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China probes EV makers after owners report up to 125 miles lost range post-software updates.
Chinese authorities have launched an investigation into electric vehicle (EV) manufacturers after owners reported a loss of up to 125 miles (200 km) in driving range following software updates. The probe, triggered by complaints of battery degradatio...
Foreign investors hold a record $21.3T in US stocks, with equity allocation hitting 63%, surpassing the dot-com bubble peak.
Foreign investors have dramatically increased their holdings in US equities, now owning a record $21.3 trillion and allocating 63% of their portfolios to US stocks. This allocation surpasses the peak seen during the 2000 dot-com bubble by about 10 pe...
ABB invests $200M in Europe to boost medium-voltage tech for power grid modernization.
ABB is investing $200 million over three years to expand its medium-voltage manufacturing capacity across Europe, including a $100 million facility in Italy and projects in Bulgaria, Finland, Germany, Norway, and Poland. This investment aims to suppo...
Zen Insurance launches fully digital car insurance in the UK via Verisk, Applied Systems, and One Call collaboration
Zen Insurance has launched in the UK as a fully digital car insurance brand, powered by Verisk Ignite's cloud-based policy management platform and Applied Systems' Applied Rating Hub. This collaboration enables a seamless, no-touch customer experienc...
Planet Ventures invests $100K in Lux Aeterna's reusable satellite platform to revolutionize space logistics.
Planet Ventures Inc. has invested $100,000 in Lux Aeterna, a company developing the world's first fully reusable satellite platform. Lux Aeterna aims to transform the space economy by enabling reusable satellites that can return to Earth for refurbis...
88 Energy secures 20% stake in Namibia's PEL 93, cuts $15M funding, focuses on Alaska assets
88 Energy has secured an unconditional 20% working interest in Namibia's PEL 93, revising its farm-in agreement to eliminate about $15 million in future funding obligations. The new deal cancels later-stage farm-in obligations and removes reassignmen...
Poolbeg Pharma wins Canadian patent for cancer drug POLB 001 to prevent dangerous immune reactions
Poolbeg Pharma has secured a Canadian patent for its drug candidate POLB 001, which aims to prevent cytokine release syndrome (CRS), a severe immune reaction caused by some cancer immunotherapies. This patent follows a similar approval in Australia a...
VCI Global signs binding term sheet to invest in Brazilian gold mining asset with 59.9 tons estimated gold resource.
VCI Global Limited has signed a binding term sheet to strategically invest in a mature gold mining asset in Brazil, estimated to contain about 59.9 tons of gold. The investment aligns with the company's strategy to integrate physical gold into its re...
European stocks mixed as US-Iran peace talks stall, Trump rejects Iran's proposal
European stock markets are expected to open mixed following a breakdown in peace negotiations between the US and Iran. Iran demanded an end to all war fronts and sanctions relief, but US President Trump called Iran's counterproposal "totally unaccept...
Barclays faces class action over alleged misleading info on UK mortgage lender exposure.
Rosen Law Firm is investigating a potential class action against Barclays PLC for allegedly providing misleading information about its exposure to UK mortgage lender Market Financial Solutions Ltd (MFS). The issue arose after a Reuters report reveale...