shock

AT 36, Millie Mackintosh is navigating divorce for the second time in her life, after her seemingly fairytale marriage to Hugo Taylor collapsed earlier this year.

It’s the latest hurdle after a difficult few years, which has seen the star quit drinking and come to terms with an ADHD and anxiety diagnosis, which she had previously numbed with booze and prescription drugs. As she faces the pitfalls of divorce, insiders tell us why she has been left worrying about money and the lengths she’s gone to, to protect herself.

After seven years of marriage, Millie and Hugo, who are parents to Sienna, five, and Aurelia, four, filed for divorce earlier this month. The pair are yet to comment on the break-up but insiders suggested that Millie’s massive lifestyle overhaul played a part in the decision.

Suddenly, Millie, who is worth roughly £6million from her various business ventures over the years, went from a shared income with Hugo, who runs a luxury eyewear company, to fending for herself once again.

Hugo is thought to be worth around £4million – he launched luxury eyewear brand Taylor Morris off the back of his MIC fame, and it’s been a huge hit with the likes of everyone from David Gandy to the Beckhams.

An insider explained: “Millie has always made her own money; she didn’t rely on Hugo, but it is, of course, very different when there are two people instead of just one.

“Almost overnight, friends noticed a huge difference in her spending habits. Suddenly, she started to cut back and seemed to be really thinking about what she was buying.

“She’s worked so hard for what she’s created, and it’s terrifying not knowing what will happen. It’s causing her crippling anxiety.

“It’s very surprising to see someone like Millie fretting about money, but like any couple who has separated, it’s a shock to the system, and it will take time and effort working out how she will maintain her current lifestyle.”

Most people know Millie as one of the original cast members of Made In Chelsea – the reality show about some of London’s wealthiest 20-somethings.

She was billed as a chocolate heiress when she first burst onto the scene in 2011, but was determined to be known as more than that. 

Her great-great-grandfather, John, was a Victorian entrepreneur, known as the Toffee King, who created Mackintosh’s sweet company.

A generation later, her great-grandfather and his brother invented Quality Street, which Brits know and love today, but they sold it in 1988.

Millie insisted: “People severely overestimate how wealthy I am.

“I’m routinely referred to as the heir to the Quality Street fortune, as though I hit 21 and inherited millions. If only.

“It’s not as if I get a cut every time someone eats a toffee. My family sold the business years ago. I’m comfortable, but I don’t live a flash life.”

Millie, real name Camilla, definitely has a comfortable life – her parents, Nigel and Georgina, brought her up in a  £1.4million townhouse in Bath.

And as soon as she was old enough, Millie started working. She was a waitress at first and was working in Space NK when she was approached about her place on MIC when she was just 21. 

She famously dated Hugo on the show, but then met and fell in love with rapper Professor Green. They married in  2013 and split in 2016.

It was a rocky relationship, with Pro Green — real name Stephen Manderson — recently admitting that he had nearly “called off” their nuptials, but they had both felt “pressured” to go through with it.

A decade on from the split, Millie and Pro have reconnected and have bonded over both being diagnosed with ADHD in recent years.

Speaking on Jamie Laing’s Great Company podcast last October, Pro branded her “beautiful”, but added that the pair were toxic for one another at the time of their marriage, describing it as a “trauma bond”.

In another interview, he admitted their quickie divorce had been costly for him.

He told John Bishop: “You know what they say about divorce, it’s expensive, you know why? Because it’s worth it.

“I can’t stop working right now, my mortgage isn’t paid, I am not a house owner. The bank own my house, I own a percentage of it depending on where it sits in the market.”

The summer after their split, she rekindled things with Hugo, and it looked like they would last forever.

Second marriage split

News of their split came as a surprise, but insiders have suggested the writing had been on the wall for some time.

Millie had changed a lot in recent years – she has been open about her massive lifestyle overhaul after quitting drinking in 2022, then dealing with the ADHD and anxiety she had previously numbed with booze and prescription drugs.

What’s more, she revealed last year that, having grappled with her sexuality, she had finally admitted to herself and Hugo that she was also attracted to women.

The pair have now both appointed legal teams and have quietly started divorce proceedings.

A pal said: “Fans will be sad to hear that their relationship is really over, but the pair just want a clean break.

“Millie and Hugo are committed to co-parenting their two young children and keeping everything stable. They are still very amicable with each other and have a lot of respect for one another.

“They want the divorce to go through as painlessly as possible and are focusing on work in the meantime.”

They want the divorce to go through as painlessly as possible

Pal

Millie has always been a grafter – she swiftly turned her reality TV fame into an online following as an influencer, which paved the way for many after her.

