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Economy Apr 17, 2026

IMF and World Bank Restore Ties with Venezuela Under Interim Leadership

The IMF and World Bank have announced the resumption of ties with Venezuela under interim leader De…
The International Monetary Fund (IMF) and the World Bank have announced the resumption of ties with Venezuela under the country's interim leader, Delcy Rodriguez. This move comes after a period of severed relations that began in 2019 due to international disputes over the legitimacy of Venezuela's leadership. The IMF and World Bank had cut ties with Caracas in 2019 amid a split in the international community over whether to support Nicolas Maduro or Juan Guaido as the country's rightful leader following disputed presidential elections. IMF Managing Director Kristalina Georgieva stated that the institution had resumed dealings with Venezuela under Rodriguez's administration, guided by the views of its members. This step is expected to ultimately benefit the Venezuelan people. The World Bank followed suit, announcing that it would re-engage with Venezuela based on the outcome of the IMF's decision-making process. The bank had last made a loan to Caracas in 2005. These announcements come several weeks after the United States President's administration lifted sanctions on Rodriguez, further conferring legitimacy on her leadership. Rodriguez welcomed the announcements, calling it a significant achievement for Venezuelan diplomacy. Venezuela has one of the highest debt burdens in the world, with total external liabilities estimated at more than $150bn. The resumption of ties with the IMF and World Bank clears the way for Venezuela to request financial assistance if necessary to shore up its finances. In 2020, the IMF had rejected Venezuela's request for an emergency loan of $5bn to help fund its response to the COVID-19 pandemic, citing the lack of international consensus on Maduro's legitimacy. Venezuela has been a member of the IMF and World Bank since 1946.
#IMF #World Bank #Venezuela
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News Apr 17, 2026

Hungary’s New Prime Minister Promises to End Russian Oil Imports by 2035 Despite Heavy Energy Reliance

Peter Magyar, Hungary’s newly elected leader, has pledged to phase out Russian oil imports by 2035,…
Hungary’s political landscape shifted dramatically last weekend when Peter Magyar secured a landslide victory, ending Viktor Orban’s 16‑year rule. Magyar, now head of the centre‑right Tisza party, has pledged to steer the nation back toward the European Union and to eliminate Russian oil imports by 2035. Under Orban, Hungary deepened its energy ties with Moscow, opposing EU sanctions and blocking military aid to Ukraine. The country became a key conduit for Russian oil and gas into the EU, largely via the Druzhba pipeline, which delivered up to 93% of Hungary’s crude by 2025, up from 61% in 2021, according to a 2026 Center for the Study of Democracy (CSD) report. Gas dependence is similarly stark: the CSD data show that roughly three‑quarters of Hungary’s annual gas imports come from Russia, amounting to an estimated €15.6 billion ($18.4 bn) since the invasion of Ukraine. Long‑term contracts with Gazprom and reliance on the TurkStream pipeline have locked Hungary into Moscow’s re‑engineered gas export system. Hungary’s nuclear sector also ties it to Russia. The Paks plant, which supplies 40‑50% of the nation’s electricity, is being expanded with financing from Russia’s state nuclear corporation Rosatom. The expansion would raise nuclear output to 60‑70%, reducing overall import needs but preserving a strategic link to Moscow. Magyar acknowledges the difficulty of a swift break. "The geographical position of neither Russia nor Hungary will change. Our energy exposure will also be here for a while," he told voters before the election. Yet he insists that ending dependence does not mean abandoning all contracts, emphasizing a need to balance existing obligations with a political shift away from Russia. Analysts note that diversification will be costly. Russian oil has been purchased at discounted rates due to Western sanctions, and alternatives—such as the Adria pipeline delivering non‑Russian crude to Hungarian refiner MOL—are more expensive. A 2025 joint study by CSD and the Center for Research on Energy and Clean Air suggests the Adria route could help, but price differentials remain a barrier. The EU has set a binding deadline to phase out Russian oil and gas by late 2027. Magyar’s 2035 target therefore exceeds the bloc’s timetable, raising questions about Hungary’s compliance and its future relations with Brussels. European Council on Foreign Relations senior fellow Pawel Zerka warns that Hungary lacks easy substitutes, especially given global supply disruptions like the Strait of Hormuz closure, which has halted 20% of world oil and LNG shipments. Domestically, public sentiment appears hostile to Russia; a recent ECFR poll shows a majority of Tisza voters view Moscow as an adversary. This political pressure limits Magyar’s ability to maintain cordial ties with President Vladimir Putin while pursuing energy security. In summary, Hungary faces a complex transition: it must untangle decades of energy interdependence, manage higher costs for alternative supplies, and align its timeline with EU mandates—all while navigating domestic expectations and regional geopolitical tensions.
#hungary #russia #gazprom
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Sports Apr 17, 2026

