The Scene HUMAIN CEO Tareq Amin recognizes Saudi Arabia’s latest effort to transform its economy for what it is: an audacious bet that it can join the US and China as a global AI superpower. Ahead of US President Donald Trump’s visit to the Kingdom last year, the Jordanian-American tech ...
Saudi Arabian data center firm races to export compute from NEOMSaudi Arabian data center firm races to export compute from NEOM
The Scoop AI data center builder DataVolt, linked to Saudi billionaire Mohammed Abunayyan, plans to complete a 100-megawatt facility in NEOM within 13 months, focused entirely on exporting compute capacity. The data center will cost around $1 billion and has already broken ground. Rajit Nanda, DataVolt’s chief executive, said the ...
Beijing to inject $45 billion into banks and insurersBeijing to inject $45 billion into banks and insurers
China will inject $45 billion into its largest banks and insurers, its biggest recapitalization push in decades as Beijing looks to boost the country’s faltering economy. China’s growth target is already its lowest since 1991, and the economic picture is darkened further by a real estate downturn that is straining ...
European bond yields rise amid fears of Middle East tensionsEuropean bond yields rise amid fears of Middle East tensions
European bond yields rose on fears that renewed tensions in the Middle East could accelerate inflation, crimping the already tight fiscal space for under-pressure governments across the continent. French, Italian, and UK bonds have fallen the most in the G7 in the past month, while German yields rose on concerns ...
US push for Russia-Ukraine talks yields little hopeUS push for Russia-Ukraine talks yields little hope
Neither Russia nor Ukraine appear to hold high hopes for the ongoing US diplomatic push toward peace. Trump administration envoys who traveled to Kyiv and Moscow over the weekend hailed “substantive” talks, but Ukrainian President Volodymyr Zelenskyy said he expected the war to continue into winter, and his Russian counterpart ...
Republican midterm convention will be ‘Trumpist pageantry’ – at the party’s own riskRepublican midterm convention will be ‘Trumpist pageantry’ – at the party’s own risk
A historically unpopular president will take centre stage as the party seeks to sway voters with an unprecedented event It seemed like a good idea at the time. In December 1978, Jimmy Carter, a US president besieged by inflation and energy crises, watched as thousands of Democrats descended on Memphis, ...
25 years ago, two strangers met in the twin towers and escaped on 9/11. What happened next?25 years ago, two strangers met in the twin towers and escaped on 9/11. What happened next?
Stanley Primnath and Brian Clark were two of only four individuals known to have survived above the impact zone in the north tower He has told the story hundreds of times, but it never seems to fade. If anything, it only becomes more vivid. “Oh, gosh,” exclaims Stanley Praimnath, his ...
‘Swiftly enchanted’: why Bedknobs and Broomsticks is my feelgood movie‘Swiftly enchanted’: why Bedknobs and Broomsticks is my feelgood movie
The latest in our series of writers recommending their most rewatched comfort films is a reminder that Disney’s kids fantasy is more than a Mary Poppins knock-off “Filigree, apogee, pedigree, perigee!” – the four incantatory words I blame for receiving a shonky Paul Daniels Magic Set as a child in ...
Germany’s far-right AfD says ‘democracy demands’ parties work with them after state election winGermany’s far-right AfD says ‘democracy demands’ parties work with them after state election win
The far-right party is trying to form a government in the state after falling three seats short of a majority. ...
Israeli strikes in southern Lebanese village kill nineIsraeli strikes in southern Lebanese village kill nine
Lebanon says a recent Israeli escalation is jeopardising a US-brokered ceasefire meant to end the conflict between Israel and Hezbollah. ...