She launched her own fashion brand in 2014, proudly saying at the time: “I invested my own money into setting it up.

“I own it, I model it, and they’re my designs. So I would say, yeah, I’ve kind of created my dream.”

But by 2018, the dream was over, and she lost £178,000 of her own money when the company became unsustainable.

It didn’t stop her, though, and she transformed into a lifestyle influencer, with brand deals popping up left, right and centre.

Our insider says: “Don’t be surprised if you see more and more collaborations on Millie’s social media. Her arms are very open to any opportunities that come her way.”

She even wrote a book – Bad Drunk – about her boozing issues.

She has been sober now for over three years and admitted that one of the ways she realised it was such a problem was the fact that it was “stealing her money”.

It hasn’t been an easy road to being financially secure, and the work/life juggle has proved tricky at times since she became a mum.

As a self-employed woman, Millie went back to work just three months after Sienna’s birth and, while it was difficult, she believes it was the best thing for her.

She says she gets up at the crack of dawn to get a head start on emails and tasks.

She explained: “Since becoming a mother, I really want to get the most out of work.

“Your time is your most valuable thing.

“I get up at 5am so I feel I can start my day early enough to get everything I need to do, done.”

She admits she got the “balance wrong” at first when it came to juggling work with kids.

“It weighed on me quite a lot,” she says.

“So I was actually doing some work around this in therapy, and I figured out that my weeks weren’t structured in a way that was beneficial for me and my mental health.

“I had to change the balance.

“And I now have blocked out time in my diary every week, and the kids know that I won’t be working in that time.”

The juggle has no doubt been even harder since her split from Hugo, and just a few days ago, she candidly spoke about her fears, saying: “I think recently I have found it really hard to know how to show up online because of things I’ve got going on in my personal life that I am not going to share online.

“But because I do usually share so much of my life, I felt like this gap, this resistance to posting and like letting you guys in.”

Millie certainly seems to be well aware that sharing her life with fans is helping to pay her bills at the moment, but just how much she will share is yet to be seen.

One thing is for certain, though, with her divorce looming, there is likely to be another very big bill on its way. 

COMEDIAN and actor Alex Duong has died aged 42 after a year-long battle with cancer.

The funny man was known for his appearances on Jeff Ross Presents Roast Battle and Blue Bloods.

A close friend who was by his side confirmed to TMZ that Duong passed away 11am Saturday at St. John’s Hospital in Santa Monica, California, surrounded by family and friends.

Duong reportedly went into septic shock Friday night.

He was diagnosed with alveolar rhabdomyosarcoma – a rare and aggressive cancer – last year.

A biopsy found an extremely aggressive tumour after he had experienced headaches behind his eye.

He eventually lost sight in his left eye.

In August, his comedians contemporaries hosted the The Alex Duong Has Cancer In His Eye Comedy Benefit Show in LA.

Ronny Chieng and Atusko Okatsuka were among the comedians involved.

He leaves behind his wife Cristina and daughter Everest, 5.

Duong grew up in Dallas, Texas as the youngest of six children.

He graduated high school and went on to pursue medicine before finding success in the creative industries.

His writing about the Vietnam War gained him meetings with producers in California, according to IMDB.

Duong left school to pursue a feature development deal with Melody Phan of Zenoost Media.

More to follow… For the latest news on this story keep checking back at The Sun Online.

Thesun.co.uk is your go-to destination for the best celebrity news, real-life stories, jaw-dropping pictures and must-see video.

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OLIVIA DEAN proved she’s unstoppable after sweeping the MOBO Awards – just weeks after dominating the Brits.

The singer scooped Best Female Act, Album Of The Year for The Art Of Loving and Song Of The Year for Man I Need, cementing her reign at the top.

It means Olivia has now cleaned up at two of the biggest nights in British music in a matter of weeks – a seriously impressive streak.

Fresh from her chart-topping success, she also wowed with a stunning performance of A Couple Minutes, marking the song’s first televised outing.

There was another huge moment when Alesha Dixon made a surprise appearance to present Album of the Year to Olivia.

Elsewhere, Jim Legxacy took Best Male Act, Central Cee won Best Hip Hop Act and Raye picked up Video Of The Year, while Flo continued their rise with Best R&B/Soul Act.

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Topless Tallia Storm, Olivia Dean & Leigh-Anne Pinnock wow on MOBOs red carpet

THE OLIVIA AWARDS

Olivia Dean crowned queen of the Brit Awards as she scoops four gongs

Special honours went to Pharrell Williams and Slick Rick, with the latter also taking to the stage.

