Google is making a bold move to establish a cutting-edge artificial intelligence (AI) data centre on the remote Australian territory of Christmas Island, situated in the Indian Ocean. The ambitious project comes after a strategic cloud partnership was signed earlier this year with the Australian Department of Defence, signaling a significant investment in both technology

Read more...

Global investment firm KKR & Co and Singapore Telecommunications (Singtel) are in advanced talks to acquire more than 80% of ST Telemedia Global Data Centres (STT GDC), which would give them full ownership of the Singapore-based data center operator, sources familiar with the plans said. The transaction is valued at over S$5 billion ($3.9 billion),

Read more...

Commerzbank CEO Bettina Orlopp expressed shock on Thursday over reports that her predecessor, Manfred Knof, met with UniCredit CEO Andrea Orcel in 2024 without informing the bank’s executive team. Orlopp, who was finance chief at the time, said she only learned about the meeting through news reports. Background of the Meeting The meeting in question

Read more...

Telecom Italia (TIM) CEO Pietro Labriola expressed support on Thursday for potential consolidation in Italy’s telecom market, even if competitors take the lead. Labriola emphasized that any move toward market consolidation would help create a more balanced and rational telecom sector in the country. CEO Comments on Market Consolidation Speaking during a post-results call, Labriola

Read more...

BERLIN – Tech giant Google has announced plans to reveal its largest investment in Germany to date on Tuesday, in a joint event with German Finance Minister Lars Klingbeil. The announcement marks a major step in Google’s European expansion strategy, highlighting the company’s commitment to strengthening its footprint in one of the continent’s key technology

Read more...

SAN FRANCISCO / BENGALURU – Snap Inc. (SNAP.N) saw its shares jump 18% in premarket trading on Thursday after announcing a $400 million partnership with AI startup Perplexity, signaling renewed investor confidence in the social media company’s ability to compete in the artificial intelligence (AI) space. Following the news, Snap’s stock had already surged 16%

Read more...

LONDON / BENGALURU – Global spirits giant Diageo (DGE.L) has trimmed its 2026 sales and profit forecast due to slowing demand in the United States and China, while leaving the company without a permanent CEO following the departure of Debra Crew in July. The announcement triggered a 3.5% drop in Diageo shares, erasing gains and

Read more...

GENEVA / BENGALURU – Industrial materials giant DuPont (DD.N) has raised its full-year core earnings forecast and announced a $2 billion share repurchase plan following a strong third-quarter performance that exceeded Wall Street expectations. The results were driven by robust demand in electronics, healthcare, and water markets, highlighting the company’s strategic shift toward high-growth sectors.

Read more...

MONTREAL – Canadian business jet manufacturer Bombardier (BBDb.TO) reported an 11% increase in third-quarter revenue, fueled by stronger demand for aftermarket services and the delivery of more aircraft than the same period last year. The results underscore the growing appetite for private aviation as both individuals and corporations seek premium air travel options. Revenue Growth

Read more...