infrastructure

Lenovo posts record $26.9B quarter as AI revenue soars

Lenovo Group reported its strongest quarter in company history on Thursday, with revenue surging 43% year-on-year to $26.94 billion for the three months ending June 30, far exceeding analyst expectations of $22.3 billion. The results were powered by accelerating demand…

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Russia strikes Ukraine’s Izmail port, igniting fire at key grain hub

Russian forces attacked Ukraine's largest Danube port of Izmail overnight on August 13, targeting port infrastructure and igniting a fire, according to the Izmail District State Administration.

AI inference spending overtakes model training for first time, Gartner says

Global spending on AI inference workloads is set to exceed training expenditures for the first time this year, a shift that Gartner says marks a turning point in how businesses use artificial intelligence. According to a Gartner report released Monday,…

£430M UK-Ireland power cable rerouted to save Dobby’s grave

Hundreds of Harry Potter fans pressured developers of a £430 million undersea power cable between Britain and Ireland to reroute the project after discovering it would pass directly through an unofficial memorial to Dobby the House Elf on a Welsh…

DeepSeek plans massive 1-gigawatt data center in Inner Mongolia

China's DeepSeek is planning to build a massive artificial intelligence data center in Ulanqab, Inner Mongolia, a move that would mark one of the largest single computing infrastructure buildouts by the startup that has emerged as a formidable rival to…

EU opens $11.4B tender for seven AI gigafactories

The European Union on Thursday formally opened a bidding process for the construction of seven AI gigafactories, offering 10 billion euros ($11.4 billion) in public funding as the bloc seeks to close a widening gap with the United States and…

Gulf states eye record debt binge to build Hormuz bypasses

Persian Gulf oil exporters are preparing to tap debt markets at an accelerating pace to fund ports, pipelines, and transport links that would reduce their dependence on the Strait of Hormuz, which Iran has kept effectively closed since April. The…

Alphabet discloses $811B in future spending commitments

Alphabet revealed $811 billion in contracted purchase commitments as of June 30 in its quarterly filing with the Securities and Exchange Commission, a jump of roughly $500 billion from the $316 billion disclosed just three months earlier. The staggering figure,…

Kuwait summons Iran’s ambassador after fourth day of strikes on water plants

Iranian missile and drone attacks hit Kuwait's power generation and water desalination facilities on Monday for a fourth consecutive day, sparking fires across multiple plants and deepening a humanitarian crisis in a nation where roughly 90 percent of drinking water…

China bets on infrastructure spending to stabilize slowing economy

China's economy expanded 4.3% year-on-year in the second quarter of 2026, its weakest quarterly performance in more than three years, falling below both market expectations and Beijing's own full-year target range, according to data released July 15 by the National…

Kuwait halts flights after Iranian strikes close airspace

Kuwait International Airport temporarily suspended all takeoff and landing operations on Saturday after Iranian missile and drone attacks prompted the closure of Kuwaiti airspace, forcing the country's flag carrier to reschedule most of its commercial flights.

Dubai plans new Fujairah port to bypass Strait of Hormuz

DP World, the Dubai-based port operator, is planning to build a new multipurpose port and container terminal on the UAE's eastern coast near Fujairah, according to a report published Monday by the Financial Times London Stock Exchange Group plc. The…

China evacuates 1.8 million as Typhoon Bavi nears landfall

China evacuated more than 1.8 million people on Saturday as Typhoon Bavi churned toward the eastern coastal city of Wenzhou in Zhejiang province, one of the most powerful storms to threaten the country's densely populated eastern seaboard this year. The…

Meta to build C$13 billion data center in Alberta

Meta Platforms announced Wednesday it will build its first data center in Canada, a 1-gigawatt facility in Sturgeon County, Alberta, northeast of Edmonton, representing a total investment of C$13 billion (approximately US$9.17 billion).

BlackRock-backed AIP among bidders for Stack’s $30B Asia data centers

The Artificial Intelligence Infrastructure Partnership, a consortium backed by BlackRock, and KKR are among a growing list of parties interested in acquiring Stack Infrastructure's Asia-Pacific data center portfolio, Bloomberg reported on Tuesday, as the race for AI-ready computing capacity in…

US strikes destroy water reservoirs in Iran, drawing war crime accusations

US airstrikes on Wednesday destroyed two concrete water storage reservoirs in the southern Iranian city of Sirik in Hormozgan Province, temporarily cutting off drinking water to thousands of residents and drawing accusations of war crimes from Iranian officials. The strikes…

US announces $100M for World Cup host city transit

The U.S. Department of Transportation on Tuesday announced $100.3 million in federal funding to bolster public transit systems in the 11 American cities hosting FIFA World Cup matches this summer, as transportation agencies from Boston to Seattle finalize sweeping plans…

Saudi Arabia scales back NEOM megacity as costs soar

Saudi Arabia is significantly downsizing its flagship NEOM development and the ambitious linear city known as The Line as Crown Prince Mohammed bin Salman acknowledges delays, cost overruns, and flaws in the project's original conception, according to a Financial Times…

Water leak damages hundreds of books at Louvre

A water leak at the Louvre Museum in Paris damaged between 300 and 400 historical works in the Egyptian antiquities department last month, underscoring the deteriorating infrastructure at the world's most-visited museum just weeks after a $102 million jewel heist…

JFK’s new $4.2B terminal to feature ‘Museum Row’ art district

JFK Airport's new $4.2 billion Terminal 6 will transform its international arrivals corridor into a museum district, featuring permanent art installations from four of New York City's premier cultural institutions. The collaboration, announced Monday by the Port Authority and JFK…