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US President Donald Trump has announced that Israel and Lebanon have agreed to a 10-day ceasefire, which will take effect at 5pm US East Coast time (21:00 GMT) on Thursday. The truce was brokered after Trump spoke with Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun.The ceasefire is seen as a significant development in the conflict between Israel and Lebanon, which was drawn into the US-Israeli war on Iran on March 2 when Hezbollah, the Iran-aligned Lebanese armed group, fired rockets at Israel. The conflict has resulted in over 2,196 deaths in Lebanon and thousands more wounded.Lebanese Prime Minister Nawaf Salam welcomed the announcement, describing the ceasefire as "a central Lebanese demand we have pursued since the first day of the war". Netanyahu confirmed he had agreed to the truce, which he said presented his country with an opportunity for a "historic deal" with Beirut.The US State Department said that Israel would retain the right under the agreement to carry out strikes in Lebanon in self-defence "at any time". The ceasefire could be extended by mutual consent. Trump later said the Lebanese government would begin working with Hezbollah to achieve the goal of dismantling the group.The ceasefire follows an intense week of diplomacy, including direct talks between Lebanese and Israeli envoys in Washington, DC, hosted by US Secretary of State Marco Rubio. Trump said he would invite Netanyahu and Aoun to direct talks, believing "that will happen quickly".

Pakistan’s Foreign Ministry confirmed on Thursday that the United States and Iran are still negotiating a second round of talks—held through Islamabad—to end their nearly seven‑week conflict, even though no date has been fixed for the meeting.The ceasefire, brokered by Pakistan on April 8, is set to expire on April 22, and officials warn it is under increasing strain as a U.S. naval blockade continues to turn away Iranian‑linked vessels in the Strait of Hormuz.Prime Minister Shehbaz Sharif is conducting a regional tour that began in Jeddah, moved to Doha, and will continue to Antalya, where he will attend the Antalya Diplomacy Forum on April 17 alongside Saudi, Turkish and possibly Egyptian counterparts.Simultaneously, Chief of Defence Forces Asim Munir arrived in Tehran with a delegation that includes Interior Minister Mohsin Naqvi. He was welcomed by Iranian Foreign Minister Abbas Araghchi, who praised Pakistan’s “gracious hosting of dialogue.”Foreign Ministry spokesperson Tahir Andrabi emphasized that the details of the upcoming talks remain confidential and that Pakistan’s role is to keep the process alive, stating, “We have the details and information of the talks entrusted to us by the negotiating parties.”Analyst Muhammad Faisal described Islamabad’s approach as a dual‑track strategy: Sharif is building a broader Gulf coalition, while Munir is engaged in hard negotiations aimed at narrowing gaps between Washington and Tehran and extending the ceasefire.Iran has insisted that any agreement must include Lebanon, citing the ongoing Israeli strikes that have killed over 2,000 people and displaced 1.2 million. The United States, however, maintains that a Lebanon settlement must remain separate from the US‑Iran talks.U.S. Secretary of State Marco Rubio recently mediated a trilateral meeting in Washington with Israeli and Lebanese ambassadors, but no ceasefire or follow‑up was secured.Both sides appear cautiously optimistic. White House press secretary Karoline Leavitt said further talks are “very likely” to take place in Islamabad, while Iran’s spokesperson Esmaeil Baghaei noted multiple messages exchanged with Washington since April 12.President Donald Trump indicated that talks could resume within two days and expressed a greater willingness to travel to Pakistan for negotiations.Strategic analysts warn that the Strait of Hormuz blockage—which restricts roughly one‑fifth of global oil shipments—remains a pivotal issue. Opening the waterway is seen as essential to easing upward pressure on oil prices and restoring confidence in global markets.Should the second round of talks fail, Pakistan’s role may shift from mediator to crisis manager, focusing again on brokering a ceasefire if hostilities resume.

