UK Wage Growth Holds at 3.5% as Unemployment Rises 
Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks 
Gold Prices Slide as Treasury Yields Surge, Fed Minutes in Focus 
Wall Street Slides as Treasury Yields Surge to 19-Year High 
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows 
Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate 
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3 
US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices 
European Stocks Edge Higher as Fed Rate Pause Bets Rise 
NAB Q3 Cash Earnings Rise 2% as Lower Credit Charges Boost Profit 
Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center 
US Dollar Holds Steady as Fed Rate Bets and Iran Tensions Drive Markets 
Asian Stocks Slide as Chip Selloff and High Bond Yields Hit Markets 
OpenAI Tightens AI Safety Monitoring After Security Incidents 
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion 
Trump Pauses 50% Canada Tariffs for Three Days as U.S. Trade Deal Takes Shape 
Gold Prices Edge Higher as Dollar Weakens Ahead of Fed Minutes 
Add as a preferred source on Google
Hanwha Solutions Corp. is acquiring a 100 percent stake in French wind and solar power plant operator RES Mediterranee SAS for $860 million to enhance its presence in Europe’s renewable energy market.
The latest deal, which Hanwha seeks to close by the end of October, is part of the conglomerate’s aggressive move to nurture renewable energy among its key growth drivers.
The deal also marks the first time Hanwha invested close to one trillion won in the renewable energy sector.
RES Mediterranee is one of the top 10 renewable energy companies in France, operating five gigawatts of wind farms and solar parks.
Hanwha Solutions competed with the likes of Total and Germany’s RWE to clinch the deal.
RES Group claims to be the world’s largest independent renewable energy firm, having built projects with a total generating capacity of 21 GW across the globe. It has an operational asset portfolio of over 7 GW for clients.
The acquisition of RES Mediterranee will bring Hanwha's total renewable energy generation capacity to 15 GW.
