drives

Since Myanmar’s civil war escalated following a coup in 2021 more than 150,000 Rohingya have been purged from their homes and forced to seek asylum across Asia.

Most flee to neighbouring Bangladesh, where a million other members of this persecuted minority barely survive in some of the largest resettlement camps on Earth, following a brutal military crackdown in 2017.

Caught in the crossfire between the ruling military government and rebel fighters in Myanmar, some Rohingya refugees claim members of their families have been forcibly conscripted, subjected to targeted attacks and even massacred.

These atrocities are occurring in their homeland, Rakhine State, a secretive, inaccessible corner of the country largely controlled by a local armed group called the Arakan Army.

Rohingya witnesses allege that the violence and oppression they face now from the Arakan Army, Myanmar’s most powerful rebel group, is just as brutal as ethnic cleansing by the military in 2017 that first drew global attention to their plight.

Both the military and Arakan Army deny the allegations and blame each other

Working with human rights investigators from Myanmar Witness and Rohingya citizen journalists, Al Jazeera examines what has happened to this Muslim minority during the Arakan Army’s takeover of Rakhine.

This documentary also exposes how the rebel group is connected to the human trafficking of Rohingya refugees out of Myanmar, including young children and women who are subjected to sexual violence and brutality.

The Arakan Army declined to address the allegations raised in this film.  However, its leaders have previously denied accusations of targeted attacks on civilians, including two mass killings of Rohingya villagers in Rakhine. In a written statement to Al Jazeera, Myanmar’s military alleges that the Arakan Army is inciting hatred against Rohingya Muslims and has “reportedly committed acts of genocide” against them since taking control of much of the state.

With growing violence and a transnational crisis on their doorstep, Bangladesh wants to send all the refugees back to the war-torn country through a repatriation scheme.

But increased activity by Rohingya armed groups aligned with the military government is making that harder. Rohingya rebels active in the conflict reject those allegations.  When questioned about their conduct by Al Jazeera, one armed group called Arakan Rohingya Salvation Army (ARSA) denied burning civilian homes, participating in activities that cause harm to Rohingya villagers and encouraging refugees to fight against the Arakan Army.

Using leaked documents, covertly filmed footage and exclusive interviews, Al Jazeera investigates the driving forces behind this largely forgotten humanitarian emergency.

This story is part of Myanmar Exposed, a series of reports by Al Jazeera Investigates which uncover the hidden truths of an ongoing crisis caused by the 2021 coup and civil conflict.

Extreme heat and strong winds are fuelling a wave of wildfires across North Africa, with major fires burning in Tunisia, Algeria and Morocco. Tunisia has called in international firefighting aircraft as crews battle fires threatening forests, farmland and nearby communities.

Published on
25/06/2026 – 10:43 GMT+2

Micron, one of only a handful of companies able to make advanced memory chips at scale, said on Wednesday that revenue in the third quarter reached $41.4 billion (€36.5bn), more than four times the $9.3 billion (€8.2bn) it recorded in the same period last year.

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The figure also comfortably beat the roughly $35.7 billion (€31.4bn) analysts had forecast, while profit climbed even more dramatically.

The Idaho-based group posted net income of $28.24 billion (€24.9bn), or $24.67 per share, against less than $2 billion (€1.7bn) a year ago. Adjusted earnings of $25.11 a share sailed past the $20.49 expected.

The market reaction to the impressive results was immediate.

Micron shares rose more than 15% in after-hours trading to around $1,213, leaving the company valued at roughly $1.16 trillion (€1tn).

The stock has now climbed about 700% over the past year, one of the most dramatic re-ratings of any large company through the AI boom, reflecting a fundamental shift in the economics of the AI build-out.

The vast data centres being constructed by hyperscalers such as Amazon, Microsoft, Google and Meta, which have collectively earmarked hundreds of billions of dollars in capital spending this year, depend on enormous quantities of high-bandwidth memory, a specialised chip that sits alongside the processors made by Nvidia and others.

Micron has said its entire 2026 output of these chips is already sold out under fixed-price contracts.

According to CEO Sanjay Mehrotra, the results reflect what he called the strategic value of memory in the AI era.

The company pointed to a series of multi-year customer agreements that it expects to make earnings more durable and predictable, a notable claim in an industry long defined by brutal boom-and-bust cycles.

Margins to rival the biggest names

What has startled analysts most is Micron’s profitability.

The company reported a gross margin of around 85% for the quarter, a level that now rivals or exceeds those of far larger technology names such as Nvidia and Meta, an extraordinary position for a memory maker historically squeezed by volatile chip prices.

The tightness of supply, with new factories not expected to add meaningful output until 2028, has handed producers exceptional pricing power.

Micron’s guidance was more striking still.

The company expects revenue of around $50 billion (€44bn) in the current quarter and adjusted earnings of roughly $31 a share, implying the boom is accelerating rather than fading. It is ramping up investment to match, lifting planned capital spending to about $27 billion (€23.7bn) this fiscal year and signalling a further jump in 2027, management told analysts during the earnings call.

The results offer reassurance to investors betting that AI infrastructure spending remains robust, with Micron’s order book serving as a real-time gauge of that demand.

The open question, as ever in the memory industry, is how long the upswing can last before supply catches up. Even the most bullish observers acknowledge that risk has not completely disappeared.