Does a thought-experiment about US ascendancy in the technology say as much about AI jitters as it does about the reality?

It’s 2031 and the US and China are about to tear Europe into pieces.

The US ploughed vast sums into datacentres and the EU did not. China built robots and Europe did not. American companies “restructured” their workflows around AI and fired people, while EU workers went on long lunch breaks and handed over administrative tasks to the AI model Claude.

Wealth tax criticized by billionaires and Gavin Newsom would levy a one-time 5% tax on residents worth over $1bn

A popular proposal in California to impose a wealth tax on billionaires has gained enough signatures to qualify for the ballot in November, state officials announced on Wednesday.

The news is set to intensify an already heated debate around the tax, which has pitted tech moguls and the state’s governor, Gavin Newsom, against the labor union backing the measure.

US energy secretary Chris Wright featured in seminars to judges when he was a fracking executive

As cities and states sue big oil for billions in damages over allegations that it covered up the dangers of its products, rightwing organizations are attempting to discredit the wave of litigation. They claim the lawyers behind it are teaming up with an environmentally focused legal education non-profit to bias federal judges against oil companies.

But it is actually fossil fuel-backed organizations that are attempting to sway the judiciary in their favor, one of those law firms is countering. Evidence of this includes judicial seminars hosted by one such group featuring pro-industry speakers such as the current energy secretary, Chris Wright, in his former occupation as a fracking executive.

US president announces plans for two new coal plants, in Alaska and West Virginia, using Defense Production Act

Donald Trump is using wartime presidential authority to hand $700m to coal-fired power plants in the US, the latest move by the president to bolster what he called “clean, beautiful coal”, despite it being the dirtiest of fossil fuels.

“Today, we’re taking historic action to bring down the price of energy and the cost of living for all Americans with the power of clean, beautiful coal,” he said at a press conference on Thursday.

Guardian investigation shows how US presidency blurs line between policy and enrichment of American ruling family and those around it

On a graffitied Sarajevo backstreet, a path leads past an overgrown patch of garden to a white door. Beyond is the registered office of a company that is on the brink of winning contracts worth more than $1bn.

AAFS Infrastructure and Energy is close to securing a concession to build and operate a pipeline across the Balkans to allow fossil gas shipped from the US to replace supplies that come from Russia. “This could be the most important infrastructure project ever in Bosnia and Herzegovina,” says one of the country’s top officials, who, like others, asks to remain anonymous to discuss sensitive negotiations.