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Business Jun 01, 2026

Anthropic soars to $965bn valuation, leapfrogging OpenAI

Anthropic has surpassed OpenAI as the world's most valuable AI startup with a $965 billion valuatio…
The AI Startup Valuation ShiftAnthropic has usurped OpenAI as the world's most valuable artificial intelligence startup, soaring to a $965bn valuation ahead of expected public listings by the rival firms. Anthropic, the maker of the Claude family of chatbots, said on Thursday that it had raised $65bn from private investors after a fundraising round led by Altimeter Capital, Greenoaks, Dragoneer and Sequoia Capital.Funding and Leadership PositionThe announcement catapults Anthropic, led by CEO and cofounder Dario Amodei, ahead of ChatGPT maker OpenAI in value, which attracted an $852bn valuation in its last fundraising round in March. "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens," Anthropic's Chief Financial Officer Krishna Rao said in a statement.Market Recognition and AdoptionAltimeter Capital CEO Brad Gerstner hailed the adoption of Claude among the "world's most demanding organisations" as evidence of Anthropic's command in the field. "This momentum positions Anthropic to lead the next phase of AI innovation and capture the enormous opportunity ahead," Gerstner said.Rapid Growth and Market PositionFounded in 2021 by former OpenAI researchers, Anthropic has rapidly emerged as one of the leading players in Silicon Valley's scramble to dominate AI. Anthropic's Claude, first launched in 2023, is among the most popular AI models worldwide. In March, the San Francisco-based company said that the chatbot was receiving more than 1 million new sign-ups each day.Challenges and Recent DevelopmentsWhile achieving stellar success in rapid time, Anthropic has also faced challenges – in particular, a high-profile dispute with US President Donald Trump's administration, which has labelled the firm a "supply chain risk" over its refusal to allow unrestricted access to its tools for military purposes. Anthropic unveiled its latest iteration of Claude, Opus 4.8, in a separate announcement on Thursday, calling it a "modest but tangible improvement" on its predecessor.Future Outlook and Market DynamicsAnthropic, OpenAI and Elon Musk's rocket company SpaceX are all expected to go public in the near future in what are expected to be among the biggest initial public offerings in history. Jay R Ritter, an emeritus professor at the University of Florida who specialises in IPOs, said Anthropic has generated a lot of market excitement due to its widespread use by companies for software coding. "This is a big market where apparently Anthropic has the best product," Ritter told Al Jazeera.Valuation Trends and Market Analysis"The increase in valuation in a short period of time is unprecedented for a startup, although publicly traded tech companies such as SK Hynix, Nvidia, and Alphabet have seen even bigger increases, although not as much in percentage terms," Ritter said, referring to the South Korean and US chip giants, and Google's parent company. While it remains to be seen whether the massive investments pouring into AI are creating a bubble, Ritter said, the handful of successful firms that are likely to emerge in the field could see enormous profits.Industry Consolidation and Future Prospects"Nobody wants to use the eighth best product, so these companies are either one of the handful of successful firms, or they will have a zero market share," he said. "The tech industry is different than the restaurant industry, where there are not large economies of scale, and where competition limits the profit margins."
#Anthropic #OpenAI #Claude
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Economy Jun 01, 2026

Canada excluded from USMCA talks as economy dips

The US wants to increase regional content in North American vehicles to 82% under the USMCA, exclud…
The USMCA Renegotiation The administration of United States President Donald Trump wants to increase the percentage of regionally produced content in North American-built vehicles to qualify for preferential treatment under the US-Mexico-Canada Agreement (USMCA) on trade to 82 percent, with 50 percent of that value produced in the US. Economic Implications The new proposal emerged amid negotiations to revise the USMCA in Mexico City, with Canada not present at the talks. The shift, if accepted, would be a major break from the current USMCA, which requires that 40 percent of the "core parts" value of North American passenger vehicles be produced in high-wage jurisdictions, effectively the US or Canada. The Data Analysis Canada's gross domestic product (GDP) declined, unexpectedly, at an annualised rate of 0.1 percent in the first quarter, Statistics Canada said on Friday, compared with a downwardly revised contraction of 1 percent in the fourth quarter of last year. The Impact Analysis The Canadian economy has been buffeted by, among other things, tariffs from Trump, who has threatened to annex the country and make it the 51st state of the US. Prime Minister Mark Carney was elected on the platform that he would strengthen and diversify the Canadian economy away from the US. The Prediction "Our forecast for growth to ramp up in H2 and through 2027 depends on a favourable USMCA renegotiation, an early end to the Middle East war, and resumption of normal commerce through the Strait of Hormuz," said Tony Stillo, director of Canada economics at Oxford Economics.
#USMCA #Canada #US
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Politics May 31, 2026

