Ignore ‘self-serving’ claims from gas giants and implement 100% tax on windfall profits, Ken Henry says

• A fragile US-Iran ceasefire is set to expire on April 22, 2026, with diplomatic talks stalled and tensions escalating over competing demands and military posturing. • Iran's spokesperson Esmaeil Baqaei criticized the US position as unrealistic, while Tehran condemned Washington's naval blockade as provocative and a potential trigger for ceasefire violations. • Pakistan continues mediating indirect talks between the two nations, though no date has been set for the next round of negotiations as fears of renewed escalation mount.

• Iranian military officials have alleged that an American C-130 aircraft was struck by Iranian forces during a claimed US infiltration attempt in southern Isfahan, though the claim remains unverified. • Brigadier General Mohammad Akraminia reiterated Tehran's "no survivors" doctrine against any foreign troops entering Iranian territory, signaling extreme hostility toward potential ground operations. • Chechen leader Ramzan Kadyrov has indicated conditional support for Iran, raising the possibility of external involvement if a ground conflict escalates and widening regional security implications.

• Russian President Vladimir Putin issued a bombshell speech from the Kremlin warning against Western military intervention in Iran, marking a significant strategic pivot and directly challenging Trump administration foreign policy. • The address has dramatically escalated geopolitical tensions and prompted immediate reactions from global capitals assessing implications for international security and the balance of power in the Middle East. • Putin's declaration signals Russia's strategic commitment to the region amid the ongoing US-Iran crisis and fragile ceasefire negotiations.

• The Pentagon is reportedly reaching out to civilian manufacturers including Ford and General Motors to boost weapons production, as years of supplying Ukraine followed by sustained Middle East operations have allegedly drained critical missile stockpiles. • Reports suggest the US military is facing a deepening munitions crisis affecting high-tech systems like THAAD and Tomahawk missiles, raising questions about industrial capacity to meet demand. • The growing focus on weapons production and ceasefire negotiations has sparked debate about whether diplomatic efforts are being driven by strategy or by supply constraints.

• Donald Trump announced a major ceasefire between Israel and Lebanon while signaling progress toward a potential nuclear deal with Iran. • The development represents a significant diplomatic initiative amid broader Middle East tensions and ongoing US-Iran negotiations. • The ceasefire comes as regional dynamics continue to shift with multiple diplomatic channels active simultaneously.

• The United Kingdom, United States, Italy, and France have jointly emphasized the urgent need for peace, stability, and long-term prosperity in the Middle East as the Iran crisis threatens global economic and security interests. • The four Western powers are coordinating on a de-escalation strategy focused on protecting civilian lives, safeguarding global energy routes, and reopening key trade corridors including the Strait of Hormuz. • Western officials have highlighted concerns over global energy disruption, inflation risks, and the need for immediate diplomatic resolution amid the escalating regional tensions.

• Russia conducted one of the most intense single-day aerial assaults on Ukraine during the second year of the conflict, firing 659 drones and 44 long-range missiles at major cities. • Ukrainian officials reported widespread devastation including strikes on residential buildings, critical infrastructure, and southern port hubs, resulting in dozens of casualties and extensive damage. • The massive attack underscores the ongoing intensity of the Ukraine-Russia conflict and its humanitarian toll on civilian populations.

Accumulations of up to 3cm deep reported as severe thunderstorms also bring heavy downpours to central Italy This week has seen severe thunderstorms affect the Mediterranean. On Monday, a surface low-pressure system in the Mediterranean in conjunction with an upper air cut-off low, lead to thunderstorms over north Africa. Their intensity was aided by the hot precursor conditions.Algeria and Tunisia were notably affected by the thunderstorms, with some hail accumulation layers as a result. When so much hail forms, it starts to lay down sheets of hail, covering the ground like snow. Hail accumulations of up to 3cm were reported in Oum Ladjoul and Hammam Sokhna in Algeria, and there were hailstones of up to 3cm in diameter fell in Makthar, Tunisia. Thunderstorms continued in the region through the following day, with further hail accumulations, notably in Ouled Bousmir, Tunisia, where there was a layer of about deep. Continue reading...

The prime minister has weathered the crises – for now – and there is a growing recognition that Australia is too vulnerable to world eventsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAnthony Albanese’s fuel diplomacy tour of Asia has already started paying dividends, but the real test could still be to come.After last week’s rush to Singapore and pulling forward a planned visit, the prime minister dashed back to Australia from Malaysia on Thursday, to survey the damage at one of the nation’s only remaining fuel refineries. The hastily arranged trips, were to show a leader on the job; to demonstrate Albanese’s attention to the fuel crisis. Continue reading...

Release of new Claude model, so far limited to US firms, will expand to British institutions in coming daysBritish banks will be given access in the next week to a powerful AI tool that was deemed too dangerous to be released to the public, as a series of senior finance figures warned over its impact.Anthropic, which has so far limited the release of the new model to a small clutch of primarily US businesses, including Amazon, Apple and Microsoft, said it would expand that to UK financial institutions in the coming days. Continue reading...

Exclusive: Liberal Democrat leader calls for privileges committee to investigate whether PM misled parliamentUK politics live – latest updatesA powerful Commons committee should investigate whether Keir Starmer misled parliament over the appointment of Peter Mandelson as ambassador to Washington, Ed Davey has said.The Liberal Democrat leader called for the prime minister to be investigated by the privileges committee to determine whether he committed contempt of parliament, an offence that can lead to a ministerial resignation. Continue reading...

Though welcomed by chefs and campaigners, many schools say the government’s plan to remove ‘grab and go’ options from the menu is a step too farIt is lunchtime at Richard Challoner school, a Catholic comprehensive for boys in New Malden, south-west London. The familiar smell of school lunch is beginning to waft around the corridors.In the canteen, there is a moment of calm as the kitchen team make final preparations before year 7 descend – a mass of chatting, laughing boys, with backpacks swinging and empty tummies grumbling. Continue reading...