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The US Treasury Department has taken a strong stance against the Financial Times (FT), formally requesting a retraction of a report that suggested Treasury Secretary Scott Bessent had discussed increasing oversight of the Federal Reserve in a manner similar to the Bank of England's model. In a detailed email to senior editors at the FT and its parent company, Nikkei Inc., Treasury officials disputed multiple claims in the story, criticizing the headline as misrepresenting the underlying reporting. The FT had reported on March 26 that Bessent had discussed adopting practices similar to the Bank of England, including regular communication between the Fed governor and the US Treasury Secretary over inflation targets. Treasury officials denied that Bessent had endorsed such views or discussed adopting similar practices in Washington. They also took issue with the headline, which stated that Bessent had 'praised' the Bank of England model for tighter oversight, a claim that did not appear in the text of the story. “The Secretary has never made any of the above statements in public or private,” Elliott Hulse, the acting assistant secretary for public affairs, wrote in the email. “At no time has the secretary ‘discussed tightening the US Treasury’s oversight of the Federal Reserve by adopting elements of the Bank of England’s model in a step that would shake up the central bank’s relationship with government.’” The FT responded by stating they were confident in the accuracy of their story, including US Treasury responses in the article. This incident highlights the sensitivity surrounding the Federal Reserve's political independence, especially following Donald Trump's repeated threats to fire Fed Chair Jerome Powell for not reducing borrowing costs as requested. Investors prioritize the Fed's independence in making policy decisions, as political pressure could lead to rapid inflation and subsequent sharp rate increases. The Treasury's actions mark an effort to discredit the FT report, with Bessent himself denying the claims on social media.

Senegal's national football team took to the pitch at the Stade de France with the Africa Cup of Nations (Afcon) trophy, defiantly displaying their claim to the title despite being stripped of it earlier this month. The team, led by coach Pape Thiaw, paraded the trophy before their World Cup warm-up game against Peru, which they won 2-0.Nicolas Jackson scored four minutes before half-time and Ismaïla Sarr added a second in the 54th minute as Senegal secured their first win since January's Cup of Nations final. The team's captain, Kalidou Koulibaly, and his teammates came out on to the pitch with the Afcon trophy for a lap of honour after a pre-match concert by the Senegalese singer Youssou N'Dour.Senegal have launched a legal battle against the decision to strip them of the trophy and award it to Morocco. The Caf appeal board awarded Morocco a 3-0 victory on 17 March because Senegal staged a 14-minute walk-off during January's final in Rabat in protest against the award of a penalty to the hosts in added time immediately after Senegal had had a goal ruled out.Coach Pape Thiaw emphasized that his team considers themselves African champions, stating, 'We know we're African champions. We're going to keep working to win more trophies. It's clear in our minds that competitions and trophies are won on the pitch.'Thiaw also highlighted the importance of not getting distracted by the controversy, saying, 'The most important thing is not to get distracted.' Senegal lodged an appeal this week with the Swiss-based court of arbitration for sport.In a related development, Morocco drew 1-1 against Ecuador on Friday in a friendly in Madrid, their first match since the final and the controversial decision to punish Senegal. Morocco's coach, Mohamed Ouahbi, expressed satisfaction with the draw against the 'African champions,' highlighting the strength of his team.

Kimi Antonelli secured pole position for the Japanese Grand Prix, continuing Mercedes' dominant start to the new Formula One season. Antonelli's impressive lap time of 1 minute 28.778 seconds edged out his teammate George Russell by just under three-tenths of a second.The result marks Mercedes' third consecutive front-row lockout, with their nearest competitor, McLaren's Oscar Piastri, over three-tenths of a second behind. Charles Leclerc took fourth for Ferrari, while Lewis Hamilton qualified in sixth.The performance is a significant boost for Antonelli, who currently trails Russell by just four points in the drivers' championship. His consistent pace and confidence in the car have made him a strong contender in the title fight this season.In a surprising turn of events, Max Verstappen was knocked out in Q2, managing only 11th place with his teammate Isack Hadjar qualifying in eighth. Verstappen's struggles with the Red Bull car were evident, with him describing it as 'completely undriveable' during qualifying.Antonelli's pole position sets him up for a strong challenge in the Japanese Grand Prix, but he can expect competition from the fast-starting Ferraris of Hamilton and Leclerc.

