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World Economy Mar 24, 2026

UK Defence Industry in Crisis as Delayed Spending Plan Leaves Firms 'Bleeding Cash'

The UK defence industry is facing a crisis due to a delayed military spending plan, leaving firms s…
The UK defence industry is in a state of crisis as a long-delayed military spending plan has left firms 'bleeding cash' and in 'paralysis'. The six-month delay to the defence investment plan (DIP) has resulted in some companies going bust, while others are struggling to stay afloat.Industry groups have warned that the delay has left the UK behind Germany and the US in attracting investment from global investors. The DIP, originally expected last autumn, has been repeatedly postponed amid warnings that the military faces a £28bn funding gap over the next four years.Samira Braund, the defence director of the ADS Group trade body, described the situation as 'paralysis', stating that the government has not put effective mitigation plans in place. The boss of BAE Systems, Europe's biggest defence contractor, has urged ministers to publish the plan, while some smaller firms have been forced out of business.One such company was MTE Heat Treatment, a Yorkshire-based manufacturer with just over 30 employees that helped make turbine blades for jet engines. It fell into administration in February. Andrew Kinniburgh, the head of the trade body Make UK's defence arm, warned that the delay risks deterring investment in the UK at a time when the US and Europe are also raising military spending.The DIP will show how the government plans to fund its strategic defence review, the blueprint for transforming the military amid growing threats from Russia, rising commitments to Nato and against the backdrop of the US-Israel war on Iran. Ministers accepted all the review's recommendations when it was published last June, but the head of the military, Air Chief Marshal Sir Richard Knighton, told MPs in January that defence cuts would be needed without more funding.
#defence #military #cash
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World Mar 24, 2026

Israel Vows Further Strikes on Iran and Lebanon After Tel Aviv Missile Hit

An Iranian missile struck central Tel Aviv, causing widespread damage and injuring at least six peo…
An Iranian missile has struck central Tel Aviv, causing widespread damage to buildings and vehicles, and injuring at least six people. The attack has led to a significant escalation of tensions in the region, with Israeli Prime Minister Benjamin Netanyahu vowing to continue striking Tehran and Lebanon.“There’s more to come,” Netanyahu said in remarks that appeared to corroborate those of three Israeli officials who told Reuters they thought it was improbable that Iran would accept US demands in any new round of negotiations. This development has dimmed hopes of de-escalation after US President Donald Trump played up the chances of a deal to end the conflict.In a statement released on Tuesday, Iran’s Islamic Revolutionary Guard Corps said it would launch heavy missile and drone attacks at Israeli troops in northern Israel and the area near Gaza “without restraint” unless Israel ceased attacks in Lebanon and Palestine. The threat has raised concerns about the potential for further escalation in the region.Police said an Iranian munition carrying a substantial explosive payload struck the central city, causing widespread damage to buildings and vehicles. At least six people were lightly injured. Several buildings were damaged across Tel Aviv, with emergency services reporting casualties at one of the impact sites. One building and the adjacent road were heavily affected, with cars set ablaze.Israel’s health ministry reports 4,829 injured people have been brought to hospitals since the onset of the war. Of those people, 111 remain in hospital and 12 are in a serious condition. The strikes were the latest in a cycle of retaliation after Israeli operations announced on Monday.About 40 minutes after Trump said he would delay action against Iran’s power infrastructure, Israel said on X that it had “just begun another wave of strikes targeting infrastructure of the Iranian terror regime across Tehran”. The Israel Defense Forces said energy facilities would be spared, suggesting that Israel may be aligning with Washington in suspending attacks on Iranian power plants and related sites.The US-based Human Rights Activists’ News Agency said in the previous 24 hours it had recorded at least 206 attacks across 15 provinces in Iran, resulting in at least four casualties (killed and injured, both civilian and military). At least six people were killed in strikes on homes in the city of Tabriz, according to Iran’s Fars news agency.Since US-Israeli bombs started falling on Iran, estimates of total deaths (military and civilian) in the country have exceeded 1,500, with some rights groups reporting figures as high as 3,230 as of 21 March. The escalation has also spilled beyond Israel, with Iranian strikes extending into Gulf states.
#israel #iran #lebanon
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World Economy Mar 24, 2026

