Nebius stock price has been in the spotlight this year as investors assessed the growth trajectory of the artificial intelligence industry. NBIS was trading at $23.45 on Thursday, down by over 54% from its highest point this year and 73% from its highest level in 2024. So, is Nebius a…
Electricity demand to power AI technology and data centres by the end of this decade will require more than Japan’s electricity consumption today.The consumption of electricity by data centres is projected to increase by over two times, reaching approximately 945 Terawatt-hour by the year 2030, according to a report released…
European markets posted sharp gains on Thursday following a surprise move by US President Donald Trump to postpone a new round of tariffs on dozens of countries, including the European Union. The announcement, made late on Wednesday, triggered a major rally across global equities, as investors responded to signs of…
Rolls-Royce share price pared back some of the losses made earlier this month as Donald Trump’s trade war eased. After bottoming at 560p on April 7, it has soared to a high of 790p on Thuesday, a few points below the all-time high of 815p. So, will the stock keep…
European markets posted sharp gains on Thursday after US President Donald Trump unexpectedly postponed a new round of tariffs on dozens of countries, including the European Union. The decision sent relief rippling through financial markets, with the FTSE 100 surging by more than 4% to mark its biggest daily gain…
Barry Callebaut, a Swiss chocolate maker, lowered its annual sales volume forecast on Thursday due to “unprecedented volatility” in cocoa bean prices. This development led to a significant drop in the company’s shares, which were down almost 20%, on track for their largest-ever one-day decline, Reuters reported on Thursday.The world’s largest…
President Donald Trump defended his abrupt decision to pause new tariffs on several countries, saying Americans had become “a little bit yippy” and “afraid” amid growing fears of an economic downturn. Speaking from the White House, Trump justified the 90-day pause on tariffs by emphasizing the need for flexibility in…
With President Donald Trump imposing tariffs exceeding 100% on Chinese goods imports, the specter of a full-scale trade war with China has become a stark reality. China has vowed to “fight to the end” rather than yield to what it perceives as US coercion, promising to hike its own tariffs…
Vietnamese budget airline Vietjet announced on Thursday that it has finalized a $300 million financing agreement with AV AirFinance, a partner of investment fund KKR, to support the expansion of its aircraft fleet.This announcement confirms a Reuters report from last week, which detailed the financing arrangement between Vietjet and AV…
Oil prices retreated on Thursday as trade tensions between the US and China escalated. This comes even as Trump reciprocal tariffs on most trading partners for 90-days. However, the sentiments in the oil market soured after Trump raised tariffs on China to 125% from the previously announced 104%. At the time of writing,…