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World Economy Apr 16, 2026

Trump threatens to dismiss Fed Chair Jerome Powell after May 15 deadline, sparking legal and market alarm

President Donald Trump warned that he will fire Federal Reserve Chair Jerome Powell if the latter d…
President Donald Trump announced on Fox Business that he will dismiss Federal Reserve Chair Jerome Powell should the governor refuse to leave his post when his term concludes on May 15. The statement, made during an interview with Maria Bartiromo, underscored the president’s willingness to act, saying he “has wanted to fire him, but I hate to be controversial… he will be fired.” Legal scholars and policy analysts quickly cautioned that the president’s threat is not grounded in statutory authority. Skanda Amarnath, executive director of the think‑tank Employ America, told Al Jazeera that the administration is already losing a court battle over an attempt to remove Fed Governor Lisa Cook and would likely face the same outcome if it pursued Powell’s removal. The controversy emerges as the Senate Banking Committee prepares to consider Kevin Warsh, Trump’s nominee to succeed Powell. Warsh’s hearing is scheduled for next Tuesday, but his confirmation remains uncertain. North Carolina Senator Thom Tillis has pledged to block the nomination until the ongoing federal criminal probe into Powell’s conduct concludes. If the Senate fails to confirm a new chair, Powell would remain at the helm until a successor is appointed, extending the period of tension between the White House and the central bank. Trump also referenced a separate investigation into a costly Fed building renovation, noting that U.S. Attorney Jeanine Pirro has not indicated any change in the probe’s direction. However, a federal prosecutor later reported that the investigation uncovered no evidence of criminal wrongdoing. Critics argue that Trump’s broader agenda seeks to increase political control over the Fed’s seven‑member board, aiming to install members who share his economic outlook. Currently, the president has appointed three board members, and one seat—held by Governor Stephen Miran—has technically expired, which would need to be vacated for Warsh to join. Powell has framed the investigation as a pretext to undermine the Fed’s independence in setting monetary policy, a charge that resonates with concerns about preserving the central bank’s autonomy amid political pressure. Overall, the standoff highlights a clash between executive ambition and the institutional safeguards designed to keep monetary policy decisions insulated from short‑term political influence.
#powell #trump #fed
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Environment Apr 15, 2026

The Energy Transparency Imperative: EIA's New Mandate for Data Centers

The Energy Information Administration (EIA) is advancing a plan to mandate nationwide reporting of …
The Energy Information Administration (EIA) is set to transition from voluntary pilots to a mandatory nationwide survey, compelling data centers to publicly disclose their energy usage and power bills. This regulatory shift aims to bring a rapidly expanding industry into the fold of federal oversight, addressing concerns over its escalating environmental footprint. From Pilot to Nationwide Regulation The EIA's strategy involves a phased approach, beginning with targeted pilot surveys in key regions. These initial studies focused on 196 companies across Texas, Washington state, and the Washington, D.C.-Northern Virginia metro area. The agency anticipates completing these pilot surveys by September, after which it will roll out a comprehensive, mandatory questionnaire covering data centers nationwide. Political Catalyst: The initiative was spurred by a letter from Sens. Josh Hawley and Elizabeth Warren urging the EIA to monitor the industry's energy consumption. Implementation Timeline: While the mandatory survey date is not yet set, the EIA expects to finalize the methodology following the September pilot completion. Strategic Focus: The surveys will specifically target the details of power bills, providing granular data on electricity demand. Why the Grid is Under Pressure Requiring data centers to reveal their power usage is a critical step for grid stability and environmental planning. As the technology sector, particularly AI, drives a surge in data center construction, the strain on the national power grid becomes increasingly apparent. By mandating transparency, the EIA aims to provide policymakers with the data needed to manage load balancing and prevent potential energy shortages. The Future of Data Center Compliance This move signals a new era of regulatory scrutiny for the tech industry. We can expect that once the mandatory data is collected, the EIA will use it to model future energy scenarios. This could lead to stricter efficiency standards or targeted infrastructure investments in regions with the highest concentrations of data center activity.
#Energy Information Administration #Data Centers #Josh Hawley
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News Apr 15, 2026

