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Zelestra partners with Microsoft to deliver solar energy in Spain. Madrid-based Zelestra is collaborating with Microsoft and ECODES to supply solar energy and support sustainability initiatives in Aragón.
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Brussels prepares to push Washington over stalled tariff reforms. The European Union will urge the United States to honour more of July’s trade agreement, including cutting 50 % tariffs on steel and aluminium imports, amid concern that delays are undermining post-pandemic industrial competitiveness and transatlantic supply-chain recovery.
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Scott Bessent dismisses US recession fears after shutdown. The US Treasury Secretary said the 43-day government closure caused an $11 billion loss but posed no broad economic risk, citing easing inflation, lower energy prices and planned tax cuts as supports for growth heading into 2026.
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Government borrowing exceeds forecasts by £9.9 billion this fiscal year. Public sector borrowing reached £17.4 billion in October, marking the third-highest October on record. The cumulative borrowing since April is £116.8 billion, intensifying economic pressures as the Budget approaches.
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Klarna claims its AI now matches workload of 853 staff. The payments company says its generative-AI customer-service assistant has handled millions of queries with human-level satisfaction, underscoring automation’s accelerating impact on service jobs as financial-technology leaders weigh the gains — and risks — of digital labour.
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Samsung officially names TM Roh as co-chief executive officer. The appointment reinstates a dual-leadership model at Samsung Electronics, dividing oversight between its mobile and semiconductor divisions. The move underscores the company’s intent to strengthen governance and sustain competitiveness across its consumer technology and component businesses amid a shifting global market.
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Europe is eyeing stakes in Australian resource ventures. The European Union has announced plans to invest directly in Australian critical-minerals operations to secure key supply for its green transition, Trade Commissioner Maroš Šefčovič said following talks in Melbourne with Australia’s Resources Minister Madeleine King.
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Google unveils tool to boost energy efficiency in manufacturing. The Energy Assessment tool helps manufacturing managers identify opportunities for energy savings and emission reductions, addressing challenges such as consultancy costs, capital acquisition, and lack of expertise.
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Crédit Agricole sets ambitious sustainable finance targets for 2028. The Paris-based bank aims for a 90/10 green-brown ratio, facilitating €240 billion in transition financing and achieving €1 billion in sustainable finance revenues by 2028.
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Nvidia’s upbeat third-quarter ahead of US jobs data eases AI-valuation concerns. The company’s latest results offered a welcome reprieve for investors worried about overheating in the artificial intelligence sector, lifting global markets and restoring short-term confidence in the strength of the AI trade.