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News Mar 31, 2026

Trump Considers Shifting Iran War Costs to Arab Allies, Reviving Gulf‑War Funding Playbook

White House officials say President Trump is exploring a plan to ask Arab nations to finance the U.…
President Donald Trump is reportedly weighing a request for Arab countries to fund the U.S.–Israel war on Iran, White House spokesperson Karoline Leavitt told reporters on Monday. Leavitt said the president is "quite interested" in calling on regional partners to share the expense.The idea mirrors the financing arrangement of the 1990‑91 Gulf War, when a coalition of Arab and Western nations covered roughly 88% of the $61 billion cost, leaving the United States to foot only about 12%.Trump also hinted that, even if the Strait of Hormuz remains closed, other export‑dependent partners should manage the crisis. The strait carries about 20% of the world’s oil and LNG shipments; its shutdown has pushed Brent crude to **$116 per barrel**, up from pre‑war levels near **$65**.Iran, meanwhile, has demanded that the United States pay reparations to Iranian victims as a precondition for any cease‑fire.So far, there is no clear commitment from Gulf Cooperation Council (GCC) members—countries that have themselves been hit by Iranian strikes—to finance the conflict. Analysts estimate the total bill could run into tens of billions of dollars, though exact figures remain uncertain.Experts note a shift in regional attitudes: GCC states opposed the war before it began and continue to call for diplomacy, according to Zeidon Alkinani of the Arab Perspectives Institute. He added that Israel appears to be the primary driver pushing the United States into the confrontation.History shows the United States has repeatedly sought external funding for wars it leads. During the Gulf War, Saudi Arabia contributed $16.8 billion (27% of total costs) and Kuwait $16 billion (26%). Japan, Germany, the UAE and South Korea also supplied sizable sums.Post‑World War II, the U.S. administered the Marshall Plan, providing over $13 billion to rebuild Europe, while Germany and Japan paid reparations and later funded the upkeep of U.S. bases—about $1 billion annually each.In the ongoing Ukraine war, the United States once delivered the largest aid package—€114.64 billion (≈$134 billion) by mid‑2025. Since Trump returned to office in 2025, he has withdrawn **99% of U.S. support**, shifting the financial load to European allies and turning the U.S. into a major arms supplier, with weapons sales reaching a record **$318.7 billion in 2024**. Recent deals, such as a $10 billion weapons package for Ukraine financed by European partners, illustrate this new model.These precedents underscore a pattern: when U.S. leadership faces costly overseas engagements, it often looks to allies—especially those with strategic interests—to share or assume the fiscal burden.
#war #ukraine #germany
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Politics Mar 30, 2026

Syrian Leader Seeks German Support for Reconstruction and Refugee Return

Syrian President Ahmed al-Sharaa visits Germany to discuss reconstruction efforts and the return of…
Syrian President Ahmed al-Sharaa has embarked on a significant diplomatic visit to Germany, where he met with President Frank-Walter Steinmeier and Chancellor Friedrich Merz to discuss the reconstruction of his war-torn country and the potential return of refugees. During his visit, al-Sharaa highlighted investment opportunities in Syria's energy, transport, and tourism sectors, portraying his homeland as a diverse nation with a wealth of skilled people. He expressed his desire to see some of the Syrians who fled to Germany return to help with reconstruction efforts, particularly those who have acquired German expertise and education. German leaders have expressed their support for Syria's reconstruction. German Foreign Minister Johann Wadephul pledged to support reconstruction efforts, stating that the Syrians deserve a chance to rebuild their country. Chancellor Merz, who has been keen to limit irregular immigration, also suggested that many Syrians would return home voluntarily, citing the end of the war. The visit comes as Germany has resumed deportations to Syria, although only a handful of cases have been processed so far. About one million Syrians fled to Germany in recent years, many arriving in 2015-2016. However, protests have been registered in Berlin against plans to send refugees back to Syria, under the slogan 'No deportation deals with human rights abusers.' Al-Sharaa's visit was initially planned for January but was postponed due to ongoing fighting in Syria. His trip marks a significant step in Syria's efforts to rebuild and reintegrate with the international community, with Germany playing a crucial role in supporting these efforts.
#Ahmed al-Sharaa #Frank-Walter Steinmeier #Friedrich Merz
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Sports Mar 30, 2026

UConn's Thrilling Upset Over Duke Proves Traditional College Basketball Powers Still Reign