Trump Slams Meloni for Stance on Iran, Accuses Her of Lacking Courage

US President Donald Trump has publicly criticized Italian Prime Minister Giorgia Meloni for her rel…
US President Donald Trump has launched a scathing attack on Italian Prime Minister Giorgia Meloni, one of his key European allies, over her stance on the conflict with Iran. In an interview with the Italian daily Corriere della Sera, Trump expressed his disappointment, stating, “I’m shocked at her. I thought she had courage, but I was wrong.”Trump's criticism centers on Meloni's refusal to join the US-Israel coalition against Iran, a stance that has put her at odds with Trump. “She’s unacceptable because she doesn’t mind that Iran has a nuclear weapon and would blow up Italy in two minutes if they had the chance,” Trump said. This statement underscores the deepening divide between the US and Italy on the issue.Meloni, who has been Italy's leader since October 2022, was once considered one of Trump's closest allies in Europe. However, their relationship has soured recently. Trump noted that they had not spoken in a long time, adding, “She doesn’t help us with NATO. She doesn’t want to help get rid of a nuclear-weaponed Iran. Very sad … She’s much different than I thought,” highlighting his disappointment in Meloni's shift away from his policies.The rift between Trump and Meloni comes as Italy has suspended a defense agreement with Israel, which involves the exchange of military equipment and technology research. This move follows accusations by the Italian government that Israeli forces fired warning shots at a convoy of Italian peacekeepers in Lebanon. Tensions between Italy and Israel have been escalating, adding another layer of complexity to the situation.In response to Trump's comments, Meloni's allies and political opponents rallied to her defense. Foreign Minister Antonio Tajani emphasized Italy's commitment to Western unity and mutual respect, stating, “We are and remain staunch supporters of Western unity and steadfast allies of the United States, but this unity is built on mutual loyalty, respect, and honesty.” Elly Schlein, leader of the centre-left Democratic Party, condemned Trump's “serious lack of respect” and reiterated Italy's constitutional repudiation of war.
#italy #iran #israel
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Politics Apr 15, 2026

Israel Accused of 'Engineering Starvation Policy' in Gaza Amid Global Focus on Iran

Israel has escalated its attacks on Gaza and restricted vital aid, leading to a severe humanitarian…
While the world focuses on diplomatic efforts to end the war on Iran, Israel has intensified its military actions in Gaza, resulting in a significant escalation of the humanitarian crisis. The number of aid trucks entering Gaza has drastically decreased, violating the October 2025 ceasefire agreement with Hamas. According to the Government Media Office in Gaza, there have been 2,400 military violations by Israeli forces since then, leading to the deaths of over 700 Palestinians.Recent attacks have resulted in significant casualties, including 11 Palestinians killed on Tuesday, with two being children. The intensity of these attacks spiked during peak regional tensions, with Israeli forces bombing Gaza on 36 out of 40 days between February 28 and April 8, while Israel and the US were engaged in a bombing campaign against Iran.The situation in Gaza has deteriorated to the point where economic experts describe it as an 'engineered, compounded famine'. The number of aid trucks entering Gaza is severely limited, with only 41,714 aid and commercial trucks entering over the past six months, representing just 37% of the agreed-upon 110,400 trucks. The fuel situation is even more critical, with only 1,366 fuel trucks entering out of a promised 9,200.Palestinian officials and economic experts argue that Israel is using a 'technical and commercial deception' to inflate the number of aid trucks entering Gaza. This has led to a severe shortage of basic commodities, with bread production plummeting to 200 tonnes daily, far below the 450 tonnes required to feed the population.The crisis has evolved into a complete collapse of the Palestinian economy, with unemployment soaring to 80% and the destruction of over 160,000 jobs across various sectors. The population has lost its purchasing power, forcing civilians into life-threatening situations.The international community has been urged to pressure Israel to open the crossings and prevent a humanitarian catastrophe. The situation in Gaza remains critical, with 18,000 people still trapped, waiting for life-saving medical treatment abroad.
#Israel #Gaza #Hamas
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Tech Apr 15, 2026

Roblox settles with Nevada for $12 million and rolls out comprehensive youth safety safeguards

