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New Yorkers received an early Christmas present last week when Stefan Pildes, the organizer of SantaCon in New York City, was arrested on Wednesday morning and charged with wire fraud. Pildes allegedly used hundreds of thousands of dollars from event-based charitable donations on his personal expenses, such as luxe vacations and “extravagant meals”, according to Manhattan federal prosecutors. The news of Pildes' indictment sparked a humorous reaction on social media, with many New Yorkers expressing schadenfreude and relief. “LMAO” – internet slang for “laughing my ass off” – was one response, and “ahahahahahahahahahahaha” was another. The event, which has been associated with debauchery and chaos in the city, has long been a source of frustration for many residents. According to allegations in the indictment, Pildes sold tickets for $10 to $20 that granted access to SantaCon-sanctioned venues and received up to a 25% cut of participating bars’ sales. He repeatedly represented that these proceeds went to charity and claimed he didn’t receive any money from SantaCon or related entities. However, prosecutors allege that Pildes diverted more than half of the $2.7m in proceeds from 2019 to 2024 to an entity he controlled, using the funds freely to finance various personal ventures. The Manhattan borough president, Brad Hoylman-Sigal, told the Guardian: “I’m not surprised about the charges, but I am surprised that it took so long for someone, for a prosecutor, to look under the hood of this organization.” He also noted that he has been working to get SantaCon to follow community guidelines since 2013. Pildes appeared in federal court, where he entered a not guilty plea to one wire fraud count – which carries a maximum 20-year prison sentence. He was released on a $300,000 bond, with the condition that he have “no involvement … in the promotion or organizing of the event called SantaCon”. As he left court, Pildes was met by a throng of reporters eager for answers about the alleged SantaCon scam, but he did not respond to questions.

France and the United Kingdom are convening dozens of countries to advance plans for a multinational maritime force to secure the Strait of Hormuz, a critical waterway that has been closed since Iran imposed a blockade on February 28.The meeting, taking place at the Elysee presidential palace in Paris, is being chaired by French President Emmanuel Macron and British Prime Minister Keir Starmer, with around 30 to 40 countries participating in person or by video conference.The talks will focus on the Strait of Hormuz Maritime Freedom of Navigation Initiative, a defensive mission aimed at restoring free passage through the waterway once a lasting ceasefire in the US-Israel war on Iran is in place.European leaders have warned that the ongoing closure threatens consumers with higher inflation, food shortages, and flight cancellations as jet fuel supplies dwindle. Over 20,000 seafarers are trapped on board hundreds of vessels caught in the blockade.“The unconditional and immediate reopening of the strait is a global responsibility, and we need to act to get global energy and trade flowing freely again,” Starmer said, accusing Iran of “holding the world’s economy to ransom”.The initiative mirrors Europe’s earlier efforts to assemble a security force for Ukraine and carries similar conditions: deployment only when the conflict ends and security conditions allow.A French presidential official stated that allies would need “an Iranian commitment not to fire on passing ships and a US commitment not to block any ships leaving or entering the Strait of Hormuz” before any mission could proceed.Washington’s absence from the discussions is deliberate, with Macron emphasizing that the mission to provide security for shipping through the strait would be “strictly defensive” and limited to non-belligerent countries.

Colombia's Environment Minister, Irene Velez, announced on Monday that the country will cull up to 80 hippos that have been roaming freely in a region near the Magdalena River basin. The decision comes after previous attempts to control the population, including sterilization and capturing the animals, proved too expensive or ineffective.The hippos were introduced to Colombia by infamous drug lord Pablo Escobar in the 1980s, when he brought four to his private zoo. After Escobar's death, the hippo population swelled to an estimated 170, with the animals now spotted up to 60 miles from Escobar's former ranch, Hacienda Napoles.Authorities say the hippos pose a threat to villagers who encounter them and compete with native wildlife, such as manatees, for food. Despite local concerns, the hippos have become a tourist attraction, with visitors flocking to the Napoles ranch to spot the animals and buy hippo-themed souvenirs.Animal welfare activists have opposed the culling, citing concerns about the country's history of conflict and the potential for the cull to set a poor example. However, Velez emphasized that the action is necessary to preserve Colombia's ecosystems. The hippos cannot be returned to their natural habitat due to their limited gene pool, which could lead to the spread of diseases.

