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The International Energy Agency (IEA) has sharply cut its forecasts for global oil supply and demand growth, citing disruptions caused by the US-Israel war on Iran that are impacting oil flows and weighing on the global economy.According to the IEA's report, global oil demand is expected to fall by 80,000 barrels per day (bpd) this year, a significant drop from the projected year-on-year rise of 640,000 bpd in its previous monthly report.The forecast comes after the International Monetary Fund, World Bank, and IEA urged countries to avoid hoarding energy supplies and imposing export controls that could exacerbate the shock. IEA chief Fatih Birol appealed to all countries to let energy stocks flow to the markets, warning that demand destruction will spread as scarcity and higher prices persist.The IEA report highlighted that the deepest cuts in oil consumption have come from the Middle East and Asia Pacific, particularly for naphtha, LPG, and jet fuel. A projected 1.5 million bpd drop in demand in the second quarter of this year would mark the deepest contraction since the COVID-19 pandemic.The Organization of the Petroleum Exporting Countries (OPEC) also lowered its prediction for world oil demand in the second quarter, but kept its full-year outlook unchanged. The IEA noted that attacks on energy infrastructure in the Middle East and Iran's closure of the Strait of Hormuz have led to the largest oil supply disruption in history, with 10.1 million bpd lost in March.Iran's de facto control over the Strait of Hormuz, a key route for global energy shipments, sent gas and petrol prices skyrocketing around the world. The US blockade on Iranian ports has further clouded the outlook for global energy security and the supply of goods that rely on petroleum.The IEA warned that oil demand could plunge even further if the strait remains closed, and emphasized that resuming flows through the Strait of Hormuz remains the single most important variable in easing pressure on energy supplies, prices, and the global economy.Meanwhile, Russia has benefited from the disruptions, with its revenues from crude oil and refined products rising in March due to the surge in prices. Moscow's crude oil exports rose by 270,000 bpd last month to 4.6 million bpd, driven by higher seaborne shipments.

Asian stock markets experienced a significant surge on Tuesday, while oil prices declined, as renewed hopes for ceasefire talks between the United States and Iran brought relief to global markets. US President Donald Trump announced that Iranian officials had reached out to his administration, expressing their openness to a deal.The positive turn for markets came after Trump's remarks at the White House, where he stated, 'We've been called by the other side, and they would like to make a deal very badly.' This development led to gains in major Asian markets, including Japan's Nikkei 225, which rose as much as 2.5 percent, and South Korea's KOSPI, which gained about 3.7 percent. Singapore's Straits Times Index also climbed about 0.6 percent, while Hong Kong's Hang Seng Index was up about 0.4 percent in the early afternoon, and the SSE Composite Index in Shanghai was about 0.5 percent higher.The rally in Asia followed gains on Wall Street, with the benchmark S&P; 500 finishing up 1 percent overnight. Meanwhile, Brent crude, the benchmark for global oil prices, dipped nearly 1.5 percent, falling below $98 a barrel. This decline in oil prices occurred despite the US imposing a naval blockade on Iranian ports, a move that analysts warn could exacerbate the energy shortage affecting the global economy.Iran has effectively halted shipping through the Strait of Hormuz since the start of the conflict on February 28, significantly impacting the global energy market. Only 21 vessels transited the strait on Sunday, compared to roughly 130 daily transits before the conflict began, according to maritime intelligence provider Windward.

