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The War Economy: A Billionaire’s Perspective from the FrontlineUkraine is reeling from its heaviest aerial raid in months, with at least 25 people killed in the night sky. In the aftermath, Rinat Akhmetov, the country's wealthiest oligarch and owner of Shakhtar Donetsk, gives a rare interview from a location outside Kyiv. This conversation marks the 90th anniversary of the club and the 30th year of Akhmetov's leadership, offering a unique insight into how the war has reshaped his personal and professional life.From Coal Traders to Champions: The Akhmetov StrategyAkhmetov’s rise from a child in 1970s Donbas to the owner of one of eastern Europe’s most influential football clubs is a story of calculated risk and strategic foresight. His journey began not in football, but in the volatile economy of the 1990s.The Proximity of Danger: Akhmetov was five seconds away from death when his business partner and predecessor, Akhat Bragin, was killed in a stadium explosion in 1995. This tragedy left the club abandoned, with players earning as little as $200 or $300 a month.Industrial Expansion: Leveraging the collapse of the Soviet Union, Akhmetov moved from trading coke and coal to acquiring cheap stakes in metallurgy plants. He revitalized the Yenakiieve plant, where workers previously earned $45 a month, transforming it into a globally competitive enterprise.Breaking the Mold: To break Dynamo Kyiv's dominance, Akhmetov hired foreign managers like Nevio Scala and Mircea Lucescu. He argued that a patriot is someone who works for Ukraine's benefit, regardless of origin, a philosophy that yielded 22 trophies over 12 years.The Financial Toll of Occupation and the Iron and Steelworks of AzovstalThe conflict in Donbas has been devastating for Akhmetov’s industrial empire. Since the occupation began in 2014, his businesses have suffered severe losses. The Azovstal iron and steelworks became a global symbol of Ukraine's resilience during the 2022 siege, though it came at a massive cost to the local economy.Shakhtar was forced to flee their home, losing the Donbas Arena—a stadium that once held 40,000 to 50,000 fans—to the occupying forces. The club's relocation to Lviv and Poland turned them into a powerful ambassador for the Ukrainian state, using the Conference League semi-finals to keep the world's attention on the war.Shakhtar as a Symbol of Ukrainian ResilienceAkhmetov reveals that Shakhtar has always been pro-Ukrainian, evidenced by their 2007 decision to use the Ukrainian spelling of their name over the Russian one. However, the full-scale invasion has crystallized this identity. The club is now viewed globally as a symbol of the fight for independence, sovereignty, and freedom.The Road to Donbas: A Promise Kept and BrokenFor years, Akhmetov maintained a moral imperative: he vowed not to attend another game until Shakhtar returned to their beloved Donbas Arena. This promise was broken last month when he returned for the Conference League quarter-final following the death of his long-time manager, Mircea Lucescu. The spontaneous decision was driven by emotion, as the players' applause during the warm-up moved him to tears. It marks a significant moment in the club's history, signaling a potential return to the region that birthed them, even as the war continues.

The Plight of Sumatra's Elephants Two elephants, a mother and her calf, were found dead in the Indonesian province of Bengkulu, in an area of 'production forest' in southern Sumatra. The cause of their deaths, along with that of a tiger nearby, is still being investigated. This is not an isolated case, as conservationists report that seven wild elephants have died in Bengkulu since 2018. Habitat Loss and Human-Elephant Conflict The population of Sumatran elephants (Elephas Maximus Sumatranus) around the Seblat district of Bengkulu once thrived but has plummeted due to poaching and deforestation driven by farming and palm oil plantations. The population has decreased from an estimated 100-150 individuals in 2010 to not more than 50 today. Conservation Efforts To protect the remaining elephants, the Bengkulu Natural Resources Conservation Agency (BKSDA) has begun monitoring Seblat using a thermal-imaging drone. The aim is to establish the extent of the elephant population and its habitat, and what should be done to protect it. The agency hopes to reveal the health of the population by identifying the number of calves, which is crucial for the long-term genetic sustainability of the population. The Future of Sumatra's Elephants Conservationists stress that monitoring alone is not enough; the root of the problem – habitat loss and human-elephant conflict – must be addressed. The Indonesian government has taken steps, including revoking the permits of two logging companies. However, more needs to be done to ensure the survival of Sumatra's elephants.