Trump Tightens Terms on Iran War Deal, US Media Report

President Donald Trump has sent a revised framework to Iran, tightening several terms of a proposed…
Executive Summary: Trump Sends Revised Iran Deal FrameworkPresident Donald Trump has returned a new proposal to Iran that tightens several conditions of a deal intended to end the ongoing US‑Israel war on Iran. Media outlets including The New York Times and Axios say the revisions emphasize stricter controls on Iran’s nuclear material and the reopening of the strategic Strait of Hormuz.Revised Deal Terms Emphasize Nuclear Material Controls and Hormuz AccessThe updated framework, described as a “toughening” of the original terms, was sent back to Tehran after a White House Situation Room meeting on May 30, 2026. While the exact language of the changes was not disclosed, officials note that Trump wants to reinforce points he deems critical, such as:Ensuring Iran never develops nuclear weapons.Reopening the blockaded Strait of Hormuz, a key oil transit route.Clarifying procedures for handling Iran’s existing nuclear material.A senior U.S. official warned that Iran could need up to three days to formulate a response, noting the logistical challenges faced by Iranian negotiators.Quantitative Context: Oil Flow Through Strait of Hormuz and Timeline Estimates20 % of the world’s oil supply transits the Strait of Hormuz, making its reopening a high‑stakes demand.Iranian officials indicated a response window of three days, though U.S. officials suggested the overall process could extend from a few days to a week or more.The war began after the U.S. and Israel attacked Iran on February 28, 2026, and no final deal has been signed to date.Geopolitical Ramifications for US‑Israel‑Iran RelationsThe tightened terms could lengthen negotiations, potentially delaying any cessation of hostilities. Iran’s military headquarters has reiterated control over the Strait, warning that non‑compliant vessels may be targeted, which raises the risk of broader maritime confrontations. Meanwhile, U.S. officials remain publicly committed to a deal that prevents nuclear weapon development while safeguarding global oil flows.Outlook: Potential Scenarios for Deal FinalizationIf Iran accepts the revised framework within the projected response window, a cease‑fire could be announced within a week, easing regional tensions.Should negotiations stall, the war could continue, with heightened naval activity in the Strait of Hormuz affecting global oil markets.Extended delays may prompt the U.S. to reconsider its diplomatic approach, possibly escalating military posturing or seeking alternative multilateral pressure on Tehran.
#Donald Trump #Iran #US-Israel Conflict
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Entertainment May 30, 2026

Bullet in the Head review – John Woo’s Vietnam war fever dream is an explosive masterpiece

