Abu Dhabi-backed artificial intelligence investor MGX has been exploring buying Singapore-based data centre operator DayOne, three sources said, in what would mark a major step in its global expansion into the technology.
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BMW and staff representatives are preparing for talks after the German premium carmaker issued a profit warning this week and said it would accelerate efficiency measures, a spokesperson for its general works council said on Friday.
The euro zone economy is in the midst of a mid-sized inflation shock, with inflation holding above 3% for the rest of the year, a situation that requires a “measured” policy response, European Central Bank Chief Economist Philip Lane said on Friday.
A visual take on one of the biggest stories of the week.
U.S. Federal Reserve Chairman Kevin Warsh put his stamp on the job fast this week at a debut policy meeting that produced a return to stripped-down, 1990s-style central banking, before this century’s crises put the Fed center-stage in economic management and turned its leader into a consoler-in-chief for Wall Street and Main Street alike.
Brent crude ticked slightly higher on Friday but was still on track for a more than 8% weekly decline after Israel and Hezbollah agreed to a ceasefire and tanker traffic through the Strait of Hormuz increased.
The dollar held firm against most peers on Friday, as a peace deal between the U.S. and Iran hung in the balance, pinning the yen around a two-year low, a break beyond which would take the Japanese currency to its weakest in 40 years.
When Donald Trump was sworn in for his second term as U.S. president in 2025, Italian Prime Minister Giorgia Meloni was the only European leader invited to attend, promising the start of a golden age in relations between Washington and Rome.
Global shares dipped on Friday after U.S. and Iranian negotiators called off peace talks, while the risk of official Japanese intervention simmered as the yen traded on the brink of a 40-year low.
At least 30 people have died since the start of May in one camp for displaced civilians in northeastern Congo, a death rate that camp officials said was unprecedented, and, because of the symptoms, could indicate Ebola is spreading fast there.