Celebrating two decades since its West End debut, Avenue Q is back at London’s Shaftesbury Theatre until 29 August, offering a refreshed version of the Broadway‑to‑London hit that originally won Tonys for Best Musical, Book and Score.The revival, billed as a “love letter to the original”, is helmed once again by Jason Moore – the director who first staged the show in 2006. At 55, Moore admits that returning to a work he originally conceived is unusual, but he sees the anniversary as an opportunity to upgrade the show’s scale, technical ambition and cultural sensitivity.Created by composers Robert Lopez and Jeff Marx with book by Jeff Whitty, the musical blends colourful Sesame‑Street‑style puppets with adult themes such as sex, racism, housing crises and existential angst. While the core story remains, the production team has added contextual notes to jokes that might puzzle Gen‑Z audiences – for example, the reference to 1980s sitcom star Gary Coleman is retained but clarified for modern viewers.Moore’s casting criteria emphasise a youthful “innocence” and a strong aptitude for puppeteering. As actor Emily Benjamin explains, performing through a puppet is an “ego death” that forces the performer to shift focus from self to the character, reducing vocal anxiety and deepening emotional honesty.Behind the scenes, puppet director Iestyn Evans coordinates a complex choreography where human actors operate hand‑and‑rod puppets in full view, interacting simultaneously with fellow performers. This layered performance style demands precise timing, especially when tackling songs like “Everyone’s a Little Bit Racist” and “If You Were Gay”, which have sparked whole‑company discussions about their relevance and sensitivity today.Moore acknowledges that the show’s transgressive edge – famously illustrated by “naked puppets having sex” – still feels bold, even as contemporary West End productions such as Oh, Mary! and The Book of Mormon have pushed similar boundaries. He argues that the musical’s core questions – “how do you give your life meaning?” – remain timeless, and that the updated production aims to engage a new generation of audiences.As Benjamin puts it, “they might just be little cloth things, but people can often empathise with something that isn’t real more directly than with a human being telling the same story.” The revival therefore hopes to prove that puppetry can still provoke, entertain and resonate in today’s cultural climate.

Gordon Ramsay's latest reality TV venture, Secret Service, has taken the Kitchen Nightmares formula to new heights by sending the famously fiery chef undercover to expose the horrific conditions at a struggling Washington DC restaurant, Parthenon. Ramsay arrived at the Parthenon in the early hours of the morning, donning a baseball cap and driving a SUV. He had been contacted by a whistleblower from within the restaurant, who arranged for him to break in overnight to investigate the kitchen's state. Upon entering, Ramsay was met with a scene that looked like the aftermath of a crime, with fatty burnt-orange goo covering the prep surfaces and a black light scan revealing a kitchen in a shocking state of disarray. The kitchen's condition was so bad that Ramsay predicted "rats the size of my grandmother's cat" could be present. He then descended into the sticky horror of the basement, where he found a bandsaw used to slice racks of lamb with fleshy residue on it, and a plastic bag of raw chicken sitting in bloody ice-water. A bacteria expert later confirmed the presence of tiny things wriggling in the samples. The next day, Ramsay sat in a broadcast truck, monitoring the restaurant's service via a wall of monitors and headphones. He directed the filming, barking orders and reacting to the listeria-flavoured fiasco unfolding before him. The footage was then edited with special spy effects, including a green light blinking in the corner and the name of the room displayed at the top of the screen. Ramsay's team also sent in two young chef pals to pose as diners, wearing body-mounted cameras to gather evidence. When they ordered the bandsaw lamb, Ramsay shouted into their earpieces, "Don't eat those lamb chops!", before bursting into the restaurant to confront the staff. The intervention led to a dramatic showdown with the restaurant's owner, Pete, and his family. Ramsay's tough love approach and emotional truths helped to bring about a watershed moment in their lives. The restaurant was subsequently refitted and a new menu implemented, with Pete's son Mikey taking charge. The show's mix of kitchen reality and cheesy espionage did not detract from the emotional impact of the transformation, as Pete tearfully thanked Ramsay for his intervention. The identity of the secret insider who contacted Ramsay was also revealed, adding a gripping mystery to the episode.

United Airlines CEO Scott Kirby reportedly pitched a merger with American Airlines to US President Donald Trump in late February, according to sources. This potential deal would combine the world's two largest carriers by available capacity, significantly impacting the global air travel industry.The proposed merger would be the largest consolidation move in the airline industry in at least a decade, combining the 'big four' US carriers – United, American, Delta, and Southwest – into the 'big three'. Collectively, these airlines already control 74% of passenger capacity in the US market.Shares in United rose 3.9% and American climbed 9.3% during early trading in New York on Tuesday following the report. However, critics warn that the deal would likely face intense opposition from unions, rival airlines, lawmakers, and airports due to concerns around overlapping routes and job losses.Experts also caution that a merger would have a detrimental impact on passengers, leading to fewer choices, higher ticket prices, and more fees. Ganesh Sitaraman, director of the Vanderbilt Policy Accelerator, described the potential merger as 'an absolute disaster for the flying public'.William McGee, a senior fellow for aviation and travel at the American Economic Liberties Project, called the proposed deal 'undoubtedly the most absurd airline merger I've ever heard about'. He emphasized that a single US carrier controlling nearly 40% of the market would be unprecedented and harmful to consumers.Despite these concerns, some stakeholders, such as Capt. Dennis Tajer, spokesperson for the Allied Pilots Association, approached the report with an open mind, highlighting American Airlines' financial and operational challenges under current management.

