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World Economy Mar 28, 2026

Investors Bet on Trump's Iran Policy Reversals: The TACO Trade

The ongoing conflict between the US, Israel, and Iran has led to a phenomenon known as the TACO tra…
The conflict between the US, Israel, and Iran has entered its fourth week, with the Strait of Hormuz remaining effectively closed. This has led to a broadening of the global energy crisis, with the economic outlook darkening across Asia, Europe, and beyond.Japan has responded by releasing 80 million barrels of oil from its national reserves, enough to last for 45 days. The country's reliance on Middle Eastern crude oil imports stands at 90 percent.The Organisation for Economic Co-operation and Development (OECD) has warned that the conflict will have a significant impact on the UK economy, predicting inflation of 4 percent this year. UK Foreign Secretary Yvette Cooper has stated that Iran cannot be allowed to hold the global economy hostage.The uncertainty surrounding Trump's policy on Iran has led to the emergence of the TACO trade, an acronym that stands for Trump Always Chickens Out. This phenomenon refers to investors betting that the US president will back down from his threats, resulting in profits for those who bought in.Observers note that Trump's inconsistent messaging has created an opportunity for investors to bet on his policy reversals. For example, Trump extended his deadline for Iran to reopen the Strait of Hormuz from 48 hours to five days, and later promised to hold off from attacks on Iran's energy facilities for an additional 10 days. This type of about-face has opened the door to investors willing to bet that the US president will back down.Lena Komileva, chief economist at consultancy firm (g+)economics, notes that global markets have been less inclined to rebound after Trump's Iran-related policy reversals compared to similar shifts in response to his tariff policies. This is due to the complexity of the conflict and the unique objectives of the parties involved.
#trump #iran #list
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Sports Mar 28, 2026

US Men's National Team Thrashed 5-2 by Belgium in World Cup Tune-up

The US men's national team suffered a humiliating 5-2 defeat to Belgium in a World Cup tune-up matc…
The US men's national team faced a daunting task against Belgium at Mercedes-Benz Stadium in Atlanta on Saturday, but the outcome was far more severe than expected. The 5-2 defeat was an embarrassing loss, easily among the USMNT's worst under head coach Mauricio Pochettino.The US had been riding a wave of momentum, unbeaten in their past five matches, but struggled mightily against a talented Belgium side. The Belgians' five straight goals after the US opened the scoring left many questions unanswered for Pochettino's team.The match started promisingly for the US, with Weston McKennie's opening strike in the 39th minute. However, that lead was short-lived as Belgium equalized in the 45th minute through Zeno Debast's well-hit goal. The US keeper, Matt Turner, was in part responsible for the goal and faced difficulty throughout the match.The second half was a disaster for the US, with Jérémy Doku at the center of the danger for Belgium. The Manchester City winger muscled away Mark McKenzie and played it across to Saelemaekers, who found Amadou Onana for the equalizing goal. The Belgians took control with Charles De Ketelaere's penalty kick in the 55th minute, making it 3-1.The final goals for Belgium came from Dodi Lukebakio, who scored twice in the 68th and 83rd minutes. The US were allowed a consolation goal two minutes from full-time through Patrick Agyemang.The loss raises concerns for the USMNT ahead of their upcoming match against Portugal on Tuesday evening. The team will need a significant improvement to test themselves against top teams like Belgium in the World Cup.
#belgium #world #cup
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Sports Mar 28, 2026