Arteta urges Arsenal to treat Manchester City showdown as privilege, not pressure, ahead of title‑deciding clash

Mikel Arteta reminds Arsenal that their upcoming match at Manchester City’s Etihad is a rare privil…
Arsenal manager Mikel Arteta has called on his side to view the forthcoming clash with Manchester City as a "huge privilege" rather than a source of pressure, stressing the importance of character in what could be a title‑defining encounter. The Gunners currently enjoy a six‑point lead over Pep Guardiola’s City ahead of the Sunday showdown at the Etihad Stadium, but City hold a game in hand that could swing the balance in their favour during the season’s final weeks. Recent form adds drama: Arsenal have dropped three of their last five matches across all competitions, including a League Cup final defeat to City, a shock FA Cup quarter‑final loss to second‑tier Southampton, and a home league loss to Bournemouth. In Europe, Arsenal scraped past Sporting Lisbon, drawing 0‑0 to clinch a 1‑0 aggregate win in the Champions League quarter‑finals, yet their domestic performances have been below the standards expected of a title challenger. Addressing criticism of the squad’s mental resilience, Arteta told reporters, "We have earned the right to be in this position and to be challenging, with an opportunity to win against arguably the best team and best manager this league has ever seen. That is a huge privilege." He added, "Who is more privileged to be in this position? I feel very privileged to have earned the right to play such a big and great game." Arsenal are chasing their first English league title since 2004 after finishing runners‑up for three consecutive seasons. In both 2023 and 2024, they squandered substantial leads, allowing City to overtake them. Artura believes a victory at the Etihad would place Arsenal in a "virtually unassailable" position. "Winning at this stage brings us a bit closer," he said, noting there are six games remaining and the match is "really important for both teams." Reflecting on the recent League Cup loss, Arteta urged his players to channel that pain into motivation: "The pain we felt afterwards, we need to use the right way on Sunday. Learn from that game and the things we want to change for the next one." He also dismissed rumors of a motivational fire‑lighting stunt at the training ground, explaining that the club employs varied themes to prepare for each match, with the players' own initiative being the most valued. Statistically, Arsenal have failed to win any of their last ten league visits to the Etihad, losing seven of those encounters—a barren run that stretches back to 2015. When asked whether he might advise his side to settle for a draw to protect their six‑point cushion, Arteta was unequivocal: "We prepare every game to win, that is why we are where we are, and we are going to continue to do the same."
#city #arsenal #league
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Politics Apr 17, 2026

