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Rolls-Royce has secured a significant investment of up to £599m from the UK's national wealth fund to develop the country's first small modular nuclear reactors (SMRs). The funding will support Rolls-Royce's design of SMRs at Wylfa on the island of Anglesey, Wales. The investment is expected to create around 1,000 jobs at Rolls-Royce and contribute to the UK's goal of generating electricity without carbon dioxide emissions. The project also offers the potential for a large new export industry in SMRs. The UK government has embraced nuclear energy as a key component of its clean energy strategy, and this investment marks a significant milestone in the development of SMR technology. SMRs aim to produce nuclear power stations in factories, driving down costs and speeding up installation. The Wylfa site has a history of nuclear power generation, having operated from 1971 until 2015. Hitachi had previously attempted to build a new nuclear power station at the site but abandoned its plans in 2020 due to funding issues. The site was later acquired by the state-owned Great British Energy – Nuclear (GBE-N) in 2024. The chancellor, Rachel Reeves, highlighted the importance of the investment, stating that it will strengthen energy security, create skilled jobs, and help build a new generation of homegrown nuclear technology that will power the UK's economy for decades to come. Tufan Erginbilgiç, chief executive of Rolls-Royce, described the investment as a critical milestone for the business and for the UK, marking the beginning of a golden age of new nuclear. The company owns the majority of Rolls-Royce SMR, alongside Qatar's sovereign wealth fund, France's BNF Resources, and the Czech utility CEZ.

Senator Bernie Sanders used a Manhattan rally on Sunday to issue a stark warning: “the worst is yet to come” for the U.S. economy unless workers confront a ruling class of billionaires. Sharing the stage with New York City mayor Zohran Mamdani, the two leaders announced the launch of Union Now, a nationwide drive to boost union density and provide resources for organizing and strikes. Sanders singled out high‑profile billionaires – Elon Musk (Tesla, SpaceX), Jeff Bezos (Amazon), and President Donald Trump – as the architects of a looming crisis. He warned that Musk’s push for robotics and AI, coupled with Bezos’s recent pledge to raise $100 billion for buying and automating manufacturing firms, threatens to replace human labor on a massive scale. “Unless we fundamentally transform our economic and political systems, the worst is yet to come,” Sanders declared, emphasizing that increasing union membership is the most effective tool to tackle income inequality. Mamdani echoed the sentiment, noting that artificial intelligence is “coming for human jobs” and that worker protections are eroding. He pledged his administration’s support for Union Now, describing the effort as essential for safeguarding workers’ rights. Data presented at the rally underscored the scale of wealth concentration: in 2025, 938 U.S. billionaires saw their net worth rise by $1.5 trillion, while Musk alone possesses more wealth than the bottom 53 % of Americans. Sanders painted the billionaire class as “extremely greedy” and likened their self‑perception to 19th‑century monarchs who believe they have a divine right to rule. He warned that their unchecked influence could leave future generations without a safety net. Highlighting a recent political victory, Sanders cited Mamdani’s mayoral win as proof that ordinary people can defeat billionaire‑backed opposition. He warned that if the current trajectory continues, “fewer people will have more wealth and power, democracy will be undermined, and workers will be left with no recourse.” Closing his speech, Sanders urged unity: “If we stand together and fight for a government that works for all of us, there is nothing we cannot accomplish.”

Texas is expanding its global reach with the launch of a new office in London, aimed at attracting UK businesses and investment to the low-tax Lone Star State. The office, led by James Taylor, one of the founders of the Austin-based lobbying and public relations firm Vianovo, is part of Texas's efforts to lure corporate heavyweights across its borders.The new site adds to a growing list of international offices from which Texas can try to draw businesses. Texas charges neither corporation nor income tax, making it an attractive destination for companies looking to relocate or expand.Lobbyists working in the London office will court UK bosses with incentives including new, fast-track business courts and multimillion-dollar subsidies. Their targets are expected to include the City's banks and investment houses, as the state aims to build on Dallas's financial-sector boom.The ambitions have caught the attention of the City of London Corporation, with the City's mayor, Susan Langley, discussing how London could tap into excitement over the launch later this year of the state's first dedicated stock market, the TXSE. “With the launch of the Texas Stock Exchange, new dual-listing opportunities could connect British and Texan firms to fresh capital,” she said.The news comes as London tries to reverse a trend where businesses have been abandoning the UK stock market, choosing either to go private or shift their listings to hubs overseas, including New York.Texas has already had success luring jobs and investment from rival US states, including California, Delaware, and New York. Texas has overtaken California in having the largest number of Fortune 500 company headquarters of any American state, with companies like Oracle, Tesla, X Corp, and SpaceX having moved to the state in recent years.A spokesperson for Governor Greg Abbott's office said: “Texas has long had a global presence, with offices in Mexico and most recently in Taiwan designed to attract foreign direct investment and job creation into Texas, while also helping Texas companies export worldwide.”