The 1990 film 'Bullet in the Head' by John Woo is a crime thriller and wartime action film set in V…
The Masterpiece of John Woo The title of this 1990 John Woo extravaganza might lead the uninitiated to expect a chillingly focused, targeted assassination. Actually, there are innumerable bullets and innumerable heads in this over-the-top gonzo spectacle. It is a crime thriller, a wartime action film set in Vietnam, but it offers something other than the usual Hollywood perspective; it is a parable of greed comparable to The Treasure of the Sierra Madre, and even a kind of romantic melodrama. The Symbolic Bullet There is, however, one key bullet in a head, a literal bullet lodged in the skull of someone who achieves a macabre zombie-like semi-survival, the bullet being symbolic of the way violence takes root in the brain, dehumanising its victim. The final “boardroom” scene disclosing this image is toweringly mad and strange. Yet in this movie, as in so many other Woo films, we can see how the director counterintuitively uses sad music – harmonica, woodwind – over grisly, brutal action sequences, as if what he wants us to register is not the violence or the shock but just how poignantly futile and pathetic it all is. The Plot Unfolds The setting is – initially – late 60s Hong Kong; Tony Leung plays Ben, a young guy getting married to his sweetheart Jane (Fennie Yuen), and on hand are his buddies Frank (Jacky Cheung) and Paul (Waise Lee). This trio are involved in a gang war with a rival mob who corner Frank when he has gone to get cash from the local moneylender to pay for the wedding. The confrontation ends in violence and, simply to get away and avoid the heat – Woo has a cameo as a police inspector – the three guys accept a crooked job from a local gang boss smuggling contraband pharmaceuticals in Vietnam. The Climax In Saigon, all their plans explode in pure anarchy; they are at first arrested under suspicion of working for the Vietcong, then upgrade their strategy to cynical arms smuggling for the North Vietnamese, and stealing the gold belonging to the local wiseguy who was supposed to be distributing their drugs. They make contact with a worldly fixer called Luke (Simon Yam), who has a Catherine Deneuve poster in his apartment, and also gallantly undertake to rescue a Hong Kong singer Sally (Yolinda Yam), who has been trafficked to Vietnam to sell sex. They end up on the spectacular field of battle itself (with helicopters, explosions, burning villages), where Paul, increasingly obsessed with the gold, finds himself at a key moment at mortal risk of detection if he cannot keep the wounded Frank quiet, whose cries of pain might alert the enemy to their position. The Legacy It’s an extraordinary, uninhibited barnstormer from Woo, who takes us from regular, domestic crime to military chaos with confidence and sweep. One moment, in which someone stands in front of a tank, even appears to echo the Tiananmen Square protests. No one else could have made it. The Release Bullet in the Head is in UK cinemas from 1 June, and on 4K UHD and Blu-ray from 22 June.
#John Woo #Bullet in the Head #The Guardian
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Sports May 28, 2026

Rico Verhoeven Seeks Rematch with Oleksandr Usyk After Controversial Stoppage

Dutch former kickboxer Rico Verhoeven is seeking a rematch with unified world heavyweight champion …
The Controversial Stoppage Rico Verhoeven, the Dutch former kickboxer who has switched to boxing, wants an apology as well as a rematch, after being stopped one second before the end of the penultimate round in a WBC title bout with unified world heavyweight champion Oleksandr Usyk last Saturday. The Event Details The stoppage was controversial, with Verhoeven feeling he could have continued and some replays suggesting the bell may have rung before the referee signalled the end of the fight — only Verhoeven’s second since switching to boxing — at the Pyramids of Giza in Egypt. The Data Analysis Scorecards published by The Ring magazine afterwards showed two of the three judges had the fight tied 95-95 going into the 11th of 12 rounds and the other had Verhoeven ahead 96-94. The Impact Analysis “[I want] just an apology. What else can we do? I can’t demand anything else,” Verhoeven told the BBC on Thursday, adding that his team had lodged an appeal with the WBC. The Prediction Germany’s Agit Kabayel is the WBC’s mandatory challenger and Usyk could have to fight him first before any rematch with Verhoeven. “Let’s see what pops up next,” said Verhoeven. “But I have to be honest, it’s got to be big. I feel like I’m the uncrowned king.”
#Rico Verhoeven #Oleksandr Usyk #Boxing
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Politics May 28, 2026

Why has Trump threatened to bomb Oman, amid Iran war escalation?

