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The bodies of two deceased hostages were recovered from southern Gaza in a military operation, the Israel Defense Forces (IDF) and Shin Bet security agency announced Wednesday evening.

Yair Yaakov was killed during by Islamic Jihad militants during the Hamas-led terror attack on October 7, 2023. Yaakov, who was 59 years old at the time, was killed in Kibbutz Nir Oz and his body taken into Gaza.

His partner, Meirav Tal, and two of his children were taken hostage and subsequently released during a previous hostage agreement.

The body of an additional hostage has also been recovered, according to the IDF and Shin Bet, but the second name has not yet been made public at the request of the family.

“Together with all the citizens of Israel, my wife and I extend our heartfelt condolences to the families who lost their dearest,” said Prime Minister Benjamin Netanyahu in a statement.

“Alongside the pain and mourning, we feel a measure of relief knowing that the two will be laid to rest with dignity — and that the unbearable suffering their loved ones have endured for 614 days may now be eased, if only slightly,” said the Hostages and Missing Families Forum in a statement.

“We repeat our demand to the decision-makers to reach a full and comprehensive agreement that will bring home all 53 remaining hostages — even if that requires ending the fighting.”

The recovery of these two bodies comes less than a week after the Israeli military recovered the bodies of Judy Weinstein-Haggai, 70, and Gadi Haggai, 72, who were also killed during the attack on Nir Oz. Last week, the Israeli military also recovered the body of Thai hostage Nattapong Pinta.

According to the Hostages and Missing Families Forum, 53 hostages remain in Gaza, one of whom has been held since 2014. Of these, at least 20 are believed to be alive and 31 dead, according to the Israeli government. There are grave concerns about the conditions of two hostages, the government has said.

This is a developing story and will be updated.

This post appeared first on cnn.com

Multiple aid workers were killed after a bus was attacked in Gaza on Wednesday night, according to a US-backed humanitarian aid organization which accused Hamas of carrying out the assault.

Hamas has yet to respond to the allegations.

The Gaza Humanitarian Foundation (GHF), a controversial US and Israeli-backed aid initiative, said that a bus carrying more than two dozen of its team members was attacked by Hamas at around 10 p.m. local time.

“We are still gathering facts, but what we know is devastating: there are at least five fatalities, multiple injuries, and fear that some of our team members may have been taken hostage,” GHF said in a statement.

The group was en route to a distribution center in the area west of Khan Younis, GHF said, adding further details would be provided once they became known.

“We condemn this heinous and deliberate attack in the strongest possible terms,” the GHF said in a statement.

The GHF also accused Hamas of repeatedly threatening the organization in recent days.

On Sunday, Hamas media said its forces have “full authority and mandate to strike decisively against any entity or individual collaborating with the enemy’s plans or with any rogue, criminal, or traitorous elements that violate the law and the traditions of our people.”

“All agents, thieves, and armed criminal gangs are considered legitimate targets for the resistance and its security apparatus,” the militant group said.

The GHF was established amid Israeli accusations that Hamas is stealing aid in Gaza and profiting off its sale but the organization has been controversial from the get-go and criticized by multiple international aid agencies.

The humanitarian situation in Gaza remains desperate.

Restrictions imposed by the Israeli military on aid routes, ongoing airstrikes, a lack of security and the continuous displacement of tens of thousands of people are aggravating an already alarming situation, according to the United Nations and other aid agencies. The supplies that do get in risk getting looted and only a fraction of what is needed is getting in.

Multiple Palestinians have been killed by gunfire near aid distribution sites since GHF began operations.

This is a developing story and will be updated.

This post appeared first on cnn.com

At least 49 people are confirmed dead after flooding hit South Africa, including children whose school bus was swept away during the extreme weather, officials said.

An intense cold front has ripped across parts of South Africa, bringing rain and snow and triggering floods.

In the Eastern Cape, one of the hardest-hit provinces, floodwaters have forced many people out of their homes, causing power outages and road closures, according to the provincial authority.

Earlier on Wednesday, the state broadcaster SABC reported that a school bus was swept into a river in Decoligny village on Tuesday morning while en route to school.

The provincial government said that 13 people, including pupils, their driver, and his assistant, were on the bus.

“Sadly four of those learners have been confirmed to be deceased together with the driver and the conductor of the mini-bus”, Eastern Cape premier Lubabalo Oscar Mabuyane said in a briefing Wednesday afternoon.

Four others remain missing, he said, adding that rescue teams were still searching for more bodies.

President Cyril Ramaphosa’s office said in an earlier statement that three children were rescued from the vehicle during a condolence message to bereaved families.

