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Business Mar 27, 2026

Asda Warns of Temporary Petrol Shortages Amid Middle East Conflict

Asda's executive chair warns of temporary petrol shortages at some pumps due to high demand and sup…
The boss of Asda, the UK's second-largest fuel retailer, has warned of temporary shortages at petrol pumps due to the ongoing conflict in the Middle East. Allan Leighton, executive chair of Asda, stated that the company has been experiencing high demand from drivers as fuel prices have surged over the past four weeks.Leighton emphasized that the temporary shortages have only affected the odd pump at a small number of Asda's petrol forecourts, typically when customers arrive at a time the retailer is waiting for a fuel delivery. He added that these shortages are temporary and addressed quickly.Petrol and diesel prices have climbed significantly since the US and Israel began their campaign against Iran on 28 February. The average price of petrol in the UK rose above 150p a litre for the first time since May 2024, reaching 150.11p, according to the RAC. Diesel prices have also increased, averaging 177.68p a litre.Leighton rejected claims that fuel retailers might be 'profiteering' from the crisis by raising their prices, stating that Asda's profit margin is coming under pressure from higher fuel costs. He also noted that the government is benefiting from the situation through increased tax revenue.The global price of oil has moved higher again, climbing 2.5% to almost $111 a barrel. This increase is likely to keep petrol and diesel prices higher in the coming weeks, affecting motorists during the Easter weekend.
#Asda #petrol #Middle East conflict
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Economy Mar 27, 2026

The Return of Price Controls: A New Era in Economic Policy?

The article discusses the growing trend of governments intervening in the economy to control prices…
The notion of governments controlling prices has long been considered taboo in modern economics. However, with the resurgence of inflation and its far-reaching consequences, this stance is beginning to shift. Politicians are now exploring the possibility of intervening in the market to regulate prices, a move that would have been deemed unthinkable just a few decades ago.The Austrian economist Friedrich Hayek had argued that governments lacked the necessary information to make informed decisions about prices, leading to inefficiencies in state-run economies. Nevertheless, as market economies have struggled to provide affordable essentials like energy and housing, interest in state-regulated prices has begun to grow.Examples from Mexico and Spain demonstrate the effectiveness of government intervention in controlling prices. In Mexico, the left-wing president Andrés Manuel López Obrador and his successor Claudia Sheinbaum have capped the prices of essential goods, while in Spain, the centre-left government of Pedro Sánchez has implemented a national rent freeze and energy price cap.In the UK, Zack Polanski of the Green party has advocated for a wider price reset, while Andy Burnham, a possible Labour leadership candidate, has also called for more state involvement in the economy to reduce prices. Burnham's experiences as mayor of Greater Manchester, where he has brought buses back under public control, have informed his arguments.The pressure for the UK to adopt similar measures is mounting, with a majority of British voters supporting nationalizations to get prices under control. As inflation continues to rise, it remains to be seen whether the UK government will follow the example of countries like Spain and Mexico.
#inflation #price controls #Federal Reserve
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Science Mar 27, 2026

Whales Observed Assisting Each Other During Birth in Rare Underwater Footage

Scientists have captured rare footage of sperm whales assisting each other during birth, a behavior…
For the first time, scientists have documented whales assisting each other during birth, a behavior previously only observed in primates. A team from Project Ceti, an international effort to understand whale communication, captured the extraordinary footage off the coast of Dominica in the Caribbean on July 8, 2023.The team observed a pod of 11 whales, including a 19-year-old female named Rounder, who was about to give birth to her second calf. Over nearly five and a half hours, the scientists documented the group's behavior, filming them with drones and recording sounds underwater. This exceptional rarity in the history of science was published in the journals Scientific Reports and Science.Out of 93 species of cetaceans, only nine have been observed giving birth in the wild. What's even rarer is that unrelated whales were helping the mother. The birth lasted 34 minutes, during which other adult females dived under Rounder's dorsal fin, often on their backs with their heads facing her genital slit.Immediately after birth, the pod's behavior changed rapidly, with all adults touching and squeezing the newborn's body with their heads, pushing it around underwater and on their bodies above the surface. This behavior is believed to help the newborn calf, which sinks after birth, prevent drowning and facilitate its first breaths.The scientists also recorded significant changes in vocalization during the birth, suggesting that the group was coordinating to support the birth or protect the newborn. Sperm whales have one of the longest pregnancies in the animal kingdom, with a gestation period of up to 16 months, and calves rely on their mother's milk for at least two years.The newborn was spotted again on July 25, 2024, with other young members of the pod, indicating that it had survived its first year, a good sign of reaching adulthood.
#sperm whales #Dominica #marine mammals
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World Economy Mar 26, 2026

Europe on Brink of Energy Crisis: What's Driving the Risk?

Europe faces potential energy crisis due to supply concerns.
Europe is facing growing concerns about an impending energy crisis. Rising demand and supply chain disruptions have led to worries about the continent's ability to meet its energy needs. The situation has sparked fears of potential shortages and price hikes, which could have far-reaching impacts on the region's economy and households. As the situation continues to unfold, energy security has become a top priority for European policymakers, who are working to mitigate the risks and ensure a stable energy supply.
#europe #heading #energy
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Politics Mar 26, 2026

