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Amazon to Raise $5.8 Billion in First Sterling Bond Sale

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Amazon plans to raise £4.25 billion ($5.76 billion) through its first-ever sterling bond sale, exceeding its initial target as strong investor demand supports the debt offering. The move comes as major technology companies seek to diversify funding sources to finance heavy investment in artificial intelligence.

The four-part deal attracted more than £12 billion in demand, allowing Amazon to raise £1.25 billion through three-year bonds and £1 billion each through six-, 12- and 19-year bonds. The company has also tapped euro, Swiss franc and Canadian dollar debt markets as it expands its global funding programme.

Hyperscalers have issued more than $200 billion in debt this year, more than double their total for 2025, according to LSEG data. Amazon’s latest borrowing comes amid growing investor concerns that the rapid pace of AI-related debt issuance could test demand and increase financing costs for large technology companies.

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Google to Invest $15 Billion in Finland for AI and Nuclear Power

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Google will invest at least €13 billion ($15.1 billion) in Finland over the next two years to expand its artificial intelligence infrastructure. The investment will include data centres, electricity grid upgrades, clean energy and battery projects, supporting services such as Gemini, Search, Maps and YouTube.

The technology giant has also signed a 22-year agreement with Finnish utility Fortum to purchase up to 50% of the electricity produced by one of the country’s nuclear power plants. The deal marks Google’s first nuclear energy agreement outside the United States and is intended to provide a reliable source of low-carbon power for its growing data centre operations.

Google said the investment could add about $3.6 billion to Finland’s GDP during the construction phase and support around 7,000 jobs annually once the infrastructure is operational. Finland’s cold climate and access to abundant low-carbon energy are helping attract major technology companies looking for efficient locations for energy-intensive data centres.

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GE Aerospace Bets on Casting to Secure Jet Engine Supply

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GE Aerospace is moving to strengthen its jet engine supply chain through a $12 billion deal to acquire Consolidated Precision Products (CPP), one of the world’s major manufacturers of precision metal castings used in turbine engines. The acquisition is aimed at addressing persistent shortages of critical aerospace components and securing specialist manufacturing expertise that is difficult to replicate.

Castings and forgings have remained major bottlenecks in the aerospace industry since the COVID-19 pandemic, as manufacturers struggle to meet strong demand and long aircraft order backlogs. CPP supplies around a quarter of GE Aerospace’s casting requirements, according to Jefferies, making the company a strategically important part of GE’s production network. Competitors such as Pratt & Whitney and Rolls-Royce are also investing in their own casting capabilities.

The acquisition could help GE improve production efficiency and gain greater control over technology essential to future engine designs. However, the deal is expected to face antitrust scrutiny and could create challenges with other aerospace manufacturers that also rely on CPP. Analysts say GE may be required to sell certain facilities as part of the regulatory process, potentially making the integration more complex.

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Norway Mourns as King Harald Is Laid to Rest

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Norway held the funeral of King Harald V on Wednesday, marking the end of 13 days of national mourning following his death at the age of 89. Large crowds gathered in Oslo as a procession carried his coffin from the royal palace to Oslo Cathedral, accompanied by cannon fire from Akershus Fortress and a nationwide minute of silence.

The funeral was attended by members of European and Asian royal families, including Britain’s Prince William and Princess Anne, Spain’s King Felipe and Queen Letizia, and Denmark’s King Frederik and Queen Mary. Ukraine’s President Volodymyr Zelenskiy also joined the procession, while the United States was represented by Under-Secretary of State Allison Hooker. Queen Sonja and Norway’s new Queen Mette-Marit also attended despite Mette-Marit’s recent health complications.

Harald, who ruled Norway for more than three decades, remained a widely respected and popular monarch known for his inclusive approach. Hundreds of thousands of Norwegians had paid tribute by leaving flowers, candles and flags outside the Royal Palace. Following the funeral, his coffin was taken to the royal crypt at Akershus Fortress, where it was placed alongside those of his parents, formally ending the national mourning period.

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Sweden Offers Cash to Immigrants to Leave Ahead of Election

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Sweden is taking a tougher approach to immigration ahead of its September 13 election, with the government offering foreign-born residents with non-EU residency permits up to 350,000 Swedish crowns (around $37,000) to leave the country. The policy marks a major shift for Sweden, which was once among Europe’s most welcoming countries for asylum seekers. The country received around 163,000 asylum seekers in 2015, but the number had fallen sharply by 2025.

The government says the voluntary “remigration” scheme is part of its broader effort to reduce immigration and address concerns over integration and crime. The programme has a budget of 1.3 billion Swedish crowns and has attracted support from the Sweden Democrats, a far-right party that supports the government in parliament. However, uptake has remained low, with only 171 people accepting the financial offer so far this year. Critics argue the programme is largely symbolic and designed to demonstrate a tougher stance on migration.

The policy has also sparked concern among immigrant communities and civil rights groups. Many immigrants interviewed by Reuters said they had no intention of leaving Sweden, citing their jobs, families, safety and hopes for a better future. The government has introduced other stricter measures, including citizenship tests and changes to residency rules. With opinion polls showing a close race between the governing bloc and the centre-left opposition, immigration remains one of the key issues shaping Sweden’s election debate.