Harrogate Town's Football League Status Hangs in the Balance

Harrogate Town faces a tough battle to preserve their Football League status, currently sitting in …
Harrogate Town's hopes of retaining their Football League status are dwindling as they struggle to find form in League Two. The team, managed by Simon Weaver, has had a dismal season so far, scoring just 29 goals in 40 games and conceding the most shots in the league. Despite a recent upturn in results, including an unbeaten five-game spell in February that yielded nine points, Harrogate still find themselves in 23rd place, only a point from a safe position. The team's home form has been particularly poor, with only three home victories all season. The club's struggles are compounded by the fact that they have not changed their manager this season, with Weaver being the longest-serving manager in the current EFL clubs, having been in the job since 2009. Weaver's father, Irving, is the club's chairman, which has led to a unique family dynamic in the club's decision-making process. Weaver has had to navigate a difficult season, with 19 new signings arriving since the end of last season and 36 players being used across the league campaign. The team has also suffered an injury crisis, with 12 senior players out for the long term at one point. Despite these challenges, Weaver remains optimistic about the team's chances of staying up, citing the 32% increase in home support over the past three years and the club's recent application for planning permission for a new training ground. However, with tough fixtures ahead, including matches against Bristol Rovers and Colchester, Harrogate will need to win their next few games to keep their pride intact and stay in the league.
#Harrogate Town #League Two #English Football League
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Sports Mar 28, 2026

Alessia Russo's Hat-Trick Propels Arsenal to Second in WSL

Arsenal secured their 11th consecutive victory in all competitions with a 5-2 win against Tottenham…
Arsenal claimed their 11th consecutive win across all competitions with a dominant 5-2 victory over Tottenham at the Emirates Stadium. Alessia Russo was the star of the show, scoring a remarkable hat-trick in just 22 minutes, showcasing her impressive form this season.Russo's three goals took her tally to five in the last eight days, highlighting her exceptional goal-scoring ability. Her performance was praised by Arsenal head coach Renée Slegers, who described Russo as a 'complete footballer' with impressive finishing skills and other aspects of her game.The win moved Arsenal up to second in the Women's Super League table, level on points with Manchester United but with two games in hand. This positions them well in the race for automatic qualification for the Champions League group stage.Tottenham, on the other hand, suffered their third successive defeat and will look to address defensive vulnerabilities, particularly in set-piece situations. Despite a stronger second-half performance, they were unable to recover from Arsenal's strong start.Russo's goals exemplified her aerial ability and technical quality, while her third goal was facilitated by a gift from Tottenham keeper Lize Kop. Arsenal's Caitlin Foord and Stina Blackstenius also made significant contributions with their goals, marking Foord's return from the Women's Asia Cup and Blackstenius's third goal in four games.
#her #arsenal #second
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Politics Mar 28, 2026

US Military Efforts Only Destroyed a Third of Iran's Missile Arsenal

The US has only managed to destroy about a third of Iran's missile and drone arsenal after a month …
The ongoing conflict between the US and Iran has yielded limited results in terms of destroying Iran's ballistic missile capabilities. According to a report by Reuters, based on information from five people familiar with US intelligence, the US has only destroyed about a third of Iran's missile and drone arsenal after a month of military action. The report suggests that another third of Tehran's missiles may have been damaged or buried in underground tunnels and bunkers, leaving a sizeable stockpile still accessible to Iran. This assessment directly contradicts statements made by Donald Trump on Thursday that Tehran had "very few rockets left" and claims from other US officials that the war has eliminated Iran's ballistic missile capabilities. Iranian officials view their ballistic missile program as a crucial deterrent against the US and Israel, given the significant military superiority of these countries. Iran has effectively used ballistic missiles and drones over the last month to attack Israel and critical infrastructure in the Gulf, causing substantial damage to the global economy. The US and Israel have identified degrading Iran's ballistic missile capacity as a primary objective of the war. Washington has deployed thousands of additional troops to the Middle East in recent days, with the administration reportedly considering a ground operation on Kharg island to reopen the Strait of Hormuz. Israel has targeted ballistic missile caches and launchers in its aerial campaign against Iran, claiming to have "neutralized" 335 or 70% of Tehran's missile launchers. However, Iran has dispersed its launchers across the country to evade detection and airstrikes, making it challenging for Israel and the US to completely eliminate the threat. Despite the decline in the number of launches due to the ongoing bombing campaign, Iranian missiles have still managed to hit Israel and the Gulf, as interceptors also run out. The conflict has resulted in billions of dollars spent and critical interceptor stocks expended by Israel, the US, and Gulf states to block Iranian missile barrages. A US official noted that assessing Iran's missile stockpile accurately is difficult due to much of it being stored underground, suggesting that "I don't know if we'll ever have an accurate number". The vast tunnel network created an extra challenge in destroying Iran's missile stockpile, but the US military has vowed to continue its efforts.
#US Military #Iran #ballistic missiles
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Sports Mar 28, 2026

