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Business May 10, 2026

UK Expected to Fully Nationalise British Steel in King's Speech

The UK government is expected to announce the full nationalisation of British Steel in the King's s…
The Nationalisation Plan The full nationalisation of British Steel is expected to be announced in the King’s speech this week, a year after the government took over the daily running of the loss-making business from its Chinese owner. The Background of British Steel The steelmaker, which employs 3,500 people at its plant in Scunthorpe, came under government control last April amid fears that its owner, Jingye, was planning to shut down the site. British Steel operates the last two remaining blast furnaces in the UK, but its economic control remains with the Chinese company, which bought it out of insolvency in early 2020. The Financial Implications By the end of January this year, the cost of keeping British Steel running had risen to £377m, and could exceed £1.5bn by 2028 if it continues at its current rate, according to estimates from the National Audit Office. The Impact on the Steel Industry The company has attracted interest from potential buyers, with the Miami-based retail investor Michael Flacks having declared himself “very” interested in buying it in February. Earlier this month, Sev.en Global Investments, the owner of the UK’s largest electric steelworks, suggested the government should find a single buyer for British Steel and Speciality Steel UK, a move that would create the country’s biggest steelmaker. The Future Outlook Although the sector is much smaller than its peak in the 1970s, British Steel is still an important employer in Scunthorpe and supports tens of thousands of jobs in the extended steel supply chain. Network Rail sources about 95% of its track from the plant.
#British Steel #UK Government #Nationalisation
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Science May 10, 2026

Pirouetting and gaping: mysterious whale behaviour documented as humpback migration begins

Rare gaping behavior in humpback whales, where they open their mouths wide without feeding, has bee…
The LeadOn the coast of Western Australia, a humpback whale performs an underwater ballet, sweeping its pectoral fins through the water while its massive jaw hangs wide open. This rare behavior, known as 'gaping,' has been captured on camera and analyzed by scientists, revealing new insights into the mysterious social lives of these marine giants.The Mysterious Gaping BehaviorThis underwater ballet, captured on camera by an onlooker and shared online, is one of the clearest examples of a rarely documented phenomenon known as 'gaping.' As autumn chills Australia's east coast, the ocean transforms into a bustling humpback highway, with May marking the mammals' annual migration from Antarctic waters to the warmer breeding grounds of Queensland and northern New South Wales.Scientists believe gaping may be a social display or a way for calves to stretch their mouths before feeding. 'It was so unusual to see this happen,' says Dr Vanessa Pirotta, a renowned Australian whale scientist and co-author of the paper. 'When I heard the commentary of people watching it, I knew it was rare.'Citizen Science BreakthroughJust in time for this year's migration, a Macquarie University study has proven the power of citizen science. Social media footage of 66 humpbacks – including WA's pirouetting whale – reveals their mysterious jaw-gaping behavior could be a social display.'Just when we think we know a lot about humpback whales, we don't,' says Dr Pirotta. 'Tourism operators and citizen scientists spend hours observing whales and are a powerful resource for capturing and reporting on behavior.'The researchers have termed the behavior 'gaping' – and believe it could be play, social signalling, interacting with debris, or calves stretching their jaws around mealtimes.Understanding Whale CommunicationVeteran humpback researcher Dr Olaf Meynecke, currently surveying marine life off South Australia on the CSIRO research vessel Investigator, notes that baleen whales typically open their jaws wide when feeding.'Concentrated prey, either fish or krill on the surface, is being taken in by [the whale] coming from the depth and lunging out with a wide open mouth,' Meynecke explains. However, the gaping behavior observed during migration appears to be different from feeding, suggesting a complex social dimension to whale communication.Future of Whale ResearchThe documentation of gaping behavior highlights the growing importance of citizen science in marine research. As whale populations continue to recover from historical whaling, understanding their complex behaviors becomes increasingly important for conservation efforts.With migration seasons bringing more whales closer to shore, opportunities for citizen scientists to contribute to research will continue to grow. The combination of professional researchers and dedicated observers creates a comprehensive approach to understanding these magnificent creatures and their underwater world.
#Humpback Whales #Migration #Citizen Science
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Tech May 10, 2026

Silicon Valley's Fashion Obsession: Tech Firms Embrace Style to Build Cultural Capital