Performances were just as big, with Flo debuting new music, Aitch bringing out schoolkids to join him on stage, and a huge Grime 25 medley featuring Chip and Wiley.

The star-studded night drew a huge crowd, with Leigh-Anne Pinnock, Emeli Sande, Tinie Tempah and Love Island stars Indiyah Polack and Ella Thomas all spotted on the carpet.

Earlier in the day, I caught up with some of them on the VIP train from London, where DJ Davda had kicked the party off.

In an exclusive chat, Keisha Buchanan – who later presented an award alongside Little Mix‘s Leigh Anne – told me: “It’s always a vibe – they have the best parties.”

Teasing new Sugababes music, she added: “We have new music coming this year, sooner than people think.”

Indiyah and Ella were dancing through the aisles, with Ella even bringing her dog along for the ride as the carriage turned into a rave.

Meanwhile, Tobi Brown kept it real, saying: “I don’t function this early.”

• The bash airs on BBC One at 11.25pm tomorrow night

JANE Fallon has revealed she has undergone surgery following her shock breast cancer diagnosis.

The author, who is the partner of Ricky Gervais, told fans earlier this month that she was suffering with breast cancer, despite having no symptoms before the diagnosis.

Now, Jane has confirmed that her operation is over and assured fans she is feeling in high spirits after the procedure.

Sharing some snaps of herself from hospital, Jane wrote to X: “So… I had my op today.

“I’m feeling remarkably fine, which is possibly the drugs & that might also explain why I’m cross eyed in pic 4).

“I had quite a lovely couple of hours drinking tea & reading the brilliant @CatSteadman ‘s new one (more on that later).”

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Jane also shared an update on when she will get the all clear, explaining that it will be at least a further week.

She said: “The popsox have to stay on for 48 hours so that’s nice.

“Then 8-10 days wait for confirmation that they’ve got it all & the margins are clear (small % chance of more surgery if not).”

She is now resting up at home with the support of cat Pickles.

Jane has been with comedian Ricky for over 40 years, with the couple meeting back in 1982.

She is known for career as an author, having penned books such as Getting Rid of Matthew, Got You Back, Queen Bee, Worst Idea Ever, and Faking Friends. 

Revealing her breast cancer diagnosis earlier this month, Jane assured fans not to “panic” and said her prognosis was “excellent”.

She said on Instagram: “About a month ago I was diagnosed with breast cancer – very early stage thankfully & the prognosis is excellent.

“I had a routine mammogram a week before Christmas. I had no symptoms but the brilliant radiographer spotted something iffy & sent me for further tests & eventually a biopsy.

“Since then I’ve had more mammograms, more biopsies and an MRI so they can pinpoint the problem area precisely. It’s been a lot, I’m not going to lie.”

The star added that she has been under “incredible” care.

First came the energy shock. Now, the Iran war is hitting something even more basic: Food.

With the Strait of Hormuz blocked, vessels are being rerouted and supply chains are under strain.

The disruption is pushing up the costs of almost everything from factories to supermarket shelves thousands of miles away.

The longer the Iran conflict continues, the greater the pressure on businesses and consumers worldwide.

The United Nations warns that rising food, oil and shipping costs could push an additional 45 million people into acute hunger – taking the global total above its record of 319 million.

ALFIE Boe – one of the nation’s favourite tenors – will be unleashing his inner rock god on new album Face Myself.

The record, out on April 10, is inspired by his love of the Madchester era and was produced by Myriot, who previously worked with Primal Scream.

In an exclusive chat, Alfie revealed the album’s title track pays tribute to late Stone Roses bass player Gary “Mani” Mounfield.

The classical singer said he spent his weekends travelling up to Manchester as a teenager to immerse himself in the music scene, where the Stone Roses launched hits such as I Wanna Be Adored. Alfie said: “At the time I was writing that song, Mani passed away.

“So I had to put a tribute in the song. I changed the lyrics to say, ‘For good old Mani, he played it right’.”

The high-energy track, which is released today, also name checks Liam and Noel Gallagher’s childhood home on Cranwell Drive and celebrates the Madchester spirit.

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On the track he sings: “Dreams are grown in Burnage sky, a golden past that made us cry.

“The prom is glorified with lights, for good old Mani, he played it right. Those Cranwell boys, they sang along.”

As a teen, Alfie, who has clocked up 12 Top Ten albums including four No1s, joined an indie band and later found himself exploring classical music.

“I was in an indie band called The English Roses,” Alfie said with a laugh. We were going to go on tour and I was going to be the drummer. But there was school to attend, which was fine, but then I joined lots of other little bands.”

