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French giants OL Lyonnes have booked their place in the Women's Champions League semi-finals, where they will face Arsenal. This comes after a convincing 4-0 win over Wolfsburg in extra time, securing a 4-1 aggregate victory. The result ensures a repeat of last season's semi-final, which Arsenal won 5-3 on aggregate. OL Lyonnes, the record eight-time European champions, will enter the match with confidence after their impressive display against Wolfsburg. Despite Wolfsburg holding a 1-0 lead from the first leg, OL Lyonnes fought back with Lily Yohannes's early deflected strike drawing the teams level. The French side dominated the game, forcing 19 corners, but had to wait until the 102nd minute for Melchie Dumornay to score the decisive goal. Damaris Egurrola's header and Tabitha Chawinga's late finish further solidified OL Lyonnes's control over the game, reflecting the 4-0 victory on the night. In another match, Barcelona thrashed Real Madrid 12-2 on aggregate, showcasing their strong form ahead of the semi-finals. They will face Bayern Munich, who eliminated Manchester United, in the next round. The first legs of the semi-finals are scheduled between April 24 and 26, with the second legs taking place between May 1 and 3. The final will be held in Oslo on May 23.

It's been 12 months since Donald Trump's 'liberation day' on April 2, 2025, when the US president introduced tariffs on nearly every country the US did business with. The move sent shockwaves through the global economy, causing chaos in Washington and beyond. Experts say that if Trump had spent the last 14 months on the golf course instead of in the White House, the US economy would be in a better place. The wholesale slashing of government jobs and defunding of US aid agencies had already signaled that Trump was in a hurry to upset institutions he considered profligate or useless. Investors quickly understood that chaos was an essential tool in Trump's armoury. Almost as soon as he was inaugurated, there was a steady decline in the value of the dollar against other currencies. Investors sold assets denominated in dollars and bought assets elsewhere: Europe, Asia, South America. Dario Perkins, the head of global research at the consultancy TS Lombard, said: 'If you think that discouraging investors from buying assets in the US is a victory, then you don’t believe in a growing economy.' He added that Trump's policies had led to a decline in US manufacturing jobs and a growing trade deficit. The data supports Perkins' claims. US companies stopped hiring almost as soon as liberation day was announced. Significant revisions in February to data covering 2025 pushed payroll employment down by 403,000 jobs, resulting in the addition of just 181,000 jobs last year. This small boost is set against the 163 million people who are employed in the US. Russ Mould, the investment director of the British stockbroker AJ Bell, said: 'America is still home to the world’s largest economy and its reserve currency, as well as the globe’s largest equity and bond markets, but investors continue to reassess their exposure one year on from liberation day.' The next few months of steadily increasing confidence levels followed probably the calmest period in the second Trump presidency. But sentiment began to fall again in the autumn as the White House battled with Congress over the federal budget deficit and much of the public sector was shut down. A poll by the University of Michigan showed consumer confidence at a near record low at the end of 2025. A six-month moving average produced by the Conference Board showed every generation, from baby boomers to gen Xers, had lost confidence in the economy over the past year. Trump’s liberation day executive order stated: 'The decline of US manufacturing capacity threatens the US economy in other ways, including through the loss of manufacturing jobs.' However, the US manufacturing sector shed 100,000 jobs between January 2025 and March 2026. The ratio of manufacturing workers to total nonfarm employment fell to the lowest point since 1939. Bryan Riley, the director of the National Taxpayers Union Foundation’s free trade initiative, said: 'One year after liberation day, the evidence is in. Tariffs failed even by the Trump administration’s own terms. They did not shrink the trade deficit, did not revitalise manufacturing and did not help farmers. It would be a mistake to replace one set of failed tariffs with another.' Some major US companies have redirected their investments to Europe, but China has proved to be one of the main beneficiaries. In the year to February 2026, China’s industrial profits increased by 15.2%. It's a boom that Beijing will struggle to repeat should Chinese companies face fuel and energy shortages and price hikes. But the decline of two major powers can only be to China’s gain.

