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World Economy Apr 02, 2026

Reform UK donor Nick Candy nets £275 million in record‑breaking Chelsea mansion sale

Property developer and Reform UK treasurer Nick Candy has sold his Grade II‑listed Chelsea mansion …
Nick Candy, who serves as the honorary treasurer of Reform UK and is among its top financial backers, has completed the sale of his Chelsea residence for an estimated £275 million. The transaction, first reported by Bloomberg, is believed to set a new benchmark for residential sales in London and ranks among the world’s most valuable property deals. Known as Providence House, the Grade II‑listed estate sits within the grounds of the Royal Chelsea Hospital and features a private lake and swimming pool. The identity of the purchaser has not been disclosed. Land Registry records list the current owner as Providence House LLP, a partnership controlled by Candy, with his estranged wife, former pop star Holly Valance, also named as a partner. A mortgage charge from First Abu Dhabi Bank is registered against the title. Candy’s involvement with Reform extends beyond his treasurer role; he contributed roughly £1 million to the party last year and has been instrumental in high‑profile fundraising events, including a 2024 gathering for Donald Trump Jr. at the estate. He has previously been seen alongside Nigel Farage as the party promoted a “billionaires’ bonanza” scheme offering wealthy individuals a £250,000 fee for ten‑year residency and a special tax regime. Candy also attended a meeting between Farage and billionaire Elon Musk at Mar‑a‑Lago in December 2024. Alongside his brother Christian, Candy amassed his fortune through global property ventures. He continues to market other high‑value assets, including a £175 million penthouse at One Hyde Park and a Los Angeles mansion, while maintaining office space in Mayfair that also houses Farage’s company, Thorn in the Side. Originally purchased by Christian Candy in 2012, the Chelsea mansion was later transferred to Nick Candy, underscoring the family’s long‑standing presence in the UK’s luxury property market.
#candy #his #reform
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Us News Apr 02, 2026

Trump Weighs Ousting Gabbard as Intelligence Chief Amid Frustration

President Donald Trump has privately inquired about replacing Director of National Intelligence Tul…
President Donald Trump has been privately discussing the possibility of replacing Tulsi Gabbard as Director of National Intelligence, according to two people briefed on the conversations. This development comes after Gabbard's testimony at a Congressional hearing where she declined to condemn Joe Kent, a former deputy who argued that Iran did not pose an imminent threat to the United States.Trump's frustration with Gabbard reportedly stems from her perceived defense of Kent and her reluctance to support the administration's position on attacking Iran. The President tends to poll his advisers when considering personnel changes, which suggests that Gabbard's position may be precarious.Despite this, Trump offered a mixed endorsement of Gabbard on Sunday, stating, "Yeah, sure... I mean, she's a little bit different in her thought process than me, but that doesn't make somebody not available to serve."The White House has defended Gabbard, with spokesperson Steven Cheung stating, "As President Trump just said in his remarks, he has confidence in Director Gabbard and the tireless work she is doing."Gabbard has faced challenges in her role, including criticism for revoking the security clearances of 37 people, including congressional aides, without consulting the White House. Her tenure has been marked by both support and controversy, particularly regarding her stance on Iran and her criticism of US involvement in foreign wars.
#trump #gabbard #she
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World Economy Apr 02, 2026

AI and Influencers Propel Global Secondhand Clothing Market Toward $289 bn Forecast

