News

According to Iran's Tasnim News Agency, flights at King Fahd Airport in Dammam, Saudi Arabia, have been disrupted and grounded due to missile attacks in Yemen.

While data centers frequently make headlines due to controversies over electricity bills, water usage, and zoning, Meta is quietly expanding its infrastructure in a less prominent area—the seabed. On September 21, Meta announced Project Petal, a 4,300-mile-long submarine cable connecting the United States and France. Expected to be operational in 2029, this cable will be the first transoceanic cable to provide petabit-level capacity. It will transmit 1 petabit per second, or approximately 125,000 gigabytes per second, twice the capacity of the most advanced transoceanic cables currently available. According to Meta, this is enough to allow three-quarters of the world's population to simultaneously stream music online. Such projects rarely make headlines, but they are what enable AI products to run. Submarine cables are not new territory for Meta, which has been dedicated to submarine infrastructure development for the past decade, investing in more than 20 submarine cable projects. These projects span six continents, excluding Antarctica. The most ambitious project is Waterworth, announced in February 2025. The system will stretch over 31,000 miles, longer than the Earth's circumference. It will connect the United States, Brazil, South Africa, India, and other parts of five continents. Some sections will be laid approximately 4.3 miles below the water's surface to protect them from anchors and other hazards. These projects are incredibly expensive. Meta has not yet disclosed the costs of Petal or Waterworth, but TechCrunch reported before the Waterworth project announcement that it could cost over $10 billion. Even so, the cables represent only a small fraction of Meta's overall infrastructure spending. The company expects capital expenditures of $130 billion to $145 billion this year, nearly double the $72.2 billion it plans to spend in 2025. With a budget in the hundreds of billions of dollars and a record scale of construction, Meta is betting that its infrastructure spending will pay off. How that will turn out remains to be seen.

The U.S. State Department strongly urges Ethiopia and Eritrea to respect the sovereignty and territorial integrity of their neighbors. Both sides should exercise maximum restraint and return to dialogue and cooperation.

U.S. State Department: The escalating cross-border tensions between Ethiopia and Eritrea could impact the entire region.

NASA and SpaceX (SPCX.O) have confirmed that the Crew-12 crew will evacuate the space station as early as October 7.

German Army Ground Forces Commander: Europe must counter the Russian threat with forces capable of successful combat operations. Moscow is working to expand its military capabilities, and we are witnessing this in a tangible way.

Latvian Prime Minister Kurberges: We firmly believe that any economic ties with Russia would weaken us, and Russia would take advantage of that.

The Indian government: The Ministry of External Affairs summoned the Chargé d'Affaires of the Pakistani High Commission. India denies all allegations regarding the incident that occurred on October 2nd along the international border in Ferozpur district, Punjab.

Ukrainian President Zelensky: Russia’s mixed attacks on Europe are aimed at sowing division and weakening European support for Ukraine.

Ukrainian President Zelensky: Ukraine relies heavily on air power to shoot down Russian jet drones, which requires 20mm munitions.

Ukrainian President Zelensky: Ukraine will respond to the Russian airstrikes and target oil refineries.

Ukrainian President Zelensky: Russia’s attacks on Ukrainian cities come at a time when Moscow is unable to achieve its objectives on the battlefield.

Ukrainian President Zelensky: Ukraine will not attack Russian civilian targets.

According to Interfax news agency: Russia attacked a cargo ship in the port of Odessa, Ukraine.

US President Trump: If the Republicans win the House and Senate in the 2026 midterm elections, I will give $5,000 to every adult citizen in the United States. Looking forward to signing those checks!

U.S. President Trump: Greg Cunningham has my full and complete support for him to become the next U.S. Representative for the 2nd Congressional District of New Mexico.

US President Trump: Nick Begitch has my complete and unwavering support for his re-election campaign as the US Representative from Alaska. He will not let you down!

US Treasury Secretary Bessenter: Iranian oil shipments at sea will drop to zero this week.

Naim Aslam, chief investment officer at Zaye Capital Markets in London, said the details of the European agreement to release diesel reserves were “very rough” from an operational perspective. The announcement appears intended to ease pressure, but the actual structural changes—who will release these reserves and where the ban will be lifted—remain unclear. This decision is merely an attempt to “mitigate the bleeding” and will have a negative impact on the market. Imagine a market run, and suddenly the central bank intervenes, saying you can only withdraw a certain amount from banks. This does slow the bleeding process, but it also creates more volatility in certain aspects of investor confidence in these institutions. Now, this logic applies perfectly to the news that Europe will release diesel reserves. It’s a significant announcement aimed at mitigating the bleeding, but the actual structural problems related to the Strait of Hormuz remain, leaving consumer confidence in the market shaky.

Ukrainian port authorities said that Russia struck a foreign-flagged vessel in the port of Odessa, Ukraine, killing one crew member and injuring three others.