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NIO's Intelligent-Driving Chip Subsidiary Shenji Secures RMB2.257 Billion Investment
NIO Inc.'s intelligent-driving chip subsidiary, Shenji, has finalized agreements for a RMB2.257 billion (approximately $330 million USD) investment from a consortium of Chinese investors. This funding round, which values Shenji at nearly RMB10 billion post-investment, will fuel advanced chip research and development, as well as commercial expansion in autonomous driving technologies. NIO will retain a controlling 62.7% equity interest in Shenji.
Winter Storms Fern and Hernando Expected to Impact Q1 2026 Insurer Earnings
Two major winter storms, Fern in late January and Hernando in late February 2026, have caused billions in insured losses across the U.S., impacting property and casualty insurers' first-quarter earnings. The storms brought widespread snow, ice, power outages, and significant property damage.
AECOM Secures Major Cost Management Contracts with Ireland's National Transport Authorities
AECOM has been awarded significant cost management contracts by Ireland's National Transport Authority (NTA) and Transport Infrastructure Ireland (TII). These multi-year frameworks position AECOM as a key partner in delivering major transport and mobility projects across the country, leveraging its expertise in cost optimization and project delivery for critical infrastructure.
British Student Attacked in Attempted Rape in Rome's Villa Borghese
A 21-year-old British student, Anne, was attacked in an attempted rape in Rome's Villa Borghese on February 23, 2026. A taxi driver intervened, and police are investigating the incident, which has raised safety concerns in the park.
Russian Trade Deals Worth Billions Routed Through Bermuda, Report Alleges
An investigative report by Transparency International's Russia office reveals that approximately $3 billion in Russian trade deals, primarily involving oil and gas equipment, were routed through Bermuda between February 2022 and January 2025. The report suggests these transactions, part of a larger $8 billion routed through British Overseas Territories, may have been used to conceal assets and circumvent sanctions.
Johannesburg Water Crisis Requires R64 Billion, Finance Minister Godongwana Warns of Intervention
Finance Minister Enoch Godongwana has revealed that Johannesburg faces a massive R64 billion backlog to address its water crisis, attributing the issue to diverted funds. He warned of potential national government intervention as 63% of South African municipalities are in financial distress.
Turkish F-16 Fighter Jet Crashes in Balıkesir, Pilot Martyred
A Turkish Air Force F-16 fighter jet crashed in western Balıkesir province early Wednesday, February 25, 2026, during a mission flight, resulting in the martyrdom of Air Force Major İbrahim Bolat. An investigation into the cause of the accident is underway.
Tarique Rahman Sworn In as Bangladesh's New Prime Minister After Landslide Election Victory
Tarique Rahman has been sworn in as the Prime Minister of Bangladesh, marking a significant political shift. His Bangladesh Nationalist Party (BNP) secured a commanding two-thirds majority in the recent general election held on February 12, 2026, following an 18-month interim administration.
UAE's MBZ-Sat Captures High-Resolution Images of Kuwait on National Day
The UAE's advanced Earth observation satellite, MBZ-Sat, has captured and released two high-resolution images of Kuwait, featuring Kuwait City and Jaber Al Ahmad International Stadium, to commemorate Kuwait's 65th National Day.
Belarus and Uzbekistan Ink Nearly $110 Million in Trade Deals During Official Visit
A Belarusian government delegation, led by Prime Minister Alexander Turchin, concluded an official visit to Uzbekistan from February 23-25, 2026, resulting in the signing of contracts worth nearly $110 million. The agreements span various sectors, aiming to boost bilateral trade to $2 billion by 2030.
Iran Grapples with Soaring Food Costs Amidst Economic Crisis
Iran is facing a severe economic crisis marked by soaring food prices and widespread hardship. Annual inflation reached 46.3% by February 2026, with food-specific inflation nearing 90% in January. The dramatic devaluation of the rial, international sanctions, and changes in government subsidy policies are driving the surge, impacting millions of Iranians.
Canada Launches $500 Million Initiative to Modernize Forest Sector Amid Trade Challenges
The Government of Canada has initiated a $500 million commitment to retool and support its forest sector. This funding, part of a larger $1.2 billion package, aims to foster innovation, diversify markets, and enhance the use of Canadian wood products, addressing U.S. trade measures and promoting a sustainable bioeconomy.
Spain Allocates €490.5 Million to Boost Renewable Hydrogen and Industrial Decarbonization
Spain has committed €490.5 million from its post-pandemic recovery funds to advance renewable hydrogen production and industrial heat decarbonization projects. This funding, channeled through European auction programs, aims to support the nation's ambitious green energy transition goals and reduce reliance on fossil fuels.
Fahad Al-Saif Appointed Saudi Arabia's New Minister of Investment Amidst Vision 2030 Drive
Saudi Arabia has appointed Fahad Al-Saif as its new Minister of Investment by Royal Decree on February 12, 2026. Al-Saif, with extensive experience from the Public Investment Fund and the National Debt Management Center, is set to spearhead strategic capital deployment crucial for the Kingdom's economic transformation under Vision 2030.
Antonio Tejero, Leader of Spain's Failed 1981 Coup, Dies at 93
Antonio Tejero Molina, the former Lieutenant Colonel of the Spanish Civil Guard who led the failed 1981 coup attempt known as 23-F, has died at the age of 93. His death in Alzira, Valencia, on February 25, 2026, coincided with the declassification of documents related to the historic event by the Spanish government.
Vinicius Jr. Secures Real Madrid's Champions League Last 16 Spot Against Benfica
Real Madrid advanced to the UEFA Champions League Round of 16 after a 2-1 victory over Benfica at the Santiago Bernabéu, sealing a 3-1 aggregate win. Vinicius Jr. scored the decisive goal in the 80th minute, following earlier strikes from Rafa Silva for Benfica and Aurelien Tchouameni for Real Madrid. The match was the second leg of the knockout phase play-offs.
International Gang Dismantled After Armed Villa Robberies in Marbella
Spanish National Police, in collaboration with Albanian authorities, have arrested members of an international criminal network responsible for violent armed villa robberies targeting high-net-worth individuals in Marbella. The operation spanned multiple countries and led to the recovery of significant stolen goods.
Mijas Water Bills to Increase by 20% Starting July for Infrastructure Improvements
Water bills in Mijas, Spain, are set to rise by approximately 20% from July, following approval by the local council. The increase, which the governing team states is 19%, is attributed to a mandatory annual update based on the CPI and aims to fund significant improvements to the municipality's water supply and sewage systems, managed by Acosol. The opposition has criticized the hike as 'disproportionate'.
Kalashnikov Unveils Kub-10ME Loitering Munition with Extended Range and Advanced Guidance
Russia's Kalashnikov Concern has introduced the new Kub-10ME tactical loitering munition, featuring an extended strike range exceeding 100 km. This single-use drone incorporates electro-optical guidance for enhanced resistance to electronic warfare and is designed for precision strikes against various ground targets, reflecting lessons from recent conflicts.
Mexican Congress Approves Gradual 40-Hour Work Week Reform
Mexico's Chamber of Deputies has approved a reform to gradually reduce the legal work week from 48 to 40 hours by 2030, following earlier Senate approval. The initiative, championed by President Claudia Sheinbaum, now awaits ratification by state legislatures and is set to benefit millions of workers.