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AI‑Driven Power Race The AI boom is prompting the biggest wave of power‑infrastructure investment since the early days of cloud computing. Companies are scrambling to lock in natural‑gas supplies and build on‑site generators, a move that could reshape electricity markets in the southern United States. Scale of the Projects Microsoft is partnering with Chevron and Engine No. 1 to construct a natural‑gas plant in West Texas that could reach 5 GW of capacity. Google has confirmed a collaboration with Crusoe for a 933 MW plant in North Texas. Meta is adding seven more plants to its Hyperion data‑center complex in Louisiana, bringing total on‑site capacity to 7.46 GW—enough, the company notes, to power the entire state of South Dakota. Combined, these projects exceed 13 GW, roughly equivalent to the average electricity demand of a mid‑size U.S. state. Supply Constraints and Cost Pressures Wood Mackenzie warns that turbine prices have surged 195% versus 2019 levels. If a 2020 turbine cost $1 million, the same unit now costs about $2.95 million, inflating the equipment share of a plant’s budget from 20% to up to 30%. The consultancy also notes a six‑year lead time for turbine delivery, meaning new orders cannot be placed until 2028. This bottleneck could delay the rollout of additional capacity precisely when AI workloads are accelerating. Resource Availability and Market Risks The U.S. Geological Survey estimates that a single gas‑rich region holds enough supply to power the entire United States for 10 months. While abundant, production growth in the three leading shale basins—responsible for three‑quarters of U.S. output—has slowed, tightening the long‑term outlook. Natural gas accounts for about 40% of U.S. electricity generation (EIA). Consequently, any spike in gas prices reverberates through wholesale electricity markets, raising the cost of power for all consumers, not just data‑center operators. Strategic Risks for Tech Companies Behind‑the‑meter gas plants allow firms to claim “self‑supply,” but they merely shift demand from the public grid to the gas grid, potentially driving up wholesale gas prices. Industrial users—petrochemical plants, fertilizer manufacturers—cannot easily substitute gas with renewables, so they may push back against large‑scale data‑center consumption. Extreme weather, such as the 2021 Texas freeze, can curtail wellhead output, forcing a choice between keeping AI workloads online or supplying heat to households. In sum, the AI‑driven rush for natural‑gas power plants highlights a fundamental physical constraint: the digital economy still depends on finite, market‑sensitive energy resources. Betting heavily on a commodity that can swing dramatically in price may prove costly if AI growth plateaus or if gas supply tightens.

In the devastated streets of Gaza City's Tuffah neighborhood, residents are taking matters into their own hands to rebuild their homes. Mohammed al-Jadba, a 31-year-old father of 10, is using stones from the rubble of his destroyed house and mud to construct a new shelter. His home, once a four-storey building, was reduced to rubble during Israel's genocidal war on Gaza.With Israeli restrictions on imports preventing the entry of essential construction materials like cement, Gaza residents are forced to get creative. Mohammed has been collecting iron, window frames, and door frames from his old house to use in his new build. The mud, mixed with human hair collected from barbershops, is being used to stick everything together.The United Nations estimates that it will cost $70bn to fully reconstruct Gaza, with 92% of residential buildings damaged or destroyed. An urgent $20bn is needed within the first three years to initiate basic recovery and restore essential services. However, reconstruction efforts have been hindered by continued Israeli restrictions on the entry of construction materials and heavy machinery.As a result, Palestinians in Gaza have focused on partial reconstruction, using available materials to make damaged homes habitable. The United Nations Development Programme (UNDP) has worked on over 230 housing units, benefiting more than a thousand people. However, these interventions are temporary solutions, and the real solution remains elusive.Abdel Nasser al-Jalousi, a 55-year-old resident of Khan Younis, has benefited from partial rehabilitation projects. His heavily damaged home has been made habitable with tarpaulins used as substitutes for walls, doors, and room partitions. However, he stresses that these materials are not a long-term fix and will need to be replaced every season.The scale of the crisis remains severe, with over 213,000 families living in tents and widespread damage during winter storms. The situation highlights the need for political will and massive resources to rebuild Gaza and provide sustainable solutions for its residents.

