Geely Automobile Holdings of China will acquire all the shares of electric vehicle manufacturer Zeekr Intelligent Technology Holding Ltd. for approximately $2.4 billion. Per the companies' announcements, Geely and Zeekr have entered into a merger agreement, allowing Zeekr shareholders to either...

Mark Zuckerberg has unveiled an extraordinary investment plan that will see Meta Platforms deploy “hundreds of billions” of dollars to construct sprawling AI data‑center campuses. This bold commitment comes as Meta pivots from its social‑media roots toward becoming a preeminent force in artificial...

Bitcoin rocketed past the $120,000 mark this week, peaking at an all‑time high of $123,000, as a convergence of regulatory momentum, institutional inflows and favorable macroeconomic conditions propelled the flagship cryptocurrency to new heights. The recent surge comes amid “crypto week” in...

The European Commission has informed Italy that the stringent requirements set by the nation's authorities on UniCredit SpA's acquisition of competitor Banco BPM might breach EU regulations. In November 2024, UniCredit proposed to acquire Banco BPM, placing the bank's value at €10.1 billion. In...

German Volkswagen and Chinese SAIC are set to shut down their joint venture facility in Nanjing, according to Reuters, which references sources. Operations at the facility have already been halted. It will be shut down progressively in the latter part of the year. A Volkswagen spokesman informed...

Japanese car manufacturer Nissan Motor Co. has started the issuance of bonds in dollars and euros, aiming for a total of $4.5 billion. The coupon rate for bonds totaling €1.3 billion, set to mature in four to eight years, will range from 5.25% to 6.375%, according to Bloomberg, which cites sources....

US President Donald Trump's trade adviser Peter Navarro has condemned Apple Inc. CEO Tim Cook for postponing the shift away from China. “During Trump's first term, Tim Cook was consistently requesting additional time to relocate factories from China,” Navarro stated to CNBC. “I believe it's the...

Saudi Arabian Oil Co. (Saudi Aramco) is contemplating divesting energy assets as a component of a larger initiative to generate cash and reduce expenses, according to sources cited by Reuters. The possible divestment of four or five gas-powered plants supplying energy to refineries might generate...

Nippon Steel of Japan announced plans to secure two subordinated loans amounting to 800 billion yen ($5.6 billion) to fund its recently finalized $14.9 billion purchase of United States Steel (US Steel). The initial loan of 500 billion yen will serve to partially settle a short-term loan of 2...