Latest news with #CarlosBarria
The Standard
19-07-2025
- Business
- The Standard
India's financial crime fighting agency summons Google, Meta executives, sources say
A Google logo is seen at a company research facility in Mountain View, California, U.S., May 13, 2025. REUTERS/Carlos Barria/File Photo
The Star
15-07-2025
- Business
- The Star
Google inks $3 billion US hydropower deal in largest clean energy agreement of its kind
FILE PHOTO: Google logo is seen at a company research facility in Mountain View, California, U.S., May 13, 2025. REUTERS/Carlos Barria/File Photo NEW YORK (Reuters) -Google has agreed to secure as much as 3 gigawatts of U.S. hydropower in the world's largest corporate clean power pact for hydroelectricity, the company said on Tuesday, as Big Tech pursues the expansion of energy-hungry data centers. The deal between Google and Brookfield Asset Management includes initial 20-year power purchase agreements, totaling $3 billion, for electricity generated from two hydropower facilities in Pennsylvania. The technology industry is intensifying the hunt for massive amounts of clean electricity to power data centers needed for artificial intelligence and cloud computing, which has driven U.S. power consumption to record highs after nearly two decades of stagnation. Ruth Porat, president and chief investment officer at Google parent company Alphabet, is expected to discuss the news at an AI summit in Pittsburgh. U.S. President Donald Trump is scheduled to attend the event, where $70 billion in AI and energy investments are expected to be announced. "This collaboration with Brookfield is a significant step forward, ensuring clean energy supply in the PJM region where we operate," Amanda Peterson Corio, Google's head of data center energy, said in a statement. Over roughly the last year, Google has struck several first-of-a-kind power purchase agreements, including for carbon-free geothermal energy and advanced nuclear. The company is also working with the country's largest electricity grid operator, PJM Interconnection, to use AI to speed up the process of hooking up new power supplies to the grid. In the latest deal, Google said it has signed an initial framework agreement with Brookfield, owner of Brookfield Renewable Partners, which develops and operates renewable energy plants. Its two hydropower sites in Pennsylvania will be upgraded and relicensed as part of the arrangement, the companies said. Google said it plans to expand the deal eventually beyond those sites to other parts of the Mid-Atlantic and Midwest. (Reporting by Laila Kearney; Editing by Sonali Paul)
Perth Now
14-07-2025
- Business
- Perth Now
ASX slips on latest Trump tariff
Cautious investors sold down the local market as Aussie investors digested the latest tariffs announcement from US President Donald Trump. The ASX200 closed slightly down on Monday, losing 9.70 points or 0.11 per cent to 8,570.40, as the seesawing market swung between gains and losses throughout the day's trading. The broader All Ordinaries also finished in the red, losing 5 points or 0.06 per cent to finish Monday's trading at 8,815.30. The Australian dollar retreated slightly from an eight-month high and is currently buying 65.61 US cents. On a mixed day, only four of the 11 sectors finished higher, led by the energy stocks and major miners. Shares in BHP finished up 0.94 per cent to $39.73, while Rio Tinto gained 0.58 per cent to $111.74. US President Donald Trump tariff policy is starting to come into effect. Carlos Barria / NewsWire POOL Credit: NewsWire Fortescue Metals bucked the trend and fell 0.47 per cent to $16.90. It was also a mixed day for the big four banks. CBA shares slipped 0.39 per cent to $178.72, Westpac dropped 0.74 per cent to $33.56 and ANZ slumped 0.82 per cent to $30.08. NAB was the outlier, eking out a small gain, up 0.13 per cent to $39.66. Monday's trading came after President Trump over the weekend confirmed a 30 per cent tariff on goods from the European Union and Mexico which will start from August 1. IG market analyst Tony Sycamore said this was an extension of the letters sent on July 9. 'The 'take it or leave it' tariff rates on these 12 countries will be effective from August 1, 2025,' Mr Sycamore said. 'While we can only guess which countries will receive a letter, it has been confirmed that Canada has been explicitly excluded from the list due to its USMCA protections, relatively low tariffs on US goods, and strategic importance as a North American partner.' Gold miners rose as investors jumped into safe haven assets. NewsWire / Max Mason-Hubers Credit: News Corp Australia Safe havens – including gold and Bitcoin – jumped on the news. Northern Star Resources jumped 1.72 per cent to $16.53, Evolution Mining gained 1.88 per cent to $7.58 and Newmont Corporation finished 1.66 per cent higher to $92.01. Bitcoin has surged past $US120,000 ($182,000) for the first time, marking yet another record in what's shaping up to be a monumental rise. eToro market analyst Josh Gilbert said the price jumped on the back of governments continuing with big spending budgets. 'Central banks keep running expansive monetary policies and global money supply keeps rising,' Mr Gilbert said. 'In that environment, an asset with fixed, decentralised supply cements itself as an alternative store of value.' In company news, DroneShield continues its march higher over recent weeks after telling the ASX it will spend $13m in R&D and manufacturing to expand its Sydney based operations. The company says the money will triple the size of the current Sydney based facility as it looks to expand its manufacturing capacity to $2.6bn by the end of 2026. The expansion follows a $61.6m contact announcement back in June, its biggest ever order. Shares jumped 16.97 per cent to $3.24 on the announcement. Specialty fashion group City Chic shares slipped 1.16 per cent to $0.085 after the business issued an unaudited trading update to 29 June 2025 showing earnings before interest depreciation and amortisation will come in at between $6 to $6.5m, following a financial year 2024 loss of $8.4m.
