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World Economy Mar 23, 2026

Global Energy Crisis: Iran War and Ukraine Fallout Rivals 1970s Oil Shocks

The global energy crisis triggered by the Iran war and Ukraine conflict is comparable to the twin o…
The global energy crisis caused by the war in Iran and the fallout from the Ukraine conflict is equivalent to the combined force of the twin oil shocks of the 1970s, according to the head of the International Energy Agency (IEA).Fatih Birol, the IEA's executive director, warned that the growing fallout could be seriously compounded by interruptions to the 'vital arteries of the global economy', including petrochemicals, fertilisers, sulphur, and helium.The crisis, which started with bombings against the regime in Tehran on 28 February, already represents the loss of 11m barrels of oil per day and about 140 bcm of gas. This is comparable to the losses seen in the 1973 and 1979 oil crises, which saw a loss of about 5m barrels of oil per day each, and Russia's 2022 invasion of Ukraine, which removed about 75bn cubic metres (bcm) of natural gas from international markets.Birol said that at least 40 energy assets in the Gulf region had been severely or very severely damaged, so even an end to the conflict would not immediately restore energy supply. He also noted that the Asia Pacific region had been badly affected by the closure of the Strait of Hormuz, through which about 20% of the world's oil supply is transported.The IEA has taken emergency measures, including the release of 400m barrels of oil from strategic reserves, the largest emergency measure in its history. Birol said he is consulting world leaders about another possible release of emergency oil supply, noting that the initial move was only 20% of overall stocks.
#iran #ukraine #iea
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Sport Mar 23, 2026

England Cricket Backs McCullum and Key Despite Ashes Defeat

The England and Wales Cricket Board (ECB) has expressed its support for head coach Brendon McCullum…
The England and Wales Cricket Board (ECB) has reaffirmed its support for head coach Brendon McCullum and managing director of cricket Rob Key, despite the team's dismal 4-1 Ashes defeat in Australia. This decision, while potentially unpopular among fans, is seen as the right course of action by the ECB.According to Richard Gould, the ECB's chief executive, the board's choice to stick with McCullum and Key is guided by 'good judgment and objective views,' rather than public sentiment. Gould emphasized that the leadership duo has shown a willingness to 'adapt' and 'evolve' their approach in the wake of the Ashes debacle.The ECB's internal review of the Ashes series highlighted several key areas for improvement, including better use of the performance system, enhanced long-term planning, and a more professional culture within the senior men's setup. These findings were presented to the media in the form of two slides with bullet points.One of the major talking points from the review was the team's culture and environment, which came under scrutiny following a mid-Ashes break in Noosa that generated headlines about player behavior. The situation escalated when Harry Brook was disciplined for a drunken altercation with a nightclub bouncer in New Zealand.Gould described the incident as 'significantly unprofessional,' while Key noted that Brook was given a second chance due to his previous clean record and the decision to prioritize England commitments over the Indian Premier League.In response to these challenges, the team has introduced a midnight curfew to formalize McCullum's stance on the importance of rest and discipline. Key also highlighted the recent appointment of Troy Cooley to oversee fast-bowling development as a positive step forward.Looking ahead, Key emphasized that the team will not undergo a major philosophical shift under McCullum and captain Ben Stokes, who have different but complementary outlooks. The focus will be on refining their existing approach rather than implementing drastic changes.
#not #mccullum #key
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Technology Mar 20, 2026

Palantir's Intimidation Tactics: US Tech Giant Sues Small Swiss Magazine Over Investigative Report

