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Business Apr 06, 2026

JPMorgan CEO Jamie Dimon Calls for Stronger US Economic Alliances as Iran Conflict Fuels Oil Shock and Implicitly Rebukes Trump

In his annual shareholder letter, JPMorgan chief Jamie Dimon warned that weakening economic ties am…
Jamie Dimon, chairman and chief executive of JPMorgan Chase, used his highly‑watched annual letter to shareholders to press the White House to strengthen economic cooperation with U.S. allies, warning that a decline in shared prosperity could produce "truly adverse consequences" for democratic nations.His message arrives as the Iran‑Israel conflict enters its sixth week, a war that has already rattled global energy markets. Economists cited in the letter caution that prolonged fighting could push oil prices above $170 a barrel, a level capable of triggering a worldwide recession.Dimon’s appeal is widely read as a thinly‑veiled rebuke of President Donald Trump. Earlier this year, Trump filed a $5 billion lawsuit against Dimon and JPMorgan, accusing the bank of “de‑banking” him. The timing of Dimon’s comments—just days after Trump’s aggressive rhetoric urging foreign governments to "go get your own oil"—underscores the growing rift between the bank’s leadership and the administration."Economic weakening of the world’s democracies or a fragmentation of their economic bonds could lead to truly adverse consequences," Dimon wrote. He warned that adversarial states aim to make allies less dependent on the United States, potentially turning them into economic “vassals” of hostile regimes.Beyond geopolitics, Dimon highlighted the broader macro‑economic outlook. He warned that the war could generate "sticky" inflation, higher commodity prices, and disrupted supply chains, which together may force interest rates higher than markets currently anticipate. He echoed other economists in warning that inflation could rise rather than fall in 2026.Despite these challenges, Dimon expressed optimism about the U.S. economy, affirming his belief that "the American Dream is alive." He also turned to emerging technology, noting that artificial intelligence could deliver breakthroughs in healthcare, manufacturing, and safety, ultimately shortening the work week and extending life expectancy.Dimon’s annual letter—spanning nearly 50 pages and more than 20,000 words—remains a barometer for Wall Street sentiment. In it, he also critiqued the administration’s tariff policy, arguing that while tariffs have forced renegotiations, a comprehensive foreign‑economic strategy should promote growth both for the United States and its partners.As transatlantic relations strain under soaring energy costs and divergent trade policies, Dimon’s call for a coordinated economic front underscores a pivotal moment: the United States must decide whether to lead a cohesive democratic coalition or risk ceding influence to autocratic powers.
#dimon #trump #his
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Economy Apr 06, 2026

UK Farm Inheritance Tax Reform Raises Threshold but Triggers Major Succession Challenges

A revised UK inheritance tax regime for farms and family businesses, effective Monday, lifts the ta…
The United Kingdom’s new inheritance tax framework for agricultural holdings and family enterprises takes effect on Monday, and accountants warn it will create significant challenges for those affected.After the government’s October 2024 proposal to impose inheritance tax on farms sparked nationwide protests, ministers responded in December 2025 by raising the tax‑free threshold from the originally planned £1 million to £2.5 million per individual.Under the revised rules, the first £2.5 million of combined farm and business assets will continue to enjoy 100 % relief from inheritance tax, while any value exceeding that amount will receive only 50 % relief. Each heir is allocated a personal allowance of £2.5 million.Elsa Littlewood, private‑client partner at BDO, described the rollout as a watershed moment for the farming and family‑business community. She acknowledged the “welcome concessions” but stressed that the new regime represents a “significant departure” from previous policy, demanding earlier and more intensive succession planning.Littlewood highlighted that many farms are “asset‑rich but cash‑poor,” meaning the revised tax structure could force beneficiaries to liquidate land or other assets to meet inheritance‑tax liabilities. This risk underscores the need for owners to engage in proactive estate planning to preserve the long‑term viability of their enterprises.While the threshold increase was applauded by some sector representatives, critics argue the changes remain insufficient to quell rural anger, noting that only the largest estates will now face higher tax bills.
#UK government #HM Revenue & Customs #National Farmers' Union
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Politics Apr 06, 2026

