Ormat signs 150 MW geothermal power deal with NV Energy to supply Google in Nevada
Feb 17 : Renewable energy company Ormat Technologies said on Tuesday that it has entered into a long-term geothermal power purchase agreement with NV Energy to support Google's operations in Nevada.The agreement for 150 megawatts of new geothermal capacity would allow Ormat to develop a serie ...
France's AI company Mistral buys cloud service startup Koyeb
PARIS, Feb 17 : French artificial intelligence company Mistral AI said on Tuesday it had agreed to buy cloud computing service startup Koyeb based near Paris for an undisclosed amount."With this first acquisition, Mistral AI takes a significant step forward in its mission to build a full-stack ...
India tells global tech platforms to follow constitution after tougher content rules
Feb 17 : India's information minister said on Tuesday that big tech platforms like Google's YouTube, Meta, X and Netflix must operate within the country's constitutional framework, a week after New Delhi tightened its content-takedown rules.His comments came on the sidelines of an art ...
Trading platform eToro beats profit estimates on robust market activity
Feb 17 : Stock and crypto trading platform eToro beat estimates for fourth-quarter profit on Tuesday as strong capital market activity drove up trading income, sending its shares up 18.4 per cent.U.S. equities had an upbeat quarter as interest-rate cuts supported investor confidence, although volati ...
Trading platform eToro beats profit estimates on growth across asset classes
Feb 17 : Stock and crypto trading platform eToro beat estimates for fourth-quarter profit on Tuesday on strength across the asset classes it offers.Shares of eToro rose about 8.9 per cent before the bell. U.S. equity markets rose during the quarter as interest-rate cuts supported investor confidence ...
Activist investor Jana Partners builds stake in Fiserv, WSJ reports
Feb 17 : Activist investor Jana Partners has built a stake in Fiserv and is pressing the payments company to pursue steps to lift its lagging share price, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The size of Jana's stake, and whether the activist inve ...
Warner Bros rejects Paramount's revised offer, sets 7-day deadline for better bid
Feb 17 : Warner Bros Discovery has rejected Paramount Skydance's latest $30-a-share hostile takeover bid, but is giving the Hollywood studio seven days to see if it can come up with a better deal to buy the owner of HBO Max and the "Harry Potter" franchise, Warner Bros said on Tuesday ...
Warner Bros rejects Paramount's revised offer, but gives studio a week to negotiate better deal
Feb 17 - Warner Bros Discovery has rejected Paramount Skydance's latest $30-a-share hostile takeover bid, but is giving the Hollywood studio seven days to see if it can come up with a better deal to buy the owner of HBO Max and the "Harry Potter" franchise, Warner Bros said in a state ...
Warner Bros rejects revised Paramount bid, but remains open to a final offer
"We continue to recommend and remain fully committed to our transaction with Netflix," said Warner Bros chairman and CEO in a letter to Paramount.
Sateliot, PLD Space to launch two 5G satellites in first Spanish mission
Feb 17 : Satellite startup Sateliot and space engineering firm PLD Space have signed a deal to launch two 5G satellites in what will be the first such private mission carried out solely by Spanish companies, they said on Tuesday.Private rocket companies around the world are planning to deploy thousa ...
Qualcomm says UK lawsuit over smartphone chip royalties will be withdrawn
LONDON, Feb 17 : Qualcomm on Tuesday said a London lawsuit alleging it had abused its dominant position to force Apple and Samsung to pay inflated royalties will be withdrawn.The British consumers' association called Which? had brought the case on behalf of around 29 million people who bought i ...
Toymaker Lego builds India footprint, aims for 50 stores by 2030
MUMBAI, Feb 17 : Danish toymaker Lego plans to open 50 stores in India by 2030, ramping up investment in one of its fastest-growing Asian markets, as rising incomes and demand for screen-free play power growth, a senior executive said.The family-owned company, known for its colourful building blocks ...
EU probes Shein over sale of illegal products, addictive design
BRUSSELS, Feb 17 : The EU opened a formal investigation into Chinese online retailer Shein on Tuesday over illegal products and concerns about the platform's potentially addictive design, stepping up scrutiny under the bloc's strict Digital Services Act.The move under the Act, which requir ...
Goldman, Nasdaq CEOs to headline Mar-a-Lago crypto ‘forum’ hosted by Don Jr. and Eric Trump
Feb 17 : On Wednesday, prominent Wall Street executives and investors will convene to discuss the “future of finance and technology” alongside federal officials and U.S. lawmakers at President Donald Trump’s private Mar-a-Lago club in Palm Beach, Florida.Expected speakers at the World Liberty ...
Nigeria opens probe into Temu over suspected data protection breaches
ABUJA, Feb 17 : Nigeria's data watchdog has opened a probe into Chinese-owned e-commerce giant Temu for suspected data-law violations, the regulator said on Tuesday, a move that could usher in legal penalties in one of Africa's biggest markets.The Nigeria Data Protection Commission (NDPC) ...
From Milanο's drones to LA 28's stardust and AI, Olympic broadcaster lays out vision for Tinseltown
MILAN, Feb 16 : If the Milano Games have left viewers impressed with the innovative use of First-Person View drones chasing athletes down the course at dizzying speeds, the Los Angeles 2028 Summer Olympics will be the most immersive experience, with extensive use of AI and a generous sprinkling of g ...
India's Adani to invest $100 billion in AI-ready data centres by 2035
Feb 17 : Adani Enterprises said on Tuesday that the group will invest $100 billion to build renewable energy-powered AI-ready data centres by 2035, as it seeks to create the world's largest integrated data centre platform and establish India as a leader in the global AI race. The investment is ...
