Finance

EU funds 60% of capex for a 10 MW tidal kite farm in Ireland
The European Union's Innovation Fund formalized financing to build a large-scale tidal power plant in Irish territorial waters. The grant will cover 60% of the project's total capital cost for a 10 MW nominal capacity facility using Minesto's tidal kite technology. Simply Blue Group will be the local partner for port logistics and integration with regional supply chains. Funds will be disbursed in stages tied to engineering, procurement and offshore installation milestones.
FinanceInternationalInspenetOct 24AI
ScottishPower completes an engineering maneuver at the East Anglia TWO offshore wind farm
ScottishPower Renewables, Iberdrola's British subsidiary, completed a complex engineering operation at the East Anglia TWO offshore wind farm in the North Sea. The maneuver involved positioning large-tonnage structures for the turbines, using heavy-lift vessels and offshore safety protocols. The company says the milestone advances construction and speeds up the timetable for connection to the British power grid.
FinanceInternationalInspenetOct 24AI
The Cedears most traded by Argentines: bets on AI, Brazil and Bitcoin
According to BYMA's Daily Cedears Report dated October 22, the equity Cedears with the highest traded volume over the last 40 sessions were Micron (14.64%), Sandisk (7.78%), Nubank (5.32%) and Meta (4.53%). Micron recorded an average daily traded volume of more than ARS 34 billion. Among the most traded ETFs are SPY (21.28%), IBIT (11.99%) and EWZ (11.62%). Analysts attribute the interest to global artificial intelligence trends and portfolio diversification.
FinanceInternationalLa NaciónOct 24AI
Frasers Group takes control of Hugo Boss with a 50.08% stake
Frasers Group, the retail group of British billionaire Mike Ashley, raised its stake in Hugo Boss to 50.08% after buying another 198,666 shares at the price of its previous offer, for 7.63 million euros (US$8.6 million). As a result, the German brand becomes a subsidiary of the group that owns Sports Direct, Flannels and House of Fraser, and its earnings will be consolidated into Frasers' accounts. Boss closed Friday at 38.41 euros per share, with a market capitalization of just over 2.6 billion euros.
FinanceInternationalBloomberg LíneaOct 24AI
Tubos Reunidos works council in Nanclares rejects the redundancy plan proposed by the insolvency administration
The works council of Tubos Reunidos Premium Threads (TRPT) in Nanclares de Oca rejected the insolvency administration's proposal to start negotiating a redundancy plan (ERE) for extinction, while the creditors' insolvency proceedings remain open and the sale of the group's productive units has not been resolved. According to the council, the plant only appears in a subsidiary offer and there is no firm buyer interest. The administration proposes the ERE, expects the sale to be clarified in December and offers a two-month temporary layoff scheme (ERTE) as an alternative, and warned there are no guarantees of wage payments from November 1.
FinanceInternationalORAINOct 24AI
Barclays to cut around 5,000 jobs by the end of 2026 as it adopts AI
Barclays announced it will cut around 5,000 jobs, 5% of its workforce, before the end of 2026 as part of its adoption of artificial intelligence. A spokesperson for the British bank said about 60% of the cuts affect support functions, including a reduction in software developers because AI makes its teams more productive. The group, which employed 93,000 people worldwide at the end of 2025, is seeking an "organizational simplification" and efficiency gains from technology.
FinanceInternationalFrance 24Oct 24AI
Moody's keeps France's rating at Aa3 with negative outlook
Moody's took no rating action on French debt on Friday and kept its rating at Aa3 with a negative outlook, according to SWI swissinfo.ch.
FinanceInternationalSWI swissinfo.chOct 24AI
Halloween candy sales fall 6.7% in the US amid high cost of living and chocolate prices
Halloween candy sales fell 6.7% in the month ended October 17 compared with the same period a year earlier, according to NielsenIQ, which also reported an 11.7% drop in mid-September. The high cost of living and chocolate prices explain the slowdown: candy and chewing gum prices rose 44% over five years, versus 22.5% for food consumed at home. A gallon of regular gasoline averaged $4.29, almost 40% more than a year earlier.
FinanceInternationalTelemundo ChicagoOct 24AI
Metal traders reap extraordinary profits for a second consecutive year
Metal traders are chaining a second exceptional year, with several of the leading trading firms posting record profits. Trafigura made about US$2 billion in metals in its fiscal year ended in September, according to people familiar with the matter, and Glencore also booked some of the largest profits in its history, although its overall results were hit by a US$480 million provision tied to Radiant World. Mercuria is on track to match or exceed last year's US$300 million and IXM is heading for a record year.
FinanceInternationalBloomberg LíneaOct 24AI
Lula and Flávio Bolsonaro clash over economy and corruption in final debate before Brazil's runoff
President Luiz Inácio Lula da Silva and Senator Flávio Bolsonaro faced off in the final debate before Sunday's runoff at Globo's studios in Rio de Janeiro. They discussed the economy, security and corruption in a more moderate tone than in the previous debate. Flávio criticized inflation, household debt and the 13.75% annual interest rate; Lula defended his record and compared him to Javier Milei. A Datafolha poll puts them tied at 50%.
