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Business Apr 04, 2026

AI Giants Bet on Massive Natural‑Gas Power Plants as Turbine Costs Surge

Tech leaders Microsoft, Google and Meta are racing to secure natural‑gas power plants to fuel AI‑in…
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.
#Microsoft #Google #Meta
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Politics Apr 03, 2026

US-Israeli Attacks on Iran Escalate: 35 Days of Conflict

The United States and Israel have intensified their attacks on Iran, targeting infrastructure in an…
The conflict between Iran, the United States, and Israel has escalated on day 35, with the US and Israel widening their attacks on Iranian infrastructure. The strikes have targeted a century-old medical research centre in Tehran, steel plants, and a bridge near the capital, which Iran claims was civilian infrastructure.The human toll continues to rise, with at least 2,076 people killed and 26,500 wounded in Iran since the start of the US-Israeli attacks. Iran's Foreign Ministry reports that more than 600 schools and education centres have been hit since February 28.Iran's military has vowed to continue the war until its enemies face 'humiliation' and 'surrender', warning the US against a ground invasion. The Iranian Foreign Ministry has stated that it is ready for any type of attack, including a ground attack.In a significant development, US Defense Secretary Pete Hegseth has abruptly fired the US Army's top general and two other senior officers, sparking speculation of a wartime leadership shake-up.The conflict has also drawn in other countries, with Pakistan pushing for US-Iran talks and the United Kingdom holding talks with about 40 countries on reopening the Strait of Hormuz, which carries about 20 percent of the world's oil and LNG. The US has lost 13 service members in combat and two to noncombat causes, with more than 200 injured.In Israel, sirens have become 'part of life', with residents repeatedly heading to shelters, especially in the Tel Aviv area. The conflict has also intensified along the northern front, with Hezbollah carrying out 60 military operations against Israel in 24 hours.
#United States #Israel #Iran
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Politics Apr 03, 2026

US Senators Accuse Ticketmaster of 'Bait and Switch' After Fee Hike

US senators criticize Ticketmaster for raising ticket fees despite a regulatory crackdown on hidden…
US senators have strongly rebuked Ticketmaster for increasing ticket fees following a regulatory crackdown on hidden charges. This move has been described as a 'bait and switch' tactic, leaving consumers with higher costs.The Federal Trade Commission (FTC) had mandated Ticketmaster to disclose all concert ticket fees upfront, known as all-in pricing, starting last May. In response, the company removed the order processing fee charged at the end of a transaction. However, documents obtained by the Guardian reveal that Ticketmaster simply raised other fees to offset the loss, potentially violating the FTC's ban on misleading fees.Senator Richard Blumenthal from Connecticut expressed his concerns, stating, 'Ticketmaster seems to believe it has a get-out-of-jail-free card to ignore antitrust and consumer protection laws. The FTC is going to have to choose whether to protect consumers and enforce the law, or cave to Ticketmaster lobbyists.'The FTC had sued Ticketmaster and its parent company, Live Nation Entertainment, last September for hiding mandatory fees until the end of the transaction. Ticketmaster claims it complies with the FTC's all-in pricing rules.In response to the criticism, Ticketmaster stated, 'Since May 2025, tickets on Ticketmaster.com have displayed the full price upfront in line with the FTC's all-in pricing rule. We also provide explanations of fees during the purchase process and maintain a dedicated page with additional information.'Senator Elizabeth Warren from Massachusetts also criticized Ticketmaster, saying, 'Too many giant monopolies think the law doesn’t apply to them, and it’s American families who are forced to pay the price.'An ongoing federal trial is examining whether Ticketmaster operates an illegal monopoly in the live music industry. The company denies these allegations.
#Ticketmaster #US Senate #Live Nation
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Entertainment Apr 03, 2026

Alan Cumming’s ‘The High Life’ Musical Transforms TV Sitcom into Raucous Pantomime Spectacle

The High Life: The Musical, Still Living It! reimagines the 1994 sitcom as a flamboyant, joke‑laden…
Alan Cumming’s latest theatrical venture – The High Life: The Musical, Still Living It! – bursts onto the stage as a gleeful, pantomime‑style extension of the cult 1994 TV sitcom. Co‑written by series creator Johnny McKnight alongside Alan Cumming and Forbes Masson, the production is deliberately overloaded with jokes, ranging from references to Andrew Mountbatten‑Windsor to a tongue‑in‑cheek nod to Sheena Easton. The show’s panto DNA runs deep. Audiences are addressed directly, invited to sing along, and treated to an underwater neon‑tube dance. The set, a whimsical take on a Brigadoon‑style hotel, features tartan wallpaper designed by Colin Richmond, a life‑size dog, and multiple costume changes that heighten the spectacle. Returning to the stage, Cumming reprises the role of flight attendant Sebastian Flight, while Masson appears as his counterpart Steve McCracken. They are joined by a “legacy cast” that includes Siobhan Redmond as the exacting supervisor Shona Spurtle and Patrick Ryecart delivering a delightfully unhinged performance as Captain Hilary Duff. Supporting them are high‑energy performers Rachael Kendall Brown, Louise McCarthy and Kyle Gardiner, who navigate Masson’s clever, rhyming songs that swing from Broadway flair to Eurovision sparkle. Beyond the slapstick plot – a cartoonish battle over the fictional airline Air Scotia and a detour to the “Lower Largo Triangle” – the musical hints at deeper questions about ageing, national identity and the need for cultural renewal, echoing themes raised in earlier Scottish adaptations. Directed by Andrew Panton, the production is a joint effort between Dundee Rep and the National Theatre of Scotland. It runs at Dundee Rep until 4 April before embarking on a UK tour that concludes on 23 May. In the end, the show is less a philosophical treatise and more a big, joyous laugh‑fest that celebrates the spirit of pantomime.
#Alan Cumming #The High Life Musical #Forbes Masson
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World Economy Apr 03, 2026