The proposed gold mine in Northern Ireland's Sperrins area has become a contentious issue, with environmental concerns clashing with the promise of economic benefits. The mine, valued at £21bn, is backed by US-owned Dalradian Gold and could bring hundreds of jobs and significant tax revenue to the area.Fidelma O'Kane and Cormac McAleer, a retired social worker and community worker, are leading the opposition to the mine. They argue that it would desecrate an area of outstanding natural beauty, pollute local rivers, and harm the health of their children. The couple has been rallying support from other locals, with over 50,000 letters of objection submitted to the planning process.Dalradian Gold claims the mine will be carbon neutral and support a supply chain worth £1bn. The company says it will create 1,000 jobs and contribute £3bn in taxes. However, opponents dispute these claims and point to the potential risks to local wildlife, including otters, pine martens, and freshwater pearl mussels.The public inquiry into the mine's planning application will begin on April 13, 2026, and will run until early June. The inquiry's outcome will be crucial in determining the fate of the mine and the future of the Sperrins area.

It's been a year since the Trump administration's sweeping cuts to the federal workforce, and the effects are still being felt. Tens of thousands of employees were offered buyouts or faced termination, leaving many to navigate a difficult job market. Maggie, a former employee of the US Office of Personnel Management, took a buyout offer in May 2025. She has since applied to over 250 jobs but is still waiting for an ethics letter to start work elsewhere. 'I couldn't be without health insurance through the delivery of my baby,' she said, highlighting the challenges faced by those who lost their jobs. The federal workforce has declined by about 355,000 employees since Trump took office, with 18,000 workers leaving in March 2026 alone. The cuts have left remaining government workers overwhelmed, trying to keep essential public services afloat. Charles Melton, a 20-year veteran of the US Department of Agriculture, took early retirement but still helps former colleagues with job applications. 'I'm still mad as hell,' he said. 'We just got thrown away like garbage.' The impact on public services has been significant, with customer service at the Social Security Administration worsening and healthcare workers at the Department of Veterans Affairs reporting ongoing staffing issues. The shutdown of USAID has resulted in hundreds of thousands of deaths worldwide due to the spread of infectious diseases and malnutrition. The White House has declined to comment, but Scott Kupor, OPM's director, stated that 'reshaping the federal workforce is essential to building a government that works for the American people, not the bureaucracy.'

Dallas is positioning itself as a major player in the financial sector, with a bold initiative dubbed 'Y'all Street' aimed at stealing New York's financial crown. The city's aggressive push is backed by significant investments and incentives, including a $700m project by Goldman Sachs to build a new campus that will host over 5,000 staff.The Dallas-Fort Worth metro area has seen its financial sector workforce boom, surging 40% to 386,000 staff over the past decade. This growth has been fueled by multimillion-dollar subsidies and new fast-track business courts, as well as Texas's complete lack of corporation and income tax. Recent wins include a 10-year property tax break and $2.7m in grants that helped convince Scotiabank to relocate from North Carolina, bringing 1,000 jobs to the state.Nasdaq and the NYSE have also launched branches of their stock exchanges in Dallas, while a new Texas stock exchange (TXSE) is set to launch later this year with looser listing rules that are likely to appeal to right-leaning executives. The TXSE has even launched a TV ad campaign targeting New York, with a Texas longhorn shattering Wall Street's famous bull statue.Dallas's mayor, Eric Johnson, is serious about stealing finance jobs from New York, citing policy differences with liberal-leaning cities like New York as a major factor. Johnson's team is actively targeting firms put off by left-leaning policies, with a 10-person delegation sent to New York this month to meet and lure Wall Street executives southward.The city's pitches are intensifying, with a focus on being closer to big business clients and major tech firms that have shifted their center of gravity to Texas. Over the course of the 2020s, Texas surpassed California and became host to the largest number of NYSE-listed and Fortune 500 company headquarters of any American state.However, experts warn that the flood of wealthy bankers may put pressure on poorer families, particularly when it comes to rental prices. The surge in rental prices over the past 15 years has disproportionately hurt lower-income families, with rent eating up more than half their wages. Campaigners are now warning that, without targeted support, inequality across Dallas is likely to grow.To address these concerns, Dallas is trying to rapidly tackle the problem, with initiatives such as slashing parking requirements for new developments and rewriting building regulations to make it easier to push through smaller-scale developments for multi-family buildings.

