Nvidia, Cassava's AI Factory in Africa Tie-Up to Cost $720 Million
Cassava Technologies may invest as much as $720 million in Africa's first artificial intelligence factory that will be built by Nvidia Corp.
The pan-African technology firm founded by Zimbabwean telecoms tycoon Strive Masiyiwa plans to deploy accelerated computing and AI software from the US company into South Africa, Egypt, Nigeria, Kenya and Morocco.
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43 minutes ago
- Yahoo
Temu, Shein pivot to Europe to bypass US tariffs
Chinese-founded budget e-commerce platforms Temu and Shein have been increasing their presence in European markets as their sales decline sharply in the United States. Consumer spending on Temu in the US fell by approximately 36% in May compared to the previous year, while Shein's spending dropped by 13%, according to data from Consumer Edge. Despite this growth opportunity in Europe, experts warn that both companies face mounting regulatory scrutiny similar to that encountered in the US. As US tariffs and trade policies have taken effect—such as the May end to a small-package tariff exemption and new duties as high as 54%—Temu and Shein have shifted their strategy towards European countries. Consumer Edge's data indicates that consumer spending on these platforms grew significantly in Europe in May, with Temu's sales rising by 63% in the EU and 38% in the UK year-over-year. Shein also saw increases of 19% in the EU and 42% in the UK. France, Europe's second-largest economy, emerged as a key market, especially for Temu. This European growth has been accompanied by increased advertising investments and efforts to expand warehouse capacity. Both companies are experimenting with localised business models to better adapt to the region's consumer preferences. However, Europe enforces stricter regulations on product safety, consumer protection, and competition, which require additional compliance and transparency efforts. Despite their expansion, Temu and Shein face intensifying regulatory challenges in Europe. The European Union is preparing to introduce a two-euro flat customs fee on low-value packages from online marketplaces, which previously entered duty-free. Industry experts describe this move as a strategic effort to regulate the rapid growth of ultra-cheap cross-border e-commerce and foresee significant impacts on the platforms' operations over the coming years. Further regulatory pressure comes from consumer advocacy groups and government bodies. The pan-European organisation BEUC has filed complaints against both companies, accusing them of employing deceptive marketing tactics known as 'dark patterns' that encourage overconsumption. The European Commission is also investigating Shein's adherence to EU consumer protection laws. Meanwhile, France is considering legislation specifically targeting ultra-cheap fast fashion products for their environmental impact. Beyond commercial regulations, Temu and Shein face scrutiny over labour practices and human rights compliance. US authorities have challenged Temu over alleged breaches of the Uyghur Forced Labor Prevention Act, which bans imports made with forced labour from China's Xinjiang region. Europe is advancing stricter oversight through the Corporate Sustainability Due Diligence Directive, requiring companies to address human rights abuses and environmental impacts within their supply chains. Analysts highlight that the rising global protectionism and differing standards on labour and sustainability are significant factors behind the growing regulatory hurdles. While Europe presents valuable growth opportunities, compliance with these evolving legal frameworks will be crucial for Temu and Shein's continued expansion in the region. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "Temu, Shein pivot to Europe to bypass US tariffs" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
European Penny Stocks Under €2B Market Cap: 3 Hidden Gems To Watch
As the European markets experience a boost with the pan-European STOXX Europe 600 Index rising by 0.90% amid slowing inflation and easing ECB monetary policy, investors are exploring opportunities in less conventional areas. Though 'penny stocks' might sound like a relic from past trading days, they still offer relevant opportunities for those interested in smaller or newer companies. With strong financials, these stocks can provide a mix of affordability and growth potential, making them an intriguing option for investors seeking hidden value. Name Share Price Market Cap Financial Health Rating KebNi (OM:KEBNI B) SEK1.832 SEK496.76M ★★★★★★ Angler Gaming (NGM:ANGL) SEK3.66 SEK274.45M ★★★★★★ Cellularline (BIT:CELL) €3.18 €67.07M ★★★★★☆ Fondia Oyj (HLSE:FONDIA) €4.65 €17.39M ★★★★★★ Abak (WSE:ABK) PLN4.20 PLN11.32M ★★★★★★ Bredband2 i Skandinavien (OM:BRE2) SEK2.415 SEK2.31B ★★★★☆☆ Hifab Group (OM:HIFA B) SEK3.60 SEK219.02M ★★★★★★ Euroland Société anonyme (ENXTPA:MLERO) €3.26 €9.49M ★★★★★★ Deceuninck (ENXTBR:DECB) €2.20 €303.74M ★★★★★★ Netgem (ENXTPA:ALNTG) €0.976 €32.68M ★★★★★★ Click here to see the full list of 446 stocks from our European Penny Stocks screener. We're going to check out a few of the best picks from our screener tool. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Deceuninck NV is involved in the design, manufacture, recycling, and distribution of multi-material window, door, and building solutions across Europe, North America, Turkey, and other international markets with a market cap of €303.74 million. Operations: The company's revenue is primarily generated from its Window and Door Systems segment at €759.81 million, followed by Home Protection at €40.48 million, and Outdoor Living at €26.70 million. Market Cap: €303.74M Deceuninck NV, with a market cap of €303.74 million, shows promising financial health for a penny stock. Its earnings have grown significantly by 46.6% over the past year, outpacing the industry average and its five-year growth rate of 5.1%. The company's interest payments are well covered by EBIT at 9.8x coverage, and its net debt to equity ratio is satisfactory at 16.7%. While Deceuninck's return on equity is low at 4.5%, it trades below fair value estimates by approximately 24.8%. Recent dividend announcements affirm a cash dividend of €0.056 per share payable in May 2025. Jump into the full analysis health report here for a deeper understanding of Deceuninck. Learn about Deceuninck's future growth trajectory here. