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US Weapons Crunch Raises Risks Beyond Iran

The Pentagon presses defense companies to accelerate weapons production as the Iran war depletes key US stockpiles and raises questions about readiness in other regions. Brigadier General Mark Kimmitt (Ret) and Bloomberg Economics Defense Lead Becca Wasser are on Bloomberg This Weekend and say the US has used at least half of its Patriot stockpile in the Iran conflict, forcing tougher choices over supplies for allies including Ukraine.

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Bloomberg
Financial

Europe Looks Up for First Total Eclipse Since 1999

A total solar eclipse will cross Greenland, Iceland, Portugal and northern Spain on Wednesday August 12th, marking the first total eclipse visible from central or western Europe since 1999. Royal Observatory Greenwich Astronomer Imo Bell is on Bloomberg This Weekend with hosts David Gura and Christina Ruffini and says the event offers spectators a rare view of totality while giving scientists an opportunity to study the sun's corona.

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Bloomberg
Financial

Puerto Rico Rations Water as Drought Deepens

More than 180,000 customers in Puerto Rico are facing rotating 48-hour water outages as severe drought compounds longstanding problems with the island's water infrastructure. Resident Commissioner Representative Pablo José Hernández joins David Gura and Christina Ruffini on Bloomberg This Weekend and calls for a federal emergency declaration to unlock additional assistance and said poor management has worsened the crisis, while arguing Puerto Rico must also hold local officials accountable.

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Bloomberg
Financial

Iran Talks Offer Little Relief for Hormuz Shipping

Iran and Oman are still discussing a temporary arrangement for shipping through the Strait of Hormuz, but attacks on regional energy infrastructure and major disagreements over transit rules are complicating negotiations. Bloomberg News White House Correspondent Skylar Woodhouse and Bloomberg News Middle East Correspondent Abeer Abu Omar join Bloomberg This Weekend and explain to hosts David Gura and Christina Ruffini that even with an agreement, shipowners and traders expect it could take weeks or months for oil flows to approach normal levels.

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Grafa
Cryptocurrency

Three men charged in US over alleged Bitcoin kidnap plot

The US Attorney's Office for the District of Connecticut has charged three men from St Louis — Sedric Louis, John Davis, and Martel Williams — with conspiracy to interfere with commerce through robbery, alleging they plotted to break into a residence and force victims to transfer cryptocurrency linked to a multi-hundred-million-dollar Bitcoin (CRYPTO:BTC) theft.

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Grafa
Insights

Bitcoin’s mining rebound puts rival proof-of-work networks in focus

  • Bitcoin miners generated US$875.35 million in July, up US$38.93 million from June’s US$836.41 million.
  • Bitcoin hash price rose from US$29.01 to US$31.59 per PH/s over 30 days, improving revenue from computing power.
  • Higher mining difficulty, BIP-110 signalling and competition for computing power remain key pressures across proof-of-work networks.
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