作者: admin

  • Nvidia announces new AI chip for personal computers

    Nvidia announces new AI chip for personal computers

    Leading global graphics processing unit designer Nvidia has launched a groundbreaking new artificial intelligence-focused processor for consumer personal computers, marking the firm’s latest aggressive push into the fast-growing integrated AI device market. The product announcement, dubbed the RTX Spark chip, was made by Nvidia Chief Executive Jensen Huang during a headline keynote address on Monday, kicking off this year’s Computex technology trade show hosted in Taipei, Taiwan.

    In his opening remarks, Huang framed the launch as a paradigm shift for the global computing industry, comparing the transformation to the revolution that turned basic mobile phones into modern, multifunctional smartphones. “This reinvention of the computer is as big of a deal as the reinvention of the phone into what we now know as the smartphone,” Huang told the audience of tech industry insiders and attendees.

    On its official website, Nvidia positions the RTX Spark as a “new superchip” purpose-built for the emerging era of personal AI agents, designed to redefine what consumer computers can do by shifting their role from a basic productivity tool to an intuitive collaborative teammate. The new chip will be integrated into an upcoming line of Windows-powered PCs manufactured by some of the biggest names in the global PC industry, including Asus, Dell, HP, Lenovo, Microsoft Surface, and MSI. These initial systems are scheduled to hit retail markets in autumn this year, with additional models from Acer and Gigabyte set to launch shortly after the first wave.

    The entry of Nvidia’s customized AI consumer chip into the mainstream PC market sets up a direct competitive challenge to established industry giants including Apple and Intel, which have long dominated key segments of the global personal computing market. The broader global AI boom has already catapulted Nvidia to extraordinary corporate milestones: the firm is now the most valuable publicly traded company in the world, boasting a total stock market valuation that exceeds $5 trillion (£3.7 trillion).

    The RTX Spark launch came just one day after the U.S. government implemented new restrictions on Nvidia chip exports to Chinese entities. On Sunday, the U.S. Department of Commerce announced updates to its existing export control rules aimed at closing a long-flagged loophole that had previously allowed Chinese firms to access advanced AI chips through overseas-based subsidiaries. Under the new rules, exports of Nvidia’s top-tier Blackwell processors, among other cutting-edge AI chips, to these offshore Chinese company affiliates will now be restricted. Washington has pursued this series of escalating restrictions for years, with the stated goal of blocking Chinese technological groups from acquiring the high-performance chips required to advance cutting-edge domestic AI development.

  • 8 crested ibises released in Japan decades after extinction

    8 crested ibises released in Japan decades after extinction

    Decades after the crested ibis was declared extinct in Japan, eight of the iconic endangered birds have soared back into the country’s wild skies, launching a landmark new chapter in cross-border conservation and offering a hopeful symbol to a region still healing from a devastating natural disaster.

    The historic release ceremony took place Sunday in Hakui, a small city in Japan’s north-central Noto region — the very area where the last wild crested ibis in this part of the country was recorded decades ago. Under clear skies, the eight white-feathered birds, known locally as “Toki,” glided out of handcrafted wooden enclosures immediately after Crown Prince Akishino, his wife Crown Princess Kiko, and senior Japanese environmental officials cut the opening ribbon. Hundreds of local residents gathered for the event, breaking into cheers and applause as the birds climbed into the sky.

    Native to East Asia, crested ibises are celebrated for their striking features: soft orange-pink wing undersides and vivid red facial markings that make them a cultural icon across the region. By the 1970s, the species had completely vanished from Japan’s main island of Honshu, driven to local extinction by rampant overhunting and widespread habitat degradation that accompanied rapid industrial development. The last surviving individual of Japan’s original native crested ibis population passed away on Sado Island in 2003, leaving the country without any naturally occurring members of the species.

    The species’ remarkable return to Japanese wilderness would not have been possible without cross-border conservation collaboration with China. According to Japan’s Ministry of the Environment, Beijing donated a breeding pair of crested ibises to Japan in the 1990s, and in 1999, the artificial breeding program supported by this gift produced the first crested ibis chick ever successfully hatched in captivity in Japan.

