Alphabet Acquires Intersect Power for $4.75 Billion to Boost Data Center and AI Energy Capacity
Alphabet will buy Intersect Power for $4.75B to secure renewable energy for AI-driven data centers and boost energy infrastructure.
Trump Announces Agreements with 9 Major Pharmaceutical Companies to Lower Prices
Trump signs deals with 9 pharma firms to lower drug prices, exempting them from tariffs for 3 years, aiming to make US prices competitive.
Heirs Energies Secures $750 Million to Boost Oil Production in Nigeria
Heirs Energies secures $750M from Afreximbank to boost oil production in Nigeria, aiming to double output by 2030.
Sina'at Wins SAR 348.6 Million Contract for Algeria's 'Baladna' Strategic Project
Sina'at secures a SAR 348.6M contract for Algeria's 'Baladna' project, enhancing food security and operational scope.
Nexperia Secures Local Chip Suppliers for 2026 Production Amid Dutch Governance Challenges
Chinese-owned Nexperia is enhancing local supply chains in the semiconductor sector to secure production needs for 2026, amidst governance challenges in the Netherlands.
TikTok Sells U.S. Operations to Oracle and MGX Consortium
TikTok is selling its U.S. operations to a consortium including Oracle and MGX, with an independent management structure to protect data privacy.
BP Appoints Meg O'Neill as CEO in Strategic Shift Back to Core Oil and Gas Operations
BP appoints Meg O'Neill as CEO, marking a strategic shift back to core oil and gas operations amid investor pressure for improved performance.
Ares Invests $100 Million in Dubai Family Office Amid Gulf Private Credit Expansion
Ares Management invests $100M in Dubai's Patrimium, boosting Gulf private credit amid rising global interest in alternative financing.
Ma'aden Receives Energy Ministry Approval for Fourth Phosphate Project to Boost Production
Ma'aden gets Energy Ministry approval for its Fourth Phosphate Project, boosting fertilizer production capacity to 12M tons annually.
US Video Game Console Sales Plummet 27% in November, Worst in 20 Years
US video game console sales fell 27% in November, the worst in 20 years, due to rising prices and tariffs.
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