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News Mar 31, 2026

Trump Considers Shifting Iran War Costs to Arab Allies, Reviving Gulf‑War Funding Playbook

White House officials say President Trump is exploring a plan to ask Arab nations to finance the U.…
President Donald Trump is reportedly weighing a request for Arab countries to fund the U.S.–Israel war on Iran, White House spokesperson Karoline Leavitt told reporters on Monday. Leavitt said the president is "quite interested" in calling on regional partners to share the expense.The idea mirrors the financing arrangement of the 1990‑91 Gulf War, when a coalition of Arab and Western nations covered roughly 88% of the $61 billion cost, leaving the United States to foot only about 12%.Trump also hinted that, even if the Strait of Hormuz remains closed, other export‑dependent partners should manage the crisis. The strait carries about 20% of the world’s oil and LNG shipments; its shutdown has pushed Brent crude to **$116 per barrel**, up from pre‑war levels near **$65**.Iran, meanwhile, has demanded that the United States pay reparations to Iranian victims as a precondition for any cease‑fire.So far, there is no clear commitment from Gulf Cooperation Council (GCC) members—countries that have themselves been hit by Iranian strikes—to finance the conflict. Analysts estimate the total bill could run into tens of billions of dollars, though exact figures remain uncertain.Experts note a shift in regional attitudes: GCC states opposed the war before it began and continue to call for diplomacy, according to Zeidon Alkinani of the Arab Perspectives Institute. He added that Israel appears to be the primary driver pushing the United States into the confrontation.History shows the United States has repeatedly sought external funding for wars it leads. During the Gulf War, Saudi Arabia contributed $16.8 billion (27% of total costs) and Kuwait $16 billion (26%). Japan, Germany, the UAE and South Korea also supplied sizable sums.Post‑World War II, the U.S. administered the Marshall Plan, providing over $13 billion to rebuild Europe, while Germany and Japan paid reparations and later funded the upkeep of U.S. bases—about $1 billion annually each.In the ongoing Ukraine war, the United States once delivered the largest aid package—€114.64 billion (≈$134 billion) by mid‑2025. Since Trump returned to office in 2025, he has withdrawn **99% of U.S. support**, shifting the financial load to European allies and turning the U.S. into a major arms supplier, with weapons sales reaching a record **$318.7 billion in 2024**. Recent deals, such as a $10 billion weapons package for Ukraine financed by European partners, illustrate this new model.These precedents underscore a pattern: when U.S. leadership faces costly overseas engagements, it often looks to allies—especially those with strategic interests—to share or assume the fiscal burden.
#war #ukraine #germany
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Politics Mar 31, 2026

Israel's Contentious Death Penalty Law for Palestinians Sparks International Outrage

The Israeli parliament has approved a law applying the death penalty to Palestinians convicted of d…
The Israeli parliament's approval of a legislation seeking the death penalty for Palestinians convicted of deadly attacks has stoked fears among Palestinians and drawn condemnation from the international community. The law, which does not apply to Jewish citizens of Israel, has been met with jubilation among its backers in the country's far right.France, Germany, Italy, and the United Kingdom have all raised concerns over the overtly racist nature of the bill, whose wording appears to exclusively target Palestinians. Rights groups have also criticized the bill, with Amnesty International saying it would make the death penalty 'another discriminatory tool in Israel's system of apartheidThe law targets Palestinians by limiting its application to military courts that only try Palestinians under occupation. Under the new legislation, anyone found guilty of killing an Israeli citizen within the occupied West Bank will, by default, be sentenced to death by the military courts. In contrast, Israeli settlers who kill Palestinians in the occupied West Bank are tried in civilian courts in Israel and have not been prosecuted since the start of this decade.Critics argue that the law is discriminatory by design and that lawmakers have no legal authority to impose it on Palestinians living in the occupied West Bank, who are not Israeli citizens. The Association of Civil Rights in Israel has taken the matter to Israel's highest court, arguing that the measure undermines Israel's commitments to democratic principles.Human rights groups have long argued that the legal systems applying to Palestinians and Israeli settlers in the West Bank are fundamentally unequal, enabling discriminatory detention practices and selective enforcement of laws. Approximately 9,500 Palestinians are currently detained in Israeli prisons under harsh conditions, with about half held under administrative detention or labeled 'unlawful combatants,' denied trial and unable to defend themselves.
#Israel #Knesset #Palestinian Authority
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Politics Mar 31, 2026

