Business

SEOUL, March 16 (UPI) — South Korea’s Ministry of Intellectual Property has appointed former Go champion Lee Sedol as its first ambassador, 10 years after his landmark competition with AlphaGo.

The ministry said Friday that the appointment would help it communicate its policy direction to the public in a more symbolic and accessible way.

A few years after the 2016 contest against AlphaGo, Lee retired from the strategic board game that is popular in Korea, Japan, and China. He is now a special professor at the country’s Ulsan National Institute of Science and Technology.

Back then, AlphaGo ultimately beat Lee in the five-game series. However, Lee managed to secure a historic victory in the fourth game.

“Professor Lee is recorded as the first and also the last human to defeat AI,” Intellectual Property Minister Kim Young-sun said at the event.

“Regardless of the outcome of his match against AI, I believe that he demonstrated a desirable model for the AI era — not viewing AI merely as something to overcome or challenge, but as a partner with which we can cooperate and coexist,” he said.

Lee promised to support the ministry, the country’s government organization responsible for policies related to patents trademarks, and other intellectual property rights.

“Ten years ago, there was the match against AlphaGo. I think that may have been the starting point of AI. Now it has become difficult to imagine a world without AI,” Lee said.

“In line with these changes, I believe that an important task for the MOIP is how well it collaborates and adapts to this environment to continue developing and advancing,”

March 15 (UPI) — A group of aviation CEOs sent a letter to Congress asking it to end the partial government shutdown and pay TSA, customs and air traffic controllers, as they said the overwhelming number of Americans wants them to.

Airlines for America, a trade association for passenger and cargo airlines, sent an open letter to Congress asking it to fund the Department of Homeland Security so that government employees at airports responsible for the safety of air travel receive their salaries.

This is the second time in six months that the federal government has at least been partially shutdown and follows a 43-day shutdown of nearly all of the government that was the longest in U.S. history.

The letter includes a plea to end the shutdown, on behalf of travel and shipping services that are essential to the nation, and to pass laws that guarantee air traffic controllers, customs agents and TSA agents all continue to be paid in the event of future shutdowns.

“Americans — who live in your districts and home states — are tired of long lines at airports, travel delays and flight cancellations caused by shutdown after shutdown,” the CEOs wrote in the letter. “Yet, once again, air travel is the political football amid another government shutdown.”

The CEO’s who sign the letter include those from Alaska Air, American Airlines, Atlas Air, Delta Air Lines, FedEx, JetBlue Airways, Southwest Airlines, United Airlines, UPS and Airlines for America.

The CEO’s predict that with spring break, the World Cup, America’s 250th birthday and anything else that an expected 171 million passengers will travel for in the coming months, the chaos similar during the shutdown last fall is likely to happen again.

“TSA agents just received $0 paychecks,” they wrote in the letter. “That is simply unacceptable. It’s difficult, if not impossible, to put food on the table, put gas in the car and pay rent when you are not getting paid.”

Last year’s shutdown was ended when Congress agreed to fund the government through Jan. 30, with plans to pass appropriations bills to then fund the government through the rest of the year.

Amid the Trump administration’s immigration crackdown, after the deaths of two U.S. citizens in three weeks at the hands of U.S. Customs and Border Control agents, Democrats and some Republicans in Congress held back an appropriations bill for the Department of Homeland Security.

While the agencies handling the administration controversial crackdown are under DHS, the department also is responsible for the Transportation Security Administration, which handles air travel.

Democrats have refused to vote for the funding until guardrails are put in place with the funding for the department’s immigration enforcement efforts, including limits and certain tactics and requiring officials in the field to wear body cameras.

TSA employees missed their first paycheck of the current shutdown this weekend, after Republicans refused a proposal to fund TSA, the Coast Guard, the Federal Emergency Management Agency and the Cybersecurity and Infrastructure Agency, while continuing to hold back funding for those for immigration-related agencies for further debate.

In addition asking the government to fund TSA, the CEOs asked Congress to pass the Aviation Funding Solvency Act, the Aviation Funding Stability Act and the Keep America Flying Act would guarantee that federal aviation workers get paid in the face of future government shutdowns.

March 14 (UPI) — President Donald Trump on Saturday said that a coalition of nations affected by Iran choking off the Strait of Hormuz will send warships to open it back up.

Trump said that although the United States and Israel have “destroyed 100% of Iran’s military capability” in its war in Iran, its attempt to close the strait — by attacking ships and possibly laying mines along the shipping route — is affecting global trade.

Iran started to limit traffic in the strait since the war started two weeks ago and on Thursday, Iran’s new supreme leader, Mojaba Khamenei, said it would remain closed as a tactic to pressure the United States and Israel to end their attacks on the country.

The Strait of Hormuz is a significant global trading route, and sees roughly 20% of the global oil and fuel supply pass through it every day.

“Many countries, especially those who are affected by Iran’s attempted closure of the Hormuz Strait, will be sending War Ships, in conjunction with the United States of America, to keep the Strait open and safe,” Trump said in a post on Truth Social, Axios and The Guardian reported.

“Hopefully China, France, Japan, South Korea, the UK, and others, that are affected by this artificial constraint, will send Ships to the area so that the Hormuz Strait will no longer be a threat by a Nation that has been totally decapitated,” Trump said.

On Friday, several news organizations confirmed with the Department of Defense that the USS Tripoli, an amphibious assault ship that was operating in the Philippine Sea, is headed to the Middle East.

The Tripoli brings with it 2,500 Marines of the 31st Marine Expeditionary Group, along with 2,500 more sailors, after U.S. Central Command requested additional military options for the conflict.

The 31st MEU can conduct ground operations, which the Trump administration has not ruled out in Iran, but Joint Chiefs of Staff Chair Gen. Dan Caines told reporters at a press conference that the Pentagon plans to go after Iran’s mine-laying capability and its ability to attack commercial vessels.

March 14 (UPI) — Saturday’s Google Doodle celebrates everyone’s favorite math holiday, Pi Day.

The Doodle features an animated illustration of how the mathematical constant is used in equations dealing with a circle’s circumference and diameter.

“Long before modern technology, the Greek mathematician Archimedes popularized an innovative approach: He approximated the value of pi by sandwiching a circle between two 96-sided polygons to determine its precise upper and lower bounds,” a Google post about the Doodle reads.

“Today, we honor this mathematical legacy as enthusiasts worldwide celebrate with pi-reciting contests and slices of pie.”

The value of pi is roughly 3.14, but since it’s irrational, the number of decimal places beyond .14 go on infinitely. There are contests worldwide in which math lovers memorize and recite as many digits of pi as possible.

Last Pi Day, in 2025, a 10-year-old British boy recited 280 digits of pi from memory in 1 minute, breaking a Guinness World Record.

Pi Day is celebrated March 14 each year because the date is typically expressed as 3/14. Those less interested in math often choose to celebrate the day by eating a slice of their favorite pie.

Vancouver, Canada – Prime Minister Mark Carney’s efforts to unite Canadians around protecting the nation’s economy from the US are hitting roadblocks as he nears one year in power.

Indigenous peoples across Canada are increasingly divided over Carney’s aggressive push to expand resource extraction and projects on their ancestral lands.

Some experts question how his government can advance its agenda while respecting Indigenous rights enshrined in the country’s constitution.

March 14 will mark one year since Carney, former head of Canada’s central bank, was sworn into office.

After an election last year, his centrist Liberal party formed a minority government with the highest share of the popular vote in 40 years.

A key to Carney’s victory was his pledge to “stand strong” against US trade threats and grow Canada’s economic sovereignty, an assertive approach the prime minister has called “elbows up”.