The Star
11-07-2025
- Business
- The Star
Google hires Windsurf CEO and researchers to advance AI ambitions
FILE PHOTO: A Google logo is seen at a company research facility in Mountain View, California, U.S., May 13, 2025. REUTERS/Carlos Barria/ File Photo (Reuters) -Google has hired Windsurf CEO Varun Mohan, co-founder Douglas Chen, and select members of the coding tool's research and development team to join its DeepMind division, a Google spokesperson said on Friday, in a move to strengthen itself in the race for AI leadership. Mohan and the Windsurf team will focus on agentic coding initiatives at Google DeepMind, primarily working on the Gemini project. The development comes as tech giants including Alphabet and Meta Platforms aggressively chase high-profile acquisitions and offer multi-million-dollar pay packages to attract top talent in the race to lead the next wave of AI. "We're excited to welcome some top AI coding talent from Windsurf's team to Google DeepMind to advance our work in agentic coding," a Google spokesperson told Reuters. Google will not acquire any stake in Windsurf, but will receive a non-exclusive license to certain Windsurf technologies. The Verge reported on Friday Windsurf's head of business, Jeff Wang, has been appointed its interim CEO, and Graham Moreno, vice president of global sales, will be president, effective immediately. The majority of Windsurf's roughly 250 employees will remain with the company, which has announced plans to prioritize innovation for its enterprise clients. The move effectively ends OpenAI's planned acquisition of Windsurf. Previously, OpenAI had agreed to acquire the company for about $3 billion, Bloomberg News reported in May. (Reporting by Kritika Lamba in Bengaluru; Editing by Shailesh Kuber)
The Star
11-07-2025
- Sport
- The Star
Soccer-Argentine giants under pressure, surprise champions reset as Clausura starts
Soccer Football - FIFA Club World Cup - Group C - Auckland City v Boca Juniors - Geodis Park, Nashville, Tennessee, U.S. - June 24, 2025 Boca Juniors coach Miguel Angel Russo reacts REUTERS/Carlos Barria (Reuters) -Boca Juniors and River Plate head into Argentina's Clausura (closing) championship aiming to restore their status at home after painful Club World Cup group-stage exits, while surprise champions Platense defend their title under new leadership. Despite their historic achievements, Boca and River endured a humbling first half of the season. River finished the Apertura (opening championship) strongly but stumbled in the quarter-finals, losing on penalties to eventual champions Platense. Their Club World Cup campaign did little to ease pressure on coach Marcelo Gallardo as his side managed only one win, against Japan's Urawa Reds, as they failed to reach the knockout stage. Losing teenage sensation Franco Mastantuono to Real Madrid further weakened River and, with no big-name signings yet, the Clausura presents them with an opportunity to regroup. They will open the campaign with a marquee match-up on Sunday against Platense. Bitter rivals Boca's outlook is not much brighter. Under Fernando Gago they showed some consistency but never convinced and a painful 2–1 Clasico defeat by River late in the Apertura proved the final straw as the coach departed. Boca's Club World Cup journey was equally disappointing, capped by being held to a shock draw by amateur side Auckland City that sealed their group-stage elimination, despite the incredible support of travelling fans across the United States. With World Cup winner Leandro Paredes returning from AS Roma and manager Miguel Angel Russo given time to steady the ship, Boca will look to improve. They open their campaign on Sunday at home to Argentinos Juniors. FRESH STARTS Challengers will not be in short supply. Rosario Central topped Group B in the Apertura but stumbled in the quarter-finals against eventual finalists Huracan. Now, the return of club great and national icon Angel Di Maria has reignited belief that early promise can turn into a serious title push. Among the tournament's long shots, all eyes will be on Platense as they try to prove their Apertura title was no fluke. The surprise champions are set to begin a new era, after coaching duo Favio Orsi and Sergio Gomez resigned just 10 days after lifting the trophy. In their place is Cristian Gonzalez, tasked with keeping the momentum alive at a club unaccustomed to life at the top. "In the first training session, I congratulated these guys because they want more," Gonzalez said during his presentation. "They convey to me that desire to keep competing, to want to win." (Reporting by Janina Nuno Rios in Mexico City; Editing by Ken Ferris)
