KKR and SK Inc. are launching a 2 trillion won ($1.3 billion) renewable energy platform in South Korea to supply clean power to AI data centers and semiconductor manufacturers. The venture will scale from 1.7 gigawatts to 10 gigawatts of capacity, integrating wind, solar, and fuel cell assets from across the SK Group. What energy … Read more
Investors have begun rotating capital away from major AI hyperscalers and toward semiconductor manufacturers, according to data from the second quarter. Companies including Micron, Intel, and AMD saw valuations surge, collectively adding approximately $2 trillion in market capitalization as the market broadened its focus from primary AI chip designers to the wider infrastructure supply chain. … Read more
Bundesbank President Joachim Nagel has warned that inflation remains at risk of staying above the European Central Bank’s target, despite the U.S. and Iran agreeing to end their war in the Middle East. According to Nagel, the energy price shocks triggered by the war are still embedded in the system, necessitating a cautious approach to … Read more
US-Iran negotiations in Doha face significant uncertainty after Iranian Foreign Ministry spokesperson Esmaeil Baghaei stated no meetings are scheduled with the Americans. While the US is sending envoys Jared Kushner and Steve Witkoff to lead negotiations, Iran claims its technical delegation’s presence in Qatar has no relation to US talks, following weekend missile fire that … Read more
President Donald Trump announced a meeting between Iran and the United States will occur in Doha, Qatar, on Tuesday, suggesting diplomatic efforts remain active. However, Iran’s Foreign Ministry spokesman Esmaeil Baghaei stated that no direct negotiations with American representatives are planned for this week, noting that Tehran’s delegation is only traveling to Doha to follow … Read more
Researchers from Northwestern Polytechnical University and the Beijing Power Machinery Institute have successfully tested a variable-geometry ramjet engine capable of operating continuously from Mach 1.8 to Mach 6. According to a May 28 report in the Journal of Propulsion Technology, the engine uses a moving metal component in the combustion chamber throat—lined with graphite to … Read more
China has overtaken the United States in specific critical space technologies, including satellite-based navigation and anti-satellite weaponry, according to a report by the Information Technology and Innovation Foundation (ITIF). The Washington-based think tank notes that China’s rapid transition from state-led industry to a robust commercial sector has displaced Russia as the primary competitor to American … Read more
The Islamic Revolutionary Guard Corps (IRGC) has denied reports of a direct military-to-military communication hotline with the United States to manage tensions in the Strait of Hormuz. While JD Vance claimed in Switzerland that a conflict-reduction channel was established, IRGC spokesman Hossein Mohebi publicly rejected these reports on X, stating that no such line exists … Read more
The United States and Iran have exchanged military strikes for the first time since signing a memorandum of understanding (MoU) last week, escalating regional tensions ahead of scheduled diplomatic negotiations. According to US Central Command (CENTCOM), American forces targeted Iranian missile and drone storage and radar sites in retaliation for a reported drone attack on … Read more
The United States launched airstrikes against Iranian missile and drone storage sites on Friday following an Iranian drone attack on the Singapore-registered cargo vessel Ever Lovely. US Central Command (CENTCOM) described the strikes near the port of Sirik as a “powerful response” to the vessel’s attack on Thursday. Why is the June 17 ceasefire at … Read more