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In an internal email circulated on Tuesday, Disney’s newly appointed CEO Josh D’Amaro disclosed plans to cut about 1,000 jobs as part of a broader effort to streamline the conglomerate’s operations.The reductions will primarily affect the recently restructured marketing division and extend to several other segments, including the studio and television arms, ESPN, product and technology teams, as well as select corporate functions.D’Amaro emphasized the need for a “more agile and technologically‑enabled workforce” to keep pace with the rapid evolution of the entertainment landscape, noting that the cuts are essential to meet future demands.These layoffs come as Disney, like many of its Hollywood peers, confronts a challenging economic backdrop characterized by a weakening television market, declining box‑office receipts, and intensified competition from rivals such as Warner Bros. Discovery and Paramount‑Skydance.The company’s most extensive workforce reduction occurred in 2023, when it announced a cut of 7,000 positions to achieve roughly $5.5 billion in cost savings, a move spurred by pressure from activist investor Nelson Peltz to improve financial performance and curb streaming losses.According to Disney’s latest fiscal data, the firm employed approximately 231,000 people as of September, the close of its fiscal year. The Wall Street Journal first reported the current round of job cuts.

Andoni Iraola has formally notified AFC Bournemouth that he will step down when his contract runs out at the close of the 2025‑26 campaign. The 43‑year‑old manager is expected to explore other Premier League opportunities over the summer.While a move back to his boyhood club Athletic Bilbao remains a possibility, the club’s preferred candidate to replace Ernesto Valverde appears to be former Borussia Dortmund boss Edin Terzic.At Bournemouth, the race to replace Iraola is already heating up. Marco Rose, who succeeded Terzic at Dortmund and most recently managed RB Leipzig, is widely tipped as the leading candidate. Kieran McKenna of Ipswich Town, despite being under contract until 2028, is also generating interest.Players were informed of Iraola’s impending exit after a Tuesday training session, ending months of speculation that kept his staff in the dark. The manager maintained regular contact with director of football Tiago Pinto and technical director Simon Francis throughout the 15‑month negotiation period.In a club‑issued statement, Iraola said, "I feel this is the right moment for me to step away, but I will always carry fantastic memories of this club." Bill Foley, Bournemouth’s owner and chair, praised Iraola’s impact, noting he brought “intensity, innovation, and a clear philosophy that elevated AFC Bournemouth both on and off the pitch.”Despite a recent victory over Arsenal and a push for the club’s best Premier League finish, Bournemouth accepted that retaining Iraola was unlikely. The board is now accelerating the search for a successor, with a new appointment expected within the next fortnight.Iraola’s tenure has been marked by historic achievements: last season he guided Bournemouth to a record points total, matching the ninth‑place finish recorded by Eddie Howe in 2016‑17. He also oversaw the sale of key players – Dean Huijsen, Illia Zabarnyi, Milos Kerkez, Dango Ouattara, and Antoine Semenyo – for a combined fee exceeding £250 million, demonstrating his ability to balance on‑field success with financial prudence.A former Athletic Bilbao full‑back with 510 appearances, Iraola has long expressed affection for the Basque side, though he has hinted he would prefer to preserve his legacy after a 12‑year playing career there.Crystal Palace publicly lauded Iraola after confirming manager Oliver Glasner’s departure, but most analysts agree the former will attract interest from larger clubs.Earlier this season, Iraola hinted to the Guardian that the campaign could be his last at Bournemouth, saying, "Sometimes there is a moment after some seasons where you feel maybe the message does not go the same way to the players."Bournemouth’s next fixture is against Newcastle United at St James’ Park, where manager Eddie Howe has yet to defeat his former club.

