CMR is the leading provider
of funding and management
support for small to
medium-sized businesses and
entrepreneurs
Established 1984 C MR
is the leading venture
capital, management
support and business
services provider for
small to medium-sized
businesses - linking
excellent management
skills with the
substantial financial
resources of a global bank
of private investors.
CMR has over 450 senior
executives, operating
in the UK, USA, Europe, Asia,
Australasia and
globally,
providing both funding and
specialist help for
entrepreneurial
businesses .
For Businesses
CMR provides excellent
resources:
CMR FundEX Business Exchange - gives all companies & entrepreneurs direct access to CMR's global investor base.
CMR Catalyst Group
Programme -
transform
profitability through
merging.
CMR Company Sales Division helps owners to exit
at the best price.
CMR Corporate Recovery
Division -
experts in rescue and
turnaround.
CMR Technology Licensing
Division -
commercialising
innovation.
CMR Executive
Professionals - management support
and consultancy.
CMR Executives-on-Demandâ„¢ Fully experienced
senior executives
available quickly and
cost effectively.
We always welcome
contact with new
business clients- please get in touch
- we will do our
best to match
your needs and exceed
your expectations.
For Investors
Preferential access to new opportunities for investment and/or acquisition
P re-vets
propositions and
provides a
personalised service
to our investors
Syndication service
enabling investors to
link together as desired
Executive and
management support for
investments as needed
CMR's services to
our investors are not
only fast & efficient
but also free
W e
always appreciate new
members- you are welcome
to join as an investor
or as a CMR Executive.
When you
join us as a Senior
Executive:
CMR's strength is in the
skills and experience of
our executive members -
all senior, director level
people with years of
successfully running and
managing companies.
Because the demand for
CMR's support and services
is ever-increasing,
especially as we enter
recessionary times, we
have a growing need for
more high calibre
executives to join us from
every industry and
discipline.
You will be using your
considerable experience to
help smaller businesses
and entrepreneurs to grow
profitably.
We offer full training
and mentoring support to
help maximise potential.
We are
always keen to find more
high calibre senior
executives in all areas-
skills and location.
Make contact with us today
and maximise your
opportunities.
HEAD
OFFICE
124 City Road
London EC1 2NX
Tel: +44 (0)207-636-1744
Fax:+44 (0)207-636-5639
Email: cmr@cmruk.com
Registered Office:
124 City Road ,
London EC1 2NX
Also Glasgow,
Dublin, Switzerland, Europe, USA/Canada
Privacy Statement: CMR only
retains personal details
supplied directly by executives
joining CMR themselves either as
Full Executive Members or
Interim Management Members or
Investors. Those details are
only used within CMR and not
disclosed to any third parties
without that person’s
agreement. We will keep that
data until requested by the
person to be removed – at that
point it will be deleted.
Personal data is never sold or
used for purposes outside of
CMR’s normal operations. Any
correspondence should be
directed to the Managing
Director, CMR,
Kemp House,
152-160 City Road, London EC1V
2N
Senior Executives
CMR is a worldwide network of senior executives. Join us to expand your career and business horizons.
Business Entrepreneurs
CMR has a complete range of resources & services provided by experts to help all businesses to grow and prosper.
Investors & Venturers
CMR has a continuous stream of business and funding propositions, which are matched to investor preferences. Join us - it's FREE!
FundEX
FundEX is CMR's worldwide stock market for small to medium sized companies and entrepreneurs to raise new capital.
Interim & Permanent Management
Many of CMR's executives can be recruited on an interim, permanent or NED basis.
Login
Main CMR Intranet members only
Regional Intranets
Sun, 09 Aug 2026 17:25:00 +0000 Seattle Mayor Targets 'Surveillance Pricing' At Grocery Stores
Seattle Mayor Targets 'Surveillance Pricing' At Grocery Stores
Seattle leaders are moving forward with a first-of-its-kind proposal aimed at preventing grocery retailers from using consumers' personal data to charge different prices
Read more.....
Seattle Mayor Targets 'Surveillance Pricing' At Grocery Stores
Seattle leaders are moving forward with a first-of-its-kind proposal aimed at preventing grocery retailers from using consumers' personal data to charge different prices for the same products.
The ordinance, backed by Mayor Katie Wilson and City Councilmembers Alexis Mercedes Rinck and Dionne Foster, would prohibit large grocery chains from using information such as browsing history, social media activity, employment status, race, gender, or chatbot interactions to personalize prices, according to Wilson's website .
Instead, retailers would be required to publicly display uniform prices while still allowing traditional discounts for seniors, veterans, loyalty programs, and other transparent promotions.
"This policy stops corporations from using personal data to squeeze more money out of shoppers," Wilson said. "The same product, in the same store, should cost the same no matter who's pushing the cart."
The announcement on Wilson's site says that the measure is designed to curb AI-driven price discrimination as grocery costs continue to rise. The proposal follows a Consumer Reports investigation that found Instacart tested AI pricing systems that charged different customers different prices for identical grocery items. It also comes after Washington's attorney general sued Albertsons over allegedly misleading "buy one, get one" promotions that did not actually reduce prices.
