CEO François Locoh-Donou framed Q3 as demand-led execution across hybrid multi-cloud, security, and AI, saying, “Q3 was another outstanding quarter. We delivered 19% product revenue growth, driving 11% total growth.” He added, “Looking ahead, we see strong demand driven by durable
Seeking Alpha’s Disclaimer:This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
Earnings Call Insights: SB Financial Group (SBFG) Q2 2026
Management View
“The second quarter of 2026 represented a period of strong execution across our franchise, reflecting the consistency and resilience of our diversified revenue operating model,” said Mark Klein (Chairman, President & CEO), highlighting “high-quality organic loan growth, stable
Seeking Alpha’s Disclaimer:This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
Earnings Call Insights: Liberty Global (LBTYA) Q2 2026
Management View
“Number one, it was a strong quarter commercially, and particularly in the Netherlands, where VodafoneZiggo continues to execute brilliantly… This was our best consumer broadband performance in 6 years… And as Charlie will outline, we’re confirming
Seeking Alpha’s Disclaimer:This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
Proposed rules would have US regulator block the entry of swarm-capable drones, mainly from China.
Published On 22 Jul 202622 Jul 2026
The US Federal Communications Commission (FCC) has moved to prohibit imports of advanced drones, mainly from China, citing mounting national security concerns over military-grade technology.
Under the proposed rules announced on Tuesday, the US regulator will block the entry of drones equipped with swarming capabilities and infrared sensors for high-resolution thermal imaging.
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Meanwhile, exemptions for components produced outside China, introduced in December, have been extended until January 2028, suggesting a focus on isolating Chinese manufacturers, such as DJI and Autel Robotics.
The move comes days after US President Donald Trump accused China of interfering in the 2020 US elections. It signals a hardening of Washington’s stance against foreign-made surveillance technology, while attempting to mitigate immediate supply chain shocks for domestic users.
FCC officials said the measures were necessary to “secure the drone supply chain” and prevent sensitive data from being accessed by foreign states.
In 2022, the FCC banned telecommunications and video surveillance equipment from prominent Chinese brands, including Huawei and ZTE, citing an “unacceptable risk to national security”.
US security officials have warned that equipment from Chinese brands such as Huawei could be used to interfere with fifth-generation (5G) wireless networks and collect sensitive information.
One of the largest manufacturers of telecommunications equipment in the world, Huawei has had an embattled relationship with the US and its allies, facing some of the heaviest sanctions ever placed on a single company in the US.
In 2019, Trump signed into law the Secure and Trusted Communications Networks Act, which established criteria to identify communications services Washington deemed could pose a risk to national security.
The FCC’s latest move reflects a bipartisan consensus in Washington to treat foreign drone technology as an “unacceptable risk” to national infrastructure.
Weekly insights and analysis on the latest developments in military technology, strategy, and foreign policy.
As renewed fighting between the U.S. and Iran has entered a seventh day with no signs of letting up, the Pentagon appears to be sending more forces to the region. The move comes as the conflict took a sharp turn overnight, with both sides carrying through on threats to hit infrastructure targets. That marks a major change from the previous tit-for-tat barrages as the two sides continue to struggle for control over the Strait of Hormuz.
“The Trump administration notified Israel it is sending dozens more refueling planes to the country ahead of a potential expansion of military operations against Iran,” Axios reported, citing three U.S. and Israeli officials.
“Israeli officials say the U.S. wants to send several dozen more refueling planes in the coming days, bringing the number of planes to the same level it had at the beginning of the war,” Axios added. “Israeli officials say the U.S. military prefers operating the refueling planes from Ben Gurion Airport, because other air bases in the region are more exposed to Iranian attacks and less safe for U.S. planes. At the moment, the Iranians are still deterred from launching attacks on Israel, because it will likely trigger a massive retaliation.”
This move comes after Israel placed a limit of 20 on the number of tankers at Ben Gurion Airport due to the impact all those jets were having on passenger air service operations. There are currently about 30 KC-46 Pegasus and KC-135 Stratotanker aerial refueling jets at the airport. There had been about 75 refuelers and cargo planes there during the height of Operation Epic Fury.
It remains unclear how that issue will be resolved, however, boosting the number of tankers in Israel will certainly give the U.S. greater flexibility in being able to refuel aircraft attacking and surveilling Iran. As we noted yesterday, there was a concern that moving aircraft around to other bases farther away could cause sortie rates and durations for receiver aircraft missions to suffer in a sudden crisis.
Scoop: The Trump administration notified Israel it is sending dozens more refueling planes to the country ahead of a potential expansion of military operations against Iran, three U.S. and Israeli officials said. My story on @axioshttps://t.co/EcVDTCUq5z
In addition, more combat jets appear to be headed back to the Middle East. According to online open-source flight trackers, at least 12 F-16 Fighting Falcons are heading to Muwaffaq Salti Air Base in Jordan from Spangdahlem Air Base in Germany. Whether this is a plus-up or a routine rotation is unclear, but either way it shows that the U.S. is continuing to add assets to the region.
Meanwhile, as we have noted in earlier reporting, the U.S. has already returned F-22 Raptors that were flying out of Ovda Air Base in Israel back to the United States. Other aircraft, such as A-10s and F-15Es, have also returned home from or have been replaced in the CENTCOM region. So clearly there is a lot of shifting of aviation assets taking place even amid current operations.
Going for GOLD: 4 flts of 3x “SP” F-16CJ (TABOR11,21,31,41) are inbound to Muwaffaq Salti AB, Jordan (OJMS) from Spangdahlem AB, Germany (ETAD). 4x KC-135R/T “GOLD” team tankers are up to support the movement.
Video of Massive US airforce airlift activity above Europe today towards bases in the Middle East in particular the transfer of many fighter jets to Jordan and Israel.
Friday afternoon, CENTCOM announced a new wave of strikes on Iran.
“CENTCOM launched a round of strikes against Iran at 3 p.m. ET today for the seventh consecutive night,” the command stated on X. “The strikes are designed to continue degrading Iranian military capabilities at the Commander in Chief’s direction.”
CENTCOM launched a round of strikes against Iran at 3 p.m. ET today for the seventh consecutive night. The strikes are designed to continue degrading Iranian military capabilities at the Commander in Chief’s direction.
Last night, American forces struck several bridges and energy plants in the southern part of the country, according to Iranian media. In retaliation, Iran hit several targets across the region, including what Kuwait says is a desalination plant, another step up the escalation ladder. In this arid part of the world, countries rely heavily on desalination plants to provide potable water.
🇺🇸🇮🇷 US targets in Iran tonight:
• A total of 5-6 bridges in Hormozgan province were targeted:
• Chabahar maritime tower was targeted (again) and destroyed by the US
Officials in Hormozgan province, where Bandar Abbas is the capital, say six bridges were hit in the latest attacks, along key transport routes linking the city with surrounding towns, Al Jazeera reported. Bandar Abbas, which has a key naval base on the Strait of Hormuz and is frequently targeted, was also reportedly struck again.
Former CENTCOM commander Joseph Votel told us that while it “may be possible” that the U.S. is preparing for a ground invasion of southern Iran, “I don’t really think that is what this is about. I think our kinetic targeting is principally focused on elimination of IRGC capacity to influence the Strait of Hormuz or attack our partners in the region.”
Friday morning, U.S. Central Command (CENTCOM) declined to comment on the claims that it struck bridges, referring us to its X post from the previous night.
“U.S. forces, including fighter jets, aerial drones, and warships, launched precision munitions that hit dozens of Iranian military targets such as coastal surveillance and air defense sites, military logistics infrastructure, and maritime capabilities,” the command wrote. “This was the sixth consecutive night of U.S. strikes against Iran. At the Commander in Chief’s direction, CENTCOM is further degrading Iranian military capabilities and holding Iran accountable for recent attacks on commercial shipping.”
