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Ben Delo, a British billionaire convicted in the US for failing to implement adequate anti-money-laundering controls in his cryptocurrency business, has donated £4m to Reform UK, the party founded by Nigel Farage. Delo, who is now based in Hong Kong, made the donation since the start of the year, before the government's cap on donations to political parties by British citizens living abroad.Delo, 42, who was pardoned by Donald Trump last year, is moving back to the UK and therefore will not in future be subject to the new rules for donors. He explained his motivations for turning to Reform UK, saying England was his home and that “the biggest obstacle to national recovery is the entrenched self-deception of our elites”.In his article for the Telegraph, Delo wrote that he had donated £4m to help Nigel Farage build Reform UK into a “genuine alternative party of government”. He cited his dissatisfaction with the current political culture, stating that “the official culture of government now forces everyone to be chronically dishonest”, citing expression of views on transgender people.Delo was convicted in the US in 2022 after pleading guilty to violating the Bank Secrecy Act by failing to implement adequate anti-money-laundering controls at BitMEX, the trillion-dollar cryptocurrency exchange he co-founded. He has poured more than £100m into philanthropy and supports more than 50 organisations ranging across the political spectrum and public life.Nigel Farage welcomed Delo's support, saying it would help Reform attract more of the skills and talents needed to get ready for government. “Ben’s support will help Reform attract more of the skills and talents we need to get ready for government,” Farage told the Telegraph.

The company's diverse portfolio and innovative approach to technology have made it an attractive investment opportunity. However, the use of AI in various sectors has also raised concerns about authenticity and originality, as seen in the backlash against authors and journalists who have used AI tools in their work.

President Donald Trump issued an unprecedented ultimatum on Tuesday, stating that if Iran does not reopen the Strait of Hormuz by 8 p.m. ET, he will "completely annihilate the entirety of Iranian civilization." The threat, posted on his Truth Social platform, was accompanied by language suggesting a total regime change and a benediction to the Iranian people. Democratic officials reacted with alarm. Senator Patty Murray called the post "the rantings of a bloodthirsty lunatic," while Senator Chris Coons labeled it "a threat to commit a war crime." Representative Joaquin Castro warned that the rhetoric implied either a nuclear option or an attempt to convince Tehran of such a possibility, and Rep. Bonnie Watson Coleman urged invoking the 25th Amendment to remove the president from office. Legal scholars highlighted that the United States and Iran are parties to the Fourth Geneva Convention, which bans collective punishment of civilian populations, and to Additional Protocol I, which prohibits attacks on essential civilian infrastructure. Although the U.S. has not ratified the protocol, a 2024 Biden‑era statement affirmed that its core principles are binding as customary international law. During a chaotic White House press conference, Trump reiterated that "the entire country could be taken out in one night" if Iran failed to meet the deadline, and dismissed concerns about civilian casualties by claiming Iranian civilians themselves were urging continued bombing. When pressed about violations of the Geneva Conventions, he did not dispute the legal point but responded, "I hope I don’t have to do it." The Iranian Islamic Revolutionary Guard Corps responded that the strait "will never return to its previous state" for the United States and its allies, underscoring the escalating rhetoric on both sides. Amid the diplomatic flare‑up, the administration also submitted a $1.5 trillion Pentagon budget request, featuring sweeping cuts to domestic programs, further intensifying scrutiny of the president’s foreign‑policy priorities. Critics note contradictions in Trump’s stance: weeks earlier he claimed the U.S. had no strategic need for Hormuz, yet now the strait’s reopening is the centerpiece of his ultimatum. He simultaneously declared the war "won" while threatening its most destructive phase. With Democrats urging constitutional remedies and international law experts warning of potential war‑crime violations, the situation places U.S. foreign policy and domestic governance under unprecedented pressure.

