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From my home in Hawai‘i, the reef is more than a backdrop—it feeds families, shields shorelines, and anchors our culture. Today that vital connection is under unprecedented threat. Scientists report the most extensive coral‑bleaching episode ever recorded, persisting for 33 months into 2025. At a projected 1.5 °C rise in global temperatures, the IPCC warns that up to 90% of the world’s coral reefs could disappear. That temperature threshold is not a distant projection; it is looming now. Even if climate targets are eventually met, reefs continue to be battered by plastic waste, coastal development, agricultural runoff, and overfishing. Their degradation weakens natural storm barriers, leaving coastal communities more vulnerable to floods and erosion, jeopardising homes, jobs, and cultural heritage. In Hawai‘i we speak of kuleana—a generational duty to protect what sustains us. That principle must expand to every person on the planet: caring for reefs is caring for ourselves. On the ground, communities in French Polynesia have shown that, when equipped with the right tools, they can actively restore damaged reefs. Likewise, my collaboration with the Global Fund for Coral Reefs and the UN Environment Programme demonstrates how targeted financing can create sustainable livelihoods, boost marine conservation, and help coastal societies rebound after extreme weather. Time, however, is not on our side. The next twelve months could become a defining turning point for coral ecosystems. New scientific findings and a series of high‑profile gatherings—including the Kenya Ocean Conference, the International Coral Reef Symposium in New Zealand, and the upcoming Global Coral Reef Summit—will focus world attention on reef survival. The responsibility now lies with governments, businesses, and individuals alike. Proven actions include: cutting carbon footprints, eliminating plastic leakage, protecting keystone species, supporting reef‑positive enterprises, investing in resilient coastal economies, enacting protective legislation, and amplifying public advocacy. Moments like 2026 are not just about pledges; they are about swift, measurable change. Coral reefs cannot wait for perfect plans—they need us to act now, embodying the spirit of kuleana for the sake of our children and the ocean that sustains us. Jason Momoa is an actor, filmmaker, and UNEP Advocate for Life Below Water, dedicated to protecting oceans and raising global awareness of coral‑reef conservation.

The conflict in Lebanon has seen a significant escalation in recent days, with Israel conducting devastating airstrikes aimed at wiping out the Iranian-backed Hezbollah militia. The violence has resulted in numerous casualties and widespread destruction. President Trump announced the 10-day ceasefire on Thursday, stating that it would take effect at midnight. He expressed hope that Hezbollah would act 'nicely and well' during this period, tweeting: 'I hope Hezbollah acts nicely and well during this important period of time. It will be a GREAT moment for them if they do. No more killing. Must finally have PEACE!' The ceasefire is seen as a crucial step towards de-escalating tensions in the region and potentially paving the way for a parallel peace agreement between the US and Iran. A meeting between Israeli and Lebanese leaders is scheduled to take place in Washington next Tuesday, marking the first Israeli-Lebanese summit in decades. The Israeli occupation is likely to be a key topic of discussion during the talks, with Trump indicating that he would visit Lebanon 'at the right time.' The US president has been involved in intense diplomatic efforts to broker a peace deal, with his administration urging other countries to join a 'trade over aid' push.

LIV Golf, a breakaway tour backed by Saudi Arabia's Public Investment Fund (PIF), is facing an uncertain future as the fund is expected to withdraw its support in 2026. This development has significant implications for the careers of several leading golfers who made lucrative switches to LIV. The PIF's expected withdrawal could leave many golfers in career limbo, with some, such as Bryson DeChambeau and Jon Rahm, potentially having a pathway back to the PGA Tour. However, the future for others who joined LIV is far more uncertain. The tour's executives recently attended a summit with the PIF in New York, where the financial impact of the Middle East crisis was discussed. LIV's chief executive, Scott O'Neil, has attempted to reassure staff and players that the tour's season will continue as planned, but the lack of commitment beyond 2026 has fueled speculation and concern. Since its inception in 2021, LIV is understood to have burned through more than $5bn of PIF money. Despite this, the tour has made strides towards becoming more commercially viable, attracting blue-chip sponsors such as Rolex and HSBC. The PGA Tour has smoothed a path for some LIV golfers to return, including Brooks Koepka and Patrick Reed. However, the scenario for others is far less obvious, particularly for those who lack the pull to return to the PGA Tour. The DP World Tour, formerly European Tour, may benefit from LIV's potential demise, given its willingness to re-engage with LIV players. The uncertainty surrounding LIV's future also has implications for women's golf in Europe, with the PIF Saudi Ladies International and other events potentially being affected if the kingdom diverts attention away from the sport.

