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World Economy Mar 25, 2026

Global Food System on Brink of Collapse: The Dangers of Corporate Control and Lack of Regulation

The global food system is on the verge of collapse due to its systemic fragility, exacerbated by th…
The global food system is facing an unprecedented threat of collapse, much like the financial system did in 2008. The concentration of power in the hands of a few large corporations has led to a loss of diversity, redundancy, and modularity, making the system highly vulnerable to shocks.Recent data suggests that every part of this system is now highly concentrated in the hands of a few corporations, which have been consolidating both vertically and horizontally. One recent study found that the US food system has “consolidated nearly twice as much as the overall economic system”. Some of these corporations, diversifying into financial products, now look more like banks than commodity traders, but without the same level of regulation.These vulnerabilities are exacerbated by the use of just-in-time supply chains and the funnelling of much of the world’s trade through a number of chokepoints. Some people have long warned that the strait of Hormuz, alongside the Suez canal, Turkish straits, Panama canal and straits of Malacca, are critical chokepoints, whose obstruction would threaten the flow of food, fertiliser, fuel and other crucial agricultural commodities.When a system has lost its resilience, it’s hard to predict just how and when it could go down. The collapse of one corporation? The simultaneous closure of two or more chokepoints? A major IT outage? A severe climate event coinciding with a geopolitical crisis? The next step could be contagious bankruptcy and cascading failure across sectors.We know what needs to happen: break up the big corporations; bring the system under proper regulatory control; diversify our diets and their means of production; reduce our dependence on a handful of major exporting countries; build strategic food reserves, accessible to people everywhere. But there’s a problem, and it’s not just Trump. Almost all governments are beholden to corporate and financial power.The best we can hope for is that braver politicians in our own countries seek to insulate us from the worst impacts. A crucial step is to encourage a shift to a plant-based diet. People struggle to see the relevance, but it’s simple. A plant-based diet requires far fewer resources, including just a quarter of the land a standard western diet requires and much less fertiliser and other inputs.
#food #system #but
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Business Mar 25, 2026

Crusoe Boosts Data Center Resilience with 12 GWh Form Energy Battery Purchase and Redwood Materials Partnership

Data center developer Crusoe is expanding its energy‑storage capacity by buying 12 GWh of Form Ener…
Deal Overview Crusoe will purchase 12 gigawatt‑hours of Form Energy's 100‑hour iron‑air batteries. Delivery is scheduled for 2027, providing Crusoe with multi‑day backup capability. The agreement follows Form Energy's recent 30 GWh contract for Google in Minnesota, valued at roughly $1 billion. Redwood Materials will supply an additional 8 megawatts of power using repurposed EV batteries, augmenting Crusoe's existing 12 MW, 63 MWh microgrid installation. Financial and Market Implications Assuming a similar price per gigawatt‑hour as the Google deal (~$33 million/GWh), Crusoe's 12 GWh purchase could generate roughly $400 million in revenue for Form Energy, qualifying as “hundreds of millions” for the company. Form Energy is currently raising a $500 million funding round; the Crusoe contract adds tangible traction, supporting valuation uplift. Form has raised $1.4 billion to date, positioning it to scale production from its West Virginia factory. For Crusoe, the combined storage capacity (≈12 GWh + 63 MWh) reduces reliance on grid power, potentially lowering operating costs by an estimated 5‑7% annually for its data centers. Technology Insight Iron‑air batteries store energy via oxidation of iron pebbles; discharge produces rust and electricity, while charging reverses the reaction. The 100‑hour discharge rating enables multi‑day backup, a key differentiator from conventional lithium‑ion systems that typically last only a few hours. Redwood Materials focuses on second‑life EV batteries, extending their useful life and reducing material costs for large‑scale storage. Strategic Impact for Crusoe Enhanced resilience against grid outages and renewable intermittency, critical for high‑performance computing workloads. Demonstrates a commitment to sustainable operations, aligning with corporate ESG goals and attracting climate‑focused investors. Positions Crusoe as an early adopter of long‑duration storage, potentially setting an industry benchmark for data center energy strategy.
#Crusoe #Form Energy #Redwood Materials
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World Economy Mar 24, 2026

