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The Dutch insurer Aegon has agreed to sell its historic UK operation to Standard Life for a total consideration of £2 billion. The package includes a cash payment of £750 million and the issue of 181.1 million new Standard Life shares to Aegon. By merging Aegon's UK business—home to 3.7 million customers and 2,000 employees—with Standard Life, the combined group will serve 16 million customers and manage roughly £480 billion of assets under administration, creating the largest retirement‑savings and income platform in the United Kingdom. Aegon, which traces its UK roots back to the 1831 founding of Scottish Equitable, first acquired the business in 1998 and rebranded it in 2009. The sale is part of a broader restructuring that will see Aegon's headquarters relocate to the United States and the company rebrand as Transamerica. Following the transaction, Aegon will become Standard Life's biggest shareholder, holding a 15.3% stake and securing the right to appoint one non‑executive director to the board. Standard Life CEO Andy Briggs described the deal as a catalyst for the group's ambition to become the UK's leading retirement‑savings business. He outlined a plan to realise approximately £110 million of cost savings over the next three years, noting that only half of these efficiencies are expected to materialise in the initial period. Briggs also addressed potential job impacts, stating that while there will be some redundancies, the effect will be "more modest" compared with other recent industry consolidations. The transaction follows Standard Life's own recent evolution: Phoenix Group acquired the former Standard Life Aberdeen insurance arm for £3 billion in 2018, rebranded the business as Standard Life, and has since seen Aberdeen reduce its stake to around 10%. Analysts view the deal as a strategic win‑win: Aegon accelerates its pivot to the US market, while Standard Life gains scale, a broader customer base, and a stronger balance sheet to compete in a highly consolidated UK pensions market.

Italy has suspended the automatic renewal of its defence agreement with Israel, Prime Minister Giorgia Meloni said on Tuesday in Verona. The pact, originally approved in 2006 and set to renew every five years, encompasses joint development of military equipment, technology research, training of personnel and information‑technology cooperation. Meloni explained that the decision reflects “the current situation,” referring to a recent episode in which Israeli forces allegedly fired warning shots at an Italian peacekeeping convoy in Lebanon, damaging a vehicle but causing no injuries. In response, Italy summoned the Israeli ambassador to protest the incident, while Israel later called Italy’s ambassador after Foreign Minister Antonio Tajani, also deputy prime minister, condemned the “unacceptable attacks” on Lebanese civilians. Tajani was in Beirut for talks with Lebanese President Joseph Aoun and Foreign Minister Youssef Raggi, and posted on X that he was conveying Italy’s solidarity with Lebanon. Until now, Meloni’s right‑wing government has been one of Israel’s closest allies in Europe. The suspension marks a notable shift in the relationship, although the Israeli government has not issued an immediate reaction. The defence accord, which automatically renews every five years, includes cooperation across defence industries, education and training of military personnel, research and development, and information‑technology initiatives.

The stage is set for a thrilling encounter at the Allianz Arena in Munich, Germany, as Bayern Munich hosts Real Madrid in the second leg of their UEFA Champions League quarterfinal matchup. The German side holds a 2-1 aggregate lead, making Real Madrid's task even more daunting.Real Madrid's season has been a rollercoaster, with the team struggling to find consistency. Despite their recent 1-1 draw against Girona in La Liga, which has effectively ended their title hopes, they must now focus on overcoming Bayern Munich. The Spanish giants have had a remarkable history in the Champions League, having won the competition 14 times, a record in the tournament.Bayern Munich, on the other hand, has been in stellar form, extending their lead to 12 points at the top of the Bundesliga table with a 5-0 win over St Pauli on Saturday. Their star striker, Harry Kane, is expected to return after sitting out the league match due to a minor injury.The most pressing concern for Real Madrid is the facial injury sustained by Kylian Mbappe in training. However, given his importance to the team and the significance of the match, it's likely that he will be patched up to play. Mbappe has been in exceptional form, leading the Champions League scorers' list with 14 goals this season.In terms of team news, Bayern Munich will be without Lennart Karl and Sven Ulreich due to injuries, while Serge Gnabry has a minor knee problem but is expected to be available. Real Madrid will be without Thibaut Courtois, Rodrygo, and Aurelien Tchouameni due to injuries and suspensions.This matchup between two European giants is the most played fixture in Champions League history, with 29 meetings between the sides. Real Madrid has won 13 matches, while Bayern Munich has emerged victorious on 12 occasions.

