Canary Wharf Group has received approval from its bondholders to raise new debt, enabling the refinancing of approximately £600 million ($760 million) in maturing notes. The move will address the company's 2026 notes and £350 million in bonds due in April, with plans to roll over other bonds maturing in 2028.
Pakistan is experiencing a significant surge in solar energy adoption, with imports of solar equipment from China reaching $1.7 billion in the first nine months of the year. This investment could generate 17 gigawatts of power, representing over a third of the country's total capacity, as solar panels are deployed on rooftops and farms. However, this rapid expansion poses challenges for the national grid.
A surge in American steel stocks followed former President Donald Trump's victory, with shares of the four largest US steelmakers rising over 10%. Investors anticipate that Trump's win will lead to increased protectionism and a shift in global trade rules, as he pledged to impose more duties on imports that threaten domestic jobs and industrial capacity.
Tether, the $120 billion stablecoin, is experiencing increased usage in Europe, the Middle East, and Africa amid growing scrutiny in the US. Data from Chainalysis reveals a surge in digital wallet activations during late morning to afternoon hours in cities like Moscow, Tehran, Kigali, and Istanbul.
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