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Discovery Loop, a California-based AI startup founded this year by former Google engineers including Jeff Dean, is seeking to raise funds at a $50 billion valuation. The company was in discussions last month for $1 billion in financing at a $10 billion valuation, though terms of any new deal could change and there is no guarantee it will secure funding at the higher valuation.Syria's civil aviation authority announced plans to reclassify Mezzeh military airport in Damascus for private and executive aviation, with rubble removal and infrastructure upgrades already underway. The redevelopment has sparked alarm among rights groups and residents over suspected mass graves and disputed land claims, as newly obtained documents show the site was used for executions under the Assad regime.Saudi Arabia has shut down its East-West oil pipeline following an aerial attack on the vital conduit. The closure marks an escalation in Houthi operations against shipping and infrastructure in the Red Sea region amid the widening Middle East conflict.A passenger train derailed on the Rouen-Caen route in Normandy with 180 people on board, leaving at least 44 injured. One person was in critical condition and evacuated by helicopter, while 130 firefighters and five medical teams responded to the scene.The chipmaker is considering a major anchor investment as Anthropic prepares for what could be history's largest public offering, potentially valued near $2 trillion. The move would strengthen Nvidia's relationship with a key customer heavily dependent on its GPU technology.An Iraqi military commander has been dismissed following drone attacks on Saudi Arabia's East-West Pipeline that originated from Iraqi territory. The Saudi Energy Ministry reported the pipeline was temporarily shut down with several people injured. After al-Zaidi's intervention, Saudi Arabia refrained from launching a counterattack, while Iraq weighs pursuing legal action.Eduardo Bolsonaro, the former Brazilian president's son, plans to lobby Washington next week for sanctions against Supreme Court Justice Alexandre de Moraes. He announced the effort Friday, saying he would pursue the measures under the Global Magnitsky Act.Drones launched from Iraq struck Saudi Arabia's East-West pipeline on Friday. After Iraq's prime minister made the request, Saudi Arabia postponed its response, though the foreign ministry stated it maintains authority to defend its critical infrastructure. Iraq's Prime Minister Ali al-Zaidi ordered an investigation into those responsible.North Korea fired an unidentified projectile toward the sea east of the Korean Peninsula on Saturday, South Korea's Joint Chiefs of Staff said. The launch came after South Korea, Japan and the United States concluded joint military drills on Friday.Russian President Vladimir Putin attended a BRICS summit in India on September 11, where he criticized Western countries for maintaining sanctions and expressed willingness to strengthen ties with the bloc. Egyptian President Abdelfatah al Sisi used the meeting to ask Putin for assurance on grain supplies from Russia and Ukraine, which have sharply reduced exports due to escalating attacks on ports.Discovery Loop, a California-based AI startup founded this year by former Google engineers including Jeff Dean, is seeking to raise funds at a $50 billion valuation. The company was in discussions last month for $1 billion in financing at a $10 billion valuation, though terms of any new deal could change and there is no guarantee it will secure funding at the higher valuation.Syria's civil aviation authority announced plans to reclassify Mezzeh military airport in Damascus for private and executive aviation, with rubble removal and infrastructure upgrades already underway. The redevelopment has sparked alarm among rights groups and residents over suspected mass graves and disputed land claims, as newly obtained documents show the site was used for executions under the Assad regime.Saudi Arabia has shut down its East-West oil pipeline following an aerial attack on the vital conduit. The closure marks an escalation in Houthi operations against shipping and infrastructure in the Red Sea region amid the widening Middle East conflict.A passenger train derailed on the Rouen-Caen route in Normandy with 180 people on board, leaving at least 44 injured. One person was in critical condition and evacuated by helicopter, while 130 firefighters and five medical teams responded to the scene.The chipmaker is considering a major anchor investment as Anthropic prepares for what could be history's largest public offering, potentially valued near $2 trillion. The move would strengthen Nvidia's relationship with a key customer heavily dependent on its GPU technology.An Iraqi military commander has been dismissed following drone attacks on Saudi Arabia's East-West Pipeline that originated from Iraqi territory. The Saudi Energy Ministry reported the pipeline was temporarily shut down with several people injured. After al-Zaidi's intervention, Saudi Arabia refrained from launching a counterattack, while Iraq weighs pursuing legal action.Eduardo Bolsonaro, the former Brazilian president's son, plans to lobby Washington next week for sanctions against Supreme Court Justice Alexandre de Moraes. He announced the effort Friday, saying he would pursue the measures under the Global Magnitsky Act.Drones launched from Iraq struck Saudi Arabia's East-West pipeline on Friday. After Iraq's prime minister made the request, Saudi Arabia postponed its response, though the foreign ministry stated it maintains authority to defend its critical infrastructure. Iraq's Prime Minister Ali al-Zaidi ordered an investigation into those responsible.North Korea fired an unidentified projectile toward the sea east of the Korean Peninsula on Saturday, South Korea's Joint Chiefs of Staff said. The launch came after South Korea, Japan and the United States concluded joint military drills on Friday.Russian President Vladimir Putin attended a BRICS summit in India on September 11, where he criticized Western countries for maintaining sanctions and expressed willingness to strengthen ties with the bloc. Egyptian President Abdelfatah al Sisi used the meeting to ask Putin for assurance on grain supplies from Russia and Ukraine, which have sharply reduced exports due to escalating attacks on ports.
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Oil Pipeline

2 stories from Sep 11, 2026 to Sep 12, 2026 · Economy desk

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