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Software company Oracle shares surge more than 35% on huge AI deals
Software company Oracle shares surge more than 35% on huge AI deals
by  AFP

Oracle shares surged more than 35 percent in early trading Wednesday after the software giant projected massive revenue growth based on contracts tied to artificial intelligence. Oracle projected that its cloud business revenues would grow 77 percent in the current fiscal year to $18 billion.

Zara owner Inditex shares soar as sales growth revives
Zara owner Inditex shares soar as sales growth revives
by  AFP

Shares in Zara owner Inditex, the world's largest fashion retailer, soared on Wednesday as a positive start to the autumn season enthused investors and eclipsed slower-than-expected sales growth. "The results were bad, but the market is reacting very positively to this growth figure because it means returning to the levels Inditex had got us used to," XTB analyst Javier Cabrera wrote in a note.

Top EU court upholds nuclear green label
Top EU court upholds nuclear green label
by  AFP

The EU's top court on Wednesday upheld the European Commission's decision to give a sustainable finance label to investments in natural gas and nuclear power, dismissing a complaint by Austria. The European Commission in 2022 defied protests from green campaigners and dissent in its own ranks to give a sustainable finance label to investments in both gas and nuclear power.

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