The global resale clothing market is set to grow 12% this year to $289 bn, driven by AI‑enhanced pl…
Forecasts indicate that the worldwide secondhand apparel sector will expand by 12% in 2024, reaching $289 bn (£217 bn), buoyed by artificial intelligence tools and social‑media influencers that help consumers locate desired items.Platforms such as Vinted, Depop, Vestige and ThredUp are expected to sustain an average 9% annual growth over the next five years, pushing the market to an estimated $393 bn—roughly double the growth rate of the broader clothing industry.The outlook stems from ThredUp’s latest resale report, which incorporates analysis from GlobalData. In 2021 the market was valued at just $141 bn, meaning the projected 2024 figure is more than double that baseline.Major brands—including Dr Martens, Zara and Mulberry—are now entering the resale space, either by offering pre‑owned pieces or refurbishing items to satisfy rising consumer demand."Resale is no longer merely expanding; it’s capturing direct market share," said James Reinhart, co‑founder and CEO of ThredUp. The report notes that resale now accounts for one‑tenth of global clothing sales, and that the U.S. secondhand market grew nearly four times faster than the overall market by 2025.ThredUp’s own revenue climbed 20% to $310.8 m last year. Depop reported a 42% increase to £101 m, while Vinted posted a 36% rise to €813.4 m (£710 m) in 2024. However, profitability remains elusive: ThredUp posted a $20 m pre‑tax loss, Depop a £42 m loss, and only Vinted turned a profit, earning €76.7 m. Depop was recently acquired by eBay from Etsy.Reinhart warned that rising inflation—spurred by geopolitical tensions that lift energy and fuel costs for manufacturers—could push more shoppers toward affordable secondhand options."The industry stays robust, driven by young consumers' behaviour," he added.Artificial intelligence is streamlining the massive inventories of resale platforms, enabling rapid cataloguing and matching of items to buyer preferences. "Netflix and Spotify spent decades building data and algorithms to recommend content; AI can achieve similar personalization for fashion almost instantly," Reinhart explained, noting that this reduces friction between spotting an item on social media and completing a purchase.Looking ahead, the market’s next phase will be defined by firms that can unlock supply and leverage AI to connect inventory with the next generation of shoppers, according to Reinhart.Analyst Neil Saunders of GlobalData highlighted that consumers aged 14‑45 (Gen Z and millennials) are projected to generate 70% of market growth. He emphasized that discovery tools must migrate to the social feeds where these shoppers spend their time, and that technology will be essential to simplify selling and maintain sufficient stock for expanding demand.
#thredup #vinted #depop
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Health Apr 02, 2026

US Health Aid Deals Spark Concerns of Exploitation in African Nations

The US has proposed bilateral health agreements to developing countries, mostly in Africa, in excha…
The United States has been proposing unusual bilateral health agreements to developing countries, mostly in Africa, in exchange for access to sensitive health data and critical minerals. These deals have sparked concerns of exploitation and have been met with resistance from several countries.In November, the US approached Zimbabwean authorities with a proposal that would have provided over $300m in funding in return for sensitive health data. However, Harare felt that the negotiations were 'lopsided' and promptly pulled out.Zambia also pushed back against a similar proposal, citing 'problematic' clauses that sought access to the country's minerals, including copper, cobalt, and lithium. The US had offered $1bn in funding over five years, but Lusaka requested a review of the proposal.Several African countries, including Nigeria and Kenya, have signed the health pacts, but the terms agreed remain unclear.Data or mineral demands in return for health aid are unprecedented in the history of US-Africa relations. Policy experts argue that tying crucial funding to sensitive national assets could have negative consequences for African nations and the US itself.'Supporting global health has clear benefits to the United States in terms of prevention of pandemics that can affect Americans too,' said Sarang Shidore, Africa director at the Quincy Institute for Responsible Statecraft. 'Linking such aid to payoffs in the extraction of critical minerals smacks of exploitative practices.'African nations have long relied on US funding to foot many of their health bills. In 2024, African countries received $5.4bn in US assistance, largely spent on humanitarian, health, and disaster needs.However, the US has argued that aid cuts suit its America First agenda, which prioritizes national interests. The stance has been met with criticism, with some economists arguing that aid is often ineffective and causes overreliance.Washington is now focused on government-to-government deals, which have typically required governments to take on an increasing share of their own health budgets in the next four to five years.Some analysts see this as a positive move to reduce overdependence on foreign funding and force governments to prioritize health spending in their budgets. However, the clauses that Washington is demanding to leverage its aid for data, rare earth elements, and other minerals have caused widespread outrage in some countries.In the case of Zambia, the US reportedly asked for access to the country's critical minerals in return for $1bn over five years. The US also asked for a one-way data-sharing agreement for 10 years.If Lusaka fails to ink a deal, US aid funding to the country will be discontinued, which could mean losing the remnants of funding Zambia still receives from the PEPFAR programme.
#United States #Nigeria #Cobalt
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News Apr 02, 2026