The escalating tensions with Iran have sparked concerns about a potential price crisis that could have significant repercussions on the global economy. While the immediate focus is on the energy sector, analysts warn that the impact will not be limited to oil prices alone.The conflict's effects are expected to ripple through various industries, influencing markets and economies worldwide. As the situation continues to unfold, experts stress the need for a comprehensive understanding of the crisis's broader implications.Iran plays a crucial role in the global energy landscape, but the consequences of a protracted conflict will likely be felt across multiple sectors, potentially leading to a complex and multifaceted economic crisis.

Ukraine has announced a defence agreement with Saudi Arabia, described by President Volodymyr Zelenskyy as a mutually beneficial arrangement. The deal, which lays the groundwork for future contracts and technological cooperation, was made ahead of a meeting with Saudi Crown Prince Mohammed bin Salman.Zelenskyy stated that the agreement will facilitate technological cooperation and investment between the two nations. Saudi Arabia has not officially confirmed the pact.The partnership comes at a time when Gulf countries, including Saudi Arabia, are under attack by Iran. Since the US and Israel began their military campaign against Tehran on February 28, Riyadh has intercepted hundreds of drones and dozens of missiles. On Friday, the Saudi defence ministry reported that at least six missiles were intercepted.Ukraine, which has long battled Russian drones, is well-positioned to assist Gulf countries in countering Iranian attacks. Kyiv has become a major producer of cheap but efficient interceptor drones to counter Moscow's waves of drone attacks. In one of Russia's largest wartime aerial attacks on Ukraine, it launched 948 drones within 24 hours, killing two people.“This winter alone, Russia launched over 19,000 drones into Ukraine, just to give some perspective on how much experience they do have in shooting down drones,” said Al Jazeera’s Audrey MacAlpine, reporting from Kyiv. Ukraine has deployed 201 anti-drone experts to the Middle East to assist in the defence against Iranian attacks.

Kano’s bustling Sabon Gari Market has turned into a frontline for Nigeria’s growing e‑waste dilemma. Residents like Marian Shammah, a 34‑year‑old cleaner, purchase second‑hand refrigerators for as little as 50,000 naira (≈ $36), only to see them fail within weeks, forcing them back to the market for another replacement. For many Nigerians, imported used appliances are perceived as more durable than locally produced models, despite the fact that a substantial portion arrives already defective. UN data indicate that roughly 60,000 tonnes of used electronics reach Nigeria each year, with at least 15,700 tonnes damaged on arrival. A 2015‑2016 UN tracking study found that over 85 % of these imports originated from Germany, the UK, Belgium, the Netherlands, Spain, China, the United States and Ireland. These shipments frequently breach the Basel Convention, the international treaty that restricts the export of hazardous e‑waste to countries with weaker environmental safeguards. Yet, exporters exploit loopholes—labeling cargo as “personal effects” or “for repair”—to evade thorough inspections. Health experts warn that the fallout is severe. E‑waste contains substances such as mercury, lead, and banned refrigerants (R‑12, R‑22) that persist in the environment for decades. Informal recyclers in Kano dismantle appliances without protective gear, inhaling toxic fumes and handling heavy metals, which leads to chronic respiratory problems, skin irritation, and even reproductive issues. A recent study by the International Journal of Environmental Research and Public Health linked these symptoms to long‑term toxic exposure among workers and nearby residents. Local medical professionals echo these concerns. Dr. Ushakuma Michael Anenga of the Benue State Teaching Hospital highlighted that heavy‑metal contamination and refrigerant gases jeopardize both respiratory and renal health, especially for children and pregnant women. Economically, the trade offers a false bargain. While a second‑hand fridge may cost half the price of a new unit, failures within months impose hidden costs—spoiled food, repeated purchases, and lost income for small business owners. Vendors such as Umar Hussaini admit that many items are sold “as is,” without warranties or functional testing, and that a significant share of imports arrive with faults. Nigeria’s regulatory body, the National Environmental Standards and Regulations Enforcement Agency (NESREA), asserts that imports are permitted only when they meet strict functionality criteria. In practice, however, traders often declare goods as household items to bypass scrutiny, and enforcement remains uneven. Industry observers argue that the profit margins for exporters and local brokers—who capitalize on the price differential between costly recycling in Europe and high demand for affordable “tokunbo” goods in Nigeria—are driving the continued influx. Ibrahim Adamu of the NGO Ecobarter calls for reinforced border inspections and extended producer responsibility schemes to shift the financial burden of safe disposal back onto manufacturers. With estimates that up to three‑quarters of imported electronics may be essentially junk, the situation underscores a broader systemic issue: wealthy nations offload hazardous waste while developing economies bear the environmental and health consequences. Until comprehensive enforcement and international accountability mechanisms are established, Nigerian consumers like Shammah will remain caught between the need for affordable appliances and the risk of repeated loss.

