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Financial Times reports Evonik rejected a €10.3bn takeover offer from BASF.

2026-09-28

Financial Times reports Evonik rejected a €10.3bn takeover offer from BASF.

Other News
2026-09-28

Spot gold fell 0.5% on the day, currently trading at $4,264 per ounce.

Spot gold fell 0.5% on the day, currently trading at $4,264 per ounce.
2026-09-28

1. Morgan Stanley's chip sales forecast implies that global data center power demand will reach 257GW in 2028 and 378GW in 2029. The US power deficit for 2026-28 will reach 57GW (including data centers under construction and grid capacity). Even cons

1. Morgan Stanley's chip sales forecast implies that global data center power demand will reach 257GW in 2028 and 378GW in 2029. The US power deficit for 2026-28 will reach 57GW (including data centers under construction and grid capacity). Even considering "fast-upgrading" solutions such as self-supplied gas, fuel cells, and co-located nuclear power plants, there will still be a shortage of 33GW, equivalent to 34% of the required power. 2. Next-generation AI chips will see a significant increase in power consumption. NVIDIA's Vera Rubin rack power consumption will increase from 149kW to 234kW, and Rubin Ultra from 415kW to 600kW. While computing power increases, network, memory, and cooling loads also increase, and power constraints will not disappear due to improved energy efficiency. Grid connection queues have reached 5-7 years, and community opposition and rising electricity prices further delay projects.
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