NEWS

JPMorgan Resumes India Expansion with First New Branch in Nearly a Decade

JPMorgan Resumes India Expansion with First New Branch in Nearly a Decade

By Cygnus | 11 Dec 2025

JPMorgan receives RBI approval to open a new branch in Pune, its first India expansion in nearly a decade, targeting corporate and industrial clients.

Drax Targets Data Centre Launch at Former Coal Site by 2027 to Feed AI Power Demand

Drax Targets Data Centre Launch at Former Coal Site by 2027 to Feed AI Power Demand

By Axel Miller | 11 Dec 2025

Drax Group plans to convert its Yorkshire coal plant into a 100MW data centre by 2027, eyeing 1GW capacity for AI infrastructure. 2025 profits forecast to hit top estimates.

South Korea’s SK On and Ford Motor to End U.S. Battery Joint Venture

South Korea’s SK On and Ford Motor to End U.S. Battery Joint Venture

By Cygnus | 11 Dec 2025

Ford and SK On dissolve their $11.4B BlueOval SK joint venture. Ford takes full control of Kentucky plants, while SK On retains the Tennessee site amid EV market shifts.

Over 30 Sanctioned Vessels in Venezuela Face Fresh Risk After U.S. Seizes Tanker

Over 30 Sanctioned Vessels in Venezuela Face Fresh Risk After U.S. Seizes Tanker

By Axel Miller | 11 Dec 2025

U.S. seizes Venezuelan oil tanker Skipper, putting over 30 sanctioned vessels at risk and rattling the global shadow fleet.

Airbus CEO Acknowledges Boeing May Lead 2025 Aircraft Order Race

Airbus CEO Acknowledges Boeing May Lead 2025 Aircraft Order Race

By Cygnus | 10 Dec 2025

Airbus CEO admits Boeing likely wins 2025 order race, leading 908-700. Trade deals aid Boeing, but Airbus retains top backlog and delivery spots.

HSBC to Pay $300 Million to Settle French Tax Investigation

HSBC to Pay $300 Million to Settle French Tax Investigation

By Axel Miller | 10 Dec 2025

HSBC agrees to pay approximately $300 million to settle a French criminal investigation into “cum-cum” dividend tax fraud. The deal resolves years of scrutiny by France’s PNF financial prosecutor.

Google and Apple move closer to seamless Android–iPhone switching

Google and Apple move closer to seamless Android–iPhone switching

By Cygnus | 10 Dec 2025

Google and Apple collaborate to simplify data switching between Android and iPhone, while Android develops a "NameDrop" rival called Gesture Exchange.

SpaceX Weighs Historic $25 Billion IPO in 2026 with Sights on $1 Trillion Valuation

SpaceX Weighs Historic $25 Billion IPO in 2026 with Sights on $1 Trillion Valuation

By Axel Miller | 10 Dec 2025

SpaceX eyes a potential $25 billion IPO in 2026, targeting a $1 trillion valuation driven by Starlink growth and Starship expansion.

Court overturns wind freeze, yet solar projects remain stalled under federal review

Court overturns wind freeze, yet solar projects remain stalled under federal review

By Cygnus | 10 Dec 2025

Federal court overturns Trump administration’s wind permit freeze, but solar projects remain stalled under Interior Secretary’s oversight, threatening gigawatts of energy capacity.

Oracle’s AI Bet Faces Reality Check as Debt and OpenAI Reliance Spook Investors

Oracle’s AI Bet Faces Reality Check as Debt and OpenAI Reliance Spook Investors

By Axel Miller | 10 Dec 2025

Oracle shares cool as investors scrutinize debt levels and reliance on OpenAI. Despite strong cloud growth, rising capital costs and concentration risk weigh on the outlook.

Venture Global Rejects Shell's Fraud Claims as LNG Battle Intensifies

Venture Global Rejects Shell's Fraud Claims as LNG Battle Intensifies

By Axel Miller | 10 Dec 2025

Venture Global denies Shell’s fraud allegations in New York court filing, citing confidentiality breaches while signaling potential settlement talks. Stock slides to $6.56.

Samsung SDI Wins $1.36 Billion U.S. Battery Order as Pivot to Grid Storage Accelerates

Samsung SDI Wins $1.36 Billion U.S. Battery Order as Pivot to Grid Storage Accelerates

By Cygnus | 10 Dec 2025

Samsung SDI signs a $1.36 billion deal to supply LFP batteries for U.S. energy storage systems, converting EV production lines in Indiana to meet grid demand.

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