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Aboriginal children's book withdrawn due to illustrator's remarks on Bondi attack
Global

Aboriginal children’s book withdrawn due to illustrator’s remarks on Bondi attack

by admin April 24, 2026
written by admin

Money, a member of the Wiradjuri community, has been recognized for her exceptional poetry, including the esteemed 2025 Kate Challis RAKA Award, which honors Indigenous artists. Additionally, she has been awarded the First Nations Emerging Career Award by the Australia Council for the Arts.

April 24, 2026 0 comments
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TSMC shares soar to all-time high as Taiwan relaxes single-stock investment restrictions for funds
Economy

TSMC shares soar to all-time high as Taiwan relaxes single-stock investment restrictions for funds

by admin April 24, 2026
written by admin

TSMC CoWoS chips: Demonstrated microchips packaged using CoWoS at TSMC’s facilities in San Jose, California, presented to CNBC on February 20, 2026.
CNBC

Shares of Taiwan Semiconductor Manufacturing Co. jumped 5% to a new all-time peak on Friday following the island’s regulatory announcement to ease restrictions on fund allocations to individual stocks.

According to the new guidelines, domestic equity funds and actively managed ETFs that focus solely on Taiwanese equities will be permitted to direct up to 25% of their assets to any listed company with a weight exceeding 10% on the Taiwan Stock Exchange.

A longstanding regulation had limited fund managers’ investments in a single enterprise to 10% of their portfolio’s net asset value.

TSMC, whose stock also reached a record high on Thursday, last week disclosed a 58% rise in first-quarter earnings, surpassing forecasts as the surge in artificial intelligence heightens demand for chips.

TSMC’s net profit of 572.48 billion new Taiwanese dollars for the quarter ending in March marked a fourth consecutive quarter of record earnings.

The firm stands as Asia’s most valuable tech company, producing semiconductors utilized in various devices ranging from consumer electronics to extensive data centers.

The globe’s largest contract chip manufacturer continues to experience strong demand for advanced chips from leading clients like Apple, while also gaining from the swift growth of AI, manufacturing cutting-edge processors designed by companies such as Nvidia — now its top customer.

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April 24, 2026 0 comments
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Epstein accommodated victims of abuse in London apartments, BBC discloses
Global

Epstein accommodated victims of abuse in London apartments, BBC discloses

by admin April 24, 2026
written by admin

A collection of presents noted in the documents led us to another residence. Information about yet another, leased in 2018 and 2019, was hidden within a 10,000-page credit card statement. It also detailed the daily expenditures of the woman residing there, who possessed her own card under Epstein’s account with a $2,000 (£1,477) monthly budget.

April 24, 2026 0 comments
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Intel's shares surge 20% after exceeding forecasts, with the semiconductor manufacturer demonstrating indications of expansion.
Economy

Intel’s shares surge 20% after exceeding forecasts, with the semiconductor manufacturer demonstrating indications of expansion.

by admin April 23, 2026
written by admin

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Lip-Bu Tan, CEO of Intel Corp., leaves after a meeting at the White House in Washington, Aug. 11, 2025.
Alex Wroblewski | Bloomberg | Getty Images

Intel disclosed its first-quarter earnings on Thursday, surpassing Wall Street’s forecasts, showcasing signs of a turnaround for the beleaguered chipmaker.

Shares of the American chipmaker soared by 20% in after-hours trading.

Here’s a comparison of the company’s performance against analysts’ estimates gathered by LSEG:

  • Adjusted earnings per share: 29 cents versus an expected 1 cent
  • Revenue: $13.58 billion compared to the projected $12.42 billion

Intel has recently emerged as a favorite on Wall Street, with its stock soaring more than 80% this year as of Thursday’s close, after a remarkable 84% rise in 2025. The Trump administration has supported the chipmaker by making the U.S. government its largest shareholder last year, aiming to bring chip production back to the U.S. Nvidia and SoftBank have also invested heavily in Intel.

However, the company struggled against competitors Nvidia and Advanced Micro Devices during the early phase of the AI boom, lacking substantial momentum.

This trend appears to be shifting. Revenue rose by 7.2% from $12.67 billion year-over-year. This comes after experiencing revenue declines in five of the last seven quarters.

Intel indicated that it anticipates second-quarter revenue between $13.8 billion and $14.8 billion, with adjusted earnings per share projected at 20 cents. This is significantly higher than analyst forecasts, which estimated revenue of $13.07 billion and EPS of 9 cents.

