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The notion of governments controlling prices has long been considered taboo in modern economics. However, with the resurgence of inflation and its far-reaching consequences, this stance is beginning to shift. Politicians are now exploring the possibility of intervening in the market to regulate prices, a move that would have been deemed unthinkable just a few decades ago.The Austrian economist Friedrich Hayek had argued that governments lacked the necessary information to make informed decisions about prices, leading to inefficiencies in state-run economies. Nevertheless, as market economies have struggled to provide affordable essentials like energy and housing, interest in state-regulated prices has begun to grow.Examples from Mexico and Spain demonstrate the effectiveness of government intervention in controlling prices. In Mexico, the left-wing president Andrés Manuel López Obrador and his successor Claudia Sheinbaum have capped the prices of essential goods, while in Spain, the centre-left government of Pedro Sánchez has implemented a national rent freeze and energy price cap.In the UK, Zack Polanski of the Green party has advocated for a wider price reset, while Andy Burnham, a possible Labour leadership candidate, has also called for more state involvement in the economy to reduce prices. Burnham's experiences as mayor of Greater Manchester, where he has brought buses back under public control, have informed his arguments.The pressure for the UK to adopt similar measures is mounting, with a majority of British voters supporting nationalizations to get prices under control. As inflation continues to rise, it remains to be seen whether the UK government will follow the example of countries like Spain and Mexico.

Ali Ahmed experienced goose bumps watching Canada walk out at the last World Cup, a surreal moment for the winger who had never witnessed his nation compete on football's biggest stage. This time around, he'll not only be at home but at the heart of the action in two cities that hold special significance for him.Jesse Marsch's Canadian side faces Qatar and Switzerland in Vancouver after an opener against a potential European playoff winner in Toronto. An encounter with Italy in Ahmed's hometown would carry particular weight, given the city's substantial Italian population and his parents' Ethiopian heritage with their love for Italian football. Football has been ingrained in his family since childhood, a passion that has guided his remarkable journey.On the outskirts of Toronto, a teenage Ahmed used to sneak onto Toronto FC's training pitches before dawn for kickabouts with friends. His persistence and determination eventually led him to professional football, though not through the conventional path. At 17, he turned down a Toronto FC academy spot to pursue opportunities in Portugal, Spain, and the Netherlands, facing numerous challenges along the way.Now at Norwich City since January, the 25-year-old has established himself as a key player on the left wing, contributing significantly to the team's improved form in the Championship. Ahmed started all seven Norwich matches during Ramadan, waking before 4am for Suhoor, the pre-dawn meal. His experience fasting during a crucial period of the English season has been a learning curve, though he's noted the exceptional support he's received in England.Ahmed candidly discusses his upbringing in Toronto's Lawrence Heights neighborhood, an area experiencing significant gun violence. Despite the challenges, he describes a close-knit community where people supported each other. Football provided an escape route, leading him to opportunities he never anticipated.His career has seen remarkable highs, including playing against Lionel Messi's Argentina at the Copa América and scoring in the MLS Cup final defeat to Inter Miami. After being knocked unconscious during a Canadian Championship match in 2023, Ahmed's determination only grew.As Canada prepares to host the World Cup, Ahmed sets ambitious goals: "I want to win our group. And then from there, into the knockout rounds. It's important to have that belief that we can play with anybody. Why not?" With home advantage in two cities that mean the world to him, Ahmed sees the perfect setup for both himself and the Canadian team.

The UK government is facing mounting pressure to appoint a Conservative former cabinet minister as the next chair of Ofcom, the media regulator. Jeremy Wright, a former culture secretary and sitting Conservative MP, is competing against Margaret Hodge, a Labour peer and former MP, for the role.The appointment has become crucial amid concerns over the rapid growth of online content and the rise of politically partisan broadcasting. The Online Safety Act, which aims to tackle harmful online content, has created legal pitfalls for Ofcom, leading to claims of paralysis at the regulator.Wright, who was involved in drafting laws to tackle harmful online content, is seen as a strong candidate due to his legal background as a king's counsel and his knowledge of the Online Safety Act. He is believed to be willing to take risks in confronting big digital platforms.On the other hand, Hodge has been seen as the favourite to be appointed by the Labour administration. As chair of the public accounts committee, she built a reputation for attacking big tech over its tax bill and has previously suggested banning online anonymity and making social media directors personally liable for defamatory posts.The delay in appointing a new chair is causing concern, with some warning that it could leave Britain at risk. The new chair must address fundamental flaws in Ofcom's implementation of the Online Safety Act and restore the frayed support and confidence of civil society.A government source said a decision would be made very soon. An Ofcom spokesperson said the regulator looks forward to working with whoever the government appoints as its next chair to make life safer online.