Colombian officials have authorized a plan to cull up to 80 hippos descended from animals brought to the country by Pablo Escobar in the 1980s. The feral beasts have displaced native species and threatened local villagers, prompting the government to take action.The environment minister, Irene Vélez, stated that other methods to control the population, such as neutering or relocating the hippos to zoos, have been expensive and unsuccessful. Up to 80 hippos will be affected by the measure, although the exact timeline for the culling has not been specified.Colombia is the only country outside Africa with a wild hippo population, which originated from four individuals imported by Escobar as he built a private zoo in Hacienda Nápoles. A study published by Colombia's National University estimated that around 170 hippos were roaming freely in the country in 2022.The hippos pose a threat to villagers who have encountered them in farms and rivers, and compete with local species such as river manatees for food and space. Despite the environmental challenges, the hippos have become a tourist attraction, with residents offering hippo spotting tours and selling hippo-themed souvenirs.Animal welfare activists have opposed the plan to kill the hippos, arguing they deserve to live and that addressing the problem through violence sets a poor example for a country that has experienced decades of internal conflict. Andrea Padilla, a senator and animal rights activist, described the plan as 'cruel' and accused government officials of trying to take the easy way out.

Rory McIlroy, the reigning Masters champion, has begun his title defense on a high note, dominating Augusta National with a big grin and a hell of a swing. His first shot as champion was a 332-yard drive that soared over the hill and into the gallery.McIlroy's approach has changed, as he now embraces an aggressive style, similar to what Phil Mickelson once described. He is no longer hesitant, instead choosing to hit drivers and get close to the green, even if it means risking a miss.On Thursday, McIlroy hit a 377-yard shot at the 2nd hole, well over the big fairway bunker and into the pine straw. At the 8th hole, he clobbered a 361-yard shot into the second cut at the foot of the hill. Although he didn't hit many fairways, his strategy paid off.McIlroy's ability to problem-solve on the course is matched by his knack for getting out of difficult situations. From a challenging spot on the 17th fairway, he managed to pop his second shot between the trees and onto the bank, just 12 yards from the pin for a well-earned up-and-down par.As the day progressed, McIlroy's birdies started to come, with notable shots at the 8th, 9th, 13th, 14th, and 15th holes. He finished the day five under par, a testament to his strong play.McIlroy's performance is a far cry from his previous struggles at Augusta, where he often overthought and played cautiously. Now, with the confidence of being a champion, he is playing freely and aggressively, making him a formidable opponent in the tournament.

Vaibhav Sooryavanshi, the 15‑year‑old sensation for Rajasthan Royals, was lauded as “amazing” and “fearless” after an audacious display against Indian pace ace Jasprit Bumrah during an IPL clash. Facing the 32‑year‑old Mumbai Indians bowler for the first time, Sooryavanshi launched a six over the wide long‑on fence on his very first ball. Bumrah smiled, but three deliveries later the teenager repeated the feat with a pull shot that cleared deep backward square leg. Continuing his blitz, Sooryavanshi amassed 39 runs from just 14 balls, forming an 80‑run opening partnership with Yashasvi Jaiswal, who contributed an unbeaten 77. The duo steered Rajasthan to a 27‑run victory in a rain‑shortened 11‑over contest at Guwahati’s Barsapara Stadium. Rajasthan captain Hardik Pandya described the innings as “fascinating,” emphasizing the youngster’s fearlessness and range of shots. “Amazing to see the way he bats, the kind of fearlessness he has,” Pandya said. Sooryavanshi also took on New Zealand pacer Trent Boult, dispatching an attempted yorker for a boundary over backward square leg. His momentum was halted by a spectacular catch in the deep by Tilak Varma, taken off a big hit off Shardul Thakur. Visibly upset after his dismissal, Sooryavanshi covered his face and let out a scream before trudging back to the pavilion, while a watching Jaiswal expressed admiration for the teenager’s approach. “The way he has been playing, it’s tremendous,” Jaiswal, who earned player‑of‑the‑match honors, added. “He works hard, motivates me, and I’ll keep giving him positive messages – play freely.” Last season, Sooryavanshi announced his arrival with a 35‑ball century, the second‑fastest in IPL history. Former spin legend Anil Kumble has already urged that the prodigy be fast‑tracked into India’s senior side. His pedigree extends to the youth level, where he smashed 175 runs off 80 balls in the Under‑19 World Cup final against England, cementing his reputation as a future star.