Trump's Iran War Enters Sixth Week with No End in Sight

The US war on Iran has entered its sixth week, with no clear end in sight. The conflict has resulte…
The US war on Iran has now entered its sixth week, with the conflict showing no signs of abating. What was initially touted as a 'precise, overwhelming military campaign' to eliminate 'an imminent nuclear threat' has instead become a protracted and costly endeavor. The war has resulted in rising costs for the US in military equipment and personnel, and has had a significant impact on energy markets, with forecasts of a potential global economic recession in the event of a prolonged conflict.The conflict has also highlighted the Iranian regime's capacity for asymmetric warfare, with the country deploying cheap drones and missiles to disrupt energy facilities and compromise economies in the Gulf region. The closure of the Strait of Hormuz, a critical waterway for global oil shipments, has also had a significant impact on the war effort, with the US and its allies struggling to reopen it.The US's failure to understand the Iranian regime's subjective complex dynamics has been a significant factor in the conflict's prolongation. The regime's ability to withstand pain and prolonged escalation without a clear scenario of military victory against a superpower has been underestimated, and its proxy groups, such as Hezbollah and the Houthis, have proven to be effective in advancing its interests and preventing outcomes that weaken or isolate it further.The conflict has also highlighted the diverging definitions of victory between the US and Iran, with the US seeking a swift and decisive victory, while Iran is focused on maintaining its viability on its own terms in the face of American hegemony. As the war continues, the question remains: how will this conflict end?
#Donald Trump #Iran #US Department of Defense
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Film Apr 06, 2026

Rediscovering Elvira Notari: Italy’s Forgotten Female Filmmaker Revived in ‘Beyond Silence’ Documentary

A new documentary, *Elvira Notari: Beyond Silence*, restores the legacy of Italy’s pioneering femal…
Elvira Notari—Italy’s first and most prolific female filmmaker—crafted a vivid portrait of early‑20th‑century Naples through melodramas such as È piccerella (1922). The film opens with bustling pilgrimage scenes at the Candelora festival, juxtaposing flamboyant revelry with stark images of poverty, a visual strategy that challenged the sanitized narratives favored by the fascist regime.According to film scholar Giuliana Bruno, Notari’s work was driven by a desire to document reality, exposing class tensions and gendered oppression that Mussolini’s censors deemed unacceptable. A 1928 censorship law explicitly banned Neapolitan films featuring “stallholders, beggars, urchins, dirty alleyways,” effectively silencing Notari’s authentic street‑level storytelling.Despite directing around 60 feature films—many hand‑coloured—alongside her husband Nicola at Dora Film, only three titles (A Santanotte, È piccerella, Fantasia ‘e surdato) and fragments survive today, a loss directly attributable to fascist suppression and the prohibitive cost of sound‑film conversion.The newly released documentary Elvira Notari: Beyond Silence, produced by Antonella Di Nocera and directed by Valerio Ciriaci, reconstructs Notari’s fragmented career by collaborating with contemporary “artisans”—photographers, visual artists, novelists, and musicians who reinterpret her silent‑film aesthetics. Ciriaci notes that the absence of personal archives made the film’s investigative approach essential, turning Notari’s silence into a creative catalyst.Critics emphasize Notari’s lasting influence on Italian‑American auteurs such as Francis Ford Coppola and Martin Scorsese. Elements of her chaotic street festivals anticipate the wedding scenes in *The Godfather* and *Goodfellas*, while her raw urban tableaux echo the gritty New York sequences of *Taxi Driver*.Beyond cinematic technique, scholars like Cristina Jandelli argue that Notari’s intertitles reveal a pronounced class consciousness and a critique of women’s marginalisation in early 20th‑century Italy. Her use of Neapolitan dialect and unvarnished depictions of squalor directly opposed the regime’s propaganda‑driven vision of a unified, pristine Italy.After Dora Film collapsed in 1930, Notari retired to Cava de’ Tirreni and died in 1946, largely forgotten until recent scholarly revival. The documentary positions her as a “symbol of the right to memories,” underscoring the ongoing relevance of silenced female voices in cultural history.*Elvira Notari: Beyond Silence* will premiere at New York’s Film Forum on 6 April 2026 and tour the United Kingdom throughout April and May, offering audiences a chance to reconnect with a pioneering filmmaker whose work was once erased by fascism.
#notari #her #she
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Politics Apr 05, 2026

US Revokes Green Cards of Qassem Soleimani’s Niece and Daughter as Iran Conflict Intensifies

