Dubai, UAE – Microsoft (MSFT.O) and Abu Dhabi-based G42 announced a 200-megawatt expansion of data center capacity in the United Arab Emirates, part of the U.S. tech giant’s over $15 billion investment commitment in the Gulf country. The expansion will be implemented through Khazna Data Centers, a G42 unit, and is expected to begin operations

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Cork, Ireland – Johnson Controls International (JCI.N) expects 2026 adjusted profit per share of approximately $4.55, surpassing analysts’ forecast of $4.43, as rising demand from data centers boosts sales of the company’s building and industrial equipment. The company benefits from the accelerating adoption of AI technologies, which has fueled a surge in data center construction

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Tesla’s (TSLA.O) sales in Germany fell sharply in October, dropping more than half compared with the same month last year, according to the German Federal Motor Transport Authority (KBA). Despite the decline in Tesla sales, overall battery electric vehicle (EV) registrations in Germany continued to grow. Tesla Sales DeclineIn October, Tesla sold just 750 vehicles

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Italian payments group Nexi (NEXII.MI) said on Wednesday it no longer has any commitment to acquire Banco Sabadell’s (SABE.MC) retail payments unit, Paycomet, but remains open to negotiating a potential future deal under new terms. The original agreement, signed in February 2023, involved Nexi purchasing 80% of Paycomet for 280 million euros, with Sabadell retaining

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Bank of America (BAC.N) raised its medium-term profitability target on Wednesday as it seeks to boost market share and catch up with larger Wall Street competitors, including JPMorgan and Goldman Sachs. At its first investor day since 2011, BofA set a new return on tangible common equity (ROTCE) target of 16% to 18%, up from

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McDonald’s (MCD.N) reported stronger-than-expected global comparable sales for the third quarter on Wednesday, as affordable meal promotions helped attract cautious diners amid economic uncertainty. The fast-food giant posted global same-store sales growth of 3.6%, slightly above analyst estimates of 3.55%, driven by robust performance in the U.S. and international markets. In the U.S., comparable sales

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Amazon (AMZN.O) filed a lawsuit against AI startup Perplexity on Tuesday, claiming that its “agentic” shopping feature, Comet, covertly accessed Amazon customer accounts and disguised automated activity as human browsing. The move highlights growing concerns over the regulation of AI agents and their ability to perform online tasks autonomously. The lawsuit, filed in the U.S.

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SHANGHAI – Volkswagen (VOWG.DE) announced on Wednesday that its joint venture with China’s Horizon Robotics (9660.HK), CARIZON, will develop the automaker’s first in-house chip to power smart driving features in next-generation vehicles for the Chinese market. The chip is designed to process data from vehicle cameras and sensors, delivering computing performance of 500 to 700

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TOKYO – Toyota (7203.T) raised its full-year operating profit forecast on Wednesday, betting that strong performance in markets outside the United States will help offset the impact of U.S. import tariffs. The world’s top-selling automaker now expects operating profit of 3.4 trillion yen ($22.6 billion) for the fiscal year ending March 2026, a 6% increase

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