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Baidu Q3 Revenue Falls 7% Amid Advertising Slump, Cloud and AI Offer Growth Opportunities
Chinese search engine giant Baidu (9888.HK) reported a 7% decline in quarterly revenue in the third quarter of 2025, weighed down by weaker advertising demand, even as its cloud and artificial intelligence divisions continued to show strong growth. Financial Highlights Baidu posted total revenue of 31.17 billion yuan ($4.38 billion) for Q3, slightly above market…
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FG Vows Swift Rescue of Abducted Kebbi Schoolgirls, Reaffirms Duty to Protect Citizens
The Federal Government has expressed deep concern over the abduction of female students from Government Girls Secondary School in Maga, Danko/Wasagu Local Government Area, Kebbi State, promising urgent action to secure their release. President Bola Ahmed Tinubu, GCFR, reiterated that the protection of every Nigerian, particularly schoolchildren, is a core responsibility of the State. He…
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South Korea Joins UAE’s Stargate AI Data Centre Project to Boost Regional AI Leadership
South Korea has officially agreed to partner with the United Arab Emirates on the U.S.-backed Stargate AI data centre project, a massive initiative aimed at creating one of the world’s largest artificial intelligence campuses outside the United States. The agreement was announced during South Korean President Lee Jae Myung’s visit to the UAE for a…
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FG Plans 500 CNG Stations Nationwide in Three Years
The Federal Government has announced plans to establish 500 compressed natural gas (CNG) stations across Nigeria over the next three years, aiming to accelerate the nation’s shift to cleaner and more affordable fuels. Oluwole Adama, Executive Director of the Midstream and Downstream Gas Infrastructure Fund (MDGIF), said the initiative seeks to reduce the country’s reliance…
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Roblox to Implement Age Verification via Facial Recognition to Protect Young Users
Roblox, one of the world’s largest online gaming platforms, announced that it will require users to verify their age using facial recognition technology before accessing chat features. The new safety measure aims to prevent communication between children and adults on the platform, addressing ongoing concerns about child safety and online exploitation. How Roblox’s Age Verification…
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HoloSolis Secures $255 Million to Build One of Europe’s Largest Solar Panel Factories in France
French renewable energy company HoloSolis has successfully raised more than €220 million ($255 million) to fund the construction of a state-of-the-art solar panel manufacturing facility in France. The new plant, which will be among the largest in Europe, marks a significant step toward bolstering Europe’s domestic solar energy capacity and reducing reliance on imported energy.…
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Britain May Repeat Tax Rises Next Year, Says Franklin Templeton’s David Zahn
Britain’s government is likely to implement additional tax increases next year, following last week’s decision to abandon a proposed income tax hike, according to David Zahn, Head of European Fixed Income at Franklin Templeton. This decision has already impacted markets, pushing British borrowing costs higher and raising concerns over the government’s fiscal credibility. Government Fiscal…
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Record Reverse Stock Splits Highlight Growing Divide Between Small-Cap and Mega-Cap Stocks
The gap between struggling small-cap companies and booming mega-cap stocks continues to widen, as record numbers of reverse stock splits reveal the financial pressures facing smaller firms. Meanwhile, AI-driven rallies are propelling technology giants to new highs, further emphasizing the growing disparity in the equity markets. Surge in Reverse Stock Splits Globally, companies carried out…
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Glencore Reduces Century Aluminum Stake to 33% Following U.S. Tariff-Fueled Rally
Glencore, the London-listed commodities giant, has reduced its stake in Century Aluminum, one of the leading U.S. aluminium producers, by 10%, bringing its ownership to approximately 33%. This strategic move comes after a remarkable surge in Century Aluminum’s stock, largely driven by U.S. tariffs on aluminium imports and record profits for domestic aluminium producers. Glencore’s…
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Fed Faces Deep Policy Divide Amid Return of Economic Data
The U.S. Federal Reserve is confronting a profound policy divide as updated economic data begins to flow following the federal government’s reopening. With the Fed’s next meeting just over three weeks away, central bankers are weighing whether to cut interest rates amid persistent uncertainty over employment, inflation, and overall economic growth. Economic Data Returns After…
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