Oil Shippers, Traders Stay Away from EU-Sanctioned Nayara Energy
At least one oil tanker, the Talara, u-turned and sailed away from Vadinar port on Sunday, according to Bloomberg ship-tracking data. The vessel was meant to pick up a cargo of fuel — likely diesel — from Nayara, shipbrokers said. The booking was cancelled following Friday's sanction, they said, and the cargo was not loaded.
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TCS to cut more than 12,000 jobs amid AI-led disruptions
Indian IT services company Tata Consultancy Services (TCS) has announced its intention to reduce its workforce by 2% in response to AI-driven disruptions and macroeconomic uncertainties. This decision will lead to approximately 12,200 job cuts, Reuters reported, citing a company statement. The reductions will primarily affect middle and senior management employees. 'This transition is being planned with due care to ensure there is no impact on service delivery to our clients," TCS said. As of June 2025, TCS had more than 610,000 employees. The announcement came as the Indian IT sector, valued at $283bn, is experiencing similar challenges. Clients are reportedly delaying non-essential technology spending due to weak demand, persistent inflation, and uncertainties surrounding US trade policies. Earlier in July 2025, TCS chief executive K Krithivasan also noted that client decision-making and project initiations are facing delays. The restructuring effort is aimed at transforming the company into a future-ready organisation. 'This includes strategic initiatives on multiple fronts, and while these changes are necessary for our growth and evolution, we understand the impact on our colleagues. We thank them for their service and are committed to supporting them through this transition,' The Times of India quoted Krithivasan as saying in an email to employees. The company is currently focusing on deploying AI and other technologies while exploring new markets and managing an unpredictable demand landscape. In June 2025, TCS announced the establishment of three new facilities in Europe to bolster its presence in the software-defined vehicles sector. This includes two automotive delivery centres in Germany, located in Munich and Villingen-Schwenningen, and an engineering facility in Romania. "TCS to cut more than 12,000 jobs amid AI-led disruptions" was originally created and published by Verdict, 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.
Yahoo
6 minutes ago
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Growing Adoption of Two-phase Immersion for Higher Heat Flux Applications in HPC and AI Clusters Influencing Growth
The Europe Immersion Cooling Fluids Market is projected to surge from $66.79 million in 2024 to $818.88 million by 2034, boasting a CAGR of 28.49%. This rapid growth is spurred by stringent EU energy-efficiency mandates, crucial for sectors like electric vehicles, data centers, and advanced electronics. Dielectric fluids enhance thermal management, reduce power use, and extend equipment life, crucial as European power demands intensify. Innovations in recyclable and low-GWP fluids, aligned with EU incentives, are accelerating adoption. As Europe invests in a high-density, low-carbon future, immersion cooling emerges as a pivotal technology, strategically supported by collaborations and R&D in fluid chemistry. Prominent market players include FUCHS, Submer, Solvay, Shell, TotalEnergies, and Castrol Limited. European Immersion Cooling Fluids Market Dublin, July 28, 2025 (GLOBE NEWSWIRE) -- The "Europe Immersion Cooling Fluids Market: Focus on Application, Product, and Country-Level Analysis - Analysis and Forecast, 2024-2034" report has been added to Europe immersion cooling fluids market was valued at $66.79 million in 2024 and is expected to grow at a CAGR of 28.49%, reaching $818.88 million by 2034. The market for immersion cooling fluids in Europe is being driven by strict energy-efficiency regulations for electric cars, data centres, and sophisticated electronics. Superior thermal management, reduced power consumption, and longer equipment lifespans are all provided by dielectric fluids, which are essential as demand on European power networks rises. Adoption is speeding up thanks to innovations in recyclable and low-GWP formulations supported by EU sustainability incentives. Immersion cooling is being positioned as a key technology for Europe's high-performance, low-carbon future through strategic R&D expenditures and collaborations between fluid makers and hyperscale operators. Market IntroductionThe demand for improved thermal management solutions from data centres, electronics makers, and electric vehicle manufacturers is driving growth in Europe's immersion cooling fluids market in order to achieve strict energy-efficiency and sustainability targets. By directly immersing server modules or electronic components in dielectric fluids, which absorb and transfer heat more efficiently than traditional air or liquid-to-air systems, immersion cooling is achieved. For hyperscale data centres under pressure from Europe's Fit for 55 and Energy Efficiency Directive requirements, this technology offers three major benefits: lower power usage effectiveness (PUE), less need on chillers, and quieter in fluid chemistry, such