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It's been 12 months since Donald Trump's 'liberation day' on April 2, 2025, when the US president introduced tariffs on nearly every country the US did business with. The move sent shockwaves through the global economy, causing chaos in Washington and beyond. Experts say that if Trump had spent the last 14 months on the golf course instead of in the White House, the US economy would be in a better place. The wholesale slashing of government jobs and defunding of US aid agencies had already signaled that Trump was in a hurry to upset institutions he considered profligate or useless. Investors quickly understood that chaos was an essential tool in Trump's armoury. Almost as soon as he was inaugurated, there was a steady decline in the value of the dollar against other currencies. Investors sold assets denominated in dollars and bought assets elsewhere: Europe, Asia, South America. Dario Perkins, the head of global research at the consultancy TS Lombard, said: 'If you think that discouraging investors from buying assets in the US is a victory, then you don’t believe in a growing economy.' He added that Trump's policies had led to a decline in US manufacturing jobs and a growing trade deficit. The data supports Perkins' claims. US companies stopped hiring almost as soon as liberation day was announced. Significant revisions in February to data covering 2025 pushed payroll employment down by 403,000 jobs, resulting in the addition of just 181,000 jobs last year. This small boost is set against the 163 million people who are employed in the US. Russ Mould, the investment director of the British stockbroker AJ Bell, said: 'America is still home to the world’s largest economy and its reserve currency, as well as the globe’s largest equity and bond markets, but investors continue to reassess their exposure one year on from liberation day.' The next few months of steadily increasing confidence levels followed probably the calmest period in the second Trump presidency. But sentiment began to fall again in the autumn as the White House battled with Congress over the federal budget deficit and much of the public sector was shut down. A poll by the University of Michigan showed consumer confidence at a near record low at the end of 2025. A six-month moving average produced by the Conference Board showed every generation, from baby boomers to gen Xers, had lost confidence in the economy over the past year. Trump’s liberation day executive order stated: 'The decline of US manufacturing capacity threatens the US economy in other ways, including through the loss of manufacturing jobs.' However, the US manufacturing sector shed 100,000 jobs between January 2025 and March 2026. The ratio of manufacturing workers to total nonfarm employment fell to the lowest point since 1939. Bryan Riley, the director of the National Taxpayers Union Foundation’s free trade initiative, said: 'One year after liberation day, the evidence is in. Tariffs failed even by the Trump administration’s own terms. They did not shrink the trade deficit, did not revitalise manufacturing and did not help farmers. It would be a mistake to replace one set of failed tariffs with another.' Some major US companies have redirected their investments to Europe, but China has proved to be one of the main beneficiaries. In the year to February 2026, China’s industrial profits increased by 15.2%. It's a boom that Beijing will struggle to repeat should Chinese companies face fuel and energy shortages and price hikes. But the decline of two major powers can only be to China’s gain.

US President Donald Trump has claimed responsibility for the destruction of Iran's largest bridge, a 136-meter-high suspension bridge connecting Tehran and Karaj. The bridge, valued at $400 million, was struck twice, resulting in eight fatalities and 95 injuries, according to Iranian state media.Trump shared footage of the bridge's collapse on his Truth Social website, boasting that it would 'never be used again.' He also issued a stark warning, stating that there would be 'much more to follow' if a settlement is not reached with Iran.The attack on the bridge is part of a series of confirmed strikes in Iran this week. A day earlier, Trump had threatened to destroy Iran's power plants, potentially leaving millions without electricity. 'We are going to hit each and every one of their electric generating plants very hard and probably simultaneously,' he said during a primetime speech.The conflict between the US and Iran has resulted in significant damage and human suffering. Iran has suffered over 15,000 bombing raids since the start of the war, with at least 1,900 people killed and 20,000 injured, according to the International Red Cross and Red Crescent Societies. Oil prices have surged by 7% to $108 per barrel amid concerns of a wider conflict.UN Secretary General António Guterres has warned that the world is 'on the edge of a wider war' with catastrophic global implications, calling for an immediate end to the fighting.