The temporary cease‑fire in the US‑Israel‑Iran war has given Iran and China a strategic opening to challenge the US dollar’s supremacy in global finance. Both nations share a common objective: to reduce reliance on the greenback, especially in the oil sector where, according to a 2023 JP Morgan estimate, roughly 80% of transactions are settled in dollars. In a practical step toward this goal, Iran’s de‑facto toll‑booth system in the Strait of Hormuz—a chokepoint that handles about one‑fifth of the world’s oil and LNG shipments—has started accepting transit fees in Chinese yuan. Lloyd’s List reported that at least two vessels had already paid in yuan by March 25, and China’s Ministry of Commerce later acknowledged the reports on social media. Iran’s embassy in Zimbabwe even called for the introduction of a “petroyuan” to the global oil market, underscoring the political symbolism of the move. While Tehran pledged to guarantee safe passage for two weeks under a US‑brokered cease‑fire, Beijing declined to comment. Harvard economist Kenneth Rogoff told Al Jazeera that Iran’s actions serve a dual purpose: they “poke a thumb in the United States’s eye” and provide a practical alternative to dollar‑based sanctions. Rogoff added that Iran’s shift to yuan aligns with China’s broader effort to redenominate trade among BRICS nations. For both countries, the yuan offers a way to sidestep US sanctions and lower transaction costs. Their trade relationship, cemented by a 25‑year strategic partnership signed in 2021, sees China buying over 80% of Iran’s oil—often at discounted rates—while Iran imports Chinese machinery, electronics, chemicals, and industrial components. Data from Kpler and TankerTrackers indicate that, despite the conflict, Iran’s oil exports to China have remained near pre‑war levels, ranging between 12 million and 13.7 million barrels in the first two weeks of hostilities. China’s ambition to elevate the yuan is long‑standing. President Xi Jinping, in a 2024 address, expressed hope that the yuan would become a global reserve currency. Yet significant hurdles remain: the yuan is not freely convertible due to strict capital controls, and the Chinese financial system is perceived as opaque, limiting broader adoption. According to the IMF, the dollar still dominated global foreign‑exchange reserves at 57% last year, far ahead of the euro’s 20% and the yuan’s modest 2%. Cross‑border trade settled in yuan rose to 3.7% in 2024, up from under 1% in 2012, per S&P; Global—an encouraging but limited shift. Natixis chief economist Alicia Garcia‑Herrero cautioned that the Strait of Hormuz experiment adds only “incremental pressure” and that a true “de‑dollarisation” would require Gulf states, which have priced oil in dollars since the 1970s in exchange for US security guarantees. European analyst Hosuk Lee‑Makiyama highlighted that China’s ability to supply Iran with essential goods makes the yuan a viable alternative, a dynamic not possible for Europe or Japan. He described China as the closest the world has seen to a “manufacturing one‑stop shop.” Consultancy founder Dan Steinbock echoed that while the dollar’s supremacy is unlikely to crumble overnight, the gradual increase in yuan usage could “chip away” at US dominance in specific sectors over time. Rogoff concluded that the long‑term impact hinges on the war’s outcome. If Iran and China emerge stronger, many countries may diversify away from the dollar to avoid US‑imposed financial constraints. Conversely, a decisive US victory could reinforce dollar hegemony for the foreseeable future.

California is taking a significant step in regulating the artificial intelligence (AI) industry by introducing new standards for companies seeking to do business with the state. This move directly contradicts former President Donald Trump's stance on keeping the industry as deregulated as possible. Governor Gavin Newsom signed an executive order on March 30, giving the state four months to develop AI policies that prioritize public safety. Companies hoping to secure contracts with California will be required to demonstrate policies that prevent AI from distributing child sexual abuse material and violent pornography. They must also show how their models avoid incorporating “harmful bias” and detail policies aimed at avoiding “unlawful discrimination, detention, and surveillance”. The order also directs the state to come up with best practices for watermarking AI-generated or -manipulated images and videos. Newsom emphasized California's commitment to innovation while ensuring that companies protect people's rights and do not exploit or put them in harm's way. California's actions are part of a broader trend of state-level attempts to regulate an AI industry that has raised public safety concerns and worries about the potential for job displacement due to automation. According to the New York Times, states have passed more than 100 laws to shield children from chatbots and to block AI companies from using copyright-protected material. The White House issued a national policy framework for AI in December that discouraged states from passing such regulations, with Trump's executive order calling for minimal regulation to allow U.S. AI companies to innovate freely. In response, the Justice Department established an “AI Litigation Task Force” to challenge state AI regulations.

Mercedes' dominant performance in the Formula One world championship has led to a unique situation where teammates Kimi Antonelli and George Russell are free to race each other without team orders. Team principal Toto Wolff confirmed that the two drivers are 'absolutely off the leash' to compete against one another, with the goal of continuing to provide them with a competitive car.Antonelli, 19, has taken the lead in the championship after winning the Japanese Grand Prix, his second consecutive victory. He now leads Russell by nine points, with Russell managing only fourth place in the recent race. Despite this, Wolff emphasized that there is no plan to implement team orders unless necessary towards the end of the season.Wolff explained, 'We're three races in, the car is good so we need to continue to do our job and give them a tool that they can continue to win or fight for the positions.' He added that the team will reassess the situation towards the end of the season to determine if any action needs to be taken.Russell, who won the opening round in Australia, has faced some challenges in the subsequent races. He cited mechanical issues and bad luck, including a safety car timing that didn't favor him. However, he remains optimistic about bouncing back stronger in the next race in Miami.Russell stated, 'At the moment, it is just one thing after the other. Racing can go for you, but it can also go against you too.' He expressed confidence in his abilities, saying, 'I know I have got what it takes to bounce back. I won't dwell on it.'