Councilmember Rinck argued the legislation would establish "guardrails" around how retailers use customer data, particularly as many households face higher food costs and reduced SNAP benefits. Foster added that consumers "shouldn't have to wonder whether they're being charged extra because of an algorithm."
Labor and privacy advocates also praised the proposal. UFCW 3000 President Faye Guenther accused grocery companies of pursuing "AI-powered surveillance pricing tech" to create "fake discounts," while privacy advocates said the ordinance would help prevent algorithmic price discrimination before the practice becomes widespread.
If approved, Seattle would become the first U.S. city to adopt rules specifically banning the use of sensitive personal data to set individualized grocery prices.
Tyler Durden
Sun, 08/09/2026 - 13:25 Close
Sun, 09 Aug 2026 16:50:00 +0000 UK Police Literally Have An 'Elite Squad' To Flag Spicy Social Media Posts...
UK Police Literally Have An 'Elite Squad' To Flag Spicy Social Media Posts...
UK Police Literally Have An 'Elite Squad' To Flag Spicy Social Media Posts...
Authored by Steve Watson via Modernity News ,
Britain's latest free speech assault is underway.
An elite police unit set up by the Labour government has already flagged more than 100 social media posts to local forces, monitoring online "protest related activity" in a move critics brand a sinister step toward state control of speech.
The National Internet Intelligence Investigations team, created in the wake of the 2024 Southport riots, began operations in February. Freedom of Information figures obtained by the Telegraph and reported today show it has made 106 referrals of "suspicious" posts to forces across the country.
In June alone, 50 of those referrals came as public anger boiled over in Southampton after police bodycam footage exposed officers handcuffing dying teenage murder victim Henry Nowak while accepting a false complaint of 'racism' from his Sikh killer.
When the unit was first announced, then policing minister Dame Diana Johnson described it as "a dedicated function at a national level for exploiting internet intelligence to help local forces manage public safety threats and risks."
The National Police Coordination Centre claims the squad "supports policing's understanding of protest-related activity in the online environment by developing a broader picture of emerging, potential risks."
Its remit, officials say, focuses on "providing strategic insight and improving awareness of protest-related developments that may have relevance to policing."
Reform UK leader Nigel Farage commented "This is the beginning of the state controlling free speech. It is sinister, dangerous and must be fought."
Police have refused to disclose which posts were flagged, citing exemptions around crime prevention. The pattern is clear enough. The unit was born from the Southport disorder that followed the murders of three girls by Axel Rudakubana.
VIDEO
In the information vacuum, online discussion of the attacker's background and wider immigration failures was blamed for fanning unrest. Now the same apparatus is trained on any online activity that might signal public discontent with official narratives.
This new monitoring squad slots neatly alongside the Home Office's long-running Research, Information and Communications Unit - RICU - a shadowy "thought police" operation exposed for controlling the mass migration narrative. That unit has intervened after migrant attacks, including the Henry Nowak murder, to shape family statements, briefed police to portray protesters as unsympathetic thugs rather than citizens with grievances, and treated online criticism of immigration policy as a threat requiring behavioural change.
It also sits on top of a growing machinery of digital control that has already turned Britain into a global outlier for speech arrests.
In 2024 alone, nearly 10,000 people were arrested for "grossly offensive" social media posts under communications laws - an average of 30 arrests a day. Some forces clocked rates 20 times higher than others.
Violent offenders were released early to free up cells for those jailed over online comments.
The machinery has been building for years. In 2024, a man was arrested simply for posting "anti-establishment rhetoric" after the riots. Authorities prioritised thought crime over street crime, even as prisons filled with people whose only offence was typing the wrong words.
The Online Safety Act handed regulators sweeping powers to force platforms to remove "harmful" content under threat of massive fines.
Critics called it a censor's charter from the start. Government units that once hunted lockdown dissenters pivoted to monitoring mass migration critics.
London Mayor Sadiq Khan openly called for a dedicated government social media disinformation unit.
The trajectory is consistent: expand the definition of threat, then expand the surveillance.
Layer on mandatory digital ID and biometric tracking, age verification systems that end online anonymity, and proposals that treat social media access itself as a privilege granted by the state.
What begins as "protecting the public from protest risks" becomes a permanent apparatus for mapping, flagging, and suppressing dissent.
Authoritarianism does not need tanks in the streets. It arrives with a login and a national internet intelligence team.
The 106 flagged posts are not the end. They are the proof of concept. An elite unit now sits at the centre of British policing with a mandate to scan the public conversation for signs of discontent and feed those findings to local forces.
The official language is careful. The practical effect is a standing capability to treat online speech as a public order threat.
Free expression does not survive that environment for long.
The only question left is how many more posts, how many more referrals, and how many more arrests will be required before the public refuses to accept the new normal.
Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch . Follow us on X @ModernityNews .
Tyler Durden
Sun, 08/09/2026 - 12:50 Close
Sun, 09 Aug 2026 16:15:00 +0000 Lake Mead Hits Lowest Level On Record Amid Decade-Long Western Drought
Lake Mead Hits Lowest Level On Record Amid Decade-Long Western Drought
Lake Mead, the nation’s largest reservoir by storage capacity, has fallen to its lowest level on record as a drought throughout western states continues.
