Category: finance
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
EU Launches ‘Democracy Shield’ to Combat Disinformation, Taps Big Tech and Influencers
Brussels, November 12, 2025 — The European Union is stepping up its efforts to fight disinformation and hybrid threats by leveraging the reach of Big Tech platforms and social media influencers, the European Commission announced on Wednesday. The new strategy, known as the European Democracy Shield, aims to safeguard elections, strengthen democratic processes, and counter
-
IBM Unveils ‘Loon’ Quantum Chip, Aiming to Deliver Practical Quantum Computing by 2029
San Francisco, November 12, 2025 — IBM (NYSE: IBM) announced on Wednesday that it has developed a new experimental quantum computing chip called “Loon,” marking a major step toward achieving useful, error-corrected quantum computers by the end of the decade. The new chip showcases IBM’s continued progress on its quantum roadmap, which aims to move
-
Norway Rules Out $160 Billion Guarantee for Frozen Russian Assets, Says Finance Minister Jens Stoltenberg
Oslo, November 12, 2025 — Norway will not use its sovereign wealth fund as a financial backstop to guarantee European Union efforts to unlock frozen Russian assets for Ukraine’s reconstruction and defense, Finance Minister Jens Stoltenberg said on Wednesday. While Norway supports the EU’s broader plan to channel profits or resources from Russian assets to
Recent Posts
- Real Madrid Top Earners Globally as Liverpool Surpasses Manchester United
- Andoni Iraola’s Future at Bournemouth Remains Uncertain Amid Transfer and Contract Questions
- “Over 5,000 Men Want to Marry Me” — Nkechi Blessing Cries Out Over DM Flood
- Fela’s Daughter Fires Back at Wizkid Amid Seun Kuti Feud
- Chioma Sparks Reactions With Humorous Response to Unwanted DMs
Hi, this is a comment. To get started with moderating, editing, and deleting comments, please visit the Comments screen in…