Adnan Rasheed
PARIS — French President Emmanuel Macron is facing mounting pressure from within his own political ranks as former Prime Minister Édouard Philippe urged him to appoint a caretaker government and call early presidential elections to end France’s deepening political crisis. The appeal follows the resignation of Sébastien Lecornu, the nation’s third prime minister in a … Read more
BENGALURU, India — Artificial intelligence startup Anthropic is preparing to establish a major presence in India, with plans to open a new office in Bengaluru and explore a strategic partnership with Mukesh Ambani’s Reliance Industries, people familiar with the matter told TechCrunch. The move highlights Anthropic’s effort to expand in its second largest market after … Read more
Boeing Co. is poised to secure conditional approval from the European Union for its $4.7 billion acquisition of Spirit AeroSystems, according to people familiar with the matter. The deal, which aims to strengthen Boeing’s control over its supply chain and improve quality oversight, is expected to be cleared with commitments to sell certain Spirit operations … Read more
US stocks slipped Tuesday from their latest record setting run as Wall Street weighed concerns over a looming government shutdown against continued optimism surrounding artificial intelligence. The Dow Jones Industrial Average (^DJI) fell 0.3%, while the S&P 500 (^GSPC) lost 0.3%. The Nasdaq Composite (^IXIC), heavily weighted toward technology stocks, dropped 0.5% after all three … Read more
Shares of Trilogy Metals surged more than 220% in premarket trading Tuesday after the US government announced a 10% stake in the Canadian minerals explorer, marking a significant move in Washington’s efforts to secure domestic sources of critical minerals. The White House said late Monday it will invest $35.6 million in Trilogy Metals to support … Read more
Oil prices climbed for a second consecutive session on Tuesday after OPEC+ announced a smaller than expected production increase for November, easing investor concerns over a potential supply glut. The restrained output decision suggests the coalition remains wary of oversupplying the global market amid mixed economic signals and ongoing geopolitical tensions. By 0623 GMT, Brent … Read more
TOKYO — Microsoft Corp. has entered a new solar deal in Japan, purchasing 100 megawatts of capacity from local developer Shizen Energy to supply its growing data center operations with clean power. Announced late last week, the 20 year agreement covers four solar projects across Japan one already operational and three under construction. The deal … Read more
PARIS — France plunged deeper into political uncertainty Monday after Prime Minister Sébastien Lecornu resigned just 14 hours after naming his cabinet, marking the third failed attempt by President Emmanuel Macron to stabilize his government this year. The abrupt departure underscores Macron’s waning influence and growing difficulties in securing parliamentary backing, particularly from the conservative … Read more
NEW YORK — Verizon Communications on Monday named Dan Schulman, the former chief executive officer of PayPal, as its new CEO, replacing Hans Vestberg in a leadership transition designed to steer the telecommunications giant through a period of slowing growth and rising competition in the US wireless market. The move marks one of the most … Read more
CINCINNATI — In a major move signaling continued consolidation among regional lenders, Fifth Third Bancorp announced Monday it will acquire Comerica Inc. in an all stock deal valued at $10.9 billion. The Fifth Third Comerica deal will create the ninth largest US bank, with combined assets of approximately $288 billion, expanding the institution’s footprint across … Read more