Spain to probe X, Meta, TikTok over AI-generated child sexual abuse material
MADRID, Feb 17 : The Spanish government has ordered prosecutors to investigate social media platforms X, Meta and TikTok for allegedly spreading AI-generated child sexual abuse material, Prime Minister Pedro Sanchez said on Tuesday. "These platforms are undermining the mental health, dignity, a ...
India's Infosys ties up with Anthropic, days after IT selloff
BENGALURU, Feb 17 : Infosys unveiled a partnership with Anthropic on Tuesday, days after investor concerns that AI tools would disrupt the traditional business models of Indian IT services firms shaved billions off their market value. The selloff was triggered, in part, by the launch of a tool by Am ...
Infosys reveals AI revenue share as sector faces growing disruption fears
BENGALURU, Feb 17 : India's No.2 software-services exporter Infosys said on Tuesday that artificial intelligence services accounted for 5.5 per cent of its revenue in the December quarter, marking the first time the company has broken out its AI business.The disclosure comes as India's $28 ...
India's Infosys earned 5.5% of third-quarter revenue from AI services, CEO says
BENGALURU, Feb 17 : India's second-largest IT services exporter Infosys earned 5.5 per cent of its revenue in the December quarter from AI services, its chief executive Salil Parekh said at a company event on Tuesday. The company had reported a third-quarter revenue of 454.79 billion rupees ( ...
Exclusive-Japan's debt issuance to surge 28% in fiscal 2029 from 2026, finance ministry estimates
TOKYO, Feb 17 : Japan will likely see annual bond issuance surge 28 per cent three years from now on rising debt-financing costs, a finance ministry estimate reviewed by Reuters showed on Tuesday, casting doubt on premier Sanae Takaichi's argument the country can deliver tax cuts without boosti ...
Gold falls on easing geopolitical risks, stronger dollar
Feb 17 : Gold extended losses on Tuesday, pressured by easing geopolitical tensions in Iran and Russia, as well as a stronger dollar, with investors awaiting the minutes of the January FOMC meeting, due later this week.Spot gold dropped 0.8 per cent to $4,953.90 per ounce by 0345 GMT, after losing ...
Philippine central bank set for final 25-bps cut to 4.25% on February 19 - Reuters poll
BENGALURU, Feb 17 : The Philippine central bank will cut its key interest rate by 25 basis points to 4.25 per cent on Thursday and keep it there through 2026, a Reuters poll of economists found, as subdued inflation gives policymakers room for what could be a final move to support domestic growth.Co ...
Yen rebounds from Monday's lows, euro/dollar edges down before Fed minutes, US data
Feb 17 : The yen climbed on Tuesday, partly reversing Monday's losses against the euro and dollar, on expectations that Prime Minister Sanae Takaichi's expansionary fiscal policy will continue to give support.The greenback has risen slightly against the euro over the last two sessions as m ...
Yen reverses Monday's losses, euro/dollar edges down before Fed minutes, US GDP
Feb 17 : The yen climbed on Tuesday, reversing Monday’s losses against the euro and dollar, on expectations that Prime Minister Sanae Takaichi’s expansionary fiscal policy will continue to give support.The greenback has risen slightly against the euro in the last two sessions as markets awaited ...
Dollar holds gains in thin trading as markets await Fed minutes, US GDP
TOKYO, Feb 17 : The dollar held gains on Tuesday as markets awaited signals, expected later this week, about the potential timing of rate cuts by the Federal Reserve.The yen trimmed losses from a day earlier when worse-than-expected Japanese economic data stirred expectations that the government wou ...
Starboard Value plans majority overhaul of Tripadvisor board, WSJ reports
Feb 16 : Activist investor Starboard Value plans to push for a major overhaul of Tripadvisor's board, and is preparing to nominate a majority slate for the company's eight-member board, the Wall Street Journal reported on Monday. Starboard now holds more than 9 per cent of the travel-site ...
Starboard to push for shake-up of Tripadvisor's board, WSJ reports
Feb 16 : Activist investor Starboard Value plans to push for a shake-up of Tripadvisor's board, The Wall Street Journal reported on Monday citing people familiar with the matter.Starboard's stake now represents more than 9 per cent of the travel-site operator, the WSJ reported.Reuters coul ...
A RM11 billion takeover battle is testing Malay economic clout. Malaysia PM Anwar now holds all the cards
A Sunway-IJM merger would create a top 10 largest entity on the local bourse
Ireland opens probe into Musk's Grok AI over sexualised images
DUBLIN, Feb 17 : Ireland's Data Protection Commission (DPC) said on Tuesday it had opened a formal investigation into X's AI chatbot Grok over the processing of personal data and its potential to produce harmful sexualised images and video, including of children.The DPC is the lead EU regu ...
Musk is beating China’s 203,000 paper satellites
The country’s plans are best understood not as a genuine expansion, but a bid to hobble the front-runner
SpaceX to compete in Pentagon contest for autonomous drone tech, Bloomberg News reports
Feb 16 : Elon Musk's SpaceX and its wholly-owned subsidiary xAI are competing in a secret new Pentagon contest to produce voice-controlled, autonomous drone swarming technology, Bloomberg News reported on Monday, citing people familiar with the matter.SpaceX, xAI and the Pentagon's defense ...
Crypto company Nexo returns to US three years after clash with regulators
PARIS, Feb 16 : Crypto company Nexo has relaunched in the United States, it said on Monday, three years after leaving the country and paying a $45 million fine following clashes with regulators.Co-founded by former Bulgarian lawmaker Antoni Trenchev, Nexo paid the fine to settle charges brought by ...
