Browsing: Business
ABU DHABI, 16 October 2025: A consortium comprising Abu Dhabi-based MGX, the Artificial Intelligence Infrastructure Partnership (AIP), and BlackRock’s Global Infrastructure Partners (GIP) has announced an agreement to acquire 100 percent of Aligned Data Centers from funds managed by Macquarie
BRUSSELS, October 11, 2025: The European Commission announced on Friday the addition of six new AI Factories to its growing network, marking a significant step in its efforts to position the European Union as a global hub for artificial intelligence. The expansion brings the total
The Hague, October 13, 2025: The Dutch government has taken direct control of Nexperia, a Netherlands-based chipmaker owned by China’s Wingtech Technology, citing significant governance shortcomings and the need to protect national economic security. The rare intervention was announced on
The Hague, October 13, 2025: The Dutch government has taken direct control of Nexperia, a Netherlands-based chipmaker owned by China’s Wingtech Technology, citing significant governance shortcomings and the need to protect national economic security. The rare intervention was announced on October 12 and carried
MARSHALL, Texas, October 11, 2025: A federal jury in Marshall, Texas, has ordered Samsung Electronics to pay $445.5 million in damages to Collision Communications, finding that the South Korean technology company willfully infringed four patents tied to wireless communication standards used in 4G, 5G and
NEW YORK, October 9, 2025: Gold prices broke through the $4,000 per ounce barrier for the first time, prompting a sharp rally in mining stocks globally as investors shifted focus to companies positioned to benefit from the historic surge in the precious
TOKYO, October 8, 2025: Japan recorded a current account surplus of 3.78 trillion yen ($24.9 billion) in August, down 4.8 percent from a year earlier, according to preliminary data released Wednesday by the Ministry of Finance. The decline was primarily
WASHINGTON, October 7, 2025: The World Bank has raised its economic growth forecast for 2025 across the region encompassing the Middle East, North Africa, Afghanistan and Pakistan, known collectively as MENAAP, citing stronger-than-expected activity in Gulf economies and resilient performance in non-oil sectors. According to the
KARACHI, Pakistan, Oct 7, 2025: A growing number of multinational corporations are exiting or scaling down their operations in Pakistan, citing regulatory hurdles, macroeconomic instability, and broader global restructuring strategies. The latest among them is Procter & Gamble, which has
WASHINGTON, October 6, 2025: Gold prices reached an all-time high on Monday, surging above $3,960 per ounce as global investors sought safety amid increasing economic and geopolitical uncertainty. Spot gold climbed to $3,963.42 per ounce in early trading, setting a