Data centre operator IREN announced on Monday that it has signed a five-year, $9.7 billion cloud services agreement with Microsoft, giving the technology giant access to Nvidia’s GB300 processors. The partnership marks a major step in Microsoft’s ongoing effort to expand AI infrastructure and secure computing power amid intensifying demand…
Three years ago, Cambodian Prime Minister Hun Sen presented a collection of locally crafted wristwatches to world leaders, including Joe Biden, Justin Trudeau and Anthony Albanese. Each watch bore the logo of Prince Holding Group, a conglomerate headed by Chen Zhi, a China-born entrepreneur who had reinvented himself as a…
India’s digital payments landscape has matured from a rapid-growth experiment into a phase of financial discipline and market-driven clarity. At the centre of this evolution stands Pine Labs Ltd., the Noida-based merchant payments company backed by Mastercard Inc. and PayPal Holdings Inc. The firm is preparing to raise up to…
European markets began the new week and month with a positive, albeit cautious, tone on Monday, as investors digested a strong earnings report from Ryanair ahead of a pivotal week for central bank decisions.The pan-European Stoxx 600 index opened just above the flatline. Shortly after the start of trading, the…
India’s financial crime agency has provisionally frozen Rs 30.84 billion ($350.87 million) in assets linked to Ani Ambani’s Reliance Group.The Enforcement Directorate (ED) initiated the action as part of an extensive money-laundering investigation into loans issued by YES Bank Ltd between 2017 and 2019 amounting to more than $568.86 million.…
Shares of South Korea’s leading entertainment companies rallied after South Korea’s national broadcaster KBS signed a content exchange agreement with China Media Group (CMG), signaling a potential end to the unofficial ban that has long stifled South Korean entertainment in the Chinese market.SM Entertainment rose more than 8%, JYP Entertainment…
Ryanair reported a stronger-than-expected first-half profit on Monday, supported by robust summer demand and improved aircraft deliveries from Boeing, prompting the airline to raise its full-year passenger forecast.The Irish carrier, Europe’s largest by passenger numbers, posted an after-tax profit of 2.54 billion euros ($2.96 billion) for the six months to…
In a move that underscores Washington’s escalating tech rivalry with Beijing, US President Donald Trump announced that Nvidia’s most advanced Blackwell AI chips will be restricted to American buyers. The decision, revealed during a CBS ’60 Minutes’ interview and confirmed to reporters aboard Air Force One, marks one of the…
Xpeng has maintained an unbroken streak of growth through 2025, a rare feat in China’s highly competitive electric vehicle market. The company delivered 42,013 vehicles in October, marking the second time this year it has surpassed the 40,000 mark.The latest milestone follows the rollout of its Mona series, a mass-market…
Luminar stock price has crashed to a record low as concerns about its going concern remained. LAZR plunged by over 45% on Friday, a trend that continued in the premarket when it dropped by 3%. Luminar’s collapse has led to a $13 billion wipeout as its market capitalization dropped from over…