The data center segment witnessed the strongest growth for Intel, as it begins gaining traction in AI, fueled by a surge in demand for central processing units (CPUs). Revenue in this area rose 22% to $5.1 billion.

The once-quiet CPU market has surged as workloads shift beyond Nvidia’s dominant graphics processing units (GPUs) in AI. This rising demand for CPUs has supported Intel’s recent $14 billion acquisition of a 49% stake in its Ireland chip facility that it had previously sold to Apollo Global Management.

“The CPU is reasserting itself as the essential foundation of the AI era,” declared Intel CEO Lip-Bu Tan during the earnings call. “This isn’t merely our optimistic perspective; it’s what we are hearing from our clients.”

Intel continues to operate at a loss. The company reported a widening net loss of $4.28 billion, or 73 cents per share, up from $887 million, or 19 cents per share a year ago.

Intel’s approach to chip production is distinctive. As an integrated device manufacturer, Intel produces its own products while also fabricating the silicon that powers them. In contrast, most chipmakers delegate the intricate and pricey manufacturing process to major fabrication plants operated by Taiwan Semiconductor Manufacturing Company.

Intel’s foundry revenue climbed 16% from a year ago to $5.4 billion, although much of this foundry business comprises producing its own chips.

Intel’s Core Ultra Series 3 processors began shipping in PCs in January, while its latest Xeon 6+ data center processors were released in March. Shortly thereafter, Google pledged to utilize multiple generations of Intel CPUs to manage AI workloads in its data centers.

The latest Intel processors for PCs and data centers are manufactured on the 18A process node at a colossal new facility in Arizona. Presently, Intel is the sole major client of its 18A chip fabs, even though it is technologically akin to TSMC’s 2-nanometer node.

The real challenge will be persuading long-time TSMC clients to transition.

Intel is in the process of recovering from years of delays on prior nodes, and some 18A wafers experienced defects, resulting in a diminished number of usable chips per wafer, commonly referred to as yield.

Some analysts await signs of promising yields from Intel’s next-generation 14A technology, anticipated for 2028 or later. After earlier signaling that Intel would delay moving forward with the costs of ramping up the new technology until a significant customer emerged, Tan stated on X in January that Intel is “going all in on 14A.”

On the earnings call, Tan mentioned that “multiple clients” are currently “evaluating the technology,” and that its development is progressing at a quicker rate than what was observed with the 18A technology.

A potential major customer could be Elon Musk, although specifics remain unclear. Intel announced earlier this month its collaboration with Musk’s Terafab chip complex in Austin, Texas, to assist in “designing, fabricating, and packaging ultra-high-performance chips at scale” for SpaceX, xAI, and Tesla.

During Tesla’s first-quarter earnings call on Wednesday, Musk indicated that Tesla intends to leverage Intel’s upcoming 14A process for chip production at the facility, which aims to manufacture chips for Tesla’s vehicles and robots, as well as future orbital data centers for SpaceX.

Musk noted that 14A is still under development by Intel but, “by the time Terafab scales up, 14A will likely be quite mature or ready for prime time.”

On Intel’s call, Tan expressed that “Elon and I share a firm belief that the global semiconductor supply is not keeping up with the swift rise in demand,” adding that together they are “exploring unconventional methods to enhance manufacturing efficiency.”

Intel’s renewed emphasis on producing chips for others began when Pat Gelsinger became CEO in 2021. Gelsinger was ousted in 2024 and replaced by Tan in early 2022.

Intel cut 15% of its workforce in July and shelved chip fabrication projects in Germany and Poland. In Ohio, the launch of Intel’s massive new chip facility has been postponed to 2030, shifting from initial plans for production to start this year. Tan noted in a memo during the layoffs that, “In recent years, the company invested excessively, too quickly – without sufficient demand.”

The latest projections may appear strong due to another aspect of the chip-making process where Intel excels: advanced packaging. This involves connecting individual chip dies to a comprehensive system. Intel stands as one of just three global companies that offer the most sophisticated form of packaging, creating a fresh bottleneck in the race to produce enough chips for AI.

CFO David Zinsner informed CNBC that he is confident advanced packaging will yield billions of dollars per customer, after previously estimating significantly lower figures in the hundreds of millions. Intel’s advanced packaging clients include Amazon, Cisco, and the recent commitment from SpaceX and Tesla.

—CNBC’s Kristina Partsinevelos contributed to this report.