President Donald Trump took to his Truth Social account on Tuesday to lambaste several European governments for declining to support the United States’ military campaign against Iran. He told nations struggling with fuel shortages to “go get your own oil” by force, a statement that immediately pushed global oil markets higher. European leaders pushed back. France barred Israeli aircraft carrying weapons from traversing French airspace, while Italy reportedly denied a last‑minute request for U.S. bombers to land in Sicily. Spain’s defence minister announced that Madrid would no longer tolerate “lectures” from any foreign power after refusing U.S. use of its bases and airspace. The United Kingdom, despite allowing U.S. forces to operate from its bases, faced a public rebuke from Trump, who singled out the UK for its inability to secure jet fuel through the Strait of Hormuz. U.S. Secretary of Defense Pete Hegseth echoed the president’s hard‑line stance, suggesting that allied navies should be ready to intervene in the strategic waterway. Analysts warn that any attempt to seize the Strait of Hormuz by force would be highly risky and likely unrealistic. Nonetheless, the rhetoric has already contributed to a surge in fuel costs: U.S. gasoline prices have crossed the $4‑per‑gallon threshold for the first time in four years, and Brent crude slipped below $104 a barrel after Iranian President Masoud Pezeshkian hinted at a possible de‑escalation. The conflict, now in its fourth week, has claimed more than 3,000 lives and triggered a worldwide economic shock. Irish Taoiseach Micheál Martin described the oil‑supply disruption as “probably the worst ever,” reflecting growing anxiety over inflation, stagnant growth, and a cost‑of‑living crisis that many nations are already grappling with. In a parallel diplomatic development, Pakistan and China unveiled a joint five‑part proposal aimed at ending hostilities and reopening the Strait of Hormuz, though it remains unclear how this aligns with recent U.S. diplomatic overtures through Islamabad. Meanwhile, the war’s regional dimensions have intensified. Israel announced plans to permanently occupy a swath of southern Lebanon up to the Litani River, a move that would cement its military presence well beyond the current confrontation with Hezbollah. Even the Vatican entered the fray. Pope Francis expressed hope that the fighting would cease by the upcoming Easter weekend, urging world leaders to find “ways to reduce the amount of violence.” His comments were widely interpreted as a subtle rebuke of the Trump administration’s aggressive posture. Overall, Trump’s incendiary remarks have highlighted a widening fissure between Washington and its traditional European partners, while the escalating oil price volatility underscores the broader economic ramifications of the Iran conflict.

The tragic case of Oliver Robinson, a 34-year-old who took his own life in November 2023, has sparked a campaign for stricter controls on private cannabis clinics in the UK. An inquest concluded that Robinson's prescription for medicinal cannabis, issued by Curaleaf Clinic, probably contributed to his death and acted as an obstacle to him receiving proper psychiatric and addiction care. Robinson had been struggling with depression and addiction, and had been treated at the Priory, a private mental health facility. He was initially prescribed medicinal cannabis in May 2022, which initially provided relief but ultimately worsened his condition. The coroner's report highlighted several failings in his care, including the use of an out-of-date GP summary care record and incomplete information in prescribing decisions. Alexander Robinson, Oliver's brother, is now advocating for tighter regulation of private cannabis clinics, including a ban on prescribing to patients with serious mental illness and greater oversight of the rapidly expanding industry. He believes that the current safeguards are not strong enough to protect vulnerable psychiatric patients. The UK government reported about 5,000 NHS prescriptions for licensed cannabis-based medicinal products in 2023, while freedom of information data showed that 659,293 unlicensed cannabis products were privately prescribed in 2024, more than double the number issued in 2023. Critics argue that there is limited evidence that cannabis is an effective treatment for depression and other common mental health conditions. Dr. Pavan Chahl, an expert psychiatrist, told Oliver's inquest that medicinal cannabis should not have been prescribed to someone with a history of severe psychiatric disorder, citing a lack of evidence for efficacy in depression and the risk of worsening symptoms. In response to the campaign, Curaleaf Clinic stated that it would engage constructively with any review or consultation aimed at strengthening patient safety across the sector.

Roy Hodgson, the veteran English football manager, has made a remarkable return to the sport at the age of 78. He has taken on an interim managerial role at Bristol City for the final seven games of the Championship season. Hodgson, who managed Crystal Palace until February 2024, was tempted out of retirement by Richard Scudamore, the former Premier League chief executive.Hodgson insists that he does not require a 'crutch' to manage the team, despite his advanced age. He believes that his general health is good, and he is probably fitter now than when he left Palace. Hodgson mentioned that he has been doing a lot of work at home, including using a gym and walking, which has helped him lose 5-6kg.The 78-year-old manager acknowledged that he must be cautious about the strains of the job, referencing the recent collapse of 80-year-old Romania head coach Mircea Lucescu. Hodgson joked that he has no intention of 'dying on the bench' like Jock Stein and will take necessary precautions to ensure his well-being.Hodgson's return to Bristol City comes 44 years after he was sacked by the club in 1982. He described his time at the club as a 'fond memory,' despite the financial difficulties they faced back then. Hodgson's second spell at Bristol City begins with a match against Charlton on Good Friday.The veteran manager's decision to return to football was influenced by conversations with his former assistant Ray Lewington. Hodgson emphasized that he aims to enjoy this period and will assess whether he has made the right decision after facing challenges ahead.

