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The UK government's borrowing costs have risen above 5% amid an intensifying global bond market sell-off fueled by the Iran war. The yield – or interest rate – on 10-year debt hit its highest level since the 2008 financial crisis, rising 13 basis points to 5.081%, as investors acted on concerns about the economic fallout from the conflict.Borrowing costs also rose for the US and eurozone governments, underscoring growing turbulence in the global financial system after Donald Trump's extension of a deadline for a peace deal failed to soothe jittery investors. Financial markets worldwide slumped on Friday, extending falls seen since the outbreak of the war, with losses in London and across major US and EU trading hubs. The price of Brent crude remained above $110 a barrel.Kathleen Brooks, the research director for the UK at the financial trading platform XTB, said: “Markets feel more panicky this week, and Friday’s price action suggests that investors are losing faith in Donald Trump’s ability to end this war and reach a deal with the Iranians.”Economists have warned that the Bank of England could be forced to take a tough approach to tackling inflation after losing some of its credibility by underestimating the leap in inflationary pressures in 2022. The increase in borrowing costs will add to the challenges facing Rachel Reeves, the chancellor, amid pressure on Labour to provide a package of financial support for households already reeling from a cost of living crisis.

Ryan Murphy's drama series 'Love Story' has become Disney+'s most-streamed drama ever, captivating audiences worldwide with its schlocky, glossy portrayal of the doomed marriage between John F Kennedy Jr and Carolyn Bessette. The series, which consists of nine episodes, tells the story of the couple's whirlwind romance and tragic fate.The show's success can be attributed to its unique blend of camp nostalgia, paparazzi exposure, and cultural symbolism. According to TV critic Scott Bryan, Murphy's formula for success involves targeting subjects with tragic backstories and workable legal margins, which in practice means the longer they have been dead, the smoother the adaptation.The series begins as a Cinderella romance between a Kennedy scion and a Calvin Klein publicist who became the most famous and scrutinised couple in the US – and evolves into a lesson in what happens when marriage becomes a form of branding. The show's relatability factor also lies in its portrayal of universal dating themes, great hair, and a wardrobe full of Prada and Kangol caps worn backwards.Social media searches for JFK Jr and Bessette grew by more than 9,100% in the past month, according to FX, which created the show. The show's success has also sparked speculation about Murphy's next subject, with names like Brad Pitt and Jennifer Aniston, John Lennon and Yoko Ono, and Liz Taylor and Richard Burton being floated on social media.The show's impact can be seen in its ability to resonate with audiences, particularly Gen Z women, who have connected with the show's themes of relationships, style, and tragedy. As Bryan noted, 'Love Story' is 'unapologetically schmaltzy' and doesn't try to be anything more than a show that looks the part, making it a refreshing change from the usual prestige television dramas.

Billy Loughnane, on track to become Britain's youngest champion jockey on the Flat since 1909, has had his bid hit by a 21-day ban imposed by stewards at Southwell. The ban was for riding a horse back to the unsaddling enclosure after it had been scratched from a race on vets' orders.Loughnane's mount, Beelzebub, was deemed lame following a veterinary examination after being kicked at the start. Loughnane has appealed against both the finding and the penalty. If his appeal is unsuccessful, he will be sidelined from April 9 to April 30, missing key meetings like the Craven meeting at Newmarket and the Greenham Stakes at Newbury.The 20-year-old jockey, currently 6-4 to take the 2026 jockeys' championship, aims to win the title. A three-week absence early in the turf campaign will be frustrating for Loughnane. The current market sees Oisin Murphy, the reigning champion, at 4-6, with Rossa Ryan at 10-1 and others at 12-1.In other racing news, Eternal Force is a strong contender for the Lincoln Handicap at Doncaster, with trainer William Haggas having a strong record in the race. Haggas has won the Lincoln a record five times, with four of those successes coming since 2007.

