Octopus Energy, Britain’s largest gas and electricity supplier, is set to spin off its AI-powered technology division, Kraken Technologies, as a standalone company valued at $8.65 billion (£6.4 billion). The move follows the sale of a $1 billion stake in Kraken to a consortium of investors led by New York-based D1 Capital Partners, paving the

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The CEO of Everyman Media Group, Alex Scrimgeour, has resigned with immediate effect, just weeks after the cinema chain issued a profit warning that sent its shares tumbling. Scrimgeour will be replaced on an interim basis by non-executive director Farah Golant, the company confirmed. Profit Warning Sparks Executive Shake-Up On 10 December 2025, Everyman Media

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TOKYO, Dec 23, 2025 – Japan is set to provide 210 billion yen ($1.34 billion) in subsidies to companies using clean energy, aiming to accelerate the nation’s renewable energy adoption and stimulate economic growth in regional areas, government officials announced Monday. The funding initiative is part of Japan’s broader efforts to meet its carbon reduction

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Dec 23, 2025 – U.S. – Amazon’s self-driving vehicle unit, Zoox, Inc., announced a recall of 332 vehicles in the United States after the National Highway Traffic Safety Administration (NHTSA) identified a software error in its automated driving systems (ADS). The issue could cause Zoox vehicles to cross the yellow center line at intersections or

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Dec 23, 2025 – Gold prices have surged to near $4,500 an ounce, driven by expectations of looser U.S. monetary policy, ongoing geopolitical tensions, and robust global demand for the precious metal. The yellow metal, long considered a safe-haven investment, touched a record $4,497.55 earlier this week, marking its biggest annual rise since 1979, with

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LONDON, Dec 23, 2025 – Global central banks have executed the fastest and most extensive interest rate cuts since the 2008 financial crisis, with both developed and emerging economies easing monetary policy aggressively throughout 2025. Analysts describe this as the most significant central bank easing push in over a decade. G10 Central Banks Lead the

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MUMBAI, Dec 23, 2025 – Indian benchmark equities ended largely unchanged on Tuesday, with information technology (IT) stocks pulling back and thin year-end trading volumes limiting overall market movement. Investors are closely watching the upcoming third-quarter earnings season for cues on market direction. The Nifty 50 (.NSEI) inched up 0.02% to close at 26,177.15 points,

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ROME, Dec 23, 2025 – Italy’s competition authority has fined Ryanair Holdings PLC, Europe’s largest budget airline, over 255 million euros (approximately $300.19 million) for allegedly abusing its dominant position in dealings with travel agencies. The regulatory decision comes after the airline reportedly blocked or restricted travel agencies from offering Ryanair flights in combination with

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HONG KONG, Dec 23, 2025 – Shares of Kuaishou Technology (1024.HK), the Chinese short video platform, fell sharply on Tuesday, hitting HK$62.70 ($8.06), their lowest level since November 21. The drop came after reports surfaced that the platform experienced a sudden surge of explicit content following a cyberattack on Monday. The stock decline marked a

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