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World Economy Apr 10, 2026

IMF Flags Inflation Surge as US‑Israel Conflict Over Iran Threatens Global Growth

The International Monetary Fund warned that the ongoing US‑Israel war against Iran could spark a wo…
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.
#imf #economy #war
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World Economy Apr 10, 2026

US Trump-era cuts trigger record 23% plunge in OECD development aid for 2025

Preliminary OECD data shows a historic 23% drop in global development assistance for 2025, driven l…
OECD preliminary figures reveal a 23% decline in international development assistance between 2024 and 2025, the steepest annual fall recorded since the organization began tracking aid.The United States was the primary catalyst, with its official development assistance slashing nearly 57% in 2025, a reduction that accounts for roughly three‑quarters of the overall drop.Total aid from the 34 DAC members fell from $214.6 billion to $174.3 billion. American contributions shrank from about $63 billion in 2024 to just under $29 billion the following year, according to the OECD.Other major donors—including Germany, the United Kingdom, Japan and France—also trimmed their budgets, and only eight DAC countries managed to meet or exceed their 2024 levels.The cuts arrive at a time of heightened global economic and food‑security uncertainty, exacerbated by the ongoing US‑Israeli conflict with Iran.OECD official Carsten Staur described the plunge as “deeply concerning,” urging donors to reverse the trend as humanitarian needs surge. Oxfam’s Development Finance Lead Didier Jacobs warned that wealthy governments are “turning their backs on millions of lives in the Global South” by cutting life‑saving aid while funding conflict.Academic research links the U.S. reductions to a rise in armed conflict across Africa, with the Center for Global Development estimating that the cuts could have caused between 500,000 and 1,000,000 excess deaths in 2025. A Lancet analysis warns that continuing the downward trajectory may result in **over 9.4 million additional deaths by 2030**.Under President Trump, the United States has dismantled the U.S. Agency for International Development (USAID) and pursued a handful of bilateral agreements with African nations that tie aid to mineral access and health data. Simultaneously, the administration is seeking a historic $1.5 trillion military budget for FY2027** and between **$80 billion and $200 billion** for the Iran‑Israel war effort.Analysts and NGOs are calling on DAC members to restore aid levels and reinforce the global humanitarian system, which they say faces its most serious crisis in decades.
#oecd #usaid #germany
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Economy Apr 09, 2026

Global Energy Crisis Deepens: Turkey's Energy Minister Warns of 'Mother of All Crises'

Turkey's Energy Minister Alparslan Bayraktar warns that the current global energy crisis is 'the mo…
The global energy crisis has been labeled 'the mother of all crises' by Turkish Energy Minister Alparslan Bayraktar, as tensions in the Strait of Hormuz continue to escalate. The crisis, sparked by Iran's retaliatory blocking of the strait, has significant implications for global energy supplies and security.Bayraktar, in an exclusive interview with Al Jazeera Arabic, highlighted the importance of diversifying energy routes to mitigate the impact of such crises. He noted that Turkey, with its strategic location between Asia and Europe, has become a pivotal country in the region, hosting key pipelines such as the 'Blue Stream' and 'TurkStream'.The minister emphasized that Turkey is well-suited to weather the crisis, with sufficient strategic energy reserves, including gas storage facilities that are 72 percent full, compared to Europe's 28 percent. However, he warned that rising oil and gas prices still burden the state budget, with an increase of $1 per barrel costing Ankara approximately $400 million.Bayraktar also discussed the potential for a new energy architecture to emerge, driven by the need for diversification. He proposed several projects, including the transportation of Turkmen gas across the Caspian Sea to Turkey and Europe, extending the Iraq-Turkey oil pipeline to reach Basra, and constructing a natural gas pipeline from Qatar to Turkey.The crisis has significant economic implications, with oil prices potentially rising to $200 per barrel in a worst-case scenario, which could lead to another global recession. Bayraktar stressed the importance of a lasting peace in the region to stabilize energy markets and prevent further economic damage.
#Alparslan Bayraktar #Turkey #Strait of Hormuz
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News Apr 09, 2026

