BP is completing its exit from the renewable energy sector as it negotiates the sale of its last major asset, Lightsource BP. This decision is linked to a strategic review by the company and pressure from investors who are prioritizing the oil and gas business.
Keppel has begun preparing unfinished drilling rigs for operation in order to take advantage of rising demand and improving market conditions. The company is also evaluating the prospects for further commercialization of these assets.
Chinese AI startup DeepSeek has launched its first round of external funding, aiming to raise at least $300 million with a company valuation of no less than $10 billion. The company is seeking investments to strengthen its position in developing its own artificial intelligence models.
Barings has limited share buybacks in one of its direct lending funds to 5% following a surge in redemption requests driven by investor concerns over transparency and asset valuation. This measure is aimed at protecting the long-term interests of all shareholders.
Australian scientists have developed a prototype quantum battery capable of charging faster as its size increases. However, significant technical challenges still need to be overcome before this technology can be used in practice.