Breaking AI & Tech News Analyzed

Ramesh Kumar, a 42‑year‑old wheat farmer in Gurdaspur, Punjab, India, is already recalculating his budget as fertiliser prices climb and deliveries become erratic.He worries that higher input costs could force him to postpone his daughter’s wedding, delay school fees for his children, or even cut back on the amount of fertiliser he applies – a decision that could lower his harvest.While the conflict between the United States, Israel and Iran unfolds thousands of kilometres away, its ripple effects are felt in the fields of Punjab, Kashmir, Pakistan’s South Punjab, Bangladesh’s Rangpur and Nepal’s Gulmi district.The Strait of Hormuz, a narrow chokepoint linking Gulf oil and gas producers to global markets, handles roughly one‑fifth of the world’s oil and LNG shipments. Disruptions here delay the flow of natural gas used to produce nitrogen‑based fertilisers, inflating freight, insurance and ultimately fertiliser prices.South Asia, home to nearly two billion people, depends heavily on fertiliser‑intensive agriculture. In India, the sector is worth about $400 billion and employs over 46 % of the workforce; in Pakistan, it contributes close to 20 % of GDP; Bangladesh’s agriculture accounts for 12‑13 % of GDP; and Nepal relies on agriculture for roughly 24 % of its economy.Between 30 % and 35 % of India’s fertiliser imports, and up to 25‑30 % of Pakistan’s, Bangladesh’s, and Nepal’s imports, travel through routes that pass the Strait of Hormuz. Any prolonged blockage could therefore strain supply chains across the region.Governments are attempting to reassure farmers. Indian Prime Minister Narendra Modi announced expanded domestic production of urea, DAP and NPK, as well as the rollout of “Made‑in‑India Nano Urea” and solar‑powered irrigation under the PM Kusum scheme.Pakistan’s federal secretary for agriculture highlighted proactive monitoring, increased domestic urea and DAP output, and measures to keep fertiliser affordable.Bangladesh plans to import 500,000 tonnes of urea in the short term and is exploring alternative sources from China and Morocco, while Nepal’s agriculture ministry says supplies for the upcoming rainy season are secured, though it warns of possible shipment delays.On the ground, farmers are already adjusting. In Kashmir, mustard grower Ghulam Rasool says he reduces fertiliser use as soon as price signals rise, even before actual shortages appear. In Pakistan’s South Punjab, wheat farmer Muneer Ahmad fears higher costs will affect the entire community. In Bangladesh, Mohammad Ibrahim notes that fertiliser availability is becoming unpredictable, and in Nepal, Meghnath Aryal worries that delayed deliveries will hurt crop yields.These individual decisions have broader implications. Reduced fertiliser application can lower yields, which in turn pushes up food prices—a critical concern in a region where households allocate a large share of income to food.While no immediate shortage has been declared, the combination of higher global energy prices, logistical bottlenecks and geopolitical risk makes the situation volatile. Authorities in all four countries are urging farmers to supplement chemical inputs with organic alternatives such as manure, compost and green manuring.For Ramesh Kumar and millions of his peers, the distant Gulf crisis is not an abstract geopolitical story; it is a daily calculation of whether they can afford to feed their families and meet essential expenses.

A federal judge has thrown out the majority of Blake Lively's claims against Justin Baldoni, her co-star and director of the domestic violence film It Ends With Us.In a court ruling on Thursday, Judge Lewis Liman dismissed 10 of the 13 claims in Lively's lawsuit against Baldoni, including claims of sexual harassment, conspiracy, and defamation. Only three claims will now be heard at trial: breach of contract, retaliation, and aiding and abetting in retaliation.The decision leaves Lively's case with a narrower focus, limited to her claims that Baldoni was behind a retaliatory campaign which shared and boosted negative stories about her online.“This case has always been and will remain focused on the devastating retaliation and the extraordinary steps the defendants took to destroy Blake Lively’s reputation because she stood up for safety on the set and that is the case that is going to trial,” Sigrid McCawley, an attorney for Lively, said in a statement.The case is set to go to trial in May after mediation failed last month.

Jonathan, the world's oldest living land animal, a 194-year-old giant tortoise, was recently caught in a viral crypto death scam. A fake social media post claiming his death was shared on X, garnering 2 million views and reported as fact by several news outlets, including the BBC. The post, attributed to an impersonator of Jonathan's vet, Joe Hollins, announced the tortoise's 'passing' and requested crypto donations. However, Hollins confirmed that Jonathan is very much alive and that the impersonator was based in Brazil. Jonathan, a Seychelles giant tortoise, has lived on Saint Helena since 1882. He resides on the grounds of the governor's mansion and has become a local celebrity, even appearing on the reverse of St Helena's 5p coin. Despite being blind from cataracts and having lost his sense of smell, Jonathan remains in good health with a strong appetite for bananas. The governor of Saint Helena, Nigel Phillips, shared a photo of Jonathan with an iPad displaying the BBC homepage as proof of life. The scam has caused concern in the small island community of approximately 4,440 people, highlighting the vulnerability of public figures, even those as long-lived as Jonathan, to crypto scams and misinformation.

