie Scheffler posts career‑best 65 to climb Masters leaderboard

World No. 1 Scottie Scheffler delivered a seven‑under 65 at Augusta, featuring five birdies and an …
While reviewing his putting in the new player facility on Friday evening, Scottie Scheffler found himself drawn to the big‑screen coverage of Rory McIlroy’s round. The sight of McIlroy’s play sparked a shift in Scheffler’s mindset, and with 36 holes remaining he was 12 shots behind the leader but with nothing to lose.Seizing the moment, Scheffler produced a 65 (‑7), the best round of his Masters career. He carded five birdies and an eagle, turning a steady start of 70 and 74 into a decisive surge.His charge began on the long downhill 2nd, where an approach landed in the heart of the green and he sank a six‑foot putt for eagle. He continued the on‑fire stretch through the 7th, 8th and 9th, leaving the front nine five under par with putts of six, 14 and four feet respectively.The crowd swelled as his name lit up the leaderboards. By the time he reached Amen Corner, spectators were lining the fairways, and his 200‑yard tee‑shot on the 11th curled perfectly onto the green, stopping eight feet from the pin.At the 13th, a mis‑hit approach found a bunker, forcing a scramble for par – a rare blemish in an otherwise flawless round. He rebounded with a birdie on the 16th, while short‑range putts at 14 and 17 fell short, leaving him just a few inches from a potential record.When asked if the round could have been even lower, Scheffler responded sharply, yet admitted, “It definitely could have been lower.” He emphasized that he had executed the shots he needed, noting his iron play was “very sharp” and that he created ample scoring opportunities.After the round, Scheffler sat four shots back of the leader, a manageable gap given his momentum. He also reflected on the broader challenge of Augusta, citing the need to master the course, shifting conditions and personal nerves.
#scheffler #his #there
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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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News Apr 11, 2026

Djibouti President Guelleh Secures Sixth Term with Landslide Victory

Djibouti's President Ismail Omar Guelleh has won a sixth consecutive term in office with a landslid…
Djibouti's longtime President Ismail Omar Guelleh has claimed a landslide victory in the country's latest elections, ushering in his sixth consecutive term in the Horn of Africa country.Guelleh secured 97.81 percent of the votes cast on Friday, according to official results published by Djibouti's state-run news agency.His sole opponent, Mohamed Farah Samatar, earned just 2.19 percent of votes. Samatar's Unified Democratic Centre (CDU) opposition party has no seats in parliament, and he struggled to gain recognition ahead of the polls.Guelleh, 78, wrote on X as early results arrived: “Reelected”. Politicians last year removed presidential age limits, allowing him to seek another five years in power.Voter turnout was 80.4 percent on Friday, according to Djibouti media outlets. Roughly a quarter of the population – about 256,000 people – were registered to vote.Guelleh has ruled Djibouti's population of roughly one million since 1999. Neighbouring Eritrea, Ethiopia and Somalia, the country is strategically located at the Bab al-Mandeb strait, which provides access to the Red Sea from the Gulf of Aden.Even as voters turned in their ballots on Friday, few doubted who would win. Thousands had gathered at Guelleh's campaign rallies ahead of the election, while his posters could be seen plastered across the capital.
#guelleh #djibouti #votes
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Sports Apr 11, 2026

Manchester City Must Win at Chelsea to Keep Title Hopes Alive Ahead of Arsenal Showdown