Blue Owl Capital, a leading private credit investment firm, has imposed a cap on withdrawals after investors attempted to redeem $5.4bn from two of its key funds. This move comes as a sign of dwindling confidence in the unregulated lending market.The New York-based firm revealed in filings that investors sought to withdraw 21.9% of the $20bn Credit Income Corp fund and 40.7% of its $3bn tech lending fund between January and March.The surge in redemption requests is attributed to growing concerns over potentially risky loans arranged by private credit firms, which operate outside the traditional regulated banking system. These firms are seen as particularly exposed to the AI spending boom.To manage the outflow, Blue Owl will limit withdrawals to 5% of the value of each fund per quarter. The firm stated that this decision was made to balance the interests of both withdrawing and remaining shareholders.Despite the increase in withdrawal requests, Blue Owl emphasized that underlying credit fundamentals across its portfolio have remained resilient. The firm attributed the surge in withdrawals to a period of heightened negative sentiment toward the asset class.The private credit industry has faced growing scrutiny over potentially weak lending standards, following a series of company failures, including Tricolor and First Brands. Regulators and industry experts have warned of potential ripple effects that could impact high street banks.The Bank of England's governor, Andrew Bailey, has cautioned against dismissing recent private credit failures as isolated incidents, citing concerns over transparency and potential risks across the sector.

President Donald Trump has been privately discussing the possibility of replacing Tulsi Gabbard as Director of National Intelligence, according to two people briefed on the conversations. This development comes after Gabbard's testimony at a Congressional hearing where she declined to condemn Joe Kent, a former deputy who argued that Iran did not pose an imminent threat to the United States.Trump's frustration with Gabbard reportedly stems from her perceived defense of Kent and her reluctance to support the administration's position on attacking Iran. The President tends to poll his advisers when considering personnel changes, which suggests that Gabbard's position may be precarious.Despite this, Trump offered a mixed endorsement of Gabbard on Sunday, stating, "Yeah, sure... I mean, she's a little bit different in her thought process than me, but that doesn't make somebody not available to serve."The White House has defended Gabbard, with spokesperson Steven Cheung stating, "As President Trump just said in his remarks, he has confidence in Director Gabbard and the tireless work she is doing."Gabbard has faced challenges in her role, including criticism for revoking the security clearances of 37 people, including congressional aides, without consulting the White House. Her tenure has been marked by both support and controversy, particularly regarding her stance on Iran and her criticism of US involvement in foreign wars.

A writer decided to hand over his dating life to AI for six weeks, using it to write his dating profile and generate conversation prompts. He matched with a woman, A, who was fine with his experiment, and they arranged a daytime cinema trip. The AI advised him to wear a turtleneck, dark jeans, and boots or minimal trainers, and helped him craft messages, including "Morning! Still on for Marty Supreme? Are you more of a trailers-lover or a trailers-hater?". However, A ignored the question and simply confirmed she was coming. During the date, the writer used AI-generated lines, such as "That hair has pure A24 energy", which A found confusing. The AI also suggested complimenting her hair, which he did, but A seemed unimpressed. As the date progressed, A began to notice that the writer's messages sounded "emotionally intelligent, yet something's off about them". She eventually discovered that he was using AI to generate his lines and told him that if someone had sent those messages without her knowing about the experiment, she wouldn't have come on the date. The writer concluded that "AI is great at choosing date ideas. Relying on it for conversation, though, comes at a price of not trusting yourself – your own curiosity, ability to listen, and what you have to offer". He realized that the artificial confidence of AI-generated lines can make them worse than someone who is honestly nervous.

In the early hours of April 1, 2026, residents living close to Erbil International Airport reported a noticeable disturbance and subsequently inspected the site of a drone‑related impact. The incident left visible damage to airport infrastructure and surrounding property, prompting community members to document the aftermath. While official details remain limited, the presence of debris and scorch marks suggests a low‑altitude drone strike that reached the airport perimeter. Local authorities have yet to release a comprehensive statement, but the event underscores heightened concerns over aerial security in the Kurdistan region of Iraq. Security analysts note that such incidents can have broader implications for regional stability and air travel confidence. The immediate response by civilians—inspecting and reporting damage—reflects a growing public awareness of the potential risks associated with unmanned aerial systems in densely populated areas. Further investigations are expected to determine the source of the drone, the extent of the damage, and any necessary measures to reinforce airport defenses.