    In the decades since that breakthrough, sustained breeding and protection efforts have steadily grown the Japanese crested ibis population. The first wild release took place in 2008, when 10 captive-bred birds were set free on Sado Island. Today, the wild population on the island has climbed to roughly 500 individuals, a major milestone for the decades-long recovery program.

    For the Noto region, this new release carries extra meaning beyond conservation success. The area is still in the early stages of recovery after a deadly earthquake struck in January 2024, which destroyed thousands of homes and took dozens of lives. The return of the iconic birds is widely viewed as a positive omen for the region’s rebuilding, offering a much-needed boost of hope to local communities.

    All eight birds released on Sunday were raised and prepped for wild life at the Sado Island conservation center, located in neighboring Niigata Prefecture. Ministry officials confirmed that 10 additional captive-bred crested ibises are currently being prepared for future release in the Noto region, as conservationists work to establish a stable, self-sustaining wild population outside of Sado Island.

  • ‘I could not see him one last time’: A family’s grief a year after Air India crash

    ‘I could not see him one last time’: A family’s grief a year after Air India crash

    It has been exactly 12 months since one of India’s deadliest aviation disasters shattered hundreds of lives, and for one bereaved family, the pain of losing a loved one remains as sharp as ever. Their grief is anchored in one unfulfilled, heart-wrenching wish: “I could not see him one last time.”

    On June 12, 2025, Air India Flight carrying 242 passengers and crew crashed shortly into its journey. In a tragedy that stunned the global aviation community, only one person on board survived the impact. All other 241 people perished, leaving behind extended networks of family members and friends whose lives have been permanently altered by the sudden loss.

    For many of the bereaved, the first anniversary of the crash has become a milestone for quiet mourning, reflection, and the slow, painful process of learning to live with an absence that can never be filled. For this family in particular, the inability to share a final goodbye with their loved one has left an open wound that time has yet to begin healing. As communities across India and abroad gather to honor the memory of those who died, calls for a full, transparent investigation into the cause of the crash continue to grow, with grieving relatives demanding accountability and answers that have yet to be fully delivered. The disaster remains a stark reminder of aviation safety risks and the lasting ripple effects that a single tragedy leaves on countless lives.

  • Israeli ministers who backed ethnic cleansing of Palestinians join New York parade

    Israeli ministers who backed ethnic cleansing of Palestinians join New York parade

    On a sunny Sunday in New York City, one of the most high-profile annual pro-Israel events on the U.S. political calendar unfolded against a shifting global and domestic landscape, marked by growing condemnation of Israel’s military campaign in Gaza and rising international isolation for the Israeli government. At the center of controversy this year were two far-right Israeli cabinet ministers who have openly advocated for extreme anti-Palestinian policies, who led a delegation of 13 Knesset members to the parade.

    Bezalel Smotrich, Israel’s extremist Finance Minister, has long pushed for the total expulsion of Palestinian people from Gaza and the complete destruction of the blockaded enclave. As early as May, Middle East Eye revealed that the Office of the Prosecutor at the International Criminal Court had submitted a confidential application for an arrest warrant against Smotrich, citing allegations of multiple war crimes and crimes against humanity against Palestinians in the Israeli-occupied West Bank. The charges against him include forced displacement, the illegal transfer of Israeli civilian settlers into occupied territory, and systemic persecution and apartheid, all classified as crimes against humanity under international law.

    Speaking to crowds gathered for the parade, Smotrich drew parallels between the New York event and the Jerusalem Flag March, an infamous ultra-nationalist procession that cuts through the Muslim Quarter of Jerusalem’s Old City. That annual event has a well-documented history of participants chanting violent anti-Arab slogans and physically assaulting Palestinian and Christian residents of the city.

    Smotrich was joined on the delegation by Amichai Eliyahu, Israel’s Heritage Minister, who gained global infamy last year for openly calling for the use of nuclear weapons against Gaza, which was home to 2.1 million Palestinian civilians before the outbreak of the current conflict. Eliyahu has also publicly supported a deliberate policy of starvation against the enclave’s population, stating there was nothing wrong with bombing Palestinian food and fuel stockpiles, and that the territory’s residents “should starve.”