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Metsä Board Oyj operates in the folding boxboard, fresh fibre linerboard, and market pulp sectors both in Finland and internationally, with a market cap of €1.24 billion. Operations: The company generates €1.94 billion in revenue from its operations in the folding boxboard, fresh fibre linerboard, and market pulp sectors. Market Cap: €1.24B Metsä Board Oyj, with a market cap of €1.24 billion, presents a mixed profile for investors in the penny stock segment. The company's net debt to equity ratio is satisfactory at 20.6%, and its short-term assets exceed both short-term and long-term liabilities, indicating sound liquidity management. However, the return on equity remains low at 1%, and recent earnings show a net loss of €7 million compared to last year's profit. Despite negative earnings growth over the past year, Metsä Board trades significantly below estimated fair value and has recently issued green bonds worth €200 million to finance sustainable projects. Click to explore a detailed breakdown of our findings in Metsä Board Oyj's financial health report. Review our growth performance report to gain insights into Metsä Board Oyj's future. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Xbrane Biopharma AB is a biotechnology company focused on developing, manufacturing, and selling biosimilars, with a market capitalization of SEK413.69 million. Operations: Xbrane Biopharma generates revenue from its Biosimilar Development segment, totaling SEK277.89 million. Market Cap: SEK413.69M Xbrane Biopharma, with a market cap of SEK413.69 million, offers an intriguing yet volatile opportunity in the penny stock landscape. Despite being unprofitable and facing increased volatility, Xbrane has shown significant revenue growth, reporting SEK93.24 million in Q1 2025 compared to SEK14.07 million a year prior. The company's recent follow-on equity offering of SEK200 million aims to bolster its cash runway beyond the current two months. While auditor concerns about its going concern status persist, strategic advancements like the FDA review for its biosimilar candidate could potentially influence future prospects if approvals are secured by October 2025. Click here to discover the nuances of Xbrane Biopharma with our detailed analytical financial health report. Explore Xbrane Biopharma's analyst forecasts in our growth report. Take a closer look at our European Penny Stocks list of 446 companies by clicking here. Want To Explore Some Alternatives? AI is about to change healthcare. These 22 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ENXTBR:DECB HLSE:METSB and OM:XBRANE. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
All Seas Capital Exits G3
Realisation follows significant growth with headcount doubling and international expansion LONDON, June 11, 2025--(BUSINESS WIRE)--All Seas Capital, a pan-European private capital fund that provides transformational capital solutions to leading founder- and entrepreneur-owned companies, is pleased to announce the full realisation of its investment in G3 ("G3" or "the Company"), a global strategic advisory consultancy. As part of the transaction, Oakley Capital Fund VI has acquired a majority stake in the Company. G3 helps clients manage their risk and enable opportunities by providing reputational and strategic intelligence, dispute advice and cyber consulting. The company's clients include some of the largest private equity and sovereign wealth funds, global corporates and leading law firms. Since investing in G3 in 2022, All Seas Capital has partnered closely with the management team to accelerate its expansion strategies. G3 has grown significantly, with headcount more than doubling and global business development capabilities strengthened, with the opening of new offices in New York, Singapore, Tokyo, and Abu Dhabi. All Seas Capital provides flexible long-term capital solutions to leading Western European mid-market businesses. Alongside transformational capital, the firm provides board-level expertise to entrepreneurs and management teams who do not want to sell majority stakes. All Seas Capital is led by Marc Ciancimino and Cristobal Cuart, who co-founded and led KKR's European mezzanine and preferred equity business and have an extensive track record, with €3.4bn invested across 45 businesses prior to founding All Seas Capital. Marc Ciancimino and Cristobal Cuart, Co-Founders and Managing Partners of All Seas Capital, commented: "Since partnering with G3 three years ago, we have worked hard to support its highly capable management team to accelerate its expansion strategies and develop the business. It has achieved great success, capitalising on the significant growth in demand for strategic risk advisory services. At All Seas Capital, we provide flexible, hybrid non-control capital to established founder- and entrepreneur-owned businesses that have already reached scale and can benefit from our support and capital. G3 is a great example of how our approach can support that journey, and we wish the team every success with their new partners at Oakley Capital." All Seas Capital was advised by King & Spalding. G3 was advised by Jefferies, White & Case. LEK and KPMG. About All Seas Capital All Seas Capital is a pan-European private capital firm. We partner with mid-market businesses, constructing flexible, structured capital solutions - investing a combination of debt and equity - to empower transformational growth. The team is led by Marc Ciancimino and Cristobal Cuart who co-founded and led KKR's European mezzanine and preferred equity business. We back growing businesses with strong management teams and help them accelerate their growth plans, supporting entrepreneur and family-owned businesses who have already reached profitability but need strategic capital to realise their ambitions. These businesses have underlying resilience, typically generating EBITDA of €5-50m, with our investment ranging from €30-100m. About G3 G3 is a global advisory firm that helps clients manage risk and make better business decisions. We provide intelligence that enables our clients to make informed decisions on deals, partnerships, new markets, and regulatory and political environments. We offer investigations and dispute advice to support legal strategies and recover assets. We deliver cyber-security advice to defend against today's prevailing threat environment. Our clients include FTSE and Fortune 500 corporations, sovereign wealth and pension funds, private equity firms, and leading international law firms. Founded over twenty years ago, G3 has an established global platform and operates in most geographies worldwide. Our multidisciplinary team is drawn from government, finance, law, consultancy, and law enforcement. We are headquartered in London, with offices in the US, the Middle East, and Asia. View source version on Contacts For further information, please contact: All Seas CapitalCharlotte Balbirnie+44 7989 528421CBalbirnie@
