Australia is taking a decisive step towards merging artificial intelligence and clean energy. Nvidia Corp. has joined forces with local startup Firmus Technologies Ltd. to create a network of AI data centres powered entirely by renewable sources. Known as Project Southgate, the A$4.5 billion ($2.9 billion) initiative has begun construction…
Nestlé SA is planning to cut around 16,000 jobs globally as part of a two-year restructuring effort led by its new Chief Executive Officer, Philipp Navratil. The layoffs, representing roughly 6% of the company’s workforce, Bloomberg reports, come as the Swiss food giant aims to adapt to shifting consumer habits,…
Singapore’s sovereign wealth fund, GIC, has taken legal action against Chinese electric vehicle maker Nio Inc., accusing it of inflating revenues through complex accounting linked to its battery-swap business. The lawsuit,Bloomberg reports, filed in August in the Southern District of New York, targets Nio, its CEO Li Bin, and former…
The brief and brilliant rally that graced European markets has come to an abrupt and jarring end. The powerful optimism of Wednesday, fueled by a surge in luxury brands, has vanished, replaced on Thursday by a fresh wave of selling that has sent London’s benchmark index tumbling and cast a…
Taiwan Semiconductor Manufacturing Co. (TSMC) has reported a sharp rise in quarterly profit, underscoring how artificial intelligence (AI) is rewriting the dynamics of global chip supply chains. The 39% jump in net income to NT$452.3 billion ($14.8 billion) in the September quarter exceeded analysts’ forecasts of NT$405.5 billion, as the…
Barclays share price has moved sideways this week as investors focus on the ongoing earnings by its biggest American peers like JPMorgan, Goldman Sachs, and Morgan Stanley. BARC was trading at 380p, inside a range it has been in the past few days. This price is about 72% above the…
Asian equities advanced on Thursday, extending gains from the previous session as investors grew increasingly confident that the US Federal Reserve would soon begin cutting interest rates. Gains across the region, however, were tempered by escalating trade tensions between Washington and Beijing.China and Hong Kong stocks feel jittersChina’s Shanghai Composite…
Even as gold prices continue to hit new record highs every trading day, the rally might still have some legs, according to the World Gold Council. Gold hit a new high of $4,258.76 per ounce on Thursday. Its future trajectory hinges on investor reactions to tactical and fundamental elements. “In our view,…
Dow futures rose nearly 150 points on Thursday, reflecting cautious optimism among investors following strong earnings from major banks.A similar pattern was visible across other Wall Street indices like the S&P, futures were up 0.1% and Nasdaq 100 futures increased 0.2% today.Amid increased uncertainty over escalating US-China trade tensions and…
Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ( ‘ Skyharbour ‘ or the ‘ Company ‘) is pleased to report that its partner company Terra Clean Energy Corp. (‘Terra’, previously Tisdale Clean Energy) has highlighted the rare earth element (‘REE’) potential at the Fraser Lakes…