News
Russia to quit International Space Station
Russia’s space agency Roscosmos has announced it will end its participation in the International Space Station program by 2024
Roscosmos chief Yuri Borisov said that Russia would fulfil its obligations to its partners on the ISS before leaving the project.
Russia had previously said it would end its contributions to the joint multinational space endeavour until sanctions were lifted by western nations.
After 2024 Russia wants to focus on its own Russian space orbital platform.
The ISS is one of the few examples where, until now, science largely trumped geopolitics and the international condemnation of Russia and its invasion of Ukraine.
The space station is jointly run by the space agencies of Russia, the U.S., Europe, Japan and Canada.
The station has been orbiting earth since 1998 when the first piece was put in place.
Since then it’s had a human presence on board for nearly 22 years with US astronauts and Russian cosmonauts working side by side.
Earlier this month, Russia and the USA signed an agreement to allow Russian cosmonauts to travel to the station on US spacecraft and vice versa.
Dr Leroy Chiao, a former ISS commander and retired astronaut says Russia might be bluffing.
“I think this is posturing by the Russians. They don’t have the money to build their own station and it would take several years to do it. They’ve got nothing else if they go this route”
Dr Leroy Chiao, former ISS commander and retired US astronaut – to the BBC
He said in an interview with the BBC that he thinks Russia will ultimately decide not to leave the project.
The ISS is used to conduct scientific research in zero gravity and test out equipment for future space journeys.
It was designed with the deliberate intention of making US and Russian space operations on the orbital platform largely dependent on each other.
The news that Russia wants to end its collaboration with an international space program is not entirely without precedent.
The European Space Agency and Roscosmos ended their cooperation on the ExoMars Mission some weeks ago.
The ExoMars mission would have scouted for sings of life on Mars using a European rover.
News
Big Tech earnings spark investor unease over AI spending
Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.
Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.
Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.
Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.
Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.
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News
Federal Reserve holds interest rates amid economic uncertainty
Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy
Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.
The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.
Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.
Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.
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#FederalReserve #InterestRates #Economy
News
Trump warns Iran as U.S. naval forces approach amid rising tensions
Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.
Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.
U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.
Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.
The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.
#Trump #Iran #USForeignPolicy
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