South Korea and Japan agree on joint oil and LNG reserves cooperation
South Korea and Japan have agreed to deepen energy cooperation through new arrangements for exchanging and jointly managing reserves of crude oil and liquefied natural gas, as both countries seek to strengthen energy security amid heightened geopolitical risks in the Indo-Pacific region. The agreement was reached during a summit in Andong,......
Europe and China launch SMILE satellite to study Earth’s magnetic shield
The SMILE spacecraft, a joint mission between the European Space Agency and the Chinese Academy of Sciences, has successfully launched from the European spaceport in Kourou, French Guiana, marking the first flagship scientific collaboration between the two space institutions focused on Earth’s magnetosphere. The satellite lifted off......
Final Fantasy creator calls AI remake concept of FF6 incredible
Hironobu Sakaguchi, creator of the Final Fantasy series, has publicly reacted to an AI-generated concept video reimagining Final Fantasy VI as a modern 3D remake, describing it as “incredible” and sparking renewed debate around artificial intelligence in game development. The two-minute fan video, posted on X on May 16, reinterprets......
Decart raises 300 million dollars in Nvidia and Amazon backed round
Decart, a San Francisco based artificial intelligence research lab focused on real time world models, has raised 300 million dollars in a new funding round led by Radical Ventures. The deal brings the company’s total funding to more than 450 million dollars and values it at around 4 billion dollars, up from 3.1 billion dollars in August......
Amazon launches AI podcasts on demand with Alexa Plus
Amazon has introduced a new feature for its Alexa Plus assistant that allows users to generate full podcast episodes on demand using artificial intelligence. The tool, called Alexa Podcasts, is being rolled out to Alexa Plus subscribers in the United States and marks a deeper push into personalized audio content. The system lets users request......
Rupee and rupiah hit record lows as oil tops 111 dollars
The Indian rupee and Indonesian rupiah fell to historic lows on Monday as rising oil prices and global bond market pressure strengthened the US dollar and intensified selling across Asian emerging market currencies. The move reflected growing investor concern over capital outflows from energy-importing economies exposed to surging crude costs. The......
Iran says Khamenei suffered only minor injuries in airstrikes
Iranian officials have publicly downplayed the injuries suffered by Supreme Leader Mojtaba Khamenei during the February 28 airstrikes carried out by the United States and Israel, insisting his wounds were minor despite months of international reports describing him as seriously injured and absent from public life. Hossein Kermanpour, head......
Global markets rebound after report on possible Iran sanctions relief
Global financial markets recovered from steep early losses on Monday after reports emerged suggesting the United States could temporarily ease sanctions on Iranian oil exports during ongoing diplomatic talks. The late session reversal helped calm investors rattled by escalating tensions between Washington and Tehran, surging oil prices, and......
Nvidia warns memory shortages are slowing global AI expansion
Nvidia CEO Jensen Huang said the biggest constraint facing the artificial intelligence industry is no longer chip production capacity but access to high bandwidth memory, as demand for AI infrastructure continues to outpace global supply. Speaking during the Dell World conference in Las Vegas, Huang said semiconductor manufacturing is expanding......
India’s LPG crisis pushes California gasoline prices above $6
California gasoline prices have surged past six dollars per gallon as the conflict involving Iran, Israel, and the United States disrupts global energy supply chains and reshapes fuel production priorities in India. The crisis has linked cooking gas shortages in South Asia to mounting pressure on American fuel markets, exposing the fragility......
Meta details AI restructuring as 8,000 layoffs begin
Meta will begin a new round of global layoffs on Wednesday as the company accelerates a broad restructuring focused on artificial intelligence and leaner management structures. Internal documents shared with employees show that dismissal notices will be delivered in three waves at 4 a.m. local time on May 20, while thousands of workers are......
Kremlin dismisses Zelensky warning over Belarus military threat
The Kremlin has rejected warnings from Ukrainian President Volodymyr Zelensky that Russia could be preparing military operations from Belarus targeting Ukraine or even NATO territory. Moscow described the claims as politically motivated and aimed at escalating tensions in an already prolonged conflict. Kremlin spokesperson Dmitry Peskov said......
Asia climate resilience funding lags 200 billion annual gap
Environ 100 billion dollars have been deployed across Asia for climate resilience efforts over the past five years, yet the region continues to face a large annual financing gap of around 200 billion dollars. A new assessment released Monday shows that current investment levels fall far short of what is required to protect economies and communities......
X limits non verified users to 50 posts daily
X has introduced new posting limits for accounts that are not verified, restricting them to 50 original posts per day and 200 replies per day. The change also introduces additional throttling through time windows, further limiting how frequently non paying users can publish content during short intervals. The move sharpens the divide between......
Central banks to increase gold buying to 60 tons monthly in 2026
Global central banks are expected to significantly expand their gold purchases throughout 2026, reinforcing a long-term shift in reserve management strategies. A new outlook from Goldman Sachs projects average monthly acquisitions of around 60 tons, even as gold prices have recently retreated from record highs. The forecast signals sustained......