WORLD
‘Five Nights at Epstein’s’ game goes viral at US school campuses
Five Nights at Epstein’s is sweeping through classrooms across the country — from Utah to North Carolina — supercharged by videos on social media that show young boys and girls playing in class
WORLD
Iran rakes in millions of dollars as Strait of Hormuz crisis lifts oil revenues
Iran is also bringing in extra income by charging transit fees of as much as $2 million on some commercial ships crossing the strait.
WORLD
Asia braces for worst-case oil scenario as Iran war drags on
PM Modi warned the war could cause unprecedented challenges for the nation
BUSINESS
Vedanta's Cairn targets 1 million barrels a day, looks to US shale to cut import reliance
Cairn executives are in Houston this week looking to spend as much as $5 billion with oilfield contractors who will help the company develop fields at home that include shale formations, Vedanta Chairman Anil Agarwal said during an interview.
BUSINESS
Fed Chair nominee Warsh may need 5 years to really shrink central bank’s balance sheet
Once Warsh is confirmed to the post by the US Senate, he could institute some of the reforms more or less right away, provided he has buy-in from his colleagues. Others could take up to five years, a longtime adviser to the Fed said, which would imply an effort extending beyond Warsh’s four-year term as chair.
WORLD
Gold steadies as investors weigh outlook for US-Iran peace talks
Gold steadied after recent losses as investors weighed mixed US-Iran signals, with prices edging up slightly amid inflation concerns and rate uncertainty.
WORLD
Disney CEO’s first week marred by ‘Fortnite,’ OpenAI woes
A watershed deal Disney struck with OpenAI late last year dissolved suddenly on Tuesday when the artificial intelligence startup announced it was closing down its Sora video generator app in an effort to streamline its product lineup
TECHNOLOGY
Meta, Google found liable in social media addiction case
Jurors said Meta must pay at least $2.1 million in damages, and Google must pay at least $900,000. The jury will hear more arguments on whether to also impose punitive damages on the companies.
WORLD
British Airways proposes bonus for pilots who burn less fuel
Pilots would collectively need to reduce their jets’ carbon dioxide emissions by 60,000 tons above 2025 levels to unlock a bonus that could equal 1% of their basic salary
WORLD
Pentagon wants to shift funds to interceptors amid Iran war
The Pentagon’s comptroller Jules Hurst didn’t peg the Pentagon request to the ongoing conflict in Iran in a formal “reprogramming” note he sent to Congress on March 13
WORLD
Trump taps Zuckerberg, Andreessen and Huang for tech council
Trump has taken interest in establishing what the White House casts as “American dominance” in AI and digital assets.
MARKETS
US stocks rise, oil falls as truce prospects weighed
President Donald Trump has been pushing for talks with Iran in a bid to halt the fighting
BUSINESS
Meta is cutting several hundred jobs amid record AI spending
The layoffs will affect employees both in the US and other international markets, according to a person familiar with the matter
INDIA
India’s delayed climate plan sets weak new emissions goal
The new goal to reduce emissions intensity is calculated against a baseline year of 2005, and makes only an incremental advance on the nation’s prior commitments
INDIA
Iran war shows limits of BRICS as India pushed to choose sides
Almost a month after the US and Israel began airstrikes on Iran — which killed the senior leadership in that country and triggered a global energy crisis — the BRICS group has failed to take a position on the war.
BUSINESS
Hormuz tensions send sea drone maker’s stock up 700%, turning owners into billionaires
Growing interest in Exail's submarine drones has pushed the company’s shares up more than 700% since mid-2024
BUSINESS
Adani eyes partnerships with Meta, Google amid data center boom
Walmart Inc.’s Flipkart is also engaged in talks with the Adani Group and is exploring sites across Indian states for the centers, said the people, asking not to be identified as the negotiations are private
WORLD
Iran demands crew, cargo details to send ships through Strait of Hormuz
The process is still idiosyncratic and can vary from ship to ship, according to accounts from people familiar with the trade
BUSINESS
India buys 60 million barrels of Russian oil for April to ease supply concerns
The cargoes were booked at premiums of $5 to $15 a barrel to Brent
BUSINESS
Judge calls US government ban on Anthropic AI 'troubling'
The judge added that she’s concerned about whether the government is punishing Anthropic for speaking out publicly about the conflict.
BUSINESS
Banks shed $22 billion of buyout debt after record EA deal
Banks led by JPMorgan Chase & Co. sold almost $15 billion of risky debt on Tuesday to help fund the record leveraged buyout of video game-maker Electronic Arts Inc., after drawing $45 billion of orders.
BUSINESS
Meta offers top execs stock options for first time since IPO
The new options, outlined in company filings on Tuesday, will be released if Meta hits ambitious stock-price milestones over coming years.
MARKETS
Oil falls, stocks rise on Iran de-escalation hopes
Brent crude slid as much as 6.6% to $97.57 a barrel, while a gauge of Asian equities climbed 1.6% on expectations that a de-escalation in the Iran conflict would ease inflation pressures and reduce the need for monetary tightening.
BUSINESS
SpaceX to file for US IPO soon as this week, Information says
Elon Musk’s company could try to raise more than $75 billion, the media outlet said, citing a person with direct knowledge of the plans.
