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Encryption Edge Computing Data LakeJust_super | E+ | Getty ImagesShares of China’s Zhongji Innolight surged as much as 8% Monday before paring some gains, after the company received approval for a major Hong Kong listing worth up to $8 billion on Friday, in what is likely to be one of the city’s biggest in years.The Chinese optical transceivers firm has started to gauge interest from investors, and details such as size and timing may change while deliberations are ongoing, Bloomberg reported, citing people familiar with the matter. The deal size will exceed Luxshare Precision’s $3.1 billion IPO earlier this month, making…
Investing.com– Asian stock markets were mixed on Monday, with South Korea sliding amid growing concerns over stretched AI valuations, and Chinese shares climbing on optimism over domestic artificial intelligence developments. Investors also monitored escalating tensions in the Middle East, which lifted oil prices and kept markets cautious over the outlook for global central bank policy. U.S. stock futures were largely unchanged in Asian trading on Monday after Wall Street’s technology-led selloff on Friday. Get premium Asian stock market insights with analyst comments on InvestingPro — get 60% off now slides, China tech gains after Moonshot AI breakthrough South Korean shares led…
Photo illustration of a group of weight loss medications on a white background.Ucg | Universal Images Group | Getty ImagesSouth Korea’s Samsung Biologics said on Monday that it had made an all-cash bid of 1.46 billion Swiss francs ($1.8 billion) for Switzerland’s PolyPeptide Group, which specializes in peptide-based active pharmaceutical ingredients. Under the terms of the public tender offer, stockholders will receive 44.31 Swiss franc per share. The transaction is expected to close by the end of this year. The acquisition will be the largest biopharmaceutical M&A deal in the country’s history, Samsung Biologics said, as it aims to diversify its…
Indian students cool on ’American Dream’ as EU opens its doors Source link
He will take over at Number 10 tomorrow with plans to focus on tackling the cost of living Source link
An aerial view taken from an helicopter during a media visit shows five platforms over the Johan Sverdrup oil field in the North Sea some 140 kilometres west from the town of Stavanger, Norway, on December 3, 2019. (Photo by Tom LITTLE / AFP) (Photo by TOM LITTLE/AFP via Getty Images)Tom Little | Afp | Getty ImagesOil prices rose Monday after as continued conflict between the United States and Iran heightened concerns over disruptions to energy shipments through the Strait of Hormuz, following another round of U.S. strikes and American military casualties.International benchmark Brent crude for September delivery rose about…
Investing.com — Hon Hai Precision Industry (Foxconn) () has secured its first contract to manufacture artificial intelligence servers for SpaceX, Taiwan’s Economic Daily reported on Sunday, in a deal the newspaper estimated could be worth about $52 billion. Unlock premium AI supply chain insights and market-moving news with InvestingPro – now 60% off According to the report, SpaceX plans to deploy more than 13,000 AI server racks powered by Nvidia’s GB300 chips. Based on an estimated cost of about $4 million per rack, the newspaper said the contract could be worth roughly $52 billion, marking Foxconn’s first AI server manufacturing order…
Andy Burnham will promise to give people “more breathing room” when he gives his first speech as prime minister outside No 10 on Monday.He is expected to say he is “acutely conscious” of the UK’s high turnover of prime ministers – and that politics needs to be more stable and responsible. And he is expected to characterise the moment as one of “reflection and resolution”, arguing Britain must be honest about the challenges it faces.Burnham will officially replace Sir Keir Starmer and become the UK’s 59th prime minister – and seventh in 10 years – on Monday, following a meeting…
Arleigh Burke-class guided-missile destroyer USS Frank E. Petersen Jr. (DDG 121) sails behind the Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72), June 27, 2026. Frank E. Petersen Jr. is deployed to the U.S. 5th Fleet area of operations to support maritime security and stability in the Middle East.Courtesy: U.S. NavyThe U.S. military began a ninth consecutive night of strikes against Iran on Sunday, extending a campaign aimed at destroying Tehran’s ability to attack commercial shipping in the Strait of Hormuz. “CENTCOM began conducting a new wave of strikes against Iran at 7 p.m. ET today for the ninth consecutive…
FDA says Taylor Farms Cyclospora finding was false positive Source link