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World Economy Mar 27, 2026

UK Car Production Plummets 17% as Industry Warns of 'Worrying' Decline

UK car production fell 17% in February 2026 compared to the same period in 2025, with exports dropp…
UK car production experienced a significant decline in February 2026, with 17% fewer cars rolling off production lines compared to the same period in 2025. According to the Society of Motor Manufacturers and Traders (SMMT), this downturn is attributed to a sharp drop in exports, which fell by 12% overall.The industry is sounding the alarm, describing the situation as 'extremely worrying.' Mike Hawes, chief executive of the SMMT, emphasized that these figures pre-date the crisis in the Middle East, which is expected to further strain the sector. The ongoing conflict has led to soaring global energy prices, potentially denting consumer demand and exacerbating the decline.UK carmakers are facing challenges in key markets, including China, where demand has cratered due to the rise of domestically made competitors. Additionally, US tariffs imposed by Donald Trump have put pressure on UK manufacturers. Exports to the EU did see a 5% increase, but this was offset by a 34% decline in exports to the US and a 66% plunge in exports to China.The production of battery-electric, plug-in hybrid, and hybrid cars also experienced a decline, falling by 3% to 26,629 units. Despite this, these vehicles accounted for 40% of total output.The industry's current challenges stand in stark contrast to the UK government's ambitions, as outlined by Labour, to have 1.3 million vehicles manufactured annually by 2035. This target is nearly double the 764,715 cars and vans produced in 2025.The SMMT has warned that if the UK is not fully included in the EU's proposed 'Made in Europe' manufacturing rules, European sales could take a hit. The Japanese carmaker Nissan has threatened to close its Sunderland plant if these rules are introduced, citing potential damage to the £70 billion-a-year cross-channel trade.
#production #made #industry
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Politics Mar 27, 2026

Russia Accused of Supplying Drones to Iran Amid Escalating Middle East Conflict

European intelligence agencies believe Russia is preparing to supply drones to Iran for use in its …
European intelligence agencies have gathered evidence suggesting that Russia is on the verge of supplying drones to Iran for use in its ongoing conflict with the US and Israel. This development could significantly escalate tensions in the region.According to a senior European official, Russia has already been providing intelligence sharing with Tehran to help target US forces. The upcoming delivery of explosive-laden drones would be the first instance of lethal support from Russia to Iran since the start of the war.The official, who spoke on condition of anonymity, confirmed a report by the Financial Times that western intelligence found Russia was close to completing a phased shipment of drones, medicine, and food to Iran. Drone deliveries could be completed by the middle of next week.In response, Kremlin spokesperson Dmitry Peskov stated, “There are a lot of fakes going around right now. One thing is true – we are continuing our dialogue with the Iranian leadership.”Russia and Iran have signed a strategic partnership agreement and Moscow has sent over 13 tonnes of medicine to Iran through Azerbaijan. Moscow's growing involvement could expand and escalate the conflict, which has been criticized for its ill-defined objectives and resulting geopolitical and economic chaos.European foreign ministers have expressed concern over Russia's support for Iran, with German foreign minister Johann Wadephul accusing Russia of helping Iran identify potential strike targets. “Putin cynically hopes that the escalation in the Middle East will divert our attention from his crimes in Ukraine,” he said.
#Russia #Iran #drones
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Sports Mar 27, 2026

