Finance news

Thousands of Iranians left without water in searing heat after US hits reservoirs

Thousands of Iranians in the southern port town of Sirik have lost access to drinking water after US strikes hit two reservoirs in the area, Iranian state media said on Wednesday. The United States carried out strikes on the southern cities of Jask and Sirik and on Qeshm Island in the Strait of Hormuz, after what Washington said was Iran’s downing of a US Army Apache helicopter over Gulf waters. The strikes damaged two reservoirs supplying the Bemani and Kouhestak areas of Sirik...

Apple and Nvidia supplier Foxconn invests in Vietnam solar, wind power

New Siemens locomotives: Like a smartphone with 9,000 horsepower

Europe's railway manufacturers are increasingly relying on software and artificial intelligence. Siemens is rushing forward with a new locomotive. It even has an app store on board.

Technology: Europe's most valuable company is pushing into new markets

The chip supplier ASML plans to expand its portfolio. The Dutch are benefiting from an unprecedented boom in the semiconductor industry. Investors expect big things.

Indonesian soldiers jailed for up to 3 years over ‘arrogant’ acid attack on activist

Four Indonesian soldiers found guilty of an acid attack that left an activist blind in one eye were sentenced on Wednesday to up to three years in prison by a military court, with a judge calling their actions “arrogant”. The four, all members of the military’s Strategic Intelligence Agency (BAIS), were found guilty of premeditated assault for the attack in March that left Andrie Yunus, 27, blind in one eye. They were arrested shortly after the attack, and BAIS head Yudi Abrimantyo stepped down.

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New AI version: Apple's future now depends on Siri

With a new version of Siri, Apple wants to catch up with artificial intelligence. Experts are not very impressed - but still believe in Apple's AI success.

Chinese carmakers race Tesla on humanoid robots; BYD launches ‘God’s Eye’: 7 EV reads

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. China’s EV giants challenge Tesla in race to commercialise humanoid robots Chinese electric vehicle (EV) makers are opening a new front in their battle with Tesla: humanoid robots. After spending years competing on electric cars and autonomous driving technology, leading Chinese...

Beijing escalating AI espionage to catch up with the U.S. on tech, cybersecurity firm says

U.S. cybersecurity giant CrowdStrike said China-based entities made over half of state-sponsored cyberattacks on tech firms for artificial intelligence assets.

Oil Prices Jump After U.S. Strikes Iran Over Downed Apache

Oil prices jumped in early Asian trading on Wednesday after the United States launched what it described as self-defense strikes against Iranian military targets near the Strait of Hormuz. At the time of writing, Brent crude was up 1.03% at $92.39 per barrel, while West Texas Intermediate had gained 0.91% to trade at $89.00 per barrel. U.S. Central Command said the strikes were in response to Iran's downing of a U.S. Army Apache helicopter in the region. U.S. forces then "struck Iranian air defe

India’s military revamp to counter China, Pakistan gathers pace

India is moving closer to undertaking its biggest military revamp since independence, with the army, navy and air force placed under commanders overseeing specific theatres of conflict, amid concerns over whether such a set-up can simultaneously counter China and Pakistan. Analysts said the debate over the proposed Integrated Theatre Commands is not just about a streamlining exercise but whether India’s military could be cohesive enough to deal with border disputes and evolving threats. The...

Chinese pharmaceutical firms’ cost advantages trump Pentagon blacklist: analysts

The Pentagon added Chinese pharmaceutical contractor WuXi AppTec to a list of entities it alleges are linked to the country’s military, but the blacklisting will not stop multinational drug makers from collaborating with China’s biopharmaceutical firms, according to analysts. “We view minimal impact given multinational [companies] in pharma still prefer made-in-China for cost efficiency,” said Cui Cui, head of healthcare research for Asia at Jefferies. “Meanwhile, Wuxi AppTec earnings visibility

Rural Japan hopes to charm domestic travelers priced out of overseas trips

US launches new strikes on Iran after helicopter downed

The U.S. launched strikes against Iran on Tuesday after Trump said Tehran had shot down a U.S. Apache helicopter in the Strait of Hormuz.

Space Force contracts Viasat, Intelsat for first of new anti-jam communication sats

The two awards are collectively worth $437.7 million, according to the Space Systems Command press release.

