29 Jul 2026

South Korean internet and cloud services company Naver's shares surged more than 10% after the company announced that Nvidia will invest USD 1 billion by subscribing to newly issued shares to support the expansion of its artificial intelligence data centre in South Korea. The investment strengthens the companies' partnership following their recent agreement to develop sovereign AI infrastructure across multiple regions. Along with Brookfield's financing commitment, the project is expected to create one of South Korea's largest AI computing facilities, powered by Nvidia's latest chip platforms and targeted for completion by 2028.Read more

29 Jul 2026

Thailand has decided to scale back its proposed USD 30 billion land bridge project after a government review raised concerns over its commercial feasibility, financial risks and environmental impact. Instead of proceeding with the original coast-to-coast logistics corridor, the government will focus on expanding the existing Ranong Port and improving rail connectivity in southern Thailand. The review also highlighted declining project viability, potential fiscal liabilities, outdated environmental assessments and the need for stronger public consultation. Authorities, however, said improving transport infrastructure remains important to support future regional trade.Read more

29 Jul 2026

Poland's modernist port city of Gdynia has been added to UNESCO's World Heritage List during its centenary year, recognising its unique urban planning and architectural heritage. Developed almost entirely from scratch between the two World Wars, the city symbolised Poland's efforts to establish a major seaport after regaining independence. The recognition highlights Gdynia's well-preserved modernist architecture, maritime identity and historical significance. The listing also places the city among more than 1,270 UNESCO World Heritage Sites worldwide and follows recent additions such as the D-Day landing beaches in Normandy.Read more

29 Jul 2026

Poste Italiane plans to develop a 70 MW data centre in Italy's Lombardy region as part of its strategy to establish a large-scale artificial intelligence (AI) computing hub. The project comes alongside the state-backed financial group's proposed EUR 13 billion acquisition of Telecom Italia (TIM) and follows its collaboration with the telecom operator on existing data centre developments. According to the company, the project has already secured an identified site, power supplier and financing support from major Italian banks. The announcement reflects growing investment by European companies in AI infrastructure, although the region continues to lag the United States in data centre capacity and AI-related investment.Read more

29 Jul 2026

Irish energy distributor DCC Energy has agreed to be acquired by a consortium led by U.S.-based private equity firms KKR and Energy Capital Partners in a deal valued at approximately USD 7.68 billion. The transaction reflects growing foreign interest in UK-listed companies amid relatively low market valuations. The offer includes a cash payment, a proposed final dividend and a potential additional payout linked to the sale of DCC's technology business. The company said the deal follows efforts to simplify its operations and sharpen its focus on its core energy business across Europe.Read more

29 Jul 2026

The CATL-Stellantis battery gigafactory in Spain will employ an average of 1,000 Chinese workers during its construction phase, with the number expected to peak at 1,700 depending on visa and work permit approvals. The joint venture, Contemporary Star Energy (CSE), has also committed to training 4,000 workers from Spain's Aragon region to operate the facility once it reaches full capacity. Construction is progressing after receiving all required approvals, while commercial production is now expected to begin in the first few months of 2027, later than the earlier target of the end of 2026.Read more

29 Jul 2026

Retail Estates NV reported improved financial performance for the first quarter of its 2026-2027 financial year, supported by higher rental income and stronger earnings. Net rental income increased by 4.04% year-on-year to EUR 37.85 million, while EPRA earnings rose 7.68% to EUR 24.13 million. The company's occupancy rate remained stable at 97.71%, reflecting continued demand across its retail property portfolio. Retail Estates also maintained its expected gross dividend of EUR 5.25 per share for the financial year, indicating confidence in its operational performance and cash flow outlook.Read more

28 Jul 2026

Digital Realty Trust has raised its full-year adjusted funds from operations (FFO) and revenue forecasts after reporting stronger-than-expected second-quarter earnings, supported by sustained demand for data centre capacity from cloud computing and artificial intelligence (AI) customers. The US-based real estate investment trust (REIT) posted a 29% year-on-year increase in quarterly revenue to USD 1.92 billion, exceeding market estimates, while adjusted FFO also surpassed analyst expectations. The company continues to expand its global data centre footprint and is progressing with a USD 3.5 billion acquisition of a larger stake in three data centres in Northern Virginia, reinforcing its presence in the world's largest data centre market.Read more

28 Jul 2026

Searah, the joint venture between Italy's Eni and Malaysia's Petronas, has begun constructing a Floating Production, Storage and Offloading (FPSO) vessel for its USD 11.8 billion North Hub gas project in Indonesia. The facility will process production from the Geng North and Gehem gas fields in the Kutai Basin. The project is expected to begin production in 2028, with a planned output of 1 billion cubic feet of gas and 80,000 barrels of condensate per day. Around USD 2.9 billion has been allocated for the FPSO's development.Read more

28 Jul 2026

Sport Clubs Company SCJSC has signed a land lease agreement to establish two new sports clubs in Khamis Mushait, marking another step in its network expansion. The contract is valued at SAR 22.8 million. The development is expected to strengthen the company's presence in the region by adding new fitness and sports facilities. The agreement aligns with the company's ongoing growth strategy as it continues to expand its footprint across Saudi Arabia to cater to rising demand for organised fitness and wellness services.Read more