Alfie’s new album is made up of mostly original material and he was inspired to start writing by his pal, The Who’s Pete Townshend.

And the Les Miserables stage fave says the record is all about facing his past, adding: “I thought, what is it about me I have to face?

“It was my childhood, my teenage years, and what got me to where I am today. It’s been a wonderful journey.”

Dua’s full of beans

Dua Lipa has a hefty cheque coming her way, plus a lifetime’s supply of coffee I imagine.

She’s signed up to be global ambassador for Nespresso and posed in blue co-ords to promote the new tie-in. Dua also had a snap with George Clooney, long-time face of the brand.

Greg heading to £2m…but pleads for Wills’ help again

Greg James continues his mammoth 1,000km cycle ride for Comic Relief after getting the royal seal of approval from Prince William.

He was given a boost on Tuesday, when the Prince of Wales hopped on the back of the Radio 1 DJ’s tandem.

As I caught up with Greg yesterday from the Yorkshire Moors, he said he wished William had stuck around.

Greg, resting up on a wall, below, said with a laugh: “I could’ve done with his legs today. Wills, if you’re reading this, help.”

He has remained incredibly upbeat despite the physical and mental toll the challenge is taking.

And he has been buoyed by the incredible donations from the public, which last night was creeping towards the £2million mark. Greg, who set off from Dorset last Friday and is pedalling all the way to Edinburgh, said: “The hills are very, very difficult today.

“But there was a really nice crowd of people shouting at me at the top.

“The good news is we’ve raised over £1.5million, which is an absurd amount. I’d be happy with that if it was the final total but we’ve got three days left.”

He starts his ride from Sunderland this morning with two full days to go.

Tomorrow he will begin his final push, cycling from Galashiels in the Borders to Edinburgh, where he is set to arrive in time for Comic Relief to start on BBC One at 7pm. You can do this, Greg!

Go to comicrelief.com/ride to make a donation.

Placebo are making a comeback for the 30th anniversary of their debut album, which they have reworked into a new version.

Placebo re:created will be out on June 19.

They will then kick off a European tour this September playing songs from their first two albums, with dates in Nottingham, Glasgow, Dublin, Manchester, London and Cardiff in November and December.

Big cat in Africa

Doja Cat showed her wild side in clashing animal prints while on stage in Rwanda.

The Say So rapper, who wore a blue wig with a tiger-striped bodysuit, was performing at Global Citizen’s Move Afrika concert.

She sounded great, despite her carefree lifestyle.

In a new interview with Vogue yesterday, Doja admitted she’s had to curb bad habits for the sake of her live shows.

She said: “I love trash – I’m Oscar the Grouch. I love to eat garbage, and I love to drink, and I love to party.

“Not too hard, obviously. I don’t do any drugs.”

Doja, who had a romance with actor Joseph Quinn in 2024, went on to reveal she is a serial dater, adding: “I’m 30, so I’m ovulating and horny.”

At least she tells it how it is.

Mosh-pit memories with trust

The Teenage Cancer Trust is staging a photo exhibition at the Royal Albert Hall to mark the joys of mosh pits.

Musicians including Yungblud, Wolf Alice, Fontaines DC and The Sex Pistols ft Frank Carter are featured in the show, called Good Energy.

It highlights “good energy”, which is the code used by fans to look after each other in the crowd. Frank said of his pic: “It was taken in the Royal Albert Hall.

“To play there with the Sex Pistols was a dream come true. Seeing a mosh pit inside such a venue felt like the definition of Good Punk Energy.

The exhibition runs until April 9. Buy signed copies of the prints at teenagecancer trust.org/good.

One direction’s Louis Tomlinson confessed the band’s debut No1 single, What Makes You Beautiful, was his least favourite track. He told Scott Mills’s Radio 2 show: “Performing it was always really eggy.”

Louis also took aim at the handling of 1D’s split, adding: “Hiatus, what a horrible word. It’s cringey, screams management.”

Princess is really made up

Harper Beckham has competition from another nepo baby when it comes to her upcoming beauty brand – Katie Price and Peter Andre’s daughter Princess.

The Sun told last week that Harper had taken part in a photoshoot for beauty brand Hiku by Harper, which is expected to launch in the coming months. Now Princess is following suit.

She said on the Not My Bagg podcast: “I’ve been working on it for ages. I was in Liverpool three days ago.

“I went up for a photoshoot for my beauty brand, which is so good. It’s being released this year.

I’m so excited. I’ve always wanted to be involved in some sort of business. Make-up, I love, so it had to be that.”