Silicon Valley tech firms are increasingly embracing fashion and style, particularly the French cho…
The LeadIn an unexpected cultural shift, Silicon Valley's tech giants are increasingly turning to fashion and style to build cultural capital and reshape their public image. The latest manifestation of this trend is the embrace of the French chore jacket—a durable, versatile workwear piece that has become almost ubiquitous over the past two decades. From Palantir's $239 denim jacket that sold out in hours to Anthropic's high-end collaborations and OpenAI's retro-themed merchandise, tech companies are strategically using fashion to appear more culturally relevant and acceptable.The Fashion-Tech ConvergenceThe most striking example is Palantir's recent merch drop featuring a denim chore jacket priced at $239. Despite the company's controversial involvement with the Trump administration's deportation drive and Israel's military operations, the 420 jackets sold out within hours. Eliano Younes, head of strategic engagement at Palantir, framed the jacket as part of the company's commitment to "re-industrializing America," noting it was made in Montana and designed to recall workwear of a previous era.Palantir is not alone in this fashion pivot. AI company Anthropic collaborated with Air Mail, a high-end digital newsletter, to host pop-ups at newsstands in New York and London, offering "thinking" caps and coffee. Meanwhile, OpenAI has embraced a deliberately retro aesthetic for its online merchandise store, designed to look like a website from the 1990s—a clear attempt to capitalize on the trend of harking back to a less corporate, more democratic iteration of the web.The Cultural Capital StrategyThese moves are not merely about selling products; they represent a calculated effort to acquire cultural capital. As one style commentator noted of Palantir's jackets, "they need cultural capital to be perceived as acceptable in the zeitgeist." The chore coat, in particular, has become "the defining signifier of a casually alternative taste," making it an appealing proxy for tech firms keen to be seen as cool, fun and tasteful.This fashion obsession reflects a broader pattern of technocapitalists expanding their influence across cultural domains. For decades, tech companies have been "hoovering up everything in front of them, Pac-Man-style"—book stores, music, hotels, homes, taxis, food delivery, and even water. The fashion pivot represents the latest frontier in this expansion, as tech firms seek to transcend their purely functional image and embed themselves more deeply in cultural conversations.The Industry ImpactThis trend is reshaping the relationship between tech and culture, blurring traditional boundaries between industries. The Met Gala exemplifies this convergence, where tech elites like Amazon's Jeff Bezos and his wife Lauren Sánchez gained top table access through a $10m donation. The event raised a record-breaking $42m, with tech companies including OpenAI, Meta, and Snap purchasing tables for at least $350,000 each.The presence of tech leaders at cultural events and their embrace of fashion signals a significant shift in how these companies position themselves. Rather than merely disrupting industries, they now seek to participate in—and influence—cultural production. This represents a maturation of tech's cultural ambitions, moving beyond disruption toward integration and influence across all aspects of society.The Future OutlookAs tech companies continue to expand their cultural footprint, we can expect more collaborations between tech firms and fashion brands, more tech executives participating in cultural events, and more tech merchandise that blurs the line between functional and fashionable. This trend may also lead to increased scrutiny of tech companies' cultural influence, as they wield both economic and cultural power.Ultimately, Silicon Valley's fashion obsession reflects a deeper truth: tech companies recognize that cultural relevance is as important as technological innovation in shaping their public perception and long-term success. In an industry often criticized for its lack of taste and cultural sensitivity, the embrace of fashion represents both a defensive strategy and an ambitious attempt to redefine what it means to be a tech company in the 21st century.
#Palantir #Anthropic #OpenAI
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Business May 10, 2026

Who is Louis Mosley, Palantir's Defender Against Critics?

