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A team of FBI agents has arrived in Cuba to launch an independent investigation into a deadly shootout between local border patrol officers and a Florida-tagged speedboat. The incident occurred on February 25, when 10 Cuban nationals attempted to enter Cuba by speedboat, armed with nearly 13,000 rounds of ammunition, 13 rifles, and 11 pistols.The shootout resulted in the deaths of five people, with the others being wounded and taken into custody. The Cuban government has stated that the assailants were Cuban exiles who came from the US with the intent to sow chaos and attack military units.The US embassy in Havana announced the FBI agents' arrival, stating that the trip was part of a "thorough and independent investigation" into the incident. An embassy official said the US would verify Havana's version of events, adding that the US would make decisions based solely on US interest, US law, and the protection of US citizens.Tensions have been high between the two nations since January, when US President Donald Trump imposed a virtual oil blockade on the island. The incident has sparked concerns about the escalating tensions between the US and Cuba, with the FBI's investigation expected to shed more light on the circumstances surrounding the deadly shootout.

In a bid to reduce greenhouse gas emissions and improve public health, thousands of New Yorkers are making the switch from gas stoves to induction stoves. A recent project in the Washington Heights area of Manhattan has installed induction stoves in 15 co-op apartments, providing residents with a cleaner and healthier way to cook.The project, supported by state and city governments, as well as non-profit groups, aims to reduce the risks associated with gas stoves, including nitrogen dioxide emissions and climate change. According to a study, people who replaced their gas stoves with electric alternatives were exposed to less than half the amount of nitrogen dioxide emissions.Residents, such as Marcos Ramos, are excited about the change. “It makes sense”, he said. “If you’re minimizing risk with the gas, the fire, then environmentally, health-wise, it makes sense. It’s logical.”The induction stoves, supplied by Copper, use magnetic fields to heat cookware directly, making them more efficient and environmentally friendly. The project is part of a larger effort to promote clean energy and reduce greenhouse gas emissions in New York City.Advocates claim that induction stoves are a viable alternative to gas, which has jumped in price amid the Iran war and poses health risks to residents. The city is also working on a $32m pilot to replace gas stoves in 10,000 apartments across the New York City Housing Authority (NYCHA) system.While some states, including New York, California, and Hawaii, are stepping up to promote induction stoves through rebate programs, others are facing resistance from the gas industry and Republican politicians.

For the first time, the Joseph Rowntree Charitable Trust (JRCT) is creating a dedicated reparations role, appointing Prof. Keon West—a Rhodes Scholar and author of The Science of Racism—to lead the effort. West, who also serves as a visiting professor at the London School of Economics and heads research at the Runnymede Trust, will begin his tenure later this month. The appointment arrives amid intensifying global calls for former colonial powers to confront historic injustices. West’s mandate is to map how enslavement, indentured labour and European imperialism fed the supply chains of Rowntree’s iconic brands such as KitKat, Fruit Pastilles and Smarties. Founded in 1904 when philanthropist Joseph Rowntree endowed the trust with profits from his chocolate and cocoa ventures, JRCT operates on Quaker principles aimed at tackling the roots of inequality. Recent research, spurred by the Black Lives Matter movement, uncovered that African and Asian workers were exploited in Rowntree’s production lines throughout the 19th and 20th centuries. Historical investigations by the Rowntree Society revealed that, while the family never directly owned enslaved people, their businesses sold commodities produced by enslaved or unfree labour as far back as 1822. The company also benefitted from the indenture system, acquiring plantations in Dominica, Jamaica and Trinidad in the 1890s to grow cocoa, bananas and other crops. Further links to colonial exploitation include purchases of cocoa from Portuguese‑controlled São Tomé and Príncipe, as well as commercial interests in Nigeria, Ghana and apartheid‑era South Africa. In the early 1980s, Black workers at the South African subsidiary Wilson Rowntree faced harsh labour suppression. In 2021, JRCT issued a public apology, stating it was “deeply sorry” for its historical connections to “abhorrent practices” and acknowledging the lasting impact of these actions on systemic racism today. West will design a comprehensive reparations programme that engages directly with affected communities—“Black people, brown people and people of colour”—to develop long‑term restorative justice strategies. He said, "I am honoured to accept this role. It offers the power and the responsibility to make real, meaningful changes in the lives of those who have been exploited." JRCT chief executive Nicola Purdy expressed enthusiasm, noting that the reparations initiative aligns with the trust’s charitable purpose of promoting peace, equality, human rights and climate action. Financially, JRCT allocated £13.5 million in grants in 2025, supporting organisations that advance its core missions. In 2023, it contributed £10,000 to an all‑party parliamentary group advocating for a formal UK apology for slavery and colonisation. The Rowntree family, alongside fellow Quaker dynasties Fry and Cadbury, were central to the British confectionery trade during the colonial era. Their brand was later acquired by Nestlé in 1988, but the trust’s new reparations focus underscores a broader reckoning with the historical foundations of the industry.