Several videos emerged on social media showing the destroyed and damaged bridges.
American strikes tonight hit three important road bridges near the port city of Bandar Abbas in southern Iran.
A fuel truck was passing through one of the bridges at the moment of the attack, causing the vehicle to get struck and catch fire. pic.twitter.com/8j7py2JRGs
— Status-6 (War & Military News) (@Archer83Able) July 16, 2026
Bridges in the southern Iranian port city of Bandar Khamir in Hormozgan province appeared heavily damaged after US strikes, aerial footage published Friday by IRGC-affiliated Tasnim News showed. Iran said at least five bridges, a railway junction near Bandar Abbas and the… pic.twitter.com/d0aBCPqHUv
— Iran International English (@IranIntl_En) July 17, 2026
CENTCOM on Friday did acknowledge destroying the Chah Bahar Shahid Kalantari Port surveillance tower.
It was “part of a maritime surveillance network along Iran’s Gulf of Oman coastline used for decades by the Islamic Revolutionary Guard Corps (IRGC) to track and target commercial vessels transiting the Strait of Hormuz,” the command stated on X. “The destruction of the tower directly degrades IRGC’s ability to coordinate attacks on innocent civilian crew members. Furthermore, the strike protects freedom of navigation in regional waters for all vessels, except for ships attempting to violate the ongoing U.S. naval blockade against Iran.”
On July 16, U.S. forces successfully destroyed the Chah Bahar Shahid Kalantari Port surveillance tower, part of a maritime surveillance network along Iran’s Gulf of Oman coastline used for decades by the Islamic Revolutionary Guard Corps (IRGC) to track and target commercial… pic.twitter.com/CgBNvgOFf9
Meanwhile, as we noted earlier in this story, officials in Kuwait said one of the country’s power and water desalination plants “was attacked as a result of the Iranian aggression…leading to a fire and damage to the plant’s facilities and several electricity generating units.”
“The fire is now under control and repairs are ongoing,” the Kuwait government added.
Kuwait announces one of its power and water desalinization plants “was attacked as a result of the Iranian aggression…leading to a fire and damage to the plant’s facilities and several electricity generating units.” The fire is now under control & repairs are ongoing. https://t.co/MrFcwkeTHrpic.twitter.com/LoxTCM4v92
Officials in Bahrain said its air defenses intercepted and destroyed several Iranian aerial attacks on Friday.
“The General Command of the Bahrain Defense Force announces that Iran is continuing its systematic, hostile approach through its attacks,” the Bahrain Defense Force stated on Instagram. “The General Command clarifies that, with strong will and high combat readiness, the air defense systems with Bahrain’s defense force, intercepted and destroyed a number of treacherous Iranian air strikes today, Friday, July 17, 2026. The General Command assures that all its weapons and units are at the highest readiness and on defensive readiness to protect the kingdom.”
🔴 Bahrain’s air defenses intercepted and destroyed several Iranian aerial threats on Friday
🔴 The army condemned Iran’s targeting of civilians and private property as a violation of international law
There were also claims from Iran that it again struck Al Udeid Air Base in Qatar, the largest U.S. installation in the region. The IRGC Aerospace Force claimed it destroyed several aerial refueling jets as well as radars, however, it provided no visual evidence. When we asked about the claim, CENTCOM declined comment.
🔴In the 15th wave of Op. Nasr 2, the IRGC Aerospace Force carried out a heavy surprise attack on the US Al Udeid Air Base in Qatar, completely destroying a long-range radar system and several US strategic aerial refueling aircraft, while several others sustained severe damage. pic.twitter.com/TJkl8P1OB4
Satellite imagery emerged on social media purporting to show the destruction of two hardened storage facilities and a warehouse at the Zayed Military City in Abu Dhabi. The scale of the damage appears to show what could be the results of an Iranian missile or drone strike.
UAE authorities, however, chalked it up to a mishap.
On Monday, UAE authorities claimed “firefighting teams of the UAE armed forces dealt with a fire which broke out in one of the warehouses of the Zayed Military City,” according to Khaleej Times. “The fire was caused by the burning of some wood and old ammunition, the country’s Ministry of Defense reported.”
🇦🇪 Sentinel-2L imagery and enhanced satellite imagery from @SoarAtlas show that two hardened storage facilities and a warehouse at 24°29’44.87″N 54°58’57.10″E inside Zayed Military City in Abu Dhabi were completely destroyed.
Iran struck eastern Syria on Friday, Iranian state media and a Syrian military source said, Reuters reported. It was the first known attack by Tehran on Syrian territory since a regional war erupted earlier this year.
The IRGC said it attacked a U.S. special operations command center at al-Tanf in Syria in retaliation for the killing of Iranian soldiers in Iranshahr, state media reported.
IRGC Launches Surprise Attack on Enemy in Syria’s Al-Tanf Region
The IRGC conducted a surprise attack on the enemy special operations command center in the Al-Tanf region of Syria in retaliation for the blood of martyred Iranian soldiers from the previous night in Iranshahr. pic.twitter.com/vVkvKTBJv1
CENTCOM declined to comment when we asked about it, but minutes later posted a denial on X of any American casualties.
“CLAIM: Iranian forces claim they attacked al-Tanf Garrison in Syria and captured or killed American troops in the process. FALSE,” the command stated. “FACTS: No U.S. troops in the region have recently been killed or captured.”
🚫 CLAIM: Iranian forces claim they attacked al-Tanf Garrison in Syria and captured or killed American troops in the process. FALSE.
CENTCOM declined to say if any U.S. troops had been killed or injured in any overnight attacks. According to the Pentagon’s casualty website, there have been 14 troops killed and 427 wounded since the launch of Epic Fury Feb. 28.
The Department of Defense has updated its official casualty figures for Operation EPIC FURY, reporting 13 additional wounded in action (WIA), including 10 U.S. Army and 3 U.S. Navy personnel.
The latest round of strikes came after President Donald Trump promised to strike infrastructure and the Iranians promised to retaliate.
“We’re going to hit them very hard tomorrow night,” Trump proclaimed in an interview with Fox News on July 15. “We’re going to hit them very hard the night after, and then next week it gets really bad for them, because next week comes the power plants. Next week comes the bridges. We’re going to knock out all their power plants. We’re going to knock out all their bridges unless they get to the table and negotiate.”
PRESIDENT TRUMP: “Ultimately, we’ll hit energy targets in Iran. Next week comes the bridges. We’re going to knock out all of their power plants. We’ll knock out all of their bridges unless they get to the table and negotiate” pic.twitter.com/CwbiDxHcwx
Last night, Trump claimed “…we are winning big in Iran and you will see the fruits of that labor very, very shortly.”
Amid the renewed fighting, the number of transits in the Strait of Hormuz reached a three-week low, according to a MarineTraffic.com post on X, falling to eight yesterday, down from 15 the day before.
Meanwhile, the per barrel price of Brent crude hit a new high for the past 30 days on Friday, reaching almost $87.
Hormuz traffic reaches three week low
MarineTraffic data indicate confirmed crossings through the monitored Strait of Hormuz zone fell to eight on 16 July, down from 15 a day earlier and marking a three week low. Seven of the eight transits followed the Iranian route, with no… pic.twitter.com/mEXVxsx40d
Meanwhile, a new threat to oil exports from the region is looming. Iran has asked the Houthi rebels of Yemen, one of its main proxies, “to stand ready to close the Red Sea oil route if the United States strikes Iranian power infrastructure,” Reuters reported, citing three sources. “The idea has been discussed within the Islamic Republic’s leadership, and the message has been conveyed to Iran’s Houthi allies.”