Oil prices have climbed higher amid fading hopes of deescalation in the Iran war following Tehran’s denial that talks with the United States are under way.Futures for Brent crude, the international benchmark, rose nearly 2 percent on Thursday to top $104 per barrel after Tehran dismissed reports of direct negotiations with US President Donald Trump’s administration.The rise comes after oil prices eased on Wednesday following reports that Trump had shared a 15-point plan for ending the war with Iran.Iranian Foreign Minister Abbas Araghchi said in an interview with state media aired on Wednesday that Tehran was not engaged in direct talks with Washington and has “no intention of negotiating for now”.White House Press Secretary Karoline Leavitt warned on Wednesday that Iran would be “hit harder” than ever before if Tehran did not accept military defeat.Iran’s effective closure of the Strait of Hormuz, a conduit for one-fifth of global oil supplies, and its attacks on energy facilities across the Middle East have prompted a surge in energy prices worldwide.Oil prices are up more than 40 percent compared with before the US and Israel launched strikes on Iran on February 28, prompting numerous countries to implement fuel rationing and other energy conservation measures.Market-watchers say prices are likely to rise further until shipping is free to traverse the strait, despite efforts by countries to bolster supply by tapping emergency stockpiles in coordination with the International Energy Agency.While Tehran has repeatedly claimed that the strait is open to ships that are not aligned with its enemies, daily transits have all but collapsed since the start of the conflict.Four vessels were tracked transiting the waterway via their automatic identification systems on Tuesday, down from an average of 120 daily transits before the conflict, according to maritime intelligence firm Windward.

The film The Blue Trail (O Último Azul in Portuguese) has struck a chord with older women in Brazil, who see themselves in the protagonist Tereza, a tenacious woman who refuses to be defined by her age.The movie's themes of ageism and ageing resonate strongly in Brazil, where older women are increasingly prop up the community. The film offers a dark solution to the issue, depicting a dystopian future where senior citizens are banished to a remote housing colony.The film's director and screenwriter, Gabriel Mascaro, was inspired by his grandmother, who took up painting in her 80s after losing her husband. The film has been praised for its portrayal of older women as vibrant and full of life.Gilda Olinto, an 80-year-old woman who was given a prize at work recently, felt as if she was being told “nothing more is expected of you”. She relates to Tereza's story and sees her as a woman who “resists and is hungry for life”.The film's star, Denise Weinberg, puts her casting down to the fact that she is one of the few Brazilian actors her age who hasn’t had any cosmetic procedures. She joked with the director: ‘did you choose me because I have wrinkles?’Brazil is undergoing a rapid demographic shift, with the number of over-60s more than doubling between 2000 and 2023. This demographic is expected to account for a third of the population by 2050, prompting questions as to whether the country is prepared for this new reality.