London, 17 April 2026 – The International Monetary Fund (IMF) has advised the Bank of England (BoE) to keep its policy rate at 3.75% for the remainder of the year, warning that the ongoing Iran war is fuelling inflation and could shave 0.5 % off euro‑area growth.Alfred Kammer, director of the IMF’s European Department, told reporters in Washington that the BoE should maintain “a restrictive monetary policy stance” and keep the rate unchanged, stating: “That means keeping the policy rate unchanged for the remainder of the year, i.e., not proceeding with the expected cuts.”BoE Governor Andrew Bailey echoed a cautious tone, saying the bank would not “rush to judgments” on how to respond to an inflation shock driven by higher energy prices – a shock the central bank cannot directly offset with rate moves. Money markets are already pricing in at least one quarter‑point rate rise later in 2026, despite the current hold.The IMF also signalled a similar stance for the European Central Bank, urging a “neutral monetary policy stance” that would involve two quarter‑point hikes in 2026, with the possibility of reversal in 2027 if conditions improve.These monetary‑policy warnings come as the live‑blog highlighted broader economic stress: Chicago wheat futures have surged 4.5 % this week, the biggest weekly jump since February, driven by dry weather in the U.S. Plains and the Iran war’s impact on fertilizer and diesel costs. Humanitarian group Mercy Corps warned that fuel, fertilizer and shipping disruptions are already locking in food‑insecurity risks for fragile economies in Somalia, Ethiopia and Pakistan.Analysts note that the IMF’s advice underscores the delicate balance the BoE faces between curbing inflation and avoiding a premature rate cut that could undermine credibility. With inflationary pressures from energy and food still elevated, a hold‑and‑monitor approach may preserve policy flexibility, but markets will watch closely for any shift toward tightening if inflation proves stickier than anticipated.

Pakistan's Field Marshal Asim Munir has taken on an unexpected role as a peacemaker in the conflict between the US and Iran. His efforts have been widely praised, with US President Donald Trump describing them as 'fantastic'. Munir's involvement in the peace talks began after the US vice-president, JD Vance, left Islamabad following failed negotiations between the US and Iran. Despite this, Munir continued to engage with both sides, using his influence to push for a deal. Munir's phone calls played a crucial role in the frantic international efforts last week, resulting in a last-minute ceasefire agreement after Trump's threat that Iran's civilisation would 'die' if they did not agree to a deal. Trump is said to have directly leaned on Munir to use his influence and knowledge of the Iranians to help reach the off-ramp. Munir's ability to communicate with both the US and Iran has been key to his success. He has built strong relationships with leaders in Washington, Riyadh, and Tehran, and has been able to facilitate talks between the two nations. Munir's efforts have not only helped to reduce tensions between the US and Iran but have also elevated Pakistan's position as a credible diplomatic interlocutor. His role in the peace talks has been seen as a significant achievement for Pakistan, which has long sought to play a more prominent role in regional diplomacy. Analysts have noted that Munir's success is not solely due to his individual efforts, but also the result of a collective effort by the Pakistani government and military. However, his role in the peace talks has been widely acknowledged, and he is seen as a key player in maintaining peace in the Gulf and the Middle East. Munir's diplomatic activism has been driven by his strong relationships with leaders and countries, as well as his understanding of the importance of personality-driven diplomacy. His efforts have helped to build a global story for Pakistan, and have cemented his position as a major player in regional diplomacy.

British financial institutions are set to receive Anthropic’s latest AI model, Mythos, within the coming week, despite the company’s own assessment that the technology poses a significant security risk.Anthropic, the creator of the Claude suite, has so far limited Mythos to a handful of U.S. tech giants such as Amazon, Apple and Microsoft. The firm now plans to extend the rollout to major UK banks, a move announced by Pip White, head of Anthropic’s UK, Ireland and Northern Europe operations, during a Bloomberg Television interview.The concern stems from Mythos’s ability to identify and exploit software flaws at a level that rivals the most skilled human hackers. In a recent blog post, Anthropic warned that such capabilities could trigger severe repercussions for economies, public safety and national security if misused.Finance ministers, senior executives and regulators convened in Washington for the IMF and World Bank spring meetings to discuss these emerging threats. Canadian Finance Minister François‑Philippe Champagne emphasized the need for vigilance, describing the AI risk as an “unknown unknown” that demands robust safeguards to protect the resilience of the financial system.Bank of England Governor Andrew Bailey, who also chairs the Financial Stability Board, described the situation as a “very serious challenge” and highlighted the dilemma regulators face in timing the introduction of rules: acting too early could stifle innovation, while delaying could allow risks to spiral out of control.European Central Bank President Christine Lagarde echoed these concerns, noting that while Anthropic’s initiative reflects responsible innovation, the absence of a clear governance framework leaves the technology vulnerable to misuse. She called for the development of comprehensive standards to guide safe deployment.As UK banks prepare to integrate Mythos into their operations, the financial sector stands at a crossroads between harnessing AI’s economic benefits and averting potential cyber‑security crises.

