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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.

The global super-rich may have as much as $3.55 trillion hidden away from tax authorities, according to estimates by Oxfam. This staggering amount is more than 3% of global GDP and is likely to be owned by the richest 0.1% of households.Oxfam's latest analysis reveals that total wealth held offshore has increased significantly to $13.25 trillion in 2023. While the share of secretive holdings hidden from tax authorities has fallen since the introduction of a new system of automatic information exchange between jurisdictions in 2016, Oxfam estimates that a substantial amount remains shielded from tax.The charity's lead on tax, Christian Hallum, emphasized that this isn't just about clever accounting, but about power and impunity. When millionaires and billionaires stash trillions of dollars in offshore tax havens, they place themselves above the obligations that bind the rest of society.Oxfam is part of a global campaign to mobilize calls for a global progressive wealth tax, including through negotiations at the UN on a framework for tax cooperation. The charity is also calling for countries in the global south to be included in the Common Reporting Standard – the system that allows for information exchange between jurisdictions.In the UK, Oxfam is urging Labour to implement a wealth tax, with the Green leader in England and Wales, Zack Polanski, suggesting a tax levied annually at a rate of 1% on assets worth more than £10m, and 2% above £100m. The Green party claims this policy would raise about £15 billion a year.

Irish MEP Barry Andrews toured makeshift shelters in Beirut last month, where displaced families are living on dirty mattresses and blankets and suffering from infections. The conditions, he said, are worse than during Israel’s 2024 incursion, underscoring the human cost of Israel’s retaliatory strikes after Hezbollah fired rockets into Israel.On returning to Dublin, Andrews became one of the first European lawmakers to urge the European Union to revive sanctions against Israel. He argued that the EU must also address state‑backed settler violence in the West Bank, attacks on health workers in Gaza, and Israel’s recent move to reinstate the death penalty for Palestinians convicted of terrorism.The EU’s leverage lies in its association agreement with Israel, a commerce and cooperation accord that underpins a €68 billion (€59 bn) trading relationship and includes cooperation on energy and scientific research. Former EU representative to the Palestinian territories, Sven Kühn von Burgsdorff, says the bloc should suspend this agreement, halt all military aid, and cease trade with illegal settlements, warning that inaction will further damage the EU’s reputation.Andrews described the EU’s reaction to the Iran‑Israel‑Lebanon war as “weak and pathetic,” adding that it effectively gives Israel a “permission slip for endless war crimes.” The European Commission condemned the Knesset’s death‑penalty vote as “very concerning” and a “clear step backwards,” while the Council of Europe called it a “legal anachronism” incompatible with modern human‑rights standards.Human‑rights figures note that in the past four weeks more than 1,240 people have been killed in Lebanon—including at least 124 children—and over 1.1 million have been displaced. In Gaza, the death toll has risen by 673 since the October ceasefire, bringing the total to 72,260 deaths.EU leaders have been divided on how to respond. Former Commission President Ursula von der Leyen proposed unprecedented sanctions last September, citing a “man‑made famine” in Gaza, but the proposal failed to secure a majority in the Council of Ministers, losing momentum after the U.S. announced a cease‑fire plan.Member states also differ: Ireland, Spain and Slovenia champion the Palestinian cause, whereas Germany, Austria and Hungary—led by Viktor Orbán, a close ally of Prime Minister Benjamin Netanyahu—have resisted measures such as sanctions on West Bank settlers.Despite these divisions, a senior EU diplomat warned in mid‑March that the bloc may need to “increase pressure on Israel again,” citing the “highly problematic” situation in Gaza and the West Bank. Another diplomat highlighted the importance of engaging with Israeli civil society, noting an open letter from 600 Israeli security officials urging an end to the Gaza war.In a recent statement, a Commission spokesperson reiterated that diplomatic engagement with Israel continues, describing it as the standard approach when partners “do not see developments eye to eye.” Yet former EU envoy Kühn von Burgsdorff cautioned that the EU cannot appear as a “sidekick” to an “erratic, unreliable” U.S. president or a “warmongering, annexationist” Israeli prime minister, as such a stance would undermine Europe’s global standing.

