Ukraine war briefing: €90bn EU loan for Ukraine to be released in second quarter

EU economy commissioner says Iran war is feeding Russia’s war machine; Trump condemns massive strikes on Ukraine. What we know on day 1,513

The EU expects to start releasing a new €90bn loan to Ukraine in the second quarter, the bloc’s economy chief told AFP on Thursday. The EU’s economy commissioner, Valdis Dombrovskis, was speaking on the sidelines of the International Monetary Fund and World Bank’s spring meetings, which brought finance ministers, central bankers and other leaders to Washington. “Our support for Ukraine, also continued pressure and sanctions against aggressor Russia was very much part of the agenda,” Dombrovskis said. He warned that Moscow was “emerging as a winner from this war in Iran, because it provides windfall profits to feed Russia’s war machine”.

Russia hammered civilian areas across Ukraine with drones and missiles on Thursday, killing at least 17 people and wounding more than 100 others in the worst aerial attack in weeks, Ukrainian authorities said. Nearly 700 drones and dozens of ballistic and cruise missiles were used, as Ukrainian officials said vital stocks of advanced interceptors were running low.

Donald Trump on Thursday condemned a massive Russian drone and missile attack across Ukraine that ripped through apartment buildings in the capital, Kyiv. Asked by reporters at the White House for his reaction to the barrage, Trump said: “I think it’s terrible.”

It is not in the interest of the US that Russia is the winner of the Iran war, the German vice chancellor, Lars Klingbeil, said on Thursday in Washington. “It’s not in our interest and it cannot be in the interest of the United States,” he said in a joint statement with the finance ministers of Ukraine and Norway on the sidelines of the IMF spring meetings. Klingbeil said the Russian economy was growing thanks to the Middle East conflict and the country was profitting from the energy situation. As the conflict in the Middle East dominated the gathering of finance officials at the IMF in Washington, the ministers of Norway, Germany and Ukraine spoke about not forgetting to support Ukraine in its defence against Russia. “All the meetings here are about the question of what’s happening with the war in Iran, and I think it’s really important we show solidarity with our friends in Ukraine,” Klingbeil said.

The heads of the EU and Nato on Thursday discussed efforts to bolster Europe’s arms production, as Donald Trump threw doubt on Washington’s commitment to the transatlantic alliance. “We need to invest more, to produce more and to do both faster,” the European Commission’s president, Ursula von der Leyen, posted online after meeting Nato’s chief, Mark Rutte. European nations are scrambling to bolster their militaries in the face of Russia’s war on Ukraine and pressure from Trump.

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Australia news live: refinery fire will not lead to tougher fuel restrictions, PM says, though petrol production down by 40% at plant

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Australia secures extra fertilizer and 100m extra litres of fuel, PM says

Albanese has also provided an update on Australia’s talks with its allies in Asia to shore up imports of fuel and other goods affected by the effective closure of the Strait of Hormuz.

The advice that we have received today is that 80% of diesel production is continuing, 80% of aviation fuel is continuing, ongoing.

It has been slowed down just slightly because of the circumstances which are there, but 60% of petrol production [is] proceeding today as well.

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Next chief Simon Wolfson paid record £7.4m – and could get far more this year

‘Sustained outperformance’ merits pay rise, says company after it ups profit guidance to £1.2bn for year to January 2027

The Next chief executive, Simon Wolfson, took home more than £7m last year, his highest ever pay package, and could be handed up to £9.27m this year after the retailer announced plans to increase his basic salary and bonuses.

The listed company said it was increasing its pay deal for the long-term leader of the fashion and homewares retailer, which now controls a string of brands in the UK including Gap, Victoria’s Secret, Cath Kidston, Reiss and FatFace, as his remuneration was 30% below the average for FTSE 100 bosses.

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Pedro Pascal v Pedro Piscal: actor in legal battle with Chilean spirit brand

Pedro Piscal pisco is latest Chilean brand to resemble a Hollywood name – and others have fought off the lawsuits

The actor Pedro Pascal is waging a legal battle against a Chilean pisco merchant who has chosen a cheeky name for his brand of the country’s national spirit: Pedro Piscal.