Russia Claims Full Control of Ukraine's Luhansk Region

Russia's Ministry of Defence announced that its forces have taken full control of Ukraine's Luhansk…
Russia's Ministry of Defence has declared that its forces have gained complete control over the Luhansk region in eastern Ukraine. This development comes as Moscow continues its efforts to expand its territorial control in the region. The ministry stated that units of the 'West' military grouping have completed the 'liberation' of the Luhansk People's Republic, a term used by Moscow to refer to the Ukrainian region. However, there was no immediate confirmation of this claim from Ukrainian authorities. Luhansk, along with Donetsk, forms the broader Donbas area. More than 99 percent of Luhansk has been under Russian control since the beginning of the 2022 invasion. The region was one of four Ukrainian territories annexed by Russia in 2022. Additionally, Russia controls approximately three-quarters of Donetsk. The Kremlin reiterated its demand for Ukrainian forces to withdraw from the entirety of Donetsk, which Kyiv has consistently rejected. Kremlin spokesman Dmitry Peskov urged Ukrainian President Volodymyr Zelenskyy to withdraw his forces from the Donbas area, suggesting that this would bring an end to what Russia refers to as the 'hot phase' of the war. In related developments, Ukrainian President Volodymyr Zelenskyy reported that Russia used 339 drones in overnight attacks on Ukraine. These attacks resulted in the deaths of two women in a civilian car in the Kherson region. Zelenskyy also mentioned that he would be holding a video call with US envoys to discuss stalled negotiations with Russia. Meanwhile, Ukrainian drones have been reported to have crossed into the airspace of several countries, including Estonia, Finland, and Latvia. Ukrainian Foreign Minister Andrii Sybiha clarified that Ukraine never aimed drones at these countries.
#russia #ukraine #luhansk
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Politics Apr 02, 2026

Burundi Military Base Blast Kills 13, Injures Dozens in Bujumbura

At least 13 civilians were killed and 57 others injured in a military base explosion in Burundi's e…
A devastating explosion at a military base in Burundi's economic capital, Bujumbura, has resulted in at least 13 civilian fatalities and 57 injuries. The blast, caused by an electrical short circuit, occurred at the main ammunition depot of the Burundi National Defence Force (FDNB) in Musaga, a densely populated area.The army reported that houses and private vehicles were damaged in various neighborhoods, while military equipment and facilities were destroyed or burned. Three soldiers were among those wounded, but the army did not specify if any soldiers had been killed.The explosion occurred in a densely populated area adjoining the Higher Institute for Military Cadres (ISCAM), where aspiring army officers are trained and housed. Firefighting efforts were initially slowed by a water shortage, exacerbating the damage.Burundi, ranked by the World Bank as the world's poorest country by GDP per capita in 2023, has faced years of deep economic crises, including a severe fuel shortage. President Evariste Ndayishimiye expressed his sympathy to the victims, while authorities urged citizens to report unexploded munitions.
#Burundi #Bujumbura #Burundi Armed Forces
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Politics Apr 02, 2026

Ecuador Sees 28% Drop in Homicides Amid US-Backed Anti-Crime Campaign

Ecuador's government claims a 28% decrease in homicides in March compared to the same period last y…
Ecuador's President Daniel Noboa has announced a significant decrease in homicides, with a 28% drop in March compared to the same period last year. This development comes as the country intensifies its fight against organized crime, with support from the United States.The government's anti-crime efforts have resulted in 4,300 arrests nationwide and the execution of 2,200 search warrants. Interior Minister John Reimberg attributed these successes to Noboa's leadership and the work of the Security Bloc, a task force composed of national police and military members.Reimberg expressed his commitment to continuing the effort, stating that the Security Bloc's deployment has yielded clear and measurable results. Defence Minister Gian Carlo Loffredo echoed this sentiment, emphasizing that the crackdown is just the beginning.However, concerns have been raised about potential human rights abuses amid the aggressive campaign against cartels. The US has provided intelligence and logistics to support Ecuador's military operation, which has been carried out on the ground by Ecuadorian forces.Noboa has compared Ecuador's struggles with criminal violence to a war, justifying a military-style response. The country's homicide rate has surged since the start of the COVID-19 pandemic, and Noboa has largely embraced the 'mano dura' or 'iron fist' security policies of other regional leaders.Despite the reported successes, allegations have emerged of civilian safety being threatened. Colombia's President Gustavo Petro alleged that bombs had landed near civilian farms along the Ecuador-Colombia border, and unidentified bodies have been recovered.The allegations have prompted domestic scrutiny of Noboa's campaign, with some questioning whether the attacks are really accomplishing his objectives. Lawmaker Jahiren Noriega Donoso stated that the war launched by Noboa is not a war against crime, but against the poorest among us.
#Ecuador #United States #anti-crime campaign
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Politics Apr 02, 2026