The US government has taken legal action against Illinois for attempting to regulate the rapidly growing online prediction market industry. The lawsuit, filed in Chicago federal court, claims that Illinois' efforts to shut down so-called designated contract markets regulated by the Commodity Futures Trading Commission (CFTC) are unlawful.Online prediction markets allow users to bet on a wide range of events, from Oscar winners to military conflicts. These platforms classify their offerings as 'event derivatives,' which fall under federal commodities law and are overseen by the CFTC. This classification allows them to operate in all 50 states for users 18 and older.Illinois introduced legislation earlier this year that would impose strict regulations on prediction markets, including an effective ban on sports-related trades, advertising restrictions, and age verification measures. The CFTC argues that this legislation intrudes on its exclusive authority to regulate national swaps markets.The lawsuit is the first by the CFTC to block state gaming regulators from policing operators of prediction markets. It cites cease-and-desist letters sent by the Illinois gaming board to companies like Kalshi, Polymarket, and Crypto.com, alleging violations of Illinois gambling laws.The federal lawsuit names Illinois Governor JB Pritzker and Illinois Attorney General Kwame Raoul as defendants. The case highlights the ongoing debate over the regulation of prediction markets, with some arguing they are essentially gambling operations and others seeing them as federally regulated financial exchanges.Congress is also considering federal measures to regulate prediction markets, including a bipartisan bill introduced by US senators that would ban federally regulated platforms from allowing wagers on sporting events.

President Donald Trump has announced a new policy threatening to impose 100% tariffs on US pharmaceutical companies that do not agree to lower their drug prices. This move is part of his effort to address the high cost of prescription medications in the US.The tariffs will specifically target branded drugs and their active ingredients, while generic drugs, which account for over 90% of medicines sold in the US, will be exempt for at least one year. Additionally, certain specialty drugs, such as orphan, veterinary, and other specialty drugs, will be exempt if they are from countries with which the US has a trade deal or meet urgent public health needs.Drugmakers that enter into pricing agreements with the White House and onshore drug production will be exempt from the tariffs. Companies planning to increase their domestic manufacturing will face a 20% tariff that will escalate to 100% over four years.The policy has been met with criticism from industry groups, such as the Midsized Biotech Alliance of America (MBAA), which argues that it creates an "unfair two-tiered system" that benefits large companies with diversified portfolios.Trump has been under pressure to lower drug prices, with US patients often paying nearly triple what patients pay in other developed nations. The announcement comes as the White House faces pressure from consumers to address rising costs amid other tariff-related price increases and high gas prices triggered by geopolitical tensions.

Former Labour adviser Polly Billington – who served under Gordon Brown – has urged Prime Minister Keir Starmer to organise a global energy summit of the scale and urgency that marked the UK’s 2008 financial‑crisis intervention. She argues that the fallout from the US‑Israeli war on Iran is creating an energy shock “as big as the financial crash”, demanding a response of equal magnitude. Billington warned that the economic pain from soaring energy prices is “hurtling down the tracks”, threatening living standards and providing fertile ground for extremist politics. She stresses that the price surge will be neither temporary nor confined to a single region. While she praised the government’s initiative to bring together 35 nations to discuss reopening the Strait of Hormuz, Billington insists that a broader, coordinated effort is required to stabilise energy markets, protect supply chains, and accelerate the transition away from fossil fuels. “We could be bringing together allies to agree emergency cooperation to stabilise energy markets, protect supply chains, coordinate strategic reserves, and accelerate the global transition away from fossil fuels,” she told The Guardian. “Energy security is inseparable from global security; otherwise we face a ‘Hunger Games’ world of resource conflict, scarcity and coercion.” Her call comes amid growing unease among Labour MPs who fear the government is under‑reacting to the domestic impact of the war. Rising petrol prices, higher energy bills and inflation are already prompting concerns about electoral repercussions. At a recent press conference, the Prime Minister announced that the Treasury is drafting targeted support for households most affected by energy costs, should the conflict persist. Yet opposition parties are pushing divergent solutions: Reform UK and the Conservatives advocate increased domestic drilling, the Liberal Democrats propose a 10p fuel‑duty cut and VAT relief for electric‑vehicle charging, while the Greens call for universal energy‑bill support. The Scottish National Party demanded an emergency parliamentary recall, accusing the government of “sleepwalking into a crisis”. Billington argues that a true “war‑footing” approach must focus on reducing Britain’s reliance on fossil fuels. She praises the Treasury’s decision to avoid a blanket bailout, suggesting instead that households install plug‑in solar panels on balconies and gardens – likening them to Anderson shelters in the Second World War – to bolster collective resilience and lower bills. She adds that no policy option should be dismissed as “too radical”, urging the government to consider all measures that could cut exposure to gas and oil. Another Labour MP echoed the sentiment, stating that merely highlighting bill reductions is insufficient when headlines indicate that prices are set to rise sharply due to the Iran conflict. “I want to hear a concrete Labour plan,” he said. On Thursday, Liberal Democrat leader Ed Davey branded the rising fuel costs a “Trump‑Farage‑Badenoch tax”, calling for immediate action to mitigate the economic fallout of the war and keep Britain moving.