SpaceX, led by Elon Musk, is gearing up for a historic initial public offering (IPO) that could value the aerospace and artificial intelligence company at $2 trillion. As part of its efforts to raise $75 billion, potentially the largest public offering in history, SpaceX will host an event for 1,500 retail investors in June.In a departure from the norm, the company has allocated a significant portion of its shares, up to 30%, for non-professional, non-institutional investors. This move is seen as a bid to leverage Musk's popularity among individual investors. The process will begin with a 'roadshow' to bankers on June 7, followed by the retail investor event on June 11.Bret Johnsen, SpaceX's chief financial officer, emphasized that retail investors will play a critical role in this IPO, stating that they have been 'incredibly supportive' of the company and Musk. The offering will be open to investors from the UK, EU, Australia, Canada, Japan, and Korea.The company's revenue reached $15 to $16 billion last year, with Starlink, its satellite internet service, and contracts with the US government being major contributors. Analysts predict revenues could reach $20 billion in 2026, driven by growth in satellite and space ventures.SpaceX's ambitious plans include developing datacentres in space to address energy challenges through a constant supply of solar power. The company is working on Starship, touted as the world's 'most powerful launch vehicle,' which is expected to play a crucial role in these endeavors.

The conflict in Iran has underscored how fragile a world built on fossil fuels truly is, with disruptions to oil, gas and fertilizer shipments adding millions of tonnes of greenhouse‑gas emissions to an already critical climate system.While Saudi Arabia and other petrostates blocked any mention of a fossil‑fuel phase‑out at the UN COP30 summit last November, a new diplomatic effort is gathering momentum outside the UN framework.On 28‑29 April, Colombia will host the First International Conference on the Just Transition Away from Fossil Fuels. Unlike UN negotiations, the summit will be decided by majority vote, preventing a handful of countries from derailing progress.The event is co‑sponsored by Colombia – the world’s fifth‑largest coal exporter – and the Netherlands, home to Royal Dutch Shell. Organisers have invited nations that supported the COP30 roadmap, as well as sub‑national leaders such as California Governor Gavin Newsom, a potential 2028 U.S. presidential contender.Delegates, described as a “coalition of the willing”, will share concrete plans to shift their economies away from fossil fuels while safeguarding workers and communities. Climate activists, Indigenous representatives and trade‑union leaders will also contribute ideas for turning the abstract goal of decarbonisation into actionable policy.One focal point will be the reduction of the $7 trillion per year in global fossil‑fuel subsidies, a figure that the International Energy Agency warns could be trimmed without harming the livelihoods that depend on these funds. UN Secretary‑General António Guterres has urged the International Energy Agency to create a platform that aligns the decline of fossil‑fuel investment with rapid clean‑energy expansion.The real leverage of this coalition lies in its economic weight. The 85 countries that backed the COP30 roadmap together account for a gross national product of $33.3 trillion—surpassing the United States’ $30.6 trillion and far exceeding China’s $19.4 trillion.If the Just Transition conference produces a credible, market‑oriented plan, it could send a clear signal to investors and policymakers that the era of oil, gas and coal is ending, prompting a reallocation of capital away from stranded‑asset risks.Adding California’s $4.1 trillion GDP to the coalition’s total would create an economic bloc of roughly $37.4 trillion, approaching the combined $50 trillion output of the United States and China.Newsom has repeatedly positioned California as a climate leader, noting that two‑thirds of the state’s electricity now comes from non‑carbon sources and that its economy has risen from the world’s sixth to fourth largest. He pledged that California will fill the void left by the United States’ retreat from the Paris Agreement by competing in global green‑technology markets.Public opinion supports such a shift: between 80 % and 89 % of the world’s population wants stronger climate action. The upcoming conference therefore represents a pivotal chance to translate widespread demand into a coordinated, economically powerful push for a fossil‑fuel‑free future.

