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The reported purchase of gas-powered generators follows growing protests against AI data centers over electricity costs and environmental concerns
US artificial intelligence giant Anthropic has struck a $3.4 billion deal for gas-powered generators to run its data centers independently of public electricity grids, according to media reports...
The International Monetary Fund wants to raise the utility bills of household consumers, but can they afford them?
Ukraine faces a difficult choice as the International Monetary Fund (IMF) pushes for higher household tariffs on gas, electricity and heating from 2027.
With utility arrears already reaching 113.4 billion hryvnia ($2.5 billion)...
Technology-focused funds have lost over 4% in a single day, virtually wiping out gains accumulated earlier this year
The massive selloff on Wall Street following the Republicans’ defeat in the US midterm elections has dealt a new blow to major hedge funds, the Wall Street Journal reports. Hedge funds have reportedly been slashing staff and dumping...
South Korea halted trading after a massive US tech selloff sent stocks in Japan and Taiwan plunging
Asian stock markets plunged on Friday, extending a massive technology-led selloff on Wall Street that sent major indexes tumbling and forced a temporary trading halt in South Korea.
The turmoil began on Wall Street on Thursday, when a...
Technology stocks led the selloff, wiping out trillions in market value
Wall Street suffered a massive selloff on Thursday, led by technology stocks, as the Democrats’ midterm victories fueled fears over the future of President Donald Trump’s ambitious AI investment drive.
The Democratic Party secured majorities in both the House of Represe...