Impact

CEO of Danish shipping group says increased costs due to higher fuel bills passed on to customersBusiness live – latest updatesThe boss of the shipping company Maersk has said the reopening of the strait of Hormuz would have a “limited impact” on cargo flows, as the industry grapples with a sharp rise in energy costs.Vincent Clerc, chief executive of the Danish shipping group, said its fuel bill had nearly doubled since the start of the conflict, adding as much as $500m (£367m) in costs per month, but it had passed this on to its customers through higher freight rates. Continue reading...

• Industry leaders and experts at the India AI Impact Summit 2026 on Friday described AI as an infrastructure shift rather than a mere technology upgrade, with infrastructure determining future power dynamics. • The summit highlighted India's positioning at a critical AI inflection point amid rapid infrastructure transformations in computing and data capabilities. • Participants emphasized that this shift positions India to leverage AI for economic and strategic advantages in the global landscape.

Cap of 20mph in towns and cities and 60mph on motorways would cut fuel demand and combat rising prices, IPPR saysBritain should lower speed limits for drivers as part of a package of measures to reduce the impact of the Iran war on consumers, a thinktank has said.Capping legal speeds at 20mph in towns and cities and 60mph on motorways would help reduce fuel demand and combat soaring oil prices triggered by conflict, according to the Institute for Public Policy Research (IPPR). Continue reading...

• Fortinet highlighted a 389% increase in ransomware victims, driven by AI-enhanced cybercrime tactics disrupting global operations including in India. • The company's threat intelligence efforts are transforming awareness into actionable insights to counter sophisticated AI-powered attacks. • This surge underscores rising cybersecurity risks for Indian enterprises as AI tools enable more convincing phishing, deepfakes, and automated assaults.

• Singapore has completed a comprehensive review of its political salary framework but deferred any final decision citing impacts from the ongoing Middle East conflict. • The announcement was made by Minister Chan Chun Sing, highlighting caution amid global economic uncertainties affecting the city-state's finances. • This deferral reflects Singapore's policy of linking political remuneration to economic performance and national circumstances during crises.

• Consul General Pratik Mathur stated in Caixin Global that India is emerging as a global AI system-builder, showcased at the AI Impact Summit in New Delhi. • IndiaAI initiative forms a full-stack ecosystem including compute, data, models, skills, startups, and governance, beyond typical R&D grants. • A nationally accessible GPU backbone democratizes AI development, preventing monopolization by large firms.

Researchers say findings are not reason to shy away from restrictions as MPs consider ban in England’s schoolsStrict bans on mobile phones in schools have “close to zero” impact on student learning and show no evidence of improvements in attendance or online bullying, a study has found.Researchers at US universities including Stanford and Duke looked at nearly 1,800 US schools where students’ phones were kept in locked pouches and found little or no differences in outcomes compared with similar schools without strict bans. Continue reading...