Breaking AI & Tech News Analyzed

Shell is poised to report a substantial increase in profits from its commodity trading activities in the first quarter, driven by recent market volatility sparked by the Iran crisis. The energy giant's chemicals and products unit, which encompasses its primary oil trading desk, is expected to see a significant boost in trading results.The company's trading windfall is particularly notable in its renewable energy division, with predicted earnings ranging from $200m to $700m in the first quarter, up from approximately $100m in the previous quarter. This surge is attributed to the historic price rises in oil and gas markets following Iran's retaliation to US-Israeli aggression, which included throttling energy trade through the Strait of Hormuz and launching strikes against key energy infrastructure in the Gulf region.However, Shell's gas production is expected to decline by about 5% to between 880,000 and 920,000 barrels of oil equivalent per day, compared to 948,000 in the fourth quarter, due to the impact of the Middle East conflict on its assets in Qatar. A strike damaged Shell's assets at the Ras Laffan liquified natural gas (LNG) complex in Qatar, contributing to the expected decline.Despite these challenges, Shell's boss, Wael Sawan, has warned that Europe could face an energy and fuel shortage in April without a reopening of the Strait of Hormuz. The company is working with governments to address the oil and gas supply crisis, which has already led to energy rationing in some Asian countries.

India's nuclear program has reached a significant milestone with its prototype fast breeder reactor (PFBR) achieving criticality, a self-sustaining nuclear chain reaction. Located in Kalpakkam, Tamil Nadu, the 500 megawatt electrical (MWe) reactor is a major leap forward for India's atomic energy ambitions. The PFBR is only the second commercial fast breeder reactor in the world, following Russia's. This advanced reactor design produces more fissile material than it consumes, using a mix of uranium and plutonium as fuel. The reactor's success is a crucial step towards India's goal of significantly increasing its nuclear energy capacity. Indian Prime Minister Narendra Modi hailed the achievement as 'a proud moment for India' and 'a defining step' in advancing the country's nuclear program. The reactor is designed to enable India to extract greater energy from its limited uranium reserves while paving the way for large-scale deployment of thorium-based reactors. India has more than 25 percent of the world's thorium reserves, which are four times larger than uranium reserves globally. The country's three-stage nuclear program aims to utilize thorium as a primary fuel source in the third stage, with the PFBR serving as a critical component in this process. Experts highlight that the PFBR's success could inspire other countries to adopt similar technology, but challenges remain, including high costs and technical complexities. The reactor's electricity generation is expected to be more expensive than alternatives, including solar energy. Despite these challenges, India's achievement marks a significant advancement in nuclear technology and energy security, particularly for a country with growing energy demands and a desire to reduce dependence on fossil fuels.

Researchers at Rothamsted Research in Harpenden, Hertfordshire, have made a groundbreaking discovery in the field of food safety. By utilizing Crispr genome editing, they have successfully developed wheat that can be used to make bread with reduced levels of acrylamide, a toxic compound classified as a probable carcinogen.The innovation lies in the reduction of free asparagine, an amino acid in wheat that converts into acrylamide when bread is toasted, fried, or baked. Field trials over two years demonstrated that gene-edited wheat can have significantly lower concentrations of free asparagine without impacting crop yields. This translates into lower acrylamide formation in food products, making toasted bread safer for consumption.In tests, bread and biscuits made from the edited wheat showed substantially reduced acrylamide levels, with some bread samples having concentrations below detectable limits even after toasting. The Crispr editing targeted the gene responsible for asparagine production, achieving a reduction of up to 93% in free asparagine in dual-edited lines.Compared to conventional methods that achieved a 50% reduction in free asparagine but resulted in a 25% yield penalty, the Crispr-edited wheat offers a more efficient and effective solution. Dr. Navneet Kaur, a lead researcher, highlighted the potential of Crispr technology to deliver precise, beneficial changes in crop genetics, emphasizing the importance of supportive regulatory frameworks to unlock benefits for agriculture and food systems.The UK has become a global hub for gene editing research since Brexit, with the Genetic Technology (Precision Breeding) Act of 2023 facilitating the development and marketing of genetically modified crops. However, the future of these advancements may be influenced by negotiations with the EU over sanitary and phytosanitary agreements.Prof. Nigel Halford, who led the study, noted that low-acrylamide wheat could help food businesses meet safety standards without compromising product quality or incurring major costs, ultimately reducing consumers' dietary exposure to acrylamide.

