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The Critical Rocket Shortage for Space Data CentersThe apparently insatiable demand for AI compute has data center entrepreneurs looking to the stars. However, there's a key bottleneck: There aren't enough rockets to put data centers in orbit around the Earth, and they're too expensive. Most industry players are banking on SpaceX's Starship or Blue Origin's New Glenn, but these solutions may not be commercially available for years.Cowboy Space's Bold Rocket Development StrategyBaiju Bhatt, CEO and founder of Cowboy Space Corporation, has announced a different approach: "We're standing up our own rocket program." He expects the first launch before the end of 2028. The company, originally launched in 2024 as Aetherflux with plans to collect solar energy in space, has pivoted to focus on space data centers, which led to the development of its own rocket program and a new name.$275 Million Funding at $2 Billion ValuationToday, Cowboy Space announced the closure of a $275 million Series B round at a post-money valuation of $2 billion, led by Index Ventures. Breakthrough Energy Ventures, Construct Capital, IVP, and SAIC also participated. This substantial funding will serve as a downpayment on the company's ambitious rocket development program aimed at solving the launch capacity crisis for space data centers.Industry Transformation Through Vertical IntegrationCowboy Space's decision to develop its own rockets represents a significant shift in the space industry. While bringing rocket development in-house is logical, it's also extremely challenging—only a handful of private companies in the West, mainly SpaceX, Rocket Lab and Arianespace, are consistently launching commercial rockets. By building its rockets specifically for data center deployment, Cowboy Space enters direct competition with industry giants SpaceX and Blue Origin while addressing a critical bottleneck in the AI compute supply chain.The Future of Orbital Data Centers by 2030Cowboy Space plans to build its data centers directly into the second stage of its rockets, a design approach reminiscent of the first US satellite, Explorer 1. Each satellite is expected to have a mass of 20,000 to 25,000 kilograms and generate 1 MW of power for nearly 800 onboard GPUs. The company's rocket would be slightly more powerful than SpaceX's Falcon 9 but smaller than its Starship. With industry veterans from Blue Origin and SpaceX on board, Cowboy Space aims to have its first operational system ready before the end of 2028, potentially revolutionizing how AI compute is delivered in the coming decade.

The LeadThe United States-Israel war on Iran is not the result of a sudden escalation but the culmination of a long-term Israeli agenda to violently reshape the Middle East, former Qatari Prime Minister and Foreign Minister Sheikh Hamad bin Jassim Al Thani tells Al Jazeera. Netanyahu's 'Illusion' and the US MisstepSheikh Hamad had warned of an impending conflict last year and urged Gulf states to push for a diplomatic resolution to resolve the crisis with Iran and prevent military strikes. He identified a push for a conflict with Iran and blamed it on a 'hardline faction' within Israel led by Netanyahu, who he said had been trying to drag the US into a war over Tehran's nuclear programme since President Bill Clinton's administration in the 1990s. The Strait of Hormuz: A New Global FlashpointAssessing Tehran's strategy, Sheikh Hamad said Iran successfully absorbed the initial military strikes of the war and subsequently dragged its feet on a settlement after realising it could leverage a new strategic advantage: the Strait of Hormuz. Calling the weaponisation of the waterway the 'most dangerous outcome' of the war, he warned that Iran is now treating the vital international chokepoint as its own sovereign territory. A Call for a 'Gulf NATO'In one of his most blunt assessments, Sheikh Hamad declared that the greatest threat to the Gulf is neither Iran, Israel nor foreign military bases but internal Gulf disunity. To counter this, he proposed the creation of a 'Gulf NATO', a joint political and defence project starting with a core group of strategically aligned Gulf nations with Saudi Arabia serving as its natural backbone. Gaza, Normalisation and a Late-1990s SecretTurning to the issue of Palestine, Sheikh Hamad condemned the killing of civilians on all sides but accused Israel of committing a 'moral and political disaster' in Gaza, where more than 72,500 Palestinians have been killed since Israel's genocidal war began in October 2023.

