TT Electronics Takeover Deal Falls Apart After Shareholder Vote
The £150-per-share acquisition of TT Electronics by Cicor Technologies is off. The deal failed to secure the required 75% shareholder approval, garnering only about 51.77% support.
Category: Business
Virginia’s $1.6 Billion Datacenter Tax Break Problem
A new report reveals Virginia’s tax breaks for datacenters doubled in a year, costing the state $1.6 billion. A watchdog group argues the incentives are on autopilot and should be eliminated as public opposition grows.
Nvidia’s Jensen Huang says he’s “perfectly fine” with California’s billionaire tax
Nvidia CEO Jensen Huang says he hasn’t given a single thought to California’s proposed billionaire wealth tax. His stance is a stark contrast to other tech billionaires who are already planning their exits.
China Clamps Down on E-Commerce “Coercion”
China has unveiled new regulations targeting the aggressive tactics of major e-commerce platforms. The rules, effective in February, specifically ban coercing merchants into promotions and come after a year of heightened scrutiny.
Morgan Stanley just made a huge crypto ETF play
Morgan Stanley is seeking SEC approval to launch exchange-traded funds tied to bitcoin and solana. This is the first such move by a major U.S. bank, signaling a major shift in institutional crypto adoption.
Ontario’s Manufacturing Fund Deadline Looms: What You Need to Know
The application window for Ontario’s Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream closes on February 3, 2026. This provincial program offers funding, loans, and grants to help SMEs in sectors like aerospace and automotive invest in equipment and create jobs. Eligible companies
US Government Scrambling on Nvidia’s China Chip Licenses
The U.S. government is urgently processing license applications for Nvidia to ship its advanced H200 AI chips to China. However, the company still has no clear date for when those approvals might come through, leaving a major market in limbo.
UK CFOs Are Suddenly Way More Bullish on AI’s Growth Potential
Optimism about AI’s impact is surging among British CFOs. A Deloitte survey found 59% now expect AI to improve their company’s performance, a big jump from 39% just a quarter earlier. Yet broader business sentiment is still stuck in negative territory.
Vietnam’s Manufacturing Boom Hits Reality Check
Vietnam has seen a massive surge in foreign investment as companies flee U.S. tariffs on China, turning cities like Bac Ninh into global factory hubs. But the rapid growth is now straining against rising labor costs, infrastructure limits, and new competition from neighbors like Indonesia and the Ph
Fed’s Kashkari Says AI Is Already Slowing Big Company Hiring
In a CNBC interview, Minneapolis Fed President Neel Kashkari pointed to AI as a key factor causing big companies to slow their hiring. He notes they are seeing “real productivity gains,” creating a low-hire, low-fire labor dynamic.