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OpenAI is in talks over a $500 billion valuation. The share sale could surpass SpaceX’s worth, involving employee shares and attracting investors like Thrive Capital. This move follows OpenAI’s competitive push in AI talent and product innovation.
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China’s exports rose sharply in July, surprising many market watchers. Businesses accelerated shipments ahead of a new US tariff deadline, driving a sharp rise in exports and a 4.1% increase in imports. Southeast Asia absorbed more Chinese goods as trade shifted amid ongoing tensions between Washington and Beijing.
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China releases a new green finance categorisation system. The People’s Bank of China has unveiled the Green Finance Endorsed Project Catalogue to streamline the funding eligibility for green financial products, effective from October 2025. This aligns with global efforts to standardise sustainable finance….
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Blackstone to acquire Enverus in a strategic energy sector move. Enverus, an energy-focused SaaS platform, is set to be acquired by Blackstone, enhancing its growth in AI-driven energy solutions. The deal underscores Blackstone’s commitment to energy transition investments….
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J.P. Morgan Mansart launches fund focusing on sustainable equities. The J.P. Morgan Mansart iCubed Global Equity Select Fund aims to offer exposure to developed market equities with enhanced sustainability features and low tracking error, tracking the Solactive iCubed Global Sustainability Index….
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BP and JERA form renewable joint venture in offshore wind. The newly established JERA Nex bp boasts a potential generating capacity of 13GW, making it a significant player in the global offshore wind industry….
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Brimstone and Amazon agree on low-carbon cement supply deal. Brimstone’s low-carbon cement has met industry standards in initial tests, prompting Amazon to reserve annual volumes from the company’s upcoming plant as part of a new commercial agreement….
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HPE debuts AI-powered network security and backup at Black Hat. The integrated security and data protection portfolio features an AI-based SASE copilot and enterprise-scale backup. The new tools aim to deliver unified, zero-trust protection and automated recovery for complex IT environments.
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Pandora confirms cyber attack affecting customer data through a third-party. The jewellery retailer disclosed that names, birthdates, and email addresses were accessed, though no sensitive information like passwords or credit card details was compromised.
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Florida investigates climate groups for potential antitrust violations. Attorney General James Uthmeier has issued subpoenas to CDP and SBTi to examine alleged coercive practices and deceptive trade operations, questioning if they misrepresented data objectivity and engaged in anticompetitive conduct….