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The collapse of talks between the US and Iran has sent shockwaves through global markets, fuelling fears of a prolonged energy crisis and rising inflation. The failure to reach a peace deal has left large numbers of oil tankers stuck in the Persian Gulf, with oil prices fluctuating wildly in response to the uncertainty.US Vice-President JD Vance has blamed the collapse of the talks on Tehran's refusal to abandon its nuclear weapons programme, while Iranian sources have hit back at what they describe as 'excessive' demands from Washington. The stalemate has raised concerns about the long-term impact on the global economy, with governments and central banks warning of higher inflation and interest rates.Mohamed El-Erian, an adviser to Allianz, has cautioned that uncertainty will continue to dominate assessments of the financial impact from the conflict. 'Absent a swift resumption of negotiations, the immediate reaction of financial markets when they open for the trading week will be to push oil prices higher and borrowing costs higher,' he said.The International Monetary Fund and World Bank's spring meetings in Washington will focus on the war's impact on the global economy, with the IMF's managing director, Kristalina Georgieva, indicating that the fund will present three scenarios predicting lower economic growth and higher inflation. The IMF is also expected to highlight the impact on vulnerable economies.In the short term, oil prices have ended the week lower, with Brent crude at $94.26 a barrel and West Texas Intermediate crude at $95.63 a barrel. However, global stock markets have rebounded after a temporary ceasefire was announced, with the S&P; 500 close to its level before the US-Israeli attacks on Iran began.

The latest analysis by HR consultancy Hamilton Nash shows that 54 employment tribunals in England, Scotland and Wales cited remote‑working issues in 2025 – a 13% decline from the previous year and the first drop since the pandemic began.This marks the end of a six‑year upward trend during which tribunal filings related to remote work surged tenfold from the pre‑COVID baseline of 2019. The number of cases peaked at 62 in 2024 but fell sharply to just six in 2025.According to the Office for National Statistics, 28% of working‑age adults in Great Britain now operate in a hybrid model, splitting time between a traditional office and another location such as home. Yet many large employers, notably financial giants Goldman Sachs and JPMorgan Chase, have intensified return‑to‑office mandates, with some demanding five days a week on site.Employment experts attribute the unexpected dip to broader labour‑market dynamics. The UK unemployment rate rose to a near five‑year high of 5.2% in Q4 2025, while job vacancies have continued to fall, shifting bargaining power back toward employers. As Jim Moore, employee‑relations partner at Hamilton Nash, explains, “Top talent did vote with their feet for a while, but that has changed because of wider issues in the labour market and people saying: ‘I am going to stay put and keep my head down.’”Legislative changes may also be curbing tribunal filings. The amended Employment Relations Act, which introduced a right to request flexible working from day one of a new job in April 2024, appears to encourage employees to resolve disputes internally rather than through the courts.Moore warns that tribunal numbers represent “the tip of the iceberg,” noting that much workplace conflict never reaches a public hearing. Adding to employer confidence, a 2024 tribunal decision rejected a senior manager’s claim against the Financial Conduct Authority for the right to work entirely from home, a ruling that, according to Hill Dickinson partner Padma Tadi‑Booth, “may give some encouragement to employers” to tighten office‑attendance policies.Consequently, some firms are already planning to raise on‑site requirements, moving from two to three days a week or mandating a higher percentage of total working hours in the office.Nevertheless, the backlog of employment tribunals remains a significant hurdle. Over 500,000 cases were pending last year, and claimants can expect waits of up to three years for a hearing, potentially deterring future filings.

The Women's Super League (WSL) is experiencing a critical loss of momentum as the season approaches its climax, due to an extended international break that has left fans and teams alike facing a lengthy period without matches. This 11-day window for up to three international fixtures has created a significant gap in the schedule, coming at a time when interest in the league should be swelling. The break, which includes nearly four weeks without WSL fixtures, poses a challenge for teams and fans. For instance, Everton drew 5,292 fans to the Merseyside derby before going a month without a game. Similarly, Leicester, bottom of the Women’s Super League, do not play at home between 29 March and 3 May, missing a crucial opportunity to rally fan support. Sarina Wiegman, England’s head coach, has expressed concerns about the congested agenda and the amount of games players participate in, stating her preference for a two-match international break over three. This sentiment is echoed by various teams and players who see the extended break as a disruption to the rhythm of the domestic season. While some, like Charlton head coach Karen Hills, view the break as a necessary reset moment for players, both mentally and physically, the overall impact on the league's momentum and fan engagement is significant. The WSL's growth and the development of a fan culture are hindered by such gaps in the schedule, making it challenging for new fans to integrate match-going into their routine. Looking ahead, similar disruptions are expected in 2027, 2028, and 2029 due to scheduled three-game international windows. This ongoing issue highlights the need for a more cohesive scheduling approach to support the growth and continuity of women’s football.