Read more.....
Lake Mead Hits Lowest Level On Record Amid Decade-Long Western Drought
Lake Mead, the nation’s largest reservoir by storage capacity, has fallen to its lowest level on record as a drought throughout western states continues.
Bureau of Reclamation data indicate that the reservoir’s surface elevation rose to 1,040.50 feet above sea level on Thursday, below the previous low of 1,040.58 feet set in July 2022 , when the lake first fell to a low following years of drought.
Hoover Dam forms Lake Mead along the Colorado River on the Nevada-Arizona border, and holds water for approximately 40 million people in seven Western states, as well as parts of Mexico. In addition, Lake Mead generates hydropower for customers in California, Arizona, and Nevada, which is threatened by the falling water levels.
As Kimberley Hayek reports for The Epoch Times, the Colorado River Basin has been in a so-called megadrought for more than 20 years.
In 1999, Lake Mead was near capacity, but by 2022 its surface had fallen by nearly 176 feet after a period that is the driest on record throughout many parts of the West.
Southern Nevada gets nearly 90 percent of its water from Lake Mead, and the Southern Nevada Water Authority has long viewed the Colorado River allotment as its largest and most critical resource, leading to conservation efforts over the years that have slashed per-person use going back to the early 2000s, and nearly all indoor water is recycled.
When Lake Mead first fell below 1,075 feet in 2021, federal officials declared a Level 1 shortage, and further declines prompted deeper cuts. Nevada’s share of the river has fallen by billions of gallons over the course of several years.
Hoover Dam also produces thousands of gigawatt-hours of electricity annually.
At Glen Canyon Dam on Lake Powell, Lake Mead’s companion reservoir, the level was 3,521 feet on Thursday, down nearly 33 feet from a year ago.
Electricity production becomes infeasible once the surface falls to 3,490 feet and below.
Both lakes still operate despite being well below the elevation levels needed for reliable power and storage.
Population growth has also added to the pressure .
Nevada ranked near the top of states for growth in recent years, and Southern Nevada is home to approximately 70 percent of the state’s residents.
Lake Mead National Recreation Area attracts millions of visitors each year for a range of activities, including boating, fishing and hiking.
Low water has exposed once submerged features, such as the ruins of the town of St. Thomas. There is also a World War II-era B-29 bomber that was submerged in the lake after crashing almost 70 years ago .
Tyler Durden
Sun, 08/09/2026 - 12:15 Close
Sun, 09 Aug 2026 15:40:00 +0000 The Democrat Embrace Of Islamo-Socialism Is Party Suicide
The Democrat Embrace Of Islamo-Socialism Is Party Suicide
The Democrat Embrace Of Islamo-Socialism Is Party Suicide
Authored by David Sultzer via AmericanThinker.com,
The Democrat party leadership—sensing its mortal danger from a very well-organized and radicalized Islamo-socialist movement—is trying to stay afloat, claiming that the Democrat Party is a “big tent” where the socialists can find a welcome home:
But ironically, as the “big tent” expands, the number of constituencies inside the tent shrinks.
The traditional power bases of the Democrat party, the working class and minorities, are not part of the Islamo-socialist movement. Instead, the “socialist” part is comprised almost uniformly of downwardly mobile, white college-credentialed losers.
All members of the Democrat leadership, without exception, can see the danger to them from the Islamo-socialist movement, as well as the danger to their traditional constituencies—and, for that matter, to our constitutional experiment now 250 years old. Most, as epitomized by Chuck Schumer, are willing to sacrifice the country and appease the Islamo-socialist crocodile, hoping it will eat them last.
Others, such as Julian Epstein, writing today at the NY Post , are sounding all the alarm bells, namely, that such appeasement is not merely “a recipe for moral decay,” but “for political suicide” as well:
Democrats aren’t coddling Scandinavian-style socialists; they’re getting into bed with a nihilistic, deconstructionist brand of third-worldism.
It’s an ideology that seeks the elimination of prisons , policing, borders, the Senate, the presidency, the Supreme Court and democratic free markets.
A worldview that aligns with genocidal jihadist movements like Hamas.
This is, Epstein says, fracturing the party “as working-class voters flee an increasingly toxic Democratic brand [and] the party’s newfound embrace of anti-American extremists is likely to produce big losses nationally...”
Moreover, as to the socialist dreams of Bernie Sanders, Epstein criticizes it as a “delusion that attaches no importance to generating wealth—and only cares about redistributing it.”
Epstein ultimately opines that the rise of the Islamo-socialist movement is part of a bigger problem for Democrats:
[T]hat post-modern liberalism is failing . The more we spend on the welfare state, it seems, the worse the outcomes.
It is a fascinating essay , well worth the read. And as Epstein concludes.
“Democrats can’t run from this lunacy in November.”
And naturally, Victor Davis Hanson gets it:
Tyler Durden
Sun, 08/09/2026 - 11:40 Close
Sun, 09 Aug 2026 15:05:00 +0000 Apple Tests Chinese Memory Chips As Supply Crunch Pushes PC Giants Toward CXMT
Apple Tests Chinese Memory Chips As Supply Crunch Pushes PC Giants Toward CXMT
After months of lobbying the Trump administration for clearance to purchase Chinese memory chips, Apple appears to be nearing the point where it
Read more.....
