Targets

• The European Union has proposed a new sovereignty package designed to reduce its strategic dependence on non-EU suppliers for critical technologies, including semiconductors, AI, and cloud computing. • Key measures include the creation of Experience and Acceleration Centres to coordinate AI adoption across member states and the implementation of a framework to assess cloud and AI sovereignty. • The initiative emphasizes the "Open Source Strategy," which aims to increase the availability of European-made alternatives for cybersecurity, internet technologies, and data-centre projects.

• Qatar has formally condemned Iranian attacks on civilian targets in Bahrain and Kuwait, labeling the actions a "grave violation" of national sovereignty. • The State asserts that these strikes breach the 1949 Geneva Conventions and international humanitarian law, specifically the principles prohibiting indiscriminate attacks on civilians. • This diplomatic response highlights the regional instability caused by unprovoked aggression and the urgent need to protect non-combatants from the consequences of armed conflict.

IPO could raise up to $75bn, giving SpaceX market value of $1.77tn as it sets up Musk for extraordinary wealthElon Musk’s SpaceX is looking to raise $75bn (£55bn) from its blockbuster stock market listing next week as the rocket company aims for the largest initial public offering ever.If the stock market launch – primed for 12 June – goes as planned, founder Musk, the world’s wealthiest person, could make history as the first trillionaire. Continue reading...

• The European Commission proposed new laws on Wednesday aimed at strengthening domestic cloud, AI, and semiconductor industries to reduce dependence on U.S. Big Tech. • This strategic "made-in-Europe" drive comes despite criticism from the U.S. government regarding the European Union's ongoing regulatory crackdowns on American technology firms. • The initiative matters as the EU seeks technological sovereignty and aims to foster a competitive internal market against giants like Microsoft, Google, Amazon, Meta, and Apple.

• The interagency Development Budget Coordination Committee (DBCC) has revised its macroeconomic growth targets to account for the economic impact of the war in the Middle East. • This follows a previous downward revision in December triggered by a slump in growth linked to a massive flood control project scandal. • The adjustment reflects the government's need to align fiscal expectations with volatile geopolitical conditions and internal governance issues.

• The European Commission has proposed the Cloud and AI Development Act, which introduces sovereignty tiers for cloud providers to reduce reliance on U.S. tech dominance. • Major U.S. firms, including Amazon, Google, and Microsoft, face potential hurdles in securing sensitive government data contracts due to conflicts with the U.S. Cloud Act. • The legislation aims to triple the EU's data center capacity and prioritize the use of EU-developed hardware and software within strategic sectors.

• The European Commission has unveiled a comprehensive new package of measures aimed at enhancing the European Union's technological sovereignty. • A central component is the new Cloud and AI Development Act, which seeks to streamline the deployment of data centers across the EU. • The initiative introduces a single, EU-wide framework to assess and ensure cloud and AI sovereignty, reducing fragmentation across member states.

• The European Commission has introduced a new digital sovereignty package aimed at reducing the EU's dependence on large global technology companies. • The initiative shifts focus from mere regulation toward an industrial policy, featuring a Cloud and AI Development Act, a Chips Act 2.0, and a new open-source strategy. • These measures are designed to strengthen European technology capacity, specifically within critical infrastructure and public procurement processes.

Attacks reported in Kuwait – home to a US military base – and around the strait of Hormuz in latest exchange of fire as peace negotiations continueMiddle East live – latest updatesThe US said it struck Iranian military sites at the weekend and Iran’s Revolutionary Guard said on Monday it had targeted a US base in response, the latest in a series of exchanges amid negotiations to end the three-month-old war.The strikes on Iran’s Gulf coast were in response to “aggressive Iranian actions that included the shootdown of a US MQ-1 drone that was operating over international waters”, the US military’s central command (Centcom) said on X. Continue reading...

Social housing landlords to be able to evict perpetrators, while right-to-buy tenancy requirements to riseSocial housing landlords will be able to evict domestic abuse perpetrators under a new bill, which will also increase the tenancy required before residents qualify for the right-to-buy scheme from three to 10 years in England.The government said the bill, which will be debated in the House of Lords on Monday, would fix “the long-term decline in social housing” and offer new protections for social tenants who were subjected to domestic abuse. Continue reading...

