TOKYO (AP) — Global shares sank on Monday after Wall Street ended last week with its worst day since October, while oil prices jumped more than $4 as fighting flared between Israel and Iran.

South Korea’s Kospi led the global retreat, plunging 8.3% on heavy selling of technology shares and extending losses that on Friday gave the S&P 500 its biggest single day drop in months.

The future for the S&P 500 was up 0.2%, while that for the Dow Jones Industrial Average lost 0.3%.

Oil prices surged as Israel launched airstrikes early Monday, targeting central and western Iran in response to missile fire. Iranian state television reported the sound of explosions being heard in Isfahan, Tabriz and Tehran, without immediately elaborating.

American and Iranian negotiators reached a tentative deal last week to extend their ceasefire, but the agreement has not been finalized and the latest attacks further strain efforts to end the conflict. The U.S. war with Iran has essentially blocked crude oil shipments from moving through the Strait of Hormuz.

Brent crude, the international standard, jumped $4.60 to $97.69 a barrel. Benchmark U.S. crude surged $4.13 to $94.67 a barrel.

In early European share trading, France’s CAC 40 fell 0.7% to 8,161.42, while the German DAX dipped 0.8% to 24,552.77. Britain’s FTSE 100 shed 0.4% to 10,331.24.

During Asia’s day, the Kospi in Seoul slipped 8.3% to 7,484.41 as Samsung Electronics, the country’s biggest company, dropped 10.2%. SK Hynix declined 7.7%.

Japan’s benchmark Nikkei 225 dropped 3.9% to finish at 64,024.60. The Japanese government revised the annualized economic growth rate to 1.8% for the first quarter this year, down from an earlier estimate of 2.1%.

Elsewhere in Asia, Taiwan’s Taiex lost 3.5% and the Hang Seng in Hong Kong lost 1.3% to 24,642.33. The Shanghai Composite shed 1.7% to 3,959.34.

Markets were closed in Australia for the King’s Birthday, a holiday.

Friday marked the biggest one-day drop for Wall Street since Oct. 10, when the Trump administration threatened to impose a 100% tariff on imported goods from China.

Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama

Christian Eriksen is “in good spirits” following his collapse against Ukraine and is expected to be discharged from hospital soon, says Denmark’s national team doctor Morten Boesen.

The game in Odense was stopped on 65 minutes when he collapsed and was abandoned shortly after, with the 34-year-old able to walk from the field after regaining consciousness.

The former Manchester United and Tottenham midfielder was fitted with an Implantable Cardioverter Defibrillator (ICD) – a type of pacemaker – after suffering a cardiac arrest during a Euro 2020 match against Finland in 2021.

“I spoke with Christian this morning, and he is doing well. He is with his family and in good spirits,” Boesen said.

“The expectation is that he will be discharged soon and can return home.”

The ICD allowed Eriksen to resume his playing career with Brentford in 2022 – eight months after his collapse at the Euros – before he spent three years with Manchester United.

On Sunday, Boesen said “the pacemaker responded as it should”.

Speaking to BBC Sport before his comeback in 2022, Eriksen said he had no concerns about playing with an ICD.

“I don’t see any risk, no. I have an ICD, if anything would happen then I am safe,” the Wolfsburg midfielder added.

Neither Denmark nor Ukraine qualified for the World Cup, which begins on Thursday.

The move comes after the Government received more than 38,000 responses to its recent call for evidence, with ministers now looking for even more feedback through a new nationwide engagement programme.

A “Workshop in a Box” toolkit has been launched to help charities, community groups and disability organisations host discussions about the benefit and gather real-life experiences from claimants.

The sessions will focus on three key areas: what PIP is for, what it is like to apply for the benefit and how decisions about claims are made.

Social Security and Disability Minister Sir Stephen Timms said the Government wanted disabled people to be involved throughout the process.

He said: “Hearing from disabled people across the UK is vitally important to inform the Review.”

He added: “That is why we are co-producing this review with disabled people every step of the way — to make sure that PIP is truly fair and fit for the future.”

