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Economy Mar 26, 2026

Gulf Conflict Leaves Millions of South Asian Families in Debt and Despair

The US-Israeli war on Iran has had a devastating impact on millions of South Asian families whose l…
The recent escalation of conflict in the Middle East has sent shockwaves across South Asia, affecting millions of families who depend on remittances from their loved ones working in the Gulf nations. The war between the US and Israel on Iran has resulted in a significant increase in tensions, with Iranian attacks on Gulf neighbours causing widespread fear and uncertainty.For Jaya Khuntia, a father from India's Odisha state, the conflict has brought unimaginable tragedy. His 25-year-old son, Kuna, a pipe fitter in Qatar's capital Doha, died of a heart attack after hearing the sound of missiles and debris from interceptions falling near their residence. Kuna's death has left the family in debt and despair, with their hopes of paying off a 300,000-rupee ($3200) loan for the marriages of their two daughters shattered.Migrant workers from South Asia, totaling nearly 21 million people in the Gulf nations, are often engaged in blue-collar work, building or supporting the industries and services that drive the Gulf's success and prosperity. However, they are also among the most vulnerable, with many working in areas targeted by Iranian attacks, such as oil refineries, construction areas, airports, and docks.The suspension of work at many of these facilities, coupled with fears of a major economic downturn in the region, has left many workers and their families worried about the future of their jobs. Experts warn that remittances from the Middle East, a crucial economic backbone for South Asian nations, could be significantly affected, especially if Gulf economies contract and layoffs follow.For Hamza, a Pakistani migrant laborer working at an oil storage facility in the UAE, the conflict has brought a sense of fear and uncertainty. He witnessed a drone attack on a storage unit and was shaken by the experience. Despite the dangers, he said leaving is not an option, as his family depends on him.Imran Khan, a faculty member at the New Delhi Institute of Management, said migrant laborers from South Asia are often driven by desperation to take up jobs in the Middle East. He warned that these workers are the worst affected during crises, whether war or natural disasters.As the conflict continues, many South Asian workers are planning to return home. Noor, a migrant worker from Bangladesh employed at an oil facility in Saudi Arabia, said he no longer feels safe and plans to return home once his contract ends. His family, too, is deeply affected, with his children crying every time they call him, scared for his life.
#Gulf Cooperation Council #India #Pakistan
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Sport Mar 26, 2026

Max Verstappen Ejects Journalist from Press Conference Over Past Question

A journalist was unexpectedly ejected from a Max Verstappen press conference at the Japanese Grand …
Renowned Formula One journalist Giles Richards was ejected from a Max Verstappen press conference at the Japanese Grand Prix, a rare occurrence in the sport. The incident stemmed from a question Richards asked Verstappen at the end of last season regarding an incident involving Verstappen and George Russell at the Spanish Grand Prix.Verstappen had collided with Russell's car during the Spanish Grand Prix, resulting in a 10-second penalty that dropped him from fifth to 10th place and cost him nine points. When Richards asked Verstappen about the incident during the season finale in Abu Dhabi, Verstappen took umbrage, suggesting Richards was biased and only focused on negative aspects of his performance.Richards recounts that when he encountered Verstappen at the Japanese Grand Prix, the Dutch driver refused to speak until Richards left the press conference. Despite attempts to clarify the situation, Verstappen remained resolute, telling Richards to 'get out'.The incident has sparked a heated debate about driver-journalist interactions in Formula One, with many colleagues expressing shock and concern for Richards' wellbeing. While Richards admits to feeling uncomfortable about being the story, he emphasizes the importance of asking difficult questions in his line of work.Richards has covered Formula One for over a decade and has interviewed Verstappen on multiple occasions, describing their interactions as generally friendly and good-humored. He hopes that he and Verstappen can have a better relationship in the future.
#verstappen #asked #you
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Film Mar 26, 2026