Apple Tests Chinese Memory Chips As Supply Crunch Pushes PC Giants Toward CXMT
After months of lobbying the Trump administration for clearance to purchase Chinese memory chips, Apple appears to be nearing the point where it can tap China's domestic chip market . The push follows what the iPhone maker has described as "unsustainable " pricing from the memory "cartel," namely SK Hynix, Samsung, Micron, and SanDisk, whose production has been soaked up by unprecedented demand from hyperscalers.
The Wall Street Journal reported Sunday morning that Apple is closer than ever to using memory chips from CXMT, a Chinese company that the Pentagon has put on a blacklist because of alleged connections to the People's Liberation Army.
Apple is currently testing CXMT memory chips across its product portfolio, including iPhones and MacBooks, according to the report.
The report continued:
Apple has held early talks with CXMT about supplying components with the goal of using them in some devices sold in China, the people said. Apple hopes to win the White House's blessing to do business with the Chinese company.
Apple is raising prices on its products globally, blaming the rising cost of memory chips because of high demand from AI companies. Getting access to Chinese supplies could help the iPhone maker ease its crunch.
As we've covered, the iPhone maker has been waging a lobbying campaign to secure the White House's blessing in order to ease the financial pressure from soaring memory chip prices. A recent FT report said that Apple approached the Commerce Department earlier this summer about procuring Chinese memory chips.
Apple is not barred from buying chips from China's DDR giant CXMT or from YMTC , another Chinese memory chipmaker that focuses on NAND memory. YMTC has been aggressively growing its market share, has caught up with SanDisk, and is set to become the world's third-largest maker of flash memory as soon as this quarter.
However, US rules prevent Apple from ordering customized chips from CXMT but permit it to purchase off-the-shelf components and negotiate prices.
The WSJ noted that other device companies are seeking CXMT supplies:
Laptop makers HP and Acer have started using memory chips from CXMT in devices sold outside the U.S. to alleviate some of the memory supply strain, people familiar with the matter said.
We expanded on this last week:
Any agreement Apple inks with CXMT would risk immediate political resistance in Washington, where policymakers fear U.S. orders could strengthen CXMT. Its chip tech trails that of Samsung Electronics, SK Hynix, and Micron, while its production capacity is largely committed for this year.
However, CXMT is rapidly gaining ground. Its second-quarter revenue increased more than eightfold from the same quarter one year ago, lifting its global DRAM market share to 7%. CXMT completed a successful IPO last month (read note ).
Tyler Durden
Sun, 08/09/2026 - 11:05 Close
Sun, 09 Aug 2026 14:30:00 +0000 UN Sounds Alarm As Iran Steps Up Executions To Silence Dissent
UN Sounds Alarm As Iran Steps Up Executions To Silence Dissent
UN Sounds Alarm As Iran Steps Up Executions To Silence Dissent
Authored by Tom Ozimek via The Epoch Times,
The United Nations human rights chief has expressed alarm over a sharp increase in executions and death sentences in Iran, warning that authorities are using capital punishment to intimidate the population and suppress dissent.
“I am alarmed by the rise in executions and death sentences issued in Iran since March, and that capital punishment continues to be used to instill fear among the population and suppress dissent,” U.N. High Commissioner for Human Rights Volker Türk said in an Aug. 5 statement. source
Türk said that since March 19, at least 56 people have been executed on national security-related charges, including 27 in cases connected to protests earlier this year.
More than 100 others face possible execution on similar charges, while executions for drug-related offenses are also continuing at what he described as an “alarming rate.”
He raised concerns about alleged torture, forced confessions, closed-door proceedings, and the rapid execution of some defendants following their arrests.
“Persistent lack of fair trial and due process guarantees are deeply troubling,” he said.
Confessions were allegedly obtained through torture and other forms of ill-treatment, while several executions were reportedly carried out in public. Some defendants were executed only weeks after being arrested, according to Türk.
In one case, 12 defendants were sentenced to death following a single closed-door hearing lasting three hours, he said.
Separately, an independent United Nations fact-finding mission in July urged Iran to halt the executions of 10 men who participated in protests in Isfahan. It also condemned the July 19 executions of two other men sentenced in the same case.
In a statement, the mission called on Iran “to immediately halt all executions, including those of individuals convicted in connection with the protests, and establish a moratorium on the use of the death penalty with a view to its abolition for all crimes.”
Protests and War
The increase in executions has unfolded since the United States and Israel launched a bombing campaign against Iran in late February, following widespread anti-government protests in the country that began amid soaring inflation, economic hardship, and shortages.
The clampdown by the Iranian regime left thousands dead and thousands more detained, according to the United Nations, while Iranian authorities imposed an internet blackout that lasted for months.
Dr. Marjan Haghighi, an Iranian-Australian health professional and human rights advocate, said the increase appeared intended to discourage further opposition to the ruling regime in Iran in the wake of the January protests.
