Volkswagen AG (VWAGY) is considering deeper cost-cutting measures, including eliminating up to 100,000 jobs and closing several factories, as CEO Oliver Blume seeks to improve the automaker’s competitiveness, Manager Magazin reported Friday, citing people familiar with the matter.
Blast at Ras Laffan Industrial City caused by ‘technical malfunction’, Ministry of Interior says.
Published On 22 Jun 202622 Jun 2026
An explosion at Qatar’s main liquefied natural gas processing facility has injured 54 people and left 18 others missing, authorities have said.
The Qatari International Search and Rescue Group were deployed to conduct search operations for those missing following the “internal explosion” at Ras Laffan Industrial City, Qatar’s Ministry of Interior said on Monday.
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The ministry did not provide information on the conditions of those injured in the incident, which it blamed on a “technical malfunction”.
Officials had said earlier that civil defence teams responding to the scene had not recorded any injuries.
The ministry said there was no leakage from the facility that would pose a danger to public safety.
QatarEnergy, which administers the industrial hub, said emergency response teams were immediately deployed after the explosion at the Barzan factory and brought a fire at the facility under control.
Ras Laffan Industrial City, located about 80km (50 miles) north of Doha, is home to the world’s largest LNG export facility, producing about one-fifth of global supply.
In March, the Qatari government announced that the industrial hub had sustained “significant damage” after being targeted by Iranian missile and drone attacks.
QatarEnergy invoked the force majeure clause in some of its contracts to free itself from its supply obligations following the attacks, affecting customers in Italy, Belgium, South Korea and China.
Nvidia Chief Executive Jensen Huang, left, and Naver founder and board Chairman Lee Hae-jin greet attendees at Naver’s 1784 headquarters in Seongnam, south of Seoul, on Monday. Photo by Asia Today
June 8 (Asia Today) — Naver said Monday it will work with Nvidia to build a gigawatt-scale artificial intelligence factory, starting from its hyperscale data center in Sejong.
Naver founder and board Chairman Lee Hae-jin and Chief Executive Choi Soo-yeon met Nvidia Chief Executive Jensen Huang at Naver’s 1784 headquarters in Seongnam, south of Seoul, to discuss a joint business road map and global expansion strategy.
Huang greeted employees and visitors at the building, saying, “I love Naver.” He also joined a Naver Webtoon event and wrote, “Don’t worry! I have GPUs!” in a blank space on a display.
Naver and Nvidia said they agreed to pursue a joint project to build a large-scale global AI factory. The partnership goes beyond technology cooperation, covering demand development, investment and infrastructure construction across the value chain.
Naver will participate as a core partner sharing business results and risks.
The project will be based at Gak Sejong, Naver’s hyperscale data center. Naver plans to begin operating 55 megawatts of infrastructure in the first half of 2027, expand to 100 megawatts later that year and reach 200 megawatts in 2028. The company ultimately aims to build gigawatt-scale AI infrastructure.
Naver plans to use Gak Sejong to serve AI demand not only in South Korea but also in Asia, the Middle East and Europe.
The cooperation centers on combining Naver’s data-center and GPU cluster operation capabilities with Nvidia’s DSX platform. Nvidia DSX integrates chips, servers, software and data-center operating technologies for AI factories. The platform is designed to lower AI model training and inference costs and speed up infrastructure deployment.
Naver plans to use the technology to expand AI infrastructure services for companies, governments and industrial clients.
The companies also plan to broaden technical cooperation. Naver has been improving its HyperCLOVA X AI model by using Nvidia’s open large language model Nemotron. It is also working to develop a “Seoul world model” by combining Nvidia’s Cosmos world foundation model with Naver’s street-view and spatial modeling technologies.
The cooperation is expected to expand into physical AI, robotics and digital twins.
The meeting marked another step in the companies’ existing partnership. Lee and Huang met last year during the Asia-Pacific Economic Cooperation summit in Gyeongju to discuss cooperation on physical AI platforms.
Naver 1784 is considered a showcase for robotics, digital twins and cloud technologies. Huang was expected to review areas for expanded cooperation during his visit.
Naver is seeking to move beyond its role as an internet services company and become a global AI infrastructure provider. Huang recently introduced Naver Cloud as a key partner in the global AI ecosystem during Nvidia GTC Taipei 2026. Naver said it plans to accelerate its sovereign AI and AI data-center businesses through cooperation with Nvidia.
Naver shares also rose Monday. The stock closed at 279,000 won, or about $181, up 9.20% from the previous trading session, according to the Korea Exchange. Market analysts attributed the gain to investor expectations for the large-scale AI factory project and Naver’s global AI infrastructure expansion.
North Korea has released photos of Kim Jong Un inspecting huge munitions at a weapons factory ahead of Chinese president Xi Jinping’s visit. Pyongyang has ordered missile production capacity to be doubled in the next five years.