In the run-up to the state assembly election in Assam, India, the ruling Bharatiya Janata Party (BJP) is employing a strategy that combines Hindu nationalism with welfare schemes to woo voters.The party, led by Prime Minister Narendra Modi, has been accused of pursuing a hardline Hindu supremacist agenda in Assam, coupled with a xenophobic campaign targeting the state's Muslim population, which constitutes 34% of Assam's 31 million people.At a recent election rally in Morigaon district, BJP leaders highlighted the welfare schemes launched by Chief Minister Himanta Biswa Sarma's government, including a direct benefit transfer scheme called Orunodoi, which provides financial aid to women. Nitin Nabin, the BJP's national president, claimed these schemes benefited the Assamese people, especially women.The BJP's strategy in Assam has been described as a 'cocktail of Hindutva and welfarism' by Akhil Ranjan Dutta, a political science professor at Assam's Gauhati University. 'The BJP is experimenting with a brand of Hindutva by co-opting Indigenous armed struggle and cultural nationalism, while solidifying Hindu identity and othering the Bengali Muslims.'The party's election promises have heightened anxiety among Bengali-speaking Muslims, who fear more crackdowns on their community, including a proposal to implement a Uniform Civil Code, which critics say will override Muslim personal laws.Opposition parties and analysts argue that the BJP is mainly milking two cash transfer schemes – Orunodoi and Udyamita – to influence voters in this election. Economist Joydeep Baruah estimates that at least 10 to 15% of the scheme's four million women beneficiaries could vote for the BJP.The BJP's tactics have been criticized by opposition parties and human rights groups, who accuse the party of vote buying and polarizing the electorate along communal lines.

The Grand National continues to be a major highlight in the horse racing calendar, with its enduring popularity and cultural significance in the UK. Despite ongoing concerns about horse welfare, the event has seen a decrease in serious injuries and fatalities in recent years, thanks in part to modifications made to the course.The Grand National has a long history dating back to 1839 and remains one of the most-watched and highly bet-on events in the sport. While animal rights groups continue to criticize the race, citing concerns over horse safety, the sport's governing bodies have implemented various measures to minimize risks.In recent years, there has been a steady reduction in the number of fallers in the National, with data showing a decline from 8-8-4-4-6-4-5-4-4-0-3 fallers between 2014 and 2025. The 2024 and 2025 runs, with easier fences and a maximum field of 34, recorded the lowest and third-lowest numbers of fallers this century.Despite these improvements, fatalities still occur, and the RSPCA has called for lessons to be learned from recent incidents, emphasizing that 'one death is too many.' The organization has highlighted the need for continued vigilance and improvement in horse welfare and safety protocols.The racing community continues to evolve, with jockeys and trainers working to balance the thrill of competition with the imperative of protecting the animals involved. As the sport prepares for upcoming events, including the Grand National, there is a renewed focus on safety, welfare, and the integrity of the sport.

A federal appeals court has ruled that New Jersey gaming regulators cannot prevent Kalshi from allowing people in the state to use its prediction market to place financial bets on the outcome of sporting events. The decision marks a significant victory for Kalshi and similar prediction market operators.The three-judge panel of the Philadelphia-based third US circuit court of appeals ruled 2-1, finding that the US Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction over the sports-related event contracts that Kalshi allows people to trade on its platform.This ruling is a major setback for states like New Jersey, which had argued that firms like Kalshi were operating without required state licenses, in violation of gaming laws, including bans on wagers by those under 21. New Jersey had sent Kalshi a cease-and-desist letter last year, stating that its listing of sports-related event contracts on its platform violated state gambling laws.Kalshi had sued the state, arguing that its event contracts qualify as “swaps”, a type of derivative contract, that under the Commodity Exchange Act can only be regulated by the CFTC, which had granted the company a license to operate a designated contract market (DCM).The ruling was in line with the position advanced by the CFTC under Donald Trump’s administration. The regulator sued Arizona, Connecticut, and Illinois last week to prevent them from pursuing what it called unlawful efforts to regulate prediction markets.“Congress gave the CFTC exclusive jurisdiction over trades on DCMs, and this decision affirms the goals of Congress,” said Brooke Nethercott, a CFTC spokesperson.However, US circuit judge Jane Richards Roth dissented, saying Kalshi was facilitating gambling and that its “offerings were virtually indistinguishable from the betting products available on online sportsbooks, such as DraftKings and FanDuel”.The New Jersey attorney general's office said it was evaluating its options, including potentially asking the full third circuit to rehear the case.

Iran’s nationwide internet outage, which started on 28 February following the first US‑Israel strikes, has now stretched beyond 38 days, making it the most prolonged country‑wide shutdown since the Arab‑spring era. Authorities ordered a total cut‑off of global internet services on the day the conflict began, after a brief shutdown in January amid nationwide protests. More than five weeks without external connectivity has left most Iranians dependent on state‑run television and a single satellite channel for news. According to Amir Rashidi, director of the Iran‑focused human‑rights group Miaan, many citizens are unaware of the full scale of the war because “their only sources are Iranian state television and one satellite channel.” This limited media environment means Iranians receive information filtered through government agendas. Doug Madory, director of internet analysis at Kentik, noted that while sub‑national outages have occurred in places like Myanmar, Ukraine and Gaza, Iran’s shutdown is the longest and most severe at the national level since Libya’s six‑month blackout during the Arab Spring. Sudan’s 37‑day shutdown in 2019 is the only comparable recent case. In response, the regime has pushed users onto the National Information Network (NIN), a domestic intranet under development for 16 years. The NIN provides parallel services—local search engines, an Iranian‑styled streaming platform, and messaging apps—but operates under strict government monitoring. Platforms are known to hand over user data to authorities. A Miaan Group report highlighted that domestic search engines censor key terms. For example, searches for “war” or “ceasefire” on Gerdoo, Iran’s home‑grown Google alternative, return no results, while another local engine frames the conflict as a decisive Iranian victory. Circumventing the blackout is costly and risky. Some Iranians travel overland to Turkey to regain connectivity, while others purchase VPNs or special SIM cards on a hidden market at prices ranging from $6 to $24 per gigabyte—five to twenty times the global average—effectively turning internet access into a luxury commodity. Despite the human and economic toll, Miaan Group warns that the shutdown is likely to persist as the government continues to promote the NIN, even though many of its services remain unreliable or non‑functional. There is no clear indication that unrestricted internet access will be restored in the near future.

