HJBC/iStock Editorial via Getty Images TotalEnergies ( TTE ) has signed an agreement with Allianz Global Investors (AllianzGI) for the sale of a 50% stake in a portfolio of 11 battery storage projects with a total capacity of 789 MW – 1628 MWh. With this agreement, the partners will deliver an investment of €500 million in critical energy infrastructure for Germany, of which 70% will be financed b...
HJBC/iStock Editorial via Getty Images TotalEnergies ( TTE ) has signed an agreement with Allianz Global Investors (AllianzGI) for the sale of a 50% stake in a portfolio of 11 battery storage projects with a total capacity of 789 MW – 1628 MWh. With this agreement, the partners will deliver an investment of €500 million in critical energy infrastructure for Germany, of which 70% will be financed by the debt. These 11 projects, located across Germany, have been developed by Kyon Energy, a subsidiary of TotalEnergies ( TTE ), and will all be operational by 2028. Most of them will use next‑generation batteries supplied by Saft, a subsidiary of TotalEnergies, and the oil and gas major will remain the operator of the assets, it said in a statement. More on TotalEnergies SE TotalEnergies: LNG Exposure And AI Power Demand Offer Structural Growth TotalEnergies SE (TTES:CA) Q4 2025 Earnings Call Transcript TotalEnergies SE 2025 Q4 - Results - Earnings Call Presentation Seeking Alpha’s Quant Rating on TotalEnergies SE Historical earnings data for TotalEnergies SE
Leon Neal/Getty Images News U.S. President Donald Trump said the relationship between the U.S. and the U.K. is “not like it used to be,” criticizing U.K. Prime Minister Keir Starmer over Britain’s stance in the U.S.-Israeli war with Iran. Starmer, who rejected a U.S. request to use British bases for offensive operations against the Islamic Republic, “has not been helpful,” Trump said in an intervi...
Leon Neal/Getty Images News U.S. President Donald Trump said the relationship between the U.S. and the U.K. is “not like it used to be,” criticizing U.K. Prime Minister Keir Starmer over Britain’s stance in the U.S.-Israeli war with Iran. Starmer, who rejected a U.S. request to use British bases for offensive operations against the Islamic Republic, “has not been helpful,” Trump said in an interview with The Sun tabloid. In his second interview with a British newspaper in two days, Trump told The Sun: “It’s very sad to see that the relationship is obviously not what it was”. “I never thought I’d see that. I never thought I’d see that from the UK.” Trump told The Sun that the prime minister “has got his own difficulties” and suggested the U.K. was no longer “such a recognizable country,” singling out London and its mayor, Sadiq Khan. “London is a very different place, with a terrible Mayor. You have a terrible Mayor there, some terrible people,” Trump said. Speaking in the House of Commons on Monday, Starmer said Britain would not participate in offensive strikes alongside the U.S. and Israel, instead focusing on “defensive actions.” Starmer told MPs that the government "does not believe in regime change from the skies. President Trump has expressed his disagreement with our decision not to get involved in the initial strikes, but it is my duty to judge what is in Britain's national interest.” However, the prime minister said situation shifted on Sunday when the prime minister said Iran’s “outrageous” response had become “a threat to our people, our interests and our allies.” He added that Tehran’s retaliation to the U.S. and Israeli strikes endangered British personnel across the Middle East, prompting the decision to allow the use of British bases against Iran’s missile infrastructure. "To be clear, the use of British bases is limited to the agreed defensive purposes; we are not joining the US and Israeli offensive strikes,” Starmer added. Related stories Rethinkin...
Sergio Delle Vedove/iStock Editorial via Getty Images Investment thesis Nike’s ( NKE ) Q2 results show that its turnaround strategy is working with the running segment growing at 20% for the second quarter. This, together with positive wholesale figures, makes me optimistic that the company could achieve $50 billion in revenue in the short term. With that revenue my fair value is at least $77.5 pe...
