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Arab News | Deals worth billions to be signed as UAE leader visits Germany

BERLIN: The leader of the United Arab Emirates began a state visit to Germany on Thursday, during which deals worth billions of euros will be signed in sectors including energy and technology, Emirati diplomats said.

Berlin rolled out the red carpet for Sheikh Mohamed bin Zayed Al-Nahyan, who was received with military honors by President Frank-Walter Steinmeier and was later to meet Chancellor Friedrich Merz.

Security was tight for the visit, with Berlin cordoning off flag-lined streets and deploying large numbers of police.

“Over the course of this visit, the UAE and Germany will make a number of key announcements and multibillion-euro agreements across investment, business, technology, AI and energy,” senior UAE diplomat Lana Nusseibeh said at a briefing ahead of the visit.

The visit comes as the US war against Iran has roiled the Gulf region, with US President Donald Trump’s erratic diplomacy unsettling many midsize powers and leading them to diversify their strategic and economic partnerships.

Merz visited the Gulf region in February, shortly before the US-Israeli war started against Iran. He said then that “we need such partnerships more than ever at a time when major powers are increasingly dominating politics”.

The UAE is Germany’s largest trading partner in the Gulf, with bilateral trade topping $15 billion last year, and many big German companies have a presence there including BMW, Siemens, ThyssenKrupp and rail operator Deutsche Bahn.

The UAE meanwhile has made major investments in Germany, including in the chemical industry and offshore wind power.

During Merz’s visit in February, German energy giant RWE and Abu Dhabi’s national oil company ADNOC signed a memorandum of understanding on LNG imports over the next decade.

Gulf countries have also long bought defense equipment from Germany and have shown interest in start-ups that make drones to bolster NATO’s deterrence efforts against Russia.

Germany, the largest EU economy, supports talks towards a European Union free trade deal with the Emirates.

The group Human Rights Watch called on German leaders during the visit to “publicly call out the United Arab Emirates’ human rights record and its role in regional conflicts”.

No joint press conference was scheduled with Merz and Sheikh Mohamed.

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Gov. Gavin Newsom signed ‘Anaheim Angels’ bill into law. What’s next?

The words “Anaheim Angels” are now enshrined in California law.

Whether the baseball team that calls Angel Stadium home reverts to its hometown name remains to be seen. On Thursday, however, Gov. Gavin Newsom signed into law the “Home Run for Anaheim Act,” a step that elected officials in Orange County consider a significant step in that direction.

The new law, introduced by Assemblyman Avelino Valencia (D-Anaheim), cleared the state legislature without a single vote against it.

The law does not mandate the Angels — playing under a Los Angeles name in Anaheim’s city-owned stadium — revert to the Anaheim Angels name.

For now, in fact, the law does absolutely nothing. On Friday, the Los Angeles Angels play at Angel Stadium.

Instead, the law provides the city with an incentive to dangle before the team. If the Angels — whether under current owner Arte Moreno or a future owner — wish to develop the 150-acre Angel Stadium property, state law would prioritize affordable housing within the site.

In an era where team owners covet the profits from development around stadiums and arenas — including places for fans to eat, drink and shop 365 days a year, not just on game days — the city of Anaheim could seek an exemption from the affordable housing law. That wouldn’t rule out housing on the site, but it would give a team more flexibility to build whatever project might be considered most profitable.

If the city obtains the exemption, the new law says, “then any materials, including, but not limited to, a lease, deed of sale, and promotional or marketing materials, shall refer to that team as the Anaheim Angels.”

Moreno has twice reached deals with the city to develop the land, only to see the city walk away both times. In the last deal, he rejected the city’s request to rename the team the Anaheim Angels.

“We are proud to call Angel Stadium of Anaheim our home,” Angels spokeswoman Marie Garvey said, “and any other comment about the future would be premature.”

Moreno, 80, has shown no public interest in a third negotiation with the city. The Angels’ current stadium lease extends through 2032, and the team has options to extend the lease through 2038.

By year’s end, the city has said it anticipates the release of a long-awaited property assessment, which is expected to show Angel Stadium needs hundreds of millions of dollars in upgrades to remain viable for the long-term. The city and team may not agree on who should pay for them, and real estate development around the stadium could be part of the solution for funding a new or renovated stadium.

The city could use the exemption as leverage in discussions with Moreno or a new owner, although leverage could work both ways.

When Anaheim sued the Angels over the 2005 name change, city-commissioned experts testified in court that the Anaheim name was worth hundreds of millions of dollars to the city over the life of the lease. That could compel an owner to ask the city to contribute to the cost of building a new stadium in exchange for the return of the Anaheim name.

An almost vacant large urban site — an aging stadium surrounded by 130 acres of parking lots, sitting between three freeways and a train station — is rare in Southern California and surely would attract development interest among potential bidders for the Angels.

But any new owner would have one more bit of leverage: Once the Angel Stadium lease expires, the owner would be free to move out of Anaheim.

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QumulusAI outlines 18 MW HPC capacity plan by year-end 2026 as signed contract value reaches $282.5M (NASDAQ:QMLS)

Earnings Call Insights: QumulusAI, Inc. (QMLS) Q2 2026

Management View

  • “This is our first call as a public company,” Michael Maniscalco (Chairman & CEO) said, framing Q2 as a proof point for QumulusAI’s “hyper speed rather than hyperscale” strategy as it “turn[s] signed demand into deployed GPUs.”

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