    For decades, the New York Israel Day Parade has been a staple of local and national political life, widely regarded as an informal loyalty test for U.S. elected officials hoping to demonstrate their support for the Israeli government. But the 2025 iteration came as criticism of Israel’s military operations across Gaza, Lebanon, and Iran reaches new heights around the world.

    In a historic break with precedent, New York Mayor Zohran Mamdani — the city’s first Muslim mayor, and a longstanding public critic of Israeli policy — became the first mayor in the event’s history to skip the parade entirely. Mamdani has repeatedly accused Israel of perpetrating genocide in Gaza, and has publicly stated he would move to arrest Israeli Prime Minister Benjamin Netanyahu if Netanyahu visited New York City.

    Mamdani’s boycott comes as U.S. public opinion on Israel has shifted dramatically over the past three years. A recent April survey from the Pew Research Center found that 60% of American adults now hold an unfavorable view of Israel, a jump from 53% one year ago, and an increase of nearly 20 percentage points since 2022.

    This declining public support has coincided with growing scrutiny of decades of unwavering U.S. backing for Israel, which has received tens of billions of dollars in military aid and consistent diplomatic cover from successive U.S. presidential administrations.

    Israel’s global standing has also taken a hit from the economic ripple effects of recent escalating conflict between Israel and Iran, which has driven up global energy prices. Data from Moody’s Analytics shows that U.S. consumers have paid nearly $60 billion in extra fuel-related costs in just three months, with the average American household seeing an additional $447.19 in annualized costs as energy prices and air travel fares spiked across the country.

  • Explosion and fire at defense company in South Korea kills 5

    Explosion and fire at defense company in South Korea kills 5

    On Monday, a devastating explosion followed by a large fire broke out at a defense industry site in South Korea, leaving five people dead and two others hospitalized with injuries, according to government officials.

    The incident unfolded at a production and development campus operated by Hanwha Aerospace, located in the central South Korean city of Daejeon, roughly 140 kilometers south of the national capital Seoul. As of the initial official briefing, investigators have not yet confirmed what triggered the blast, and full details surrounding the sequence of events remain under active review.

    Yoon Seong-su, a senior emergency response official, confirmed that the worksite falls under official government classification as a designated secured facility. Kim Ju-yeon, a local public health and medical administration spokesperson, added that of the two wounded workers, one is currently in critical, life-threatening condition. She also noted that formal identification of the five deceased victims has not been completed as authorities work to next of kin notifications.

    South Korea’s national Yonhap News Agency reports that the Daejeon facility is counted among Hanwha Aerospace’s most strategically important production and research sites. It is here that the company develops large-scale solid propellants for munitions, as well as complete surface-to-surface guided weapons systems for South Korea’s national defense. Local emergency response teams were dispatched immediately to contain the fire, and authorities have not yet announced a timeline for completing their investigation into the cause of the tragedy.

  • Iran attacks damage 20 US military sites since start of war, satellite images show

    Iran attacks damage 20 US military sites since start of war, satellite images show

    Forensic analysis of satellite imagery and on-the-ground videos conducted by BBC Verify has uncovered that Iran has carried out strikes damaging at least 20 United States military installations across the Middle East since the outbreak of the ongoing regional conflict — a scale of retaliatory attacks far larger than what American officials have publicly acknowledged. The verified findings paint a far different picture of the conflict than official Washington narratives, revealing deep gaps between public statements and on-the-ground reality.

    Since late February, Iranian forces have targeted critical military infrastructure spanning eight Middle Eastern nations: Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Iraq, Jordan, Bahrain and Oman. The damage has extended to cutting-edge American military hardware, including advanced air defense systems, refueling and surveillance aircraft, and radar installations, with total losses running into millions, and potentially billions, of dollars. Independent analysts note the actual number of hit sites could be as high as 28, meaning the confirmed 20 sites represent a conservative count.

    The Iranian strikes are a direct retaliatory response to three months of joint US-Israeli offensive operations across Iran and Lebanon. The Pentagon has stated that since launching Operation Epic Fury, it has struck more than 13,000 targets inside Iran. As counterattacks have unfolded, Iran’s Supreme Leader Mojtaba Khamenei has publicly emphasized his military’s operational success, declaring in a statement earlier this week that the Middle East is no longer a safe space for American military outposts.

