Lucid Motors Receives $1.5 Billion Lifeline from Saudi Arabia's PIF
Saudi Arabia's Public Investment Fund (PIF) has committed $1.5 billion to support struggling electric vehicle maker Lucid Motors.
Nuclear Arms Race Looms as US Confronts Two-Peer Problem
Experts warn of a new nuclear age as the US faces potential nuclear parity with both russia and China by 2035, prompting calls for strategic recalibration.
Electric Plane Concept Aims to Revolutionize Short-Haul Air Travel
Startup Elysian unveils plans for a battery-powered jet capable of carrying 90 passengers up to 500 miles on a single charge.
Ukraine Destroys Russian Su-34 Fighter-Bomber in Airbase Strike
Ukraine's military intelligence agency reported the destruction of one Su-34 fighter-bomber and potential damage to two others in a strike on russia's Morozovsk airbase.
Nvidia AI Chips Reach Chinese Military Despite US Export Controls
A black market for advanced Nvidia AI chips is thriving in China, circumventing US export restrictions and potentially aiding Chinese military modernization.
Chevron Relocates Headquarters to Texas, Following Industry Trend
Energy giant Chevron announces plans to move its headquarters from California to Texas, joining a growing list of companies seeking more favorable business conditions.
Wind and Solar Surpass Fossil Fuels in EU Electricity Generation
In the first half of the year, wind and solar generated more electricity than fossil fuels in the EU for the first time, marking a significant shift in the energy landscape.
US LNG Exports to Europe Decline Amid Shifting Global Demand
The gap between US and Russian LNG shipments to Europe has narrowed, complicating Europe's efforts to reduce dependence on Russian gas.
AI Robot Accelerates Amazon's Largest Solar Farm Installation
AES Corporation's AI-powered robot Maximo is helping install Amazon's largest solar farm, doubling installation speed and halving costs compared to human workers.