U.S. Companies hold their line in climate talks despite Trump
Despite the U.S. Government's deterioration on climate change ahead of the COP30 Summit, American companies didn't shy away. According to an analysis of the attendance lists, there were 60 Fortune 100 representatives at this year's event in Brazil, as opposed to 50 last year at Baku, Azerbaijan. Others attended pre-conferences in Brazil's financial hub Sao Paulo, and Rio de Janeiro. On a U.N.
US and Saudi announce new business deals during investment forum
Saudi Arabian and U.S. officials highlighted billions of dollars in new investments on Wednesday, coinciding the Saudi Arabian Crown prince Mohammed bin Salman’s Washington visit. According to the program for the event, the CEOs of Chevron and Qualcomm as well as General Dynamics, Cisco, General Dynamics, Pfizer, and Alphabet's Google will attend the U.S. Saudi Investment Forum in Washington.
Saudi Crown Prince tries to improve image of Saudi Arabia with top corporate executives
WASHINGTON, November 19 - Saudi Arabian crown prince Mohammed bin Salman, who was reintroduced to Washington by President Donald Trump with a glowing White House endorsement, will rub shoulders on Wednesday with some of the most powerful corporate executives in America. According to the program for the event, the CEOs of Chevron and Qualcomm will attend, along with senior executives from IBM and Alphabet's Google.
Elon Musk, Jensen Huang to talk AI at US-Saudi investment forum
According to a document that was seen by us, Elon Musk of Tesla and Jensen Huang of Nvidia will be taking part in a panel discussion about artificial intelligence and technology on Wednesday at the U.S. Saudi Arabia Investment Forum in Washington. The document stated that "This conversation will examine the emerging forces shaping a new wave of technological advancement…
Source: CEOs of Chevron Qualcomm and Pfizer will attend US-Saudi event.
According to a source with knowledge of the event, CEOs from Chevron and Qualcomm will be attending the U.S.-Saudi Arabia Investment Forum in Washington this week, during the visit by Saudi Crown Prince Mohammed bin Salman. Bin Salman is expected to highlight the increasing business ties between Saudi Arabia and the United States during his first visit to the U.S. in 2018. The event will take place at the John F.
RWE Reports Near 15-Year High Boosted by Data Center Sale
RWE, Germany's largest power producer, reported higher-than-expected profit for the first nine months of the year, boosted by a 225 million euro ($262 million) book gain on the sale of a data centre project to a large unnamed cloud service provider.Shares in RWE, which is also the world's second-biggest developer of offshore wind projects, rose as much as 7% to their highest level since March 2011.
NextEra beats quarterly profit estimates on renewables strength, robust power demand
NextEra Energy surpassed Wall Street expectations for its third-quarter adjusted profits on Tuesday. This was due to the strength of its renewables unit, as well as increased demand from data centres fueling artificial intelligence's boom. According to the U.S. Energy Information Administration, power consumption will reach record levels in 2025 and in 2026 due to a surge of demand for data centers that run artificial intelligence technology.
Wall Street Journal, October 28,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Mercor, a startup which has been a key component of the ecosystem in improving top AI models finalized a funding deal for $350 million, which would value the company as $10 billion. Amazon is planning to cut as many as 30 000 employees as soon as tomorrow, in the latest move to reduce costs and save money.
Wall Street Journal, October 3,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. - A multibillion-dollar deal to send Nvidia's artificial-intelligence chips to the United Arab Emirates is stuck in neutral nearly five months after it was signed, frustrating CEO Jensen Huang and some senior administration officials.
Vistra CEO Burke to receive $340 million in compensation amid revival of fossil fuels and nuclear energy
Vistra CEO James Burke will receive approximately $340 million in compensation for his role in bringing the Texas-based utility out of bankruptcy and into the spotlight as the most important power producer in America. Vistra shares are up about 450% from January 1, 2024. This is ten times more than the S&P500's gain of 42%. According to an analysis of restricted shares and stock options granted since 2016…
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. AIRBUS AIR.PA delivered 61 aircraft in August. This brings the total number of planes delivered by this year's world-leading planemaker to 434, according to industry sources on Wednesday. D'Ieteren - D'Ieteren announced its first-half result on Wednesday and confirmed its outlook for the full year.