South Africa has grappled with flooding in recent years with some of them deadly.

In 2022, floods fueled by heavy downpours left up to 400 people dead in Durban and the KwaZulu-Natal province.

This post appeared first on cnn.com

US President Donald Trump’s administration has launched a formal review of former President Joe Biden’s AUKUS defense pact with Australia and Britain to allow Australia to acquire nuclear-powered submarines, a US defense official said.

Australia, which sees the submarines as critical to its own defense as tensions grow over China’s expansive military buildup, said it remained committed to the project and looked forward to working closely with the US on the review.

As well as causing alarm in Australia, the review could also throw a wrench in Britain’s defense planning. AUKUS, worth hundreds of billions of dollars, is at the center of a planned expansion of Britain’s submarine fleet.

“We are reviewing AUKUS as part of ensuring that this initiative of the previous administration is aligned with the President’s America First agenda,” the US official said of the review, first reported by Financial Times.

“Any changes to the administration’s approach for AUKUS will be communicated through official channels, when appropriate.”

AUKUS was formed in 2021 to address worries about China’s growing power.

It envisages Australia acquiring up to five US Virginia-class submarines from 2032. Then, Britain and Australia would design and build a new class of submarine, with US assistance. The UK would take first delivery in the late 2030s, with delivery to Australia in the early 2040s.

Before that, the US and Britain would start forward rotations of their submarines in 2027 out of an Australian naval base in Western Australia.

Vocal skeptics among Trump’s senior policy officials include Elbridge Colby, the Pentagon’s top policy adviser, who cautioned last year that submarines were a scarce, critical commodity, and US industry could not produce enough to meet American demand.

Submarines would be central to US military strategy in any confrontation with China centered in the First Island Chain, running from Japan through Taiwan, the Philippines and on to Borneo, enclosing China’s coastal seas.

“My concern is why are we giving away this crown jewel asset when we most need it,” Colby said last year.

Only six countries operate nuclear-powered submarines: the US, the UK, Russia, China, France and India.

A spokesperson for Australia Defense Minister Richard Marles said the US had informed Australia and the UK of the review.

“AUKUS will grow both US and Australian defense industry as well as generating thousands of new manufacturing jobs,” the spokesperson said.

A British government spokesperson called AUKUS “one of the most strategically important partnerships in decades” that also produces “jobs and economic growth in communities across all three nations.”

“It is understandable that a new administration would want to review its approach to such a major partnership, just as the UK did last year,” the official said, adding that Britain will “continue to work closely with the US and Australia … to maximize the benefits and opportunities” of AUKUS.

The White House did not immediately respond to a request for comment, but one official told Reuters the Trump administration “is regularly reviewing foreign agreements to ensure they align with the American people’s interests – especially those initiated under the failed Biden foreign policy agenda.”

US Senator Tim Kaine, a Democrat on the Senate Armed Services Committee, said AUKUS was “critical to ensuring a free and open Indo-Pacific” and the administration should work to strengthen it and the US submarine industrial base.

“Anything less would play directly into China’s hand,” said Kaine, who represents Virginia, where US submarines are built.

Australia’s biggest defense investment

AUKUS is Australia’s biggest-ever defense project, with Canberra committing to spend A$368 billion ($240 billion) over three decades to the program, which includes billions of dollars of investment in the U.S. production base.

On Tuesday, Britain announced plans to invest billions of pounds to upgrade its submarine industry, including at BAE Systems in Barrow and Rolls-Royce Submarines in Derby, to boost submarine production as announced in Britain’s Strategic Defence Review. Under this, it will build up to 12 next-generation attack submarines of the model intended to be jointly developed by the UK, US and Australia under AUKUS.

In the US Congress on Tuesday, Defense Secretary Pete Hegseth said “we’re having honest conversations with our allies” and added in reference to Australia: “We want to make sure those capabilities are part of how they use them with their submarines, but also how they integrate with us as allies.”

Former Australian Prime Minister Malcolm Turnbull, who signed a previous agreement to acquire French submarines shelved in favor of AUKUS, told CNBC last week it was “more likely than not that Australia will not end up with any submarines at all, but instead, simply provide a large base in Western Australia for the American Navy and maintenance facilities there.”

AUKUS expert John Lee at Washington’s conservative Hudson Institute think tank said the Pentagon review was aimed at determining whether it could afford to sell up to five submarines when it was not meeting its own production targets.

Kathryn Paik, a Biden White House official now at Washington’s Center for Strategic and International Studies, said providing submarines to Australia would not sacrifice US readiness but instead boost collective deterrence.

