Author: Solomon Alaka

Irish Government Announces €4.6 Million in Diaspora Funding for Irish Diaspora Organisations in the U.S. and Canada

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The Irish Government has unveiled over €4.6 million in funding to support Irish diaspora organisations across the United States and Canada, reinforcing its commitment to overseas communities through the Emigrant Support Programme (ESP). Announced by Tánaiste and Minister for Foreign Affairs and Trade Simon Harris TD, alongside Minister of State for International Development and Diaspora […]

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Human Rights Watch Urges China to Release Tibet Rights Activist Zhang Yadi

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Human Rights Watch has called on Chinese authorities to release 22-year-old activist Zhang Yadi (张雅笛), also known as Tara, who was arrested on July 31 in Shangri-La, Yunnan province. Zhang, a member of the group Chinese Youth for Tibet, is accused of violating Article 103 of China’s criminal code, which criminalizes activities deemed to “split […]

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President Trump Condemns Palestinian State Recognition at UNGA, after Blocking Abbas from Attending Summit

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In a forceful address to the United Nations General Assembly on Tuesday, U.S. President Donald Trump denounced recent moves by several Western nations to recognize a Palestinian state, calling the gesture a “reward” for Hamas following its October 2023 attacks on Israel. Trump criticized what he described as unilateral recognition efforts by countries including France, […]

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Eni Deepens Fusion Power Commitment with $1 Billion Investment in CFS Partnership

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Italian energy major Eni has announced a $1 billion expansion of its strategic partnership with Commonwealth Fusion Systems (CFS), a U.S.-based startup pioneering commercial fusion energy. The agreement marks one of the largest private-sector investments in fusion technology to date and underscores Eni’s long-term commitment to decarbonization and energy innovation. The funding will support the […]

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Gold Surges to Record High Following Fed Policy Shift and Rising Indian Demand

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Gold prices soared to an all-time high this week, breaching $3,790 per ounce, driven by dovish signals from the U.S. Federal Reserve and surging physical demand in key markets. The rally follows remarks by newly appointed Fed Governor Stephen Miran, who called for more aggressive interest rate cuts to counter slowing economic momentum. Miran’s comments […]

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U.S. Court Blocks Trump’s Offshore Wind Ban, Clears Path for Orsted’s Rhode Island Project Resumption

Solomon AlakaLeave a Comment on U.S. Court Blocks Trump’s Offshore Wind Ban, Clears Path for Orsted’s Rhode Island Project Resumption

A federal judge in the District of Columbia has issued a preliminary injunction against President Donald Trump’s executive order halting construction of the Revolution Wind offshore project, effectively allowing Danish energy firm Ørsted to resume development off the coast of Rhode Island. The court ruled that the administration’s directive lacked sufficient legal justification and posed […]

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Glencore in Talks to Sell 75% Stake in Kamoto Copper Unit Amid Strategic Shift

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At this stage, no official sale price has been disclosed for Glencore’s 75% stake in the Kamoto Copper Company (KCC). However, sources familiar with the matter have confirmed that Glencore previously rejected an unsolicited offer from Orion Resource Partners, which was working in partnership with Abu Dhabi’s ADQ. While the valuation of the asset remains […]

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FAA Proposes $3.1 Million Fine Against Boeing Over Safety Violations

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WASHINGTON — The U.S. Federal Aviation Administration (FAA) has proposed civil penalties totaling $3,139,319 against Boeing for a series of safety violations identified between September 2023 and February 2024. The enforcement action follows a high-profile incident on January 5, 2024, when a door plug detached mid-flight from a Boeing 737 MAX 9, prompting renewed scrutiny […]

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Carbon2Chem: Germany’s Ambitious Push Toward Climate- Neutral Steel Production

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DUISBURG — Carbon2Chem®, a pioneering German initiative, is redefining industrial sustainability by transforming carbon-rich blast furnace gases from steel production into valuable chemical products. The project aims to reduce CO₂ emissions and foster a circular economy within one of the world’s most carbon-intensive sectors. Launched as a collaboration between leading industrial and research institutions—including thyssenkrupp […]

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Roche to Acquire 89bio in $3.5 Billion Deal to Expand Weight-Loss Portfolio

Solomon AlakaLeave a Comment on Roche to Acquire 89bio in $3.5 Billion Deal to Expand Weight-Loss Portfolio

BASEL — Swiss pharmaceutical giant Roche has agreed to acquire U.S.-based biotech firm 89bio in a deal valued at up to $3.5 billion, marking a strategic move into the rapidly expanding weight-loss therapeutics market. The acquisition centers on 89bio’s lead candidate, pegozafermin, a novel compound in late-stage development for nonalcoholic steatohepatitis (NASH) and severe hypertriglyceridemia—conditions […]

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