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"We are making the largest private sector investment in state history, while collaborating with Talen Energy to help power our infrastructure with carbon-free energy".
Learn more about @amazon's energy investment below.
https://www.tahawultech.com/industry/energy/amazon-enters-nuclear-energy-partnership-to-power-data-centres/
#Amazon #TalenEnergy #tahawultech
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The National
38 minutes ago
- The National
Trump wants interest rates down to 1% and would ‘love' Fed chairman Powell to resign
US President Donald Trump has said he wants interest rates to be cut to one per cent and that he would 'love' Federal Reserve chair Jerome Powell to resign. Mr Trump added that he would pick a successor who wants to cut interest rates. 'I'd love him to resign if he wanted to. He's done a lousy job,' Mr Trump said of Mr Powell, speaking at an Oval Office event on Friday. 'If I think somebody's going to keep the rates where they are, or whatever, I'm not going to put them in. 'I'm going to put somebody that wants to cut rates. There are a lot of them out there,' he added. Mr Trump's comments are the latest in a series of attacks on Mr Powell in recent months, increasing his pressure on the Federal Reserve chairman to lower interest rates. Mr Powell so far has resisted and maintains that policy decisions will be data-dependent. The President has argued repeatedly that the central bank's policies are keeping government borrowing costs too high. Mr Powell's term ends in May 2026 and Mr Trump is expected to nominate a successor in the coming months, according to Reuters. The Fed last week kept interest rates unchanged between 4.25 and 4.50 per cent. It has not adjusted rates in its last four meetings, largely due to the uncertainty surrounding Mr Trump's tariffs. Mr Powell last week said tariffs could either have a one-off or persistent effect on inflation. Asked by reporters why not cut interest rates this month, Mr Powell said he expected to see 'meaningful' inflation in the coming months. The Central Bank of the UAE, which follows Fed decisions because of the dollar peg, also held rates steady following the US central bank's most recent decision. The Fed has held rates steady after lowering them by 100 basis points to about 4.33 per cent last year. Its next two-day meeting is on July 29-30.


Gulf Business
2 hours ago
- Gulf Business
Missed Messages? WhatsApp's new feature helps you catch up instantly
Image credit: Getty Images WhatsApp has announced a new feature designed to help users quickly catch up on unread conversations. The tool, called Message Summaries, leverages Meta AI to provide concise overviews of unread messages—without compromising user privacy. Whether returning from a Wi-Fi-free flight or juggling multiple chats during a busy day, users can now rely on Message Summaries to get up to speed quickly. The summaries are generated privately using Meta's Private Processing technology, which ensures that neither WhatsApp nor Meta can access message content or the summaries themselves. Read- 'No one else in the chat will know you've used the feature,' the company said in a statement. 'Your privacy is protected at all times.' Message Summaries are entirely optional and turned off by default. Users have full control over the feature, including the ability to enable it only for selected chats via the Advanced Chat Privacy settings. The feature is currently rolling out in English to users in the United States, with plans to expand to more languages and regions later this year. For those interested in how Private Processing works, Meta has published an This announcement follows Unlike traditional calls, starting a voice chat does not notify or ring other members. Instead, users can join and leave the ongoing conversation at their convenience. The voice chat remains pinned to the bottom of the group chat for easy access to call controls and participant visibility. Previously limited to large groups, the feature is now available to all group sizes. Users can start a voice chat by swiping up from the bottom of the chat window and holding for a few seconds. As with all WhatsApp communications, voice chats are protected by end-to-end encryption, ensuring privacy and security.


Gulf Business
2 hours ago
- Gulf Business
New $205m agreement to boost UAE-GCC power grid interconnection
Image courtesy: WAM/ For illustrative purposes Abu Dhabi Fund for Development (ADFD) has signed a Dhs752m ($205m) financing agreement with the Gulf Cooperation Council Interconnection Authority (GCCIA) to support the expansion of the GCC power grid interconnection with the UAE's national electricity network, state news agency WAM reported. The agreement, signed at The infrastructure project forms part of broader efforts to enhance regional energy resilience and enable wider economic and developmental integration, aligning with the UAE Energy Strategy 2050. The strategy aims to create an energy system that is both sustainable and economically efficient. Initiative will increase electricity transmission capacity between UAE and GCC Designed as a strategic grid upgrade, the initiative will significantly increase electricity transmission capacity between the UAE and the GCC network. Technical and economic feasibility studies have supported its design, in line with the GCCIA's vision for a durable, regionally connected power infrastructure. The project includes the construction of a 400kV double-circuit overhead transmission line spanning 96 kilometres, connecting the Al Silaa substation in the UAE with the Salwa substation in Saudi Arabia. It also entails the expansion of three substations — Gonan, Al Silaa, and Salwa — and the installation of advanced 400kV switchgears, circuit breakers, and reactors, along with modern protection and control systems to enhance grid efficiency and reliability. 'This project reflects ADFD's commitment to financing high-impact infrastructure that supports the UAE's development priorities,' said Mohammed Saif Al Suwaidi, director-general of ADFD. 'Power grid interconnection is a strategic enabler of energy security and a foundation for accelerating the transition to He added that the project would 'increase the efficiency of the power grid, improve emergency preparedness, strengthen connectivity with regional partners, and promote the integration of renewable energy,' supporting the GCC's sustainability and emissions reduction goals. Engineer Ahmed Ali Al Ebrahim, CEO of the GCCIA. called the initiative the first phase of a broader collaboration with ADFD during the current grid expansion and noted parallel efforts to interconnect with Kuwait, Oman, and southern Iraq, representing a total investment exceeding $1bn. 'By leveraging increased transmission capacity, we aim to activate a unified Gulf electricity market to facilitate cross-border power trade,' Al Ebrahim said. 'This could create economic opportunities projected to exceed $20bn over the next 15 years.'