“This review most definitely makes our allies in Canberra and London concerned, and could cause them to doubt US reliability as an ally and partner,” she said.

This post appeared first on cnn.com

Nintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four days following its launch, with online stores of major U.S. retailers putting up “out of stock” signs.

The record-breaking start for the company’s first new console in eight years, puts Nintendo on the path to realizing its aim of selling 15 million units of the Switch 2 console in the fiscal year ending March 2026.

However, analysts continue to believe that those expectations are modest, and forecast the strong initial demand to sustain.

“The market expected a record from Nintendo, and as it turns out, Nintendo delivered,” Serkan Toto, CEO and founder of gaming industry consultancy Kantan Games, told CNBC.

“All signals prior to launch pointed to significant demand, and I believe we will see further records broken over the next weeks or months,” he added.

Toto has maintains that the Switch 2 will sell over 20 million units in its first 12 months. David Gibson, senior research analyst at MST Financial told CNBC that he expects 20 million sales for the year ending March 2026.

The Switch 2, which was released on June 5, has been met with much fanfare, with people lining up for hours ahead of midnight releases at Nintendo stores.

“Fans around the world are showing their enthusiasm for Nintendo Switch 2 as an upgraded way to play at home and on the go,” Nintendo of America President and Chief Operating Officer Doug Bowser said in a statement, adding the company was thankful for the response.

Tokyo-listed shares of Nintendo, which have gained nearly 30% so far this year, were down 3.5% on Wednesday, LSEG data showed. The company has seen its shares rise nearly fivefold since the original Switch debuted in early March 2017.

It remains to be seen if the Switch 2 can recapture the magic of its predecessor, which had set the bar with 15 million unit sales in its first year. It went on to sell more than 152 million units to become the second-highest selling Nintendo device ever, behind the Nintendo DS.

The record initial sales of the Switch are in line with the strong demand analysts had predicted. However, the rush has put into question Nintendo’s ability to meet demand.

Retailers including Walmart, GameStop, Target and Best Buy were out of stock of the consoles, their online stores showed Wednesday.

In April, Nintendo’s Bowser told CNBC that the company had been working with “retail partners to ensure there’s ample supply for not only the launch weekend, but well beyond.”

However, Nintendo President Shuntaro Furukawa stated the same month that 2.2 million people in Japan had entered the lottery to purchase the Switch 2 on launch day, exceeding expectations and what the company had initially planned to deliver to stores.

Kantan Games’ Toto said shortages in Japan were expected to persist, but would be less impactful elsewhere.

“Except for Japan where demand for Switch 2 is extraordinarily high, it looks like fans who really want the console and invest time in trying to secure one actually can get one,” he said. “It might take a while, but as far as can be monitored, supply seems to be more robust than around the launch of the original Switch in 2017.”

President Donald Trump’s “reciprocal tariffs” on most countries around the world also present headwinds for the Switch 2.

In April, the company announced that it would delay preorders of the Switch 2 in the U.S. while it considers the impact of tariffs.

The Switch 2 retails for $449 in the U.S., which makes it Nintendo’s priciest console to date.

Nintendo’s Bowser said in April the company was going to “monitor where tariffs are going” before making any further decisions on price hikes.

MST Financial’s Gibson said that a resolution to Trump’s tariffs and lower duty rates could see the Switch 2 prices drop in the U.S.

The Switch 2 builds on the success of the original Switch, featuring a larger screen and improved performance. The system also introduces the new GameChat2 feature, which allows players to voice or video chat with friends online and share game screens.

This post appeared first on NBC NEWS

Nintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four days following its launch, with online stores of major U.S. retailers putting up “out of stock” signs.

The record-breaking start for the company’s first new console in eight years, puts Nintendo on the path to realizing its aim of selling 15 million units of the Switch 2 console in the fiscal year ending March 2026.

However, analysts continue to believe that those expectations are modest, and forecast the strong initial demand to sustain.

“The market expected a record from Nintendo, and as it turns out, Nintendo delivered,” Serkan Toto, CEO and founder of gaming industry consultancy Kantan Games, told CNBC.

“All signals prior to launch pointed to significant demand, and I believe we will see further records broken over the next weeks or months,” he added.

Toto has maintains that the Switch 2 will sell over 20 million units in its first 12 months. David Gibson, senior research analyst at MST Financial told CNBC that he expects 20 million sales for the year ending March 2026.

The Switch 2, which was released on June 5, has been met with much fanfare, with people lining up for hours ahead of midnight releases at Nintendo stores.

