Iran's IRGC says underground missile and drone production is expanding amid ongoing war damage
Iran's Islamic Revolutionary Guards Corps has said it is moving missile and drone production lines underground and building new subterranean military complexes that can keep operating under heavy bombardment. The announcement was made at a news conference in Tehran on Saturday by IRGC spokesperson Hossein Mohebbi, according to Iranian media. Among the projects described was an "underground missile city" that the semi-official Tasnim news agency said is set to be unveiled.Mohebbi said the transfer of production from the surface to underground facilities was intended to allow Iran to keep manufacturing missiles even if adversaries believed its stockpiles were running low.... [Continue Reading]
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Poland says Europe needs Cold War-style deterrence for AI warfare
Poland has called for Europe to develop a deterrence model similar to the Cold War doctrine of mutually assured destruction in response to AI-powered warfare. Deputy Prime Minister Krzysztof Gawkowski said the technology is becoming a force multiplier that could force a major rethink of the continent's shared security. He argued that the threat is no longer limited to ordinary cybercrime, but increasingly involves state-backed adversaries.Gawkowski, who also oversees Poland's Ministry for Digital Affairs, said the number of cyberattacks in the country could rise tenfold in 2027 as frontier large language models become more capable and more widely available. He... [Continue Reading]
Wall Street closes sharply lower as AI, tech and energy selloff deepens, while gold and silver catch a safe-haven bid
Executive summary: U.S. stocks ended the session under heavy pressure, led by a steep drop in AI and chip shares, a broad tech retreat, and weakness in energy. The Nasdaq Composite fell 3.4%, the S&P 500 lost 2.7%, and the Russell 2000 slipped 2.1%, while gold and silver rallied as investors rotated toward defensive assets. Amazon and Microsoft were notable gainers in a bruising tape, but Nvidia, Tesla, and the SOXX chip ETF were hit hard. [Continue Reading]
Day News Recap: Ukraine toll rises as Iran tensions, Europe bomb threats and global stocks slide
Ukraine said the death toll from a Russian strike on an aid distribution centre in the Zaporizhia region has risen to at least 50, with rescue teams still searching the site. The attack has become one of the deadliest recent strikes on civilians and aid workers in the war. đź”—In the Middle East, Iran stepped up diplomacy after Donald Trump suggested the United States could resume major strikes, while the White House weighed whether a new attack could still be avoided amid pressure after Republican election losses. Trump also sharpened his rhetoric, saying Iran would not be able to do... [Continue Reading]
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Iran security chief meets Putin in Moscow amid gas pipeline talks
Iran's top security official has met Russian President Vladimir Putin in Moscow and delivered a personal message from Iran's supreme leader, according to the latest confirmed details from the visit. The meeting was not announced in advance and took place as the two sides discussed regional security and possible energy cooperation. It adds a new layer to already close ties between Moscow and Tehran at a time of wider conflict in the region.The Iranian official, identified as the secretary of the Supreme National Security Council, said the talks covered what he described as strengthening ties, the post-war situation and regional... [Continue Reading]
Wall Street Opens Deep in the Red as AI Chips, Tech and Energy Lead a Broad Risk-Off Move
Executive summary: U.S. equities opened sharply lower, with the Nasdaq Composite and S&P 500 under pressure as a steep selloff in AI and chip shares rippled across sectors. Gold, silver and some industrial metals gained as investors rotated toward defensive assets, while crude oil, banks and bitcoin also moved lower in a risk-off start to the session. [Continue Reading]
Azerbaijan and Ukraine sign expanded energy, defence and trade agreements in Uzhhorod
Azerbaijan and Ukraine have signed a new package of cooperation agreements covering energy, defence, trade, transport and technology after talks in the western Ukrainian city of Uzhhorod. The meeting marked the 14th session of their Joint Intergovernmental Commission and was the first time the body has convened on Ukrainian territory since the start of Russia's full-scale invasion. Officials said the agreements are intended to strengthen economic ties while also supporting Ukraine's wartime energy resilience.The talks were co-chaired by Azerbaijani Energy Minister Parviz Shahbazov and Ukrainian First Deputy Prime Minister and Energy Minister Denys Shmyhal. The two sides adopted a formal... [Continue Reading]
Noontime News Recap: Hormuz tensions, Ukraine aid delays and global stocks slide on AI fears
A senior Iranian lawmaker has said the standoff in the Strait of Hormuz is not sustainable, as Tehran and Washington continue what he described as concurrent pressure and talks, keeping one of the world’s most sensitive shipping routes under strain. 🔗In Europe, Poland warned allies not to negotiate with Russia over Eastern Europe’s head, saying any settlement on the war in Ukraine must take account of regional security interests. Finland’s defence minister, Antti Häkkänen, meanwhile said political reluctance in Washington is delaying Patriot interceptor deliveries to Ukraine, even as the need for air defences remains acute. 🔗 🔗The European Union... [Continue Reading]