UK cost‑of‑living tsar urges Starmer to prolong fuel duty cut amid Iran‑driven oil price surge

Labour’s cost‑of‑living champion, Richard Walker, is pressing Prime Minister Keir Starmer to extend…
Richard Walker, executive chair of the Iceland supermarket chain and Labour’s appointed cost‑of‑living tsar, told BBC Radio 4’s Today programme that the government should extend the 5‑pence fuel duty cut beyond its September expiry to cushion households from soaring petrol prices. The call comes as the Strait of Hormuz—a vital conduit for roughly one‑fifth of the world’s oil—remains blockaded after the United States and Israel launched attacks on Iran at the end of February. The disruption has triggered a sharp rise in global oil prices, intensifying pressure on the UK economy. Under current policy, UK fuel duty is frozen until September, when a review is scheduled. By contrast, Australia recently announced a 14‑pence‑per‑litre cut to its fuel tax, highlighting the disparity with the UK’s modest 5‑pence reduction. Walker emphasized on air: “Given where we are, we need to be thinking about extending or enlarging the existing cut.” He noted that the original 5‑pence reduction was introduced by the Conservative government in March 2022. Chancellor Rachel Reeves had pledged in her November budget to keep the cut in place until August, followed by a gradual increase over five years. Prime Minister Keir Starmer has signalled that the planned September rise will remain “under review” in light of the ongoing conflict. Data from the RAC shows that, since the war began, the average price of a litre of diesel at UK forecourts has jumped 30 % to 185.2 pence, while petrol has risen 16 % to 154.5 pence per litre. Opposition parties are also weighing in: the Conservatives propose scrapping VAT on energy bills for several years, Reform UK calls for a VAT cut on fuel, and the Liberal Democrats advocate a 10‑pence fuel duty reduction.
#fuel #cut #duty
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News Apr 03, 2026

US Homeland Security Shutdown Persists Despite Senate Funding Approval

A partial US government shutdown affecting the Department of Homeland Security (DHS) will continue …
The US government shutdown affecting the Department of Homeland Security (DHS) will persist, despite the Senate passing a funding bill. The partial shutdown, which began on February 14, will continue until at least Monday, when the House of Representatives reconvenes.The stalemate centers on whether DHS should reform its immigration procedures, following criticism of President Donald Trump’s mass deportation push. Democrats have refused to pass funding to Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP) without reforms to their practices.The shutdown has had several knock-on effects, including airport delays and unpaid workers. DHS, which oversees the Transportation Security Administration (TSA), has seen its airport security agents go without pay for six weeks. With agents calling out sick or leaving their jobs, US airports have reported long lines and widespread travel delays.President Trump has endorsed a plan to fully fund DHS, which involves a two-track approach: passing a bill to fund the department, except for ICE and CBP, and then funding ICE and CBP through separate spending legislation. Trump has also vowed to pay 'all' DHS employees, although details on how this will be achieved are unclear.The shutdown has been politically unpopular, with unions and transportation safety groups criticizing the strain it has placed on workers and airport security. Democrats have sought to leverage the funding bill to press for changes to Trump’s immigration policy, while Republicans have accused them of putting Americans' livelihoods in jeopardy for political gains.
#funding #bill #trump
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Politics Apr 02, 2026

Iran's Former Foreign Minister Kamal Kharazi 'Gravely Wounded' in Assassination Attempt

Former Iranian foreign minister Kamal Kharazi has been seriously wounded in an apparent assassinati…
Former Iranian foreign minister Kamal Kharazi has been seriously wounded in an apparent assassination attempt that killed his wife, as US-Israeli strikes continue to pound Iran for a fifth week.Iranian media on Thursday reported that Kharazi's home in Tehran was targeted the previous day in an air strike. The official was hospitalised with serious injuries, according to newspapers Shargh, Etemad and Ham Mihan.“We have seen what looks like an assassination attempt against the former foreign minister, Kamal Kharazi … We don’t know why he’s been targeted. He has been gravely wounded, and his wife was killed,” said Al Jazeera’s Mohamed Vall, reporting from Tehran.Air strikes were reported on Thursday across Iran, including in Tehran, Isfahan and Shiraz. Four people were reported killed in Larestan, in southern Iran.Meanwhile, the spokesperson of the armed forces’ unified command said Tehran will press on with the Middle East war until the US and Israel face “permanent regret and surrender”, the semiofficial Tasnim news agency reported.Ebrahim Zolfaghari, spokesperson of the Khatam al-Anbiya central headquarters, said US and Israeli assessments of Iran’s military capabilities were “incomplete” and that Tehran would step up its military actions, with “more crushing, broader and more destructive” attacks in store for its adversaries.The threat followed comments by US President Donald Trump that Washington would hit Iran “extremely hard” within weeks, although Iran was “essentially decimated” and the US was on track to achieve its military objectives.More than 1,340 people have been killed in Iran since the US and Israel launched joint air strikes on February 28. At least 24 people have been killed in Israel, as well as 13 US soldiers in the region.
#Kamal Kharazi #Iran #United States
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Politics Apr 02, 2026

