Full nationalisation of British Steel expected in king’s speech

The full nationalisation of British Steel is expected to be announced in the king’s speech this week, a year after the government took over the daily running of the loss-making business from its Chinese owner.The steelmaker, which employs 3,500 people at its plant in Scunthorpe, came under government control last April amid fears that its owner, Jingye, was planning to shut down the site.British Steel operates the last two remaining blast furnaces in the UK, but its economic control remains with the Chinese company, which bought it out of insolvency in early 2020.An announcement confirming the plans is expected in the king’s speech on Wednesday, according to the Sunday Times, but details of the speech are still being finalised.British Steel was bought by the private equity group Greybull Capital in 2016, but it collapsed into insolvency three years later

‘Degree of complacency’: are supply chains prepared for impact of ongoing Iran war?

The biggest energy shock in modern history, jet fuel shortages “within weeks”, a global recession – since Iran throttled shipping flows through the strait of Hormuz at the end of February the economic warnings have become increasingly dire.Yet 10 weeks on from the first US-Israeli attacks, share indices, companies and governments have been surprisingly sanguine. Every day the divergence grows between the eerie quiet on markets and alarming warnings of an imminent supply chain crunch.It is true that some countries have taken significant steps to mitigate soaring fossil fuel prices, with many in Asia that depend on Gulf oil urging citizens to take action to conserve energy – or, in some cases, resorting to outright rationing.Yet in Europe, the response has been more muted: motorists are feeling the pinch from higher petrol and diesel costs, and central banks have warned they may raise interest rates to constrain inflation, but wider supply chains appear to be holding up

Mistaking AI behaviour for conscious being | Letter

Richard Dawkins’ reflections on AI consciousness are striking – not because they show that machines have crossed some hidden threshold into inner life, but because they reveal how readily we can be persuaded that they have (Richard Dawkins concludes AI is conscious, even if it doesn’t know it, 5 May).Many will recognise the experience: a system that responds with fluency, humour and apparent understanding. At some point, simulation starts to feel like presence. But that shift tells us more about human cognition than machine consciousness. The error is a category one

What I saw at the Musk-OpenAI trial: petty billionaires, protests and a stern judge

For the past couple of weeks, on the fourth floor of a courthouse on a quiet street in downtown Oakland, the world’s richest man and one of the world’s most valuable startups have been at war over the future of artificial intelligence.Being one of the reporters in the room has felt like watching an updated, opposite-coast version of Tom Wolfe’s The Bonfire of the Vanities – ambition, ego, greed and the spectrum of social class on full display. The supporting cast has included Elon Musk fanboys, a stern judge and a who’s-who of Silicon Valley’s most influential people.All courtroom battles are theatre, but this one has proved to be a unique spectacle, with the judge chastising the lawyers for leading the witness, raising meritless objections and even too much coughing. With Musk on the stand, he griped that an opposing attorney had asked a leading question, to which the judge told him to “tell the jury you’re not a lawyer”

AFL to plough funds into addressing racism as league grapples with Indigenous drop-off

The AFL will divert around $300,000 from Indigenous guernsey sales towards initiatives designed to address culturally unsafe environments and racism, as the league grapples with a growing trend of First Nations players leaving the game.The number of Indigenous players in the league has dropped every year since its peak of 87 in 2020, to now where it sits at 62. Under its five-year strategy drafted last year, the AFL has targeted an increase to 89 by 2030.AFL chief executive Andrew Dillon said First Nations teenagers are getting drafted at a higher rate than their overall share of the league, but more work needs to be done to ensure players can fulfil their potential.“What we did see last year was nine Indigenous players drafted in the men’s competition, which was a bigger proportion of the 80-or-so players drafted – percentage-wise, that was a really high percentage,” he said

‘What does than mean?’: Wembanyama confused after playoff ejection for elbowing Reid

Victor Wembanyama was ejected for the first time in his NBA career after an elbow to the jaw and neck of Naz Reid as the Minnesota Timberwolves beat the San Antonio Spurs to level their playoff series.Wembanyama was whistled for an offensive foul as soon as he struck Reid, who had swarmed the Spurs star outside the paint along with teammate Jaden McDaniels after the 7ft 4in Wembanyama rebounded a missed three-pointer by the Spurs.After a video review of the play, with the fans at Minnesota’s Target Center chanting, “Kick him out! Kick him out!,” the foul was upgraded to a Flagrant 2 for excessive contact above the neck. The penalty triggered an automatic ejection, and the Timberwolves went on to win 114-109. The best-of-seven series is now level at 2-2