“Following those protests, I believe the authorities shifted from suppressing demonstrations in the streets to using executions to instill fear throughout society,” Haghighi told The Epoch Times in an emailed statement.
“Every new execution sends another message to society that dissent may carry the ultimate price,” she said.
Haghighi said Iran’s strict censorship makes independent reporting difficult and that many executions are never publicly announced.
“The true number of executions is significantly higher than what the world sees,” Haghighi said.
Iranian officials have previously rejected international criticism of the country’s human rights record while defending the use of capital punishment as lawful under Iranian law and necessary to protect public security.
Iran’s diplomatic mission to the United Nations did not respond to a request for comment by publication time.
People wade in the water with cargo ships at anchor in the background, in the Strait of Hormuz off Bandar Abbas, Iran, on June 30, 2026. Amirhosein Khorgooi/ISNA via AP
The surge in executions is taking place as the U.S.–Iran war is into its sixth month and Washington maintains military and economic pressure on Tehran.
President Donald Trump said on Aug. 6 that he believed the conflict would end soon, telling reporters that Iran could not sustain it much longer.
Trump said negotiations over reopening the Strait of Hormuz were progressing, although Iranian officials have denied that they are negotiating directly with Washington.
The United States has maintained its naval blockade of Iranian ports in order to compel Tehran to come to the table and agree to a negotiated settlement to the conflict.
Classicist and military historian Victor Davis Hanson said in recent commentary for The Epoch Times that Tehran appeared to be alternating between talks and attacks to delay a settlement and outlast the Trump administration politically.
Hanson opined that the shifting public negotiations obscured the mounting pressure inside Iran from the blockade, frozen assets, damaged infrastructure, and falling export revenue.
While critics contend that Washington risks becoming bogged down in a prolonged conflict, Hanson said the underlying conditions suggested that “Iran is running out of time.”
Trump has repeatedly said that months of U.S. strikes have decimated Iran’s military and that Tehran’s only remaining leverage is its ability to menace commercial shipping in Hormuz with naval mines and fast boats.
The U.S. president has threatened Iran with a vastly more intense and destructive wave of strikes if Tehran does not agree to a deal that would both reopen the strait and ensure that the regime never acquires nuclear weapons.
Tyler Durden
Sun, 08/09/2026 - 10:30 Close
Sun, 09 Aug 2026 13:55:00 +0000 Turkish FM Affirms Defense Pact With Pakistan, Saudi Arabia Is Same As NATO's Article 5
Turkish FM Affirms Defense Pact With Pakistan, Saudi Arabia Is Same As NATO's Article 5
World leaders have been reacting to the Friday signing of a major defense agreement between Saudi Arabia, Turkey and Pakistan in the Saudi city
Read more.....
Turkish FM Affirms Defense Pact With Pakistan, Saudi Arabia Is Same As NATO's Article 5
World leaders have been reacting to the Friday signing of a major defense agreement between Saudi Arabia, Turkey and Pakistan in the Saudi city of Makkah among their heads of state. It seeks to strengthen joint deterrence and expanding defense cooperation, the Saudi Press Agency said.
As we reported , it essentially a NATO-style agreement for the 'Muslim world' - given that it stipulates and formalizes that an armed attack on any of the countries will be treated as an attack against all of them .
Turkish Foreign Minister Hakan Fidan has on Saturday affirmed this in very clear terms - in case there were any doubts among pundits - describing that is indeed technically the same as NATO’s Article 5 mutual defense agreement.
Turkey's Foreign Minister Hakan Fidan, via Reuters
He told state Anadolu news agency that a committee of ministers similar to that within NATO would be formed to undergird the new alliance, with the establishment of general secretariat based in Saudi Arabia . This will be the tripartite pact's version of Brussels, it seems.
What's more is that "Egypt could potentially join the pact once certain technical matters are resolved," Fidan added .
Some are already seeing in this a kind of 'counter-Abraham accords' but which goes much further, given the military implications.
Will Washington ultimately back it and give its blessing?
Al Jazeera has provided the following commentary saying that the US will be okay with it so long as it does not become 'anti-Israeli' in its intent :
David Des Roches, an associate professor at the National Defense University’s Near East South Asia Center for Strategic Studies, has described the defence pact signed by Saudi Arabia, Turkiye and Pakistan as a good move that will be welcomed by the US.
“So long as it doesn’t metastasize into some sort of malign anti-Israel thing, which I think is a very remote possibility, I think it’s positive,” he told Al Jazeera.
The alliance would benefit from Turkiye and Pakistan’s robust defence industries, “a more advanced one in the case of Turkey, less advanced, more machine-age in the case of Pakistan”, he said.
Saudi Arabia, meanwhile, could help finance its two allies. “In both countries, the capacity exceeds their ability to pay for it, and they can’t really maintain national defence industries without a market,” said Des Roches.
The analyst added: "So there’s money, there’s markets, and there’s the possibility for advanced training and education. From an American perspective, if our partners have increased capacity, that's burden sharing . And that’s been the aim of successive American administrations since, really, the end of World War II."
But in the context of the US war on Iran, Iranian forces have attacked Saudi Arabia multiple times. If this happens again, would Pakistan and Turkey really directly intervene against Iran in an Article 5 fashion?
