Drives

Norway leads the way in terms of switching as data shows 224,000 new EVs were registered in MarchBusiness live – latest updatesSales of electric cars soared 51% in continental Europe last month, amid a rise in petrol and diesel costs driven by the Iran war.Data shows that 224,000 new electric vehicles (EVs) were registered in March, and 500,000 across the first three months of the year – a 33.5% increase on a year earlier, according to analysis of national sales data in 15 countries by New Automotive and E-Mobility Europe, a trade body. Continue reading...

• AI integration is delivering measurable spending momentum for Google Cloud, with enterprise technology research data confirming AI as a primary driver of cloud adoption. • The ML/AI segment is pulling Google's broader cloud business forward, explaining significant improvements in Google Cloud's performance over the past two years. • This trend indicates that AI is not merely a marketing narrative for Google but a concrete factor influencing enterprise purchasing decisions and cloud strategy prioritization.

Prices were up 3.3% over the year, adding to the unpredictability that first came with Trump tariffsSign up for the Breaking News US email to get newsletter alerts in your inboxUS inflation soared in March amid the US-Israel war with Iran, with prices up 0.9% compared to last month and 3.3% over the year, according to new data released Friday.The spike in the consumer price index (CPI), which measures the price of a basket of goods and services, is the largest in nearly two years and the first official measure of how the conflict has impacted US consumer prices, particularly as Iran blocked the strait of Hormuz, where a fifth of the world’s oil and gas would typically pass through. Continue reading...

Anutin Charnvirakul warns country is vulnerable over reliance on oil imports as countries across Asia introduce conservation measuresThailand’s prime minister, Anutin Charnvirakul, has called on the public to conserve energy, urging work-from-home measures and carpooling, as he warned of the impact of the conflict in the Middle East.In a statement posted on social media, Anutin said Thailand was exposed to the crisis because of its reliance on imported oil and gas, and the country could not be complacent. Continue reading...

Even if cargo route of strait of Hormuz reopens soon, Food and Drink Federation almost triples earlier forecastBusiness live – latest updatesFood inflation could hit 9% in the UK this year, even if the strait of Hormuz opens within the next few weeks, figures suggest, as the war in Iran pushes up energy prices.The Food and Drink Federation (FDF), which represents 12,000 food and drink manufacturers, has predicted that prices will rise by “at least” 9% the end of 2026, almost tripling a forecast made before the conflict of 3.2%. Continue reading...

• AI is expected to drive data center power consumption up 175% by 2030, creating unprecedented grid shortages that have pushed electricity prices higher across the country and compelled tech companies to seek alternative power sources. • Google's deal to power a new Minnesota data center blends wind and solar with a 30 gigawatt-hour battery from Form Energy, while the U.S. is expected to have nearly 65 gigawatts of battery storage capacity by year-end. • Dozens of startups including Amperesand, DG Matrix, Heron Power, Camus, GridBeyond, and Texture are developing power conversion and grid management technologies to address the critical energy shortage.

• Researchers from Carnegie Mellon and Northwestern Universities conclude insurer consolidation boosts health insurance premiums in US markets. • About 238 million Americans, or 78% of those insured, rely on private health insurance, increasingly concentrated with examples in Medicare Advantage drawing antitrust attention. • The analysis urges regulation and oversight to address market imperfections from asymmetric information and market power.

Jerome Powell resists Trump pressure as policymakers weigh energy shock against a weakening US jobs marketSign up for the Breaking News US email to get newsletter alerts in your inboxThe US Federal Reserve held interest rates steady for the second time this year, a widely expected move amid turmoil in the Middle East and rising energy prices.Fed officials faced a confluence of issues to consider in their meeting this week: soaring oil and gas prices, fluctuating inflation that still remains above the Fed’s target of 2% and a weakened job market that unexpectedly saw 92,000 losses last month. Continue reading...

• AI-powered data centers are prompting plans for new high-voltage transmission lines spanning hundreds of miles in states like Pennsylvania, West Virginia, and Virginia to meet surging electricity needs. • Pennsylvania's consumer advocate protests a $1.7 billion, 200-mile line from West Virginia, questioning cheaper alternatives and necessity amid the state's power export status. • A $22 billion Midwest transmission package faces opposition from regulators in North Dakota, Montana, Arkansas, Mississippi, and Louisiana over costs passed to consumers.