As we have previously explained, a Houthi shut down of the Bab el-Mandeb (BAM) strait, a narrow stretch of water between Yemen and Djibouti, would choke off a flow of oil exports from Saudi Arabia, especially to the east, and from southern Gulf states west, exacerbating the above-mentioned spike in oil prices. Having both straits closed at once is something of a ‘sum of all fears’ scenario for the global energy marketplace.
🔊 Iran asked the Houthis to stand ready to close the Red Sea gateway. ‘That has the potential to severely exacerbate what is already the worst energy supply disruption in history.’ Commodities and energy editor Simon Webb on Reuters World News https://t.co/cuyI7h2PSepic.twitter.com/k6TYgVoHOJ
It is unknown whether the U.S. and Iran will return to the bargaining table as both nations careen to a resumption of all-out war. We will continue to monitor this situation and provide updates when warranted.
At least three people have been killed and three others wounded in Russian strikes on Odesa, the city’s military administrator says.
Published On 15 Jul 202615 Jul 2026
Several people have been killed in Russian attacks on port infrastructure in Odesa and Mykolaiv, and Ukraine said it launched drone strikes on 20 Russian vessels as the warring sides escalated their battle over the Black Sea and key trade routes.
Odesa region Governor Oleh Kiper said on Wednesday that a “massive” Russian drone and missile attack on the southern region continued for a fifth day, with civilian, industrial and port infrastructure coming under attack.
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At least three people were killed and three others wounded in the Russian strikes on Odesa, the city’s military administrator Serhiy Lysak said on Wednesday.
Russia’s Ministry of Defence confirmed the strikes on the Odesa and Chernomorsk ports, saying Russian forces targeted infrastructure facilities that it claims are used to store fuel and assemble drones.
Russia in recent days has stepped up attacks on Ukraine’s Black Sea ports in the Greater Odesa area, which handle much of the country’s grain and other cargo and are vital to its wartime economy.
Meanwhile, Ukraine has escalated its campaign to disrupt logistics for Russia’s forces in areas Moscow occupies in southern Ukraine and to isolate Crimea, which Russia has occupied since 2014.
Kyiv’s drone force commander Robert Brovdi said Ukraine hit 17 Russian oil tankers, two gas tankers and one tugboat in the Black Sea.
He claimed earlier this week that 116 Russian vessels had been “hunted down” over a nine-day period.
Moscow said on Tuesday that it was preparing to redirect exports following waves of attacks on Russian shipping in the Sea of Azov, while Foreign Minister Sergey Lavrov called the Ukrainian attacks on shipping “terrorism”.
The attacks come as European Commission President Ursula von der Leyen arrived in Kyiv and said she would announce steps to deepen Ukraine-European Union defence integration.
“I will announce new initiatives to integrate our defence industries. So we can produce more, and faster,” she wrote on X, posting footage of her arrival in the Ukrainian capital.
Investors step in to close Africa’s critical $80B infrastructure financing gap.
Gulf investors are rapidly reshaping Africa’s investment landscape, committing billions of dollars to ports, transport corridors, logistics, renewable energy, and critical minerals as governments across the continent seek new sources of long-term development finance.
The shift gathered momentum in June, when sovereign wealth funds (SWFs), commercial banks, development finance institutions, institutional investors, and corporate issuers launched the Africa–Middle East Corridor. Debuted during the Global Banking & Markets Middle East 2026 conference in Dubai, the initiative aims to mobilize capital for infrastructure, deepen Africa’s debt capital markets, and expand cross-border investment between the Gulf and Africa.
The launch comes at a critical moment for the continent. According to the African Development Bank (AfDB), Africa requires approximately $170 billion annually to finance infrastructure, yet current investment totals only $80 billion to $90 billion, leaving an annual financing gap approaching $80 billion.
The Gulf is positioning itself to help close the deficit.
Investors from Gulf Cooperation Council (GCC) countries announced 73 foreign direct investment (FDI) projects worth more than $53 billion across Africa in 2023, reflecting a decisive shift toward fewer but significantly larger investments concentrated in renewable energy, logistics, critical minerals, transport and digital infrastructure.
China Cuts Back
The changing investment landscape also reflects a broader shift in global capital flows.
For nearly two decades, Chinese policy banks financed much of Africa’s modern infrastructure expansion, underwriting railways, highways, ports, airports and power projects across the continent. Yet, according to the Boston University Global Development Policy Center, Chinese policy bank lending fell from a peak of $28.8 billion in 2016 to $2.1 billion in 2024. Annual lending regularly exceeded $10 billion between 2012 and 2018, but Beijing has increasingly pivoted from sovereign-backed megaprojects to smaller, commercially driven investments.
That retreat has created space for Gulf SWFs, export credit agencies, and commercial banks to expand their presence across Africa.
The United Arab Emirates has emerged as Africa’s fourth-largest foreign investor. Between 2019 and 2023, Emirati investments exceeded $110 billion, including an estimated $70 billion directed at renewable energy.
Several flagship transactions illustrate the scale of that commitment. ADQ’s $35 billion Ras El-Hekma development in Egypt ranks among the largest FDI deals ever concluded on the continent. DP World now operates six African ports and logistics facilities, while Abu Dhabi Ports has secured concessions in Egypt, Angola, and the Republic of Congo, strengthening Gulf influence over strategic maritime trade routes linking Africa with Europe, Asia, and the Middle East.
Renewable energy has become a major pillar of Gulf investment in Africa.
Masdar, Abu Dhabi’s state-owned renewable energy company, has committed $10 billion to develop 10 gigawatts (GW) of renewable energy capacity across sub-Saharan Africa by 2030. Infinity Power, a joint venture between Masdar and Egypt’s Infinity, is now Africa’s largest pure-play renewable energy company, operating 1.3GW of generation capacity in Egypt, South Africa, and Senegal, with a further 16GW under development. Saudi Arabia’s ACWA Power, one of the Middle East’s largest private power developers, continues to expand its renewable energy portfolio in Morocco, Egypt, and South Africa, while Gulf investors are increasingly financing green hydrogen, battery storage, and electricity transmission projects across the continent.
Gulf Capital Steps In
Commercial banks, too, are increasing their African presence.
In March, First Abu Dhabi Bank announced plans to establish its first representative office in Lagos, making Nigeria its West African hub. The lender has already participated in financing the $1.13 billion Lagos – Calabar Coastal Highway, signaling growing Gulf interest in African project finance and structured lending.
“Gulf capital is increasingly vital to Africa because of a strategic alignment of economic needs,” says Phumlani Majozi, senior economist and executive director at the African Markets Institute. “As traditional Western and Chinese funding slows, African countries require enormous investment for infrastructure, energy, and digital transformation, while Gulf states are actively diversifying beyond hydrocarbons. The relationship is evolving from aid-based engagement into long-term commercial integration.”
The trend represents a structural shift rather than a temporary investment cycle, Majozi says, driven by long-term economic diversification strategies such as Saudi Vision 2030 and the UAE’s ambition to become a global investment and logistics hub.
Private-sector advisers see the relationship as rooted in geography and commercial history.
“The Middle East is Africa’s closest neighbor. Trade between the two regions stretches back thousands of years,” said Jacqueléne Coetzer, founder and CEO of Jacqueléne Global Consulting. “Africa and the Gulf do not need to discover entirely new markets; they need to rediscover one another.”
Gulf investors are targeting critical minerals in the Democratic Republic of Congo and Zambia, agriculture in Ethiopia, renewable energy in Kenya and South Africa, logistics in Egypt and Nigeria, and financial services through Mauritius, Coetzer says.
Africa’s bargaining position is also strengthening.
The African Continental Free Trade Area (AfCFTA) is creating a $3.4 trillion integrated market spanning 54 economies. The continent controls roughly 30% of the world’s critical minerals, including copper, cobalt, lithium, and manganese — resources central to the global energy transition.