“In the face of global trade shifts … we will build big and build fast to create a stronger, more sustainable, more independent economy,” Carney said in a statement on March 6.

Part of that push was to create a Major Projects Office to speed up approvals of economic developments, starting by fast-tracking 10 mega-projects.

They include two massive liquefied natural gas (LNG) plants and an open-pit mine in British Columbia, a nuclear plant in Ontario, a Quebec shipping terminal, and wind power in Atlantic Canada.

Those developments are worth 116 billion Canadian dollars ($85bn), the government estimates.

‘Our rights get pushed to the side’

Carney’s approach to the US trade war has gained support from Canadians, according to recent opinion surveys.

A March 3 poll of 1,500 citizens by Abacus Data found that 50 percent say Carney is protecting Canada’s core interests when dealing with Trump — compared with 36 percent with negative views.

“Whenever Canada is threatened, the protectionist nature of the state kind of re-emerges,” said Shady Hafez, assistant politics professor at Toronto Metropolitan University.

“Self-preservation of Canada becomes the priority.”

Hafez, a research associate with the Yellowhead Institute, is a member of the Kitigan Zibi Anishinabeg First Nation in Quebec.

He said there are growing concerns in his community and others about Carney’s push to accelerate mega-projects across the country.

“For that to happen, Canada needs land, and it needs resources,” Hafez said, “and it takes those lands and resources from us.”

Blowback was swift after Carney pledged to build a highly controversial oil pipeline to the west coast in a late November deal signed with Alberta, Canada’s oil powerhouse.

Carney’s culture minister swiftly resigned, decrying “no consultation” with Indigenous nations and “major environmental impacts”.

And the Assembly of First Nations (AFN), which represents more than 600 Indigenous chiefs, unanimously passed an emergency resolution opposing a new pipeline.

“First Nations people, we stand with Canada against Trump’s illegal tariffs, but not at the expense of our rights,” AFN National Chief Cindy Woodhouse Nepinak told Al Jazeera in an interview. “If you want to fast-track anything, you better make sure that First Nations are being included right off the bat.

“Trying to sideswipe or push aside First Nations people when there’s agreements between provinces and the feds — they have to remember that First Nations are here … and they are to be respected in their own homelands.”

The rights of Indigenous people in the country are enshrined in Canada’s constitution.

But too often, Hafez said, in the name of national prosperity, “Indigenous communities have to suffer.”

“Whenever there’s somewhat of an emergency, our rights get pushed to the side.”

But the resistance to the major projects push isn’t universal.

The First Nations Natural Gas Alliance praised Carney’s “much more aggressive” approach compared with his predecessor on developing energy resources.

But the group’s CEO, Karen Ogen, acknowledged there’s a “highly charged environment” on such issues.

“First Nations communities continue to face significant socioeconomic barriers”, stated the former chief of Wet’suwet’en First Nation. “LNG and natural gas development are not just an opportunity; they are a national imperative.

“Billions of dollars in procurement benefits and revenues are flowing to First Nations.”

Call for collaboration ‘on all major projects’

The trade war with the US has galvanised and united many Canadians — but with little acknowledgement of the impacts on Indigenous communities, said Sheryl Lightfoot, political science professor at the University of Toronto.

Lightfoot is vice-chair of the UN Expert Mechanism on the Rights of Indigenous Peoples.

“These projects, by many accounts, are advancing without full consultation or transparency”, she told Al Jazeera.

“It appears that economic or geopolitical pressures … are being used to justify bypassing Indigenous rights and environmental safeguards.”

But Canada’s Major Projects Office insists it will “seek input, hear concerns and ideas, and work in partnership moving forward” with Indigenous communities — and “will not be skipping over vital project steps including consultations with Indigenous Peoples,” an agency spokesperson wrote in an emailed statement.

“We are unlocking Canada’s economic potential, while respecting our environmental responsibilities and the rights of Indigenous Peoples,”

A significant number of projects on Carney’s fast-track list are concentrated in British Columbia (BC).

Those include two liquefied natural gas (LNG) terminals on the Pacific coast — LNG Canada and Ksi Lisims LNG — as well as the electric transmission line to power the sector, and a copper and gold mine.

BC is unique in the country because, historically, very little of its land was subject to treaties between the Crown and First Nations. Canada’s top court has repeatedly ruled in favour of First Nations rights and title in the westernmost province.

All four major projects in the province have proven divisive among the region’s Indigenous peoples — even though several have the backing of individual First Nations governments.

One of those is the massive Ksi Lisims LNG plant, in which the Nisga’a Nation is a direct partner.

Co-developed with Texas-based Western LNG, the mega-project will “benefit all Canadians,” said Nisga’a President Eva Clayton.

In 2000, her nation became the first in BC to reach a modern self-government treaty.

“We are co-developing the Ksi Lisims LNG project on land that our nation owns under our treaty,” she told a parliamentary committee on February 24.

“This project is expected to bring in 30 billion [Canadian] dollars [$22bn] in investment, create thousands of skilled careers, and strengthen Canada’s leadership in low-emission LNG.”

‘Elbows up’ meets opposition

But LNG is fiercely opposed by other nearby First Nations.

Tara Marsden is Wilp sustainability director for the Gitanyow Hereditary Chiefs, traditional leaders of the 900-member Gitanyow community.

“We have a lot more concerns and evidence regarding impacts in our territory,” she said.

“The federal government has done zero consultation on their fast-track list and the projects that actually affect our territory.”

Gitanyow oppose the BC projects on the fast-track list as harming their interests.

She said Ottawa cannot ignore First Nations opposition, even if there is support from others like the Nisga’a.

“They have a right to develop in their own territories”, said Marsden. “But if you have maybe 20 to 30 First Nations whose territory would be crossed — and you get maybe three on board — that’s not a resounding consensus.

“They’re just trying to use this small handful of nations to steamroll over everybody else.”

If Canada truly wants to strengthen its sovereignty and economy, she said, it must do so alongside Indigenous people.

“This is something that First Nations across the country have been saying since Carney took the ‘elbows up’ approach,” Marsden said.

“The government has really just ignored that … and actually now back-stopping these mega-projects with taxpayer dollars.”

Free, prior and informed consent

McGill University economics lecturer Julian Karaguesian served for decades in the Department of Finance and Canada’s Embassy in Washington, DC.

He agreed that most Canadians support Carney’s attempt to boost the economy with “nation-building” projects.

“I think they’re a fantastic idea”, he told Al Jazeera. “But we’ve committed to consultations with First Nations, Metis and Inuit people.

“Once we’ve started compromising on economic and social justice … we can create bitterness. First Nations leaders understand the situation we’re in, and I think [Ottawa] can work with them.”

Even on projects endorsed by some First Nations, the international legal principle of “free, prior and informed consent” must still apply to other communities impacted, said Lightfoot.

That’s “not simply a procedural requirement” to rubber-stamp projects, she said.

“It is a substantive right, anchored in Indigenous peoples’ self-determination and their ability to make decisions about matters that affect their lands, communities, and futures.”

And that could risk slowing down Carney’s hopes to speed through projects if there is no Indigenous consensus — potentially tying more divisive ones up in the courts.

“Failure to include Indigenous knowledge and decision-making early in the process,” Lightfoot said, “can undermine the legitimacy and fairness of project approvals.”

Carney’s ratings among First Nations are “mixed,” says AFN’s national chief. One positive, she noted, is his openness to meeting Indigenous leaders raising concerns.

