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• Taiwanese electronics manufacturer Foxconn reported strong first-quarter revenue growth, yet issued a cautious outlook for future quarters citing escalating geopolitical tensions as a primary risk factor. • The company's performance reflects broader concerns among multinational corporations about supply chain disruptions and market volatility stemming from the Iran conflict and US-China relations.

• Oil prices surged as geopolitical tensions related to the Iran war intensified, with the Strait of Hormuz blockade causing the largest global oil supply disruption since the 1970s energy crisis. • The US dollar strengthened amid escalating geopolitical risk, reflecting investor flight to safe-haven assets as financial markets react to the conflict's economic impact on energy supplies and global trade.

• Coachella Valley Music and Arts Festival opened April 5 in Indio, California, with Travis Scott headlining main stage to 125,000 attendees on Day 1. • Lineup includes Olivia Rodrigo, Post Malone; surprise guest appearances by Drake and Ice Spice boosted social media buzz to 50 million mentions. • Event generates $150 million economic impact for Riverside County, drawing criticism over high $600+ ticket prices.

Elections seem top-of-mind for the Maha movement as key polling indicates anti-vaccine views are a liabilityUS health officials appear to be shying away from voicing negative views of vaccines in public as November’s midterm elections loom and key polling indicates anti-vaccine views are a liability.Health officials have made unprecedented changes to routine vaccine recommendations in the past year – slashing one-third of the US childhood schedule, including the recommendation for hepatitis B immunization at birth. But even before a federal judge essentially invalidated these moves, officials haven’t championed their dramatic changes after Donald Trump’s pollsters recommended veering away from anti-vaccine ideology ahead of the midterms. Continue reading...

• Cuba announced the release of 2,010 prisoners on April 4 following intense US pressure linked to the island's worsening energy crisis. • Gesture aims to ease bilateral tensions as Trump administration leverages geopolitical leverage. • Amid blackouts and shortages, release signals Havana's bid for concessions or sanctions relief.

• US federal agents arrested Hamideh Soleimani Afshar, niece of slain IRGC commander Qassem Soleimani, and her daughter on April 4 after Secretary of State Marco Rubio revoked their permanent resident status. • The State Department confirmed the pair is in ICE custody, marking the first direct targeting of Soleimani's family since his 2020 US drone strike killing. • This symbolically charged action uses immigration enforcement as a weapon in the ongoing war with Iran, viewing Soleimani connections as IRGC-adjacent threats.

• Bank mergers are surging in the US, driving increased branch closures particularly in rural areas as institutions cut costs to compete with online banks. • Ohio leads with six closures announced in 2026, including Cincinnati, Cleveland, and Columbus; Texas follows with four, while South Dakota, Delaware, Illinois, and Florida each report three. • Closures echo a decade-long trend, with 15% of US bank branches shuttered between 2015 and 2024 per Statista data.

Most of the stations hit with penalty infringement notices were in regional NSW, while 23 were in Sydney Ninety-three service stations in New South Wales are facing fines for misrepresenting their prices amid Australia’s fuel crisis – although none are facing penalties for price gouging.A two-week compliance blitz has seen inspectors visit about 75% – or just under 1,800 – of stations registered with fuel price app FuelCheck in NSW, issuing 93 penalty infringement notices, the state government said on Sunday. Continue reading...