The ongoing United States-Israeli conflict with Iran has triggered severe disruptions to global LNG supplies in the Gulf, creating the most significant energy market disruptions in recent years. The critical Strait of Hormuz, through which 27 percent of the world's maritime oil trade and 20 percent of LNG shipments pass, has been brought to a near standstill.In response to the conflict, oil-producing nations such as Saudi Arabia have rerouted oil through alternative pipelines, while Qatar has completely halted LNG production at its Ras Laffan and Mesaieed facilities following attacks on its energy infrastructure. This disruption comes as natural gas makes up about a quarter of global energy consumption, raising widespread concerns about the impact on nations heavily reliant on gas imports.Natural gas is formed over millions of years from decomposed organic matter subjected to intense heat and pressure beneath the Earth's surface. LNG represents natural gas that has been cooled to -162 degrees Celsius through cryogenic processing, shrinking it to a 600th of its gaseous volume. In its liquid state, LNG is colorless, odorless, and non-flammable, making it safe and efficient to transport across vast distances.Before liquefaction, the gas undergoes purification through water-based solvents and molecular sieve beds to remove impurities including carbon dioxide, hydrogen sulfide, water, and mercury. Heavier hydrocarbons are then separated from methane and ethane through fractionation. The resulting fuel is typically composed of 85 to 95 percent methane, with small amounts of ethane, propane, butane, and nitrogen.LNG is stored in large insulated tanks without requiring high-pressure infrastructure, then pumped onto double-hulled carriers for shipment to terminals worldwide. At destination facilities, LNG is heated using seawater or warm water baths until it vaporizes—a process known as regasification—before being distributed through pipelines for consumption.Once returned to a gaseous state, LNG serves multiple purposes globally. Residential applications include cooking, heating, and electricity generation, while supporting hot water systems in homes and heating for commercial buildings. In power generation, LNG offers a comparatively low-carbon alternative to coal and oil. Industrial applications span fertilizers, plastics, paints, and medicines, with LNG also used to fuel heavy-duty vehicles and ships.The disruption has particularly affected agricultural production, as Gulf nations export close to half the world's traded urea—a key fertilizer component. Natural gas serves as both the primary feedstock and fuel for fertilizer manufacturing, with the halt in production forcing producers across the region to suspend or reduce operations.While primarily valued as an energy source, LNG processing yields significant by-products with industrial and medical applications. The most notable is helium, extracted during cryogenic processing. With global helium production estimated at 180 million cubic meters annually, the disruption to Qatar's LNG facilities has removed approximately 5.2 million cubic meters from the market each month—accounting for about a third of global monthly production.Helium is critical for cooling superconducting magnets in MRI and CT scanners, with the average MRI machine requiring about 1,700 liters of liquid helium. The element is also vital to the data center industry, where it conducts heat away from silicon components, preventing damage to semiconductors. Additionally, the natural gas value chain generates petrochemical derivatives that serve as feedstock for manufactured goods, including medical-grade plastics.According to the International Gas Union's 2025 World LNG Report, 411.24 million tonnes of LNG were traded in 2024. The United States emerged as the largest exporter with 88.4 million tonnes, followed by Australia (81 million tonnes), Qatar (77.2 million tonnes), Russia (33.5 million tonnes), and Malaysia (27.7 million tonnes). Together, these top five suppliers account for more than three-quarters of global LNG supply.China was the largest importer with 78.6 million tonnes in 2024, followed by Japan (67.7 million tonnes), South Korea (47.1 million tonnes), India (26.1 million tonnes), and Taiwan (21.8 million tonnes). These top five importers constituted nearly 59 percent of all global LNG imports that year.South Asian nations face particularly severe risks from the current conflict. Pakistan, where natural gas accounts for 28 percent of electricity generation for its 250 million people, and Bangladesh, where gas supplies half of all electricity for its 176 million population, are heavily dependent on Gulf imports. Qatar and the United Arab Emirates supply approximately 99 percent of Pakistan's LNG imports and 72 percent of Bangladesh's.In response to the energy crisis, Pakistan has implemented emergency measures including a four-day workweek for government employees and extended school holidays. Bangladesh has reduced gas supplies and is seeking nearly $2 billion in international loans to fund energy inputs and maintain price stability. India, which relies on Gulf nations for about half of its LNG and generates 5 percent of its electricity from gas, has shifted toward coal usage as LNG disruptions continue.

