Global Business Shifts: Energy Upgrades and Mergers
Financial Times features stories about Iberdrola securing a UK loan and Orsted halting a wind farm. Pandora plans supply chain shifts due to tariffs. Tripledot Studios buys AppLovin's gaming unit for $800 million. The EU considers Boeing tariffs in response to US trade policies.
Today's Financial Times spotlights critical moves in the global business landscape. Iberdrola has secured a £600 million loan from the UK state fund to enhance Britain's power grid. This infusion will bolster infrastructure, underscoring government's commitment to modernizing energy systems.
In a setback to the UK's renewable ambitions, Orsted announced the cessation of its vast offshore wind project due to rising global costs. The decision highlights challenges in advancing carbon-neutral energies amid a shifting business context.
Pandora, facing tariff impacts from US trade policies, aims to reconfigure supply chains, while the EU eyes imposing fees on Boeing aircraft. Meanwhile, Tripledot Studios' $800 million acquisition of AppLovin's gaming business signifies consolidation in the mobile gaming arena.
(With inputs from agencies.)
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