Canadian Star Ali Ahmed Aims to Lead Host Nation to World Cup Glory on Home Soil

Norwich City winger Ali Ahmed, who grew up in Toronto, is excited about playing in the upcoming Wor…
Ali Ahmed experienced goose bumps watching Canada walk out at the last World Cup, a surreal moment for the winger who had never witnessed his nation compete on football's biggest stage. This time around, he'll not only be at home but at the heart of the action in two cities that hold special significance for him.Jesse Marsch's Canadian side faces Qatar and Switzerland in Vancouver after an opener against a potential European playoff winner in Toronto. An encounter with Italy in Ahmed's hometown would carry particular weight, given the city's substantial Italian population and his parents' Ethiopian heritage with their love for Italian football. Football has been ingrained in his family since childhood, a passion that has guided his remarkable journey.On the outskirts of Toronto, a teenage Ahmed used to sneak onto Toronto FC's training pitches before dawn for kickabouts with friends. His persistence and determination eventually led him to professional football, though not through the conventional path. At 17, he turned down a Toronto FC academy spot to pursue opportunities in Portugal, Spain, and the Netherlands, facing numerous challenges along the way.Now at Norwich City since January, the 25-year-old has established himself as a key player on the left wing, contributing significantly to the team's improved form in the Championship. Ahmed started all seven Norwich matches during Ramadan, waking before 4am for Suhoor, the pre-dawn meal. His experience fasting during a crucial period of the English season has been a learning curve, though he's noted the exceptional support he's received in England.Ahmed candidly discusses his upbringing in Toronto's Lawrence Heights neighborhood, an area experiencing significant gun violence. Despite the challenges, he describes a close-knit community where people supported each other. Football provided an escape route, leading him to opportunities he never anticipated.His career has seen remarkable highs, including playing against Lionel Messi's Argentina at the Copa América and scoring in the MLS Cup final defeat to Inter Miami. After being knocked unconscious during a Canadian Championship match in 2023, Ahmed's determination only grew.As Canada prepares to host the World Cup, Ahmed sets ambitious goals: "I want to win our group. And then from there, into the knockout rounds. It's important to have that belief that we can play with anybody. Why not?" With home advantage in two cities that mean the world to him, Ahmed sees the perfect setup for both himself and the Canadian team.
#Ali Ahmed #Canada #World Cup
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Sports Mar 27, 2026

Everton to Offer David Moyes New Contract Amid Successful Revival

Everton plans to offer David Moyes a new contract following his successful transformation of the cl…
Everton Football Club is set to offer David Moyes a new contract this summer, recognizing his achievements in turning the team around from relegation threats to potential European qualification contenders. Moyes, who took over in January of last year, has led the team to eighth place in the Premier League, just three points shy of the Champions League qualification spots. Initially viewed as a short-term solution by Everton's owners, the Friedkin Group, Moyes has proven his worth, prompting the club to consider extending his two-and-a-half-year deal. The Friedkin Group, who completed their £400m takeover of Everton the previous month, are now convinced that Moyes is the right manager to lead the club forward. Moyes' potential new contract could also come with increased influence over player recruitment, similar to his first stint at Everton from 2002 to 2013. The 62-year-old manager has downplayed discussions about a new deal, stating, 'I'm not too worried about that, I'm fine.' Everton's improvement under Moyes is notable, especially considering his preference for working with more experienced players, such as Jack Grealish and Kiernan Dewsbury-Hall, who joined last summer. This strategy contrasts with younger players like Tyler Dibling, who has made limited appearances. A potential complication for Everton's European aspirations is the ownership situation, as the Friedkin Group also owns AS Roma, currently sixth in Serie A. UEFA regulations prevent clubs under the same ownership from competing in the same European competition. However, the Friedkin Group is confident in their compliance and has an alternative solution in place to ensure both clubs can participate if they qualify for the same competition.
#Everton #David Moyes #Premier League
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World Mar 27, 2026

