Tag: Business
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NextEra, Brookfield plan $100 billion data center at US uranium site in Kentucky
July 29 : NextEra Energy and Brookfield plan to develop a $100 billion data center campus and power plant at a federally owned former uranium enrichment site in Kentucky, the companies said on Wednesday.The Paducah, Kentucky, campus is the latest in a string of project announcements that pairs Department of
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Apple says UK App Store proposal amounts to price regulation
LONDON, July 29 : Apple said on Wednesday that proposed UK rules governing its App Store would amount to price regulation, arguing that plans to loosen its control over in-app payments could undermine innovation and investment.In a submission to Britain’s Competition and Markets Authority, the iPhone maker sa
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Microsoft is set to report earnings after the bell, and all eyes are on its spending plans
Investors are looking to see if Microsoft follows Alphabet in raising its capital spending plans
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Dollar eases as markets await Fed decision
NEW YORK, July 29 : The U.S. dollar edged down on Wednesday but stuck to familiar ranges against major currencies as investors awaited a Federal Reserve interest-rate decision, with some analysts warning that an interest-rate hike cannot be ruled out.Hostilities in the Middle East flared anew, sending oil pri
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Kia to invest $649 million to bring electric car production to Mexico
MEXICO CITY, July 29 : South Korea’s Kia will produce and sell fully electric vehicles in Mexico, managing director for the company Horacio Chavez said on Wednesday. The car manufacturer will invest $649 million in Mexico, he added during President Claudia Sheinbaum’s daily press conference.The electr
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Mammoth remains revealed in Bulgaria after Danube water levels hit record low
SOFIA, July 29 : The remains of what is believed to be an ancient mammoth have been revealed in northern Bulgaria, after Danube River water levels receded to a record low level, the BTA news agency reported on Wednesday, citing historians.The animal’s remains were found on Wednesday by a local resident of the
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X, World Federation of Advertisers settle litigation over GARM dispute
July 29 : SpaceX’s X and the World Federation of Advertisers (WFA) said on Wednesday they had settled litigation over an alleged advertiser boycott of the social media platform linked to the now-defunct Global Alliance for Responsible Media (GARM).The move marks a reset in relations between Elon Musk’s social
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SoFi’s unchanged profit forecast tempers record quarter, revenue outlook lift
July 29 : SoFi’s unchanged 2026 profit outlook on Wednesday overshadowed a raise in the fintech’s revenue growth forecast that topped Wall Street expectations and a market-beating second quarter, sending its shares down 9 per cent in early trading.Investors have grown less willing to reward growth alone, and
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NextEra, Brookfield plan $100 billion data center at Kentucky uranium site
July 29 : A consortium including NextEra Energy and Brookfield plans to develop a $100 billion data center campus at a former uranium enrichment site in Paducah, Kentucky, the companies said on Wednesday.Soaring U.S. electricity demand is driving investment in artificial intelligence data centers and other te
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US Democratic lawmakers press SEC to probe Trump Media’s fast feed
NEW YORK, July 29 : Democratic senators Elizabeth Warren and Adam Schiff have asked the U.S. securities regulator to probe whether Truth Social parent Trump Media’s plan to sell early access to President Donald Trump’s social media posts breaks the law, according to a letter reviewed by Reuters.Trump Media, o
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