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China denounces new US sanctions on Cuba that include two Chinese firms
China has condemned the latest United States sanctions on Cuba, calling the move sabotage after Washington added two Chinese companies to its sanctions list. The measures, announced on Thursday and denounced by Beijing on Friday, focus on Cuba's oil and technology sectors. The dispute adds a new layer to an already tense pressure campaign on the island and to wider US-China friction.According to the supplied report, the companies named are CEIEC and Beijing H&C Technologies. Washington accuses them of selling defence material and security systems to Cuba. A Chinese foreign ministry spokesperson, identified in the report as Jiakun, said China... [Continue Reading]
Global stocks plunge for a second day as AI slowdown fears spread
Asian and European markets fell sharply on Friday as a Wall Street tech rout spread across global trading, with investors reacting to fears that spending on artificial intelligence and data centres could slow after the Democrats' midterm victory. The FTSE 100 opened down 1.5%, while Germany's Dax, France's Cac 40 and Spain's Ibex also moved lower. The declines followed a severe sell-off in US technology shares on Thursday and extended the pressure into the next trading session.The Nasdaq had its worst day in 19 months, falling 5.5%, while chip and storage stocks led the losses. SanDisk dropped 22% and Western... [Continue Reading]
Breakfast News Recap: Trump hardens Iran stance as shipping fears grow and global tech shares slide
The White House is weighing whether a new US strike on Iran can still be avoided as post election pressure builds in Washington, while Donald Trump sharpened his rhetoric by saying Iran will not be able to do anything on its nuclear programme without US approval. đź”— đź”—At the same time, Iranian forces reported five oil tankers and a tugboat on fire in and around the Strait of Hormuz, deepening shipping security fears, even as Tehran said ships from India, China, Iraq and Qatar would be exempt from restrictions in the waterway. đź”— đź”—Trump also said a Russia Ukraine agreement... [Continue Reading]
Tokyo and Asia-Pacific close mixed as Nikkei and Kospi slump, gold and Hang Seng rally
Executive summary: Asia-Pacific trading ended sharply mixed, with Japan and South Korea suffering heavy losses while Hong Kong, Australia and precious metals advanced. The Nikkei 225 fell -9.3% and the Kospi dropped -11.7%, while the Hang Seng gained +5.0% and gold rose +2.1% above $4,050. The move points to a broad risk reset across regional equities, with currency and commodity moves adding to the cross-asset volatility. [Continue Reading]
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Tokyo Opens Under Pressure as Nikkei and Kospi Extend Sharp Selloff, While Hong Kong Rallies and Gold Surges
Executive summary: Tokyo and broader Asia-Pacific trading opened with a stark split, as Japan and South Korea were hit by heavy selling while Hong Kong advanced strongly. The Nikkei 225 fell -9.6% and the Kospi dropped -13.9%, while the Hang Seng rose +8.0%. Safe-haven demand was visible in gold, which climbed above $4,098, alongside gains in silver, platinum and palladium, even as WTI crude eased and the yen weakened slightly against the dollar. [Continue Reading]
Tech and AI stocks plunge as Nasdaq loses $2.5tn after election-driven regulatory fears
Shares in major technology and artificial intelligence companies fell sharply on Thursday, deepening a market rout that wiped an estimated $2.5tn from the Nasdaq Composite. The selloff came as investors reacted to Democratic wins in key data-centre states and the prospect of tougher regulation on data centres and AI infrastructure. The losses also dragged down other major US indexes, with the S&P 500 and Dow Jones Industrial Average both closing lower.Nvidia fell more than 9%, while AMD and Micron each dropped by more than 17%. Intel was down 10.3%, and SanDisk plunged by more than 22%, underscoring how heavily exposed... [Continue Reading]
Wall Street closes sharply lower as AI, tech and cyclicals unwind, while gold and silver catch a safe-haven bid
Executive summary: U.S. equities ended the session under heavy pressure, led by a steep selloff in Nasdaq-linked technology and chip names. The S&P 500, Nasdaq Composite and Russell 2000 all fell sharply, while gold, silver and palladium advanced as investors rotated toward defensive assets. The move was broad, with energy, autos, defence and crypto also under strain, even as a few pockets such as Amazon, Microsoft and banks held up better than the wider market. [Continue Reading]
Wall Street Opens Mixed as Tech Slumps, Banks Rally and Gold Surges on Risk Rotation
Executive summary: U.S. markets opened with a sharp split between cyclicals and growth, as the Dow Jones rose +1.6% while the Nasdaq Composite fell -4.1% and the S&P 500 slipped -1.7%. The move was led by a steep drop in tech and chip proxies, a strong bid for banks, and a powerful rally in gold and silver, suggesting investors are rotating away from high-duration growth exposure and toward financials and hard assets. [Continue Reading]
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Ireland supermarket fridge cyberattacks resolved after 13 SuperValu stores were affected