Louis Mosley, UK and Europe boss of Palantir, is at the forefront of defending the controversial te…
The Rise of Louis Mosley as Palantir's Public Face The hall was packed with rightwing radicals when Louis Mosley heralded a coming revolution. Just as Oliver Cromwell – that “crusader for Christ and liberty” – routed King Charles I’s royalists, “a similar revolution is brewing today”, said the UK and Europe boss of Palantir. Globalism’s “twilight” was upon us, he said in a speech dotted with admiring mentions of the podcaster Joe Rogan and “Elon’s Doge”. Palantir's Controversial Stance and Mosley's Role It was not a typical peroration for a big UK government contractor with more than £600m in deals with the NHS, the Ministry of Defence and police. But Palantir, the world’s most controversial tech company, is no typical contractor. In recent years it has gained firm footholds across Britain’s public sector while appalling critics with its leadership’s rightwing rhetoric and its work for the US and Israeli militaries and Donald Trump’s ICE immigration crackdown. Mosley's Background and Connection to Palantir Mosley is an important figure at Palantir. He is not trained as a technologist, but worked in Tory politics, including spells as an assistant to Rory Stewart and as a councillor in the Royal Borough of Kensington and Chelsea. He read history at Oxford where he met his wife, Nura Khan, a fashion editor, with whom he has four children. He is more likely to be seen reading biographies – Aneurin Bevan and Stalin have been recent subjects – than coding manuals. The Challenges Facing Mosley and Palantir Calls are growing for Keir Starmer’s government to cut its ties with the company that was co-founded by the Trump-backing tech billionaire Peter Thiel. It means Mosley has become a lightning rod for public fear of a US tech takeover of the British state. It has fallen to him to fight back. Almost daily his boyish features can be seen defending Palantir against its critics on X.com, on podcasts and on BBC News sofas. The Future of Palantir and Mosley's Role Mosley has embraced the foundational idea of Palantir, launched after 9/11 to help the US win the war on terror. It was named after the all-seeing crystal stones from The Lord of the Rings, which, as Mosley later explained, “are made by the goodies – by elves – but they fall into the hands of the baddies – the wizards – and they get used for evil purposes”. It is, said Mosley, a constant reminder that “you’re building a very, very powerful tool, and in the wrong hands, very powerful tools can be extremely dangerous. But in the right hands, they can be used to do extraordinarily good things.”
#Palantir #Louis Mosley #Peter Thiel
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Tech May 10, 2026

The Dark Side of Anthropic's Mythos AI: A Threat to Global Security

Anthropic's new AI model, Claude Mythos Preview, is capable of finding security vulnerabilities in …
The Emergence of Mythos AI Anthropic's recent announcement about its new model, Claude Mythos Preview, has raised both excitement and concern. The model is remarkably effective at finding security vulnerabilities in software, but Anthropic has decided not to release it to the general public. Instead, it will only be available to a select group of companies to scan and fix their own software. The Capabilities of Mythos AI While Anthropic's model is impressive, it's not unique. Other models, such as OpenAI's GPT-5.5, have comparable capabilities. The UK's AI Security Institute found that GPT-5.5 can also find software vulnerabilities. Additionally, smaller and cheaper models have been able to reproduce Anthropic's published results. The Financial Implications of Mythos AI The high cost of running Mythos AI is a significant factor in Anthropic's decision not to release it publicly. The company's valuation can be boosted by hinting at the model's capabilities without actually proving them. This strategy allows Anthropic to maintain a competitive edge while limiting access to the model. The Impact on Cybersecurity The emergence of models like Mythos AI has significant implications for cybersecurity. These models can be used by both attackers and defenders to find and exploit vulnerabilities in software. This could lead to a more dangerous and volatile world, with increased risks of cyber attacks and data breaches. The Future of AI and Cybersecurity As AI models continue to improve, we can expect to see more frequent software updates and a greater emphasis on cybersecurity. However, the long-term implications of these models are more complex. They may be used to find loopholes in complex systems, such as tax codes and regulatory systems, which could have far-reaching consequences for society. The Broader Implications of Mythos AI The capabilities of Mythos AI have broader implications beyond cybersecurity. These models can be used to analyze complex systems and find vulnerabilities, which could be applied to areas such as tax law and environmental regulations. This raises important questions about the potential misuse of these models and the need for careful consideration of their development and deployment.
#Anthropic #Mythos AI #Bruce Schneier
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Business May 10, 2026

