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World Economy Mar 25, 2026

Iran Assures 'Non-Hostile' Ships Safe Passage Through Strait of Hormuz

Iran has announced that 'non-hostile' ships can safely transit the Strait of Hormuz, a critical wat…
Iran has assured that 'non-hostile' vessels can safely pass through the Strait of Hormuz, a vital shipping route for about one-fifth of the world's oil and liquified natural gas supplies. The assurance comes amid a significant collapse in maritime traffic through the strait, which has contributed to a major global energy crisis.In a statement released through its mission to the United Nations, Iran specified that ships would be allowed to transit the strait 'provided that they neither participate in nor support acts of aggression against Iran and fully comply with the declared safety and security regulations.'The development follows a sharp decline in shipping traffic through the strait, with only about 5 vessels passing through daily, compared to an average of 120 daily transits before the US-Israel conflict began. This reduction has led to a surge in global energy prices, with Brent crude experiencing significant fluctuations.Iran's statement also mentioned that ships will be allowed to transit 'in coordination with the competent Iranian authorities.' The country has shared similar assurances with the International Maritime Organization (IMO), the UN body responsible for international shipping safety and security.The move comes as US President Donald Trump mentioned ongoing negotiations to end the conflict with Iran, despite Tehran's previous denials of talks. The situation remains complex, with global markets closely watching for any signs of resolution.
#iran #strait #list
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Tv And Radio Mar 25, 2026

Riz Ahmed's 'Bait' Review: A Comedy of Petty Narcissism and Excellence

Riz Ahmed's new series 'Bait' is a comedy that explores the life of a rapper turned actor who finds…
Riz Ahmed's latest venture, 'Bait', is a comedy series that masterfully blends humor with poignant commentary on identity, fame, and the entertainment industry. Ahmed, who created, co-wrote, and stars in the show, plays Shah Latif, a rapper turned actor from a lively west London Pakistani Muslim family.The series navigates Shah's journey as he finds himself in contention to replace Daniel Craig as the new James Bond, a career milestone that brings about a crisis in his life. This predicament leads Shah to question his authenticity and fear of becoming 'bait' – both in the London slang sense of being 'obvious' or 'naff,' and in the sense of being used by the British state to co-opt legitimate dissent.'Bait' skillfully balances humor with emotional authenticity, particularly through its portrayal of family dynamics. Sheeba Chaddha shines as Shah's mother, Tahira, bringing depth and warmth to every scene she's in. The show's humor is largely derived from its witty dialogue, which showcases a dazzling display of linguistic dexterity, effortlessly switching between Urdu, Arabic, MLE, and RP.The series also highlights the strength of the British south Asian actor community, with notable cameos and roles for Himesh Patel, Nabhaan Rizwan, and Sagar Radia. Ritu Arya is excellent as Yasmin, Shah's love interest, and her chemistry with Ahmed is undeniable.While 'Bait' occasionally veers into self-indulgence, its self-referential humor and industry satire add layers to the narrative. The show's exploration of themes such as identity, cultural representation, and the pressures of fame makes it a compelling watch. With its talented cast and clever writing, 'Bait' is a must-watch on Prime Video.
#ahmed #bait #also
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Politics Mar 25, 2026

UK's Overseas Aid Cuts: A Blow to Global Stability and Britain's Interests

The UK government's decision to cut overseas aid to Africa and the Middle East has sparked criticis…
The UK government's recent announcement to make significant cuts to direct aid to Africa and the Middle East has been met with deep disappointment. This move is seen as a moral dereliction of duty, betraying the world's most marginalised, and a false economy that will bring greater instability to the world and make people less safe. The cut in aid to 0.3% of gross national income (GNI) from 2027 breaks Labour's 2024 manifesto pledge to restore development spending at the level of 0.7% of GNI “as soon as fiscal circumstances allow”. The UK is making the steepest proportion of aid cuts among G7 nations. As James Mattis, Donald Trump's defence secretary, once said: “If you don’t fund the state department fully, then I need to buy more ammunition ultimately.” This highlights the shortsightedness of cutting aid, which could lead to more conflict, famine, and persecution. The UK itself benefits materially from these investments. The recent inquiry by the all-party parliamentary group on global health and security on international health worker recruitment highlights the extent to which the NHS and wider economy rely on the skills, expertise, and partnerships rooted in the global south. The UK has saved £14bn in training costs through international recruitment and continues to depend on globally trained health professionals. Investment in global vaccination, disease surveillance, and research helps stop outbreaks before they spread internationally and place pressure on health systems. Preventing disease at source is one of the smartest investments we can make to protect patients in Britain. The situation in Somalia, on the edge of famine, underscores the importance of sustained investment in global development. Two consecutive failed rainy seasons have left 6.5 million people in crisis, more than double the number a year ago. The UK's humanitarian relief in Somalia is welcome, but the scrapping of nature funding and cuts to climate aid risk compromising its own strategy of preventing crisis before it takes hold.
#UK Department for International Development #World Bank #African Union
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World Economy Mar 25, 2026

