‘Stagflationary shock’ from Iran war a ‘nightmare’ as confidence among Australian households crashes

• Peace talks between the US, Israel, and Iran held in Islamabad have broken down, prompting the Trump administration to announce a US Navy blockade of the Strait of Hormuz. • The breakdown in diplomatic negotiations marks an escalation in US-Iran tensions and threatens to further disrupt global energy supplies already stressed by Middle East instability. • The blockade decision signals a shift from diplomatic engagement to military enforcement, with potential consequences for international shipping and energy markets worldwide.

• Finance ministers and central bank governors gathered in Washington for IMF and World Bank Spring Meetings are confronting an unprecedented global energy shock caused by the Iran war and Strait of Hormuz closure, according to IMF Managing Director Kristalina Georgieva. • Georgieva warned that "there will be no neat and clean return to the status quo ante," indicating long-term economic impacts regardless of ceasefire outcomes or efforts to reopen shipping routes. • The energy crisis is already affecting hundreds of millions of people globally, with decisions made at the meetings regarding resource allocation and emergency funding expected to have tangible impacts on livelihoods in the coming weeks.

• The UN's top aid official has warned that Sudan's humanitarian crisis is being abandoned as the war between rival militaries enters its fourth year, with attacks intensifying and humanitarian access shrinking following a deadly airstrike on a funeral gathering in West Kordofan. • Civilians caught in the conflict face mounting dangers as the situation deteriorates, with the UN condemning the escalating violence and calling for renewed international attention to the neglected crisis. • The warnings come as the global community grapples with multiple concurrent conflicts, raising concerns about resource allocation and diplomatic focus on overlooked humanitarian emergencies.

Grand jury brings manslaughter charge over fatal 2024 operation as patient dies on tableA surgeon in Florida has been indicted for manslaughter after he wrongly removed a patient’s liver instead of his spleen during an August 2024 procedure.Thomas Shaknovsky, 44, was indicted by a grand jury in Tallahassee on Monday after prosecutors said he botched the surgery of 70-year-old William Bryan, of Muscle Shoals, Alabama. Continue reading...

Measure by Jamie Raskin follows statements by Trump about annihilating Iran and post depicting himself as JesusSign up for the Breaking News US email to get newsletter alerts in your inboxHouse Democrats on Tuesday proposed creating a commission that would work with JD Vance to remove Donald Trump from office under the 25th amendment, should they determine he is no longer fit to serve.The measure, introduced by Jamie Raskin, the top Democrat on the House judiciary committee, follows a series of statements from Trump, including his recent warning that Iran’s “whole civilization will die” if it did not capitulate to his demands, and a social media post that depicted him as Jesus Christ. Continue reading...

With the army’s size halved since the cold war, UK ambitions to be globally deployable do not match the reality, experts say Middle East crisis – live updatesIf Russia’s full-scale invasion of Ukraine in 2022 was a wake-up call for Nato, the war in the Gulf has brought some harsh realities home to the British public about the state of the UK’s armed forces.While air defence systems and fighter jets were already in place or deployed relatively swiftly, the time it took to send a single destroyer to Cyprus in the form of HMS Dragon focused minds on Britain’s military readiness and capabilities. Continue reading...

Trawler set off from Bangladesh and reportedly capsized due to heavy winds, rough seas and overcrowdingAbout 250 people are missing after a boat carrying Rohingya refugees and Bangladeshi nationals capsized in the Andaman Sea, according to the UN’s refugee and migration agencies.The agencies said the trawler carrying more than 250 men, women and children reportedly sank due to harsh weather and overcrowding. It had departed from Teknaf in southern Bangladesh and was bound for Malaysia. Continue reading...

Refugee Council criticises Labour’s decision, saying military sites are unsuitable and ‘more expensive than hotels’Hundreds of asylum seekers have been removed from government-funded hotels while others have been sent to live in army barracks, the Home Office has announced.Eleven “asylum hotels” in England, Scotland and Northern Ireland have been closed, as first reported by the Guardian, and more will close “in the coming weeks”. About 350 claimants have been moved to the Crowborough military camp in east Sussex, described by a spokesperson as “basic accommodation”. Continue reading...

US president says negotiations could restart in Islamabad under ‘fantastic’ Pakistani army chief Asim Munir• Middle East crisis – live updatesDonald Trump has said that US-Iranian peace talks could resume in Islamabad over the next two days, and complimented the work of Pakistan’s army chief as mediator.The US president was speaking on Tuesday to a New York Post reporter who had gone to Islamabad for the first round of ceasefire talks over the weekend. After an interview discussing prospects for negotiations, the reporter said the president called her back “with an update”. Continue reading...

Experts point to Chinese backing for multinational attempts to introduce global governance of AIChina is now the “good guy” on AI rather than Donald Trump’s US where the technology is being pursued in a dangerous “wild west” manner, a former UN and UK government adviser has told MPs.Prof Dame Wendy Hall, who was a member of the UN’s AI advisory board and co-wrote a review of AI for Theresa May’s government, told the House of Commons business and trade committee that China was backing multinational attempts to introduce global governance of AI in contrast to America, which had set up a race between profit-hungry companies that relied on hype. Continue reading...

David Hinton will receive only his £400,000 salary this year after thousands of customers were left without waterThe chief executive of South East Water has said he will forgo his bonus in an act of penitence for “unacceptable outages” that left thousands of customers in Kent and Sussex without water.David Hinton told MPs on the environment, food and rural affairs select committee that he had decided not to accept an additional “performance payment” this year. Instead, he will receive only his £400,000 salary. Continue reading...

Lonna Drewes alleges Democratic congressman drugged and raped her at Beverly Hills hotelAnother woman has come forward to accuse the California Democrat Eric Swalwell of sexual assault, claiming he drugged and raped her in 2018.At a press conference in Beverly Hills on Tuesday, Lonna Drewes said she was working as a model in Beverly Hills, was interested in local politics, and owned a fashion software company when she met the now 45-year-old congressman. Continue reading...