In Ireland, 13 SuperValu stores were affected by cyberattacks that disrupted supermarket fridges and freezers across Europe, forcing chilled and frozen food to be removed from sale. The company behind the chain, Musgrave, said the incident was resolved on Monday evening. Temperatures in some units reportedly rose as high as 50C, creating an immediate food-safety and stock-loss problem for the affected stores.The Irish National Cyber Security Centre said the latest cyber incident may be related to a known vulnerability. Reporting on the case said some of the affected stores used refrigeration controls supplied by Danish company Danfoss, which allow engineers... [Continue Reading]
US midterm election results deliver major setback to Trump and Republicans
Democrats have won majorities in both chambers of the US Congress after a midterm election that delivered a sharp setback to President Donald Trump and his Republican Party. The results mean Republicans will lose control of Congress, according to the supplied reporting, marking a major shift in the balance of power in Washington. The outcome was described as a broad rebuke to Trump, with Democrats making gains in several states.The confirmed results cited so far show Democrats taking control of the Senate and the House of Representatives. The reporting also says the Republican defeat was heavy, with Vice President JD... [Continue Reading]
Democrats regain control of the US Senate as Texas delivers major upset
Democrats have regained control of the US Senate after projected wins in a series of closely fought midterm races across several states. The latest and most striking result came in Texas, where James Talarico defeated Republican Ken Paxton in what was described as a major upset. The outcome adds to a broader Democratic sweep that has shifted control of Congress.Talarico's victory is the first time a Democrat has won a US Senate seat in Texas since 1988. He campaigned on the rising cost of living and emerged from relative obscurity to become a central figure in the race. The contest... [Continue Reading]
UK cyber chief warns AI-boosted attacks on critical infrastructure could emerge within two years
Britain could face AI-boosted attacks on critical national infrastructure within the next two years, according to a warning from the National Cyber Security Centre. The warning comes as the agency says hostile states and ransomware actors are increasingly likely to use artificial intelligence to scale their operations. Dr Richard Horne, the centre's chief executive, is due to set out the assessment as part of the organisation's annual report.The report says hackers demanding ransom payments are highly likely to weaponise AI in the UK. It also names hostile states including Russia and China as actors expected to use the technology to... [Continue Reading]
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Cyber-attack disables supermarket freezers across several European countries
A cyber-attack has disrupted refrigeration and freezer systems in dozens of supermarkets across several European countries, forcing large amounts of food to be thrown away. The incident has affected stores in Belgium, Luxembourg, Sweden, Ireland, the Netherlands, Estonia and Finland. In Belgium, some of the worst damage was reported at Delhaize stores, including a branch in Hoeilaart, just outside Brussels.The scale of the disruption appears to be significant, with about 40 Delhaize supermarkets affected in Belgium and Luxembourg alone. At the Hoeilaart branch, frozen pizzas and ice cream were among the food items that had to be scrapped after the... [Continue Reading]
The Great Uncoupling: Abu Dhabi’s Sovereign Gambit
The UAE’s decision to cut ties with OPEC is far more than a mere adjustment of energy policy, for it functions as a political telegram written in barrels and sent directly to the heart of the global order. For nearly six decades, Abu Dhabi operated within the rigid architecture of producer discipline, where it accepted the rituals of quotas, the formality of communiqués, and the heavy burden of collective restraint. It played the long game of oil diplomacy with a patient hand, balancing its own massive national ambitions against the gravity of cartel discipline and the delicate logic of Gulf... [Continue Reading]
When Deterrence Becomes Reality
Yesterday the war crossed a line! For years the Sejjil ballistic missile existed mostly as a symbol. A weapon paraded in military videos, discussed in defense briefings, whispered about in strategic circles as one of Iran’s most serious capabilities. A weapon that analysts described as deterrence, not something meant to be used. But on March 15, 2026, that line disappeared. Iran reportedly launched the Sejjil (also known as Ashoura) as part of what Tehran called the 54th wave of Operation True Promise 4, a massive strike package that also included the Fattah hypersonic missile and the Qadr ballistic missile system.... [Continue Reading]
The Proving Ground, When “Decent” Reporting Meets High-Tech Warfare
For two decades I have watched wars unfold not only on battlefields, but on screens. Today’s incident over Kuwait, involving the downing of a U.S. F-15 Strike Eagle, is not just another headline in the Iran conflict. It may be a signal that something larger is unfolding behind the noise. Iranian state outlets rapidly circulated imagery of an ejected pilot. Washington responded cautiously. But beneath the spectacle lies a deeper question, whose technology was truly being tested? The Gulf as a live-fire laboratory For years, China has refined export-ready variants of its air defense systems, particularly the HQ-9 family and... [Continue Reading]
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