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Analysts warn that the world is confronting the most severe energy shock since the 1970s, a looming global recession and a renewed surge in living‑cost pressures that are hitting the most vulnerable households hardest.Against a backdrop of sweltering Washington heat, the atmosphere at the International Monetary Fund’s spring meetings shifted dramatically as delegates confronted the fallout from the Iran war. The usual optimism about rising living standards was replaced by a palpable sense of unease.IMF Managing Director Kristalina Georgieva addressed finance ministers and central‑bank governors, noting that “some countries are in panic” and urging that “the sooner it ends, the better for everybody.”Such gatherings are rarely venues for open geopolitical confrontation. Yet, as a record‑breaking April heatwave baked the capital, the mounting economic damage from the conflict could no longer be ignored.During a G20 breakfast that included U.S. Treasury Secretary Scott Bessent and outgoing Fed Chair Jerome Powell, participants described the mood as somber, with frank discussions about the war’s ramifications.Former IMF deputy managing director Mohamed El‑Erian likened the session to a “twilight‑zone meeting,” identifying three looming shadows: the overall health of the global economy, the disproportionate impact on lesser‑discussed nations, and the paradox that the United States, as the war’s initiator, would suffer comparatively less.British Chancellor Rachel Reeves started her day with a jog alongside counterparts from Spain, Australia and New Zealand on the National Mall, posting an Instagram selfie captioned, “Friends that run together – work together.” The image underscored her resolve to confront the war’s economic fallout.Reeves had earlier condemned the conflict as a “mistake” and “folly,” arguing that the war had not enhanced global security and was driving up energy prices for UK families and businesses.In a one‑on‑one with Bessent near the White House, Reeves emphasized the urgency of the situation, noting that the UK, like many other nations, was feeling the pain of higher energy costs triggered by the conflict.Despite the tension, the UK and the United States continue to share deep interests in artificial intelligence, financial services and trade, though the British government signalled little tolerance for the Iranian regime.The IMF’s own warning that the war could precipitate a global recession singled out the United Kingdom as the “biggest G7 casualty,” highlighting the stakes for British growth forecasts.Observers noted Reeves’s vocal stance, recalling earlier disagreements between Bessent and European Central Bank President Christine Lagarde that had remained behind closed doors.A cocktail reception at the British ambassador’s residence brought together senior diplomats and financiers—including Bank of England Governor Andrew Bailey and Barclays CEO CS Venkatakrishnan—where transatlantic friction was a hot topic, just weeks before King Charles’s state visit to the United States.Meanwhile, revelations about former ambassador Peter Mandelson’s vetting process added another layer of political strain for the UK government.Before the war, the IMF agenda focused on global cooperation, AI adoption, job creation and poverty eradication. The conflict has now complicated each of these priorities, especially the goal of coordinated international action.Former UK Foreign Secretary David Miliband observed that many nations are now “hedging against American decisions,” acknowledging the United States’ outsized role—about 25% of the global economy—while noting its recent retreat from several forums.The irony was not lost on participants: the meetings were held in institutions born out of U.S. leadership after World War II to prevent the economic chaos of the 1930s, yet they now convene amid a war that threatens similar turmoil.Economists also recognized that real policy leverage sits “two blocks away,” behind the security cordons surrounding the White House, casting doubt on the ability of the IMF and World Bank to influence the conflict directly.Amid the uncertainty, the rapid growth of AI—exemplified by Anthropic’s Mythos model—offers a glimmer of economic resilience, but most countries cannot afford to sever ties with the United States entirely.El‑Erian summed up the dilemma: “People want to go long the private sector and short the mess, but it’s almost impossible to do.”

Marie-Louise Eta is set to make history on Saturday as the first female head coach of a men's team in the German football league. She will lead Union Berlin against FC Wolfsburg in the Bundesliga, a milestone moment that experts believe should serve as the beginning of long-overdue recognition for women's leadership skills and abilities in a male-dominated sport.Eta's appointment has garnered significant attention, with many hailing it as a breakthrough for women's roles in men's football. However, Eta herself wants the focus to shift away from her unique achievement and onto the game. 'I'm looking forward to the match starting and when it's finally about football,' she said in her first pre-match news conference as head coach.Eta's achievement is seen as a watershed moment, but experts stress that it should not be an exception. 'I think the turning point will come when this is not the exception, it's just accepted,' football expert Yvonne Harrison told Al Jazeera. Harrison, CEO of Women in Football, emphasized the need for a system to help build a conducive environment for women's progress in professional football.The underrepresentation of women in football, particularly in technical roles, remains a significant issue. While women like Stephanie Frappart, Salima Mukasanga, and Yoshimi Yamashita have refereed men's games, they are often relegated to administrative roles at the top level. Harrison believes that men have a responsibility to help create inclusive environments and that a good coach is a good coach regardless of gender.Eta, who has already committed to taking over Union Berlin's women's Bundesliga team, will be under tight scrutiny as Union plays their remaining five games of the season. With her experience as a player and coach, including winning the Champions League in 2010, Eta aims to bring success to the team and pave the way for more women in men's football.

