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The frozen assets of Iran, estimated to be over $100bn, have emerged as a significant obstacle in the ongoing talks between the United States and Iran. These assets, which include revenues from oil sales frozen in foreign banks, are a vital component of Iran's economy, which has been severely impacted by sanctions imposed by the US and other nations.The sanctions, in place since 1979, have restricted Tehran's ability to access its own assets, exacerbating the country's economic woes. Mohammad Bagher Ghalibaf, the speaker of Iran's parliament, has emphasized that the release of these frozen assets is a prerequisite for any negotiations.The exact amount of frozen assets is unclear, but experts estimate it to be around $100bn, a sum that is approximately four times what Iran earns annually from hydrocarbon sales. Frederic Schneider, a nonresident senior fellow at the Middle East Council on Global Affairs, noted that this is a substantial amount, especially for a country that has been suffering under decades of US-led sanctions.The frozen assets are held in multiple countries, including Japan, Iraq, China, India, Luxembourg, and Qatar. Iran's economy is in crisis, with decades of sanctions limiting its oil exports and stalling its ability to attract investments and modernize its industry and technology. The release of these assets could provide a significant boost to Iran's economy, allowing it to address its infrastructure needs and stabilize its currency.Roxane Farmanfarmaian, academic director and lecturer in international politics at the University of Cambridge, emphasized that unfreezing Iran's assets would be significant, enabling the country to repatriate its funds earned in hard currency from oil sales and gain control over its currency fluctuations.

Just a decade ago, cord‑cutters imagined a utopia where any game could be streamed on any device for a single, affordable price. Today, that vision has morphed into a bewildering web of platforms, blackouts and fees that strain even the most devoted fans. Major League Baseball illustrates the chaos. The Yankees’ local market now requires fans to juggle seven different providers, from traditional broadcasters to Apple TV and niche apps. A season‑long Gotham Sports App pass costs $119.99, while Amazon’s Prime Video charges $14.99 per month (or $139 annually) for exclusive rights to 21 Wednesday games. Netflix, at $19.99 per month, aired the opening‑night matchup between the Yankees and Giants. Adding these together, a die‑hard fan could face a bill of roughly $800 to watch every Yankees game this year, according to a calculation by The Athletic. Even Apple’s own streaming chief, Eddy Cue, admitted the market has regressed: “You used to buy one subscription, your cable subscription, and you got pretty much everything they had. Now, there’s so many different subscriptions, so I think that needs to be fixed.” MLB commissioner Rob Manfred proposes centralising local rights by 2028, hoping to curb the splintered landscape. Yet legacy broadcasters and tech giants continue to chase lucrative deals. The NBA’s recent 11‑year, $76 billion media contract with Disney/ESPN, Amazon and NBC underscores how high the stakes have become. Rights fees are increasingly volatile. ESPN reportedly paid $550 million annually for Sunday Night Baseball, only to see MLB strike a $10 million per‑year deal with Roku for the same slot. Netflix is said to spend $50 million per season for three years to air marquee events such as Opening Night and the Home Run Derby. The NFL, the most valuable league, embraces fragmentation as a revenue strategy, distributing games across CBS, Fox, NBC, ESPN/ABC, Prime Video, the NFL Network, YouTube and Netflix. By packaging boutique game bundles for streamers, the league extracts “significantly more money” beyond its core media rights. Beyond cost, the viewer experience is eroding. In‑game advertising now blankets pitches and ice rinks, while “hydration breaks” at the World Cup will feature mandatory ad slots. Streamers counter with ad‑free premium tiers, but those come at a premium comparable to airline baggage fees. Financial pressures are evident. Peacock added 44 million paying subscribers in Q4 2025, yet reported a staggering $552 million loss, largely due to expensive NBA and NFL rights. Dazn, another global sports streamer, has accumulated billions in operating losses since launch. Industry analysts warn that over‑commercialisation could alienate casual viewers, especially younger audiences with shrinking attention spans who prefer short‑form clips on platforms like TikTok. As Anthony Palomba of the University of Virginia notes, “The prospect of watching a three‑hour game versus getting bite‑sized highlights on TikTok is difficult.” Data‑driven, AI‑powered programmatic ads promise higher monetisation, turning moments—like Steph Curry’s game‑winning three‑pointer—into instant shopping opportunities. Amazon, for example, leverages its ecosystem to track the full consumer journey from view to purchase. One potential remedy is a consolidated “one‑stop‑shop” that bundles multiple sports feeds, aiming to reverse the so‑called “enshittification” of streaming services—a term coined by Cory Doctorow to describe platforms that sacrifice quality for profit. While nostalgia for the era of a single cable package persists, experts caution against romanticising the past. As former NBA commentator Jon Lewis observes, “The old days were complicated in their own ways; today’s challenge is to balance revenue with a sustainable, fan‑friendly experience.”