Iranian Mourners Defy US Threats at IRGC Commander’s Funeral on 47th Republic Anniversary

Thousands gathered in Tehran to mourn IRGC naval commander Alireza Tangsiri, killed in an Israeli s…
Thousands of Iranians assembled in Tehran for the funeral of senior IRGC naval commander Alireza Tangsiri, who was killed in an Israeli strike, vowing steadfast resistance even as the United States issued stark warnings.The ceremony took place on the 47th anniversary of the Islamic Republic, a milestone that marks the 1979 revolution that ended the centuries‑old monarchy.This year’s commemoration carries added weight as the capital endures relentless U.S.-Israeli bombardments that began on February 28."This war has lasted a month. No matter how long it takes, we will keep fighting," declared Moussa Nowruzi, a 57‑year‑old pensioner, adding, "We will resist until the end."Among the mourners, a young boy brandished a sign reading "Revenge", while massive Iranian flags fluttered as crowds filled Enghelab Square, the heart of the city named after the revolution.Chants of "God is greatest, Khamenei is the supreme leader" echoed through the square, and a man was seen sobbing in the arms of a woman dressed in black.Participants also honored relatives lost in the conflict, their faces displayed on placards, as Tangsiri’s coffin was carried slowly through the gathering.Tangsiri, one of the IRGC’s longest‑serving senior officers, was credited with orchestrating the closure of the Strait of Hormuz to vessels aligned with the United States and Israel during the ongoing war.Later that day, U.S. President Donald Trump addressed the nation on television, reiterating that the war was inevitable and that America intended to "finish the job" in Iran.Trump previously claimed that Iran’s president had sought a truce—a statement Tehran denied—and warned that bombardments would continue until the Hormuz waterway was "open, free, and clear."Funeral attendees dismissed the president’s threats. "We have heard Trump say things that even the American public finds confusing," said Homa Vosoogh, 36, adding, "His statements do not affect us."Government employee Mohammad Saleh Momeni echoed the sentiment, asserting that Trump "cannot translate his words into action" and reaffirming their loyalty to Iran’s leadership.While the United States and Israel initially framed their campaign as a push for regime change, Trump’s stance has since wavered.According to the report, air strikes have claimed the life of Supreme Leader Ayatollah Ali Khamenei, who led Iran for 36 years, yet the governing structure remains functional, retaining its missile and drone capabilities.Portraits of the late leader and his son Mojtaba Khamenei, who has yet to appear publicly, dominate public spaces throughout Tehran."They believe killing our commanders will weaken us, but it will not," Momeni asserted, describing the adversaries’ misconceptions.Despite a wave of anti‑government protests that peaked in January, a segment of the population continues to harbor hopes for political reform.
#Iranian Revolutionary Guard Corps #Alireza Tangsiri #Donald Trump
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Sports Apr 02, 2026

OL Lyonnes Triumph Over Wolfsburg, Set Up Women's Champions League Semi-Final Against Arsenal

OL Lyonnes secured a 4-1 aggregate victory over Wolfsburg, setting up a Women's Champions League se…
French giants OL Lyonnes have booked their place in the Women's Champions League semi-finals, where they will face Arsenal. This comes after a convincing 4-0 win over Wolfsburg in extra time, securing a 4-1 aggregate victory. The result ensures a repeat of last season's semi-final, which Arsenal won 5-3 on aggregate. OL Lyonnes, the record eight-time European champions, will enter the match with confidence after their impressive display against Wolfsburg. Despite Wolfsburg holding a 1-0 lead from the first leg, OL Lyonnes fought back with Lily Yohannes's early deflected strike drawing the teams level. The French side dominated the game, forcing 19 corners, but had to wait until the 102nd minute for Melchie Dumornay to score the decisive goal. Damaris Egurrola's header and Tabitha Chawinga's late finish further solidified OL Lyonnes's control over the game, reflecting the 4-0 victory on the night. In another match, Barcelona thrashed Real Madrid 12-2 on aggregate, showcasing their strong form ahead of the semi-finals. They will face Bayern Munich, who eliminated Manchester United, in the next round. The first legs of the semi-finals are scheduled between April 24 and 26, with the second legs taking place between May 1 and 3. The final will be held in Oslo on May 23.
#arsenal #wolfsburg #barcelona
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