But with many of the prime minister’s economic hopes dependent on building “national interest” infrastructure on First Nations homelands, Woodhouse Nepinak said the relationship needs care.

“Carney is at a crossroads in his personal relationship with First Nations,” she said.

“And we understand First Nations rights are under threat in new ways by this government.”

March 13 (UPI) — A federal judge this week quashed subpoenas the Department of Justice had issued to Federal Reserve Chair Jerome Powell because they were issued to pressure him into adjusting interest rates.

Judge James Boasberg redressed the DOJ for the subpoenas, saying that their purpose had nothing to do with a probe about renovations at the Federal Reserve in Washington, D.C.

The DOJ in January launched a criminal investigation into Powell’s testimony last year about the renovations, which Powell at the time said were “pretexts” to punish him and the Fed after they did not set interest rates at levels demanded by President Donald Trump.

“The Government has produced essentially zero evidence to suspect Chair Powell of a crime; indeed, its justifications are so thin and unsubstantiated that the Court can only conclude that they are pretextual,” Boasberg wrote in the opinion.

The department in January issued grand jury subpoenas in reference to Powell’s comments about the multi-year project to renovate the Fed’s office buildings during his June 2025 testimony before the Senate Banking Committee.

During a tour of the renovations, Powell disputed Trump’s over-estimates of the renovation’s cost, and threatened to sue him for the “horrible and grossly incompetent job” Powell had done on the project.

Overall, however, Trump has repeatedly ripped into and mused about firing Powell, which he cannot do, because the Fed chair has repeatedly said that interest rate changes would be dictated by only the market, rather than the preferences of any one person.

In the opinion, which was unsealed Friday, Boasberg said he blocked the subpoenas because “a mountain of evidence suggests that the Government served these subpoenas on the Board to pressure its Chair into voting for lower interest rates or resigning.”

If David Nihill was a philosopher, his credo might be “I digress, therefore I am.”

Instead, Nihill is a comedian. Kind of. “I don’t know if I think of myself in those terms,” says Nihill, whose “Cultural Appreciation” special has 2.5 million views on YouTube. “I wouldn’t even call mine comedy specials.”

Nihill is a conversational storyteller who rarely even moves on stage. “I don’t know how to do performance,” he says, “but I do know how to talk.”

His current show, “Taking Tangents,” which takes him to Irvine, Pasadena and Los Angeles from March 13 to 17, is a wide-ranging collection of tales, with some material shifting from show to show. We’ll come back to it, but first, a few tangents.

Growing up in Ireland, Nihill, 47, struggled to learn, hampered by dyslexia — “I came in the lowest five percentile in the whole country of Ireland for spelling, and I didn’t even spell my name right on the test” — and an aversion to math. He was made to feel inferior because of his difficulties. “I was 100% in the ‘I am a moron’ category,” he says.

Nihill was shoved into a vocational program and most of his friends dropped out of school. He stayed in, but even when his father offered to buy him a Super Nintendo for certain math scores, Nihill fell short. His father bought it for him anyway, he says, “but I sold it and bought myself a motorcycle even though I was 15 and not legally old enough to drive.”

He finished high school and became a poorly paid, overworked apprentice electrician. That was enough to motivate him to go to college; there, he figured out how his brain worked and how to learn. He even developed a passion for reading: His last show, “Shelf Life,” wove in dozens of book recommendations.

During our conversation via video after a New York show, I’d ask one question, then follow Nihill as he ambled through his personal history. He started with a story about jumping off a cliff in Greece and shattering his leg — a part of “Tangents” — then going to Australia, before he stumbled into a master’s degree studying business back in Ireland (despite botching his application). A new friend there took him to his first-ever comedy show in Glasgow — there are even tangents within his digressions — before getting him a job with Enterprise Ireland, the government’s investment fund to boost Irish business overseas. That landed him in San Francisco, part of the “Cultural Appreciation” special. He left to pursue business opportunities in Mexico but, due to a hurricane, somehow ended up in Chile, spent a year wandering north toward America, and then scored an internship in Colombia.

Nihill is a conversational storyteller who rarely even moves on stage. “I don’t know how to do performance,” he says, “but I do know how to talk.”

(Jim McCambridge)

Eventually, Nihill’s story works its way to his current career, which began by accident. “It was never a dream or a goal,” he says. A friend in San Francisco had suffered a spinal cord injury and Nihill wanted to run a fundraiser, but dreaded public speaking.

That leads to a minor diversion, back to a college public speaking course in which Nihill was so terrified that he got drunk before his presentation and introduced himself “as an exchange student from Southern Yemen.”

In San Francisco, he started doing live comedy to overcome that fear. Meanwhile, his business background led him to see an opportunity and he created FunnyBizz, a company and conference where comedians help teach business leaders, like Kevin Harrington of “As Seen on TV,” how to use humor to communicate. The business bankrolled Nihill’s early days in comedy.

While Nihill has lived in America for years, most recently in Los Angeles, he remains passionately Irish, which shapes his shows in several ways.

In Ireland, “your nature is to just default to funny stories.”

He says American stand-up is about taking a topic and making it funny, aspiring for a five-minute joke-filled late night TV spot. Irish comedians say, “This thing happened to me and I think that’s funny. Let me just repeat it.”

The new show is named after “tangents” so that Nihill can go down different rabbit holes each night if he wants. “My head is always doing 60 different things,” he says, and he loves keeping his storytelling “free form and unfiltered,” whether he’s in a pub or on stage (or, apparently, in an interview).

The new show’s subjects will be familiar to Nihill’s fans: his parents, his foolish behavior (there are drunken college-age antics in a story that somehow eventually weaves in White House press secretary Karoline Leavitt) and Irish culture. “There are few countries that punch above their weight in social justice and social impact,” he says, and he always looks to draw connections with other cultures around the world. But the observations and connections he draws are new.

In New York, he added a bit about how 35% of Jamaicans have some Irish roots, quipping “imagine how fast they’d be without that” (in a nod to legendary sprinters like Usain Bolt). But for Nihill, that joke only works if it’s couched within the larger context of the cross-cultural connections, including the fact that Jamaican-born political activist Marcus Garvey drew upon the Irish independence movement for inspiration.

“There has to be some social value to doing it,” he says, although he’s quick to add his comedy isn’t overtly political. “My dad’s a teacher and that lives inside of me. Humor can be the ultimate tool for social activism. I am deliberately getting people to expand their minds in understanding these connections. I want comedy that makes everyone feel good and maybe learn something.”

Nihill on stage at Hollywood Improv.

(Jim McCambridge)

That “feel good” part is central: While he discusses his mother’s death from cancer last year, he leaves out a beautiful but poignant part of their final days together. “I’m deliberately avoiding that,” he says, because he wants to maintain an upbeat mood.

He digresses to tell me the story, however, and it’s literally longer than this entire article’s word count. “A very long answer to a very short question,” he admits, before swerving into a tale about back when his father had overstayed his visa in New York — it involves his dad being interviewed on CNN, getting into a bar fight and avoiding deportation because the immigration officer hailed from County Cork and Nihill’s dad burst into a song from there, earning him a six-month visa extension. The humanity of that scene “in contrast to a 5-year-old being dragged off to a detention center” may end up in a future Nihill show.

Nihill loves sharing the stories that come from observing and listening to people but says he doesn’t love the spotlight, which, he admits, makes comedy an odd career choice. He says he prefers telling stories to just a few people.

“With comedy, the best part for me is that before a show I eat half a chocolate bar and I leave the other half in the hotel room,” he says. “After the show, I get to finish it. That’s true happiness.”

