Author: Press Room

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SINGAPORE: Cambodia says its rapid expansion of renewable energy has helped shield its electricity consumers from the impact of the Strait of Hormuz crisis, even as rising oil and gas prices continue to weigh on households and businesses.Speaking to CNA in Singapore on Thursday (Jun 11), Cambodia’s Minister of Mines and Energy Keo Rottanak said clean energy now accounts for nearly two-thirds of the Southeast Asian country’s installed power capacity, helping it keep electricity prices stable despite turmoil in global fuel markets.He said deeper regional integration through the proposed Association of Southeast Asian Nations’ (ASEAN) Power Grid would be critical to…

Ahmedabad, India — Sita Patni sits in a small room in her first-floor home in Meghani Nagar, a residential neighbourhood in the western Indian city of Ahmedabad.Her right hand, waist and both legs are charred and blackened from burns, evidence of a mother’s desperate and futile efforts to save her child. When she hears jumbo jets landing or taking off from the city’s airport right next to the locality, she lowers her face to hide her tears.On June 12, 2025, Patni was at her tiny tea stall next to a medical college hostel. Her husband, Suresh — an autorickshaw driver…

NEWYou can now listen to Fox News articles! President Donald Trump wants Congress to supercharge military funding and pass stalled voter ID and citizenship verification legislation in one fell swoop, but many Republicans aren’t sold on the plan. Trump on Wednesday called on congressional Republicans to steer around Democrats’ opposition again and “immediately” pass a third budget reconciliation package, including $350 billion in defense spending coupled with the stalled Safeguarding American Voter Eligibility (SAVE) America Act. “This is a GENERATIONAL Investment in our Military, even bigger than President Reagan’s! Recon 3.0 is the ONLY path to the full $1.5 TRILLION DOLLAR Military…

SpaceX is set to make its Nasdaq debut today in what is expected to be the largest initial public offering ever, with shares priced at a fixed $135 and the company targeting a valuation of about $1.77 trillion.The Elon Musk-led company is raising $75 billion under the ticker SPCX, giving investors a rare chance to buy into a business spanning rockets, Starlink satellite internet, and artificial intelligence infrastructure.The question before the opening bell is simple: Does the valuation already price in the future, or is Wall Street still underestimating the scale of the opportunity?The bulls: $190 and beyondThe most aggressive…

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FUNDING LIKELY TO REMAIN STATE-LEDThe tighter oversight is also expected to influence how Chinese companies raise money.Industry observers say firms will need to account for longer approval timelines, greater transparency requirements and more complex reporting obligations when planning overseas deals.With private capital harder to come by and foreign investors becoming more cautious, analysts say many startups are likely to continue relying on government-backed funds.”For the foreseeable future, that’s going to be a very major part of how Chinese companies, startups, innovative startups, get funded,” said Tech Buzz China’s Ma.Government-linked funding also offers more than capital, she said, providing companies with credibility,…

SpaceX’s Super Heavy booster is seen on the launch pad, as Starship is prepared to be placed on top, at the company’s Boca Chica complex, ahead of Starship’s eighth test flight which is targeted for March 3, from Starbase, near Brownsville, Texas, U.S. March 2, 2025.Kaylee Greenlee | ReutersFor nearly two decades, some of the world’s most prominent investors quietly accumulated stakes in SpaceX while the rocket maker remained largely off-limits to the public markets. Now, with Elon Musk’s company seeking a valuation of roughly $1.8 trillion in its initial public offering, those early bets are poised to generate some…

The almost dealA near-resolution was playing out at a different altitude a month after the ceasefire, among the diplomats and politicians in their leafy enclaves.Of the 13 rounds of talks the two countries engaged in since January 1986, the closest they came to a long-term deal on the glacier was in June 1989, the fifth round that took place in Rawalpindi.A change of government in Pakistan, after the death of General Zia ul-Haq, had ushered in democracy. When Pakistan’s Benazir Bhutto and India’s Rajiv Gandhi met in December 1988, relations had thawed.The late Humayun Khan, who served as Pakistan’s foreign…

Details on Trump’s potential deal with Iran – CBS News Watch CBS News President Trump has promised a deal with Iran several times over the past two months. Margaret Brennan reports on what’s included this time.