Russia Warns Europe Over Ukraine's Long-Range Strikes on Oil Infrastructure

Ukraine's recent long-range strikes on Russian oil and gas infrastructure have prompted Russia to i…
Ukraine has significantly damaged or destroyed a substantial amount of Russian oil and gas infrastructure over the past two weeks. This has led Russia to warn European countries and industries about funding Ukraine's long-range drone production, citing a potential escalation of the military and political situation in Europe. Russia's defence ministry stated that European leaders' decisions to support Ukraine's drone production are 'deliberate steps leading to a sharp escalation of the military and political situation on the entire European continent.' The ministry also warned of 'unpredictable consequences' and accused European leaders of 'dragging their countries into a war with Russia.' The warning came after Ukraine secured new agreements with European defence companies this week. Notably, Germany agreed to invest 300 million euros ($355m) in Ukraine's long-range strike capability and will separately invest in 5,000 mid-range attack drones. Norway also signed an agreement with Ukraine for joint drone production and donated 560 million euros ($661.5m) to support Ukrainian front lines. Ukraine's strikes have targeted various Russian oil infrastructure, including drilling platforms, pipelines, pumping stations, offloading terminals, and refineries. These strikes have been confirmed by geolocated video footage or Russian officials. In the past week alone, Ukraine struck two drilling platforms in the northern Caspian Sea, two oil pumping stations, an oil depot, an ammonia plant, a petrochemical plant, and an oil export terminal and refinery. Russia has missed out on $23bn windfall profit in March due to Ukraine's strikes, which have destroyed its ability to export at least 2 million barrels of oil a day. The strikes have hit a range of targets, causing significant financial losses for Russia. Ukrainian President Volodymyr Zelenskyy justified the attacks, stating that 'only significant financial losses force Russia to consider a scenario of abandoning this war.' The situation highlights the ongoing conflict between Ukraine and Russia, with European countries playing a crucial role in supporting Ukraine's military capabilities.
#Russia #Ukraine #European Union
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Politics Apr 17, 2026

Beirut Celebrates 10-Day Israel-Lebanon Ceasefire as Trump Signals Near-Term Iran Deal

A ten‑day ceasefire between Israel and Hezbollah has sparked public celebrations in Lebanon, while …
Lebanese citizens took to the streets to celebrate the launch of a 10‑day ceasefire between Israel and Hezbollah, a move aimed at opening negotiations for a lasting security and peace arrangement, according to the U.S. State Department.The ceasefire, announced to facilitate dialogue between Israeli and Lebanese officials, has been welcomed as a hopeful step toward stabilizing a volatile border region that has seen repeated hostilities.In a separate development, U.S. President Donald Trump reiterated that a deal to end the war with Iran is "very close," suggesting that diplomatic talks could resume in Pakistan’s capital, Islamabad, as early as the upcoming weekend.Trump’s statement follows recent political turbulence in Washington, where the House of Representatives voted down an effort to limit the president’s authority to engage in a war against Iran.Both the ceasefire and the prospective Iran negotiations underscore a broader push by the United States to de‑escalate tensions across the Middle East, offering a potential shift in regional dynamics.
#Israel #Hezbollah #Donald Trump
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Politics Apr 17, 2026

Israel and Lebanon Agree to 10-Day Ceasefire Brokered by US

US President Donald Trump announces a 10-day ceasefire between Israel and Lebanon, effective at 5pm…
US President Donald Trump has announced that Israel and Lebanon have agreed to a 10-day ceasefire, which will take effect at 5pm US East Coast time (21:00 GMT) on Thursday. The truce was brokered after Trump spoke with Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun.The ceasefire is seen as a significant development in the conflict between Israel and Lebanon, which was drawn into the US-Israeli war on Iran on March 2 when Hezbollah, the Iran-aligned Lebanese armed group, fired rockets at Israel. The conflict has resulted in over 2,196 deaths in Lebanon and thousands more wounded.Lebanese Prime Minister Nawaf Salam welcomed the announcement, describing the ceasefire as "a central Lebanese demand we have pursued since the first day of the war". Netanyahu confirmed he had agreed to the truce, which he said presented his country with an opportunity for a "historic deal" with Beirut.The US State Department said that Israel would retain the right under the agreement to carry out strikes in Lebanon in self-defence "at any time". The ceasefire could be extended by mutual consent. Trump later said the Lebanese government would begin working with Hezbollah to achieve the goal of dismantling the group.The ceasefire follows an intense week of diplomacy, including direct talks between Lebanese and Israeli envoys in Washington, DC, hosted by US Secretary of State Marco Rubio. Trump said he would invite Netanyahu and Aoun to direct talks, believing "that will happen quickly".
#Israel #Lebanon #Donald Trump
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News Apr 17, 2026