Donald Trump publicly rebuked Italy’s Prime Minister Giorgia Meloni, claiming she showed no courage for refusing to support a U.S. strike on Iran. The remarks were made during an interview with Italy’s Corriere della Sera, where Trump said, “I’m shocked at her. I thought she had courage, but I was wrong.”Meloni’s stance follows her government’s decision to suspend the automatic renewal of the defence cooperation memorandum with Israel, citing the “current situation” as justification. The move marks the first time Italy has halted the agreement, which had been in place since 2016 and facilitated military exchanges and technology sharing.Trump escalated the dispute, stating, “Giorgia Meloni doesn’t want to help us in the war… Does she like it? I can’t imagine.” He also linked his criticism to broader frustrations with European allies, accusing them of “abandoning” the United States and urging them to “go get your own oil.”Relations between Washington and Rome have already been strained after Trump’s earlier attacks on Pope Francis, whom he described as “not doing a very good job” and urged to stop “catering to the radical left.” Meloni condemned those comments as “unacceptable,” emphasizing that religious leaders should not be forced to follow political directives.Amid the diplomatic fallout, Italy is grappling with domestic challenges. A recent justice referendum, backed by the government, was defeated, a result analysts interpret as a broader vote of no confidence in Meloni’s leadership. Economic anxieties are rising as the ongoing Iran‑Israel conflict threatens global energy supplies, with the Strait of Hormuz blockade contributing to a sharp increase in diesel prices across Europe.Political historian Lorenzo Castellani of Luiss University described the situation as a “repositioning,” noting that Meloni may be wary of alienating centre‑right voters who are increasingly critical of Trump, Israeli Prime Minister Netanyahu, and the war’s economic repercussions.Despite the tension, Meloni reiterated that Washington remains a “priority ally,” adding that true alliances require candour: “When you are friends, particularly strategic allies, you must also have the courage to say when you disagree.”Trump’s remarks also targeted other NATO members, suggesting that countries like Spain could face troop withdrawals and accusing the United Kingdom of failing to “step up.” His comments underscore growing fractures within the alliance as the Iran conflict escalates.In parallel, Italy’s diplomatic ties with Israel are under pressure. The suspension of the defence memorandum follows a series of incidents, including Israeli airstrikes that have caused thousands of casualties in Lebanon and a near‑miss involving Italian UN peacekeepers in southern Lebanon. Italy’s ambassador to Israel was summoned after Foreign Minister Antonio Tajani condemned the Israeli raids during a visit to Beirut.The confluence of these diplomatic disputes—Trump’s criticism of Meloni, the halted Israel‑Italy defence pact, and broader NATO tensions—highlights a volatile period for European‑U.S. relations amid an intensifying Middle‑East conflict.

US President Donald Trump has indicated that peace talks between the US and Iran could potentially resume in Islamabad within the next two days. He expressed his appreciation for Pakistan's army chief, Field Marshal Asim Munir, describing him as doing a 'great job' in facilitating the negotiations.Trump made these comments while speaking to a New York Post reporter who had been in Islamabad for the initial round of ceasefire talks over the weekend. The president suggested that the talks could take place in Islamabad, stating, 'You should stay there, really, because something could be happening over the next two days, and we're more inclined to go there.'The possible resumption of talks comes after a period of heightened tensions, including a US naval blockade on ships using Iranian ports in the Gulf. This move was a response to Iran's near-total closure of the Strait of Hormuz to ships using other Gulf ports. The blockade led to a spike in oil prices, which later dipped to about $95 per barrel following reports of potential new negotiations.Meanwhile, US Vice-President JD Vance has expressed openness to further talks, emphasizing the need for Iran to show more flexibility. Vance noted that Iran had shown some flexibility in Islamabad but 'didn't move far enough' on key issues, such as a 20-year suspension of uranium enrichment.An Iranian official accused the US delegation of making 'maximalist demands' at the Islamabad talks, asserting that Iran would not surrender its positions either on the battlefield or at the negotiating table. The sticking points include Iran's stockpile of highly enriched uranium (HEU) and its demand for a shorter moratorium on uranium enrichment.Pakistan's Prime Minister, Shehbaz Sharif, is set to embark on a regional tour to Saudi Arabia, Turkey, and Qatar to garner support for the peace process and discuss proposals to reopen the Strait of Hormuz. However, his trip may be shortened if negotiations resume promptly.

