Boom

Iran war and its impact on energy and fertiliser costs is the main risk to the global economy, report saysBusiness live – latest updatesAn extended period of high oil prices as a result of war in the Middle East could “crimp” the AI boom, the World Trade Organization’s chief economist has warned.The war and its impact on energy and fertiliser costs is the main risk to the global economy identified in the WTO’s latest Global Trade Outlook. Continue reading...

• Nvidia has announced plans to achieve $1 trillion in revenue over the next seven quarters, requiring average quarterly revenue of approximately $143 billion, nearly triple current levels. • The company must add around $65 billion in quarterly revenue from current levels, equivalent to Amazon Web Services' or AMD's annual sales each quarter. • Success depends on sustained AI infrastructure demand, increased production capacity, and supply chain optimization, with projections suggesting Nvidia could need to reach $200 billion per quarter by end of 2027.

An NWS office posted video of the meteor shooting across the sky, but says no report of debris found as it likely burnedA meteor over Ohio caused a large boom that jolted people as far away as Pennsylvania on Tuesday morning, according to the National Weather Service (NWS) and reports.The meteor entered the atmosphere at about 9am local time on Tuesday, producing a sonic boom felt across a wide swath of northern Ohio and beyond. Reports poured in from Cleveland and other sectors as far east as Pittsburgh, Pennsylvania, and into New York state. Continue reading...

Falling costs and government incentives made solar an attractive option for many, which has reduced need for gasAfter prices of liquefied natural gas surged to record highs following Russia’s full-scale invasion of Ukraine in 2022, millions of people in Pakistan were repeatedly left without electricity. An intense heatwave and gas shortages amid record-breaking prices resulted in power cuts across the country.But people soon started to realise there was an alternative. The falling costs of solar panels and generous government incentives to feed excess power back to the grid made rooftop solar an attractive option. Continue reading...

As platforms make less from advertising, creators are struggling to monetise work – leading to calls for more government investment and tax breaksOn a humid afternoon in Lagos, a shoot for a comedy skit is under way on a set that looks more like a small film production.Dozens of people mill about: lighting assistants, a sound engineer, a makeup artist and even a content creator recording unscripted behind-the-scenes footage. At the centre is Broda Shaggi, born Samuel Animashaun Perry, who is issuing instructions, rehearsing lines and performing caricatures. Continue reading...

With membership soaring, the Green party is grappling with logistics, culture shifts and a flood of new activistsIt is, as one Green activist put it, a never-ending series of “constantly good problems to have”. But how does a party adapt to the sudden trebling of its membership? And when a majority of people in an organisation are new, is it even the same thing anymore?The basic facts alone are startling. Before Zack Polanski took over as leader last September, the Greens in England and Wales had around 66,000 members. They are now at 215,000, and still rising at speed. Continue reading...

Need something brilliant to read this weekend? Here are six of our favourite pieces from the last seven days Continue reading...