Globe And Street: global business and finance news

Uzbekistan wind and battery project nears full operation

The €232 million Nukus 2 project has 25 turbines generating power, with battery commissioning targeted for completion by the end of November 2026.

CompaniesNov 10, 9:47 PM

SoftBank posts ¥1.1 trillion quarterly loss after US data center setback

The Japanese technology investor recorded a $3.7 billion loss tied to equipment spending for revised AI infrastructure projects.

CompaniesNov 10, 9:32 PM

IBM ends US immigration sponsorship for most consulting roles

IBM Consulting employs more than 150,000 people. The company cited changes in available skills and client needs for its decision.

Latest

All latest →

Nov 10, 10:34 PMEnergy & Commodities
Uzbekistan wind and battery project nears full operation
Nov 10, 9:47 PMCompanies
SoftBank posts ¥1.1 trillion quarterly loss after US data center setback
Nov 10, 9:32 PMCompanies
IBM ends US immigration sponsorship for most consulting roles
Nov 10, 8:19 PMIPO & Deals
Proximal Ventures secures $27.5 million for debut AI healthcare fund
Nov 10, 7:34 PMIPO & Deals
OpenAI acquires travel AI startup Odessia, founder says
Nov 10, 7:04 PMCompanies
OpenAI revenue reaches $10 billion as operating losses widen
Nov 10, 6:19 PMEconomy & Policy
Japan factory confidence reaches highest level since August 2021
Nov 10, 5:49 PMCompanies
CoreWeave raises revenue outlook as spending plans weigh on shares
Nov 10, 4:04 PMIPO & Deals
Nvidia-backed Nscale weighs delay to $35 billion listing
Nov 10, 3:49 PMIPO & Deals
Anthropic founders plan share sales of about $250 million each in IPO

Sections

By section

All latest →

World

Azerbaijan and Ukraine sign cooperation agreements spanning 14 sectors

The countries adopted a 2026-2027 action plan as official figures showed bilateral trade increased 10.5% in the first eight months of 2026.

Nov 6, 11:48 AMIran and Russia discuss gas pipelines, railway and regional security
Oct 31, 1:18 PMOIC anti-corruption officials seek closer cooperation on asset recovery
Oct 30, 1:18 PMTurkic leaders back closer transport links between Asia and Europe
Oct 21, 12:18 PMEU trade committee chair urges broader agreement with China

Markets

US yields rise and stocks fall as inflation strengthens case for larger Fed hike

October consumer prices rose 0.4%, exceeding economists’ forecasts, while core inflation also came in above expectations.

Nov 10, 8:33 AMGlobal stocks advance as oil retreats before US inflation data
Nov 9, 7:48 PMDollar steadies in Asia ahead of US inflation figures
Nov 8, 10:03 PMAsian shares recover as traders increase bets on Fed rate rise
Nov 7, 9:34 AMJapanese investors end six-week retreat from foreign long-term bonds

Economy & Policy

Japan factory confidence reaches highest level since August 2021

Electronics makers led the improvement in November, while confidence among non-manufacturers reached its highest level since June 2018.

Nov 9, 10:20 PMBOJ sees 1 trillion yen in extra annual ETF proceeds, minister says
Nov 9, 1:05 PMEU draft sets out fines of up to 6% for unfair digital sales practices
Nov 9, 9:04 AMLecornu brings forward French minimum-wage rise and plans tax relief
Nov 8, 8:18 PMJapan's July 30 yen intervention hit record ¥7.98 trillion

Companies

OpenAI revenue reaches $10 billion as operating losses widen

The ChatGPT maker's adjusted operating margin improved to -109%, according to a media report citing investor documents.

Nov 10, 5:49 PMCoreWeave raises revenue outlook as spending plans weigh on shares
Nov 10, 8:18 AMVodafone raises earnings outlook despite €4.79 billion first-half loss
Nov 9, 5:48 PMSiriusXM taps Tubi chief Anjali Sud to succeed Jennifer Witz
Nov 9, 5:18 PMTrump Media posts $409.7 million profit as revenue climbs 205%

IPO & Deals

OpenAI acquires travel AI startup Odessia, founder says

Founder Francis Davidson has joined OpenAI, which confirmed his hiring but has not announced any new travel-specific products or plans.

Nov 10, 4:04 PMNvidia-backed Nscale weighs delay to $35 billion listing
Nov 10, 3:49 PMAnthropic founders plan share sales of about $250 million each in IPO
Nov 10, 2:34 PMOura announces $625 million acquisition of Counsel Health
Nov 10, 11:18 AMMercor raises $750 million at $20 billion valuation

Energy & Commodities

US power consumption set for new records through 2027, EIA says

The agency attributes rising demand largely to AI data centers, alongside greater use of electricity for heating and transportation.

Nov 9, 3:03 PMSpaceX plans Texas power and computing complex with $24 billion initial investment
Nov 9, 2:18 PMPortugal petrol prices fall 9.5 cents as tax change limits relief
Nov 8, 8:18 AMAnthropic strikes about $3.4 billion generator deal, media report says
Nov 8, 8:03 AMEgypt finds gas in Mediterranean reservoir estimated at 200 billion cubic feet

Crypto & Digital Assets

PNC and Coinbase plan stablecoin payment pilot for business clients

Eligible clients will receive Circle’s USDC, with payments automatically converted into US dollars.

Nov 6, 2:04 PMNubank and Mercado Pago restrict cryptocurrency transfers
Oct 29, 9:33 PMBinance investigates possible breach as frozen crypto reaches $2.54 billion
Oct 28, 6:03 PMCoinbase expands stablecoin lineup with Ripple's RLUSD
Oct 23, 6:34 PMBank of Italy official urges lenders to invest amid digital uncertainty

Finance

Sequoia to close London office and end Arc and Scouts programs

The venture capital firm says it has raised roughly $10 billion in new funds while combining investment teams and reducing internal hierarchy.

Nov 2, 9:19 PMAustralianSuper maintains AI focus on chips and data centers
Nov 2, 6:04 PMRevolut registered as New Zealand’s 27th bank
Oct 31, 8:48 AMApple Pay and Google Pay become available for Uzbekistan-issued cards
Oct 30, 4:48 PMSEC grants clearing exemptions for certain affiliate and non-U.S. repos

Tech

OpenAI adds business profiles and customer chat agents to ChatGPT

The initial rollout of Business Agents is limited to eligible U.S. e-commerce and online service businesses.

Nov 10, 12:04 PMInfineon expects AI data center demand to withstand growing opposition
Nov 9, 8:04 PMMeta launches Muse Ember for high-volume AI agent tasks
Nov 9, 7:03 PMDisney and Adobe agree to develop custom AI models
Nov 9, 4:04 PMAnthropic launches Mythos 5.2 and Fable 5.2, cuts Fable pricing