World Business Report

Gulf conflict overshadows defence gathering in Singapore

8 min · 29. maj 2026
episode Gulf conflict overshadows defence gathering in Singapore cover

Description

The Shangri-la forum is Asia's largest annual defence conference. Politicians, military and industry figures are all in attendance. AI giant Anthropic is valued at more than its rival Open AI. And Jeff Bezos' Blue Origin rocket self-combusts spectacularly on the launch pad in Florida.

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New York bans new data centres

New York becomes the first US state to impose a moratorium on building large-scale data centres. The measure, announced by New York's Governor Kathy Horchul, applies to all centres using 50MW or more of power and will remain in force for a year. We hear what the moratorium might mean for business. The announcement comes hours after Australia's prime minister Anthony Albanese announces tougher rules for companies wanting to build data centres there. Elsewhere, the removal of a border fence separating southern Spain from the British Overseas Territory of Gibraltar puts an end to border controls that have been in place for 118 years. And our correspondent Anna Holligan looks at Europe's largest freight port in Rotterdam, which is under pressure to be greener.

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