Individual countries are strengthening their ties across the regions as well. Kenya’s Comprehensive Economic Partnership Agreement (CEPA) with the UAE, signed in January 2025, was the first such agreement between the UAE and a mainland African country. The accord improves business access to both countries’ markets by expanding investment protection and providing a framework for deeper cooperation in trade, logistics, financial services and digital commerce.
“Africa’s leverage has never been stronger,” Majozi argues. “The continent possesses roughly 30% of the world’s critical minerals, the world’s youngest workforce and the AfCFTA’s $3.4 trillion integrated market. The challenge is converting that structural advantage into negotiating power.”
If the Africa–Middle East Corridor succeeds in converting investment commitments into bankable projects, it could become one of the principal channels through which Gulf capital finances Africa’s next generation of infrastructure, industrialization, and capital-market development.
Charles Wachira is a contributing writer based in Kenya.
Emmerdale spoilers for next week tease big twists with new faces, a break-in and danger for one icon, and two characters team up to take down Dr Todd – but will it work?
It’s another big week ahead on Emmerdale(Image: ITV)
It’s another big week ahead on Emmerdale, with new spoilers teasing exits, danger and twists.
Kim tasks Ross with investigating an intruder at Home Farm. Ross questions Moira, who sends him packing, before he turns his attention towards Robert. Things get heated between Ross and Aaron as a result, and Serena intervenes.
Serena takes the opportunity to tell Robert a full explanation about John and it is enough to persuade Robert to let her stay, despite Aaron’s concern. With Robert injured, Aaron offers Serena a job on the farm, but she seems preoccupied with getting Ross onside – so what is she up to, and why is she trying to get close to Ross?
Back at Home Farm, Kim realises a USB stick was taken. Elsewhere, Charity is left utterly defeated to learn the CPS won’t be pursuing Todd’s case due to a lack of evidence. Mack and Vanessa team up to ensure Todd doesn’t get away with it.
Believing they could uncover buried complaints at the hospital, Vanessa and Jacob meet privately with the HR Rep. As Charity goes to confront Vanessa over her plan, she bumps into Helen, another of Todd’s victims.
When Charity reveals how Todd raped her, it clearly strikes a chord with Helen, but will it aid Charity’s case? Claudette encourages Kev to return to his job at the café, while Nicola tries to convince everyone that Kev quitting was for the best.
With Lewis’ birthday approaching, Kev attempts to make up for missed years with gifts, but he unsettles Lewis, leaving Ross concerned. Kev is left stressed when an old friend, Steve, rocks up.
Gabby distracts Billy so she doesn’t have to eat the meal he’s prepared for her, while Dawn is clearly not happy about Billy and Gabby dating each other. Dawn, meanwhile, is thrilled when her wedding dress arrives.
Finally, Cain is holding onto hope for his dog Monty’s health and seeks a second vet opinion following Monty’s cancer diagnosis. Kyle is struggling at Cadets, but feels he can’t ask Cain about it due to his dad’s dismissive attitude.
As Cain learns that Monty’s tumours are inoperable, it’s too much to take in. Cain tries to avoid Moira and asks Kyle to go camping with him, only for Kyle to invite Graham.
As the trio set off, tensions escalate, resulting in Cain storming off. But as darkness draws in, Cain falls down a hillside and traps his leg. It’s another unmissable week for the show, with much more set to air.
Tower Semiconductor (TSEM) said it plans to invest about $3B to expand its advanced semiconductor manufacturing capacity in Japan, backed by about $1B in grants from the Japanese government. The expansion is aimed at meeting rising demand from AI and data center
The United States on Sunday carried out a second night of airstrikes against Iranian targets as their dispute over transit rights in the Strait of Hormuz threatened to escalate beyond the region. U.S. Navy file photo by Mass Communication Specialist Seaman Zoe Simpson
July 12 (UPI) — The U.S. military said late Sunday ithad completed a new wave of attacks against Iran, as world leaders raised fears that a fragile cease-fire would collapse and the conflict could widen beyond the region.
The Sunday attack was the second consecutive night that the United States had attacked Iran and was the fourth round in a week, prompting retaliatory strikes from Tehran against regional U.S. military assets following each operation, as the two sides battle over the vital Strait of Hormuz shipping route.
U.S. Central Command said its forces had completed the wave of strikes, claiming to have hit dozens of targets with precision munitions with the intent to “degrade Iran’s ability to continue attacking international shipping flowing through the Strait of Hormuz.”
Iranian air-defense systems, coastal radar sites, missile and drone capabilities and small boats were among the targets attacked by U.S. fighter jets, naval assets and aerial and sea drones on Sunday, CENTCOM said.
“The Strait of Hormuz is a vital maritime corridor for global trade,” CENTCOM said in a statement.
“Iran does not control it.”
The announcement of the operation’s conclusion came hours after CENTCOM said it had begun and after the U.S. military refuted Iran’s claims that it had closed the vital waterway in response to what it characterized as violations of the 25-day-old U.S.-Iran memorandum of understanding that established the shaky cease-fire.
“The Strait of Hormuz is open to all vessels seeking to lawfully transit the international waterway,” CENTCOM declared. “U.S. forces are positioned and prepared to ensure that freedom of navigation remains available despite unwarranted Iranian aggression, harassment, threats, and arbitrary declarations. Iran does not control the strait.
“Traffic is flowing.”
Late Sunday, Iranian media reported explosions near Sirik and west of Bandar Abbas in the country’s south during the second night of U.S. strikes, which came shortly after Iran’s Islamic Revolutionary Guard Corps targeted what it called American military assets in Qatar, Oman, Bahrain, Kuwait, Jordan and the United Arab Emirates.
As CENTCOM announced the completion of its strikes, state-run Islamic Republic of Iran Broadcasting reported that Iran’s Islamic Revolutionary Guard Corps was targeting U.S. bases in Jordan.
Those attacks drew condemnation from the Gulf states and warnings from world leaders that events were spiraling quickly.
Pakistan’s foreign ministry said it is “following with deep concern the recent incidents that are further escalating the regional tensions.”
Islamabad, which mediated the memorandum of understanding, “reiterates its strong support for the sovereignty and territorial integrity of all brotherly countries in the region, and urges all sides to exercise restraint, take immediate steps towards de-escalation, and uphold respective commitments under the [MOU].”
U.N. Secretary-General António Guterres on Sunday similarly expressed “deep concerns” over what he called a “serious escalation & renewed military confrontations in the Gulf, including the Iranian attacks on ships in the Strait of Hormuz, the attacks by the U.S. on Iran, and the attacks by Iran on targets in the neighboring countries.
“These attacks must all stop,” he said, warning that “a return to full-scale hostilities would have catastrophic consequences — for the peoples of the region, for international peace & security & for the global economy.
“I urge Iran & the U.S. to urgently resume negotiations & to address outstanding issues through diplomacy,” Guterres said.
The fighting comes as the two sides were negotiating the implementation of the MOU, with the Strait of Hormuz appearing to be a sticking point.
The United States resumed striking Iran on Wednesday after Iran attacked three commercial ships in the vital chokepoint. The Trump administration is seeking to regain freedom of navigation through the strait, while Iran seeks to maintain control over ships transiting it.
A missile identified as “Khorramshahr-4” was on display during a public rally in Tehran’s Enghelab Square on April 21, 2026. Photo by Behnam Tofighi/UPI | License Photo
Tehran, Iran – Several days of military attacks by the United States across Iran have marked the most intense rounds of bombardment since the two sides reached a vague memorandum of understanding last month.
US fighter jets and warships have hit hundreds of military targets and a number of civilian ones in nearly a week of strikes, with Iranian authorities reporting attacks in at least 10 provinces, mainly in southern Iran near the strategically important Strait of Hormuz.