Walking into Scisters Salon & Apothecary in southern California reveals what's immediately absent: no wall of plastic bottles, no chemical tang, and minimal waste. The salon's shelves feature large refill containers of shampoo and conditioner, houseplants adorn the space, and hair clippings are composted. The only trash can is a small basket mostly collecting clients' personal items, creating an environment that co-owner Melissa Parker notes clients immediately comment on: 'It smells good in here.' That never happens in a conventional salon.Opened 15 years ago by Parker and Easton Bajsec in La Mesa near San Diego, Scisters has evolved into one of the region's most prominent low-waste salons, diverting up to 99% of its refuse from landfills. Their business transformation addresses a significant industry problem: the beauty sector generates substantial waste, with North American salons sending an estimated 63,000lbs of hair to landfills daily, plus hundreds of tons of used foil and leftover hair dyes.The turning point came when Bajsec watched a documentary about the zero-waste movement while Parker developed health problems linked to prolonged exposure to salon chemicals. Studies have found that hairdressers' exposure to harmful chemicals such as formaldehyde, ammonia and sulfates puts them at higher risk of asthma, skin conditions, reproductive illnesses and cancer. Rather than leave the industry, they transformed their business.They eliminated perms due to formaldehyde exposure and moved away from big-name products despite green marketing claims. When existing alternatives didn't meet their standards for performance, ingredient transparency and waste reduction, they created their own line. Element, launched in 2019, is made in a California lab and sold in refillable glass and aluminum containers, featuring recognizable ingredients like organic aloe, wheat protein and castor oil.The salon's waste reduction strategies extend beyond product packaging. They implemented hair composting, foil recycling, and replaced waxing with sugaring—a compostable hair-removal technique. They switched to LED lighting, installed water-efficient showerheads, and use washable cloths instead of paper towels. Though they still offer hair bleaching (which releases ammonia), they mitigate risks with industrial air filtration and air-purifying plants.Bajsec acknowledges that 100% zero waste is impossible due to regulatory constraints on reusable gloves and plastic pump tops. The salon ships its minimal plastic waste to Green Circle Salons for specialized processing, paying $200 per box. Despite this cost, Parker notes the overall approach has been financially beneficial: 'Overall, it's actually less expensive. We're not outsourcing to other beauty brands. We're mindful about systems.'Their commitment to sustainability proved critical during the COVID-19 pandemic. When mandatory closures threatened their survival, they pivoted to refill sales, meeting clients in the parking lot. This refill model kept revenue flowing, allowing them to pay full rent while many neighboring tenants struggled. 'Going green has been the greatest thing we've done for our business financially,' Parker says. 'We accidentally created a point of differentiation.'Denise Baden, a professor of sustainable business at the University of Southampton, confirms that eco-friendly practices often reduce costs. 'It's a misunderstanding that to be eco-friendly, you have to spend more money. In fact, usually, it's the reverse,' she notes, adding that hairdressers are uniquely positioned to influence their communities.Now, Parker and Bajsec are helping other salons adopt similar practices through speaking engagements and an online guide. 'We get calls from other salons all the time,' Bajsec says. 'It's not sustainable if we're the only ones doing it.'

The US-Israel war on Iran has effectively closed the Strait of Hormuz, a critical shipping route for materials used in the production of various everyday products. As the conflict enters its fifth week, global oil shortages are forcing countries to take severe measures to conserve their reserves. While US gas prices have surged to their highest level in years, the impact of rising oil prices extends far beyond drivers. Oil is a crucial component in the supply chain, powering machines that manufacture goods and fueling trucks that transport them to stores. The price increases come at a time when many Americans are already strained by rising housing costs, grocery bills, and electricity statements. A recent Gallup poll found that a third of Americans have had to skip meals and forego other needs to afford their healthcare. Oil and Gas The average cost of gas in the US has jumped about 30% over the last month, with the national average hitting $3.97, the highest since 2023. Diesel, which fuels many trucks transporting goods, has increased by about 50%, or $1.69 more than it did a year ago. Higher diesel costs could soon affect transportation costs and grocery prices, as roughly 85% of agricultural goods are transported by trucks. The impact of oil and gas shortages on the supply chain can be categorized as first-order effects, such as higher prices at the gas pump, and second-order effects, including potential price increases for crops, semiconductor chips, and medical devices. Fertilizer Farmers are struggling as the spring growing season approaches, facing higher fertilizer costs and falling commodity prices. A third of global urea trade, a solid nitrogen fertilizer, passes through the Middle East region, with about 20% of imported fertilizer to the US coming from Qatar. Nitrogen fertilizer is critical to grow corn, which is cultivated by about 500,000 farmers in the US. The White House has promised to minimize disruptions to the US economy, with alternative sources of fertilizer being sought from around the world. Helium The conflict has disrupted the global helium supply after Iranian attacks in Qatar, the second-largest producer of helium after the United States. Helium is a key import used in aerospace, magnetic resonance imaging (MRI), and semiconductor chips that power AI. Jet Fuel Increases in oil prices could result in higher airfare and shipping costs. The price of jet fuel has doubled since the start of the war, according to the International Air Transport Association. United Airlines announced last Friday that it would have to cut flights due to the surging cost of fuel. < h2>Mortgage Rates Just as US mortgages were starting to fall in February, the average 30-year fixed mortgage rate ticked up to its highest level in months, reaching 6.22%. Mortgage rates are closely tied to the overall state of the economy, and the US Federal Reserve's decision to leave rates unchanged last week cited uncertainty in the economy, particularly with conflict in the Middle East.