Qantas announced a fare increase and a 5% reduction in domestic capacity for May and June, responding to a rapid shift in passenger demand away from airlines that transit the conflict‑ridden Middle East. In a market update released on Tuesday, the carrier said it is redeploying aircraft from its U.S. and domestic networks to capture strong interest in Europe‑bound travel, especially to Paris and Rome. The move follows service cuts by Persian Gulf carriers such as Emirates, Etihad and Qatar Airways, which have scaled back flights amid the escalating Iran conflict. To accommodate the new focus, Qantas and its low‑cost arm Jetstar will cut capacity across their domestic networks by about 5%, trimming frequencies on key inter‑city routes and suspending several regional services. Four temporary suspensions will take effect in mid‑May: Melbourne‑Hamilton Island, Melbourne‑Coffs Harbour, Sydney‑Busselton and Darwin‑Gold Coast. In addition, the Adelaide‑Mount Gambier route will be discontinued indefinitely due to low demand and soaring fuel costs. The airline warned that its jet‑fuel expenses are set to rise sharply, projecting a second‑half 2026 fuel bill of $3.1‑$3.3 billion, up from the previously forecast $2.2 billion. This surge is driven by higher oil prices linked to the Iran conflict. To offset the cost pressure, Qantas has already raised ticket prices and signalled that “further action” – likely additional fare hikes – may be necessary. While airlines typically use hedging contracts to lock in fuel prices, the current volatility limits the effectiveness of such safeguards. Following the market update, Qantas shares slipped more than 3% in early trading before stabilising, reflecting investor concern over the combined impact of higher fares, reduced domestic capacity, and elevated fuel costs.

Energy prices in the United States have continued to surge, even after President Donald Trump's administration issued a 60-day waiver of the Jones Act, a maritime law that restricts foreign-flagged vessels from transporting goods between US ports.The waiver, which came into effect on March 18, was intended to alleviate pressure on energy supplies by allowing more foreign vessels to transport goods domestically. However, experts say the impact on oil prices has been negligible, with oil prices rising 4 percent on the day amid a US blockade of Iranian ports.“It is estimated that it’s going to be about 3 cents on the East Coast and it might go up on the Gulf Coast, but these changes are so small that they’re overshadowed by the spikes in oil prices, and the oil prices keep going up,” said Usha Haley, a professor of management at Wichita State University.The Containerized Freight Index, a benchmark for shipping container costs, has jumped more than 10 percent over the last month and is up more than 35 percent from this time last year. The average price of gas in the US has also increased to $4.125 per gallon, up from $3.63 at this time last month.Despite the waiver, shippers have adapted their routes, with more than 34,000 ships diverting from the Strait of Hormuz over the past month. Major vessel insurers have also cancelled war risk coverage for ships travelling through the waterway, dissuading ship owners from going through the Gulf.Experts predict that fuel prices will only normalise once traffic through the strait returns to pre-war levels. The ongoing conflict and disruptions to transit through the Strait of Hormuz have contributed to the sustained high energy prices.

