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The Electric War: What Happens If Trump Turns Out Iran’s Lights?

Donald Trump has threatened to destroy Iran’s power plants to force a deal. Tehran warns that retaliation could reach the Gulf’s water supplies, energy installations and American bases. An infrastructure war could spread through Asian factories, European energy markets and household budgets worldwide, while leaving the political dispute unresolved. The ability to inflict destruction offers no guarantee of securing an agreement.

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AI Can Change the World. Can It Pay for Itself?

AI could transform the economy without rewarding everyone financing it. As governments and technology companies compete for capital, higher borrowing costs are testing the returns on computing infrastructure.

China’s export earnings and vast financial reserves provide a cushion against the Middle East energy crisis. But smaller manufacturers face a harder calculation as…

In depth

Washington’s attempt to tighten the economic isolation of Iran faces a fundamental obstacle: China, the dominant buyer of Iranian oil. Beijing is warning against…

The wider report

Recursive Self Improvement and the Race to Automate Research

Artificial intelligence is beginning to search for discoveries, conduct experiments and improve research systems. From Weco AI and Google DeepMind to Chinese science programmes, the race is moving beyond chatbots. But machines remain far…

Britain has world class finance, universities, science and enormous pools of capital. Yet it invests less than any other G7 economy and struggles to…

Dispatches

For three decades the world appeared to move in one direction. Trade expanded, technology erased distance and globalisation seemed irreversible. Today those assumptions are…

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