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Keywords: Investment
Swiss engineering group ABB Ltd has announced a major investment of around $200 million to expand its production capacity for medium-voltage electrical equipment in Europe. The move aims to respond to rapidly increasing demand for electricity infrastructure driven by data centers, electric mobility,......
Hungary’s incoming government has announced plans to review the financing and implementation of the expansion project at the Paks Nuclear Power Plant, signaling a possible shift in the country’s energy and foreign policy direction. The statement was made by Istvan Kapitany during a parliamentary......
Global banking group HSBC Holdings has raised its year-end target for the S&P 500 index, reflecting stronger-than-expected corporate earnings and continued optimism in U.S. equity markets. In its latest outlook, HSBC increased its forecast for the index to 7,650 points from 7,500, citing resilient......
India and Peru are expected to resume negotiations on a proposed free trade agreement in June, according to diplomatic sources, as both countries seek to strengthen economic cooperation and expand trade opportunities. The discussions are aimed at finalizing a comprehensive trade pact that could enhance......
French shipping giant CMA CGM has signed a strategic partnership with the government of Kenya, marking a new step in its expansion across the African continent. The agreement was announced in Nairobi during the “Africa Forward” summit, in the presence of French President Emmanuel Macron......
Microsoft’s planned data center project in East Africa is facing delays following disagreements with the Kenyan government over financial guarantees, according to a Bloomberg News report. The project, developed in partnership with the United Arab Emirates-based artificial intelligence company......
Chinese artificial intelligence laboratory DeepSeek is in advanced negotiations to raise up to 50 billion yuan, equivalent to 7.35 billion dollars, in what would be the largest funding round ever completed by an AI company in China. The deal would value the previously self-funded startup at up to 50......
Vodafone Group is considering transferring part of its 19% stake in its Indian joint venture Vodafone Idea into the local unit’s treasury as part of a strategy to strengthen its financial position, according to a report from Bloomberg News. The move is seen as an alternative to injecting fresh......
Mercedes-Benz Trucks has inaugurated a new industrial plant in Argentina with an investment valued at approximately $110 million, reinforcing the company’s expansion strategy in the Latin American market. The new facility is located in Zárate, an important industrial municipality in Buenos......