Wall Street scales fresh record high as investors bet on end of Iran war

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Wall Street scaled a fresh all-time high on Wednesday amid growing optimism among investors that the US-Israel war on Iran will soon be over.The benchmark S&P 500 breached 7,000 points for the first time in history, after climbing 0.8% over the course of the day, finishing at 7,022.95.The tech-heavy Nasdaq also rose 1.

6% to 24,016.02, its own record high, while the Dow Jones industrial average remained broadly flat.The S&P has led a bullish recovery rally across the three main US indices, erasing the stark losses it endured during the early days of the conflict.It has risen significantly since the US and Iran announced a two-week ceasefire deal last week.In an interview on Wednesday, Donald Trump claimed that the war was “very close to over”, spreading hope among traders that the conflict, and the volatility it brought to oil markets, will be concluded soon.

“We’ve beaten them militarily, totally,” Trump told Fox Business.“We’ll see what happens, I think they want to make a deal very badly.”On Wednesday afternoon, however, the White House denied it had requested an extension to the ceasefire, which is set to end on 22 April, but said that talks had been “productive and ongoing”.Buoying the day’s optimism were quarterly earnings reports from Bank of America and Morgan Stanley, with both banks beating trading estimates, suggesting resilience in the economy amid the war.“The consumers are spending, the credit quality is very good and improving, and you see the corporate clients actually use their lines a little bit more,” Brian Moynihan, CEO of Bank of America, told CNBC.

“We all face that same uncertainty, but right now, the US companies and consumers are doing well, and frankly, our global companies are doing pretty well.”Wall Street also appeared unfazed by reports from earlier this week that the US would conduct its own blockade of the strait of Hormuz, through which a fifth of the world’s oil and gas products typically pass, promising to block Iranians from the strait after peace talks with Tehran collapsed over the weekend.To conduct the blockade the US has since sent 15 warships and possibly thousands of US servicemembers to block all ships from passing through, according to the Wall Street Journal.Brent crude oil, the global benchmark, dropped 10% after the ceasefire was announced, trading at around $95, which is still about 35% higher than before the conflict.
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Roast chicken, cheesy scones and a genius cocktail: Ravinder Bhogal’s recipes for cooking with lime pickle

I’m obsessed with lime pickle. It’s savoury, sour, funky, spicy and full of bold personality that enlivens anything it’s smeared on. It’s made by salting and fermenting limes with chillies and spices for a fierce, flavour-packed condiment that’s traditionally eaten as a side to poppadoms or with simple dal and rice. Over the years, I have also folded it into grilled cheese toasties, marinades for fat prawns to barbecue in the summer or made compound butters with it to smother over sweet potatoes before roasting. It’s an instant flavour bomb and my pantry is never without a jar

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Vegemite is recognised globally – but how many people know Milo was invented in Australia?

The chocolate malt powder is sold in more than 40 countries, and Australian cafe owners say there’s ‘jingoistic pride’ in serving it on their menusGet our weekend culture and lifestyle emailWhen I order the jumbo-sized Milo Godzilla at Ho Jiak in Sydney’s Haymarket, it arrives as advertised – it’s comically large. The Malaysian restaurant prepares the drink by swirling Milo powder with hot water, adding sweet drizzles of condensed milk then chilling the mix with ice. Scoops of ice-cream are added and extra choc-malt powder is showered on top. Served in a one-litre jug, it’s so big I can’t finish it solo: staff hand me three takeaway cups to transport the leftovers.Like many beloved Milo drinks, the Godzilla is native to south-east Asia

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What can I do with leftover rice? | Kitchen aide

How do I store cooked rice safely, and what can I make with it the next day?Michael, by email“It’s a bit of a running joke with rice, because I think of all the people in China who aren’t spreading their leftover rice immediately on to a tray to cool and are still alive,” says Amy Poon, of Poon’s at Somerset House in London. “But I have to be responsible and say: cool the rice as quickly as possible, within the hour, and put it in an airtight container and pop it in the fridge [or freezer] straight away.” The reason being, as food science guru Harold McGee notes in his bible On Food & Cooking, “Raw rice almost always carries dormant spores of the bacterium Bacillus cereus, which produces powerful gastrointestinal toxins. The spores can tolerate high temperatures, and some survive cooking.” In short: good storage practices will prevent bacterial growth, not to mention open a whole world of dinner opportunities

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José Pizarro’s recipe for nettle (or wild garlic) and goat’s cheese tortilla

When I was growing up in the small village of Talaván in Extremadura, Spain, we never ate nettles. They were wild plants that grew along the edges of the fields, and the sort you tried to avoid: like many children, I learned about them the hard way, brushing against them while playing and getting stung. It was only when I came to the UK that I first saw nettles used in cooking, which surprised me: suddenly, this wild plant had a place in the kitchen. Now, whenever I visit my mum, Isabel, I see them everywhere. It makes me smile to think that at this year’s Spring Garden at the Chelsea flower show, I will be cooking among a world of magnificent plants and gardens

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Gone from shop shelves, but not forgotten | Letters

How lucky for Adrian Chiles that he didn’t live in the German Democratic Republic (Rose’s Lime Marmalade? Gone. Dark chocolate Bounty? No more. But what about their heartbroken fans?, 8 April). After reunification, there were street markets selling the last of products from the old days, and there was an exhibition in a national museum – memorably called “They’ve even taken our tomato ketchup” – lamenting the loss of many food products and other features of former times, such as children’s TV programmes.Derek JanesDuns, Scottish Borders Can Adrian Chiles tell me where to find Halls’ chocolate sour lemons? Maybe they stopped being made because they turned your tongue black, but they tasted great

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Cornichon shortage leaves British sandwich shops in a pickle

With their sharp flavour and crunch, pickled cucumbers are an essential component of any sandwich worth its salt.But an unexpected shortage of cornichons has caused consternation in sandwich shops across the country as cafes scramble to get their hands on jars of the small green pickles.A favourite sandwich of hungry office workers is the simple jambon beurre. A staple across the Channel, the French sandwich contains ham, a generous amount of butter, and, crucially, a sharp, crunchy cornichon to cut through the fat.Sandwich chain Pret a Manger brought it to popularity in the UK, and a jambon beurre retails for about £4 in its shops