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AI‑Driven Power Race The AI boom is prompting the biggest wave of power‑infrastructure investment since the early days of cloud computing. Companies are scrambling to lock in natural‑gas supplies and build on‑site generators, a move that could reshape electricity markets in the southern United States. Scale of the Projects Microsoft is partnering with Chevron and Engine No. 1 to construct a natural‑gas plant in West Texas that could reach 5 GW of capacity. Google has confirmed a collaboration with Crusoe for a 933 MW plant in North Texas. Meta is adding seven more plants to its Hyperion data‑center complex in Louisiana, bringing total on‑site capacity to 7.46 GW—enough, the company notes, to power the entire state of South Dakota. Combined, these projects exceed 13 GW, roughly equivalent to the average electricity demand of a mid‑size U.S. state. Supply Constraints and Cost Pressures Wood Mackenzie warns that turbine prices have surged 195% versus 2019 levels. If a 2020 turbine cost $1 million, the same unit now costs about $2.95 million, inflating the equipment share of a plant’s budget from 20% to up to 30%. The consultancy also notes a six‑year lead time for turbine delivery, meaning new orders cannot be placed until 2028. This bottleneck could delay the rollout of additional capacity precisely when AI workloads are accelerating. Resource Availability and Market Risks The U.S. Geological Survey estimates that a single gas‑rich region holds enough supply to power the entire United States for 10 months. While abundant, production growth in the three leading shale basins—responsible for three‑quarters of U.S. output—has slowed, tightening the long‑term outlook. Natural gas accounts for about 40% of U.S. electricity generation (EIA). Consequently, any spike in gas prices reverberates through wholesale electricity markets, raising the cost of power for all consumers, not just data‑center operators. Strategic Risks for Tech Companies Behind‑the‑meter gas plants allow firms to claim “self‑supply,” but they merely shift demand from the public grid to the gas grid, potentially driving up wholesale gas prices. Industrial users—petrochemical plants, fertilizer manufacturers—cannot easily substitute gas with renewables, so they may push back against large‑scale data‑center consumption. Extreme weather, such as the 2021 Texas freeze, can curtail wellhead output, forcing a choice between keeping AI workloads online or supplying heat to households. In sum, the AI‑driven rush for natural‑gas power plants highlights a fundamental physical constraint: the digital economy still depends on finite, market‑sensitive energy resources. Betting heavily on a commodity that can swing dramatically in price may prove costly if AI growth plateaus or if gas supply tightens.

A Malta‑flagged container ship named Kribi, owned by French shipping giant CMA CGM, successfully navigated the Strait of Hormuz on April 2. This marks the first time a Western‑registered vessel has traversed the strategic waterway since Iran began restricting traffic following the US‑Israeli war that started on February 28.According to vessel‑tracking data from Marine Traffic, the Kribi is the first French‑owned ship to make the passage in the current conflict. The ship, sailing south along Oman’s coast, altered its declared destination to “Owner France” in LSEG shipping data, a move interpreted as a signal to Iranian authorities about its national affiliation before entering Iran’s territorial waters.The vessel was originally bound for Pointe‑Noire, Republic of the Congo, but the change in routing facilitated the safe crossing. No immediate comment was received from CMA CGM regarding the maneuver.Since March 1, only about 150 vessels—including tankers and container ships—have transited the strait, according to Lloyd’s List Intelligence. The majority were linked to Iran and to regional partners such as China, India and Pakistan. Beijing publicly expressed gratitude after three Chinese ships, including two Cosco‑owned container vessels, passed through the waterway earlier in the week.The strait historically carries roughly one‑fifth of global oil and liquefied natural gas shipments. Its effective blockage has contributed to a sharp rise in worldwide fuel prices, intensifying the ongoing energy crisis.U.S. President Donald Trump asserted that gasoline prices would drop quickly once hostilities end, but offered no concrete plan to reopen the passage, instead urging skeptical allies to take action themselves. French President Emmanuel Macron cautioned that a military operation to force open the strait would be unrealistic, emphasizing that only diplomatic efforts could restore free navigation.Macron is coordinating with European and other partners to form a coalition that would guarantee safe passage after the conflict subsides. In a commentary for *Foreign Affairs*, former Iranian foreign minister Mohammad Javad Zarif suggested Tehran could negotiate a deal with the United States—curbing its nuclear program in exchange for sanctions relief and the reopening of the strait—thereby ending the war and preventing future confrontations.

