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World Economy Apr 15, 2026

Kevin Warsh’s $100 Million‑Plus Net Worth Raises Questions Ahead of Fed Chair Confirmation

Former Fed governor Kevin Warsh, President Trump’s pick to succeed Jerome Powell, disclosed assets …
Kevin Warsh, a former Federal Reserve governor nominated by President Donald Trump to replace Jerome Powell, has filed ethics disclosures showing personal assets well above $100 million. If confirmed, he would become the wealthiest central‑bank leader in U.S. history. The 69‑page filing, released on Tuesday, lists two private‑fund investments each valued at over $50 million in the Juggernaut Fund LP, plus $10.2 million in consulting fees from the investment office of Wall Street titan Stanley Druckenmiller. Many holdings are described only in broad categories because “pre‑existing confidentiality agreements” prevent full disclosure; Warsh has pledged to divest these assets should his nomination be approved. Federal Reserve ethics rules, tightened in 2022, prohibit officials and their families from owning bank stocks, crypto‑related assets, and impose strict limits on buying and selling securities. The Fed’s own standards, set by the Federal Open Market Committee, are stricter than those governing other federal employees. Beyond the large private‑fund stakes, Warsh’s disclosures reveal a portfolio concentrated in emerging sectors such as artificial intelligence and cryptocurrency. Notable entries include the robotic‑coffee‑bar platform Cafe X, wearable‑tech firm Cionic, an Ethereum layer‑two project dubbed “Blast,” and a reversible male‑contraceptive solution called Contraline. Details for many of these positions are omitted, again citing confidentiality. The filing also enumerates assets held by Warsh’s spouse, Jane Lauder—a member of the Estee Lauder family with an estimated net worth of $1.9 billion. Her holdings feature municipal bonds listed simply as “over $1 million.” Liabilities appear modest in comparison: a 2015 mortgage of up to $5 million with JPMorgan Chase at a 2.75% rate, a revolving credit line of up to $5 million from PNC Bank at roughly 6%, and a $1.95 million capital commitment to THSDFS LLC, an interest Warsh has also pledged to divest. Ethics analyst Heather Jones of the Office of Government Ethics confirmed that Warsh’s divestiture promises would bring him into compliance with the Ethics in Government Act. Nonetheless, the breadth of undisclosed holdings is likely to dominate his upcoming confirmation hearing, scheduled for April 21. Political dynamics add further uncertainty. A key Republican senator has signaled intent to block Warsh’s confirmation until a Department of Justice investigation into Powell’s oversight of Fed‑headquarters renovations concludes. Although a federal judge recently dismissed two subpoenas targeting Powell—citing a perceived attempt to pressure him on interest‑rate policy—the Justice Department plans to appeal, potentially delaying any Senate vote. Powell has indicated he will remain “pro tem” if Warsh is not confirmed by the end of his term on May 15, and he could retain his governor seat until 2028 if he chooses.
#warsh #powell #fed
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News Apr 15, 2026

Spain Approves Amnesty Program for 500,000 Undocumented Immigrants

The Spanish government has approved an amnesty program for approximately 500,000 undocumented immig…
Spain's government has approved an ambitious amnesty program aimed at granting legal status to an estimated 500,000 undocumented immigrants. This move, passed by Prime Minister Pedro Sanchez's administration, is set to open the application process on April 16. By taking this step, Spain diverges from the trend in Europe and other parts of the world where anti-immigration sentiments are on the rise.The decree, which amends immigration laws, was fast-tracked to bypass parliament, where Sanchez's left-wing government lacks a majority. This measure had previously failed to gain approval from lawmakers. Under the plan, eligible migrants can seek a one-year residency and work permit if they meet certain conditions, such as arriving in Spain before January 1, living in the country for at least five months, and having no criminal record.Migration Minister Elma Saiz announced that applications can be submitted online starting Thursday and in person from April 20, with the window closing on June 30. After a year, those granted the temporary measure will be eligible to apply for other work or residency permits. Sanchez described the move as “an act of justice and a necessity”, emphasizing the demographic challenges Spain faces with an ageing society.The opposition, led by Alberto Nez Feijo of the People's Party, criticized the move as “inhumane, unfair, unsafe, and unsustainable”. However, it's worth noting that the centre-right party itself carried out mass legalizations of migrants in the early 2000s when it was in power. The government estimates that around half a million people could be eligible, though analysts suggest the figure might be higher.A union representing immigration officers has demanded more resources, warning that the government is unprepared for the challenge. Sanchez argued that “without new people working and contributing … prosperity slows”, highlighting that migrants have been crucial to Spain's economic growth, which is currently the fastest in Europe.
#spain #immigration #amnesty
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News Apr 15, 2026