OSCARS host Conan O’Brien has taken a dig at Timothee Chalamet in his opening speech after the actor’s controversial comments about the arts.

The Marty Supreme star found himself facing serious backlash after claiming “no one cares” about opera or ballet.

Conan, 62, kicked off the Oscars with a dig at Timothee, 30, as he smiled and laughed next to girlfriend Kylie Jenner, who arrived at the show dressed to the nines in a slinky red gown.

He joked about heightened security amid ongoing uncertainty in the world, pointing to an unexpected source of tension.

The former late night TV host quipped: “Security is extremely tight tonight…I’m told theres concerns about attacks from both the opera and ballet communities.”

He looked down at Timothee, who was giggling slightly.

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Kylie, 28, shifted slightly in her seat, smiling although she looked slightly uncomfortable.

Conan then added: “They are just mad you left out jazz!”

Later in the show, the Conan O’Brien Needs a Friend host circled back with Timothee, seemingly trying to smooth things over.

“I’m vibing with Timothee right now, we’re vibing, right?!” he asked, looking down at the Willy Wonka actor.

The camera did not pan to the star, but it doesn’t seem like he was feeling the same vibe.

Conan added: “He doesn’t think so, alright!”

At this point, Timothee must be somewhat used to the blowback.

He’s been taking heat for his comment for days now.

The Oscar-nominee was chatting with Matthew McConaughey at the University of Texas about efforts to preserve cinema back in February.

“I don’t want to be working in ballet, or opera, or things where it’s like, ‘Hey, keep this thing alive, even though like no one cares about this anymore’,” he said.

“All respect to all the ballet and opera people out there,” he added.

Since then, he’s taken heat from ballet and opera stars, as well as other big figures in Hollywood.

Steven Spielberg, for example, disagreed vehemently.

According to Page Six, he said of the arts during a 2026 SXSW panel: “At the end of a really good movie experience, we are all united with a whole bunch of feelings that we walks into the daylight with, or into the nighttime with.

Biggest Oscar Nominees of 2026 Academy Awards

Everyone in Hollywood hopes to snag a nod on the industry’s biggest night but only few get that honor. Here are the nominees from the major categories of the 2026 Academy Awards:

Best Picture

• Bugonia
• F1
• Frankenstein
• Hamnet
• Marty Supreme
• One Battle After Another
• The Secret Agent
• Sentimental Value
• Sinners
• Train Dreams

Best Director

• Chloé Zhao — Hamnet
• Josh Safdie — Marty Supreme
• Paul Thomas Anderson — One Battle After Another
• Joachim Trier — Sentimental Value
• Ryan Coogler — Sinners

Best Actor (Leading Role)

• Timothée Chalamet — Marty Supreme
• Leonardo DiCaprio — One Battle After Another
• Ethan Hawke — Blue Moon
• Michael B. Jordan — Sinners
• Wagner Moura — The Secret Agent

Best Actress (Leading Role)

• Jessie Buckley — Hamnet
• Rose Byrne — If I Had Legs I’d Kick You
• Renate Reinsve — Sentimental Value
• Emma Stone — Bugonia
• Kate Hudson — Song Sung Blue

Best Supporting Actor

• Benicio Del Toro — One Battle After Another
• Jacob Elordi — Frankenstein
• Delroy Lindo — Sinners
• Sean Penn — One Battle After Another
• Stellan Skarsgård — Sentimental Value

Best Supporting Actress

• Teyana Taylor — One Battle After Another
• Wunmi Mosaku — Sinners
• Amy Madigan — Weapons
• Elle Fanning — Sentimental Value
• Inga Ibsdotter Lilleaas — Sentimental Value

Best Original Screenplay

• Bugonia — Yorgos Lanthimos & Will Tracy
• Marty Supreme — Josh Safdie & Ronald Bronstein
• One Battle After Another — Paul Thomas Anderson
• Sentimental Value — Joachim Trier & Eskil Vogt
• Sinners — Ryan Coogler

Best Adapted Screenplay

• Blue Moon — Richard Linklater & Glen Powell
• Frankenstein — Guillermo del Toro
• Hamnet — Chloé Zhao
• The Secret Agent — Kleber Mendonça Filho
• Train Dreams — Clint Bentley & Greg Kwedar

Best Animated Feature

• Arco
• KPop Demon Hunters
• The Magnificent Life of Marcel Pagnol
• Zootopia 2
• The Night Gardener

Best International Feature Film

• The Secret Agent — Brazil
• Sentimental Value — Norway
• It Was Just an Accident — Iran
• Universal Language — Canada
• Sujo — Mexico

Best Documentary Feature

• The Alabama Solution
• Come See Me in the Good Light
• Four Daughters
• No Other Land
• The Perfect Neighbor

“And there’s nothing like that. It happens in movies, and in concerts. And it happens in ballet and opera, by the way.”

