SoftBank Corp and mobile payments operator PayPay are in preliminary talks to invest several hundred billion yen into retail giant Seven & i Holdings, according to a report by Bloomberg News. The potential deal may also include a stake from Sumitomo Mitsui Card, a subsidiary of Sumitomo Mitsui Financial Group, though none of the involved … Read more
Pakistan has officially urged all parties to maintain their commitments under the Islamabad Memorandum of Understanding, following a declaration by U.S. President Donald Trump that the interim agreement with Iran is “over.” The 14-point deal, established last month, was designed to halt the war and open the Strait of Hormuz. Did You Know? The 14-point … Read more
Major U.S. technology companies are increasing their presence at the Calgary Stampede as the province of Alberta actively courts hyperscale data center investments. Alphabet’s Google, Meta, and Amazon have engaged in meetings and events at the annual energy gathering, signaling a shift in the province’s industrial focus toward digital infrastructure, according to industry sources. Why … Read more
Two commercial vessels, including a Qatari liquefied natural gas (LNG) carrier, were struck by drones in the Strait of Hormuz on Tuesday, according to maritime security reports. The attacks occurred as regional tensions escalated following the death of Iranian Supreme Leader Ayatollah Ali Khamenei. While the LNG carrier Al Rekayyat reported an engine room fire … Read more
Ukrainian drones struck the Omsk oil refinery in Siberia on Monday, marking one of the longest-range strikes of the war, according to the Ukrainian General Staff. The facility, which processes approximately 460,000 barrels of oil per day, is located roughly 2,700 kilometers (1,700 miles) from Ukrainian-held territory. While Russian authorities confirmed the attack, regional governor … Read more
Russia is poised to import a jet fuel cargo originating from Japan to alleviate domestic supply shortages caused by Ukrainian attacks on its energy infrastructure. According to three sources briefed on the matter, the cargo will travel through a complex logistics chain involving ship-to-ship transfers off the coast of South Korea to reach Russia. How … Read more
A Saudi Aramco helicopter crash in Ras Tanura killed 14 nationals on Sunday, according to the Saudi state news agency. The incident occurred at 6 a.m. local time on the eastern coast of Saudi Arabia, west of the Strait of Hormuz. Authorities have launched a full investigation into the cause of the crash, as Aramco … Read more
SpaceX plans to begin construction next month on an eight-mile natural gas pipeline, dubbed “Starpipe,” to supply its Starbase launch site in Texas, according to county filings reviewed by Reuters. The infrastructure project is designed to facilitate a higher cadence of launches for the Starship rocket, moving away from a reliance on tanker trucks for … Read more
President Donald Trump and Iranian officials remain at odds over the terms of a framework peace deal, creating uncertainty regarding nuclear inspections, financial assets, and maritime control. While the U.S. claims Iran agreed to indefinite nuclear monitoring, Tehran denies these concessions, complicating the implementation of a pact intended to end the conflict that began on … Read more
Russia is weighing a potential ban on diesel exports and considering fuel imports to address domestic shortages caused by recent strikes on its oil infrastructure. Deputy Prime Minister Alexander Novak confirmed that the government is reviewing tax legislation and supply strategies to stabilize the market after Ukrainian drone attacks forced unplanned refinery maintenance and reduced … Read more