President Donald Trump opened the traditional Easter Egg Roll on the White House South Lawn alongside a child dressed in a giant bunny costume, before turning the event into a platform for a stark Iran warning to a room of reporters. Hours later, the president entered a packed briefing room flanked by Defence Secretary Pete Hegseth. The press conference highlighted the recent rescue of a U.S. airman whose jet was downed by Iran, a mission Trump praised as "genius" and likened to a Hollywood production. Amid the celebration, Trump shifted focus to a $1.5 trillion Pentagon budget request he had submitted the previous week, emphasizing military spending while domestic programs face cuts. In a chilling turn, the president warned that the United States could "take out the entire country in one night" by targeting Iran’s bridges and power plants, a threat he framed as a potential path to freedom for the Iranian people. He claimed, without evidence, that Iranians would accept such suffering to topple their regime. When a reporter cited the Geneva Conventions, Trump dismissed the concern, questioning the journalist’s affiliation and mocking the New York Times for its declining circulation. Trump also hinted at personal profit, stating, "I'm a businessman first" when asked about seizing Iranian oil, and invoked a quasi‑religious narrative, saying, "God was watching us" during the Easter festivities. Defence Secretary Hegseth, known for his ties to Christian nationalism, likened the rescue to a resurrection, describing the timeline from the aircraft’s downing on Good Friday to its recovery on Easter Sunday as a "pilot reborn". Critics on social media and within Congress have labeled Trump’s rhetoric as "insane" and "dangerous," urging the cabinet to consider the 25th Amendment to assess his fitness for office. The president brushed off mental‑health concerns, suggesting that if his condition were an issue, "you’ll need more people like me." Recent weeks have seen Trump make contradictory statements: first denying the strategic importance of the Strait of Hormuz, then threatening escalation; first boasting of air superiority after a U.S. fighter was shot down, then claiming the war is already won. These erratic pronouncements have heightened worries that the nation’s nuclear launch authority may be in the hands of a leader whose public behavior resembles the "Mad Hatter" of Lewis Carroll’s classic.

Nasa administrator Jared Isaacman has stated that the possibility of alien life is a crucial factor in planning the agency's space missions. In a recent interview with CNN's Meet the Press, Isaacman emphasized that investigating the existence of alien life 'goes to the heart of many things that we do at Nasa.'Isaacman's comments come as Nasa's Artemis mission to circumnavigate the moon is underway, marking the first lunar mission since 1972. The mission aims to explore the moon's far side and could potentially lay the groundwork for a moon base on the south pole, equipped with telescopes to aid in the search for extraterrestrial life.While acknowledging that he has not encountered any aliens during his own space travels, Isaacman expressed optimism about the likelihood of discovering life elsewhere in the universe. 'With 2 trillion galaxies out there, who knows how many star systems within each of them? I would say the odds that we will find something at some point to suggest that we are not alone are pretty high,' he said.The Artemis mission has also faced challenges, including a malfunctioning $30 million toilet on the Orion spacecraft. However, Isaacman assured that the issue has been addressed, and the crew is prepared for any eventuality.

President Donald Trump has unveiled a bold budget request, seeking $1.5 trillion for military spending, a nearly 40% increase from the previous year. This ambitious proposal underscores the White House's priorities, emphasizing military strength and law enforcement.The budget request, while not legally binding, sets the stage for intense congressional negotiations. It includes a proposed $455 billion increase over fiscal year 2026, separate from an emergency request of $200 billion for the US-Israeli conflict with Iran.The plan involves significant shifts in funding, with $73 billion in cuts to domestic programs, including initiatives to counter climate change, boost renewable energy, and support equality and access in housing, education, and healthcare. Instead, funding would be redirected to projects such as Trump's Golden Dome missile defense system, critical minerals investment, US shipbuilding, and troop salary increases.Trump's proposal also emphasizes immigration enforcement, calling for continued funding for the Department of Homeland Security and Immigration and Customs Enforcement to support his mass deportation campaign. The request includes a 13% increase for the Department of Justice, focusing on violent crime.The budget plan faces challenges, including a potential deadlock in Congress over funding for ICE and Customs and Border Patrol. The administration suggests passing the budget through a mechanism known as reconciliation, which could be achieved with a simple majority in Congress.The US military expenditure has steadily increased, reaching $997 billion in 2024, according to the Stockholm International Peace Research Institute. The country consistently spends more on its military than the next nine countries combined, raising questions about priorities in defense and domestic spending.

