Saudi Arabia’s Public Investment Fund (PIF) has announced plans to invest $15 billion in Brazil, focusing on green hydrogen, infrastructure, and renewable energy. This significant move was revealed by Brazil’s Energy Minister Alexandre Silveira during an event in Rio de Janeiro. Minister Silveira highlighted the strategic nature of this investment, which was discussed during recent […]

At the Ukraine Recovery Conference 2024, European Commission President Ursula von der Leyen announced the signing of €1.4 billion in new guarantee and grant agreements aimed at supporting Ukraine’s recovery and reconstruction. This initiative, part of the Ukraine Facility’s Investment Framework, emphasizes the EU’s ongoing commitment to support Ukraine amid the conflict with Russia. Strategic […]

Southwest Airlines, a stalwart of the skies, finds itself under scrutiny as activist shareholder Elliott Investment Management makes a significant move, acquiring a $1.9 billion stake in the company. With this investment comes a pointed critique of the airline’s performance, particularly targeting its CEO and the need for strategic evolution. Elliott’s concerns stem from Southwest’s […]

Saudi oil giant Aramco has retained its position at the top of Forbes Middle East’s Top 100 list, highlighting the dominance of Gulf Cooperation Council (GCC) firms in the region’s corporate landscape. With assets totaling $660.8 billion and a market value of $1.9 trillion, Aramco stands as a pillar of the Middle East’s economic strength. […]

In a notable development for the semiconductor industry, Vanguard International Semiconductor Corporation, backed by Taiwan Semiconductor Manufacturing Co. (TSMC), and Dutch chipmaker NXP Semiconductors have announced plans to establish a $7.8 billion wafer manufacturing plant in Singapore. This joint venture, named VisionPower Semiconductor Manufacturing Company (VSMC), will bolster the global semiconductor supply chain and create […]

Octopus Energy Group is set to accelerate its expansion in North America and Europe with the addition of two esteemed investors, Galvanize Climate Solutions and Lightrock. This move comes on the heels of a significant investment last month, reaffirming Octopus’ valuation at $9 billion (£7.2 billion), marking a 15% increase since December 2023. Galvanize Climate […]

Spain’s government has announced a significant policy change to implement a 15% minimum corporate tax rate on multinational companies, in alignment with an OECD initiative aimed at reducing tax avoidance. Budget Minister Maria Jesus Montero confirmed the new measure, emphasizing its importance in addressing tax base distortions and profit relocation by large multinational groups. “This […]

Mizuho Financial Group, a Tokyo-based banking and financial services company, has joined forces with the London Stock Exchange Group (LSEG) in a strategic partnership aimed at bolstering the carbon credit market. This collaboration comes in the wake of LSEG’s introduction of the Voluntary Carbon Market (VCM) designation in 2022, which identifies funds and companies investing […]

Investments in liquefied natural gas (LNG) are forecast to rise by over 50% by 2029, according to a recent Goldman Sachs Research report. This surge is anticipated to significantly boost global LNG supply, potentially increasing it by 80% by 2030 and helping to address the European energy crisis. The report highlights new projects in Qatar […]

President Javier Milei of Argentina has embarked on a significant tour of Silicon Valley this week, engaging with leaders of some of the world’s most influential tech companies. This marks his seventh international trip since assuming office late last year, reflecting his administration’s focus on attracting foreign investment to strengthen Argentina’s tech sector. On Monday, […]