EMEA
Is AI selloff a window to buy? Morgan Stanley sees multiple buying opportunities on Wall Street
Morgan Stanley sees the recent AI stock selloff as an overreaction and recommends selectively buying the dip across hyperscalers, semiconductor and infrastructure companies. The brokerage expects some US data centre projects to shift from 2028 to 2029 following Democratic election victories, potentially extending the AI capital expenditure cycle and reshaping investment opportunities.
Mphasis posts 19.6% growth in Q2 profit at Rs 561.1 crore
The Bengaluru-headquartered company's revenue for the three months ended September 30 rose 17.4% from a year earlier and 4.5% sequentially to Rs 4,580.9 crore.
AI data center stocks dip, renewables surge after Democrat sweep in US midterm elections
The Democratic sweep, which included victories in traditional Republican strongholds and key data-center hubs Texas and Georgia, will usher in divided government in Washington and raises the prospect of greater congressional oversight of industries that benefited from Republican control.
AI data center stocks dip, renewables surge after Democrat sweep in US midterm elections
AI data centre stocks declined while renewable energy and healthcare shares rallied after Democrats won control of Congress in the US midterm elections. Investors assessed the possibility of tighter AI oversight and continued clean energy support. Defence contractors and prison operators fell amid concerns over changing government spending and immigration policies.
Silver ETFs jump up to 6%, white metal reclaims $51 as Democrats win US midterms. What should investors do?
Silver ETFs rallied up to 6% as silver prices rebounded above $50 an ounce following the Democrats' US midterm election victory. Experts advise investors against chasing the recovery, citing volatility, uncertain industrial demand and the possibility of further price swings.
Silver prices jump over 4% to reclaim $51/oz as Democrats secure US midterm victory. What’s happening?
Silver prices surged over 4% to reclaim the $51/oz mark after Democrats secured a victory in the US midterm elections, weakening the dollar and Treasury yields. However, HSBC expects further gains to be limited as silver trades close to levels justified by fundamentals. Industrial and jewellery demand may weaken, while institutional buying and supply constraints could offer support.
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Anthropic's filing for blockbuster US IPO shows key executives and board
In a significant step forward, Anthropic has filed for a US initial public offering, with hopes for a mid-November listing. Amid rising interest rate concerns and investor scrutiny over AI sector stock performance, the company is backed by a formidable leadership team. Co-founders Dario and Daniela Amodei lead this endeavor, promising a noteworthy entry into the public market for Anthropic.
Why sovereign AI is critical to India’s next growth leap?
India has already created considerable momentum. The priority now is to connect government initiatives, industry investments, academic research and startup innovation into a coherent ecosystem.
Understanding the tech behind Dolby Cinema: What makes it different from a regular theatre?
Dolby Laboratories has launched Kerala’s first Dolby Cinema in Fort Kochi, combining Dolby Vision projection and Dolby Atmos sound in a 450-seater auditorium. But what makes it different from a regular theatre, how does its technology improve the movie-watching experience, and will the difference justify a premium ticket price?
Explained: Why are credit default swaps unnerving AI investors?
Although shares in companies driving the AI boom are still among the biggest gainers on global equity markets this year, many have fallen sharply in the past few weeks, as investors reassess the cost of capital against a backdrop of rising interest rates and inflation.
Why are credit default swaps unnerving AI investors?
The cost of insuring against the risk of potential US tech defaults has hit record levels in the latest sign of credit stress building in the so-called AI trade, especially for data centres dependent on future revenue.
Radisson India revenue to cross €500 million this year, eyes €750 million in four years
Radisson Hotel Group anticipates its revenue in India to surpass 500 million Euros this year and aims for over 750 million Euros in the next four years. The chain currently operates 146 hotels in India, significantly below its 318 hotels in China, making India its second largest market. The company plans to expand without consolidating with Jin Jiang brands in India while partnering with Sarovar Hotels.
Scaleway to build AMD-powered AI supercomputer in Sweden
Scaleway is embarking on an ambitious project to build an AI supercomputer in Sweden, which will significantly bolster the European AI infrastructure landscape. The supercomputer will feature AMD Instinct MI355X chips, tailored for advanced AI functionalities. Sweden was chosen for its sustainable energy resources and burgeoning AI industry, and the assembly will be carried out by the French company Bull, showcasing the collaborative efforts in Europe's tech ecosystem.
More layoff pain: Nike, airBaltic and Microsoft's Hellblade studio announce major job cuts
Nike is planning to implement further job cuts as part of its restructuring programme, which began in March. Meanwhile, developers at Hellblade studio Ninja Theory have reported layoffs, affecting several members of the team. European airline airBaltic is also considering cutting between 500 and 700 jobs, with decisions expected to be finalized soon. These changes are causing uncertainty among employees and may impact ongoing projects significantly.