US President Donald Trump has claimed responsibility for the destruction of Iran's largest bridge, a 136-meter-high suspension bridge connecting Tehran and Karaj. The bridge, valued at $400 million, was struck twice, resulting in eight fatalities and 95 injuries, according to Iranian state media.Trump shared footage of the bridge's collapse on his Truth Social website, boasting that it would 'never be used again.' He also issued a stark warning, stating that there would be 'much more to follow' if a settlement is not reached with Iran.The attack on the bridge is part of a series of confirmed strikes in Iran this week. A day earlier, Trump had threatened to destroy Iran's power plants, potentially leaving millions without electricity. 'We are going to hit each and every one of their electric generating plants very hard and probably simultaneously,' he said during a primetime speech.The conflict between the US and Iran has resulted in significant damage and human suffering. Iran has suffered over 15,000 bombing raids since the start of the war, with at least 1,900 people killed and 20,000 injured, according to the International Red Cross and Red Crescent Societies. Oil prices have surged by 7% to $108 per barrel amid concerns of a wider conflict.UN Secretary General António Guterres has warned that the world is 'on the edge of a wider war' with catastrophic global implications, calling for an immediate end to the fighting.

Prominent Jewish leaders from around the world are calling on Israeli President Isaac Herzog to take immediate action against settler violence in the West Bank. The appeal comes in the form of an open letter signed by over 3,000 individuals, including diplomats, philanthropists, rabbis, and academics from countries such as Australia, Canada, and the US.The letter, facilitated by the London Initiative—a liberal Zionist network of 360 eminent Jewish, Israeli, and Israeli-Palestinian figures—expresses deep concern over the recent surge in attacks by Jewish extremists on Palestinian civilians. These attacks have included killings and arson, sparking international condemnation.The signatories, which include Malcolm Rifkind, the former British foreign secretary, argue that Israel's security forces have the capability to protect Palestinian civilians but have failed to act decisively. They suggest that this inaction implies a lack of directives from the government.The letter, timed to coincide with the Jewish festival of Passover, describes the violence as an abomination and a strategic threat to Israel's future. It claims that the violence is not only morally shameful but also damages the relationship between future generations and Israel.In response, President Herzog's office released a statement saying he shares the conviction that these acts of violence contradict Israel's founding values and the Jewish people's ethical tradition. Herzog has demanded that authorities use all available means to bring those responsible to justice and end the violence.The issue has been a point of contention, with a similar letter sent to Israeli Prime Minister Benjamin Netanyahu in August 2025. That letter, signed by 6,300 Jews worldwide, called for the restoration of humanitarian aid to Gaza and an end to the war there.

Blue Owl Capital, a leading private credit investment firm, has imposed a cap on withdrawals after investors attempted to redeem $5.4bn from two of its key funds. This move comes as a sign of dwindling confidence in the unregulated lending market.The New York-based firm revealed in filings that investors sought to withdraw 21.9% of the $20bn Credit Income Corp fund and 40.7% of its $3bn tech lending fund between January and March.The surge in redemption requests is attributed to growing concerns over potentially risky loans arranged by private credit firms, which operate outside the traditional regulated banking system. These firms are seen as particularly exposed to the AI spending boom.To manage the outflow, Blue Owl will limit withdrawals to 5% of the value of each fund per quarter. The firm stated that this decision was made to balance the interests of both withdrawing and remaining shareholders.Despite the increase in withdrawal requests, Blue Owl emphasized that underlying credit fundamentals across its portfolio have remained resilient. The firm attributed the surge in withdrawals to a period of heightened negative sentiment toward the asset class.The private credit industry has faced growing scrutiny over potentially weak lending standards, following a series of company failures, including Tricolor and First Brands. Regulators and industry experts have warned of potential ripple effects that could impact high street banks.The Bank of England's governor, Andrew Bailey, has cautioned against dismissing recent private credit failures as isolated incidents, citing concerns over transparency and potential risks across the sector.