David Herrera registered the brand name with a Chilean commercial regulator in 2023 and began selling his pisco in off-licences and restaurants.

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‘A dollar or two increase is devastating’: US consumers on toll of rising gas prices

Guardian readers describe how their lives have been upended by cost hikes stemming from Trump’s Iran war

With the US and Israel’s war on Iran now in its seventh week, with a fragile ceasefire in place since earlier this month, Americans are continuing to feel the effects at the pump as global fuel prices rise.

For several readers who spoke to the Guardian, the impact has forced difficult trade-offs – from accessing essential medicines and groceries to facing the brink of homelessness amid an already rising cost of living.

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Australia fuel watch tracker: check current petrol and diesel prices, service station outages and shipments – in charts

How much fuel does Australia have left today, and when could we run out? Track how much petrol and diesel prices have risen near you in Sydney, Melbourne and across the country.

The federal government has released fuel reserves, cut fuel excise taxes and rolled out a national fuel security plan as Australia battles a fuel crisis.

While we know there have been outages and price increases, it can be difficult to get a full picture of what is happening – this is partly due to the thousands of independent businesses and different governments involved. We have brought together the latest data on prices, outages and oil tanker deliveries.

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Drax claimed record £999m in subsidies for burning trees in 2025, thinktank says

Company has received about £8.7bn in renewable energy subsidies since 2012, despite claims wood pellets are not sourced sustainably

The owner of the Drax power plant in North Yorkshire received record subsidies of almost £1bn for burning trees to generate electricity in 2025, a climate thinktank has calculated.

The company was paid £999m last year for generating about 4.5% of Great Britain’s electricity from its biomass plant, costing each household £13 a year, according to analysts at Ember.

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Gina Rinehart has been forced to share her riches. But will she fight on or end the family feud?

A 15-year court battle costing millions of dollars ended in a partial defeat for the tycoon. Will she now bury the hatchet or double down and keep fighting her children and rivals?

Gina Rinehart does not like to lose.

Engaged in bitter legal battles for most of the past 35 years, Australia’s richest person has shown her propensity to fight tooth and nail to retain control of her family’s iron ore empire – and the riches that flow from it.

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Aegon offloads 200-year-old UK business to Standard Life for £2bn

Deal will create pensions and savings group with 16m customers and £480bn of assets, while Aegon focuses on US

The Dutch financial services group Aegon has struck a £2bn deal to sell off its almost 200-year-old UK arm to Standard Life, as part of a US push in which the group will be rebranded as Transamerica.

Standard Life, previously known as Phoenix Group, said the deal to buy Aegon UK would create a pensions and savings group with 16 million customers and £480bn of assets under administration.

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Gina Rinehart’s son says he wants to be a ‘united family’ in olive branch to mother after court ruling

John Hancock welcomes findings on ownership of mines and companies although judge says dispute should be determined in private arbitration

Gina Rinehart’s son has said he wants to reunite his family after a landmark court case left a long-running feud over ownership of mines and companies unresolved.

The Western Australian supreme court on Wednesday found Rinehart’s children were at one point set to inherit 49% of her company and said their ownership claims should be determined in separate proceedings.

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China Evergrande’s billionaire boss pleads guilty to fraud

Hui Ka Yan expresses remorse in trial proceedings after collapse of world’s most indebted property developer

A former steelworker who rose to become one of China’s richest people has pleaded guilty to charges including fundraising fraud after the collapse of Evergrande, the world’s most indebted property developer.

The property group’s founder, Hui Ka Yan, “pleaded guilty and expressed remorse” in trial proceedings at a court in China’s southern city of Shenzhen against him and Evergrande, the court said in a posting on its official WeChat account. He also pleaded guilty to misuse of funds and illegally taking public deposits.

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Uber adds fuel surcharge for non-EV fares in Australia amid petrol price rises

Trips in electric vehicles will be exempt from the temporary fee of 5 cents a kilometre, rideshare firm says

Uber customers in Australia will be charged a fuel surcharge for almost two months from Wednesday unless they ride in an electric vehicle.