Pakistan Leads Diplomatic Surge as US‑Iran Talks Stall and Ceasefire Nears Expiry

Pakistan confirmed that the United States and Iran are still negotiating a second round of talks to…
Pakistan’s Foreign Ministry confirmed on Thursday that the United States and Iran are still negotiating a second round of talks—held through Islamabad—to end their nearly seven‑week conflict, even though no date has been fixed for the meeting.The ceasefire, brokered by Pakistan on April 8, is set to expire on April 22, and officials warn it is under increasing strain as a U.S. naval blockade continues to turn away Iranian‑linked vessels in the Strait of Hormuz.Prime Minister Shehbaz Sharif is conducting a regional tour that began in Jeddah, moved to Doha, and will continue to Antalya, where he will attend the Antalya Diplomacy Forum on April 17 alongside Saudi, Turkish and possibly Egyptian counterparts.Simultaneously, Chief of Defence Forces Asim Munir arrived in Tehran with a delegation that includes Interior Minister Mohsin Naqvi. He was welcomed by Iranian Foreign Minister Abbas Araghchi, who praised Pakistan’s “gracious hosting of dialogue.”Foreign Ministry spokesperson Tahir Andrabi emphasized that the details of the upcoming talks remain confidential and that Pakistan’s role is to keep the process alive, stating, “We have the details and information of the talks entrusted to us by the negotiating parties.”Analyst Muhammad Faisal described Islamabad’s approach as a dual‑track strategy: Sharif is building a broader Gulf coalition, while Munir is engaged in hard negotiations aimed at narrowing gaps between Washington and Tehran and extending the ceasefire.Iran has insisted that any agreement must include Lebanon, citing the ongoing Israeli strikes that have killed over 2,000 people and displaced 1.2 million. The United States, however, maintains that a Lebanon settlement must remain separate from the US‑Iran talks.U.S. Secretary of State Marco Rubio recently mediated a trilateral meeting in Washington with Israeli and Lebanese ambassadors, but no ceasefire or follow‑up was secured.Both sides appear cautiously optimistic. White House press secretary Karoline Leavitt said further talks are “very likely” to take place in Islamabad, while Iran’s spokesperson Esmaeil Baghaei noted multiple messages exchanged with Washington since April 12.President Donald Trump indicated that talks could resume within two days and expressed a greater willingness to travel to Pakistan for negotiations.Strategic analysts warn that the Strait of Hormuz blockage—which restricts roughly one‑fifth of global oil shipments—remains a pivotal issue. Opening the waterway is seen as essential to easing upward pressure on oil prices and restoring confidence in global markets.Should the second round of talks fail, Pakistan’s role may shift from mediator to crisis manager, focusing again on brokering a ceasefire if hostilities resume.
#pakistan #iran #ceasefire
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Tv And Radio Apr 17, 2026

