Business

Orano Considers Sale of Niger Uranium Assets Amid Geopolitical Concerns

bitrgum-Orano Considering Sale of Niger Uranium Assets

France’s state-owned Orano is exploring the sale of its uranium assets in Niger following operational disruptions triggered by the country’s 2023 military coup. The company has lost control of its key assets, including the Somair mine and the Imouraren permit. Orano is now focusing on diversifying its portfolio with projects in Canada, Kazakhstan, Namibia, Mongolia, and Uzbekistan. The potential sale aligns with Orano’s capital reallocation strategy and may attract interest from state-backed buyers. The outcome has broader implications for uranium supply chains, energy security, and the shifting geopolitical dynamics across the nuclear industry.

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The EU’s New AI Act “Unacceptable Risk” Provisions Take Effect – Here’s What That Means Now and What’s Coming Next

2025-02-02 EU AI Act Unacceptable risk provisions take effect

The European Union’s AI Act entered its first enforcement phase on February 2, targeting artificial intelligence systems labeled as “unacceptable risk.” This includes bans on social scoring, real-time biometric surveillance in public, and emotionally manipulative AI. While these provisions are now active, broader rules covering high-risk systems, AI literacy, and transparency will come into force gradually through 2027. Companies operating in or selling into the EU must begin compliance planning now. Penalties for non-compliance, including fines up to €35 million or 7% of global revenue, will begin in August 2025.

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UK Government Revives Plans to Create a Silicon Valley Rival in the Oxford-Cambridge ARC

2025-01-28 UK Silicon Valley_sm

The UK government is reviving plans to develop a “Silicon Valley” equivalent in the Oxford-Cambridge ARC, aiming to boost national GDP and create 100,000 high-skilled jobs by 2035. Backed by the Department for Science, Innovation and Technology, alongside Oxford and Cambridge Universities and FTSE 100 companies, the initiative focuses on AI, infrastructure, and private capital investment. Highlighted success stories include Arm Holdings and Darktrace. While the potential is significant, global AI competition presents risks. If successful, the project could contribute £78 billion to UK GDP and help fund major public initiatives like the New Hospital Programme.

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Flutter Entertainment in Advanced Talks to Acquire Playtech’s Italian Unit Snaitech

Flutter Entertainment (NYSE: FLUT) is in advanced discussions to acquire Playtech's Italian subsidiary, Snaitech, in a deal potentially valued at £2 billion ($2.6 billion). This acquisition aligns with Flutter's strategy of expanding its global footprint through strategic acquisitions, particularly in key markets like Italy. The market has responded positively to the news, with significant increases in the share prices of both companies. While the transaction could enhance Flutter's leadership in the global gambling industry, both companies have emphasized that there is no certainty that the deal will be completed.

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An Analysis of the Failed Acquisition of Anglo American by BHP

2024-06-06 BHP - Anglo - Failed Merger

BHP Group attempted an all-share takeover of Anglo American, valuing the company at £31.1 billion. Despite offering a 14% premium, Anglo's board rejected the proposal, citing undervaluation and structural complexities. The deal faced regulatory hurdles and shareholder skepticism, ultimately leading BHP to withdraw. This analysis explores the strategic objectives behind BHP's bid, the financial and regulatory challenges, and the broader market implications of the failed acquisition within the global copper market and mining industry consolidation trends.

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The EU is making it more difficult for criminals to misuse cryptocurrencies for criminal purposes

Crypto and Criminals

As crypto and digital currencies become more common in the real world, more rules and regulations need to be implemented to stop “bad” people from using these currencies for doing bad stuff. Governing bodies across the world have been struggling to catch up with the new and innovative ways criminals …

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