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News Digest /
Lukas Schmidt
Author: Lukas Schmidt
07:40am, Friday, Jul 18, 2025
BlackRock-led consortium nears $10B deal for Saudi Aramco's Jafurah gas infrastructure, marking a major foreign investment in Saudi energy and signaling growing global institutional interest in Middle East midstream assets.
07:39am, Friday, Jul 18, 2025
Russia plans to blacklist Meta's WhatsApp, citing national security risks amid a crackdown on foreign apps. This move targets digital sovereignty as Moscow pushes state-backed alternatives, tightening control over its tech landscape by Sept 1.
07:38am, Friday, Jul 18, 2025
Chevron wins arbitration against Exxon, clearing the path for its $53B Hess acquisition and control over Guyana's Stabroek Block. Shares of Chevron and Hess surged on news, boosting Chevron's growth prospects amid recent earnings pressure.
06:48am, Friday, Jul 18, 2025
Vend Marketplaces (OSLO: VENDA) beat Q2 EBITDA expectations by 13.2%, with revenue up 1.6%. Operational efficiency improved, supported by higher ARPA, despite pressure from exiting non-core segments and a tough ad market.
06:46am, Friday, Jul 18, 2025
Reckitt sells its Essential Home unit, including Air Wick and Cillit Bang, to Advent International for $4.8B, retaining a 30% stake. The deal funds a $2.2B special dividend and signals Reckitt's strategic shift amid slowing sales.
04:04am, Friday, Jul 18, 2025
Skanska AB posted a solid Q2 with a 3.9% construction margin, strong residential sales, and SEK 56.7B order intake. Despite a 7% YoY order dip, housing starts doubled, and the company raised its outlook for European residential and Swedish civil construction.
03:10am, Friday, Jul 18, 2025
Billerud's Q2 earnings missed estimates as European packaging demand weakens, with EBITDA down 17% to SEK912M. North America showed strength, but Europe's challenges and rising costs weigh. Analysts cut 2025 EBITDA forecasts amid ongoing market uncertainty.
06:39am, Thursday, Jul 17, 2025
Hong Kong's appeal hearing for 12 pro-democracy activists ends early, with verdicts delayed 9 months. The case highlights tensions over the national security law and its impact on political freedoms and legal interpretations in the city.
06:29am, Thursday, Jul 17, 2025
Donald Trump announced Coca-Cola (KO) will switch to real cane sugar in U.S. sodas, replacing high-fructose corn syrup. The move aligns with health initiatives but risks economic fallout for corn syrup producers and may impact competitors like PepsiCo.
06:23am, Thursday, Jul 17, 2025
ABB sets a new quarterly order record, driven by a 37% surge in US demand and AI data center projects. Q2 revenue rose 8% to $8.9B, beating estimates, with strong guidance amid growing AI infrastructure investments.
03:47am, Thursday, Jul 17, 2025
TSMC (NYSE: TSM) posted a record $13.5B Q2 profit, driven by AI chip demand and beating forecasts. Despite trade and currency risks, it projects strong Q3 revenue growth, backed by major clients like Apple and Nvidia.
03:44am, Thursday, Jul 17, 2025
Morgan Stanley upgrades Hiscox (LON: HSX) to "overweight," raising its price target to 1,460p. The insurer's $200M cost-cutting and retail growth plan aims to boost earnings by 26% by 2028, with improved combined ratios and enhanced shareholder returns.
03:41am, Thursday, Jul 17, 2025
PNC Financial Q2 net income rose 11.2% to $1.64B, driven by higher interest income and a jump in fee revenue. Strong loan activity and diversified fee streams helped offset economic uncertainties, mirroring trends seen at major U.S. banks.
03:39am, Thursday, Jul 17, 2025
Rigetti Computing (RGTI) surged 5% after unveiling a modular 36-qubit quantum system that halves error rates versus its last-gen chip, boosting scalability and gate fidelity to 99.5%, aiming for 100+ qubits by year-end.