Top Seven Must‑Watch Series to Stream This Week – From BBC iPlayer to Disney+

Guardian’s weekly roundup spotlights seven standout series – including BBC iPlayer’s Half Man, Netf…
Guardian’s weekly pick showcases seven standout series available to stream from 21 April to 24 April 2026, ranging from gritty dramas on BBC iPlayer to a nature documentary on Disney+.Half Man – Richard Gadd’s first television drama since Baby Reindeer lands on BBC iPlayer on Friday 24 April. The two‑timeline story follows brothers Ruben (Jamie Bell) and Niall (Gadd) as they navigate a volatile, tender relationship in a hostile school environment. Young Niall is portrayed by Mitchell Robertson, while Stuart Campbell plays an aggressive Ruben, delivering a raw look at adolescent trauma.Unchosen – Netflix releases this unsettling thriller on Tuesday 21 April. Molly Windsor stars as Rosie, a woman trapped in a cult‑like household run by Christopher Eccleston’s domineering Mr Phillips. When the enigmatic Sam (Fra Fee) arrives, Rosie’s instincts clash with the patriarchal control, while her husband Adam (Asa Butterfield) adds further tension.Ramy Youssef: In Love – The third HBO Max special drops on Saturday 18 April. Youssef blends sharp cultural commentary with humor, tackling topics from Saudi‑Arabia comedy festivals to AI‑generated porn and modern masculinity, all while maintaining his signature wit.Criminal Record – Returning to Apple TV on Wednesday 22 April, the thriller reunites detectives June Lenker (Cush Jumbo) and Daniel Hegarty (Peter Capaldi). The duo confronts a far‑right threat at an Islamist rally, with Lenker’s investigation colliding with internal police resistance.Orangutan – Disney+ streams this Borneo‑and‑Sumatra documentary on Wednesday 22 April. Narrated by Josh Gad, the film follows young primate Indah through dense jungle hazards, offering intimate wildlife footage that challenges the high bar set by David Attenborough.Running Point – (Details omitted due to truncation) continues the week’s eclectic mix of streaming options, rounding out a diverse slate that caters to drama lovers, comedy fans, and nature enthusiasts alike.
#but #his #april
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Music Apr 17, 2026

Prince’s 10‑Year Death Anniversary: Friends Recall His Musical Genius and Personal Legacy

On the tenth anniversary of Prince’s death, close friends and collaborators—including George Clinto…
Ten years after Prince’s death, friends and collaborators such as George Clinton, Apollonia Kotero and drummer Charles “Chazz” Smith share personal memories that illuminate his musical brilliance and private life.George Clinton, the legendary leader of Parliament‑Funkadelic, remembers meeting the 19‑year‑old Prince in 1977 and immediately recognizing a talent “a new version of Sly Stone.” Clinton praised Prince’s ability to master guitar, keyboards, bass and drums, noting his “arranging genius” inherited from his pianist father and his dance flair “like James Brown.” Clinton also recalled how Prince later signed him to Paisley Park Records and inducted him into the Rock and Roll Hall of Fame, cementing a friendship that survived countless late‑night studio sessions.Apollonia Kotero, actress and singer who starred alongside Prince in the 1984 film Purple Rain, describes a bond that spanned 33 years. She recounts the grueling shoot—jumping into a freezing lake, suffering hypothermia, and Prince’s frantic plea, “Please don’t die, Apple. I love you.” Their relationship, she says, was “family, not romance,” and Prince’s protective nature shone when he cared for her during illness. Kotero also recalls a surreal moment when Prince hummed the opening melody of “When Doves Cry” into her answerphone, urging her “Don’t erase this!” as a reminder of his creative process.Beyond the studio, Kotero notes Prince’s voracious appetite for literature and politics, his 3 a.m. visits that turned into midnight drives across Hollywood, and his habit of showing her walls plastered with fan mail—a testament to his deep connection with his audience.Charles “Chazz” Smith, Prince’s cousin and original drummer in the early band Grand Central, paints a picture of Prince’s childhood obsession with music. After a spontaneous Sly and the Family Stone concert in Minneapolis, Prince declared, “We’re gonna form a band, and you’re gonna be the drummer.” Within weeks, a newly gifted guitar allowed him to replicate Santana’s “Black Magic Woman” note for note, signalling the start of an insatiable drive to master every genre—from rock to funk to ballads.In the final months of his life, Prince’s friends observed a shift. He reclaimed the rights to his catalog in 2014, began repaying debts, and expressed grief over the death of Vanity, his longtime muse. Smith recalls a poignant encounter six weeks before Prince’s passing: after a brief hug, they exchanged the words “I love you,” marking the last conversation they ever shared.These testimonies collectively reveal a portrait of Prince that goes beyond his public persona: a relentless virtuoso, a compassionate confidant, and an artist whose influence continues to reverberate a decade after his untimely death.
#his #prince #but
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