WATCH: Nvidia secures capacity for a critical component of AI chip production

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April 23, 2026 0 comments
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Guests at this private space station won't be dressed in shorts and T-shirts
Tech/AI

Guests at this private space station won’t be dressed in shorts and T-shirts

by admin April 23, 2026
written by admin

Purpose-built

Vast created the Astronaut Flight Suit with its customers at the center of the design, from the cut to the functional elements.

Configurable as a single-piece or a two-piece outfit by zipping (or unzipping) the jacket from the trousers, the flight suit is customized for each crew member while delivering greater comfort and range of motion through rear vents and shoulder gussets. The garment also includes pockets and hook-and-loop fasteners (Velcro) so tools can be stowed and accessed with ease.



Focusing on practicality, Vast aimed to produce a highly functional flight suit suitable for both Earth-based training and everyday use aboard Haven-1 in orbit.

Credit:
Vast

Focusing on practicality, Vast aimed to produce a highly functional flight suit suitable for both Earth-based training and everyday use aboard Haven-1 in orbit.


Credit:

Vast

“When you’re in microgravity, you need your hands free and your tools nearby at all times,” said former NASA astronaut Megan McArthur, who is advising Vast. “You’re constantly threading through tight spaces and positioning your body in ways we don’t encounter on Earth.”

Though the suit is a clean white with a unified appearance, it still allows personal touches. Each crew’s suits will bear a mission patch, and there’s a spot for each member’s flight badge — the “wings” they’ll earn from Vast “by launching, living on orbit and performing mission operations in space,” the company said.

Alongside the flight suit, every Vast crew member will also wear the Pilot’s Venturer Vertical Drive, a watch crafted by Swiss luxury maker IWC Schaffhausen and tested in partnership with Vast. IWC designed the timepiece to handle the demands of human spaceflight, substituting the crown for a more glove-friendly rotating bezel. Vast confirmed the watch can tolerate vibrations and pressure shifts and is compatible with the Haven-1 on-board environment.


a black face and white strap on a wristwatch is seen floating above Earth in this rendering

IWC Schaffhausen worked with Vast to validate its Pilot’s Venturer Vertical Drive, a wristwatch engineered for use in space.

Credit:
IWC Schaffhausen

IWC Schaffhausen worked with Vast to validate its Pilot’s Venturer Vertical Drive, a wristwatch engineered for use in space.


Credit:

IWC Schaffhausen

(IWC Schaffhausen is selling the Pilot’s Venturer Vertical Drive to the public for $28,200.)

“It’s a watch astronauts can actually use,” said Feustel. “This is the flight suit for the commercial, crewed spaceflight era, and it’s really just the beginning.”

April 23, 2026 0 comments
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US accuses China of "industrial-scale" AI theft. China calls it "slander."
Tech/AI

US accuses China of “industrial-scale” AI theft. China calls it “slander.”

by admin April 23, 2026
written by admin

In particular, the committee urged the State Department to determine whether distillation attacks violate statutes such as the Economic Espionage Act and the Computer Fraud and Abuse Act. It also recommended that “adversarial distillation” be precisely defined and formally classified as a controlled technology transfer, which would simplify efforts to block illicit Chinese access to models.

The committee’s report said that if those measures were implemented, the US could pursue prosecutions and levy substantial fines likely to deter Chinese companies from viewing “serious violations as a tolerable cost of doing business.”

China slams accusations as “pure slander”

Kratsios’s memo warning of a clampdown arrives ahead of Donald Trump’s much-anticipated meeting with China’s president Xi Jinping next month.

Trump has described the meeting as “special” and said “much will be accomplished.” Still, an analyst told the South China Morning Post that the war in Iran has left Trump “with almost all his bargaining chips gone” just as the US and China try to steady a trade relationship that has been strained since he took office.

China appears unlikely to accept Kratsios’s allegations. Liu Pengyu, a spokesperson for the Chinese embassy in Washington, DC, told FT that the White House’s claims were “pure slander.”

“China has always been committed to advancing science and technology through cooperation and healthy competition,” Pengyu said. “China places great importance on the protection of intellectual property rights.”

Whether Trump will side with AI companies seeking to cut China off from their models and punish distillation attacks remains to be seen. Trump has previously been accused of making major concessions to China on export controls that experts say threatened US national security and the economy, the same kind of risks US firms say distillation attacks pose.

