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12 hours ago | 
techmonitor.ai | Swagath Bandhakavi
Toshiba Europe has successfully sent messages using quantum key distribution (QKD) across a commercial fibre network, in what the company claims is the first time such complex data has been sent in such a setting using the technique. The trial in Germany, which witnessed the firm send data across a distance of 254km, marks a key validation of QKD over standard telecommunications infrastructure.
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17 hours ago | 
financedirectoreurope.com | Swagath Bandhakavi
Komercijalna Banka AD Skopje has entered into a partnership with Oracle to deploy its Oracle Banking Payments platform, targeting a modernisation of the bank’s payment infrastructure and digital service offerings. The initiative is expected to streamline domestic and cross-border transaction processing while aligning with global regulatory frameworks.
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17 hours ago | 
banking-gateway.com | Swagath Bandhakavi
Columbia Banking System, the holding company of Umpqua Bank, has announced the acquisition of Pacific Premier Bancorp, in an all-stock transaction worth around $2bn. Pacific Premier Bancorp is the parent company of Pacific Premier Bank. The deal aims to form a regional banking institution with approximately $70bn in total assets. It positions the combined company as a major financial services provider across key markets in the Western US.
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19 hours ago | 
techmonitor.ai | Swagath Bandhakavi
SK hynix has reported a 158% year-on-year rise in first-quarter (Q1 2025) operating profit to $5.2bn, supported by increased demand for AI memory solutions. The performance marked the company’s second-best quarterly result, driven by sales of advanced high-bandwidth memory (HBM) and DDR5 DRAM modules. Total revenue for Q1 2025 rose 42% to $12.3bn, while net profit reached $5.7bn.
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1 day ago | 
banking-gateway.com | Swagath Bandhakavi
National Bank of Canada (the “Bank”) (TSX: NA) announced it has reached an agreement to acquire all shares of PGM Global Holdings Inc., the parent company of PGM Global Inc., a Montreal-based provider of institutional trading services catering mostly to North American clients. PGM Global will bring capabilities that complement and enhance National Bank Independent Network’s (“NBIN”) existing service offering.
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1 day ago | 
techmonitor.ai | Swagath Bandhakavi
Intel is reportedly set to reduce its global workforce by more than one-fifth, affecting over 20,000 roles, as part of a wide-ranging cost rationalisation and organisational overhaul. According to reporting by Bloomberg News, the layoffs are scheduled to be announced this week, marking one of the largest workforce reductions in the company’s recent history. This development follows a prior job cut of around 15,000 positions in 2024.
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1 day ago | 
worldpharmaceuticals.net | Swagath Bandhakavi
Switzerland-based Roche has announced plans to invest $50bn in the US over the next five years, in a move to reinforce its presence in the country across both its pharmaceuticals and diagnostics divisions. The decision is expected to create over 12,000 new jobs, including approximately 6,500 in construction and 1,000 within new and expanded company facilities.
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1 day ago | 
financedirectoreurope.com | Swagath Bandhakavi
ICICI Securities, a subsidiary of Indian lender ICICI Bank, has entered into a partnership with Tata Consultancy Services (TCS) to overhaul its retail trading and brokerage platform. The initiative seeks to strengthen the financial services company’s digital infrastructure by adopting the trading solution from the TCS BaNCS suite. The deployment of the TCS BaNCS trading system is expected to improve operational agility and streamline the firm’s brokerage processes.
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1 day ago | 
nsenergybusiness.com | Swagath Bandhakavi
EQT has agreed to acquire the upstream and midstream assets of Olympus Energy, Hyperion Midstream, and Bow & Arrow Land, collectively referred to as Olympus Energy, in a move to strengthen its operations in the Marcellus Shale in the US. The acquisition is valued at $1.8bn and comprises a mix of EQT common stock and cash.
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1 day ago | 
financedirectoreurope.com | Swagath Bandhakavi
Japanese lender Mitsubishi UFJ Bank has adopted Oracle’s Exadata Database Machine to modernise the technology infrastructure supporting its online banking platform, Mitsubishi UFJ Direct. The bank’s latest upgrade forms part of its broader push to scale digital capabilities and improve system performance for over 10 million users. As part of the infrastructure overhaul, Mitsubishi UFJ Bank has implemented a hybrid cloud architecture supported by Oracle’s enterprise technology.
