Author: franperez66q@protonmail.com
Kone to buy rival TK Elevator in $34.4 billion deal Source link
A major data center company has paused investment in AI infrastructure projects and data centers in the Middle East amid the Iran war, its CEO has told CNBC.As oil prices have skyrocketed and supply chains have been heavily disrupted by conflict in the region, the future of huge digital infrastructure plans in the Middle East has become uncertain. Assets in the region have become military targets and shortages are predicted for key materials needed for the AI infrastructure buildout. A data center in Abu Dhabi, operated by Oaktree-owned Pure DC, was struck by shrapnel from an Iranian attack. The company’s CEO, Gary…
Currently, under a so-called Section 21 notice, a landlord can evict a tenant without giving a reason – and with just eight weeks’ notice. The new legislation will restrict landlords to a handful of legal reasons for evictions, including wanting to move back in, anti-social behaviour by tenants or persistent rent arrears. Source link
UBS generated a net profit attributable to shareholders of $3 billion for the first quarter, up 80% year-on-year and surpassing the $2.8 billion estimated by analysts, according to an LSEG-compiled consensus poll. The Swiss banking and asset management giant’s common equity tier (CET) 1 capital ratio — a gauge of a bank’s solvency — also increased, reaching 14.7% during the period, up from 14.4% the previous quarter.UBS said it remains on track to buy back $3 billion in shares ahead of its next earnings report for the second quarter, having repurchased $900 million of shares during the three-month period. The…
JetBlue Airways is moving forward with its flight plans at Fort Lauderdale–Hollywood International Airport, its president said, regardless of whether the airport’s No. 1 carrier, Spirit Airlines, gets a government bailout.JetBlue, United Airlines, Frontier Airlines, Breeze Airways and others added flights last year at Fort Lauderdale, Florida, which is Spirit’s home hub as well as at other major airports where Spirit has a large presence. Those moves came shortly after Spirit filed for Chapter 11 bankruptcy protection for the second time in less than a year.As a possible liquidation looms, budget carrier Spirit is in talks with the Trump administration…
House Democrats urge Trump to keep US ban on Chinese cars Source link
The Japanese companies will test the G1 robot and Walker E robot from Chinese companies Unitree Robotics and UBTECH Robotics, according to The Asia Business Daily. Humanoid robots still typically cost tens of thousands of dollars per unit despite Chinese robotics manufacturers scaling up mass production, although the Unitree G1 robot costs as low as $13,500 for the baseline model. A new video from an apparently staged demonstration in an aircraft hangar shows one of the humanoid robots tottering up to a large, metal cargo container and making a vague pushing gesture. But the cargo container only begins to move…
BBC South’s Ellie Cleverley has 60 seconds to explain what the local elections are and how you can vote. Source link
At Godfried Donkor’s studio in south London, a canvas leans against the wall, ready to transport to the Arsenale, where the main exhibition at the Venice Biennale will unfold. At its centre, Caribbean-born boxer Peter Jackson is depicted with angel wings; below him, a dragon and a ship; above, the words “Kumasi” and “Gold”. The backdrop resembles a close-up of the Financial Times’ pink pages, on which numbers sit alongside names: Muhammad Ali, Michael Jackson, Louis Armstrong. Based on the iconography of St Michael vanquishing a dragon, the work stitches together the artist’s many interests, from the history of the slave trade…
Jonathan Raa | Nurphoto | Getty ImagesThe United Arab Emirates’ shock decision to leave OPEC is reverberating across global energy markets, exposing fractures in the powerful oil cartel as production quotas risk prompting other members to follow suit. The country’s decision follows weeks of missile and drone strikes by fellow OPEC member Iran, with the blockade of the Strait of Hormuz disrupting its exports, putting pressure on the backbone of its economy.”The UAE exit is another chapter in the changing membership of the group,” said Andy Lipow, president of Lipow Oil Associates. “If countries that are abiding by their quota…