Olam News

Share Share Share Pin Google investment has taken a major step forward with the tech giant announcing a $15 billion plan to establish a large-scale AI and data hub in India. The ambitious five-year program will be centered in Visakhapatnam, a growing coastal city increasingly known for its digital infrastructure and skilled tech workforce. According to Google executives, this move will significantly expand the company’s capacity in artificial intelligence, cloud computing, and data management...

Share Share Share Pin Israel ceasefire agreement has been approved by the Israeli government, marking a crucial step toward halting months of intense conflict in Gaza. The deal includes a large-scale prisoner exchange and a phased military withdrawal. According to government officials, the agreement outlines the release of around 2,000 Palestinian detainees, including 250 serving life sentences, in exchange for 48 Israeli hostages both living and deceased within 72 hours of the truce taking e...

Share Share Share Pin French-German cyclist Lennart Monterlos has been released by Iranian authorities after being detained for nearly four months on charges of espionage. The cyclist’s arrest on June 16 had sparked diplomatic tension between Tehran, Paris, and Berlin, with both European governments calling for his immediate release. According to official statements from Iran’s judiciary, Monterlos was accused of having ties with intelligence agencies from France, Germany, and Israel. However...

Share Share Share Pin The Madagascar military has officially taken control of the government after days of nationwide unrest forced President Andry Rajoelina to flee the capital. The dramatic takeover follows weeks of protests demanding his resignation over alleged corruption, economic hardship, and democratic backsliding. Witnesses reported thousands flooding Antananarivo’s Independence Avenue, waving national flags and chanting for change. The situation escalated when security forces initia...

Share Share Share Pin The Global Inflation landscape is showing increasingly uneven patterns, according to the International Monetary Fund (IMF). While some nations are grappling with renewed price pressures, major exporters such as China are seeing inflation slow sharply due to weakening external demand. This divergence reflects the complex post-pandemic recovery in a world still adjusting to shifting trade flows, geopolitical tensions, and changing consumer behavior. Economists warn that th...

Share Share Share Pin The economic consequences of Trump’s tariffs, implemented years ago, continue to reverberate across the United States in 2025, fundamentally reshaping industries and impacting household finances. Contrary to their initial billing as a tool to be paid by foreign nations, extensive data and ongoing analysis confirm that the financial burden has been overwhelmingly shouldered by American businesses and consumers, creating a complex and enduring economic legacy.The Enduring ...

Share Share Share Pin The long-simmering rare earth dispute between the United States and China is poised to dominate discussions as U.S. President Donald Trump and Chinese President Xi Jinping prepare for a high-stakes diplomatic meeting in South Korea at the end of October. The encounter comes amid escalating tensions over export controls, with global markets on edge over the potential disruption to critical supply chains. The meeting, announced simultaneously by Washington and Beijing, rep...

Share Share Share Pin California has officially adopted the first Frontier AI law in the United States, marking a pivotal step in regulating advanced artificial intelligence systems. The legislation mandates greater transparency and oversight for developers and companies working on large-scale AI models, especially those capable of high-level autonomous reasoning and decision-making. The bill, signed by Governor Gavin Newsom, reflects California’s ambition to remain a leader in technology whi...

Share Share Share Pin The Rare Earth export restrictions imposed by China have prompted a strong reaction from the United States, which is now calling for a coordinated global response. Washington views Beijing’s move as a strategic maneuver that could endanger the stability of global supply chains critical to advanced manufacturing and clean energy technologies. Beijing’s restrictions, announced earlier this month, target the export of several rare earth minerals essential for producing semi...

Share Share Share Pin The Gaza Recovery initiative is gaining new momentum as the United Kingdom prepares to host an international summit dedicated to rebuilding the war-torn territory. The conference, set to take place in London next month, will bring together world leaders, humanitarian organizations, and financial institutions to discuss a coordinated response to Gaza’s post-conflict reconstruction. The event marks a significant step in global diplomacy, aiming to align international effor...