Les Kiss is set to take over the Wallabies in July, inheriting a side desperate to climb back to the top of world rugby. He faces a tight schedule – 14 months and 19 Tests – before the 2027 Rugby World Cup that Australia will host. Describing his mandate, Kiss stresses that he is not aiming for a radical overhaul. "It's not a revolution, it's evolution," he told the Guardian. "Core values like discipline, accountability and strategic planning stay firmly in place." What makes Kiss an outlier is his background: a former rugby league international who never played union at senior level. He says this forced him to "earn his stripes" in the union code, learning that culture and standards in the locker room drive performance on the field. His personal story is rooted in a family that escaped the Hungarian Revolution and settled in Bundaberg, and a playing career that saw him sprint down the wing before a knee injury sidelined him for four years. Those experiences, he believes, forged the resilience he now brings to coaching. After a stint in marketing and junior coaching, Kiss transitioned to union coaching, first as a defence coach for the Springboks (2001‑02), then as an assistant with Ireland (2009‑15), director of Ulster Rugby, and finally a three‑year spell with London Irish in the Premiership. Returning to Australia in 2024 to lead the Queensland Reds, he guided the franchise to its most prolific try‑scoring season in three decades, back‑to‑back quarter‑final appearances and record crowd numbers. The Reds sit 4‑2 in the 2026 Super Rugby Pacific season and are eyeing a top‑four finish. Kiss’s coaching philosophy centres on connection. "Coaching is about rapport and building something strong together," he says, adding that he is fully invested and treats every team like family. His transition to the Wallabies will be smoothed by a close partnership with current head coach Joe Schmidt. The two have shared roughly 40 Tests, developing a strong rapport that Kiss believes will help him "understand the breakdown" and set the right structures for success. The emerging "Kiss army" already includes former All Blacks staffer Scott McLeod as defence coach, analyst Eoin Toolan, set‑piece specialist Tom Donnelly, scrum guru Mike Cron, and consultant Laurie Fisher. Skills coach Mick Byrne and U20s boss Chris Whitaker also remain on board. While his new responsibilities grow, Kiss assures fans he remains 100% committed to the Reds, vowing not to let the franchise down despite his expanding duties. On the player front, Kiss highlights a blend of seasoned talent and fresh faces that could power Australia’s World Cup campaign. The likes of Mark Nawaqanitawase, Max Jorgensen, former winger Dylan Pietsch, and NRL convert Zac Lomax are poised to add dynamism, while 18‑year‑old prodigy Treyvan Pritachard offers a glimpse of the future. Ultimately, Kiss believes the Wallabies embody a uniquely Australian style – inventive, physical, and expressive – forged in backyard games and a culture of resilience. "The Australian way isn’t formulaic; it’s about solving problems on the field in our own special way," he concludes.

Several ships have successfully navigated the Strait of Hormuz, a vital waterway that has been effectively closed since the start of the war in Iran. The development comes as shipping companies and international leaders work to ensure the passage of critical cargo, including oil and gas supplies that account for about a fifth of the world’s total. A French container ship owned by CMA CGM, the CMA CGM Kribi, which sails under the flag of Malta, is reported to have passed through the strait with cargo. This marks a significant development as it is believed to be the first ship owned by a western shipping line to make the journey. The blockade has led to increased oil and gas prices globally and growing concerns about food security, as a third of the global trade in raw materials for fertiliser normally passes through the strait. International leaders are expected to meet next week to discuss possible solutions, including clearing sea mines and rescuing trapped ships. The UK’s Foreign Secretary, Yvette Cooper, has stated that coordinated action is needed to pressure Iran into reopening the strait. The US President, Donald Trump, has claimed that the US could “easily” open up the strait but that it would require “a little more time”.