Some of those concessions might need to be reversed to counter the alleged “industrial espionage.”

Chris McGuire, a technology security expert at the Council on Foreign Relations, told FT that “Chinese AI firms are relying on distillation attacks to compensate for shortfalls in AI computing power and to illicitly reproduce the core capabilities of US models.” To prevent that, the US may have to tighten export controls loosened by Trump — for example, the policy permitting Nvidia chip sales to China so long as the US gets a 25 percent cut. Experts called that odd deal “no sense,” warning it could have opened the door for China to demand access to America’s most advanced AI chips.

April 23, 2026 0 comments
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Where to Dine in Houston at This Moment
Lifestyle

Where to Dine in Houston at This Moment

by admin April 23, 2026
written by admin

At Laredo Taqueria, steam rises from a hot skillet as the fragrance of jalapeño, cumin, and fresh lime blends with the nutty aroma of tortillas cooking in the vicinity. Residents of Houston queue outside before dawn for the restaurant’s famous breakfast tacos. Behind the glass counter, a line of women operates with calm efficiency, filling warm tortillas with refried beans, spicy chorizo, and fresh toppings before sending them back to the cooks for final touches on the griddle. When mine is served, the tortilla is tender and blistered, the chorizo smoky and vibrant with chile, and the beans creamy enough to absorb every bite.

This city thrives on movement and migration, and nowhere is this more apparent than on its plates. Vietnamese, Mexican, West African, and Central American communities have shared their culinary heritages and modified them to incorporate Texas ingredients. Following Hurricane Katrina’s devastation in Louisiana, storm refugees introduced Big Easy flavors that inspired Viet-Cajun cuisine. Pakistani chef Kaiser Lashkari’s beloved establishment Himalaya offers aromatic curries and masala marinated fried chicken that attract diners from all over the state, while barbecue spots like Khói reinterpret the Texas smokehouse tradition through diverse cultural perspectives.

With over 13,000 eateries, food trucks, and pop-ups spread throughout its vast neighborhoods, Houston stands out not only as a prime American food destination but as one of the most globally diverse. In a single day here, one might enjoy smoky brisket, Vietnamese dumplings, West African suya, and tacos that are worth the pre-dawn line.


Instagram content

Look for freshly prepared tortillas or overflowing pastry displays

In Houston, the day starts with a kolache, a pastry introduced by Czech immigrants in the 1800s, and today it’s as crucial to breakfast as coffee. At The Original Kolache Shoppe, a family-owned bakery that has been operating since 1956, the trays are filled early with fruit kolaches and savory klobásníky. I go straight for a soft, mildly sweet bun encasing smoky sausage and molten cheddar, with the pickled tang of jalapeño balancing the richness. For a more leisurely start, settle into a table at Cucharita, where vibrant Lele dolls dangle from the ceiling and lucky sheep are lined up by the register. The longaniza breakfast taco arrives steaming in my hands, the tortilla still warm, wrapped around spicy sausage and eggs with a salsa rich in tomatoes that gradually reveals its heat.

For a day of remote work, I check in at Casaema, where the pastry display tempts with horchata berlinesas, guava-and-queso empanadas, large sugar-dusted conchas, and pomegranate-hibiscus corn cake donuts. I choose the jalapeño, ham, and potato quiche—its crust breaking into buttery flakes—accompanied by a small salad sprinkled with Cotija and pepitas. On my way out, I slip a peanut butter–chocolate mole cookie into my bag for my afternoon paddle on Buffalo Bayou, its cocoa and spice providing a much-needed boost after a day on the water.

April 23, 2026 0 comments
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Oil exporters rush to find paths outside Hormuz — yet choices are limited
Economy

Oil exporters rush to find paths outside Hormuz — yet choices are limited

by admin April 23, 2026
written by admin

Maps4Media analyzed and enhanced Sentinel-2 satellite imagery offers a broad perspective of the Strait of Hormuz situated between southern Iran and Oman’s Musandam Peninsula, encompassing nearby islands, coastal features, and turquoise shallow-water areas leading into the Persian Gulf.
Maps4media | Getty Images News | Getty Images

Producers of oil and gas in the Middle East continue to hurriedly seek and widen alternative export pathways, nearly two months subsequent to the vital Strait of Hormuz being virtually closed to commercial navigation.

There remains scarce clarity on the timeline or manner in which the U.S.-Iran tensions could resolve, with both parties utilizing the Strait of Hormuz — a crucial channel through which approximately 20% of global oil was transported prior to the conflict — as a leverage point in intermittent peace discussions.