Jamie Dimon, chairman and chief executive of JPMorgan Chase, used his highly‑watched annual letter to shareholders to press the White House to strengthen economic cooperation with U.S. allies, warning that a decline in shared prosperity could produce "truly adverse consequences" for democratic nations.His message arrives as the Iran‑Israel conflict enters its sixth week, a war that has already rattled global energy markets. Economists cited in the letter caution that prolonged fighting could push oil prices above $170 a barrel, a level capable of triggering a worldwide recession.Dimon’s appeal is widely read as a thinly‑veiled rebuke of President Donald Trump. Earlier this year, Trump filed a $5 billion lawsuit against Dimon and JPMorgan, accusing the bank of “de‑banking” him. The timing of Dimon’s comments—just days after Trump’s aggressive rhetoric urging foreign governments to "go get your own oil"—underscores the growing rift between the bank’s leadership and the administration."Economic weakening of the world’s democracies or a fragmentation of their economic bonds could lead to truly adverse consequences," Dimon wrote. He warned that adversarial states aim to make allies less dependent on the United States, potentially turning them into economic “vassals” of hostile regimes.Beyond geopolitics, Dimon highlighted the broader macro‑economic outlook. He warned that the war could generate "sticky" inflation, higher commodity prices, and disrupted supply chains, which together may force interest rates higher than markets currently anticipate. He echoed other economists in warning that inflation could rise rather than fall in 2026.Despite these challenges, Dimon expressed optimism about the U.S. economy, affirming his belief that "the American Dream is alive." He also turned to emerging technology, noting that artificial intelligence could deliver breakthroughs in healthcare, manufacturing, and safety, ultimately shortening the work week and extending life expectancy.Dimon’s annual letter—spanning nearly 50 pages and more than 20,000 words—remains a barometer for Wall Street sentiment. In it, he also critiqued the administration’s tariff policy, arguing that while tariffs have forced renegotiations, a comprehensive foreign‑economic strategy should promote growth both for the United States and its partners.As transatlantic relations strain under soaring energy costs and divergent trade policies, Dimon’s call for a coordinated economic front underscores a pivotal moment: the United States must decide whether to lead a cohesive democratic coalition or risk ceding influence to autocratic powers.

The United States succeeded in extracting the remaining crew member of an F‑15E Strike Eagle that was downed over Iran, but the 48‑hour rescue exposed the high financial and operational risks of the conflict.While former President Donald Trump is likely to spin the operation as a propaganda win, analysts note that the incident – occurring just five weeks into the war – is a stark reminder that an undefeated Iran can still inflict costly setbacks on U.S. forces.The aircraft was the first U.S. warplane shot down by hostile forces since 2003, highlighting the rarity of such losses in a campaign where U.S. and Israeli jets are reportedly conducting 300‑500 airstrikes per day on Iranian targets.Financially, the episode was significant. An F‑15E costs roughly $31 million (potentially up to $100 million for a new model), while each modified C‑130 Hercules rescue transport carries a list price of about $115 million. Two of these were lost after becoming stuck on an abandoned airstrip south of Isfahan and were destroyed by U.S. forces to prevent capture. An HH‑60 Pave Hawk helicopter also sustained gunfire damage.Combined, the destroyed and damaged airframes push the total expense of the rescue operation beyond $250 million, a figure that dwarfs the strategic value of a single crew member.Before the conflict, the U.S. special‑force command fielded 218 F‑15E Strike Eagles and 55 C‑130s, according to the International Institute for Strategic Studies, underscoring that the loss of a few aircraft, while costly, does not fundamentally alter U.S. air superiority.Politically, the rescue was essential to avoid a Tehran propaganda coup reminiscent of the 1979‑80 U.S. embassy hostage crisis. Capturing an American airman would have provided Tehran with a powerful bargaining chip.Iranian forces failed to locate the crew or contest the U.S. use of the abandoned airfield, possibly due to the presence of Reaper drones tasked with neutralising any Iranian personnel within a three‑kilometre radius.The incident also raises doubts about the feasibility of a proposed U.S. ground operation to seize an estimated 440 kg of highly enriched uranium hidden in underground canisters near Isfahan. The loss of rescue assets illustrates the heightened risk of any such incursion.Despite more than 15,000 airstrikes against Iran to date, Tehran can still turn relatively minor U.S. or Israeli losses into a propaganda victory, proving that in an asymmetric conflict the weaker side needs only a single lucky strike to make a global impact.