David Miliband, former British foreign secretary and head of the International Rescue Committee (IRC), has warned that cuts to overseas aid by countries such as the US and UK will worsen global economic instability and humanitarian crises. Speaking at the International Monetary Fund and World Bank meetings in Washington, Miliband emphasized that the current global landscape is more interconnected than ever, and untended humanitarian crises can incubate political instability.Miliband expressed regret over the UK's decision to slash its aid budget under Keir Starmer's government, citing that supporting the world's poorest is morally justifiable and a 'good investment for Britain'. He also criticized the US under Donald Trump for 'abandoning' its aid program, which he believes will have far-reaching consequences for global stability.The Middle East conflict, particularly the Iran war, is expected to increase global poverty and displace millions of people. Miliband highlighted that 32.5 million people globally could be plunged into poverty due to the economic fallout from the conflict, with developing countries being hit the hardest. The closure of the Strait of Hormuz has led to soaring global energy and fertilizer prices, posing a 'food security timebomb' that could cause widespread hunger.Western governments, including the US, Germany, France, and the UK, are cutting their aid spending amid elevated borrowing and debt levels. According to the Organisation for Economic Co-operation and Development, rich countries cut aid spending by $174.3 billion in 2025, a decline of almost a quarter from 2024. Miliband argued that now is a critical time for international support, as the evidence shows that aid has a positive impact on reducing poverty.

The conflict in Lebanon has seen a significant escalation in recent days, with Israel conducting devastating airstrikes aimed at wiping out the Iranian-backed Hezbollah militia. The violence has resulted in numerous casualties and widespread destruction. President Trump announced the 10-day ceasefire on Thursday, stating that it would take effect at midnight. He expressed hope that Hezbollah would act 'nicely and well' during this period, tweeting: 'I hope Hezbollah acts nicely and well during this important period of time. It will be a GREAT moment for them if they do. No more killing. Must finally have PEACE!' The ceasefire is seen as a crucial step towards de-escalating tensions in the region and potentially paving the way for a parallel peace agreement between the US and Iran. A meeting between Israeli and Lebanese leaders is scheduled to take place in Washington next Tuesday, marking the first Israeli-Lebanese summit in decades. The Israeli occupation is likely to be a key topic of discussion during the talks, with Trump indicating that he would visit Lebanon 'at the right time.' The US president has been involved in intense diplomatic efforts to broker a peace deal, with his administration urging other countries to join a 'trade over aid' push.

UK Prime Minister Keir Starmer is facing renewed criticism over the appointment of Peter Mandelson as ambassador to Washington, following reports that Mandelson failed security vetting due to his ties to late sex offender Jeffrey Epstein.A government spokesperson denied that Starmer had any knowledge of the Foreign Office overriding the security recommendation regarding Mandelson, who was sacked in September after less than a year in the role over his links to Epstein.The controversy deepened after UK newspaper The Guardian reported that Mandelson had initially been denied clearance in late January 2025 after a 'highly confidential background check by security officials', but that Starmer had already announced the appointment.Opposition leaders accused Starmer of misleading Parliament and called for his resignation, with Kemi Badenoch, leader of the UK Conservative Party, saying Starmer had wrongly said Mandelson cleared the vetting.The scandal over Mandelson's relationship with Epstein has already forced the resignation of two senior government officials and led to police opening an investigation into allegations of misconduct in office by Mandelson.

President Donald Trump's ambitious plan to erect a colossal arch in Washington, DC, has cleared a significant hurdle with the US Commission of Fine Arts giving its approval to the proposed design. The arch, which would stand at 76 meters (250 feet) high, is intended to be built on Memorial Circle, between the Arlington National Cemetery and the Lincoln Memorial. The commission's approval is a crucial step forward for the project, which has faced criticism and legal challenges. The arch would be significantly larger than the Lincoln Memorial, which stands at 99 feet (30 meters) tall, and approximately twice as tall as the famous Arc de Triomphe in Paris, which the design resembles. The proposed monument, dubbed the 'Triumphal Arch,' would feature the phrases 'One Nation Under God' and 'Liberty and Justice for All' in gold lettering atop either side. However, the design has faced opposition, with about three out of every four people who delivered public comments expressing opposition, many citing its enormous size. Criticism has also centered on the potential impact on views of the national cemetery, a resting place for war veterans. Public Citizen Litigation Group is representing some Vietnam War veterans in a lawsuit against the proposed construction, arguing that it needs congressional approval. Even within the Commission of Fine Arts, there was some dissent. James McCrery II, the vice chair, suggested modifications to the design, including removing the winged statue and eagles on top and the lions at its base, citing that African animals are 'not a beast natural to the North American continent.' The project is part of Trump's efforts to leave his mark on the physical landscape of Washington, DC. The commission still needs to vote on final approval for the proposal after reviewing updated designs. If given final approval, the arch would tower above other landmarks in the national capital.