Israel’s parliament has approved a law that authorises the death penalty solely for Palestinians convicted in West Bank military courts for what the courts define as "terrorism" killings of Israelis. The measure was greeted with celebration by far‑right politicians, yet it has drawn swift rebuke from the United Nations human‑rights chief, who warned it could constitute a war crime, and from a broad coalition of international observers.Israeli rights organisations argue that the law is the latest manifestation of an apartheid‑style legal framework that systematically privileges Jewish citizens while imposing severe penalties on Palestinians. They contend that such legislation entrenches a system of codified discrimination that has evolved since the state’s founding.Under the new rule, military tribunals in the occupied West Bank – which exclusively try Palestinians – will, by default, impose the death sentence on anyone found guilty of an unlawful killing of Israelis classified as terrorism. In contrast, Israeli citizens charged with comparable offences in the same territory are tried in civilian courts, where the death penalty is not applied.Statistics underscore the disparity: conviction rates for Palestinians in military courts hover at an astonishing 99.74%, whereas Israelis tried for crimes committed in the West Bank have a conviction rate of roughly 3% between 2005 and 2024. These figures highlight the stark imbalance in judicial outcomes.Arab‑Israeli lawmaker Aida Touma‑Suleiman of the Hadash party expressed her dismay, leaving the parliamentary chamber after the vote and stating she anticipated “scenes of happiness” from far‑right figures but was “painful” to see the public echo the same sentiment.The law follows a series of statutes that critics say have progressively eroded Palestinian rights, including the 1950 Absentees’ Property Law, the 2003 Citizenship and Entry into Israel Law, and the 2018 Nation‑State Law, which enshrines Jewish supremacy in identity, settlement policy, and constitutional hierarchy while marginalising Arabic.Human‑rights advocate Yair Dvir of B’Tselem described Israel as an “apartheid regime,” noting that a “whole set of laws” differentiate between Jews and Palestinians and that the death‑penalty legislation is less an outlier than a logical extension of existing policies that deny Palestinians the right to life.Analysts argue that the dehumanisation of Palestinians has deepened to the point where capital punishment can be enacted with minimal dissent and even public celebration by parliamentarians.Physician‑rights activist Tirza Leibowitz of Physicians for Human Rights – Israel warned that the law exemplifies a broader pattern of violations, ranging from inhumane prison conditions to a legal system that often refuses to investigate crimes against Palestinians or actively shields abusive practices.She cited the unresolved deaths of more than 100 Palestinians in the West Bank since the October 2023 Gaza conflict, highlighting the case of 17‑year‑old Walid Ahmad, whose death by starvation in custody was ruled “undeterminable” by an Israeli judge, as evidence of the low value placed on Palestinian lives.Leibowitz also pointed to the recent dropping of charges against soldiers accused of sexual abuse at Sde Temain prison, noting that far‑right protesters, including lawmakers, rallied in support of the accused, further normalising systemic abuse.Touma‑Suleiman linked the new law to the 2018 Nation‑State legislation, recalling a confrontation with Prime Minister Benjamin Netanyahu in which he dismissed her criticism, insisting Israel remains “the Middle East’s only democracy.” She later observed that far‑right leader Itamar Ben‑Gvir has openly chanted “Death to Arabs,” rebranding it as “Death to terrorists,” thereby blurring the line between extremist rhetoric and state policy.Overall, the death‑penalty law is being portrayed by critics as a stark illustration of an entrenched apartheid system, raising serious questions about Israel’s adherence to international legal standards and the future of Palestinian rights under occupation.

