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Emil Michael, the Pentagon's under secretary for research and engineering, declared a position in xAI valued between $500,000 and $1 million in March 2025. He sold these holdings on January 9 for between $5 million and $25 million, according to government ethics records. The value of his stake increased by 400% to 4,800% during the period he owned it. xAI, which is behind Musk's Grok chatbot, is not publicly traded, making it unclear how Michael obtained his position, how it was priced, or to whom he sold it. During Michael's ownership, the Pentagon announced two separate agreements with xAI. In July 2025, the Pentagon chose Grok as one of four commercial providers to help the department utilize artificial intelligence. On December 22, the defense department announced a new agreement with xAI, paving the way for the deployment of its advanced capabilities. Richard Painter, a former ethics lawyer at the White House, said that in general, it was a criminal violation for government officials to participate in actions that benefit their own financial interests. "It sounds pretty weird," he said of the transactions. The Pentagon stated that Michael was "in full compliance with all ethics laws and regulations. Any claims otherwise are false."

Argentina's congress has approved a bill promoted by President Javier Milei that authorizes mining in ecologically sensitive areas of glaciers and permafrost, sparking widespread environmental protests. The bill, which was already approved by the senate in February, will make it easier to mine for metals such as copper, lithium, and silver in frozen parts of the Andes mountains.The chamber of deputies approved the amendment with 137 votes in favor, 111 against, and three abstentions after nearly 12 hours of debate. Environmentalists argue that the legislative changes will weaken protections for crucial water sources, with thousands protesting outside parliament, holding banners with slogans such as “Water is more precious than gold!” and “A glacier destroyed cannot be restored!”Seven Greenpeace activists were arrested earlier in the day after scaling a statue outside parliament and unfurling a banner urging lawmakers “not to betray the Argentine people”. The passage of the amendment is a new coup for Milei, who pushed through looser labor laws in February despite repeated street protests.Environmental activists, such as Flavia Broffoni, argue that there is no possibility of creating a 'sustainable mine' in a periglacial environment. Argentina has nearly 17,000 glaciers or rock glaciers, with glacial reserves in the north-west shrinking by 17% in the last decade due to climate change.Milei, a free-market radical who does not believe in human-made climate change, says the bill is necessary to attract large-scale mining projects. The Central Bank of Argentina estimates that the country could triple its mining exports by 2030. Supporters argue that the bill will provide legal certainty and clear definitions, while critics, such as Enrique Viale, warn that it threatens the water supply for 70% of Argentinians.

US Defense Secretary Pete Hegseth announced on Wednesday that the United States had achieved a "decisive" military victory over Iran, claiming the Iranian missile programme has been "functionally destroyed." Speaking alongside General Dan Caine, chairman of the Joint Chiefs of Staff, Hegseth described the operation—codenamed Operation Epic Fury—as a "historic and overwhelming" triumph that met every objective, including the dismantling of Iran’s navy, air‑defence systems and missile‑production capability. The declaration came a day after President Donald Trump stepped back from a threatened full‑scale assault on Iran, just two hours before a self‑imposed deadline for Tehran to reopen the blockaded Strait of Hormuz. The resulting cease‑fire agreement stipulates that Iran will not possess a nuclear weapon and that the United States will monitor the country’s enriched uranium stockpiles. While Hegseth emphasized that "they can still shoot here and there, but that would be very unwise," he also warned that US forces will remain in the region to ensure compliance with the two‑week cease‑fire and to oversee the safe transit of vessels through the strategic waterway. Iran’s response was equally emphatic. The Supreme National Security Council, cited by IRNA, congratulated the Iranian people on a "victory" and urged perseverance until the details of that victory are finalized. The council highlighted Iran’s alliances with the so‑called "axis of resistance" in Lebanon, Iraq, Yemen and occupied Palestine, claiming the coalition has delivered blows to the enemy over the past 40 days. At the same briefing, General Caine confirmed that US military objectives in Iran have been met, but framed the cease‑fire as a "pause" rather than a permanent end to hostilities, noting that forces remain ready to resume combat if necessary. In parallel diplomatic developments, a senior Iranian official told Reuters that Tehran could reopen the Strait of Hormuz on Thursday or Friday, contingent on a cease‑fire framework being reached ahead of a scheduled US‑Iran meeting in Pakistan. The closure of the strait has previously disrupted global oil and gas markets, making its reopening a critical economic signal. Trita Parsi, vice‑president of the Quincy Institute for Responsible Statecraft, told Al Jazeera that President Trump needed an exit from a war he described as "an absolute disaster" and that the next two weeks are "crucial" for any genuine diplomatic opening, though he cautioned that the situation is not yet resolved. Analysts note that the cease‑fire’s success will hinge on Iran’s willingness to allow unfettered navigation through the Strait of Hormuz and on US verification of Iran’s uranium holdings. The coming fortnight will test whether the declared victory translates into lasting stability in a volatile region.