US Airport Lines Shorten as TSA Workers Receive Back Pay

Airport security lines in the US are shortening after President Donald Trump signed an emergency di…
Airport security lines across the United States are significantly shortening following President Donald Trump's emergency directive to pay Transportation Security Administration (TSA) workers. This development comes after weeks of lengthy delays at security checkpoints nationwide. At major airports such as New York's John F. Kennedy (JFK) International Airport, wait times have dropped to under 30 minutes. Similar improvements have been observed at Houston's George Bush Intercontinental Airport and Baltimore's Thurgood Marshall Airport. Despite this temporary relief, over 500 TSA officers have left the agency since the recent government shutdown, according to data shared by the TSA. This exodus highlights the ongoing challenges faced by the agency due to recurrent funding lapses. “The bigger issue is that this is the third time in six months that TSA has gone through a funding lapse,” noted Eric Chaffee, a professor at Case Western Reserve University School of Law. “Every time this happens, the agency loses experienced staff, and it becomes harder to attract new ones.” While TSA workers are set to receive their back pay, with Homeland Security Secretary Markwayne Mullin stating that payments would begin as early as Monday, the sector still faces instability. On Friday, 10.59% of TSA agents called out on Saturday and 12.35% on Friday, according to the Department of Homeland Security. The ongoing partial US government shutdown, now in its 45th day, continues to impact negotiations in Congress. Despite House Republicans voting to fully fund DHS for 60 days, the bill was met with resistance from Senate Minority Leader Chuck Schumer, who deemed it “dead on arrival.” In the financial markets, US airline stocks continue to decline, with United Airlines down 2.4%, Delta down 1.5%, American Airlines down 0.4%, and Southwest down 1.9% in midday trading.
#Donald Trump #TSA #Department of Homeland Security
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Politics Mar 31, 2026

Pentagon Denies Claims of Insider Investment in Defense Companies Before Iran War

The US Department of Defense has denied a report alleging that a broker for Defense Secretary Pete …
The United States Department of Defense has strongly denied allegations that a broker for Defence Secretary Pete Hegseth attempted to make a large investment in weapons companies in the run-up to the war on Iran. The denial comes after a report by The Financial Times claimed that a wealth manager for Hegseth contacted BlackRock about making a multimillion-dollar investment in a defence-related fund.Pentagon spokesman Sean Parnell demanded the immediate retraction of the report, stating that the allegations were 'entirely false and fabricated.' He emphasized that neither Secretary Hegseth nor any of his representatives approached BlackRock about any such investment.The proposed investment was reportedly in an exchange-traded fund whose holdings include Lockheed Martin and Northrop Grumman. However, according to The Financial Times, the investment did not go ahead because the fund was not yet available for purchase at the time.The report has sparked scrutiny of well-timed trades in financial and prediction markets, fueling speculation that figures with insider knowledge may be profiting from US President Donald Trump's war plans.Despite the denial, the incident has raised concerns about the integrity of defence-related investments and the potential for insider trading.
#Pentagon #Pete Hegseth #Lockheed Martin
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Business Mar 31, 2026

OpenAI Secures $122 Billion in Funding, Valued at $852 Billion

OpenAI, the maker of ChatGPT, has closed a $122 billion funding round, achieving a valuation of $85…
OpenAI, the company behind the popular AI chatbot ChatGPT, has announced that it has successfully closed a massive $122 billion funding round. This significant investment has propelled the company's valuation to an impressive $852 billion, solidifying its position as one of the most highly valued private companies globally. The funding round, which is one of the largest in Silicon Valley's history, saw participation from tech giants such as Amazon, Nvidia, and SoftBank, which committed $110 billion. A select group of individual investors also contributed approximately $3 billion to the round. This substantial influx of capital comes as OpenAI prepares for a potential initial public offering (IPO) later this year, one of the most anticipated public listings in decades. Despite the positive news, OpenAI faces numerous challenges, including lawsuits, competition from rival AI firms, and public distrust. The company is also dealing with questions over the sustainability of the AI boom and its ability to deliver on its ambitious promises. OpenAI's CEO, Sam Altman, and the company will be involved in a closely watched trial in April, as Elon Musk sues OpenAI, alleging a breach of a founding agreement. In a blog post, OpenAI touted the funding round as a testament to its promising future and the legitimacy of its technology. The company aims to build a 'unified AI superapp', centralizing ChatGPT, coding products, web browsing, and AI agents. OpenAI currently generates $2 billion a month in revenue but faces significant financial challenges, with internal forecasts indicating that it may not become profitable until 2030.
#OpenAI #ChatGPT #Amazon
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Politics Mar 31, 2026