Renowned actor Sam Neill, known for his role in the Jurassic Park movie franchise, has joined the fight against a proposed goldmine near his vineyard in Central Otago, New Zealand. The mine, backed by Australian company Santana Minerals, could potentially damage the region's pristine environment and threaten up to 650,000 native lizards.The proposed Bendigo-Ophir goldmine, located in an area legally enshrined as 'outstanding natural landscape,' has sparked fierce division between communities. While proponents claim it will create 357 jobs and boost the economy, critics argue it will dampen tourism and harm the environment.Neill, who has grown wine under his Two Paddocks label in the region for 30 years, emphasizes his connection to the land, stating, 'If this mine goes ahead... everything that you see [there] is under a claim [by the mining company]. And there will be mining all around us, and that'll be the end.'The mining industry has a history of environmental disasters, particularly with tailings dams storing toxic waste. Ian Taylor, a prominent Māori businessman, worries about the 600km-long alpine fault running down the South Island, which could lead to seismic risks.Santana Minerals claims the dam has been designed to withstand a one-in-10,000-year earthquake and denies that the mine will negatively affect tourism. A decision on the Bendigo-Ophir mine is expected by the end of the year.

The television landscape is witnessing a surge in AI-powered villains, with recent shows like 'The Capture' and 'Paradise' featuring sinister artificial intelligence as central characters. In 'The Capture', the AI villain, named Simon, is a sophisticated system used by the military to plan and execute operations, showcasing the potential dangers of relying on AI in warfare.The show's writer, Ben Chanan, notes that the tech used in the series is eerily plausible and reflects current advancements in AI technology. The use of AI in TV dramas serves as a commentary on the risks and uncertainties associated with emerging technologies.In another example, the TV series 'Paradise' features an AI-controlled quantum computer named Alex, which develops exponential processing power and becomes capable of manipulating time and creating a potential parallel multiverse. This portrayal highlights the concerns about AI's potential to surpass human control.The trend of AI villains in TV dramas is not limited to sci-fi shows. Even comedy series like 'The Comeback' are incorporating AI into their storylines, often as a commentary on the rapid advancements in AI technology and its potential impact on society.Experts and show creators alike are cautious about the implications of AI on our daily lives, warning that it could lead to significant changes in various industries and potentially even threaten jobs. As AI technology continues to evolve, it's likely that we'll see even more complex and nuanced portrayals of AI in television and other forms of media.

The US inflation rate experienced a significant surge in March, rising to 3.3% over the year, with prices increasing by 0.9% compared to the previous month. This spike is largely attributed to the escalating conflict with Iran, which has resulted in a substantial increase in energy prices.The Consumer Price Index (CPI) for energy rose by 10.9% in March, primarily driven by a 21.2% increase in gasoline prices. This increase accounted for nearly three-quarters of the monthly all-items increase. Airfares also saw a notable rise, increasing by 2.7% in March and 14.9% higher than a year earlier.Core inflation, which excludes volatile food and energy prices, rose at a more modest 0.2% over the month and was 2.6% higher over the year. The annualized inflation rate has not exceeded 3% since summer 2024.The conflict with Iran has driven the American economy into deeper uncertainty, adding to the precariousness that began with Donald Trump's tariffs last year. The war has also led to a rise in oil prices, with US crude oil priced 10% higher than before the conflict and nearly 30% higher since the start of the year.Recent data shows that prices are affecting producers, with the gross domestic product (GDP) for the last quarter of 2025 revised down from an initial 1.4% to 0.5%. The prices index in the Institute for Supply Management's survey of managers saw its largest one-month increase in 13 years, rising from 63 in February to 70.7 in March.Consumer confidence is also falling, with the University of Michigan's closely-watched consumer confidence survey recording a 10.7% drop to its lowest level on record. Survey director Joanne Hsu noted that many consumers blame the Iran conflict for unfavorable changes to the economy.Despite the challenges, the labor market appears resilient, with employers adding 178,000 jobs in March and the unemployment rate falling to 4.3%. However, the Federal Reserve faces a tricky situation in adjusting interest rates amid the conflict, as raising rates could help curb inflation but risk destabilizing the labor market and increasing unemployment.