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President Donald Trump announced on Fox Business that he will dismiss Federal Reserve Chair Jerome Powell if the central‑bank chief does not vacate the post by the statutory end of his term on May 15. “I’ll have to fire him, OK, if he’s not leaving on time,” Trump said, adding that he had previously held back the decision to avoid controversy. Powell, who has just over a month left in his tenure, has repeatedly been criticized by Trump for what the president calls a “bad job” and for refusing to lower interest rates despite Trump’s repeated demands since his return to the White House in January 2025. In January, Trump nominated former Fed governor Kevin Warsh to replace Powell. Warsh, known for his criticism of the Fed’s relatively high rates, is expected to align more closely with Trump’s push for rate cuts. His confirmation hearing before the Senate Banking Committee is slated for April 21, but the outcome remains uncertain. Republican Senator Thom Tillis of North Carolina, a member of the banking committee, has signaled he will block Warsh’s nomination until the Department of Justice concludes its criminal investigation into alleged misconduct surrounding the Fed’s headquarters renovation in Washington, D.C. Tillis described the probe as “reaching the point of absurd,” yet insists the investigation must be resolved before moving forward. The probe appears active: prosecutors made an unannounced visit to the construction site this week, as reported by the Wall Street Journal, underscoring the seriousness of the inquiry. During the same interview, Trump dismissed the investigation’s relevance, claiming the project was “probably corrupt, but what it really is is incompetence,” and questioned whether a $25 million renovation could balloon to a $4 billion expense. Powell responded in January with a rare public rebuke, labeling the investigation a “pretext” aimed at pressuring the Fed to lower rates. He warned that political intimidation could jeopardize the Fed’s ability to set monetary policy based on economic evidence. The legal backdrop adds another layer of uncertainty. The Supreme Court has yet to rule on Trump’s authority to fire a Fed board member without cause—a question that resurfaced after the president’s attempted removal of Fed governor Lisa Cook last summer. Justices appeared skeptical of such unilateral action during oral arguments in January. With the Fed’s independence at stake, the coming weeks will determine whether Trump’s threat translates into action, whether Warsh can secure Senate confirmation, and how the renovation investigation will influence the broader debate over political interference in U.S. monetary policy.

Narwhal Labs, a UK-based AI firm, has been accused of running a misogynistic and sexist advertising campaign. The company's ads, which include a woman next to the strapline 'She outworks everyone. And she'll never ask for a raise,' have sparked outrage and garnered at least seven complaints to the Advertising Standards Authority (ASA). The ASA is assessing the complaints to determine whether there are grounds for further action, although a formal investigation has not been launched. The ads, which can be found online, had been displayed on large banners at Bristol airport but were taken down after concerns were raised. Critics, including Kate Bell, assistant general secretary of the Trades Union Congress, and Rebecca Horne, head of communications and campaigns at Pregnant Then Screwed, have condemned the ads as sexist and misogynistic, perpetuating toxic stereotypes about women in the workplace. Narwhal Labs, which recently secured £20m in investment funding, has defended its campaign, stating that it was not intended to be perceived as misogynistic or racist. The company is calling for legislation to regulate the use of AI and protect workers' rights. The controversy highlights the need for greater accountability and regulation in the AI industry, particularly when it comes to advertising and its potential impact on society.

The BBC has confirmed plans to eliminate as many as 2,000 positions, equating to about 10% of its 21,500‑strong workforce. The announcement was made at an all‑staff meeting on Wednesday, marking the broadcaster’s most extensive downsizing since 2011.Interim director general Rhodri Talfan Davies led the briefing and will steer the corporation until Matt Brittin, a former senior Google executive, takes over on 18 May.The job reductions are part of a broader £600 million cost‑cutting plan unveiled in February, which aims to trim 10% of the BBC’s roughly £6 billion annual cost base over the next three years.Outgoing director general Tim Davie departed on 2 April after resigning in November amid controversy over coverage of high‑profile issues such as Donald Trump, Gaza and trans‑rights.Union leader Philippa Childs of Bectu warned that “cuts of this magnitude will be devastating for the workforce and to the BBC as a whole,” adding that recent redundancy rounds have already placed staff under significant pressure.Financial pressures are compounded by a modest licence‑fee increase on 1 April, which rose from £174.50 to £180 per household. Last year the BBC collected £3.8 billion from the licence fee across 23.8 million households, supplemented by £2 billion from commercial activities and grants.However, the number of licence‑fee‑paying households fell by 300,000 year‑on‑year, driven by rising evasion and a shift toward rival streaming platforms such as Netflix and Disney.The corporation is currently negotiating a renewal of its royal charter, which expires at the end of next year, and is seeking to secure a more stable, long‑term funding pathway.Regulator Ofcom has warned that public‑service television in the UK is becoming an “endangered species” in the streaming era, a concern echoed by the BBC’s own strategy to expand its iPlayer service and forge a new content partnership with YouTube.In a recent statement the BBC highlighted that it has already delivered “more than half a billion pounds’ worth of savings” over the past three years, reinvesting much of those efficiencies back into its output to ensure value for money for audiences now and in the future.

