Business
Beyond the strait: why attacks on Kargh Island could keep oil prices high
Posted on Sunday March 15, 2026
Oil could pass 2008 record of $147.50 a barrel as damage and field closures risk compounding supply shock caused by Iran warAbout 20 miles off the coast of Iran lies the source of the petrostate’s economic lifeblood and the latest target of US military aggression: an 8 sq mile coral island through which nine in every 10 barrels of Iranian crude passes each day.The US president’s decision to launch a weekend attack on Kharg Island, the home of Iran’s processing hub and the heart of its economy, is an unsurprising counterstrike to the Iranian regime’s ongoing chokehold on the oil market’s trade artery. Continue reading...
One of Britain’s last major chemical plants at risk as energy prices surge
Posted on Sunday March 15, 2026
If costs stay high for the next three months, US owner Peter Huntsman says he will close the site on TeessideThe American owner of one of Britain’s last major chemicals plants has said he will close the site if energy prices remain at their current levels for the next three months.Peter Huntsman, whose family built Huntsman Corporation into a global chemicals empire, said the recent jump in gas prices fuelled by the Iran conflict was “another nail in the coffin” for European heavy industry. Continue reading...
Relief for some of Britain’s poorest lands at right moment to cushion Iran aftershocks | Heather Stewart
Posted on Sunday March 15, 2026
Timely end of two-child limit plus a healthy uptick in universal credit signals ‘life-changing’ boost to Britons most exposed to TrumpflationIt doesn’t involve warships, drones or strategic oil stocks, but one of Labour’s most potent weapons for containing the economic aftershocks from the Iran war for the UK is about to be unleashed: the scrapping of the two-child limit.If the cost of essential goods spikes as a result of high oil prices it is the poorest households who will be the most exposed. Continue reading...
Opinion
Technology
Meta and Google trial: are infinite scroll and autoplay creating addicts?
Posted on Saturday March 14, 2026
Features woven into the fabric of platforms have been central to landmark social media harm case in US. How do they work?It was as “easy as ABC”, claimed the lawyer prosecuting a landmark social media harm case against Meta and Google which heard closing arguments this week. The defendants were guilty, said Mark Lanier, of “addicting the brains of children”. Not true, replied the tech companies. Meta insisted providing young people with a “safer, healthier experience has always been core to our work”.Features such as autoplay videos, infinite scrolling and constantly chirruping alerts woven into the fabric of online platforms were central to the six-week trial in Los Angeles, which has been compared to the cases against tobacco companies in the 1990s. But how do these features work and what are their consequences? Are they creating addicts rather than users or are they just giving consumers more of what they want? Continue reading...
Fake rooms, props and a script to lure victims: inside an abandoned Cambodia scam centre
Posted on Saturday March 14, 2026
Sprawling compound, including mock-up banks and police offices, uncovered by Thai military during border clashesIt is as if you have walked into a branch of one of Vietnam’s banks. A row of customer service desks, divided by plastic screens, with landline phones, promotional leaflets and staff business cards. A seated waiting area and a private meeting room. All of it features the OCB bank’s logo, or its trademark green colour.This is not a genuine bank branch, however. It’s one of various “mock up” rooms inside a sprawling compound on the Thai-Cambodian border, where criminal groups are accused of using elaborate and industrial-scale fraud schemes to trick victims into handing over money. Continue reading...