The Lead Apple has rolled out critical security updates for older iPhone and iPad models to counter a sophisticated web-based attack known as DarkSword. The release of iOS 18.7.7 and iPadOS 18.7.7 is a direct response to a leaked set of hacking tools that can compromise devices running versions 18.4 through 18.7. Understanding the DarkSword Vulnerability DarkSword is a sophisticated exploit kit that operates through a 'drive-by download' mechanism. Attackers do not need to trick users into clicking suspicious links; instead, simply visiting a legitimate website that has been breached can trigger the malicious code. This allows the toolkit to break into Apple devices and install spyware without the user's immediate knowledge. The Data Impact of the Exploit The capabilities of the DarkSword toolkit pose a significant threat to user privacy. Once a device is compromised, attackers gain access to a wide range of sensitive information, including: Private messages Browser history Location data Cryptocurrency wallet credentials Security researchers have observed these tools being used in targeted attacks across China, Malaysia, Turkey, Saudi Arabia, and Ukraine. User Friction and Update Resistance Despite the severity of the threat, Apple notes that millions of users remain vulnerable because they have chosen not to update their devices. The primary driver for this resistance is the user experience; many users have opted out of the latest software updates to avoid the new 'liquid glass' interface, prioritizing familiarity over security patches. The Role of Lockdown Mode For users who remain at high risk, Apple’s optional Lockdown Mode offers a robust defense. The company has confirmed that this feature effectively blocks attacks that would bypass standard protections, including those from government-sponsored spyware campaigns. Future Outlook on Web-Based Threats The publication of the DarkSword toolkit on the open web signals a worrying trend. As these tools become more accessible, we can expect an increase in low-cost, high-impact cyberattacks targeting older device versions that lack the latest security protocols.

Iranian Foreign Minister Abbas Araghchi told Al Jazeera that he has exchanged messages with Steve Witkoff, the senior envoy appointed by President Donald Trump, but stressed that these contacts do not constitute formal negotiations. "I receive messages from Witkoff directly, as before, and this does not mean that we are in negotiations," Araghchi said, adding that all communications are routed through the Foreign Ministry and security agencies. The minister highlighted Iran’s historic mistrust of US diplomatic overtures, recalling Washington’s withdrawal from the 2015 nuclear agreement and two recent attacks on Iranian territory during ongoing talks. Araghchi noted that Pakistan has been facilitating the recent exchanges and has also hosted regional discussions involving Saudi Arabia, Egypt and Turkey to build momentum for direct Iran‑US dialogue. Additionally, Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar visited Beijing to seek Chinese backing for these efforts. Regarding the strategic Strait of Hormuz, Araghchi asserted that the waterway falls under the joint jurisdiction of Iran and Oman. He said that once hostilities cease, the two nations will decide its future, emphasizing that the strait should remain a "peaceful waterway." While acknowledging that Gulf states such as Qatar want a seat at the table, Araghchi maintained that the strait is open to commercial vessels from all nations except those actively at war with Iran, which is a standard wartime measure. He also mentioned that ships from India, Pakistan, Turkey and China have already negotiated transit through the strait, underscoring its continued commercial relevance. On the prospect of a US ground invasion, Araghchi warned that Iran is fully prepared to confront any such move. "We are waiting for them," he said, adding that Iranian forces possess the strength to repel a land assault and that the United States would be making a grave mistake by attempting one. These statements come as the Trump administration reportedly increases troop deployments in the Gulf and explores contingency plans for a possible invasion of Iran.

In a wave of coordinated demonstrations, citizens and activist groups in cities around the world have taken to the streets to denounce Israel's newly introduced death‑penalty law for Palestinians. The law, which expands capital punishment provisions specifically for Palestinian individuals, has sparked immediate backlash from human‑rights organisations and foreign governments. Protesters in Europe, North America, and parts of Asia have gathered outside embassies and consulates, holding signs that call for the repeal of the legislation and urging the international community to intervene. Many participants have highlighted the law's potential to exacerbate tensions in an already volatile region, warning that it could undermine ongoing diplomatic efforts. Human‑rights advocates have described the measure as a serious breach of international legal standards, emphasizing that the application of the death penalty in this context contravenes established norms on the protection of civilian populations. While official statements from Israeli authorities remain limited, the global outcry underscores a growing demand for accountability and adherence to universal human‑rights principles. As the protests continue, analysts suggest that the international response could influence future policy decisions in the region, potentially shaping diplomatic negotiations and affecting Israel's standing on the world stage.

