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US Army pools contracts into up to $10 billion Palantir deal
US Army pools contracts into up to $10 billion Palantir deal

Yahoo

time31-07-2025

  • Business
  • Yahoo

US Army pools contracts into up to $10 billion Palantir deal

(Reuters) -The U.S. Army on Thursday said it was consolidating dozens of contracts into a single enterprise deal with Palantir, giving it volume-based discounts and the option to purchase up to $10 billion from the software provider over 10 years. The deal does not commit the Army to any new purchases, it said in a press release. The Army said the goal of this consolidation was to shorten procurement timelines and remove contract-related fees so it can deploy data integration and artificial intelligence tools faster. (Reporting By Jeffrey Dastin in San Francisco; Editing by Chris Reese) 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

US Army pools contracts into up to $10 billion Palantir deal
US Army pools contracts into up to $10 billion Palantir deal

Yahoo

time31-07-2025

  • Business
  • Yahoo

US Army pools contracts into up to $10 billion Palantir deal

(Reuters) -The U.S. Army on Thursday said it was consolidating dozens of contracts into a single enterprise deal with Palantir, giving it volume-based discounts and the option to purchase up to $10 billion from the software provider over 10 years. The deal does not commit the Army to any new purchases, it said in a press release. The Army said the goal of this consolidation was to shorten procurement timelines and remove contract-related fees so it can deploy data integration and artificial intelligence tools faster. (Reporting By Jeffrey Dastin in San Francisco; Editing by Chris Reese) Sign in to access your portfolio

IMF board approves Zambia programme review, unlocking about $184mln
IMF board approves Zambia programme review, unlocking about $184mln

Zawya

time28-07-2025

  • Business
  • Zawya

IMF board approves Zambia programme review, unlocking about $184mln

The International Monetary Fund said on Friday its executive board had completed a fifth review of Zambia's loan programme, unlocking another disbursement of about $184 million. The fund said the loan programme would seek to "entrench macroeconomic stability, restore debt and fiscal sustainability, enhance public governance, and foster inclusive growth" for Zambia. The copper-rich Southern African country is recovering from a severe regional drought, which curbed economic growth after years of protracted debt-restructuring negotiations. Zambia battled its way to a restructuring deal with its primary creditors last year. It has yet to agree terms with some smaller creditors including Afreximbank. Its finance ministry expects growth to pick up 5.8% this year and 6.4% in 2026. Analysts do not foresee U.S. President Donald Trump's 50% tariff on copper being a major drag on growth as exports to the U.S. are limited and volatility in the copper price is expected to be temporary. (Reporting by Kopano Gumbi and Abu Sultan; Editing by Chris Reese and David Gregorio)

Morocco to supply 1.1mln tonnes of fertilizers to Bangladesh in 2025-2026
Morocco to supply 1.1mln tonnes of fertilizers to Bangladesh in 2025-2026

Zawya

time03-07-2025

  • Business
  • Zawya

Morocco to supply 1.1mln tonnes of fertilizers to Bangladesh in 2025-2026

RABAT: Moroccan fertiliser producer OCP Nutricrops said on Wednesday it will supply 1.1 million tonnes of fertilizers to Bangladesh over the period 2025–2026. OCP Nutricorps signed the supply deal with Bangladesh Agricultural Development Corporation, whose officials are visiting Morocco to explore cooperation areas, the company said in a statement. (Reporting by Ahmed Eljechtimi; Editing by Chris Reese)

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