This scenario is highly doubtful, and Turkey and Iran even share a border which has long been fraught with tensions of its own, especially related to the Kurdish issue.
One thing is certain: this is definitely a Saudi move away from the Abraham Accords which Trump has long pushed for and not toward it. Turkey and Pakistan want to see a clearer divide between Israel and the Saudis and so are only too happy to present it that way.
Tyler Durden
Sun, 08/09/2026 - 09:55 Close
Sun, 09 Aug 2026 13:20:00 +0000 Europe Bets Billions On North Africa's Clean Energy Potential
Europe Bets Billions On North Africa's Clean Energy Potential
Europe Bets Billions On North Africa's Clean Energy Potential
Authored by Felicity Bradstock via OilPrice.com,
The EU’s T-MED initiative aims to mobilize billions of euros for renewable energy, hydrogen, clean technology, and electricity networks across the Mediterranean.
Morocco and Egypt are emerging as important partners as Europe invests in renewable generation, grid infrastructure, and potential subsea electricity connections.
Greater Mediterranean interconnection could give Europe access to abundant renewable resources while attracting investment and clean-energy jobs to North Africa.
Europe is deepening its ties with North Africa to develop stronger clean energy connections between the two regions in support of a green transition. The European Union and several European countries have invested in Morocco and Egypt in recent years to support renewable energy development in countries with favourable climate conditions for energy production. Over the coming decade, Europe and North Africa are expected to establish a stronger clean energy trade corridor that will help both regions decrease reliance on fossil fuels.
In June, the European Commission (EC) pledged almost $5.8 billion in renewable energy projects in the Middle East and North Africa (MENA) as part of its T-MED initiative, which it hopes will provide Europe’s grid with clean energy. The aim is to deploy solar panels in the Sahara Desert and wind turbines along the southern and eastern shores of the Mediterranean to produce clean energy in areas with optimal climate conditions. The electricity produced will be delivered to Europe’s grid via high-voltage transmission lines that run under the sea.
Much of Europe is already accelerating the expansion of domestic renewable energy capacity. However, investing in a region with more suitable weather conditions could help European countries transition away from fossil fuels even faster, to meet their electrification targets and climate pledges. The EC estimates that the MENA region has approximately 2,300 GW of renewable energy potential, which is over twice the EU’s current installed capacity. Solar and wind power can also be produced at between 30 and 40 per cent less cost than in Europe.
The hope is that the EU financing will encourage private funding of up to $29 billion by 2035 to support the growth of the MENA region’s renewable energy industry. This includes the development of solar and wind power, hydrogen, and electricity grids. However, to fully exploit its renewable energy potential, the EC estimates that MENA will require almost $115 billion in investment.
The EC expects more governments, development banks, project developers, and private investors to see the value of investing in the region. Meanwhile, it will encourage countries across MENA to simplify permitting procedures, improve grid access, and strengthen regulatory frameworks to encourage investment.
The European Commissioner for Energy and Housing, Dan Jørgensen, emphasised the need to invest in green energy in the face of ongoing geopolitical challenges that have led to energy shortages and driven fuel prices up.
“The EU’s bill for fossil fuel imports has increased by over €47 billion in the past 100 days, but not a single molecule of energy in addition,” said Jørgensen.
“Our energy security must be based on electrified energy systems that are based on clean energy, modern grids and increased connectivity,” he added.
This echoes a broader movement to diversify energy production to improve energy security in several parts of the world.
The EC intends for the initiative to lead to the development of at least 15 GW of new renewable-energy capacity by 2035, as well as to support the creation of over 100,000 jobs. It will also deepen the energy relationship between Europe and the MENA region. This is not Europe’s first clean energy investment in North Africa, but it may be the most ambitious.
In 2019, the EU and European Investment Bank invested €106.5 million in the development of the Noor Ouarzazate solar power complex, a 580 MW power plant located around 10 km north-east of the city of Ouarzazate. The project is expected to reduce carbon emissions by around 760,000 tonnes a year.
In June, the EU announced plans to deepen ties with Egypt by providing a financing package of up to $794 million to upgrade and expand Egypt’s electricity network . The package consists of a $690 million loan from the European Investment Bank’s development arm, EIB Global, and up to $104 million in EC grants.
Meanwhile, Germany has launched a $30 billion project known as Sila Atlantik with Morocco to develop what would be the world's ?longest intercontinental undersea power link. The aim is to connect Morocco and Germany via two high-voltage subsea cables to deliver up to 5 per cent of Germany’s annual electricity demand. However, the project has been delayed due to disagreements over structure and guarantees, Reuters reported in June.
If developed, the cables would stretch around 4,800 km and deliver up to 15 GW of solar and wind power from Morocco to Germany. The German firm Sila Atlantik was established to manage the project following the collapse of a similar proposed Morocco-U.K. renewable electricity link, known as Xlinks, in 2025.
The European Commission’s T-MED initiative is the latest and most ambitious plan to expand the MENA region’s renewable energy capacity and enhance clean energy trade between the two regions . It is expected to encourage high levels of private investment in the sector and support broader diversification aims to strengthen energy security across Europe, North Africa, and the Middle East.
