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Middle East crisis live: Hegseth claims Trump ‘knew nothing’ about gasfield attack, declines to say when war will end

US defence secretary says America ‘will finish this’ in Iran war briefing, but declines to say whenThe war cost the US $12.7bn by day six. Here’s how it’s been spent – in chartsTurning to Australia now, a petrol tsar will manage “unprecedented” supply issues caused by the Middle East conflict as the finishing touches are put on measures to address dire shortages in many regional areas.Prime minister Anthony Albanese convened a snap virtual meeting of the national cabinet on Thursday to discuss major price shocks and shortages driven by the US-Israel war on Iran.My government will be announcing more measures to prepare the nation for supply chain challenges over coming days and weeks.Our fuel supply is currently secure. However, I want us to be over-prepared. Continue reading...

The Guardian 10 minutes ago

Bank of England expected to raise UK interest rates twice this year to fight inflation shock from Middle East crisis – business live

UK central bank has left rates on hold, and warned that CPI inflation will be higher in the near term as a result of the ‘new shock to the economy’ from Middle East crisisWhy are mortgage rates going up when the Bank of England base rate hasn’t changed?Fed holds interest rates steady as Iran war drives up oil prices and inflation fearsMiddle East crisis live: Trump threatens to ‘blow up’ entire South Pars gasfield if Iran strikes QatarEuropean stock markets have dropped sharply at the start of trading, hit by worries about surging energy prices.In London, the FTSE 100 blue-chip share index has tumbled by 162 points, or 1.6%, to 10,142 points.“Fears of a sustained energy shock have resurfaced after the escalation in the Iran war sent oil and gas prices soaring. The prospect of a longer, more drawn-out conflict is in sharp focus, as both sides ratchet up attacks on energy infrastructure.Brent crude remains highly volatile but has traded as high as $114 a barrel today, threatening to climb back towards recent scorching levels. Gas prices have surged by 25%, reaching a range not seen since early January 2023.The Company is ready to restart production and exports quickly with an improvement in the security environment. Continue reading...

The Guardian 13 minutes ago

Hungary’s Orbán says he won’t back down and allow EU’s €90bn loan to Ukraine – Europe live

Hungarian PM, who is facing an upcoming election, appears in no mood to compromise as EU leaders meet in Brussels this morningGermany’s chancellor Friedrich Merz also called for de-escalation in the Middle East, welcoming what he said were signals by US president Donald Trump that combat action in Iran could come to an end, which could allow Europe to contribute to securing peace in the region.“I am expressly grateful that the US president sent a signal in this regard last night that he is prepared to bring the fighting to an end,” he told reporters ahead of an EU summit in Brussels in comments reported by Reuters. Continue reading...

The Guardian 18 minutes ago

Europe’s biggest airlines say fuel price spike caused by Iran war will drive up fares

Carriers warn they cannot hold off passing on costs for long and some airlines plan to increase flights via AsiaBusiness live – latest updatesEurope’s biggest airlines have said that that the spike in fuel prices caused by the war in the Middle East will drive up fares and are advising passengers to book early.While carriers have partly hedged the price of jet fuel, bosses said they could not avoid passing on additional costs to passengers for long. Continue reading...

The Guardian 19 minutes ago

Badenoch offers new explanation for Tory attack on Muslim event, saying party objecting to gender segregation – UK politics live

Tory leader continues to back Nick Timothy after he said public prayer for Ramadan was an ‘act of domination’Starmer claims Tories have ‘problem with Muslims’ after Timothy tweetCleverly is trying to show a video, but it is not working. So he just invites Kemi Badenoch to start her speech.The Conservatives are launching their local elections campaign. There is a live feed here. Continue reading...

The Guardian 23 minutes ago

BoE delivers message Britons don’t want to hear as inflation – and rates – look set to rise

Decision to hold interest rates is backed by gloomy assessment of economy as Iran war pushes up oil pricesBank of England holds interest rates at 3.75%Business live – latest updatesThe US-Israel attack on Iran has already driven prices higher and not just at the petrol pumps, the Bank of England said on Thursday in a gloomy assessment of the UK’s economic outlook.An inflation rate that was on track to fall from 3% to the Bank’s 2% target in the coming months is now expected to rise to 3.5%. That is one probable impact of the US and Israel’s war on Iran. Continue reading...