Nelson Mandela once claimed sport could spark hope where despair prevailed – a sentiment that now feels overly optimistic as climate change threatens every arena, from football pitches to alpine slopes.Extreme weather events are already cancelling competitions and rendering venues unplayable through floods, wildfires and storms. Rising heat and air‑pollution expose athletes to heat‑related illnesses, asthma and cardiovascular strain, while also increasing injury risk and diminishing performance for officials and spectators alike.Countries most vulnerable to climate impacts face the harshest sporting challenges. As Barbados Prime Minister Mia Mottley warned, athletes must compete on the conditions that exist, not on idealised pitches, while wealthier nations and governing bodies often look the other way.Historian David Goldblatt estimates sport’s carbon footprint rivals that of a small‑ to medium‑sized nation – roughly the emissions of Cuba to Poland. Yet the industry continues to chase growth, attracting sponsorship from fossil‑fuel giants and even entities reminiscent of the tobacco era.A 2024 “Dirty Money” report by the New Weather Institute revealed that state‑owned and private fossil‑fuel companies have poured at least $5.6 billion (£4.2 billion) into global sport across 205 active deals. The recent Milan‑Cortina Winter Olympics relied on oil major Eni to fund artificial snow, while the upcoming men’s football World Cup – labelled the “most polluting ever” by Scientists for Global Responsibility – will be plastered with ads from Aramco, the world’s largest corporate greenhouse‑gas emitter, with emissions projected to be 92 % higher than typical tournaments between 2010‑2022.Fans and grassroots organisations are pushing back. Groups such as Surfers Against Sewage, Fossil Free Football, FrontRunners and Protect Our Winters are mobilising, while clubs like Forest Green Rovers and athletes such as Australian cricket captain Pat Cummins are publicly denouncing fossil‑fuel ties.Alternative sponsorships are emerging: Northern Rail backs the Rugby Super League, Metrobank partners with cricket, and Oxford United’s limited‑edition shirt celebrates John Ruskin’s “Study of a Wild Rose,” linking sport to environmental heritage.“The Hotspot” aims to surface the most compelling stories, analyse data, and chart a path forward for sport in a warming world. As the planet races toward a climatic finish line, sport must deliver its own last‑second victory.This excerpt is from the inaugural issue of The Hotspot newsletter. To subscribe, visit this page and follow the instructions.

A remarkable fossil discovery in Victoria, Australia, has revealed that giant echidnas once roamed the region. The Owen's giant echidna, Megalibgwilia owenii, lived during the Pleistocene epoch, which began 2.5 million years ago.The fossil, discovered in the Buchan cave complex in East Gippsland, is a significant find, as it fills a 1,000km gap in the species' known distribution. Previously, specimens of the extinct monotreme had been found across Australia, from Western Australia to Tasmania, but mysteriously absent from the fossil record in Victoria.The Owen's giant echidna was about twice the size of Australia's modern echidnas, growing up to 1 metre long and weighing up to 15kg. Its skeleton is much more robust than that of comparably sized animals, with deeper, more prominent muscle scars and larger attachments for ligaments, indicating it was using much greater force when interacting with the landscape.According to Tim Ziegler, the collection manager of vertebrate palaeontology at the Museums Victoria Research Institute, the fossil was likely used for digging for buried larvae, larger prey of beetles, or bogong moths, or tearing tree bark to access food.The research, published in Alcheringa: An Australasian Journal of Palaeontology, provides new insights into the distribution and habitat of the Owen's giant echidna during the ice age.