Since its inauguration in 1875, Mumbai’s Sassoon Dock has transitioned from a Gulf‑bound trading hub to the beating heart of the city’s fishing sector. Today, the once‑bustling harbour is marked by an unsettling silence.Rows of fishing boats sit idle under the morning sun, their colourful flags fluttering against the skyline. The familiar chorus of net‑unloading, diesel‑engine rumble, ice‑hauling and fish‑monger shouts has faded.Boat owner Shekhar Chogle, weather‑worn from years at sea, has been compelled to keep his vessel moored since the conflict began. Plummeting earnings, relentless labour costs and diesel prices soaring above $1.20 per litre ($4.54 per US gallon) have rendered fishing operations virtually impossible.The dock’s diesel pump now sits abandoned, draped with a wilted marigold garland. A worker returns from the petrol station empty‑handed, his wooden barrow holding six unfilled containers, underscoring the fuel shortage that has crippled cooperatives that normally supply affordable fuel, ice and equipment to fishers.This fuel crisis reverberates beyond Mumbai, affecting fishing communities throughout India and wider Asia. Fishers confront a stark choice: stay ashore and forfeit income, or brave the sea at the risk of further financial loss, jeopardising both individual families and entire coastal economies.A recently announced two‑week ceasefire between Iran, the United States and Israel offers a glimmer of hope, yet analysts warn that normalising fuel supplies will take time.For Chogle, the clock is ticking. “Our income has dropped significantly since we have not been able to take our boat out to sea,” he lamented.Despite the soaring fuel costs, a few boats still venture out. Morning markets persist, though catches are modest. Women in vibrant saris haggle over the limited fish, and a mother balancing a baby on her hip scrutinises each purchase, weighing cost against necessity.“If diesel prices don’t come down soon, I don’t know how we’ll survive,” Chogle warned, encapsulating the precarious future of Mumbai’s once‑thriving fishing trade.

Arsenal's quest for a quadruple has hit a roadblock, with their UEFA Champions League hopes put to the test by Sporting Lisbon. The Gunners secured a 1-0 win in Lisbon, courtesy of a late Kai Havertz strike, but the performance left many questions unanswered.The team's recent back-to-back defeats in the League Cup final and FA Cup quarterfinals have raised concerns about a late-season slump. Despite leading the Premier League by nine points, Arsenal's consistency has been questioned, and Mikel Arteta's intensity has come under scrutiny.Arteta's emotional displays, particularly in defeat, have been a concern for some members of Arsenal's hierarchy, who worry that his temperament could be holding the team back. However, Arteta remains convinced that his side can handle the pressure and secure silverware.The team's midfielder, Christian Norgaard, emphasized the importance of maintaining a positive body language and focusing on the upcoming games. David Raya, the goalkeeper, expressed his confidence in the team's ability to win the Champions League, stating that belief is key to success.As Arsenal prepares for the second leg against Sporting Lisbon, they must address their concerns and capitalize on their strengths to achieve their goals. The team's performance will be crucial in determining their fate in the Premier League and Champions League.