The Guardian 27 minutes ago

Democrats move to impeach Pam Bondi after ‘fake’ Jeffrey Epstein briefing – US politics live

Anger grows after a closed-door briefing from attorney general where she refused to commit to testify under oath despite subpoenaDemocrats walk out in protest at Epstein briefing from BondiSign up for the Breaking US News US emailAnswering a reporter’s question on Iran’s missile capabilities, considering the country has managed to strike numerous states in the Gulf, Gen Dan Caine, the chair of the joint chiefs of staff, said Tehran retains “some capability” to attack American assets.“They came into this fight with a lot of weapons.,” he said, adding that the US continues to be “as aggressive and assertive” in striking Iran. Continue reading...

The Guardian 37 minutes ago

Iran’s dilemma in war and peace

Iran’s regional ambitions are increasingly constrained by military limits, economic pressure, and internal fragility.

Al Jazeera 49 minutes ago

‘A weight’s been lifted’: MP Charlotte Nichols on speaking up about her rape trial

After a 1,088-day wait, a jury acquitted the man Nichols accused. She describes her experience of the system as a complainant – and explains why she went publicWarning: this article contains graphic testimonyCharlotte Nichols on her rape trial ordeal – podcastSitting in the House of Commons, waiting for the speaker to call her name last week, the MP Charlotte Nichols was doing breathing exercises to try to keep calm. “I was just trying to get myself into the headspace where I could say what I wanted to say without either completely garbling it or just crying or bottling it at the last minute.”She didn’t bottle it. She stood up, asked MPs to be gentle with her, and then went public with her biggest secret. Continue reading...

The Guardian 52 minutes ago

Bank of England holds interest rates at 3.75% and signals rise is possible within months

Decision comes as concerns mount over economic fallout from Iran war bringing inflation shockAnalysis: BoE delivers message Britons don’t want to hearBusiness live – latest updatesThe Bank of England has kept interest rates on hold and signalled it could be forced to increase borrowing costs within the coming months as the US-Israel war on Iran threatens to drive inflation in the UK above 3%.As households brace for a surge in living costs, the Bank’s rate-setting monetary policy committee (MPC) voted unanimously to keep its base rate at the current level of 3.75% amid growing concern over the surge in energy prices triggered by the conflict. Continue reading...

The Guardian 55 minutes ago

St Patrick’s Day float referencing Epstein files draws condemnation in Ireland

Charities call display, which mimicked a sexual assault, ‘an act of public grooming’ that normalises sexual violenceRape crisis charities in Ireland have condemned a St Patrick’s Day float that mimicked a sexual assault and featured signs saying “Epstein files”.Rape Crisis Ireland called the display “an act of public grooming” that normalised sexual violence, while politicians labelled it a disgrace. Continue reading...

The Guardian 56 minutes ago

PwC partners who fail to embrace AI have no future at firm, US CEO warns

Paul Griggs says senior staff at consulting firm who are not ‘paranoid about being AI-first’ are likely to be replacedBusiness live – latest updatesThe US boss of PricewaterhouseCoopers has warned that partners who do not get to grips with AI have no future at the consulting firm.Paul Griggs said senior staff who were not “paranoid about being AI-first” would probably be replaced by others who were ready to embrace the technology. “I don’t think anyone gets a free pass here. Anyone,” Griggs told the Financial Times. Continue reading...

The Guardian 1 hour ago

Buzz kill: US breweries shutter as fanfare over craft beers appears to fade

Covid-related downturns and reductions in alcohol consumption have taken a toll on a once booming industryIn the early 2000s, Chris Bell, then a student at University of Colorado Boulder, followed a common path among people interested in brewing beer. He started doing so at home, then spent years working at established craft beer makers Long Trail Brewing in Vermont and Avery Brewing in Colorado before opening Call to Arms Brewing Company in 2015 in Denver.In a crowded market, the business was successful. Its More Like Bore-O-Phyll beer won a gold medal in the fresh or wet hop ale category at the 2018 World Beer Cup. A local outlet called it one of the city’s best breweries, and it had a 4.7 rating from more than 400 reviews on Google. Continue reading...

The Guardian 1 hour ago

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