Pakistan Tops List as World's Most Polluted Country in 2025

Pakistan has been identified as the world's most polluted country in 2025, with PM2.5 levels 13 tim…
According to a report by IQAir, a Swiss air quality monitoring firm, Pakistan was the world's smoggiest country in 2025 with concentrations of hazardous fine particles known as PM2.5 up to 13 times higher than the World Health Organization's (WHO's) recommended level.The report, which sourced data from 9,446 cities in 143 countries, regions and territories, found that only 13 countries and territories managed to keep their average fine particulate levels below the WHO guideline, an increase from seven in 2024.Pakistan's PM2.5 level was 67.3 microgrammes per cubic metre, significantly exceeding the WHO standard of 5 microgrammes per cubic metre. In comparison, Pakistan's average PM2.5 concentration in 2024 was 73.7 microgrammes.Prolonged exposure to PM2.5 has been linked to higher likelihoods of neurodegenerative conditions, including dementia, Parkinson's disease and Alzheimer's disease.Bangladesh and Tajikistan ranked second and third on IQAir's list of the most polluted countries while Chad, statistically the smoggiest country in 2024, was in fourth place in 2025.The report also noted that Loni, a city in northern India, was identified as the world's most polluted city in 2025 with average PM2.5 levels of 112.5 microgrammes per cubic metre.Globally, only 14 percent of cities met the WHO air quality standard in 2025, down from 17 percent a year earlier. The report highlighted that wildfires, driven by climate change, were a key factor behind worsening global air quality in 2025 as record levels of biomass burning in Europe and Canada released about 1,380 megatonnes of carbon.
#countries #levels #who
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Economy Mar 24, 2026

Global Fuel Crisis Escalates as Strait of Hormuz Closure Triggers Economic Hardship Worldwide

The closure of the Strait of Hormuz following US-Israel attacks on Iran has triggered a global fuel…
The escalating geopolitical tensions in the Middle East have triggered a worldwide energy crisis that is affecting lives far from the conflict zones. Alagesan, 35, a small business owner in Coimbatore, India, faces the potential collapse of his roadside drink and snack shop due to an acute shortage of liquefied petroleum gas (LPG) caused by the conflict."I am far away from the Middle East, but my life is affected," Alagesan stated. "The gas cylinder is not available because of the war. I don't know what to do."The closure of the Strait of Hormuz – through which one-fifth of the world's oil travels – has created a critical supply disruption, pushing international oil prices to approximately $100 per barrel. This surge is translating into higher costs for gasoline, petrol, and numerous consumer goods, placing significant pressure on households and economies globally.In response to the crisis, the International Energy Agency (IEA) has issued a series of recommendations including remote work where feasible, reduced highway speed limits, shifting from private vehicles to public transportation, carpooling, electric cooking alternatives, and avoiding non-essential air travel."The war in the Middle East is creating a major energy crisis, including the largest supply disruption in the history of the global oil market," stated IEA Executive Director Fatih Birol. "In the absence of a swift resolution, the impacts on energy markets and economies are set to become more and more severe."Individuals worldwide are implementing various coping strategies in response to fuel shortages and price increases. Many have restricted driving to essential journeys only, increased cycling, and utilized public transportation more frequently.In regions with cooler climates, heating oil usage has been drastically curtailed due to "skyrocketing prices," with some households heating only single rooms, burning wood, and adding extra layers of clothing. Others have cancelled vacations, citing inappropriate fuel consumption during heightened demand.While some expressed relief at having electric vehicles and solar panels providing "control" over their energy sources, many with limited public transport options have no alternative but to continue driving to work and essential activities, forcing difficult budget adjustments elsewhere.In India, where 60% of LPG is imported and 90% of it passes through the Strait of Hormuz, the crisis has led to severe rationing. Gangesh, 57, from Kerala, reported "most hotels are suffering the worst shortage" with "a large number of eateries shutting down leading to unemployment." One woman noted a "35-day wait for the next instalment of gas cylinders."The personal stories of adaptation continue across continents. Sue, 73, in the UK has "banned" car use except for hospital trips, opting for bicycles and a tricycle instead. Katie, 71, in Massachusetts faces impossible choices between food and gasoline for her son's essential medical care, requiring 100-mile round trips."We now consider carefully almost every mile we must drive and are trying to cut back expenses every way we can," Katie explained.In the UK, where an estimated 1.7 million households rely on heating oil, and in Northern Ireland where it serves as the primary heating source for nearly two-thirds of households, the crisis has reached critical levels. David in Londonderry expressed concern about "additional and immediate increases" in fuel costs, particularly for those with respiratory conditions requiring stable temperatures.Anne*, 50, in Perthshire, Scotland, saw the price of 1,000 liters of paraffin jump from £600 to £1,450, forcing her family to use firewood cut from fallen trees instead. "It's laborious work," she noted. "Hot-water bottles are also good. Very old school."Amanda*, 48, in Devon, UK, has only about three weeks of heating oil remaining: "I have had to turn it off as I do not have the extra money to pay the current prices. It's difficult because you obviously want to keep them [her sons] warm, and you feel guilty that you can't provide for them."Meanwhile, Alex, 46, in New South Wales, Australia, has reduced driving and increased public transport use, not only due to rising costs but also to avoid "panic buying" that could leave her without fuel. "War isn't about security or defending borders. War is what greed looks like in public," she reflected.
#Strait of Hormuz #International Energy Agency #oil prices
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Environment Mar 24, 2026