The U.S. State Department stripped permanent residency from Hamideh Soleimani Afshar, Qassem Soleim…
The United States has revoked the permanent residency of two women identified as relatives of the late Quds Force commander Qassem Soleimani, the former head of Iran’s Islamic Revolutionary Guard Corps foreign arm.According to a State Department statement released on Saturday, Hamideh Soleimani Afshar—Soleimani’s niece—and her daughter were arrested on Friday night and are now in the custody of Immigration and Customs Enforcement (ICE), which is seeking their removal from the country.The decision has sparked a debate over the limits of free‑speech protections in the United States and whether family members should be penalised for the actions or affiliations of their relatives.In its release, the State Department described Afshar as “an outspoken supporter of the totalitarian, terrorist regime in Iran,” adding that such rhetoric would not be tolerated under the Trump administration. The statement read: “The Trump Administration will not allow our country to become a home for foreign nationals who support anti‑American terrorist regimes.”Iranian media, however, quoted Afshar’s daughter, Zeinab Soleimani, who denied any connection to the late Quds Force leader, stating, “The individuals arrested in the United States have no connection whatsoever to martyr Soleimani, and the claim made by the US State Department is false.”The arrests occur at the five‑week mark of the U.S.‑Israel war on Iran, which began on February 28, 2026.This is the second known instance this month that the Trump administration has stripped legal immigration status from individuals allegedly linked to senior Iranian figures.Secretary of State Marco Rubio took to social media to claim credit for the action, writing, “This week, I terminated both Afshar and her daughter’s legal status.” He added that Afshar had “celebrated attacks on Americans and referred to our country as the ‘Great Satan.’”The State Department also highlighted Afshar’s “lavish lifestyle” in Los Angeles and noted that her husband has been barred from entering the United States.Similar pressure was applied earlier this month to Fatemeh Ardeshir‑Larijani, the daughter of the late Iranian official Ali Larijani. Both she and her husband, Seyed Kalantar Motamedi, had their U.S. immigration status revoked and were prohibited from re‑entering the country. Larijani, a former head of Iran’s Supreme National Security Council, was killed in an Israeli airstrike on March 17.The moves reflect growing influence from conservative politicians and activists demanding the expulsion of individuals with familial ties to Iran’s leadership.Far‑right influencer and Trump ally Laura Loomer claimed she had reported Afshar to the State Department and thanked Rubio, calling the removal a “big scalp.” An online petition on Change.org, launched two months ago, had already gathered more than 4,000 signatures calling for Afshar’s deportation.Ardeshir‑Larijani, who previously worked in oncology at Emory University’s School of Medicine, became a target of protests after Iran’s crackdown on anti‑government demonstrators in December and January. A separate Change.org petition demanding her deportation amassed 157,017 signatures by Saturday.The petition emphasized her familial links to Iran’s Supreme Leader Ali Khamenei, who was killed on the first day of the war, arguing that while she lives peacefully in the U.S., “countless young Iranians are dying in Iran due to the policies and decisions made by Ali Khamenei and his inner circle, including her father.”U.S. Congressman Earl “Buddy” Carter of Georgia echoed the call, urging that Ardeshir‑Larijani’s medical license be revoked. He wrote, “America’s medical institutions must not serve as a safe harbor for individuals connected by blood and loyalty to regimes that openly call for the death of Americans.”According to Emory’s student newspaper, The Emory Wheel, Ardeshir‑Larijani was no longer employed by the university as of January.
#Qassem Soleimani #Hamideh Soleimani Afshar #Marco Rubio
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World Apr 05, 2026