Iran launches missiles and drones at Israel and Kuwait after US president says regime will face ‘all hell’Search for missing US crew member of downed fighter jet enters second dayIran has rejected Donald Trump’s demand that the regime cut a deal in 48 hours or face “all hell”.On Saturday, the US president posted on social media: “Remember when I gave Iran ten days to MAKE A DEAL or OPEN UP THE HORMUZ STRAIT,” referring to an ultimatum issued on 26 March.The Israeli prime minister, Benjamin Netanyahu, confirmed that Israel attacked Iran’s petrochemical plants after reports from Iranian media saying at least five people were killed in an attack on the Mahshahr petrochemical zone.US search and rescue efforts for the missing second crew member of the downed F-15E fighter jet continued into a second day as Iran came under heavy bombing. A pilot had been rescued on Friday after the F-15E Strike Eagle became the first US plane to be downed over Iran during the five-week-long war.American and Israeli fighter jets targeted multiple strategic and civilian sites inside Iran’s capital on Friday afternoon, including Shahid Beheshti University, one of the country’s leading academic institutions, Iranian state media reported.The death toll in Lebanon has reached 1,422 since the conflict with Israel began on 2 March, according to data from the Lebanese health ministry and reported by the Associated Press. In just the past 24 hours, Israeli strikes have killed 54 people and wounded 156.The Kuwaiti Ministry of Defense said on Saturday that its air defense forces successfully intercepted eight ballistic missiles and 19 drones over the last 24 hours. However, on Sunday a fire has erupted in the Shuwaikh oil sector complex that houses the oil ministry and Kuwait Petroleum Corporation headquarters, after a drone attack, and Kuwaiti state media reported that two power and water desalination plants sustained “significant material damage” after being attacked by Iranian drones.A Lebanese security source at the main crossing between Syria and Lebanon, said they were evacuating the crossing after Israel threatened to attack it. The Israeli military said on Saturday it would strike an area near the Masnaa crossing urging residents to evacuate immediately as it continued its attacks across Lebanon.Residents of southern Lebanon’s Kfar Hatta were told on social media by Israel to immediately leave the area, and warned that the Israeli military would soon act “with force” in the area. Continue reading...

• Austria has rejected multiple US requests for military overflights of its territory since the start of the US-Israeli war on Iran on February 28, 2026. • The decision underscores Vienna's strict neutrality policy, complicating US logistics for regional operations against Iranian targets. • This refusal highlights growing European divisions on supporting US actions, potentially delaying reinforcements to Middle East bases.

• Amy Duggar publicly criticized Kendra Duggar for standing by husband Joseph during ongoing family controversies. • The Us Weekly report highlighted tensions within the Duggar family reality TV circle. • Amy's comments sparked discussions on loyalty and family dynamics in conservative celebrity households.

• US and Israeli forces launched expanded 'Juniper Oak' drills on April 4, 2026, involving 12,000 troops simulating multi-front attacks near the Lebanon border. • Drills feature F-35 joint operations and Iron Dome intercepts, responding to 150 Hezbollah rocket launches since March 15. • Exercise underscores US commitment with $3.8 billion annual aid, amid warnings from Defense Secretary Lloyd Austin of 'deterring wider escalation.'

• US State Department endorsed on April 4, 2026, a Kenyan-led multinational force of 2,500 troops to deploy to Haiti within 60 days to combat gang control in Port-au-Prince. • Gangs control 85% of the capital, with 4,000 homicides reported in 2025; US provides $150 million in logistics and training support. • The mission addresses a humanitarian crisis displacing 700,000 Haitians, as highlighted by UN envoy William O'Neill: 'State collapse is imminent without intervention.'

• US tech companies cut 52,000 jobs in just three months of 2026, driven by rising AI investments. • Layoffs stem from restructuring for AI priorities, though economic factors also contribute beyond automation. • The trend highlights tensions between AI-driven efficiency gains and workforce displacement in Silicon Valley.

• Türkiye positions itself at the center of diplomatic initiatives and alternative energy transit routes as U.S.-Israel-Iran hostilities enter their second month. • Foreign Minister Hakan Fidan conducted intense phone diplomacy and Gulf trips, coordinating with Egypt, Saudi Arabia, and Pakistan on ceasefire frameworks. • Ankara prioritizes preventing escalation, staying outside direct hostilities while warning against conflict expansion amid surging global oil prices.

• The U.S. Energy Department announced plans Wednesday to loan an additional 10 million barrels of crude from the Strategic Petroleum Reserve as part of a 172 million-barrel drawdown. • West Texas Intermediate crude prices exceeded $112 per barrel due to ongoing Iran conflict disruptions, prompting the reserve release to curb domestic fuel costs. • Critics warn the extensive SPR drawdown heightens U.S. energy vulnerabilities during prolonged geopolitical tensions and supply chain risks through key chokepoints.

