International News
Oil Prices Fall Back As ‘Hopeful’ Tehran Responds To Trump
Shares dipped, and oil prices dropped back on Tuesday as Tehran gave an encouraging response during talks with US officials in Geneva on Iran’s nuclear programme, after days of escalating rhetoric from President Donald Trump.
Oil prices had earlier risen after Trump ramped up threats towards Iran, a large crude producer, but Iranian Foreign Minister Abbas Araghchi said “a new window of opportunity has opened”.
“We are hopeful that negotiation will lead to a sustainable and negotiated solution,” he said, though he said “Iran remains fully prepared to defend itself against any threat or act of aggression”.

West Texas Intermediate was down 0.2 percent at $62.75 per barrel after earlier jumping 1.5 percent, while international benchmark Brent North Sea Crude slipped 1.4 percent to $67.64.
“There’s speculation that Iran could agree to dilute its most highly enriched uranium in exchange for the full lifting of financial sanctions, but it’s not clear if that will be enough to seal a deal between the two parties,” said Aarin Chiekrie, analyst at Hargreaves Lansdown.
Wall Street was off in early trading with the tech-heavy Nasdaq giving up one percent and the Dow sliding around 0.3 percent, and the broader-based S&P 500 was off 0.2 percent.
“Insurance brokers, wealth advisors, real estate services, and logistics were all in the firing line last week, and investors are cautiously watching for what slice of the market could be next on the AI hit list,” Chiekrie added.
European stocks steadied in early afternoon deals after Tokyo closed lower, with Chinese markets again shut for the Lunar New Year.
In foreign exchange, the dollar rose against the British pound as official data showed UK unemployment rising to a five-year high.
Analysts said the reading of 5.2 percent for the final quarter of last year increased the likelihood of the Bank of England cutting its benchmark interest rate next month.
The greenback was also higher versus the euro but fell against the yen.
Europe’s biggest economy Germany, is unlikely to rebound in 2026 as geopolitical uncertainty, high cost,s and weak domestic demand weigh on growth, the country’s Chamber of Industry and Commerce said Tuesday.
Germany returned to weak growth in 2025 after two years of recession.
– Key figures at around 1445 GMT –
New York – Dow: DOWN 0.3 percent at 49,366.16 points
New York – S&P 500: DOWN 0.2 percent at 6,820.63
New York – Nasdaq: DOWN 1.0 percent at 22,486.46.
London – FTSE 100: UP 0.4 percent at 10,517.01
Paris – CAC 40: UP 0.3 percent at 8,343.55
Frankfurt – DAX: UP 0.4 percent at 24,897.35
Tokyo – Nikkei 225: DOWN 0.4 percent at 56,566.49 (close)
Hong Kong – Hang Seng Index: closed for holiday
Shanghai – Composite: closed for holiday
Euro/dollar: DOWN at $1.1820 from $1.1854 on Monday
Pound/dollar: DOWN at $1.3526 from $1.3630
Dollar/yen: DOWN at 153.40 yen from 153.48 yen
Euro/pound: UP at 87.40 pence from 86.98 pence
West Texas Intermediate: DOWN 0.2 percent at $62.75 per barrel
Brent North Sea Crude: DOWN 1.4 percent at $67.64 per barrel.
AFP
International News
Norway To Ban Social Media For Under-16s
Norway said Friday it will present a bill this year making it the latest country seeking to ban social networks for under 16s, adding that technology companies will be responsible for verifying the age of its users.
“We are introducing this legislation because we want a childhood where children get to be children. Play, friendships, and everyday life must not be taken over by algorithms and screens,” Prime Minister Jonas Gahr Store said in a statement.
“This is an important measure to safeguard children’s digital lives,” he added.
Several European countries, such as France, Spain, and Denmark have already said they will introduce a digital age of majority for social networks and others like Australia and Türkey have already done so.
The European Commission has also made clear its determination to take action to protect children and adolescents, notably by unveiling in mid-April an age-verification app that will soon be made available to European citizens.
“I expect technology companies to ensure that the age limit is respected. Children cannot be left with the responsibility for staying away from platforms they are not allowed to use,” added Norwegian Minister of Digitalisation and Public Governance Karianne Tung.