    This disclosure directly contradicts repeated claims from the White House that Iran’s military capabilities have been nearly completely degraded. Regional security analysts note that the verified damage to US facilities proves Tehran’s counteroffensive has been both more accurate and far more widespread than senior American officials have previously admitted. A senior US defense official declined to answer questions about BBC Verify’s findings, citing operational security requirements.

    In a bid to restrict independent scrutiny of the conflict, the US government has pressured commercial satellite provider Planet to enforce an indefinite block on new high-resolution imagery of Iran and most of the Middle East. The company has defended the restriction, claiming it was enacted to prevent its imagery from being used by adversarial actors to target US, allied and NATO-partner personnel and civilian populations. To work around this restriction, BBC Verify combined historical imagery from Planet with fresh satellite data from other international commercial providers to map and verify the damage from Iranian strikes.

    Among the most high-value assets destroyed are three cutting-edge Terminal High Altitude Area Defense (THAAD) anti-ballistic missile batteries, located at Al Ruwais and Al Sader Airbases in the UAE and Muwaffaq Salti Airbase in Jordan. The US only operates eight THAAD batteries globally, with each unit costing roughly $1 billion to manufacture. Each battery requires a 100-person crew to operate, and individual interceptor missiles cost approximately $12.7 million apiece. Vice-Admiral Mark Mellett, former chief of the Irish Defence Forces, told BBC Verify that THAAD batteries form the core of a highly integrated regional US defense network that cannot be quickly or easily replaced after sustaining major damage.

    Satellite analysis also confirms that Iranian strikes caused heavy damage to US refueling and surveillance aircraft stationed at Prince Sultan Airbase in Saudi Arabia, with visible imagery showing damaged airframes and smoking impact craters. Analysts from open-source intelligence firm MAIAR identified one destroyed aircraft as an E-3 Sentry airborne surveillance plane, a platform that costs up to $700 million to replace.

    Multiple strikes have also hit key US installations in Kuwait, including Ali Al Salem Airbase and Camp Arifjan. Satellite analysis from MAIAR shows destroyed fuel storage bunkers, aircraft hangars and troop accommodation buildings at Ali Al Salem, which has been targeted repeatedly throughout the conflict. At Camp Arifjan, defense intelligence outlet Janes confirmed extensive damage to critical satellite communications infrastructure.

    While the full financial cost of the damage remains difficult to calculate, a May Pentagon estimate put the total cost of Operation Epic Fury at $29 billion, with the vast majority of that sum allocated to repairing or replacing equipment destroyed in combat. Congressional Democrats have repeatedly stated that this official estimate is far lower than the actual total cost of losses. BBC Verify’s analysis also confirms that at least 42 US aircraft have been destroyed or damaged since February, including F-15 and F-35 fighter jets, 24 MQ-9 Reaper drones, and an A-10 ground attack aircraft.

    Unlike the high-cost, cutting-edge hardware deployed by the US, Iran has relied heavily on low-cost, easily replaceable drones to carry out its strikes across the region. Security experts note that Iranian tactical doctrine has evolved rapidly over the course of the conflict, shifting from large, widespread missile barrages to smaller, far more precision-focused strikes on high-value targets.
    “Iran’s opening strikes were designed for mass volume: large waves of projectiles meant to overwhelm air and missile defenses through sheer numbers,” explained Dr. Kelly Grieco, an analyst with the Washington-based Stimson Center think tank. “Within days, however, Iran had shifted to smaller, more precisely targeted salvos, conserving remaining missiles and drones for specific high-value targets and concentrating fire where even near-misses can cause significant damage.”
    A MAIAR analyst added that the US military appeared to suffer from early-war complacency, failing to reposition high-value aircraft out of the range of Iranian drones and missiles even as Tehran adjusted its tactics. The analyst noted that Prince Sultan Airbase had already been targeted prior to the strike that destroyed multiple parked aircraft, giving US forces ample warning to reposition assets that they failed to act on.