Paris’s 12‑Year Shift from Car‑Centric Streets to a Bike‑Friendly 15‑Minute City

Over the past dozen years, Paris transformed its streets by planting 155,000 trees, adding hundreds…
When Corentin Roudaut arrived in Paris a decade ago, he swapped his student‑era bike for a car, daunted by the city’s traffic and lack of cyclist protection. After a protected lane opened on Boulevard Voltaire in the 11th arrondissement, he reclaimed his two‑wheel commute and now volunteers with the cycling advocacy group Paris en Selle, witnessing a city that has shed its car‑centric image.Roudaut notes that the shift “started slowly but really accelerated in the last ten years,” with a growing network of bike routes that is becoming safe and nearly complete in many districts.Mayor Anne Hidalgo’s 12‑year agenda reshaped Paris’s urban fabric. Since taking office in 2014, her administration planted 155,000 trees, created several hundred kilometres of segregated bike lanes, pedestrianised 300 school streets, and banned cars from the banks of the Seine. Former parking spaces have been turned into green plazas and café terraces, reducing the risk of children being hit while walking to school.As Hidalgo departs on Sunday, her legacy is touted as a blueprint for progressive European cities, especially as some national governments retreat from green initiatives.Nevertheless, the reforms have sparked pushback. Motorists object to the loss of road space, and recent referendums on higher parking charges for SUVs and further school‑street pedestrianisation suffered low voter turnouts. Right‑wing mayoral candidate Rachida Dati described the new public‑space regime as “anxiety‑inducing,” though she stopped short of promising a reversal.In a candid interview, Hidalgo described the Seine‑bank pedestrianisation as “a tough battle” that, once won, left residents reluctant to revert to car traffic. She highlighted a generation of children who have never known cars on those riverbanks, prompting awe‑filled reactions from visitors.Urban scholars attribute the rapid change to Paris’s tight administrative boundaries, which limit suburban influence on city transport decisions, and to groundwork laid by previous mayors. Yet they stress that political courage was essential to implement measures that inconvenienced drivers while delivering social and environmental benefits.Environmental epidemiologist Audrey de Nazelle of Imperial College London, a Paris native, praised the transformation as “fabulous” and warned that many cities lack the bravery to pursue similar legacies.A recent report placed Paris among 19 global cities that cut two major toxic air pollutants between 2010 and 2024. While Brussels and Warsaw saw faster declines in fine‑particle matter, London outpaced Paris in reducing nitrogen‑dioxide levels.By contrast, Berlin—despite opening a new inner‑city motorway and scrapping 30 km/h speed limits on key streets—still records a higher share of cyclists than Paris.Transport researcher Giulio Mattioli argues that Paris simply needed to add bike lanes to unlock latent demand, noting that the city started from a lower baseline but quickly caught up with peers.However, the transformation remains uneven. The extensive suburbs continue to be dominated by cars, hemmed in by the 35 km Boulevard Périphérique ring road. Analyst Jean‑Louis Missika of think‑tank Terra Nova stresses that “as long as this motorway encircles Paris, the Greater Paris metropolis will remain an administrative construct devoid of urban reality.” He calls for dismantling or repurposing the ring road to achieve a truly post‑car metropolis.
#paris #city #cars
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News Apr 04, 2026

Iran Hangs Two PMOI Members Amid Ongoing US‑Israeli Conflict, Raising International Human‑Rights Alarm

Iran executed two men convicted of membership in the banned People’s Mojahedin Organization of Iran…
Iran carried out the execution of Abolhassan Montazer and Vahid Baniamerian on Saturday morning, following a Supreme Court ruling that confirmed their death sentences for membership in the outlawed People’s Mojahedin Organization of Iran (PMOI/MEK) and involvement in "armed rebellion" through multiple terrorist acts. The two men were hanged after a Revolutionary Court sentenced them in late 2024, a case that underscores Tehran's intensified crackdown on dissent amid the US‑Israeli war on Iran that began on February 28. This latest execution follows the hanging of four other PMOI members—Mohammad Taghavi, Akbar Daneshvarkar, Babak Alipour and Pouya Ghobadi—on March 30‑31, bringing the total number of executed opposition figures to six since the conflict escalated. The PMOI condemned the hangings in an April 2 statement, labeling Tehran's actions a "futile" attempt to suppress opposition and warning that such brutality will only fuel the resolve of Iran’s youth to challenge the regime. Human‑rights groups have also decried the executions. Amnesty International reported that the men were allegedly tortured while in custody and transferred to an undisclosed location shortly before their deaths. The organization warned that additional protesters—some sentenced to death for participation in the January anti‑government demonstrations—could face execution after being moved from Ghezel Hesar prison. Amnesty’s deputy regional director for the Middle East and North Africa, Diana Eltahawy, said, "It is unconscionable that even as the population endures mass bereavement from aerial bombardments, the Islamic Republic continues to weaponize the death penalty to eradicate dissenting voices and terrorise its people." The wave of hangings also includes the case of Kouroush Keyvani, a dual Iranian‑Swedish national convicted of spying for Israel, whose execution sparked outrage in Stockholm and the European Union. Another individual convicted of acting on behalf of Israel and the United States during the protests was executed on Thursday. These developments occur against a backdrop of intensified military confrontations, with Iran reporting the downing of U.S. aircraft and ongoing aerial bombardments by Israel and the United States, further complicating the nation’s internal security landscape. International observers warn that the continued use of capital punishment as a tool of political repression not only violates human‑rights norms but also risks deepening regional instability as the war persists.
#iran #convicted #pmoi
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Us News Apr 04, 2026

Trump’s Unchecked Self‑Branding Blitz: Battleships, Institutes and Currency Bearing His Name

