In a move that has sent shockwaves through the technology and artificial intelligence sectors, Elon Musk, the billionaire entrepreneur behind Tesla, SpaceX, and X (formerly Twitter), has led a consortium offering $97.4 billion to acquire OpenAI. The artificial intelligence research organization, which Musk co-founded in 2015 alongside Sam Altman, Greg Brockman, and Ilya Sutskever, has […]

In a significant move reflecting the evolving dynamics of global finance and environmental commitments, Australia’s Macquarie Group announced its departure from the Net Zero Banking Alliance (NZBA) on Tuesday. This decision aligns Macquarie with several major U.S. banks that have recently withdrawn from the UN-backed coalition dedicated to achieving net-zero greenhouse gas emissions by 2050. […]

In a landmark move that underscores France’s ambitions to be at the forefront of artificial intelligence (AI) development, President Emmanuel Macron has announced a record-breaking €109 billion ($113 billion) investment in AI projects. This announcement comes just ahead of the AI Action Summit in Paris, a crucial gathering of global leaders aimed at shaping the […]

The United Arab Emirates (UAE) is witnessing a significant expansion in its debt capital markets (DCM), with projections indicating a surge to $400 billion in the coming years. This rapid growth is driven by a combination of funding diversification, upcoming debt maturities, infrastructure financing, regulatory reforms, and the evolution of the Dirham Monetary Framework. According […]

In a bold strategic move to expand its presence in the world’s largest automotive market, Toyota Motor Corporation has announced plans to build a new wholly-owned electric vehicle (EV) manufacturing plant in Shanghai. The facility, located in Jinshan District in southwest Shanghai, is set to begin production in 2027, focusing on a new battery electric […]

CapitaLand Investment Limited (CLI), a leading global real asset manager, has announced its latest expansion into the fast-growing data centre market with the acquisition of a freehold land parcel in Osaka, Japan. This move marks CLI’s first data centre development in the country and represents a substantial investment of over US$700 million (S$944.3 million). As […]

Indonesia’s state-owned electricity company, PT PLN (Persero), has officially entered the international carbon trade, marking a significant milestone in the country’s ongoing efforts to combat climate change and attract foreign investment. This move positions PLN as the first Indonesian company to actively participate in the global carbon market, reinforcing its commitment to environmental sustainability and […]

In a significant move to bolster the United Kingdom’s position as a global leader in climate finance, British International Investment (BII), the UK’s development finance institution and impact investor, has announced a pioneering partnership with the City of London’s institutional investors. This collaboration aims to channel substantial private capital into emerging economies to address the […]

In a landmark development for the global energy sector, BloombergNEF (BNEF) has reported that investments in clean energy technologies reached an unprecedented $2.1 trillion in 2024. This figure represents an 11% increase from 2023 and more than doubles the investments made in 2020, highlighting the rapid acceleration toward sustainable energy solutions worldwide. This surge in […]

In a dramatic shake-up of its global investment banking operations, HSBC has announced plans to exit its mergers and acquisitions (M&A) advisory and equity capital markets (ECM) businesses in Europe, the United Kingdom, and the Americas. This move represents HSBC’s most significant retrenchment from investment banking in decades and underscores the bank’s continued strategic pivot […]