President Trump has threatened longtime ally Oman with military force over potential involvement in…
The LeadUnited States President Donald Trump has threatened longtime ally Oman with military force if it gets involved in the dispute over shipping access to the Strait of Hormuz, as Washington's war on Iran once again risks engulfing the Middle East. Trump's threat to "blow up" Oman came as Muscat reportedly held talks with Iran about overseeing passage through the strategic waterway that handles more than 20 percent of the world's global oil traffic.Trump's Unprecedented Threat Against a Key Ally"Nobody is going to control it," Trump said of the strait during a cabinet meeting in Washington. "It's international waters, and Oman will behave just like everybody else, or we will have to blow them up." This direct threat against a country with which Washington has had relations for more than 200 years has sent shockwaves across the region and drawn international criticism.While Hormuz is an international strait, most of it is located solely in Iranian and Omani territorial waters – not international waters – with parts of its outlying areas reaching United Arab Emirates (UAE) territorial waters. This geographical reality complicates Trump's assertion that the waterway is purely international.The Strategic Importance of the Strait of HormuzAs the only route for Gulf oil producers to ship exports to the open ocean, the strait has served as a free international maritime route for decades. Following the US-Israeli joint attacks on Iran on February 28, however, Tehran closed the waterway and began to assert sovereignty over it, including charging tolls of as much as $2m per ship at times.Under international maritime law, countries are not permitted to charge tolls to shipping passing through natural straits such as Hormuz, even where they are not in international waters. Countries can, however, provide services to shippers, such as insurance, maintenance and docking assistance.Regional Implications of Trump's ThreatShortly before Trump's comment, Iran's state television reported that Iran and the United States were close to agreeing on a memorandum of understanding (MOU) under which Tehran and Muscat would jointly control the strait. The proposal designates payments for passing vessels, framed as "fees for services" rather than "tolls."While the Trump administration has called the claims of such an MoU "a complete fabrication," analysts say his threat suggests that an understanding between Iran and Oman is precisely what the US president is trying to avoid."What Washington wants to prevent is the normalisation of Iranian control over Hormuz, dressed in administrative and legal clothing and given Arab cover by a US ally," Muhanad Seloom, non-resident senior fellow at the Middle East Council on Global Affairs, told Al Jazeera.International Reaction and Legal ConcernsCritics called the threat reckless. Raed Jarrar, the advocacy director at the US-based rights group DAWN, likened the US president's comments to those of a "mafia boss.""The UN Charter prohibits the threat of force against any state, and that prohibition binds the United States exactly as it binds everyone else," Jarrar told Al Jazeera. "Threatening to 'blow up' an Arab country because its waters happen to sit along an oil route Washington wants reopened is the same lawless logic that produced this war in February."Samir Puri, a visiting lecturer in war studies at King's College in London, said Trump's threat to Oman was "really surprising" and warned that it would "send shockwaves across the region."Oman's Diplomatic Role in the US-Iran ConflictOman has played a unique role in the region as a mediator between the US and Iran. Omani Foreign Minister Badr Albusaidi was a key mediator in US-Iran nuclear talks before the war on Iran began. Just before the US-Israeli joint attack on Tehran in February, Albusaidi had been meeting US officials, including Vice President JD Vance, to facilitate negotiations about the future of Tehran's nuclear programme.Unlike other US allies in the Gulf, such as Qatar, Bahrain and the UAE, Oman does not host US forces. It was nevertheless dragged into the conflict when Iran launched attacks on US military assets and energy infrastructure across the Gulf region in the early days of the war.Future Outlook for the RegionSeloom, from the Middle East Council on Global Affairs, said Oman is "one Gulf state that is simultaneously a US security partner and Iran's most trusted Arab interlocutor.""In peacetime, that ambiguity is an asset. In wartime, it becomes a liability, which is precisely the inversion now playing out," he told Al Jazeera.The analyst argued that joint Iran-Oman control over Hormuz was "more posture than probability." "Oman's real interest is not co-owning Iran's blockade; it is brokering the strait's reopening," he said.Still, according to Seloom, the prospect of Iran and Oman jointly shaping the future of the Strait of Hormuz alarms the US president for three reasons: "It would turn Iran's grip on the chokepoint into a permanent post-war fact rather than a temporary act of war; it would set a precedent that littoral states can metre and monetise an international waterway, eroding the freedom-of-navigation principle the United States underwrites worldwide; and it would hand Tehran a strategic win that outlasts any ceasefire."
#Donald Trump #Oman #Iran
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Business May 28, 2026