In his second term, Donald Trump has accelerated an unprecedented campaign to attach his name and l…
The United States has long honored past presidents by naming airports, dams and monuments after them, but President Donald Trump is pushing the practice to an extreme, seeking to become the most commemorated leader in American history. Less than a year and a half into his second term, Trump’s brand has proliferated across government buildings, federal agencies and even consumer platforms. In February, the administration unveiled TrumpRx, a prescription‑drug website that listed only 43 medications—most of which are available as cheaper generics elsewhere—yet proudly displayed the former president’s signature and logo. Just weeks later, the White House and the U.S. Navy announced a new "Trump class" of battleships, billed as the "largest ever built." A Pentagon release noted that the Navy has not used battleships in combat for 35 years, suggesting the project is more a vanity exercise than a strategic necessity. Federal institutions have not been spared. In December 2025 the U.S. Institute of Peace was renamed the "Donald J. Trump United States Institute of Peace," a move the White House framed as a reminder of "strong leadership" for global stability—just weeks before the administration launched a military strike on Iran. Trump’s influence extended to the arts when, in February 2025, he appointed a new board to the John F. Kennedy Center for the Performing Arts and installed himself as chair. The board voted in December to rename the venue the "Donald J. Trump and John F. Kennedy Center," a change that immediately faced a legal challenge. Republican lawmakers have largely embraced the naming spree. One congressman introduced legislation to carve Trump’s likeness onto Mount Rushmore, while another proposed naming a major airport after him, underscoring the party’s willingness to reward the president’s personal brand. Political scientist Steven Levitsky of Harvard warned that Trump operates "unconstrained" by advisers or party elders, noting that today’s Republican ambition often hinges on pleasing the president, including attaching his name to public projects. Visual propaganda has also surged. Giant banners bearing Trump’s image now hang from the Department of Justice and the Department of Labor buildings, a rarity for a sitting president and a practice more typical of authoritarian regimes, according to Princeton sociologist Kim L. Scheppele. Beyond buildings, the administration has pursued numismatic honors. A 24‑karat gold coin featuring Trump standing over a desk was approved by a hand‑picked arts commission, and drafts of a new $1 coin displayed an air‑brushed profile of the former president. The Treasury Department announced that Trump’s signature will appear on U.S. paper currency later this year, a move Treasury Secretary Scott Bessent described as a "powerful way to recognize historic achievements" of the nation. Critics argue that the public does not share the president’s enthusiasm. The 2026 National Parks Pass, which traditionally showcases natural scenery, sparked outrage when a draft featured Trump’s stern face with a spectral George Washington behind him. A cottage industry of stickers emerged to cover the image, forcing the National Park Service to warn that such alterations could void the pass. White House spokesperson Davis Ingle defended the branding, claiming it reflects Trump’s “vast accomplishments,” including the largest tax cut in history and border security measures. Yet scholars and opponents contend that the relentless self‑promotion blurs the line between public service and personal aggrandizement. As the branding campaign continues, legal challenges, public pushback, and questions about fiscal priorities suggest that Trump’s quest to name everything after himself may soon encounter more than just decorative resistance.
#trump #his #washington
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Business Apr 04, 2026

TGI Fridays UK Revival: New Owner Aims to Revamp Brand and Boost Growth

TGI Fridays' new UK owner, Ray Blanchette, aims to revive the struggling brand by investing £2.5m i…
TGI Fridays, a global bar-restaurant chain, is set for a UK revival under the leadership of Ray Blanchette, who has acquired the brand's UK arm. Blanchette, a former TGI Fridays kitchen manager, believes the chain can regain its momentum in the UK and expand globally to 1,000 outlets. The UK restaurant industry has faced significant challenges, including higher staffing, energy, and food costs, as well as decreased diner numbers due to financial constraints. However, Blanchette is optimistic about TGI Fridays' prospects, citing its rich history and legacy as a foundation for growth. Blanchette's investment firm, Sugarloaf, has taken control of the global master franchise for TGI Fridays and directly operates 11 US outlets and the UK restaurants. He plans to invest over £2.5m in revamping restaurants, updating kitchen equipment, and enhancing staff training. Blanchette acknowledges that the UK tax regime for high street businesses is 'problematic' and stifles growth. He hopes for government change, given hospitality's significant role as one of the UK's largest employers. The revamped TGI Fridays UK will focus on providing an 'over the top and fun' experience, with a new menu, affordable options, and improved service. Blanchette is confident that a turnaround is possible, having read hundreds of thousands of online reviews of the UK business.
#TGI Fridays #Ray Blanchette #UK restaurant market
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