The Paradox of Growth: Datacentres, GDP, and ClimateThe latest March GDP figures reveal a troubling disconnect between economic expansion and environmental reality. While the economy grew by 0.3% in the quarter, the primary driver of this growth is a boom in datacentre investment. This creates a scenario where economic success is being achieved at the expense of the climate and long-term employment stability.The Datacentre-Driven GDP SurgeThe core of this economic shift lies in the massive private investment in machinery and equipment, which actually exceeded total GDP growth. This surge is largely attributed to the information technology and communications industry, specifically the construction of datacentres.Net Trade Deficit: Australia's net trade went backwards, with imports of datacentre equipment outpacing exports.Jobless Growth: Unlike traditional infrastructure, datacentres are designed to minimize human labor, meaning the construction boom does not translate into a sustainable jobs boom.Investment Shift: Without datacentre investment, non-mining investment would have actually contracted in March.The Hidden Cost of Household SpendingWhile the headline GDP number looks positive, the underlying data for households tells a different story. The rise in household spending was largely artificial, driven by a jump in electricity and gas bills following the end of government rebates.Per Capita Decline: When accounting for population growth, average household spending actually fell.RBA Impact: The Reserve Bank of Australia (RBA) raised rates, contributing to a 0.7% drop in real per capita disposable income.Living Standards: Nearly half of the income decline was due to increased interest rate payments.Why GDP Metrics Fail to Reflect RealityThe Climate Council warns that the datacentre boom will drastically increase Australia's electricity consumption. Currently accounting for 2% of national electricity use, this sector is projected to jump to 6% by 2030 and 12% by 2050.This growth threatens to derail progress on climate goals. As electricity emissions are currently the main reason for falling greenhouse gas levels, the rapid expansion of datacentres—requiring massive amounts of power—could effectively destroy the nation's ability to reach net zero targets.The Future of Energy and EmploymentThe current economic trajectory suggests a future where growth is decoupled from both job creation and environmental sustainability. To avoid a climate catastrophe, Australia must urgently integrate massive renewable energy capacity and battery storage to power these datacentres without relying on polluting coal or gas.

The Future of Warfare: AI-Powered Drones Should the AI-powered drones of the future have a licence to kill? The question is becoming ever more pressing as governments and the defence industry acknowledge that drone systems will play an increasingly crucial role in future warfare. The Moral Dilemma of Autonomous Weapons With drones being deployed in huge numbers in the Ukraine war and AI being used to assist bombing missions in the Iran conflict, there is an expectation among some observers that weapons will have to operate with increased operational autonomy, which means they will need something approximating a moral framework. Expert Opinions on AI and Morality Last year Mustafa Suleyman, chief executive of Microsoft’s AI arm and a co-founder of the UK-based DeepMind, was unequivocal about the issue of machines making moral decisions. He said: “AIs cannot be people – or moral beings.” David Omand, the former head of the UK spy agency, GCHQ, believes AI can create a “moral” configuration for unmanned weapons. The UK armed forces minister, Al Carns, told the Financial Times recently there must be an option to “take the human out of the loop” in decision-making. The Challenges of Programming Morality Zee Talat, an academic specialising in machine learning at the University of Edinburgh’s school of informatics, argues that large language models – the technology that underpins modern generative AI systems such as chatbots – are fundamentally incapable of moral decision-making. “If you have a machine that’s probabilistic by nature it will veer towards the most likely answer in a situation. Do we think that morality follows probabilistic notions?” The Debate on Autonomous Weapons Governance Jessica Dorsey, an assistant professor of international law at Utrecht University in the Netherlands, raises concerns about determining whose morality the drone is following, given the United Nations is still trying to achieve a global consensus on autonomous weapons governance. “War is filled with so many variables and it is a given that things will go wrong. And when that happens at AI-like speed, it is difficult to unravel.” The Future of AI-Powered Drones Some experts argue that giving drones greater autonomy, and programming rules of engagement and morality into them, will be a necessity if other nation states continue to develop and deploy similar technology at pace. Nicholas Wright, a neuroscientist and author of Warhead, a book on the human brain and war, says: “For any military to compete effectively against other high-end militaries it is going to need a large amount of systems that will be required to take decisions on their own.” Olaf Hichwa, the co-founder of Neros, a US drone startup, believes that drones will not replace human decision-makers, but enhance the abilities of their human pilots.

