Following a public dispute between the US Department of Defense and AI company Anthropic, the Pentagon appears to have repositioned itself. This gives the Pentagon access to advanced AI systems, while OpenAI is contractually bound to adhere to certain security principles. The starting point was a conflict between the Pentagon and Anthropic over ethical limits on the use of artificial intelligence in a military context. Both companies are among the leading providers of powerful generative AI models and are striving to establish their technology in government institutions. ConclusionThe agreement between OpenAI and the Pentagon significantly shifts the balance of power in the AI competition for major government customers.
Source:The Guardian
March 02, 2026 05:03 UTC
The US-Israeli war on Iran has ignited fears that escalating military aggression in the Middle East could send oil prices soaring, push up prices at the pump and drive a global economic downturn. Within hours of the US-Israeli strikes, Iran’s Revolutionary Guards reportedly warned tankers in the strait of Hormuz that no ship would be allowed to pass through the world’s most critical oil trade route. At least 150 tankers carrying crude, liquified natural gas and oil products had dropped anchor in open waters across the Gulf past the strait on Sunday, Reuters reported. If the halt continues, it could block up to 15m barrels a day of crude oil from reaching their destinations. In a worst-case scenario, experts have said oil market prices could surge from about $67 a barrel on Friday night to $100.
Source:The Guardian
March 02, 2026 02:21 UTC
Then Team Trump entered the chamber to cheers and applause for Tuesday’s State of the Union address. Democrats gathered on Capitol Hill, however, regarded the people appointed by Donald Trump to his cabinet and other senior positions rather differently. Gabbard’s presence was further criticised when reports emerged that she facilitated a direct phone call between Trump and rank-and-file FBI agents. He is the most unqualified loser to ever hold the office of FBI director. But there is little sign of any members of Team Trump losing their jobs.
Source:The Guardian
March 02, 2026 02:01 UTC
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Source:The Times
March 02, 2026 01:24 UTC
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Source:The Times
March 02, 2026 00:55 UTC
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Source:The Times
March 02, 2026 00:02 UTC
Oil surges, stocks slide, dollar rallies as conflict grips Middle EastMarket Reactions to Middle East ConflictBy Alun John and Wayne ColeOil and Commodity Prices SpikeLONDON/SYDNEY, March 2 (Reuters) - Oil prices surged, the dollar jumped and shares slid on Monday as military conflict in the Middle East looked set to last for weeks, threatening to upend a global economic recovery and perhaps reignite inflation. Impact on Global Energy SupplyAll eyes were on the Strait of Hormuz, through which around a fifth of the world's seaborne oil trade flows and 20% of its liquefied natural gas. He added, however, that "a global oil price shock is not the intention of the Trump administration ahead of U.S. mid-term elections in November". A prolonged spike in oil prices would risk reigniting inflationary pressures globally, while also acting as a tax on business and consumers that could dampen demand. Currency and Energy InterplayThe dollar's traditional role as a global safe-haven currency had been challenged by erratic U.S. policymaking.
Source:The Guardian
March 01, 2026 23:59 UTC
For millions of younger Americans, the sudden explosion of Iran onto the national political stage and consciousness may seem like a bolt from the blue. In the 1980s, Hezbollah, Iran’s then-recently established Lebanese Shia proxy group, began seizing US hostages in Beirut. As some hostages were released, others were taken – and the psychic wound between the US and Iran deepened. 3:20 Why the US and Israel are bombing Iran – videoYet the deep-rooted US fixation with Iran has its mirror image. Two generations later, the spirit of revolution has once again been gripping Iran.
Source:The Guardian
March 01, 2026 23:31 UTC
But first, looking ahead this week, there is a raft of second tier data released locally, including some trade, and more importantly mortgage markets data. In China, data will be relatively light as Beijing insists its news attention is on their next five year plan meetings. The Australian 10 year bond yield starts today at 4.65%, down -2 bps from yesterday. That all means our TWI-5 starts today basically the same as Saturday, still just on 63.4. The bitcoin price starts today at US$66,168 and up +0.7% from this time Saturday.
Source:The Guardian
March 01, 2026 22:51 UTC
1 day agoNews SummaryOpenAI has secured a deal with the Pentagon to supply AI technology while adhering to ethical safeguards that prohibit its use for domestic mass surveillance and autonomous weapons. This agreement follows the Trump administration’s decision to ban Anthropic, an AI competitor, over similar ethical disputes. Anthropic, led by CEO Dario Amodei, had refused to allow its AI systems to be used for unrestricted military purposes, leading to a breakdown in negotiations with the Pentagon. OpenAI’s CEO Sam Altman emphasized the importance of maintaining ethical guidelines even as the company collaborates with the military, hoping to set a standard for the industry. The deal is seen as pivotal in balancing national security needs with ethical AI deployment.
Source:The Guardian
March 01, 2026 22:50 UTC
Iran knew its security apparatus had been compromised during the 12-day war of June 2025 when Israel killed a string of senior military commanders. A handful of Israeli fighter jets flew for about two hours and struck the compound with around 30 long-range missiles. “The US and Israel are prioritising breaking Iran’s offensive capabilities and leadership,” said Matthew Savill of the Royal United Services Institute thinktank. “The question is whether the Iranian regime can survive that and inflict enough pain regionally that brings that campaign to a halt.”Iran’s military options are limited. Iran’s Revolutionary Guards said on Sunday afternoon that they had targeted the USS Abraham Lincoln aircraft carrier with four ballistic missiles, prompting a rapid social media rebuttal from the US military.
Source:The Guardian
March 01, 2026 22:32 UTC
Gulf leaders courting Donald Trump as he decided to launch a major Middle Eastern intervention. Europe boxed out and a G7 defence minister caught so off-guard that he was grounded in Dubai as the bombs fell. “The US was saying it’s no longer really interested in the Middle East – and that’s what the national security strategy was making clear as well. “In the Middle East, Trump had rebuffed Putin’s offers to mediate and said ‘you settle your own war because you’re engaged elsewhere’,” she said. The hope that Russia might have had a year ago that it could work together with the United States in the Middle East hasn’t really panned out.”
Source:The Guardian
March 01, 2026 22:11 UTC
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Source:The Times
March 01, 2026 20:39 UTC
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Source:The Times
March 01, 2026 20:04 UTC