Chris Rokos Pledges Record £190 million to Cambridge for New School of Government

British billionaire Chris Rokos has committed a historic £190 million to the University of Cambridg…
British hedge‑fund billionaire Chris Rokos has announced a £190 million endowment to the University of Cambridge to create a new, eponymous school of government. The pledge, comprising an initial £130 million and a further commitment of up to £60 million that the university will match, is believed to be the largest single donation ever made to a UK university. The Rokos School of Government is slated to open in temporary facilities this autumn, offering PhD and master’s programmes focused on public policy, leadership and governance. In the longer term it will relocate to a purpose‑built campus within Cambridge’s West Innovation District, positioning itself as a direct rival to Oxford’s Blavatnik School of Government, which was launched in 2010 with a £75 million gift. Rokos, 55, rose from a state primary school to a scholarship at Eton and a mathematics degree at Oxford before co‑founding the hedge fund Brevan Howard and later establishing Rokos Capital Management, which now employs over 350 staff. He is listed on the Sunday Times Rich List with an estimated net worth of £2.6 billion and is among the UK’s biggest taxpayers. Speaking about the donation, Rokos said, "I was fortunate to be given an education that transformed my life, and I would like to give something back to Britain. My hope is that, in time, the influence of the Rokos School of Government across the world becomes an important element of that soft power, which has been a great asset to the UK." University officials framed the new school as a response to “growing turbulence in domestic and international politics, increasing polarisation of political opinion, and long‑term structural changes in the economy.” The institution aims to provide a “unique forum for radical and remarkable thinking,” leveraging Cambridge’s tradition of scientific innovation and interdisciplinary collaboration. Vice‑chancellor Prof. Deborah Prentice added, "Tackling the enormous challenges facing our world requires radical new ways of thinking and approaches to leadership. Cambridge’s strengths across all disciplines and its convening power make it uniquely positioned to drive this innovation. Thanks to Chris’s generous support, the Rokos School will become a place where current and future leaders, together with experts from across our institution, generate the insights and solutions needed for a rapidly changing world." The school’s establishment also reflects a broader trend of private wealth shaping public‑policy education in the UK, echoing similar high‑profile gifts such as Leonard Blavatnik’s £75 million donation to Oxford. By creating a dedicated hub for governance studies, Rokos hopes to cement Cambridge’s role as a training ground for future world leaders and to reinforce Britain’s international influence. Rokos Capital Management recently made headlines when talks to appoint former UK ambassador Peter Mandelson as an adviser were terminated following renewed scrutiny of the Epstein scandal, underscoring the complex interplay between finance, politics and public perception. The £190 million endowment not only marks a milestone for UK higher‑education philanthropy but also signals a strategic investment in the development of policy expertise that could shape global governance for decades to come.
#Chris Rokos #University of Cambridge #Rokos School of Government
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Business Mar 31, 2026

Unilever’s $44.8 bn Food Merger with McCormick Triggers 7% Share‑price Fall

Unilever is merging its $12 bn food arm with US condiment maker McCormick in a $44.8 bn deal that p…
Unilever’s latest strategic move pairs its food portfolio – home to brands such as Hellmann’s, Knorr and Marmite – with US condiment specialist McCormick in a deal valued at $44.8 bn. While the transaction will deliver $15.7 bn in cash to Unilever, the bulk of the consideration is equity‑based, giving Unilever shareholders a 55% stake in the enlarged McCormick and leaving Unilever itself with a modest 10% holding. The structure marks a departure from Unilever’s recent clean‑break divestitures, such as the outright sales of its Flora spreads and Lipton tea businesses and the spin‑off of its ice‑cream division (including Ben & Jerry’s) last year. Instead, investors now face a complex share‑exchange that ties their fortunes to a company that will assume significant debt to fund the acquisition. CEO Fernando Fernández framed the transaction as “another decisive step in sharpening our portfolio”, yet market reaction was swift: Unilever’s share price slid 7% on the announcement. The decline underscores investor scepticism that the merger will unlock genuine value. From a financial perspective, Unilever’s food arm contributes annual sales of $12 bn – outpacing McCormick’s $8 bn – and enjoys higher growth (2.7% vs 2%) and superior margins (24% vs 17%). These metrics suggest Unilever could have retained a more profitable segment rather than ceding control to a partner with weaker performance indicators. Critics argue that the combined entity will be a sprawling conglomerate of global powerhouses like Hellmann’s and Knorr alongside niche brands such as French’s mustard and Old Bay seasoning. The anticipated synergies, described by McCormick’s Brendan Foley as “maximal adjacency” and “end‑to‑end flavour experiences”, remain unproven, especially given the modest cash component and the dilution of Unilever’s ownership. Ultimately, the success of the merger hinges on whether the new food business can generate growth that justifies the equity swap and the added debt burden. For now, the market’s 7% share‑price dip reflects a cautious outlook on the promised “trapped value” that Unilever hopes to unlock.
#Unilever #McCormick #Food Merger
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World Mar 31, 2026

