Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Google has agreed to purchase power from a planned fusion power plant in the 2030s in only the second electricity offtake deal to be signed in the nascent fusion energy sector.The technology giant has committed to buy 200 megawatts of electricity from Commonwealth Fusion Systems’ planned power station in Virgina under a multiyear power purchase agreement, the companies said in a statement on Monday.US-headquartered CFS, which raised a record $1.8bn from investors including Google in 2021, hopes the proposed 400MW facility will…
‘We think Western Europe, China and India will continue to be the key growth drivers’ for Crocs, the analysts said. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Oracle shares soared to a record high, as the database giant announced a $30bn cloud computing contract worth nearly triple the annual revenue it generates from its fastest-growing division.The tech group, which is valued at about $620bn, said in a regulatory filing on Monday that it had signed a deal that would start to bring in revenue in 2028.Oracle shares were up 4.9 per cent at midday in New York, but had earlier gained as much as 8.6 per cent to hit…
Independence Day comes with many closures, though it may be a good time to hit the stores. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldRenewable power shares whipsawed on Monday as new revisions to Donald Trump’s spending plan created a division of haves and have-nots in the future of US clean energy.The amendments would raise costs for wind and solar developers that source parts from China but would create exemptions for some residential solar companies, reflecting the administration’s antipathy towards renewable energy but preference for American manufacturing. Companies that build industrial-scale wind and solar would be hit hardest, while those that lease out solar…
Netflix’s ‘Happy Gilmore 2,’ Hulu’s ‘It’s Always Sunny,’ Paramount’s ‘Star Trek: Strange New Worlds’ and Max’s streaming debut of ‘Sinners’ are the highlights of a slow month Source link
Oracle announced a new cloud agreement. Plus, a Stifel analyst is freshly optimistic about the revenue opportunities ahead of the company. Source link
Annuities are savings and income products offered by insurance companies. They are often included in retirement planning as potential sources of income. Technically, they’re not investments, however. They act more like irons in the fire, waiting and ready to provide you with income at a time and in a manner that you choose. Read on to learn about their impact on your retirement income and whether they might play a part in your planning. Key Takeaways An annuity is a contract between an insurance company and an individual that can pay a stream of income in retirement.The money you pay…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldRunning to about 1,000 pages, the US tax package known as the “big beautiful bill” covers a bewildering array of topics. Yet one tweak that ought to have been included wasn’t: the “carried interest” distortion that plumps the feather beds of private equity executives. This loophole, which dates back to the 1950s, allows managers who oversee private equity investments at firms like Blackstone, KKR and Apollo Global Management to treat their roughly 20 per cent share of the fund’s profit…
These days, many businesses are turning hiring into a hoop-jumping affair. But does that really find the best candidate? Source link