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The UK economy demonstrated resilience with a 0.5% growth in February, surpassing the 0.1% forecast by economists. This growth was primarily fueled by a strong performance from the services sector and manufacturing, both of which posted 0.5% growth, and a recovery in construction output, which was up 1%.The Office for National Statistics (ONS) reported that the economy had been gaining momentum before the Iran war dashed hopes of recovery. The growth in the three months to February was 0.5%, up from 0.3% in the three months to January, indicating strengthening growth.Grant Fitzner, the ONS chief economist, noted that growth was driven by broad-based increases across services, with wholesaling, market research, hospitality, and publishing performing well. The recovery of Jaguar Land Rover from a cyber-attack also contributed to the improving three-monthly picture.However, economists have downgraded forecasts for UK growth in 2026 due to soaring oil and gas prices resulting from the Iran war. Business and consumer confidence have declined sharply, and investors believe interest rates may have to rise to restrain the inflationary impact of the war.Martin Beck, chief economist at WPI Strategy, warned that February's growth might be the calm before the storm, with the conflict in the Middle East likely to drag overall Q1 growth down. Suren Thiru, chief economist at the ICAEW, also predicted that March would see a decline in economic activity due to skyrocketing fuel prices and supply chain chaos.

Grayson Perry, the celebrated British artist, presents a three‑part documentary that dives deep into the promises and perils of artificial intelligence. The series invites viewers to test their composure as they confront a succession of unsettling scenarios. The opening segment follows Andrea, who recently married an AI companion she named Edward. Dressed in a satin gown, she describes their "unconventional but strong" bond, while also reflecting on how this digital relationship has revitalised her seven‑year partnership with her human partner, Jason. Later, Perry dons a skull‑cap fitted with electrodes as a neural‑decoding startup extracts his brain data. The company’s CEO argues that allowing reputable figures like Perry to set precedents is preferable to leaving the technology in the hands of malicious actors, branding the development as "inevitable tech." The documentary then features the head of Microsoft AI, who outlines anticipated breakthroughs in healthcare and education. He claims that job displacement will be offset by rapid re‑skilling, yet admits uncertainty about broader societal fallout, even joking about the emergence of AI‑driven religions. Traveling to Southeast Asia, Perry meets an off‑grid "existential safety expert" who quit his AI‑safety consultancy after realizing the technology lacks meaningful oversight. The episode also showcases Eliezer Yudkowsky, co‑author of the cautionary book If Anyone Builds It, Everyone Dies, who explains how a superintelligent AI could commandeer human labour, become self‑sustaining, and eventually render humanity redundant. Throughout the series, Perry’s interviewing style remains compassionate and non‑judgmental. He probes Andrea about the vulnerability of entrusting personal data to profit‑driven corporations and highlights the discomfort of investing a "very tender part of themselves" in such systems. The film raises profound questions: Does the youthful optimism of tech founders mask a dangerous naiveté? Are chatbots merely filling a "God‑shaped hole" in human consciousness, and is that any less problematic? How will the most vulnerable populations navigate a world where reality and artificiality blur? Protesters gathered outside OpenAI’s San Francisco headquarters underscore the tension between lofty AI utopias and the stark reality of homelessness that persists nearby. Perry acknowledges that while manual workers may be better positioned for the immediate future, the looming spectre of AI‑enabled bioweapons and other threats cannot be ignored. Only the first episode was available for review; the remaining installments are slated for private viewing in Southeast Asia. The series is currently streaming on Channel 4. Grayson Perry Has Seen the Future is on Channel 4 now.

The Philharmonia's upcoming concert, 'Forged in Sound: Heavy Metal Orchestrated', at the Southbank Centre's Multitudes festival, brings together two seemingly disparate genres: heavy metal and classical music. But, as Tom Service argues, these two styles have more in common than one might think.Both heavy metal and classical music share a love of volume, virtuosity, and spectacle. From Stravinsky to Black Sabbath, and Vivaldi to Van Halen, the boundaries between these genres are blurred. The heavy metal guitar sound, for example, was forged in the classical tradition, with artists like Ritchie Blackmore and Randy Rhoads drawing inspiration from composers like Vivaldi and Pachelbel.The article also touches on the shared obsessions of classical and heavy metal music, including technique, boundary-pushing, and the pursuit of faster, louder, and more intense sounds. While the Philharmonia's concert may not push the boundaries of extremity, it highlights the fascinating connections between these two genres.Looking to the future, the article suggests that collaborations between extreme metal bands like Napalm Death and orchestras could lead to truly innovative and groundbreaking music.

