Tag: fast
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Berkshire CEO Abel sees opportunity for energy business from AI
NEW YORK, Sep 2 : Berkshire Hathaway Chief Executive Greg Abel said on Wednesday he sees significant opportunities for the conglomerate’s energy business from the buildout of AI data centers, after Berkshire made Google parent Alphabet its third-largest common stock holding.Speaking on CNBC, Abel said he vie
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Thailand backs rooftop solar to guard against LNG price surges, minister says
BANGKOK, Sept 2 : Thailand will help the public install 5 gigawatts of rooftop solar panels within a year to shield a million homes from soaring energy prices driven by the Middle East conflict, Energy Minister Akanat Promphan said on Wednesday. The plan will use financing from a 400 billion baht ($12.02 bil
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US tech firms may crowd out others in euro bond market and raise credit risk
FRANKFURT, Sept 2 : U.S. tech giants are flooding the euro zone bond market to fund huge AI investments, potentially crowding out other borrowers, pushing up financing costs even for governments and raising credit risks, according to a European Central Bank blog post.Tech firms such as Google, Amazon and Micr
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Stocks fall, bond rout deepens as US and Iran trade attacks
Sept 2 : World stocks fell on Wednesday as fresh U.S. airstrikes on Iran pushed oil prices to five-week highs, stoking inflation concerns and extending a global bond selloff. The U.S. struck Iranian military targets near the Strait of Hormuz, while Tehran said it had targeted U.S. assets across the region,
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Dell shares gain after strong AI server demand boosts annual forecast
Sept 2 : Dell Technologies’ shares climbed nearly 10 per cent in premarket trading on Wednesday, as strong demand for its AI-optimized servers powered an increase in its annual revenue and profit forecasts.AI infrastructure companies have benefited from rising demand as tech firms and hyperscalers ramp up inv
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Oil prices steady as traders weigh supply risks
Sept 2 : Oil prices were little changed on Wednesday after climbing to more than one-month highs earlier in the session as traders weighed the risk of supply disruptions following overnight U.S. and Iranian strikes against signs that crude supplies continue to reach the market.Brent crude futures rose 9 cents
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Dollar hits two-week high, Middle East conflict and rate paths in focus
(Corrects milestone to ‘two-week high’, not ‘seven-week high’, in headline and first paragraph)By Stefano Rebaudo and Satoshi SugiyamaSept 2 : The dollar hit a two-week high on Wednesday as investors turned to the U.S. currency amid growing concerns about the economic impact of the energy shock and we
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Opera loses court challenge against EU exemption of Microsoft’s Edge from DMA rules
BRUSSELS, Sept 2 : Norwegian browser maker Opera on Wednesday lost its court challenge against EU antitrust regulators’ decision to exempt Microsoft’s browser Edge from rules reining in the power of Big Tech.The European Commission in its 2024 decision said Edge was not an important gateway for businesses to
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AirAsia launches first codeshare with Turkey’s Pegasus Airlines
KUALA LUMPUR, Sept 2 : AirAsia is launching its first-ever codeshare partnership with Turkey’s low-cost carrier Pegasus Airlines, opening up connections between Southeast Asia and Europe via Istanbul, the airline said on Wednesday.The partnership initially covers London, Moscow, Athens, Ankara and Zurich, and
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Dollar hits 7-week high, Middle East conflict and rate paths in focus
Sept 2 : The dollar hit a seven-week high on Wednesday as investors turned to the U.S. currency amid growing concerns about the economic impact of the energy shock and weighed diverging monetary policy paths across major economies.The U.S. and Iran found themselves back on a war footing on Wednesday after the
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