Australian Senate Inquiry Reveals Climate Misinformation Fuels Community Conflict

A cross-party Australian Senate inquiry has found that climate misinformation and disinformation ar…
A recent Australian Senate inquiry has concluded that the country's climate change and energy 'information ecosystem' is fuelling conflict in communities, with misinformation and disinformation confusing the public, slowing renewable energy projects, and undermining policy responses to the climate crisis.The inquiry's final report, released on Tuesday evening, recommended that the government do more to make tech companies liable for 'psychosocial harms' spread on their platforms. It also suggested strengthening media literacy through the national curriculum and greater oversight when corporations engage with classrooms.The committee recommended more funding for research into mis- and disinformation, with a funding model to be developed for an independent effort to 'track hidden digital influence systems'. The Australian government should also sign a UN declaration, launched in Brazil in 2025, promising a series of actions aimed at combating climate mis- and dis-information.The use of artificial intelligence by groups looking to block progress on climate change was likely to further threaten the integrity of information the public received, the inquiry heard. The committee's Greens and Labor members endorsed the report, but some members felt it did not go far enough in addressing the issue.The inquiry's findings have significant implications for Australia's renewable energy future and its ability to address the climate crisis. As climate disinformation continues to evolve into a national security challenge, the Australian government must take urgent action to protect the integrity of information and promote a safe climate future.
#climate #inquiry #energy
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Technology Mar 25, 2026

Sanders and AOC Push for Pause on New AI Datacenter Construction

Progressive lawmakers Bernie Sanders and Alexandria Ocasio-Cortez have introduced a bill to tempora…
Progressive lawmakers Bernie Sanders and Alexandria Ocasio-Cortez have unveiled a bill to place a moratorium on the construction of AI datacenters in the US. The proposed pause aims to ensure the AI boom benefits workers, protects the environment, and does not harm communities.The bill's introduction comes amid growing concerns about the rapid buildout of AI infrastructure and its impact on energy consumption, electricity bills, and the climate crisis. Sanders and Ocasio-Cortez argue that a temporary ban would give the US government time to create strong federal safeguards for AI.“AI and robotics are creating the most sweeping technological revolution in the history of humanity,” Sanders said. “The scale, scope, and speed of that change is unprecedented. Congress is way behind where it should be in understanding the nature of this revolution and its impacts.”The proposal has gained traction, with at least 11 states considering similar policies. Advocacy groups, including Food and Water Watch, have also called for a federal datacenter moratorium, citing concerns about the sector's impacts on electricity bills and the climate crisis.The bill's supporters argue that datacenters' massive energy consumption and water usage have sparked controversy, especially in drought-ridden areas. If current trends continue, datacenters may account for nearly half of all US emissions from the power sector.“We cannot sit back and allow a handful of billionaire Big Tech oligarchs to make decisions that will reshape our economy, our democracy and the future of humanity,” Sanders said. “We need serious public debate and democratic oversight over this enormously consequential issue. The time for action is now.”
#datacenters #sanders #new
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World Economy Mar 25, 2026

Europe Faces Impending Energy Crisis with Potential Fuel Rationing by April

Shell's CEO warns Europe could face energy shortages and fuel rationing by April if the Strait of H…
Europe is bracing for a potential energy crisis, with fuel rationing possible as early as April if the Strait of Hormuz, a critical passage for oil and gas supplies, remains closed. Shell's CEO, Wael Sawan, issued this stark warning at a major oil industry conference in Texas, highlighting the escalating risks to global energy supplies.The crisis, now in its fourth week, has already led to energy rationing in Asian countries and significant price hikes for jet fuel, which has doubled in price since the start of the conflict. Sawan predicts that diesel and petrol will come under pressure next, particularly as the summer driving season begins in the US and Europe.Oil prices have fluctuated, dipping back to about $100 a barrel on Wednesday after reaching highs of around $114 earlier in the week. These developments have raised concerns about the potential for a prolonged global economic recession if oil prices continue to rise, with some predictions suggesting they could hit $150 a barrel.Larry Fink, CEO of BlackRock, the world's largest asset manager, warned of profound implications for the world economy if the conflict continues to drive up oil prices. He outlined two possible scenarios: one where the conflict resolves quickly, allowing oil prices to return to pre-crisis levels of about $70 a barrel, and another where prices remain high for years, potentially leading to a stark and steep recession.Germany's economy minister, Katherina Reiche, also spoke at the conference, cautioning that energy supply scarcity could occur in late April or May if the conflict continues. She criticized Germany's decision to phase out nuclear energy and emphasized the need for greater imports of gas via super-chilled tankers from overseas.
#europe #iran #shell
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World Economy Mar 25, 2026