“Fans around the world are showing their enthusiasm for Nintendo Switch 2 as an upgraded way to play at home and on the go,” Nintendo of America President and Chief Operating Officer Doug Bowser said in a statement, adding the company was thankful for the response.

Tokyo-listed shares of Nintendo, which have gained nearly 30% so far this year, were down 3.5% on Wednesday, LSEG data showed. The company has seen its shares rise nearly fivefold since the original Switch debuted in early March 2017.

It remains to be seen if the Switch 2 can recapture the magic of its predecessor, which had set the bar with 15 million unit sales in its first year. It went on to sell more than 152 million units to become the second-highest selling Nintendo device ever, behind the Nintendo DS.

The record initial sales of the Switch are in line with the strong demand analysts had predicted. However, the rush has put into question Nintendo’s ability to meet demand.

Retailers including Walmart, GameStop, Target and Best Buy were out of stock of the consoles, their online stores showed Wednesday.

In April, Nintendo’s Bowser told CNBC that the company had been working with “retail partners to ensure there’s ample supply for not only the launch weekend, but well beyond.”

However, Nintendo President Shuntaro Furukawa stated the same month that 2.2 million people in Japan had entered the lottery to purchase the Switch 2 on launch day, exceeding expectations and what the company had initially planned to deliver to stores.

Kantan Games’ Toto said shortages in Japan were expected to persist, but would be less impactful elsewhere.

“Except for Japan where demand for Switch 2 is extraordinarily high, it looks like fans who really want the console and invest time in trying to secure one actually can get one,” he said. “It might take a while, but as far as can be monitored, supply seems to be more robust than around the launch of the original Switch in 2017.”

President Donald Trump’s “reciprocal tariffs” on most countries around the world also present headwinds for the Switch 2.

In April, the company announced that it would delay preorders of the Switch 2 in the U.S. while it considers the impact of tariffs.

The Switch 2 retails for $449 in the U.S., which makes it Nintendo’s priciest console to date.

Nintendo’s Bowser said in April the company was going to “monitor where tariffs are going” before making any further decisions on price hikes.

MST Financial’s Gibson said that a resolution to Trump’s tariffs and lower duty rates could see the Switch 2 prices drop in the U.S.

The Switch 2 builds on the success of the original Switch, featuring a larger screen and improved performance. The system also introduces the new GameChat2 feature, which allows players to voice or video chat with friends online and share game screens.

This post appeared first on NBC NEWS

E-Power Resources Inc (CSE: EPR) (FSE: 8RO) (‘E-Power’ or the ‘Company’) announces its intention to complete a flow-through non-brokered private placement to raise gross proceeds of up to $150,000 (the ‘FT Offering’). The Company will also complete a Hard Dollar Private Placement to raise gross proceeds of up to $50,000 (the ‘Hard Dollar Offering’).

Securities to be issued pursuant to the FT Offering shall consist of an amount of up to 3,000,000 units of the Company (the ‘FT Units‘) issued at a price of $0.05 per FT Unit, each FT Unit being comprised of one common share in the capital of the Company (each a ‘FT Share‘) that will qualify as ‘flow-through shares’ (within the meaning of subsection 66(15) of the Income Tax Act (Canada)), and one-half Warrant, each Warrant entitling its holder thereof to acquire one Share at a price of $0.10 per Share for a period of 5 years from the closing date of the FT Offering.

The Hard Dollar Offering units ‘Hard Dollar Units’ shall consist of 1,000,000 units of the Company issued at a price of $0.05 per Hard Dollar Unit. Each Hard Dollar Unit shall consist of one common share in the capital of the Company and one full Warrant, each Warrant entitling its holder thereof to acquire one Share at a price of $0.10 per Share for a period of 5 years from the closing date of the Hard Dollar Offering.

In connection with both the FT Offering and Hard Dollar Offering, the Company may pay cash finder’s fees and issue broker warrants. The securities issued in connection with the FT Offering and Hard Dollar Offering are subject to the applicable statutory four-month and one-day hold period.