The minister also encouraged organisations across the country to take part in the scheme.

“I encourage any organisation that is able to host a workshop to do so, because we need to hear the views and lived experience of as many disabled people as possible,” he said.

What is the Timms Review?

The Timms Review was launched to examine whether PIP remains suitable for modern-day claimants and whether it accurately reflects the impact that disabilities and health conditions can have on daily life.

Under the latest plans, organisations can use the ready-made materials to run their own sessions and then submit findings directly to the review team before the July 17 deadline.

Review co-chair Sharon Brennan said it was essential that people from all backgrounds had an opportunity to contribute.

“It is vital to the success of the review that we hear from as many people as possible about their thoughts on PIP,” she said.

She highlighted the importance of reaching people whose views are often missing from official consultations.

“Especially those whose voices are less heard such as those from marginalised communities or who do not feel comfortable engaging with government-led consultations.”

Ms Brennan said the new approach would allow people to discuss the benefit system with organisations they already know and trust.

“We hope this new engagement method allows people to have conversations that matter with the organisations that they most trust so their lived experiences can shape the outcomes of our review.”

What do unions say about the review?

The TUC said its analysis showed that the unemployment rate for disabled people is 8.8% – the highest since before the pandemic – compared with 4.3% for non-disabled people.

General secretary Paul Nowak said: “The Government has a vital opportunity to support more disabled people into work through the Timms Review.

“Right now, disabled people are bearing the brunt of unemployment, low pay and insecure work, all while navigating a social security system that is not fit for purpose.

“Only a genuine reform of Pip will ensure that disabled people who can work receive the support they need to move into and stay in work.

“But this must come alongside wider action too, like ensuring disabled workers get the reasonable adjustments they need, stronger rights at work and reform of the access to work scheme.

“That’s how you deliver a system that works for disabled workers.”

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The workshops are open to a wide range of groups, including Deaf and Disabled People’s Organisations (DDPOs), disability charities, health organisations, community groups and elected representatives.

The DWP says the evidence gathered will play a direct role in shaping recommendations from the review’s steering group, with an interim report expected to be published in the coming months.

The review forms part of wider Government plans for the welfare system, alongside measures aimed at helping more disabled people into work and increasing support for those with health conditions.

The tour will end with a performance at O2 City Hall Newcastle on Thursday, December 10, and will mark Cushin’s fifth headline show at the venue.

This makes him the first North East male solo artist to perform at the venue five times – a record achieved in just three years.

In a statement, the artist said: “I’m incredibly proud of ‘Goodbye.’

“It’s one of those songs that changed a lot from the original idea through to the finished version and I think that’s what makes it exciting.

“It feels big, direct, and honest—and I can’t wait for people to hear it properly and experience it live.”

Mr Cushin, who has drawn support from Noel Gallagher, Pete Doherty, Sam Fender, and Louis Tomlinson, has quickly become one of the UK’s most talked-about young artists.

His rapid rise began with his debut album Waiting For The Rain, which spent three weeks at Number One on the Official Independent Album Breakers Chart.

His recent album Love Is For Everyone earned him his first UK Top 40 placement.

The new single “Goodbye,” released by First Run Records, continues his evolution toward a bigger, more expansive sound—featuring sharp songwriting, driving guitars, and powerful choruses.

The track was written and recorded across sessions in Newcastle, The Bahamas, and Wigan.

Alongside his headline shows, Mr Cushin has toured globally, supporting artists such as Louis Tomlinson, Paul Weller, Noel Gallagher, Robbie Williams, Pete Doherty, and Starsailor.

He has played at iconic venues including The Hollywood Bowl, Red Rocks Amphitheatre, The Greek Theatre, and Forest Hills Stadium.

Despite his growing success, Mr Cushin said Newcastle remains at the heart of his journey.

He said: “Every time I come home and play Newcastle it means something completely different.

“City Hall has become a huge part of my journey and I don’t take that for granted.

“To be coming back for a fifth headline show after everything that’s happened over the last few years feels really special.

“Newcastle backed me early and I always feel that when I step out on stage there.”

