Keywords: War


China reveals massive ai computing capacity far beyond global rankings

China’s national artificial intelligence computing capacity has reached 1,882 exaflops, according to figures released by the Ministry of Industry and Information Technology. The number is more than 6,000 times higher than the country’s reported performance in global supercomputing rankings,......

Arnault warns of global fallout as Middle East conflict hits luxury

LVMH chief executive Bernard Arnault has warned of severe global economic consequences if the conflict in the Middle East continues, as the luxury group faces a sharp slowdown in one of its fastest-growing regions. His remarks come as the company expands its retail presence in Dubai while confronting......

EU ambassadors set to approve €90 billion loan for Ukraine

Ambassadors of the European Union are expected to approve a €90 billion loan package for Ukraine, removing a key financial obstacle as Kyiv continues to resist the Russia invasion. The vote is scheduled at the Committee of Permanent Representatives in Brussels and follows a shift in Hungary’s......

Countries roll out emergency measures as iran war fuels energy crisis

Governments across dozens of countries are deploying emergency policies to shield households and businesses from a widening energy crisis triggered by the war involving the United States, Israel, and Iran. The disruption has been amplified by the closure of the Strait of Hormuz, which has removed roughly......

Iran war drives global battery storage surge in 2026

The conflict involving the United States, Israel and Iran has accelerated global investment in battery storage, intensifying a shift already underway in power systems worldwide. Falling battery costs and rising electricity demand, driven in part by data centers, had set the stage for rapid expansion.......

Ukraine raises alarm over cultural plunder as Russia returns to Venice Biennale

When Alina Dotsenko returned to the Kherson Art Museum after Ukrainian forces recaptured the southern city in late 2022, she found storage rooms and shelves stripped bare. The museum's director, who had devoted five decades to building the institution, described collapsing against a wall in shock......

Zelensky criticizes easing of sanctions on Russian oil, warns of impact on war

Ukrainian President Volodymyr Zelensky has sharply criticized the easing of sanctions on Russian oil, arguing that such measures risk indirectly funding Moscow’s military operations in Ukraine. In recent statements, Zelensky warned that revenues generated from oil exports could be redirected toward......

Nornickel reroutes shipments via Africa as Iran war disrupts metals trade

The war in Iran is reshaping global metal supply chains and forcing major producers to overhaul logistics. Nornickel, the world’s largest palladium producer and a key supplier of nickel and copper, has redirected all maritime shipments away from the Suez Canal. The company now routes exports around......

Energy shock from Iran war shifts western orders back to China

The Canton Fair opened in Guangzhou with record scale, bringing together more than 32,000 companies and over 210,000 registered foreign buyers. The event reflects strong global trade interest, yet it unfolds under the shadow of a prolonged conflict involving the United States, Israel, and Iran. The war......