    Khamenei has doubled down on Iran’s position, vowing that “the nations and lands of the region will no longer serve as shields for American bases,” adding that “America will no longer have a safe place in the region for mischief and the establishment of military bases, and day by day it will drift further from its former position.”
    Khamenei’s comments came just days before the fragile existing ceasefire between the US and Iran came under renewed strain. On Thursday, Iran’s Islamic Revolutionary Guard Corps announced it had targeted another American base in the region, following fresh US strikes on southern Iran.
    Dr. Grieco warned that if the ceasefire collapses and full-scale fighting resumes, the already sustained damage to US air defense capabilities leaves all American installations across the Gulf vulnerable to new strikes. “The current conflict has consumed US and partner air defense stocks at a significant rate,” she said. “There is no rapid path to replenishment, meaning any renewed Iranian assault would be met with only a fraction of the interceptors that were available when the conflict started.”

  • Search for missing Trisha Graf takes bleak new turn

    Search for missing Trisha Graf takes bleak new turn

    The weeks-long search for a missing 41-year-old mother in outback South Australia has entered a somber new phase, with authorities announcing they will comb through roughly 1,000 abandoned mineshafts and drain a local dam for a second time as they hunt for clues to her fate. Trisha Graf was last seen nearly two months ago in the remote mining town of Andamooka, vanishing in the early hours of December 12 under puzzling circumstances that have left investigators and community members grasping for answers.

    Graf’s disappearance began unfolding on the evening of December 11, when she visited a hotel in the nearby town of Roxby Downs. She left the establishment at 12:19 a.m. on December 12, behind the wheel of her white 2012 Ford Territory, registered as S254BCX, and headed toward Andamooka. Not long after entering the area, she collided with a kangaroo on the road outside the small township. After the crash, Graf and a friend traveling with her continued into Andamooka and stopped at a residence in the town’s northwest district. It was shortly after 2 a.m. that she was last spotted by witnesses.

    Within hours, alarm began to spread when Graf’s partner and the friend accompanying her found her vehicle abandoned: the Ford was perched on a dirt embankment near Blue Dam, a remote water body just outside Andamooka. Since that discovery, South Australian Police have launched repeated search operations in the area, deploying ground teams, aircraft, and dive units to comb the dam and surrounding terrain. The first search of Blue Dam included draining the water body to allow divers to check for evidence, but the operation turned up no conclusive answers. Investigators have also been unable to rule out the possibility that critical clues remain in the dam, leading to plans for a second draining operation in the latest search phase.

    On Monday, investigative teams returned to the Andamooka region to launch the new phase of the search, one that marks a grim shift in the case after weeks of unsuccessful efforts. In addition to re-draining Blue Dam, police will systematically search approximately 1,000 disused mineshafts scattered across the immediate area around the dam, where Graf’s car was found. The remote outback region around Andamooka has a long history of mining, leaving hundreds of abandoned, unmarked shafts scattered across the terrain that have been unused for decades.

    Graf’s disappearance has drawn widespread attention across South Australia, with local communities and police continuing to appeal for any information that could crack the case. Authorities are urging any member of the public who has details about Graf’s movements in the hours and days leading up to her disappearance, or who may have information about her current whereabouts, to come forward. Tips can be submitted anonymously to Crime Stoppers South Australia via their official website or by calling the 24-hour tip line.

    This latest expansion of the search comes after months of dead ends, leaving investigators hopeful that the new sweep of the mineshafts and dam will finally uncover the information needed to solve the mystery of Trisha Graf’s disappearance.

  • Patients find help with therapy donkeys at psychiatric hospital near Paris

    Patients find help with therapy donkeys at psychiatric hospital near Paris

    In the quiet, tree-lined grounds of Ville-Evrard hospital, just outside Paris in Neuilly-sur-Marne, a one-of-a-kind mental health treatment program is changing patients’ lives through an unlikely partner: calm, gentle therapy donkeys. Housed in restored 19th-century farm buildings, this specialized unit blends the restorative power of nature with the intuitive emotional intelligence of animals to offer a complementary form of care that stands alone in France today.

    On a recent Friday session, patients walked the site’s wooded paths alongside the program’s five donkeys — Nono, Pitou, Oscar, Manolo and Malraux — learning to groom the animals, clean their hooves, and build quiet, trusting bonds. Many participants left the session with soft hugs for their donkeys, visibly relaxed after hours of interaction away from traditional hospital treatment routines. For 60-year-old patient Nathalie, the impact of the sessions matches that of her anxiety-relieving medication. “I’d call it animal medicine,” she explained, speaking under a first-name-only agreement to protect her privacy. “It brings relief. You stop thinking about everything else.”