Martínez's Dream-Led Philosophy Fuels Portugal's World Cup Charge

Portugal coach Roberto Martínez reflects on his unlikely journey from Spanish unknown to national t…
In the hallway at the Portuguese federation's base in Oeiras near Lisbon, Roberto Martínez stands with arms outstretched, embodying the warmth of welcome that has defined his coaching career. Seventy-five days before the World Cup begins, the man whose favorite goal was against Scunthorpe at Springfield Park now leads one of football's most formidable nations, with matches against Mexico and the United States serving as final preparation for the tournament.Martínez's journey to this moment defied conventional expectations. Arriving in England in 1995 as a 21-year-old unknown who didn't speak English, he recalls the cultural shock: 'You've spent your whole life learning you have to look after the ball, then you get there and the first thing they say is: 'Second ball'.' The Spanish midfielder, who would later be dubbed one of the 'Three Amigos' at Wigan, embraced the challenge with an attitude that has defined his career: 'Why not?'From his humble beginnings at Wigan, where he helped win the Third Division and Football League Trophy, Martínez has carved an extraordinary path through football. His coaching career took him through Swansea, Belgium—where he led the team to the world's No. 1 ranking—and now Portugal, where he has inherited a squad filled with exceptional talent. 'Portugal is a football school,' he explains, 'Ten million people and yet they fill the world's best dressing rooms.'Central to Portugal's World Cup aspirations is Cristiano Ronaldo, the legendary forward who has given 21 years to the national team. Martínez dismisses the notion that Ronaldo's pursuit of 1,000 career goals defines his motivation, instead emphasizing the 40-year-old's unwavering commitment: 'Cristiano's attitude is always: 'I'm here for the national team, whatever you need.' The coach reveals that despite a current hamstring injury, Ronaldo's absence is merely a two-week pause before his return to action.Portugal enters the World Cup as one of the favorites, with a squad boasting captains from Manchester United, Porto, Manchester City, and four key players from European champions Paris Saint-Germain. 'Winning the Nations League was very good for us,' Martínez notes, referring to their victory against Spain, the world's No. 1 team and European champions. 'I wouldn't say there's an anxiety in Portugal to win the World Cup; I would say it's excitement, hope.'The coach's meticulous preparation extends to every detail, including playing at altitude in closed stadiums to simulate World Cup conditions. His selection process reflects both compassion and pragmatism: 'I'll choose a list of 26 and four others who know they are on standby.' This approach, he believes, creates a more positive environment when injuries occur.Martínez acknowledges the unique challenges of a 48-team World Cup spanning 50 days, noting: 'No scientific study would deny a human is changed by that.' Yet he remains optimistic, drawing inspiration from Portugal's football history and the numerological significance of 2026—sixty years since Eusébio's World Cup performance. 'It's all sixes. Let's dream. Why not?' he concludes, embodying the philosophy that has taken him from Spanish unknown to Portugal's World Cup dreamer.
#mart #nez #you
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Sport Mar 28, 2026

Lachie Kennedy Outpaces Gout Gout in Thrilling 200m Peter Norman Memorial

Lachie Kennedy emerged victorious in the 200m Peter Norman Memorial, edging out Gout Gout by a mere…
Lachie Kennedy has once again outshone his fellow Queenslander, Gout Gout, in a captivating display of athleticism at the Maurie Plant Meet on Saturday. The 200m Peter Norman Memorial race saw Kennedy claim victory with a time of 20.38 seconds, despite challenging weather conditions.Gout Gout, just 18 years old and four years Kennedy's junior, put up a formidable fight but ultimately finished second, five hundredths of a second behind the winner. The young athlete expressed his determination to improve, stating, 'Today he got the win, but next time I’ll be better for sure.'Kennedy's win was a testament to his skill and strategy, as he managed to hold off Gout's late surge. The Queenslander had already impressed in the 100m event earlier in the evening, securing a time of 10.03 seconds despite blustery conditions.The rivalry between Kennedy and Gout has become a highlight of the Australian athletics season, drawing comparisons to iconic sporting duels. With the Brisbane 2032 Olympics on the horizon, their formative battles are set to captivate audiences in the lead-up to the Games.The event, attended by nearly 9,000 fans at Lakeside Stadium, showcased not only the prowess of Kennedy and Gout but also remarkable performances from other athletes. Cam Myers recorded the fastest 1500m time in Australia, while Claudia Hollingsworth and Nina Kennedy also delivered standout results in their respective events.
#gout #kennedy #but
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Sports Mar 28, 2026

