According to the NTB news agency, Norway's state-owned energy firm Statkraft intends to invest around NOK 80 billion ($8.6 billion) over the next decade to upgrade power plants and construct wind farms within the nation. Two years back, the firm planned to assign NOK 44-67 billion for these objectives. Norway depends largely on hydropower, as over fifty percent of its electricity is produced by...

Billionaire Elon Musk announced that he is making arrangements for a SpaceX initial public offering in the US, and the process is expected to start "rather soon." Musk is joining through videoconference at the Samson International Smart Mobility Summit happening in Tel Aviv, according to Bloomberg. Concerning his involvement in the summit virtually instead of attending in person, Musk mentioned...

US President Donald Trump executed multiple transactions of stocks and bonds in major US corporations valued at tens of millions of dollars or greater in the first quarter. Documents made public on May 14 revealed Trump's financial transactions to the US Office of Government Ethics. The holdings document, spanning more than 100 pages, details investment totals across a diverse array. Based on...

Investment companies Blackstone Inc. and CD&R are contemplating purchase of Magnum Ice Cream Co., an ice cream manufacturer that separated from Unilever fewer than six months ago, according to Reuters, referencing sources familiar with the situation. Sources indicate that investors are watching Magnum's stock price as they prepare to make a bid decision. Unilever finished the Magnum spinoff in...

L'imad Holding, the sovereign wealth fund of Abu Dhabi, is collaborating with partners on a $30 billion infrastructure investment project. According to a joint statement, the project will include BlackRock's Global Infrastructure Partners (GIP) fund, Singapore's sovereign wealth fund Temasek, and the state-owned oil firm Abu Dhabi National Oil Co. (ADNOC). The collaborative initiative will...

eBay has denied a proposal from video game retailer GameStop, headed by Canadian billionaire Ryan Cohen, due to worries regarding the deal's funding, according to Reuters. eBay Chairman Paul Pressler stated, "We have determined that the proposal lacks credibility and appeal." He mentioned that the firm believes that with the existing leadership, eBay is in a strong position to maintain...

Japanese conglomerate SoftBank Group is initiating a battery production venture in response to the surging electricity demand driven by the global AI boom. The telecommunications division of SoftBank Corp. revealed on Monday its plans to start producing battery and energy storage systems for the Japanese market in collaboration with South Korean battery manufacturer Cosmos Lab and AI firm DeltaX...

Saudi Arabian Oil Co. (Saudi Aramco) raised its net profit for Q1 2026 by 25% as oil prices surged due to the Middle East conflict. As per the company's report, net profit for the January-March period was $32.54 billion, in contrast to $26 billion for the equivalent period last year. Saudi Aramco's quarterly revenue rose 12% to $124.6 billion, fueled by increased oil and petroleum product...

Emirates Group, which owns Emirates Airline, raised its pre-tax profit and revenue in the previous financial year ending March 31, even with flight cancellations stemming from military actions in Iran during the last month. Emirates Group's yearly profit before tax rose by 7% to a record high of $6.6 billion. The revenue of the group rose by 3% in the previous financial year, reaching $41...