XRG, the international investment arm of Abu Dhabi oil company ADNOC, has agreed to take a 32% stake in three upstream blocks in Argentina that will supply gas to the country’s first LNG export terminal — adding to the growing list of overseas LNG deals by Gulf energy majors. XRG, ...
US and Iran disagree over whether to meet in DohaUS and Iran disagree over whether to meet in Doha
Confusion reigned over whether the US and Iran will hold talks in Doha. Washington said they would meet; Tehran said its representatives would only see Qatari mediators. Iran insists vessels pass through its waters in the Strait of Hormuz as it seeks to maintain the control over the strait it ...
AI investment increasingly shapes global economyAI investment increasingly shapes global economy
The AI buildout is reshaping the global economy. Memory chip demand has already pushed consumer electronics prices up, and RAM prices are expected to increase a further 40-50% in the coming quarter. The three biggest memorymakers have seen profits and market caps surge, while shares in tech’s “Magnificent Seven” — ...
Taiwan raids offices of US IT firm Super MicroTaiwan raids offices of US IT firm Super Micro
Taiwan raided the local offices of US IT firm Super Micro over allegations that it helped smuggle Nvidia chips into China, underscoring the geopolitical importance of the world’s most advanced semiconductors. Washington has banned the export of cutting-edge chips to China, citing fears that they could give the Asian giant ...
China’s factory output in June beats forecastsChina’s factory output in June beats forecasts
China’s manufacturing activity expanded more than expected, cementing the country’s two-track economy with domestic demand still in the doldrums. The relatively upbeat purchasing managers’ index reading for this month was largely driven by the global AI investment boom and the broader export sector, but other industries in the world’s second-biggest ...
A generational shift is transforming the US-Israel relationship | Kenneth RothA generational shift is transforming the US-Israel relationship | Kenneth Roth
The Iran war has accelerated the fraying of ties. An end to unconditional US support would force a reckoning with reality A generational shift is under way in the relationship between the United States and Israel. Tensions were already palpable because of Israel’s genocide in Gaza. Benjamin Netanyahu’s role in ...
China is a clear winner from Trump’s war in Middle East, report concludesChina is a clear winner from Trump’s war in Middle East, report concludes
Beijing, whose stockpiles and renewables industry allowed it to withstand energy shock, is now gaining from global solar and EV push China has emerged as the sole winner in Asia from the strait of Hormuz crisis, according to a report published on Tuesday. The report by the Asia Group thinktank ...
Government promises to act after ‘shocking’ failings in maternity care in EnglandGovernment promises to act after ‘shocking’ failings in maternity care in England
An independent inquiry has found “unacceptable racism and discrimination” is affecting patient safety. ...
Refugees would be told to repay around £10,000 under new asylum billRefugees would be told to repay around £10,000 under new asylum bill
The Home Office will be given powers to recover costs from adults who have received asylum support under new laws. ...
Manhunt under way in France after bomb injures Ukrainian oligarch and family in MonacoManhunt under way in France after bomb injures Ukrainian oligarch and family in Monaco
The blast was caused by an explosive device which appeared to contain bolts and pellets, the head of Monaco’s government said. ...