In this episode of "Bloomberg Tech: Europe," Bloomberg's Tom Mackenzie explores how Arm - the company behind the chips in most smartphones — is shifting into AI, cloud, and data centers. He sits down with CEO Rene Haas to discuss Arm’s strategy, the race for AI dominance, and what it means for the future of technology. Don’t miss this deep dive into one of tech’s most pivotal moves. "Bloomberg Tec...
In this episode of "Bloomberg Tech: Europe," Bloomberg's Tom Mackenzie explores how Arm - the company behind the chips in most smartphones — is shifting into AI, cloud, and data centers. He sits down with CEO Rene Haas to discuss Arm’s strategy, the race for AI dominance, and what it means for the future of technology. Don’t miss this deep dive into one of tech’s most pivotal moves. "Bloomberg Tech: Europe" spotlights the biggest names and trends shaping the region's technology ecosystem as the global competition heats up. This monthly, 30-minute magazine-style show features in-depth interviews with top technology leaders, as well as major investors and policymakers - giving you a compelling A to Z of the most consequential innovations, opportunities and challenges. (Source: Bloomberg)
Glencore Plc ’s ferrochrome operation in South Africa initially accepted an offer for cheaper electricity as the company and the state negotiate the restart of the firm’s smelters. The company’s joint venture with Merafe Resources Ltd. , which processes chrome ore into ferrochrome, has been discussing a deal with state-owned Eskom Holdings SOC Ltd for power supply at a tariff of 62 cents ($0.03) p...
Glencore Plc ’s ferrochrome operation in South Africa initially accepted an offer for cheaper electricity as the company and the state negotiate the restart of the firm’s smelters. The company’s joint venture with Merafe Resources Ltd. , which processes chrome ore into ferrochrome, has been discussing a deal with state-owned Eskom Holdings SOC Ltd for power supply at a tariff of 62 cents ($0.03) per kilowatt hour. That offer was provisionally accepted with “revised terms and conditions” communicated by Eskom’s board, the venture said in an emailed statement on Friday. Read more: South Africa Offers Glencore Smelters Cheaper Power to Save Jobs While the development is “significant and positive,” final acceptance remains subject to approval by South Africa’s other main ferrochrome firm, Samancor Chrome , and the country’s energy regulator, according to the statement. South Africa is the world’s biggest producer of the key ingredient in stainless steel, but its processing industry has been hammered by rocketing electricity prices and fierce competition from China, the top ferrochrome maker. Four of the Glencore-led venture’s five smelting complexes aren’t currently operational. Eskom said in a separate statement that the arrangement provides a “medium-term solution of up to five years,” allowing the utility to “tailor pricing and contractual structures to the specific commercial circumstances of each smelter.” Glencore-Merafe called on the National Electricity Regulator of South Africa to treat the matter as “urgent” and complete outstanding approvals within 30 days. The company also said it was extending a deadline to implement potential job cuts to May 11.
(RTTNews) - Indian shares rallied on Friday in a broad market rally even as fresh Israeli strikes on Lebanon cast doubt over the durability of the fragile U.S.-Iran ceasefire.
(RTTNews) - Indian shares rallied on Friday in a broad market rally even as fresh Israeli strikes on Lebanon cast doubt over the durability of the fragile U.S.-Iran ceasefire.