SCOTLAND HALTS DATACENTRE EXPANSION AMID PUBLIC BACKLASH
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Scotland's government is moving toward a moratorium on new datacentre developments after unprecedented public opposition. A proposed megaproject in Auchtertool, Fife—set to be the world's second-largest datacentre—has generated 1,600 objections.
■ MORE FROM THE BUSINESS DESK
Zoom reported second-quarter revenue of $1.28 billion, exceeding analyst estimates of $1.27 billion with 4.9% year-over-year growth. However, the company's Q3 earnings forecast fell short of expectations.
The Department of Homeland Security announced a dramatic fee increase for H-1B visas, while the State Department simultaneously moved to revoke visas for up to 200,000 asylum seekers in what would be the largest mass visa revocation in U.S. history.
Zoom Communications delivered a quarterly sales forecast that matched analyst expectations, failing to excite investors who anticipated stronger growth from its newly expanded product lineup.
U.S. clean energy capacity is set to reach record growth despite efforts to restrict the sector. S&P Global Energy projects a 45GW capacity increase this year.