Australia's recent introduction of 'hate speech' laws has sparked controversy, with human rights groups warning that the legislation could be used to suppress legitimate criticism of Israel's actions in Palestine. The laws, which were rushed through the New South Wales federal parliament in January, specifically target speech considered anti-Semitic and carry a maximum penalty of two years' imprisonment for those found guilty. Arif Hussein, senior lawyer at the Human Rights Law Centre, has expressed concerns that the legislation could be used to unfairly impact peaceful protest and speech regarding Israel's actions in Palestine. “There are serious concerns that the new laws could have a chilling effect on legitimate activism and protest and unfairly impact peaceful protest and speech regarding Israel’s actions in Palestine,” Hussein said. The laws have been introduced in response to a mass shooting at Sydney's Bondi Beach in December, which killed 15 people. However, critics argue that the legislation prioritizes the protection of the Jewish community over other vulnerable groups. Greens party spokesperson Senator David Shoebridge has criticized the laws, saying they were 'deliberately designed to not protect' vulnerable communities such as Muslims, women, and LGBTQ+ Australians. “Unfortunately, the Albanese Labor government and the Liberals made the decision to protect just one religion,” he said. The laws have also been criticized for their broad and poorly defined criminal powers, which could be used against legitimate human rights groups, including those focused on Palestine. Police powers across Australia have also been strengthened to crack down on pro-Palestine protests, with reports of excessive force used against demonstrators. The controversy surrounding the laws highlights the challenges of balancing free speech with the need to combat hate speech and protect vulnerable communities.

The UK government has introduced new guidelines on screen time for children under five, developed by a panel led by the children's commissioner for England, Rachel de Souza, and children's health expert Prof Russell Viner. Children under two years old should avoid screen time except for shared activities that encourage interaction, while children between two and five years old should limit screen time to no more than one hour a day. The guidance also advises against fast-paced, social-media style videos and AI tools, which may affect how young children learn to concentrate. Instead, it suggests 'safe screen swaps' such as replacing screens at mealtimes with background music, conversation, table games, or coloring. Parents are encouraged to prioritize activities that promote language, problem-solving skills, self-control, and social understanding, such as reading together, playing simple games, and back-and-forth conversations. The guidance acknowledges that some children with special educational needs or disabilities may need to use screens to help them communicate and participate in everyday activities. Experts warn that excessive screen time can harm children's development, with 90% of brain growth happening before the age of five. The advisory panel emphasizes the importance of parental example, as children's brains are like 'sponges' and will mimic their screen use habits. Examples of shared screen activities include video calls with relatives or looking at family photos together, which represent constructive joint screen use. The guidance also recommends avoiding screens for an hour before bedtime and reading stories together instead. By adopting these guidelines, parents can help promote healthy screen use habits and support their child's overall development.