Political leaders across Washington breathed a collective sigh of relief on Tuesday evening when President Donald Trump announced a provisional two‑week ceasefire with Iran, ending a 24‑hour standoff that had seen him threaten to annihilate Iran’s “whole civilization” if Tehran failed to reopen the Strait of Hormuz by his self‑imposed deadline.The ceasefire declaration arrived just 90 minutes before the 8 p.m. ET deadline at which Trump had pledged to bomb Iranian power plants and bridges – a move scholars warned would constitute a war crime. A last‑minute diplomatic push by Pakistan persuaded the president to suspend the ultimatum, buying a narrow window for de‑escalation.In a post on Tuesday night, Trump wrote: “Subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks.”Iran’s foreign minister quickly responded, stating that the strait would remain open for the next fourteen days under Iranian military management, effectively meeting the condition set by the United States.The president’s earlier warning – that a “whole civilization will die tonight, never to be brought back again” – drew swift condemnation from Democrats, longtime allies who have broken with Trump over the crisis, and even Pope Francis, the first American pontiff.Senate Majority Leader Chuck Schumer labeled Trump’s retreat as “desperately searching for any sort of exit ramp from his ridiculous bluster,” adding that the president had previously been called “an extremely sick person” waging a “wanton war of choice.”House Democrats, including former Speaker Nancy Pelosi, called for Trump’s removal via impeachment or the 25th Amendment, arguing that his conduct amounted to a threat of genocide against the Iranian people. Progressive Representative Alexandria Ocasio‑Cortez echoed this sentiment, saying the two‑week deal “changes nothing” and urging Congress to act.House Minority Leader Hakeem Jeffries described Trump’s behavior as “unhinged, unpresidential and unconscionable,” and warned that the American public “strongly opposes this reckless war of choice.” He announced that Democrats would push Speaker Mike Johnson to reconvene the House and move a war‑powers resolution to secure a permanent end to hostilities.Republican reactions were more nuanced. Senator Rick Scott praised the ceasefire as “a strong first step toward holding Iran accountable,” while Senator Lindsey Graham expressed hope that diplomacy could “end the reign of terror of the Iranian regime,” cautioning that Iran should not be rewarded for its earlier attacks on the strait.Conversely, Rep. Dan Crenshaw, a Texas Republican known for breaking with Trump, dismissed critics as “pearl‑clutching,” arguing that the president’s “language of POWER” is what adversaries understand, and that diplomatic niceties alone achieve little.The episode underscores a volatile moment in US‑Iran relations, where a single diplomatic pivot averted an imminent escalation, yet left Congress divided over the president’s authority to wage war and the need for a lasting legislative solution.

Bill Ackman's Pershing Square has unveiled a €55.75 bn cash‑and‑shares bid to acquire Universal Music Group (UMG), valuing the label at €30.40 per share – a 78% premium over the previous close of €17.10. The proposal translates to roughly $64.31 bn, positioning it as one of the largest recent takeovers in the entertainment sector. The offer is tied to a strategic plan to relocate UMG’s primary listing from Amsterdam to New York. A U.S. listing would broaden the investor base, potentially attracting index funds and enhancing liquidity, which Ackman argues could lift earnings and drive a higher market valuation. In a letter to UMG’s board, Ackman praised chairman‑CEO Lucian Grainge while criticizing what he described as an “underutilized balance sheet” and the company’s €2.7 bn investment in Spotify Technology. He suggested that a refreshed governance structure – including former Hollywood super‑agent Michael Ovitz as board chair and two Pershing Square directors – would better position the label for future growth. Market reaction was immediate: UMG shares jumped 13% on the news, while Bollore Group’s stock rose 5% and Vivendi’s shares climbed over 10%. Pershing Square currently holds a 4.7% stake in UMG, making it the fourth‑largest shareholder. Key shareholders whose support is essential include Bollore Group (18.5% stake), Vivendi (13.4%), and China’s Tencent. Notably, the Bollore family controls about 80% of UMG’s voting rights, giving it decisive influence over any transaction. Industry analysts point to several headwinds that have pressured UMG’s share price, which has fallen nearly one‑third since its 2021 IPO. Streaming growth is decelerating, and concerns about AI‑generated music – from copyright disputes to fully synthetic songs – are reshaping the competitive landscape. A recent survey found that 97% of listeners can differentiate between AI‑created tracks and human‑composed music. Despite these challenges, global music revenues continue to rise year over year, prompting major labels such as Sony and Warner Music to double‑down on streaming partnerships with platforms like Spotify, Amazon, Apple and Deezer. Under the proposed structure, Pershing’s SPARC Holdings would merge with UMG, creating a Nevada‑incorporated entity listed on the New York Stock Exchange. If approved, the deal could set a precedent for how legacy entertainment firms adapt to evolving technology and investor expectations.

