US stock markets close on high after Iran war drove oil prices above $100 a barrel

US stock markets closed on a high after oil prices swung wildly on Monday, reaching a four-year high in the morning that rattled Asian and European markets before settling down once Donald Trump said the US-Israel war with Iran is “very complete”.After surging past $100 a barrel on Monday morning, oil prices came down to $85 a barrel by the time that US stock markets closed in the afternoon. US stocks leaped at a report from a CBS News reporter that Trump thinks “the war is very complete, pretty much” because “they have no navy, no communications, they’ve got no air force”.The Dow closed at a 230-point jump, while the S&P and Nasdaq closed at 0.83% and 1

We may not be running out of gas but we still need a serious strategic gas reserve | Nils Pratley

Alarmed that Great Britain has only enough gas in storage to cover two days of consumption? Actually, Michael Shanks, the energy minister, is right that the bald statistic is not a reason to run for the hills. But he would help his case if he admitted that the long era of running a “just-in-time” approach to gas supplies looks increasingly unworkable.Shanks is obviously correct that Great Britain does not source its supplies from storage. About 75% of our gas comes from the North Sea – from domestic fields and via the 725-mile underwater Langeled pipeline from Norway – and neither source is affected by the war in Iran.As for imported liquefied natural gas (LNG), typically about 18% of supplies today, the market is disrupted now that Qatar, about a fifth of the global market, is not producing

From press release … to scrap metal site: the Essex ‘supercomputer’ that’s still a scaffolding yard

The press releases announcing a gleaming supercomputer on the outskirts of north London depict a glass and concrete building, rising from a tree-lined street. Accompanied by images of glowing blue robot faces, it looks like the centre of a technological revolution.By the end of this year, that artist’s impression is supposed to be a reality.But when the Guardian visited last month, there was no sign of it. Instead, the four-acre plot in Loughton was a depot stacked with pylons and scrap metal under a corrugated roof, while flatbed lorries drove in and out stacked with poles

Revealed: UK’s multibillion AI drive is built on ‘phantom investments’

Exclusive: Rented datacentres and ‘supercomputer’ site that’s still a scaffolding yard raise questions for Starmer’s push to ‘mainline AI into veins of economy’From press release … to scrap metal site: the Essex supercomputer that’s still a scaffolding yardA multibillion-pound drive to “mainline AI into the veins” of the British economy is riddled with “phantom investments” and shaky accounting, a Guardian investigation has found.Since 2024, successive Conservative and Labour governments have proclaimed massive deals to build new datacentres, create thousands of jobs and construct a supercomputer.The investments – led by two firms linked to AI giant Nvidia - have been touted as a cornerstone of the government’s promise to use tech to turbocharge the economy.On Monday, former UK deputy prime minister Sir Nick Clegg and former Meta chief operating officer Sheryl Sandberg were announced as new board members at one of the firms, NScale. Nscale also said it had raised a $2bn funding round, sending its valuation soaring to $14

Dolphins take $99m hit on Tagovailoa and sign Willis; Tampa’s star WR Evans heads to 49ers

The Miami Dolphins are moving on from Tua Tagovailoa, the quarterback they drafted with the fifth overall pick in 2020 in hopes of turning the franchise’s fortunes around.“As we move forward, we will be focused on infusing competition across the roster and establishing a strong foundation for this team as we work towards building a sustained winner,” Dolphins general manager Jon-Eric Sullivan said in a statement on Monday.The move will cost the Dolphins an NFL record $99m in dead money against the salary cap. ESPN reported that the move will be designated after 1 June, meaning the Dolphins will spread the hit to their salary cap across two years ($67.4m in 2026, $31

‘Revolutionary’: Ukrainian para-biathlete wins silver using ChatGPT as his coach

Team Ukraine have hit the ground running at the Winter Paralympics, standing second in the medal table after three days of competition. Their resolve and determination has been inspirational to many, but one athlete has revealed a secret weapon in their search for a competitive edge.Maksym Murashkovskyi, who won ­silver in the men’s visually impaired biathlon on Sunday and did not miss a shot, has been ­working with ­OpenAI’s large language model. “For the past six months, I have been training with ChatGPT,” he said. “It was not only ­tactics