Japan's Mitsubishi HC, Canada's Brookfield to buy European wind, solar farms in AI play

Nuclear and Natural Gas Are Teaming Up to Power the AI Data Center Boom

Data centers are placing unprecedented strain on electric grids across the country and across the world as the rapid integration of artificial intelligence into virtually every market sector unleashes an energy monster that we are woefully unprepared to feed. Meeting projected demand growth in coming months and years will require creative solutions and cutting-edge energy innovation, but it will also require an all-of-the-above approach that employs old energy systems in new ways. In one such at

Trump’s China thaw faces resistance from Congress and his own administration

On a state visit to China last month, US President Donald Trump shocked his political base with a series of rhetorical concessions. In an interview, he warmly endorsed Chinese students studying in America, supported China-linked acquisition of US farmland, and dismissed concerns over state espionage as a routine, two-way reality. It was not the first time Trump’s softer stance on China clashed with his own administration’s hardline approach. Even before the summit, he repeatedly suggested...

Poor countries even poorer: The lost decade for the poor

The World Bank warns that the accumulation of global crises is throwing poor countries off track. But there is also some hope.

In memo to CENTCOM leaders, Cooper warns of duty to protect civilians

“Our commitment to the law of armed conflict is not a constraint on our lethality,” Adm. Brad Cooper, the CENTCOM head, wrote in a memo.

Artificial Intelligence: Anthropic makes top AI model available with limitations

With the AI ​​model Mythos, the OpenAI competitor Anthropic alarmed the tech industry because it found software vulnerabilities that had been undetected for years. Now there is a version with restrictions.

Armenia Signals a Historic Break From Russia After Landmark Election

Armenia appears ready to press ahead with its geopolitical transition away from Russia toward the West after Prime Minister Nikol Pashinyan’s Civil Contract Party registered a convincing victory in the country’s June 7 parliamentary election. Pre-election polls had pegged Civil Contract’s support at a little over 30 percent. But on election day, the party garnered just under 50 percent of the ballots cast, according to preliminary figures published by the Central Election Commission (CEC). Two p

NASA's lunar program: Italians will fly on “Artemis 3” in 2027 - no Germans

NASA wants to use “Artemis 3” to prepare for future moon landings. One of the astronauts on board will be the Italian Luca Parmitano. What about Alexander Gerst and Matthias Maurer?

Nasa reveals Artemis III astronauts in next step towards moon landing

Nasa on Tuesday revealed the crew for its Artemis III mission, the next step in the space agency’s plan to eventually land astronauts on the moon. The announcement came two months after Artemis II’s record-breaking trip around the moon, which surpassed the distance record of Apollo 13. Nasa’s Randy Bresnik, Frank Rubio, Andre Douglas and the European Space Agency’s Luca Parmitano won’t fly to the moon or land on the surface. Instead, they will orbit Earth while practising docking their Orion...

Artificial intelligence: Anthropic releases new high-performance model “Fable”

Anthropic is opening its new AI model family “Mythos” to all users for the first time. The new model should be particularly secure for critical topics such as cybersecurity or biology.

EU coercive measure: WhatsApp must allow other AI providers

The messenger market leader WhatsApp offers users the artificial intelligence “Meta AI”. Other providers have to pay. Brussels fears lasting disadvantages and intervenes.

Meta: EU Commission obliges WhatsApp to allow other AI providers free of charge

The messenger market leader WhatsApp offers users the artificial intelligence “Meta AI”. Other providers have to pay. Brussels fears lasting disadvantages and intervenes.

Pentagon Sees Growing Espionage Threat From Israel - The Defense Department has increased the counterintelligence threat assessment to its highest level, and Israel is believed to have eavesdropped on Ameriсan negotiations with Iran.

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After FCAS demise, Germany’s options include ordering more F-35 warplanes

“Knowing what we know today, we wouldn’t set up a program in this way again,” Pistorius said.

Messenger service: EU coercive measure: WhatsApp must allow other AI providers

The messenger market leader WhatsApp offers users the artificial intelligence “Meta AI”. Other providers have to pay. Brussels fears lasting disadvantages and intervenes.