Appeals Court Halts Judge’s Contempt Probe into Trump Administration’s Venezuelan Deportation Flights

A U.S. federal appeals panel stopped District Judge James Boasberg from pursuing criminal contempt …
A three‑judge panel of the U.S. Court of Appeals for the D.C. Circuit issued a two‑to‑one decision on Tuesday that blocks District Judge James Boasberg from moving forward with contempt hearings against the Trump administration.The case stemmed from Boasberg’s attempt to determine whether officials violated his March 15, 2025 order to turn around two deportation flights while they were airborne. The flights had carried 137 Venezuelan nationals to El Salvador under the rarely used Alien Enemies Act, a 1798 statute granting presidents broad wartime powers.In the majority opinion, Judge Neomi Rao (a Trump appointee) wrote that Boasberg’s contempt inquiry was a “clear abuse of discretion,” noting that the district court’s order did not expressly forbid the transfer of the migrants into Salvadoran custody. She emphasized that criminal contempt applies only to violations of a “clear and specific” order.Judge Justin Walker, also appointed by Trump, joined Rao, while Judge J. Michelle Childs—a Biden appointee—dissented. The split reflects the broader partisan tension surrounding the case.Critics of the deportations argued that invoking the Alien Enemies Act represented presidential overreach and that the rapid operation denied the immigrants due process, including the ability to appeal. Some detainees were later released to Venezuela in a July 2025 prisoner exchange after spending months in El Salvador’s maximum‑security Centre for Terrorism Confinement (CECOT).Acting Attorney General Todd Blanche praised the ruling on X, stating it should “finally end Judge Boasberg’s year‑long campaign against the hardworking Department attorneys doing their jobs fighting illegal immigration.”The decision underscores the judiciary’s role in checking executive immigration actions, especially when emergency court orders intersect with national‑security‑related statutes. It also signals that future attempts to pursue contempt for alleged violations of ambiguous orders may face heightened scrutiny.
#boasberg #trump #court
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News Apr 15, 2026

Eric Swalwell Resigns from Congress After Fifth Sexual Misconduct Allegation Triggers Expulsion Push

Democratic Rep. Eric Swalwell stepped down from Congress following a fifth accusation of sexual mis…
Eric Swalwell, a Democratic U.S. Representative from California, announced his resignation from Congress after a fifth woman accused him of unwanted sexual contact, alleging he drugged and raped her during a 2018 encounter. The claim was made public on Tuesday, intensifying a series of allegations that have already derailed his bid for the California governorship. Swalwell had suspended his gubernatorial campaign earlier in the week, a race in which polls had shown him as the front‑runner to replace Governor Gavin Newsom. The campaign collapsed after the San Francisco Chronicle and CNN reported multiple accusations, including a 2024 rape allegation by a former staffer in a New York City hotel that left the victim bleeding and bruised. Additional allegations surfaced that three other women received inappropriate Snapchat messages from Swalwell, a platform that automatically deletes interactions, complicating verification. In response, Lonna Drewes—one of the accusers—stated at a Los Angeles press conference that her hesitation to act earlier was driven by fear of Swalwell’s political power, not doubt about the allegations. Drewes’s attorney, Lisa Bloom, announced that a police report would be filed with the Los Angeles County Sheriff’s Office. The backlash was swift: supporters withdrew endorsements, and a coalition of bipartisan lawmakers called for an immediate vote to expel Swalwell from the House. The Manhattan District Attorney’s Office also confirmed it is investigating the sexual assault claims. Swalwell issued an apology to his family, staff, and constituents, describing his actions as “mistakes in judgment.” He emphasized his intent to fight what he called “serious, false allegations” and criticized the prospect of an expulsion vote without due process, stating, “Expelling anyone in Congress without due process, within days of an allegation being made, is wrong.” Republican Representative Anna Paulina Luna said she would withdraw her motion to expel Swalwell once his resignation became effective, confirming that his resignation letter had been submitted “effective immediately.” Meanwhile, Republican Representative Tony Gonzales announced his own retirement from Congress amid similar calls for expulsion over unrelated sexual misconduct allegations. Swalwell’s departure marks a dramatic end to a campaign that once positioned him as a leading contender for California’s top executive office, underscoring how personal misconduct allegations can swiftly upend political trajectories and trigger extensive legal scrutiny.
#swalwell #his #allegations
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News Apr 15, 2026

Washington Hosts First Israel‑Lebanon Direct Talks Since 1993 Amid Hezbollah Opposition and Disarmament Demands

