Eurasia

Amazon.com Inc’s (NASDAQ:AMZN) Amazon Web Services (AWS) unveiled its plan to invest €7.8 billion in the AWS European Sovereign Cloud in Germany through 2040.  The initiative will commence with the launch of the first AWS Region in the State of Brandenburg, Germany, by the...

Uber Technologies, Inc. (NYSE:UBER) and Delivery Hero SE have struck a deal, with Uber set to acquire Delivery Hero’s foodpanda delivery arm in Taiwan for $950 million in cash. Separately, the companies have also agreed for Uber to purchase $300 million in newly...

Brussels is reportedly poised to unveil fresh antitrust allegations against Microsoft Corp (NASDAQ:MSFT) concerning its videoconferencing platform Teams, signaling continued EU efforts to curb the market dominance of major tech firms. The European Commission is advancing with formal...

Technology giant Microsoft Corp (NASDAQ:MSFT) reportedly intends to invest €4 billion ($4.3 billion) in constructing cloud and AI infrastructure in France, marking its latest significant expenditure in artificial intelligence technology. Microsoft aims to train a million individuals and...

E-commerce giant Amazon.com Inc (NASDAQ:AMZN) is reportedly making a significant investment exceeding €1.2 billion ($1.3 billion) in its French operations, aiming to create over 3,000 permanent positions within the country. The French presidency revealed plans for Amazon and other...

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK), the global electric mobility technology solutions brand of Chinese automaker Geely Automobile Holding (OTC:GELYY), priced its U.S. initial public offering (IPO) of 21 million American Depositary Shares (ADS) at $21 per share. The shares will...

Telefonica S.A. (NYSE:TEF) announced that O2 Telefónica launched a new 5G core network built entirely in the cloud, using technologies from European network equipment provider Nokia Corporation (NYSE:NOK) and from Amazon.com Inc’s (NASDAQ:AMZN) Amazon Web Services (AWS). The 5G Cloud Core...

KKR & Co. Inc. (NYSE:KKR) announced the signing of definitive agreements to acquire Healthium Medtech Ltd. from an affiliate of Funds advised by Apax Partners LLP. Financial details were not disclosed. Based in India, Healthium is a medical devices company...

Unilever PLC (NYSE:UL) shares are trading higher following first-quarter FY24 earnings. Turnover rose 1.4% Y/Y to 15.0 billion euros, with -2.0% impact from currency and -0.9% from net disposals. Underlying sales grew 4.4%, with volume growth of 2.2% and price growth of 2.2...

BHP Group Ltd (NYSE:BHP), the world’s largest mining company, has initiated a bid to acquire rival Anglo American Plc (OTC:AAUKF) (OTC:NGLOY), potentially triggering significant upheaval in the industry after years of dormancy. Anglo American, valued at £27 billion ($34 billion), ...

Heineken NV (OTC:HEINY) clocked revenue growth of 7.2% Y/Y in the first quarter of FY24 to 8.18 billion euros, driven by volume growth of 4.3% Y/Y and net revenue (beia) per hectolitre increase of 4.9% Y/Y. Beer volume increased 4.7% organically Y/Y on growth across all...

The future of the automotive industry looks upbeat, with almost one-third of cars on China’s roads expected to be electric by 2030, along with nearly one-fifth in both the U.S. and the European Union, according to a report by the International Energy Agency (IEA). More than one in...

On Monday, TotalEnergies SE (NYSE:TTE) inked an agreement to buy a 50% stake in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn for $530 million, subject to closing adjustments. SapuraOMV’s primary assets are its 40% operated stake in block...

Adient PLC (NYSE:ADNT) has put forward restructuring plans in Europe to reduce operating, administrative and engineering costs.  The plan primarily consists of workforce reductions and the transfer of work to countries with lower labor costs. This move is in response...

Hibbett, Inc. (NASDAQ:HIBB) shares are trading higher by 18% in the premarket session on Tuesday. Hibbett announced a definitive agreement in which JD Sports Fashion PLC (OTC:JDSPY) will acquire Hibbett for $87.50 per share in cash, representing an aggregate enterprise...