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The US stock market closed on Friday with a significant selloff, sending the Dow into correction territory and marking the fifth consecutive week of declines. The Dow fell 800 points, while the Nasdaq index dropped another 2% and the S&P; 500 closed 1.6% lower.Oil prices continued to rise, with Brent crude surging past $110 a barrel. Despite Donald Trump's announcement of extending a pause on Iranian energy strikes, markets remained on edge. Trump has suggested that oil prices and the stock market will stabilize once the conflict ends, but it's unclear if markets will believe him.Consumer sentiment in the US has also declined, with a 6% drop in March, according to a University of Michigan survey. This decline was observed across all age groups, political parties, and income levels. Inflation expectations rose from 3.4% to 3.8%, the largest one-month increase since last April.The Organization for Economic Cooperation and Development (OECD) revised its global GDP growth projections downward, citing the Iran conflict as a significant source of uncertainty. The report warned of higher global inflation due to the spike in energy prices and noted that the Middle East conflict would disproportionately affect the UK's economy.

The introduction of a commemorative gold coin featuring Donald Trump's image has sparked controversy, with many questioning the decision to put his face on a US coin. The coin, worth $1, depicts Trump sitting at the Resolute Desk in the Oval Office, a classic pose designed to make him appear intimidating. The Commission of Fine Arts recommended that the coin be 'as large as possible', which has raised eyebrows among critics. The article's author, Dave Schilling, argues that this decision is a reflection of Trump's ego and desire for attention. Schilling suggests that the coin's design could have been more creative and meaningful, paying tribute to Trump's legacy in a more nuanced way. American coins typically feature the faces of prominent individuals, such as Lincoln and Franklin Roosevelt. However, the reverse side of the coin often features symbols of American history and culture, such as the Liberty Bell or a buffalo. Schilling argues that the Trump coin's design could have followed this tradition, rather than featuring a generic bald eagle on the reverse side. Schilling proposes alternative designs that could have been used for the coin, such as: The Trump Tower in Manhattan, which was a seminal purchase for Trump and cemented his reputation as a shrewd businessman. The Central Park Five advertisement, which Trump took out in four separate New York City newspapers, although this would have been a more contentious choice. The Apprentice, Trump's popular NBC reality show that helped him become a household name. Ultimately, Schilling suggests that the defining image of Trump's presidency should be the bank statement of the average American citizen, reflecting the economic challenges faced by many during his term in office, including stagnant job growth, rising inflation, and high energy costs.

The recent developments in the conflict between the US and Iran have left global markets reeling. President Donald Trump's threat to attack Iran's civilian power infrastructure led to a surge in oil prices, a plummet in stock futures, and a climb in bond yields. However, the president quickly walked back his statement, announcing that talks with Iran were going well. This move, dubbed 'Taco' (Trump Always Chickens Out), was first seen during the tariffs crisis last year. The immediate market reaction was significant, with bonds and stocks recovering rapidly after Trump's statement. The S&P; 500 stock index jumped 1.5% by 9:30 am in New York, defying earlier futures contracts that signaled a 1% daily decline. However, Iran's response has shown that Trump's tactic may be losing steam. Iranian officials denied the 'productive conversations' Trump claimed had taken place, and launched missile attacks on Israel, Iraq, and other American allies in the Gulf. This has led to renewed market volatility, with oil prices rebounding and stocks giving up their gains. The article suggests that Trump no longer has control of events in Iran and that the conflict's outcome will likely be decided by Tehran. The Iranian regime has little incentive to back down, having already suffered significant losses but still capable of imposing enormous costs on the world by throttling the Strait of Hormuz and depriving the global economy of 12.5 million barrels of oil and 11.5 billion cubic feet of gas per day. As markets continue to react to the situation, it appears that Trump's 'Persian Tacos' may not be enough to calm investor nerves. The S&P; index lost 1.78% on Thursday, closing at a new low for the year, and the price of Brent crude hovered around $108.