The reintroduction of beavers in Dorset has shown promising results, with the animals building a 35-metre dam and creating a deep, wildlife-rich pool. By coppicing trees, they have allowed more light in and improved habitats for plants, insects, amphibians, birds, and bats.Trail cameras have captured footage of an otter fishing in the pond, as well as a barn owl hunting there. Volunteers have spotted birds including redpolls and water rails. The cameras also captured footage of two of the beavers mating, indicating they have settled in their new home and that there could be kits this summer.Despite some hitches, including the death of a male beaver and the relocation of a female, the western pair of beavers has been busy doing their engineering work. The National Trust, which is in charge of the project, said it was thrilled with the progress, highlighting the astonishing effect on the ecosystem in a relatively short time.Gen Crisford, the National Trust's wetlands project officer, said setbacks were inevitable but expressed hope for a 'happy ever after moment' with the western pair. The project allows for the release of 10 to 25 adult beavers, with the next release expected to take place this autumn.

Ben White stepped onto the Wembley pitch to a chorus of jeers from England supporters when introduced as a 68th-minute substitute. The Arsenal defender's return to international football came nearly two years after walking out on the squad during the 2022 World Cup, making his availability for this fixture a significant development.The friendly encounter lacked intensity for much of the first half, with England struggling to create meaningful opportunities. Thomas Tuchel, utilizing an experimental lineup with no survivors from the previous match against Albania, focused on evaluating fringe players for potential World Cup consideration. The match tempo was low, and patterns remained formulaic as Uruguay comfortably maintained defensive organization.The game transformed dramatically after White's introduction. In the 81st minute, the defender marked his fifth England cap with his first international goal, tapping in from close range following an excellent Cole Palmer corner delivery. Despite scoring, the announcement of his name was met with another round of boos from the home crowd.White's night took a turn for the worse in stoppage time when he conceded a penalty with an ill-advised challenge on Federico Vinas. After a video assistant referee review, Federico Valverde converted the spot kick, leveling the score at 1-1. The match had been particularly fractious, featuring several contentious challenges including an X-rated lunge by Uruguay's Ronald Araújo at Phil Foden, which left the Manchester City player limping off.Tuchel expressed frustration with the officiating, questioning why Araújo escaped punishment and suggesting the VAR system was malfunctioning. The England manager had made numerous changes to his squad, prioritizing rest for first-choice players during a condensed training week leading up to the fixture.

Thomas Tuchel, the England head coach, voiced his disappointment with the Wembley crowd's reaction to Ben White's return to international football during the 1-1 draw with Uruguay. White was booed upon his substitution in the 69th minute, a reaction Tuchel found disheartening.The game was marked by controversy, including a painful tackle by Ronald Araújo on Phil Foden that escaped a red card and an injury to Noni Madueke. Tuchel was also critical of the refereeing, particularly the decision to award Uruguay a penalty for a soft foul by White.“I heard that he was booed,” Tuchel said of White. “It cannot be the majority. There were some boos and some mixed reception for him which I’m disappointed about because of course we protect our players. He was excellent in camp and he deserved to come on. He got us almost a winner.”Tuchel praised his side's effort but focused his anger on the German referee Sven Jablonski, expressing confusion over the VAR's inconsistent application. The draw was a mixed result for England, who were without several regular players and are preparing for the World Cup this summer.

Asda's executive chair, Allan Leighton, has urged the UK government to take immediate action to support farmers and ease fuel costs, as the conflict in the Middle East threatens to drive up food prices. Leighton warned that food prices would inevitably rise as a result of the conflict, citing pressure on farmers from higher fertiliser, energy, and fuel costs.While Asda has so far received only a trickle of requests for cost price increases from suppliers, Leighton expects the pace of cost increases to be volatile and vary across different commodities. He also warned of temporary shortages at petrol stations as supplies are squeezed by the conflict, with the average price of unleaded petrol in the UK rising to 150p a litre.Leighton accused the government of benefiting from £3bn of income from fuel duties as prices rise and called on them to ease these duties or support farmers on energy or other costs. He suggested that tax from fuel duty should be redistributed to support farmers in some form.The Asda boss's comments come after Simon Wolfson, CEO of Next, suggested that clothing prices could rise by 4-10% if the conflict in the Middle East extends into the autumn and factories are hit by higher fuel and fabric costs. Daniel Ervér, CEO of H&M;, also warned that a prolonged conflict could have a significant impact on consumer spending and cause inflation.Asda's underlying profits dropped by a third to £764m last year, with non-fuel sales sliding 3.3% to £21bn. However, the company reported its first month of underlying sales growth in stores in almost two years in March, after resolving IT problems linked to a switch away from services provided by its former owner Walmart.

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.”

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.