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US President Donald Trump announced the launch of the Strategic Mineral Reserve.The stockpile, dubbed “Project Vault,” was announced Monday. It will combine $2 billion in private capital with a $10 billion loan from the U.S. Export-Import Bank.Recommended stories list of 4 itemsend of listThis is the White House’s latest move to invest in rare earth minerals needed to make key products such as semiconductor chips, smartphones and electric car batteries.The goal is to “ensure that American businesses and American workers are never harmed by shortages,” Trump said at the White House.The move to develop the strategic stockpile is the latest…
Kyiv — Russia attacked the Ukrainian capital Kiev with a ballistic missile early Tuesday, local authorities reported, following an agreement between Russia and the United States to suspend attacks on major cities and infrastructure as the country grapples with plummeting winter temperatures. CNN staff in Kiev reported hearing several strong explosions in the city. Russian President Vladimir Putin last week agreed to halt attacks on major Ukrainian cities and infrastructure until Sunday, the Kremlin said, following a “personal request” from U.S. President Donald Trump. The suspension also followed trilateral talks between Russia, Ukraine and the United States in Abu Dhabi,…
Celtic have rejected Nottingham Forest’s third offer worth up to £25m for midfielder Arne Engels.The Premier League club wanted to pay Engels a guaranteed fee of £20m, along with a further £5m. Celtic considered signing him a club-record contract but ultimately declined the offer. They previously rejected Forest’s first two bids for the 22-year-old, with their last offer being £17.3m. Celtic have no plans to let Engel go in this period, with manager Martin O’Neill saying on Sunday that he hoped the club would reject any offer.Engels signed for £11 million from Augsburg in August 2024. He has two and…
Union Finance Minister Nirmala Sitharaman and Union Finance Minister Pankaj Chaudhary and other non-finance officials before the presentation of Union Budget 2026-27 at Kartaviya Bhawan in New Delhi, India on February 1, 2026.Hindustan Times | Hindustan Times | Getty ImagesIndia has announced a 20-year tax holiday for hyperscalers that use data centers in the country to serve customers around the world, in a move that could move artificial intelligence-driven businesses to the South Asian country.Experts say the already low cost of data center infrastructure in India, coupled with tax incentives, makes using Indian data centers for global distribution more attractive…
oracle’s Five-year credit default swaps fell 17% as the software vendor’s plan to raise $50 billion in debt and equity boosted investors’ confidence that the company could avoid a credit downgrade as it finances its artificial intelligence development. “Equity financing significantly dampens credit downside,” Barclays credit analyst Andrew Kechis said in a note to clients on Monday. Keches upgraded Oracle’s debt to overweight and said the company should further reduce its CDS.Credit default swaps are like insurance for investors, with the buyer paying compensation in case the borrower is unable to repay the debt.Oracle’s CDS soared late last year on…
These are important developments since the 1,440th day of Russia’s war with Ukraine.Published February 3, 2026February 3, 2026Click here to share on social mediaShare 2shareHere’s what happened on Tuesday, February 2nd.finding Ukraine’s capital Kiev was attacked by Russian missiles early Tuesday morning, the city’s military administrator Timur Tkachenko said on the messaging app Telegram. Tkachenko said several apartment buildings and educational facilities were damaged. Witnesses to the Reuters news agency reported that there was a large explosion in the city. Russian troops attacked a frontline area in the Donetsk region, killing a father and son and wounding two children and…
Kalvin Phillips has completed a loan move from Manchester City to Sheffield United for the remainder of the season.The 30-year-old midfielder has only played seven minutes of football in City’s Carabao Cup this season. Sky Sports News was told there was interest from other clubs, but Phillips was keen to return to Yorkshire in a bid to rejuvenate his career. Phillips played for Leeds for eight years, making 214 appearances before moving to Manchester City in 2022 for £42m.He was part of the side that won the treble in his first season at the club, but only made 21 appearances…
SpaceX has acquired Elon Musk’s artificial intelligence startup xAI, creating the world’s most valuable private company, the spaceflight company announced Monday. Musk, who is also SpaceX’s CEO, said in a memo posted on the rocket company’s website that the merger is primarily about creating a space-based data center, an idea he has been fixating on in recent months. “Current AI advances rely on large terrestrial data centers that require enormous amounts of power and cooling. The global power demand for AI cannot be met by terrestrial solutions without imposing hardship on local communities and the environment, even in the short…
Traders work on the floor of the New York Stock Exchange (NYSE) on Wednesday, January 28, 2026 in New York, USA.Bloomberg | Bloomberg | Getty ImagesLosses in precious metals widened on Monday, with analysts and strategists pointing to U.S. President Donald Trump’s choice of Kevin Warsh to replace Federal Reserve Chairman Jerome Powell as the main trigger for the recent economic downturn.Spot gold traded nearly 2% lower at $4,771.25 an ounce in early trading in Europe, deepening losses from Friday’s historic sell-off, which fell more than 9% and was the steepest single-day decline since 1983. Spot silver prices were down…
A Waymo vehicle leaves a charging station in Austin, Texas, on January 15, 2026.Brandon Bell | Getty ImagesalphabetWaymo’s self-driving car division announced Monday that it has raised a $16 billion funding round, valuing the company at $126 billion “post-money.”This new funding is the latest move by Alphabet to fund Waymo’s continued expansion into more markets.The new valuation is more than double the valuation Waymo received after its last funding round in October 2024. This was a $5.6 billion Series C round and a valuation of $45 billion. At the time, Alphabet pledged a $5 billion, multi-year investment in Waymo.”This milestone…