Ubisoft Names Co-CEOs of Tencent-Backed Subsidiary
The French videogame group said Christophe Derennes and Charlie Guillemot would take the helm of the new business that is set to include the teams behind the Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six franchises. The unit will also house any new games under development or to be developed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Morning Bid: Markets stoic over Powell's shifting fate
A look at the day ahead in European and global markets from Rae Wee The markets were in a calm but sombre mood on Thursday after a dramatic session on Wall Street driven by renewed uncertainty over the tenure of Federal Reserve Chair Jerome Powell. U.S. President Donald Trump soothed investors' nerves a bit by stating he was not planning to fire Powell, but he confirmed he floated the idea with Republican lawmakers and kept his options open, saying he would love for the Fed Chair to resign. Stocks in Asia were largely muted on Thursday while Wall Street futures fell, although European stock futures edged higher after slipping during the cash session on Wednesday. The long-running Trump-Powell saga continues to undermine the dollar, which on Thursday was on fragile footing given lingering worries over the Fed's independence. With calm mostly restored to the markets, investors have enough earnings reports and data releases on their plate to keep them distracted for now, barring any stepped-up attacks on Powell. Top of mind are results from TSMC, the world's main producer of advanced AI chips, and streaming giant Netflix, both expected later in the day. TSMC, a key supplier to Nvidia and Apple, is expected to post a 52% jump in second-quarter profit to record levels, although U.S. tariffs and a strong Taiwan dollar could weigh on its outlook. As for Netflix, the bar is high for it to deliver a result that could impress investors. They are likely to focus on the company's expansion into live sports and the growth of its ad-supported tier. Over in the UK, Thursday's jobs numbers could provide further clarity on the outlook for domestic interest rates. Pay growth in Britain is expected to have slowed further in the three months to May with the unemployment rate likely to have stayed steady at 4.6%. Still, Bank of England policymakers could turn more cautious on further rate cuts this year, after data on Wednesday showed Britain's annual rate of consumer price inflation unexpectedly rose to its highest in more than a year, at 3.6% in June. The Australian dollar fell sharply in the Asian session after domestic employment rose only marginally in June, while the jobless rate jumped to its highest since late 2021. Japan's exports fell for a second straight month as sweeping U.S. tariffs took a toll on the country's manufacturers, and Canadian retailer Alimentation Couche-Tard pulled its $47 billion bid to buy Seven & i Holdings, citing a lack of constructive engagement by the Japanese retailer. Key developments that could influence markets on Thursday: - TSMC, Netflix earnings - British labour market data (May) - U.S. weekly jobless claims - Fed's Waller speaks Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here. (By Rae Wee; Editing by Edmund Klamann) Sign in to access your portfolio
Associated Press
16 minutes ago
- Associated Press
Global New Material International: Driving a Green Future Through Innovation
STUTTGART, Germany--(BUSINESS WIRE)--Jul 16, 2025-- As global economic integration accelerates, materials science—the foundation of modern industry—is undergoing a profound transformation. Global New Material International Holdings Limited (GNMI) stands at the forefront of this evolution. This press release features multimedia. View the full release here: Colored Building-Integrated Photovoltaic modules developed by CQV, a subsidiary of GNMI. At the recent 2 nd Sino-European Corporate ESG Best Practice Conference, GNMI was honored with the 'Best Practice in Technological Innovation' award for its outstanding commitment to innovation and green development. The judging panel praised the company's achievements, noting that 'GNMI's innovations have gained broad international recognition. With a clear strategy focused on green manufacturing and sustainability, the company offers viable solutions to reduce dependence on non-renewable resources while advancing eco-friendly production.' Technological innovation is central to the company's success. Its core products—pearlescent materials and functional mica fillers—are widely used in cosmetics, plastics, rubber, coatings, and new energy batteries. In response to the limited supply of natural mica, the company has spent years on research and development, overcoming significant technical barriers to create synthetic mica with proprietary intellectual property. GNMI continues to expand the application of these materials, including integrating pearlescent materials into colored BIPV (Building-Integrated Photovoltaic) modules. This innovation advances the intersection of green energy, smart manufacturing, and architectural