WASHINGTON — House lawmakers were digging into Jeffrey Epstein’s sprawling financial portfolio on Wednesday as a committee deposed his former accountant and tried to understand his connections to some of the world’s wealthiest men.

Richard Kahn, who worked closely with Epstein for years and now serves as an executor of his estate, appeared for the closed-door deposition on Capitol Hill. He told lawmakers that he had not personally seen evidence of Epstein’s sexual abuse, but provided a fuller picture of how Epstein acquired his wealth. The wealthy financier made hundreds of millions of dollars over two decades, during which he struck up friendships with some of the world’s most powerful men.

Kahn “was under the impression that Epstein made his money as a tax advisor and a financial planner,” said Rep. James Comer, the Republican chair of the House Oversight Committee. Lawmakers argued that a fuller picture of Epstein’s finances could help the public understand how, for years, he was able to get away with trafficking and sexually abusing underage girls.

“Jeffrey Epstein’s sex trafficking ring would not have been possible without Richard Kahn, who managed Epstein’s money for years, authorized payments, including payments to victims and survivors,” said Rep. James Walkinshaw (D-Va.), who added that Kahn told them he was unable to recall details of some of the transactions and communications that he was asked about.

Kahn has said that he was unaware of Epstein’s sexual abuse and had not seen any of his victims.

Comer (R-Ky.) also said that lawmakers confirmed during the deposition that Epstein received significant amounts of money from former retail shopping chain executive Les Wexner, hedge fund manager Glenn Dubin, tech entrepreneur Steven Sinofsky, investor Leon Black and the Rothschilds, a wealthy banking family.

None of those people have been accused of wrongdoing in their relationships with Epstein, but Democrats on the committee argued that anyone with ties to the wealthy financier should be scrutinized. Wexner was deposed by the committee last month, and Comer has also called on Black, among several others, to appear for transcribed interviews.

Kahn also told lawmakers that Epstein had financial ties to Ehud Barak, who was the prime minister of Israel from 1999 to 2001, according to Democratic Rep. Suhas Subramanyam. Barak has not been accused of wrongdoing and has said he regrets his friendship with Epstein.

Comer also said Wednesday that the committee has reviewed over 40,000 documents that it subpoenaed from JPMorgan Chase and Deutsche Bank. Epstein was connected to at least 64 business entities, according to Comer.

Republican President Trump has strongly denied any wrongdoing in his own ties to Epstein, and Comer said that Kahn had never seen any financial transactions between Epstein and Trump. Comer said that Kahn is the latest witness to testify that they had never seen Trump doing anything wrong with Epstein.

“The investigation’s about getting the truth to the American people, trying to figure out how the government failed, answer questions we all have,” Comer said.

Groves writes for the Associated Press.

The war in the Middle East is exposing how dependent the world is on a handful of strategic chokepoints.

The Strait of Hormuz – a narrow waterway in the Gulf – is closed.

The longer this goes on, the faster the global energy map could be reshaped.

From Europe to Asia, countries are facing mounting supply risks and the threat of an inflation shock.

If the conflict between the US, Israel and Iran drags on, alternatives will be hard to find.

But, Russia is shaping up to be a major beneficiary, with soaring prices filling Moscow’s coffers despite Western sanctions.

The United States and Israel’s war on Iran has caused the largest energy supply shock in decades.

The Strait of Hormuz is in effect closed, and attacks are being carried out on energy facilities in the Middle East, rattling oil markets.

From Americans filling their tanks at the pump to European factories and Asian economies, the impact is already being felt.

US President Donald Trump says the rise in oil prices is a “very small price to pay” for “safety and peace”. But investors warn that if the conflict drags on, there’s danger of stagflation.

March 9 (UPI) — G7 finance ministers were set to hold an emergency meeting first thing Monday to discuss oil prices after Brent crude surged above $100 per barrel, with an option to release strategic reserves to calm the market on the table.

The virtual meeting, due to get underway at 8.30 EST, comes amid fears that disruption to oil and gas shipments from the Gulf via the Strait of Hormuz, which Iran has closed, could continue for some time, sending energy prices soaring and rattling financial markets.

The joint release of “emergency reserves,” if agreed, would be coordinated by the International Energy Agency, according to the Financial Times.

If G7 nations do release oil reserves, it would be the first time in four years since a crisis triggered by Russia’s full scale invasion of Ukraine triggered similar price shocks, although gas was hit the worst.

Exacerbated by escalating attacks on Gulf countries’ oil fields, refineries and storage plants — impacting their ability to produce and store product, as well as export it — Bent crude jumped more than 25% in Asian trade Monday, hitting a $119.50 per barrel high, before falling back with the price of West Texas Intermediate making similar moves.

Investors also reacted to fears that the crisis will push inflation and borrowing costs higher, with negative impacts for the global economy.

The key Nikkei 225 index in Japan slumped by more than 5% to end Monday down 2,892 points lower, with the jitters spilling over into Europe when the markets there opened.

At lunchtime Monday, the FTSE 100 in London was down 1.4%, Germany’s DAX was down 1.6% and the CAC 40 in Paris was off by more than 2.2%.

Former IEA head Neil Atkinson warned that unless there was a resolution to the situation in the Gulf and flows of oil resumed “very soon” the world faced a “potentially game-changing and unprecedented energy crisis,” even if the reserves were made available.

“Though there are oil stocks around the world, the point is that if this closure of the Strait persists, those oil stocks if they are deployed will be depleted and we are going to be in a situation where, with the oil production actually shut in, in Iraq and possibly in Kuwait and maybe even in time in Saudi Arabia, that we are going to be in a crisis the likes of which we have never seen before,” Atkinson told CNBC.

The South Korean won fell to a 17-year low against the U.S. dollar Monday amid heightened market volatility as oil prices spiked following the expanding conflict in the Middle East.

The won was quoted at 1,495.5 won per dollar at 3:30 p.m., down 19.1 won from the previous session, marking the weakest level since March 12, 2009, when the won-dollar rate hit 1,496.5 won during the global financial crisis.

After opening at 1,493 won, the won-dollar rate touched 1,499.2 won at 10:22 a.m., the lowest intraday level since that day, when the rate reached 1,500 won.

Investor sentiment was dampened by instability in global energy prices. The U.S. benchmark West Texas Intermediate (WTI) crude surpassed US$100 per barrel for the first time since July 2022 on Sunday (U.S. time).

The recent decline in the won has also been driven by a broad dollar rally amid concerns that the U.S.-Israeli operation could escalate into a prolonged regional war.

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OAKLAND — Betty Yee knows what people are thinking. She’s heard what they’ve said and read the many emails she’s gotten.

The former state controller has been running for California governor longer than just about anybody in the cheek-by-jowl field. And yet the Democrat is bumping along near the bottom, a blip in polls and a laggard in the money chase.

But no, Yee said, she has no intention of quitting the race, as she’s been urged, and no fear that, by staying in, she’ll help two Republicans advance to November’s runoff, locking Democrats out of the governor’s office for the first time since George W. Bush was president.

“I just don’t see it,” Yee said, given the way Chad Bianco and Steve Hilton, the top GOP contenders, are smacking each other around, hoping to emerge as the undisputed Republican standard-bearer.

Beyond that, she said, it’s not as if anyone’s running away with the contest; most polls have shown the leading candidate — which depends on the survey — standing atop the pile with around 20% support.

That isn’t exactly landslide territory.

“The public is still shopping,” Yee said. “In the next month or so, we’re going to try to get [a TV ad] on the air, basically make our case and hope that can spread as voters are getting more focused on the race.”

Which is not to say Yee is delusional.

