Breaking AI & Tech News Analyzed

Iran's Islamic Revolutionary Guard Corps (IRGC) has claimed responsibility for conducting missile and drone attacks on aluminium facilities in Bahrain and the United Arab Emirates (UAE). According to a statement carried by Iran's state broadcaster IRIB, the IRGC targeted sites on Saturday that were allegedly linked to US military bases in the Gulf states.The attacks resulted in injuries to two employees at Aluminium Bahrain (Alba) and significant damage to one of Emirates Global Aluminium (EGA) sites in Abu Dhabi, with six people injured. The IRGC stated that the strikes were in retaliation for a US-Israeli attack on Iranian industrial infrastructure launched from military bases hosting US forces in the Gulf states.The attacks have raised concerns about the global aluminium supply, with estimates suggesting that between 4 to 9 percent of the global supply comes from this region. The escalation of attacks in the Middle East has led to increased tensions, with Saudi Arabia intercepting and destroying 10 drones and the Kuwaiti National Guard shooting down four drones.Analysts warn that if Iran continues to match attack for attack, the situation could become very concerning, potentially leading to further escalation in the Gulf Cooperation Council. The attacks have also prompted Oman's Foreign Ministry to condemn the attacks on its territory, with authorities investigating the sources and motives behind the assaults.

Qatar's Prime Minister and Foreign Minister, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, held crucial talks with senior US officials in Washington, DC, as tensions escalate in the Gulf region due to the ongoing US-Israeli war on Iran.The meetings, which included US Vice President JD Vance and US Secretary Scott Bessent, focused on strengthening the "close strategic cooperation" between Doha and Washington, particularly in defense partnerships given the current regional challenges.Both sides emphasized the importance of ensuring the sustainability of energy supplies and maintaining the flow of liquefied natural gas from Qatar to global markets, supporting global energy security.Vance praised Qatar's active role in promoting regional stability and enhancing global energy security, highlighting the robust strategic partnership between the two nations.The Gulf region has been under heightened tension since February 28, when the US-Israeli war on Iran began, resulting in over 3,000 deaths across the region, mostly in Iran and Lebanon.Iran has since launched drone and missile attacks on Israel, Jordan, Iraq, and Gulf states, prompting regional leaders to urge Iran to cease these attacks to protect civilians.Earlier this month, Qatar reported that Iranian missile attacks on the Ras Laffan Industrial City, the country's main gas facility, caused "significant damage."The conflict has led to an unprecedented global energy crisis as Iran has effectively closed off the Strait of Hormuz, through which one-fifth of the world's oil passes.On Thursday, Sheikh Mohammed also met with US Secretary of Defense Pete Hegseth in Washington, focusing on developing defense and security collaboration amid regional challenges.The Qatari Cabinet has condemned Iranian attacks on Qatar and its neighbors, calling for an immediate halt to these actions.

The conflict between the US, Israel, and Iran has entered its fourth week, with the Strait of Hormuz remaining effectively closed. This has led to a broadening of the global energy crisis, with the economic outlook darkening across Asia, Europe, and beyond.Japan has responded by releasing 80 million barrels of oil from its national reserves, enough to last for 45 days. The country's reliance on Middle Eastern crude oil imports stands at 90 percent.The Organisation for Economic Co-operation and Development (OECD) has warned that the conflict will have a significant impact on the UK economy, predicting inflation of 4 percent this year. UK Foreign Secretary Yvette Cooper has stated that Iran cannot be allowed to hold the global economy hostage.The uncertainty surrounding Trump's policy on Iran has led to the emergence of the TACO trade, an acronym that stands for Trump Always Chickens Out. This phenomenon refers to investors betting that the US president will back down from his threats, resulting in profits for those who bought in.Observers note that Trump's inconsistent messaging has created an opportunity for investors to bet on his policy reversals. For example, Trump extended his deadline for Iran to reopen the Strait of Hormuz from 48 hours to five days, and later promised to hold off from attacks on Iran's energy facilities for an additional 10 days. This type of about-face has opened the door to investors willing to bet that the US president will back down.Lena Komileva, chief economist at consultancy firm (g+)economics, notes that global markets have been less inclined to rebound after Trump's Iran-related policy reversals compared to similar shifts in response to his tariff policies. This is due to the complexity of the conflict and the unique objectives of the parties involved.

Ukraine has announced a defence agreement with Saudi Arabia, described by President Volodymyr Zelenskyy as a mutually beneficial arrangement. The deal, which lays the groundwork for future contracts and technological cooperation, was made ahead of a meeting with Saudi Crown Prince Mohammed bin Salman.Zelenskyy stated that the agreement will facilitate technological cooperation and investment between the two nations. Saudi Arabia has not officially confirmed the pact.The partnership comes at a time when Gulf countries, including Saudi Arabia, are under attack by Iran. Since the US and Israel began their military campaign against Tehran on February 28, Riyadh has intercepted hundreds of drones and dozens of missiles. On Friday, the Saudi defence ministry reported that at least six missiles were intercepted.Ukraine, which has long battled Russian drones, is well-positioned to assist Gulf countries in countering Iranian attacks. Kyiv has become a major producer of cheap but efficient interceptor drones to counter Moscow's waves of drone attacks. In one of Russia's largest wartime aerial attacks on Ukraine, it launched 948 drones within 24 hours, killing two people.“This winter alone, Russia launched over 19,000 drones into Ukraine, just to give some perspective on how much experience they do have in shooting down drones,” said Al Jazeera’s Audrey MacAlpine, reporting from Kyiv. Ukraine has deployed 201 anti-drone experts to the Middle East to assist in the defence against Iranian attacks.