Timothee is nominated for two Oscars during the 2026 awards show.

He’s up for Best Actor for his role in Marty Supreme and Best Picture.

He will be up against Michael B. Jordan in Sinners; Leonardo DeCaprio in One Battle After Another; Wagner Moura in The Secret Agent; and Ethan Hawke in Blue Moon in the Best Actor category.

In Best Picture, Timothee is up against The Secret Agent, Bugonia, Train Dreams, F1, and Sinners.

The surge in oil prices triggered by the war in Iran is increasingly becoming a major concern for global central banks, which are closely monitoring the potential economic and financial consequences of the shock.

More than a week of conflict in the Middle East has disrupted energy supply routes and pushed crude prices sharply higher, raising fresh fears about inflation. For policymakers already grappling with fragile economic conditions, the oil spike presents a complex policy dilemma.

Historically, oil shocks have posed a difficult challenge for central banks. Rising energy prices can drive inflation higher while simultaneously weakening consumer spending and business activity by raising costs. In such circumstances, policymakers face an uncomfortable choice: tighten policy to control inflation or ease financial conditions to support economic growth and employment.

The current situation could potentially produce both outcomes at once, creating a scenario where inflation rises even as economic demand weakens a combination that complicates monetary policy decisions.

Inflation Versus Economic Growth

Central banks traditionally respond to inflationary pressures by raising interest rates or maintaining tighter monetary policy. Some policymakers argue that responding quickly to inflation triggered by an oil shock can prevent inflation expectations from becoming entrenched and reduce longer-term economic damage.

Others, however, advocate “looking through” temporary energy-driven price spikes, arguing that aggressive tightening could unnecessarily damage economic growth. This approach gained prominence after the pandemic, when many central banks initially viewed inflation as temporary a judgment widely criticised in hindsight.

The decision facing policymakers now depends on several uncertainties, including how long the conflict lasts, how severely energy supplies are disrupted, and whether governments intervene with subsidies or price caps to protect consumers.

Given these unknowns, many central banks may prefer to adopt a cautious approach, waiting to see how markets and economic conditions evolve before making significant policy adjustments.

Financial Stability Risks Enter the Picture

Beyond inflation and growth concerns, central banks must also consider a third responsibility that has gained prominence since the global financial crisis: financial stability.

Senior policymakers worry that the oil shock could expose vulnerabilities that have been building in global financial markets for years. A large macroeconomic disturbance involving energy prices, inflation, interest rates and currency volatility could trigger a broader financial stress event.

Much of the concern centres on the growing role of “shadow banking” institutions, financial intermediaries operating outside traditional banking regulation. These entities have become increasingly important providers of credit to companies and governments.

One major area of focus is the rapid expansion of private credit funds, which now manage more than $3 trillion globally. These funds allow asset managers to lend directly to businesses, often outside the scrutiny of public markets or traditional banking standards.

Regulators worry that during a major shock, investors could rapidly withdraw funds from these vehicles, potentially creating liquidity problems for borrowers and spillover risks for banks that help finance or manage the funds.

Pressure in Bond and Repo Markets

Another major source of concern lies in government bond markets, where highly leveraged hedge funds have become increasingly active. Many of these funds use repurchase agreements, or “repo” markets, to borrow money and finance large trades involving government bonds.

These strategies often rely on exploiting small price differences between cash bonds and futures contracts, but they involve substantial leverage. While such activity can help smooth government financing, it can also create systemic vulnerabilities during periods of market stress.

The Financial Stability Board, which monitors risks to the global financial system for the G20, warned earlier this year that sudden deleveraging in repo markets could disrupt sovereign bond markets.

More than $16 trillion in repo transactions backed by government bonds were outstanding last year, with about 60% concentrated in the United States. A sudden withdrawal of leveraged investors could therefore have significant ripple effects across global financial markets.

New Fragilities: Stablecoins and Technology Stocks

Regulators are also monitoring emerging risks linked to digital finance. Stablecoins cryptocurrencies pegged to traditional currencies such as the U.S. dollar have grown rapidly and are increasingly investing reserves in government bonds.

With the stablecoin market now worth roughly $300 billion and expanding, any loss of confidence in these assets could trigger large-scale sales of the bonds that back them. Such an event could add stress to already volatile financial markets.

At the same time, some investors remain concerned about high valuations and heavy market concentration in the rapidly growing artificial intelligence sector, which could amplify market volatility during periods of economic uncertainty.