Martin Short's Heartfelt Revelation Martin Short has spoken for the first time about the death of his daughter, Katherine Short, saying her death has been “a nightmare for the family”. Katherine died in February aged 42, at her home in the Hollywood Hills. The County of Los Angeles Medical Examiner’s office confirmed she died by suicide. The Pain of Loss Speaking on CBS News Sunday Morning, the 76-year-old comedian and actor compared his daughter’s death with that of his wife, Nancy Dolman, who died of ovarian cancer in 2010 aged 58. “The understanding [is] that mental health and cancer, like my wife’s, are both diseases, and sometimes with diseases they are terminal,” Short said. A Desire to Raise Awareness Short said he had a “deep desire” to take “mental health out of the shadows” so people wouldn’t be “ashamed” of talking about it. “Not hiding from the word suicide, but accepting that this can be the last stage of an illness,” he said. A Year of Loss Short also spoke of losing several close friends and family in the past year, including his sister-in-law, his daughter and his friends Diane Keaton, Rob and Michele Reiner and Catherine O’Hara. “It’s staggering,” he said, adding: “You just have to breathe in, breathe out.” Katherine's Legacy Katherine was the eldest of three children adopted by Short and Dolman. She largely kept out of the spotlight, though she sometimes attended events and walked red carpets with her father. She received a bachelor’s degree in psychology and gender sexuality studies from New York University in 2006, as well as a master’s in social work from the University of Southern California in 2010, and went on to work in private practice as a licensed clinical social worker. A New Documentary Short spoke to CBS ahead of a new Netflix documentary film about his life titled Marty, Life Is Short, which premieres 12 May. The documentary touches on Short’s many experiences with loss early in life: his older brother David was killed in a car accident when Short was 12, and both of his parents died when he was still a teenager. Resources In the US, you can call or text the 988 Suicide & Crisis Lifeline at 988 or chat at 988lifeline.org. In the UK and Ireland, Samaritans can be contacted on freephone 116 123, or email [email protected] or [email protected]. In Australia, the crisis support service Lifeline is 13 11 14. Other international helplines can be found at befrienders.org

The Lead Oil prices have climbed after Donald Trump condemned Iran's response to US proposals to end the war as 'totally unacceptable'. The president's rejection of Tehran's overture triggered a jump in Brent crude, the international benchmark for oil prices, by as much as 4% on Monday to $105.50 a barrel, before easing back to settle at $103.50. Iran's Counter-Proposal The US had presented a peace proposal a week ago, said to consist of a 14-point memorandum of understanding that would reopen the strait of Hormuz, while setting a framework for further talks on Iran's nuclear programme. The Iranian counter-proposal reportedly suggested a shorter moratorium and included a refusal to accept the dismantling of its facilities. The Data Analysis The increase in tensions has added to fears that the oil prices could remain elevated for longer, as the strait of Hormuz – through which a fifth of the world's oil and gas supply normally passes – remains effectively closed. In the UK, the cost of government borrowing also rose amid fears for higher inflation – which can make it harder for central banks to cut interest rates. The Impact Analysis 'While there's some expectation that a major reignition of the war is less likely, given the US claims a ceasefire is still in place, severe supply constraints of commodities are set to continue,' said Susannah Streeter, chief investment strategist at the broker Wealth Club. 'With the crisis now into the 11th week, consumers, companies and countries are having to adapt to a world of constrained supplies.' The Prediction Trump is scheduled to meet China's president Xi Jinping in Beijing this week, with the two leaders expected to discuss trade, Taiwan and China's role in the conflict in the Middle East. The meeting may have significant implications for the global economy and oil markets.