West Bank protests surge as Israel enacts death‑penalty law for Palestinian attackers

Palestinian communities across the West Bank and East Jerusalem staged a general strike and mass pr…
Shops, universities and public institutions across the occupied West Bank and East Jerusalem shuttered on Wednesday as Palestinians launched a coordinated strike to denounce a newly passed Israeli law that makes the death penalty the default sentence for Palestinians convicted of deadly attacks by military courts. Hundreds gathered in Ramallah, chanting against the legislation championed by far‑right National Security Minister Itamar Ben‑Gvir. Demonstrators brandished signs reading “Stop the law to execute prisoners, before it’s too late”, featuring a graphic of a prisoner in a keffiyeh beside a noose. Similar protests unfolded in Nablus, where participants warned that “time is running out,” and in Anata, northeast of Jerusalem’s Old City, where Israeli soldiers compelled striking shop owners to reopen their businesses. The strike was called by President Mahmoud Abbas’s Fatah party the previous day, reflecting widespread anger that “there isn’t a single person here without a brother, husband, son or neighbour in prison,” said 53‑year‑old psychologist Riman, who asked that her surname not be disclosed. The United Nations High Commissioner for Human Rights, Volker Turk, condemned the measure, stating that its application to residents of the occupied Palestinian territory would amount to a war crime. According to the AFP, more than 9,500 Palestinians are currently detained in Israeli prisons, including 350 children and 73 women. Human‑rights groups on both sides allege detainees suffer torture, starvation and medical neglect, contributing to dozens of deaths. The law, approved by the Knesset late on Monday, stipulates that Palestinians tried in military courts for “terrorism‑related” deadly attacks face capital punishment as the default outcome. Because Palestinians in the West Bank are automatically tried in military courts, the statute creates a separate, harsher legal track compared with Israeli civilians, who face either death or life imprisonment for comparable offenses. While the legislation is not retroactive, critics argue it entrenches a system of unequal justice. Social‑media posts showed tyres burning at the busy Qalandia checkpoint, a key entry point into Israel via Jerusalem. The Palestinian news agency WAFA reported that Israeli forces responded with rubber‑coated bullets, stun grenades and tear‑gas, though no injuries were confirmed. Violence in the West Bank has intensified since Israel’s war in Gaza began in October 2023, a conflict that has claimed over 72,000 lives. The latest law and the ensuing protests underscore the deepening legal and humanitarian rift between Israel and the occupied Palestinian territories.
#Israel #West Bank #Knesset
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News Apr 01, 2026

Iran's Drone Attacks Spark Fires in Kuwait, Bahrain, and Kill One in UAE

Iran's drone attacks have caused fires in Kuwait and Bahrain, and killed a man in the UAE, escalati…
Iran's aggressive actions have led to a series of incidents across the Gulf region. Kuwait's international airport was hit by drones from Iran, causing a large fire at its fuel tanks. The airport's spokesman, Abdullah al-Rajhi, confirmed that the attacks were 'brazen' and resulted in material damage but no human injuries.In Bahrain, a fire broke out at an undisclosed company facility due to Iranian aggression, with civil defence crews working to extinguish the blaze. The incident has heightened concerns about the stability of the region.The United Arab Emirates also reported a fatality, with shrapnel from a drone interception killing a Bangladeshi national on a farm in Fujairah city. Authorities are investigating the incident.These attacks are part of a broader conflict between Iran and a US-Israeli coalition. Iran has claimed to target US assets, but Gulf nations assert that Tehran's actions have targeted civilian infrastructure.The economic impact of the conflict is significant, with a UN report estimating that the Arab world's GDP could decline by 3.7 to 6 percent, equivalent to a contraction of $120bn to $194bn, after just one month of war.Diplomatic efforts to end the conflict have been complicated by contradictory statements from US President Donald Trump about the potential for a quick exit. Iran has dismissed a US ceasefire proposal as 'maximalist' and 'unreasonable', demanding compensation for damages and a permanent end to hostilities.
#iran #kuwait #bahrain
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