UK Pension Scams: Britons Warned Over Inheritance Tax Loophole Scams

Britons are being warned about pension scams that promise to help them avoid inheritance tax change…
The Rise of Pension Scams The caller pitches a great deal. Shift the money saved in your pension and reinvest it in a scheme overseas where you can avoid it being caught under next year’s changes to the UK’s inheritance tax (IHT) system. From April next year, any money left in a defined contribution pension after your death, which is most workplace and all private pensions, will be pulled into the IHT net. How Scams Exploit Uncertainty One of the largest pension providers in the UK, Standard Life, has warned that scams like this will become more common before the changes in April 2027. Although the new rules will not affect everyone – the basic tax-free threshold for an estate is £325,000 – fraudsters will play on any confusion to try to convince people to move their money out of their pension, says Donna Walsh from Standard Life. Scams often start with unsolicited emails, calls, or messages. They might offer a free review of your pension or access to a scheme, or investment, with high returns, often located overseas. Common phrases used by scammers are “pension liberation”, “loan”, “loophole”, “savings advance”, “one-off investment” and “cashback”. Protecting Yourself from Scams Take care if you are called on the phone. Cold calling about pensions is illegal, so treat any unsolicited approaches with suspicion. As with all scams, the fraudsters want you to act impulsively and alone so don’t make any rash decisions and seek a second opinion. The Financial Conduct Authority has an online tool that you can use to check whether a company is authorised. If you want to make changes to your pension, you may want to talk to a regulated financial adviser. The government-backed MoneyHelper service can help find one. Future Outlook “Those with larger pots may be thinking about how best to pass on wealth, particularly where pensions could face inheritance tax and then income tax for beneficiaries,” says Mike Ambery of Standard Life. “For some, that might involve longer‑term planning or decisions about gifting, but there’s rarely a one‑size‑fits‑all answer. What’s important is not to be rushed into action – especially if someone is pushing a ‘quick fix’, or playing on fear.” If you think that a scam is happening, then you should report it to Report Fraud.
#Pension Scams #Inheritance Tax #UK
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Entertainment May 10, 2026

The Psychic Review: A Medium-Strength Exploration of Spiritual Deception

The Psychic, from the creators of Ghost Stories, is a theatrical exploration of spiritualism and de…
The Psychic: A Return to Supernatural TheatreSheila Gold, supposedly Britain's most accurate psychic, wants to be taken seriously by her new clients. "This is not theatre," she warns them, as she lights seven candles for a seance. This is an insider joke, as theatre is exactly what it is—a carefully constructed illusion designed to make audiences question what they believe to be true.The Creative Minds Behind the Spiritual IllusionThe Psychic marks the return of Jeremy Dyson and Andy Nyman after the spooky stage and screen success of Ghost Stories. Now the writer-directors are unnerving audiences again with grinding sound effects and sudden lighting bursts, toying with us to believe and yet not believe in voices from beyond the grave. Where Ghost Stories was an all-male affair, this one is a female-centred tale in which 18-year-old Tara tries to inherit Sheila's fairground wisdom, while matriarch Rosa does all she can to undermine the daughter she schooled.Performances That Bridge Belief and DoubtIn the lead role, Eileen Walsh does an excellent job switching from glitzy entertainer in sparkling pink jacket and matching heels to hard-bitten operator, building on the received wisdom of 10 generations of fortune tellers. The script is littered with the language of showmen, from the jossers whose fortunes they read to the oojas who mentor them, adding to the impression of ancient knowledge being passed down. This creates a rich tapestry of performance that balances skepticism with genuine supernatural possibility.A Tale of Two Halves: Strengths and ShortcomingsDyson and Nyman request that the audience keep the plot twists secret. This is reasonable in the first half where nothing is what it seems. But in the second, the ideas dry up. With little to surprise us beyond the odd jarring sound effect, the play drifts towards Victorian melodrama: too much expository dialogue, too little tension and an ending that is uncharacteristically predictable. The Psychic ultimately delivers medium-strength storytelling that entertains but doesn't fully satisfy.The Place of Spiritual Theatre in Contemporary CultureIn an age of increasing scientific skepticism, plays like The Psychic serve an important cultural function by exploring the human desire to connect with something beyond the material world. The Psychic's exploration of spiritual fraud versus genuine supernatural possibility taps into timeless questions about belief, deception, and the power of suggestion. While this particular production may not achieve the heights of Ghost Stories, it continues a tradition of theatrical supernatural storytelling that continues to captivate audiences.
#The Psychic #Jeremy Dyson #Andy Nyman
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Entertainment May 10, 2026