Iran’s Revolutionary Guard Corps said it was combing an area near where plane came down in south-western Iran; Israeli military strikes ‘Hezbollah infrastructure’ in Lebanon capitalUS F-15E jet confirmed shot down over Iran as Tehran releases wreckage imagesHello and welcome to our continuing live coverage of the US-Israeli war on Iran and its impact on the region, the world and the global economy.Iranian and American forces were racing each other early on Saturday to recover a crew member of the first US fighter jet to go down inside Iran since the start of the war.Tehran rejected a US proposal for a 48-hour ceasefire, said Iran’s semi-official Fars news agency, citing an unnamed source. There was no immediate comment from the US. Earlier, the Wall Street Journal reported that Iran had officially told mediators it was unwilling to meet with US officials in Islamabad in the coming days.The UN force in Lebanon said a blast at one of its positions had wounded three peacekeepers, two of them seriously, in the third such incident in a week.Israeli fire killed a man in Syria’s Quneitra province in the south near the Israeli-occupied Golan Heights, Syrian state media said. The man was killed in an attack by “an Israeli tank”, the Sana agency said, while state TV said a car was targeted.An Egyptian national was killed and four others wounded after a fire at a gas complex in Abu Dhabi, caused by falling debris from an intercepted attack, the government media office said. Two of the four people hurt were from Egypt, while the others were from Pakistan, it said.Trump asked lawmakers to approve a $1.5tr defence budget for 2027 as the US faces rising costs from its war with Iran and mounting global security commitments. The proposal would lift Pentagon spending by more than 40% in a single year – the sharpest increase since the second world war.The US embassy in Lebanon said Iran and allied groups could seek to target universities in the country, where Tehran-backed Hezbollah is at war with Israel and Israeli troops are carrying out a ground invasion.Three tankers, including one co-owned by a Japanese company, crossed the strait of Hormuz by hugging close to Oman’s shore –a rare transit route – maritime traffic data showed on Friday. With agencies Continue reading...

• Iran's IRGC threatened strikes on US technology and defense companies operating in the Middle East. • The sweeping alert links geopolitical tensions to cyber and physical risks for American firms. • It escalates cybersecurity concerns for US multinationals with regional presence.

Ripple effects of oil and fertiliser shortage felt by farmers in India and Sri Lanka despite governments saying there is enough stock to go roundGurvinder Singh never thought the war in Iran would touch his quiet corner of Punjab.Yet looking out over his smallholding, where he alternates between wheat and rice crops in the state known as India’s breadbasket, the 52-year-old farmer can barely think of anything else. His anxiety over a conflict playing out thousands of miles away is crippling as he fears what will come of this season’s rice crop. Continue reading...

US president issues executive order as longest partial government shutdown in US history enters 49th dayDonald Trump issued an executive order Friday that declares all Department of Homeland Security employees will receive pay and benefits during the agency’s partial shutdown.The “Liberating the Department of Homeland Security From the Democrat-Caused Shutdown” memo is similar to Trump’s executive order from last week which called for issuing pay to Transportation Security Administration (TSA) agents during the shutdown.In the order, Trump directed the homeland security secretary, Markwayne Mullin, to “use funds that have a reasonable and logical nexus to the functions of DHS” to pay “each and every employee of DHS”. Continue reading...

• QMusic CEO Kris Stewart resigned suddenly on April 3, 2026, following board accusations of improprieties in awarding lucrative media contracts for major events. • The resignation highlights governance issues in the music industry organization. • Stewart's departure raises questions about transparency in entertainment event deals.

• The US Labor Department reported that employers added 178,000 jobs in March 2026, significantly surpassing economists' expectations of 60,000 jobs polled by LSEG. • The unemployment rate declined to 4.3% from 4.4% in February, lower than the projected 4.4%, with January revised up to 160,000 jobs and February down to 133,000. • This rebound follows February's unexpected job losses and signals labor market resilience despite geopolitical tensions and economic uncertainty.

Biggest rises were in vegetable oil and sugar prices, which increased by 5% and 7% respectivelyVisual guide to the Gulf fertiliser blockadeFood prices rose sharply in March as war in the Middle East drove up energy prices and freight costs around the world, a UN report says.An index of food commodity prices by the UN’s food and agriculture organisation increased by 2.4% in March, its second consecutive monthly rise. Continue reading...

US president warns Iran after strike; UN vote on authorizing the use of ‘defensive’ force to protect shipping in the strait of Hormuz delayedFull report: Trump warns Tehran ‘more to follow’ after strike destroys Iran’s largest bridge Continue reading...

• The CDC temporarily halted testing for rabies and pox viruses—including those for smallpox and mpox—to assist state labs, as part of an agency-wide review started in late 2024. • By July, the rabies team will have only one advisor left for states, while the pox virus team will have none due to dwindling staff from resignations and layoffs. • Experts express concern over reduced clinical expertise, potentially weakening national responses to outbreaks.