Net proceeds from the FT Offering will be used by the Company to incur eligible ‘Canadian exploration expenses’ that will qualify as ‘flow-through mining expenditures,’ as defined in subsection 127(9) of the Income Tax Act (Canada) and under section 359.1 of the Taxation Act (Quebec) (the ‘Qualifying Expenditures‘), related to the Company’s Tetepisca Graphite Property, located in the Tetepisca Graphite District of the North Shore Region of Quebec, on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers to the FT Offering effective December 31, 2025. ‎ In addition, with respect to Quebec resident subscribers of FT Shares and who are eligible individuals under the Taxation Act (Quebec), the Canadian exploration expenses will also qualify for inclusion in the ‘exploration base relating to certain Quebec exploration expenses’ within the meaning of section 726.4.10 of the Taxation Act (Quebec) and for inclusion in the ‘exploration base relating to certain Quebec surface mining expenses or oil and gas exploration expenses’ within the meaning of section 726.4.17.2 of the Taxation Act (Quebec).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘), the FT Shares and FT Units will be offered by way of private placement pursuant to applicable exemptions from NI 45-106. The FT Offering and Hard Dollar Offering are expected to close on or about June 20, 2025 (the ‘Closing Date‘), subject to the satisfaction or waiver of the customary closing conditions, including the approval of the Canadian Securities Exchange (‘CSE‘).

The securities to be offered pursuant to the FT Offering and Hard Dollar Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About E-Power Resources Inc.

E-Power Resources Inc. is an exploration stage company engaged principally in the acquisition, exploration, and development of graphite properties in Quebec. Its flagship asset, the Tetepisca Graphite Property, is located in the Tetepisca Graphite District of the North Shore Region of Quebec, approximately 215 kilometers from the Port of Baie-Comeau. For further information, please refer to the Company’s disclosure record on SEDAR (www.sedarplus.ca) or contact the Company by email at info@e-powerresources.com.

On Behalf of the Board of Directors

James Cross
President & CEO
+1 (438) 701-3736
info@e-powerresources.com

Disclaimer for Forward-Looking Information

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance are ‘forward-looking statements.’ These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the contents of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255269

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Energy sector innovators took center stage on Wednesday (June 11), with Eclipse Automation securing major deals in nuclear infrastructure, and Oklo (NYSE:OKLO) snagging a key US clean energy contract.

Eclipse Automation, part of Accenture (NYSE:ACN), has secured multiple contracts to design, manufacture and supply advanced automated tooling and equipment for upcoming CANDU nuclear reactor refurbishment projects.

The projects are at the Cernavoda plant in Romania and the Qinshan facility in China, and the agreements include automated inspection units, radioactive-handling systems, reactor-assembly tools and a remote-control center.

Based in Cambridge, Ontario, and backed by Accenture’s global footprint, Eclipse Automation is working to bolster nuclear safety and efficiency with cutting-edge technology.

“In the last decade, Eclipse has delivered automated solutions and equipment to support nuclear refurbishment work at the Embalse reactor in Argentina, and at the Darlington and Bruce nuclear generating stations in Canada,” said Steve Mai, CEO of Eclipse Automation, in the company’s press release.

Putting the ‘Can’ in CANDU

Canada’s CANDU (Canada deuterium uranium) reactors trace their origins back to the 1950s, with the first commercial unit, NPD, launching in 1962 using heavy water moderation and natural uranium fuel. Featuring pressure tubes and online refueling, CANDUs allow continuous operation, unlike light-water reactors that require shutdowns.

Today, 19 CANDU reactors operate in Canada, primarily in Ontario and New Brunswick, and over a dozen more are deployed abroad in South Korea, Romania, China, Argentina and India.

The design is prized for high reliability, clean power and the ability to burn natural uranium and alternative fuels.

Canada and other countries are now investing in life extensions and advancing next-generation designs like the Enhanced CANDU-6, the Advanced CANDU reactor and small modular reactors, supported by federal funding to sustain a domestic supply chain and global competitiveness.

Defense department eyes microreactors

Elsewhere, advanced nuclear company Oklo received a notice of intent to award from the US Department of Defense to deploy its Aurora microreactor at Eielson Air Force Base in Alaska.

The project, which will be led by the Defense Logistics Agency Energy, will serve as the Air Force’s pilot for enhancing energy resilience at remote sites. Under a long-term power purchase agreement, Oklo will design, build, own and operate the reactor, supplying both electricity and heat. The Aurora system uses fast reactor technology to deliver continuous, off-grid power — ideal for mission-critical infrastructure.

‘This Notice of Intent to Award reflects continued confidence in Oklo’s ability to deliver clean and secure energy solutions for mission-critical infrastructure,’ said Jacob DeWitte, co-founder and CEO of Oklo. ‘We are honored to support national defense resilience objectives while demonstrating the value of US-pioneered fast reactor technology.’

These contracts reflect a global resurgence in nuclear energy as countries look for ways to power their expanding grids with clean energy.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Peter Krauth, editor of Silver Stock Investor and Silver Advisor, outlines the factors driving silver’s recent price run, which has pushed the white metal to levels not seen in over a decade.

In his view, the current macroeconomic environment is combining with short supply and strong demand dynamics to create a ‘perfect storm.’

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com