Former Treasury Secretary Janet Yellen sharply criticized President Donald Trump’s repeated calls for the Federal Reserve to slash borrowing costs, likening the approach to the fiscal tactics of a “banana republic.”Trump has publicly urged the central bank to deliver the lowest interest rate in the world, arguing that cheaper financing would ease the service burden on the United States’ staggering $39 trillion debt.Speaking at an HSBC investor summit in Hong Kong, Yellen asked, “How often does the president of a developed country demand that interest rates be set to reduce debt‑service costs? This is what you hear in a banana republic.” She warned that such political meddling could unleash inflation if the Fed’s independence is compromised.The Fed, under Chair Jerome Powell, last lowered its policy rate in December to a range of 3.5 %–3.75 %. However, policymakers are growing uneasy about inflationary pressures, especially as the ongoing Iran conflict threatens oil supplies.Powell is slated to step down next month, but his successor—Trump’s nominee Kevin Warsh—has yet to secure Senate confirmation. Powell has indicated he will remain in his role if a replacement is not confirmed, and he may continue as a Fed governor until a pending Department of Justice investigation concludes.Trump has openly dismissed the idea of Powell staying on, telling Fox Business that he would “have to fire him” if the chair does not leave. Powell, for his part, describes the DOJ probe as a “pretext” aimed at pressuring the Fed to cut rates.Warsh, who argues that potential productivity gains from artificial intelligence could justify lower rates, faces skepticism from Yellen, who doubts he commands the same respect as former Fed chair Alan Greenspan. She noted, “Greenspan was widely respected for his expertise; I don’t think Warsh walks in with that level of credibility.”Trump’s broader effort to reshape the Fed board includes an attempt to remove Governor Lisa Cook, who is currently facing a Supreme Court case over alleged mortgage fraud.Meanwhile, finance ministers and central bankers have gathered in Washington for the International Monetary Fund’s spring meetings. Bank of England Governor Andrew Bailey warned that rising oil prices, driven by the Iran conflict, constitute a “major supply shock” that central banks must assess carefully.The IMF has cautioned that a prolonged closure of the Strait of Hormuz could trigger a global recession, underscoring the interconnected risks of geopolitical tensions, sovereign debt, and monetary policy decisions.

UK Chancellor Rachel Reeves has strongly criticized the US decision to engage in a war with Iran without a clear exit strategy, labeling it a 'folly' that has significant economic implications for the UK and the world. In an interview with the Mirror before her trip to Washington for the International Monetary Fund spring meeting, Reeves expressed her frustration and anger over the US's approach to the conflict. She emphasized that the war was not initiated by the UK and that the US's lack of a clear plan has led to the blockade of the Strait of Hormuz, a critical waterway for Iranian oil shipments. Reeves stated, 'This is a war that we did not start. It was a war that we did not want. I feel very frustrated and angry that the US went into this war without a clear exit plan, without a clear idea of what they were trying to achieve.' She added that the conflict's impact is being felt globally, including in the UK, and that it was sensible for the UK to avoid involvement. The criticism comes after a tumultuous period marked by the collapse of peace talks between the US and Iran in Islamabad and the official start of a US blockade on Iranian ports. The situation has contributed to rising oil prices and threatens to increase inflation worldwide. The IMF has released new forecasts indicating that the UK will experience the biggest economic impact among G7 countries, with GDP growth revised down to 0.8% from 1.3%. Reeves has pledged to support households with energy bills if they rise and is under pressure to reconsider a planned fuel duty increase. Prime Minister Keir Starmer has established a committee to discuss the war's impact on Britain, which met for the first time on Friday. He will also attend an international summit in Paris to address safeguarding shipping through the Strait of Hormuz.

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.

The ongoing conflict between the US and Iran has taken a turn for the worse, with President Trump's decision to escalate rather than negotiate turning this into a global problem. Europe, which had initially adopted a stance of non-involvement, is now facing the consequences of Trump's actions. The US naval blockade of Iran aims to prevent the country from shipping oil to market unless it allows free passage through the Strait of Hormuz. However, this move has caused oil prices to rise and stocks to fall, with the global economy feeling the pinch. The International Monetary Fund (IMF) meeting in Washington has turned into a crisis summit, with global growth forecasts being revised down due to the expected prolonged energy shock. The conflict has also raised concerns about shortages of essential goods such as medicines, fertilizers, and helium, which could have far-reaching consequences for the global economy. The article suggests that Trump's threats to stop tankers reaching Iranian ports and seize any ship paying Iran a toll for safe passage risk spiraling the war out of control. In this context, former UK Prime Minister Boris Johnson's suggestion that Europe should help the US get out of the mess it has created has some merit. The article argues that Europe needs to find a way to help Trump retreat without losing face, and that diplomacy and negotiation are crucial to resolving the crisis. The article concludes that Trump's war aims are unpredictable and that the US needs NATO's diplomats and ideas to resolve the crisis, rather than just brute force. Europe must find a way to work with the US to end the conflict and prevent further economic damage.