War Day 73: Stalemate Deepens as Trump Rejects Tehran’s OfferAfter 73 days of fighting, the United States and Iran remain at an impasse. President Donald Trump flatly rejected Iran’s most recent proposal to end hostilities, offering no justification and prompting a sharp rise in global oil prices.Trump’s Flat Rejection of Iran’s Comprehensive Peace OfferIran’s proposal called for lifting the naval blockade, ending U.S. and international sanctions, and preserving Iran’s control over its nuclear programme and foreign policy. The United States had earlier floated a counter‑offer aimed at reopening negotiations, but Trump labelled Tehran’s response as “totally unacceptable,” while Iranian state media accused the U.S. plan of “Iran’s surrender to Trump’s greed.”Oil Prices Surge and Currency Movements Amid Diplomatic GridlockBrent crude climbed 2.69% to $104.01 a barrel by 23:36 GMT on Sunday.Oil prices rose by more than $4 per barrel following news of the stalemate in the Strait of Hormuz.The U.S. dollar advanced for a second consecutive day against major Asian peers, buoyed by strong jobs data and safe‑haven demand.Gold prices fell as higher oil levels stoked inflation concerns, suggesting interest rates could stay elevated longer.Regional Tensions Escalate: Drones, Naval Blockade, and Domestic UnrestThe United Arab Emirates intercepted two drones launched from Iran; Qatar condemned a drone attack on a cargo ship in its waters; Kuwait reported hostile drones breaching its airspace.EU foreign ministers convened in Brussels to discuss the Iran war alongside the Ukraine conflict.In Lebanon, Israeli air raids continued, killing two medics and a civilian, while an Israeli army driver was reported dead near the border.Domestic opinion in the United States shows growing war fatigue, with surveys indicating the conflict is unpopular ahead of the midterm elections.Outlook: Prolonged Conflict Likely Unless New Mediation EmergesWith both sides entrenched and regional actors already engaged in skirmishes, the war is poised to continue unless a fresh diplomatic channel—potentially involving China or a neutral Gulf mediator—can bridge the gap. In the meantime, oil markets will remain volatile, and the strategic importance of the Strait of Hormuz will keep global attention focused on the evolving crisis.

The Lead: Warsh Confirmation Signals New Era for Federal ReserveThe US Senate is expected to confirm Kevin Warsh this week as chair of the Federal Reserve, as Donald Trump continues his campaign to influence the world's most important central bank. The Fed's influence over the economy spans from the job market to mortgage rates, and its every move is carefully scrutinized by investors on Wall Street.The Event Details: Warsh's Background and Political AlignmentWarsh served on the Fed's board as a governor from 2006 to 2011 and developed a reputation as a so-called "inflation hawk" during the 2008 recession crisis – advocating for higher interest rates to mitigate rising prices. However, since Trump started his second term, Warsh publicly aligned himself with the president's stance that interest rates are now too high. In a Wall Street Journal op-ed last November, Warsh called the Fed's leadership "broken" and called the bank "an institution whose reach has extended far beyond its grasp."The Political Battle: Trump's Assault on Fed IndependenceThe vote is expected to be split along party lines. Democrats criticize Warsh for being Trump's "sock puppet" at a time when the president has pushed past the typical boundaries between the White House and the nonpartisan Fed. Trump's battle with the Fed culminated in a criminal investigation against the outgoing Fed chair, Jerome Powell. Trump accused Powell of fraud over renovations at the Fed's headquarters that went over budget.The Impact Analysis: Central Bank Independence at RiskWarsh told the Senate that he will be an "independent actor" as Fed chair, but resisting pressure from the White House will be difficult amid the legal assault Trump has foisted upon the central bank for going against his wishes. When pushed by Democrats in Congress, Warsh refused to answer whether Trump had lost the 2020 election. Though the justice department ended its investigation after a Republican senator said he would hold up Warsh's nomination, Powell announced last month that he would stay on the Fed's board as a governor until any inquiry into the renovations are "well and truly over with transparency and finality."The Prediction: Future of Monetary Policy Under WarshIn his last press conference as chair, Powell noted that Warsh testified that he will withstand political pressure from Trump and that he will "take him at his word". But the outgoing Fed chair also made some of his most pointed remarks to date about the current risk to Fed's independence, which is crucial for the health of the economy. "The institution is being battered over these things. We're having to resort to the courts to enforce our ... ability to make monetary policy without political considerations," Powell said. "I'd like to think we can get out of that era and go back to respecting what the law says and what custom has been."

