Breaking AI & Tech News Analyzed

Manila, Philippines, is experiencing a rare phenomenon - empty streets. For years, the city's transport congestion has been notorious, ranking worst globally in 2024, according to the TomTom traffic index. However, a 26km drive from the Manila airport to the Quezon City Hall now takes just 45 minutes, instead of the typical two hours, according to Google Maps.The reason behind this sudden change is the surge in fuel prices following the United States and Israel's joint military operation against Iran almost a month ago. This has resulted in a significant decrease in vehicular traffic, with fewer buses, jeepneys, and ride-hailing vehicles plying the streets.The impact is being felt by vendors and transport workers, such as Ruben, a 27-year-old parking attendant, who earned less than half his usual collection on a typical Wednesday. Emily Ruado, a 59-year-old paper napkin vendor, also reported a decline in her daily income from $10 to $5.The financial difficulties faced by individuals like Ruben and Emily reflect a bigger headache for the Philippines, as worries of a sharp increase in prices of basic goods and sudden loss of employment for thousands of people could quickly lead to a stagnating economy. The country's GDP growth rate of 5 percent is now becoming more unlikely.The surge in fuel prices has also exposed the acute insufficiency of Manila's limited railway network, with commuters swelling during rush hour at metro stations. This highlights the need for improved infrastructure and the multibillion-dollar infrastructure corruption scandal still roiling the country.

Germany's Autobahn, the world's only democracy without a blanket speed limit on motorways, has long been a symbol of freedom and technological mastery for driving enthusiasts. Lutz Leif Linden, president of the Automobile Club of Germany (AvD), has reached speeds of 400km/h (249mph) on the road, describing the experience as 'like an airplane.'The country's love affair with fast cars dates back to the late 1800s, with Carl Benz patenting the first 'vehicle powered by a gas engine'. The success of the German car industry, which created jobs, gave citizens freedom to travel, and brought in tax revenues, has cemented motorized vehicles in the national psyche.Despite the International Energy Agency (IEA) urging drivers to slow down to cushion the price shock from the biggest blow to oil supply in history, Germans remain opposed to a blanket speed limit. Public opinion has shifted, with a majority supporting the Tempolimit among voters of all big parties except the far-right Alternative für Deutschland and the market-liberal Free Democrats.Researchers have made the case for slowing down in terms of money, fuel, and lives. A study found a speed limit of 130km/h would lead to nearly €1bn a year in societal benefits, cut greenhouse gas emissions from road transport by 2.2%, and reduce toxic air pollutants. However, opponents argue a blanket ban is unnecessary and cite the time saved over long distances and the appreciation of freedom to set their own speed.The industry has found itself in a crisis as high energy prices and competition from China on electric vehicles have resulted in factory closures and job losses. Germany led efforts to water down an EU ban on the sale of combustion engine cars from 2035. A spokesperson for VDA, Germany's biggest car lobby, described the climate impact of a blanket speed limit as 'minimal' and 'increasingly insignificant' as the car fleet becomes more electrified.

Meta, the world's most powerful social media company, has faced a severe public reckoning in recent days, with juries in California and New Mexico delivering back-to-back verdicts that hold the company liable for harming young people. This marks a significant shift in accountability for social media companies, which have long operated with minimal regulation and few consequences in the US.In the California case, a jury ordered Meta and YouTube to pay $6 million in damages over claims that they deliberately designed addictive products to hook young users. The following day, a jury in New Mexico ordered Meta to pay $375 million in damages over claims that its products led to child sexual exploitation, among other harms.These verdicts are the first to go to court, and they set a precedent for over 2,000 plaintiffs, including families, school districts, and state attorneys general, who have brought lawsuits against Meta, YouTube, TikTok, and Snap. The cases borrow from a familiar playbook, echoing those brought against big tobacco companies in the 1990s, which focused on cigarettes' addictive qualities and their makers' public denials despite knowledge of their products' harms.Lawyers for the plaintiffs argue that social media companies have profited from targeting children while concealing their addictive and dangerous design features. The verdicts signal that public perception of social media and its makers is shifting, with jurors now laying blame on the business practices of a multi-trillion-dollar industry.Meta and YouTube have both said they disagree with the verdicts and will appeal. However, the rulings mark a significant turning point in the growing scrutiny of social media companies and their impact on young people.The cases are part of a broader effort to challenge tech companies' practices, with online safety advocates urging Congress to pass regulation, forming coalitions of parents, teens, and advocates, and bringing thousands of lawsuits front and center. The goal is to force social media companies to redesign their products and do more to protect children online.

