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FTSE 100 today: Stocks down as Iran blockade fears eclipse upbeat earnings Source link

But industry executives argue that the trade-off between water and energy is often misunderstood. Doug Adams of NTT Global Data Centers, the world’s third-largest data center operator, says closed-loop systems can reduce overall energy demand. “It’s more costly to build up front, but in the long run it’s more efficient to use [coolant] to evacuate heat,” he says. OpenAI chief Sam Altman—whose start-up has committed to spend $600 billion on infrastructure by the end of 2030, according to people familiar with the matter—recently bristled at the suggestion that data centers consume huge amounts of water. Appearing at the India AI…

Bootle MP Peter Dowd said speculation he could create an opening for the mayor was “tittle tattle”. Source link

A TK Elevator (TKE) elevator on display at the Microsoft Corp. booth at the Hannover Messe 2026 trade fair in Hannover, Germany, on Monday, April 20, 2026.Bloomberg | Bloomberg | Getty ImagesFinland’s Kone has agreed to buy German rival TK Elevator in a deal valued at 29.4 billion euros ($34.4 billion), marking one of Europe’s biggest takeover agreements in recent years.The cash and share agreement, which had been rumored in recent days, would create the world’s largest elevator maker, overtaking rivals such as U.S.-based Otis and Switzerland’s Schindler. Kone said the deal would result in estimated synergies of 700 million…

Logo of the Organization of the Petroleum Exporting Countries (OPEC)Andrey Rudakov | Bloomberg | Getty Images Hello, this is Katie Foley writing to you from London. The UAE’s shock OPEC exit is rippling across markets. But there are a host of other currents at play for investors today – a slew of earnings, a raft of rate decisions and a sea change at the Fed.What you need to know todayAnd finally…UAE’s departure from the OPEC oil cartel is not without precedence. Who could be next?The United Arab Emirates’ shock decision to leave OPEC is reverberating across global energy markets, exposing fractures in…

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…