UK and EU Agree to Scrape Brexit Red Tape on Food Exports

The UK and EU have agreed to scrap Brexit red tape on food exports, including fresh sausages and bu…
The UK-EU Reset Deal The UK and EU have announced an agreement to scrap Brexit red tape affecting UK food exports to the EU, including fresh sausages and burgers, from mid-2027. This move is part of the first confirmed result of Keir Starmer's 'reset' negotiations with Brussels. Simplifying Export Rules When the new rules come into force, exporters of meat – whether fresh, frozen or processed – will no longer require costly veterinary certificates to prove they meet EU standards. Similar documentation for plants or wood packaging material will also no longer be needed. Businesses selling into Northern Ireland will no longer require health labels. Economic Impact The deal is expected to add up to £5.1bn a year to the UK economy. The agreement will support British jobs and slash red tape for British farmers, producers, and businesses. Industry Reaction Biosecurity minister Helene Hayman said the deal was 'great news for British food and drink businesses of all sizes', including the estimated 16,000 companies that stopped exporting to the EU after Brexit due to excessive bureaucracy. Future Outlook The government is working towards a mid-2027 start date for the new agreement and wants businesses in the agri-food sector to start getting ready now. Negotiations over the deal are expected to conclude in time for the next EU-UK summit on July 13.
#Brexit #UK #EU
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Lifestyle May 28, 2026

You be the judge: should my girlfriend stop trying to make our lives plastic‑free?

