Category: finance
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Solvay Explores Rare Earths Processing Plant in the U.S. Amid Stronger Support
Belgium-based chemicals group Solvay is exploring the possibility of establishing a rare earths processing plant in the United States, citing stronger financial and governmental support compared to Europe. The announcement highlights the growing global race to develop domestic industries for critical minerals vital to defense, renewable energy, and advanced electronics. Solvay is one of the
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U.S. Calls for Full and Equal Participation of Taiwan at APEC 2026 Hosted by China
The United States has emphasized that Taiwan must be allowed full and equal participation when China hosts the Asia-Pacific Economic Cooperation (APEC) summit next year. This statement comes after Taipei raised concerns that Beijing has imposed multiple restrictions and conditions on its attendance at the high-level regional forum. APEC remains one of the few international
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Google Plans Advanced AI Data Centre on Remote Christmas Island in the Indian Ocean
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
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KKR and Singtel Eye Full Acquisition of ST Telemedia Global Data Centres in $3.9 Billion Deal
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),
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Prosus Shows Early Interest in German Auto Marketplace Mobile.de
Dutch technology investment group Prosus has expressed early-stage interest in a potential bid for Mobile.de, Germany’s largest online auto marketplace, as the company’s owners consider selling shares, according to sources familiar with the matter. Mobile.de IPO Plans and Ownership Private equity firms Permira and Blackstone, owners of Mobile.de through Norwegian parent company Adevinta, are leaning
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Commerzbank CEO Bettina Orlopp Surprised by 2024 Meeting Between Ex-CEO and UniCredit CEO
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
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Telecom Italia CEO Signals Support for Telecom Market Consolidation in Italy
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
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Eurozone Retail Sales Unexpectedly Fall in September, Challenging Recovery Hopes
Retail sales in the Eurozone unexpectedly declined in September, raising concerns about the pace of a consumption-led economic recovery across the 20-nation currency bloc. According to data released by Eurostat, the bloc saw a 0.1% month-on-month decrease in retail trade, falling short of forecasts for a 0.2% increase. Year-on-Year Retail Growth Still Positive Despite the
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Bank of England Holds Interest Rates Amid Narrow Vote, Signals Possible Cut Soon
The Bank of England (BoE) voted narrowly on Thursday to keep borrowing costs unchanged, leaving the Bank Rate at 4.0%. However, signals from Governor Andrew Bailey and the tight 5-4 vote suggest a potential rate cut could follow after the UK government’s budget later this month. BoE Keeps Rates Steady Despite High Inflation The nine-member
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Zalando Expands Sports Focus with German Soccer Federation Partnership
Online fashion retailer Zalando is ramping up its focus on sports apparel as part of a strategy to attract younger consumers and increase its appeal among men. The company announced a new five-year partnership with Germany’s DFB national soccer federation while reporting strong third-quarter growth, driving shares up nearly 10%. Zalando Reports Strong Third-Quarter Growth
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