Drax to convert Yorkshire power station into 1GW data centre to meet AI energy demand
Drax Group announced on Thursday that it is considering converting a section of its Yorkshire power station in northern England…
IEA cuts oil surplus forecast as demand growth outlook raised
The projected global crude oil surplus in the fourth quarter of 2025 has narrowed due to a halt in production,…
Interview: brace for volatility as AI reshapes markets in 2026, says Erlen Capital’s Schneller
2025 delivered no shortage of drama across the global economic, business, and financial landscape. From DeepSeek’s shockwaves to tariff battles…
US jobless claims spike amid holiday volatility
Applications for unemployment benefits in the United States rose sharply last week, marking the largest increase since the early days…
Commodity wrap: silver hits record high, gold rises after divided Fed rate cut; oil prices fall
Gold prices were slightly higher on Thursday after the US Federal Reserve cut interest rates. Meanwhile, silver prices continued to…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector…
Scale and efficiency drive fresh round of consolidation in US shale M&A, says Rystad Energy
The US shale sector is anticipating a new round of M&A-driven consolidation among small- and medium-sized producers. This trend is…
From Amazon to Google: Big Tech pours billions into India as AI, cloud and digital expansion gather pace
The Indian subcontinent, long favoured by multinationals for its vast consumer market, is now drawing a fresh wave of investment…
China inflation trends show uneven recovery as factory prices deepen slide
China’s latest inflation readings point to a recovery that remains uneven, with rising consumer prices offset by a deeper slump…
How the Fed’s rate cut decisions could shape the market’s next move
The Federal Reserve’s final policy meeting of the year arrives at a moment when the stock market is once again…