Chelsea and Arsenal are set to face off in the Women's Champions League quarter-final second leg. Chelsea is facing a two-goal deficit but has a strong attacking lineup led by Sonia Bompastor. They have been unbeaten in five league games and recently scored four goals against Aston Villa.The Arsenal defense has been solid, conceding only 12 goals in 17 Women's Super League games. Additionally, Alessia Russo's recent hat-trick will boost her confidence against Chelsea, who conceded three goals against Aston Villa on Sunday.The starting lineups for both teams have been announced:Chelsea: Hampton, Carpenter, Buurman, Nusken, Cuthbert, James, Thompson, Kerr, Bronze, Buchanan, WalshSubs: Peng, Spencer, Charles, Girma, Sarwie, Baltimore, Kaptein, PotterArsenal: Van Domselaar, Fox, Wubben-Moy, Catley, McCabe, Mariona, Little, Russo, Smith, Foord, BlacksteniusSubs: Borbe, Votikova, Codina, Hinds, Holmberg, Pelova, Maanum, Mead, KellyThe match kicks off at 8pm BST.

Chelsea Football Club has reported a staggering £262.4m pre-tax loss for the 2024-25 season, shattering the previous English football record held by Manchester City. The substantial loss is primarily attributed to increased operating costs compared to the previous season. The club's financial report reveals a significant downturn from the £128.4m profit recorded in the 2023-24 season, which was largely bolstered by the sale of Chelsea's women's team for nearly £200m. In contrast, Chelsea's latest financial statements reflect a challenging period for the club. According to a UEFA report, Chelsea's losses for the 2024-25 season were even higher, estimated at €407m (£355m). However, club sources indicate that these figures are influenced by differing reporting requirements in European football. In addition to the financial loss, Chelsea disclosed that they had spent £65.1m on agents' fees, the highest in the Premier League, with Aston Villa being the next biggest spenders at £38.4m. The total spend on agents' fees across English top-flight clubs rose by 13% to £460.3m. Despite the record loss, Chelsea assured compliance with the Premier League's profitability and sustainability rules (PSR), which permit maximum losses of £105m over three years, with certain expenditures like infrastructure and youth development being 'added back.' Chelsea reported revenue of £490.9m, the second-highest on record for the club, including earnings from their participation in the Club World Cup. The club is forecasting revenue of over £700m for the 2025-26 season. Sources close to Chelsea express confidence in their financial structuring and anticipate compliance with all regulatory requirements, including UEFA's football earnings rule, following a €20m fine for previous breaches.

Berkeley, one of Britain’s largest housebuilders, said it will cease buying new land and impose a hiring freeze as it confronts the impact of the Iran war and broader geopolitical volatility on the UK property market.The FTSE 100 company warned that a reduced likelihood of further interest‑rate cuts and soaring regulatory costs could weigh heavily on its business, prompting cost‑cutting measures that also include using fewer subcontractors.In a significant outlook revision, Berkeley now expects to generate more than £1.4 billion in pre‑tax profit between 2027 and 2030, a stark increase from the roughly £450 million it had forecast for the current year and 2027.Market reaction was swift: the company’s shares plunged up to 18 % on Wednesday morning, later recovering to sit about 13 % lower, making Berkeley the worst performer on the FTSE 100 that day.Berkeley’s statement noted that early‑2026 sales showed modest recovery, but “recent geopolitical events and the macro‑economic consequences, including reduced potential for further rate cuts, could reduce confidence in a near‑term market recovery.”The firm cited “unprecedented” increases in costs and regulation, alongside weak buyer demand, as reasons for halting land purchases, arguing it can no longer achieve a sufficient rate of return on new sites due to a continuous rise in tax and regulatory burdens.These challenges arrive as the UK government pushes to meet ambitious new‑home building targets, while the sector grapples with higher taxation, new building‑safety rules, and longer planning timelines—Berkeley estimates approvals now take about 12 months longer than before.The ongoing war in Iran has amplified inflation fears, lifted mortgage rates above 5 % and heightened mortgage‑cost pressures for consumers, according to Moneyfacts data.Competitors such as Barratt, Redrow and Persimmon have also suffered, each losing more than 20 % of their market value, underscoring the broader stress across the housing‑construction industry.Berkeley, headquartered in Surrey, employs over 2,500 people and focuses on brownfield regeneration projects. It holds land sufficient for 50,000 homes with an additional pipeline for 10,000 homes in London and the south‑east, but will slow construction on existing sites to match market demand and regulator approvals.