Proposal requires Rene Haas to steer US-listed British company to ‘exceptional growth metrics’ The chief executive of Arm is in line for a pay package that would make him a billionaire if he hits targets to turn the British microchip giant into the UK’s first trillion-dollar company.Arm, which is listed in New York but retains its global headquarters in Cambridge, has proposed a pay scheme for Rene Haas in which he will receive generous annual share awards plus a maximum bonus of $800m if he can hit certain “exceptional growth metrics”. Continue reading...

• The United Nations has asserted that 100% of the Gaza Strip belongs to Palestinians, directly opposing plans by Israeli Prime Minister Benjamin Netanyahu to establish Israeli control over 70% of the territory. • This diplomatic clash occurs amid high regional tensions, with Iran and Hezbollah closely monitoring the situation for any signs of further escalation. • The UN's stance serves as an attempt to establish clear diplomatic parameters to prevent an expansion of the conflict that could involve additional regional actors.

• Indonesia is launching a new digital data platform designed to help regional governments map export potential and expand their access to global markets. • To counter global geopolitical uncertainty, the government is aggressively pursuing trade agreements, including the ratification of Comprehensive Economic Partnership Agreements (CEPA). • These strategic partnerships specifically target expanding trade relations with Canada, Peru, and several African nations.

Moscow and Kyiv trade long-range attacks after brief truce and Donald Trump’s assertion war could end soonEurope live – latest updatesRussia targeted Ukraine with more than 200 drones in a large-scale daytime assault on Wednesday, hours after a previous barrage of civilian areas had killed at least eight people.The strikes came as Kyiv and Moscow traded long-range attacks after a brief ceasefire, and despite the latest suggestion from Donald Trump that the war could soon come to an end. Continue reading...

• A $140 million super PAC war chest is poised to attack Ohio Democrat Sherrod Brown as he aims for Senate return in 2026. • Funding from Republican donors aims to highlight Brown's voting record and economic policies in battleground state. • Escalation matters for GOP's narrow Senate majority defense amid high-stakes midterm environment.

• ServiceNow announced on May 8, 2026, a goal of $32 billion in revenue by 2030, introducing the 'Action Fabric' AI agent pricing layer. • The strategy counters SaaS market challenges by embedding advanced AI agents into its platform for automated workflows. • This move signals enterprise software's pivot toward AI orchestration, potentially reshaping IT service management.

• A super PAC with a $140 million war chest is preparing to challenge Ohio Democrat Senator in the 2026 election cycle. • The funding aims to prevent the incumbent's return, intensifying Republican strategies as reported on May 8, 2026. • This financial firepower underscores the high stakes for Senate control amid Trump's midterm focus.

• Manchester City are eyeing Real Madrid winger Vinícius Júnior for a potential summer transfer, according to TEAMtalk reports. • Madrid has informed the 25-year-old Brazilian that he could be available, with City waiting to capitalize. • This move reflects City's ambition to bolster their attack amid ongoing Premier League and Champions League pursuits.

• Fred Hutch Cancer Center in Seattle announced recent research findings on May 6, 2026, addressing multiple areas including improved outcomes for stem cell transplants and newly explored connections between solar jetlag and liver cancer development. • The research represents efforts to expand the range of cancer treatment targets beyond conventional approaches, with implications for patient outcomes across multiple cancer types. • These findings contribute to the broader understanding of both cellular and environmental factors influencing cancer development and treatment efficacy, potentially informing new therapeutic strategies.