Tyler Durden
Sun, 08/09/2026 - 09:20 Close
Sun, 09 Aug 2026 12:45:00 +0000 Fire Erupts At Saudi Aramco's Jazan Refinery As Iran-Backed Houthis Claim Drone Strike
Fire Erupts At Saudi Aramco's Jazan Refinery As Iran-Backed Houthis Claim Drone Strike
Yemen's Iran-backed Houthis claimed responsibility for a drone attack on Saudi Aramco's $21 billion Jazan refinery, located on Saudi Arabia's sou
Read more.....
Fire Erupts At Saudi Aramco's Jazan Refinery As Iran-Backed Houthis Claim Drone Strike
Yemen's Iran-backed Houthis claimed responsibility for a drone attack on Saudi Aramco's $21 billion Jazan refinery, located on Saudi Arabia's southwestern Red Sea coast, roughly 44 miles from the Yemeni border. The facility is strategically important because it allows Aramco to export refined products through the Red Sea without transiting the Strait of Hormuz. The attack also signals the growing vulnerability of Saudi energy assets in the region, where Houthi forces have repeatedly targeted them in recent weeks.
A Bloomberg report cites Saudi Arabia's Energy Ministry, which said a fire broke out early Sunday at the 400,000-barrel-a-day Jazan refinery before being extinguished.
The outlet continued:
No injuries were reported, the ministry said in a post on X, without providing details on the cause of the fire. Authorities "are completing necessary procedures to deal with the incident," it said. Yemen's Houthi rebel group subsequently claimed the attack, the group's military spokesperson said in a post, also on X.
Ariel Oseran of i24NEWS English reports:
The Houthis attacked the port of Mocha in western Yemen, causing several explosions and a large pillar of smoke. Earlier, the Houthis said they attacked a Saudi Aramco oil facility in Jazan.
The Jazan incident comes as U.S. and Iran are going back and forth in an effort to ink a peace deal to reopen the Strait of Hormuz.
U.S. Treasury Secretary Scott Bessent appears to back the Iran-Oman deal to open the critical maritime chokepoint, with President Trump and his officials remaining surprisingly quiet even as it has emerged that the deal outline is wholly favorable to Tehran's conditions.
Any agreement to reopen the narrow waterway will require approval from Iran's Supreme Leader Mojtaba Khamenei, potentially delaying an announcement as officials struggle to reach him, according to Bloomberg.
"The opening of the Strait is subject to other conditions, including the compensation for the US's violations of the Islamabad Agreement," Iranian Foreign Minister Abbas Araghchi said on Saturday. He was referring to the now-collapsed memorandum of understanding signed in June.
Catch up with Saturday's US-Iran news flow:
Sunday morning data from Bloomberg show vessel crossings through the Hormuz chokepoint are still at ultra-low levels.
Brent crude futures closed Friday at $83.55 a barrel, bouncing off the $80 level.
Latest US-Iran Headlines (courtesy of Bloomberg):
Hormuz Deal Status
Iran says it is "very close" to a deal with Oman on a temporary maritime transit route through the Strait of Hormuz, but any agreement would not immediately reopen the waterway.
Iran's conditions for reopening the strait include compensation for U.S. violations of the Islamabad Agreement, lifting sanctions, and billions of dollars in war damages, according to U.S. officials.
Iran is also reportedly demanding that U.S. Navy warships be barred from passing through the Strait of Hormuz as part of any reopening agreement, reflecting the influence of IRGC hardliners.
Oman has called for a halt to attacks on ships in the strait, saying they violate sovereignty, while describing negotiations as progressing in a "positive and constructive atmosphere."
Iran-US Talks
Iranian Foreign Minister Abbas Araghchi said on Sunday that direct talks with the U.S. are currently impossible, citing U.S. violations of the June Memorandum of Understanding.
Iran says it is currently only exchanging messages with the U.S. through intermediaries, with some countries trying to reestablish grounds for negotiations.
Trump had been laying the groundwork to declare victory if Iran fully reopened the strait, even floating the idea of walking away without a nuclear deal, but Iran's escalating demands have complicated that objective, according to U.S. officials.
Vice President JD Vance said the U.S. is "in the middle of the game" with Iran, using diplomatic, economic, and military tools, and expressed confidence in reaching a good outcome.
Iran's Politics
Supreme Leader Mojtaba Khamenei met with President Pezeshkian on Sunday for "detailed discussions" covering livelihoods, war conditions, military developments, and economic interactions. Khamenei has not been seen in public since the war began.
Mohsen Rezaee, a military adviser to Khamenei and former IRGC commander, has been appointed as Khamenei's representative on Iran's Supreme National Security Council, according to TSNA.
Hardline factions within Iran, including IRGC leaders and clerics, are reportedly pushing to keep Iran at war and block peace talks with the U.S.
