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  • AI’s race for US energy butts up against bitcoin mining

    U.S. technology companies are pursuing energy assets held by bitcoin miners as they race to secure a shrinking supply of electricity for their rapidly expanding artificial intelligence and cloud computing data centers. Those data centers are driving the fastest U.S. power demand growth since the start of the millennium, outpacing grid expansions and leaving giant technology companies, like Amazon (AMZN.O) and Microsoft (MSFT.O) to scavenge for vast amounts of electricity.

  • Lego to replace oil in its bricks with pricier renewable plastic

    Toymaker Lego said on Wednesday it was on track to replace the fossil fuels used in making its signature bricks with more expensive renewable and recycled plastic by 2032 after signing deals with producers to secure long-term supply. Lego, which sells billions of plastic bricks annually, has tested over 600 different materials to develop a new material that would completely replace its oil-based brick by 2030, but with limited success.

  • Saudi Arabia Signals Ambition to Host Olympic Games

    “We as a country are setting up for doing more and more, and I think the Olympics is a logical step,” said Prince Faisal bin Bandar bin Sultan Al Saud, chairman of the Saudi Esports Federation. “But, when we are ready.” The prince spoke on the sidelines of the closing ceremony for the first ever Esports World Cup, which was held in Riyadh and featured a record prize pot for the industry, at $60 million.

  • Perspective: Saudi Official Views of Hamas

    Saudi disapproval of the October 7 atrocities began immediately after the massacre. When Hamas leader Khaled Meshaal appeared on the Saudi state-owned Al-Arabiya, an anchor asked him, “Would you apologize for what was done to Israeli civilians on October 7?” When he refused to give a clear answer, the anchor pressed him: “You say this is legitimate resistance in your view, but what the people saw on Western TV screens were transgressions by Hamas against civilians.”

  • Saudi Arabia condemns militant attacks in Pakistan’s Balochistan

    Saudi Arabia condemned on Tuesday attacks by separatist militants in Pakistan’s southwestern province of Balochistan that started late on Sunday. At least 73 people were killed in Pakistan’s province of Balochistan when separatist militants attacked police stations, railway lines, and highways. The Kingdom confirmed its rejection of all forms of violence, extremism, and the targeting of civilians.

  • Saudi crown prince discusses situation in Gaza with Palestinian president

    The Crown Prince stressed that the Kingdom will continue its efforts to communicate with all international and regional parties to stop the escalation in the war-torn territory. He also reiterated Saudi Arabia’s contentious support for the Palestinian people to achieve their legitimate rights to a decent life, fulfill their hopes and aspirations, and achieve just and lasting peace.

  • The Saudi Sherpa Office Holds Second Workshop to Coordinate with Saudi Government Entities Participating in 2024 G20

    The Saudi Sherpa Office at the Ministry of Finance held today, August 27, 2024, the second G20 workshop to coordinate with Saudi government entities participating in the 2024 G20 under the Brazilian presidency. The workshop was chaired by His Excellency the Saudi Vice Minister of Finance, Saudi Sherpa, Mr. Abdulmuhsen Alkhalaf, and attended by the Kingdom's representatives in the G20 working and engagement groups.

  • Hezbollah strike on Israel revives focus on Iranian pledges of retaliation

    Comments by Iran’s supreme leader on the nature of war have renewed focus on pledges that Israel will pay for the assassination of a Palestinian leader in Tehran. Ayatollah Ali Khamenei’s intervention notably follows Hezbollah’s launch of a drone and rocket attack on Israel in retaliation for Tel Aviv’s killing of the Lebanese group’s top military commander. Meanwhile, insisting that Iran does “not seek” escalation, Iran’s new chief diplomat has warned of a “definitive” reaction against Israel that will be “measured” and “well calculated.”

  • Iran indicates ‘JCPOA not good enough for us anymore’

    Iran’s new Reformist government appears determined to forge a revised deal with the west to lift sanctions in exchange for restrictions on the country’s nuclear program. However, there is ambiguity over potential paths ahead—including the extent to which elements of the Joint Comprehensive Plan of Action (JCPOA), as the 2015 nuclear agreement is known, may be restored.

  • Israel says situation on Lebanon border ‘not sustainable’

    Israeli officials and media reacted with satisfaction on Monday after a long-expected missile attack by the Iranian-backed Hezbollah movement appeared to have been largely thwarted by pre-emptive Israeli strikes in southern Lebanon. Both Hezbollah and Israel seemed content to let Sunday's attack, in retaliation for the killing of a senior Hezbollah commander in Beirut last month, count as settled for the moment.