United Airlines CEO Scott Kirby reportedly pitched a merger with American Airlines to US President Donald Trump in late February, according to sources. This potential deal would combine the world's two largest carriers by available capacity, significantly impacting the global air travel industry.The proposed merger would be the largest consolidation move in the airline industry in at least a decade, combining the 'big four' US carriers – United, American, Delta, and Southwest – into the 'big three'. Collectively, these airlines already control 74% of passenger capacity in the US market.Shares in United rose 3.9% and American climbed 9.3% during early trading in New York on Tuesday following the report. However, critics warn that the deal would likely face intense opposition from unions, rival airlines, lawmakers, and airports due to concerns around overlapping routes and job losses.Experts also caution that a merger would have a detrimental impact on passengers, leading to fewer choices, higher ticket prices, and more fees. Ganesh Sitaraman, director of the Vanderbilt Policy Accelerator, described the potential merger as 'an absolute disaster for the flying public'.William McGee, a senior fellow for aviation and travel at the American Economic Liberties Project, called the proposed deal 'undoubtedly the most absurd airline merger I've ever heard about'. He emphasized that a single US carrier controlling nearly 40% of the market would be unprecedented and harmful to consumers.Despite these concerns, some stakeholders, such as Capt. Dennis Tajer, spokesperson for the Allied Pilots Association, approached the report with an open mind, highlighting American Airlines' financial and operational challenges under current management.

On O’Connell Street, a lime‑green CLAAS tractor arrived with a 19‑year‑old driver named Dylan, who explained that his convoy was the second to join a city‑wide fuel blockade that halted traffic for nearly a week. The protest, organized by farmers, hauliers and fishermen, highlighted the impact of a 60% increase in fuel duties and taxes on everyday Irish life. Dylan warned that the surge in fuel costs would eventually ripple through food prices, threatening household budgets across the nation. He and his companions, two teenagers, had endured cold nights inside the tractor, underscoring the desperation felt by many workers. The unrest, described by the Irish president as an "illegal war on Iran," has laid bare Ireland’s dependence on fossil fuels and the lack of a coherent transition strategy toward renewable energy. During six days of action, protestors blocked motorways, ports, the country’s sole oil refinery in County Cork, and fuel depots in Limerick and Galway. By the end of the week, petrol stations began to run low, prompting the justice minister to consider deploying the army. Yet on the streets, public sentiment was largely supportive; a recent poll indicated that 56% of respondents backed the demonstrators. Historical symbolism filled the scene: tractors flew the Irish tricolour beside buildings still scarred by the 1916 Easter Rising, while a lorry bore a painted coffin with the words "RIP Ireland" and a banner reading "Easter 2026". Critics on national radio questioned the tactics, citing concerns for vulnerable patients unable to reach medical appointments. Nonetheless, the direct‑action approach succeeded in drawing international attention and pressuring the government. When mounted police units arrived on Sunday morning, the convoy withdrew peacefully. Shortly thereafter, the coalition of Fianna Fáil and Fine Gael announced a €500 million concession package, augmenting an earlier €250 million relief plan with cuts to excise duty and a postponement of the next carbon‑tax increase. Despite the financial concessions, a looming no‑confidence vote appears unlikely to topple the centre‑right coalition, even as public trust in traditional parties wanes. Dylan, too young to have voted in the last election, expressed little confidence in the political establishment. The protests have also been infiltrated by far‑right elements, with some speakers promoting anti‑immigrant conspiracies and misogynistic rhetoric. One spokesperson was found to have prior convictions for animal cruelty, and the Muslim Sisters of Éire reported being told to "go home" by flag‑waving agitators, highlighting a surge in xenophobic discourse. Beyond the immediate fuel price surge—up roughly 20% in a single month—the demonstrations raise broader questions about Ireland’s reliance on volatile global markets. The nation imports over 80% of its fruit and vegetables, while its data‑centre sector now consumes more electricity than all urban households combined, underscoring the tension between economic growth and sustainable energy policy. Analysts argue that lasting change cannot be achieved by pushing working people to the brink while catering to corporate interests. Ireland is expected to lobby the EU for a pause on carbon‑tax increases and to join calls for an EU‑wide tax on oil and gas profits, similar to measures advocated by Spain. In sum, the Dublin fuel blockade has forced the government to concede significant fiscal relief, exposed deep structural vulnerabilities in Ireland’s energy and food supply chains, and sparked a contentious debate over the role of grassroots protest, social cohesion, and climate justice.