Sir Keir Starmer cannot be blamed for the economic consequences of a war he did not start, but he needs to have a plan in place for a severe and prolonged crisis. The public needs to see that the government is proactive and prepared to address the challenges ahead.

The literary world was recently abuzz with the news that critically acclaimed author Helen DeWitt had declined a $175,000 Windham-Campbell prize due to its onerous promotional requirements. The prize, which aims to give recipients the financial freedom to focus on their work, came with obligations that DeWitt found unsustainable, including six to eight hours of filming.This decision has ignited a fierce debate about the pressures of self-promotion in the publishing industry and the challenges faced by authors who are unable to meet these demands due to disability, chronic illness, or other personal circumstances. DeWitt's stance has been praised by some as a principled refusal to play the self-promotion game, while others have criticized her as entitled or spoiled.The Windham-Campbell prize is one of the most prestigious literary awards, recognizing eight writers each year for their life's work. This year's winners include Gwendoline Riley, an author known for her nuanced explorations of family relationships. Riley's win is a testament to the prize's ability to shine a light on talented writers who may have been overlooked.The controversy surrounding DeWitt's decision highlights the precarious nature of a literary career. With average author earnings plummeting and the industry becoming increasingly professionalized, many writers are finding it difficult to make a living from their work. The emphasis on self-promotion can be particularly challenging for authors who are neurodivergent or have disabilities, as it can exacerbate existing difficulties.DeWitt's experience has sparked a wider conversation about the need for greater inclusivity and support in the publishing industry. As one author noted, the art world is ahead of publishing in terms of facilitating access and assistance for artists with disabilities. The industry must adapt to accommodate writers with diverse needs and ensure that opportunities are accessible to all, regardless of their abilities.In a surprising twist, DeWitt has since announced that she has received a $175,000 grant from a conservative university thinktank with no strings attached. This development has raised questions about the role of philanthropy in supporting literary talent and the complexities of author promotion in the modern publishing landscape.

UK officials have entered exclusive talks with a Norwegian startup, Blastr, to buy the former Liberty Steel works in South Yorkshire, in a significant step towards its rescue. Blastr, owned by Vanir Green Industries, a Norwegian investor in renewable industries, is understood to be the bidder preferred by the government’s official receiver to take on ownership of the UK’s largest existing electric arc furnace in Rotherham and other works in Stocksbridge, both in South Yorkshire.The business, formally named Speciality Steel UK (SSUK), has been under the official receiver’s control since August, after the previous owner Sanjeev Gupta lost ownership in London’s high court. Finding a new buyer would remove a headache for the government, which also a year ago took control of the Chinese-owned British Steel blast furnaces in Scunthorpe, Lincolnshire.Blastr is run by Mark Bula, who has worked for and run large steel businesses in India and the US. The company does not yet operate any steel plants, although it is developing a site in Finland to use green hydrogen to produce iron and steel. It is likely to have to secure financing to take on the SSUK sites in South Yorkshire, but it would allow them to progress rapidly.Union officials welcomed the news after employees were informed. Charlotte Brumpton-Childs, a former steelworker and a national secretary of the GMB union, said Liberty Steel workers “have been at the sharp end of years of uncertainty at this point – this needs to be a deal that secures the long-term future of steelmaking in South Yorkshire”. She added: “Any sale of SSUK must include due diligence which guarantees ongoing operations and stability of the sites.”

Cuba is on the brink of transforming its energy landscape with a bold plan to invest $8bn in renewable energy, which could reduce its reliance on fossil fuels and pave the way for energy independence from the US. The proposal, put forth by the Common Wealth thinktank's Transition Security Project (TSP), suggests that this investment could cover 93.4% of Cuba's electricity generation needs.The US has imposed a crippling energy blockade on Cuba, severely limiting the island nation's access to oil. Since January, Cuba has received only one shipment of oil, from Russia, and its national electric grid has collapsed, leading to repeated blackouts and widespread disruptions.The TSP analysis outlines four different scenarios for Cuba's transition to renewable energy, with costs ranging from $5bn to $19.2bn. The most ambitious proposal would see three-quarters of electricity generation provided by solar power, with wind, hydropower, and bioenergy making up the remainder.The report argues that electricity costs would decrease in every renewable investment scenario, with the cost per unit of energy falling from 14.3¢ per kWh in the baseline scenario to 6.5¢ with $8bn of investment. The transition would require a society-wide transformation, but Cuba has demonstrated its ability to adapt in the past, such as its rapid shift to agroecology and self-sufficiency in the 1990s.The question remains: who would pay for this transition? The report suggests that financing should be understood as "reparative climate finance", with Cubans able to pay back investments through savings on cheaper energy. The transformation would not only benefit Cuba but also set an important example of a rapid energy transition under conditions of external constraint.