In Tehran, life for more than 10 million people has carried on mostly as usual since the capital has not been recently attacked. But the economy is in the doldrums and the outlook is increasingly uncertain, more than four months after the US and Israel began their aerial campaign.
“Everything is too chaotic right now to guess what will happen next but it doesn’t look good,” Farshad, a 21-year-old resident of eastern Tehran, said on Sunday.
“I just really hope all-out war doesn’t start again because I don’t have the nerve for daily bombing on top of everything else,” he told Al Jazeera.
The Islamic Revolutionary Guard Corps (IRGC) said overnight into Sunday that the Strait of Hormuz was once again considered closed due to US military intervention. Two vessels opting to transit using the Western-backed southern route near Oman, rather than Iran’s designated path to the north of the strait, had been struck, the IRGC added.
Iran said it had also attacked US interests across the region, including in Bahrain, Kuwait, Jordan, Qatar and Oman, in response to US strikes, as prospects for negotiations to replace military escalation remained slim.
Another Tehran citizen, Nastaran, said the overnight escalation felt more serious than previous attacks.
“I didn’t expect it would be this bad when I picked up my phone this morning to check the news,” she said. “I think there will be more attacks soon.”
Growing US aggression
The US military has been expanding its attacks over the past week.
US Central Command said more than 300 military targets were hit during three waves, including coastal surveillance, logistics, communications, as well as missile, drone and naval assets. It has not acknowledged striking civilian objectives.
As with other flare-ups over recent weeks, numerous attacks were launched on the province of Hormozgan, including the major port city of Bandar Abbas, as well as on Siri, Qeshm and Jask overlooking the strait. Port, fishing, coastal-control infrastructure and air defences were extensively bombed, reportedly killing a soldier and leaving multiple fishermen dead or wounded in separate strikes.
US projectiles have also targeted multiple areas in Bushehr province, with one attack impacting the perimeter of Iran’s only nuclear power plant without damaging it.
Provincial authorities in the southwestern province of Khuzestan said three areas were hit, but not the capital, Ahvaz. Local authorities in the provinces of Kohgiluyeh, Boyer-Ahmad and Lorestan also reported projectile attacks.
In Sistan and Baluchestan to the southeast, attacks were reported in Chabahar, Konarak and Iranshahr, where a strike on airport facilities killed a firefighter. Video recorded by a local from Chabahar and shared online showed the destruction of the city’s renowned maritime control tower.
Over the past week, the US military has launched some of its deepest strikes into Iranian territory since full-scale military operations were suspended by the “ceasefire” agreed in April.
One of them was in the northern province of Golestan, where the Aq Tekeh Khan railway bridge was struck on the Gorgan-Incheh Borun line.
Authorities said the bridge, which carries both passengers and cargo, was repaired and services resumed quickly. However, the attack showed that inland corridors could also become targets to increase pressure on Iran by limiting its trade, including imports of essential goods.
The transit route connects Iran to Turkmenistan and onwards to Kazakhstan, Russia, China as well as Eurasian rail networks. Crucially, during the US naval blockade of Iran’s southern ports, it provided an overland alternative to the Strait of Hormuz.
Last week, when assassinated Supreme Leader Ayatollah Ali Khamenei was being buried in his hometown of Mashhad in northeastern Iran, authorities said the US struck a bridge about 55km (34 miles) from the city, disrupting passenger journeys to the funeral procession.
Iranian authorities say electricity infrastructure – which Trump has repeatedly threatened with more strikes – has also been significantly impacted since the start of the war, worsening the long-running energy crisis.
The attacks have reduced Iran’s capacity for electricity generation by about 4,200 megawatts, just as summer temperatures reached 40 degrees Celsius (104 Fahrenheit) this week, Mohammad Allahdad, head of Tavanir, the government-owned parent company for the operation of Iran’s power grid, said on Sunday.
After the conclusion of the funeral ceremonies for Ali Khamenei, a statement from new Supreme Leader Mojtaba Khamenei, who has not been seen public since succeeding his father, emphasised the necessity for revenge.
Similar messages continue to be broadcast by state media and hardline religion-backed factions supporting the Islamic Republic, who on Sunday also cheered the death of US Republican Senator Lindsey Graham. State television hailed what it called the “dispatching to hell” of a pro-war hawkish politician.
For its part, Israel has effectively undermined the MoU signed between Iran and the US on June 17 by pushing deeper into southern Lebanon and signalling readiness to return to military strikes in Iran.
Speaking to an Israeli programme on Saturday night, Defence Minister Israel Katz, who has threatened to assassinate Mojtaba Khamenei, said “southern Lebanon would become Gaza” and that the Israeli army will “apply the Rafah model” of conquest there.
Atlas Energy Park, a solar and energy storage complex Qcells is building in Arizona. Photo courtesy of Qcells
July 10 (Asia Today) — Qcells is accelerating its push into the North American renewable energy market as investment in power infrastructure grows rapidly amid the expansion of artificial intelligence data centers in the United States.
The Hanwha unit said Friday it will handle engineering, procurement and construction for Atlas Energy Park, one of the largest solar and energy storage complexes in the United States. The project will be built in La Paz County, Ariz.
Atlas Energy Park will include 2.8 gigawatts of solar generation capacity and 5.7 gigawatt-hours of energy storage capacity by 2028. The complex will consist of 14 solar and energy storage projects and cover an area about 22 times the size of Yeouido, Seoul’s main financial district.
Qcells will handle engineering, procurement and construction for all projects in the complex and supply all solar modules.
The company completed the sale in May of two solar power plants with a combined capacity of 357 megawatts after carrying out their early-stage development and construction. The deal is seen as evidence that Qcells has expanded beyond equipment supply into project development, construction and asset sales.
The company’s competitiveness is backed by its U.S. supply chain. Qcells operates Solar Hub, a solar manufacturing complex in Georgia, giving it module supply capacity. It has also built a supply chain for energy storage equipment.
Industry analysts say companies with U.S. production bases are gaining a stronger advantage as Washington expands policies favoring domestically made equipment.
Analysts also expect Qcells’ expansion in North America to help improve earnings. Hana Securities projected Hanwha Solutions’ second-quarter operating profit this year at 230.7 billion won, about $153 million, roughly 29% above market consensus.
“The oversupply of solar modules in the United States is easing, and prices are continuing to rise, while the expansion of local production capacity in the United States will drive earnings improvement,” said Yoon Jae-sung, an analyst at Hana Securities.
Analysts say AI will further accelerate growth in renewable energy demand.
“Power demand is structurally increasing because of AI data centers, electrification and manufacturing reshoring, making solar power and energy storage key pillars of global power infrastructure,” said Han Byung-hwa, an analyst at Eugene Investment & Securities. “In particular, rising power consumption by AI data centers will continue to increase demand for large-scale projects combining solar power and energy storage.”
Qcells has completed or is pursuing more than 11 gigawatts of solar and more than 6 gigawatt-hours of energy storage projects in North America, expanding its local business base.
“Atlas Energy Park is a symbolic project that once again demonstrates Qcells’ EPC capability, U.S. supply chain and comprehensive business capacity from development to construction and asset sales,” said Chris Hodrick, head of Qcells’ EPC business division.
“We will lead the growth of the North American renewable energy market by increasing customer value and business competitiveness through integrated solutions that combine solar power and energy storage,” Hodrick said.
Iran said on Thursday it had targeted U.S. military infrastructure across the Gulf in retaliation for fresh American strikes on Iranian territory, marking the latest escalation in a conflict that is increasingly testing a fragile ceasefire brokered just weeks ago.
The renewed exchange of attacks came as Iran prepared to bury its late Supreme Leader Ayatollah Ali Khamenei at the holy city of Mashhad following a week of nationwide funeral processions.
