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...The International Energy Agency says that by 2026 data centres could globally consume more than 1,000 terawatt-hours of electricity, more than double 2022 levels and roughly equal to Japan’s total electricity...
...Privately held ByteDance does not disclose its financial data. The company declined to comment on the financial figures....
...It estimated that revenue for the three months to June would be in the range of $240mn-$255mn, also above expectations, according to data from S&P Capital IQ....
...IQ data....
...Trading on a total enterprise value 7.7 times forward ebitda on capital IQ data, the chain comes in at a sharp discount to the branded sportswear stablemates as well as US peer Planet Fitness....
...The deal will bolster its Capital IQ Pro platform and allow for forward financial modelling....
...Vietnam should look to Malaysia and Thailand, whose markets took off after international companies entered the competition, said Evolution Data Centres chief Darren Webb....
...Analysts at Citi, citing NielsenIQ data, say that General Mills’ share of the yoghurt market dropped from 16 per cent to about 13 per cent over the past five years....
...Jeff Yass’s Susquehanna International Group first invested $80,000 in ByteDance, the Chinese owner of TikTok, on the back of an idea sketched on a napkin in a Beijing coffee shop more than a decade ago....
...Sales of electric vehicles will “grow strongly” this year and could see battery and hybrid models account for one in five cars sold worldwide, according to a bullish forecast from the International Energy...
...Uber’s return on capital last year was 3.1 per cent, according to S&P Capital IQ (ROC is basically after-tax profit divided by shareholders’ equity plus debt)....
...Samsung regained its position as the world’s largest smartphone maker by volume in the first quarter, according to market researcher International Data Corporation, just three months after Apple claimed...
...The Tesla chief also met Ren Hongbin, chair of the China Council for the Promotion of International Trade, a commerce ministry group, according to Chinese state media....
...In 2023, Turkish Airlines’ revenue rose almost 14 per cent to $21bn, placing it within the ranks of top-10 global air carriers by sales, according to FactSet data....
...Chinese EV producers want to dominate global markets and Beijing has a “strong incentive” to show the world that data security issues are not a barrier to international trade for Chinese EVs, she said....
...And here’s what I’m keeping tabs on today and over the weekend: Economic data: The government releases monthly employment statistics for April and we also get services sector data for last month....
...The UK government last year labelled China an “epoch-defining challenge”, to the international order but has stopped short of branding it a “threat”....
...This analyses sales of unique works at Christie’s, Sotheby’s and Phillips, with data from ArtTactic....
...A report from Counterpoint Research last month said iPhone sales in the country fell 19 per cent year on year in the first three months of the year, while market researcher International Data Corporation...
...He was a major player in the Trump administration when it was forcing TikTok to move its data to the US....
...“The data is telling us that people are starting to buy European ETFs,” Chedid said....
...The terms of the contract forbid the use of patient data for commercial gain, but human rights group Amnesty International said the deal had “huge implications for data protection”, adding that Palantir...
...Apple and Google-owner Alphabet were accused of favouring their own app stores while Facebook-owner Meta is being probed over its use of personal data for advertising....
...ByteDance’s US investors include the likes of private equity firm General Atlantic as well as Susquehanna International Group and Sequoia Capital....
...Measuring companies in a more specific way — and giving fund managers better data to decide where to invest — is no bad thing. Alice Ross is the FT’s acting international economy news editor....
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