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...Five-year forecasts for the growth in electricity demand in the US have nearly doubled in the past year from 2.6 per cent to 4.7 per cent, according to a report from Grid Strategies....
...Immediately afterwards in November 2022, JSR approached JIC, leading to the $6.4bn take-private deal in June....
...Microsoft has agreed to invest $1.5bn in Abu Dhabi artificial intelligence group G42, its latest big bet on the technology that underscores deepening collaboration between the US and United Arab Emirates...
...“Under the law today there are legal prohibitions which limit free speech,” Stephen Jones, assistant treasurer who is involved in tech regulation, told Australian broadcaster ABC....
...The company sold 374,000 vehicles in China, down 1.6 per cent from a year earlier....
...RWE is one of the largest clean energy investors in the US, where it employs 1,500 employees following the $6.8bn acquisition of Con Edison Clean Energy Businesses last year....
...Hot wage growth contributed to keeping services inflation elevated at 6.1 per cent in February....
...In all, BofA’s net profit fell to $6.7bn in the first three months of the year from $8.2bn a year earlier, the Charlotte-based lender said. Revenues in the period slipped 1 per cent to just below $26bn....
...Collectively, the banks set aside more than $8bn in reserves to cover potential loan losses during the final three months of 2023, up from $6.2bn a year earlier....
...But it has paid off handsomely this year as EV demand growth slowed in many markets around the world, with operating profit of ¥1.1tn ($7bn) in the quarter to the end of March, up 78 per cent year on year...
...US stocks were muted on Tuesday as investors looked ahead to inflation data scheduled for release later this week. The S&P 500 fell 0.2 per cent and the Nasdaq Composite rose 0.1 per cent....
...Microsoft shares — which have risen 7.6 per cent this year to make it the world’s most valuable company by market capitalisation — were up 3 per cent on Friday morning in New York....
...Shares in Philips jumped 37 per cent after the Dutch company agreed to pay $1.1bn to settle personal injury claims linked to faulty foam in its sleep apnoea devices....
...The broad Stoxx Europe 600 was 0.6 per cent higher during Monday afternoon trading on the continent, while Germany’s Dax was up by a similar amount....
...The billionaire owner of L’Occitane has made an offer to take the French skincare company private in a deal with an enterprise value of about €6.5bn, including net debt....
...At Disney, she oversees an array of TV businesses including ABC and ABC News, Disney’s TV studios, FX and National Geographic — all of which are in decline thanks to cord-cutting viewers ditching cable subscriptions...
...The increase in the PPI on an annual basis accelerated to 2.1 per cent in March from 1.6 per cent in February. This was the highest level since September, but below expectations for a 2.2 per cent rise....
...However, at the level of consolidated earnings before interest, taxes, depreciation and amortisation, News UK contributed a profit to parent company, the US-listed News Corp, for 2023....
...State Street Global Advisors has warned investors they may face additional costs due to the firm’s approach to the upcoming change to T+1 settlement in the US....
...Permits to build single family homes increased 1.9 per cent from the previous month to an annualised rate of almost 1.52mn, the US commerce department said on Tuesday....
...Add in NKT and Nexans, and sector free cash flows over the next five years total €6.2bn according to Visible Alpha. Plenty to keep the buzz at cable makers going. andrew.whiffin@ft.com...
...The FDIC, which has almost 6,000 staff, commissioned the independent report late last year in response to press accounts of harassment and discrimination against female employees....
...And so to keep up, it will pay up. While Capital One trades at 1.4 times tangible book value, it will pay 2.6 times for Discover, inclusive of a 27 per cent premium owed to shareholders....
...the Core CPI vs PCE wedge in the last 6 months....
...Out of this sum, just shy of $1.4mn fell under the category of “all other compensation”, and — the small print reveals — included executive niceties as jet use ($1.07mn) and security ($100k)....
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