    The program, which is fully covered by France’s public health system, is offered to patients at no extra cost as part of their personalized treatment plans. Nurse Audrey Seffar, who works on the unit, highlighted Nathalie’s remarkable progress over just a handful of sessions. When she first joined, Nathalie, who experiences physical difficulties, would not leave the mobility cart provided for her. But with gentle encouragement from staff and the quiet presence of her paired donkey, she gradually gained the confidence to stand and walk alongside the animal. “The animal serves as a mediator,” Seffar explained. “It’s such an extraordinary one that today she was able to leave the cart and stand beside her donkey.”

    For 52-year-old patient Jérôme, the program has cut through the deep loneliness that often accompanies chronic mental illness. “Talking with people, taking part in activities I wouldn’t normally do, it helps me in my daily life,” he said. “It helps you break away from the routine of treatment and medication. Staying at home isn’t good for me.”

    The groundbreaking initiative first launched in 2016, spearheaded by psychiatric nurse Ermelinda Hadey and her husband François Hadey. Ermelinda had long advocated for the value of animal-assisted therapy, and identified donkeys — known for their naturally calm, social demeanor — as ideal candidates for the work. François trained the animals specifically for therapy interactions, and many of the donkeys themselves were adopted from animal shelters after surviving neglect or mistreatment, creating an unspoken shared understanding with patients navigating trauma.

    François Hadey notes that donkeys’ unique temperament makes them perfect for this work: “A donkey is very intelligent. It understands things very quickly, but you have to explain slowly. Donkeys are calm, serene animals that are generally close to people. Once they’re involved in these interactions, they connect very well with patients. They’re emotional sponges.”

    In 2022, the program earned official status as a dedicated health care unit within the hospital, enabling it to hire three full-time nursing staff, with additional support from volunteers with a local nonprofit that helps care for the animals. It has since expanded beyond donkeys to add a range of other small animals, including guinea pigs, chickens, doves, goats, turtles and rabbits. Sessions are tailored to each patient’s ability and needs, with smaller animals able to be brought directly to the rooms of patients who cannot leave their beds.

    Eighteen-year-old nursing student Alicia Fabi, who regularly participates in the sessions, says the program offers patients a much-needed break from the structured hospital environment. “Every time we come back from the activity, they say they feel good, calm and relaxed, and that they enjoyed the outing. That’s really positive,” she explained. Walking and working alongside the animals also allows care teams to build deeper, more trusting relationships with patients outside of clinical conversations. “We talk about many different things, their illness, their lives and just about everything else. We don’t focus only on the illness because we don’t want them dwelling on it all the time,” Fabi added.

    The program is designed to treat a wide range of mental health conditions, including anxiety, depression, autism spectrum disorder, schizophrenia, and other mood and personality disorders. Care teams report consistent improvements in patients’ emotional regulation, communication skills, social interaction, and self-esteem. Even small daily tasks with the animals double as therapeutic work: when patients help feed and groom the donkeys, those habits translate to improvements in their own self-care, Ermelinda Hadey explained. “Everything we do with the animals allows us to work with the patient,” she said. “We work on feeding the animal, which helps us address the patient’s own eating habits. We work on the animal’s hygiene, and by mirror effect, we work on the patient’s hygiene as well.”

    Many participants take intensive prescription medications, including antipsychotics and sedatives, that can leave them feeling unmotivated to engage in activities. Hadey says the connection with the animals cuts through that fog, giving patients a reason to show up and participate. Crucially, the program does not replace traditional psychiatric care or medication, but acts as a complementary support to help patients regain confidence and a sense of self-worth.

    Now, the team behind the program is pushing for formal recognition from the global psychiatric community, and is calling for targeted scientific research to document the long-term benefits of donkey-assisted therapy. While hundreds of patient anecdotes and daily observations from care staff confirm the program’s positive impact, formal clinical research is needed to cement its status as a evidence-based complementary treatment. “To do that, we need research. We have plenty of accounts from patients … Caregivers who accompany them see the benefits every day as well. But doctors have so many other responsibilities that they don’t necessarily witness it firsthand,” Hadey explained. For the staff that works on the unit every day, though, the proof is already clear: as one nurse put it at the end of Friday’s session, “Donkeys are my best colleagues.”