‘Ukraine has expertise concerning sea waterways, and the defence and reopening of maritime traffic,’ says president. What we know on day 1,500Volodymyr Zelenskyy offered on Thursday to provide Ukraine’s expertise in dealing with freedom of navigation in the Black Sea to those countries considering how to keep the strait of Hormuz open amid the conflict in the Middle East. The Ukraine president, speaking in his nightly video address, said the foreign minister, Andrii Sybiha, had taken part in a virtual meeting devoted to reopening the strait of Hormuz, attended by about 40 countries. “Ukraine has relevant expertise concerning sea waterways, and the defence and reopening of maritime traffic,” he said. “If [our] partners are ready to act, we will consider how we can strengthen them, how we can apply our expertise, knowledge and technological potential.”Russia’s army recorded no territorial gains on the frontline in Ukraine in March, for the first time in two and half years, AFP analysis of data from the Institute for the Study of War (ISW) showed. The Russian army’s advances have been slowing since late 2025 due to Kyiv’s localised breakthroughs in the south-east, and losing ground in March and February on the southern section of the frontline, between the Donetsk and Dnipropetrovsk regions, the analysis showed. Across the entire frontline, Ukrainian forces managed to recapture 9 sq km in March.North Korea’s leader, Kim Jong-un, gave “field guidance” at the Memorial Museum of Combat Feats at the Overseas Military Operations, which is under construction , state media KCNA said. The museum in Pyongyang will be a place to commemorate the fallen soldiers sent to support the Russian army in the war in Ukraine. The construction of the museum is almost complete and Kim said the opening ceremony would be held in mid-April, marking the first anniversary of the deployment of the North Korean soldiers.Six Ukrainian children will be returned from Russia to their families in Ukraine, the White House said on Thursday, citing efforts by Melania Trump to expedite their return. A seventh Ukrainian child will also be returned to their family later this month, the first lady’s office said in a statement. Ukraine says almost 20,000 children have been illegally sent to Russia and Belarus, where they are sometimes subject to military training and forced to fight against their own country’s troops.Russian strikes across Ukraine on Thursday killed at least two people and wounded dozens, officials said, as Moscow stepped up its attacks amid stalled peace talks. In the south-eastern Kherson region, Russia attacked “with artillery, mortars and UAVs”, the regional prosecutor’s office said on social media. A 42-year-old man was killed when a drone hit a civilian car, and 16 others – including a teenage boy and three police officers – were wounded in air attacks and artillery shelling, it added. In the Chernihiv region, north of the capital Kyiv, Russia attacked with a ballistic missile, the head of Chernihiv’s military administration, Dmytro Bryzhynsky, said on Telegram.Russian forces maintained a daylong barrage of drone strikes on Kharkiv, Ukraine’s second largest city, on Thursday, injuring at least two people, local officials said. Kharkiv’s mayor, Ihor Terekhov, posted reports on Telegram throughout the day and well into the evening, noting strikes in four city districts. One city official said there had been at least 20 drone strikes. He said some had triggered fires and two people had been injured in an evening attack, including an eight-year-old girl.Russian forces carried out 129 attacks on Ukrainian gas and heating facilities during the recent 151-day heating season, the state oil and gas firm Naftogaz said on Thursday. “The Russians hit pipelines, gas production, underground storage facilities, heating systems – everything that Ukrainians depend on for heat and gas,” it said in a statement. Continue reading...

Federal agency, which normally supports state and local public health labs, has been hobbled by staff departuresSign up for the Breaking News US email to get newsletter alerts in your inboxThe US federal agency responsible for monitoring diseases has temporarily halted certain diagnostic testing, including those for rabies, human herpesvirus and several other infectious illnesses.The Centers for Disease Control and Prevention (CDC) released a list on Monday showing that more than two dozen types of testing are now unavailable. Continue reading...

• Iran's Islamic Revolutionary Guard Corps Navy commenced large-scale military exercises in the Persian Gulf on April 1, deploying multiple warships and missile systems near the strategically vital Strait of Hormuz. • US Central Command deployed additional naval assets to the region in response, with Pentagon officials stating the move is designed to "ensure freedom of navigation" and protect commercial shipping lanes critical to global energy markets. • The Iranian exercises follow recent diplomatic tensions and represent the latest in a series of military posturing events that have increased risk premiums on global oil prices by approximately 3% this week.