Jaume Guardeno, a 23‑year‑old rider for the Spanish Caja Rural‑RGA squad, was airlifted to Hospital Taulí in Sabadell on Tuesday after a training accident that ended in a collision with a car.The team confirmed that Guardeno suffered a serious head injury when his bike hit a stone, causing him to lose control and strike the vehicle. He was immediately transferred by helicopter to the intensive‑care unit, where he remains under close observation.Guardeno had just completed the Tour of Catalonia, finishing 29th, and previously placed 14th in last year’s Vuelta a España, marking him as a promising talent in Spanish road cycling.“We want to express all our support and strength to Jaume and his family during this time, wishing him a speedy and full recovery,” the Caja Rural‑RGA team statement read.In related cycling news, former Olympic champion Richard Carapaz announced that he has undergone surgery for a perineal condition ahead of the upcoming Giro d'Italia. The 32‑year‑old Ecuadorian, who won the Giro in 2019 and secured podium finishes in 2022 and 2023, said the procedure was handled "in the best possible way" and that he is now focused on recovery.Carapaz, a gold‑medalist from the Tokyo Olympics, missed the Tour de France and Vuelta a España last season due to illness. He aims to return to peak form in time to contest a fourth Giro podium.

In Zimbabwe, a proposed constitutional amendment has sparked widespread debate and concern among citizens. The amendment, known as CAB3, aims to extend President Emmerson Mnangagwa's term from 2028 to 2030, changing presidential and legislative terms from five to seven years.Critics argue that this move will consolidate power in the hands of Mnangagwa's ruling ZANU-PF party, making it increasingly difficult for opposition leaders to assume power. Currently, the president is elected through a popular vote, but the proposed changes would allow parliament to elect the president, potentially paving the way for a dynastic succession.Public hearings on the bill have been marred by chaos and allegations of bias, with many citizens expressing concerns about the rushed and limited consultation process. Opponents of the bill, including former finance minister Tendai Biti and opposition leaders, have been arrested and intimidated.Supporters of the bill, however, argue that it will enhance political stability and allow Mnangagwa to complete his development projects. But critics counter that term limits are essential to preventing authoritarianism and ensuring peaceful transfers of power.As the bill moves forward, Zimbabweans are worried about the future of their democracy and the potential for further repression. The country's economy is in shambles, and many believe that Mnangagwa's extended term will only exacerbate the situation.

It's been 12 months since Donald Trump's 'liberation day' on April 2, 2025, when the US president introduced tariffs on nearly every country the US did business with. The move sent shockwaves through the global economy, causing chaos in Washington and beyond. Experts say that if Trump had spent the last 14 months on the golf course instead of in the White House, the US economy would be in a better place. The wholesale slashing of government jobs and defunding of US aid agencies had already signaled that Trump was in a hurry to upset institutions he considered profligate or useless. Investors quickly understood that chaos was an essential tool in Trump's armoury. Almost as soon as he was inaugurated, there was a steady decline in the value of the dollar against other currencies. Investors sold assets denominated in dollars and bought assets elsewhere: Europe, Asia, South America. Dario Perkins, the head of global research at the consultancy TS Lombard, said: 'If you think that discouraging investors from buying assets in the US is a victory, then you don’t believe in a growing economy.' He added that Trump's policies had led to a decline in US manufacturing jobs and a growing trade deficit. The data supports Perkins' claims. US companies stopped hiring almost as soon as liberation day was announced. Significant revisions in February to data covering 2025 pushed payroll employment down by 403,000 jobs, resulting in the addition of just 181,000 jobs last year. This small boost is set against the 163 million people who are employed in the US. Russ Mould, the investment director of the British stockbroker AJ Bell, said: 'America is still home to the world’s largest economy and its reserve currency, as well as the globe’s largest equity and bond markets, but investors continue to reassess their exposure one year on from liberation day.' The next few months of steadily increasing confidence levels followed probably the calmest period in the second Trump presidency. But sentiment began to fall again in the autumn as the White House battled with Congress over the federal budget deficit and much of the public sector was shut down. A poll by the University of Michigan showed consumer confidence at a near record low at the end of 2025. A six-month moving average produced by the Conference Board showed every generation, from baby boomers to gen Xers, had lost confidence in the economy over the past year. Trump’s liberation day executive order stated: 'The decline of US manufacturing capacity threatens the US economy in other ways, including through the loss of manufacturing jobs.' However, the US manufacturing sector shed 100,000 jobs between January 2025 and March 2026. The ratio of manufacturing workers to total nonfarm employment fell to the lowest point since 1939. Bryan Riley, the director of the National Taxpayers Union Foundation’s free trade initiative, said: 'One year after liberation day, the evidence is in. Tariffs failed even by the Trump administration’s own terms. They did not shrink the trade deficit, did not revitalise manufacturing and did not help farmers. It would be a mistake to replace one set of failed tariffs with another.' Some major US companies have redirected their investments to Europe, but China has proved to be one of the main beneficiaries. In the year to February 2026, China’s industrial profits increased by 15.2%. It's a boom that Beijing will struggle to repeat should Chinese companies face fuel and energy shortages and price hikes. But the decline of two major powers can only be to China’s gain.

