Sumitomo Corporation intends to invest 200 billion yen, which is about $1.3 billion, in various renewable energy projects in India, as reported by the Nikkei newspaper. This amount is nearly twice the initial plan. The investment will be managed through a partnership between the Japanese company and India's AMPIN Energy Transition. Together, they aim to develop projects with a combined capacity...

Workers United, the union for workers at around 550 Starbucks locations in the US, declared that hundreds of baristas across 34 cities have joined the strike, extending it to over 180 stores in 130 cities. The union thinks this strike might become the biggest in the company's past. The work stoppage started on November 13th across 65 stores in 40 cities in the US. It happened simultaneously...

The electrical steel division of the German industrial group Thyssenkrupp will entirely close its facilities in Gelsenkirchen and Isbergues, France, from mid-December through the end of 2025, as announced by the division. Additionally, beginning in January, the Isbergues site will function at 50% of its full capacity for a minimum of four months. Thyssenkrupp Electrical Steel (TKES) stated this...

Trafigura Group Pte Ltd, one of the world's largest commodity traders, reduced its net profit by 3% for the 2025 financial year, while deciding to increase its dividend by more than 40%. The company's net profit for the year ended September 30 was $2.67 billion, down from $2.76 billion a year earlier. Underlying EBITDA remained virtually unchanged for the year at $8.2 billion. Revenue fell to...

TotalEnergies, based in France, has begun trading on the New York Stock Exchange (NYSE), changing its American Depositary Receipts (ADRs). On October 30, 2025, the firm declared the discontinuation of its ADR program and their transformation into common shares at a 1:1 ratio. The company's CEO, Patrick Pouyanné, previously mentioned that the consideration of securing a US listing to replace...

International Business Machines Corp. (IBM), based in the US, is buying data management infrastructure company Confluent Inc. for $11 billion, which includes debt, according to Bloomberg. The agency states that this is among IBM's biggest agreements to date, indicating the firm's emphasis on corporate software required for operating real-time artificial intelligence technologies. IBM has reached...

Netflix Inc. has agreed to purchase the assets of Warner Bros. Discovery (WBD), which includes the Warner Bros. film studio, the HBO network, and the HBO Max streaming service. In a statement, Netflix announced that a final agreement has been reached. Under this deal, shareholders of WBD will receive $27.75 per share, with payment made in a combination of cash and Netflix stock. The total value...

Moore Threads Technology Co., a leading Chinese AI chip manufacturer, successfully launched its initial public offering (IPO) in Shanghai, raising 8 billion yuan ($1.13 billion), making it the second-largest IPO on the mainland this year. The company's shares were listed at 114.28 yuan, and during its first day of trading, the stock surged over sixfold, reaching 688 yuan. Moore Threads, often...

Chevron Corp. announced that it intends to allocate $18-19 billion for capital expenditures in 2026, according to a statement from the company. This strategy aligns with the company's long-term capital expenditure projection of $18-21 billion through 2030. "Our investment plan for 2026 aims at the most lucrative prospects while adhering to discipline and enhancing efficiency, enabling us to...