“As a candidate, I make that assessment every day about whether we’re going to be viable or not,” she said last week, just before stopping by the Alameda County voter registrar‘s office to file paperwork for the June 2 primary.

“Right now, it’s less than a 50-50 chance,” Yee said, suggesting it’s her job to boost those odds by getting voters to appreciate what she offers, which amounts to unvarnished talk about the challenges facing the next governor and the ways Sacramento — which has been run for years by fellow Democrats — isn’t working.

“ ‘Accountability’ has kind of become a dirty word … where it’s about who we’re going to throw under the bus, rather than stepping back and saying, ‘What have we gotten for the dollars that we spend and, if we’re not getting those outcomes, how do we do better?’ ”

Yee served two terms as controller, in effect the state’s chief financial officer, and 10 years before that on the Board of Equalization, which oversees property tax assessments. She’s isn’t trying to buy the governorship, like billionaire Tom Steyer, or leverage her political celebrity, like cable-TV fixtures Katie Porter and Eric Swalwell. Instead, Yee is running a grassroots campaign, visiting nearly all 58 California counties and holding as many face-to-face meetings as humanly possible.

“I’m in the trenches,” she said. “I knock on doors every election cycle because to me, that’s the reality check of where people really are in terms of their lives.”

Which is certainly an admirable approach, albeit a rather idealistic strategy in a state of nearly 23 million voters, spread over roughly 800 miles from north to south. It would take more than two years of round-the-clock campaigning just to give each and every one a quick handshake.

The most notable feature of Yee’s candidacy is her message. She’s not selling barn-burning populism or viral take-downs of President Trump — “I don’t have any gimmicks, I don’t swear, I don’t have a reality-TV show personality” — but rather practical know-how and a deep understanding of state government.

It’s almost quaint in today’s theatrical political environment.

Seated at a sidewalk table outside a coffee stand in downtown Oakland, Yee focused on California’s stretched-thin budget, which happens to be her area of expertise.

“People ask what would you do in your first days as governor, if you have the privilege of serving,” Yee said, as her butterscotch latte sat cooling. “I’d come clean with the voters about where we are fiscally.”

After years of surpluses, she said, the state is spending more than it can afford. Facing a structural deficit, the next governor will have to cut programs and raise taxes, not just one or the other, with corporations and California’s richest residents being forced to cough up more. (She’s dubious, however, of a proposed November ballot measure imposing a one-time 5% tax on billionaires, questioning whether it would stand up in court.)

Sacramento’s credibility, Yee suggested, is on the line.

Before any expansive new programs can be implemented — and she has some notions for how to make life more affordable, increase access to healthcare and create jobs — Californians have to be convinced their tax dollars are being well spent and delivering proven results. “I would really insist on and invite stricter accountability of what we do with our money,” Yee said.

She’s not beyond criticizing the current administration.

“I mean, I’ve been termed out as controller since January 2023. I still get calls from companies in the [European Union], Canada, even Mexico about how we want to do business with California. Who do we talk to?” Yee said. “So I’ll send them over to the governor’s Office of Business Development and they tell me, ‘Well, we try to call people, but nobody’s answering our call.’ ”

(In response, a spokesman for the Office of Business and Economic Development touted California as “a premier hub for international business” and described foreign trade and investment as major drivers of the state economy.)

As for Gov. Gavin Newsom, while she supports his teenaged trolling of Trump, she said it shouldn’t be done through official channels, , or on the taxpayers’ dime.

“We have to focus on making the state work,” Yee said, “and that’s where I’m more focused on because people … want service delivery. They want government to be responsive to their needs. Somebody just pick up the damn phone on the other line to help them.”

Tough medicine, as she described it, and “stabilization” — which is “kind of my theme” — won’t make a great many hearts go pit-a-pat. But Yee hopes that straight talk and her distinct lack of ornamentation will count for something with California voters.

“The climate now is that people are very drawn by the performative approaches,” she said. “However, I think that will change. I want to give [voters] credit, because I do think they are very discerning when they’re ready to mark their ballot.”

The coming weeks will test that premise. And Yee is staying put.

March 6 (Asia Today) — LG HelloVision is still struggling to revive its mobile virtual network operator business, with subscriber growth and revenue showing little momentum despite broader expansion in South Korea’s budget mobile market.

The company said its budget mobile revenue rose to 156.7 billion won ($118 million) last year from 156.1 billion won ($117 million) a year earlier, an increase of just 0.4%.

The business remains one of LG HelloVision’s key revenue sources, accounting for about 10% of total sales. But its performance has remained largely flat as subscriber growth has slowed.

LG HelloVision said its budget mobile subscriber base, including internet-of-things lines, stood at about 770,000 in the first half of last year, up only about 20,000 from a year earlier.

Industry analysts said the company received limited benefit from increased number-transfer demand that followed last year’s telecommunications hacking incident.

South Korea’s three major wireless carriers responded with aggressive marketing campaigns to attract subscribers, reducing the spillover effect that smaller operators such as LG HelloVision had hoped to capture.

Its parent company, LG Uplus, reported about 21.7 million mobile subscribers last year, up 6.6% from about 20.4 million a year earlier. Mobile service revenue rose to 6.67 trillion won ($5.01 billion) from 6.43 trillion won ($4.83 billion).

One industry official said LG Uplus, which was seen as less affected by the hacking fallout, appeared to absorb a large share of switching demand through aggressive marketing.

Analysts also pointed to LG HelloVision’s cautious approach to new pricing plans and promotions as another reason for the prolonged slump.

The company has faced profitability pressure while growth in its core pay television business has stalled. After posting operating profit in the 40 billion won range in 2023, it has remained in the 10 billion won range over the past two years.

Aside from a new plan introduced late last year that included compensation for financial fraud such as voice phishing, the company has made few notable changes to its budget mobile offerings.

LG HelloVision said it plans to try to revive subscriber growth this year with a new promotion tied to next week’s launch of Samsung Electronics’ Galaxy S26 smartphone series.

Customers who buy a Galaxy S26 device and sign up for one of the company’s plans will receive a 30,000 won ($23) gift certificate. Subscribers to its Coupon Pack plan will also receive additional coupons worth 120,000 won ($90).

The company has also added artificial intelligence features to improve the sign-up process. On its website, users can enter their preferences and receive tailored plan recommendations along with summaries of customer reviews.

Still, analysts say competition with the three major wireless carriers is likely to remain a challenge.

Industry observers expect another round of large smartphone subsidies this year, led in part by KT, which reportedly lost a substantial number of subscribers earlier this year after penalty fees were waived for some customers.

Given the structure of the budget mobile market, analysts said LG HelloVision may need to focus more heavily on low-cost promotional plans and more specialized offerings aimed at specific customer groups.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260306010001749

March 6 (UPI) — The military escalation in the Middle East has shaken global energy markets and put Latin America on alert. The rise in oil prices opens an uncertain scenario if the conflict drags on, but it also generates expectations among the region’s exporting countries.

In that context, Argentina is following the crisis with caution, but also with interest. A more expensive barrel of oil can translate into higher export revenues, which is important for an economy that seeks to increase foreign currency inflows and strengthen its fiscal accounts.

Attention is focused on Vaca Muerta, one of the world’s largest reserves of unconventional oil and gas. The field is in the Neuquén Basin in Argentine Patagonia, and has become the country’s main energy bet.

From there, companies and analysts are closely watching every signal coming from the Middle East. In the sector, a cautious attitude prevails, summed up in the logic of wait and see.