Acclaimed German Film-Maker and Author Alexander Kluge Dies at 94

Renowned German film-maker and author Alexander Kluge has passed away at the age of 94. Kluge was a…
German film-maker and author Alexander Kluge, a leading figure in the New German Cinema movement, has died at the age of 94. Kluge was known for his intellectually stimulating films and his role in shaping the cinematic landscape of post-war Germany. Kluge's career was marked by his innovative approach to filmmaking, which often incorporated cinematic collages and experimental techniques. His film Abschied von Gestern (released as Yesterday Girl in the US) was one of the first films to emerge from the Oberhausen Manifesto, a call to the German film industry to break free from traditional and shallow filmmaking. Kluge's contributions to German cinema were significant, and his influence can be seen in the work of other notable directors such as Rainer Werner Fassbinder and Werner Herzog. He continued to produce films and television programs throughout his career, including arts, magazine, and interview programs for German television through his production company DCTP. Kluge's wartime experiences had a profound impact on his life and work, shaping his commitment to pacifism. However, his comments on the topic have been met with controversy, particularly in the context of Russia's invasion of Ukraine. Throughout his career, Kluge collaborated with other artists and writers, including Ben Lerner, with whom he co-authored a poetic dialogue book, The Snows of Venice. Kluge's legacy as a pioneering film-maker and author continues to be celebrated, and his influence on German cinema and culture remains significant.
#kluge #german #his
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World Economy Mar 26, 2026

EPA Approves Year-Round Sale of Higher-Ethanol Fuel to Combat Rising Gas Prices

The US Environmental Protection Agency (EPA) has temporarily allowed the widespread sales of a high…
The US Environmental Protection Agency (EPA) has announced a temporary waiver allowing the sale of a higher-ethanol fuel blend, known as E15, in an effort to alleviate soaring gas prices that have been exacerbated by the ongoing Iran war.E15, which contains a higher percentage of ethanol than standard gasoline, has been prohibited during warm weather months due to concerns over its potential to worsen smog. However, the EPA's decision, supported by the US agriculture secretary, Brooke Rollins, aims to provide relief to consumers at the pump.“President Trump is unleashing American Energy Dominance, and today’s action will directly lower prices at the pump and gives a clear demand signal to our domestic biofuels producers,” Rollins stated.The summer waiver for E15 has become a recurring measure in recent years, with both Republicans and Democrats advocating for its permanent implementation to reduce fuel costs. Currently, E15 is already permitted in several states, including Iowa, Illinois, Minnesota, Nebraska, Missouri, Wisconsin, and most of South Dakota.However, not all experts are convinced that the move will significantly lower gas prices. Kenneth Gillingham, a professor at the Yale School of the Environment, pointed out that E15 is not widely available in all states, and some areas lack the necessary infrastructure or sufficient ethanol supply to support increased use.Gillingham also highlighted potential risks associated with E15, particularly for older vehicles, boats, and all-terrain vehicles, due to its higher corrosive ethanol content. Additionally, increased corn usage for ethanol production could lead to higher costs for animal feed and, subsequently, grocery prices.“I think it’s difficult to see when the ledger’s settled how this is a benefit for US consumers,” said Jason Hill, a professor at the University of Minnesota.The decision has also drawn criticism over its potential environmental impacts, with concerns about increased ozone issues, respiratory problems, and even premature deaths.While the oil industry has generally opposed the expansion of E15, citing costly biofuel blending and potential price increases, the American Petroleum Institute has expressed support for the temporary waiver, emphasizing its role in ensuring affordable and reliable energy for American consumers.
#prices #lower #more
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World Mar 26, 2026

Israel Stands Alone: Overwhelming Domestic Support for Iran Conflict Amid Global Opposition