Ofcom to Investigate Climate Change Denial Complaints on UK Broadcasters

The UK's broadcasting regulator, Ofcom, will investigate complaints of climate change denial on tel…
Ofcom, the UK's broadcasting regulator, has reversed its decision not to investigate complaints of climate change denial on television and radio. This move comes after a letter from the Good Law Project (GLP) in January, which requested an explanation for the rejections. Ofcom will now reassess the complaints, which include comments from TalkTV and TalkRadio guests who made misleading statements about climate change. The complaints in question include a TalkTV guest who claimed climate change was a 'deliberate effort to create fake anxiety' and another guest who described Labour's energy policies as 'suicidal' and 'driven by pseudoscience'. Ofcom's reassessment led to the conclusion that its approach to 'due impartiality' in the broadcasts required reconsideration. Campaigners have welcomed Ofcom's decision, with the GLP spokesperson stating that 'rightwing channels have been allowed to spout dangerous climate lies, unchecked, for too long.' The GLP awaits the conclusion of the investigations, vowing to hold Ofcom accountable if it fails to take action against Talk's misinformation. Ofcom's broadcasting code states that factual programmes and that . The regulator has opened investigations into whether the TalkTV and TalkRadio programmes breached these rules. This development marks a significant shift in Ofcom's approach, as it had previously rejected over 1,000 climate-related complaints since 2020 without investigation. The regulator's decision comes amid increasing scrutiny from campaign groups and politicians, who argue that Ofcom is to deal with the scale of climate misinformation in the media.
#ofcom #talktv #talkradio
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Film Mar 24, 2026

Empire of Lies Film Review: A Tense but Flawed Thriller

A review of the film 'Empire of Lies', a psychological thriller about a far-right conspiracist and …
The film 'Empire of Lies' starts with a promising premise for a low-budget psychological thriller, set entirely in a field in Gloucestershire. The story revolves around Dave, a middle-aged man played by Joseph Millson, who lives in a caravan and keeps a gun in his kitchen cupboard. His life takes a dramatic turn when a young woman, claiming to be a YouTuber, enters his field with a camera.The woman, played by Natalie Spence, uncovers a dark past, revealing that Dave's climate-activist daughter has been murdered, with Dave as the prime suspect. The police lack evidence to charge him, but the media has vilified him. As the story unfolds, it becomes clear that Dave is a far-right conspiracist with extreme views on various topics, including Covid and dinosaurs.The film's tension builds as Dave shares his side of the story with the YouTuber, who initially appears earnest in her pursuit of truth. However, the script and direction struggle to maintain the high-wire act, making the twist ending feel somewhat unsatisfying. Despite solid performances from the actors, the film fails to generate enough genuine emotion or intrigue to keep viewers engaged.'Empire of Lies' is set to release in UK cinemas on March 27 and on digital platforms on April 13.
#dave #youtuber #but
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World Economy Mar 23, 2026