Sergio Delle Vedove/iStock Editorial via Getty Images Investment thesis Nike’s ( NKE ) Q2 results show that its turnaround strategy is working with the running segment growing at 20% for the second quarter. This, together with positive wholesale figures, makes me optimistic that the company could achieve $50 billion in revenue in the short term. With that revenue my fair value is at least $77.5 per share. Background Nike is a global athletic company that designs, develops and sells performance and lifestyle products across footwear, apparel and equipment. The brand operates across multiple sports, including running, basketball, football and training, generating about $46 billion in annual revenue. Its portfolio is built around the Nike brand, complemented by Converse, and supported by a wide network of wholesale partners and its own direct to consumer (DTC) channels. Under former CEO John Donahoe, Nike pursued an aggressive DTC strategy limiting its wholesale partnerships to a few selected companies; however, the strategy backfired spectacularly. With that strategy, Nike reduced shelf space for wholesale partners and ceded significant market share to competitors, the result was declining sales, flat growth and margin compression, impacting both the brand and stock performance. Data by YCharts To change the course Nike's board appointed Elliott Hill in September 2024, who implemented a turnaround strategy called “Win Now”. Hill’s strategy was based on two pillars. First, restructuring the organization around sport categories rather than the previous structure by gender and lifestyle segments and second, reestablishing the relations with wholesale partners. The company restructured approximately 8,000 employees into dedicated sport categories: running, basketball, football, and training. This allowed the teams to focus on athlete needs and improve marketing and innovation. The results are already visible with running, the first category reorganized, reporting 20% grow...
Indonesian petrochemical maker PT Chandra Asri Pacific has declared force majeure, citing disruption to feedstock shipments through the Strait of Hormuz following the outbreak of the Iran war. The Jakarta-based company notified customers of the disruption in a March 2 notice seen by Bloomberg News, saying the duration of the force majeure remains uncertain. “We are closely monitoring the evolving ...
Indonesian petrochemical maker PT Chandra Asri Pacific has declared force majeure, citing disruption to feedstock shipments through the Strait of Hormuz following the outbreak of the Iran war. The Jakarta-based company notified customers of the disruption in a March 2 notice seen by Bloomberg News, saying the duration of the force majeure remains uncertain. “We are closely monitoring the evolving situation between the United States and Iran and have implemented precautionary measures to safeguard operational resilience across our business units,” it said in a statement on Tuesday. “As part of these measures, we will adjust operating levels (run rates) at our plants.” The conflict between Iran, Israel and the US have disrupted oil flows through the Strait of Hormuz, with few oil tankers making the transit since strikes in the area. Roughly one-fifth of the world’s oil and liquefied natural gas passing through the narrow waterway. Chandra Asri operates Indonesia’s largest integrated petrochemical complex, producing olefins and polyolefins, and also owns and manages refining and downstream chemical assets in Singapore through a joint venture, according to its website . Its assets include a refinery with capacity of 237,000 barrels per day and a 0.9 million metric tons-per-year naphtha cracker. The company’s shares fell 2.5% on Tuesday to the lowest in almost one year.
A former Apple Daily senior executive jailed for national security offences in Hong Kong has lodged an appeal against his 10-year term, the first in a landmark trial that saw the founder of the now-defunct tabloid-style newspaper sentenced to 20 years in prison. Court documents reviewed by the South China Morning Post on Tuesday showed that Fung Wai-kong, former managing editor of Apple Daily’s En...
A former Apple Daily senior executive jailed for national security offences in Hong Kong has lodged an appeal against his 10-year term, the first in a landmark trial that saw the founder of the now-defunct tabloid-style newspaper sentenced to 20 years in prison. Court documents reviewed by the South China Morning Post on Tuesday showed that Fung Wai-kong, former managing editor of Apple Daily’s English edition, had filed his appeal with the city’s High Court on Monday. Fung was sentenced to 10 years in prison for conspiracy to commit collusion with foreign forces last month. Advertisement The verdict was delivered by a panel of three judges who also handed down penalties to former media boss and Apple Daily owner Jimmy Lai Chee-ying, six senior executives of the newspaper, three firms associated with the now-defunct outlet and two activists. Fung Wai-kong leaves the force’s headquarters in Wan Chai in June 2021. Photo: Handout Fung was among the three former employees of Apple Daily who did not volunteer as prosecution witnesses in the trial that lasted more than 18 months before concluding in December with Lai’s conviction.