UK Manufacturers Hit by Sharpest Cost Inflation Rise Since 1992

UK manufacturers have experienced the sharpest one-month acceleration in costs since 1992, driven b…
The UK's manufacturing sector has been hit by the sharpest rise in cost inflation since Black Wednesday in 1992, as the conflict in the Middle East drives up oil prices and disrupts supply chains. According to the Purchasing Managers' Index (PMI), cost inflation in manufacturing jumped to its highest level since October 2022, marking the largest month-on-month change since 1992.The rapid increases in costs mainly relate to fuel, transportation, and energy-intensive raw materials. The composite PMI index, covering services and manufacturing, stood at 51, suggesting the economy is still expanding, but at a sharply slower pace than the 53.7 seen in February.Chris Williamson, chief business economist at S&P; Global Market Intelligence, said: "Output growth across manufacturing and services has slowed to a crawl as companies blamed lost business directly on the events in the Middle East, whether through heightened risk aversion among customers, surging price pressures, higher interest rates, or via travel and supply chain disruptions."The CBI's survey of the retail sector also showed the fastest annual decline in sales volumes since April 2020, with the balance of retailers reporting rising sales at -52% in March, down from -43% in February.Martin Sartorius, lead economist at the CBI, said: "Retailers report that weak economic conditions continue to weigh on household spending, with subdued activity also evident across the broader distribution sector."Emily Sawicz, a director and industrials senior analyst at RSM UK, said: "Despite some resilience, geopolitical tensions remain a key concern for UK manufacturers – underscoring that conditions remain highly uncertain. The recovery many hoped to see take hold in 2026 now appears likely to be delayed at best, as rising energy costs and persistent inflation risks threaten to slow momentum."
#since #prices #rising
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Sports Mar 23, 2026

US Security Concerns Rise as $625M in World Cup Funding Stalls

The US is facing growing security concerns ahead of the 2026 FIFA World Cup due to a delay in $625 …
The United States is experiencing rising security concerns as the 2026 FIFA World Cup approaches, with intelligence briefings warning of potential extremist attacks and civil unrest. The event, set to take place in June and July across the US, Canada, and Mexico, is expected to draw hundreds of millions of dollars in revenue and attract massive crowds. **A significant delay in $625 million in federal security grants** has compounded the issue, with officials warning that the stalled funding could hinder preparations and leave the country vulnerable to threats. The grants, part of a Republican-backed spending bill passed in July 2025, were initially expected to be allocated by January 30, but have yet to be distributed. The intelligence briefings, obtained by Reuters, have highlighted the risk of **extremist attacks on transportation infrastructure** and civil unrest related to President Donald Trump's immigration crackdown. There are also concerns about the presence of US Immigration and Customs Enforcement (ICE) officers and potential retaliatory threats. **The Federal Emergency Management Agency (FEMA) announced on Wednesday that it had awarded the grants**, which will be used to bolster security preparations. However, officials have expressed concerns that the delay could impact the ability to prepare for the event, with some warning that it will be 'extremely tight' to get everything in place in time. The security concerns extend beyond the matches themselves, with **FIFA Fan Festival events** also posing a risk. Several World Cup and state officials have expressed concerns about the potential for large crowds to gather and the risk of hostile actions by lone actors or extremist elements. **The event is expected to draw massive crowds and significant attention**, with 104 matches scheduled to take place across the US, Canada, and Mexico. US Representative Nellie Pou, a Democrat representing a district in New Jersey that includes MetLife Stadium, one of the sites where games will be played, said that each of the World Cup's 104 matches would be equivalent to a Super Bowl.
#cup #world #security
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World Economy Mar 23, 2026