aesthetics. The company also places emphasis on industry-academia collaboration. It has partnered with Zhejiang University to co-found the 'Zhejiang University–Chesir Pearl Joint R&D Center' to tackle critical challenges in battery performance and safety. Their joint research focuses on insulation and separator materials—key components for the new energy vehicle sector. These collaborations not only enhance the company's innovation capacity but also accelerate the commercialization of academic research, creating a mutually beneficial ecosystem. Aligned with global sustainability goals, GNMI remains committed to green manufacturing by implementing energy-saving, waste-reducing, and low-carbon practices across the production chain. Its subsidiary, Guangxi Chesir Pearl Material Co., Ltd., has been designated a 'National Green Factory' by China's Ministry of Industry and Information Technology. Furthermore, this factory recently successfully connected a rooftop distributed photovoltaic project to the power grid, reaching a major milestone in its green manufacturing transformation. The project has an installed capacity of 5.9 megawatts peak (MWp) and adopts BIPV technology. Looking ahead, Global New Material International will continue to lead with innovation and sustainability—empowering a colorful, greener world through science and technology. View source version on CONTACT: PR Contact: EncycloVision (Shenzhen) Brand Communication Co., Ltd. Eason Zhou Email:[email protected] KEYWORD: GERMANY CHINA EUROPE ASIA PACIFIC INDUSTRY KEYWORD: GREEN TECHNOLOGY MANUFACTURING VEHICLE TECHNOLOGY ENVIRONMENT AUTOMOTIVE RESEARCH EV/ELECTRIC VEHICLES SUSTAINABILITY ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) BUILDING SYSTEMS PROFESSIONAL SERVICES ARCHITECTURE SCIENCE OTHER ENERGY CONSTRUCTION & PROPERTY ALTERNATIVE VEHICLES/FUELS ALTERNATIVE ENERGY ENERGY CHEMICALS/PLASTICS SOURCE: Sino-European Corporate ESG Best Practice Conference Copyright Business Wire 2025. PUB: 07/16/2025 10:41 PM/DISC: 07/16/2025 10:41 PM
Yahoo
43 minutes ago
- Yahoo
Leaders of the UK and Germany to sign a treaty on defense, trade and migration
LONDON (AP) — U.K. Prime Minister Keir Starmer and German Chancellor Friedrich Merz are set to sign a treaty on Thursday pledging to tighten defense ties and step up law-enforcement cooperation against gangs that smuggle migrants across the English Channel. The center-right German leader is in London on his first official visit to Britain since taking office in May. Starmer visited Berlin in August 2024, announcing plans for the U.K.-Germany 'friendship and cooperation' treaty with Merz's predecessor, Olaf Scholz. A priority for Starmer, who heads the center-left Labour Party, is curbing the gangs behind cross-channel people smuggling. About 37,000 people were detected crossing the English Channel from France in small boats in 2024, and more than 20,000 people made the crossing in the first six months of 2025. Dozens of people have died trying to cross. Berlin agreed last year to make facilitating the smuggling of migrants to the U.K. a criminal offence, a move that will give law enforcements more powers to investigate the supply and storage of small boats to be used for the crossings. Merz is expected to commit to adopting the law change by the end of the year. 'Chancellor Merz's commitment to make necessary changes to German law to disrupt the supply lines of the dangerous vessels which carry illegal migrants across the Channel is hugely welcome,' Starmer said, calling the U.K. and Germany 'the closest of allies.' Germany and the U.K. – Europe's largest and second-largest economies – are also expected to announce a series of investment deals. The treaty builds on a defense pact the U.K. and Germany, two of the biggest European supporters of Ukraine, signed last year pledging closer co-operation against a growing threat from Russia. It includes a promise to come to one another's aid in case of attack. The two leaders also are expected to agree Thursday to joint export campaigns for jointly produced equipment such as Boxer armored vehicles and Typhoon jets, and to develop a deep precision strike missile in the next decade. Starmer has worked to improve relations with Britain's neighbors, strained by the U.K.'s acrimonious departure from the European Union in 2020. He has sought to rebuild ties strained by years of ill-tempered wrangling over Brexit terms. He has ruled out rejoining the 27-nation bloc's single market or customs union, and has been cool to the idea of a youth mobility agreement with the EU, but has sought to reduce trade barriers and to strengthen defense cooperation. 'I make no secret of the fact I very much regret to this day that Britain left the European Union,' Merz told the German parliament last week. 'But if they at least work together with us again in the area of foreign and security policy, then that is a very good sign. Prime Minister Keir Starmer wants that.' ___ Moulson reported from Berlin. Jill Lawless And Geir Moulson, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