Analysis: Oil Shock Could Trigger Wider Financial Stress

The Iran war oil shock illustrates how geopolitical crises can interact with financial vulnerabilities to create broader economic risks.

Higher energy prices directly increase inflation and strain household finances. At the same time, they can force central banks to reconsider interest-rate policies, potentially leading to higher borrowing costs and greater volatility in financial markets.

Such conditions could expose weaknesses in highly leveraged sectors of the financial system, particularly in shadow banking, hedge funds and digital financial markets.

Although previous shocks including the economic turmoil following Russia’s invasion of Ukraine did not ultimately trigger a major financial crisis, policymakers remain cautious. The brief turmoil in the U.S. regional banking sector in 2023 demonstrated how quickly financial stress can emerge when economic conditions shift.

If oil prices remain elevated and central banks are forced to respond aggressively, the resulting tightening of financial conditions could amplify existing vulnerabilities across markets.

For now, the disturbances appear manageable. But the combination of geopolitical conflict, energy market disruption and financial fragility ensures that central banks will continue to watch the situation with increasing concern.

With information from Reuters.

A Married at First Sight Australia groom made an unexpected joke during his wedding vows

A Married at First Sight Australia star has been left in floods of tears after her groom’s “arrest” speech.

The popular dating programme has made its comeback to E4 for its 13th series, introducing a new batch of brides and grooms seeking romance.

The show tracks singletons from around Australia as they entrust their romantic futures to experts Mel Schilling, John Aiken, and Alessandra Rampolla. Each couple meets for the very first time at the altar, and following their “I do” moment, they’ll find out whether they’re genuinely compatible as they navigate their new relationship.

Over multiple weeks, the newly married couples will go on their honeymoon, before setting up home together and participating in numerous challenges.

Four ceremonies have taken place already, with lots of explosive moments unfolding in the opening two episodes. The most recent episode aired on Wednesday (March 11), with two more couples getting matched by the experts, reports OK!.

The first pair consisted of 35-year-old account manager Bec, who characterised herself as a social butterfly who’s never afraid of commanding attention.

She had previously been engaged, but called it off four months ahead of the ceremony, describing it as the most difficult decision she’d ever made, though she felt proud for leaving a situation that wasn’t suitable.

Bec was paired with 34-year-old businessman Danny, who has called Australia home for 12 years since relocating from the UK. Danny was searching for his “ride or die” partner, a strong woman who ignites passion within him and never fails to make him laugh.

Upon meeting at the altar, Bec and Danny appeared pleased with their pairing, with Bec even sharing a joke with Danny’s stripper best man, Will. However, the atmosphere quickly shifted as Danny began his vows.

Danny started by expressing his devotion to his family and promised Bec he would care for her. He then quipped: “I’m looking for a Bonnie and Clyde type of love. With that being said, if I ever get locked up in prison, I’d like you to bail me out.”

Bec immediately pulled back after hearing Danny’s remark, telling cameras: “He seems like a really lovely guy, but I’m a just bit nervous to be honest with you. I think he may have mentioned in his vows if he gets arrested and what not. I know I can be quite wild and fun, but I really want to settle down and it makes me worried.

“I want to be matched with someone that’s serious about being with their forever person, not someone that’s out getting hammered, acting a fool to the point of getting arrested. I’ve given up everything and you’re mentioning getting arrested in your vows. I wanted to come on here to find love and I don’t know whether or not he wants that.”

Bec then broke down in tears, adding: “I just want something serious. I don’t want to be with anyone that gets arrested.”

She later confided in a producer: “I can just feel it, it’s not going to work. He’s not my husband, no way.” After seeing a different side to Danny during the reception, Bec later apologised to her new husband, with the couple sharing a passionate kiss.

Married at First Sight Australia airs Monday to Thursday on E4 at 7.30pm

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Coronation Street’s Megan Walsh will finally be exposed in upcoming scenes on the ITV soap, leaving Eva Price and her entire family shaken when they discover what she has been doing

Coronation Street‘s Megan Walsh will finally be exposed in upcoming scenes on the ITV soap. The teacher, played by Beth Nixon, has been carrying out an illicit affair with her student Will Driscoll as part of a controversial storyline on the ITV soap.

Will arrived with his family last October to move into the Rovers Return, and it was quickly established that Megan was his athletics coach but there was a lot more to it than just that. Megan eventually moved to Weatherfield, got a job at the local secondary school and has even started up a relationship with Daniel Osbourne (Rob Mallard) as a cover-up.

