Deutsche Bank’s headquarters in Frankfurt and its office in Berlin were searched by German prosecutors and police on Wednesday in an investigation over suspected money laundering offenses, officials said. According to the Sueddeutsche Zeitung daily, the probe is connected to […]
The move indicates the company’s accelerating pivot toward cleaner energy and critical minerals. The buyer, a consortium comprising FerroAlloys employees, management, and EverSeed Energy, marks a rare instance of employee-led ownership in South Africa’s mining industry. EverSeed, a regional energy […]
Malaysia’s international reserves have continued to climb in September, reaching a new 10-year high of US$122.8 billion, according to the latest data from Bank Negara Malaysia (BNM), boosting the country’s defence against market volatility and external shocks. The latest figure, […]
The world’s fourth-biggest company, Google owner Alphabet, has announced a £5bn ($6.8bn) investment in UK artificial intelligence (AI). The money will be used for infrastructure and scientific research over the next two years – the first of several massive US […]
The Navigating the Future of Wealth Report 2024, released by global migration platform Multipolitan, has predicted a major shift in global wealth as millennials inherit trillions from older generations and embrace new investment strategies. The report has highlighted how this generational wealth transfer will impact investment trends […]
President Trump’s latest big move in the Middle East doesn’t involve proposing a peace treaty, nor a trade deal, but instead a high-rise. The Trump Organization and developer DarGlobal have revealed plans for a supertall skyscraper in Dubai that the […]
Meta (META), Microsoft (MSFT), Amazon (AMZN), and Google parent Alphabet (GOOG) are expecting to spend a cumulative $325 billion in capital expenditures and investments in 2025 driven by a continued commitment to building out artificial intelligence infrastructure. Taken together, this […]
The Hong Kong Monetary Authority (HKMA) said it would launch a 100 billion yuan (US$13.7 billion) funding facility at the end of February to support international trade settled in China’s currency. To meet growing demand for use of the Chinese currency in trade finance […]
Bernard Arnault, the founder and CEO of LVMH Moët Hennessy Louis Vuitton, has become about $14 billion richer already in 2025. He leapfrogged Oracle cofounder Larry Ellison on Thursday to take fourth place on Bloomberg’s rich list with an estimated $190 billion […]
Australian pension fund Aware Super said on Tuesday it has acquired a minority stake in London-headquartered bandwidth infrastructure company euNetworks, in a bid to tap into the artificial intelligence boom. It invested in euNetworks via a vehicle led by global […]
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