Match details: Atletico Madrid will meet Barcelona on Tuesday at 21:00 CET (19:00 GMT) in the Metropolitano Stadium for the Champions League quarter‑final second leg. The fixture decides which side advances to the semi‑finals. After a 2‑0 first‑leg triumph at Camp Nou, Atletico enter the tie as favourites despite trailing Barcelona in the La Liga table. Their advantage stems from goals by Julian Alvarez and Alexander Sörloth, who capitalised on a red card for Barcelona defender Pau Cubarsi. Barcelona, the reigning Spanish champions, are desperate to overturn the deficit. They bolstered their domestic campaign with a 4‑1 win over Espanyol, extending their lead over Real Madrid to nine points. Ferran Torres netted a brace, assisted by teenage prodigy Lamine Yamal, while Marcus Rashford added the fourth. Atletico’s weekend league performance was less convincing, suffering a 2‑1 loss to Sevilla after heavy rotation by Diego Simeone. The loss left them fourth in La Liga with 57 points, four behind Villarreal. Historical context: The two clubs have met 251 times, with Barcelona winning 115 matches, Atletico 79 and 57 draws. Their recent knockout encounters include Atletico’s victories in the 2014 and 2016 quarter‑finals, both decided over two legs. Team news: Atletico will miss Marc Pubill (suspension) and have Jose Giménez, Pablo Barrios and David Hancko listed as doubtful. Barcelona’s defender Pau Cubarsi is suspended, replaced by Ronald Araujo. Injuries rule out Marc Bernal, Raphinha and Andreas Christensen. Predicted line‑ups: Atletico – Musso; Molina, Le Normand, Lenglet, Ruggeri; Llorente, Koke; Simeone, Griezmann, Lookman; Alvarez.Barcelona – Joan Garcia; Koundé, Araujo, Martín, Cancelo; Eric Garcia, Pedri; Yamal, Fermin, Rashford; Lewandowski. Managerial insights: Simeone stressed the need to stay focused on the objective of advancing, while Barcelona coach Hansi Flick highlighted the quality of his squad and the importance of collective effort. With a slim margin separating the sides, the second leg promises a tactical battle that could see either club secure a coveted place in the Champions League semi‑finals.

Marie‑Louise Eta will take the touchline for Union Berlin’s upcoming Bundesliga match against Wolfsburg, becoming the first woman to coach a men’s team in one of Europe’s top‑five leagues. The 34‑year‑old was promoted on an interim basis after the dismissal of Steffen Baumgart, who was sacked following a 3‑1 defeat to bottom‑placed Heidenheim.Union sit seven points clear of the relegation‑playoff zone with five games remaining, but a dismal run of two wins in 14 matches has left the club teetering near the drop‑zone. Club officials turned to Eta, citing her continuity and proven tactical acumen, to halt the slide.Eta’s appointment is the latest milestone in a rapid rise through Union’s ranks. In the 2023‑24 season she became the Bundesliga’s first female assistant manager under Nenad Bjelica, and earlier in 2024 she briefly commanded the men’s side, overseeing a win, a draw and a loss while Bjelica served a suspension. Her prior success with Union’s under‑19 men’s squad further cemented her reputation as a forward‑thinking coach.Speaking in a 2023 interview, Eta emphasized that she wants to “convince with quality and substance” rather than rely on tokenism. Former England women’s manager Sarina Wiegman hailed her as a “trailblazer”, noting that such progress reflects football’s broader societal shift toward gender equality.Germany is already seeing more women in senior coaching roles: Sabrina Wittmann leads third‑tier side FC Ingolstadt, while Corinne Diacre previously managed Ligue 2 club Clermont Foot in France. In England, Hannah Dingley made history as caretaker of Forest Green Rovers before moving to Manchester City’s academy.Eta’s current stint with the men’s team is expected to be short‑lived. She has already signed a contract to become head coach of Union Berlin’s women’s side next season, where she will continue to develop talent in the Frauen‑Bundesliga. Nonetheless, her presence on the technical area this weekend offers a powerful visual for aspiring female coaches worldwide.Social media reactions have been mixed. While a minority of users resorted to sexist trolling, Union’s official X account defended Eta vigorously, dubbing her a “football goddess” and firing back at detractors. Eta, a former Champions League winner with Turbine Potsdam, said she draws motivation from messages sent by young women and girls she has inspired.The upcoming match will not only test Union Berlin’s fight against relegation but also serve as a symbolic moment in the ongoing effort to break the “grass ceiling” in professional football.