Tag: Euro

BusinessTelecom

Cellnex Divests French Data Center Operations in €391 Million Strategic Sale

Spain’s Cellnex has agreed to sell its French data center operations to Vauban Infra Fibre through a €391 million cash deal. The transaction continues Cellnex’s strategy of divesting non-core assets to strengthen its financial position while focusing on its primary mobile tower business.

Major European Telecom Infrastructure Deal

Spain’s Cellnex Telecom, Europe’s largest mobile phone tower operator, has reportedly reached an agreement to divest its French data center operations in a significant strategic move. According to reports from Reuters, the company has signed a put option agreement to sell 99.99% of Towerlink France’s share capital to Vauban Infra Fibre for 391 million euros ($458 million).

by Natalie Brooks
BusinessEconomy and Trading

Luxury Sector Stocks Rally as Investment Banks Boost Key Player Ratings

European luxury stocks have experienced a significant rally following LVMH’s better-than-expected quarterly results. Investment banks including UBS and Deutsche Bank have upgraded ratings on several luxury names, pointing to renewed growth momentum in the high-end sector.

Luxury Stocks Rally on Renewed Growth Optimism

European luxury stocks have reportedly surged this week after LVMH posted a surprise return to growth, sparking renewed confidence in the luxury sector’s recovery trajectory. According to reports, the Stoxx Luxury 10 index recorded its biggest daily gain since January following the earnings announcement, with the rally continuing through the week as analysts revised their outlooks on several key players in the industry.

by Natalie Brooks
Assistive TechnologySemiconductors

ASML Maintains Steady Performance Amid Market Shifts, Eyes 2026 Growth Despite China Challenges

ASML Holding reports consistent €7.5 billion quarterly sales despite Chinese market challenges. The semiconductor equipment leader sees strong EUV demand and ships first advanced packaging system while forecasting growth acceleration in 2026.

ASML Holding has reported its second consecutive quarter of stable financial performance, maintaining €7.5 billion in net sales despite significant market headwinds from China. The Dutch semiconductor equipment manufacturer demonstrated resilience through continued strength in Extreme Ultraviolet lithography systems and the milestone shipment of its first advanced packaging product.

Financial Performance and Market Position

by Natalie Brooks
AI AnalyticsCloud Computing

Ireland Advances AI Factory Antenna and National Supercomputer Projects

Ireland is advancing two major computing initiatives with €10m funding for an AI Factory Antenna and a new national supercomputer. These projects will connect Irish innovators to European AI networks and enhance computing capacity for research and development.

Ireland is making significant strides in high-performance computing with two major initiatives that promise to transform the country’s artificial intelligence and research capabilities. The Irish AI Factory Antenna has secured €10 million in combined European and national funding, while the University of Galway has signed a hosting agreement for a new national supercomputer. These developments position Ireland as an emerging player in Europe’s digital infrastructure landscape, according to recent analysis of European tech investments.

Substantial Funding for AI Infrastructure

by Natalie Brooks
Assistive TechnologyBusiness

Apple TV Plus Rebranding Explained: Why Apple Dropped the Plus

Apple is rebranding Apple TV+ to simply “Apple TV,” creating confusion about its streaming service, hardware, and app. The move comes alongside a new Apple TV set-top box launch and broader tvOS strategy changes that have users questioning the company’s direction.

In a move that’s leaving consumers scratching their heads, Apple TV Plus is officially becoming just Apple TV as the tech giant eliminates the “Plus” from its streaming service branding. This confusing rebrand coincides with the anticipated launch of a new Apple TV set-top box and represents Apple’s latest attempt to streamline its television ecosystem, though early reactions suggest it’s achieving the opposite effect. The timing appears strategic, with Apple positioning itself against competitors like Google and Amazon while preparing for broader streaming media integration across its product lineup.

Why Apple Dropped the Plus from TV+

by Darren Holt