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Oil jumps as Iran conflict escalates, disrupts shipping

SINGAPORE, March 2 (Reuters) – Oil prices jumped 7% to their highest levels in months on Monday as Iran and Israel stepped up attacks in the Middle East, damaging tankers and disrupting shipments from the key producing region. Brent crude futures shot up to $82.37, the highest since January 2025, in the first futures trading after the U.S. and Israel launched strikes on Iran and killed its Supreme Leader Ali Khamenei on Saturday. As of 0054 GMT, Brent futures were at $78.24 a barrel, up $5.37, or 7.37%. U.S. West Texas Intermediate crude rose $4.66, or 6.95%, to $71.68 a

Nepal will hold first election since deadly protests, with 3 rivals vying to be prime minister

KATHMANDU, Nepal, February 27, 2026 (AP) — A former rapper who ran Kathmandu as a mayor. The young leader of Nepal’s oldest political party. And a communist veteran politician hoping to return to power after being ousted in youth-led protests in which dozens were killed last year. They are the three leading contenders as Nepal heads into a crucial nationwide election, the first since the protests led to the fall of former Prime Minister Khadga Prasad Oli’s government in September. Whoever prevails will become Nepal’s 16th prime minister in less than two decades, underscoring the recurring political instability that has

How China is betting cheap AI will get the world hooked on its tech

Sydney, Feb 27 (The Conversation) Artificial intelligence (AI) is at a very Chinese time in its life. Recent moves from Chinese AI labs are throwing the dominance of American “frontier labs” such as Google and OpenAI into question. Last week ByteDance, the company behind TikTok, released an AI video-generating tool called Seedance 2.0 which produces high-quality film-like clips from text prompts, with a casual disregard for copyright concerns. This week Anthropic, the US company behind the chatbot Claude, said three Chinese AI labs created thousands of fake accounts to harvest Claude’s answers in a practice called “distillation” which can be

Delhi court discharges Kejriwal, Sisodia in excise corruption case, rejects CBI chargesheet

New Delhi, Feb 27 (PTI) In a big relief to Arvind Kejriwal and Manish Sisodia, a court here on Friday discharged the former Delhi chief minister and his ex-deputy in the politically charged liquor policy case, as it refused to take cognisance of the CBI chargesheet. Besides the two leaders, 21 more were discharged in the case. The CBI has been probing alleged corruption in the formulation and execution of the erstwhile-AAP government’s now-scrapped excise policy. Special Judge Jitendra Singh rapped the federal agency for lapses in investigation, saying there was no cogent evidence against Kejriwal, while there was no

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