Ukraine has made significant gains on the battlefield, halving the Russian rate of advance in the past three months and reclaiming 470sq km of occupied territory this year. The country's military has also dealt a major blow to Russia's oil export capacity, striking key terminals and refineries, including Ust-Luga and Primorsk, which account for about 60% of Russia's oil export capacity.Ukrainian President Volodymyr Zelenskyy has secured agreements with several Gulf states, including Saudi Arabia, the UAE, and Qatar, to export Ukrainian drone know-how in return for joint drone production support. This has enabled Ukraine to increase its drone production and effectively counter Russian advances.The Ukrainian military has also targeted Russian munitions production, striking the Promsintez explosives plant in the Samara region, which produces 30,000 tonnes of military explosives annually. According to estimates, Russia has lost 45% of its missile production capacity due to Ukrainian strikes.In response to Ukrainian attacks, Russia has begun to extend its drone strikes throughout the day, imitating Iran's tactics against the US and Israel. However, Ukraine has successfully shot down over 90% of the drones launched by Russia.

The conflict between Iran, the US, and Israel has taken a devastating toll on civilians, with widespread destruction and displacement reported across the country.At the Kapıköy border crossing in eastern Turkey, a mountain pass that serves as one of the few gateways to the west from Iran, many Iranians are fleeing the country due to the intensifying conflict.Amir, a 33-year-old foreign exchange and cryptocurrency trader from Tehran, is one of them. He described the nightly bombardments and said, 'Every night they are bombarding. Boom. Because of the war.'Others, like a pharmacologist from Tehran, are traveling to see their families in Europe, citing anxiety and frustration with the current situation. 'All of the people live with anxiety,' she said. 'We are very tired of the revolution of [the] Islamic republic of Iran.'The UN refugee agency reports that close to 64,000 Iranians arrived in Turkey between March 3 and 30, while more than 48,000 Iranian nationals returned to Iran.The International Organization for Migration estimates that more than 82,000 residential units have been hit by the US and Israeli strikes, affecting 180,000 people.Many at the Kapıköy border point expressed fear and uncertainty about the future, with some saying they were waiting to see what the outcome would be before making a decision.The conflict has had a significant impact on the economy, with part-government-owned corporations ordering people back to work and many businesses forced to close.As the situation continues to deteriorate, many are seeking safety abroad, while others are returning to Iran to be with their families.

Human Rights Watch (HRW) released a comprehensive report titled None Can Run Away, concluding that Burkina Faso’s military, its allied Volunteers for the Defence of the Homeland (VDPs), and the al‑Qaeda‑linked Jama’at Nusrat al‑Islam wa al‑Muslimin (JNIM) have perpetrated war crimes and crimes against humanity since the coup that brought the junta to power in September 2022. Through in‑person and telephone interviews with more than 450 witnesses across Burkina Faso, Benin, Ivory Coast, Ghana and Mali, HRW verified 57 distinct incidents involving wilful killing, attacks on civilians and civilian objects, pillage, looting, and forced displacement. The report estimates that 1,837 civilians were killed between January 2023 and August 2025, with over 1,200 deaths directly linked to government forces. The United Nations estimates that the conflict has displaced approximately two million people, underscoring a humanitarian crisis of regional magnitude. Among the deadliest attacks, the military and VDP militias slaughtered more than 400 civilians across 16 villages near the northern town of Djibo in December 2023. In November 2023, allied militias killed 13 Fulani civilians—including six women and four children—in the western village of Basse, employing methods described by survivors as “blindfolded, hands tied, and riddled with bullets.” JNIM’s own atrocities were highlighted by the August 24, 2024 massacre in Barsalogho, where at least 133 civilians, many of them children, were shot indiscriminately. HRW’s findings point to a systematic targeting of the Fulani ethnic group, whom the junta accuses of supporting armed insurgents, resulting in what the report characterises as an ethnic cleansing of entire communities. HRW calls for urgent investigations into President Ibrahim Traoré, the supreme commander of the armed forces, and six senior military commanders for “grave abuses.” The organization also urges scrutiny of Iyad Ag Ghaly, JNIM’s supreme leader wanted by the International Criminal Court, and four of his commanders under the principle of command responsibility. “The scale of atrocities taking place in Burkina Faso is mind‑boggling, as is the lack of global attention to this crisis,” said Philippe Bolopion, executive director of HRW. “The junta is committing horrific abuses itself, failing to hold those responsible on all sides to account, and curtailing reporting to obscure the suffering of civilians caught in the violence.” Survivors recount harrowing details: a 41‑year‑old father described his son’s body “shot in the back of the neck,” while a 39‑year‑old witness to the Barsalogho attack said, “People were falling like flies. They came to exterminate us. They did not spare anyone.” These revelations amplify calls from the international community for accountability and for renewed humanitarian assistance to the millions displaced by the protracted Sahel conflict.