FinanceInternationalEl TiempoOct 24AI
Moolec Science shareholders approve liquidation with 98.4% of votes
Shareholders of Moolec Science SA, the biotech company that sought to become an agribusiness "unicorn" and at one point exceeded a US$1 billion valuation, approved its voluntary liquidation at a virtual extraordinary meeting, with about 98.4% of votes cast, according to the Form 6-K filed with the SEC. A total of 1,408,171 ordinary shares out of 2,080,437 entitled to vote were represented (67.686%). Cassandra Ronaldson and Amiel Gottlieb, of Interpath (Cayman) Limited, were also appointed as joint voluntary liquidators.
FinanceInternationalLa NaciónOct 24AI
High chocolate prices put a scare into US Halloween candy sales
Halloween candy sales in the United States fell 6.7% in the month ended October 17 compared with the same period a year earlier, according to NielsenIQ, which also recorded an 11.7% drop in mid-September. High living costs, chocolate prices and gasoline at $4.29 a gallon explain the slowdown. Candy and gum prices rose 44% over five years, versus 22.5% for at-home food.
FinanceInternationalUnivisionOct 24AI
Energy inflation in Latin America and the Caribbean hits 8.33% as diesel matches gasoline prices for the first time
Annual energy inflation in Latin America and the Caribbean rose to 8.33% in August 2026, its highest level in 12 months, while overall annual inflation stood at 4.43%, according to OLACDE. For the first time, the average diesel price matched gasoline at US$1.41 per liter. The increase is attributed to the resumption of the conflict in the Middle East in late July, after the ceasefire between Iran and the United States broke down.
FinanceInternationalDiario del SurOct 24AI
Trump and World Liberty Financial sued over alleged "public corruption" in crypto deals with the United Arab Emirates
J. Benjamin Greenberg, a shareholder of Circle Internet Group, sued Donald Trump and cryptocurrency company World Liberty Financial in a federal district court in Washington. The suit challenges transactions between the company tied to the president and entities in the United Arab Emirates, including deals linked to Sheikh Tahnoon bin Zayed Al Nahyan, and alleges a violation of the Constitution's foreign emoluments clause. Greenberg asks the court to rule on whether Trump's earnings breach that clause and to order the return of any profits deemed illegal.
FinanceInternationalPrensa LatinaOct 24AI
Unilever cuts operational emissions by 77% and targets 100% by 2030
Unilever said that by the end of 2025 it had cut greenhouse gas emissions from its own and leased sites —factories, offices and R&D centers— by 77% compared with 2015, under its Climate Transition Action Plan. The company keeps its goal of a 100% reduction in those emissions by 2030 and structures its strategy around three levers: transforming its operations, innovation in products and processes, and collaboration with suppliers.
FinanceInternationalValencia PlazaOct 24AI
October 28 is the last day to buy Santander and Inditex shares and collect their dividends
Inditex and Banco Santander, the two largest companies on the Ibex 35 by market capitalization, pay dividends on Monday, November 2, so investors must have bought shares by Wednesday, October 28 at the latest. Inditex will pay 0.88 euros gross per share, close to a 1.60% yield at current prices, and Santander will distribute 0.13 euros gross, a 1.1% yield. Both will trade ex-dividend from October 29.
FinanceInternationalEl EconomistaOct 24AI
Company of a Venezuelan Silicon Valley entrepreneur signs contract with Pdvsa for the Budare-Elotes block
Manuel Iribarren, a 28-year-old Venezuelan entrepreneur based in Silicon Valley, co-founded Primavera Infinita, which signed a Productive Participation Contract with Pdvsa on September 2 to develop the Budare-Elotes block, at an event at Miraflores with Delcy Rodríguez and U.S. Energy Secretary Chris Wright. According to Bloomberg, the company was incorporated in 2026 and its partners include Fred Ehrsam, co-founder of Coinbase and Paradigm, and Dheeraj Verma, former president of Quantum Energy Partners. The company aims to produce 100,000 barrels per day in the short term.
FinanceInternationalEl NacionalOct 24AI
Red Eléctrica builds eight synchronous condensers to strengthen Spain's grid after the April 2025 blackout
After the blackout that left the Iberian peninsula in the dark on April 28, 2025, Red Eléctrica is building eight synchronous condensers approved by MITECO. They are rotating machines that do not produce electricity: they spin and provide mechanical inertia to curb sharp frequency variations and supply short-circuit power during faults, giving stability to a grid with high renewable penetration. They will be installed at transmission grid substations, at a cost of about 100 million euros each, paid through electricity bill tolls.
FinanceInternationalXatakaOct 24AI
BancoEstado to raffle 100 prizes among RutPay users who pay in October
BancoEstado launched a promotion that will raffle 100 prizes among those who use RutPay to pay between October 1 and 31, 2026. Each valid payment adds one chance, with additional options for QR Passage and transfers. Winners will receive refunds on purchases at participating supermarkets during 2027, of up to $200,000 per month and up to $2,400,000 accumulated over the year, credited to their CuentaRUT. Each participant can win only one prize.
FinanceInternationalEl MostradorOct 24AI
Evercore flags four indicators that could signal a correction in the AI market
Evercore strategists led by Julian Emanuel identified four indicators that could signal a correction in the artificial intelligence bull market: investment-grade CDS spreads exceeding their March high of 68.33; high-yield spreads surpassing 411.04; a reversal of the upward trend in earnings-per-share estimate revisions; and the 10-year Treasury yield rising above 5.62%. The firm kept its 7,750 target for the S&P 500 at the end of 2026.
FinanceInternationalRevista ADVFNOct 24AI