Trips in petrol, diesel and hybrid vehicles will attract an extra fee of 5 cents a kilometre from 15 April to 8 June, Uber announced on Monday.

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Interest in EVs surges in Europe as fuel prices jump after Iran war

Demand at online marketplaces could settle at a new, higher normal, with the crisis leaving consumers ‘scarred’

Car buyers’ interest in electric cars has surged across Europe since the start of the war in Iran, as the rising cost of petrol highlights the cheaper power available from a plug.

Online marketplaces in the UK, Germany, France and Spain reported huge increases in inquiries about electric vehicles since the start of the conflict in February.

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GSK reports promising early results in ovarian and womb cancer drug trial

Mo-Rez reduced or eliminated tumours in over 60% of patients and is expected to be a blockbuster drug

GSK has revealed positive results for a treatment for gynaecological cancers as its chief executive, Luke Miels, seeks to speed up drug development at the group.

The company said that in an early-stage trial Mocertatug Rezetecan, known as Mo-Rez, shrank or eliminated tumours in 62% of patients with ovarian cancer where chemotherapy had failed, and in 67% of those with endometrial cancer.

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Collapse of US-Iran talks heightens fears of prolonged energy shock

Oil prices and borrowing costs are expected to rise this week as tankers remain stranded in the Gulf

The failure of the US and Iran to reach a peace deal after marathon negotiations has put markets on alert for further oil and gas price rises.

With large numbers of oil tankers remaining stuck in the Gulf, the US vice-president, JD Vance, blamed the collapse of the talks on Tehran’s refusal to abandon its nuclear weapons programme, while Iranian sources hit back at “excessive” demands from Washington.

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Chalmers warns of ‘more polarising politics’ – as it happened

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Seven-year-old girl drowns at swimming spot on Brisbane River

A seven-year-old girl has drowned at a popular swimming spot on the Brisbane River in the south-west of the city, AAP reports.

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Record number of homes in Great Britain turn to green energy as fuel prices soar

Iran war drives demand for solar panels, heat pumps and EVs, with energy bills expected to rise 18% from July

British households are turning to green home energy upgrades in record numbers to try to keep bills down as the Iran crisis sends global oil and gas prices soaring, data from leading energy suppliers suggests.

Figures show demand for solar panels, electric vehicles and heat pumps in Great Britain has leapt since the war began on 28 February, as households brace for a sharp increase in monthly payments when the next energy price cap takes effect in the summer.

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McDonald’s CEO blames mother’s etiquette training for awkward burger bite in video

Chris Kempczinski’s taste test was mocked online, to which he said his mother had taught him: ‘Don’t talk with your mouth full’

The chief executive officer of McDonald’s recently blamed etiquette guidance from his mother for a February on-camera taste test that made him a target for ridicule – and summarily recorded another video of him eating one of the fast-food giant’s offerings in a manner potential consumers found awkward.

Chris Kempczinski suggested to the Wall Street Journal (WSJ) earlier in April that he was simply heeding maternal advice to never talk with his mouth full when he took the humorously small bite at the center of a viral video which depicted him discussing and sampling the new Big Arch burger from McDonald’s.

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Fears of UK and EU flight cancellations as airports warn of jet fuel shortages

Summer holidays could be hit unless oil flows through strait of Hormuz recommence within three weeks

Airports have warned that jet fuel could run short within three weeks in Europe if oil supplies do not start to flow through the strait of Hormuz, raising concerns over flight cancellations in the UK and EU going into the summer holiday season.

Jet fuel shortages will become so acute without the resumption of supplies from the Middle East that cancellations across Europe will be inevitable, disrupting travel plans for potentially millions of passengers.

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Starbucks’s retail arm gets £13.7m tax credit even as sales increase

Credit can be used to offset future bills as full-year losses at UK division widen to £41.3m and it adds 92 stores

Starbucks’s UK retail arm received a £13.7m corporation tax credit last year, even as its sales increased 6% and it added more than 90 stores.

The credit, which can be used to offset future tax bills, comes after losses widened to £41.3m in the 12 months to the end of September – almost matching the £40m it paid in royalty and licence fees to its parent company.

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