Sophie Renard 
Prosus NV reported profit more than doubling in its last fiscal year, exceeding analyst expectations. The strong performance was driven by growth in the company’s e-commerce businesses and an appreciation in the value of its significant stake in Chinese technology company Tencent Holdings.
Saint-Gobain CEO Benoit Bazin warned Bloomberg Television that labor shortages are constraining data center expansion in North America and that Europe will likely face similar challenges. Saint-Gobain manufactures glass products and construction materials used in data center infrastructure.
Sanofi and Everpure discuss the application of AI and improved data management in pharmaceutical drug development
Prosus NV, a Dutch e-commerce and investment company, expects core earnings to increase by up to 28% for the fiscal year ending March 31st, driven by growth in its e-commerce operations and appreciation of its investment stake in Chinese technology company Tencent.
Traders and investors are focusing on French automotive parts manufacturer Valeo SE as their latest artificial intelligence-related investment play, viewing the struggling company as a potential beneficiary of AI trends in the automotive sector.
ASML Holding NV, the Dutch semiconductor equipment manufacturer, faces scrutiny from the US Commerce Department after warnings that one of its advanced lithography machines may have been exported to China in violation of US export controls. The warning was issued by US Commerce Secretary Howard Lutnick to ASML leadership.
French Parliament adopted legislation to reduce EDF’s control over the hydropower market. The reform aims to resolve tensions with EU regulators and enable significant investment in new power generation capacity across France.
France’s DGSI intelligence agency is replacing US-based Palantir Technologies’ data tools with a French alternative from Chapsvision as part of broader European efforts to reduce dependence on US technology firms.
French AI startup Mistral AI is in discussions to raise €3 billion ($3.5 billion) at a valuation of approximately €20 billion, as it seeks funding to compete in the capital-intensive AI market against US and Chinese competitors.
Executives from Franklin Templeton and BNP Paribas believe that tokenized assets and stablecoins could enhance capital efficiency in Europe as Wall Street continues to expand tokenization initiatives