The UK housing market is experiencing a downturn due to the Iran conflict, which has led to increased uncertainty and fear among buyers and sellers. This conflict has resulted in lenders pulling hundreds of mortgage products within 48 hours of the war's outbreak, replacing them with more expensive deals.As a result, buyers and sellers are having second thoughts, with some pulling out of deals altogether. The mood in the market is one of 'fear and uncertainty,' according to Andy Wicking, director of the Charles Bainbridge estate agency in Canterbury.In the first three months of this year, just 47% of homeowners who asked Wicking to value their property went on to list it, a significant drop from 68% in the same period in 2025. Wicking notes that owners are still asking for valuations but not acting on them.At the bottom end, first-time buyers and those with the smallest deposits and least experience of riding out a turbulent market are pulling out. Wicking says, 'The chains falling down at the lower end, they're the really cautious ones.'For those who do make it to market, prices are slumping. A house valued at £600,000 may now go on at £575,000 to get buyers through the door. Surveyors are increasingly down-valuing properties too.The conflict has also led to a rise in interest rates, with the average two-year fixed-rate mortgage standing at 5.90% on Wednesday, up from 4.83% at the start of March. Nearly a million homeowners are due to come off five-year fixed deals this year, with those who have secured new deals paying an average of £94 more a month.The timing of the conflict couldn't be worse for owners who usually bring their homes to market after hunkering down for the winter. As Brian Swint, an independent mortgage broker, notes, 'It's the fear.'

Designer matchboxes have transformed from a utilitarian item into a coveted home‑accessory, with luxury retailers showcasing collections that command prices up to £235.Selfridges, the high‑end department store chain, says sales of premium matchboxes have jumped 121% year‑on‑year. To meet the surge, the retailer has more than doubled its assortment, now offering over 100 styles priced between £5 and £230, and touts the product as “the must‑have home accessory for 2026”.At the top of the range sits a three‑piece set designed by Cartier, featuring panther‑embellished paper and card tubes that hold 80 matches each and retail for £235.Independent designer Jo Laing, known for ceramic‑topped matchboxes, reports a 60% increase in sales year‑on‑year. Her limited‑edition, reusable boxes now appear in Harrods and are priced at £70, with stock frequently selling out.The matchbox emerged in the late 1800s as a novel advertising canvas, evolving into an unexpected art form that displayed everything from political slogans to commercial branding.While opulent versions in silver, gold and ceramics faded after smoking bans, the recent revival shows the item’s shift from pure function to decorative status.Market analysts suggest the craze reflects tighter household budgets. Consumers, unable to justify expensive candles or décor, are opting for “little treats” that provide a touch of luxury without breaking the bank.Bia Bezamat, cultural insights director at Kantar, notes: “There’s a sustained trend for ‘little treats’ … it’s a response to cost‑of‑living pressures: people want small, affordable pockets of joy to brighten their day.”Claire Dickinson, senior strategist at WGSN Interiors, describes the phenomenon as “the homeware equivalent of the lipstick effect”, where shoppers replace high‑priced luxuries with more modest, yet still indulgent, items. She adds that these matchboxes embody the rise of “beautilities” – practical objects designed to be seen and enjoyed.Henrietta Klug, head of home at Selfridges, says the once‑functional matchbox is “re‑emerging as an object of desire”, now featured on the tables of London’s trend‑setting bars and restaurants.Five of the most expensive matchboxesDebonnaire silver matchbox – £843Diabolo de Cartier graphic‑print matchboxes (set of three) – £225Panthère de Cartier graphic‑print matchboxes (set of three) – £235Jo Laing ceramic moon matchbox – £70Refill for L’Objet matchbox – £25

Pakistan dispatched a mixed fleet of fighter and support aircraft to King Abdulaziz Air Base in Saudi Arabia’s Eastern Province on Saturday, marking the first visible military action under the mutual defence agreement signed in September 2025. The Saudi Ministry of Defence confirmed the landing, noting the deployment aligns with the collective defence clause that obliges each signatory to treat an attack on the other as an attack on itself. At the same time, Islamabad is hosting direct US‑Iran negotiations aimed at halting weeks of regional fighting triggered by Iran’s missile and drone strikes on Gulf targets after the US‑Israeli killing of Supreme Leader Ali Khamenei on 28 February. Foreign Minister Ishaq Dar told reporters he personally warned Iranian leaders in early March that Pakistan must honour its obligations to Riyadh. Tehran, seeking assurances that Saudi soil would not be used for attacks against it, received such guarantees, Dar added. Despite these diplomatic overtures, Iranian attacks on Saudi facilities – including key bases and a US embassy building – have persisted. In early March, Pakistan’s army chief, Field Marshal Asim Munir, flew to Riyadh to discuss measures to curb Iranian strikes within the framework of the defence pact. Four days before the jet deployment, Prime Minister Shehbaz Sharif phoned Crown Prince Mohammed bin Salman, pledging that Pakistan would stand “shoulder to shoulder” with Saudi Arabia. The two leaders also agreed to accelerate a $5 billion Saudi investment package earmarked for Pakistan. Saudi Finance Minister Mohammed al‑Jadaan met Sharif, Dar and Munir in Islamabad on Saturday, underscoring the economic dimension of the partnership. Saudi Arabia hosts roughly 2.5 million Pakistani workers, whose remittances are vital to Pakistan’s fragile economy, and has repeatedly provided financial assistance. Security analyst Imtiaz Gul told Al Jazeera the deployment was not intended as a military escalation but as a “messaging tool” to remind Tehran of Pakistan’s treaty obligations. “Three jets won’t make much of a difference militarily,” he said, noting Saudi Arabia’s own sizable air force. Michael Kugelman, senior fellow for South Asia at the Atlantic Council, described the move as “a risky gambit.” He warned that if Iran refuses concessions, Pakistan could be drawn closer to Saudi Arabia, potentially invoking the defence pact in a renewed conflict.