Social media users in the UK are posting, sharing, and commenting less on tech platforms, driven by the rise of video-oriented apps and fears that online posts could harm their reputation. According to Ofcom, 49% of adult social media users now post, share, or comment, down from 61% in 2024.The proportion of users exploring new websites has also decreased, from 70% to 56%. Joseph Oxlade, senior research manager at Ofcom, cited the popularity of video apps like TikTok and Instagram Reels as a reason for the decline in active use.Concerns about the long-term impact of online posts on personal and professional lives are also a factor. 49% of adults are now concerned about posts causing them problems in the future, up from 43% in 2024. This fear is not unfounded, as historic internet posts have been known to cause embarrassment for public figures.Despite this, social media use remains widespread, with 89% of adult internet users using at least one social media platform. The Ofcom data was based on a survey of 7,500 people across the UK last year over the age of 16.The data also showed that use of AI tools like ChatGPT has increased, with 54% of UK adults using them, up from 31% in 2024. Some users are interacting with AI as if it were a person, using it for tasks like seeking relationship advice or generating creative content.

The global super-rich may have as much as $3.55 trillion hidden away from tax authorities, according to estimates by Oxfam. This staggering amount is more than 3% of global GDP and is likely to be owned by the richest 0.1% of households.Oxfam's latest analysis reveals that total wealth held offshore has increased significantly to $13.25 trillion in 2023. While the share of secretive holdings hidden from tax authorities has fallen since the introduction of a new system of automatic information exchange between jurisdictions in 2016, Oxfam estimates that a substantial amount remains shielded from tax.The charity's lead on tax, Christian Hallum, emphasized that this isn't just about clever accounting, but about power and impunity. When millionaires and billionaires stash trillions of dollars in offshore tax havens, they place themselves above the obligations that bind the rest of society.Oxfam is part of a global campaign to mobilize calls for a global progressive wealth tax, including through negotiations at the UN on a framework for tax cooperation. The charity is also calling for countries in the global south to be included in the Common Reporting Standard – the system that allows for information exchange between jurisdictions.In the UK, Oxfam is urging Labour to implement a wealth tax, with the Green leader in England and Wales, Zack Polanski, suggesting a tax levied annually at a rate of 1% on assets worth more than £10m, and 2% above £100m. The Green party claims this policy would raise about £15 billion a year.

Forecasts indicate that the worldwide secondhand apparel sector will expand by 12% in 2024, reaching $289 bn (£217 bn), buoyed by artificial intelligence tools and social‑media influencers that help consumers locate desired items.Platforms such as Vinted, Depop, Vestige and ThredUp are expected to sustain an average 9% annual growth over the next five years, pushing the market to an estimated $393 bn—roughly double the growth rate of the broader clothing industry.The outlook stems from ThredUp’s latest resale report, which incorporates analysis from GlobalData. In 2021 the market was valued at just $141 bn, meaning the projected 2024 figure is more than double that baseline.Major brands—including Dr Martens, Zara and Mulberry—are now entering the resale space, either by offering pre‑owned pieces or refurbishing items to satisfy rising consumer demand."Resale is no longer merely expanding; it’s capturing direct market share," said James Reinhart, co‑founder and CEO of ThredUp. The report notes that resale now accounts for one‑tenth of global clothing sales, and that the U.S. secondhand market grew nearly four times faster than the overall market by 2025.ThredUp’s own revenue climbed 20% to $310.8 m last year. Depop reported a 42% increase to £101 m, while Vinted posted a 36% rise to €813.4 m (£710 m) in 2024. However, profitability remains elusive: ThredUp posted a $20 m pre‑tax loss, Depop a £42 m loss, and only Vinted turned a profit, earning €76.7 m. Depop was recently acquired by eBay from Etsy.Reinhart warned that rising inflation—spurred by geopolitical tensions that lift energy and fuel costs for manufacturers—could push more shoppers toward affordable secondhand options."The industry stays robust, driven by young consumers' behaviour," he added.Artificial intelligence is streamlining the massive inventories of resale platforms, enabling rapid cataloguing and matching of items to buyer preferences. "Netflix and Spotify spent decades building data and algorithms to recommend content; AI can achieve similar personalization for fashion almost instantly," Reinhart explained, noting that this reduces friction between spotting an item on social media and completing a purchase.Looking ahead, the market’s next phase will be defined by firms that can unlock supply and leverage AI to connect inventory with the next generation of shoppers, according to Reinhart.Analyst Neil Saunders of GlobalData highlighted that consumers aged 14‑45 (Gen Z and millennials) are projected to generate 70% of market growth. He emphasized that discovery tools must migrate to the social feeds where these shoppers spend their time, and that technology will be essential to simplify selling and maintain sufficient stock for expanding demand.