According to data from consulting firm Gas Energy Latin America, the price of a barrel rose from about $64 to nearly $76 after the escalation of the conflict. The jump of around $12 benefits countries that sell crude abroad. Brent Crude was trading at about $93 on Friday as prices continue to rise largely because of oil tanker disruption in the Strait of Hormuz.

Álvaro Ríos Roca, former hydrocarbons minister of Bolivia and director and founder of the firm, told UPI that many Latin American countries depend on selling raw materials such as oil, minerals or agricultural products.

He said these countries earn money mainly from those resources because they do not produce or export much science or technology.

For that reason, when the price of oil rises, countries that produce it earn more money and the state also receives more taxes. That money helps them maintain their public finances, which are often weak.

In this scenario, the analyst identified three clear beneficiaries: Brazil, Guyana and Argentina. All three export more oil than they import, so the price increase is directly reflected in their revenues.

Even so, Ríos Roca believes Argentina has an advantage within the region.

“Argentina has the best prospects in oil and gas. Its exports will continue growing because the international market is demanding more energy,” he said.

Part of that expectation is explained by energy projects already underway. One of them is a mid-scale liquefied natural gas initiative led by Pan American Energy that aims to begin exports in the second half of 2027.

In parallel, another larger project promoted by YPF plans to start large-scale sales between 2030 and 2031. Both projects aim to turn Argentina into a significant exporter of natural gas in the global market.

The situation is different in Brazil. The country exports large volumes of oil, but does not have the same capacity to export gas. Much of the gas it produces is reinjected into oil fields to maintain the pressure that allows crude extraction to continue. Another portion is used in the domestic market.

Argentina, by contrast, bases its production on a technique known as hydraulic fracturing, or fracking. This involves injecting water, sand and chemicals at high pressure to fracture deep rock and release oil and gas trapped underground. It is the same system that fueled the U.S. energy boom over the past decade.

For now, the analyst believes oil prices will continue to be shaped by developments in the Middle East conflict.

“I don’t think it will reach $100. On the other hand, if the crisis eases in the coming weeks, the price could stabilize near $70 per barrel,” Ríos Roca estimated.

Daniel Dreizzen, former secretary of energy planning of Argentina, agrees that rising prices benefit all producing countries.

“Export revenues could increase by about 20%, in line with the rise in oil,” he told UPI.

Deizzen also pointed to a key factor in Argentina’s case: The country’s refining capacity is practically at its limit. That means any additional oil produced will be destined for international markets.

“Argentina cannot refine much more. So the extra crude is exported,” he said.

That scenario also benefits oil companies, which sell the same product at a higher price. If the domestic market follows the so-called “export parity,” internal prices tend to align with international ones. That improves profitability and may encourage new investments in the energy sector.

While some countries gain from the new scenario, others face a more complex outlook. That is the case of Mexico.

According to Ríos Roca, Mexican production will continue declining due to a lack of investment. State-owned Petróleos Mexicanos, or Pemex, carries heavy debt with contractors and has little room to finance new exploration projects.

“Mexico had very strong production for decades, but it has been in decline for years. Even Venezuela now has better prospects,” he said. In Venezuela’s case, some analysts see a possible return of international investment, which could reactivate part of its energy industry.

In contrast, several Latin American countries would be on the losing side if high prices persist. Net energy importers such as Central American countries, as well as Bolivia, Paraguay, Uruguay and Chile, will have to pay more for the fuel they consume. The same applies to many Caribbean economies, where energy costs have a direct impact on inflation and growth.

Beyond the current situation, analysts agree on a global trend: demand for natural gas will continue growing.

“There is no decarbonization of the planet without natural gas,” Ríos Roca said. In that context, liquefied natural gas trade is expanding rapidly and opening opportunities for new exporters.

Argentina seeks to position itself in that market through LNG projects being developed around Vaca Muerta. The same trend could also emerge in Venezuela, where initiatives to export gas in the coming years are under evaluation.

However, the immediate direction of the energy market largely depends on what happens in the Middle East. Both analysts concurred that the key factor is not only the duration of the conflict, but also the damage that oil and transport facilities may suffer.

“Productive infrastructure is being destroyed amid the attacks,” Ríos Roca said. If those facilities are seriously damaged, the effects on the market could last much longer than the conflict itself. In that case, the impact on oil prices would be deeper and more prolonged.

March 6 (UPI) — The Federal Bureau of Investigation is investigating what it calls a “suspicious” breach of networks containing information of ongoing investigations, though details of them have not been revealed.

The cybersecurity incident on a network used for wiretaps and intelligence surveillance warrants was confirmed Thursday by CBS News, CNN and Politico.

Investigators declined to offer more information on who was behind the breach or what may have been accessed during what the FBI called “abnormal log information” in mid-February.

The Bureau alerted Congress about the breach this week.

“The FBI identified and addressed suspicious activities on FBI networks and we have leveraged all technical capabilities to respond,” the bureau said.

The FBI, in its alert to Congress, said that the breach included efforts at “leveraging a commercial Internet Service Provider vendor’s infrastructure” in order to access the bureau’s networks.

The White House, FBI, National Security Agency and Cybersecurity and Infrastructure Agency are investigating the breach, noting to lawmakers that the system accessed in the hack contains information on targets of law enforcement investigations and it appears to have been “sophisticated.”

There have been reports that China is allegedly behind the breach, however a request for comment from UPI on Friday night about the reports had not been responded to by publication time.

“The affected system is unclassified and contains law enforcement sensitive information, including returns from legal process, such as pen register and trap and surveillance service returns, and personally identifiable information pertaining to subjects of FBI investigations,” the notice to Congress reportedly reads.

The breach has been compared to the 2024 Salt Typhoon breach that nabbed communications records for millions of people in the United States, including those of top level federal officials.

Salt Typhoon, a Chinese hacking group that is believed to be sponsored by China’s government, that year accessed a wide range of U.S. communications companies and U.S. government systems.

As the United States and Israel’s war on Iran unfolds over the coming days and weeks, the scale of the fallout for the global economy will be measured at the petrol pump.

The biggest threat the conflict poses to global economic health lies in rising energy prices.

Iran’s effective closure of the Strait of Hormuz and Iranian attacks on key energy production facilities in Qatar and Saudi Arabia have paralysed a substantial chunk of the world’s energy supply.

For a global economy already rattled by US President Donald Trump’s tariffs and what many see as his unravelling of the post-World War II order, much now depends on how long the disruption lasts.

A sustained surge in energy prices would drive up the cost of everyday goods.

Central banks would then likely raise borrowing costs to curb inflation, dampening consumer spending and dragging down economic growth.

“It’s really a question on how long the disruption of flows through the Strait of Hormuz lasts and whether there will be destruction of physical assets,” said Anne-Sophie Corbeau, an analyst at Columbia University’s Center on Global Energy Policy.

“For the moment, the market is pricing a short disruption and no destruction. But that may change in the future. We simply do not know right now how this whole crisis ends.”

While Iran’s threats to shipping have halted traffic through the Strait of Hormuz, the conduit for one-fifth of the world’s oil, crude prices have seen relatively modest gains so far.

Brent crude hovered about $84 a barrel on Friday morning, US time, up about 15 percent compared with pre-conflict prices.

That gain pales in comparison with past crises.

During the 1973-74 oil embargo led by OPEC’s Arab members, prices quadrupled in just three months.

Since then, the world’s dependence on Middle Eastern oil has declined substantially.

Today, the US is the biggest producer globally, producing some 13 million barrels a day, more than Iran, Iraq and the UAE combined, according to the US Energy Information Administration.

But if supply disruptions extend beyond a few weeks, oil prices could rise precipitously.