The Lead: A Wake-Up Call for Urban Britain When record-breaking temperatures of 40C hit the UK in July 2022, few expected the catastrophic consequences that would unfold in Wennington, a village on the eastern edge of London. What began as a field fire rapidly escalated into a disaster that destroyed 18 homes and exposed the nation's unpreparedness for extreme climate events. This event marked a turning point in understanding how climate change is transforming the UK's wildfire risk profile, shifting from a problem associated with Mediterranean countries to an immediate threat to British communities. The Event Details: The Day London Almost Burned The Wennington fire unfolded with terrifying speed and intensity. Residents Lynn Sabberton and Terry were forced to flee their home with nothing but the clothes they were wearing as police officers kicked down their door to rescue them from the unprecedented heat. The fire had leapt from a nearby field into the heart of the village, catching everyone by surprise. In total, 70 houses were destroyed across the UK that day in 600 separate wildfires – the largest loss of British housing to fire in modern history. The London Fire Brigade (LFB), one of the world's largest firefighting organizations, found itself completely overwhelmed. All 142 fire engines were deployed, and incident commanders made desperate appeals for additional crews, hoses, and water that could not be met. Firefighters faced extreme conditions, with their protective suits becoming so sodden with perspiration that one officer described wearing them as being "a boil-in-the-bag meal where you're literally being cooked." The Data Analysis: Modeling a Catastrophe New research commissioned for the book "The Response" has revealed just how close the UK came to a far more devastating disaster. Dr. Tom Smith, an associate professor in environmental geography at the London School of Economics, used the Canadian wildfire model Prometheus to run simulations of the Wennington fire. His research explored how minor shifts in wind direction could have dramatically altered the outcome. In the worst-case simulation, the fire rapidly spread to destroy 120 homes – a result that made "my hair stand on end," according to Smith. This modeling demonstrates the terrifying potential of urban wildfires in densely populated areas where buildings are constructed close together with flammable materials. The research underscores how relatively small changes in weather conditions could transform a manageable incident into a catastrophe. The Impact Analysis: Changing Perceptions and Preparations The Wennington fire forced a fundamental shift in how the UK perceives and prepares for wildfire threats. Previously considered a problem more relevant to California or southern Europe, the event revealed the nation's vulnerability to extreme climate events. The London Fire Brigade, which had recognized that higher temperatures would increase wildfire risk but had limited experience with actual wildfires, was caught unprepared. In response, the brigade has implemented significant changes. All crews have undergone wildfire training, and a fleet of all-terrain vehicles and specialized equipment, including giant sprinklers, has been purchased. However, the brigade's commissioner has publicly acknowledged that further investment will be needed to meet future wildfire challenges effectively. The event also exposed systemic weaknesses in the UK's approach to climate resilience. Water supplies, including those needed for firefighting, remain in private hands, hampering emergency response. In Wennington, the first crew at the scene was hampered by weak pressure in the mains water supply, highlighting critical infrastructure vulnerabilities. The Prediction: The Future of Wildfires in Urban Britain Experts warn that the Wennington fire could be just the beginning of a new era of urban wildfires in the UK. Sami Goldbrom, a London Fire Brigade group commander who has led research into future threats, expressed concern that the destruction in July 2022 could have been far greater if winds had been stronger. "Think of all the houses so close together, we're so densely populated," he said. "There's nothing to say that the fire couldn't have spread all the way through and where would it stop? And we've got terraces, high-rise buildings, all that flammable cladding. It could so easily have been a second Great Fire of London." As climate change continues to drive higher temperatures and more extreme weather events, the UK must confront the growing threat of wildfires in urban areas. The lessons from Wennington provide a critical opportunity to develop more resilient infrastructure, improve emergency response capabilities, and implement land-use planning that accounts for changing climate risks. Without such measures, the nation risks facing increasingly frequent and destructive wildfires that could overwhelm emergency services and devastate communities.

