9 h. ago Cloud bookings reach US$455 billion, driven by AI demand and major tech deals

Oracle surged to a record high in extended trading after the company posted a major increase in bookings and gave an aggressive outlook for its cloud infrastructure business. Known for its database software, Oracle has recently found success in the competitive cloud computing market. Earlier this summer, it signed an unprecedented commitment with OpenAI for 4.5 gigawatts of data centre capacity – enough energy to power millions of American homes. It also counts companies such as ByteDance’s...

Economics

9 h. ago Oracle shares surge 26% on cloud growth and OpenAI energy deal

Oracle surged to a record high in extended trading after the company posted a major increase in bookings and gave an aggressive outlook for its cloud infrastructure business. Known for its database software, Oracle has recently found success in the competitive cloud computing market. Earlier this summer, it signed an unprecedented commitment with OpenAI for 4.5 gigawatts of data centre capacity – enough energy to power millions of American homes. It also counts companies such as ByteDance’s...

Politics

20 h. ago 110 MW: China rolls out giant gas turbine to power 3.6 million homes yearly

110 MW: China rolls out giant gas turbine to power 3.6 million homes yearly  Interesting Engineering

Society

25 h. ago Hong Kong’s Repulse Bay hit by power outage, 200 homes without electricity

Hong Kong’s affluent Repulse Bay neighbourhood has been hit by a power outage, leaving 200 households without electricity after a high-voltage cable was damaged. A spokesman from HK Electric, which serves Hong Kong Island and Lamma Island, said an 11-kilovolt high-voltage cable was likely to have been damaged by a third-party construction project at around 2.35pm on Tuesday. “This incident affected several substations on Repulse Bay Road, cutting off power to over 200 customers in the area,” he...

Events

25 h. ago Hong Kong’s Repulse Bay hit by power outage, 230 homes without electricity

Hong Kong’s affluent Repulse Bay neighbourhood has been hit by a power outage, leaving 230 households without electricity for five hours after a high-voltage cable was damaged. A spokesman from HK Electric, which serves Hong Kong Island and Lamma Island, said an 11-kilovolt high-voltage cable was suspected to be damaged by a third-party construction project at around 2.35pm on Tuesday. “This incident affected several substations on Repulse Bay Road, cutting off power to over 230 customers in the...

Events

26 h. ago China on course to peak fossil fuel power as soon as this year, reports say

China on course to peak fossil fuel power as soon as this year, reports say  Climate Home News

Politics

47 h. ago 2 arrested in Hong Kong over alleged theft of electricity for bitcoin mining

Two technicians have been arrested on suspicion of stealing electricity from two Hong Kong care homes for the disabled to power their cryptocurrency mining operation, leaving the victims with bills up to HK$9,000 (US$1,153) higher than usual. The men, aged 32 and 33, allegedly set up eight such mining devices in the suspended ceilings of two offices, using their electricity and internet connections 24 hours a day. The case was uncovered after the care homes experienced slow internet connections...

Events

5 d. ago Europe power guru Wang Xiongfei brings grid stability expertise home to China

One of the European Union’s top power systems experts, Wang Xiongfei, has come full circle after returning to China to take a leading academic role at Tsinghua University. As the newly appointed Xinghua chair professor and doctoral supervisor, Wang brings years of knowledge and experience in European power electronics and grid stability. He has led more than 40 research projects funded by the EU, Denmark, Sweden and various corporations. He has collaborated with grid companies in Germany, the...

Politics

2 w. ago China delivery man saves trapped woman after seeing pillow with ‘110’ written on it

A driver in China who spotted a white pillow scrawled with the emergency number 110 in blood during a food delivery has helped rescue a woman who was trapped in her bedroom for 30 hours without food or water. The incident unfolded on August 12, in Leshan, Sichuan province, southwestern China. The delivery driver surnamed Zhang, a university student working a summer job, spotted a white pillow stained with dark red liquid and marked with the numbers 110 625, lying on the roadside near a...

Politics

4 w. ago Meta leads AI glasses surge, as Xiaomi emerges as dark horse

The global smart glasses market saw shipments more than double in the first half of the year, driven mostly by strong demand for Meta Platforms’ glasses, along with new offerings from rising competitors like China’s Xiaomi, according to an industry report. The 110 per cent year-on-year surge in shipments was fuelled by robust interest in the artificial intelligence glasses segment, which accounted for 78 per cent of total smart frame shipments, according to the report on Tuesday by market...

Politics

4 w. ago Taiwan’s William Lai sees sharpest drop in approval rate in 15 months

Taiwanese leader William Lai Ching-te is grappling with his steepest decline in public support since taking office nearly 15 months ago, indicating challenges for his ruling party in next year’s local elections and the 2028 Taiwan leadership race. Three major surveys – the latest released on Tuesday – showed continued sharp drops in approval for Lai, signalling trouble even in Tainan, his southern hometown and power base. The numbers reflect widespread dissatisfaction over Lai’s handling of the...

Politics