Storage capacity constraints

The seven oil-producing Gulf nations – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – are likely to run out of crude oil storage capacity in less than a month if the Strait of Hormuz remains closed, according to an analysis by JPMorgan Chase.

With storage capacity depleted, producers would be forced to cut production.

“While there will be some capacities elsewhere, and some options to use pipelines rather than shipping, it is incredibly difficult to replace the sheer volume as we are talking about an average of 20 million barrels of oil per day that usually cross the Strait of Hormuz,” said Sarah Schiffling, a supply chains expert at the Hanken School of Economics in Helsinki.

“This important maritime chokepoint provides very significant leverage in the global economy.”

This week, Goldman Sachs analysts estimated that global oil prices will likely hit $100 a barrel – a threshold not seen since Russia’s 2022 invasion of Ukraine – if shipping through the waterway stays at the current reduced levels for five weeks.

In an interview published by The Financial Times on Friday, Qatar’s energy minister Saad al-Kaabi warned that producers in the region could halt production within days and that oil could soar as high as $150 a barrel.

Such increases would reverberate through the global economy.

The International Monetary Fund has estimated that global economic growth is reduced by 0.15 percent for every 10 percent rise in oil prices.

The pain would not be spread evenly.

About 80 percent of the oil shipped through the strait goes to Asia.

India, Japan, South Korea and the Philippines, which are all highly dependent on foreign energy imports, would be among the economies most vulnerable to spikes in the cost of necessities such as food and fuel.

“The effect would be felt in Asia and Europe in particular,” said Lutz Kilian, an economist at the Federal Reserve Bank of Dallas.

“Some countries, such as China, have ample oil reserves to help weather a temporary outage, while others do not.”

Liquefied natural gas (LNG), which is also shipped through the strait and has fewer alternative suppliers outside the region than crude oil, has already seen much steeper price rises.

European prices of LNG surged by as much as 50 percent on Monday after state-run QatarEnergy, which ships about one-fifth of global supply through the waterway, announced a halt to production following drone attacks blamed on Iran.

“Gas will be more impacted because the market was still relatively tight and stocks are low in Europe as we are at the end of winter; also, there is no replacement for the LNG lost,” Corbeau said.

Prolonged uncertainty

With US President Donald Trump signalling that he intends to continue the assault on Iran for at least several more weeks, the extent to which Tehran is willing – or able – to keep the strait closed will be critical to the global economy.

At least nine commercial vessels have been targeted in attacks in or near the strait since the start of the conflict, prompting multiple insurance firms to cancel coverage for vessels in the Gulf.

While traffic through the strait has not halted, it is down about 90 percent compared with normal levels, according to ship tracker MarineTraffic.

“The uncertainty itself is probably the most dangerous part. Supply chains hate uncertainty,” Schiffling said.

“It is possible to plan for almost anything, but not knowing what will happen makes it really challenging to adapt operations.”

On Wednesday, Trump said he had ordered the US International Development Finance Corporation to start insuring shipping lines in the region in order to keep trade flowing.

Trump also said the US Navy could begin escorting vessels through the strait if necessary.

“As long as Israel and the US are able to suppress Iranian drone and missile attacks in the strait to the point that the bulk of the oil tankers gets through, and as long as the United States provides back-up insurance for shippers and their cargo, the global economy may make it through this war without a recession,” Kilian said.

“On the other hand, if there is a severe disruption of oil traffic, the economic costs will grow the longer the disruption lasts.”

BRITISH Airways is launching the world’s largest business class cabin this year.

This week, new information about British Airways‘ new business class seats was leaked.

The leak included the proposed seat plan, revealing the expected layout of the airline’s new A380 cabin.

The new Airbus A380 configuration will feature 110 Club World seats, making it the largest business class cabin on any aircraft.

BA is set to start refurbishing its A380s in the second quarter of this year and inside the refitted planes, passengers will find Club Suites – the newest business class offering.

The suites will feature a privacy screen door, a special lining that reduces noise, a 53.3cm-wide seat and a 200cm bed.

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Passengers will also be able to make use of a 47cm touchscreen as well as side bins and cabinets for their belongings.

Every seat will also have direct aisle access.

The number of premium seats will increase, meaning that the total capacity of the aircraft will be lower.

According to the leaked seat plan, the main deck will feature 12 new first class suites, 84 premium economy seats and 215 economy seats.

The upper deck will be just for Club World business class, with 110 seats in total.

In comparison, this will be a 48-seat reduction compared to the current layout which features 14 first class seats, 97 business class seats, 55 premium economy seats and 303 economy seats.

Club Suites are already available on all A350s, 787-10s, and most 777s from London Heathrow Airport.

In mid-2026, British Airways is also set to introduce its new First seat.

The seats are designed to have a “modern luxury hotel feel” with “home comforts” and “thoughtful British touches”.

The new First seat will be wider and longer and will feature an 81.2cm 4K touchscreen.

The seats will have a ‘buddy dining’ feature as well, which will allow two passengers to dine together in one suite.

There will be a multi-purpose ottoman too, and a floor-level wardrobe.

These seats also form part of the airline’s A380 retrofit plans.

British Airways mainly uses its A380s from London Heathrow to major long-haul destinations such as Los Angeles, Miami, Boston and Johannesburg.

In other flight news, British Airways has launched a business class sale with £500 off flights.

Plus, these are five of the best solo travel destinations according to British Airways experts from beach cities to A-lister hotspots.

March 6 (UPI) — Global shipping giant Maersk announced Friday it was temporarily halting two key routes linking the Middle East and Gulf region with the Far East and destinations in Europe as a precautionary step due to what it described as “the escalating” Iran conflict.

The company said in a news advisory that following an assessment of the risks to shipping in the Gulf region and an operational review, it had taken the decision “as a precautionary measure to ensure the safety of our personnel and vessels while minimizing operational disruption across our wider network.”

“For the ME11 [Middle East-Europe] and FM1 [Middle East-Far East] final eastbound voyage, we are finalizing the timing and vessel details and will update you as soon as this information is confirmed,” it added.

Maersk also said that it was suspending shuttle services within the Gulf region until further notice and that its ME1 service connecting the Middle East with Northern Europe would temporarily bypass Dubai in both directions and only stop in Oman before going straight on to India on the eastbound leg and Morocco on the return leg.

The suspensions ensure Maersk’s vessels stay clear of the Strait of Hormuz amid threats by Tehran to “set fire” to anything that tries to pass in or out of the Persian Gulf.

Markets see the Danish company as a bellwether of global trade, with the move adding to escalating supply chain disruptions due to the conflict engulfing the region following strikes launched against Iran by the United States and Israel at the weekend.

Shipping via the Strait of Hormuz, through which 20% of the world’s oil and gas is shipped out from Iraq, Saudi Arabia, Kuwait, Bahrain, the United Arab Emirates and Qatar to the rest of world, is effectively at a total stop.

At least 147 container ships are stranded on the wrong side of the strait, taking refuge in the Persian Gulf.

Security fears have prompted major shipping lines, including Switzerland’s MSC and France’s CMA CGM, to ditch plans to resume using the Suez Canal route and continue diverting the long way round via the tip of southern Africa. MSC has temporarily halted all bookings for the Middle East.

The disruption has thrown schedules, caused congestion at ports and sent freight rates for everything higher.

Shares in Maersk were trading 0.6% higher on the NASDAQ Copenhagen Exchange on Friday afternoon at $2,637 a share.

SACRAMENTO — Gov. Gavin Newsom plans to spend $19 million promoting California and dispelling “myths driven by misinformation and political rhetoric” in a marketing campaign that would run through the final months of his administration as he weighs a potential run for president.

