Bank of England warns Iran conflict could trigger 2008-style financial crisis

Bank of England Governor Andrew Bailey has warned that conflict involving Iran could help trigger a financial crisis similar to 2008, pointing to risks in the $3 trillion private credit market. He said Britain is already facing an energy shock and volatile debt markets, and that private credit has grown quickly with lighter regulation and limited direct oversight. Bailey said the sector has not yet been tested in severe stress, and recent failures and investor withdrawals suggest confidence may already be weakening.

Turkey Says NATO Is Not Required to Reopen the Strait of Hormuz

Turkey’s trade minister told Euronews that NATO is not obliged to intervene to reopen the Strait of Hormuz, even as President Trump has given NATO countries days to come up with a solution. Turkey is the alliance’s second-largest military power.

Google Adds Cookie Theft Protections to Chrome

Google is rolling out new Device Bound Session Credentials in Chrome to make stolen session cookies useless by cryptographically tying authentication to a specific device.

Arsenal, Manchester United and Chelsea monitor Aston Villa's Morgan Rogers ahead of summer window

Aston Villa midfielder Morgan Rogers is being tracked by Arsenal, Manchester United and Chelsea ahead of the summer transfer window, with Villa valuing him at about £80 million. The 23-year-old has 24 goals and 23 assists since the start of last season and is expected to play a central role for England at the World Cup, which could shape any move. Villa have him under contract until 2031, have no release clause to worry about, and may be reluctant to sell unless the fee also helps with their financial pressures.

M25 Closed After HGV Spills Fuel, Causing Major Delays

Drivers are facing significant delays on the M25 after a broken-down HGV spilled about 250 litres of fuel across all three lanes. The anti-clockwise carriageway is closed between Junction 5 at Sevenoaks and Junction 4 at Bromley while emergency resurfacing is carried out, with National Highways warning the disruption is likely to last until at least this afternoon. Diversions are in place, and delays are also building on nearby roads.

Microsoft Finds a Vulnerability Affecting Millions of Android Crypto Wallet Users

Microsoft says it found a security flaw in an EngageLab software development kit that could expose millions of Android crypto wallet users. The company reported the issue to the vendor a year ago.

Putin Announces Easter Ceasefire After Weeks of Kyiv’s Calls for One

Moscow has announced what it called a unilateral Easter truce, after repeatedly ignoring Kyiv’s calls for a ceasefire over the holiday weekend around April 12. The timing is doing a lot of work here.

Ukraine prepares mass production of interceptor drones and expands Gulf security ties

President Volodymyr Zelenskyy says Ukraine is preparing to start mass production of interceptor drones designed to shoot down fast-moving aerial threats, including jet-powered drones. He also said Kyiv is expanding long-term security partnerships in the Middle East, as Ukraine pushes both its battlefield defenses and its defense cooperation abroad.

Noem’s Close Aides Are Put on Leave After Her DHS Exit

Kristi Noem’s move out of the Department of Homeland Security has triggered a staff shake-up. Three former DHS aides who followed her to the State Department were placed on paid leave and not kept on, according to a source, as officials reportedly tried to avoid carrying over the turmoil tied to her tenure. About 10 staffers made the move with Noem, but only the more junior aides were allowed to stay.