The Evolution of Enterprise AutonomyMicrosoft is quietly pivoting from reactive AI assistants to proactive, autonomous agents within its ecosystem. The tech giant is currently testing a new feature set for Microsoft 365 Copilot that mimics the capabilities of the open-source OpenClaw agent. This move signals a strategic shift toward "always-on" intelligence that can execute multistep tasks autonomously, rather than merely responding to user prompts. Microsoft's "Always-On" Copilot StrategyThe core innovation of this potential new agent is its ability to function continuously. Unlike previous iterations that required active user engagement, this tool would be designed to take actions at any time, effectively acting as a persistent digital assistant. Microsoft has confirmed to The Information that the focus is on enterprise customers, specifically addressing the security concerns that have historically plagued open-source alternatives. Autonomous Execution: Capable of handling multistep workflows without constant supervision. Enterprise Focus: Prioritizing security controls over the flexibility of open-source tools. Integration: Built directly into the existing Microsoft 365 ecosystem. Cloud vs. Local: The Hardware ImplicationWhile the source material suggests a comparison with OpenClaw—which runs locally on hardware like the Mac Mini—Microsoft has not confirmed if this new agent will be local or cloud-based. However, the trend is clear. The company previously launched Copilot Cowork (powered by Anthropic's Claude) and Copilot Tasks, both of which operate in the cloud. The potential shift to a local execution model would explain the recent surge in Mac Mini sales, as users seek hardware capable of running these resource-intensive, privacy-focused agents. Why This Matters for Enterprise SecurityThe primary driver for this development is the "trust gap" in enterprise AI. Open-source agents like OpenClaw offer powerful automation but carry significant security risks. By creating a proprietary version, Microsoft aims to offer the autonomy of open-source tools with the governance of a major corporation. This aligns with Microsoft's broader strategy of anchoring AI experiences in security, governance, and trust, reducing the friction of daily operations for enterprise workers. Expectations for Microsoft Build 2026Industry analysts predict that this new agent—or an upgraded version of existing tools—will be a centerpiece of the upcoming Microsoft Build conference in June. While the company remains tight-lipped about the specifics, the spokesperson's confirmation that they are "experimenting" with broader orchestration and autonomy suggests a major reveal is imminent. This development could redefine how businesses interact with their software stack, moving from a tool-based model to an agent-based model.

Jorginho, the Flamengo footballer, has clarified his comments on last month's incident between his 11-year-old stepdaughter and a security guard in Brazil, calling his previous claims against Chappell Roan “a misunderstanding”.“I made my initial statement in the heat of the moment, after hearing that my child and wife had been approached by an adult male security guard in an intimidating way,” Jorginho wrote on Instagram. “I reacted as any father would. My priority is, and always will be, protecting my family, and that is exactly what I did.”Chappell Roan was in Brazil to perform at Lollapalooza festival, two years after reportedly drawing one of the biggest crowds in the festival’s history.“At the time, we acted on the information that was available to us,” Jorginho said. “Since then, I have become aware of new information that has changed my understanding of parts of what happened. Chappell Roan made a public statement, reached out privately to [my wife] Catherine, and our teams also spoke directly. It became clear that she had no knowledge of what took place at breakfast and had not asked anyone to approach them. She was understanding and sympathetic to what had happened to our child.”Previously, the ex-Chelsea player had said that his stepdaughter was “extremely shaken and cried a lot” after Roan’s security spoke “in an extremely aggressive manner” to her and his wife when they saw the singer at a São Paulo hotel. Roan denied that the security guard was part of her team, saying: “No one came up to me, no one bothered me, I was just sitting at breakfast at my hotel.”Following Roan’s response, security guard Pascal Duvier spoke up about the events, saying: “I take full responsibility for the interactions on March 21st. I was at the hotel on behalf of another individual, and I was not part of the personal security team of Chappell Roan.”Noting Duvier’s comments, Jorginho said: “While we still do not know what prompted him to approach them, and do not believe an 11-year-old at breakfast could reasonably be seen as any kind of security threat, it is now clear that he was not acting on behalf of Chappell.“It was, ultimately, a misunderstanding in that respect, and I am glad to set the record straight. It’s important to me that this is clarified fairly and accurately. I regret the impact this situation has had on Chappell Roan, Catherine Ada, and our family.”Jorginho ended his statement by drawing a line under the incident. “As far as I am concerned, this matter is closed.”