Business
Dad-of-three turns to Worcester food bank after job loss
BBCA single dad-of-three said he was forced to move in with his parents and rely on a food bank when “things just went downhill quick” after losing his job.
Luke Harborne worked as a roofer up until December but admitted he did not know what he would do if he had no access to Worcester’s food bank.
“I don’t know what would happen, I really don’t,” the 30-year-old said.
“The people here are absolutely brilliant, they’re such lovely people and all of them have a heart of gold to do what they do.”
Mr Harborne had been in shared accommodation in Kingstanding, Birmingham, but when he became unemployed, he fell behind with his rent payments and lived on the streets before his parents in Worcester took him in.
“My mum and dad agreed to let me live back there but I’m just struggling at the minute,” he said.
“It’s very, very tough [providing for three children]. It’s hard to survive off benefits, it really is.”

Mr Harborne said he was even struggling while he was employed.
“I managed to cope with the wages I had coming in but all my money was going on rent and bills,” he said.
“The rest went on food but that didn’t last me until my next payday.
“I need to get myself back in employment and I am actively looking but it’s tough because I have to work around child arrangements so it’s hard to commit to a full-time job.
“You need a really good job, that pays really well just to get a one-bedroom flat. But I will get there. It’s just hard to survive.”

At the food bank, Grahame Lucas said he worked to “turn frowns upside down”.
“It’s a bit corny, I know, but people come here perhaps not feeling the most positive but they walk away with a smile on their face,” he added.
Mr Lucas has been manager of Worcester Foodbank since 2014 and said in that time the charity has “grown out of all recognition”.
“We started out feeding about 3,000 people a year and prior to Covid up to about 9,000 people and now we’re up to 18,000 people,” he said.
“We’re now braced for the autumn rush, when people start getting their energy bills on the doormat. This is by far the busiest period.”
Mr Lucas and his team provide about 250,000 meals annually, at a cost of £500,000.
The service also provides “cooking parcels”, which include herbs and spices, as well as a toiletries hamper too.
“Clients have said to us that we’re lifesavers and without us people have admitted they would be forced to shoplift just to survive,” Mr Lucas said.

Mr Lucas said the charity had served “all age groups” which “goes right through to people who are retired”.
“That group is much less because, what we find, the state pension system works well – whereas the benefits system is still deficient,” he said.
“I think the system is broken.”
The food bank manager said he sympathised with government and described changing the system as an “oil tanker moment” that would be a “long-term project”.

Susan Campbell, deputy warehouse manager at Worcester Foodbank, is responsible for greeting clients.
“The stories are really sad and you want to do more than just give them food,” she said.
“You hear all sorts and you just try to make them feel better about the whole thing.”
She added the numbers coming to them have “got much, much worse” and they were seeing more and more families.
“People tend to assume we’re serving the homeless but it’s just not true,” Ms Campbell said.
“Lots of people that come here are working and they just can’t afford to live.”