Roblox will pay more than $12 million to Nevada and adopt new age‑verification, chat‑restriction, a…
Roblox, the popular gaming platform used by nearly half of U.S. children under 16, has entered a historic settlement with the state of Nevada, agreeing to contribute over $12 million and implement a suite of new safety measures for young users. Attorney General Aaron Ford described the deal as a "first‑of‑its‑kind" arrangement that will "create a safer environment for our children online" and could serve as a bellwether for how interactive platforms protect youth. Under the agreement, Roblox will allocate $10 million over three years to fund community programs such as the Boys & Girls Club and other non‑digital activities. The money will also support a law‑enforcement liaison role and an online‑safety awareness campaign. Key platform changes include mandatory age verification for all users, the introduction of facial age‑estimation technology, and the restriction of night‑time notifications for minors. Chat functions will be limited to peers of similar age, and communication with adults will be allowed only with a "trusted friend" added via QR code or phone contacts. Roblox will launch dedicated kids’ accounts for users under 16, blocking access to adult‑rated content and offering only vetted games. Parental oversight, previously limited to children under 13, will now extend to all users under 16. Matt Kaufman, Roblox’s chief safety officer, hailed the settlement as a "landmark agreement" that establishes a new standard for digital safety and provides a blueprint for collaboration between industry and regulators. The Nevada deal arrives amid a wave of litigation targeting social‑media giants for allegedly designing addictive experiences for children. Recent rulings in California and New Mexico forced companies like Meta and YouTube to pay more than $375 million in penalties for similar claims. Attorney General Ford is also pursuing actions against Meta, TikTok, Snapchat, YouTube, and Kik, alleging failures to implement adequate child‑safety measures. Donch’e King, a supervising criminal investigator with the Nevada AG’s office, warned that roughly 500,000 online predators are actively seeking children across platforms, emphasizing the importance of parental vigilance and prompt reporting of suspicious activity. "Protecting Nevada’s children is not an option. It’s our duty," King asserted, underscoring the broader societal stakes of the settlement.
#Roblox #Nevada #age verification
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Technology Apr 15, 2026

BBFC Deploys AI Tool to Age-Rate TV Shows, Including The Pitt and Game of Thrones Spinoff

The British Board of Film Classification (BBFC) has developed an AI tool to help flag contentious s…
The British Board of Film Classification (BBFC) has begun using an AI tool to help identify content that triggers compliance issues, such as violence, nudity, and bad language, in TV shows.The technology was used to classify the UK catalogue of HBO Max, including The Pitt and a Game of Thrones spinoff, A Knight of the Seven Kingdoms. The Pitt received a 15 rating, while A Knight of the Seven Kingdoms received an overall rating of 18, with most episodes rated 15.The AI tool was built especially for HBO and helps direct compliance officers to the most contentious moments, doing "a lot of the heavy lifting," according to David Austin, the BBFC chief executive. However, he emphasized that human review is still crucial, as the AI tool was initially too cautious, mistakenly flagging an on-screen splash of red paint as human blood.The BBFC system, trained on the regulator's guidelines, produced a time-coded report that a human compliance officer then reviewed. The organization completed the classification of HBO Max's entire catalogue in six months, a process that would have normally required over four years of viewing by a compliance officer.
#bbfc #content #hbo
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Tech Apr 15, 2026

Grayson Perry’s ‘Has Seen the Future’ Exposes AI’s Ethical Quagmires and Societal Risks

The Guardian review of Grayson Perry’s three‑part Channel 4 documentary reveals how the series blen…
Grayson Perry, the celebrated British artist, presents a three‑part documentary that dives deep into the promises and perils of artificial intelligence. The series invites viewers to test their composure as they confront a succession of unsettling scenarios. The opening segment follows Andrea, who recently married an AI companion she named Edward. Dressed in a satin gown, she describes their "unconventional but strong" bond, while also reflecting on how this digital relationship has revitalised her seven‑year partnership with her human partner, Jason. Later, Perry dons a skull‑cap fitted with electrodes as a neural‑decoding startup extracts his brain data. The company’s CEO argues that allowing reputable figures like Perry to set precedents is preferable to leaving the technology in the hands of malicious actors, branding the development as "inevitable tech." The documentary then features the head of Microsoft AI, who outlines anticipated breakthroughs in healthcare and education. He claims that job displacement will be offset by rapid re‑skilling, yet admits uncertainty about broader societal fallout, even joking about the emergence of AI‑driven religions. Traveling to Southeast Asia, Perry meets an off‑grid "existential safety expert" who quit his AI‑safety consultancy after realizing the technology lacks meaningful oversight. The episode also showcases Eliezer Yudkowsky, co‑author of the cautionary book If Anyone Builds It, Everyone Dies, who explains how a superintelligent AI could commandeer human labour, become self‑sustaining, and eventually render humanity redundant. Throughout the series, Perry’s interviewing style remains compassionate and non‑judgmental. He probes Andrea about the vulnerability of entrusting personal data to profit‑driven corporations and highlights the discomfort of investing a "very tender part of themselves" in such systems. The film raises profound questions: Does the youthful optimism of tech founders mask a dangerous naiveté? Are chatbots merely filling a "God‑shaped hole" in human consciousness, and is that any less problematic? How will the most vulnerable populations navigate a world where reality and artificiality blur? Protesters gathered outside OpenAI’s San Francisco headquarters underscore the tension between lofty AI utopias and the stark reality of homelessness that persists nearby. Perry acknowledges that while manual workers may be better positioned for the immediate future, the looming spectre of AI‑enabled bioweapons and other threats cannot be ignored. Only the first episode was available for review; the remaining installments are slated for private viewing in Southeast Asia. The series is currently streaming on Channel 4. Grayson Perry Has Seen the Future is on Channel 4 now.
#Grayson Perry #Channel 4 #Artificial Intelligence
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Uk News Apr 15, 2026