The Leadership Challenge Ahead United Kingdom Prime Minister Keir Starmer is likely to face a leadership challenge amid calls from parliamentarians for him to step down following the Labour Party's stunning loss in local elections. Calls for Starmer's Resignation Backbencher Labour MP Catherine West urged cabinet ministers to 'move quickly' to replace him, saying she planned to email her colleagues for the necessary support on Monday morning if no one else put themselves forward. More than 30 Labour MPs have said Starmer should resign or set out timetables for his departure. His former ally Josh Simons wrote in The Times that Starmer had 'lost the country'. The Election Results Last week's elections saw Labour lose almost 1,500 councillors in England, largely to Reform UK and the Greens. In Wales, First Minister Eluned Morgan lost her seat, ending the party's 27 years in power there. In Scotland, the Scottish National Party retained its position, with Labour coming second. Support and Criticism Others remain supportive of the prime minister, including Education Secretary Bridget Phillipson, who told Sky News that she did not believe 'a leadership contest and all of the problems that that would bring is the answer'. Starmer is set to give a speech on Monday, along with the king's speech on Wednesday, that will attempt to convince the public and his party of his leadership. Future Outlook A leadership contest requires the endorsement of 81 Labour MPs. Likely challengers to the leadership include Health Secretary Wes Streeting, former Deputy Prime Minister Angela Rayner and Greater Manchester Mayor Andy Burnham. Starmer's government has been in power since 2024, when it ended 14 years of Conservative rule in a landslide victory. His popularity has since fallen, with the decision to cut the winter fuel allowance amid a cost-of-living crisis and the scandal over United States Ambassador Peter Mendelson's links to sex offender Jeffrey Epstein contributing to this decline.

The Unraveling of the Duterte-Marcos AllianceThe Philippine House of Representatives is on the brink of impeaching Vice President Sara Duterte for the second time, marking a dramatic escalation in the political feud between the Duterte and Marcos families. This move, driven by allegations of corruption and a fractured alliance with President Ferdinand Marcos Jr., plunges the nation into a deepening political crisis.Allegations of Misuse and the $110M FlagThe complaint against Duterte outlines four specific violations of the constitution, including betrayal of public trust and bribery. A central pillar of the case is a massive financial discrepancy flagged by the anti-money laundering agency, involving more than $110m in private bank transactions.Constitutional violations and betrayal of public trustFailure to disclose wealthBribery allegationsDeath threats against President Marcos and his family“The scale of these transactions cannot be reasonably explained by lawful income,” said House member Terry Ridon, characterizing the vote as a constitutional act of accountability.Constitutional Thresholds and Political MathFor the impeachment to proceed, the House requires a third of its members to vote in favor. The threshold has already been reached, with a member of the House from Duterte's stronghold in Mindanao confirming the votes are secured. In a previous attempt in 2025, the motion passed with 215 votes out of 313 representatives.However, conviction requires a two-thirds majority vote in the Senate, a much higher bar that will determine the final outcome of this political battle.A Fractured Nation and the 2028 RaceThe impeachment is the latest symptom of a broken political alliance. Duterte and Marcos ran together in 2022, but their partnership has since unraveled, leading to the arrest of former President Rodrigo Duterte by the International Criminal Court (ICC). Meanwhile, Vice President Duterte has already declared her intention to run for the presidency in 2028.The Divine Narrative and Future OutlookAs the vote approaches, the political atmosphere is charged with fatalism. Duterte stated that whatever the outcome is “written by God,” reflecting a sentiment of inevitability among her supporters. The House's move to seek her “perpetual disqualification” signals a long-term strategy to remove her from the political stage, setting the stage for a high-stakes Senate trial.