The ongoing global finance talks between the International Monetary Fund (IMF) and the World Bank Group (WBG) have taken a contentious turn. Governments are being urged not to mention climate change, despite its growing impacts and the pressing need for climate finance.The climate crisis has significant implications for developing countries, which are already paying billions to repair damage from droughts, floods, and storms. The World Bank Group aims to devote 35% of its funding to climate-related activities, but US pressure may hinder these efforts.US Treasury Secretary Scott Bessent has demanded the removal of some climate finance targets from the World Bank's aims, insisting on an 'all-of-the-above approach to energy' that includes financing for gas, oil, and coal. This move has sparked alarm among other countries, including large developed economies.Experts warn that sidelining climate change discussions would be disastrous for the developing world. Mohamed Adow, director of the Power Shift Africa thinktank, described the situation as 'beyond absurd', emphasizing that fossil fuels and the climate emergency are inextricably linked.The World Bank is the biggest single source of climate funding, and many donor countries channel their climate finance largely through the multilateral development banks. At the Cop29 UN climate summit in Azerbaijan in 2024, countries agreed that at least $1.3tn a year should flow to the developing world by 2035 to help countries cut greenhouse gas emissions and cope with the impacts of extreme weather.Lord Stern, a former World Bank chief economist, suggested that much could still be achieved without formally labelling projects as climate-related, emphasizing that investing in low-carbon infrastructure and energy systems is crucial for sustainable development.

The United States team landed in Islamabad on Friday, gearing up for Saturday’s planned cease‑fire talks with Iran aimed at pausing the ongoing US‑Israel‑Iran conflict.New friction erupted on Friday when senior officials from both sides exchanged conflicting accounts of a 10‑point Iranian proposal that underpinned Tuesday’s temporary pause in hostilities.Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned on X that two critical measures—a cease‑fire in Lebanon and the release of Iran’s blocked assets—remain unfulfilled, insisting they must be addressed before negotiations can proceed.Ghalibaf, who is slated to attend the summit alongside Foreign Minister Abbas Araghchi, echoed the Iranian military’s joint command warning that its “fingers are on the trigger” after what it described as repeated “breaches of trust” by the United States and Israel.Meanwhile, former President Donald Trump escalated rhetoric, telling the New York Post that the U.S. is loading ships with the “best weapons ever made” and will employ them “very effectively” if a deal is not reached. In subsequent Truth Social posts, he dismissed Iran’s leverage over the Strait of Hormuz as a “short‑term extortion” and claimed the Iranians are “alive today only to negotiate.”The Trump administration credits Tuesday’s cease‑fire agreement with averting a larger U.S. escalation, yet it has not disclosed the exact framework agreed upon, noting it differs from Iran’s published 10‑point plan.Analysts point to substantial gaps between the parties on several fronts: Iran’s future control of the Strait of Hormuz, the status of frozen Iranian assets, the trajectory of Iran’s nuclear program, and Israel’s ongoing offensive in Lebanon.U.S. and Israeli officials assert that a Lebanese cease‑fire was never part of the deal, contradicting Iran and Pakistan’s position. Nonetheless, President Trump told an Israeli reporter that he urged Prime Minister Benjamin Netanyahu to make Israeli operations against Hezbollah “more low‑key” ahead of the talks.Israeli strikes continued, killing at least 300 people nationwide on Wednesday—the deadliest day of the offensive—while Al Jazeera’s correspondent reported no slowdown in southern Lebanon’s fighting. Kuwait also reported intercepting seven drones launched from Iran into its airspace within 24 hours.Despite the heightened rhetoric, U.S. Vice President JD Vance expressed optimism, stating he expects a “positive” outcome from the negotiations and that he has received “pretty clear guidelines” from President Trump. Vance emphasized that the United States is ready to extend an “open hand” to Iran if it negotiates in good faith, but warned that any attempt to “play us” would meet a “non‑receptive” negotiating team.Vance’s leadership reflects a non‑interventionist strand of the Trump administration, stepping in as Iran’s trust in special envoy Steve Witkoff and Trump’s son‑in‑law Jared Kushner has eroded. Witkoff and Kushner previously headed two rounds of indirect talks on Iran’s nuclear program, both of which collapsed—first after Israel launched a 12‑day war on Iran in June 2025, and again after the latest war erupted on February 28.