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Britain is already absorbing the economic cost of the Iran war as oil approaches $100, gilt yields rise and debt interest costs increase. If crude climbs towards $140, the pressure on inflation, interest rates and the Chancellor’s Budget could intensify sharply.
Venezuela
After US forces removed Nicolás Maduro, Venezuela rewrote its oil law and granted a Pentagon-linked venture century-long rights over 65 billion barrels. The agreement could revive production but will it rebuild Venezuela or extract…
Artificial intelligence is beginning to search for discoveries, conduct experiments and improve research systems. From Weco AI and Google DeepMind to Chinese science programmes,…
Defence
Britain has exploited its command of the English Channel to tighten the pressure on Russia’s shadow fleet. Now Moscow is turning the map around. The Pacific Fleet has identified European-owned merchant ships passing close…
Artificial intelligence is entering a new phase. The world’s leading laboratories are no longer focused only on building better chatbots. They are increasingly trying…
Iran
A Ukrainian drone has killed an Iranian sailor in the Caspian, Russia has paralysed Ukraine’s Black Sea corridor, and the Iran war is consuming missiles and fuel needed in Europe. The conflicts remain separate…