Category: business
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Andrej Babis Offers Plan on Business Holdings to Secure Czech Prime Minister Role
Czech billionaire and ANO party leader Andrej Babis has signaled he will publicly outline how he intends to manage his extensive business empire before being appointed Prime Minister of the Czech Republic. The move aims to satisfy President Petr Pavel and address longstanding concerns over conflicts of interest in government. Background: ANO Victory and Government
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Oil Prices Rise 1% After Ukrainian Drone Attack Hits Russian Port
Oil prices climbed approximately 1% on Friday, following a Ukrainian drone attack on an oil depot in the strategic Russian export hub of Novorossiysk. The incident has heightened supply concerns in global energy markets, temporarily offsetting recent oversupply pressures. Brent and WTI Climb Amid Supply Disruption By 0900 GMT, Brent crude futures had risen 66
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Coventry’s Frank Lampard Named EFL Championship Manager of the Month
Coventry City head coach Frank Lampard has been awarded the EFL Championship Manager of the Month for October 2025, following a superb run of form that has propelled the Sky Blues to the top of the league table. Lampard, appointed in November 2024, has now won 28 of his 50 games in charge, solidifying his
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Applied Materials Warns of Weaker China Spending in 2026 Amid Tighter U.S. Export Curbs
Applied Materials (AMAT.O) has signaled a slowdown in chipmaking equipment spending in China for 2026, as U.S. export controls restrict its market access. Despite these challenges, the company expects overall revenue to strengthen in the second half of 2026, driven by robust memory chip production and growing AI-related investments. Impact of U.S. Export Curbs Tighter
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Apple and OpenAI Must Face X Corp Lawsuit, US Judge Rules
In a preliminary legal victory for Elon Musk, a U.S. federal judge has allowed X Corp’s lawsuit against Apple and OpenAI to proceed, rejecting attempts by the tech giants to dismiss the case. The lawsuit, filed in August, alleges anticompetitive behavior and monopolistic practices related to smartphone and generative AI chatbot markets. US Judge Allows
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ACS and BlackRock Launch €2 Billion Data Centre Joint Venture
Spain’s ACS (ACS.MC) and BlackRock Global Infrastructure Partners (BLK.N) have announced a major joint venture to develop a 2 billion euro ($2.33 billion), 1.7-gigawatt portfolio of data centres across Europe, the United States, and Australia. Both companies will hold a 50% stake in the partnership, which signals a significant step in meeting the growing demand
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Google to Pay Over $40 Million to Support South African News Media
Johannesburg, South Africa — November 13, 2025: Google has agreed to pay more than $40 million to support struggling South African news outlets, the country’s Competition Commission announced Thursday. The funding is part of a broader effort to address concerns that tech giants, including Google, Facebook, X, and TikTok, limit local media’s ability to distribute
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Toyota Launches $13.9 Billion Battery Plant in North Carolina, Confirms $10 Billion US Investment
Toyota Motor Corporation has officially started production at its $13.9 billion battery plant in North Carolina, marking a major milestone in the company’s expansion of hybrid and electric vehicle (EV) production in the United States. Alongside the plant opening, Toyota confirmed plans to invest an additional $10 billion over five years to further strengthen its
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M&S Revamps Supply Chain to Boost Online Fashion, Home, and Beauty Sales
London, November 12, 2025 — Marks & Spencer (M&S) is overhauling its “factory to floor” supply chain as part of an ambitious strategy to double online non-food sales to nearly £3 billion ($4 billion) annually, the retailer’s new fashion, home, and beauty chief said in an exclusive Reuters interview. John Lyttle, who joined M&S in
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FTSE 100 Slips as Energy and Industrial Stocks Weigh; SSE Surges on £33 Billion Investment Plan
London, November 12, 2025 — The UK’s FTSE 100 index edged slightly lower on Wednesday, retreating from record highs after two consecutive sessions of gains. Losses in industrial and energy shares dragged the blue-chip index down, even as optimism around a potential U.S. government shutdown resolution buoyed broader market sentiment. As of 12:14 GMT, the
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