National Savings and Investments (NS&I;) is preparing to make a significant payout to customers who have been affected by a savings scandal. The bank is expected to repay hundreds of millions of pounds to approximately 37,000 people whose money was misplaced due to historical failings.The government-backed savings institution is in discussions with the Treasury to compensate these customers, with the exact amount yet to be determined. This payout would not be considered compensation but rather a reimbursement for money that customers did not receive.The scandal involves reports of bereaved families not receiving money that was rightfully theirs, as well as complaints that NS&I; failed to pay out premium bond prizes to the families of deceased savers. The bank has apologized for the poor customer service, particularly during sensitive times.The pensions minister, Torsten Bell, is expected to address the issue in a statement to the House of Commons. NS&I; holds over £100bn for around 26 million customers and is one of the largest savings organizations in the UK. The bank recently faced criticism over the spiralling cost of its modernisation programme, which has risen from £1.3bn to £3bn.A spokesperson for NS&I; said: “We recognise that dealing with bereavement can be challenging and would like to apologise to anyone who has not received the customer service from NS&I; that they should expect, particularly at such a sensitive time.”

The Gran Chaco forest in Argentina, spanning across parts of Argentina, Bolivia, Paraguay, and Brazil, is facing a critical threat from deforestation. Small farmers, enticed by the promise of quick money from selling timber, often contribute to this environmental degradation. However, a collaborative effort between conservationists, NGOs, and international organizations is underway to support small-scale landowners and Indigenous communities in establishing alternative income sources. This initiative aims to enable them to resist the pressures of agribusiness and the timber market. Jorge Luna, a 55-year-old farmer, has taken a significant step towards preserving his 40-hectare land in Chaco province. He rejected an offer to cut down the trees and instead embarked on a second career as a forest tourist guide with Fundación Rewilding Argentina, a non-profit organization working to restore parts of the Gran Chaco forest. Luna now rents out a small campsite to visitors and takes tourists on kayak tours along the Bermejito River. "At first, you didn’t give the plants value. It was a lack of knowledge of what they meant. Now, every leaf that sprouts has an added value," he says. Created in 2010 by Tompkins Conservation, Rewilding aims to protect vast tracts of territory and create economic opportunities for local communities while preserving the biosphere. The organization worked with 15 other organizations to convince the government of Chaco province to turn 128,000 hectares into the El Impenetrable national park, officially designated in 2014. Since then, Rewilding has established a network to support a budding tourism industry. It offers riverside glamping stays while promoting local and ancestral knowledge as possible sources of income. Women have returned to weaving and artisanal production, as well as providing home-cooked meals for visitors. According to Greenpeace, Argentina lost nearly 7 million hectares of native forest between 1998 and 2024, with most of it in the Gran Chaco. An estimated almost 120,000 hectares of forest were lost in northern Argentina in 2024, a 10% increase from the previous year. The primary causes of forest loss are the expansion of agriculture, mainly for intensive cattle ranching and genetically modified soya, and forest fires. The Gran Chaco forest also feeds the timber industry, particularly with the quebracho tree, which produces a tannin used in leather products, and carob trees. Environmental lawyers warn that the Gran Chaco could disappear within two decades if deforestation continues at its current pace. "The Chaco does not receive the same attention as the Amazon – few people even know it exists," says Enrique Viale, an Argentine environmental lawyer and activist. For conservation efforts to succeed, projects must be co-designed with the community, ensuring their long-term objectives are considered. Community empowerment, equal distribution of benefits, and capacity building are crucial factors. Mabel Figueroa, a local weaver, has resumed her craft since the national park opened, selling scarves, blankets, and ponchos to tourists. She raises sheep and dyes their wool with tree bark and forest plants, reviving an ancestral tradition.