The United States is facilitating the first Israel‑Lebanon bilateral talks in over three decades, w…
The United States is brokering a historic round of direct, high‑level talks between Israel and Lebanon in Washington, D.C., marking the first bilateral engagement between the two countries since 1993. Lebanese officials aim to secure a ceasefire, whereas Israel’s primary objective is the disarmament of the Iran‑backed Hezbollah militia. Hezbollah’s leadership has publicly dismissed the negotiations as a "futile" ploy, with Secretary‑General Qassem Naim urging the Lebanese government to withdraw from the talks. The group argues that negotiating under fire amounts to a surrender and insists that any disarmament can only occur after a full Israeli withdrawal from southern Lebanon. The talks are scheduled for Tuesday at the U.S. Department of State headquarters, beginning at 11 a.m. Eastern Time (15:00 GMT). Key participants include Lebanese Ambassador to the U.S. Nada Hamadeh, Israeli Ambassador to the U.S. Yechiel Leiter, U.S. Secretary of State Marco Rubio, U.S. Ambassador to Lebanon Michel Issa, and State Department Counselor Michael Needham, all acting as facilitators. The U.S. frames the meeting as a necessary response to “Hezbollah’s reckless actions,” emphasizing that "Israel is at war with Hezbollah, not Lebanon, so there is no reason the two neighbours should not be talking," a senior State Department official said. Escalating violence has set a grim backdrop: Israeli strikes on Lebanon have killed at least 2,080 people, including 165 children and 87 medical workers, and displaced more than 1.2 million residents. Overall, the conflict has claimed over 3,768 Lebanese lives since October 2023. Israel has refused to discuss a ceasefire, insisting instead on a plan to dismantle Hezbollah’s arsenal. According to Israeli media, the proposal would divide southern Lebanon into three security zones: Zone 1 (0‑8 km from the border) under a long‑term Israeli military presence; Zone 2 (up to the Litani River) where Israeli forces would gradually hand control to the Lebanese army; and Zone 3 (north of the Litani) to be managed solely by the Lebanese army for disarmament purposes. Israeli officials have also floated reinstating a “buffer zone” in the south, a policy abandoned decades ago. Beirut, represented by Culture Minister Ghassan Salame, describes the Washington meeting as a preliminary step to pause hostilities and reassert state authority, while acknowledging Lebanon’s limited leverage. The Lebanese government has previously announced plans to disarm Hezbollah under U.S. pressure, a move Hezbollah denounced as a surrender to Israel and the United States. The broader diplomatic context includes a recent U.S.–Iran ceasefire agreement that nominally covers Lebanon, but Israeli Prime Minister Benjamin Netanyahu rejected its terms and pushed for direct talks, receiving backing from U.S. President Donald Trump and Vice President JD Vance. European leaders, however, have urged that Lebanon be fully incorporated into any ceasefire framework. Hezbollah’s objections are multifaceted: negotiating while under bombardment, lack of national consensus, the demand to disarm its weapons—deemed a “Lebanese internal matter”—and accusations of governmental betrayal. The group has unequivocally stated it will not honor any agreement reached in Washington. Analysts caution that an immediate ceasefire remains unlikely. A U.S. official noted Israel’s focus on disarmament and skepticism about Beirut’s capacity to deliver. Meanwhile, the battle for the strategic southern town of Bint Jbeil is seen as a potential barometer for the talks: if Israeli forces capture the town, they may harden their demands; if Hezbollah holds, it could bolster Lebanon’s negotiating position. For now, Hezbollah remains defiant, with Qassem Naim declaring, "We will not rest, stop or surrender; the battlefield will speak for itself."
#israel #lebanon #hezbollah
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Sports Apr 15, 2026

UEFA Rejects Barcelona's Handball Protest Ahead of Champions League Second Leg

UEFA's disciplinary panel dismissed Barcelona's appeal over a handball incident involving Atletico …
UEFA announced on Tuesday that it has ruled Barcelona's protest concerning a handball incident in the Champions League quarter‑final first leg against Atletico Madrid as inadmissible. The decision was issued by the UEFA Control, Ethics and Disciplinary Body on 13 April 2026.Atletico, coached by Diego Simeone, secured a 2‑0 victory at Camp Nou, a result Barcelona attributes in part to a disputed moment when defender Marc Pubill handled the ball after a perceived goal‑kick was passed to him.Barcelona claimed the incident warranted a penalty and argued that referee Istvan Kovacs was not instructed to consult the VAR team. The club labeled the non‑award of a penalty a “major error” that directly influenced the match outcome.Despite the club’s appeal, UEFA’s statement confirmed that the protest does not meet the criteria for review, leaving the original 2‑0 scoreline intact as the teams prepare for the second leg.
#UEFA #Barcelona #Atletico Madrid
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Politics Apr 14, 2026