A couple grapples with the push to eliminate plastics from their home as they prepare for a baby, w…
The prosecution: MelanieI want to live a healthier life too, but removing all plastics is unrealistic and unaffordableMy girlfriend, Amy, has become increasingly concerned about microplastics and environmental toxins, and it is starting to feel a little too much. It all began after she watched online content about how plastics affect fertility, and has escalated into a broader effort to remove anything she considers “toxic” from our home.We have thrown out hundreds of pounds’ worth of cleaning products and replaced toothbrushes and dental floss. I came home from work to find all our plastic food containers had been binned, and now she wants to discuss replacing furniture, like swapping our white plastic dining table for an oak one.In principle, I understand it will be better for us. I share her desire to live a healthier lifestyle, especially as we are trying for a baby using a donor and I will be the one carrying the pregnancy. However, the pace and the intensity of the change feels a bit unmanageable.If I pick up a plastic bottle of water, Amy will snatch it from my hands and say it’s poisonousWe can’t realistically eliminate all plastics and find alternatives overnight. Unfortunately, the world is full of plastic and so is our home: we have polyester cushions, plastic shoes and appliances that I’m not prepared to chuck out. Attempting a total removal feels financially and emotionally unsustainable. Buying a new dining table won’t be easy on our wallets.We are both self‑employed and saving for a baby, so we need to be frugal. Plastic‑free products are often deemed as specialist and it’s hard to get cheap alternatives. When I found Amy had splurged on all these organic cleaning products I was shocked, because they cost about £200.At the moment, it feels as if any “normal” behaviour is deemed to be unsafe by her. If I pick up a plastic bottle of water, Amy will snatch it from my hands and say it’s poisonous.I support her decision to live with fewer toxins, but her level of vigilance is harming our wellbeing. I want us to make healthier choices, but to do so gradually and realistically, rather than through sweeping changes that leave us feeling anxious and restricted.The defence: AmyI’m conscious of what we’re exposed to as we’re trying for a baby and I want the best for themPlastics and chemicals are everywhere. I’m not pretending we can eliminate them all, but I’d like to make some changes. I don’t think the only rational response when presented with all the information about toxins and plastics is to shrug and accept it without question.It’s not that hard to make some changes. Mel says: “Microplastics are everywhere, so where does it end?” But she should be saying: “What can we do to start?”Small changes help improve our health. I watched a documentary and it really scared me: I learned that just brushing my teeth with my normal toothbrush was releasing hundreds of thousands of microplastics into my mouth every day. These are linked to illness and altered brain functionality.Mel hasn’t heard all of the facts. If she watched the same documentary, she would feel the sameI didn’t start looking into endocrine disruptors and microplastics because I wanted to overhaul our home overnight. It was because we’re trying for a baby and that makes me more conscious of what we’re exposed to. If we have a child, I want them to have the best start in life and be as healthy as possible.Sometimes Mel acts as if I’m trying to dismantle our entire life, but I’m just trying to make things better. Switching cleaning products and replacing plastic food storage with glass will benefit us for years. When I threw our cleaning products away, it was because I had done the research and knew how much better nontoxic ones would be for us. That wasn’t a gradual adjustment, but I don’t regret it.I feel overwhelmed sometimes, but being told to “calm down” or “take it slow” doesn’t help. I don’t want to make our lives miserable. I want us to make informed choices together.Not drinking from plastic bottles is an easy change we can make, as is using better cleaning products. Mel and I need to work together on this, and active participation is important to me. If my decisions seem rash, it’s only because Mel hasn’t heard all of the facts. If she watched the same documentary she would feel the same. I don’t want to scare her, but making our home safer for our unborn child is a priority.The jury of Guardian readersGetting rid of plastic won’t make Amy and Melanie’s home healthier if they replace it with pressure and resentment. Amy’s pursuit is noble, but her cold‑turkey approach risks alienating Melanie from the cause.Estelle, 27They both want to live with fewer toxins, but Amy shouldn’t decide the pace at which they do this without agreement from Melanie. Amy throwing out all plastic containers and cleaning products without any discussion contradicts her claim that she wants “to make informed choices together”.Val, 68Life’s too short to make it hard for yourself. Carrying containers everywhere and only going to specialist retailers? No one’s got time for that when there’s work and chores to be done. Changing your life after one documentary is extreme, and Amy should consider the benefits of plastic.Ivan, 29We can’t live perfect lives, but that doesn’t mean we shouldn’t try to make better choices. I think they plan together what can change now and what can wait, Melanie might feel part of it instead of feeling it is something being done to her.Michael, 39Amy is valiant in trying to live a healthier lifestyle, but not making it a joint decision with Melanie seems to be detrimental to their relationship, and they need to be working together when they have a child. I wonder if Amy’s obsession might be masking a deeper issue.Jon, 50Now you be the judgeIn our online poll, tell us: should Amy bin her hatred of plastics?The poll closes on Wednesday 3 June at 9am BSTLast week’s resultsWe asked, should Martin stop telling his wife how to mop the floor?98% of you said yes – Martin is guilty2% of you said no – Martin is innocent
#Amy #Melanie #microplastics
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Business May 28, 2026

Markets Rally on Hopes of US-Iran Deal

The US stock market has reached record highs and oil prices have plummeted amid hopes of a ceasefir…
The Market Surge The United States stock market has been hovering near record highs and oil prices have plunged amid new hope that a ceasefire deal between the US and Iran is close. The rally came on Wednesday as negotiations continued between Washington and Tehran, with markets betting that a deal would reopen the vital Strait of Hormuz, easing oil and gas supply concerns and soothing the deep uncertainty afflicting the global economy. Oil Prices Decline Oil prices declined sharply after Iran’s state broadcaster said it had obtained a preliminary document outlining a framework for a potential deal. The price of US crude fell 5.5 percent to settle at $88.68, while Brent crude, the international oil benchmark, decreased to $92 after prices traded above $100 last week. The Impact on Stock Market The S&P; 500 rose 0.1 percent and added to its all-time high set the day before. The Dow Jones Industrial Average was up 243 points, or 0.5 percent, with an hour remaining in trading, and the Nasdaq composite was 0.1 percent higher. Sticking Points in the Negotiations It remains unclear whether the two parties have come to an understanding on the major sticking points, including the fate of about 440 kilogrammes (970lbs) of highly enriched uranium; Iran’s nuclear infrastructure, which the US has long insisted it wants to see dismantled in its entirety; Tehran’s ballistic missiles and its support for armed groups in the region.
#US #Iran #Stock Market
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