Wales and Ireland's hopes of qualifying for the World Cup were dashed on Friday as both teams suffered defeats in their playoff semi-finals. Wales lost to Bosnia and Herzegovina, while Ireland was beaten by the Czech Republic. The losses mean both teams will not feature in the upcoming World Cup, with Ireland facing a minimum of 28 years between appearances.The double-screening pain was palpable for fans, with both matches featuring penalty shootouts that ended in heartbreak. Dan James gave Wales the lead against Bosnia and Herzegovina, but they ultimately lost in a shootout. Ireland, on the other hand, went 2-0 up inside 23 minutes against the Czech Republic but also ended in defeat.The losses have left both teams facing a long wait for their next World Cup appearance. For Ireland, it will be a minimum of 28 years, while Wales' wait continues after their last appearance in 2022. The teams will now face friendlies, with Wales set to host Northern Ireland.In other news, Roy Hodgson's return to management with Bristol City has been hailed as 'sensational'. The 78-year-old former England manager has decided to have another crack at it after leaving Crystal Palace.Meanwhile, Iran's men's team paid tribute before their friendly against Nigeria by holding school bags in memory of the victims of a school bombing in Minab, southern Iran, which killed between 175 and 180 people, most of them girls between the ages of seven and 12.

The UK government's borrowing costs have risen above 5% amid an intensifying global bond market sell-off fueled by the Iran war. The yield – or interest rate – on 10-year debt hit its highest level since the 2008 financial crisis, rising 13 basis points to 5.081%, as investors acted on concerns about the economic fallout from the conflict.Borrowing costs also rose for the US and eurozone governments, underscoring growing turbulence in the global financial system after Donald Trump's extension of a deadline for a peace deal failed to soothe jittery investors. Financial markets worldwide slumped on Friday, extending falls seen since the outbreak of the war, with losses in London and across major US and EU trading hubs. The price of Brent crude remained above $110 a barrel.Kathleen Brooks, the research director for the UK at the financial trading platform XTB, said: “Markets feel more panicky this week, and Friday’s price action suggests that investors are losing faith in Donald Trump’s ability to end this war and reach a deal with the Iranians.”Economists have warned that the Bank of England could be forced to take a tough approach to tackling inflation after losing some of its credibility by underestimating the leap in inflationary pressures in 2022. The increase in borrowing costs will add to the challenges facing Rachel Reeves, the chancellor, amid pressure on Labour to provide a package of financial support for households already reeling from a cost of living crisis.

Ryan Murphy's drama series 'Love Story' has become Disney+'s most-streamed drama ever, captivating audiences worldwide with its schlocky, glossy portrayal of the doomed marriage between John F Kennedy Jr and Carolyn Bessette. The series, which consists of nine episodes, tells the story of the couple's whirlwind romance and tragic fate.The show's success can be attributed to its unique blend of camp nostalgia, paparazzi exposure, and cultural symbolism. According to TV critic Scott Bryan, Murphy's formula for success involves targeting subjects with tragic backstories and workable legal margins, which in practice means the longer they have been dead, the smoother the adaptation.The series begins as a Cinderella romance between a Kennedy scion and a Calvin Klein publicist who became the most famous and scrutinised couple in the US – and evolves into a lesson in what happens when marriage becomes a form of branding. The show's relatability factor also lies in its portrayal of universal dating themes, great hair, and a wardrobe full of Prada and Kangol caps worn backwards.Social media searches for JFK Jr and Bessette grew by more than 9,100% in the past month, according to FX, which created the show. The show's success has also sparked speculation about Murphy's next subject, with names like Brad Pitt and Jennifer Aniston, John Lennon and Yoko Ono, and Liz Taylor and Richard Burton being floated on social media.The show's impact can be seen in its ability to resonate with audiences, particularly Gen Z women, who have connected with the show's themes of relationships, style, and tragedy. As Bryan noted, 'Love Story' is 'unapologetically schmaltzy' and doesn't try to be anything more than a show that looks the part, making it a refreshing change from the usual prestige television dramas.