Understanding the Basics of Monthly Investing Investing £50 a month can be a great way to start building wealth, regardless of your age. The key is to understand the basics of investing and to have a clear plan. Before You Start Investing Before you start investing, it's essential to build up an emergency fund that covers three to six months of essential outgoings. This fund should be easily accessible in case of unexpected costs. Consider your investment goal, time horizon, appetite for risk, and desired level of return. These factors will help you decide on the most suitable asset classes and investment company. In Your 20s: Starting Early In your 20s, you may want to consider building up cash savings and investing in a cautious fund via a stocks and shares Isa. Younger investors can benefit from time in the market and may consider a growth portfolio. Experts recommend aiming for at least 2.5% above inflation. Consider a ready-made portfolio that fits your risk appetite. In Your 30s: Planning for the Future In your 30s, you may face important life goals, such as starting a family or saving for university fees. Consider investing via a tax-free junior Isa or a stocks and shares Isa. Parents can start saving for university fees from their child's birth or when they start secondary school. Experts recommend considering a multi-asset fund or a global equity tracker fund. In Your 40s and 50s: Retirement Planning In your 40s and 50s, you may want to prioritize retirement planning and boosting savings and investments. Consider a fixed-income fund or a multi-asset fund to smooth out volatility. Experts recommend using Isas for pre-retirement goals due to their flexible access. Consider overpaying your mortgage or boosting your pension. Conclusion Investing £50 a month can be a great way to start building wealth, regardless of your age. By understanding the basics of investing and having a clear plan, you can make informed decisions and achieve your long-term goals.

Peter Murrell, the former chief executive of the Scottish National Party (SNP) and ex‑spouse of former First Minister Nicola Sturgeon, has confessed to diverting party funds for personal use, sparking a legal and political firestorm. The Unfolding of Peter Murrell’s £400,000 Misappropriation Murrell’s admission, reported by The Guardian and detailed in an interview with BBC by Sturgeon, reveals a pattern of spending on items ranging from toilet rolls and instant coffee to a Jaguar. The case is now in court, with a hearing scheduled for this week and sentencing expected later this month. Financial Scale of the Misuse: £400,000 in Party Funds £400,000 allegedly siphoned from SNP accounts. Purchases included everyday consumables and luxury goods such as a Jaguar. Funds were reportedly taken without formal approval from party treasurers. Political Fallout for Nicola Sturgeon and the SNP Sturgeon has publicly denied knowledge of the embezzlement, but the revelations have damaged her public image and raised questions about internal controls within the SNP. Analysts warn that the scandal could erode voter confidence ahead of upcoming elections. What Comes Next: Court Verdicts and Party Reforms The upcoming court decision will determine Murrell’s sentence, while the SNP faces pressure to overhaul its financial governance. Potential outcomes include: Implementation of stricter audit procedures. Possible leadership reshuffles within the party hierarchy. Increased scrutiny from media and opposition parties. How the SNP navigates this crisis will be pivotal for its long‑term credibility and for Sturgeon’s political legacy.