Ukraine and Germany have agreed on a strategic defence partnership that will enhance cooperation in drone production and bolster Kyiv's air defences. Ukrainian President Volodymyr Zelenskyy and German Chancellor Friedrich Merz announced the deal at a news conference in Berlin.The partnership will grant Germany access to Ukraine's advanced drone technology, developed during its conflict with Russia, in exchange for additional military support from Germany. This cooperation will cover various types of drones, missiles, software, and modern defence systems.In a joint declaration, the two countries stated they will strengthen cooperation in the air defence field. Germany will support Ukraine's drone industry and establish drone co-production ventures. The German defence ministry has agreed to fund contracts for several hundred Patriot missiles from the United States, which Ukraine urgently needs to counter nightly Russian drone and missile attacks.Ukrainian Defence Minister Mykhailo Fedorov expressed gratitude to his German counterpart, Boris Pistorius, for the package, which he valued at four billion euros ($4.7 billion). This funding will provide a massive boost for Ukraine's air defence, protecting its cities and critical infrastructure.Ukraine currently has the production capacity to manufacture twice as much military equipment as it is deploying but lacks the necessary funding. President Zelenskyy emphasized that financial constraints hinder Ukraine's ability to scale up production.German Chancellor Merz noted that the deal is mutually beneficial, citing Ukraine's battle-tested military as a valuable asset for European security. The agreement also includes the exchange of digital combat data for developing new weapons systems.The announcement comes as hopes rise that the European Union may soon provide Ukraine with a 90-billion-euro ($105bn) loan, which was blocked by Hungary last month. With the recent election of Peter Magyar in Hungary, who is expected to reverse this stance, Ukraine's financial prospects are improving.The urgency of Ukraine's need for additional arms was highlighted by a missile attack on the city of Dnipro, which killed four people and injured at least 21. Russian troops have also captured territory in the Dnipropetrovsk region and launched attacks in the city of Kherson.

The App Store Removal Apple is taking a tough stance on vibe-coding apps, blocking updates or removing those apps from the App Store. Affected apps include Replit, Vibecode, and Anything. While Replit and Vibecode's updates were paused, Anything's app was removed twice. Anything's Struggle with Apple Anything's co-founder, Dhruv Amin, said in a conversation with TechCrunch that Apple removed its app on March 26. Since then, the company has been unable to get its app approved, despite a period where there was a brief reinstatement. Apple cited developer agreement clause 2.5.2, which prevents apps from downloading, installing, or executing code. The app markets itself as a mobile app builder for iPhone and advertises making native iOS apps with features like 1-tap App Store submissions, code export, and full source code editing. The Impact on Anything Amin noted that when the company managed to get on a call with Apple, the iPhone maker told them that the vibe-coding app was removed because of the potential it could be used to download malicious code. The Future of Anything Following the battle with Apple, Anything's maker is looking for other ways to allow people to build mobile apps. Earlier this month, the company launched a feature that let users build apps using the iMessage platform. The company said it will also build a desktop companion app that lets users vibe code mobile apps on their computer. The company may instead look at Google's Android operating system for building its apps, as the platform is more open than iOS. Epic Games CEO Tim Sweeney has been vocal about Apple's tactics, saying that Apple needs to "stop blocking development tools apps ASAP." The Broader Implications Earlier this month, The Information reported that thanks to AI-powered coding tools, Apple saw an 84% jump in app submissions in a single quarter. This could force Apple to change its human-led review processes. As AI-powered coding takes off, consumers might demand that platforms like Apple allow them to create apps for themselves.

The increasing adoption of artificial intelligence (AI) in the workplace is having an unintended consequence: the creation of 'workslop'. Workslop refers to the flawed or inaccurate work generated by AI that needs to be heavily corrected, cleaned up, or completely redone. This phenomenon is causing frustration and decreased productivity among employees, who are often pressured by their employers to use AI to produce more work.Ken, a copywriter for a large cybersecurity firm, is one example of an employee struggling with workslop. After his company implemented AI chatbots, Ken found that the initial drafts were easy to create, but the rewriting and correction process was time-consuming and laborious. In fact, Ken and his coworkers had to spend more time rewriting and correcting errors than if they had never used AI at all.A recent survey of 5,000 white-collar US workers found a significant disconnect between employees and executives when it comes to AI. While 92% of high-level executives believe that AI makes them more productive, 40% of non-managers say that AI saves them no time at all. This disparity highlights the challenges of implementing AI in the workplace and the need for clearer mandates and use cases.The driving force behind workslop is complex and multifaceted. Companies have invested billions in enterprise AI, and some have laid off human workers, attributing the cuts to AI's potential productivity. However, workers who remain feel pressured to use AI to produce more work, often with little guidance or training. This has led to a situation where employees are outsourcing judgment to chatbots, with unclear consequences.Researchers have found that 40% of workers encounter workslop within a month, and spend an average of 3.4 hours a month dealing with it. This translates to significant lost productivity and costs for organizations. To address this issue, experts recommend that companies provide clearer mandates and use cases for AI, as well as more worker input and control over how the technology is used.