  • Japan, South Korea stocks hit more records, as oil gains on Iran war ending fragility

    Japan, South Korea stocks hit more records, as oil gains on Iran war ending fragility

    Global financial markets kicked off the trading week on a mixed note Monday, as a relentless surge in artificial intelligence demand drove benchmark indices in Japan and South Korea to unprecedented all-time highs, while volatility persisted in energy markets amid ongoing negotiations over an extended Iran war ceasefire.

    The wave of investor optimism surrounding AI’s long-term growth trajectory lifted technology and semiconductor stocks across Asia, pushing two of the region’s most closely watched benchmarks into uncharted territory during intraday trading. Japan’s Nikkei 225 climbed more than 1.3% to close at 67,231.28, marking the first time the index has crossed the 67,000 threshold in its history. Leading the rally was SoftBank Group, the Japanese investment conglomerate that has built a massive portfolio of AI-focused assets, whose shares jumped more than 9% after notching a record high in the prior week. Over the past 30 days, the Nikkei 225 has rallied more than 12% as investor appetite for technology exposure continues to grow.

    South Korea’s Kospi index matched its regional peer’s historic run, soaring nearly 5% to hit an all-time peak of 8,874.16. Market gains were anchored by Samsung Electronics, the country’s largest corporation and a leading global producer of advanced semiconductors, whose shares rose more than 9%. The stellar performance came as newly released official data showed South Korean exports surged 53% year-over-year in May, powered entirely by booming global demand for memory chips critical to powering AI systems. Over the past month alone, the Kospi has jumped more than 27%, cementing its status as one of the world’s best-performing major indices this year.

    Most other Asian markets also posted modest gains on Monday. Hong Kong’s Hang Seng Index climbed 0.9% to 25,408.96, while Taiwan’s Taiex gained 1.4% and India’s Sensex added 0.6%. China’s Shanghai Composite edged down 0.1% to 4,063.72, and Australia’s S&P/ASX 200 slipped 0.1% to 8,720.30, after China released weekend data showing factory activity softened in May due to cooling demand for exports from key global markets.

    Beyond the AI-driven stock rally, market movements remained tightly tied to geopolitical uncertainty stemming from the three-month-old Iran war, with investors closely awaiting a decision on a proposed 60-day extension of the current ceasefire. Negotiations between U.S. and Iranian officials remained ongoing Monday, with key sticking points including the reopening of the Strait of Hormuz — the strategic global waterway that carries roughly a fifth of the world’s daily oil and natural gas trade. The strait has remained largely closed since the war began, after the U.S. imposed a sea blockade on Iranian ports, and a final agreement remains unsettled: U.S. President Donald Trump held high-level talks with advisors last Friday but had not issued a final decision on the ceasefire extension, and Iranian officials have confirmed no deal has been finalized.

    Geopolitical tensions pushed energy prices sharply higher on Monday. International benchmark Brent crude climbed 2.4% to $93.33 per barrel, up from roughly $70 per barrel in late February just before the war began. U.S. benchmark crude rose 2.8% to $89.76 per barrel. U.S. stock futures edged higher in pre-market trading, extending a record-breaking rally that lifted all three major Wall Street indices to new highs last Friday. The S&P 500 notched its seventh consecutive daily gain, climbing 0.2% to close at 7,580.06, while the Dow Jones Industrial Average rose 0.7% to 51,032.46 and the technology-heavy Nasdaq composite gained 0.2% to 26,972.62.

    The U.S. rally was also powered by AI-linked technology names: Dell Technologies surged 32.8% after posting stronger-than-expected quarterly results and raising its full-year outlook on the back of booming AI demand, while Microsoft added more than 5.4% and chipmaker Broadcom gained 4.7%.

    In currency markets, the U.S. dollar appreciated slightly against the Japanese yen, rising to 159.48 yen from 159.25 yen in prior trading. The euro edged lower to $1.1645, down from $1.1667.