UN rights chief warns Israel's new death‑penalty law for Palestinians could breach international law and amount to a war crime

The UN high commissioner for human rights says Israel’s recently passed law that imposes the death …
The Israeli Knesset approved a bill on Monday that makes the death penalty the standard sentence for Palestinians found guilty of terrorism‑related murders in the occupied West Bank, while excluding Jewish extremists from the same punishment. Volker Türk, the UN high commissioner for human rights, warned that the law is "patently inconsistent" with Israel’s obligations under international law and could constitute a war crime when applied to residents of the occupied territories. Türk stressed that the proposal raises “serious concerns about due‑process violations” and is “deeply discriminatory,” urging the Israeli government to repeal it without delay. He added that its selective application would amount to “an especially egregious breach of international law.” European officials have joined the criticism. An EU spokesperson described the bill as “a clear step backwards” and highlighted its discriminatory nature. Spanish Prime Minister Pedro Sánchez called the measure “asymmetric” and likened it to a move toward apartheid, while Germany’s foreign ministry said it could not endorse a law that “rejects the fundamental principle of opposing the death penalty.” The legislation stipulates that anyone sentenced to death will be held in a separate facility, barred from family visits, and allowed legal counsel only via video link. Executions are to be carried out within 90 days of sentencing, with hanging identified as the method of execution. The bill also removes the requirement for a prosecutor’s request and permits a simple majority vote in military courts to impose the death sentence. Israel has applied capital punishment only twice since its establishment, most recently in 1962 when Adolf Eichmann was executed. The bill’s strongest political backer, National Security Minister Itamar Ben‑Gvir, has publicly displayed a noose‑shaped lapel pin, symbolising the proposed executions. Human‑rights organisations have warned that the law entrenches a two‑tiered justice system. Adam Coogle of Human Rights Watch said the measure “entrenches discrimination and a two‑tiered system of justice, both hallmarks of apartheid,” while Oxfam’s Shaista Aziz warned that it “effectively ensures that the death penalty will apply only to Palestinians, even as the occupation sees a surge in violence against them.” Within Israel, the bill faces legal opposition. Several human‑rights groups and three Knesset members have filed petitions with the Supreme Court, arguing that the law creates parallel legal tracks that target Palestinians and should be struck down on constitutional grounds.
#law #death #penalty
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Technology Mar 31, 2026

UK Science Funding in Jeopardy: Experts Warn of Long-Term Consequences

Experts warn that the UK's approach to science funding, particularly in quantum computing and parti…
The UK's position in quantum computing has been hailed as a success story of long-term investment in fundamental science. However, the current approach to science funding, particularly by UK Research and Innovation, has raised concerns among experts. The abrupt discontinuation of the Quantum Technologies for Fundamental Physics initiative has resulted in the loss of dozens of early-career researchers trained in a strategically important area. Moreover, there has been no clear vision for what replaces it, nor any meaningful consultation on how such crucial cross-disciplinary programmes should be organised. A similar disconnect is emerging in artificial intelligence, where many techniques driving impact were developed and deployed in fundamental research communities, such as particle physics. Undermining this base risks cutting off the pipeline of ideas and skills that the wider economy depends on. Experts stress that if the UK is serious about long-term leadership, prioritisation must be done with care, transparency, and a credible plan for sustaining the full ecosystem, from fundamental science through to application. Prof Ruben Saakyan, chair of the STFC particle physics advisory panel, emphasises the need for a well-thought-out strategy. Dr Simon Williams also highlights the importance of sustained investment in people and fundamental science, stating that ambition in quantum computing cannot succeed without it. Prof Sheila Rowan, director of the Institute for Gravitational Research, points out that the PPAN area is a training ground for expertise in various engineering and technical skills, which are in short supply and crucial for driving a bright future in quantum computing and quantum technology.
#quantum #science #fundamental
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