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...The “global framework agreement” signed by the Seattle-based tech giant is a commitment to bring 10.5 gigawatts of generating capacity online, or enough to power the equivalent of about 1.8mn homes....
...CLSA’s John Seagrim suggested in a recent note to clients that “in theory, Toyota could launch a 31.5 per cent premium bid in Toyota shares . . . for [TIC] and it could pay for the entire acquisition in...
...Annual advertising revenues at the Microsoft-owned group rose to nearly $4bn in 2023, up 10.1 per cent year on year, according to estimates from research group Insider Intelligence....
...“Schools can deduct some input costs and make some savings, so the increase is more likely to be 10-12 per cent, perhaps a maximum of 15 per cent,” he says....
...Overall, the 10,000 small companies in Zeki’s database hire more top AI talent than the big five combined....
...India’s biggest steel producer JSW and Chinese carmaker SAIC Motor on Wednesday launched a $1.5bn joint venture to build and sell MG-brand electric vehicles in the world’s most populous country....
...john.burn-murdoch@ft.com, @jburnmurdoch...
...Departing US climate envoy John Kerry has accused asset managers of “turning away from science” just weeks after a clutch of the world’s biggest investors stepped back from an industry group set up to tackle...
...Israeli spending increased 24 per cent, rising from an average of $1.8bn per month before Hamas launched its assault on Israel in October last year to $4.7bn in December, said Sipri....
...john.thornhill@ft.com...
...Pre-tax profits at the John Lewis Partnership were £56mn in the year to January, compared with a £234mn loss the previous year. Sales climbed 1 per cent to £12.4bn....
...For example, in recent decades, a swing of just 1 million barrels can swing crude oil prices dramatically even in a market supplied by roughly 100 million barrels per day....
...of 1.8mn homes....
...Chevron is paying a roughly 10 per cent premium, in shares, to acquire Hess. John Hess, the chief executive and part of the founding family, is getting a $56mn package of parachute payments....
...One obvious one is the African Development Bank’s “Desert to Power” initiative, which aims to bring 10,000MW of solar-powered electricity to 250mn people in 11 countries....
...You might only buy a refrigerator or a sofa or a bed once every 10 years, but you have to shop for food every week. John Lewis saw that as another route to the middle class shoppers' wallet....
...“He had a restless mind, an inquisitive mind and a great curiosity, and there was never a weekend [that] passed but you could get 10, 15, 20 ideas from John,” recalled Enda Kenny, Fine Gael taoiseach from...
...Russia fired up to 60,000 shells a day before autumn 2022 — an amount that has dropped to about 10,000 a day and which includes supplies from North Korea and Iran....
...Elkann’s Exor scores big win on Philips John Elkann, scion of Italy’s Agnelli family dynasty, made an unusual €2.6bn bet last August on a troubled Dutch maker of electric toothbrushes and hospital monitoring...
...On the other hand, Newcrest’s merger destroyed some $1.4bn of value. Cheap targets abound, thinks John Hathaway at Sprott Asset Management....
...Lockheed Martin has lost 10 per cent in the past year and RTX, formerly known as Raytheon, has declined by 9 per cent....
...They mooted that the £15bn of top-ranking bonds could face losses of 5-10 per cent in the event that the utility has to come back under public control....
...Norway’s FDI into India during the first two decades of this century stood at just $280mn, according to India’s foreign ministry, while Switzerland’s FDI into India between 2000 and 2022 was $10.5bn, according...
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