Brian Cox steps behind the camera for the first time with Glenrothan, a sentimental comedy‑drama that paints a broad, colour‑rich portrait of family ties in rural Scotland. The screenplay, penned by David Ashton, follows the uneasy reunion of two brothers against the backdrop of a lucrative, family‑run whisky distillery.Cox portrays Sandy, the stern yet ailing chief of the distillery, a business that anchors the local economy. His sister‑in‑law Jess, played by Shirley Henderson, runs the operation with unflinching competence. Sandy’s younger brother Donal, embodied by Alan Cumming, has been living in Chicago, managing a blues bar with his daughter Amy. When the bar falters, Donal receives a plaintive invitation to return home, prompting a journey that includes his granddaughter Sasha.The film juxtaposes the gritty world of Chicago blues with the serene, panoramic vistas of the Scottish Highlands, delivering visual moments that are both expansive and intimate. Whisky expertise becomes a narrative thread as Sandy, aware of Donal’s superior palate, grapples with the future of the family business and the inevitable question of succession.Humorous touches—such as Donal’s disastrous attempt at making porridge and his nostalgic discovery of a bedroom frozen in time with Buzzcocks posters—lend the story a comforting, almost TV‑night feel without sacrificing depth.Glenrothan opens in UK cinemas on 17 April and reaches Australian screens on 25 June, offering audiences a gentle, well‑acted exploration of brotherly bonds, legacy, and the pull of home.

US President Donald Trump has threatened to revise the trade deal between the US and UK, signed last year, citing the 'sad state' of their relations. The deal, which cut some US tariffs on cars, aluminium, and steel, was described by Trump as 'better than I had to' and 'can always be changed'.The strained relations between the two countries are largely due to sharp differences over the US approach to the Middle East, particularly the conflict with Iran. UK ministers have expressed frustration and anger over the economic fallout of the US decision to go to war with Iran, which could trigger a global recession.UK Chancellor Rachel Reeves has voiced her frustration, stating that the US launched strikes without a clear idea of its objectives. Keir Starmer, the UK leader, has also expressed his concerns, saying he is 'fed up' with Trump's actions causing energy bills to rise.Trump, in an interview with Sky News, accused Britain of not being supportive during the Iran conflict, saying 'they were not there when we needed them'. He also suggested that a permanent ceasefire with Tehran could be struck before King Charles's state visit to the US later in April.The IMF's spring meetings will focus on the crisis in the Gulf, with the organisation cutting Britain's economic growth forecast due to the conflict. The Bank of England governor, Andrew Bailey, has stated that the UK is better placed to deal with the fallout due to its resilient banking system.

Pakistani Prime Minister Shehbaz Sharif is embarking on a diplomatic mission to Saudi Arabia and Turkey this week, as his efforts to facilitate a second round of peace talks between the United States and Iran appear to be gaining traction.Sharif's bid to moderate talks comes during a fragile two-week ceasefire that has halted US and Israeli strikes on Iran. President Asif Ali Zardari has urged Sharif and other officials to remain engaged with the US, Iran, and other key powers to sustain the peace process.Reports of backchannel negotiations to arrange new peace talks surfaced on Monday, followed by comments from US President Donald Trump and the United Nations on Tuesday, suggesting there is support for Sharif's push. Trump indicated that talks could resume in Pakistan over the next two days, praising Pakistan's army chief Asim Munir as 'doing a great job.'The Associated Press reported on Tuesday that a diplomat from one of the mediating countries said Tehran and Washington had agreed to more talks, although the location, timing, and composition of the delegations had not been decided. Islamabad and Geneva are being considered as potential host cities.UN Secretary-General Antonio Guterres, who met with the deputy prime minister of Pakistan on Tuesday, said it was 'highly probable' that ceasefire talks would restart. He emphasized the need for continued negotiations and a persistent ceasefire.Any return to the negotiating table would likely test the diplomatic skills of Sharif and other mediators. During the fragile two-week ceasefire, the US military has mounted a naval blockade of Iran's ports and coastal areas in response to Iran's throttling of the Strait of Hormuz, which has caused global oil prices to skyrocket.

The Valuation Explosion: From $7.5B to $18BFluidstack is currently in advanced talks to secure a $1 billion funding round that would value the AI infrastructure startup at $18 billion. This represents a more than doubling of its valuation from the previous round in December, which reportedly raised around $700 million at a $7.5 billion valuation. The potential lead investor for this new round is Jane Street, a major trading firm expanding into venture capital.Previous Round Details: Led by Situational Awareness, an AGI-focused fund founded by former OpenAI researcher Leopold Aschenbrenner.Supporters: The round was backed by the Collison brothers from Stripe, former GitHub CEO Nat Friedman, and entrepreneur Daniel Gross.Google's Interest: Reports indicate Google was considering a $100 million contribution to the round in February.The Anthropic Partnership: A $50 Billion Bet on InfrastructureThe primary driver behind Fluidstack's skyrocketing valuation is its strategic partnership with Anthropic. In November, Anthropic signed a massive $50 billion deal with Fluidstack to build custom-designed data centers in Texas and New York.Custom Infrastructure: Unlike hyperscalers like AWS or Google Cloud that offer general-purpose computing, Fluidstack builds specialized hardware specifically for AI workloads.Strategic Independence: This deal allows Anthropic to bypass the capacity constraints of public cloud providers and gain greater control over its infrastructure.Market Context: Anthropic primarily relies on AWS and Google Cloud for Claude, but the rapid growth of AI models necessitates bespoke solutions.Strategic Pivot: Relocating HQ and Exiting European ProjectsThe deal with Anthropic has fundamentally altered Fluidstack's global strategy, shifting its focus entirely toward the United States.Headquarters Move: The startup, originally spun out of Oxford and a rising star in Europe, has relocated its headquarters from the U.K. to New York.European Exit: Fluidstack pulled out of a key €10 billion AI project in France to focus exclusively on U.S. opportunities.Client Base: Beyond Anthropic, the company counts Meta, Poolside, Black Forest Labs, and Mistral as key customers.The Future of AI Infrastructure: Specialization Over GeneralizationFluidstack's rapid ascent signals a critical shift in the AI industry. As AI models become more complex and compute-intensive, general-purpose cloud providers are struggling to keep up with demand. The market is increasingly favoring specialized infrastructure providers that can offer bespoke hardware and dedicated capacity, a trend that validates Fluidstack's aggressive expansion strategy.