Kevin Warsh, the former Federal Reserve governor chosen by Donald Trump to lead the central bank, has submitted financial disclosures indicating he holds assets worth well over $100m. This disclosure is a required step for his nomination to advance through the Senate.The document, filed with the US Office of Government Ethics, reveals that Warsh has significant investments, including two worth more than $50m each in the Juggernaut Fund LP and $10.2m in consulting fees from Stanley Druckenmiller's investment office. He has also pledged to divest certain assets if confirmed.Warsh's holdings include around two dozen investments in THSDFS LLC, some valued as high as $5m, as well as assets in artificial intelligence and crypto sectors. His spouse, Jane Lauder, whose family has interests in the Estée Lauder cosmetics company, also had holdings disclosed.The filing is a key step in Warsh's expected confirmation to succeed Jerome Powell as Fed chair, though the timing remains uncertain. A Senate banking committee hearing has yet to be scheduled, and Republican lawmakers have vowed to block his confirmation until a Department of Justice investigation into Powell is concluded.

Jamie Dimon, the CEO of JP Morgan, has stated that a potential downturn in the $3tn private credit market would not pose a significant threat to the stability of major banks. According to Dimon, while there are areas of weakness in the unregulated private credit industry, it does not present a 'systemic' risk to the financial system.Dimon made these comments during an earnings call on Tuesday, where he also noted that the actual credit quality had not deteriorated significantly, with only 'pockets' of weakness. He emphasized that very large losses in private credit would be needed before major banks were affected.The private credit market has faced growing concerns over potentially risky loans arranged by firms that lend to companies using investor money, outside the traditional regulated banking system. This has led to a multibillion-pound surge in withdrawals from some private credit funds, such as Blue Owl, which have had to cap the amount of money clients can withdraw.Despite these concerns, Dimon expressed that he is 'not particularly worried' about the impact on major banks. JP Morgan reported a 13% jump in first-quarter profits to $16.5bn, with revenues rising 10% to $49.8bn.

The International Monetary Fund has announced that the United Kingdom will grow 0.5 percentage points slower this year than it forecast in January, marking the steepest downgrade among the G7 economies. Against the backdrop of the escalating Iran war, the IMF warned that inflation is climbing toward 4% and that unemployment could hit its highest level in more than ten years, underscoring the widening economic strain on Britain. Labour Chancellor Rachel Reeves is set to attend the IMF and World Bank spring meetings in Washington, where she must navigate both the geopolitical fallout of a conflict not of the UK's making and a domestic fiscal squeeze. Even before the war, the UK entered the year with tepid growth, hampered by lingering tax uncertainties and a cost‑of‑living crisis that left households facing the highest inflation rates in the G7. IMF economic counsellor Pierre‑Olivier Gourinchas highlighted that the country's weak outlook is partly a “shadow effect” of its already sluggish growth, compounded by the war’s impact on global energy supplies—the biggest shock since the 1970s. The United Kingdom’s energy mix remains heavily dependent on gas, much of which is now imported at sharply higher market prices. As Gourinchas explained, higher gas costs are being passed through to wholesale energy prices, even though temporary household protections are in place. Reeves has signalled that her immediate priority at the IMF will be to advocate for de‑escalation of the Iran conflict. At the same time, she must contend with a public‑finance situation characterized by elevated debt and rising borrowing costs, limiting the government’s capacity to respond. Given the pressure on consumers and Labour’s lagging poll numbers ahead of the May local elections, the IMF expects the UK to roll out targeted emergency financial support in the short term. Looking further ahead, the fund urges Britain to insulate itself from future energy shocks by accelerating investment in renewable sources and fostering sustainable economic growth.