Tyler Durden
Sun, 08/09/2026 - 08:45 Close
Sun, 09 Aug 2026 12:10:00 +0000 From "Designed Viruses" To "Digital Telepathy" – AI Panic Kicks Into Overdrive
From "Designed Viruses" To "Digital Telepathy" – AI Panic Kicks Into Overdrive
From "Designed Viruses" To "Digital Telepathy" – AI Panic Kicks Into Overdrive
Authored by Kit Knightly via Off-Guardian.org,
Two days ago, I wrote an article detailing the sudden rash of “rogue AI agents” allegedly besetting the tech community, and how that may be used to bring in new regulations, notionally targeting AI, but actually limiting or monitoring how ordinary people use the internet.
In the 48 hours since, that blatant fear-mongering has gone WILD.
Within a few hours of our original article being published, Meta joined the parade of “rogue AIs”, when Mark Zuckerberg “confirmed” one of their AI agents had left the play area and gone toddling off into the internet to do a little bit of hacking.
Then, this morning, Chinese AI company Moonshot reported their Kimi3 model had “escaped containment” [from Wired ]:
THE AI INDUSTRY is having a rogue agent summer. The latest model to escape onto the open internet during security testing is Kimi K3, a powerful open-weight offering from the Chinese company Moonshot AI.
Bloomberg reports that hackers are using AI voice-cloning to steal from hedge funds. The Guardian says AI doctors are spreading medical misinformation.
The Independent is screaming :
Out-of-control AI systems are going rogue and hacking people. Is it time to panic?
And you know what? I think it just might be.
After all, rogue AIs hacking the planet are the least of it. That’s small fry already.
The New York Times is reporting that AI is now sequencing genomes and designing brand new viruses – biological viruses, not computer viruses – which will be used to treat diseases:
This A.I. Just Created Viruses Not Found in Nature – Scientists trained artificial intelligence on libraries of DNA and then asked the model to create recipes for viral genomes. Sixteen of them were viable, yielding new viruses.
But experts are warning – “warning” seems to be about 80% of what “experts” do – that this is potentially dangerous :
But experts have also warned AI-designed viruses raise “urgent” safety and security concerns.
This is painfully unsubtle propaganda, obviously hoping to play on both the Covid-inspired fear of viruses and trendy gain-of-function panic. A crossover episode, the Batman vs Superman of modern panic narratives.
In other scary AI-related news, an AI engineer with a twitter blue tick is leaving OpenAI to join Conduit, a tech start-up with the aim of creating an AI that can read people’s thought s:
Naomi Bashkansky left OpenAI and joined Conduit to build models that turn non-invasive neural recordings into text prompts. She says a headband could decode rough intentions into AI coding prompts by 2027, with broader brain-to-AI milestones later.
I’m not sure why this is news at all, or what “non-invasive” mind-reading might look like, but since it’s probably not going to happen that doesn’t really matter.
The point is – believe EVERYTHING they tell you – and be afraid!
That’s what Geoffrey “Godfather of AI” Hinton thinks, according to the interview published by CNN yesterday:
“What’s happening is these things are getting smarter […] I think as they get smarter, we’re going to see more and more complex intentions they have – and more and more ability to escape control […] I don’t believe we’re going to be able to keep control of them in the simple way of just outthinking them so they can’t escape […] I anticipate there will be lots of nasty cyberattacks[.]”
Like I said, be afraid.
But what’s the endgame here? The answer to that seems to be “regulation”.
Regulating AI is suddenly all anyone wants to talk about.
Many want a global treaty to govern AI risk. California and New York may already be writing it.
That’s from Foreign Policy .
The Atlantic , the Wall Street Journal and the Financial Times all have similar things to say.
Bloomberg thinks we should treat AI like the airline industry .
Politicians across the spectrum of from the UK’s AI Minister to the Governor of Vermont are clamouring for regulation.
The United Nations University tells us :
You Can’t Regulate AI Without Fully Understanding It
Oh, and in case you were in any doubt about what you were supposed to think, Donald Trump has come out for AI and against regulating it, claiming AI will be “bigger than oil” , and warning that congress wants to “regulate AI out of business” .
Trump bad.
Trump like AI.
AI must be bad.
This is the simple moral math that swaths of the US have been conditioned into.
AI is scary and needs to be regulated, and if you don’t agree you’re just like Donald Trump. That’s the headline.
But what will this “regulation” look like?
That’s a good question. One I’m not sure anyone has an all-encompassing answer to quite yet.
There’s talk of “kill switches” . The Bank of England suggested them months ago , to prevent AI stock traders crashing the market, and Rep. Ted Lieu wants congress to pass a law requiring them by the end of the year .
Two liberal professors, writing for Project Syndicate , are here to tell us “the right way” to regulate AI, using paragraphs like this:
Addressing AI’s societal risks requires institutions designed to recognize and respond to emerging threats before they become systemic failures.
…and this:
These skewed priorities can be traced to the framing of AI development as a geopolitical race. But technological leadership means little if it comes at the expense of workers’ health, social resilience, and people’s ability to lead meaningful lives. A country that develops the world’s most capable AI models while leaving its workforce deskilled and its public discourse polluted by misinformation has not won anything worth winning.
Which give vibes over specifics, but I think suggests a very familiar marketing strategy and a vague policy direction.
This vagueness is largely intentional at this point.
First they want the public to beg them to do something. They can decide what the something is later.
Tyler Durden
Sun, 08/09/2026 - 08:10 Close