Microsoft is set to open a $3.3 billion data center in Wisconsin, where Foxconn had planned to construct a $10 billion facility. U.S. President Joe Biden made the announcement during his visit to Wisconsin, according to Reuters, citing a White House statement. Microsoft will create a $3.3 billion...

South Korea's Ministry of Trade, Industry, and Energy announced that the nation plans to give local producers of electric car batteries 9.7 trillion won ($7.1 billion) in financial support. The goal of the move is to lessen reliance on China and establish a new supply chain that will be more...

According to court documents cited by MarketWatch, the American cryptocurrency exchange FTX, which filed for bankruptcy in 2022, will reimburse nearly all of its customers for their money. FTX owes creditors approximately $11.2 billion; the debt can be paid off with between $14.6 and $16.3 billion....

As international authorities look into contamination concerns with two well-known local brands, India's food safety agency said on Thursday that it has ordered nationwide testing and inspections at all enterprises creating spice mixes. This action broadened the crackdown on the industry.  ...

The Hong Kong Stock Exchange-traded French cosmetics giant L'Occitane is set to go private in jurisdictions throughout the West, writes Reuters. L'Occitane is anticipated to repurchase its shares at HK$34 (now worth $4.35) a share. That is a 30.8 percent increase over the shares' closing price of...

US investment firm Blackstone has reached an agreement to purchase British company Hipgnosis Songs Fund. Hipgnosis owns song rights to artists like Shakira, Leonard Cohen, and Red Hot Chili Peppers, for 1.26 billion pounds ($1.57 billion).  The company board recommended that shareholders...

During the press conference to announce the first quarter's results, the chairman of TotalEnergies' board of directors and chief executive officer Patrick Pouyanne revealed that the French gas and oil company is thinking of relocating its primary listing of shares from Paris to New York, reports...

According to four people who spoke to Reuters, the market for middlemen has flourished as a result of Russian businesses' attempts to pay for products in China since secondary penalties have scared off local banks, with up to 50% of transactions now being handled via intermediaries.   The...

The Wall Street Journal reports, citing sources, that Anglo American is contemplating the prospect of selling its diamond mining business, De Beers. It was previously reported that Anglo American was approached by BHP Group, the biggest mining corporation globally, about merging through a share...