Despite significant human and economic costs, Israeli public support for the conflict with Iran rem…
Israel stands as the sole nation where overwhelming public support exists for the conflict with Iran, despite the profound impact on daily life. At least 15 people have been killed and hundreds injured by Iranian missiles since the war began in February, with school closures and missile warnings becoming routine. Polling indicates that more than 90% of Jewish Israelis back the war, a figure that sharply contrasts with international sentiment.The global perspective reveals a dramatically different picture. Nearly a month into the fighting, polling shows that 60% of the US public opposes the war with Iran, and just one in four Americans backed the initial strikes. In the Gulf, Europe and Asia, the conflict is widely unpopular as severe economic consequences begin to manifest.According to Emma Graham-Harrison, The Guardian's chief Middle East correspondent based in Jerusalem, many Jewish Israelis view themselves as under siege in a hostile world since the October 2023 massacre. This perception has led many to conclude that an aggressive security policy is the only way to ensure safety, regardless of international reaction.There's a prevailing sentiment in Israel that short-term suffering will lead to long-term security, despite security experts questioning whether Israel has a clear strategy to convert tactical achievements into lasting security. Life in Jerusalem remains restricted, with many working from home and limitations on businesses from cafes to gyms.The public support for the war has not translated into improved political fortunes for Prime Minister Benjamin Netanyahu, who currently lags in polls for the upcoming general elections. While there is majority support for Netanyahu's decision to launch the war and his handling of it, even among those who don't want to give him another term, his coalition faces challenges in securing enough seats to return him to power.Some Israeli supporters of the war worry that Netanyahu's push to attack Iran has jeopardized the country's crucial relationship with the United States. Historically, Israel's foreign policy has been based on bipartisan ties, but Netanyahu has effectively abandoned that approach to cultivate an extremely close relationship with Trump.Israel's isolation is becoming increasingly apparent as the conflict continues. Unlike historical precedents where Israel achieved security through negotiated agreements with Jordan and Egypt, the current approach emphasizes military power above diplomatic solutions. This isolation is reflected in the fact that Israel may be the only place in the world with broad support for this war, with populations in Lebanon and Iran experiencing the conflict as horrific.
#israel #war #you
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World Economy Mar 26, 2026

UK urged to tax companies profiting from US-Israel war on Iran to fund cost of living support

UK Chancellor Rachel Reeves is being urged to raise taxes on companies generating 'windfall' profit…
UK Chancellor Rachel Reeves is facing pressure to raise taxes on businesses generating 'windfall' profits linked to the US-Israel war on Iran to fund emergency cost of living support for UK households.A group of leading charities, campaigners, and trade unions, including Greenpeace UK, the National Education Union, and Tax Justice UK, have written an open letter to Keir Starmer and Reeves, urging the government to strengthen its existing North Sea energy windfall tax and introduce new levies for firms in other sectors that stand to financially benefit from the conflict.The letter highlights that energy companies, banks, agricultural commodities businesses, defence companies, and tech firms are likely to profit from the economic fallout of the war. The group argues that the extra revenue generated from taxing these 'excess profits' could be used to support households struggling with the cost of living and invest in the UK's future energy security.R Reeves has signalled that the government is ready to provide targeted help for households grappling with the economic fallout from the Middle East conflict, amid a surge in energy prices since the onset of the war. The chancellor has also warned companies that she will not tolerate corporates profiteering from the crisis, telling bosses that the Competition and Markets Authority has been put on notice to detect and crack down on price gouging.The UK already has a windfall tax on North Sea oil and gas firms, the energy profits levy, which is due to run until 2030. However, Reeves had been planning to ease the tax before the US and Israel attacked Iran on 28 February.
#energy #companies #tax
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World Economy Mar 26, 2026

