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iPower Plans AI Hardware Leasing Subsidiary

iPower Inc. is forming a dedicated AI subsidiary, iPower AI LLC, to pursue AI hardware leasing and compute resource distribution with preliminary customer interest but no definitive agreements yet. The filings also indicate the subsidiary joining a guaranty tied to its senior secured convertible note facility as part of ongoing financing arrangements.

6 sources

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Sunteck Realty Q1 Profit Up; ₹2,250-Crore Fundraise Planned

Sunteck Realty posted a robust Q1 FY27, with net profit up 25.5% to ₹41.96 crore on revenue of ₹191.56 crore and total income of ₹202.03 crore, aided by an EBITDA of ₹66.8 crore and a 34.9% margin. The board also approved an enabling resolution to raise up to ₹2,250 crore through a mix of debt and equity to fund expansion, with specifics to be decided later.

9 sources

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Microsoft funds Mistral Europe expansion

Microsoft and French AI firm Mistral are expanding a multibillion-dollar partnership to deploy Mistral’s Europe-based GPU infrastructure and open models across Azure, Azure Local, and Foundry, boosting European capacity while preserving access to U.S. software and security features. The deal aims to reduce reliance on U.S. technology, support regulated industries, and accelerate broader deployment of Mistral’s Medium 3.5 and OCR 4 models, with Nvidia GPUs and European data sovereignty at its core.

15 sources

Paragon Banking closes £200m Green Tier 2 bond

Paragon Banking Group PLC upsized a £200 million Green Tier 2 bond to meet strong demand, at a 6.5% coupon maturing in 2036 and priced 205 basis points over gilts, with the deal supporting low-carbon residential and motor-vehicle funding. It also announced the early redemption of £150 million of Tier 2 notes due 2031, and completed a new £250 million green Tier 2 issue at 4.25% coupon with a 10-year maturity, underscoring an active reshaping of its capital structure toward sustainable financing.

6 sources

Huhtamaki India Q2 Net Profit Up 75% to ₹437.3 Crore; Revenue Rises

Huhtamaki India reported robust Q2 and H1 2026 standalone results, with Q2 revenue around ₹750 crore and net profit about ₹43.7 crore, marking a 70% YoY profit rise, and H1 revenue of ₹1,363 crore with net profit ₹69.33 crore as volume growth and favorable pricing offset higher costs. The company highlighted improved EBIT margins, ongoing efficiency gains, and a CRISIL rating upgrade to AA-/Stable, supported by a disciplined pricing strategy and value-led portfolio shifts.

6 sources

ZEW Sentiment Surges to 26.3 in Germany

Germany’s ZEW Economic Sentiment jumped to 26.3 in July 2026, driven by stronger export-oriented industries and resilient domestic demand, while the automotive sector remained weak and upside risks from Iran tensions and higher oil prices linger. The Eurozone mood also improved, with the euro-area ZEW sentiment at 23.4, signaling broader optimism alongside Germany’s ongoing reforms, though uncertainties remain.

10 sources

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Indian steelmakers pivot domestic markets amid EU constraints

{"summary":"Indian steelmakers are shifting away from exports to the domestic market as Europe and Britain tighten import rules and quotas, while a surge of low-priced Chinese steel pressures prices and margins. With export volumes to Europe/Britain potentially down around 40%, producers are betting on domestic demand from infrastructure, autos, and construction, supported by anti-dumping investigations and ongoing expansion plans in India.","summary_sources":["https://voice.lapaas.com/indian-steelmakers-pivot-home-europe-clamps-imports/","https://www.wownews24x7.com/india-steelmakers-face-twin-squeeze-from-eu-and-china","https://www.whalesbook.com/news/English/commodities/Indian-Steelmakers-Face-Export-Curbs-Amid-Low-Cost-Chinese-Imports/6a5f22c2fe1c9287f47898fd","https://www.moneycontrol.com/news/business/europe-shuts-the-door-china-cuts-prices-indian-steelmakers-face-a-twin-squeeze-13979424.html","https://uk.marketscreener.com/news/indian-steelmakers-pivot-home-as-europe-tightens-imports-china-squeezes-margins-ce7f51dbd18bf724"]}

