President Vladimir Putin stated that Russia is providing assistance to ASEAN member countries in developing their nuclear energy sectors. He highlighted Rosatom's capabilities in building power plants, establishing new industries, training specialists, and sharing knowledge in nuclear medicine and agriculture.
The UK's National Cyber Security Centre reported over 200 cyber-incidents hitting critical national infrastructure in the past year, with state-linked actors, including Russia, China, and Iran, responsible for three-quarters of attacks. Advances in AI are expected to accelerate threats by 2028.
Critical Energy, a startup focused on modular turbines for geothermal power plants, has raised $19 million in seed funding. The company aims to address a shortage of compatible turbines and plans to build its first 2.5 MW project by 2027, potentially outpacing nuclear energy deployments.
The UK will supply enriched uranium to Ukraine for its nuclear power stations and impose new sanctions on Russia. Prime Minister Keir Starmer announced the support package, which includes a major energy deal to power Ukraine for the next two years through UK nuclear fuel supply, also supporting British jobs.
The UK will supply enriched uranium to Ukraine's nuclear power plants for two years, worth 210 million pounds ($280 million). The deal, supported by UK Export Finance, involves Urenco supplying Energoatom and extends a previous contract.
Donald Trump threatened to bomb Iran's power plants if a deal isn't reached, accusing Tehran of "playing us for suckers." The US and Iran exchanged strikes, with Iran targeting bases in Bahrain, Kuwait, and Jordan.
SpaceX alumni Sara Spangelo and Ben Longmier have launched Ambrosia Energy, aiming to build solar and battery power plants faster and cheaper than natural gas alternatives. Their goal is to offer power at $100 per megawatt-hour and achieve gigawatt scale by the end of the decade.
Donald Trump is allocating $700m to coal-fired power plants using the Defense Production Act. The funds will support existing plants, build new ones, and create an export terminal, despite coal being a major cause of climate change and respiratory illnesses.
IAEA Deputy Director General Mikhail Chudakov stated that military strikes on the Zaporozhye Nuclear Power Plant are "absolutely unacceptable." He noted that while nuclear power plants offer significant energy advantages, they are vulnerable to attacks. This statement follows a recent Ukrainian drone strike on the plant's machine room.
Residents in NSW's Southern Highlands are devastated by plans for three gas-fired power stations to fuel a data centre. They fear health impacts, environmental damage, and the locking in of heavy industry, while clean energy advocates warn of setting a dangerous precedent.
Russia's Economic Development Minister Maxim Reshetnikov stated that Moscow sees prospects for building additional Russian-designed nuclear power units in Brazil, including both large and small capacity options. He also highlighted ongoing cooperation in the IT sector, focusing on digitalization and cybersecurity solutions.
Turkey's EPDK has reduced distribution fees by 68% for first-generation unlicensed solar power plants whose 10-year purchase guarantee has expired. The move aims to support the sustainability of these plants by reducing cost pressures, especially during periods of low electricity prices.
xAI's Mississippi data center uses 50 natural gas turbines, classified as 'mobile' on flatbed trailers, avoiding air pollution regulations. The NAACP and Southern Environmental Law Center claim this violates federal law, worsening air quality, and seek an injunction.
Russia is building nuclear power plants across the globe, and it's helping it build a network of dependence.
China's Shanghai Advanced Research Institute developed a carbon accounting model showing China's 2022 GHG emissions 17.7% lower than UN estimates, while US emissions 15.2% higher. The ScienceOne-Yuheng Carbon Accounting Large Model aims to advance global climate governance toward greater precision and establish a more equitable carbon accounting framework.
Russia's Emergencies Ministry has dispatched an IL-76 aircraft to Beirut carrying more than 27 tons of humanitarian aid for Lebanese citizens affected by the military conflict. The cargo includes mobile power plants, food, tents, blankets, mattresses, and pillows.
President Donald Trump on Monday threatened Iran with overwhelming military force, saying 'lots of bombs' will start going off if no deal is reached before a shaky ceasefire expires Tuesday evening. The threat came as the status of additional U.S.-Iran peace talks remained opaque, with Iran stating no plans to attend negotiations while a U.S. delegation prepares to travel to Islamabad for potential second-round talks.
According to Taalatbek Masadykov, under these conditions, the restoration of political and diplomatic dialogue between Russia and the United States is of key importance
Rolling coverage of the latest economic and financial newsTehran has ‘no plans to participate’ in new talks, state media reports, as it accuses US of violating ceasefireMohit Kumar of investment bank Jefferies remains hopeful that the US and Iran are moving towards a peace deal, despite the re-closure of the strait of Hormuz:Markets are in a risk off mode this morning as tensions have escalated with Iran closing the Strait of Hormuz and US blockade still in place. US seized an Iran cargo ship and Trump threatened to destroy power plants and bridges in Iran. Tensions have also escalated between Israel and Hezbollah with the killing of two Israeli soldiers and attacks on Southern Lebanon. This follows constructive talks last week, where US and Iran were moving towards a deal and Iran had agreed to open the Strait of Hormuz.Our view remains that we are moving towards a deal. Not because we believe that US and Iran have found a solution, but because of the MAD (Mutually Assured Destruction) principle. We are at a stage where it is not in the interest of either parties to carry on with the war. The MAGA base of Trump does not war to continue and Trump wants a deal. For IRGC, the objective is survival and destruction of infrastructure and economic hardship could sow the seeds of rebellion down the line. For Israel, the main objective is the weakening of Hezbollah and would not hinder a US Iran deal.Recent developments can be framed in two ways: either five steps forward towards peace and three back (seems more apt than three and two), or as evidence that the two sides remain far enough apart that a lasting deal will be extremely hard to achieve and markets have become far too optimistic. I lean more towards the former, but the comparison with recent history is uncomfortable.Remember the 10%+ S&P 500 rally in the early weeks of the war in Ukraine, when hopes briefly grew of an early negotiated settlement, only to be disappointed. That episode is a clear warning sign. Continue reading...
Iran has rejected participating in a new round of peace talks with the United States in Pakistan, citing Washington's excessive demands, unrealistic expectations, constant shifts in stance, and the ongoing naval blockade. US President Donald Trump responded by threatening to strike every power plant and bridge in Iran if Tehran does not accept his terms. The talks were scheduled for Monday in Islamabad, with US Vice President JD Vance expected to lead the delegation.
The Iranian air defenses have been absolutely decimated, US Permanent Representative to the United Nations Mike Waltz said
The US offers "a very fair and reasonable deal", the American leader said
Iranian citizens have organized human chains around critical infrastructure, including bridges and power plants, following threats from US President Donald Trump to target civilian facilities.