Italian regulators have launched an investigation into Sephora and Benefit Cosmetics, both owned by the French luxury group LVMH, over allegations of using 'covert marketing strategies' to sell beauty products to young girls. The probes aim to determine if these brands have been targeting minors with skincare products, such as face masks, serums, and anti-ageing creams, potentially fuelling an unhealthy obsession with skincare known as 'cosmeticorexia'.The Italian Competition Authority stated that the investigations were opened over concerns that important information – such as warnings and precautions for cosmetics not intended for, or tested on, minors – may have been omitted or presented in a misleading manner. The regulator expressed concerns that the frequent and combined use of a wide range of cosmetics by minors, without proper awareness, may be harmful to their health.The trend of young girls and teenagers being drawn to high-end beauty products has been driven by skincare content produced by beauty influencers, many of whom are tweens and teens themselves. This phenomenon, known as 'Sephora kids', has met a backlash from dermatologists who argue that children do not require beauty products and that this early focus on appearance can create anxiety over how their skin looks.Sephora has previously sought to distance itself from this trend, with its North America CEO, Artemis Patrick, stating in a 2024 interview that 'we do not market to this audience'. However, the regulator alleges that the company has adopted a 'particularly insidious marketing strategy' involving the use of 'very young micro-influencers who encourage the compulsive purchase of cosmetics among young people, a particularly vulnerable group'. LVMH said that it, Sephora, and Benefit would 'fully cooperate with the authorities' but declined to comment further, reaffirming their strict compliance with applicable Italian regulations.

The US stock market closed on Friday with a significant selloff, sending the Dow into correction territory and marking the fifth consecutive week of declines. The Dow fell 800 points, while the Nasdaq index dropped another 2% and the S&P; 500 closed 1.6% lower.Oil prices continued to rise, with Brent crude surging past $110 a barrel. Despite Donald Trump's announcement of extending a pause on Iranian energy strikes, markets remained on edge. Trump has suggested that oil prices and the stock market will stabilize once the conflict ends, but it's unclear if markets will believe him.Consumer sentiment in the US has also declined, with a 6% drop in March, according to a University of Michigan survey. This decline was observed across all age groups, political parties, and income levels. Inflation expectations rose from 3.4% to 3.8%, the largest one-month increase since last April.The Organization for Economic Cooperation and Development (OECD) revised its global GDP growth projections downward, citing the Iran conflict as a significant source of uncertainty. The report warned of higher global inflation due to the spike in energy prices and noted that the Middle East conflict would disproportionately affect the UK's economy.

North Korean leader Kim Jong Un and Belarusian President Alexander Lukashenko have signed a friendship treaty aimed at deepening ties between their countries. Both leaders are close allies of Russian President Vladimir Putin.The treaty was signed on Thursday during Lukashenko's two-day trip to Pyongyang. He told Kim that relations between their countries were entering a 'fundamentally new stage', according to the Belarusian state news agency Belta.Lukashenko emphasized the need for independent countries to cooperate closely in today's global transformation, where global powers often ignore and violate international law. Kim expressed opposition to undue pressure on Belarus from the West.The North Korean leader gave Lukashenko a lavish welcome, including a white-horsed cavalry, flag-waving children, and a 21-cannon salute. Both nations have backed Russia's war in Ukraine.Kim has reportedly provided Moscow with ammunition and sent soldiers to help Russia expel Ukrainian forces from its western region of Kursk in 2024. Lukashenko allowed Belarus to be used as a launchpad for Russia's invasion in February 2022 and has agreed to allow Russian tactical nuclear missiles on its territory.The Belarusian leader, in power since 1994, is politically and economically dependent on Putin. North Korea and Belarus conduct a small volume of trade but share long experience of surviving under international sanctions. North Korea has been sanctioned due to its nuclear and ballistic missile programs, and Belarus over its human rights record and backing for Putin in Ukraine.

Israeli Defence Minister Israel Katz confirmed that an Israeli air strike killed Alireza Tangsiri, commander of Iran's Islamic Revolutionary Guard Corps (IRGC) navy, on Wednesday night. Katz stated that the assassination targeted other 'senior officers of the naval command'.Katz described Tangsiri as the man 'directly responsible for the terrorist operation of mining and blocking the Strait of Hormuz to shipping'. He added that Tangsiri was 'blown up and eliminated'. Tangsiri was a 'well-known commander' who shaped Iran's naval doctrine and developed drones for military maritime use. He was also involved in overseeing Iran's efforts to assert control over the Strait of Hormuz by blocking some vessels.Since the start of the US-Israel war on Iran on February 28, Israel has announced the assassination of several top Iranian officials. The civilian toll is significant, with at least 1,937 people killed, including 452 women and children, and 24,800 injured, according to Iran's Deputy Health Minister Ali Jafarian.Admiral Brad Cooper, commander of US Central Command, said the assassination of Tangsiri 'makes the region safer'. US forces have destroyed about 92 percent of Iran's large naval vessels in ongoing operations.

The United Nations has adopted a resolution on slavery despite encountering resistance, underscoring the global commitment to eradicating this grave human rights violation. The resolution aims to strengthen international cooperation to prevent, investigate, and prosecute modern forms of slavery.This development comes as a significant step forward in the global fight against slavery, which continues to affect millions of people worldwide. The UN's move demonstrates renewed international resolve to tackle this complex issue through concerted efforts.