Saudi Arabia Urges US to Intensify Attacks on Iran Amid Escalating Conflict

Saudi Arabia has urged the US to intensify its military campaign against Iran, according to a Saudi…
Saudi Arabia has urged the US to ramp up attacks on Iran, a Saudi intelligence source has confirmed, while it is weighing a decision on whether to join the fight directly. The Saudi source confirmed reporting that the kingdom’s de facto leader, Crown Prince Mohammed bin Salman, has urged Donald Trump not to cut short his war against Iran, and that the US-Israeli campaign represented a “historic opportunity” to remake the Middle East.The intelligence source said Riyadh was not just calling for the military campaign to be continued, but to be intensified. Trump appeared to confirm the report about the crown prince’s role, telling journalists on Tuesday: “Yeah, he’s a warrior. He’s fighting with us.”There are no reports of active Saudi military involvement in the nearly four-week-old war so far, but a Saudi political analyst said the kingdom was likely to take that step if current peace efforts led by Pakistan failed.“What matters now is Iran’s decision,” Mohammed Alhamed, a Saudi geopolitical analyst, said. “If Iran engages seriously, there is still a path to contain escalation. If it rejects the conditions and continues its attacks, the threshold for Saudi action will be crossed.”Alhamed added that Saudi Arabia “is not reacting impulsively”.“It is calibrating its response and preparing for a scenario where escalation, if it happens, will be deliberate and decisive,” he said, adding that Saudi Arabia “has not been pushing for war.”“It has been trying to avoid being drawn into it, while keeping all options on the table,” he said.Saudi Arabia has come under Iranian drone attack, as part of Tehran’s response to the US-Israeli attack on 28 February. One drone strike a week ago hit an oil refinery in Yanbu on Saudi Red Sea coast.The attack on Yanbu signalled an Iranian warning that it could also threaten that economic lifeline.“I believe that Saudi Arabia still maintains cautious neutrality in the Iran-Israel-US war,” Hesham Alghannam, a Saudi defence expert told Agence France-Presse. But he added: “If the Houthis strike Saudi assets, Riyadh may shift toward defensive coalition support or limited retaliation.”The crown prince solidified his hold on power by cultivating a close relationship with Trump, but will now have to rethink Saudi reliance on the US for its security, observers have argued.“MBS [Mohammed bin Salman] has lost the bet on all his investments over the last several years,” Ellie Geranmayeh, senior policy fellow at the European Council on Foreign Relations said. “He financially invested in Trump and Trump’s family and his corporation and his White House, but at the end of the day the views of the Saudis and of the whole Gulf have been sidelined by the wishes of Benjamin Netanyahu.”
#saudi #iran #arabia
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World Economy Mar 26, 2026

Europe on Brink of Energy Crisis: What's Driving the Risk?

Europe faces potential energy crisis due to supply concerns.
Europe is facing growing concerns about an impending energy crisis. Rising demand and supply chain disruptions have led to worries about the continent's ability to meet its energy needs. The situation has sparked fears of potential shortages and price hikes, which could have far-reaching impacts on the region's economy and households. As the situation continues to unfold, energy security has become a top priority for European policymakers, who are working to mitigate the risks and ensure a stable energy supply.
#europe #heading #energy
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Economy Mar 26, 2026

German Minister Warns of Global Economic Catastrophe as OECD Downgrades UK Growth

Germany's defense minister warns the Iran conflict poses a global economic catastrophe, while the O…
Fears of economic strain are mounting across Europe as the United States-Israel conflict with Iran approaches its one-month anniversary. German Defense Minister Boris Pistorius has described the situation as an economic 'catastrophe' for global economies, with impacts already becoming evident.Speaking during a meeting with Australian Defense Minister Richard Marles, Pistorius emphasized Germany's willingness to contribute to peace efforts. He stated that Germany is 'ready to secure any peace' and would discuss operations to secure freedom of navigation in the Strait of Hormuz if a ceasefire were implemented.The Organisation for Economic Co-operation and Development (OECD) has further exacerbated concerns by revising global growth projections. The international body cut its 2026 forecast for British economic growth by half a percentage point to just 0.7 percent, while downgrading the eurozone by 0.4 percentage points. In contrast, the US received a 0.3 percentage point upgrade to its growth forecast.Addressing reporters in Canberra, Pistorius criticized the lack of consultation with Germany before the commencement of hostilities. 'Nobody asked us before. It's not our war, and therefore we don't want to get sucked into that war,' he stated, adding that there is no clear strategy, objective, or exit plan from the conflict.The economic repercussions are particularly severe in energy markets. Natural gas prices in the European Union have surged by more than 30 percent since the conflict began, with prices spiking following Israel's attack on Iran's critical South Pars gasfield and subsequent Iranian retaliation against Qatar's Ras Laffan facility.European leaders are increasingly vocal about the economic dangers. European Commission President Ursula Von der Leyen has called for negotiations with Iran and an end to hostilities, while urging member states to accelerate preparations for meeting winter gas storage targets. Spanish Prime Minister Pedro Sanchez has described the situation as 'far worse' than the 2003 Iraq invasion, warning of broader and deeper potential impacts.The economic consequences extend beyond Europe, with the OECD noting that the global economy, previously on a path toward growth, has now veered from that trajectory. Planned fiscal tightening and higher energy prices are expected to keep growth subdued in the United Kingdom, though somewhat mitigated by lower policy rates anticipated for the following year.
#Boris Pistorius #Iran #OECD
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News Mar 26, 2026