With Arsenal leading the table, Manchester City travel to Stamford Bridge needing a flawless perfor…
Match details: Chelsea host Manchester City at Stamford Bridge on Sunday, 12 April, 4:30 pm BST (15:30 GMT). Live coverage and pre‑match analysis will be available on Al Jazeera Sport from 12:30 GMT. City sit second in the Premier League, trailing league leaders Arsenal by nine points after Arsenal played one more game. A win at Chelsea could shrink the gap to six points, and a victory for Arsenal over Bournemouth on Saturday would widen the gap to twelve, putting immense pressure on Pep Guardiola’s side to collect maximum points. Chelsea, currently sixth, are desperate to reignite their push for a top‑five finish that guarantees Champions League football next season. They sit just one point behind Liverpool, who occupy the final European spot. Guardiola warns of zero‑margin for error Speaking on Friday, Pep Guardiola admitted City’s season has been “inconsistent” and stressed that the squad must win every remaining match to retain any chance of clinching the title. He highlighted the demanding run of fixtures ahead, beginning with the Chelsea trip and followed by a home clash with Arsenal on 19 April. “We need to win all of them; otherwise we won’t have a chance to fight until the end,” Guardiola said, acknowledging points dropped earlier in the campaign. Bernardo Silva’s future remains uncertain Midfielder Bernardo Silva, a six‑time Premier League champion with City, is in the final year of his contract. Guardiola expressed a personal desire to keep the Portuguese international at the club but admitted he does not know the player’s decision. “I’m a bit grumpy because I wasn’t informed of his plans,” the manager said, praising Silva’s competitiveness and importance in big‑match moments. Enzo Fernández excluded despite apology Chelsea boss Liam Rosenior confirmed that midfielder Enzo Fernández will remain on the bench for the Sunday fixture, even after the Argentine apologised for comments that questioned his future at Stamford Bridge. Rosenior emphasized the club’s collective values, stating, “Football is a team sport, not about individuals,” and hinted that Fernández could feature again after this match. Chelsea’s Champions League ambition Rosenior reiterated confidence in his squad’s ability to secure a top‑five finish, noting that despite a recent dip in form, the team has consistently created problems for opponents. Historical head‑to‑head The two clubs have met 181 times in competitive fixtures: Chelsea have won 71, City 68, with 42 draws. Notably, Chelsea have not beaten City since the 2021 Champions League final. Recent encounters (last 10): 04 Jan 2026 – Man City 1‑1 Chelsea (Premier League) 25 Jan 2025 – Man City 3‑1 Chelsea (Premier League) 18 Aug 2024 – Chelsea 0‑2 Man City (Premier League) 20 Apr 2024 – Man City 1‑0 Chelsea (FA Cup semi‑final) 17 Feb 2024 – Man City 1‑1 Chelsea (Premier League) 12 Nov 2023 – Chelsea 4‑4 Man City (Premier League) 21 May 2023 – Man City 1‑0 Chelsea (Premier League) 08 Jan 2023 – Man City 4‑0 Chelsea (FA Cup third round) 05 Jan 2023 – Chelsea 0‑1 Man City (Premier League) 09 Nov 2022 – Man City 2‑0 Chelsea (League Cup third round) Team news – Chelsea Rosenior confirmed centre‑back Levi Colwill has returned to training after a serious knee injury, though he remains a selection risk. Right‑back Reece James is training after a hamstring issue. Defender Trevoh Chalobah and winger Jamie Gittens are still sidelined. Predicted starting XI: Sanchez; Gusto, Fofana, Adarabioyo, Cucurella; Santos, Caicedo; Neto, Palmer, Estevao; Pedro. Team news – Manchester City Defender Rúben Dias continues to recover from a muscle problem and is unavailable. Josko Gvardiol remains out with a tibial fracture sustained in January. Predicted starting XI: Donnarumma; Nunes, Khusanov, Guehi, O’Reilly; Silva, Rodri; Semenyo, Cherki, Doku; Haaland. The outcome of this clash could dramatically reshape the Premier League title race and determine whether Chelsea can keep their Champions League aspirations alive.
#Manchester City #Chelsea #Arsenal
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Politics Apr 11, 2026

US and Iran Set for Talks as Trump Vows to Reopen Strait of Hormuz

US President Donald Trump has stated that the Strait of Hormuz will reopen 'fairly soon' with or wi…
US President Donald Trump has announced that the Strait of Hormuz will reopen 'fairly soon' with or without Iran's assistance, as the US and Iran prepare for peace talks in Pakistan. The strait, a critical maritime chokepoint, has been effectively blocked by Iran, disrupting approximately one-fifth of global oil and natural gas flows.Speaking to reporters, Trump said the US would 'open up the Gulf' and that other countries were ready to 'help out'. He emphasized that ensuring Iran does not possess nuclear weapons is the priority in any agreement, and the strait would open 'automatically' if a deal is reached.Despite a two-week ceasefire between the US and Iran, shipping in the strait remains at an effective standstill. Only two vessels passed through the strait on Friday, down from five the previous day. More than 600 vessels, including 325 tankers, are still stranded in the Gulf due to the blockage.US Vice President JD Vance and Iranian parliamentary speaker Mohammad Bagher Ghalibaf are set to lead negotiations in Islamabad aimed at securing a permanent end to the war. The US and Iran have offered conflicting messages on the agreed-upon terms for the negotiations, including the contents of a 10-point plan put forward by Tehran.
#Donald Trump #Iran #Strait of Hormuz
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Sports Apr 11, 2026

Rory McIlroy Dominates Masters with Record-Breaking Lead

Rory McIlroy surges into a six-shot lead at the Masters with a stunning second-round performance, c…
Rory McIlroy has taken a commanding lead at the Masters, surging six shots clear of his nearest rivals with a breathtaking second-round 65. The 36-year-old McIlroy, seeking to become the fourth man to win back-to-back Masters titles, carded an eagle and 10 birdies to post 12 under par. McIlroy's closest challengers are Patrick Reed and Sam Burns, both on six under, while Justin Rose, Shane Lowry and Tommy Fleetwood are a further stroke back on five under. McIlroy's stunning chip-in at the 18th hole capped a dominant display, setting up a tantalizing prospect of a second Green Jacket. Tyrrell Hatton moved to four under with a 66, while Brooks Koepka recovered from pre-tournament criticism to card a 68 and make the cut. The halfway cut eliminated several notable players, including Bryson DeChambeau after a chaotic 18th hole.
#Rory McIlroy #Masters Tournament #Augusta National Golf Club
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