The United Nations‑backed Gang Suppression Force (GSF) announced on Wednesday that its first foreign troops have landed in Haiti, signalling a new phase in the international effort to tame the country’s spiralling gang warfare.An advance team of soldiers from Chad arrived in Port‑au‑Prince, accompanied by Jack Christofides, a South African UN official appointed to lead the mission’s operations on the ground.The deployment is the initial step of a force slated to expand to 5,500 personnel with a 12‑month mandate. The GSF was authorized by the UN Security Council last September as a replacement for the earlier Kenyan‑led multinational security mission, which has struggled with funding shortfalls, insufficient manpower and limited institutional backing.Unlike its predecessor, which was limited to supporting Haitian police, the new force will have the authority to make arrests and conduct direct operations against groups designated as gangs. The concept was first put forward by the United States and Panama to “neutralise, isolate and deter” criminal networks.During the Security Council vote, twelve members voted in favour of the force, while China, Russia and Pakistan abstained. Russia’s representative, Vassily Nebenzia, criticised the plan as “rushed” and warned that its broad language could enable abuses, noting that the mandate permits the use of force against anyone labelled a gang.Haiti’s recent history of foreign intervention adds a layer of sensitivity to the deployment. Past UN peacekeeping missions have been linked to a cholera outbreak that claimed roughly 10,000 lives after the 2010 earthquake, and UN personnel have faced accusations of sexual assault in earlier decades.Gang control has tightened dramatically since the 2021 assassination of President Jovenel Moïse. Analysts estimate that up to 90 % of Port‑au‑Prince is now under gang influence, with around 26 criminal groups operating in the capital. The UN estimates that at least 16,000 people have been killed since 2022 and that more than 1.5 million have been displaced, many facing food insecurity. A recent human‑rights report recorded 5,519 gang‑related deaths and 2,608 injuries between March 2025 and mid‑January 2026, alongside reports of extrajudicial killings and sexual violence.The arrival of the GSF coincides with Haiti’s tentative steps toward a national election scheduled for August, where roughly 300 political parties and groups have registered. Acting Prime Minister Alix Didier Fils‑Aime has recently met with UN officials to discuss the new force’s role in stabilising the country ahead of the vote.

SpaceX has submitted paperwork for an initial public offering that could debut as early as June or July, targeting a capital raise of $75 billion. If the market pricing aligns with analysts’ forecasts, the launch could lift the company’s valuation to nearly $1.5 trillion, roughly double its worth in December. Such a valuation would place founder Elon Musk on a clear trajectory toward becoming the planet’s first trillionaire, a milestone that would eclipse the $25.6 billion record set by Saudi Aramco’s 2019 IPO. Renaissance Capital’s data analyst Angelo Bochanis told Reuters that, much like Tesla, SpaceX’s market price will hinge on investor confidence in Musk’s long‑term vision. "Investors are clamouring for any exposure to SpaceX," he added. Despite Musk’s controversial public persona and his involvement in multiple high‑profile ventures, industry experts remain bullish. Kat Liu, vice‑president at IPOX, noted that SpaceX is "operationally mature, technologically ahead in several key areas, and profitable," providing a solid foundation for a public listing. The company’s recent merger with Musk’s artificial‑intelligence startup xAI and the continued dominance of its Starlink satellite network—now the world’s largest satellite communications platform—have reinforced investor interest. SpaceX’s ambitious roadmap includes a lunar base and a crewed Mars mission, though timelines remain uncertain. Musk has previously admitted a "50‑50 chance" of delivering an uncrewed Starship to Mars by the end of 2026. Financial data firm Pitchbook estimates the IPO could nearly double the company’s market cap, underscoring the scale of potential investor demand. If realized, the offering would not only reshape the space‑tech sector but also set a new benchmark for public market fundraising.