Trump Mulls NATO Exit Amid US‑Israel War on Iran, Signals Possible Troop Pull‑outs in Europe

President Donald Trump has reportedly raised the prospect of withdrawing the United States from NAT…
At a Wednesday briefing, White House Press Secretary Karoline Leavitt framed the ongoing US‑Israel war against Iran as a "test" that NATO failed, hinting that President Donald Trump is weighing a possible withdrawal from the alliance. She quoted the president saying the partnership had turned its back on the American people over the past six weeks. Shortly thereafter, Trump met with NATO Secretary‑General Mark Rutte at the White House. Both described the discussion as "frank and open," with Rutte acknowledging logistical support and base access from allies, but noting the absence of direct military contributions. During a CNN interview, host Jake Tapper asked Rutte whether the president intended to pull the United States out of NATO or at least reduce its backing. Rutte admitted there was disappointment, yet emphasized he had listened carefully to Trump’s arguments and praised the president’s leadership. Since assuming office in 2025, Trump has intensified pressure on NATO members to raise defence spending. At the 2025 NATO summit, members agreed to a non‑binding target of 5 % of GDP by 2035. Spain’s request for an exemption sparked a year‑long public denouncement by Trump. Earlier, Trump threatened to seize the Danish territory of Greenland, claiming its strategic value, though the United States has since softened that stance. Nevertheless, he continues to argue that US control of Greenland is essential, despite opposition from local residents and European leaders. The Wall Street Journal reported that the administration is evaluating the closure of U.S. bases or the redeployment of troops from countries such as Spain and Germany as retaliation for their limited engagement in the Iran conflict. When pressed about a potential NATO exit, Leavitt confirmed that the president "has discussed" the option and may address it after his meeting with Rutte. The president’s relationship with Rutte remains close; the Dutch leader has visited the White House multiple times during Trump’s second term. Rutte warned that NATO "will not work" without U.S. support, underscoring the strategic stakes of any American pull‑back. The unfolding debate highlights a deepening rift between Washington and its European partners at a time when the broader geopolitical landscape is already destabilised by the Iran war.
#nato #israel #greenland
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News Apr 09, 2026

US Reiterates Opposition to Iran's Uranium Enrichment as Ceasefire Talks Loom

The White House has reaffirmed that the United States will not accept Iran's right to enrich uraniu…
The White House has reiterated that the United States continues to reject any uranium enrichment inside Iran, reaffirming that US President Donald Trump did not agree to a 'wish list' submitted by Tehran. The US stance on uranium enrichment remains a major point of contention in talks between the two countries.Trump's spokesperson, Karoline Leavitt, suggested that the 10-point proposal put forward by Iran as the basis for a ceasefire in the US-Israel war on Iran differs from the proposal published by the government in Tehran. The proposal included Iran's right to enrich uranium, which the US has rejected."The president's red lines, namely the end of Iranian enrichment in Iran, have not changed," Leavitt said. This stance has been a major sticking point in previous talks between Tehran and Washington.Domestic uranium enrichment has been a contentious issue, with Iran insisting on enriching its own uranium as a national right, while the Trump administration has pushed for dismantling the Iranian nuclear programme altogether. The US and Israel have claimed victory in the conflict, while Iran has also claimed success.After more than 38 days of war, Washington and Tehran announced a two-week ceasefire that will see the US stop its attacks and Iran reopen the Strait of Hormuz. The first round of negotiations will take place in the Pakistani capital, Islamabad, on Saturday, led by US Vice President JD Vance, Special Envoy Steve Witkoff, and Trump's son-in-law, Jared Kushner.However, Iran's Parliament Speaker Mohammad Bagher Ghalibaf cast doubt over the fate of the talks, citing US and Israeli violations of the ceasefire. The talks' success remains uncertain amid these tensions.
#iran #trump #list
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News Apr 09, 2026

