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‘Development in reverse’ taking place involving rising energy and food costs and weaker economic growthMore than 32 million people worldwide could be plunged into poverty by the economic fallout from the Iran war, with developing countries expected to be hit hardest.In a report issued amid doubts over a fragile ceasefire, the United Nations Development Programme (UNDP) said the world was facing a “triple shock” involving energy, food and weaker economic growth. Continue reading...

Marine Conservation Society warns that fish numbers have reached dangerous point of declineConsumers should “completely avoid” buying UK-caught cod, the Marine Conservation Society (MCS) has said, as it warned that populations have reached a dangerous point of decline despite zero-catch recommendations.The MCS, an environmental charity, publishes a Good Fish Guide to help consumers and businesses make sustainable seafood choices. Continue reading...

Brent crude oil dropped to $93 a barrel after Trump ceasefire announcement and Iran’s pledge to reopen strait of Hormuz under its managementMiddle East crisis – live updatesFull report: US and Iran agree to provisional ceasefire with Tehran saying it will reopen strait of HormuzOil prices plunged by almost 15% after Donald Trump held off on his threat to bomb Iran into the stone ages on Tuesday night, and Iran’s foreign minister said passage through the strait of Hormuz would be allowed for the next two weeks under the management of its military.With just over an hour until his deadline was due to pass, the US president said he was holding off on threatened attacks on Iran, subject to Tehran agreeing to a two-week ceasefire and reopening of the strait of Hormuz. Continue reading...

• Nike's stock tumbled 13.1% after the company reported better-than-expected quarterly profits but issued weak financial forecasts. • Investors reacted negatively to cautious guidance amid softening consumer demand and competitive pressures in apparel. • The drop underscores broader concerns in consumer discretionary stocks, impacting sector sentiment on Wall Street.

‘There is no doubt that the cells and tissues of the oral cavity, the mouth and the lungs are altered by inhalation from e-cigarettes,’ academic saysGet our breaking news email, free app or daily news podcastVaping is likely to cause lung and oral cancer, researchers have found, as they urged regulators to act now rather than wait decades for a definitive level of risk.Cancer researchers led by UNSW in Sydney analysed reviews of evidence from animal studies, human case reports and laboratory research published between 2017 and 2025, in one of the most detailed assessments to date of whether nicotine e-cigarettes could cause cancer. Continue reading...

• Sysco shares plunged 12% following the announcement of a $29 billion acquisition of Jetro Restaurant Depot, including debt, in a major foodservice industry deal. • The deal aims to expand Sysco's market reach but sparked investor concerns over the high cost and integration risks amid volatile markets. • This merger highlights consolidation trends in the restaurant supply sector, potentially impacting competitors and pricing dynamics.