Clear

Planning application expected shortly as London City airport and bank reach agreement for 265m-high buildingBusiness live – latest updatesJP Morgan Chase has reached agreement with London City airport to build one of Europe’s tallest office towers in the east of the capital.The £3bn tower is poised to be the tallest in the Canary Wharf financial district, after JP Morgan, one of Wall Street’s biggest banks, secured approval from the airport. Continue reading...

• Russia and China are advancing nuclear-powered icebreakers and submarines to contest US control over Arctic shipping routes amid melting ice caps. • New vessels, including Russia's Project 22220 upgrade with 100 MW reactors, aim to secure Northern Sea Route for energy exports by 2027. • This development escalates great power competition, as US lacks comparable non-nuclear fleet, risking influence over $1 trillion in resources.

• The Nuclear Regulatory Commission granted final approval for Diablo Canyon nuclear power plant to continue operations through 2030, concluding a three-year regulatory review process. • This decision represents a significant policy shift regarding nuclear energy in California and demonstrates regulatory confidence in the plant's safe operation and maintenance standards. • The approval reflects broader national conversations about nuclear energy's role in meeting energy demands and climate goals, particularly as the U.S. seeks to expand clean energy capacity.

• President Trump stated US objectives in the Iran conflict are nearly achieved yet simultaneously threatened even more intense strikes in the weeks ahead, creating confusion about American strategy. • With no declared exit strategy and rising fears of Iranian retaliation, analysts question whether the military campaign is winding down or entering a more dangerous phase. • UK-led talks planned for next week in London will include plans for possible military actions to clear the Strait of Hormuz, with the US not involved in these negotiations.

FDA planned to fast-track applications for authorization, but agency reviewers raise alarm over addiction riskPopular nicotine pouch products have yet to be cleared for sale in the United States despite a fast-track Food and Drug Administration scheme, as agency scientists hesitate to authorize them due to potential risks to new users, including children, three sources told Reuters.New tobacco products like pouches, which users insert under their lip to get a nicotine buzz, must be authorised by the FDA in order to be legally sold in the US, the world’s largest market for smoking alternatives worth some $22bn. Continue reading...

• NASA's Artemis II mission, the first crewed flight test of the Space Launch System (SLS) rocket and Orion spacecraft, has cleared its final hurdle and remains on track for launch no earlier than April 1, 2026. • The mission will send four astronauts—Reid Wiseman, Victor Glover, Jeremy Hansen, and Christina Koch—on a 10-day orbital test around the Moon, validating systems for future lunar landings. • This milestone follows rigorous technical reviews, ensuring crew safety and vehicle performance after lessons from uncrewed Artemis I in 2022.

• President Donald Trump warned Monday via Truth Social that if Iran does not open the Strait of Hormuz and a deal is not reached "shortly," the US will "blow up and completely obliterate" Iran's electric generating plants, oil wells, and Kharg Island. • US Secretary of State Marco Rubio said Washington is close to achieving its objectives in Iran "in a matter of weeks" and that Trump has "a number of options available" to prevent Iran from controlling the strategic waterway. • The threat comes as 3,500 US Marines and sailors aboard the USS Tripoli arrive in the Middle East, joining over 50,000 American troops already in the region, with hundreds of Navy SEALs also deployed.