“That responsibility rests with the companies providing these services. They must implement effective age verification and comply with the law from day one”.
The government said the number of children with phones or using social media had declined due to a host of measures it had already taken, including “national screen-time guidelines and recommendations for mobile-free schools.”
International News
Trump envoy wants Italy to replace Iran at World Cup — Report
An envoy to US President Donald Trump has asked world football’s governing body FIFA to replace Iran with Italy at the World Cup, according to the Financial Times.
US special envoy Paolo Zampolli told the FT it would be a “dream” to see four-time World Cup winners Italy at the finals in the United States, Mexico and Canada despite the fact they lost in a qualification playoff last month.
The suggestion was an effort to repair ties between Trump and Giorgia Meloni after the Italian prime minister fell out with the president after criticising his attack on Pope Leo XIV over the Iran war, the newspaper reported.
“I confirm I have suggested to Trump and (FIFA President Gianni) Infantino that Italy replace Iran at the World Cup. I’m an Italian native, and it would be a dream to see the Azzurri at a US-hosted tournament. With four titles, they have the pedigree to justify inclusion,” Zampolli told the FT.
Italy missed out on the World Cup for the third successive time after losing a penalty shootout to Bosnia and Herzegovina in their qualifying playoff final.
Iran’s participation in the World Cup has been thrown into doubt by the war with the US and Israel that broke out on February 28.
The Iranian football federation (FFIRI) had said in April it was “negotiating” with FIFA to relocate the country’s World Cup matches from the United States to Mexico.
But Infantino told AFP last month, while attending Iran’s friendly against Costa Rica in Turkey, that Iran will be at the World Cup and that they will play “where they are supposed to be, according to the draw”.
Zampolli is an Italian-American socialite, businessman and former modelling agent who claims to have introduced Trump to his current wife, Melania Trump.
International News
5 Key Players Barca Will Let Go This Summer
Barcelona are set to let five key players leave the club this summer, as they plan a squad overhaul, according to reports.
The Blaugrana are currently sitting nine points clear at the top of LaLiga, and are set to romp to a second consecutive title ahead of rivals Real Madrid.
However, after more disappointment in the Champions League, in which they were dumped out by Atletico Madrid, Hansi Flick and the board at Barcelona are preparing to rebuild their squad at the end of the campaign.
Spanish media outlet Marca are reporting that there are five players who have ‘completed a cycle at the club’ and will likely be moved on come the summer.
Marcus Rashford is one of those players. Barcelona can buy the 28-year-old, who is on loan from Manchester United, for £26million under the terms of the deal, but reports have emerged that they are not willing to exercise that option.
The 28-year-old has contributed 12 goals and 13 assists this season to help the Catalan giants run rampant in LaLiga, and as recently as last week, it was believed that Barca would like to keep him.
However, they have made a failed bid to renegotiate the £26m fee with United, who are refusing to budge on the clause which expires on June 15 – four days after the World Cup kicks off in North America.
It means there is a strong chance that Rashford will be forced to return to his boyhood club following England duty if he is selected for the tournament this summer.
Another attacker who seems set for the exit door is none other than Robert Lewandowski.
The Pole, who joined Barcelona from Bayern Munich in 2022, is out of contract in the summer, and there has been little indication that he will sign a new deal at the club.
It is believed that both Lewandowski’s ‘age and recent physical problems’ have thrust his future at Barca into doubt.
Barcelona are said to be looking at freeing up some financial legroom, and for that reason, they want to offload stars on big wage packets.
One of those players is Frenkie de Jong, who is understood to be on just under €400,000 (£348,000) per week, and Marca suggest that he could be sold to ‘ease the financial burden’ on the Spanish giants.
Former Chelsea defender Andreas Christensen and La Masia graduate Marc Casado are also said to be on the proverbial chopping block.
Christensen played 161 games in six seasons with the Blues before making the move to Catalonia in 2022 on a four-year deal. That deal is now set to expire, and there are no plans for an extension at this moment in time.
Casado, however, still has two years left on his contract, but due to a lack of minutes, could be forced to find a new club.
The defensive midfielder has failed to break into the team ahead of Pedri, Eric Garcia, and Gavi, and has started only one of the last eight LaLiga games.
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