Iranian officials have urged young people to form human chains around the country's power plants, as tensions escalate with the US and Israel. The call to action comes as US President Donald Trump threatens massive strikes on civilian infrastructure if Iran doesn't reopen the Strait of Hormuz.Iranian media showed people gathering outside electricity stations, waving Iranian flags and holding up banners. In Dezful, people gathered on a 1,700-year-old bridge. The country's president, Masoud Pezeshkian, said 14 million people had signed up to fight for their country and declared their readiness to sacrifice their lives in defence of Iran.The US and Israel carried out waves of preparatory strikes that appeared to knock off course the chances of a last-minute ceasefire deal before Trump's 8pm ET (1am BST) deadline for Iran to reopen the strait. Attacks on civilian infrastructure amount to war crimes, legal experts say.Alireza Rahimi, identified by Iranian state television as the secretary of the Supreme Council of Youth and Adolescents, issued a video message calling on young people to form human chains around power plants. He asked them to gather on Tuesday at 2pm around the power plants, which he described as national assets and capital.Iran has formed human-chain demonstrations, also known as human shields, in the past around its nuclear sites at times of heightened tensions with the west. A man in Tehran said his household had collected basic necessities and equipment to charge their mobile phones, in preparation to flee the capital if necessary.The indirect negotiations between the US and Iran are continuing, largely by passing messages through Pakistan. However, the intermediaries said they feared that Israel was bombing the chances of reaching an agreement.

The ongoing conflict between the US and Iran has raised concerns about the protection of civilians in war. Donald Trump's threats to bomb civilian infrastructure, including power stations, desalination plants, and bridges, have been widely criticized as potential war crimes. In a recent statement, Trump doubled down on his threat, saying that a whole civilization will die if his demands are not met. This rhetoric has sparked fears of a humanitarian crisis and raised questions about the US's commitment to protecting civilians in war.Historically, the protection of civilians has been a cornerstone of international law. The Geneva Conventions, established in 1949, clearly state that civilian objects shall not be the object of attack or reprisals. The US has a long tradition of upholding these principles, dating back to the Lieber Code of 1863, which established protocols for the protection of the innocent during the Civil War.The article argues that protecting civilians is not a sign of weakness, but rather a sign of strength and self-discipline. It cites examples of leaders who have prioritized humanitarian concerns in times of war, including President Franklin D. Roosevelt's vision for a world united around democratic values and international organizations. In contrast, Trump's approach has been criticized for its lack of nuance and disregard for humanitarian concerns. The article notes that the US must distinguish between military targets and civilian infrastructure, and that cyber-attacks and other non-lethal methods should be used whenever possible to minimize harm to civilians.Ultimately, the article concludes that upholding American values and international law is essential to maintaining global stability and preventing humanitarian crises. By prioritizing the protection of civilians, the US can demonstrate its commitment to humanitarian principles and show that it is capable of fighting wars with greater purpose and a plan for peace.