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Renoir Paintings Stolen from French Riviera Museum

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Thieves broke into the Renoir Museum in Cagnes-sur-Mer on the French Riviera early Tuesday and stole two paintings by renowned Impressionist artist Pierre-Auguste Renoir. The burglars entered shortly before 6 a.m. through a hole cut in the museum garden fence, according to local authorities. Two other Renoir paintings taken during the break-in were abandoned in the gardens after police arrived and gave chase.

The stolen works, “Madame Colonna Romano” and “Young Woman at the Well,” belong to Paris’ Musée d’Orsay and were on loan to the Cagnes-sur-Mer museum. The museum, established in Renoir’s former home in 1960, currently displays a collection of his paintings along with sculptures, furniture and photographs. Authorities described the stolen works as effectively priceless because of their cultural and historical value.

The theft comes amid growing concerns over museum security in France and across Europe. Europol recently warned that art robberies are becoming more frequent and violent, with some crimes involving opportunistic groups recruited through social media. The incident follows a major jewellery heist at the Louvre in Paris last year, as well as other recent attacks on French museums.

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Germany Says New Debt Needed to Strengthen Defence

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Germany needs to take on new debt to strengthen its defence and infrastructure, Finance Minister Lars Klingbeil said while defending the government’s 2027 budget. He argued that increased borrowing is necessary to address growing security threats and years of underinvestment. Germany plans to borrow €838.2 billion between 2027 and 2030, while total investment is expected to rise to €117.5 billion in 2027 from €78.9 billion in 2025.

Defence spending is set to increase significantly, with core defence expenditure projected at €109 billion in 2027, up from €82.2 billion in 2026. Including support for Ukraine and other security measures, total defence and security spending will reach €130.1 billion. Klingbeil said the increased spending is intended to protect Germany from potential conflict, amid concerns over Russia and growing cyber and hybrid threats.

The government’s spending plans face political challenges after the far-right Alternative for Germany (AfD) won a state election in Saxony-Anhalt, exposing divisions within the ruling coalition. Klingbeil also defended the investment programme as a way to revive Germany’s weak economy. The economy grew 0.3% in the second quarter, while several economic institutes have raised their growth forecasts for 2026 and 2027, citing stronger government spending.

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Albania Targets Medical Tourism Boom with Affordable Dental Care

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Albania is emerging as a growing destination for dental tourism, with its capital Tirana attracting international patients seeking affordable treatments. The city has nearly 400 dental clinics serving a population of around 600,000, while many clinics now market their services in English and Italian to reach overseas customers. Dental implants typically cost about €600 per tooth, significantly below prices in countries such as the UK, France and Germany.

British patient Anthony Hook travelled to Tirana after becoming interested in the city’s numerous dental clinics and eventually underwent several visits for dental implant treatment. He said Albania appealed to him because of its lower costs and his concerns about reports of complications involving some medical procedures in Turkey. The country’s expanding network of low-cost flights has also made it easier for patients from across Europe to combine treatment with a holiday.

Albanian authorities and healthcare providers see medical tourism as a promising new industry but are also concerned about unregulated operators damaging the sector’s reputation. Prime Minister Edi Rama said the government is considering ways to identify reputable medical tourism providers as international arrivals continue to rise. Alongside dental care, Albania is also attracting visitors for hair transplants, with some clinics employing specialists from Turkey or operating as branches of Turkish businesses.

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Suspected Smugglers Face Trial Over Channel Drowning

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Fourteen men are standing trial in Paris over their alleged involvement in a migrant-smuggling operation linked to the deaths of more than 30 people in the English Channel in November 2021. The tragedy occurred after an overloaded dinghy deflated during the dangerous crossing from northern France to Britain.

French prosecutors allege that Afghan and Iraqi-Kurdish smuggling networks organised the journey from migrant camps near Calais and Grande-Synthe. The defendants face charges including involuntary manslaughter, facilitating illegal immigration as part of an organised group and criminal conspiracy. Two defendants are being tried in absentia.

Twenty-seven bodies were recovered after a fishing vessel alerted emergency services, while at least four people remain missing. Only two migrants survived. A later British inquiry found the deaths could have been avoided and criticised decisions made during the emergency response. The Paris trial is scheduled to continue until September 30.

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Paris Probes Claim Women Were Hidden During Hindu Delegation Visit

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Paris authorities have launched an investigation into allegations that female employees at the Eiffel Tower were asked to move out of sight during a private visit by a Hindu religious delegation over the weekend. The incident reportedly sparked anger among staff, with employees holding a meeting on Monday and delaying the monument’s opening.

The delegation, consisting of around 100 people linked to the Hindu organisation BAPS, visited the Eiffel Tower on Saturday. A union representative alleged that female workers were asked to leave their workstations so that male employees could take their places as the delegation passed through. Eiffel Tower management reportedly apologised to staff following the incident.

Paris Mayor Emmanuel Gregoire said the facts behind the protest must be investigated, while BAPS denied that anyone was prevented from accessing the monument. The organisation said the visit was scheduled at opening time to minimise disruption because of the delegation’s size, and apologised for any “pain or inconvenience” caused. French National Assembly President Yael Braun-Pivet also criticised the reported treatment of women.

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