Global Developments: US Secures Water Deal with Mexico, Navy Downs Iranian Drone, and Finland to Build Icebreakers
Washington, D.C. – The United States secured a deal with Mexico guaranteeing annual minimum water deliveries, according to Euronews. The agreement replaces a previous system where Mexico fulfilled a quota on a five-year cycle. The deal aims to aid farmers in southern states, particularly in Texas.
The agreement followed months of negotiations and a threat from former US President Donald Trump to impose tariffs on Mexican imports if Mexico did not deliver more water. Under the new deal, Mexico will send at least 350,000 acre-feet of water annually to the US.
In other news, the US military announced it targeted and downed an Iranian-owned drone in the Arabian Sea, Euronews reported. The incident occurred amidst increased American military presence in the region, intended to counter air threats and secure shipping routes. Tensions between Washington and Tehran have reportedly entered a new phase.
According to CENTCOM spokesperson Capt. Tim Hawkins, the incident occurred on February 3rd. CENTCOM commander Gen. Brad Cooper emphasized that Iran's "continued nuisance and threats in international waters and airspace would no longer be tolerated," according to Euronews.
Meanwhile, Finland is set to construct new icebreakers for the United States as Arctic competition intensifies, Euronews reported. The deal highlights Finnish expertise in icebreaking.
In other global developments, Varaha, an India-based climate tech startup, raised $20 million to scale carbon removal projects from the Global South, TechCrunch reported. The investment marks the first portion of a planned $45 million Series B round led by WestBridge Capital, with participation from existing investors including RTP Global and Omnivore. Founded in 2022, Varaha has raised about $33 million in equity to date, alongside $35 million in project financing and $500,000 in grants, as it builds carbon removal projects across Asia and Africa.
Finally, Intel CEO Lip-Bu Tan announced that the company would begin producing graphics processing units (GPUs), a market dominated by Nvidia, TechCrunch reported. GPUs are specialized processors used for gaming and training artificial intelligence models. The project will be overseen by Kevork Kechichian, the executive vice president and general manager of Intel's data center group, according to reporting from Reuters.
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