The new contract, which is in the bidding process, comes as Newsom’s political future and national standing are closely tied to how voters view California’s economy, crime and quality of life — issues that have become central to attacks from President Trump and conservative media outlets.

The Governor’s Office of Business and Economic Development is seeking a contractor to design a statewide taxpayer-funded “California Brand Campaign,” with two-thirds of spending under the proposal to be used for paid advertising and media placements. Bidding on the contract opened Feb. 24 and is expected to end March 13.

The solicitation frames the campaign as an effort to push back on what Newsom has often described as misleading narratives about California. The campaign would launch during a period of financial uncertainty for the state, with Newsom’s January budget projecting a $3-billion deficit next fiscal year.

“California and its business climate have been falsely and maliciously maligned for years, and the state has a right to tell the true story — California is a great place to do live, work, invest and visit,” said Newsom spokesperson Tara Gallegos. “Setting the record straight will benefit every business, worker and resident of this state.”

Newsom is contemplating a run for president in 2028 and says he remains undecided about whether he will pursue the Oval Office.

State Sen. Roger Niello (R-Fair Oaks), who is vice chair of the Senate budget committee, said the language of the proposal request is concerning. He said it would make it easier to stifle criticisms of policies that he says make it difficult to do business in California.

“This is clearly part of the Gavin Newsom for President campaign, but what is most troubling to me is that this is a program to be developed by some private-sector contractor to define what is acceptable speech in the state of California,” Niello said. “That scares the stuffing out of me.”

The negative image of California — homeless encampments lining the streets, smash-and-grab robberies at malls and an exodus of residents and businesses fleeing high taxes and nanny-state governance — could be a liability for Newsom if he runs for president.

Newsom has seen his popularity surge in the last year after his fight-fire-with-fire approach to countering Trump’s rhetoric. The two-term governor has used his expanding platform, including a podcast and nationwide book tour for his recently released memoir, to repeatedly push back on Trump’s criticisms of California. He argues that California remains one of the world’s largest and most dynamic economies and the envy of other states.

The tone of the marketing campaign bid request itself echoes that message, with its introductory paragraph pulled directly from Newsom’s State of the State speech in January.

“California has never been about perfection,” it reads. “It’s about persistence. The courage of our convictions and the strength to embody them. That’s the California Way.”

Mike Madrid, a Republican strategist who runs the research nonprofit Latino Working Class Project, said scrutiny of the campaign will depend on whether the ads veer into politics or overtly promote Newsom in the way federal border security ads showcased the now ousted Homeland Security Secretary Kristi Noem.

“You have to ask why now?” Madrid said of Newsom’s timing for the California ad campaign. “He’s in the eighth inning of a nine-inning baseball game. Timing and tone are everything when considering the appropriateness.”

The use of taxpayer dollars to combat negative publicity about the state and the governor isn’t new under the Newsom administration.

Newsom tapped an employee in his communications office to serve as his “deputy director of rapid response” in 2024. Staff member Brandon Richards, who made $136,000 last year, is tasked with quickly dispatching responses to information the governor’s team deems inaccurate or misleading that is spread on social media and in the media.

When right-wing accounts claimed in February that Newsom allows dogs to vote in California, Richards responded with a CBS News article reporting that a woman was charged with five felonies for registering her canine. Richards and the governor’s office pushed back on false assertions that Newsom and his wife, First Partner Jennifer Siebel Newsom, were stealing money from the state through her office that same day.

Newsom’s frustration reached a boiling point over claims about the state’s response to the Los Angeles wildfires last year. President Trump publicly blamed Newsom and “his Los Angeles crew” for the disaster, though the Republican’s claims that a lack of water in Southern California led to a shortage for firefighters were widely debunked.

Newsom’s political team launched a website in January 2025 to fight misinformation about the L.A. fires, which he said at the time would “ensure the public has access to fact-based data.” The site, www.californiafirefacts.com, no longer appears to exist.

At one point, however, it redirected viewers to the redistricting campaign website for Proposition 50, according to internet archives. Newsom championed the successful redistricting ballot measure to add more Democrats to California’s congressional delegation, a direct response to Trump urging Texas and other Republican states to reconfigure their congressional boundaries to elect more Republicans to Congress.

Newsom adopted an even more aggressive social media strategy last summer after Trump deployed the National Guard and U.S. Marines to California during federal immigration sweeps. The governor directed his team to match the brash communication tactics emanating from the White House. His aides continue to shoot down criticism and launch their own snarky assaults on Trump and his allies.

The new ad campaign appears to be an extension of his work to refute the anti-California narrative.

The request for bids says “some look at this state and try to tear down our progress. They attack our values and caricature our culture. They distort the data to diminish our accomplishments.”

March 5 (UPI) — The United States and Venezuela will re-establish diplomatic and consular relations just over two months after former Venezuelan President Nicolas Maduro was deposed from power.

The U.S. Department of State made the announcement on Thursday evening after high-ranking U.S. officials met with their counterparts in Venezuela to negotiate greater access to oil, critical minerals and gold.

“This step will facilitate our joint efforts to promote stability, support economic recovery and advance political reconciliation in Venezuela,” the State Department said in a statement.

“Our engagement is focused on helping the Venezuelan people move forward through a phased process that creates the conditions for a peaceful transition to a democratically elected government,” officials said in the statement.

U.S. Secretary of the Interior Doug Burgum met with interim Venezuelan President Delcy Rodriguez, who was installed as the country’s leader after the U.S. military captured Maduro and brought him to the United States to face charges that include narco-trafficking.

Burgum and Rodriguez were discussing oil and critical mineral opportunities, in addition to finalizing an American-brokered deal with a Singapore-based company to mine and buy $100 million in gold, The New York Times reported.

Rodriguez said after Burgum’s two-day visit that her government has “full willingness to build a joint work agenda based on respect and mutual benefits,” specifically with regard to energy and other business cooperation, Axios reported.

March 5 (UPI) — Secretary of Health and Human Services Robert F. Kennedy Jr. announced on Thursday that the department will be pushing for increased nutrition education in medicine.

Kennedy made the announcement after having communicated with dozens of medical schools in the last couple of months to increase what doctors learn about human nutrition.

Fifty-three medical schools have agreed to start requiring that every medical student complete 40 hours of comprehensive nutrition education or an equivalent this fall, the HHS chief said at a presentation of the initiative.

The push for increased nutrition education follows Kennedy’s announcement in January of new dietary guidelines and a new food pyramid aimed improving Americans’ diets.

Kennedy called the initiative a “transformative program that will reshape the way that we train doctors in this country.”

“Chronic disease is bankrupting our health system and poor nutrition sits at the center of that crisis,” Kennedy said in a news release.

Surveys have found that medical students receive as little as 1.2 hours of formal nutrition education per year, three-fourths of U.S. medical schools do not require education courses and about 14% of residency programs require nutrition courses, according to HHS.

The 53 medicals, across 31 states, that have made agreements with the Trump administration will also be eligible for federal funding to

The administration also will now require U.S. Public Health Service officers to take a minimum number of continuing nutrition education hours as part of their overall continuing education requirements, HHS said.

Since the late 1960s, doctors and health experts have noted that nutrition education does not rank high enough in medical education, NBC News reported.

Among the topics that Kennedy and HHS have suggested be considered for school curricula — a list of 71 has been circulated as the department works with medical schools to join the initiative — include nutrient deficiencies, food allergies, dietary supplements, wearable devices, composting and food safety, The New York Times reported.