NVIDIA CEO Jensen Huang delivers his keynote speech as part of the COMPUTEX 2026 AI exhibition in Taipei, Taiwan, 01 June 2026. Jensan Huang officially announced NVIDIA’s new products and various AI integration. Photo by RITCHIE B. TONGO / EPA
June 2 (Asia Today) — Naver Cloud is moving to expand its presence in the global artificial intelligence infrastructure market through a deeper partnership with Nvidia.
The company aims to combine its HyperCLOVA X large-scale AI model and sovereign AI capabilities with Nvidia’s AI infrastructure platform to become a key player in the era of AI factories.
Industry officials said Tuesday that Naver Cloud CEO Kim Yu-won attended the Nvidia Cloud Partner Summit in Taiwan and outlined the company’s strategic cooperation with Nvidia.
The partnership is drawing attention because it goes beyond a simple graphics processing unit supply arrangement and extends across infrastructure, AI models and services.
Nvidia CEO Jensen Huang introduced Naver Cloud as a major AI-native cloud partner in the global AI ecosystem during his keynote speech at GTC Taipei 2026 on Monday.
The two companies also plan to expand cooperation in large language models. Naver Cloud plans to use Nvidia’s open large language model technology, Nemotron 3 Ultra, to advance HyperCLOVA X. The companies also plan to jointly study model optimization and core technologies.
Cooperation will also continue in physical AI. In March, Naver Cloud unveiled the Seoul World Model, a digital recreation of Seoul built with Nvidia’s Cosmos physical AI platform.
The Seoul World Model was trained on South Korean map data and 1.2 million panoramic images collected across Seoul, allowing it to reproduce real road environments and spatial structures.
Naver Cloud plans to target the global AI market by emphasizing its full-stack capabilities, which combine its own AI models and cloud infrastructure. The company also plans to expand sovereign AI projects that protect national data sovereignty by working with governments and local companies.
Naver board chair Lee Hae-jin and Huang are expected to meet soon in South Korea and disclose specific plans for the AI factory project.
“The AI industry paradigm is shifting from models to inference-focused AI factories that can operate large-scale infrastructure reliably,” Kim said. “Our cooperation with Nvidia is not a simple supply relationship but a strategic decision to expand the global AI ecosystem together.”
A fire truck exits the Hanwha Aerospace facility in Daejeon on Monday, following an explosion at the company’s factory that killed five and injured two. Photo by Yonhap
SEOUL, June 1 (UPI) — Five workers were killed and two others injured Monday after an explosion and fire at a Hanwha Aerospace defense facility in the central South Korean city of Daejeon, officials said.
The blast occurred around 10:59 a.m. at Hanwha’s plant in Yuseong District, fire authorities told reporters. Some 100 personnel were dispatched and extinguished the blaze shortly after 1 p.m.
All five fatalities were found inside the work area, while two injured workers were rescued and taken to nearby hospitals, officials said. One suffered burns over his entire body and remained in critical condition, while the other sustained relatively minor burns to the neck.
Authorities said the bodies of the victims were severely damaged, making identification difficult.
Hanwha officials said the explosion occurred during a cleaning operation involving tools and equipment used in the rocket-propellant manufacturing process. The company said the exact cause of the blast remains under investigation.
A company official said the cleaning process had not previously been regarded as particularly hazardous because it involved washing equipment with water. The seven people involved in the accident were site workers rather than researchers, he added.
South Korean President Lee Jae Myung ordered authorities to mobilize all available resources for emergency response efforts and conduct a thorough investigation into the cause of the accident, according to his office.
Prime Minister Kim Min-seok issued similar instructions, calling for all available personnel and equipment to be deployed for firefighting and rescue operations and to prevent additional casualties.
Hanwha Aerospace Chief Executive Officer Son Jae-il apologized to the victims and their families following the deadly incident.
“We failed to protect the lives of those who were working at what should have been a safe workplace,” Son said. “As the company’s chief executive, I feel a heavy responsibility for this accident.”
Son pledged full cooperation with authorities investigating the cause of the explosion and said the company would conduct a comprehensive review of its safety systems to prevent a recurrence.
The company said it had established an emergency response headquarters at the site and was working with fire, police and other authorities on response and recovery efforts.
The Daejeon facility is one of Hanwha Aerospace’s key defense production sites and develops propulsion systems and tactical weapon technologies.
The accident was the latest in a series of deadly incidents at the complex. Explosions at the facility killed five workers in 2018 and three more in 2019.
China’s economy slowed down sharply in April 2026 as geopolitical fallout from the war in Iran weighed heavily on consumer spending and factory output.
Retail Sales: Growth flattened to just 0.2% year-over-year, marking the weakest performance since late 2022. This was a sharp deceleration
Weekly insights and analysis on the latest developments in military technology, strategy, and foreign policy.
In another sign of how much first person view (FPV) drones have changed warfare, Israel says it is building a new factory to produce thousands of these weapons. The move comes as its forces are coming under increasing attack from Hezbollah’s FPV drones in southern Lebanon, something we were among the first to report.
“The IDF is currently establishing a factory that will produce suicide drones (FPV drones) for use in all theaters of war,” Israel Army Radio reported. “The goal of establishing the factory is to industrialize and significantly expand the arsenal of suicide drones that the IDF has, in order to increase capabilities on the battlefield.”