The International Monetary Fund (IMF) has issued a stark warning that a further escalation in the Iran war could lead to a global recession, spiralling inflation, and a sharp backlash in financial markets. The Washington-based fund cited the economic damage from the Middle East conflict as steadily rising, prompting it to cut its growth forecasts for 2026.In its half-yearly update, the IMF predicted that the UK would suffer the sharpest growth downgrade and joint highest inflation rate in the G7 this year. Even if the fallout from soaring energy costs can be contained by the middle of 2026, the fund warned of a close call for a global recession under a worst-case 'severe scenario'.This severe scenario, involving a drawn-out war and persistently higher energy prices, would see the world face a global recession for only the fifth time since 1980. Oil prices jumped back above $100 (£74) a barrel on Monday amid choppy trading in global markets. The IMF's chief economist, Pierre-Olivier Gourinchas, noted that despite a temporary ceasefire, some damage is already done, and downside risks remain elevated.The IMF set out three possible scenarios for the war in its World Economic Outlook (WEO), including a central 'reference forecast' based on the assumption that disruption to the world economy from the war fades by mid-2026. This forecast predicts global growth would fall from 3.4% last year to 3.1% in 2026, a downgrade of 0.1 percentage points.Under the adverse scenario, with the global oil price remaining at $100 this year before falling back to $75 in 2027, growth would fall to 2.5% this year, and inflation would rise to 5.4%. In the severe scenario, with a lengthier, intensive war keeping the oil price above $110 into 2027, global growth would collapse to about 2%, a threshold widely seen as equivalent to a worldwide recession.The IMF urged countries to stage a coordinated response to the economic fallout from the war and called on central banks to remain vigilant. It also advised governments to focus on temporary and targeted measures to support businesses and households.

HSBC’s chief executive, Georges Elhedery, told Bloomberg Television at a conference in Hong Kong that the ongoing Iran war is undermining global economic confidence. He warned that the conflict’s duration could amplify price pressures on commodities such as oil, refined products, fertilisers and metals, extending the impact far beyond the Middle East. Brent crude, which had briefly risen above $100 per barrel, slipped 0.9% to $98.5 per barrel after a U.S. blockade of Iranian ports took effect. Negotiations between the United States and Iran are set to resume in Islamabad, but no agreement was reached in the previous talks. In London, the FTSE 100 edged up 22 points (0.21%) to 10,605, even as Imperial Brands led the losers, citing a “more uncertain geopolitical and macro environment.” The UK recruitment firm PageGroup warned that the Middle East conflict is creating an “increasingly uncertain outlook” for the rest of the year, with salaries lagging behind 2022‑2023 levels across the UK, Europe, the Middle East and Asia. HSBC holds a 31% stake in Saudi Awwal Bank, making it one of the European banks most exposed to the region, which contributes roughly 4% of its pre‑tax profit according to JP Morgan analysts. Nevertheless, Elhedery noted that capital outflows from the Middle East have been “very benign” so far. Since the U.S. and Israel began striking Iran on 28 February, some affluent Middle‑Eastern investors have started exploring relocation to financial hubs such as Singapore and Hong Kong. HSBC chair Brendan Nelson stressed that a peace settlement is essential to restore global energy flows, warning that prolonged disruption would lift inflation and suppress growth. “The longer the disruption continues, the more the indirect effects from higher energy costs will lift inflation and depress growth,” he said at the HSBC Global Investment Summit. Manufacturers reliant on petroleum‑derived synthetic fabrics, such as sportswear maker Castore, reported cost increases of 10‑15% and warned that continued conflict could push those costs onto consumers. Co‑founder Tom Beahon described price volatility as “very difficult to plan,” with daily swings of up to 40%. Logistics are also strained: airlines have reduced flights and vessels remain stranded in the Strait of Hormuz, complicating product shipments. Castore hopes that a resolution in the coming weeks will limit the impact on customers. Virgin Atlantic chief executive Corneel Koster told the Financial Times that jet‑fuel prices have more than doubled since the war began, adding that “some of this disruption to global energy prices will be here to stay.” UK Chancellor Rachel Reeves, speaking at the IMF and World Bank spring meetings, called for coordinated economic action, stating that the Iran conflict must become “a line in the sand” for how the world handles crises and instability.