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StanChart will replace “lower-value human capital” with AI and eliminate more than 7,000 jobs.
NextEra and Dominion’s $67 billion deal creates a massive power company as AI drives energy demand in the US.
BlackRock considers investing billions of dollars in SpaceX’s IPO, the biggest-ever stock market flotation.
SK Hynix rides on the AI boom to near a $1 trillion market value.
ECB warns that banks brace for more aggressive AI cyberattacks and flags lack of Mythos access.
U.S. Vanguard aims to double its European assets to $1 trillion in five years.
Africa-France summit agreements and new collaborations are on the agenda with deals worth over $1 billion.
Washington boosts Intel with an Apple chip-making deal.
EBRD strikes the first major risk transfer agreement worth one billion euros.
Apollo’s assets under management surpassed $1 trillion, driving its fee earnings to a record high.
In an effort to replace “lower-value human capital” with technology, Standard Chartered will eliminate almost 7,000 positions over the course of the next four years.
In an all-stock deal worth roughly $67 billion, NextEra Energy is looking to acquire Dominion Energy to create a huge power firm as artificial intelligence
BlackRock has talked about investing between $5 billion and $10 billion in SpaceX’s IPO next month. At a valuation of over $1.75 trillion, SpaceX hopes
Just weeks after Samsung Electronics achieved the milestone, SK Hynix is poised to surpass a $1 trillion market valuation as robust demand for AI places
Frank Elderson, a board member of the European Central Bank, advised banks in the euro region on Wednesday to promptly get ready for any cyberattacks
Vanguard’s CEO of Europe said the company will broaden its product line for regular investors in Europe with the goal of becoming the largest retail
On Monday, more than thirty African leaders began a summit with French President Emmanuel Macron in Kenya as Paris looked for fresh agreements and collaborations
The Wall Street Journal reported on Friday that Intel has signed a preliminary agreement to produce some chips for Apple devices, potentially boosting Intel’s contract
The European Bank for Reconstruction and Development has carried out its first significant risk transfer deal, the EBRD said on Thursday, looking to scale up
Apollo Global Management reported on Wednesday that its earnings from fees for the first quarter reached all-time highs as its assets under management exceeded $1
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