At the start of 2026 Pakistan was sitting on a surplus of imported liquefied natural gas (LNG). Three consecutive years of falling demand – from a peak of 8.2 million tonnes in 2021 to 6.1 million tonnes by late 2025 – were driven by cheap solar panels and reduced industrial activity. The government responded by quietly selling excess cargoes abroad and shutting down domestic wells to avoid over‑pressurising pipelines. Any gas that could not be diverted would have been pushed into household networks at a loss, adding billions to the sector’s crippling debt. Everything changed on 28 February when the United States and Israel launched the "Epic Fury" operation against Iran. The strikes killed Supreme Leader Ali Khamenei and targeted missile sites, air defences and military infrastructure. Iran retaliated with hundreds of missiles and drones, choking traffic through the Strait of Hormuz – a chokepoint for roughly 20 % of global oil and gas. As part of its retaliation, Iranian drones hit Qatar’s Ras Laffan Industrial City on 2 March, the world’s largest LNG export hub. Qatar, the second‑largest LNG exporter after the United States, declared force majeure and halted all production, releasing it from contractual delivery obligations. The fallout was immediate. Qatar’s forced shutdown cut its LNG output by 17 % and disrupted the supply chain that fuels Pakistan, which sources almost all of its imported gas from Qatar and the United Arab Emirates. Pakistan’s LNG arrivals plummeted from 12 shipments in January to just two in March. Monthly cargo data from the Oil and Gas Regulatory Authority (OGRA) show that the country received between eight and twelve shipments a month through 2025, but only two arrived after the conflict began. Price pressure followed. On 13 February state‑owned Pakistan State Oil and Pakistan LNG Limited bought eight cargoes at an average of $10.47 per MMBtu (totaling $257.1 million). By 12 March the two cargoes that did arrive cost $12.49 per MMBtu – a 19 % increase in just one month. Long‑term contracts have left Pakistan with little flexibility. Two government‑to‑government agreements with Qatar, spanning 15 and 10 years, commit the country to nine shipments a month. Even as domestic demand fell – LNG’s share of Asian markets dropped from ~30 % in 2020 to ~18 % in 2025 – the contracts remained binding. Solarisation has been a double‑edged sword. By 2025 Pakistan installed 34 GW of solar capacity, with about 25 GW feeding the national grid, driving an 11 % decline in overall electricity demand between 2022 and 2025. Gas‑fired power plants built for imported LNG are now under‑utilised, especially during daylight hours. Analysts warn that the surplus was predictable. “Pakistan’s energy planning has been locked into long‑term contracts with little room for adjustment,” says Haneea Isaad of the Institute for Energy Economics and Financial Analysis (IEEFA). The resulting circular debt now stands at 3.3 trillion rupees (≈ $11 billion), and the government is negotiating to off‑load 177 unwanted shipments worth $5.6 billion through 2031. With Qatar’s LNG shipments effectively halted, the country faces a potential shortfall of more than 21 % of its power generation capacity. The National Electric Power Regulatory Authority confirmed that LNG supplies are under force majeure, while coal imports from South Africa and Indonesia continue. To mitigate the gap, Pakistan is reviving domestic gas production that had been throttled during the surplus period. Roughly 350–400 million cubic feet per day of domestic gas were previously held back for LNG imports, now being released to the grid. Nevertheless, analysts caution that even with restored domestic gas, imported coal and hydropower, “the energy shortage may persist, especially during the peak summer months.” Summer pressure is already building. The State of Industry Report 2025 recorded peak electricity demand of over 33,000 MW last summer, while winter demand sits around 15,000 MW, helped by solar generation of 9,000–10,000 MW daily. Furnace oil, the primary backup fuel, now costs 35 rupees per unit (≈ $0.12), more than double since the Strait of Hormuz disruption. Consumers with grid electricity face higher bills and possible outages; industrial users reliant on gas risk production cuts; those equipped with rooftop solar and battery storage are best insulated. “Returning to the spot market is unlikely given Pakistan’s dire financial position, and competing with wealthier nations would price the country out,” Isaad warns. “The realistic outcome may be planned load‑shedding of two to three hours daily.”