Signal

Good morning. The OECD is painting a pretty grim picture for the UK economy, warning that Britain faces the biggest growth hit among major economies from the escalating Middle East conflict due to our heavy reliance on energy imports. Meanwhile, US inflation is expected to surge to 4.2 percent - the highest in the G7 - as energy shocks ripple through the global economy. The dreaded word "stagflation" is making a comeback as economists warn that the Iran war threatens to simultaneously crush growth and spike inflation, creating a perfect storm for governments already struggling with popularity and stretched public finances. In tech news, there's been a potentially game-changing court ruling on social media addiction that could fundamentally reshape how platforms operate - the BBC's calling it possibly "the beginning of the end of social media as we know it." On a lighter note, England's spectacular Coast to Coast hiking route has just received official National Trail status after a £5.5 million upgrade, stretching 192 miles across the Lake District, Yorkshire Dales, and North York Moors. And if you're into Formula 1, Lewis Hamilton says the sport is now "much more fun" as teams gear up for the Japanese Grand Prix this weekend.