Gulf Economies Reeling as Iran War Disrupts Trade and Tourism

The ongoing conflict between the US, Israel, and Iran is having a significant impact on the economi…
The economic fallout of the US and Israel's war with Iran is being felt across the globe, with Gulf economies suffering some of the worst damage. Iran has launched continuous attacks on Gulf states since the onset of the conflict on February 28, arguing that it is targeting military bases used by the US for the war.Gulf nations have rejected Tehran's claims, insisting the attacks on them are unjustified. The Iranian strikes have upended energy production and inflicted major disruptions to tourism and travel, putting the region at risk of some of the most severe economic harm since the 1990-1991 Gulf War.According to Khaled Almezaini, an associate professor of politics and international relations at Zayed University in Dubai, the region is likely losing hundreds of millions of dollars per day in economic activity due to disruptions to aviation, tourism, shipping routes, and energy exports.Middle Eastern oil producers' daily output declined from 21 million barrels to 14 million barrels after a little more than a week of conflict, according to Rystad Energy. Output is expected to drop substantially further if commercial shipping continues to avoid the Strait of Hormuz due to Tehran's threats.Goldman Sachs estimated that Qatar and Kuwait could see their GDPs plunge 14% if the war lasts until the end of April, with the UAE and Saudi Arabia facing contractions of 5% and 3%, respectively. Meanwhile, S&P; Global Ratings has affirmed a 'stable outlook' for Qatar, citing the country's large financial buffers.The war has also spilled over into other critical sectors, particularly tourism and travel, which accounts for about 11% of the GCC's GDP. Airspace closures and restrictions led to 37,000 flight cancellations from February 28 to March 8 alone.In an analysis published last week, the World Travel & Tourism Council estimated that the conflict was costing the region $600m in daily spending by international visitors. The economic fallout could be comparable to historic regional crises if the war drags on.
#war #gulf #economic
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World Economy Mar 22, 2026

Hummus Becomes a British Staple: From Exotic Curiosity to Mainstream Favorite

Hummus has become a staple in British cuisine, joining the list of foods used to measure the cost o…
Hummus has become an integral part of British cuisine, joining the inflation basket as a staple food item. The dip's popularity has grown exponentially since its introduction to British supermarkets in the late 1980s.Waitrose was the first British supermarket to stock hummus in 1987, marking the beginning of its journey from an exotic curiosity to a mainstream favorite. Today, hummus is a ubiquitous presence in British supermarkets, with Tesco offering 18 different versions of the dip.The success of hummus can be attributed to its versatility, with Ramona Hazan's eponymous brand producing 80-100 tonnes of hummus a week. Hazan started her company in her London flat in 2004 with a £25 Kenwood blender and now has a brand valued at £24m.The UK's changing dietary habits have played a significant role in hummus's popularity, with consumers increasingly opting for healthier alternatives. Middle Eastern cuisine has become increasingly mainstream, with chefs like Yotam Ottolenghi and Claudia Roden contributing to its popularity.The addition of hummus to the inflation basket reflects the significant impact of healthier lifestyle choices on consumer spending. Alcohol-free beer will also be included in the basket for the first time, highlighting the shift towards healthier alternatives.
#hummus #says #dip
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Global Development Mar 19, 2026

Tanzania Court Quashes Woman's Death Sentence After Over a Decade on Death Row

A Tanzanian court has quashed the conviction and death sentence of Lemi Limbu, a woman with severe …
Lemi Limbu, a woman with severe intellectual disabilities in Tanzania, has had her conviction and death sentence quashed after spending more than a decade in prison awaiting execution. Limbu, now in her early 30s, was convicted of the murder of her daughter in 2015.On 4 March, a court in Shinyanga, northern Tanzania, declared she can appeal. She will face a retrial, but a date has yet to be set. Lawyers and activists have condemned her sentence, saying she should not be in prison at all. Limbu, who remains incarcerated, is a survivor of brutal and repeated sexual and domestic violence and has the developmental age of a child.Under Tanzanian and international law, Limbu should not be held criminally liable, given her intellectual disability. “She was not supposed to be in prison in the first place,” said Anna Henga, executive director of Legal and Human Rights Centre, a Tanzanian human rights advocacy organisation.At her first trial, Limbu pleaded not guilty. Unable to read or write, she said she did not know the contents of a statement that police claimed she had made admitting to the murder. Her original conviction in 2015 was nullified in 2019 due to procedural errors. In 2022, she was retried and sentenced to death a second time.The court did not allow evidence to be heard from medical professionals about her intellectual disabilities or history of abuse. A clinical psychologist who evaluated her had concluded she had a severe intellectual disability and the developmental age of a 10-year-old child or younger.A coalition of 24 African and international human rights groups last year condemned Limbu’s sentence as part of an appeal to the African court on human and peoples’ rights to look at the plight of women on death row throughout Africa. In Tanzania, the death penalty is the mandatory sentence for murder, although no executions have been carried out since 1995.
#she #her #limbu
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World Economy Mar 19, 2026

