Technology
Drax, Brookfield and Radiant Plan £20 Billion AI Data Centre Campus in UK
Drax Group has partnered with Brookfield and its AI infrastructure platform Radiant to develop a large-scale data centre campus at…
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Business
Intesa Sanpaolo Raises 2026 Profit Outlook Above €10 Billion After Record Q3 Results
Intesa Sanpaolo reported nine-month 2026 net income of €8.2 billion, an 8.1% increase from the same period last year, and…
Manufacturing
Asian Businesses Increase US Investments as Global Supply Chains Shift
Businesses from Japan, South Korea and Taiwan are expected to increase their investments in the United States as global supply…
Manufacturing
Schaeffler Plans Thousands of Job Cuts as European Automotive Industry Faces Pressure
German automotive and industrial supplier Schaeffler has announced plans to eliminate 3,460 positions across Europe as it responds to weak…
Global Logistics
Global Logistics Companies Reassess Shipping Strategies Amid Energy Market Volatility
Global logistics companies are reassessing their shipping strategies as energy market volatility, geopolitical tensions and transportation disruptions increase operating costs…
Finance
European Banks Face Growing Pressure to Protect Financial Resilience
European banks are facing increasing pressure to preserve their capital strength as regulatory requirements evolve and financial risks become more…
Energy
International Airlines Experience Pressure Because of Changes in the Energy Market
International airlines are facing growing financial and operational challenges as volatile energy markets increase the cost of aviation fuel and…
Business
Saudi Arabia’s PIF Raises $3 Billion in SACE-Backed Credit Facilities to Expand Italian Trade
Saudi Arabia’s Public Investment Fund has raised $3 billion-equivalent through two credit facilities guaranteed by Italy’s export credit agency, SACE.…
Biotechnology
Lonza to Acquire Five Merck CDMO Sites in US, More Than Doubling Manufacturing Footprint
Swiss contract manufacturer Lonza has agreed to acquire five US-based CDMO manufacturing sites from Germany's Merck KGaA, expanding its American…
AI
Zalando Reports 10.6% Rise in Q3 Adjusted EBIT as It Unveils AI Shopping Platform Expansion
Zalando reported third-quarter 2026 revenue of €3.17 billion, up 5.1% year-on-year, while adjusted EBIT increased 10.6% to €106.5 million. Its…
Retail
European Retailers Face a New Consumer Spending Environment
European retailers are adjusting their business strategies as consumers change how they allocate household budgets, compare prices and choose products.…
World
US LNG Exports Reach Second-Highest Monthly Level as European Shipments Surge Ahead of Winter
US liquefied natural gas exports climbed to their second-highest monthly level on record in October 2026, supported by stronger European…
World
Abu Dhabi’s XRG to Buy Shell’s North West Shelf LNG Stake for $1.45 Billion
Shell has agreed to sell its 16.67% non-operated interest in Australia’s North West Shelf LNG project to subsidiaries of Abu…
Business
Drax and Brookfield Announce Major AI Infrastructure Partnership
Drax Group has entered a strategic partnership with Brookfield and its UK-based AI infrastructure platform Radiant to develop a large-scale…
World
US Midterm Elections Put Control of Congress and Economic Policy in Focus
US voters are heading to the polls on November 3 to elect members of Congress and decide numerous state and…
Business
Binance Says It Has Replenished 95% of Assets Affected by $6.3 Billion Security Breach
Binance says it has replenished about 95% of the assets that were lost in a security breach. The breach was…
Technology
Marvell to Acquire Lumentum in $115 Billion AI Connectivity Deal
Marvell Technology has agreed to buy optical technology company Lumentum Holdings. The deal is an all-stock transaction. It has an…
Business
China Expands Stock-Market Support as PBOC Opens Third Swap Facility Operation
China has introduced steps to help its stock market following a big drop in October. The Peoples Bank of China…
Business
Asian Stocks Slide as Investors Reassess AI Spending and Chipmaker Valuations
Asian stock markets faced pressure on November 3 as investors considered the returns from big investments in artificial intelligence infrastructure.…
Business
Luxury Brands Face a Changing Market as Consumer Expectations Evolve
The global luxury industry is entering a period of significant adjustment as consumer preferences, spending priorities and regional demand patterns…
Business
BP Completes Castrol Sale as Portfolio Restructuring Advances
BP has completed the sale of a 65% stake in its global lubricants business, Castrol, to US investment firm Stonepeak,…
Economy
Global Markets at a Crossroads: Big Tech Earnings and US Jobs Data Could Reshape Investor Sentiment
Global equity markets enter a crucial week as Apple, AMD and Palantir report earnings, while US employment data and central…
Finance
Digital Banking Competition Reshapes Traditional Financial Services
Digital banks and fintech companies are challenging traditional financial institutions through mobile services, faster payments and new financial products.
Economy
SBI Holdings Reports Record Profit Growth as Digital Finance Expansion Continues
Japan's SBI Holdings reports record first-half profit growth, supported by banking, securities and investment businesses, while expanding stablecoins and digital…