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Alphabet’s SpaceX bet grows to $94b

[ BENGALURU: Alphabet’s early bet on SpaceX has multiplied more than 100-fold, with the Google parent disclosing a stake worth about $94 billion at the end of June, up from a $900 million investment in Elon Musk’s rocket company in 2015. Alphabet has emerged as by far the largest single institutional holder of SpaceX following … Read more

Iran says full security in Hormuz depends on end to US blockade, threats

Baqaei says insecurity in strategic waterway was ‘direct’ result of illegal, aggressive measures by US, Israel POLITICAL EXPRESSION: A man holds a flag with a picture of late leader of the Islamic Revolution Ayatollah Ruhollah Khomeini during a rally in Tehran on April 29, 2026. PHOTO: REUTERS/FILE Iran on Sunday said the full restoration of … Read more

Nvidia scales back funding guarantee

[ MEXICO CITY: Nvidia has revised its plans to support a proposed OpenAI data centre project in Ohio and is now expected to initially guarantee less than $120 billion, down from the $250 billion previously discussed, the Wall Street Journal reported on Friday, citing people familiar with the matter. The Journal said Nvidia and OpenAI … Read more

PDL satellite connectivity shifted to UAE

[ ISLAMABAD: Pak Datacom (PDL) has shifted its satellite-based connectivity to Yahsat, a UAE-based satellite operator, for a major bank and some other institutions, which could pose security challenges to the country. In a letter addressed to the secretary, IT and telecom ministry, former chief executive officer (CEO) of PDL Brig (Retired) Syed Zulfiqar Ali … Read more

Construction uplift package being studied

[ Govt mulls over setting up development bank, rationalising import and export policies Federal Minister for Economic Affairs and Establishment Division Senator Ahad Cheema ISLAMABAD: Federal Minister for Economic Affairs and Establishment Division Senator Ahad Cheema chaired a high-level meeting to oversee major regulatory, operational and financial reforms within the construction sector. The meeting was … Read more

68 perish as ferry capsizes in Zimbabwe

. HARARE, ZIMBABWE: The death toll after a ferry capsized on Zimbabwe’s Lake Kariba this week has risen to 68 after more bodies were recovered on Saturday, the police said. The overloaded passenger ferry run by the government’s Rural Infrastructure Development Agency (RIDA) overturned on Tuesday in choppy waters. The police “advises Zimbabweans and relevant … Read more

Israeli air blitz kills 11 in south Lebanon

CEASEFIRE VIOLATIONS: First aid responders and residents rush to the site of an Israeli airstrike that targeted the neighborhood in the southern Lebanese village of Deir al-Zahrani. PHOTO: AFP BEIRUT: At least 11 people were killed in Israeli strikes in southern Lebanon on Saturday, Lebanon’s health ministry said. The Israeli military said it struck Hezbollah … Read more