UK Businesses Face Soaring Energy Costs Amid Global Market Turmoil

UK businesses are bracing for significant increases in energy costs, with projections suggesting 10…
The current situation highlights the urgent need for a long-term strategy to address energy costs. The CBI and EnergyUK have argued that a reset is necessary to cut energy costs for businesses, citing the thesis that high energy costs are holding back the UK economy. While the debate may be delayed by the current crisis, it is unlikely to go away, especially as other countries are adopting more strategic energy policies.
#energy #business #prices
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Politics Mar 25, 2026

US Aggression in Iran Sparks Global Economic Chaos and Exposes Shift in US Role

The US conflict with Iran has triggered significant economic disruption worldwide, particularly in …
The ongoing conflict in Iran has sent shockwaves through global energy markets, with economies in Asia being hit particularly hard. The closure of the Strait of Hormuz, a critical passage for oil and gas shipments, has led to a 90% collapse in traffic through its waters. This has resulted in energy prices surging, affecting countries such as India, Nepal, and the Philippines.India has redirected liquefied gas supplies to households, limiting them to the plastics industry, while Nepal has rationed gas and the Philippines has trimmed the government workweek to four days. Bangladesh has closed universities and rationed fuel, highlighting the widespread impact of the conflict.The US economy has shown relative resilience, with the S&P; 500 index losing only 5% since the start of the conflict. This is attributed to the country's abundance of domestic natural gas, which satisfies about 36% of its energy needs and insulates it from international price fluctuations.However, this has led to accusations that the US is recklessly spreading havoc globally while suffering relatively little harm itself. The tariffs imposed by the US have also had far-reaching consequences, with economists concluding that US consumers and businesses are paying the majority of the costs.The International Monetary Fund has revised its growth forecasts, noting that the US economy has emerged largely unscathed, while prospects for economic growth in other countries have weakened. The World Trade Organization has warned that persistently high energy prices will slow merchandise trade growth and have a lopsided impact on growth, with North America potentially seeing a boost, while Europe and Asia are likely to be negatively affected.The conflict has also disrupted the oil and gas economy, with countries like Bangladesh, India, and Pakistan facing a drop in remittances from their citizens working in Gulf countries. Furthermore, the environmental impact of the conflict has been significant, with interest in coal being reinvigorated in Asia as a result of the energy crisis.The US's actions have raised concerns about its reliability as a partner in maintaining international stability, with erstwhile allies forced to accept that Trump's America is now a source of global uncertainty. The US's belligerence is unlikely to end soon, with tens of millions of Americans motivated by contempt for the rest of the world and a desire to assert US dominance.
#United States #Iran #Strait of Hormuz
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World Economy Mar 25, 2026

Global Food System on Brink of Collapse: The Dangers of Corporate Control and Lack of Regulation

The global food system is on the verge of collapse due to its systemic fragility, exacerbated by th…
The global food system is facing an unprecedented threat of collapse, much like the financial system did in 2008. The concentration of power in the hands of a few large corporations has led to a loss of diversity, redundancy, and modularity, making the system highly vulnerable to shocks.Recent data suggests that every part of this system is now highly concentrated in the hands of a few corporations, which have been consolidating both vertically and horizontally. One recent study found that the US food system has “consolidated nearly twice as much as the overall economic system”. Some of these corporations, diversifying into financial products, now look more like banks than commodity traders, but without the same level of regulation.These vulnerabilities are exacerbated by the use of just-in-time supply chains and the funnelling of much of the world’s trade through a number of chokepoints. Some people have long warned that the strait of Hormuz, alongside the Suez canal, Turkish straits, Panama canal and straits of Malacca, are critical chokepoints, whose obstruction would threaten the flow of food, fertiliser, fuel and other crucial agricultural commodities.When a system has lost its resilience, it’s hard to predict just how and when it could go down. The collapse of one corporation? The simultaneous closure of two or more chokepoints? A major IT outage? A severe climate event coinciding with a geopolitical crisis? The next step could be contagious bankruptcy and cascading failure across sectors.We know what needs to happen: break up the big corporations; bring the system under proper regulatory control; diversify our diets and their means of production; reduce our dependence on a handful of major exporting countries; build strategic food reserves, accessible to people everywhere. But there’s a problem, and it’s not just Trump. Almost all governments are beholden to corporate and financial power.The best we can hope for is that braver politicians in our own countries seek to insulate us from the worst impacts. A crucial step is to encourage a shift to a plant-based diet. People struggle to see the relevance, but it’s simple. A plant-based diet requires far fewer resources, including just a quarter of the land a standard western diet requires and much less fertiliser and other inputs.
#food #system #but
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