Iran War's Far-Reaching Impact: How Rising Oil Prices Are Affecting US Economy

The ongoing conflict between the US and Iran is having a ripple effect on the global economy, impac…
The US-Israel war on Iran has effectively closed the Strait of Hormuz, a critical shipping route for materials used in the production of various everyday products. As the conflict enters its fifth week, global oil shortages are forcing countries to take severe measures to conserve their reserves. While US gas prices have surged to their highest level in years, the impact of rising oil prices extends far beyond drivers. Oil is a crucial component in the supply chain, powering machines that manufacture goods and fueling trucks that transport them to stores. The price increases come at a time when many Americans are already strained by rising housing costs, grocery bills, and electricity statements. A recent Gallup poll found that a third of Americans have had to skip meals and forego other needs to afford their healthcare. Oil and Gas The average cost of gas in the US has jumped about 30% over the last month, with the national average hitting $3.97, the highest since 2023. Diesel, which fuels many trucks transporting goods, has increased by about 50%, or $1.69 more than it did a year ago. Higher diesel costs could soon affect transportation costs and grocery prices, as roughly 85% of agricultural goods are transported by trucks. The impact of oil and gas shortages on the supply chain can be categorized as first-order effects, such as higher prices at the gas pump, and second-order effects, including potential price increases for crops, semiconductor chips, and medical devices. Fertilizer Farmers are struggling as the spring growing season approaches, facing higher fertilizer costs and falling commodity prices. A third of global urea trade, a solid nitrogen fertilizer, passes through the Middle East region, with about 20% of imported fertilizer to the US coming from Qatar. Nitrogen fertilizer is critical to grow corn, which is cultivated by about 500,000 farmers in the US. The White House has promised to minimize disruptions to the US economy, with alternative sources of fertilizer being sought from around the world. Helium The conflict has disrupted the global helium supply after Iranian attacks in Qatar, the second-largest producer of helium after the United States. Helium is a key import used in aerospace, magnetic resonance imaging (MRI), and semiconductor chips that power AI. Jet Fuel Increases in oil prices could result in higher airfare and shipping costs. The price of jet fuel has doubled since the start of the war, according to the International Air Transport Association. United Airlines announced last Friday that it would have to cut flights due to the surging cost of fuel. < h2>Mortgage Rates Just as US mortgages were starting to fall in February, the average 30-year fixed mortgage rate ticked up to its highest level in months, reaching 6.22%. Mortgage rates are closely tied to the overall state of the economy, and the US Federal Reserve's decision to leave rates unchanged last week cited uncertainty in the economy, particularly with conflict in the Middle East.
#fertilizer #prices #last
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Sports Mar 26, 2026

Tom Brady Reveals He Explored NFL Return, But League Wasn't Interested

Tom Brady, 48, revealed he considered returning to the NFL as a player, but the league was not inte…
Legendary quarterback Tom Brady has disclosed that he explored the possibility of returning to the NFL as a player, but the league was not keen on the idea. In a recent interview with CNBC Sport, Brady revealed that he had inquired about a potential comeback, but the league's response was lukewarm.Brady's last NFL game was in January 2023, when his team, the Tampa Bay Buccaneers, lost to the Dallas Cowboys. Since then, he has transitioned into a new role as a minority owner of the Las Vegas Raiders and a television analyst for Fox. A spokesperson for the league noted that if Brady were to return to playing, he would need to divest his stake in the Raiders.“I actually have inquired [about a return to playing], and [the NFL] don’t like that idea very much,” Brady said. “We explored a lot of different things, and I’m very happily retired. Let me just say that, too.”Despite his interest in a potential comeback, Brady emphasized that he is content with his decision to retire. He recently participated in a televised flag football game, where he threw a touchdown pass to receiver Stefon Diggs and appeared to be in good football shape. However, Brady insisted that the game only reconfirmed his happiness with his retirement.As a minority owner of the Raiders, Brady described his role as having no formal job description. He expressed his enthusiasm for contributing to the team's success and bringing a winning culture to Las Vegas.Brady's commitment to winning is legendary, and his achievements in the NFL are unparalleled. He holds the record for most Super Bowl wins (7), career passing touchdowns (649), and passing yards (89,214).
#Tom Brady #NFL #Las Vegas Raiders
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Music Mar 26, 2026

Wu-Tang Clan Unveiled: Rare Hip-Hop Photos

The Guardian presents a unique visual tribute to Wu-Tang Clan, showcasing the group in unprecedente…
The Wu-Tang Clan, a legendary hip-hop group, is being showcased in a stunning photo series by The Guardian. This rare visual collection offers fans a glimpse into the group's history like never before.Briana Ellis-Gibbs curates this photographic tribute, providing an intimate look at the artists who have shaped the hip-hop landscape. The images capture the essence of the Wu-Tang Clan's impact on music and culture.
#protect #neck #wu-tang
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