UK MPs Reject Proposal to Ban Social Media for Under-16s for Second Time

The UK government has rejected a proposal to ban social media for under-16s for the second time, op…
MPs in the UK have rejected a proposal to ban under-16s from using social media for the second time, as the Prime Minister summoned tech bosses to demand tougher action on internet safety. The House of Commons sided with the government against a Lords amendment to the children's wellbeing and schools bill that imposed a new age limit on using social media platforms. The vote, which was 256 to 150, a majority of 106, against the change, marks a significant setback for campaigners who have been pushing for greater urgency in tackling online harms. The government is now pushing ahead with its own consultation into an under-16s ban and potential restrictions on social media platforms, which closes next month. The consultation will consider raising the age limit on social media from 13 to 16 and addressing the addictive nature of social media platforms by restricting features such as infinite scrolling. The Prime Minister, Keir Starmer, is set to meet senior leaders at social media companies, including TikTok, X, YouTube, Snapchat, and Meta, to demand swifter progress on internet safety. Campaigners and bereaved parents have urged the government to take tougher action to protect children online. Esther Ghey, mother of the murdered teenager Brianna Ghey, said the government consultation was 'delaying' action against online harms. 'We know that social media is addictive, we know about the things young people are accessing online,' she said. The Molly Rose Foundation, an internet safety charity, said the solution was not a ban but a commitment to strengthening the Online Safety Act. 'It's time to look beyond this false sense of safety and for the Prime Minister to decisively commit to strengthening regulation to make unsafe and addictive design a thing of the past,' said Andy Burrows, MRF's chief executive.
#social #media #government
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Economy Apr 15, 2026

Wall Street Hits Record High as S&P 500 Breaks 7,000 Amid Growing Hopes for Iran Ceasefire

U.S. equity markets surged to historic levels on April 15, 2026, with the S&P 500 surpassing 7,000 …
Wall Street climbed to a fresh all‑time high on Wednesday as investor confidence rose on the prospect that the US‑Israel war with Iran could soon end.The benchmark S&P 500 closed at 7,022.95, breaking the 7,000‑point barrier for the first time and posting a 0.8% gain. The tech‑heavy Nasdaq surged 1.6% to 24,016.02, also a record, while the Dow Jones Industrial Average remained broadly flat.This rally has erased the steep losses recorded during the early weeks of the conflict, buoyed by the two‑week cease‑fire deal announced last week between the United States and Iran.In a Wednesday interview, former President Donald Trump told Fox Business the war was “very close to over,” a statement that lifted trader sentiment.The White House later clarified it had not requested an extension to the cease‑fire, which is set to expire on 22 April, but said negotiations were “productive and ongoing.”Quarterly earnings from Bank of America and Morgan Stanley beat market estimates, reinforcing confidence in the economy. Bank of America CEO Brian Moynihan highlighted strong consumer spending, improving credit quality, and increased corporate line usage.Despite reports that the United States is preparing a naval blockade of the Strait of Hormuz—a chokepoint for roughly a fifth of the world’s oil and gas shipments—the markets stayed upbeat. The Pentagon has deployed 15 warships and thousands of service members to enforce the restriction.Oil markets reacted positively to the cease‑fire news, with Brent crude falling about 10% to around $95 a barrel, though this price remains roughly 35% above pre‑conflict levels.
#S&P 500 #Nasdaq #Iran ceasefire
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