Tamerlano, a 1724 opera by Handel, has been reimagined in a modern production at the London Handel Festival. The story revolves around the despotic emperor Tamerlano, who has brought the stubborn Bajazet to his court in chains. Tamerlano's infatuation with Bajazet's daughter Asteria leads him to offer his betrothed, Irene, to the Greek prince Andronico. However, both Bajazet and Andronico threaten to end it all, while Asteria plots to assassinate Tamerlano.In an attempt to make the opera more accessible, director Orpha Phelan has aligned each character with a recognizable famous figure. Tamerlano is reimagined as Donald Trump, Andronico as Alexander the Great, and Irene as Elizabeth Bennet or a Bridgerton escapee. The production is billed as 'Social Experiment 2', manipulated by Andronico's friend Leone, played as Sigmund Freud.Despite the modern twist, the opera's musical standards are high, led by Laurence Cummings and the excellent Academy of Ancient Music. The cast, including Benjamin Hulett as Bajazet, Nardus Williams as Asteria, and Kitty Whately as Irene, copes admirably with Phelan's concept. However, James Laing's portrayal of Tamerlano is somewhat overwhelmed by excessive fidgety business, including eating Big Macs and doing the Trump dance.The production runs at Shoreditch Town Hall, London, until 28 March. Despite some reservations, the opera's vital element of danger is somewhat lost in the buffoonery. Nevertheless, it remains a fine cast and a resourceful set by Madeleine Boyd.

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.”

Former US President Donald Trump has made a striking statement about Iran, characterizing its fighters as 'lousy' while acknowledging them as 'great negotiators'. This mixed assessment came in a recent public statement, reflecting Trump's distinctive approach to international relations and diplomacy.The comment underscores the complex dynamics between the United States and Iran, particularly during Trump's presidency. Trump's remarks often sparked controversy and debate, and this latest statement is no exception. By highlighting Iran's negotiation skills, Trump may be suggesting a potential avenue for future diplomatic engagement, despite his critical view of their military capabilities.The relationship between the US and Iran has been marked by periods of heightened tension, particularly over issues such as nuclear agreements and regional influence. Trump's comments add to the ongoing discourse about how to approach diplomatic relations with Iran, reflecting broader themes in international relations about the balance between military strength and negotiation.

The International Olympic Committee (IOC) has announced a new eligibility policy for female category events at the Olympics, excluding transgender women athletes from competing in women's sports. This decision aligns with US President Donald Trump's executive order on sports, which aims to keep biological males out of women's sports.The IOC's policy, set to take effect at the 2028 Los Angeles Olympics, requires a mandatory gene test once in an athlete's career to determine eligibility. The test screens for the SRY gene, typically found on the Y chromosome, which initiates male sex development.According to the IOC, biological males have a performance advantage of 10-12% in most running and swimming events, and at least 20% in most throwing and jumping events. This advantage can be greater than 100% in explosive power events, such as punching sports.The policy change has been met with criticism from human rights experts and activist groups, who argue that the mandatory gender screening is invasive and discriminatory. The IOC has stated that the policy aims to protect "fairness, safety, and integrity in the female category."Caster Semenya, a two-time Olympic champion runner from South Africa, has been a prominent figure in the debate over female eligibility. The IOC's policy document details its research on the physical advantages retained by biological males, which it believes are retained even after transitioning.The US Olympic body has updated its guidance to national sports bodies, citing an obligation to comply with the White House's executive order. President Trump signed the order in February 2023, pledging to deny visas to athletes attempting to compete at the LA Olympics if they do not comply with the new rules.

US President Donald Trump has stated that Iran's leaders are desperate to reach a deal with the United States, saying, 'They are begging to make a deal, not me.' He added that he is unsure if the US is willing to negotiate. This development comes as tensions escalate following an Israeli air strike reportedly targeting and killing Alireza Tangsiri, the commander of the Islamic Revolutionary Guard Corps navy.The situation between Iran and the US remains volatile, with Tehran criticizing Washington's plan as 'one-sided and unfair'. The US and Israel have confirmed the strike, but Iran has yet to officially verify the incident. This exchange highlights the continuing strain in international relations between these key global players.

Former US President Donald Trump has stated that Iranian leaders are eager for a deal, but are hesitant due to fear of US retaliation. Trump's comments come amid ongoing tensions between the US and Iran. The Iranian government has been seeking a new agreement, but fears of potential US sanctions and military action have complicated negotiations.The situation remains complex, with Iranian leaders walking a tightrope between economic needs and geopolitical risks. Trump's remarks highlight the deep-seated concerns and mistrust that continue to characterize US-Iran relations.