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Nvidia to invest up to $100 bn in OpenAI data centers
Nvidia said Monday it will invest up to $100 billion in OpenAI, building infrastructure for next-generation artificial intelligence.
US mulls economic lifeline for ally Argentina
The US Treasury said Monday it stood ready to "do what is needed" to support Argentina's economy, as President Javier Milei battles to calm jittery financial markets. Milei thanked Washington for its "unconditional support for the Argentine people."
Museum or sheikh? World's second largest diamond awaits home
The world's second largest diamond could soon find a new home in a museum or a sheikh's collection -- but first needs to be properly evaluated, the Belgian firm holding it told AFP Monday. The firm is showcasing the Motswedi as part of a collection of four gems -- including the world's third largest diamond -- which were recently discovered at the same mine.
Merz tasks banker with luring investment to Germany
Chancellor Friedrich Merz on Monday appointed a "personal representative for investment" charged with bringing new business to Germany as part of efforts to revive the struggling economy. Fixing the struggling economy has been a priority for Merz, from the conservative CDU, since he was elected as chancellor earlier this year.
IEA feels the heat as Washington pushes pro-oil agenda
No stranger to ire from oil-producing nations, the International Energy Agency (IEA) is facing pressure from the Trump administration over its globally-respected reports that predict a dwindling in fossil fuel demand.
Spanish bank BBVA raises offer for rival Sabadell
Spanish banking giant BBVA raised its takeover offer for Sabadell on Monday as it seeks to lure its smaller rival's shareholders before the October 7 deadline to accept its hostile bid. BBVA said it would not make further improvements to the bid or extend the deadline for shareholders to accept it.
New boss of Germany's crisis-hit railways vows 'new start'
The new chief of Germany's beleaguered rail network vowed Monday to make a new start, with the state-owned operator widely criticised for deteriorating services. Schnieder nevertheless vowed "many billions" would help get the network back on its feet, with 100 billion euros ($118 billion) earmarked for renewing it by 2029.
Burberry returns to London's top shares index
British luxury fashion label Burberry rejoined London's FTSE 100 on Monday, one year after exiting the top-tier stock index, and ahead of unveiling its latest collection at London Fashion Week. Burberry, vowing to win back customers with its signature outerwear, including its famed trench coats, will close out London Fashion Week on Monday evening with its runway show.
Climate goals and fossil fuel plans don't add up, experts say
Countries are still planning to increase production of fossil fuels to levels incompatible with global commitments on climate change, according to new research published on Monday. They "must commit to reversing the continued expansion of global fossil fuel production" in these crucial national climate plans, the report stated.
AFP
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