Mr Cushin is scheduled to perform alongside OMD and The Undertones at major outdoor shows across the UK this summer.

In 2023, he became the youngest Geordie artist to sell out Newcastle City Hall and later headlined the Mouth of the Tyne Festival.

Tickets for the O2 City Hall Newcastle show are on sale now.

BBC pundits Ashley Williams, Benni McCarthy, Scott Brown, Alex Scott, Gaël Clichy, Kelly Cates, Mark Chapman, Gabby Logan, Micah Richards, Wayne Rooney, Olivier Giroud, Alan Shearer, Ellen White, Steph Houghton, Joe Hart, Steve Crossman, Rachel Corsie

BBC / Holly McCandless-Desmond, David Anderson, Sam Riley, Charlie Clift

Jose Mourinho is poised for a sensational return to Real Madrid, with his appointment expected to be confirmed following Florentino Perez’s re-election as president at the Bernabeu Stadium.

Perez, who secured an eighth term after fending off challenger Enrique Riquelme, had made no secret of his desire to name Mourinho as head coach should he win the election. Reports indicate that the current Benfica boss has agreed a three-year deal to return to the club he previously managed between 2010 and 2013, replacing Alvaro Arbeloa, who was appointed in January after Xabi Alonso’s departure.

In a statement on the club’s official website, Perez affirmed his commitment to the club’s future success.

“We have won the elections and will continue working to keep winning titles,” he said. “I am still here and I am here to defend Real Madrid. We will continue working so that Real Madrid keeps winning titles, and we will fight until the end to achieve the 16th European Cup. We will continue to take pride in the Santiago Bernabeu Stadium, the best stadium in the world.

“Proud to have the best players in the world, proud to welcome back one of the best coaches in the world, a Madridista like Jose Mourinho. And rest assured, with me as president, Real Madrid has been, is, and will always remain owned by its members.”

Perez first became Real president in 2000 and had renewed his mandate five times since 2009 by running unopposed. In the build-up to Sunday’s vote, Perez promised to appoint Mourinho ⁠and said he would spend €150m on an unnamed player, to be revealed on Tuesday, a fee that would represent a club record.

He also said defenders Ibrahima Konate and Denzel Dumfries would be his first signings if elected.

Meanwhile, 63-year-old Mourinho secured LaLiga and the Copa del Rey during his initial tenure in the Spanish capital however, he has not won a domestic league title since leading Chelsea to the Premier League in the 2014-15 season.

His Benfica side remained unbeaten in the Primeira Liga last season but ultimately finished third, eight points adrift of Porto, after drawing 11 of their 34 matches.

Earthquakes are common in the Philippines, which sits on the geologically unstable “ring of fire”. While most of these quakes are minor and pass relatively peacefully, some have proven deadly: Last September, a magnitude-6.9 earthquake struck the central Visayas region, killing more than 70 people.

There will be a lot of debate in the coming days about the impact of AI rollouts on jobs.

The TUC has welcomed initiatives on early careers support, skills and worker voice – and said promises of fairness must be followed up with concrete action.

The TUC wants the government to go further to secure a digital dividend for workers, enact pro-worker rights and regulations, invest in skills to support workers through the AI transition, and enable workers to actively shape the technology’s development and application.

TUC Assistant General Secretary Kate Bell said: “By acknowledging the importance of workers and their unions in AI adoption, the government is taking the tentative first steps towards a pro-worker AI agenda – but more concrete action is needed to make it a reality.

“Fair and effective AI adoption requires respecting the voice, rights and interests of workers. But for too many, AI has become a byword for surveillance, algorithmic pay cuts, and threats of unemployment. Most working people are not anti-AI, but they want an alternative to Big Tech extracting from us all while offering little in return. Today’s announcements on skills and early careers are a good start.

“We don’t yet know how AI and its impacts are going to play out. But the right approach today can help to shape this technology from the ground up. Give workers legal rights to decide how AI is rolled out at work, make sure they’re represented on boards, and take on vested interests to ensure working people get their fair share. That’s how the government can give workers a real stake in this technology and the wider economy.”