The ongoing double blockade of the channel has drastically elevated global energy prices and exposed the fragility of the global energy market, especially when essential maritime routes and “chokepoints” — like the Strait of Hormuz, Panama Canal, or Suez Canal — face blockages, whether deliberately or inadvertently.

Fatih Birol, Executive Director of the IEA, expressed to CNBC on Thursday that he felt like a “record on repeat” urging nations to diversify their energy transport routes long before the current crisis erupted.

“The $110 trillion global economy can be held hostage by just a handful of armed individuals over a mere 50-kilometer stretch of water — this is utterly irrational. We need to create alternative pathways, alternative solutions,” he relayed to CNBC’s Steve Sedgwick.

Concerns regarding the Strait of Hormuz “were thoroughly recognized” for years, according to Maisoon Kafafy, senior adviser to the Atlantic Council’s Middle East programs, yet the conflict has illuminated the depth of those vulnerabilities — and the pressing need for transformation.

“Hormuz has been recognized as the world’s most documented energy chokepoint for decades, and its risks were analyzed, modeled, and factored into the infrastructure investments throughout the region,” she stated.

“Before the closure in February 2026, while costs were substantial, they did not reach a level that warranted the extensive investment alternative infrastructure would require. The existing deterrent framework and economic ties surrounding the strait made a complete closure seem excessively costly for any party to consider seriously. The closure has shown that those perceptions were vulnerable,” Kafafy remarked.

The Iran conflict is altering that cost-benefit calculus, as Gulf oil exporters — now acutely cautious of the dangers posed by the Islamic Republic and apprehensive about future dependence on forces beyond their control — are decisively expanding their gaze beyond the Strait of Hormuz for their exports.

“The conflict has also expedited investments in alternate routes. Consequently, other nations are rerouting. This implies that Iran, along with its primary strategic influence, is diminishing,” Lucila Bonilla, lead emerging markets economist at Oxford Economics, informed CNBC on Tuesday.

Re-routing in progress

Tehran’s efforts to obstruct the crucial maritime route seemed to yield benefits during the initial stages of the conflict. By managing access in and out of the strait, Iran effectively became the sole exporter of hydrocarbons for several weeks as oil prices surged towards $120 a barrel.

The naval blockade imposed by the U.S. on Iranian ports, which commenced in mid-April, has “neutralized” that strategic edge, Bonilla indicated. Yet Gulf exporters remain in the same plight, hindered from sending oil and LNG through the strait.

While Saudi Arabia and the United Arab Emirates (UAE) possess some oil export routes that do not traverse the strait, other nations, including Iran, Iraq, Kuwait, Qatar, and Bahrain, depend on the passage to transport a large percentage of their oil exports, according to the International Energy Agency.

Most of these exports are directed towards Asia, with China, India, and Japan serving as the primary importers, the IEA notes. The majority of LNG exports from the UAE and Qatar also utilize this passage.

The enormous volume of oil that is exported via the Strait of Hormuz, alongside the limited alternatives to circumvent it, indicates that any interruption to these flows would have significant repercussions for global oil markets.
The International Energy Agency

Iran has further alienated its Gulf neighbors and fellow OPEC members by striking their energy infrastructure with missiles and drones.

Gulf countries expressed to CNBC that Iran’s actions have fostered a significant trust deficit that may never be fully addressed, signaling their intention to seek lasting methods to redirect their supplies and avoid the Strait of Hormuz.

Oil and natural gas production and transmission infrastructure within the Middle East
Anadolu | Anadolu | Getty Images

Capacity squeeze

Both Saudi Arabia and the UAE have oil pipelines designed to bypass the strait — the East-West pipeline and the UAE’s Habshan–Fujairah (or ADCOP) pipeline — but neither pipeline can accommodate as much oil as is transported through the Strait of Hormuz.

The East-West pipeline, which connects processing facilities near the Persian Gulf to an export terminal on the Red Sea, alongside the UAE pipeline that leads to Fujairah, has a combined projected capacity of 3.5 – 5.5 million barrels per day (mb/d), according to the IEA, although Saudi Arabia claimed it was transporting 7 mb/d in March.

However, these amounts pale in comparison to the roughly 20 million barrels of oil and petroleum products that flowed through the Strait of Hormuz daily before the onset of the war.