UK Defence Spending Boost Doesn't Mean Abandoning Global Values

The UK government is increasing defence spending while reducing overseas aid, sparking concerns abo…
The world is currently experiencing unprecedented levels of global instability and insecurity, with multiple conflicts erupting in regions such as the Middle East, Ukraine, Gaza, Sudan, and Lebanon. In response, the UK has increased its defence spending at the fastest pace since the end of the Cold War. This increase is being funded partly through a reduction in overseas aid spending over the next three years, a decision also made by several allied countries. Despite this, the Labour government emphasizes that its commitment to international development remains strong, viewing it as a fundamental part of its moral purpose and national interest. The reduction in aid does not signify a withdrawal from global responsibilities, but rather a strategic shift in prioritizing spending. The government plans to focus on areas with the greatest needs, particularly in fragile and conflict-affected countries such as Sudan, Palestine, Ukraine, and now Lebanon. Support for these regions is crucial for preventing humanitarian crises and promoting global stability. The new approach to development will prioritize: Innovative development strategies that deliver more impactful results Partnerships over paternalism, working closely with countries to build their own capacities Conflict prevention and resolution, particularly through education in conflict zones Climate and nature action to mitigate the effects of extreme weather Unlocking new sources of finance to drive growth and economic development The UK aims to lead reforms in international development, modernizing multilateral institutions and increasing investment in critical areas such as women's health and the BBC World Service. The government asserts that its values have not changed, and it remains committed to justice and global stability, even in the face of new security challenges.
#our #development #not
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Technology Mar 17, 2026

Mythmatch Review: A Heavenly Match-Three Game with a Twist of Ancient Greek Mythology

Mythmatch is a match-three game set in ancient Greece, where players take on the role of Artemis, t…
Mythmatch is a match-three game that has captured the essence of ancient Greek mythology, blending it with a heartwarming tale of friendship and community. Players take on the role of Artemis, the immortal daughter of Zeus, who is determined to become the God of the Hunt. To achieve her goal, Artemis must first earn favor with a council of her elders on Mount Olympus, and they all have puzzle-based jobs for her.The game seamlessly integrates elements from various puzzle games, such as Plants vs Zombies and Overcooked, into its match-three gameplay. As Artemis navigates her way through the challenges set by the gods, she gets cast out of Olympus and sent down to the mortal town of Ithaca, home of Odysseus. Here, the game transforms into a rural life sim, where players help the locals by constructing new buildings, assisting their trade with other settlements, and solving their complicated lives.The gameplay cycle revolves around spending days on Earth becoming a more useful deity and then returning to Olympus at night to try to better your score at the challenges set by the gods. As players become indispensable in the lives of the mortals, they reward Artemis with ecclesiastical XP (experience points), which can be spent to make the Olympian puzzle tasks easier.The visual style of Mythmatch is gentle and cartoonish without being overly cute, and the characters are well-drawn and sympathetic. The game tackles timeless sociopolitical themes, including unrequited love, social anxiety, absent fathers, corporate greed, and the philosophy of leadership. The game is also extremely funny, with a unique sense of humor that adds to its charm.Overall, Mythmatch is a lyrical poem about beautiful and rewarding game design. With its interlocking systems, pleasing pace, and ebb and flow between Olympus and the mortal realm, the game is almost hypnotic. If you're looking for a new game to get lost in, Mythmatch is available now for £16.75.
#you #game #can
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