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Rosatom's Financial Struggles Impact Central Asia's Nuclear Energy Plans

Rosatom's Financial Struggles Impact Central Asia's Nuclear Energy Plans

Rosatom, Russia's nuclear entity, is facing financial difficulties, leading to cuts in its investment program and operating costs. This situation affects its agreements to build nuclear plants in Kazakhstan and Uzbekistan, raising doubts about project timelines and completion. Rosatom's challenges are linked to Russia's financial strain due to the ongoing campaign in Ukraine and international sanctions. Kazakhstan and Uzbekistan are exploring alternatives, including partnerships with Chinese companies and the United States for developing small modular nuclear plants.

Why Biden's Exit Forced Democrats to Rethink Their Strategy

Why Biden's Exit Forced Democrats to Rethink Their Strategy

Joe Biden's decision to withdraw from the 2024 presidential race on July 21, 2024, sent shockwaves through the political landscape. As the incumben...

Explainer-Why is a proposed US-Saudi nuclear pact causing alarm in Washington and the Middle East?

Explainer-Why is a proposed US-Saudi nuclear pact causing alarm in Washington and the Middle East?

DUBAI, July 22 (Reuters) - The Trump administration backs a nuclear energy pact with Riyadh allowing Saudi Arabia to enrich uranium and process spent atomic fuel, two sources have said, a move that may worry regional states concerned about weapons proliferation.

World shares mostly gain and South Korea and Japan recover some losses from AI stock sell-offs

World shares mostly gain and South Korea and Japan recover some losses from AI stock sell-offs

World shares have mostly gained and U.S. futures advanced, with markets in South Korea and Japan trading higher after recent declines due to heavy selling of stocks linked to artificial intelligence

Rubio to hold talks with China's Wang Yi as regional powers join ASEAN meeting

Rubio to hold talks with China's Wang Yi as regional powers join ASEAN meeting

By Michael Martina MANILA, July 22 (Reuters) - U.S.

China's New AI Alliance Aims to Influence Global Regulations

China's New AI Alliance Aims to Influence Global Regulations

China has launched the World Artificial Intelligence Cooperation Organisation (WAICO), a coalition of 29 nations, to influence global AI regulations. Announced at the World Artificial Intelligence Conference in Shanghai, the alliance includes countries like Russia, Brazil, and South Africa, but notably excludes the United States. Chinese President Xi Jinping emphasized the need for international cooperation in AI development, advocating for equitable access to AI technologies to prevent 'new historical injustices.' The initiative is seen as a strategic move by China to position itself as a leader in global AI governance, challenging U.S. dominance in the field.

Wall Street points toward gains as AI-focused companies recover some of last week's losses

Wall Street points toward gains as AI-focused companies recover some of last week's losses

Wall Street pointed toward gains before the opening bell with chip and memory companies leading the way, while oil prices rose again as the U.S. and Iran exchanged more attacks

Factbox-Soccer-List of World Cup winners

Factbox-Soccer-List of World Cup winners

NEW YORK, July 19 (Reuters) - List of World Cup champions since the tournament began in 1930 (hosts, winners): URUGUAY 1930 - URUGUAY * Uruguay won the inaugural World Cup by beating Argentina 4-2 in the final in Montevideo. * The first tournament included 13 teams, with only four from Europe.

Russian President Putin meets with North Korean foreign minister in latest high-level diplomacy

Russian President Putin meets with North Korean foreign minister in latest high-level diplomacy

Russian President Vladimir Putin met with North Korea’s foreign minister and thanked Pyongyang for supporting his war against Ukraine, in the latest high-level diplomacy meeting between the countries, Russian state media reports

South Korea's Strategic Partnership with Mongolia to Secure Rare Earths Amid Geopolitical Tensions

South Korea's Strategic Partnership with Mongolia to Secure Rare Earths Amid Geopolitical Tensions

South Korea is strengthening its ties with Mongolia to secure critical minerals, including rare earths, as China imposes tighter export controls. This move is part of a broader strategy to reduce reliance on China for these essential resources. The two countries have signed a Comprehensive Economic Partnership Agreement, eliminating tariffs on Mongolian minerals. However, the transportation of these minerals is complicated by Mongolia's landlocked geography, requiring passage through China or Russia, which could lead to geopolitical interference. South Korea is exploring options to process minerals in Mongolia and transport them by air to mitigate these risks.

Wall Street holds steadier as chip companies swing back upward

Wall Street holds steadier as chip companies swing back upward

Wall Street is holding steadier, as stocks of chip companies and other winners of the artificial intelligence-boom swing back upward on their roller-coaster ride

Wall Street futures rise, oil prices retreat despite an escalation in fighting by the US and Iran

Wall Street futures rise, oil prices retreat despite an escalation in fighting by the US and Iran

Wall Street futures were rising in premarket trading and oil prices retreated, but not before a gallon of gas in the U.S. breached the $4 level again