Establishing alternative export routes necessitates not just substantial investment in infrastructure, but also time. Frequently, international agreements are essential if pipelines traverse multiple regions, and security becomes a concern — particularly when Iran has shown no hesitance to attack neighboring energy facilities.

“Enhancing existing infrastructure … can occur within a fairly compressed timeframe if there is sufficient political will,” Kafafy conveyed to CNBC.

“The more challenging task is to develop a truly interconnected, multi-corridor system that provides genuine resilience,” including “route diversity” — ensuring that ample exit terminals are available in various sea basins to prevent a single blockage from impairing most of the export capacity simultaneously — and “exit-point security,” Kafafy elaborated.

This translates to “the capability to safeguard terminal infrastructure against the same adversarial pressures that shut down the primary chokepoint,” she added.

Flames and smoke rise from an oil facility in Fujairah, United Arab Emirates, on Saturday, March 14, 2026.
Altaf Qadri | AP

The conflict has demonstrated that the current alternative routes are vulnerable; Saudi’s East-West pipeline was struck by Iran in April, reducing throughput by 700,000 barrels per day. The Fujairah port (the terminus of the UAE pipeline) also faced assaults from Iranian drones, disrupting oil loading activities at its crude export terminal.

The IEA also highlights that an LNG pipeline runs in parallel to Saudi’s East-West pipeline, the Abqaiq-Yanbu NGL pipeline, which has a capacity of 300 kb/d, but is presently “fully utilized” with no available capacity.

Alternative alternatives

There are a few “alternative alternatives” to the principal pipelines, although their capacity remains limited.

Regardless, several Middle Eastern nations are investigating proposed new routes or reviving previously shelved projects, as they seek to diversify their supply routes away from the Strait of Hormuz.

An individual points at a page on the Marinetraffic website that displays commercial vessel traffic on the periphery of the Strait of Hormuz close to the Iranian shoreline, in Paris on March 4, 2026.
Julien De Rosa | Afp | Getty Images

For instance, Iraq possesses a nearly 600-mile pipeline to Turkey, which has an estimated capacity of around 1.6 mb/d. The pipeline, which had been inactive, is set to reopen soon due to the disruptions in Hormuz, reportedly starting with a capacity of 250,000 barrels per day.

Iraq is also contemplating long-considered pipelines to Oman, Jordan, and Egypt, despite these initiatives being previously set aside owing to financial, conflict, and security concerns.

Short-term expansion buys time and showcases political commitment, while long-term network development is the sole configuration providing resilience that is structural rather than situational.
Maisoon Kafafy
Senior advisor, Atlantic Council’s Middle East programs

Iran might consider utilizing the Jask oil terminal to bypass the Strait of Hormuz. The pipeline can convey crude from the Goreh-Jask pipeline to the Gulf of Oman and reports a capacity of 1 mb/d, but the IEA indicates that both the pipeline and terminal “effectively remain non-operational.”

“A test load was exported from Jask in late 2024, but no additional oil has been shipped from Jask since. The terminal is currently not viewed as a feasible export option for Iranian crude,” the IEA indicated in February.

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April 23, 2026 0 comments
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Will fusion energy become affordable? Don’t hold your breath.
Tech/AI

Will fusion energy become affordable? Don’t hold your breath.

by admin April 23, 2026
written by admin

Fusion energy has the potential to deliver a reliable, zero-emissions electricity source in the future—if companies can successfully construct and operate the facilities. However, a recent study indicates that even if this future materializes, it may not be affordable.

Typically, technologies become less costly over time. Lithium-ion batteries are currently approximately 90% cheaper compared to their prices in 2013. Nevertheless, historically, various technologies tend to follow this trend at different speeds. The expenses associated with fusion may not decrease as rapidly as those for batteries or solar energy.

Making forecasts about the expenses of a technology that is not yet developed is challenging. However, when billions of dollars in public and private investments are at stake, it is important to reflect on the assumptions we hold concerning our future energy portfolio and its expenses.

A vital metric is known as experience rate—the percentage by which the cost of an energy technology decreases every time capacity doubles. A higher rate indicates a quicker drop in pricing and improved economic benefits with scaling.

Traditionally, the experience rates are 12% for onshore wind energy, 20% for lithium-ion batteries, and 23% for solar panels. Other energy technologies have not decreased in price quite as swiftly—fission holds at merely 2%.