Data center owners ask US Treasury to maintain renewable energy subsidy regulations
The Data Center Coalition, which includes Google, Amazon, and Microsoft as data center owners, has called on U.S. Treasury Sec. Scott Bessent, to maintain existing rules regarding wind and solar energy subsides, stating that they have allowed the industry to grow rapidly and remain ahead of China's competition. A tighter set of rules for qualifying projects for federal tax credits on clean energy could slow the development of new power generation…
Google will invest $6 billion into a data centre in southern India, sources claim
Google, the Alphabet division of Alphabet, will invest $6 billion in developing a 1 gigawatt data center and its power infrastructure within the southern Indian state Andhra Pradesh. This is the first investment made by the Alphabet in India. Two Andhra Pradesh sources who are directly involved in the matter said that the data centre will be built in Visakhapatnam and include $2 billion worth of renewable energy to power it.
Google will invest $6 billion into a data centre in southern India, sources claim
Google, the Alphabet division of Alphabet, will invest $6 billion in developing a 1 gigawatt data center and its power infrastructure within the southern Indian state Andhra Pradesh. This is the first investment made by the Alphabet in India. Two Andhra Pradesh sources who are directly involved in the matter said that the data centre will be built in Visakhapatnam and include $2 billion worth of renewable energy to power it.
The global investment in fusion power has increased the most since 2022
An industry group reported that global fusion energy investments grew by $2.64 Billion in the past year, since July last year, in its annual industry survey, released on Monday. However, companies surveyed said they still need more money to make the industry commercial. Investments rose in the United States, Japan, China, and Britain, and reached their highest level since 2022.
Google signs $3 billion US Hydropower Deal in Largest Clean Energy Agreement
Google announced on Tuesday that it had agreed to purchase up to 3 gigawatts (or more) of hydroelectric power in the United States, forming the largest corporate clean energy pact ever for hydroelectricity. This comes as Big Tech continues its expansion of data centers, which are notoriously energy-hungry. The agreement between Google and Brookfield Asset Management…
Google signs $3 billion US Hydropower Deal in Largest Clean Energy Agreement
Google announced on Tuesday that it had agreed to purchase up to 3 gigawatts (or more) of hydroelectric power in the United States, in what is the largest corporate clean energy pact ever made. This comes as Big Tech continues its expansion of data centers, which are notoriously energy-hungry. The agreement between Google and Brookfield Asset Management includes…
Malaysian data centres face higher electricity costs and unclear pricing
The operators of energy-hungry data centres in Malaysia are scrambling to reassess costs after steeper-than-expected power tariffs kicked in on Tuesday, industry players said, clouding prospects for the Southeast Asian hub of digital investments. Malaysia's competitive electricity rates, which make up the majority of data centre operating costs, have made it a magnet for companies such as Microsoft and Google, who invest billions in Malaysia.
INSIGHT-Oklahoma! How America hopes it can compete with China on critical minerals
A two-story warehouse nestled under Oklahoma's Wichita Mountains contains the only machine capable of refining Nickel, an important energy transition metal that is now dominated by China. The facility, which is owned by Westwin Elements a startup, hopes to make Oklahoma the epicenter of critical minerals processing in the United States, a field that was largely abandoned a few decades ago.
Rural Oklahoma aims to become a hub of critical minerals processing in the United States
A two-story warehouse nestled under Oklahoma's Wichita Mountains contains the only machine capable of refining Nickel, an important energy transition metal that is now dominated by China. The facility, which is owned by Westwin Elements, hopes to make Oklahoma the epicenter of critical minerals processing in the United States, a field that was largely abandoned by the country decades ago.