Although oil prices eased after surging on fears of wider disruption, investors and governments remained focused on whether the latest violence represented a temporary escalation or the beginning of a broader collapse of efforts to end the conflict.
Iran retaliates after U.S. strikes
Iranian armed forces said they targeted U.S. military facilities in neighbouring Gulf states after American forces struck military infrastructure across Iran’s southern coast and eastern provinces.
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According to Iranian officials quoted by state media, the latest U.S. attacks killed 14 people and wounded 78 others across five provinces on July 8 and 9.
The semi-official Fars news agency reported that one strike hit a railway bridge used for trade links with Russia and China.
Explosions were also reported on Thursday morning in Bushehr province, home to Iran’s only operational nuclear power plant, though authorities did not immediately provide details on the cause.
Gulf military installations targeted
Iran’s military said it launched drone and missile attacks against several U.S.-linked military facilities across the Gulf region.
According to Iranian state media, the targets included:
U.S. Patriot missile systems in Kuwait
An early-warning installation in Qatar
A U.S. military fuel storage facility in Bahrain
Kuwaiti authorities said their air defences intercepted a cruise missile, three ballistic missiles and ten drones. Officials reported one person was injured by falling debris.
Qatar, which hosts the largest U.S. military base in the Middle East, called for restraint and urged all sides to return to diplomatic negotiations.
During a phone call with Iranian Foreign Minister Abbas Araqchi, Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani also condemned attacks on commercial shipping in the Strait of Hormuz.
Strait of Hormuz remains at the centre of tensions
The latest military confrontation follows attacks on commercial tankers in the Strait of Hormuz, one of the world’s most important energy shipping routes.
The U.S. military said Wednesday’s strikes were designed to protect international navigation after blaming Iran for attacks on three commercial vessels.
Although Tehran has not officially claimed responsibility for those attacks, analysts say Iran has increasingly used pressure around the Strait of Hormuz as leverage in negotiations with Washington.
Before the war began in late February, roughly one-fifth of global oil supplies passed through the narrow waterway.
Iran has since exercised significant control over maritime traffic in the strait, giving it considerable strategic influence over global energy markets.
The U.S. Central Command (CENTCOM) said American forces struck around 90 Iranian military targets.
According to CENTCOM, the operation targeted:
Air defence systems
Coastal surveillance infrastructure
Missile and drone storage facilities
Naval assets
Military logistics centres along Iran’s coastline
“The United States is holding Iran accountable for recent unjustified aggression against commercial shipping and civilian crews freely navigating a vital international waterway,” CENTCOM said.
President Donald Trump defended the operation on Wednesday, writing on Truth Social: “This is in retribution for yesterday’s bombing of ships by Iran. If it happens again, it will get much worse.”
Trump says ceasefire agreement is effectively over
While attending the NATO summit in Ankara, Trump said he believed the memorandum of understanding signed with Iran to halt the fighting had effectively collapsed.
Asked whether the agreement remained in force, Trump replied:”It’s a very interesting question. To me, I think it’s over. I don’t want to deal with them.”
He later added that even if another agreement were reached, he doubted Tehran would honour it.
Despite the renewed military exchanges, Trump said he did not expect the confrontation to develop into another prolonged war.
“Anything that happens is going to be over very quickly… and will only make it safer, including for oil,” he told reporters.
Iran vows continued retaliation
Iranian officials condemned the latest U.S. military operation as another breach of understandings reached after the ceasefire.
Parliament Speaker Mohammad Baqer Qalibaf warned Washington that future attacks would receive a military response.
“The U.S. has yet to learn that bullying and breaking its commitments no longer come without a cost,” he wrote on social media.
“The Strait of Hormuz will be reopened only under Iranian arrangements, not through U.S. threats.”
Oil markets remain on edge
Oil prices retreated on Thursday after jumping sharply a day earlier, as traders assessed whether the latest fighting would significantly disrupt Gulf energy exports.
Shipping also remains under close watch.
One of the vessels struck this week the Qatari LNG tanker Al Rekayyat remains stranded off Oman after suffering an engine-room fire following a projectile strike.
Industry sources said its liquefied natural gas cargo appears secure and that the immediate risk of explosion remains low.
Future outlook
The latest exchange of strikes has significantly weakened confidence in the U.S.-Iran ceasefire, even if neither side appears ready for a return to full-scale war.
Attention is now focused on whether further attacks occur around the Strait of Hormuz, where any prolonged disruption could quickly tighten global energy supplies and drive oil prices higher.
Diplomatic efforts led by Gulf states are likely to intensify, but Trump’s declaration that the interim agreement is “over” and Iran’s vow to continue retaliating have raised doubts over whether negotiations can still produce a lasting settlement.
“Total revenues for the year were $149 million” and Elite delivered “operating income was $49 million” while “operating cash flow this year was positive $23.7 million,” CFO Carter Ward (CFO Carter Ward) said, adding that cash was “$29.8 million” and “long-term debt was
Seeking Alpha’s Disclaimer:This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
Iranian Foreign Minister Abbas Araghchi (L) and Iraqi Foreign Minister Fuad Hussein hold a joint press conference following their meeting at the Ministry of Foreign Affairs in Baghdad, Iraq, on Sunday. Photo by Ceerwan Azeez/EPA
June 28 (UPI) — The Iranian military launched fresh attacks at U.S. sites in Bahrain and Kuwait on Sunday morning amid an escalation of violence that threatens a fragile peace agreement.
Bahraini and Kuwaiti government sources said each intercepted attacks from Iran, including two ballistic missiles in Kuwait’s airspace. Bahrain said one of the strikes damaged a residential building near an international airport, The Guardian reported.
The renewed violence came after an Iranian drone struck a Singapore-flagged cargo ship while transiting the Strait of Hormuz on Thursday. The U.S. military accused Iran of also striking a Panama-flagged tanker carrying oil on Saturday.
The United States responded Saturday with its own attacks targeting Iranian drone sites. U.S. Central Command said the strikes were “in direct response to continued Iranian aggression against commercial shipping.”
President Donald Trump announced the U.S. strikes in a post on Truth Social that also threatened further violence against Iran. He accused the country of violating a memorandum of understanding that both he and Iranian President Masoud Pezeshkian signed earlier this month.
“It is very possible that they will never learn!” Trump wrote of Iran.
“There may come a point when we are no longer able to be reasonable, and will be forced to militarily complete the job that we very successfully started. If that happens, the Islamic Republic of Iran will no longer exist!”
Shipping via the Strait of Hormuz largely came to a halt in March after the United States and Israel launched attacks on Iran beginning Feb. 28. Iranian Foreign Minister Abbas Araghchi said Sunday that under the MOU signed June 17, Iran is the sole country responsible for managing the strait.
He warned the United States against interfering in shipping through the waterway, the Times reported. He said that further interference could delay the full reopening of the strait.
“Under the memorandum of understanding, no other entity or country has any responsibility in this regard,” he said at a news conference in Baghdad.
A missile identified as “Khorramshahr-4” was on display during a public rally in Tehran’s Enghelab Square on April 21, 2026. Photo by Behnam Tofighi/UPI | License Photo
President says his country will readmit genuine nationals but insists Europe must first verify deportees’ identities.
Published On 26 Jun 202626 Jun 2026
Mogadishu, Somalia – The European Union has imposed visa restrictions on Somali citizens, escalating a dispute with Mogadishu over the return of Somalis living in Europe illegally.
The bloc’s member states approved the measures on Thursday, acting on a report that Somalia was not doing enough to take back nationals who had been refused the right to stay.
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Somalia’s President Hassan Sheikh Mohamud pushed back, saying his government would readmit its citizens, but said that many returnees were not Somali nationals.