The Deadly Hotel Fire At least 21 people have been killed, including 18 foreign nationals, as a fire ripped through a hotel in New Delhi, police said, in one of the deadliest blazes in the Indian capital in years. Foreign Nationals Among Victims The dead included people from Bangladesh, Nigeria, Mozambique, and Liberia, CNN-News18 said. Many of them had come to the city for medical treatment, the Indian Express and other local media reported. Fire Details and Rescue Efforts The fire took place on Wednesday in a building in the Malviya Nagar neighborhood in the southern part of the city, which has a restaurant on the ground floor and a hotel above. The blaze was extinguished with the help of eight fire engines, and more than 40 people were rescued and taken to nearby hospitals, Delhi police said in a statement. Cause of the Blaze and Aftermath The cause of the blaze was not immediately known, but building fires are relatively common in India due to a lack of firefighting equipment and frequent disregard for safety regulations. Prime Minister Narendra Modi said the loss of lives was tragic and extended his heartfelt condolences to those who have lost their loved ones and wished a speedy recovery to the injured.

The Election of a New UN General Assembly President Bangladesh's Foreign Minister Khalilur Rahman has been elected president of the 81st session of the United Nations General Assembly after defeating Cyprus's Ambassador Andreas Kakouris in a closely contested vote. Rahman secured 99 votes, eight more compared with his competitor Kakouris. A total of 190 ballots were cast, with no invalid votes or abstentions. Details of the Election and Term The presidency rotates among the UN's five regional groups, and the 81st session falls to the Asia Pacific group. Rahman will serve a one-year term starting on September 8, the UN said. Rahman secured 99 votes. His competitor, Andreas Kakouris, secured 91 votes. A total of 190 ballots were cast. Challenges Facing the UN General Assembly Rahman's presidency will coincide with one of the most consequential processes on the UN calendar: the selection of Secretary-General Antonio Guterres's successor, whose term expires at the end of this year. The UN is facing immense pressure, with consensus increasingly difficult to achieve and defence of the UN Charter becoming a daily necessity. Background on Khalilur Rahman Rahman served as national security adviser and high representative on the Rohingya issue before becoming Bangladesh's foreign minister in February when the Bangladesh Nationalist Party (BNP) won in the country's first election since a student-led uprising ousted longtime leader Sheikh Hasina in 2024. A career diplomat, he joined Bangladesh's foreign service in 1979 and held senior UN positions in New York and Geneva. The Role of the UN General Assembly The General Assembly is the UN's most representative body, bringing together all 193 Member States, each with one vote. Its annual gathering in September in New York is the only UN forum where world leaders of all countries, small and large, can speak. The UNGA also makes key decisions for the UN, including appointing the secretary-general on the recommendation of the UN Security Council, electing the non-permanent members of the UNSC, and approving the UN budget.

The Lead Lawmakers in the United States are quietly advancing a proposal that could deepen military ties between the US and Israel in unprecedented ways, at a time when public support for Israel among Americans is increasingly fractured. The Proposal Details The proposal, included in the 2027 National Defence Authorisation Act (NDAA), aims to establish a "United States-Israel Defence Technology Cooperation Initiative". This initiative would require the US defence secretary to designate an official responsible for coordinating military cooperation between the two countries, focusing on areas such as counter-unmanned systems, anti-tunnelling and subterranean threats, and missile and air defence technologies. The Data Analysis The proposal comes amid growing debate in the US over military support for Israel, particularly as Israel's actions in Gaza and Lebanon continue to draw international criticism. Recent opinion polls suggest increasing scepticism among Americans towards unconditional support for Israel, with only 16% of Americans supporting continuing weapons transfers to Israel without additional restrictions. The Impact Analysis Analysts say that if passed, the proposal would mark a significant shift in the US-Israel relationship, moving beyond a model centred on American military aid towards deeper institutional integration between the two countries' defence industries and militaries. Critics argue that such a move would make support for Israel less a matter of political choice and more a structural feature of US national security policy. The Prediction Whether the proposal survives the legislative process is uncertain, but its inclusion in the NDAA shows how some politicians, many backed by the pro-Israel lobby group AIPAC, are attempting to bind the two countries' militaries closer together, creating long-term industrial links that future administrations may find difficult to reverse.