In the new study, published in Nature Energy, the researchers sought to refine predictions about fusion’s future costs by estimating the technology’s experience rate. The team analyzed three crucial factors correlated with experience rate: unit size, design intricacy, and customization requirements. The greater the size and complexity of a technology and/or the more it needs to be tailored for various applications, the lower the experience rate.

The study involved interviews with fusion specialists, including public-sector researchers and individuals from private companies. They asked the experts to assess fusion power plants based on those characteristics and utilized that data to forecast the experience rate. (A note here: The study addressed only magnetic confinement and laser inertial confinement, two of the foremost fusion strategies, which collectively are the primary recipients of current funding. Other methods might offer different cost advantages.)

Fusion facilities are likely to be relatively large, akin to other types of plants (such as those for coal and fission power) that depend on generating heat. They may require less customization compared to fission plants—primarily because regulations and safety considerations should be more straightforward—but more than technologies such as solar panels. Regarding complexity, “there was almost unanimous consensus that fusion is exceedingly complex,” remarks Lingxi Tang, a PhD candidate in the energy and technology policy group at ETH Zurich in Switzerland and one of the study’s authors. (Some experts suggested it was literally beyond the scale the researchers provided.)

The final estimate the researchers propose for fusion’s experience rate falls between 2% and 8%, indicating it will experience a quicker price decline than nuclear power but not as dramatic an enhancement as many standard energy technologies currently being utilized.

This suggests that significant deployment—and probably a considerable amount of time—will be needed for the costs of constructing a fusion reactor to decrease substantially, leading to potentially high electricity prices from fusion plants for a while. Additionally, this rate is much slower than the 8% to 20% that numerous modeling studies currently assume.

“Overall, I believe we should question the current levels of investment in fusion,” Tang states. (The US has committed over $1 billion to fusion for the 2024 fiscal year, while private funding reached $2.2 billion between July 2024 and July 2025.) “When considering the decarbonization of the energy system, is this truly the most effective utilization of public funds?”

Nonetheless, some experts argue that examining past trends to make sense of future energy prices might be misleading. “It’s a constructive exercise, but we must remain humble about the extent of our ignorance,” asserts Egemen Kolemen, a professor at the Princeton Plasma Physics Laboratory.

In 2000, many analysts anticipated that solar energy would stay expensive—but then production surged and costs plummeted, largely due to China’s extensive investment, he notes. “People weren’t exactly incorrect then,” he adds. “They were merely projecting what they witnessed into the future.”

How rapidly prices diminish depends on regulations, geopolitical factors, and labor expenses, he states: “We haven’t built the technology yet, so we can’t be certain.”

This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here.

April 23, 2026 0 comments
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Honor's latest smartphones resemble iPhones for Android.
Tech/AI

Honor’s latest smartphones resemble iPhones for Android.

by admin April 23, 2026
written by admin

Looking for an iPhone 17 Pro* at a lower price?

Looking for an iPhone 17 Pro* at a lower price?

Apr 23, 2026, 8:00 AM UTC
honor-600-pro-orange
honor-600-pro-orange
Dominic Preston
Dominic Preston serves as a news editor with more than ten years of experience in journalism. Previously, he worked at Android Police and Tech Advisor.

Honor has unveiled the 600 and 600 Pro, termed as “affordable flagships,” and they appear… familiar. Particularly in that orange hue.

The Pro makes the iPhone resemblance particularly evident due to its triple rear camera — it even mirrors the same flash arrangement — while the 600 is slightly more discreet as it forgoes the Pro’s 3.5x telephoto lens. Honor previously employed the same strategy with last year’s iPhone Air-inspired Honor 500, but that device was launched solely in Asia.

Both devices boast IP69K water-resistance ratings (a more rigorous rating that includes tests with water jets directed at the phone), mid-sized 6.57-inch OLED displays, and substantial 6,400mAh batteries (with even larger 7,000mAh options available in Asia). They support 80W wired charging, but only the Pro has wireless charging capabilities. Additionally, it features a more powerful Snapdragon 8 Elite chip, the previous year’s Qualcomm flagship, while the budget model has the midrange 7 Gen 4.

The two models launch in Europe today, starting at €649.90 (approximately $760) for the Honor 600, and €999.90 ($1,170) for the 600 Pro. This positions the Pro at a similar price point to a base iPhone 17 in the region, and several hundred Euros less than the 17 Pro models that have evidently inspired it.

Orange Honor 600 Pro on a white background
Orange iPhone 17 Pro on a white background
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  • Dominic Preston

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