Dubai hotels filling up again but rates yet to recover
Dubai hotels are heading into the winter season with occupancy recovering towards last year’s levels, but travellers could still find cheaper rooms. Operators expect rates to remain 10-15% below 2025 levels as they prioritise filling rooms, with Indian tourists emerging as an important source of demand amid continued disruption to international flights.
India's Data Centre development pipeline through 2030 reaches 3,860 MW
India's data centre pipeline is projected to reach 3,860 MW by 2030. This expansion requires nearly $29.9 billion in development capital for the country. APAC data centre capacity will grow 2.7 times by 2030. Mumbai leads with 890 MW operational capacity and significant upcoming supply. Other markets like Hyderabad and Chennai are also seeing substantial development.
Oracle layoffs: Long-serving employees along with strong performance ratings are also among those affected; India layoffs may follow
Oracle has reportedly begun a new wave of layoffs impacting staff throughout the United States. Those affected were shocked to find their jobs eliminated when they lost access to internal systems on September 14th. Cuts were noted in various departments, such as OCI security and NetSuite sales. Employees were surprised by the cuts, as prior performance evaluations seemed irrelevant.
Oracle begins new round of layoffs: Logins stopped by 4 a.m., Slack disconnected by 5:30 a.m., then came the dreaded ‘6 a.m. email’; more job cuts likely in India
On September 14, Oracle commenced yet another wave of considerable layoffs, revealing a stringent approach to workforce management. Notification of job terminations was delayed as affected employees faced abrupt access restrictions. The layoffs spanned various divisions within Oracle's global framework. Concurrently, the company is boosting its investments in AI and infrastructure, following previous workforce reductions earlier in the year.
Mumbai set to hold 68% of India's data centre capacity by 2030
Mumbai's data centre capacity will reach sixty-eight percent by 2030. This expansion reflects sustained demand from financial institutions and cloud providers. Significant capital commitments are fueling this growth, particularly for AI workloads. Structural factors like power and connectivity support Mumbai's leading position. Diversification to secondary hubs will not alter Mumbai's market leadership within the decade.
Wingify appoints Mehernaz Dalal as chief financial officer
In her new role, Dalal will work closely with CEO Sparsh Gupta, the leadership team, Everstone and the board to build the financial and operating platform that will support Wingify’s next phase of global expansion while enabling the company to pursue its long-term growth and strategic priorities.
Jio Haptik appoints Adarsh as Enterprise Business Head to drive global AI growth
Jio Haptik has appointed Adarsh as its new Enterprise Business Head. He will lead sales, customer success, and international expansion efforts. Adarsh brings nearly two decades of global experience in enterprise sales. The company aims to accelerate enterprise growth and expand its global market presence. Haptik will focus on delivering measurable business outcomes through intelligent agents.
Global Markets: Goldman Sachs tightens grip on EMEA M&A advisory as dealmaking hits 19-year high
Goldman Sachs has significantly boosted its M&A advisory dominance in EMEA, capturing its largest market share in nearly a decade. This surge coincides with a robust revival in regional dealmaking, reaching a 19-year high.
JPMorgan names Conor Hillery, Matthieu Wiltzas EMEA co-CEOs: Reports
JPMorgan Chase has appointed Conor Hillery and Matthieu Wiltz as co-chief executive officers for Europe, the Middle East, and Africa. This strategic move signals the bank's increased commitment to the region. The new leaders aim to boost EMEA revenues significantly by the end of the decade. They bring extensive experience and will continue their existing roles.
Citi to cut as many as 50 bankers in EMEA: Sources
Citi declined to comment on the figure, which provides the strongest indication yet of how deep proposed cuts will run as dealmaking slumps, hit by the Ukraine war, higher interest rates and soaring inflation. Citi employs around 6,000 people across banking, capital markets and advisory activities globally.
Citigroup profit jumps, plans Asia, EMEA exits as Fraser makes her mark
The country's third-largest lender reported $7.94 billion in profit, triple $2.54 billion a year earlier, as it released funds set aside to cover pandemic loan losses and cashed in on a boom in listed shell company deals which has boosted underwriting income across Wall Street.
JP Morgan appoints Vis Raghavan CEO of EMEA business
Raghavan joined JP Morgan from Lehmann Brothers in 2000 and has since held a variety of positions.
PC shipments dip 10% in EMEA region in Q1 of 2016: Gartner
Personal computer shipments in Europe, the Middle East and Africa (EMEA) declined by 10 per cent to 19.5 million units in the first quarter this year, preliminary results by Gartner showed.
'Global demand for luxury homes strong in EMEA region'
Ultra-rich individuals collectively own real estate worth nearly USD 3 trillion globally and demand for luxury homes is strong in the Europe, the Middle East and Africa (EMEA) region
DuPont to show innovative materials at Interplastica
Among DuPont innovations at Interplastica 2015 will be new forward-thinking materials and technologies, to significantly reduce weight in automotive without compromising performance and sustainability.
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