“We haven’t rejected our people; they own this country. And we cannot reject them,” the president said at an Independence Day event on Thursday, adding that Somalia had “questions about how those people would be returned.”
People across the Horn of Africa share a similar appearance, he said, and some present themselves as Somali to claim asylum in Europe. He pointed to past cases in which individuals sent back as Somalis turned out not to be, including some who “don’t know the Somali language.”
“If they are Somali, then we’ll take them. If they aren’t, we’ll help you find out where they are from, and you can send them there,” Mohamud said.
The pressures driving people to leave are rooted in decades of upheaval.
Somalia is still rebuilding after the collapse of its central government in 1991 and the long civil war that followed.
Recovery efforts have been stifled by the ongoing armed rebellion of al-Shabab, an al-Qaeda-linked armed group that has waged deadly attacks since 2006.
Those conditions have pushed many young Somalis to attempt the dangerous journey to Europe, often through Libya, where migrants have faced detention, extortion and violence.
The prime minister regularly handled such cases, Mohamud said, adding that Somali embassies had been instructed to help citizens return.
Magnus Brunner, the bloc’s migration commissioner, said countries of origin had to meet their commitments “otherwise, there can be consequences.”
A European Commission assessment concluded that Somalia’s cooperation on readmission was insufficient.
Under the new rules, member states can no longer issue multiple-entry visas to Somalis, and the fee waiver for holders of diplomatic passports has been removed. The standard processing time for visa applications has also been extended from 15 to 45 days.
The suspension has no fixed end date and is intended as leverage to push Mogadishu towards closer cooperation.
Somalia now joins a short list of countries hit with such measures.
The EU imposed similar restrictions on The Gambia in 2021 and Ethiopia in 2024, lifting the Ethiopian curbs in May after deciding cooperation had improved.
The visa restrictions add to a run of setbacks for Somali travellers.
The United States imposed a sweeping travel ban in 2025, after President Donald Trump returned to office, covering citizens of a dozen countries, including Somalia.
The policy drew attention this month when Omar Abdulkadir Artan, named Africa’s referee of the year in 2025, was denied entry to the US and couldn’t officiate at the World Cup, despite holding a valid visa.
The standoff comes as the EU tightens its wider approach to migration, pursuing return centres beyond its borders and faster deportations for people refused the right to stay.
The Nuri space rocket, carrying 13 satellites, takes off from Naro Space Center in Goheung, South Korea. Photo by YONHAP/ EPA
June 25 (Asia Today) — South Korea is preparing to conduct the fifth launch of its homegrown Nuri rocket in September as the government moves to expand launch infrastructure and accommodate growing commercial demand.
Taeseog Oh, administrator of the Korea AeroSpace Administration, said Wednesday that the agency plans to convene a launch management committee in early August to set the final launch date.
“At this point, we expect the launch to take place in September,” Oh said during a news conference at the agency’s headquarters in Sacheon, about 190 miles southeast of Seoul.
Assembly of the rocket’s individual stages is expected to be completed this week. Full assembly of the three-stage launch vehicle is scheduled to begin next week.
After the fifth launch, the agency plans to begin upgrading the Naro Space Center in Goheung, South Jeolla Province, which has handled South Korea’s major space launches.
“The supplementary work required under the Naro Space Center modernization project is moving forward,” Oh said. “The project is currently undergoing a preliminary feasibility review, and work is expected to begin next year.”
The agency is also planning a second national space center to meet an expected increase in government and commercial launches and support future launch vehicles.
Oh said South Korea plans to begin the second space center project in 2028 and establish infrastructure capable of supporting reusable launch vehicles by the mid-2030s.
“A reusable launch vehicle requires not only a launch site but also a landing site,” Oh said. “By the mid-2030s, we intend to secure future-oriented launch infrastructure capable of operating reusable vehicles.”
The agency began accepting applications Monday from local governments seeking to host the center. A final candidate site is expected to be selected in October.
Oh said some South Korean companies have reported difficulty securing launch slots from U.S. companies such as SpaceX because of rising global demand.
“We will work to establish conditions in which satellites developed domestically can be launched aboard our own launch vehicles,” he said.
The agency also plans to upgrade the existing Naro Space Center while developing the second facility.
The expansion is intended to support more frequent satellite launches, newly developed launch vehicles and the reusable rocket South Korea aims to develop by 2035.
Oh also emphasized the need to increase government investment as the country seeks to shift toward NewSpace, an industry model driven more heavily by private companies.
The government is reviewing the agency’s budget proposal for next year.
“The government recognizes the importance of the aerospace budget, and we will work to expand it,” Oh said.
“In South Korea, even the government-led Old Space model was not sufficiently developed,” he said. “Government investment and private-sector participation must occur simultaneously for an aerospace industry ecosystem to take shape.”
“Thank you, Jeni, and a heartfelt thank you to Team FedEx for a very strong finish to FY ’26, a year of tremendous value creation,” said CEO Rajesh Subramaniam, highlighting that Network 2.0, Tricolor and Europe initiatives drove
Seeking Alpha’s Disclaimer:This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
Interest in expanding the role of the JDAM-ER as a bunker buster is tucked away in a section of the Pentagon’s proposed 2027 Fiscal Year budget covering requested funds for the Defense Threat Reduction Agency (DTRA). DTRA is a multi-faceted organization focused on responding to Weapons of Mass Destruction (WMD) threats. Since deeply buried and otherwise hardened facilities are often tied to WMD programs, a key area of the agency’s work is helping devise new and improved ways to hold those targets at risk. A prime example of this is the key role DTRA played in the development of the 30,000-pound-class GBU-57/B Massive Ordnance Penetrator (MOP) bunker buster bomb.
Now, DTRA wants to “evaluate current hard target defeat capabilities with 2000lb Joint Direct Attack Munition Extended Range (GBU-64 JDAM-ER) and provide recommendations on future JDAM-ER development to enhance HDBT penetration capabilities,” according to Pentagon budget documents.
A JDAM-ER seen in flight gliding during a test. RAAF
GBU-64/B is the formal designation the U.S. military has given to the 2,000-pound-class JDAM-ER. As is the case with standard JDAMs without supplemental wings, the JDAM-ER is a kit that turns various types of unguided bombs into ‘warheads’ for the resulting precision-guided munitions. Additional versions of the JDAM-ER kit are available for use with 500-pound and 1,000-pound-class bombs.
Prime contractor Boeing has said that the BLU-109/B bunker-buster bomb can be combined with the JDAM-ER kit, but it is unclear if that configuration is already in operational U.S. service. At the time of writing, the GBU-64(V)1/B still looks to be the only subvariant officially confirmed to be in use anywhere across the U.S. military. The GBU-64(V)1/B uses the Mk 64 Quickstrike air-dropped naval mine as its warhead. There is also a 500-pound-class GBU-62(V)1/B, which pairs a JDAM-ER kit with the smaller Mk 62 Quickstrike mine. You can read more about these versions, also called Quickstrike-ERs, here.
A now-dated Boeing briefing slide from 2017 mentioning testing of BLU-109/B with the JDAM-ER kit. Boeing
B-52 Deploys Quickstrike-ER Naval Mines (2019 OP TEST)
It’s not clear whether bunker-buster JDAM-ERs are in inventory today outside of the U.S. military, either. Versions of the JDAM-ER using general-purpose high-explosive bombs as warheads have been in service at least in Australia and Ukraine for years now.
