Tag: Business
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World’s largest olive oil company says market has ‘definitively’ entered new phase
The update comes as analysts raise concerns about the prospect of global olive oil supplies swinging dramatically from one season to the next.
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Databricks secures funding round at $188 billion valuation
July 16 : Databricks said on Thursday it has signed a term sheet for a strategic funding round that values the data analytics software firm at $188 billion. Here are a few details:• The round, which Databricks expects to close later this summer, is being led by existing investor Coatue and will inc
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Oil rises on intensifying US-Iran hostilities, threat of Red Sea closure
NEW DELHI, July 17 : Oil prices rose on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi political and military organisation to stand ready to shut the Red Sea export route. Brent…
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Uniper targets data centres in strategy shift, plans €5 billion in investment
BERLIN, July 17 : Uniper reaffirmed its transformation strategy on Friday, targeting new revenue from data centers at its power plant sites as the German energy group plans to invest around €5 billion ($5.72 billion) by 2030 in flexible power generation and renewables.The company, which Germany bailed out
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Exclusive-JERA begins study on US listing as it steps up overseas expansion, sources say
TOKYO, July 17 : JERA, Japan’s biggest power generator, has begun a feasibility study for a U.S. listing as it explores means of expanding overseas and broadening funding options, said three people familiar with the matter.The unlisted company, owned by Tokyo Electric Power and Chubu Electric Power, has long
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Seven & i shares jump 3% on Zabka convenience store stake talks
TOKYO, July 17 : Shares in Seven & i rose 3 per cent in Tokyo on Friday as the Japanese retailer said it was in talks to buy a stake in Polish convenience store operator Zabka Group.The 7-Eleven owner is considering acquiring Zabka shares held by funds, with the investment likely to total several hundre
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South Korea-US team unveils robotic technology that dresses the wearer
DAEJEON, South Korea, July 17 : A team of South Korean and U.S. researchers has unveiled a robotic technology that allows a person to suit up without using their hands or aid from others, with potential for applications in chip cleanrooms and emergency services. The technology developed by researchers at Sout
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Databricks valued at $188 billion after Coatue-led investment, WSJ reports
July 16 : Investment firm Coatue Management is leading a $3 billion investment in data analytics provider Databricks that values the company at $188 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Databricks, one of the world’s most valuable privately held technol
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Oil rises on intensifying US-Iran hostilities and threat of Red Sea closure
PERTH, July 17 : Oil prices inched higher on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi movement to stand ready to shut the Red Sea export route. Brent crude futures rose…
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SpaceX’s Starship rocket aborts before liftoff, Musk says launch probable next week
WASHINGTON, July 16 : SpaceX’s Starship rocket triggered a last-second abort before liftoff for its 13th flight test from Texas on Thursday as some of its 33 engines failed to start, with CEO Elon Musk saying it will likely try to launch again early next week.Shares of SpaceX, which went public last month, fe
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