Nasrin Sotoudeh, a prize-winning Iranian human rights lawyer, has been arrested in Tehran, according to her family. Her daughter, Mehraveh Khandan, reported that Sotoudeh was taken from her home in Tehran late on Wednesday, and her whereabouts are currently unknown.Khandan suspects that the arrest may be linked to Sotoudeh's recent interviews about the war, in which she criticized the government. Sotoudeh has a history of representing political prisoners, including opposition activists and women prosecuted for removing their mandatory headscarf. She has won numerous awards, including the 2012 Sakharov Prize from the European Parliament and the 2020 Right Livelihood Award.This arrest comes amid concerns about a rise in executions in Iran, which activists believe is being overshadowed by the ongoing war. The country is currently under a communications blackout, with internet shutdowns and restrictions on international calls. Sotoudeh's health is a significant concern, given her heart condition that worsens under severe stress.Sotoudeh's husband, Reza Khandan, has also been imprisoned since December 2024 for producing and distributing badges with the slogan “I oppose compulsory hijab”. The family is worried about Sotoudeh's health and the psychological pressure she may face if imprisoned again.

Salah Sarsour, a Palestinian-born legal permanent resident of the United States and president of the Islamic Society of Milwaukee, was detained by nearly a dozen US Immigration and Customs Enforcement (ICE) agents on Monday in Milwaukee.His attorneys claim that the detention is based on unsubstantiated grounds that he poses a foreign policy threat, which they argue has no merit. They believe Sarsour was targeted for speaking out against Israel and due to a conviction as a minor by Israeli military courts.“Our government should not be doing the bidding of a foreign government,” said attorney Munjed Ahmad, suggesting that the detention aims to stifle discourse on the Palestinian narrative. Sarsour, 53, has no criminal record in the US and has been a green card holder for years.The arrest has prompted outcry from local officials, including Milwaukee’s mayor, Cavalier Johnson, who called it “an outrage.” Sarsour is being held at a county jail outside Indianapolis, and his attorneys have filed a petition seeking his release.

Blue Owl Capital, a leading private credit investment firm, has imposed a cap on withdrawals after investors attempted to redeem $5.4bn from two of its key funds. This move comes as a sign of dwindling confidence in the unregulated lending market.The New York-based firm revealed in filings that investors sought to withdraw 21.9% of the $20bn Credit Income Corp fund and 40.7% of its $3bn tech lending fund between January and March.The surge in redemption requests is attributed to growing concerns over potentially risky loans arranged by private credit firms, which operate outside the traditional regulated banking system. These firms are seen as particularly exposed to the AI spending boom.To manage the outflow, Blue Owl will limit withdrawals to 5% of the value of each fund per quarter. The firm stated that this decision was made to balance the interests of both withdrawing and remaining shareholders.Despite the increase in withdrawal requests, Blue Owl emphasized that underlying credit fundamentals across its portfolio have remained resilient. The firm attributed the surge in withdrawals to a period of heightened negative sentiment toward the asset class.The private credit industry has faced growing scrutiny over potentially weak lending standards, following a series of company failures, including Tricolor and First Brands. Regulators and industry experts have warned of potential ripple effects that could impact high street banks.The Bank of England's governor, Andrew Bailey, has cautioned against dismissing recent private credit failures as isolated incidents, citing concerns over transparency and potential risks across the sector.