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32d06/11⚠ sanctions · 2/5

Nvidia denies Latin America role in chip smuggling as US-China AI rivalry reaches Brazil

Nvidia’s top executive for Latin America denied on Wednesday that the region has served as a corridor for restricted chips into China, weeks after Anthropic, the American maker of the Claude AI models, alleged that Chinese labs had relied partly on smuggled processors to drive recent advances. Speaking at Web Summit Rio at a moment of intensifying rivalry between Washington and Beijing over artificial intelligence, Marcio Aguiar acknowledged that the pressure on export controls is real enough to

◇ unclassifiedchina · asia · usa
32d06/11⚠ war-conflict · 3/5

Britain’s Electric Vehicle Market Is Booming as Fuel Prices Climb

Brits are racing to get their hands on electric vehicles after a surge in oil prices triggered by the war in Iran has driven away demand for petrol and diesel cars, one of the UK’s biggest used car supermarkets has said. London-listed Motorpoint, which has seen its shares jump on the back of bumper profits, said it had seen a more than doubling of sales for EVs in recent months in a “watershed moment” for the future of the car industry. Motorpoint chief executive Mark Carpenter told City AM: “EV

◇ unclassifiedmiddle-east · russia · usa
32d06/11

Oil Held the Biggest IPO Record. Tonight It Loses the Crown.

For nearly seven years, the largest IPO in history belonged to an oil company. Not just any oil company. Saudi Aramco, the crown jewel of the world's largest crude exporter, raised $29.4 billion in its 2019 market debut, cementing what many viewed as the ultimate victory lap for the petroleum age. That record appears set to fall today. SpaceX is expected to price what will likely become the largest IPO ever, raising roughly $75 billion and surpassing Aramco's long-standing mark. The offering has

◇ unclassifiedmiddle-east · russia · usa
32d06/11

Why Power Prices Are Rising Faster in Deregulated States

Back in the last century, when neo-liberalism, deregulation, and privatization were all the rage, we, in the USA, decided to restructure and deregulate the electricity industry, on the theory that such action would bring about the same benefits to electricity consumers as it did for consumers of transportation, natural gas, and telecommunications. The idea took hold mainly in states where consumers paid high prices for electricity. The other states decided to leave well enough alone. The introdu

◇ unclassifiedmiddle-east · russia · usa
32d06/11

China Is Learning to Use Less Oil—and That's a Bigger Deal Than It Sounds

Three months into the biggest oil supply disruption in modern history, China appears to have discovered something that should make oil bulls at least a little uncomfortable. It can get by on less fuel than anyone thought. China's gasoline and diesel demand has been falling for years as electric vehicles gained market share and economic growth slowed. But the latest drop has surprised even seasoned observers. According to Reuters, gasoline sales at Sinopec, China's largest refiner and fuel retail

◇ unclassifiedmiddle-east · russia · usa
32d06/11⚠ war-conflict · 3/5

Why Household Batteries Are Becoming Strategic Assets

The Strait of Hormuz has become the pressure point of the global energy system. The war has already deprived global markets of 1 billion barrels of crude oil and petroleum products. Supply from the Middle East has been severely disrupted, and there is now rising uncertainty around Chinese refining projects and global inventories. For governments, part of the answer to this strategic crisis may now begin much closer to home. While energy security is often discussed from the top down – and pipelin

◇ unclassifiedmiddle-east · russia · usa
32d06/11⚠ war-conflict · 3/5

What's Stopping the Trans-Caspian Pipeline After 27 Years?

With the Iran war disrupting traditional energy supply routes and the West seeking to lessen reliance on Russian transit networks, Trans-Caspian corridors have again emerged as a focus of international diplomacy and investment. Several distinct regional networks gained increased attention from global players at the Baku Energy Week earlier this month, including a subsea green electricity link and the Trans-Caspian International Transport Route, also known as the Middle Corridor. But prospects fo

◇ unclassifiedmiddle-east · russia · usa
32d06/11

UK Clean Tech Firms Plan Europe's Biggest Direct Air Capture Project

UK clean energy technology firms have set up a joint venture to build and operate Europe's biggest direct air capture project. Carbon capture technology developers Airhive and Mission Zero Technologies have joined forces with Progressive Energy, a developer of low-carbon energy projects, to build a direct air capture (DAC) facility on Teesside, south of Newcastle, Bloomberg reports. The new venture, named UnionDAC, expects to begin removing carbon dioxide (CO2) from air in 2030. Two years later,

◇ unclassifiedmiddle-east · russia · usa
32d06/11⚠ war-conflict · 1/5

Savings tool: purchase check

Hey, I built a tool with Claude Code that should help me (and others) spend less money. The result is a purchase check, which, after answering questions, gives an assessment of how worthwhile a purchase is. What was particularly important to me was the price per use or price per year for regular purchases. To test it, I only published it via Claude, please help me with feedback to further improve the tool 😊 The link to the tool: https://claude.ai/public/

Social◇ unclassifiedgermany
32d06/11⚠ war-conflict · 3/5

Guyana’s Oil Boom Gets a Major Boost From $100 Crude

Oil prices remain elevated in the wake of the Iran War. Tehran’s ability to close the Strait of Hormuz has sharply crimped world oil supply, with around 20% of all petroleum consumed globally passing through the waterway. This triggered an oil shock with prices surging to levels not seen since Russia’s invasion of Ukraine. Although this is straining economies worldwide, it is creating a windfall for the tiny South American nation of Guyana, which recently emerged as a global oil producer and exp

◇ unclassifiedmiddle-east · russia · usa
32d06/11

India Flags Second Tanker Incident Off Oman Within 24 Hours

India reported on Thursday a new incident with a tanker off the coast of Oman amid escalating U.S.-Iran tensions in the area, following the death of three Indian seafarers in a U.S. hit on another vessel earlier this week. "We have learnt of an incident involving a vessel off Shinas port of Oman, earlier today," the Indian Embassy in Oman said on social media in the morning local time on Thursday. "We are closely monitoring the situation and coordinating with the local authorities for further de

◇ unclassifiedmiddle-east · russia · usa
32d06/11

Is Blackberry Primed For a Comeback?

Many people still see the word “Blackberry” and automatically think of the phones. So, I decided to dig in to see what the new hype around this name is. What if I told you that they have totally transformed their company into two different sectors: cybersecurity and physical AI. Now let’s dive into the core business of what Blackberry is mainly comprised of now. There are three segments, but only two matter. QNX which is a real time OS for safety critical systems. It is quietly already operating

Social◇ unclassifiedusa
32d06/11

Trump Says U.S. Will Hit Iran Again Tonight, Eyes Control of Its Oil Sector

President Donald Trump on Thursday threatened to seize Iran's main oil export hub, Kharg Island, and assume "total control" of the country's oil and gas markets, drawing a direct line to the U.S. operation in Venezuela as a template for what could come next in Iran. "At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points," Trump wrote on Truth Social, adding that the move would mirror what Washington "has with Venezuela, which is working

◇ unclassifiedmiddle-east · russia · usa
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