Author: Daniel snow
A ground network of satellites at the headquarters of Eutelsat Madeira Unipessoal Lda in Canial, Madeira, Portugal, on Saturday, March 8, 2025.Bloomberg | Bloomberg | Getty ImagesEutelsat shares popped on Friday morning, after the European satellite operator announced a 1.35 billion euro ($1.55 billion) capital raise backed by the French state and other investors.The company’s stock was up 14% at 09:17 a.m. London time.The company said that, along with a debt refinancing plan, the capital increase would support its investment in its existing Low Earth Orbit (LEO) capabilities, which are focused on business-to-business and business-to-government operations.Eutelsat shares have been hugely volatile…
Analysis-Under shadow of Trump warning, Africa pioneers non-dollar payments systems Source link
CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions.TEL AVIV, ISRAEL – JUNE 18: Israel’s ‘Iron Dome’ air defense system responds to incoming Iranian ballistic missiles as seen from Tel Aviv, Israel on June 18, 2025. Anadolu | Anadolu | Getty ImagesOverview: Iron Dome’s performance could be Golden Dome’s opportunityIsrael and Iran resumed fire exchanges at the end of last week, and space and defense enthusiasts have been following the fusillades. Front and center has been the use of drones in this new leg…
Asia FX firms as Trump says no immediate strike on Iran; Yen buoyed by hot CPI Source link
Customers browse a POP MART display filled with Labubu characters and collectible figures from The Monsters series on June 16, 2025 in Chongqing, China.Cheng Xin | Getty Images News | Getty ImagesBEIJING — Shares in Pop Mart, the Chinese toy company behind the recent Labubu craze, continued to tumble Friday, after Morgan Stanley removed the stock from a focus list.Pop Mart’s Hong Kong-listed shares were last down more than 5%, extending their slide from the previous session when they had slumped 5.3%. That’s put the high-flying stock on track for its first negative week since early May — with losses…
The People’s Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Bloomberg | Getty ImagesChina expectedly kept its benchmark lending rates unchanged Friday, following the sweeping monetary easing measures rolled out last month to boost growth.The People’s Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday, in line with Reuters poll estimates.Last month, Chinese authorities cut the lending rates for the first time since October by 10 basis points, in their bid to cushion the impact from trade tensions with Washington. A slew of commercial…
When Meta CEO Mark Zuckerberg poached Scale AI founder Alexandr Wang last week as part of a $14.3 billion investment in the artificial intelligence startup, he was apparently just getting started.Zuckerberg’s multibillion-dollar AI hiring spree has now turned to Daniel Gross, the CEO of Ilya Sutskever’s startup Safe Superintelligence, and former GitHub CEO Nat Friedman, according to sources with knowledge of the matter.It’s not how Zuckerberg planned for a deal to go down.Earlier this year, sources said, Meta tried to acquire Safe Superintelligence, which was reportedly valued at $32 billion in a fundraising round in April. Sutskever, who just launched…
A market in Tokyo in June 2023.Richard A. Brooks | Afp | Getty ImagesJapan’s core inflation rate climbed to 3.7% in May, marking its highest level since January 2023 and putting more pressure on the Bank of Japan to raise rates to combat inflation.The figure — which strips out costs for fresh food — was higher than the 3.6% expected by economists polled by Reuters, and is above April’s reading of 3.5%.Headline inflation came in at 3.5%, lower compared to the 3.6% in April. This marks the 38th straight month that inflation has run above the BOJ’s 2% target.The so-called “core-core” inflation…
In June, The Economist Intelligence Unit released its 2025 Livability Index, which ranks the world’s most livable cities.The index scores 173 cities on 30 indicators divided into five categories, with each one being given a weighted percentage:Stability (25%)Healthcare (20%)Culture and environment (25%)Education (10%)Infrastructure (20%)Each city was given a score of 1-100 — one is considered intolerable and 100 is considered ideal.EIU’s report states that the average score for livability across the 173 cities in the index stands at 76.1 out of 100, which is unchanged from 2024. Despite that, the report states that “livability remains under pressure amid geopolitical tensions,…
Euro zone finance ministers recommend Bulgaria adopt euro in 2026 Source link