UConn's stunning 73-72 win over Duke in the NCAA Tournament showcased the enduring appeal of colleg…
UConn's shock win over No 1 seed Duke on Sunday night to advance to the Final Four connected two disparate eras of college basketball. The game produced one of the greatest endings in NCAA Tournament history, with freshman Braylon Mullins's three-point heave from well beyond the arc sealing the 73-72 victory.The final 10 seconds of Sunday night's game evoked some of the greatest endings in tournament history, with Mullins and Silas Demary Jr's swarming of Cayden Boozer conjuring memories of UCLA's stunning 2006 comeback against Gonzaga and Villanova's 2016 national title win.UConn coach Dan Hurley praised his team's resilience, saying, 'We fought, we clawed, put ourselves in position to take advantage of a mistake that they made.' Mullins's game-winning shot will forever torment Duke fans, as the Blue Devils had led by 19 points in the first-half and No 1 seeds had been 134-0 when leading by 15 or more points in NCAA Tournament history.The win proved that recruiting and continuity still dictate success in college basketball, with UConn's senior Tarris Reed Jr. named the game's Most Outstanding Player after finishing with 26 points, nine rebounds, four blocks, and two steals. Reed's performance reminded fans of the era of dominant post players like Patrick Ewing and Dwight Howard.UConn's victory, coupled with their previous wins over Michigan State and St John's, showed that traditional powers can still thrive in an era of unlimited transfers and Name, Image and Likeness deals. Hurley's adaptability and UConn's roster, which included transfers Malachi Smith and Silas Demary Jr, demonstrated that an old-school approach can still yield success in modern college basketball.
#UConn #Duke #NCAA Tournament
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Business Mar 30, 2026

JP Morgan's Canary Wharf Project Hinges on Business Rates Deal

JP Morgan's plans for a £3bn office in London's Canary Wharf are conditional on securing a business…
JP Morgan's proposed 279,000 sq metre tower in Canary Wharf, which would serve as its European headquarters, is contingent on the UK government offering a business rates discount of up to 100% over a period of years. This potential sweetener could amount to hundreds of millions of pounds, as the site is estimated to generate up to £1.6bn in rates over 25 years.The development, which would house 12,000 JP Morgan staff, is part of a £3bn investment in London. The bank's CEO, Jamie Dimon, cited the UK government's priority on economic growth as a critical factor in the decision. However, documents from the local Tower Hamlets council reveal that JP Morgan is unlikely to progress with the project without clarity on the business rates incentive.The proposed discount has sparked controversy, as it would benefit a large corporation while potentially disadvantaging small businesses like pubs and restaurants that were recently hit with increased business rates in the budget. One proposal considers creating an enterprise zone around JP Morgan's development to enable time-limited business rates discounts.The negotiation highlights the significant influence of large corporations in securing favorable deals. Despite the potential economic benefits, including 7,800 construction-related jobs and an estimated £10bn contribution to the UK economy over six years, the deal raises questions about fairness and the cost to taxpayers.
#JP Morgan #Canary Wharf #London
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Business Mar 30, 2026

UK Savers Face Easter Sunday Cash Isa Deadline: Act Now to Maximize Allowance

UK savers are urged to act quickly as the deadline for this year's cash Isa allowance falls on East…
UK savers who want to maximize their cash Isa allowance are being warned not to leave it until the last minute, as the deadline for applications is on Easter Sunday, April 5. The cash Isa allows individuals to save or invest up to £20,000 per tax year, with returns free of tax. Experts are advising savers to take action now, as the allowance for those under 65 will be reduced to £12,000 from the next tax year. This change, announced in last year's budget, aims to encourage younger savers to consider investing in the stock market. In April 2025, a record £14 billion was paid into cash Isas, and this year is expected to see a similar surge. Anna Bowes, personal savings expert at The Private Office, emphasized that savers need to act quickly, as some providers may withdraw their offerings early to process applications before the deadline. Savers can currently find competitive interest rates, with fixed rates of around 4.45% available from providers like Close Brothers Savings, Furness building society, and Vida Savings. For variable-rate Isas, Plum is offering 4.66%, and Tembo Money is paying 4.55%, both including a bonus for the first 12 months. Rachel Springall, finance expert at Moneyfactscompare.co.uk, warned that savers should not delay, as missing the deadline could mean losing the chance to use this year's allowance. She also recommended exploring options beyond traditional high street banks, as challenger banks and building societies are offering some of the best deals.
#ISA #HMRC #Treasury
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World Mar 29, 2026

Houthi Involvement in Iran War: Escalating Conflict and Global Economic Risks

The Houthis' entry into the Iran war could significantly escalate the conflict and impact global sh…
The Houthis, a Shia sect backed by Iran, have entered the conflict with missile attacks on Israeli military sites. The true significance of their involvement depends on whether they intend to launch sporadic attacks or effectively close off the Red Sea to shipping. Disruption of the Bab al-Mandab strait and the Strait of Hormuz could have a devastating impact on global trade and economy. The Houthis' ability to interdict ships poses a significant threat, and their actions could drive up shipping costs and oil prices. The Houthis have a complex relationship with Iran, receiving arms from Tehran but not directly fighting on its behalf. A ceasefire with the US, mediated by Oman, has been in place since May 2025, but it does not apply to Israel. Saudi Arabia's role in Yemen's future is crucial, as it seeks to reach deals with the Houthis and former Southern Transitional Council (STC) supporters. The Houthis may act cautiously, seeking financial rewards from Saudi Arabia. The conflict could drag Yemen further into regional war, making peace more difficult and prolonging civilian suffering. The UN special envoy for Yemen, Hans Grundberg, has warned of the escalation's risks, stating it will deepen economic repercussions and prolong the suffering of civilians.
#houthis #iran #israel
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Politics Mar 28, 2026