UK Prime Minister Keir Starmer has rejected calls to quit amid mounting pressure over the Peter Mandelson vetting scandal. Starmer expressed his fury at not being informed that Mandelson had failed his security vetting before being appointed as the UK's envoy to Washington.The controversy centers around the Foreign Office's decision to overrule the recommendation of security officials not to give Mandelson the job. Mandelson was subsequently appointed in December 2024 and took up the post in February 2025, only to be sacked seven months later due to his ties to the late sex offender Jeffrey Epstein.Starmer maintained that he was kept in the dark about the vetting outcome, describing the Foreign Office's failure to inform him as 'staggering' and 'unforgivable'. He has pledged to provide 'true transparency' to Parliament on Monday. The beleaguered prime minister said he only found out about the botched process on Tuesday, just before the revelations were published.Opposition Conservative Party leader Kemi Badenoch questioned Starmer's claims of ignorance, calling them 'completely preposterous'. She demanded his resignation, stating that 'all roads lead to a resignation'. The scandal has raised serious questions about Starmer's leadership and the UK government's handling of sensitive appointments.

The International Monetary Fund (IMF) and the World Bank have announced the resumption of ties with Venezuela under the country's interim leader, Delcy Rodriguez. This move comes after a period of severed relations that began in 2019 due to international disputes over the legitimacy of Venezuela's leadership. The IMF and World Bank had cut ties with Caracas in 2019 amid a split in the international community over whether to support Nicolas Maduro or Juan Guaido as the country's rightful leader following disputed presidential elections. IMF Managing Director Kristalina Georgieva stated that the institution had resumed dealings with Venezuela under Rodriguez's administration, guided by the views of its members. This step is expected to ultimately benefit the Venezuelan people. The World Bank followed suit, announcing that it would re-engage with Venezuela based on the outcome of the IMF's decision-making process. The bank had last made a loan to Caracas in 2005. These announcements come several weeks after the United States President's administration lifted sanctions on Rodriguez, further conferring legitimacy on her leadership. Rodriguez welcomed the announcements, calling it a significant achievement for Venezuelan diplomacy. Venezuela has one of the highest debt burdens in the world, with total external liabilities estimated at more than $150bn. The resumption of ties with the IMF and World Bank clears the way for Venezuela to request financial assistance if necessary to shore up its finances. In 2020, the IMF had rejected Venezuela's request for an emergency loan of $5bn to help fund its response to the COVID-19 pandemic, citing the lack of international consensus on Maduro's legitimacy. Venezuela has been a member of the IMF and World Bank since 1946.

Israel's increasing international isolation has led to a growing rift with European countries, who are frustrated by its actions in Gaza, Lebanon, and Iran. Despite longstanding ties, European governments are finding it difficult to ignore public opinion, which has shifted against Israel. European countries, including Italy, the UK, Ireland, and Spain, have criticized Israel's actions, with some calling for a halt to its attacks on Lebanon and Iran. Analysts warn that the conflict threatens to tip the world into recession. Israeli Prime Minister Benjamin Netanyahu has responded to criticism by claiming Israel is a defender of Western values, stating that Europe has become 'afflicted by deep moral weakness'. He argued that Europe is 'losing control of its identity, of its values, of its responsibility to defend civilisation against barbarism'. Netanyahu's comments have been met with skepticism, with many pointing out that Israel's actions in Gaza and the occupied West Bank are at odds with its pretence of being a liberal democracy. Israeli academic and filmmaker Haim Bresheeth said that Israel's actions are 'not the sort of thing liberal democracies do'. The rift between Israel and Europe is expected to continue, with little chance of self-reflection or internal reckoning among Israel's political leadership. As Chatham House senior consulting fellow Yossi Mekelberg said, 'There's a sense that, if they don't like us, then we must be doing something right'.

Cole Palmer, Chelsea's No 10, has expressed his commitment to the club amid speculation about a potential move to Manchester United. In an interview, Palmer emphasized that he has no plans to leave Chelsea and is focused on helping the team succeed.Palmer reflected on his contrast between shy conversational style and impactful performances on the pitch, where he has become known for his skill and 'Ice Cold' celebration. He discussed his injury struggles this season, which have limited his playing time, but expressed confidence in his recovery and ambitions for the World Cup.Palmer, who has recently captained Chelsea in an FA Cup match, discussed his leadership role within the team and his contract extension until 2033. He also touched on Chelsea's summer transfer plans and the need for more experienced players to complement the team's youthful core.Despite transfer speculation linking him to Manchester United, Palmer reiterated his commitment to Chelsea and his desire to compete for major trophies with the club. He also discussed his experiences with England and his hopes for the World Cup.