US tech giant Palantir is suing a small Swiss magazine, Republik, over an investigative report that…
Palantir, one of the world's biggest tech companies, has been accused of launching an intimidation campaign against a small Swiss magazine, Republik, after it published an investigative report on the company's activities in Switzerland.The report, which was a collaboration between Republik and the independent Swiss research collective WAV, alleged that Palantir had persistently courted Switzerland but had been rejected. The investigation found that Palantir had pitched itself to Switzerland's chancellor during the Covid-19 pandemic to help with data tracking, approached the Swiss army, and met Switzerland's then finance minister, Ueli Maurer.Palantir was not happy with the report and filed a lawsuit in a Swiss commercial court demanding that Republik print a detailed rebuttal. The company claims that the report paints a false and misleading narrative about Palantir and sets back important discourse on European software modernisation.The journalists behind the report say they had interviewed company executives and sent a full list of questions before publication, but that Palantir demanded they print a detailed rebuttal that went beyond the scope of their investigation. The lawsuit has sparked concerns about Palantir's tactics and the impact on journalism, with the European Federation of Journalists claiming that the legal action is an attempt at intimidation aimed at discouraging critical analysis of Palantir's activities."It does feel like an intimidation campaign," says Marguerite Meyer, a journalist who works with WAV. "However, we adhered to all journalistic standards, and had a thorough factcheck done. They are suing for an absurd list of changes."The investigation, which was published in December, gave an account of Palantir's years-long efforts to try to sell itself to the Swiss government. The journalists found that despite Palantir's efforts, no government contracts had been reported."We tried to find out, is there any kind of government agency that uses this software? I mean, they are in Switzerland, eventually some government official maybe thought they could use this Palantir," says Balz Oertli, who is also with WAV.The lawsuit has raised questions about Palantir's influence and the limits of journalistic scrutiny. Swiss law allows the subjects of a story to request a right of reply, but this has caveats: the right of reply has to be concise and stick to the facts of the story."This lawsuit for a right of reply is not about whether Republik was technically inaccurate or not. It is only about whether Palantir is allowed to place its view of the facts alongside that of Republik and whether Republik must publish it," says Dominique Strebel, an expert in media law and the editor-in-chief of Beobachter, another Swiss magazine.
#palantir #switzerland #intimidation
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Technology Mar 19, 2026

The Cutthroat World of Online Gaming: Why Success is Fleeting

The article discusses the challenges of developing successful online games, particularly live-servi…
The online gaming industry has become a cutthroat world where success is fleeting. Developers are under pressure to create games that generate immediate and significant returns, making it difficult for them to sustain player engagement. Consider the case of Highguard, a free-to-play game that launched with a peak of 100,000 concurrent players on Steam. However, 90% of players abandoned the game within a week, and the developer, Wildlight Entertainment, announced that it would end service on March 12, after fewer than 50 days online. The game's failure can be attributed to several strategic errors, including a refusal to conduct public play tests before release and a complex structure that was difficult for players to understand. However, the main reason for its failure is the increasingly demanding expectations for immediate returns in the live-service game market. Live-service games are investments that are meant to deliver endless revenue, and developers are under pressure to emulate the success of genre juggernauts like Fortnite. However, executives and developers have different priorities, and the online commentariat is often negative about these types of games. Sony, for example, has greenlit several live-service games, but most of them have been canceled before release. One of its few successes is Helldivers 2, which sold 20 million copies and still has a healthy player base. Bungie's new game, Marathon, has also received critical acclaim, but its fate is uncertain due to the high expectations for returns. The game's developers have spent years maintaining Destiny, a trailblazing online shooter, which gives Marathon a significant advantage. However, the pressure to generate profits is still a major challenge, and the game's success is not guaranteed. In conclusion, the online gaming industry is becoming increasingly challenging, and developers are under pressure to create games that generate immediate returns. While some games, like Marathon, show promise, the existential threat facing them is the same: profit margins.
#tencent #sony #bungie
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Global Development Mar 19, 2026