Iraq's parliament has elected Nizar Amedi as the country's new president, ending a political deadlock that had paralyzed government formation. Amedi, nominated by the Patriotic Union of Kurdistan (PUK), secured 227 votes in a second round of voting on Saturday, comfortably defeating independent candidate Muthanna Amin Nader, who received 15 votes.He becomes the sixth Iraqi head of state since the removal of Saddam Hussein in a US-led invasion in 2003. Speaking to parliament after the vote, Amedi acknowledged the weight of what lies ahead, pledging to work alongside all three branches of government and committing to the principle of 'Iraq First'.Amedi also condemned attacks that had targeted Iraq during the US-Israel war on Iran. The election comes as Iraq is still absorbing the shockwaves of the weeks-long war, which was halted with a ceasefire announced earlier this week.Attention now turns sharply to the choice of prime minister, a far more consequential and politically explosive question. Under Iraq's sectarian power-sharing system, the prime minister must be a Shia Muslim, the parliamentary speaker a Sunni, and the president a Kurd.Amedi now has 15 days to formally task the nominee of the largest parliamentary bloc with forming a cabinet, which must then be assembled within 30 days. Amedi, 58, is a career public servant who spent decades at the heart of Iraqi political life, previously serving as a senior aide to two former presidents and as environment minister between 2022 and 2024.Iraq has gone almost 150 days without a new government since the November elections.

The U.S. Court of Appeals for the District of Columbia has granted the Trump administration a brief reprieve, extending the pause on the White House ballroom construction until April 17. The move allows officials to pursue a potential Supreme Court review of a lower‑court injunction that barred further work. In a split decision, Judges Patricia Millett and Bradley Garcia formed the majority, while Trump‑appointed Judge Neomi Rao dissented. The majority questioned the administration’s repeated claim that the construction pause creates a national‑security risk, noting that the original order already exempts work necessary for the White House’s safety. Judge Richard Leon, appointed by former President George W. Bush, had issued the March 31 injunction, stating that a project of this magnitude requires explicit Congressional authorization. Leon’s order included a 14‑day stay to let the administration appeal, a stay that was set to expire this week before the appeals court’s extension. The court highlighted that the administration has not demonstrated how the injunction interferes with any existing security plans. As the majority wrote, “Defendants have not, on this record, explained how, if at all, the injunction interferes with their existing plans for safety and security.” Furthermore, the judges pointed out that the ballroom—spanning roughly 90,000 sq ft (8,360 m²)—was always projected to be a multi‑year undertaking. Planning documents estimate completion nearly three years after groundbreaking, raising doubts about the claim that a short‑term delay poses additional harm. In her dissent, Judge Rao argued that the majority’s demand for further fact‑finding would cause “irreparable injury” by halting construction, asserting that the aesthetic concerns raised by critics are outweighed by the administration’s interests. The controversy stems from the decision to demolish the historic East Wing, a structure dating back to 1902, to make room for the new ballroom. Critics, including the National Trust for Historic Preservation, contend the demolition was executed without notice and exceeds presidential authority, prompting a lawsuit that led to Leon’s injunction. While the appeals court has sent the case back to the district court for clarification on factual disputes and the scope of the security exemption, the extension effectively keeps the construction site active for another week, maintaining the political flashpoint surrounding one of the most transformative building projects on the nation’s capital in recent memory.

A violent incident unfolded at New York City's iconic Grand Central station on Saturday, when a man armed with a machete allegedly attacked and wounded three elderly individuals.Police responded swiftly to the situation, and one officer opened fire, striking the attacker. The man was taken to a local hospital in critical condition.The victims, identified as an 84-year-old man, a 70-year-old woman, and a 65-year-old man, were hospitalized in stable condition. The NYPD reported that the incident occurred at 9:40am Eastern Time (13:40 GMT).Grand Central station, a major transit hub in Midtown Manhattan, is renowned for its Beaux-Arts architecture and is one of the most visited tourist attractions globally, with an average of 750,000 travelers and visitors daily.