Economy
Spain's Aragon, Europe's new cloud storage oasis
The world's biggest technology firms are investing billions in cloud storage facilities in the northeastern Spanish region of Aragon, drawn to its abundance of renewable energy sources. At the end of May, Amazon said it was investing 15.7 billion euros ($17 billion) in the region through its AWS cloud computing division to expand its three existing data centres in Aragon, set up since 2022.
Danish insect farm sets sights on feeding Europe's livestock
At the end of a small country road in Denmark is the "Enorm" factory, an insect farm set up by a Danish woman who wants to revolutionise livestock feed. It is then distributed across Europe -- although Enorm remains discreet about the identity of its customers -- used for feed for pig, poultry, fish and pet farms.
Stockholm tests electric 'flying' ferry
One metre above the surface, a fully electric ferry is speeding across the waters of Stockholm as a Swedish company prepares to start taking its first regular passengers. The company, Candela, is due to start taking passengers between the island of Ekero and central Stockholm in October -- a busy route that should take 35 minutes with the new ferry, half the time it takes by land.
Climate change risk stirs oil market
From forest fires to hurricanes and other natural disasters: climate change risk is increasingly influencing oil prices, just as the world is struggling to shift away from high-polluting fossil fuels. Earlier this year meanwhile, oil market sentiment was jarred in May as forest fires broke out in Canada.
Fake luxuries supplant tradition in Istanbul's Grand Bazaar
Cut-price branded perfumes and fake high-end handbags line the ornate alleys of Istanbul's Grand Bazaar, with traditional merchants saying the luxury counterfeits are stripping the marketplace of its character. Two aisles down, tea set-seller Gazi Uludag lamented that the Grand Bazaar has "lost its unique character".
HSBC names CFO Elhedery as next chief executive
HSBC on Wednesday named chief financial officer Georges Elhedery as the bank's next chief executive to drive "the next phase of development and growth". "The Board concluded that Georges was the outstanding candidate and we look forward to working together as he leads HSBC through the next phase of development and growth."
Stocks, dollar swing as rate bets offset by Trump inflation talk
Equities and the dollar were rangebound Wednesday while gold hit a fresh record as expectations for a US interest rate cut played up against the prospect of another Donald Trump presidency that analysts say could see inflation-fuelling tax cuts and tariffs.
Rich Chinese exile guilty of fraud in New York
A wealthy Chinese businessman Guo Wengui, a self-styled opponent of the authorities in Beijing, was found guilty of defrauding customers of more than $1 billion in a New York federal court on Tuesday, prosecutors said.
Musk to move companies out of California over transgender law
Elon Musk on Tuesday said he will move the headquarters of SpaceX and X to Texas after a California law blocked schools from forcing teachers to notify parents about changes to a student's gender identity.
Economy
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