Tanzania Court Quashes Woman's Death Sentence After Over a Decade on Death Row

A Tanzanian court has quashed the conviction and death sentence of Lemi Limbu, a woman with severe …
Lemi Limbu, a woman with severe intellectual disabilities in Tanzania, has had her conviction and death sentence quashed after spending more than a decade in prison awaiting execution. Limbu, now in her early 30s, was convicted of the murder of her daughter in 2015.On 4 March, a court in Shinyanga, northern Tanzania, declared she can appeal. She will face a retrial, but a date has yet to be set. Lawyers and activists have condemned her sentence, saying she should not be in prison at all. Limbu, who remains incarcerated, is a survivor of brutal and repeated sexual and domestic violence and has the developmental age of a child.Under Tanzanian and international law, Limbu should not be held criminally liable, given her intellectual disability. “She was not supposed to be in prison in the first place,” said Anna Henga, executive director of Legal and Human Rights Centre, a Tanzanian human rights advocacy organisation.At her first trial, Limbu pleaded not guilty. Unable to read or write, she said she did not know the contents of a statement that police claimed she had made admitting to the murder. Her original conviction in 2015 was nullified in 2019 due to procedural errors. In 2022, she was retried and sentenced to death a second time.The court did not allow evidence to be heard from medical professionals about her intellectual disabilities or history of abuse. A clinical psychologist who evaluated her had concluded she had a severe intellectual disability and the developmental age of a 10-year-old child or younger.A coalition of 24 African and international human rights groups last year condemned Limbu’s sentence as part of an appeal to the African court on human and peoples’ rights to look at the plight of women on death row throughout Africa. In Tanzania, the death penalty is the mandatory sentence for murder, although no executions have been carried out since 1995.
#she #her #limbu
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World Economy Mar 18, 2026

Preventable Child Deaths Soar as Aid Cuts Threaten Global Health Goals

A recent UN report reveals that 4.9 million children died in 2024, mostly from preventable causes. …
A staggering 4.9 million children died in 2024, with the majority of these deaths being preventable, according to a new UN report. The report warns that aid cuts could hinder the global goal of ending preventable child deaths. Progress towards ending preventable deaths of children under five by 2030 has slowed by 60% since 2015. UN experts are calling for sustained investment in health systems to reach this target. “No child should die from diseases that we know how to prevent,” said Unicef executive director Catherine Russell. “But we see worrying signs that progress in child survival is slowing – and at a time where we’re seeing further global budget cuts.” The report highlights that Sub-Saharan Africa and South Asia have persistently had the worst rates of child death, largely due to newborn deaths. The most common causes of death were premature birth, pneumonia, and trauma during birth. Infectious diseases, including malaria, were also a major cause. 100,000 children died directly from severe acute malnutrition – with the highest numbers in Pakistan, Somalia, and Sudan. Aid cuts are threatening to close lifesaving facilities, humanitarian workers warn. “We are not moving far enough or fast enough and leaving 5 million [children] under the age of five vulnerable,” said Abdurahman Sharif, senior humanitarian affairs director at Save the Children. Aid cuts have affected 6,600 health facilities, with a third forced to close. Experts warn that without sustained investment, progress in reducing child deaths will slow further, and gains could begin to reverse.
#children #cuts #child
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World Economy Mar 16, 2026

UK Faces Economic Calamity as Trump's War with Iran Threatens Fuel Rationing and Soaring Energy Bills

The UK is on the brink of economic calamity as the US-Iran conflict threatens to block the Strait o…
The ongoing conflict between the US and Iran has significant implications for the UK economy, with the potential to plunge the country into a severe energy crisis. The Strait of Hormuz, a critical shipping lane for oil, is now rendered unsafe due to Iranian drones and mines, threatening to disrupt global fuel supplies. Historically, the UK has faced similar challenges, such as during the Suez crisis 70 years ago, when petrol rationing was introduced. Former BP executive Nick Butler warns that if the crisis persists, the UK could be just weeks away from needing to ration fuel, with critical users like emergency services being prioritized. The economic consequences of such a crisis are far-reaching. A sustained energy crisis could push up average British household energy bills by £500, according to the Resolution Foundation thinktank. This would further exacerbate the cost of living crisis, which has already seen inflationary shocks and a backlash against incumbents. The UK government faces difficult decisions. Chancellor Rachel Reeves has already taken steps to help 1.7 million households reliant on oil for heating and hot water, whose bills have doubled. However, her warning that financial help will be targeted at lower earners suggests that harder decisions lie ahead. In the long term, the UK must consider investing in net zero initiatives to reduce dependence on fossil fuels. Modelling by the government's expert Climate Change Committee suggests that if Britain sticks to its net zero path, even a substantial oil shock would raise energy bills by only 4% by 2040. However, implementing such policies in the midst of a crisis is a challenging task.
#war #crisis #not
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