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Enel Expands U.S. Renewable Portfolio with $50M Wind Farm Deal

May 26, 2025 09:00 am UTC| Business

Enel (BIT:ENEI), the Rome-headquartered energy giant, has signed a key agreement with Gulf Pacific Power to boost its renewable energy footprint in the United States. The deal includes a cash payment of approximately $50...

Capgemini and SAP Team Up to Deliver Mistral AI Solutions for Regulated Industries

May 26, 2025 08:54 am UTC| Business Technology

French IT giant Capgemini has announced a strategic partnership with German software leader SAP to develop and deploy customized Mistral AI solutions for sectors with strict data security and compliance requirements. The...

Lufthansa Extends Suspension of Tel Aviv Flights Until Mid-June

May 26, 2025 08:51 am UTC| Business

German airline group Lufthansa (LHA) has announced an extension of its flight suspension to Tel Aviv, with services now paused until June 15. The temporary halt affects not only Lufthansa flights but also those operated by...

Why a ‘rip-off’ degree might be worth the money after all – research study

May 26, 2025 08:42 am UTC| Insights & Views Life Business

Certain university degrees especially in the arts and humanities are often maligned as rip-offs or Mickey Mouse degrees. The argument is that while some degrees lead to high-paying jobs, others offer little financial...

Citigroup Names Prashant Thakker as Head of Corporate Banking for South and Southeast Asia

May 26, 2025 05:41 am UTC| Business

Citigroup (NYSE:C) has appointed Prashant Thakker as Head of Corporate Banking for South and Southeast Asia, effective immediately, according to an internal memo confirmed by a Citi spokesperson. In his new role, Thakker...

Gold Price Target Raised to $3,500 Amid Tariff Threats and Geopolitical Risks

May 26, 2025 05:38 am UTC| Business

Citi has raised its short-term gold price target back to $3,500 per ounce, citing rising geopolitical tensions and the renewed threat of U.S. tariffs on the European Union. In its latest note, the bank expects gold to...

OpenAI to Launch Seoul Office Amid Surge in ChatGPT Demand

May 26, 2025 05:25 am UTC| Technology Business

OpenAI has announced plans to open its first office in Seoul, South Korea, marking a major step in its global expansion as demand for ChatGPT continues to rise. The company confirmed on Monday that it has already set up a...

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Economy

Russian Stocks End Flat as MOEX Index Hits New 52-Week Low

Russian stocks closed largely unchanged on Sunday, with the MOEX Russia Index ending the session flat at 0.00% while marking a new 52-week low. The lack of movement across major Russian equities reflected a subdued trading...

France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi

France may remain stuck in a prolonged period of weak domestic demand, low inflation, and fiscal challenges as structural shifts in its labor market make the economy more vulnerable to high interest rates than other...

China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says

Chinas economy continued to show a sharp divide in May, with a booming artificial intelligence (AI)-driven manufacturing sector helping sustain growth while domestic demand remained weak, according to a recent research...

Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire

U.S. President Donald Trump announced Saturday that no tolls will be charged for ships passing through the Strait of Hormuz during the proposed 60-day interim ceasefire period with Iran. Trump also stated that no fees...

Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed

Russian stocks closed flat on Saturday, with the MOEX Russia Index ending unchanged at 0.00% and touching a fresh 52-week low during trading. The lack of movement across the market reflected cautious investor sentiment,...

Politics

US-Iran Talks Continue in Switzerland Despite Reports of Breakdown Amid Rising Regional Tensions

Diplomatic negotiations between the United States and Iran remained ongoing in Switzerland on Sunday, despite reports from Iranian media claiming Tehran had suspended participation following fresh military threats from...

Keir Starmer Faces Growing Pressure as Andy Burnham’s Victory Sparks Labour Leadership Debate

British Prime Minister Keir Starmer is reportedly weighing his political future following Andy Burnhams commanding parliamentary election victory, a result that has intensified calls within the Labour Party for a...

Ramiro Valdes, Cuban Revolution Hero and Fidel Castro Ally, Dies at 94

Ramiro Valdes, one of Fidel Castros earliest allies and a prominent figure in the Cuban Revolution, has died at the age of 94, according to Cuban President Miguel Diaz-Canel. The announcement was made on social media on...

Andy Burnham Leadership Speculation May Boost FTSE 100 as Gilt Yields Rise

Andy Burnhams recent victory in the Makerfield by-election has sparked speculation about a potential future challenge to U.K. Prime Minister Keir Starmer, raising questions about the outlook for U.K. government bonds, gilt...

US Military Says Strait of Hormuz Remains Open Despite Iran Closure Claim

The U.S. military has rejected Irans claim that the Strait of Hormuz has been closed, emphasizing that one of the worlds most important oil shipping routes remains fully operational. Speaking to Reuters on Saturday, U.S....

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Google’s Open-Source AI Data Center Cooling Design Raises Commoditization Concerns

Googles newly introduced open-source liquid-cooling design for AI data centers is drawing attention across the data center infrastructure industry, with analysts suggesting it could accelerate the commoditization of...

John Jumper Leaves Google DeepMind for Anthropic Amid Intensifying AI Talent Race

John Jumper, the Google DeepMind researcher who shared the 2024 Nobel Prize in Chemistry for his groundbreaking work on the AlphaFold artificial intelligence system, has announced that he is leaving Google DeepMind to join...

Trump Says Anthropic No Longer Seen as National Security Threat

U.S. President Donald Trump said he no longer views artificial intelligence company Anthropic as a national security threat, marking a significant shift from his stance just a week earlier. The comments came during an...

Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks

Meta Platforms is reportedly lobbying U.S. lawmakers to include legal protections for social media companies in the proposed Kids Online Safety Act (KOSA), a move that could significantly impact thousands of lawsuits...

SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow

SpaceX (NASDAQ: SPCX) shares extended their pullback on Thursday after a remarkable post-IPO rally, as investors locked in profits and questioned the companys lofty valuation. The stock, which dropped nearly 10% earlier in...