as biodegradable esters and low-GWP fluorocarbons that minimise environmental effect while adhering to RoHS, REACH, and F-Gas standards, are important drivers. Modular immersion systems allow for flexible deployment at telecom exchanges, edge sites, and specialised applications such as high-performance computing clusters and automotive inverter cooling. Early installations are becoming less risky because to government incentives and carbon-credit programs, and product validation is being expedited by strategic partnerships among fluid formulators, OEMs, and cloud providers. Immersion cooling fluids are becoming a key component of Europe's shift to high-density, low-carbon electronics infrastructure as EU member states make investments in grid resilience and provide incentives for the use of clean technologies. How can this report add value to an organization?Product/Innovation Strategy: The product segment of the Europe immersion cooling fluids market highlights various applications across industries, such as data centers, high-performance computing, and electric vehicles. It includes advanced cooling fluids designed to efficiently manage heat dissipation in compact, high-density systems. Key technologies involve specially formulated thermally conductive fluids, which improve cooling efficiency and reduce energy consumption. As the demand for energy-efficient, sustainable cooling solutions rises, the immersion cooling fluids market could present a high-growth opportunity driven by innovations in fluid technology and the need for optimized thermal management in increasingly powerful electronic Strategy: The Europe immersion cooling fluids market is rapidly expanding, offering substantial opportunities for both established and emerging market players. Key strategies covered include mergers and acquisitions, product launches, partnerships, collaborations, and business expansions. Companies in this market tend to focus on product innovation and development to maintain and strengthen their market Strategy: The report profiles key players in the Europe immersion cooling fluids market, including technology providers. It offers a comprehensive view of the competitive landscape, including partnerships, agreements, and collaborations, helping readers identify untapped revenue opportunities in the market. Europe Immersion Cooling Fluids Market Trends, Drivers and Challenges Market Trends Shift toward low-GWP, biodegradable dielectric fluids compliant with F-Gas and REACH standards Growing adoption of two-phase immersion for higher heat flux applications in HPC and AI clusters Integration of real-time fluid-monitoring sensors and predictive maintenance analytics Modular rack-level and chassis-level systems enabling rapid deployment at edge and hyperscale sites Strategic alliances between fluid formulators and cloud providers to co-develop tailored cooling solutions Key Drivers EU energy-efficiency mandates (Fit for 55, Energy Efficiency Directive) pushing data centers to reduce PUE Rising demand for high-density computing in AI, 5G edge, and telecom infrastructure Electric vehicle power-electronics cooling needs leveraging immersion for compact, efficient thermal management Government incentives and carbon-credit schemes de-risking pilot projects and early commercial roll-outs Circular-economy focus driving second-life and recyclable fluid formulations Market Challenges High upfront costs for immersion-ready IT hardware and infrastructure modifications Complex fluid compatibility and material-compatibility testing to prevent corrosion or dielectric breakdown Lack of unified technical standards and best practices across EU member states Specialized maintenance needs and safety protocols for handling dielectric fluids Supply-chain constraints for novel fluid chemistries and limited recycling/regeneration facilities Key Market Players and Competition SynopsisThe companies profiled in the Europe immersion cooling fluids market have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market of the prominent names in this market are: FUCHS Submer Solvay Shell TotalEnergies Castrol Limited Key Attributes: Report Attribute Details No. of Pages 98 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $66.79 Million Forecasted Market Value (USD) by 2034 $818.88 Million Compound Annual Growth Rate 28.4% Regions Covered Europe Market Dynamics Market Drivers Rising Enterprise Adoption of Data Center GPUs for High-Performance Computing Applications Increasing Focus on Retrofitting and Brownfield Projects Market Restraints Increased Costs Arising from System Failures and Fluid Leaks Negative Environmental Concerns about Fluorocarbons Market Opportunities Global Expansion of Renewable Energy Projects Advancements in 5G and 6G Technologies Immersion Cooling Fluids Market: Current and Future Advancements in Heat Transfer Fluids and Next-Generation Materials Increase in Electric Vehicle Sales Integration with Renewable Energy Solutions PFAS Ban Scenario Impact of PFAS on Immersion Cooling Fluids Future Policy Changes and Recommendations M's Response to the PFAS Ban and Its Impact on the Immersion Cooling Fluids Market Supply Chain Overview Value Chain Analysis Who Supplies Whom for Immersion Cooling Fluids Market Research and Development Review Patent Filing Trend (by Country and Company) Regulatory Landscape Government Regulations Impacting Immersion Cooling Fluids Environmental Regulations for Fluids and Their Impact Future Policy Changes and Recommendations Immersion Cooling Fluids Chemistry and Composition Chemical Properties of Immersion Cooling Fluids Thermal Conductivity and Heat Transfer Characteristics Fluid Stability and Longevity Environmental and Safety Considerations Viscosity, Density, and Other Performance Specifications Companies Featured FUCHS Submer Solvay Shell TotalEnergies Castrol Limited Market Segmentation: Application Data Center Hyperscale Colocation Enterprise Others Electric Vehicles Passenger Vehicles Commercial Vehicles Industrial Equipment Energy and Power Generation Systems Telecommunications Military and Aerospace Marine Power Systems Others Chemistry Fluorocarbon-Based Immersion Cooling Fluids Mineral Oil-Based Immersion Cooling Fluids Synthetic Esters Water-Based Fluids Others Product Single-Phase Coolant Two-Phase Coolant For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment European Immersion Cooling Fluids Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
CNBC
9 minutes ago
- CNBC
European stocks that are likely to be winners and losers of the U.S.-EU trade agreement
European automakers and pharmaceutical companies are emerging as the immediate winners in the aftermath of the U.S.-EU trade deal agreed on Sunday. The new accord removes the overhang of more punitive tariffs, providing a relief rally to stocks in the sector. Under the agreement, details of which have not yet been revealed, exports from the European Union to the U.S. will incur a 15% tariff, ending months of uncertainty. The clarity has been welcomed by investors, with analysts calling it a "positive catalyst." European stocks are rising around 1% on the news. However, the deal leaves the steel and aluminum industry in a state of uncertainty. Winners The European auto industry is the deal's most prominent beneficiary. The 15% tariff on cars is a significant reduction from the 25% tariff some vehicles faced and far less damaging than other rates that had been feared. Analysts at JPMorgan noted that the market had already anticipated the positive step, which was reflected in the rising share prices of automakers and suppliers over the week. Volkswagen shares have risen 12% in the past week. Deutsche Bank analysts said the tariff news "masked ... very solid underlying [second quarter] results," and highlighted the company's strong European business in contrast to rivals. "We see potential for a blue sky scenario in which there is upside potential from tariffs and a mass market business setting itself apart from competitors in Europe," said Deutsche Bank's Tim Rokossa in a note to clients on Monday. "VW remains our top pick in the space." Other European carmakers are also poised to benefit. The 15% rate is seen as "manageable" by JPMorgan analysts, with companies expected to mitigate the impact through a combination of increased production in the U.S. and modest price hikes. The Wall Street bank highlighted that BMW and Porsche had raised prices between 2% and 4% to mitigate the cost of tariffs. JPMorgan also noted that Volvo Cars CEO had said that "its customers would have to pay a large part of tariff-related cost increases" in a note to clients on Monday. A dose of certainty The pharmaceutical and biotechnology sector is another winner, primarily because the deal removes significant uncertainty. For Sartorius, a laboratory equipment and consumables supplier, the deal "removed the last lingering concern over the impact of tariffs," according to JPMorgan. The company's exports to the U.S. already faced a 10% tariff. "We believe that a 5 percentage point increase in the tariff rate, will likely be managed through an increase in the tariff surcharges, resulting in a further 1% annualised boost to revenues and leaving the impact of tariffs as neutral on [adjusted profit for the company]," JPMorgan's Richard Vosser said in a note to clients on Monday. Losers The outlook for the steel and aluminum sector is far less clear. Though the EU said "tariffs will be cut" in the future, exports from the continent to the U.S. currently face 50% tariffs. That ambiguity leaves major producers like ArcelorMittal with a mixed outlook. JPMorgan analysts described the company's investment case as "stranded" between currently weak steel prices and the hope for a trade deal that would boost its pricing power. Hydro, one of the world's largest aluminum producers, told CNBC that tariffs at 50% — in place since June — "will not change the current market dynamics". "We are supporting free and fair trade. One of our concerns has been the risk of an escalating trade war that would put weight on the global economy, leading to lower aluminum demand," a Hydro spokesperson said. "With more certainty on the trade agreements, this will likely reduce this risk." Despite the initial euphoria on European stock markets, strategists at UBS suggest the deal is likely to be damaging in the long run. "Importantly, while the deal reduces uncertainty and the risk of an escalation, it cements a marked deterioration in European firms' export conditions to the US," said UBS economist Reinhard Cluse in a note to clients on July 28.
