Shell oil trading profits soar amid Iran war but Qatar strikes hit gas output

Shell is expected to report “significantly higher” profits from its commodity trading desks in the first quarter of this year after weeks of market volatility triggered by the Iran crisis.The surge in energy commodity markets over recent weeks is expected to drive up trading results at Shell’s chemicals and products unit, which includes its main oil trading desk.Shell’s trading windfall is expected to be particularly high in its renewable energy division. Earnings are expected to soar to between $200m (£149m) and $700m in the first quarter, from about $100m in the final quarter of last year, it predicted in a trading update on Wednesday.Europe’s biggest oil and gas producer also expects lower gas production for the first quarter, compared with the final quarter last year, because of the impact of the Middle East conflict on its assets in Qatar

Ex-Waitrose worker needs our support | Brief letters

Perhaps the boss of Waitrose should leave his ivory tower and spend an extended period on the shop floor to experience the life of a shop worker and see the shoplifting epidemic that is happening day in and day out. He may then reach boiling point one day and react out of character. Perhaps a “Don’t-shop Wednesday” at Waitrose, in support of Walker Smith (Waitrose employee sacked after stopping shoplifter from taking Easter eggs, 5 April), might have some effect and reach top executives.Roy WilsonHarrow, London The heartwarming column on how Beau the labrador saved his master’s life after he suffered cardiac arrest on a beach (The pet I’ll never forget, 6 April) reminded me of when we got our new collie. Arriving home, my husband went on ahead to open the house door and didn’t see that I had tripped and landed face down on our lane

An AI company with an arsenal of spacecraft: what exactly is SpaceX?

Hello, and welcome to TechScape. I’m your host, Blake Montgomery, US tech editor at the Guardian, writing to you as I listen to George Handel’s Messiah for Easter.SpaceX filed confidentially for an initial public offering on the US stock market last week at a reportedly astronomical valuation. My colleague Nick Robins-Early reports:Elon Musk’s company, which has become a dominant power in both space travel and satellite communications, could seek a valuation upwards of $1.75tn

Porn, dog poo and social media snaps: the ‘taskers’ scraping the internet for Meta-owned AI firm

Tens of thousands of people have been paid by a company part-owned by Meta to train AI by combing Instagram accounts, harvesting copyrighted work and transcribing pornographic soundtracks, the Guardian can reveal.Scale AI, 49%-controlled by Mark Zuckerberg’s social media empire, has recruited experts across fields such as medicine, physics and economics – putatively to refine top-level artificial intelligence systems through a platform called Outlier. “Become the expert that AI learns from,” it says on its site, advertising flexible work for people with strong credentials.However, workers for the platform said they have become involved in scraping an array of other people’s personal data – in what they described as a morally uncomfortable exercise that diverged significantly from refining high-level systems.Outlier is managed by Scale AI, which has contracts with the Pentagon and US defense companies

Rory McIlroy returns to scene of Masters glory with ‘big weight off my shoulders’

On the Tuesday of last year’s Masters, Rory McIlroy dined with Justin Rose in the clubhouse at Augusta. He arrived right around the time that all the guests at Scottie Scheffler’s champions dinner were having cocktails on the balcony. “I was pulling up Magnolia Lane,” McIlroy says. “And I’m like, well, do I go and park way over at the parking lot? Because I’m not going to park in the champions parking lot.’”Not when there’s Jack Nicklaus, Tiger Woods and everyone else looking down

Jon Rahm adamant he will play for Europe at next year’s Ryder Cup

Jon Rahm has declared he will play for Europe in next year’s Ryder Cup, with the Spaniard confident of ending his standoff with the DP World Tour by this September. Rahm’s sentiment from Augusta National will raise Luke Donald’s confidence that he will be able to call on one of his key team members for Europe’s Ryder Cup defence.Rahm has been subject to fines reaching seven figures for participating on the LIV Tour without consent from the DP World Tour, of which he is still a member. Rahm dropped his appeal over the sanctions recently, which leaves him in default to the DP World Tour and unavailable for Ryder Cup selection. He also turned down a deal which would have seen the situation resolved in return for playing six designated DP World Tour events