With the European Union's sights set on rolling out 5G across its 27 member states, the body will need to invest €300 billion ($355 billion) into its telecommunications infrastructure by 2025, a study by consulting firm BCG found. Commissioned by telecoms lobbying group ETNO, BCG performed its study at...
Top British asset management firm Aviva Investors has revealed its intention to distance itself from companies that do not meet its requirements in terms of efforts put towards tackling climate change. This includes those in the oil, gas, mining, and utility sectors.
Chief investment officer for equities David Cumming is...
United Airlines Holdings Inc announced on Thursday its intention to invest $15 million in Eve Air Mobility, a subsidiary of Brazilian aerospace company Embraer. The major U.S. carrier also revealed that it will order 200 aircraft from the air taxi maker. An option for an additional order of 200...
The Warren Buffet-led conglomerate Berkshire Hathaway has decided to decrease the sum of its investments in Apple Inc, opting to instead reinvest some capital in companies from the drug, telecom, and oil industries during the latest financial quarter. Berkshire Hathaway's latest initiative became apparent in the company's filings with...
Technology investment company Prosus announced its intention to sell 2% of its stake in Chinese software giant Tencent, a move that will see the company's share be decreased from 30.9% to 28.9%. The value of the stocks that Prosus intends to let go of amasses to approximately $15 billion.
Prosus,...
Financial services firm Gulf Islamic Investments LLC is planning to purchase a stake in a Saudi healthcare company for around $600 million, co-founder Mohammed Alhassan revealed during an interview. This is expected to be the largest deal that GLL has completed to date.
Currently overseeing over $2 billion in investments,...
Digital payments provider SumUp revealed on Tuesday that it has borrowed a sum of 750 million euros ($894 million) from backers led by Goldman Sachs. These funds will be used to fuel the London-based company's acquisitions and new product efforts, with the end goal of continuing its global expansion.
In...
Japanese conglomerate SoftBank Group Corp has decided to invest $125 million into a Saudi Arabian company, marking its first foray into the Gulf nation. The investment, which is for a customer communication platform called Unifonic, was co-led with Sanabil, which is wholly owned by the Kingdom's Public Investment Fund.
Unifonic...
As a result of stark valuation increases and significant gains, big tech stocks have soared throughout the year. Despite their strong performances, however, many investors are looking to diversify away from this long-time successful sector.
Because of their long-term gains, investors are skeptical about the likelihood that tech stocks can...
Analysts at banking giant Goldman Sachs believe gold is the best long-term investment for the future while predicting the continuation of the recent rally for the precious metal.
In a recent research note, Goldman Sachs put a 2025 target price for gold at 2,700 per ounce compared to this week’s...