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European steelmakers rise after EU proposes slashing tariff-free import quota
LONDON — European stocks moved higher on Wednesday, as investors reacted to proposed tariffs on steel imported into the European Union. The pan-European Stoxx 600 was up around 0.6% by 3 p.m. in London (10 a.m. ET), with most sectors and major bourses in positive territory. The U.K. has been left fearing for its beleaguered […]
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SoftBank to buy ABB robotics unit for $5.4 billion as it boosts its AI play
An ABB robot on a production line at the Sony UK Technology Centre in Pencoed, UK. Bloomberg | Bloomberg | Getty Images SoftBank Group on Monday said it had agreed to buy the robotics division of Swiss engineering firm ABB for $5.4 billion, as the Japanese giant looks to bolster its artificial intelligence plays. The […]
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The impact of tariffs is starting to show up in Europe’s company earnings
Earnings season has kicked off in Europe , and the impact of U.S. tariffs are beginning to show up in the hard numbers. That has now made analyst consensus — which just last week predicted a mild 0.2% dip in profits for companies on the Stoxx Europe 600 index — forecast a 0.7% year-over-year decline, according […]
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Europe markets open lower ahead of ECB decision; Siemens Energy jumps 12% on upgraded forecast
Hermès sales rise but narrowly miss analyst expectations A Hermes Birkin bag in a window display at a KaDeWe department store in Berlin, Germany, on Friday, Jan. 3, 2025. Bloomberg | Bloomberg | Getty Images Luxury group Hermès reported higher revenue as U.S. sales grew strongly in the first quarter, though slightly missed analyst expectations. […]
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Why are European stocks holding up much better than U.S. equities amid the trade war?
European stock markets are holding up significantly better than their American peers amid the escalating tit-for-tat trade war between the world’s largest economies. While the S & P 500 has fallen nearly 11% year-to-date, European indices have fared considerably better. The STOXX Europe 600 is down just 4.4%, France’s CAC 40 has slipped 4%, Britain’s […]
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How China’s DeepSeek could boost the already booming data center market
The emergence of cheaper and more efficient AI models off the back of China’s DeepSeek could reshape demand for data centers, boosting a sector that investors were already heavily betting would continue to boom. For years now, analysts have forecast exponential growth in data centers — the critical infrastructure required for powering the world’s digital […]
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Europe stocks open in the green to extend record high; traders digest dovish ECB messaging
French inflation held at 1.8% in January French inflation came in at 1.8% in January on a preliminary basis, steady on the previous month, statistics agency Insee reported Friday. Economists polled by Reuters expected a reading of 1.9%. The figure is adjusted for comparison with other euro zone countries. National German inflation figures are due […]
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European markets head for higher open anticipating ECB rate cut; Shell and Deutsche Bank earnings on deck
European markets were set to open higher Thursday as investors await key earnings, economic data and the European Central Bank’s latest monetary policy decision. The U.K.’s FTSE 100 index is expected to open 2 points lower at 8,555, Germany’s DAX up 24 points at 21,649, France’s CAC up 25 points at 7,892 and Italy’s FTSE MIB […]
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What’s behind Siemens Energy’s 300% rise this year — and what’s next?
Spun off from its parent company during the Covid-19 pandemic, Siemens Energy has been on a roller coaster over the past 18 months — from a near-death drop to a dizzying climb of over 310% this year. Yet, despite the gains, investors and analysts say the shares are set to rise further still. The big […]
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From nuclear to quantum computing, how Big Tech intends to power AI’s insatiable thirst for energy
Industrial chiller at Yotta Data Services Pvt. data center, in Navi Mumbai, India, on Thursday, Mar. 14, 2024. Bloomberg | Bloomberg | Getty Images A huge upswing in the number of data centers worldwide shows no signs of slowing down, prompting Big Tech to consider how best to power the artificial intelligence revolution. Some of […]
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