POWER POINT What I’m hearing from energy insiders First and foremost, I hope that everybody had a wonderful 4th of July holiday and celebrated the 250th birthday of this amazing nation. As the celebrations ended and this week began, we seemed to be on a path to the Iran conflict winding down and the Strait…
Qatar’s Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha on June 22, 2026. Karim Jaafar | Afp | Getty Images War damage to energy facilities in Qatar, one of the world’s biggest liquefied natural gas producers, signals that disruptions to the market may continue for months, even…
Shares of French biotech company Abivax soared Tuesday after it released fresh data on its lead drug for bowel disease, clawing back heavy losses from earlier in the month when the same trial had investors questioning the drug’s future. Abivax stock was last trading up 34% at 111.7 euros. The move comes after it crashed…
As Europeans scramble to stay cool amid a record-breaking heatwave, Big Tech faces its own battle to keep the powerful chips in AI data centers running. Temperatures this week have underscored the impact the weather can have on infrastructure like factories, nuclear power plants and data centers. Extra demand from air conditioning units can overload…
File photo: The Japanese national flag flies in front of the container pier in the Tokyo port. Toshifumi Kitamura | Afp | Getty Images China on Monday blacklisted four Japanese government defense research institutes and imposed tighter export restrictions on dozens of other Japanese entities, escalating a months-long campaign to limit Tokyo’s access to Chinese-origin…
An exclusive look inside GE Vernova‘s largest gas turbine plant in Greenville, South Carolina, offers fresh evidence that the artificial intelligence boom is going strong. Inside, engineers are working alongside factory workers to speed up production of this complex machine. The company hired 200 workers last year, and 300 more are expected to start working…
People jump in the Trocadero Fountain near the Eiffel Tower during a heatwave in Paris on June 22, 2026. Julien De Rosa | Afp | Getty Images LONDON — Multiple Western European countries have spent this week grappling with record-smashing heatwaves, with red alerts issued in the U.K., France, Germany, Switzerland and Italy that warn…
A tourist protects herself from the sun under an umbrella in front of the Louvre Pyramid, designed by Chinese-US architect Ieoh Ming Pei in Paris on June 23, 2026, as France experiences a heatwave. Dimitar Dilkoff | Afp | Getty Images A record-breaking European heat wave has caused a major power outage in France, as…
A cooling tower is seen at the nuclear-powered Vogtle Electric Generating Plant in Waynesboro, Georgia, U.S. August 13, 2024. Megan Varner | Reuters The Energy Department announced Tuesday that it will provide $17.5 billion in loans to speed the deployment of 10 big nuclear reactors across the U.S. Energy Secretary Chris Wright said the loans…
An empty street in Toulouse, France, on June 22, 2026. France experiences its second heatwave of the year, with temperatures in Toulouse reaching or surpassing 40?C. MeteoFrance reports that this day is expected to be one of the hottest on record. Nurphoto | Nurphoto | Getty Images Several countries in Europe have issued red weather…
