Kuwait has warned that the economic blockade of Gulf Arab producers due to the closure of the Strait of Hormuz could be catastrophic and will trigger a domino effect across the world. “We are outraged by this attack against us,” Sheikh Nawaf al-Sabah, the CEO of the Kuwait Petroleum Corp., told the oil industry at S&P Global’s CERAWeek energy conference. “This is an attack not only against t
The CEO of a state-owned energy giant in the United Arab Emirates condemned Iran's closure of the Strait of Hormuz, calling it an act of “economic terrorism”. Abu Dhabi National Oil Company CEO, Sultan Ahmed Al Jaber, said when the Strait of Hormuz is “squeezed”, the pressure is felt around the world. “Let me be absolutely clear, weaponising the Strait of Hormuz is not an act of aggression a
Anthropic on Monday rolled out computer-use capabilities for its Claude AI assistant, allowing the system to click, scroll and navigate applications on a user's Mac. The move is a direct response to the viral open-source agent OpenClaw, which has reshaped the competitive landscape in a matter of weeks. The feature is available as a research preview for Claude Pro (US$20/month) and Claude Max
A peace plan has reportedly been offered by the Trump administration to Iran, with Pakistan to facilitate the negotiations. The plan is comprised of 15 points, according to anonymous sources familiar with the matter who spoke to the New York Times. President Donald Trump said that Iran was looking to reach a deal and that he was “in negotiations right now”, but Iran has fervently denied any
JPMorgan Chase CEO Jamie Dimon warns that artificial intelligence (AI) could lead to mass job displacement in the United States and that a solution requires action from both government and business. This comes as the White House grapples with how to regulate AI without stifling innovation as companies race to deploy automation tools that could reshape millions of jobs. ″[If] all of a sudden
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The semiconductor industry has spent the first quarter of 2026 bracing for an escalation that has nothing to do with Iran, and will put Taiwanese and South Korean chipmakers firmly within the Trump administration's crosshairs. On 14 April, the United States Trade Representative and Commerce Department must deliver a report to President Trump on the status of negotiations with key chip-producing
The United Kingdom government has introduced new legislation that will require developers to install solar panels and heat pumps in all new homes. The planning requirements published by the government also said that plug-in panels that homeowners can self-install on balconies would be available in supermarkets in the coming months. UK ministers said the Iran war and the largest supply disrup
Australia’s consumer price index (CPI) rose 3.7% in the 12 months to February 2026, according to the latest data from the Australian Bureau of Statistics (ABS). “The 3.7% annual CPI inflation to February eased slightly from the 3.8% annual CPI inflation to January,” ABS Head of Prices Statistics Sue-Ellen Luke said in a media release. The largest contributor to annual inflation in February w
Google’s artificial intelligence arm has partnered with Agile Robots, as Google steps up its efforts in the robotics sector. Google DeepMind’s Gemini Robotics AI models will be integrated into Agile Robots’ hardware. The companies said the partnership will first focus on equipping robots for industrial and manufacturing tasks. “The huge opportunity ahead lies in autonomous, intelligent produ
NASA has cancelled plans to deploy a space station in lunar orbit and will instead use its components to construct a US$20 billion base on the moon’s surface over the next seven years. NASA chief Jared Isaacman made the announcement at the opening of a daylong event at NASA’s Washington headquarters, at which he outlined changes he is making to the agency’s flagship moon programme, Artemis.
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