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Vodafone’s Biggest Shareholder Becomes Xavier Niel After £4.4bn Stake Purchase From E&
Vodafone Group has a new largest shareholder after a £4.4 billion stake purchase. French billionaire Xavier Niel, through his acquisition vehicle Vega, will buy e&’s entire holding in Vodafone. The deal covers roughly 16.21% of Vodafone’s issued share capital at 112.5 pence per share. That price marks a 13% premium to Vodafone’s last close of…
TCS Q1 FY27 Profit Rises 4.6% to ₹13,349 Crore; AI Revenue Hits $2.6B
TCS Q1 FY27: Net profit rises 4.6% to ₹13,349 crore, revenue grows 13.9% YoY to ₹72,275 crore. AI revenue hits $2.6B annualized run rate. Board declares ₹12 interim dividend.
Nanya Bets Big on AI With $6.2 Billion Semiconductor Investment for 2027
On July 10, 2026, Taiwan-based Nanya Technology announced plans to invest more than T$200 billion (around US$6.2 billion) in semiconductor production during 2027. The decision reflects the company’s confidence in the expanding AI market. Demand for AI servers and high-performance memory chips continues to increase, prompting chipmakers to add manufacturing capacity. Nanya’s latest investment could…
Trump-Backed Freedom Fuel Stations Sell Gas at $3.47, but Prices Already Rising
Trump-backed Freedom Fuel gas stations opened July 3 selling gas at $3.47 per gallon in Pennsylvania and New Jersey. Prices have already risen to $3.57-$3.89, and industry experts doubt the economics work.
Nikkei 225 Rises 1.20% to 68,557 as U.S. Semiconductor Rally Offsets ETF Redemption Selling
On July 10, 2026, Japan’s Nikkei 225 climbed 1.20% to 68,557 after another strong session for U.S. semiconductor stocks lifted sentiment across Asian markets. Chipmakers drove most of the gains as Wall Street’s technology rally continued on growing demand for artificial intelligence. Even so, ETF redemption-related selling trimmed part of the market’s early advance. Below…
China Shoe Factory Fire Kills 28 in Fujian; Xi Orders Accountability
Fire at Huiteng shoe factory in Jinjiang, Fujian kills 28 workers. 213 evacuated, factory owner detained. Xi Jinping demands investigation and accountability for China’s deadliest industrial fire in years.
Apollo Global (NYSE: APO) to Acquire easyJet (LON: EZJ) in £5.7 Billion ($7.7 Billion) Deal
Apollo Global has agreed in principle to acquire easyJet for £5.7 billion. The deal values the UK budget carrier at £7.15 per share, roughly $7.65 billion in total. Apollo Global’s offer beats a rival £6.90 per share bid from Castlelake, agreed just five days earlier. EasyJet shares jumped as much as 15% on July 10,…
Air Force Revokes 135 Promotions After Test Scoring Error on July 9
Air Force rescinds 135 technical sergeant promotions after discovering an outdated scoring key was used on security forces exams. 135 other airmen will now be promoted instead.
AstraZeneca Shares Plunge 7.4% After Heart Drug Trial Fails—July 10
AstraZeneca stock fell 7.4% after Wainua heart drug trial missed primary goal. Jefferies models $2.5B sales loss. Meyka grades AZN B+, forecasts $131.71 by year-end.