Canada's Liberal Party Secures Parliamentary Majority, Boosting Carney's Agenda

Canada's Liberal Party, led by Mark Carney, has secured a parliamentary majority after winning key …
Canada's Prime Minister Mark Carney has secured a parliamentary majority for his centrist Liberal government, strengthening his hold on power and allowing him to advance his agenda without relying on opposition support.The Liberals now hold 174 seats in the 343-seat House of Commons of Canada after winning key by-elections in three ridings, or electoral districts, on Monday.In a statement following the victory, Carney signalled that affordability and the economy would remain his central priorities. He added that voters had “placed their trust” in his government.“We accept their support with humility, determination, and a clear understanding of what this moment demands for our country,” Carney said on Tuesday.He also announced that Canada will suspend the federal fuel excise tax on petrol and diesel from April 20 to September 7 to help consumers cope with rising prices. The move, Carney explained, is expected to cut petrol prices by about 10 cents Canadian (US$0.07) a litre and diesel costs by four cents (US$0.03).Analysts say the Liberal majority reflects voter concerns about the economy. A former governor of the Bank of Canada and the Bank of England, Carney is seen as more fiscally savvy than his predecessors.“He is focused on helping Canada survive the economic turmoil, not remaking society,” said Laura Stephenson, chair of the political science department at the University of Western Ontario. “When we’re in tough times like this, there are different calculations being made.”
#Mark Carney #Liberal Party of Canada #Canadian Parliament
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Gallery Apr 14, 2026

Maradona's Childhood Home Transformed into Soup Kitchen Amid Economic Hardship

The childhood home of Argentine football legend Diego Maradona has been converted into a soup kitch…
In a heartwarming display of community compassion, the childhood home of Argentine football legend Diego Maradona has been transformed into a soup kitchen to support those struggling amid President Javier Milei's austerity measures.Located at 523 Amazor street in Fiorito, a Buenos Aires suburb where Maradona grew up in extreme poverty, the initiative provides meals and clothing assistance to locals in need. The neighborhood, home to about 50,000 residents, features numerous murals commemorating Maradona's illustrious career.As a criminal negligence trial begins against the medical team responsible for Maradona's final care, his childhood community continues his legacy of compassion. Neighbors visit 'Diego's house,' where volunteers prepare chicken stew and other meals in large cauldrons in the yard, accompanied by cumbia music, Maradona's preferred genre.Diego Gavilan, a local who benefits from the kitchen's services, shared that Maradona would often emphasize the need to help those struggling with hunger. Gavilan, who collects cardboard and scrap metal, began visiting the soup kitchen after Milei implemented radical free-market reforms in December 2023.Despite statistics showing poverty reduction under Milei, primarily due to decreasing inflation, family finances remain in crisis. Over 20,000 business closures have been reported due to increased imports and plummeting consumption.Gavilan expressed gratitude for the assistance, noting that Maradona suffered greatly from hunger in the same neighborhood as a child. The facility operates without dining accommodations, with volunteers distributing food in bags to those waiting at the entrance.Maria Torres, one of the centre's cooks, believes Maradona would approve of his childhood home's charitable repurposing, saying, 'People are going hungry.'
#maradona #his #childhood
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Sports Apr 14, 2026

Ghana appoints veteran tactician Carlos Queiroz to steer Black Stars into 2026 World Cup

The Ghana Football Association has hired experienced coach Carlos Queiroz to lead the Black Stars i…
Ghana has named Portuguese veteran Carlos Queiroz as head coach of the men’s national team, a move made less than two months before the kickoff of the 2026 FIFA World Cup.The Ghana Football Association (GFA) announced that Queiroz will assume immediate responsibility for the squad’s tournament preparations, working alongside key stakeholders to finalize the roster.“The Executive Council of the Ghana Football Association, working with all key stakeholders, has appointed Carlos Queiroz as head coach of the senior national team, the Black Stars,” the GFA said in an official statement.At 73, Queiroz recently departed his role as Oman’s manager after the side failed to qualify for the World Cup, but his appointment marks his fifth consecutive World Cup appearance, this time guiding Ghana.Ghana found itself without a coach 72 days before the tournament after parting ways with Otto Addo following friendly defeats to Austria and Germany in March.Queiroz’s World Cup résumé includes leading Portugal to the round of 16 in 2010 and steering Iran through three editions, recording three wins in 13 matches.Born in Mozambique, the former goalkeeper has also managed Egypt, Japan, Colombia and South Africa, and previously helmed Portugal in the early 1990s.“This is not just another job – it is a mission,” Queiroz said. “I am ready to give everything of my experience and knowledge once again, in service of the game and the happiness of people.”He was chosen from more than 600 local and foreign applications because of his extensive World Cup experience.Ghana have been drawn into Group L alongside Croatia, England and Panama.The Black Stars will fine‑tune their tactics in warm‑up matches against Mexico on May 22 and Wales on June 2.
#Ghana Football Association #Carlos Queiroz #Black Stars
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