5 sources

OCS Agrees £3.1bn Mitie Takeover

{"summary":"OCS Group has agreed to acquire Mitie in a cash deal valuing Mitie at up to 221.6 pence per share (approx. £3.1 billion), delivering a premium of around 40-47% and creating a UK-listed group with about £8.5 billion in revenue. Completion is targeted for Q1 2027 and is subject to shareholder and regulatory approvals, with Mitie’s board unanimously backing the transaction and both firms highlighting expanded geographic reach, technology investment, and stronger capabilities across critical sectors.", "summary_sources": ["https://uk.marketscreener.com/quote/stock/MITIE-GROUP-PLC-9590156/news/Mitie-Soars-After-Accepting-OCS-Group-Offer-53818649/","https://sg.finance.yahoo.com/news/ocs-announces-recommended-acquisition-mitie-073200513.html","https://uk.advfn.com/market-news/article/19900/ocs-agrees-3-1-billion-acquisition-of-mitie-as-facilities-services-leader-reports-strong-fy27-start","https://businesscloud.co.uk/news/ocs-agrees-3-1bn-mitie-deal-to-create-8-5bn-powerhouse/","https://www.tipranks.com/news/catalyst/mitie-soars-as-backed-ocs-deal-shakes-up-sector"]}

5 sources

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Burnham plans VAT cut on electricity bills

New UK Prime Minister Andy Burnham announced an immediate VAT cut on domestic electricity bills, lowering the annual bill by about £45 from October as part of a broader effort to ease the cost-of-living crisis. The policy is funded this year by scrapping the Digital ID programme, with Northern Ireland maintaining its commitments to follow EU tax rules.

11 sources

IQE lifts 2026 revenue growth forecast

IQE lifted its 2026 revenue growth forecast to more than 30% driven by accelerating demand for Indium Phosphide optical photonics in AI and data-centre infrastructure, anchored by first-half revenues of at least £64m and a debt-free balance sheet. Despite 2025 weakness in wireless and ongoing margin pressures, management expects continued momentum across photonics, aerospace/defense, and 3D sensing to sustain growth into the latter half of 2026.

7 sources

Netcall reports 20% revenue rise to £57.7m

Across Netcall, Marston's, Midwich, GBG, and Compass Group, trading updates show a pattern of resilient revenue growth, margin expansion, and continued investment in AI, formats, and geographic reach. The reports highlight Netcall and GBG accelerating AI-enabled offerings, Marston's benefiting from World Cup demand and Grandstand formats, Midwich navigating Middle East disruption while delivering growth, and Compass Group maintaining solid organic growth driven by new business wins and high client retention.

6 sources

China plans tighter AI model, chip export controls

China is weighing tighter export controls on AI models, training data, model weights, and advanced semiconductor designs, with MOFCOM consulting major domestic AI and chip firms to curb overseas access and restrict foreign acquisitions of strategic tech companies. The discussions, involving Alibaba, ByteDance, Zhipu AI, and other players, could reshape global AI collaboration and semiconductor supply chains, but no final rules have been issued.

5 sources

Photo: World Bank Group/ Grant Ellis / Wikimedia Commons (CC BY-SA 4.0)

Ukraine Receives $690 Million IMF Disbursement Amid War

The IMF has approved a $690 million disbursement for Ukraine under its $8.1 billion loan program, bringing total funding to about $2.2 billion as Kyiv maintains macroeconomic stability amid ongoing war. While targets have been met, several structural reforms slowed or were delayed, prompting a revised reform timetable and additional corrective measures to keep the program on track amid heightened security risks and a projected slower 2026 growth.

11 sources

Photo: Graham Cole / Wikimedia Commons (CC BY-SA 2.0)

Sunrise Expansion Construction Begins, Boosts BC LNG

Enbridge has begun the $4‑billion Sunrise Expansion on the Westcoast natural gas system in British Columbia, adding up to 300 million cubic feet per day of capacity through roughly 140 kilometres of new pipeline and 11 looping segments to support LNG exports such as Woodfibre while keeping Indigenous participation an option. Government and industry supporters say the project will boost Canada’s GDP, create about 2,500 construction jobs, generate roughly $700 million in tax revenue, and emphasize domestic steel use and Indigenous collaboration as part of Canada's energy-and-reconciliation agenda.

9 sources

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Recently covered

iPower Plans AI Hardware Leasing Subsidiary

Sunteck Realty Q1 Profit Up; ₹2,250-Crore Fundraise Planned

Microsoft funds Mistral Europe expansion

Paragon Banking closes £200m Green Tier 2 bond

Huhtamaki India Q2 Net Profit Up 75% to ₹437.3 Crore; Revenue Rises

ZEW Sentiment Surges to 26.3 in Germany

Indian steelmakers pivot domestic markets amid EU constraints

OCS Agrees £3.1bn Mitie Takeover

Burnham plans VAT cut on electricity bills

IQE lifts 2026 revenue growth forecast

Netcall reports 20% revenue rise to £57.7m

China plans tighter AI model, chip export controls

Ukraine Receives $690 Million IMF Disbursement Amid War

Sunrise Expansion Construction Begins, Boosts BC LNG