But spoilers have now revealed that Megan’s “past will come back to haunt her,” leaving Will’s stepmum Eva Price (Cathertine Tyldesley) to discover the truth about what she has been doing.

READ MORE: Emmerdale fans ‘solve what happens to Joe Tate’ after spotting new ITVX promoREAD MORE: Coronation Street’s Alya actress had Emmerdale star ex-boyfriend before split

Megan’s flatmate Leanne also looks set to weigh in on the harrowing situation, as her own stespon Sam Blakeman (Jude Riordan) has worked out what his going on between Will and Megan, and has received multiple threats from the villainous teacher. After the bombshell scenes, this will also leave Daniel wondering where he stands as he potentially comes to realise that his entire relationship was a lie.

Just weeks ago, Corrie aired a flashforward episode that revealed that Megan is one of five potential murder victims, along with fellow villains Jodie Ramsey, Carl Webster, Maggie Driscoll, and Theo Silverton. So will this all lead to the ultimate downfall for Megan or will the teacher actually face prison time for her crimes?

Coronation Street boss Kate Brookes recently explained that she the story was a “very important” one to tell. She said: “It’s a very important story to tell and we want to be as truthful as possible. As part of that story Sam will end up getting embroiled in it all.

“Sam is semi-related to the pub family and he potentially gets wind that something’s amiss. We will see the lengths that Megan will go to manipulate Sam into keeping quiet. It’ll be massively detrimental to Sam’s wellbeing.”

Meanwhile, for actress Beth Nixon, Coronation Street marks her television debut but she had actually auditioned for other parts on the soap before landing the role of Megan. Speaking to York College, Beth shared that the casting team had seen Beth in several shows at her drama school: the Arden School of Theatre in Manchester, so she was “kind of on their radar.”

Revealing her past audition history, Beth explained: “But I’d auditioned for Corrie twice before – as a baddie both times of course – including for the role of Lauren.” Actress Cait Fitton ended up being cast as Lauren, making her debut in 2022, and has remained on the show since.

Beth added: “Then, earlier this year, my agent sent me a casting brief and explained it was for a paedophile, which is a bit crazy to play because they’re obviously not a redeemable character, so they can push it pretty far.” After sending a self-tape Beth attended a chemistry test with other actors who were being considered to play Will. She then performed a scene on the set at The Bistro – and it turned out the bosses were rather impressed with her.

Beth – who was working as a skin clinic manager before joining Corrie – said: “I was at work when my agent called me. I was upstairs as my colleague watched the desk and, when he told me I’d got it, everybody in the clinic could hear me screaming my head off and then I cried, because it’s been four years since I graduated and this is my first TV role.

“It’s been a hard time and I was really close to quitting, having a normal job and pursuing a different career, so this just came at exactly the right time and when I needed it.”

Coronation Street airs weeknights at 8:30pm on ITV1 and ITV X. * Follow Mirror Celebs and TV on TikTok , Snapchat , Instagram , Twitter , Facebook , YouTube and Threads .

March 10 (Asia Today) — President Lee Jae-myung said Tuesday the government may prepare an early supplementary budget to cushion the economic impact of rising energy prices linked to the Middle East conflict.

Speaking at a Cabinet meeting in Seoul, Lee said additional fiscal measures could be necessary to support small businesses, struggling companies and vulnerable households if global energy shocks continue.

“To provide fiscal assistance and support for small business owners and vulnerable firms, we may inevitably need an early supplementary budget,” Lee said.

Lee also called for targeted support for lower-income households rather than a blanket reduction in fuel taxes as oil prices surge.

The president instructed officials to accelerate additional financial and fiscal measures, including a petroleum price cap system, adjustments to energy taxes and direct assistance to consumers.

“We must mobilize all national capabilities to minimize the impact of external shocks on people’s livelihoods, the economy and industry,” Lee said.

Deputy Prime Minister and Economy Minister Koo Yoon-cheol said the government could potentially finance the supplementary budget without issuing new government bonds.

He cited improving conditions in the semiconductor industry and increased fiscal resources linked to stronger activity in the stock market.

Lee also addressed concerns over reports that United States Forces Korea may remove some air defense assets from the country amid the regional conflict.

“If you ask whether this seriously undermines our deterrence strategy against North Korea, the answer is no,” Lee said.

He acknowledged that South Korea had expressed opposition to the partial withdrawal of air defense systems but noted that the United States may reposition some assets based on its broader military needs.

Foreign media have reported that systems such as the Terminal High Altitude Area Defense system and Patriot missile batteries could be redeployed.

Lee emphasized that South Korea’s defense spending remains among the highest in the world and said the country’s military readiness remains strong.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260311010002954