Houthis seize Yemen port, advance toward Red Sea strait

50 min agoAt $19.3 billion, Oracle's first-quarter revenue exceeded the Street's $19.14 billion average forecast, lifted by robust enterprise appetite for cloud services. The company raised its full-year profit outlook and deployed 850 megawatts of data center capacity during the June-August period.

1 h agoThe Pentagon's Office of Strategic Capital is negotiating a $5 billion loan to Fluidstack, an AI cloud-computing startup, to strengthen U.S. data center supply chains and manufacturing capacity for related components. Last month, President Donald Trump signed an executive order that declared a national emergency and prohibited certain foreign equipment from U.S. electricity grids serving data centers.

2 h agoIran-aligned Houthis took control of the port city of Mocha on Thursday and pushed down the Red Sea coast toward the Bab el-Mandeb Strait, one of the world's most important shipping routes. Yemeni government military sources said the group had reached the Hanish Islands and gained further leverage over the waterway, which Saudi Arabia has relied on since the Iran conflict closed the Strait of Hormuz.

3 h agoPrime Minister Mark Carney announced the commitment following talks with President Volodymyr Zelenskyy in Calgary on Thursday. As Russia intensifies ballistic missile strikes, Kyiv faces acute shortages of US-made Patriot interceptors. Ottawa will channel the aid through a Pentagon programme enabling allied nations to rapidly transfer military equipment to Ukraine.

3 h agoA Russian drone strike on the southeastern Ukrainian city of Pavloggrad killed at least four people and wounded more than 60 on Thursday, hitting near shopping centers during daylight hours when streets were crowded, according to Ukraine's interior minister Ivan Vygivski. President Volodymyr Zelenskiy said there would be no trilateral peace talks before Russian elections.

4 h agoPresident Donald Trump proposed sending a $5,000 dividend to every American adult if Republicans win the midterms, a plan he outlined at the GOP's midterm convention in Texas. Some members of his party expressed concern about the proposal. When asked why the checks would come after the midterms if funds were available now, Trump cited strong government revenue and said Democratic policies would prevent such spending.

4 h agoPresident Donald Trump promised $5,000 to every American adult if his party keeps majorities in both chambers of Congress following November's midterm elections. He made the announcement at the Republican National Committee's midterm convention in Dallas on Wednesday. Offering money contingent on voting is illegal under federal statute.

6 h agoThe UAE announced the 40 billion euro investment during a state visit by its leader to Germany. Emirates was permitted to serve Berlin, an additional German city.

7 h agoU.S. and regional officials said Iran has resumed assembling ballistic missiles in underground facilities using stored components, including both liquid-fueled and solid-fueled variants. The missiles are being produced in more limited quantities than before the war, according to the officials.

7 h agoThe United Arab Emirates announced 40 billion euros in planned investment in Germany across sectors including industry, advanced technology, artificial intelligence and digital infrastructure. The investment includes development of new data centers, and Emirates airline will be permitted to serve an additional German city.