UK drivers are being urged to hunt for the cheapest petrol as they prepare for an estimated 21.7 million journeys over the Easter bank‑holiday weekend – the busiest on the roads since 2022. Data from the RAC shows that the average price of a litre of unleaded petrol jumped 20p in March, rising from 132.83p on 1 April to 152.83p on 31 April. This is the fastest monthly increase on record, eclipsing the previous high of 16.6p recorded in June 2022 after Russia’s invasion of Ukraine. RAC policy chief Simon Williams called the rise “unprecedented” but stressed that travellers should fill up as usual and seek the cheapest forecourts nearby ahead of the holiday rush. To ease congestion, National Highways will temporarily suspend 1,500 miles (2,400 km) of roadworks on motorways and major A‑roads in England from Thursday through Easter Monday. The AA predicts this will accommodate roughly 1 million additional trips compared with last year, with traffic expected to peak on Thursday when schools break up. Analysts warn that the sharp fuel‑price surge may curb spending on trips. Susannah Streeter, chief investment strategist at the Wealth Club, noted that shorter journeys and fewer on‑the‑road purchases, such as chocolate treats, are likely. AA survey data shows that just over half of travellers plan to drive less than 50 miles, 5 % expect journeys of 50‑100 miles, about 1 % aim for 100‑200 miles, and fewer than 1 % anticipate trips beyond 200 miles. Rail disruptions are set to push more motorists onto the motorways. Engineering works will suspend west‑coast mainline services between London Euston and Milton Keynes from Good Friday to 8 April, and there will be no trains on several routes—including Preston to Lancaster (4‑5 April), Winchester to Southampton, and Herne Bay to Ramsgate—while services between London Waterloo and Clapham Junction will be reduced. Despite domestic challenges, the travel trade body ABTA estimates that 2 million UK residents will travel abroad this weekend. EasyJet is gearing up for its busiest Easter period yet, planning to operate 16,000 flights from UK airports over the two‑week school break. Passengers heading to the European Union should also prepare for potential two‑hour delays due to the rollout of the EU’s Entry‑Exit System, which requires third‑country nationals, including UK travellers, to submit photographs and fingerprints before entering the Schengen area.

The global super-rich may have as much as $3.55 trillion hidden away from tax authorities, according to estimates by Oxfam. This staggering amount is more than 3% of global GDP and is likely to be owned by the richest 0.1% of households.Oxfam's latest analysis reveals that total wealth held offshore has increased significantly to $13.25 trillion in 2023. While the share of secretive holdings hidden from tax authorities has fallen since the introduction of a new system of automatic information exchange between jurisdictions in 2016, Oxfam estimates that a substantial amount remains shielded from tax.The charity's lead on tax, Christian Hallum, emphasized that this isn't just about clever accounting, but about power and impunity. When millionaires and billionaires stash trillions of dollars in offshore tax havens, they place themselves above the obligations that bind the rest of society.Oxfam is part of a global campaign to mobilize calls for a global progressive wealth tax, including through negotiations at the UN on a framework for tax cooperation. The charity is also calling for countries in the global south to be included in the Common Reporting Standard – the system that allows for information exchange between jurisdictions.In the UK, Oxfam is urging Labour to implement a wealth tax, with the Green leader in England and Wales, Zack Polanski, suggesting a tax levied annually at a rate of 1% on assets worth more than £10m, and 2% above £100m. The Green party claims this policy would raise about £15 billion a year.