Energy crises do more than lift household bills; they can reshape an entire economy. In the 1970s the United Kingdom responded to oil shortages by expanding North Sea extraction and becoming a net energy exporter. Today, with a 10 million‑barrel‑per‑day supply deficit and a fifth of global LNG trade under strain, that strategy no longer offers security.The UK is now acutely vulnerable to volatile gas prices. Inflation expectations are rising, markets anticipate higher interest rates, and borrowing costs have surged to levels not seen since the 2008 financial crisis. The ripple effect is already evident in food markets, where inflation hit 3.3 % in February and could climb sharply within three months.New data reveal that the hundreds of North Sea licences granted since 2010 have added merely 36 days of extra gas production. Major oil majors such as BP are re‑emphasising oil and gas to reassure investors, while Shell continues aggressive share‑buy‑backs. The reality is clear: fossil‑fuel giants cannot be the rescue plan.Gas should no longer set the price floor for electricity. As the grid leans more on wind and solar, gas must be treated as a backup resource, compensated with a fixed or regulated price rather than wholesale market volatility. Research from University College London and Common Wealth outlines a practical model for this approach.Beyond market reforms, households need a safety net. An essential energy guarantee—a capped, affordable band of consumption for every home—mirrors schemes adopted in Austria, the Netherlands and Poland after the 2022 crisis and would be more targeted than the current blanket price‑support guarantee.Similarly, a protected basket of staple foods, backed by long‑term procurement and direct support for domestic producers, could stabilise prices. France’s 2023 anti‑inflation shopping‑basket experiment offers a template, and the UK already supplies over 60 % of its own food, though it remains dependent on imports for fruits, vegetables, rice and fertilisers.The long‑term solution lies in renewable power. Record wind generation this year has already reduced gas‑fired output, while consumer interest in solar panels, batteries and heat pumps is soaring. A typical solar‑plus‑battery system can slash a household’s electricity bill to under £2 per month, and electric‑vehicle owners can save more than £1,000 annually on fuel costs.To unlock these savings, the government must back financing mechanisms such as zero‑interest loans, subscription‑style purchases for solar and heat‑pump kits, and leasing schemes for electric vehicles. On a larger scale, a dual‑interest‑rate policy—standard rates for the broader economy and preferential, low‑cost funding for clean‑energy projects—could mirror the green‑lending models already used by China’s central bank and the Bank of Japan.In short, the United Kingdom faces a decisive moment. The 1970s taught that energy shocks can remake a nation; the question now is whether the UK will seize this crisis to protect living standards and build a resilient, low‑carbon energy system for the decades ahead.

UConn’s last‑second victory over Duke – a freshman buzzer‑beater by Braylon Mullins – will be replayed for years, but the post‑game scene stole the headlines. Coach Dan Hurley approached referee Roger Ayers and touched the official’s forehead while staring intently at him, an act some social‑media users labeled a “head‑butt.”Ayres later told ESPN the incident was “absolutely nothing,” and officials chose not to assess a technical foul that could have given Duke two free throws with 0.4 seconds left. Hurley later claimed he believed Ayers was trying to “chest‑bump me to celebrate.”This was not Hurley’s first brush with controversy. Earlier in March he was fined for “unsportsmanlike conduct” after confronting an official during a game against Marquette, and he has previously taunted opponents and warned Baylor players after a loss to Florida.While many fans describe Hurley as “passionate” or “fiery,” the episode raised a broader question: would a Black coach receive the same leniency? Tennessee State’s Black head coach Nolan Smith responded to a video of the incident on Instagram, joking, “I’ll never try this. I’ll be coaching in Pelican Bay,” and then noting that a Black coach would likely be labeled out of control or even handcuffed.The concern is not hypothetical. In 2025 Tuskegee coach Benjy Taylor was handcuffed by police while trying to calm a heated situation, an outcome many argue would have been unlikely for a white counterpart. Similarly, veteran white coach Rick Pitino survived a major scandal involving an assistant’s escort‑paying scheme and continues to coach at a high‑profile program, a trajectory that would be far less probable for a Black coach in the same circumstance.These examples illustrate what the author describes as a systemic double standard that extends beyond the basketball court, echoing broader societal patterns of white privilege. The piece juxtaposes the flawless public image demanded of Black leaders like Barack Obama with the comparatively permissive treatment of white figures such as Donald Trump, whose legal and personal controversies have not barred him from the highest office.By linking these disparate cases, the article argues that the rules governing behavior and accountability differ for Black individuals across American institutions, including college sports, and that this disparity continues to shape careers and public perception.