Iran Ceasefire Brings Relief to Tehran Amidst Ongoing Tensions

A two-week ceasefire between Iran and the US, mediated by Pakistan, has brought partial relief to T…
Residents of Tehran and much of Iran are breathing a sigh of relief after a two-week ceasefire was announced, bringing an end to daily bombardments. The ceasefire, agreed upon by Iran and the US with mediation from Pakistan, has allowed some traffic to return to the streets of the Iranian capital during daylight hours.Despite the temporary reprieve, Tehran remains far from its usual bustling state, having been targeted by several thousand munitions since February 28. The Iranian capital is home to more than 10 million people. Air defence systems were activated for short periods several times since the ceasefire was announced overnight, but there were no reports of impacts or any official explanation for the activations.People across Tehran are debating whether the ceasefire will hold and what the future may hold for them. A young man noted, “Looks like the ceasefire will continue. I heard the Israelis are opening up their airspace more,” referring to an announcement by Israeli authorities that flights will resume from Ben Gurion Airport.However, others are more pessimistic, especially after two critical islands off southern Iran were attacked on Wednesday morning, hitting oil facilities. It is unclear who was behind the attack. The Islamic Revolutionary Guard Corps (IRGC) said it shot down a drone in the southern province of Fars.Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, and Bahrain also reported attacks on their territories by missiles and drones from Iran, with Iranian state television confirming this was in retaliation for the post-ceasefire oil attacks. Tehran said it was ready to restart military operations if attacked again.On Tuesday, Iranians had been worried about the targeting of critical civilian infrastructure, such as power plants and bridges, after a threat from US President Donald Trump to end “civilisation” in a country with one of the world’s oldest civilisations. The ceasefire was announced shortly before the midnight GMT deadline that Trump had set for an agreement to be reached.The Israeli military intensified its attacks in the hours preceding the ceasefire, hitting electricity outposts, bridges, and the railway network. Warplanes also struck the Iranian Aluminium Company in Arak, damaging the country’s largest aluminium production facility.Even after the ceasefire, Israel continued attacking Lebanon, killing more than 250 people in a devastating day of attacks on Wednesday. Israel said it was targeting Iran’s ally Hezbollah, but civilian locations across Lebanon were hit.Trump hailed what he described as a decisive victory against Iran while announcing the ceasefire, but his top general emphasised that the deal only signifies a pause and combat operations could start once again if no final deal is reached. The US military said it struck 13,000 targets across Iran in less than six weeks of war.In Iran, similar proclamations of victory and celebrations were broadcast from Iranian state television. A statement from the Supreme National Security Council urged supporters of the government to trust in the system and refrain from making “divisive commentary”.The council also stressed that affairs were being overseen by Mojtaba Khamenei, who was declared Iran’s supreme leader after his father, Ayatollah Ali Khamenei, was killed on the first day of the war on February 28.
#iran #israel #ceasefire
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World Economy Apr 09, 2026

UK Government’s Plan to Loosen Planning Rules for Industrial Chicken Farms Sparks Welfare and Sustainability Concerns

A proposed relaxation of UK planning regulations would enable more industrial chicken units, a move…
The UK government’s latest proposal to ease planning restrictions for large‑scale chicken operations has drawn sharp criticism for being short‑sighted and potentially jeopardising the nation’s food resilience.Advocates of the change argue that lower stocking densities constitute a modest welfare improvement, yet critics contend this is a minor concession that does little to address the systemic cruelty of intensive poultry systems. Moreover, the fast‑growing, low‑welfare breeds used in these units depend almost entirely on imported soy for feed, creating a strategic vulnerability to trade disruptions – a risk highlighted by the ongoing conflict in Iran.Beyond ethical concerns, the model is increasingly economically unsustainable. Frequent disease outbreaks, soaring energy prices and extreme weather events such as heatwaves and flooding are already eroding profitability and further degrading animal welfare. These pressures underscore the fragility of a sector that remains heavily reliant on a single, high‑intensity production model.Local communities have also voiced strong opposition, with recent planning objections succeeding and legal actions launched against producers and retailers for alleged environmental damage. This grassroots resistance signals a growing public demand for a more nature‑friendly agricultural framework.Stakeholders, including World Animal Protection’s UK country director Ruth Tanner, call for an immediate halt to the proposed deregulation. They propose capping the number of industrial units and investing in alternatives such as agroforestry and regenerative farming, which promise a more resilient, high‑welfare, and equitable future for British agriculture.
#farming #industrial #chicken
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Media Apr 09, 2026

