Indonesia faces a massive financial challenge in its shift to greener energy for captive power, requiring an estimated $31 billion in investment by 2030 and a total of $92 billion by 2050, according to a new report from the Just Energy Transition Partnership (JETP).The captive power sector, defined as electricity…
OpenAI has held early discussions with investors about raising fresh capital at a valuation of around $750 billion, The Information reported on Wednesday, underscoring the extraordinary pace of capital flowing into the artificial intelligence sector.According to the publication, the ChatGPT maker could seek to raise as much as $100 billion.…
Prominent New York investor, Standard General, has been approached about acquiring all or part of Warner Bros Discovery’s cable television business, including CNN, reported Financial Times.Soo Kim, founder of hedge fund Standard General, has held discussions about potentially buying or investing in WBD’s television networks, according to people familiar with…
The US Federal Reserve has lifted formal supervisory notices that required Citigroup to address weaknesses in its trading risk management. According to a Reuters exclusive, the decision marks a meaningful easing of regulatory pressure on the third-largest US bank, which has spent years working through control and data issues. The…
The FTSE 100 Index jumped by 20% in 2025, reaching its all-time high of £9,945. It has soared by nearly 30% from its lowest level in April, a performance that has mirrored that of other global indices like the S&P 500 and the Nasdaq 100. This article looks at the…
Lululemon stock price has had another bad year as it crashed by 45%, even as the S&P 500 and Nasdaq 100 indices jumped to record highs. It has dropped from the all-time high of $516 in December 2023 to the current $207, bringing its market cap from $68 billion to…
Activist hedge fund Elliott Management has built a stake of more than $1 billion in Lululemon Athletica, positioning itself as one of the athletic apparel maker’s largest shareholders as it pushes for changes aimed at reviving the struggling brand, a source familiar with the matter told Reuters.The move comes at…
Spot Bitcoin exchange-traded funds recorded a sharp rebound in investor interest on Wednesday, pulling in $457 million in net inflows, the strongest single-day intake in more than a month. The surge suggests institutional demand may be stabilising after a volatile stretch marked by alternating inflows and outflows through November and…
OpenAI and Anthropic are assessing plans to expand their office footprints in Dublin, highlighting how Europe is becoming a more central market for artificial intelligence services. Both companies currently operate out of small, flexible workspaces in the Irish capital, but are now exploring larger, more permanent offices as demand for…
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