Despite an indefinite ceasefire, the US maintains a blockade on the Strait of Hormuz, a chokepoint for 20% of global oil and LNG. This has removed approximately 13 million barrels per day from the global supply, leading to warnings of a global recession from top oil trading firms.
The EU is scrambling to address the energy crisis caused by the Iran conflict, which has already added €22 billion to its fossil fuel bill. The bloc is particularly vulnerable in jet fuel, importing 40% of its needs, with half of that coming from the Gulf, prompting fears of summer shortages.
Audi is emblematic of the struggles Western car brands face in China, experiencing a third consecutive year of declining sales. The company is losing to local rivals due to a slower pace of technological innovation, particularly in-car features, and a brand image that fails to connect with younger buyers.
A breach has allowed unauthorized users to access Anthropic's new 'Mythos' AI model, which the company admits can be used to enable dangerous cyberattacks. This incident underscores the dual-use nature of advanced AI and the immense challenge of securing these powerful tools from malicious actors.
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