Ukraine Secures Air Defence Deals with UAE and Qatar Amid Iranian Drone Threats

Ukrainian President Volodymyr Zelenskyy has signed defence agreements with the UAE and Qatar to coo…
Ukrainian President Volodymyr Zelenskyy has concluded defence agreements with the United Arab Emirates (UAE) and Qatar, focusing on joint expertise in countering threats from missiles and drones. The agreements were made during Zelenskyy's visit to Doha and the UAE earlier in the day. The defence pact with Qatar includes collaboration in technological fields, development of joint investments, and the exchange of expertise in countering missiles and unmanned aerial systems. This move comes as Iran continues to attack its Gulf neighbours, with Tehran insisting it targets only US assets in retaliation for the US-Israeli war on Iran. Ukraine has deployed 201 anti-drone experts to the Middle East to help Gulf nations counter Iranian drones. Kyiv has proposed swapping its interceptors for the more expensive air-defence missiles used by Gulf countries to down Iranian drones. Ukraine needs these missiles to fend off near-daily Russian missile attacks. The agreements highlight Ukraine's growing role as a leading producer of sophisticated, battlefield-proven drone interceptors. The country's expertise in downing Russian drones, which have been attacking Kyiv since the start of the full-scale invasion in 2022, is seen as a cost-effective solution for Gulf nations. For instance, Ukraine's interceptors cost around $2,000 each, compared to the $4 million cost of a Patriot missile. Zelenskyy's diplomatic tour aims to secure funding and technology in return for Middle East support. The US-Israeli war on Iran has depleted Patriot missile stocks, which concerns Ukraine as it needs these missiles to counter Russian ballistic missiles.
#Ukraine #United Arab Emirates #Qatar
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Sport Mar 27, 2026

UConn's Sarah Strong Dominates College Basketball with Unassuming Style

UConn's Sarah Strong is making a significant impact in women's college basketball with her impressi…
Sarah Strong, the 6ft 2in UConn forward, is chasing her second championship in as many years with an undefeated squad that hasn’t lost in 52 games dating back to last year. As a freshman, Strong thrived defensively in the 2025 NCAA tournament, while scoring the most points by a freshman in tournament history with 114.In her second season, Strong has been even more dominant. Her impact on both sides of the ball is so deep that she was named the Big East Player of the Year and the Big East Defensive Player of the Year. She’s the favorite to win the National Player of the Year award next month.This season Strong averaged 18.4 points, 7.5 rebounds, 4.1 assists, and 3.3 steals all while shooting 60.0% from the field. UConn coach Geno Auriemma praised her unique ability to play like a guard and play like a big guy.Unlike other collegiate women’s players with similar talent, such as Caitlin Clark, there is nothing flashy about Strong. She plays with certainty and lets her game do the talking. Her media commitments are increasing, but she remains uncomfortable with the spotlight.Strong’s poise, calm, and off-the-charts IQ have produced results impossible to ignore. Her parents, including former WNBA player Allison Feaster, instilled in her a respect for the game and family values.UConn assistant Jamelle Elliott quietly scouted Strong in ninth grade before the hype arrived and she became the country’s top recruit. Auriemma agreed with Elliott’s assessment, noting that Strong already had the skills that great players learn over time.With her star growing rapidly, Strong has inked NIL deals with Jordan Brand, Unrivaled, and Madison Reed. She had 18 points in each game as UConn rolled to first- and second-round wins last week, setting up Friday’s Sweet 16 matchup with North Carolina.
#she #strong #her
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Sports Mar 26, 2026

US Investors Make Record $3.41 Billion Bets on Indian Cricket Teams

US investors have made two record-breaking billion-dollar deals to acquire teams in the Indian Prem…
US investors are making significant inroads into Indian cricket, with two separate deals worth a combined $3.41 billion being announced on the same day for teams in the Indian Premier League (IPL).The deals involve the acquisition of the Rajasthan Royals for $1.63 billion by a consortium backed by US businessmen Kal Somani and Rob Walton, the former Walmart chairman. Additionally, the reigning champion Royal Challengers Bengaluru was bought for $1.78 billion by another consortium that includes US billionaire David Blitzer’s Bolt Ventures and US asset manager Blackstone.These transactions underscore the increasing allure of India’s national pastime among international investors seeking to tap into the most popular sport in the world’s most populous country. The valuations for the two teams represent a substantial jump from their original 2008 sales, when liquor baron Vijay Mallya bought RCB for $111.6 million, and Rajasthan sold for $67 million.The IPL, which features the sport’s shortest format called Twenty20, has developed into cricket’s hottest property. In 2022, the broadcast rights for the 2023-27 cycle were bought for $6.4 billion by Disney Star and Reliance Viacom18.“It’s mind-boggling numbers,” Indian cricketing great Sourav Ganguly told local reporters. “But great news for Indian cricket and the way forward. I think it’s already as big as the NBA.”Sport teams overall have become a major target of global investments, as businesses try to tap into new markets abroad and spending from their fan bases. Deloitte analysts wrote in an outlook published last month that the industry is “entering an age of expansion” — and that private equity deals across sports leagues have jumped in recent years.
#cricket #teams #indian
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