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• India and Italy are preparing to reinforce diplomatic and trade ties during Prime Minister Narendra Modi’s visit to Rome, an Italian official said Tuesday. • The two governments plan to elevate relations to a special strategic partnership, signaling a broader push for cooperation beyond traditional areas. • The move matters because New Delhi is expanding partnerships across Europe while Rome seeks a stronger role in Indo-Pacific and economic diplomacy.

• Singapore Prime Minister Lawrence Wong stated that Singapore and New Zealand can collaborate more on AI to become leaders in its deployment. • The proposal came during talks with NZ PM Luxon, focusing on new opportunities in artificial intelligence. • This partnership aims to position both nations at the forefront of AI innovation amid regional tech advancements.

England’s higher education regulator must rebuild trust with troubled sector after series of blunders under previous leadershipIn its brief and unhappy life, England’s Office for Students has been offered a series of challenges it has largely failed to meet. This week the latest and most embarrassing of those was unveiled when the high court decisively rejected the higher education watchdog’s attempts to fine the University of Sussex more than £500,000 for regulatory failings relating to Kathleen Stock’s time as an academic at Sussex.Stock quit Sussex in 2021, saying she felt ostracised and targeted for her views on gender identity and transgender rights. Here was the highest profile test case that the OfS had seen: a subject of enormous controversy and sensitivity, involving key issues of academic freedom and freedom of speech. But as we now know from Mrs Justice Lieven’s ruling, in its rush to intervene, the OfS managed to tie together its own shoelaces. Continue reading...

Rolling coverage of the latest economic and financial newsThe number of people in England and Wales falling into insolvency has jumped.There were 11,609 individual insolvencies registered in England and Wales in February, the Insolvency Service has reported this morning. This was 18% higher than in February 2025 and 6% higher than in January 2026.The individual insolvencies consisted of 768 bankruptcies, 4,210 debt relief orders (DROs) and 6,631 individual voluntary arrangements (IVAs). The number of DROs in February 2026 was a record high in the monthly time series going back to their introduction in 2009, exceeding the previous high of 4,185 in August 2025.The number of IVAs was higher than both January 2026 and the 2025 monthly average. Bankruptcies were 25% higher than in February 2025, although numbers were affected by the clearing of a backlog following the Insolvency Service moving to a new case management system.Average 2-year fix has risen from 4.83% at the start of March to 5.28% today. It’s highest since April 2025.Average 5-year fix has risen from 4.95% at the start of March to 5.32% today. It’s highest since February 2025.“War in the Middle East has added almost £800 to a typical annual mortgage bill in just two weeks, which will be unwelcome news for anyone currently seeking a fixed rate deal.“The average two-year fixed rate has jumped from 4.83% at the start of March to 5.28% today – its highest level since April 2025. The average five-year fix has risen from 4.95% to 5.32%, now at its highest since February 2025. For a borrower with a £250,000 mortgage over 25 years, that equates to paying £788 more per year on a two-year fix, or £651 more on a five-year deal compared to just a fortnight ago. Continue reading...