UN Condemns Transatlantic Slavery as 'Gravest Crime Against Humanity', Paves Way for Reparations

The UN General Assembly has adopted a resolution recognizing transatlantic slavery as the 'gravest …
The United Nations has taken a significant step towards acknowledging the atrocities of transatlantic slavery, adopting a resolution that labels it as the 'gravest crime against humanity'. The resolution, proposed by Ghana, was passed with 123 countries in favor, 3 opposed, and 52 abstaining.The resolution is not legally binding but carries substantial political weight. It calls for reparations and urges member states to engage in dialogue on the issue, including issuing formal apologies, returning stolen artifacts, providing financial compensation, and ensuring guarantees of non-repetition.Ghana's President John Dramani Mahama, a key architect of the resolution, hailed its adoption as 'a route to healing and reparative justice'. The resolution's passage is seen as a crucial step towards addressing the ongoing impacts of slavery, which saw at least 12.5 million Africans abducted and sold between the 15th and 19th centuries.Despite the progress, there is growing backlash from Western leaders who oppose discussing reparations, arguing that today's states and institutions should not be held responsible for historical wrongs. The EU and the US expressed concerns that the resolution could imply a hierarchy among crimes against humanity.The Netherlands remains the only European country to have issued a formal apology for its role in slavery. The resolution comes after the African Union set out to create a 'unified vision' among its 55 member states about what reparations for slavery may look like.
#resolution #not #list
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World Mar 26, 2026

Israel Stands Alone: Overwhelming Domestic Support for Iran Conflict Amid Global Opposition

Despite significant human and economic costs, Israeli public support for the conflict with Iran rem…
Israel stands as the sole nation where overwhelming public support exists for the conflict with Iran, despite the profound impact on daily life. At least 15 people have been killed and hundreds injured by Iranian missiles since the war began in February, with school closures and missile warnings becoming routine. Polling indicates that more than 90% of Jewish Israelis back the war, a figure that sharply contrasts with international sentiment.The global perspective reveals a dramatically different picture. Nearly a month into the fighting, polling shows that 60% of the US public opposes the war with Iran, and just one in four Americans backed the initial strikes. In the Gulf, Europe and Asia, the conflict is widely unpopular as severe economic consequences begin to manifest.According to Emma Graham-Harrison, The Guardian's chief Middle East correspondent based in Jerusalem, many Jewish Israelis view themselves as under siege in a hostile world since the October 2023 massacre. This perception has led many to conclude that an aggressive security policy is the only way to ensure safety, regardless of international reaction.There's a prevailing sentiment in Israel that short-term suffering will lead to long-term security, despite security experts questioning whether Israel has a clear strategy to convert tactical achievements into lasting security. Life in Jerusalem remains restricted, with many working from home and limitations on businesses from cafes to gyms.The public support for the war has not translated into improved political fortunes for Prime Minister Benjamin Netanyahu, who currently lags in polls for the upcoming general elections. While there is majority support for Netanyahu's decision to launch the war and his handling of it, even among those who don't want to give him another term, his coalition faces challenges in securing enough seats to return him to power.Some Israeli supporters of the war worry that Netanyahu's push to attack Iran has jeopardized the country's crucial relationship with the United States. Historically, Israel's foreign policy has been based on bipartisan ties, but Netanyahu has effectively abandoned that approach to cultivate an extremely close relationship with Trump.Israel's isolation is becoming increasingly apparent as the conflict continues. Unlike historical precedents where Israel achieved security through negotiated agreements with Jordan and Egypt, the current approach emphasizes military power above diplomatic solutions. This isolation is reflected in the fact that Israel may be the only place in the world with broad support for this war, with populations in Lebanon and Iran experiencing the conflict as horrific.
#israel #war #you
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