Miedema's Double Powers Manchester City to Dominant Derby Win, Nearing WSL Crown

Manchester City secured a commanding 3-0 victory over rivals Manchester United in the Women's Super…
Manchester City delivered a resounding statement of intent in their latest Women's Super League fixture, dismantling Manchester United 3-0 at Old Trafford in a derby that showcased the vast gulf between the two teams. The victory propelled City closer to securing their first league title in a decade, while simultaneously damaging United's hopes of European qualification next season.Vivianne Miedema was the star of the show, scoring twice with headers in the first half, while Kerstin Casparij added a third goal early in the second period. Lauren Hemp also hit the crossbar as City dominated throughout, with the home side fortunate not to concede more goals in a match that highlighted the disparity between the teams.Manchester United head coach Marc Skinner attributed his team's performance to fatigue following their Champions League encounter with Bayern Munich three days prior. In contrast, City has benefited from not competing in European competitions this season, allowing for crucial rest between matches. Skinner acknowledged the advantage enjoyed by City manager Andrée Jeglertz, who described his team's first-half display as "one of the best we've done this season."The result has effectively ended United's title ambitions, with Skinner's side now trailing by 11 points with only three games remaining. Chelsea's hopes of retaining their crown have also been extinguished, as they sit 12 points behind with an inferior goal difference. Arsenal remains the only mathematical challenger, though they would need City to falter significantly in their remaining fixtures.City's dominance was evident from the opening minutes, with Miedema opening the scoring from a corner just 21 seconds into the match. She doubled her tally before the break, finding herself unmarked in the penalty area as United's defense failed to deal with a cross from Casparij. Hemp struck the woodwork before a Rebecca Knaak goal was controversially disallowed, and Casparij sealed the victory with a clinical finish after the interval.With City now requiring just five points from their remaining three matches—all against bottom-four teams—the WSL title appears destined to return to the Etihad Stadium. Meanwhile, United faces an uphill battle to secure European qualification, with challenging fixtures against Tottenham and Chelsea still to come this season.
#city #united #manchester
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Sports Mar 28, 2026

Ilia Malinin Wins Third Consecutive World Figure Skating Championship

American figure skater Ilia Malinin claimed his third straight world championship title with a domi…
Ilia Malinin, known as the 'Quad God' for his exceptional jumping skills, has won his third consecutive world figure skating championship. The 21-year-old American skater delivered a commanding performance in the free skate, scoring 218.11 points to finish with a total of 329.40 points.Malinin's victory comes just a month after his surprising eighth-place finish at the Olympics, where he struggled with errors and pressure. However, in Prague's O2 Arena, Malinin showcased his composure and skill, landing five quadruple jumps, including a quad toe-triple toe combination and a backflip.The American skater's performance was well-received by the crowd, with Malinin stating, “I definitely felt very pushed and loved from the crowd,” and that he felt their support throughout his program.Malinin's win marks a significant redemption arc, as he overcame the disappointment of his Olympic performance to reclaim his title. He finished comfortably ahead of Japanese rivals Yumi Kagiyama (306.67) and Shun Sato (288.54).The absence of Olympic champion Mikhail Shaidorov and other top skaters allowed Malinin to take center stage, and he responded with a confident performance. His victory solidifies his position as a top figure skater in the world.
#Ilia Malinin #World Figure Skating Championships #Olympic Games
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