US says it has destroyed six small Iranian military boats – which Tehran denies – while Iran launched barrage of attacks on US-allied United Arab EmiratesDonald Trump sends warships to break Iran’s strait of Hormuz blockadeWe are restarting our live coverage of the US-Israeli war on Iran. The US and Iran launched new attacks in the Gulf on Monday as they wrestled for control over the strait of Hormuz amid dual maritime blockades, taking the region back to the brink of full-scale war.The fresh volleys of missiles and drones came after Donald Trump launched a new effort to get stranded tankers and other ships through the vital energy and trade route that has been virtually shut since the US-Israeli war against Iran began in late February.Trump warned that Iran’s forces would be “blown off the face of the earth” if they attacked US vessels trying to reopen a route through the strait. The president announced the US operation – called Project Freedom – on Monday to help hundreds of ships trapped in the Gulf.Centcom chief Adm Brad Cooper declined to say whether he thought the ceasefire with Tehran that begun on 8 April remained in effect amid Iranian attacks in the region but acknowledged Iran’s Revolutionary Guards tried to “interfere” with Trump’s operation.Iranian foreign minister Abbas Araqchi said Monday’s events showed there was no military solution to the crisis. He said peace talks were progressing with Pakistan’s mediation and warned the US and the UAE against being drawn into a “quagmire by ill-wishers”.Iran’s Revolutionary Guards said on Monday that no commercial vessels had crossed the strait in the past few hours, and that US claims to the contrary were false. Iranian state media also denied reports the US had sunk Iranian vessels.The UK and Saudi Arabia both called for de-escalation after Iran’s attacks on the UAE – the first on the US ally since Washington’s ceasefire with Tehran took effect about a month ago.In Oman, two people were injured by an attack on a residential building in Bukha, on the Hormuz strait’s coastline, an Omani state news agency reported.A fire on a South Korean-operated vessel that had an explosion in the Hormuz strait has been extinguished, ship operator HMM said. South Korea’s foreign ministry said all 24 crew on the HMM Namu – including six South Koreans – were unharmed. Trump blamed an Iranian attack.International Monetary Fund chief Kristalina Georgieva warned that inflation was already picking up and the global economy could face a “much worse outcome” if the war dragged into 2027 and oil prices hit about $125 a barrel. Continue reading...

• TechCrunch correspondent Anna Heim identified 21 emerging European AI and tech startups positioned to capture venture investor attention beyond market leaders Mistral AI and Lovable. • The curated list of companies represents underreported opportunities in artificial intelligence and emerging technologies that venture insiders are quietly tracking. • These startups compete in a market where established European firms continue securing massive funding rounds and launching competitive products.

• A new clinical trial launched April 24, 2026 (NCT07549529), examines postural motor activation deficits following mild traumatic brain injury (mTBI) in US patients. • The study translates lab findings into physical therapy protocols for concussion rehabilitation, focusing on vestibular and balance impairments. • Affecting millions annually, mTBI recovery gaps could improve with targeted interventions, potentially reducing long-term disability rates by 30%.

• X-Energy, a nuclear power company, completed its Nasdaq debut with CEO Clay Sell announcing plans to deliver clean energy solutions to data centers and industrial customers. • The company is positioning itself as part of the broader reinvention of nuclear power to meet growing energy demands from artificial intelligence and cloud computing infrastructure. • The move reflects investor appetite for clean energy technologies as data center operators seek sustainable power sources to support AI expansion.

• The Trump administration pledges a crackdown on Chinese companies exploiting American-made AI models, focusing on national security risks. • Officials singled out China for foreign tech firms' unauthorized use of US AI technologies, vowing stricter enforcement measures. • The initiative aims to protect US intellectual property and prevent adversarial nations from leveraging American innovations in AI development.

• A $140 million super PAC war chest is poised to challenge Ohio Democrat Sherrod Brown's 2026 Senate return. • Funded by Republican donors, the group aims to exploit Brown's vulnerabilities in a key battleground. • This escalation underscores high stakes for Senate control amid Trump's midterm focus.

Exclusive: Australian Recreation Union says it plans to support candidates and parties that oppose gun control laws brought in after terror attackGet our breaking news email, free app or daily news podcastA gun users’ group targeting marginal Labor seats in next year’s New South Wales election plans to campaign for candidates who oppose the government’s firearm laws enacted after the Bondi terror attack.In an email sent to the electorate offices of 15 Labor backbenchers last week, the Australian Recreation Union (ARU) said it had recruited campaign managers across 17 “vulnerable” electorates, including Kogarah, the seat of the premier, Chris Minns, and Swansea, held by the police minister, Yasmin Catley. Continue reading...

• Anthropic released Claude API with native fine-tuning capabilities on April 19, allowing enterprises to customize the model on proprietary datasets without requiring base model retraining. • The fine-tuning service supports context windows up to 200,000 tokens and is priced at $8 per million input tokens and $24 per million output tokens, competitive with OpenAI's pricing structure. • This release directly challenges OpenAI's GPT-5 announcement and positions Anthropic as an alternative for organizations seeking customizable AI solutions with enhanced safety guardrails.

Met police look into incident near office of Iran International after attempted firebombing of a synagogueCounter terror investigators are examining three separate arson attacks in London against an Iranian dissident and Jewish targets amid fears the Iranian state may be behind them.The latest attack came on Wednesday evening at about 8.30pm against the offices of the parent group of a company that runs Iran International, a Persian news channel which opposes the regime in Tehran. Continue reading...