BUSINESS
Microsoft signs $9.7 billion AI cloud deal with IREN
Sydney-based IREN also said it’s agreed to purchase the requisite GPUs and related equipment for $5.8 billion from Dell Technologies Inc.
BUSINESS
Air India raises $215 million from Standard Chartered, Bank of India
Air India News: The six-year loan, raised through Gujarat International Finance-Tec City, or GIFT City, is priced at about 168 basis points over the secured overnight financing rate, said the people, who asked not to be identified because it is not yet public
BUSINESS
CVC in talks to buy KKR’s Avendus stake after Mizuho deal falters
New York-based KKR first bought into Avendus in 2015 and injected additional capital two years later
BUSINESS
Mizuho’s Avendus deal in India is said to stall on valuation
Mizuho was on the verge of buying a majority stake in Avendus in what would be the latest acquisition by a Japanese bank in India, people familiar with the matter said in June
BUSINESS
Barclays revamps Asia-Pacific investment banking leadership team
The firm, long known as a powerhouse in debt capital markets, has sought to deepen its footprint in equity financings and advisory.
BUSINESS
SoftBank nears deal to acquire chip designer Ampere
The Japanese company is discussing a deal that could value the Oracle Corp.-backed chip designer at about $6.5 billion, including debt, according to the people.
BUSINESS
Oil steady ahead of OPEC+ meeting as cease-fire reduces risks
Israel reached a deal for a 60-day cease-fire with the Lebanese militant group Hezbollah after weeks of talks mediated by the US.
BUSINESS
Google talks to utilities about nuclear power for data centres
Tech titans Microsoft and Amazon are already betting on nuclear energy as a source of stable, low-carbon power to meet skyrocketing electricity demand from their data centers.
WORLD
Gavin Newsom is ready for the Biden emergency
Newsom was there to cheer on President Joe Biden before his debate with former President Donald Trump. “Biden is confident,” Newsom told reporters. “He’s got a record and he’s got a vision for the future.”
BUSINESS
Elon Musk expected to meet with space startups during his India visit
Startups including Skyroot Aerospace, Agnikul Cosmos, Bellatrix Aerospace and Dhruva Space say they have received requests from the government to save the date for a meeting with Musk
WORLD
Nikki Haley won over billionaires and GOP’s old guard but couldn’t crack Trump’s base
Haley’s emergence as perhaps Trump’s most formidable challenger came too late, close watchers of the race said
BUSINESS
Pitfalls Lie in Wait for Emerging Markets After Euphoric Month
An MSCI index of emerging-market equities has jumped 7.1% in November, and a similar gauge of currencies has risen 2.3%, both the biggest advance since January.
BUSINESS
OpenAI leaders' efforts to bring back Altman reach impasse over Board Role
The campaign to reinstate Altman got underway soon after his firing on November 17, when the board members led by OpenAI Chief Scientist Ilya Sutskever dismissed Altman and stripped him of his director role, saying “he was not consistently candid in his communications with the board".
BUSINESS
New guardrails needed to protect green investment surge from counterproductive trade wars
WTO should allow well-designed subsidies that generate broader social benefits, provide timely disclosure of what they’re subsidising, set reasonable limits and impose effective penalties for transgressions. Such a framework would leave room for all to protect vital national interests without resorting to mutually harmful measures
WORLD
Brazil to cap carbon emissions for large polluting companies
The regulated carbon market will affect around 5,000 companies that annually emit more than 25,000 tons of CO2 equivalent into the atmosphere.
BUSINESS
Piramal alternatives plans to raise $1.5 Billion for private credit
Piramal Alternatives plans to raise $1.5 billion for investment in India’s high-yield companies via private credit, according to its chief executive officer.
BUSINESS
Electric vehicles alone can’t solve climate change
EVs can certainly play a role in reducing emissions. But global warming requires more nuanced and ambitious policies than simply splurging on tax credits.
BUSINESS
Europe's Gas outlook looks much rosier this year due to winter luck
Mild temperatures, which significantly curbed consumption, and China’s zero-Covid policy, helped Europe stock up on LNG last year. There's enough time to replenish gas storage and avert a crisis in the coming winter but no room for complacency
BUSINESS
Chipmaker TSMC's Europe factory plan gives it a new global dimension
TSMC's decision to invest an unprecedented sum into US and Europe factories followed key clients such as Apple Inc. and Nvidia Corp. telling the chipmaker, either implicitly or explicitly, that they will buy from these new factories
BUSINESS
ChatGPT is knock knock knockin' on Spotify's door
How long before ChatGPT or something like it can create James Blake or Grimes-esque or Beatles-like music from scratch? Benoit Carre, a composer of AI-assisted music, says that there’s no “big red button” yet to generate ready-made songs
BUSINESS
ECB Half-Point March Rate Hike Very Likely, Lagarde Says
The European Central Bank is scheduled to present new economic forecasts after the next rate decision, though Lagarde wouldn’t be drawn on details.
BUSINESS
This isn’t your mom and dad’s recession, says BofA’s Savita Subramanian
For previous generations, recessions looked really different, difference now is Fed has never had this type of an asset base
TRENDS
Noma and the Search for a Second Act
Noma chef Rene Redzepi had important questions for Ferran Adria, who’d shuttered El Bulli eight years before: How should he think about life after Noma? How does one go about a second act?
TRENDS
Billionaire Wanda Jianlin’s son arrested in China for assault
Besides running Prometheus Capital, founded in 2012 as a family fund, Wang Sichong has launched a variety of businesses, none of which have reached the heights of success of his father’s ventures.