    Market analysts note that while the AI boom has created a powerful, broad-based rally across global equity markets, ongoing geopolitical uncertainty around the Iran conflict continues to act as a headwind, keeping energy prices volatile and pushing investors toward safe-haven assets at intervals. Even so, sustained strong demand for AI-related semiconductors and services has offset much of that uncertainty, keeping stock indices on an upward trajectory through the first half of the year.

  • Brisbane begins work on the 2032 Olympics main stadium at Victoria Park after protesters moved

    Brisbane begins work on the 2032 Olympics main stadium at Victoria Park after protesters moved

    Nearly five years after Brisbane secured the hosting rights for the 2032 Summer Olympic Games, official construction work on the Games’ flagship stadium got underway on a crisp, sunny winter Monday in Queensland, Australia, following the relocation of on-site protesters and the deployment of heavy excavation equipment.

    The handover of the Victoria Park construction site, located in Brisbane’s inner city, was completed at midnight when the Games’ Independent Infrastructure and Coordination Authority took over ownership from Brisbane City Council. Work crews quickly erected temporary perimeter fencing around the plot earmarked for the AU$3.6 billion (US$2.6 billion) main stadium, with a heavy contingent of police deployed to the area to maintain order.

    This security buildup came days after Queensland state police arrested five people occupying protest camps in the parklands, and council workers began dismantling the makeshift encampments. Just hours after the site handover, a small remaining group of activists was moved from inside the construction perimeter to the area outside the fencing. Hundreds of protesters had gathered for a large demonstration at the site on Sunday afternoon, but the start of construction proceeded quietly under police watch on Monday morning.

    Queensland Premier David Crisafulli marked the official start of works with a ceremonial first sod turning, telling reporters that the Queensland public has repeatedly pressed his government to move forward with the project. “It’s game on — we have a plan to deliver for the 2032 Games and beyond, and today, we get cracking on delivering it,” he said. “Victoria Park will be the beating sport, cultural and green heart of Brisbane, and a place all Queenslanders can be proud of.”

    Crisafulli noted that he respected protesters’ right to free speech and advocacy, but drew the line at demonstrations blocking construction work, adding that after the stadium is completed, more than two-thirds of the total Victoria Park area will remain public green space.

    Opposition to the project has been led by Indigenous groups and environmental organizations, who argue that building the main stadium on the heritage-listed inner-city park will permanently erase critical green space and culturally significant sacred sites for future generations of Queenslanders. Organizers of the Save Victoria Park movement emphasize they are not opposed to the Olympics altogether, but reject the current venue plan that places the stadium in the park.

    “We’re not an anti-Olympics group, but we don’t support the Olympics in its current form,” Save Victoria Park organizer Andrea Lunt told the Australian Associated Press. Lunt added that the group is currently weighing its next steps in the campaign, noting that the park’s unique heritage and historical value make it an irreplaceable public asset for Brisbane.

    Legal and regulatory challenges to the project have already been mounted. Last year, the Queensland state government reclassified Victoria Park, exempting the site from existing heritage, environmental and planning regulations, and converted the land to freehold ownership to clear the way for construction. Indigenous, heritage and environmental groups have launched legal challenges to overturn this decision.

    At the federal level, Australian Environment Minister Murray Watt confirmed he has received 10 applications seeking emergency protection for a significant Aboriginal site at the park that campaigners say is under threat of injury or desecration. Watt has already rejected some of the applications but is still reviewing others. Speaking to the Australian Broadcasting Corporation, Watt explained that cultural heritage declarations are not intended to block major projects entirely, but instead to mandate specific protections to prevent damage or desecration of culturally important sites.

    The five people arrested during a police operation to clear protest camps on Friday face charges of obstructing police and assaulting officers, according to a police spokesperson. One of the five arrested has since been released without charge. Prior to the start of construction, the Victoria Park site hosted a golf driving range, open public parkland, and a popular venue for weddings and community events.

    The International Olympic Committee gave its official backing to the Queensland government’s revised 2032 venue plan last year, following a series of earlier planning delays, confirming that the Brisbane Games remain “on the right path.” The 2032 Olympics has secured full backing from both the Queensland state government and the federal Australian government for venue construction and delivery.