Pakistan Facilitates Crucial US-Iran Talks Amid Escalating Tensions

Pakistan is playing a mediating role in talks between the US and Iran, aiming to ease tensions betw…
Pakistan has confirmed that it is acting as a mediator in ongoing talks between the United States and Iran. This development comes at a time when tensions between the US and Iran have been escalating. The mediation efforts by Pakistan are seen as a crucial step in attempting to ease the strained relations between the two countries.The role of Pakistan in these talks highlights its growing influence in regional diplomacy. Iran and the US have been at odds over various issues, including Iran's nuclear program and its support for certain militant groups. These tensions have had significant implications for the stability of the Middle East.By facilitating dialogue, Pakistan aims to contribute to a reduction in hostilities and promote a more stable environment in the region. The success of these mediation efforts could have far-reaching consequences for international relations and security.
#Pakistan #United States #Iran
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World Economy Mar 26, 2026

Global Medical and Tech Industries Face Helium Shortage Amid Middle East Conflict

Geopolitical tensions between the US, Israel, and Iran have disrupted global helium supplies, with …
The ongoing conflict between the United States, Israel, and Iran has created a significant disruption in the global helium supply chain, affecting approximately one-third of worldwide production. This critical resource, essential for both medical diagnostics and advanced manufacturing, faces unprecedented challenges as shipping restrictions and production halts impact markets worldwide.The disruption stems primarily from Qatar, the world's largest helium producer, which accounts for about 63 million cubic meters of the roughly 190 million cubic meters of helium produced globally annually. Following Iranian attacks on Qatari energy infrastructure, QatarEnergy has announced a 14% annual reduction in helium exports, citing damage to its LNG facilities that also produce helium as a byproduct.The Strait of Hormuz, a critical maritime chokepoint, has seen traffic nearly grind to a halt after Iranian officials announced new transit restrictions. This waterway serves as the primary export route for Qatar's helium, with no viable alternative maritime outlet available.The impact of this helium shortage extends across multiple sectors. MRI machines, which rely on helium's unique cooling properties, face potential operational delays, while the semiconductor industry—a cornerstone of modern technology—also depends on this irreplaceable resource for chip manufacturing. South Korea, Japan, Taiwan, and China stand as the most vulnerable economies, being the largest consumers of Gulf-sourced helium.Market analysts project that helium prices could surge by 10-50% depending on the duration of the supply disruption, with buyers lacking long-term contracts experiencing the most immediate price increases. The medical industry, in particular, has been attempting to develop alternatives, including helium-free MRI technologies and helium recycling systems, though most current systems remain dependent on liquid helium.The United States, as the largest global helium producer at over 40% of worldwide supply, cannot fully compensate for the Gulf shortfall. Even North American consumers face challenges, with major distributors like Airgas already cutting shipments by half and parent company Air Liquide reallocating its supply chain to access helium from other regions.This helium crisis represents the fifth significant supply shortage since 2006, highlighting the vulnerability of global supply chains for critical industrial materials with no artificial substitutes. The situation underscores how geopolitical conflicts can have far-reaching consequences beyond traditional energy markets, potentially impacting healthcare accessibility and technological innovation worldwide.
#helium #qatar #production
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World Economy Mar 26, 2026

Global Trade Faces Worst Disruption in Eight Decades, WTO Warns

The World Trade Organization (WTO) has warned that the world is experiencing the worst trade disrup…
The World Trade Organization (WTO) has issued a stark warning that the world is currently facing the worst trade disruption in 80 years. This severe disruption is having far-reaching implications for the global economy, affecting trade flows and economic stability worldwide.The WTO's assessment underscores the gravity of the situation, with global trade experiencing unprecedented challenges. While specific details on the causes and exact extent of the disruption are not provided, the organization's statement highlights the urgent need for coordinated international efforts to address these issues and mitigate their impact on the global economy.
#wto #says #world
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World Economy Mar 26, 2026

Rising Middle East Tensions Spark Fears of Asian Energy Crisis

Escalating attacks in the Middle East have raised concerns about a potential energy crisis in Asia,…
The recent surge in attacks in the Middle East has sparked fears of an impending energy crisis in Asia, a region that heavily relies on oil imports from the volatile region. The escalating tensions have led to concerns about the security of oil supplies, which could have far-reaching implications for the Asian economy.Asia's dependence on Middle Eastern oil has long been a concern, with many countries in the region relying heavily on imports to meet their energy needs. Any disruption to these supplies could have significant impacts on the region's economic growth and stability.The situation is being closely monitored by energy experts and policymakers, who are warning of the potential risks of an energy crisis in the region. The global economy is also likely to be affected, as any disruption to oil supplies could lead to higher prices and reduced economic growth.
#middle #east #attacks
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Tech Mar 26, 2026

Meta and Google Found Liable in Landmark Social Media Addiction Case

A California jury has found Meta and Google liable for $3m in damages in a landmark social media ad…
A California jury has ruled that Meta and Google are liable for $3m in damages in a landmark social media addiction lawsuit. The case, which began over a month ago, accused the companies of designing features intended to hook young users, including notifications and autoplay features.The plaintiff, a 20-year-old woman referred to as KGM or Kaley, claimed that she became addicted to social media at a young age, which exacerbated her mental health issues. She began using YouTube at age six and Meta-owned Instagram at age nine.The jury deliberated for over 40 hours across nine days before reaching a verdict. Meta CEO Mark Zuckerberg and Instagram head Adam Mosseri testified in the case, although YouTube chief executive Neal Mohan was not called to testify.The verdict is the latest in a wave of lawsuits targeting social media companies. There is a looming federal social media addiction case slated to begin in June in Oakland, California. On Tuesday in New Mexico, a jury found that Meta violated state law by misleading users about the safety of Facebook, Instagram, and WhatsApp, and by enabling child sexual exploitation on those platforms.Legal experts say the verdict will shape future litigation. 'The fact the jury found Meta and Google liable represents that these cases have real exposure to the social media giants, and are going to frame how future litigation will proceed,' entertainment lawyer Tre Lovell told Al Jazeera.
#Meta #Google #Facebook
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