On August 29, Germany will launch its second liquefied natural gas (LNG) import terminal at Wilhelmshaven port. This move by state operator Deutsche Energy Terminal (DET) is part of the country’s efforts to diversify its energy supply, according to a Reuters report. The unprovoked invasion of Ukraine by Russia in 2022 triggered…
Snowflake shares soared 14% during Thursday premarket trading after the cloud data platform beat Q2 earnings estimates and raised its revenue forecast while signalling accelerating demand for its artificial intelligence offerings. Revenue for the quarter rose 31.8% to $1.14 billion from a year ago against an expected $1.09 billion.For the…
Chinese AI chip company Cambricon Technologies delivered some impressive numbers that have everyone talking. The company saw its revenue skyrocket by 4,400% and actually turned a profit for the first time in a six-month period.This development is a big deal geopolitically. With the US tightening restrictions on chip exports to…
Bloomberg reports, Sotheby’s will stage its first-ever auction series in Abu Dhabi this December, a move that reflects the emirate’s growing ambition to become a hub for art, culture, and luxury investments. Running from 2 to 5 December, the series will be part of Abu Dhabi Collectors’ Week and include…
Shares in French spirits group Pernod Ricard rose by more than 5.7% on Thursday after the company reported a smaller-than-expected fall in annual sales and profit, while offering guidance that pointed to improving trends in the latter half of fiscal 2026. The performance was received positively by investors, who had…
Tesla’s presence in the European electric vehicle market weakened further in July, with sales declining for the seventh consecutive month. According to new data released by the European Automobile Manufacturers Association (ACEA), Tesla recorded a 40% year-on-year drop in new registrations, while Chinese rival BYD achieved a sharp increase. The…
Warren Buffett’s Berkshire Hathaway has increased its stake in Japan’s Mitsubishi Corp to 10.23%, crossing a symbolic ownership threshold and deepening the conglomerate’s presence in the Japanese trading house sector. This latest move, executed through Berkshire’s wholly-owned subsidiary National Indemnity Company, raised stakes from 9.74% previously and reaffirms Buffett’s bullish…
Asian equities finished mostly higher on Thursday, with strong results from US chipmaker Nvidia helping ease concerns about slowing artificial intelligence demand. Gains across the region were, however, tempered by worries over Federal Reserve independence and reports suggesting Mexico plans to raise tariffs on Chinese imports as part of its…
On August 29, Germany will launch its second liquefied natural gas (LNG) import terminal at Wilhelmshaven port. This move by state operator Deutsche Energy Terminal (DET) is part of the country’s efforts to diversify its energy supply, according to a Reuters report. The unprovoked invasion of Ukraine by Russia in 2022 triggered…
Snowflake shares soared 14% during Thursday premarket trading after the cloud data platform beat Q2 earnings estimates and raised its revenue forecast while signalling accelerating demand for its artificial intelligence offerings. Revenue for the quarter rose 31.8% to $1.14 billion from a year ago against an expected $1.09 billion.For the…