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US Lifts Restrictions on Three Indian Nuclear Entities
In a major development, the United States has removed restrictions on three key Indian nuclear entities: Bhabha Atomic Research Centre (BARC), Indira Gandhi Atomic Research Centre (IGCAR), and Indian Rare Earths (IRE), according to the US Bureau of Industry and Security (BIS).This decision follows an announcement by US National Security Advisor Jake Sullivan, who recently stated that the US would ease barriers to facilitate civil nuclear partnerships between Indian and American firms.The move, seen as a step towards implementing the India-US civil nuclear agreement signed 16 years ago, aligns ..
Global Nuclear Energy Surges with 70 GW Under Construction: IEA
Nuclear energy is gaining global traction, with over 70 GW of capacity under construction—the highest in 30 years—according to the IEA’s latest report, The Path to a New Era for Nuclear Energy. Technological advancements, policies, and investments, including small modular reactors (SMRs), are fueling this growth.The report further stated that more than 40 countries are expanding nuclear's role, but challenges like project delays, financing, and supply chain risks persist.China leads the sector, with 25 reactors under construction since 2017, positioning itself to surpass the US and Europ..
Maersk and Hapag-Lloyd Remain Cautious About Red Sea Operations
Global shipping leaders Maersk and Hapag-Lloyd have stated they do not plan an immediate return to the Red Sea, despite the ceasefire between Hamas and Israel. Both companies emphasized they are monitoring developments to assess safety before resuming operations.Hapag-Lloyd noted that while a ceasefire is in place, risks from Yemen-based Houthi militants remain, with previous warnings suggesting that re-establishing routes through the region could take four to six weeks. Maersk echoed similar sentiments, stating it is ""too early to speculate about timing."Middle East disruptions have forced v..