Former Treasury Secretary Janet Yellen sharply criticized President Donald Trump’s repeated calls for the Federal Reserve to slash borrowing costs, likening the approach to the fiscal tactics of a “banana republic.”Trump has publicly urged the central bank to deliver the lowest interest rate in the world, arguing that cheaper financing would ease the service burden on the United States’ staggering $39 trillion debt.Speaking at an HSBC investor summit in Hong Kong, Yellen asked, “How often does the president of a developed country demand that interest rates be set to reduce debt‑service costs? This is what you hear in a banana republic.” She warned that such political meddling could unleash inflation if the Fed’s independence is compromised.The Fed, under Chair Jerome Powell, last lowered its policy rate in December to a range of 3.5 %–3.75 %. However, policymakers are growing uneasy about inflationary pressures, especially as the ongoing Iran conflict threatens oil supplies.Powell is slated to step down next month, but his successor—Trump’s nominee Kevin Warsh—has yet to secure Senate confirmation. Powell has indicated he will remain in his role if a replacement is not confirmed, and he may continue as a Fed governor until a pending Department of Justice investigation concludes.Trump has openly dismissed the idea of Powell staying on, telling Fox Business that he would “have to fire him” if the chair does not leave. Powell, for his part, describes the DOJ probe as a “pretext” aimed at pressuring the Fed to cut rates.Warsh, who argues that potential productivity gains from artificial intelligence could justify lower rates, faces skepticism from Yellen, who doubts he commands the same respect as former Fed chair Alan Greenspan. She noted, “Greenspan was widely respected for his expertise; I don’t think Warsh walks in with that level of credibility.”Trump’s broader effort to reshape the Fed board includes an attempt to remove Governor Lisa Cook, who is currently facing a Supreme Court case over alleged mortgage fraud.Meanwhile, finance ministers and central bankers have gathered in Washington for the International Monetary Fund’s spring meetings. Bank of England Governor Andrew Bailey warned that rising oil prices, driven by the Iran conflict, constitute a “major supply shock” that central banks must assess carefully.The IMF has cautioned that a prolonged closure of the Strait of Hormuz could trigger a global recession, underscoring the interconnected risks of geopolitical tensions, sovereign debt, and monetary policy decisions.

UK officials have entered exclusive talks with a Norwegian startup, Blastr, to buy the former Liberty Steel works in South Yorkshire, in a significant step towards its rescue. Blastr, owned by Vanir Green Industries, a Norwegian investor in renewable industries, is understood to be the bidder preferred by the government’s official receiver to take on ownership of the UK’s largest existing electric arc furnace in Rotherham and other works in Stocksbridge, both in South Yorkshire.The business, formally named Speciality Steel UK (SSUK), has been under the official receiver’s control since August, after the previous owner Sanjeev Gupta lost ownership in London’s high court. Finding a new buyer would remove a headache for the government, which also a year ago took control of the Chinese-owned British Steel blast furnaces in Scunthorpe, Lincolnshire.Blastr is run by Mark Bula, who has worked for and run large steel businesses in India and the US. The company does not yet operate any steel plants, although it is developing a site in Finland to use green hydrogen to produce iron and steel. It is likely to have to secure financing to take on the SSUK sites in South Yorkshire, but it would allow them to progress rapidly.Union officials welcomed the news after employees were informed. Charlotte Brumpton-Childs, a former steelworker and a national secretary of the GMB union, said Liberty Steel workers “have been at the sharp end of years of uncertainty at this point – this needs to be a deal that secures the long-term future of steelmaking in South Yorkshire”. She added: “Any sale of SSUK must include due diligence which guarantees ongoing operations and stability of the sites.”

A former Alabama defensive lineman, Luther Davis, who helped the Crimson Tide win the 2010 national championship, is preparing to plead guilty to a multi‑million‑dollar loan fraud that hinged on impersonating NFL athletes. According to a criminal information filing by the U.S. Attorney for the Northern District of Georgia, Davis and his associate CJ Evins obtained at least thirteen fraudulent loans totaling $19,845,000. The defendants chose to waive a grand‑jury indictment and will enter guilty pleas at a hearing scheduled for 27 April. The scheme targeted lenders that specialize in financing athletes, notably Aliya Sports and All Pro Capital Funding, with loan brokerage services provided by Sure Sports. Three of the loans are detailed in the filing: $4.025 million was secured for a fictitious company linked to Cleveland Browns tight end David Njoku. $4.35 million was obtained for a sham entity tied to Green Bay Packers safety Xavier McKinney. $3.3 million was borrowed for a fabricated venture associated with Atlanta Falcons quarterback Michael Penix Jr. Investigators say the duo created shell companies with names resembling the players’ initials, opened bank accounts, and fabricated email addresses and driver’s licenses. Davis then attended virtual loan closings in disguise—often wearing wigs, makeup, or a durag—to pose as the athletes and convince notaries to certify the fraudulent documents. One closing on 22 January 2024 for the Njoku loan involved Davis presenting a counterfeit Georgia driver’s license that displayed the player’s photo alongside a number belonging to an unrelated Savannah resident. Similar deceptions occurred for the McKinney and Penix loans, with forged Florida and Georgia licenses respectively. The fraud mirrors a separate case in which First Farmers Bank & Trust sued an insurer after a $5.265 million loan, also brokered by Sure Sports, was discovered to have been signed with a fake Njoku identity. While it is unclear whether that loan is part of the thirteen identified in Georgia, the modus operandi aligns closely. Both Davis and Evins face charges of aggravated identity theft and conspiracy to commit wire fraud, offenses that carry potential sentences of up to 20 years in prison. Their attorneys declined to comment on the pending pleas. Beyond the courtroom, the case underscores vulnerabilities in niche financing markets that cater to professional athletes, highlighting how forged identities and shell corporations can be leveraged to extract substantial capital from lenders.