Thames Water is reportedly close to securing a pact with England and Wales’ water regulator, Ofwat, that would prevent the imposition of fresh fines for the next four years, contingent on a substantial commitment to upgrade its infrastructure.The proposal, first tabled in June 2025, originates from the utility’s creditors, who are keen to avoid a scenario where the struggling company is temporarily renationalised. These lenders had already injected £3 bn of emergency financing last year to keep the business afloat.Having amassed a £17.6 bn debt burden since privatisation, Thames Water has been battling potential insolvency for over two years. A previous attempt to sell the firm collapsed when the preferred bidder, KKR, pulled out at the last minute.Under the contemplated agreement, Ofwat would accept “undertakings” from Thames Water, meaning the company would focus on rectifying the underlying service failures rather than paying penalties to the government. However, the deal would not shield the utility from possible sanctions by the Environment Agency or from ongoing legal actions.Pressure is mounting as Thames Water is projected to run out of cash in October, intensifying the urgency of reaching a resolution. Any settlement must undergo a three‑month public consultation, a process likely to attract criticism given that customer water bills are set to rise by more than a third by 2030, before accounting for inflation.Creditors have pledged that all outstanding fines will be settled and that regulators will gain greater transparency and accountability over the company’s efforts to curb pollution, leakage, and other performance targets introduced a year ago.Thames Water itself emphasised a “market‑led solution” that delivers swift improvements for both customers and the environment while progressing its operational and financial turnaround plan. The utility highlighted that it has launched its largest upgrade in 150 years, allocating a record £1.26 bn in capital investment—a 22% year‑on‑year increase in the first half of the 2025‑26 financial year—focused on fixing leaks, reducing pollution, and enhancing water quality.An Ofwat spokesperson noted that the regulator is carefully reviewing the creditors’ plans to ensure they produce a genuine turnaround in performance and bolster the company’s financial resilience for the benefit of both customers and the environment.

US President Donald Trump has claimed responsibility for the destruction of Iran's largest bridge, a 136-meter-high suspension bridge connecting Tehran and Karaj. The bridge, valued at $400 million, was struck twice, resulting in eight fatalities and 95 injuries, according to Iranian state media.Trump shared footage of the bridge's collapse on his Truth Social website, boasting that it would 'never be used again.' He also issued a stark warning, stating that there would be 'much more to follow' if a settlement is not reached with Iran.The attack on the bridge is part of a series of confirmed strikes in Iran this week. A day earlier, Trump had threatened to destroy Iran's power plants, potentially leaving millions without electricity. 'We are going to hit each and every one of their electric generating plants very hard and probably simultaneously,' he said during a primetime speech.The conflict between the US and Iran has resulted in significant damage and human suffering. Iran has suffered over 15,000 bombing raids since the start of the war, with at least 1,900 people killed and 20,000 injured, according to the International Red Cross and Red Crescent Societies. Oil prices have surged by 7% to $108 per barrel amid concerns of a wider conflict.UN Secretary General António Guterres has warned that the world is 'on the edge of a wider war' with catastrophic global implications, calling for an immediate end to the fighting.