התשובה לרחפני הנפץ של חזבאללה? בצה”ל הוחלט: יוקם מפעל צה”לי לייצור אלפי רחפנים מתאבדים מדי חודש – שישרתו בו חיילים חרדים
צה”ל מקים בימים אלה מפעל שעתיד לייצר רחפני נפץ מתאבדים (רחפני FPV) – לשימוש בכל זירות המלחמה. מטרת הקמת המפעל היא לתעש ולהרחיב… pic.twitter.com/784Jikz1Mk
— דורון קדוש | Doron Kadosh (@Doron_Kadosh) May 12, 2026
Israel is racing to catch up to Hezbollah in the use of this class of fast, highly maneuverable munitions that became a main strike weapon for both Ukrainian and Russian forces, as well as elsewhere in the world. In our earlier reporting about the issue, we noted that the Iranian proxy has ramped up FPV attacks the deeper Israel has pushed into southern Lebanon.
You can see some videos of those attacks below.
Hezbollah conducted more fiber-optic FPV strikes on Israeli vehicles in Lebanon, including two ‘Merkava’ Mk.4 tanks, a D9 Caterpillar armored bulldozer, and what appears to be a rare ‘Namer’ heavy IFV equipped with a turret mounting a 30 mm Bushmaster Mk 2 cannon. 1/ https://t.co/ms2nagNHrDpic.twitter.com/WDs6M3SpwW
Hezbollah has released footage showing the targeting of IDF Merkava Mk. 4M tanks and a Humvee in the town of Al-Bayada, southern Lebanon, using FPV drones possibly equipped with PG-7VL or PG-7AT high-explosive anti-tank (HEAT) warheads. pic.twitter.com/vmupkVchgV
The overwhelming majority of fpv drones are intercepted and do no damage to IDF forces. Propaganda videos like this are meant to give hope to terrorists and their supporters that they have a chance at winning, which they don’t. Jew haters stay mad. https://t.co/Z3enrDyyPt
A big issue for Israel has been that while a domestic manufacturer is producing FPV drones, they include Chinese components, which represent both a security and a supply chain concern, the IDF-funded Israel Army Radio explained. By bringing production in-house to its Technology and Logistics Division, the IDF is looking to boost output, reduce cost and use only indigenous components.
The IDF estimates that the factory will begin supplying the army with drones in large quantities starting in July. Initially, the goal is to produce 1,000 per month, according to Israel Army Radio, with production then being boosted to tens of thousands.
Reaching that goal is not a huge leap for the IDF, one of the world’s most technologically advanced militaries in a country not devastated by the kind of war faced by Ukraine. In comparison, as we have reported in the past, Ukraine and Russia both make and use multiple millions of these drones every year.
Удари російських дронів по українському Leopard 1A5 [Січень 2025]
The U.S. is increasing the manufacture of FPV drones and the training of troops to use them. (U.S. Marine Corps photo by Connor Taggart) Connor Taggart
For Israel, however, boosting the number of FPV drones for its troops is only part of the equation in this realm of warfare. The IDF has been highly criticized in Israel for not reacting more quickly to defend against these weapons, especially after encountering them on a much smaller scale in 2024 and watching what has taken place in Ukraine and elsewhere.
Exacerbating the problem for Israel is that Hezbollah has been relying heavily on fiber-optic guided FPV drones. Fiber optic cables mitigate the effect of electronic warfare efforts to jam radio signals as well as some of the limitations imposed by geographical features that can impede the line-of-sight radio connection between drone and operator.
First Person View (FPV) drone controlled via fiber optic wire is seen during a test flight in Ukraine. (Photo by Mykhaylo Palinchak/SOPA Images/LightRocket via Getty Images) SOPA Images
In our past reporting, we explained that the idea behind netting is that drones will get caught up in these nylon or mesh metal barriers and become disabled, or, in some cases, the nets will help keep the drones far enough from the occupants before exploding to keep them from being killed.
As for protecting armor, active protection systems (APS) on its tanks and armored personnel carriers are being adapted to provide hard-kill counter-drone protection. These systems use sensors to detect incoming rocket-propelled grenades, missiles, and other similar threats, and fire projectiles to hit them before they strike the vehicle. Israel is a major pioneer in the APS space, with systems being deployed for decades, but just how soon it can upgrade existing systems, such as Iron Fist, for this application isn’t clear. Also, this doesn’t help many lighter vehicles that do not have APS capabilities.
Iron Fist APS | Active Protection System for Armored Vehicles
The IDF is also working on other systems. The include equipment to better detect the drones as well as the creation of interceptor drones specifically designed to counter FPV drones, according to Israel’s YNet media outlet.
Israel is far from alone in trying to both make more FPV drones and defend against them. The U.S., for instance, recently came under attack by FPV drones in Iraq and its services are training on ways to defend against them. Given Israel’s advanced military tech base that produces weapons used around the world, we will keep an eye on the solutions to the FPV scourge it develops.