The Assassination of Margaret Thatcher Review: A Provocative Theatre Adaptation

The Assassination of Margaret Thatcher, a short story by Hilary Mantel, has been adapted into a pro…
The Lead The Assassination of Margaret Thatcher, a short story by Hilary Mantel, has been adapted into a provocative theatre production. The play explores power and powerlessness in the era of IRA hunger strikers and horrendous levels of unemployment. The Event Details The play, adapted by Alexandra Wood, is rooted in the era of IRA hunger strikers, the sinking of the Belgrano, and horrendous levels of unemployment. It is about power and powerlessness, and the sort of direct action that is too much. The production features a talented cast, including Robbie O'Neill and Anita Reynolds. The Impact Analysis The play's exploration of power and powerlessness is timely and thought-provoking. The adaptation of Mantel's story is a bold and exciting piece of theatre that challenges the audience to think about the ramifications of violence and direct action. The Prediction The production is set to run at the Everyman theatre in Liverpool until May 23rd. It is likely to continue to spark important conversations about power, powerlessness, and the impact of violence on individuals and society.
#Hilary Mantel #Margaret Thatcher #Theatre
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Politics May 10, 2026

Wrestling With Trump: How WWE Tactics Defined a Political Era

Munya Chawawa’s documentary 'Wrestling With Trump' argues that the former president’s political per…
The Theatricality of the Oval OfficeComedian Munya Chawawa’s new documentary, Wrestling With Trump, offers a startling new psychological framework for understanding the former president’s meteoric rise. Rather than viewing Trump’s behavior through traditional political lenses, Chawawa posits that his political style has been cribbed entirely from the world of WWE SmackDown. This theory, which Chawawa dubs the 'theory of knocking everyone unconscious,' suggests that the American political stage has been transformed into a wrestling ring where the suspension of disbelief is the ultimate weapon.Deconstructing Trump's WWE PlaybookThe documentary dissects the specific mechanics of Trump’s performance, identifying three core elements borrowed from professional wrestling that have reshaped modern politics:Hyperbole: The fact-allergic triumphalism where reality is bent to fit a narrative, exemplified by the claim that 'Michael Jordan said I’m better at basketball.'Smack Talk: Strategic rudeness and crowd-bullying, seen in nicknames like 'crooked Hillary' and 'sleepy Joe,' designed to belittle opponents while energizing a base.Kayfabe: The willingness to suspend disbelief. This concept is central to the analysis, suggesting that the audience’s belief in the 'reality' of the performance is more important than the truth itself.The Business of Politics and WrestlingThe documentary highlights the symbiotic relationship between the wrestling industry and Trump’s political career. Key moments include Trump’s infamous appearance at WrestleMania 23, the 'Battle of the Billionaires,' where he physically pushed promoter Vince McMahon. The film also notes the crossover of wrestling personalities into the political sphere, such as Hulk Hogan ripping his shirt open at the Republican National Convention in 2024. Perhaps most striking is the appointment of Linda McMahon, former wrestling executive, as the US Secretary of Education, blurring the lines between entertainment and governance.The Erosion of Reality in Public DiscourseChawawa explores the 'Attitude Era' of the early 2000s, characterized by controversy and stereotypes, as a precursor to Trump’s rhetoric. The film interviews former wrestlers who played villainous roles, such as an Italian-American who played a 'villainous Arab' and Dan Richards, who played a character called 'Progressive Liberal' beaten to pulp by crowds. This analysis extends to Chawawa’s own visit to a 'Magathering' (a Trump supporters' night), where he encounters supporters who believe they have personally investigated the '30,000 lies' Trump told in his first term—a twist that underscores the dangerous power of the 'kayfabe' narrative.The Future of Political PerformanceUltimately, Chawawa suggests that we are all now living within a script. By comparing his own experience to Louis Theroux’s forays into the manosphere, Chawawa argues that cultural and political scripts are ubiquitous. The danger lies not in the performance itself, but in forgetting that it is a performance. As the line between the theatre of wrestling and the reality of politics continues to dissolve, the challenge for the public becomes maintaining the awareness that the show is on, even when the audience believes the drama is real.
#Donald Trump #WWE #Munya Chawawa
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