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.
Wall St hedge funds reduced megacaps in the third quarter
According to the most recent quarterly disclosures, Wall Street's biggest hedge funds have reduced their exposure to certain Magnificent Seven companies, such as Nvidia and Alphabet, and placed new bets on sectors like application software, ecommerce, and payments. The following are some key positions changes made by the funds.
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…
Sponsored: Record Deals and Record Attendance Underscore ADIPEC’s Global Impact
Record-breaking 239,709 attendees from 172 countries gathered at ADIPEC 2025, reaffirming UAE’s convening power and its role as a global hub for energy, partnerships and innovation. ADIPEC 2025 generated an estimated US$400 million in economic benefits for Abu Dhabi’s economy…
Andy Home, recycling pioneer, races to close rare earths scrap gaps
This question is more urgent now than ever after China restricted its exports in the first half of this year. The move sent shockwaves throughout Western manufacturing chains. The race to create domestic mine-to magnet supply chains is accelerating, especially in the United States.
Andy Home, recycling pioneers racing to close rare earths scrap gaps
This question is more urgent now than ever after China restricted its exports in the first half of this year. The move sent shockwaves throughout Western manufacturing chains. The race to create domestic mine-to magnet supply chains is accelerating, especially in the United States.
Wall Street Journal, September 12,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Microsoft and OpenAI reached a tentative deal to ease tensions in their partnership. This agreement removes a major obstacle for the ChatGPT maker’s for-profit restructuring plans…
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.
Constellation Energy exceeds profit expectations on robust power demand
Constellation Energy, a major U.S. energy company, beat Wall Street expectations for the second-quarter adjusted profits on Thursday. This was due to rising demand from data centres and lower interest costs. Constellation and other independent power companies have benefitted from the record-high electricity demand.
AI revolution to transform Europe's outdated power plants
Microsoft and Amazon are looking to convert some of Europe's old coal and gas-fired power plants into data centres with ready access to electricity and water. Engie in France, RWE in Germany, and Enel in Italy are all looking to capitalize on the surge of AI-driven…
Vessel Owners Seek to End Contracts With Russian-Backed Nayara Energy
The owners of three vessels chartered by India's Nayara Energy have asked to end their contracts with company, six sources familiar with the matter said on Tuesday, under pressure from EU sanctions imposed on the Russian-owned refiner.Nayara, majority-owned by Russian entities including oil major Rosneft…
Temasek portfolio value reaches record high, says US risk has likely peaked
Singapore's Temasek, the state-owned investor in Singapore, reported on Wednesday a 11.6% increase year-on-year to S$434 Billion ($340 Billion) and that risks related to U.S. immigration policies and tariffs and fiscal tightening had probably peaked. On Monday, U.S.
Clean-energy supporters blast US budget as a setback
Clean energy advocates decried Thursday the House of Representatives' final passage of the President Donald Trump tax cut bill as a reverse in the energy transition. Meanwhile, fossil fuel interests celebrated. The bill now goes to Trump's desk. Trump is expected sign the bill on Friday.
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…
Malaysia PM pledges $10 billion for national grid upgrade
Anwar Ibrahim, Malaysia's Prime Minister, said that Tenaga Nasional had committed to upgrading the national grid infrastructure with 43 billion ringgit (about $10 billion). Anwar, who opened the Energy Asia Conference, said that the grid upgrade will help the country…
Amazon will invest $13 billion over 5 years in Australia's Data Center Infrastructure
Amazon announced in a Saturday blog post that it will invest A$20 Billion ($12.97 Billion) between 2025 and 2029 in Australia to expand, maintain, and operate its data center infrastructure. This investment is expected to boost the country's artificial-intelligence capabilities.
UN agency: Tech giants' indirect emission has increased 150% in the last three years, as AI grows.
A United Nations report on Thursday said that indirect carbon emissions from four of the world's leading AI tech companies increased by an average of 150% between 2020 and 2023 due to power-hungry data centers. According to the International Telecommunication Union, the U.N.
UN agency: Tech giants' indirect emission has increased 150% in the last three years, as AI grows.
A United Nations report on Thursday said that indirect carbon emissions from four of the largest AI-focused tech firms, Amazon, Microsoft Alphabet, and Meta, increased by an average of 150% between 2020-2023 as they used more power to run energy-demanding servers. According to the International Telecommunication Union, the U.N.
Last-ditch lobbying campaign aims to save Biden’s clean-energy tax credit
Trade groups in the U.S. Energy Industry have launched a last minute lobbying campaign to urge Congress to spare former President Joe Biden’s clean energy tax credit from being cut out of the Republican budget plan. The House Ways and Means Committee proposed on Monday…
Microsoft's Ribera claims that it has complied with European regulations
Teresa Ribera, Vice President of the European Commission, said that Microsoft Chairman Brad Smith told her company to abide by European regulations whether they are in agreement or not. Ribera, in a recent interview with reporters during which she discussed issues…