Lloyds Banking Group has suffered a significant data breach, exposing personal information of nearly 500,000 customers. The incident occurred due to an IT glitch in its mobile banking apps, which allowed some users to view others' account details, national insurance numbers, and payment references. The glitch, caused by a software defect introduced during an IT update on March 12, potentially affected up to 447,936 customers. Approximately 114,182 people ended up clicking into transactions that revealed sensitive information. Lloyds reported the incident to the Financial Conduct Authority and the Information Commissioner's Office within the required 72 hours. The bank has assured that there is currently no evidence of misuse or malicious activity. The incident raises concerns about customer protections in the digital banking era, especially as banks continue to close branches and push users towards online services. Lloyds has paid £139,000 to compensate 3,625 customers for distress and inconvenience, although no financial losses were reported. The Treasury committee chair, Meg Hillier, emphasized the trade-off between convenience and security in modern banking, stating that consumers must understand the risks associated with online interactions. Lloyds will provide further updates on the incident to the committee in April and September, and is committed to addressing its responsibilities towards affected customers.

The recent developments in the conflict between the US and Iran have left global markets reeling. President Donald Trump's threat to attack Iran's civilian power infrastructure led to a surge in oil prices, a plummet in stock futures, and a climb in bond yields. However, the president quickly walked back his statement, announcing that talks with Iran were going well. This move, dubbed 'Taco' (Trump Always Chickens Out), was first seen during the tariffs crisis last year. The immediate market reaction was significant, with bonds and stocks recovering rapidly after Trump's statement. The S&P; 500 stock index jumped 1.5% by 9:30 am in New York, defying earlier futures contracts that signaled a 1% daily decline. However, Iran's response has shown that Trump's tactic may be losing steam. Iranian officials denied the 'productive conversations' Trump claimed had taken place, and launched missile attacks on Israel, Iraq, and other American allies in the Gulf. This has led to renewed market volatility, with oil prices rebounding and stocks giving up their gains. The article suggests that Trump no longer has control of events in Iran and that the conflict's outcome will likely be decided by Tehran. The Iranian regime has little incentive to back down, having already suffered significant losses but still capable of imposing enormous costs on the world by throttling the Strait of Hormuz and depriving the global economy of 12.5 million barrels of oil and 11.5 billion cubic feet of gas per day. As markets continue to react to the situation, it appears that Trump's 'Persian Tacos' may not be enough to calm investor nerves. The S&P; index lost 1.78% on Thursday, closing at a new low for the year, and the price of Brent crude hovered around $108.

Mark Dorsey, a 35-year-old resident of East Oakland, works two jobs to make ends meet, often relying on minimum wage or close to it. The current minimum wage in Oakland is $17.34 an hour, higher than California's $16.90 an hour, but still insufficient for Dorsey.Dorsey is part of a campaign to almost double California's minimum wage to $30 an hour by 2030. A similar initiative has been tabled in New York City, backed by Mayor Zohran Mamdani.The initiatives face opposition from business interests, but have widespread public support. The federal minimum wage has remained at $7.25 an hour since 2009.The Oakland and Alameda Living Wage for All campaign has filed two ballot initiatives for the November 2026 ballot to increase the minimum wage in Oakland and Alameda county to $30 an hour by 2030 for large employers.Zach Norris, co-executive director of the Black Organizing Project, emphasizes that the ballot initiatives are also racial justice issues, as Oakland has seen a 46% decline of Black residents since 2000.In New York City, Councilor Sandy Nurse has introduced a bill to increase the minimum wage to $30 an hour by 2030 for large employers, with small businesses given more time to adapt.The Economic Policy Institute projects that 1.68 million New York City residents, 36.7% of the city's wage-earning workforce, will earn less than $30 an hour by 2030.Business groups have voiced opposition, but a 2023 study found that minimum wage increases do not result in job losses or small business closures.