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New York City’s Police Commissioner Edward Caban has stepped down after serving just over a year as the leader of the largest police force in the United States. His resignation comes in the midst of a federal investigation, which included a search of his home earlier this month. In a statement to the NYPD on
Large portions of Europe are grappling with unseasonable snowfalls and significant flooding risks as extreme weather conditions continue to impact the continent. Switzerland and Austria are preparing for early snowfall, while the Czech Republic faces the threat of unprecedented flooding in what could be its worst bout of extreme weather in decades. In Switzerland, some
Bajaj Housing Finance Ltd., the home-loan arm of India’s largest shadow lender, has successfully completed its initial public offering (IPO), attracting bids worth over $39 billion—more than 60 times the offer size. This strong demand highlights the ongoing enthusiasm among investors for public listings in India, a trend that has seen significant momentum in 2024.
Data4, a company backed by Brookfield, is set to invest approximately €300 million ($331 million) to establish a cutting-edge data center hub in Greece, as demand for artificial intelligence (AI) services continues to surge. The Paris-based firm is currently in talks with existing lenders and Greek banks to finance the majority of the project through
The recent slide in oil prices has prompted questions about whether this is a sign of looming economic trouble or a welcome relief for consumers. While the lower cost of oil means cheaper prices at the pump, the larger implications for global markets are more complex. For many, the price of fuel serves as an
Oil markets saw a slight recovery after dropping to their lowest levels in over two years, as traders balance concerns about oversupply with recent positive data on US stockpiles. After falling nearly 20% this quarter due to worries that slowing economic growth in the US and China could dent demand, Brent crude began trading just
While much of the attention at Apple Inc.’s upcoming product launch event will focus on the iPhone 16 lineup, a significant opportunity for growth lies in the company’s wearables division. The long-neglected segment, including the Apple Watch and AirPods, is set for a revival with the introduction of new and upgraded devices. For the first
Japanese semiconductor startup Rapidus Corp. is seeking to raise ¥100 billion ($696 million) through new equity financing, targeting both existing and new investors. The funds are aimed at bolstering its efforts in chip development and production. Rapidus has already approached its current shareholders—including industry giants like Toyota Motor Corp., Sony Group Corp., SoftBank Corp., and
Under President Joe Biden, the U.S. government’s green bank, the Energy Department’s Loan Programs Office (LPO), flourished, with its lending capacity expanded to $400 billion, focusing on financing clean energy technologies. However, if Donald Trump returns to the White House, insiders suggest that this massive funding pool could shift dramatically toward fossil fuel projects and
Chicago Bears President Kevin Warren issued a stark warning about the city’s future competitiveness, emphasizing that Chicago risks falling behind other major U.S. regions if it doesn’t embrace large-scale development projects—particularly a new stadium for the NFL team. Speaking at an event hosted by the Economic Club of Chicago, Warren highlighted the importance of a