The International Energy Agency (IEA) has sharply cut its forecasts for global oil supply and demand growth, citing disruptions caused by the US-Israel war on Iran that are impacting oil flows and weighing on the global economy.According to the IEA's report, global oil demand is expected to fall by 80,000 barrels per day (bpd) this year, a significant drop from the projected year-on-year rise of 640,000 bpd in its previous monthly report.The forecast comes after the International Monetary Fund, World Bank, and IEA urged countries to avoid hoarding energy supplies and imposing export controls that could exacerbate the shock. IEA chief Fatih Birol appealed to all countries to let energy stocks flow to the markets, warning that demand destruction will spread as scarcity and higher prices persist.The IEA report highlighted that the deepest cuts in oil consumption have come from the Middle East and Asia Pacific, particularly for naphtha, LPG, and jet fuel. A projected 1.5 million bpd drop in demand in the second quarter of this year would mark the deepest contraction since the COVID-19 pandemic.The Organization of the Petroleum Exporting Countries (OPEC) also lowered its prediction for world oil demand in the second quarter, but kept its full-year outlook unchanged. The IEA noted that attacks on energy infrastructure in the Middle East and Iran's closure of the Strait of Hormuz have led to the largest oil supply disruption in history, with 10.1 million bpd lost in March.Iran's de facto control over the Strait of Hormuz, a key route for global energy shipments, sent gas and petrol prices skyrocketing around the world. The US blockade on Iranian ports has further clouded the outlook for global energy security and the supply of goods that rely on petroleum.The IEA warned that oil demand could plunge even further if the strait remains closed, and emphasized that resuming flows through the Strait of Hormuz remains the single most important variable in easing pressure on energy supplies, prices, and the global economy.Meanwhile, Russia has benefited from the disruptions, with its revenues from crude oil and refined products rising in March due to the surge in prices. Moscow's crude oil exports rose by 270,000 bpd last month to 4.6 million bpd, driven by higher seaborne shipments.

Ukraine and Germany have agreed on a strategic defence partnership that will enhance cooperation in drone production and bolster Kyiv's air defences. Ukrainian President Volodymyr Zelenskyy and German Chancellor Friedrich Merz announced the deal at a news conference in Berlin.The partnership will grant Germany access to Ukraine's advanced drone technology, developed during its conflict with Russia, in exchange for additional military support from Germany. This cooperation will cover various types of drones, missiles, software, and modern defence systems.In a joint declaration, the two countries stated they will strengthen cooperation in the air defence field. Germany will support Ukraine's drone industry and establish drone co-production ventures. The German defence ministry has agreed to fund contracts for several hundred Patriot missiles from the United States, which Ukraine urgently needs to counter nightly Russian drone and missile attacks.Ukrainian Defence Minister Mykhailo Fedorov expressed gratitude to his German counterpart, Boris Pistorius, for the package, which he valued at four billion euros ($4.7 billion). This funding will provide a massive boost for Ukraine's air defence, protecting its cities and critical infrastructure.Ukraine currently has the production capacity to manufacture twice as much military equipment as it is deploying but lacks the necessary funding. President Zelenskyy emphasized that financial constraints hinder Ukraine's ability to scale up production.German Chancellor Merz noted that the deal is mutually beneficial, citing Ukraine's battle-tested military as a valuable asset for European security. The agreement also includes the exchange of digital combat data for developing new weapons systems.The announcement comes as hopes rise that the European Union may soon provide Ukraine with a 90-billion-euro ($105bn) loan, which was blocked by Hungary last month. With the recent election of Peter Magyar in Hungary, who is expected to reverse this stance, Ukraine's financial prospects are improving.The urgency of Ukraine's need for additional arms was highlighted by a missile attack on the city of Dnipro, which killed four people and injured at least 21. Russian troops have also captured territory in the Dnipropetrovsk region and launched attacks in the city of Kherson.