Aston Villa and Nottingham Forest are on the edge of achieving European glory, with both teams progressing to the semi-finals of their respective tournaments. Villa's Unai Emery is close to securing his fifth title, while Forest's journey has been marked by managerial changes.Nottingham Forest's quest to emulate Tottenham's model continues, with their quarter-final victory against Porto keeping their hopes alive. The team's managerial merry-go-round, involving Ange Postecoglou, Sean Dyche, and Vítor Pereira, has been a notable aspect of their campaign.In contrast, Aston Villa has been consistent under Unai Emery's leadership, turning a two-goal advantage from the first leg against Bologna into a 7-1 aggregate win. This sets up an all-English European semi-final, a rare occurrence since 2009.The two teams will face off in a highly anticipated match, with Forest looking to cut their manager's medal into quarters if they go all the way. Meanwhile, Oliver Glasner's Crystal Palace has exited the competition but will look to Shakhtar Donetsk in the semi-finals.The article also highlights the Iranian women's football team's struggle for asylum and their gratitude for being granted the opportunity to build new lives. Additionally, it features reader letters on various football-related topics.

In a rare display of bipartisan cooperation, lawmakers across the US Congress are demanding greater accountability for sexual misconduct. This week, two US representatives, Eric Swalwell and Tony Gonzales, resigned amid a flood of allegations. Their departures have been hailed as a significant step towards addressing the issue.Representatives Alexandria Ocasio-Cortez, a Democrat, and Lauren Boebert, a Republican, have been at the forefront of the calls for accountability. Ocasio-Cortez described the resignations as “an important turning point” and emphasized that “abuse of power should never be accepted, especially in public office”. She also named Republican Cory Mills, who is under investigation for sexual misconduct, as the next lawmaker who should resign.Boebert has taken steps to strip Swalwell and Gonzales of their federal pensions and has urged those facing harassment in Congress to come forward. She said, “If your boss is mistreating you, or someone else in the office, tell somebody – come to my office. If you want to remain anonymous, remain anonymous”.The allegations against Swalwell and Gonzales are serious. Five women have publicly accused Swalwell of sexual abuse, with one accuser claiming he drugged and raped her in 2018. Gonzales admitted to having an affair with a staff member in 2024, which is prohibited by the House code of conduct.Lawmakers are now pushing for stricter rules and a safer environment for reporting misconduct. Representative Jackie Speier condemned the tendency for Congress to “basically look the other way” and called on leadership to take action.This movement towards accountability has been likened to the bipartisan push to compel the administration of US President Donald Trump to release investigative documents related to Jeffrey Epstein. The effort to hold lawmakers accountable for their actions marks a significant shift in the culture of Congress.

The U.S. House of Representatives voted to prolong Temporary Protected Status (TPS) for an estimated 350,000 Haitian nationals residing in the United States, marking a clear departure from President Donald Trump’s immigration agenda. In a tightly contested vote, the measure passed 224 to 204, with ten Republicans breaking ranks to join the Democratic majority. The legislation would keep TPS in place for an additional three years, citing the persistent violence and political instability that continue to plague Haiti. Following House approval, the bill proceeds to the Senate, where its fate remains uncertain. Should it clear that chamber, Trump has signaled he would veto the extension, setting up a direct showdown between the executive branch and a bipartisan Congress. Democratic Representative Ayanna Pressley, co‑chair of the House Haiti Caucus, hailed the vote as “a monumental victory” and emphasized that the decision reflects both practical policy and humanitarian responsibility. The legislation advanced through a bipartisan discharge petition, a procedural tool that circumvents the Republican leadership’s control of the House agenda, underscoring the urgency lawmakers feel about protecting Haitian residents. President Trump and his administration have repeatedly sought to roll back TPS designations, arguing that prior extensions exceeded executive authority and conflicted with U.S. “national interests.” This stance is part of a broader effort to tighten immigration controls, including proposals to deport Haitian legal permanent residents alleged to have gang ties. TPS, by design, shields foreign nationals already in the U.S. from removal when their home countries face temporary crises such as natural disasters or armed conflict, while also granting limited work authorization. Haiti’s deteriorating security situation—exacerbated since the 2021 assassination of President Jovenel Moïse—has seen powerful gangs dominate large swaths of Port‑au‑Prince, prompting the State Department to issue travel warnings for U.S. citizens. Advocacy groups warn that the looming threat of deportation adds severe stress to Haitian communities in the United States, urging Congress to act swiftly to prevent further trauma. Meanwhile, the Supreme Court is slated to hear a case that could accelerate the administration’s push to rescind deportation protections for both Haitians and Syrians, adding another layer of legal uncertainty to the issue.