Taxpayer bill for saving Scunthorpe steel furnaces could top £1.5bn by 2028, auditor says

The cost of keeping the UK’s last remaining blast furnaces going at British Steel’s Scunthorpe plant could exceed £1.5bn by 2028 if it continues at its current rate, according to the government’s spending watchdog.Ministers took the plant into public control in April last year, after its Chinese owner – industrial firm Jingye – threatened to shut down the loss-making site.The National Audit Office (NAO), which monitors state spending, said the intervention saved thousands of jobs at Scunthorpe and prevented a “serious impact” on UK industry, including Network Rail, which buys steel for the railways from the plant.Shutting the plant would also have ended Britain’s “primary” steel-making ability because blast furnaces allow steel to be made from scratch, rather than relying on scrap metal

Oil company shares soar to all-time highs as Middle East war turbocharges price per barrel

Shares in big oil companies have soared to all-time highs since the war in Iran began and sparked historic price rises on global oil and gas markets.The combined market value of the six stock market-listed western “super majors” has soared by more than $130bn in the two weeks since the first US-Israeli attacks on Iran.The energy supply shock caused by the conflict has resulted in record stock market valuations for London-listed Shell, Europe’s largest oil company, as well as US oil companies ExxonMobil and Chevron.The market shock is expected to deliver multibillion-dollar windfalls for the industry, even as sites in the Middle East are hit by the conflict.US oil companies can expect a $63

AI has exposed age-old problems with university coursework | Letter

The frustration many academics are expressing about artificial intelligence and critical thinking is understandable (‘I wish I could push ChatGPT off a cliff’: professors scramble to save critical thinking in an age of AI, 10 March). But from my experience working with students on academic writing, blaming AI risks masking a problem that universities have lived with for years.In my work with students, I have long seen the ways in which thinking can be outsourced when assessment allows it: essay mills, shared past papers, model essays passed between cohorts, or heavy reliance on tutors and friends to structure assignments. Artificial intelligence did not invent this behaviour. It has simply industrialised a shortcut that already existed

Trump administration reportedly set to be paid $10bn for brokering TikTok deal

Donald Trump’s administration is reportedly poised to be paid $10bn by investors as part of a deal to create a US-controlled version of TikTok.The $10bn, considered by the US government as a sort of transaction fee, will be paid by the administration-friendly investors who took control of TikTok’s US operations from its Chinese parent company, ByteDance, according to reporting that first appeared in the Wall Street Journal.The investors in the popular social media app include software company Oracle; MGX, an investment firm based in the United Arab Emirates; and private equity business Silver Lake. These entities, along with other backers, paid $2.5bn to the US treasury when the deal closed in January and are set to make further payments in the unusual arrangement until the total hits $10bn

USA 2-1 Dominican Republic: World Baseball Classic semi-final – as it happened

You can read the full report from tonight’s game here:Post-gameWell that call was ridiculous. It should be runners at the corners with Tatis coming up, but instead it’s all over and I can’t wait to never see that happen again in a big game with the coming of ABS. Man, that is just one of the worst calls in a big spot I have ever seen. We’re talking Don Dekinger bad.But overall, it was a very well played, tight, exciting ballgame

Father and son amateur cricketers combine for mammoth partnership of 590

Darren Cheek will never forget the time he hit 184 against Morphettville Park in 1996 – not for the century, but for the joy of hearing his nine-year-old son Sam cheering excitedly for him from the sidelines.On Saturday in Adelaide, however, the father and son made a new memory as they combined for an opening partnership of 590, against the very same club.Darren, 63, and Sam, 38, were at the crease for the full 40 overs for the Coromandel Cricket Club in their Section 8 match at the Ascot Park primary school oval.Sam hit an unbeaten 402 of 137 balls including 42 sixes and 30 fours, while Darren scored 175 not out off 108 to make a rather impressive-looking scorecard.“We knew that we had to have a big win and we had to get a big percentage quotient on our ladder to get up into the final,” Darren said