Legendary BBC Wildlife Filmmaker Doug Allan Passes Away During Nepal Trek at 74

Renowned wildlife cameraman Doug Allan, celebrated for his work on BBC series such as Planet Earth …
Doug Allan, a pioneering wildlife cinematographer, died at the age of 74 while on a trek in Nepal, his management firm said, noting he passed away "immersed in nature and surrounded by friends."Best known for his role as principal camera operator on landmark BBC series including Planet Earth, Frozen Planet and The Blue Planet, Allan amassed a remarkable collection of honors, among them eight Emmy Awards, five BAFTAs, and an OBE awarded in 2024 for services to broadcast media and environmental awareness.Born in Dunfermline, Fife, he earned an honours degree in marine biology from Stirling University in 1973 and soon after joined the British Antarctic Survey as a research diver at Signy Island. It was during this period that his passion for filming blossomed, leading to a pivotal encounter with Sir David Attenborough in 1981, which set him on the path to a distinguished career.Allan’s early forays into polar filming began with a 16 mm camera he purchased for an Antarctic expedition, capturing emperor penguins and selling the footage to the BBC—a move that launched his lifelong partnership with the broadcaster.His dedication to extreme‑environment storytelling earned him the Polar Medal twice, underscoring his expertise in filming some of the planet’s harshest locales.In a 2017 interview, Allan revealed he had spent roughly 620 days tracking and recording polar bears. He recounted a memorable moment when a bear’s wet nose brushed a window, likening it to “a squeegee mop cleaning the glass.” Another close encounter saw a hungry walrus seize his legs underwater, which he repelled by striking the animal with his camera.Allan’s visual legacy, described by his representatives as "breathtaking and intimate moments in the natural world," continues to inspire audiences to appreciate and protect Earth’s wonders.
#bbc #obe #nepal
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Environment Apr 09, 2026

Amazon to End Support for Pre‑2013 Kindle E‑Readers, Sparking E‑Waste Concerns

Amazon will cease software updates for Kindle and Kindle Fire models released in 2012 or earlier on…
Amazon announced that, effective 20 May 2026, it will stop delivering software updates to Kindle and Kindle Fire devices launched in 2012 or earlier. The decision targets a range of models, from the original 2007 Kindle to the first‑generation Kindle Paperwhite and early Kindle Fire tablets. According to the company, owners will retain the ability to read books already stored on their devices, and their Amazon accounts will remain usable through mobile and desktop applications. However, a factory reset on the affected units will render them inoperable for new purchases, borrowing, or downloads. Amazon is offering discounts to encourage users to upgrade to newer hardware, acknowledging that many of the devices have been supported for 14‑18 years. The move has ignited a wave of criticism online, with users describing their still‑functional e‑readers as being reduced to "paperweights" and accusing the retailer of fostering large‑scale waste. Ugo Vallauri of the Restart Project—a UK‑based repair advocacy group—told the BBC that manufacturers often cite performance improvements when ending support, but this does not justify "soft‑bricking" millions of functional devices. He estimates the impact could affect roughly 2 million e‑readers, representing about 3 % of Kindle users, potentially creating more than 624 tons of e‑waste. Tech analyst Paolo Pescatore described the decision as "understandable from a security and support perspective," noting that the hardware of these older models was not designed for today's data‑intensive services. In summary, Amazon's phase‑out underscores the tension between extending product lifespans and keeping pace with rapid technological advancement, while raising environmental questions about the fate of legacy devices.
#Amazon #Kindle #e-waste
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