A massive 40,000lbs of extra-firm tofu was spilled in an accident near Jerome, Missouri, leaving the town with an 'unforgettable' odor. The incident occurred on March 1, when a tractor-trailer crashed off a local highway and into a ravine.The cleanup efforts, humorously referred to as the 'Great Battle of the Jerome Tofu Monster', began immediately. However, the entire cargo was left to ripen and rot for three weeks due to a dispute over insurance. This allowed the tofu to spread into a local creek, exacerbating the smell.Local officials described the odor as 'like a dead animal, but worse'. Fire chief Brandon Williams noted it was 'probably one of the worst smells I've smelled in my life'. The Doolittle rural fire protection district stated that while the main threat has been contained, cleanup and remediation efforts are still ongoing downstream.In a bizarre coincidence, this incident follows another 40,000-lb food-related traffic disaster in the region last year, where a truck carrying ribeye steaks burst into flames. The 'Jerome Tofu Monster' has left a lasting impact on the community, with authorities cautiously referring to a 'tofu-affected area' due to runoff and debris.

The war in Iran has sent shockwaves through the UK economy, causing gilt yields to surge to their highest levels since the 2008 global financial crisis. This increase in borrowing costs has significant implications for Chancellor Rachel Reeves' fiscal policy, potentially eroding the £23bn in 'headroom' she had built up against her fiscal rules.Reeves had hoped that this cushion would allow her to focus on tackling inflation and stimulating growth, but with oil prices up 50% since the onset of the war, investors are now expecting higher inflation and interest rates. As a result, the government's cost of borrowing is set to rise, impacting its ability to fund public spending.The yield on 10-year gilts has jumped to nearly 5%, pushing up the cost of borrowing and forcing Reeves to reconsider her spending plans. This development has also raised concerns about the UK's economic fragility and the potential for a Labour leadership contest to be triggered after the May local elections.Economists warn that the chancellor has probably already lost a third to half of her headroom due to the combination of higher inflation, weaker employment, and surging gilt yields. The situation is further complicated by the UK's high debt levels and reliance on global markets, leaving little room for maneuver for any future government.The implications of this crisis extend beyond Reeves, raising questions about the economic pitch of any potential steward of the economy, whether from Labour or other parties. As Angela Rayner considers John Healey as a potential chancellor, the need for a carefully plotted economic policy that balances growth and fiscal responsibility has become increasingly urgent.

US markets witnessed a significant downturn on Thursday, marking their biggest slump since the onset of the US-Israel war with Iran. The Dow closed 450 points down, while the S&P 500 dipped 1.7%. The tech-heavy Nasdaq fell 2.3%, plunging into correction territory, which occurs when an index falls at least 10% below its most recent peak. The conflict has led to a surge in oil prices, reaching levels not seen since Russia's invasion of Ukraine in 2022. At the end of the day on Thursday, Brent crude oil, the global benchmark, was about $107 a barrel, while US crude hit $93 a barrel. Average US gas prices at the pump reached $3.98 a gallon, according to AAA. Despite the soaring prices, Donald Trump said that oil prices “have not gone up as much as I thought” during a cabinet meeting on Thursday. He predicted that prices would “come back down to where it was, and probably lower,” and that the impact on the stock market would reverse once the conflict ends. Markets have been growing weary of Trump's mixed signals on the US's stance in negotiations with Iran. Stocks dipped on Thursday morning after Trump posted a warning to Iranian negotiators that they “better get serious, before it’s too late.” However, later in the morning, Trump said that there were “very substantial talks” happening with Iran and that the country allowed 10 oil tankers to pass the blocked strait of Hormuz. The White House announced it will extend a pause on Iranian energy infrastructure strikes by 10 days, until 6 April. A new report estimates US inflation will average 4.2% this year, compared with an average of about 2.6% in 2025, according to the Organization for Economic and Cooperation and Development (OECD). The increase in inflation reverses what was expected to be strong growth for the global economy before the conflict began.

The connection between boxing and cinema dates back to the early days of film, with the first sports film being a 1894 short of a six-round match between Mike Leonard and Jack Cushing. Since then, boxing has been a staple of the big screen, captivating audiences with its high-stakes emotion, physical intensity, and personal turbulence.The British Film Institute's new season, The Cinematic Life of Boxing, curated by Clive Chijioke Nwonka, an amateur boxer since his childhood in London, explores this symbiotic relationship. Nwonka believes that an uncompromising hunt for realism is central to the relationship between the sport and artform, with films that interact with human experience, poverty, struggle, triumph, and boxing as a way of life.Boxing films often capture a political zeitgeist, as seen in the 1974 'Rumble in the Jungle' heavyweight championship match between Muhammad Ali and George Foreman, which was not just a fight but a referendum on ideology during the civil rights era. This fight was documented in the 1996 film When We Were Kings, described by Nwonka as 'probably the greatest sports documentary of all time'.The Rocky franchise, which has spanned six films and a spin-off series, Creed, under the direction of Ryan Coogler, is a barometer for all the films captured in its wake. The first film remains the hallmark of sporting cinema, successfully capturing the habitual experience of the sport outside its more glamorous moments.Despite the genre's popularity, boxing films are not immune to clichés, with many relying on stock characters and familiar arcs. However, the best film-makers are able to return to the core of these films: the stakes of signing up for a fight, and the physical, psychological, and real monetary costs of endurance.