A Department for Work and Pensions spokesperson told the BBC it was “determined to tackle the unacceptable rise in food bank dependence”.
They added: “Our child poverty taskforce will publish an ambitious strategy later this year.
“We are also overhauling job centres and reforming the broken welfare system to support people into good, secure jobs, while always protecting those who need it most.”
Business
Oil prices fall again amid Middle East ceasefire hopes
Oil prices remained below $100 a barrel on Friday as Wall Street set another record and Asian stocks headed for a second consecutive week of strong gains, with markets watching for signs that the Iran war ceasefire expiring next week would be extended.
Brent crude fell 1.1 per cent to $98.31 a barrel and US benchmark crude dropped 1.4 per cent to $89.90, after Donald Trump said the next meeting between the US and Iran could take place over the weekend and suggested he was open to extending the two-week ceasefire beyond its expiry next week.
Iran’s UN envoy said Tehran remained “cautiously optimistic” over negotiations with the US. A 10-day ceasefire between Lebanon and Israel also went into effect on Thursday.
Asian markets pulled back on Friday despite Wall Street setting another record the previous session. Tokyo’s Nikkei fell 1 per cent to 58,930 after hitting an all-time high on Thursday. South Korea’s Kospi was 0.6 per cent lower, Hong Kong‘s Hang Seng dropped 1 per cent and the Shanghai Composite edged down 0.1 per cent. Australia’s S&P/ASX 200 lost 0.3 per cent and Taiwan’s Taiex traded 0.5 per cent lower.
MSCI‘s broadest index of Asia-Pacific shares outside Japan remained close to its highest level since 2 March, the first trading day after the Iran war broke out. The index is up 14.5 per cent in April after dropping 13.5 per cent in March, with almost all stock markets now back to pre-war levels.
On Wall Street, the S&P 500 closed 0.3 per cent higher at 7,041 on Thursday, a day after eclipsing its previous all-time high set in January. The Dow Jones Industrial Average rose 0.2 per cent to 48,578 and the Nasdaq added 0.4 per cent to 24,102.
However, the speed of the recovery has surprised some analysts, who warned markets may be underpricing the risks.
“There’s quite a strong contrast between what policymakers and central bankers are saying about the risks that this conflict is creating versus what the market is implying,” Andrew Chorlton, chief investment officer for public fixed income at M&G, told Reuters.
“That seems somewhat complacent. It seems unlikely that there shouldn’t be some additional risk premium priced in, either to growth or to inflation.”
Others pointed to the strait as the critical test for whether the rally could hold.
“I think equity markets are remaining positive and some solid US earnings have helped, but — and it’s a big but — we need to see some concrete evidence that peace is going to last,” Nick Twidale, chief market strategist at ATFX Global, told Reuters.
“A full reopening of the Strait, or we could see some substantial corrections in global stocks in the coming days and weeks.”
The stakes on the energy side are rising. The head of the International Energy Agency warned on Thursday that Europe had “maybe six weeks or so” of jet fuel supplies remaining and that flight cancellations were coming “soon”.
The closure of the Strait of Hormuz has caused the worst oil price shock in history — Brent crude has surged roughly 40 per cent since the start of the Iran war in late February — and prompted the IMF to downgrade its global growth outlook, warning that a prolonged conflict could push the world to the brink of recession.
The US dollar, which had benefited from safe-haven demand in March, has since given up those gains, with the dollar index near its lowest level since 2 March after eight straight sessions of decline. The euro held at $1.1778 while the Australian dollar, considered a risk-sensitive currency, drifted near a four-year high. Gold edged up 0.1 per cent to $4,814.60 an ounce and silver gained 0.4 per cent to $79.04.
Business
Top stocks to buy today: Stock recommendations for April 17, 2026 – check list – The Times of India
Stock market recommendations: Reliance Industries, and Varun Beverages are the top stock recommendations by Bajaj Broking Research for April 17, 2026.Reliance IndustriesBuy in the range of ₹ 1330.00-1350.00
Reliance Industries stock has undergone a corrective phase over the past three months and is currently consolidating near a crucial support zone of ₹1270–₹1300. This technical setup offers a favorable risk-reward profile, positioning the stock for a potential bullish reversal and the next leg of uptrend.This ₹1270–₹1300 range serves as a crucial support area, reinforced by the convergence of multiple technical factors: (a) 61.8% retracement of the previous April 2025-January 2026 up move (1115-1611) (b) 200 weeks EMA placed around 1292, which has historically acted as strong demand area for the stockThe ongoing corrective phase appears to be nearing exhaustion, with price action indicating the potential for a fresh bullish reversal. We anticipate the stock to resume its uptrend and head towards ₹ 1474 levels in the coming quarters being the high of February 2026 and the 61.8% retracement of the recent decline of the last 3 months ₹ 1611-1290.Varun BeveragesBuy in the range of 455-465
The share price of Varun Beverages has generated a breakout above the falling channel containing last 3 months decline signaling strength and offers fresh entry opportunity.The stock has also formed a higher high and higher low signaling resumption of up move after recent corrective decline.We expect the stock to head higher towards 503 levels in the coming weeks being the 80% retracement of the previous decline from 534 to 381.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
Business
Finance ministers and top bankers raise serious concerns about Mythos AI model
Experts say Mythos potentially has an unprecedented ability to identify and exploit cybersecurity weaknesses.
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