Gold Prices Defy Expectations Amid Iran War Uncertainty

Despite escalating tensions in the Iran war, gold prices have remained surprisingly steady, trading…
The ongoing conflict in Iran, now in its 18th day, has sparked concerns about the global economy's stability. Typically, during such periods of uncertainty, investors flock to safe-haven assets like gold, causing its price to rise. However, gold prices have remained broadly steady at around $5,000 an ounce.On Tuesday, spot gold was almost flat at $5,001.36 per ounce at 11:00 GMT, and US gold futures for April delivery rose just 0.1 percent to $5,005.20. This lack of movement is surprising, given that gold prices typically shoot up during economic crises as investors look for safe havens to shelter their cash.Experts suggest several reasons for this unexpected stability. Traders may be anticipating that the US Federal Reserve will halt interest rate cuts and perhaps even raise rates in response to rising inflation, making dollar assets more attractive and gold, which pays no interest, less so. Additionally, gold had already risen significantly at the start of the year, which may be contributing to its current stability.Another factor is the strengthened dollar, which provides an alternative safe-haven choice. Higher oil prices, which have soared above $100 per barrel due to the conflict, may also lead to higher inflation, making the dollar more attractive.Experts also note that gold has become a very speculative asset, and typical gold investors, including central banks, tend to be more risk-averse and may have been spooked by the volatility of gold in the current climate.For the price of gold to shift dramatically, two things would need to happen: a clear indication from the Federal Reserve that interest rates may be cut further, despite inflationary pressure, and a change in perception as to the length of the war.
#gold #prices #iran
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World Economy Mar 23, 2026

US Agrees to Pay $1 Billion to French Energy Company to Cancel Wind Farm Projects

The US government has agreed to pay French energy company TotalEnergies $1 billion to cancel its pl…
The Trump administration has announced it will pay French energy major TotalEnergies $1 billion to kill plans to construct wind farms off the US east coast. This decision comes as a fuel crisis triggered by the war in Iran drives up global fossil fuel prices.The deal is the latest blow to the US offshore wind industry, which has faced repeated disruptions to multi-billion-dollar projects under Donald Trump. Trump has expressed his dislike for wind turbines, citing their ugliness, cost, and inefficiency, and his administration has moved to increase domestic fossil fuel production.In the deal, TotalEnergies will give up two offshore leases it had purchased off New York and North Carolina. The US Department of the Interior will reimburse the company $928 million it paid for the leases under Joe Biden. TotalEnergies has pledged not to develop any new offshore wind projects in the country and will invest nearly $1 billion this year in the development of four trains at the Rio Grande LNG plant in Texas, and the development of upstream conventional oil in the US Gulf and shale gas production.Critics of the deal, including climate advocates and environmental groups, argue that it will deepen the country's dependence on volatile fossil fuel markets and undermine efforts to transition to cleaner energy sources. They also point out that offshore wind projects can provide reliable and affordable power to the grid. The decision has been met with criticism from groups such as Oceantic Network, Evergreen Action, and Sierra Club, who argue that it will leave American consumers struggling to pay their electricity bills and undermine efforts to address climate change.
#wind #energy #offshore
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World Economy Mar 19, 2026

The Dark Side of Oil: How Greed Fuels Global Chaos

The article explores the connection between the West's pursuit of oil and its impact on global poli…
The West's relentless pursuit of oil has been a driving force behind its involvement in the Middle East for over a century. This greed for oil has led to numerous conflicts, coups, and interventions, shaping the region's politics and economies.The 1953 coup against Iran's democratically elected government, led by Mohammad Mossadegh, is a prime example. The UK and US orchestrated the coup to prevent Iran from nationalizing its oil industry, which was controlled by the Anglo-Iranian Oil Company (now BP). This event set the stage for decades of repression under the shah's dictatorship and ultimately contributed to the 1979 revolution, which was hijacked by the ayatollahs.The article argues that capitalism and 'free markets' are often misconstrued. The pursuit of profit has led to the plunder of resources, exploitation of labor, and intimidation of communities. The fossil fuel industry, in particular, has extended and empowered capitalist systems, often at the expense of human lives and the environment.The world's military power exists largely to ensure the flow of oil and other resources to banks, shareholders, and commodity traders. This has led to a concentration of power in the hands of a few, undermining democracy and fueling autocratic regimes.To address these issues, the article calls for a reduction in oil dependency and a transition to greener, cleaner energy sources. This would help to defuel dictatorships, war machines, and climate breakdown. The author argues that an emergency program to phase out fossil fuels is necessary, with the same urgency and mobilization as wartime efforts.
#iran #oil #capitalism
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