By Riham Alkousaa BERLIN (Reuters) – For months, Philip Matthias tried to convince his father to install solar panels on their company’s roof in the eastern German state of Thuringia, aiming to cut electricity costs and carbon emissions at the metal products factory. Initially sceptical of the 2.3-million-euro ($2.5 million) investment, a substantial sum for …
German industry turns to solar in race to cut energy costs Read More »
(Reuters) -Siemens Energy plans to recruit more than 10,000 employees as it invests 1.2 billion euros ($1.29 billion) in its electricity grid business over the next six years amid a surge in demand for power, a company executive said on Tuesday. “In the next 15 years, we will see global investments in the grid as …
Siemens Energy plans 10,000 new hires for electricity grid unit Read More »
By Marc Jones LONDON (Reuters) – The World Bank Group said on Monday it had started operating a new one-stop-shop loan and investment guarantee platform which it hopes will triple the provision of guarantees and risk insurance provided around the world to $20 billion a year. The target, which it wants to hit by 2030 …
World Bank Group kicks off $20 billion annual guarantee push Read More »
(Reuters) – Germany-based Northern Data AG is exploring a U.S. initial public offering for its artificial intelligence cloud computing and data center units at a valuation of as much as $16 billion, Bloomberg News reported on Monday, citing people familiar with the matter. The company, which provides infrastructure for high-performance computing, plans to enlist an …
Northern Data considers AI unit US IPO at up to $16 billion, Bloomberg News reports Read More »
(Reuters) – Google said on Monday it would make it mandatory for advertisers to disclose election ads that use digitally altered content to depict real or realistic-looking people or events, its latest step to battle election misinformation. The update to the disclosure requirements under the political content policy requires marketers to select a checkbox in …
Google to require disclosures for digitally altered content in election ads Read More »
(Reuters) – The U.S. Securities and Exchange Commission (SEC) has sued crypto-focused bank Silvergate Capital Corp in a federal court for securities fraud, a court filing showed on Monday. The Commission alleged that the company made a “fraudulent scheme” to mislead investors about its bank secrecy and anti-money laundering compliance programs as well as its …
By Svea Herbst-Bayliss NEW YORK (Reuters) -BlackRock won a fight with hedge fund manager Boaz Weinstein last week when shareholders voted at four of its closed-end funds, data showed, keeping the asset manager’s directors in place and retaining it as the manager. Weinstein’s Saba Capital Management, a large owner in BlackRock’s closed-end funds, and BlackRock …
BlackRock shareholders vote, keep directors in place in Saba saga Read More »
By Manya Saini (Reuters) -BlackRock has launched a ‘buffer’ exchange-traded fund that seeks to offer a 100% downside hedge to risk-shy investors looking to tap the equity markets, the world’s largest asset manager said on Monday. So-called buffer or risk-managed ETFs help maximize returns from an asset for investors and simultaneously provide downside protection over …
BlackRock launches stock ETF with 100% downside hedge Read More »
(Reuters) – Low-cost carrier Spirit Airlines said on Monday it has appointed Fred Cromer as its new chief financial officer, effective July 8. Cromer, who served at Bombardier Commercial Aircraft from 2015 to 2020, was recently the chief executive officer of aviation tech firm Xwing. He will work with interim CFO Brian McMenamy, who will …
By Saeed Azhar, Ankika Biswas and Lisa Pauline Mattackal NEW YORK (Reuters) -Megacap growth stocks led by Apple and Tesla lifted the tech-heavy Nasdaq to a higher close on Monday, while the Dow and the S&P 500 also eked out slight gains in light pre-holiday trading. Investors were waiting for U.S. labor market data due …
Apple, Tesla lifts stocks to higher close in light pre-holiday trading Read More »