The Bridget Jones statue in Leicester Square, London, has been made a permanent fixture, joining other iconic characters like Harry Potter, Mary Poppins, and Batman. Originally intended to stay for three years, the statue has become a beloved landmark.149 days without vices have passed since its unveiling, and the statue's fast is set to continue indefinitely. The statue depicts Bridget Jones clutching her diary and pen, wearing a gaping cardigan exposing her navel.Kirsty Tullett-Jones, director of marketing and communications for Discover Leicester Square, said: “For 25 years, Bridget has made Londoners laugh, cry and feel seen. The reaction to her arrival in Leicester Square has been incredible, showing just how much she continues to resonate with audiences today.”The statue was unveiled by stars of the film, including Renée Zellweger and Sally Phillips, alongside Helen Fielding, who created the character. The Bridget Jones series of novels has been published in over 40 countries, and the four films have a combined box office of $900m (£683m).The news coincides with the return to cinemas of the first film, Bridget Jones’s Diary, released 25 years ago. The fourth film, Mad About the Boy, was the second highest-grossing movie in the UK last year and was nominated for an Emmy and a Bafta.

Sheffield Wednesday's prospective new owners, Arise Capital Partners, are engaged in discussions with the EFL to potentially ease the club's transfer ban this summer. The ban, which prevents the club from paying for new players until January 2027, was a consequence of multiple late payment of wages under the previous ownership of Dejphon Chansiri.The club will begin next season in League One with a -15 point deduction, as the purchase price of £18m by Arise does not meet the EFL's requirement to repay creditors 25p in the pound upon exiting administration.Although the EFL is firm on the points deduction, they have indicated a possible flexibility on the transfer fee embargo. This would enable Arise to build a competitive squad if their takeover is approved. The club currently has seven players under contract at the end of the season, with most of Henrik Pedersen's squad, who are free agents, expected to leave.To secure approval for the takeover, Arise must agree to an EFL business plan with strict limits on spending and wage bills. However, the American private equity company is hopeful of being allowed to pay some transfer fees. Previously, Wednesday had a three-window transfer embargo but were granted special dispensation to register players, including the signing of Marvelous Nakamba from Luton in January.Arise, comprising David and Michael Storch and Tom Costin, aims for their takeover to be approved before the final game of the Championship season on 2 May. The Independent Football Regulator will take over the EFL's owners and directors' test on 5 May, which could cause further delays.

Cricket Australia (CA) has yet to secure the backing of two pivotal state bodies for its proposal to sell minority stakes in Big Bash League (BBL) franchises, casting doubt on the timeline for a major private‑investment push.Cricket NSW chief executive Lee Germon publicly rejected the plan on Wednesday, confirming that the Sydney Thunder and Sydney Sixers will not participate in any valuation process overseen by CA.CA chief executive Todd Greenberg responded that the consultation with states is ongoing and that the organisation remains “open to discussing any questions or concerns” while emphasizing a “respectful and collaborative” approach.The Australian body aims to emulate the UK’s The Hundred model, where the England and Wales Cricket Board (ECB) auctioned franchises last year for £520 million (≈ $1 billion). CA’s proposal would allow up to 49% of each state‑run BBL team to be sold, with potential valuations of as much as $200 million per club, potentially generating a half‑billion‑dollar windfall.Proceeds would be split between an immediate cash injection to the state associations and ongoing annual payments, while a portion would seed a future development fund for Australian cricket.Germon warned that external investors could introduce goals misaligned with the existing cricket ecosystem, describing the current system as “working very effectively and very well now.” He highlighted risks of “external investors who will not have aligned goals with the states or Cricket Australia.”Meanwhile, Cricket Queensland chief executive Terry Svenson said no final decision has been made, noting the board is awaiting further clarification from CA on several points before reaching a verdict.Facing pushback, Cricket NSW is exploring an alternative financing strategy that sidesteps equity sales. The plan focuses on boosting revenue through ticket yields, attendance, commercial sponsorships, and wagering partnerships, aiming to fund the BBL’s growth without relinquishing club ownership.When asked about the increasing reliance on gambling revenue, Germon acknowledged that wagering is already part of cricket’s commercial mix and that its role will be reassessed as part of the broader funding discussion.CA’s ambition arrives amid rising competition from emerging T20 leagues in South Africa and the United Arab Emirates, which are vying for players and audience attention during Australia’s traditional summer window.