A JDAM-ER with a general-purpose high-explosive ‘warhead’ under the wing of a Ukrainian MiG-29. via X A JDAM-ER under the wing of a Ukrainian MiG-29 offering a good look at the specialized pylon used to employ these weapons from those aircraft, as well as Su-27s. via X
Missiles delivery systems are being removed from the B1 Lancers at RAF Fairford this afternoon, to be replaced by JDAM bombs. For those asking, the US Airforce has positioned these aircraft close to the fence in full view of media. @AJENewspic.twitter.com/fWtDRfV5g4
A US Air Force F-15E Strike Eagle on its way to strike targets in Iran with a load of 2,000-pound-class JDAMs with bunker buster ‘warheads.’ CENTCOM
If it has not been put into U.S. service already, a 2,000-pound-class JDAM-ER would offer clear benefits when configured as a bunker buster, in general. Depending on how it is released, a standard JDAM can hit targets up to 15 miles away, according to the U.S. Air Force. With the wing kit, JDAM-ERs have a maximum reach of roughly 45 miles, though the exact range is also dependent on release altitude and flight profile. As noted, being able to release bunker buster bombs further away from the target can help reduce risks to the launch platform.
The additional drag of the JDAM-ER wing kit could also reduce the bomb’s kinetic energy, which is important for bunker-busting. It is possible that the bombs could be programmed to glide to a certain point above the target before diving onto it for maximum effect.
At the same time, the gliding capabilities of a JDAM-ER open the door to additional operational possibilities enabled by low-angle attack profiles. Being able to focus the effects of a bunker buster bomb directly on the side of a structure rather than at steeper angles from the top could offer major benefits.
Furthermore, it would be possible to get the bombs deeper down inside the entrance tunnels and through the sides of other fortified structures, magnifying the warhead’s effectiveness. Lobbing precision-guided bombs into tunnels and cave entrances is already a well-established tactic, and one that can hamper access to underground targets that might otherwise be unreachable. This is something we will come back to in a moment. Striking dams, bridge pylons or even ships in port, among other targets, at shallow angles, would also be a new weaponeering option for heavy bunker buster warheads not often found on cruise missiles.
What further enhancements might emerge as a result of the JDAM-ER bunker-buster testing DTRA has planned remains to be seen. As an aside, the U.S. military also looks set to field a jet-powered derivative, called the GBU-75/B JDAM-LR, which features even greater range, as you can learn more about here.
A New Era for Precision Strike: JDAM LR Completes Milestone Test Flights
The U.S. Navy has successfully demonstrated the new JDAM Long Range variant, marking a huge step in bringing affordable, long-range standoff capabilities to the Carrier Air Wing.https://t.co/GvMomaPnSppic.twitter.com/cNgEgnZGXy
With all this in mind, DTRA’s budget request notably includes a separate mention of plans to “conduct R&D [research and development] in ‘skip’ bombing capability to develop new tactics and weaponeering options,” which could help in “enabling deeper access for penetrating weapons.”
Skip bombing specifically involves releasing munitions in a way so that they bounce off the ground or the surface of a body of water. This sends them further forward on a flatter trajectory that can be beneficial in various scenarios. The core tactic here is decades old now. British bombers famously used bombs specially designed for skip bombing attacks against German dams during World War II. During the war, skip bombing was also heavily used when attacking ships, especially by U.S. military aircraft in the Pacific Theater. Doing this could help ensure more serious hits on a target’s hull near the waterline.
Improved skip bombing tactics could be paired with new precision-guided bunker busters, including versions of the GBU-64/B, for further increased effect. Being able to penetrate deeper into tunnel entrances and other weak spots on the ground could create additional complications for an opponent trying to dig out key assets afterward.
NEW: Comprehensive Imagery Report on Nuclear Enrichment Related Sites, Post-April Ceasefire
Following the ceasefire between Iran, the United States and Israel established in early April 2026, we have continued to monitor key sites related to Iran’s nuclear program. In this… pic.twitter.com/wkb9Pr2diY
NEW passive defense measures taken at Fordow: Between May 10 and May 18th, Iran added passive defensive measures in the shape of earthen/rocky mounds and other objects on the roads leading to the tunnel entrances of the destroyed Fordow underground enrichment plant. The alternate… pic.twitter.com/odAISoPr1D
IRAN NUCLEAR UPDATE: Possible NEW Passive Defensive Measures Noted at Pickaxe Mountain
Based upon newly available satellite imagery of the Pickaxe Mountain underground complex, just south of the Natanz Nuclear Complex, it appears that as early as April 22nd, the two eastern… pic.twitter.com/KGAhBkLks8
While U.S. bunker-busting strikes on targets in Iran have been front-and-center in recent months, the new capabilities that DTRA is interested in would be applicable in conflict scenarios, as well. There’s something of a global trend, especially among America’s adversaries and competitors, toward more underground and/or hardened facilities. China, Russia, and North Korea, in particular, all have significant and still-expanding networks of subterranean military infrastructure, including air and naval bases, missile silos, command and control bunkers, and more.
This, in turn, has already been driving the U.S. military to pursue other new bunker-busting capabilities. These efforts are known to include a conventional Next Generation Penetrator (NGP) successor to the MOP and a new nuclear bunker buster bomb referred to currently as the Nuclear Deterrent System-Air-delivered (NDS-A). The U.S. military has also added a new conventional 5,000-class bunker buster bomb, the GBU-72/B, to its arsenal in recent years.
Bunker-buster versions of the JDAM-ER would offer valuable additional options for U.S. commanders at the lower end of the capability spectrum, if they haven’t already entered service to a degree.
EastEnders spoilers for next week sees tensions simmer for Suki and Eve Panesar-Unwin, as they feud with ruthless Nicola Mitchell, while Bea Pollard targets Billy Mitchell
Israeli attack reportedly kills one person in central Gaza’s Bureij camp, as a disabled Palestinian is shot in the West Bank.
Published On 13 Jun 202613 Jun 2026
Israeli forces have carried out a deadly attack in a refugee camp in central Gaza, according to Palestinian media reports, as casualties continue to mount in the enclave despite a “ceasefire” declared months ago.
The Israeli drone attack in the Bureij camp on Saturday killed one person and injured two others, reported the Wafa news agency.
The Palestinian Information Center identified the person killed as Muawiya al-Aydi, a local municipality worker.
Further north, a separate Israeli attack injured a person at a gathering in Gaza City’s Tuffah neighbourhood, according to Wafa.
Despite a ceasefire technically in effect since October, Israel’s military has regularly attacked Gaza, over half of which is under Israeli military control in defiance of the ceasefire’s terms.
According to Gaza’s Health Ministry, at least two Palestinians have been killed and 11 injured in Israeli attacks on the enclave in the past 48 hours.
The ministry said 983 people have been killed and 3,122 injured in Israeli attacks since the ceasefire was declared.
Hamas has accused Israel of repeatedly violating the agreement through its continued attacks and by shifting the so-called “Yellow Line” that demarcates Israeli-controlled areas in Gaza.
“Israeli actions reflect its unwillingness to implement the ceasefire agreement and aim to blow up the negotiation track and thwart the efforts being made, while continuing escalation to serve political and electoral considerations,” said Hamas spokesman Hazem Qassem on Friday.
Disabled Palestinian shot, injured in West Bank
Israeli troops also carried out a series of violent raids in the occupied West Bank on Saturday, part of a pattern of near-daily operations since the Hamas-led attacks on Israel on October 7, 2023.
According to Wafa, Israeli forces deployed stun grenades and tear gas during two separate incidents near Bethlehem, causing numerous injuries: one during a raid on the Dheisheh refugee camp and the other while blocking access to the Solomon’s Pools reservoirs.
A disabled Palestinian man was also shot and injured in the town of Duma, near Hebron.
Wafa said Israeli forces shot the man, while Israeli media cited Israeli police as saying an Israeli settler was responsible. According to Israeli police, the settler felt threatened by the man who was carrying a rock.
Other Israeli settlers attacked Palestinians and vandalised property near Bethlehem, including assaulting Palestinian electrical workers and stealing water pipes, said Wafa.