Author: Lucas

You can’t just scrape 100,000 investment bankers off the internet. The AI spending spree continues apace with no end in sight. In earnings calls Wednesday, Meta, Google and Microsoft all said they would continue to hike their capital expenditures to build out AI data centers, on top of the $400 billion that major tech companies are on track to spend on AI infrastructure this year, according to Morgan Stanley estimates.But so far, return on investment for AI use cases has been weak. A recent MIT study found that 95% of generative AI pilots at companies have failed to develop beyond…

The DJS Law Group  reminds investors of a class action lawsuit against  James Hardie Industries plc (“James Hardie ” or “the Company”) for violations of §§10(b) and 20(a) of the Securities Exchange … Source link

IMPALA Platinum (Implats) welcomed the improved platinum group metal (PGM) market which helped offset disrupted first quarter production. Commenting in an update on Friday, the miner said first quarter gross production fell 4.9% to 882,000 ounces owing to lower volumes from both managed mines and joint ventures. Group refined and saleable production fell 2.8% to 830,000 oz in the period. Despite this first quarter decline, Implats said it was “firmly on track” to deliver into forecast output for the 2026 financial year of 3.4 to 3.6 million oz in group refined and saleable production, said CEO Nico Muller. Group unit…

India’s markets regulator is likely to penalise Multi Commodity Exchange for a four-hour outage on Tuesday that was caused by a trading spike, two sources with direct knowledge of the matter told Reuters on Friday. The disruption was a result of a “capacity breach”, with the exchange unable to handle the number of clients trading on that day, according to the sources.They did not want to be named as they are not authorised to speak to media. The Securities and Exchange Board of India (SEBI) did not respond to an emailed query. MCX blames system limits for trading disruption MCX…

X Register for free to receive latest news stories direct to your inbox Register Two South West specialist firms have formed a joint venture to speed up the way cleanrooms used by the pharma, life sciences and advanced manufacturing sectors are designed and built. Called Modular Clean Air (MCA), the new initiative will produce fully compliant, off-site manufactured cleanrooms in a fraction of the time using traditional methods. This will allow fast-growing firms, universities and research bodies in key industries ranging from pharmaceuticals to aerospace to speed up their research, manufacturing and time to market. Behind the new joint venture…

Japanese utilities Jera and Tohoku Electric Power, buyers of liquefied natural gas (LNG) from Russia’s Sakhalin-2, can secure alternative supplies if flows are interrupted, executives said, amid U.S. pressure to end energy imports from Russia.The United States this month urged Japan, along with other Russian energy buyers, to stop imports as it pushes the Kremlin towards ending the war in Ukraine. Japan’s long-term contracts with Sakhalin-2 cover about 9% of its LNG imports.Jera gets about 2 million metric tons of LNG per year from the project under two contracts ending in 2026 and 2029. Jera is also a major LNG…

Amazon’s cloud revenue rose at the fastest clip in nearly three years, helping the company forecast quarterly sales above estimates and driving its shares up 14% in after-market trading. The company projected increased capital spending next year. The online retailer benefited as businesses continue to spend relentlessly on artificial intelligence software development. Massive cloud demand is helping the tech company ease the pressure from softer growth at its e-commerce business, which is gearing up for the critical holiday season amid weakness in consumer confidence stemming from global trade uncertainty. Amazon’s rally in extended trading lifted the company’s market value by…

Punjab approves ordinance to end land grabbing disputes within 90 days – Daily Times We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy Source link

SYDNEY Sweeney oozed sexy sophistication in a sheer silver dress which clung to her curves as she stepped out in California. The White Lotus actress, 28, went braless under her figure-hugging attire, which featured a floor-skimming hemline and elbow-length sleeves. Sign up for the Showbiz newsletter Thank you! Sydney Sweeney looked sensational in silver as she attended Variety’s 2025 Power Of Women at The Beverly Hills HotelCredit: Getty She stepped out in a sheer silver gown that clung to her curvesCredit: Getty The frock featured a floor-length hemline and elbow-cut sleevesCredit: Getty The White Lotus star gave an emotional speech…

Eleanor MaslinEast Yorkshire and LincolnshireBBCMore than 100 Lindsey Oil Refinery staff will experience their final working day later after being made redundantA union is urging the government to furlough workers at an oil refinery ahead of their final day.Staff at Lindsey Oil Refinery in North East Lincolnshire will say goodbye to 124 of their colleagues later, who have been made redundant after owner Prax Group went into administration and the site was taken over by the Official Receiver.Unite regional co-ordinating officer Harriet Eisner said: “This government needs to show workers whose side it is on and furlough the workforce until…