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Fuel crisis hits remote Pacific island nation of Tuvalu

As a climate activist, Richard Gokrun has long worried his island home of Tuvalu would disappear as sea levels rise. Over the past six weeks, as war in the Middle East has choked up the strategic Strait of Hormuz,...

Trump uninjured and other top officials were evacuated after a shooter opened fire at White House correspondents dinner | Fortune

President Donald Trump was uninjured and other top leaders of the United States were evacuated from an annual dinner of White House correspondents on Saturday night after an unspecified threat. There did not immediately appear to be any injuries, and one...

From maritime trench warfare to a ‘sloppy peace’: Here’s how the Strait of Hormuz standoff could play out, according to Goldman Sachs | Fortune

Unless Iran’s regime collapses, the Strait of Hormuz will never be open like it was before the war, according to Jared Cohen, co-head of the Goldman Sachs Global Institute and the bank’s president of global affairs.Since the U.S....

Russia’s economy minister admits ‘reserves have largely been used up’ while communist lawmaker warns of 1917-style revolution as GDP shrinks | Fortune

The Kremlin offered more indications that it’s acknowledging Russia’s economy is in trouble after years of relying on military spending for growth.Last week, Economy Development Minister Maxim Reshetnikov told a business conference that the economy “is not easy” and...

Trump sends Witkoff and Kushner to Pakistan to salvage ceasefire talks with Iran, which will engage in mediation efforts ‘until a result is achieved’...

U.S. envoys are expected to travel to Pakistan on Saturday in a new bid to salvage ceasefire talks with Tehran, even as Iran’s top diplomat arrived in Islamabad and ruled out direct negotiations with U.S. representatives.The latest effort to broker a...

Utility giant Duke Energy plans to spend industry record $103 billion on growth as data centers and affordability take center stage | Fortune

Utility giant Duke Energy may not be a household name, but it sits at the epicenter of the AI data center boom and affordability debate as it plans to spend an industry record of $103 billion for growth over...

Banks brace for tax raid if Starmer is ousted

Stay informed with free updatesSimply sign up to the UK banks myFT Digest -- delivered directly to your inbox.Banks in the UK are bracing for tax rises, amid increased expectations that Sir Keir Starmer could soon be replaced by...

What the AI ‘jobpocalypse’ narrative misses

Whether or not new technologies can perform a task is only a tiny part of the picture Source link

Even as businesses spend $4 million to cross Panama Canal, they say ‘it’s safer and less expensive’ than the Strait of Hormuz | Fortune

Businesses have doled out as much as $4 million for last-minute plans to move boats through the Panama Canal in recent weeks, the Panama Canal Authority says, as Iran war’s effective closure of the Strait of Hormuz generates a seismic shift in global...

Ricky Sandler shuttering Eminence Capital after 27-year run | Fortune

Hedge fund veteran Ricky Sandler is shuttering Eminence Capital and returning cash to investors after a 27-year run. “Over the last few years, it has become increasingly difficult to apply our rigorous bottom-up investment process to rapidly shifting market conditions...
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Trump cancels US envoys’ trip to Pakistan for talks on Iran war

Iran had earlier said there were no plans for a direct meeting with a US delegation led by Steve...
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