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NYSE:MT News 24 November 2025

Lakshmi Mittal Quits UK for Switzerland and Dubai: Naïa Island, Labour’s Tax Shock and the New Billionaire Flight

Lakshmi Mittal Quits UK for Switzerland and Dubai: Naïa Island, Labour’s Tax Shock and the New Billionaire Flight

London/Dubai – 24 November 2025 — Lakshmi N Mittal, the Indian‑origin “King of Steel” and for years one of Britain’s richest residents, has now formally joined the growing billionaire exodus from the UK. After nearly three decades in London, Mittal has shifted his tax residence to Switzerland and is expected to spend much of his time in Dubai, where he already owns a mansion and has bought plots on the ultra‑exclusive Naïa Island, according to multiple media reports citing advisers and sources close to the family. The Times His move, widely reported today across UK, Indian and Gulf outlets, comes
24 November 2025

Stock Market Today

Data Center Stocks Surge Into the Weekend: Digital Realty, Equinix and Vertiv Set Up a Big Week Ahead

Data Center Stocks Surge Into the Weekend: Digital Realty, Equinix and Vertiv Set Up a Big Week Ahead

7 February 2026
Digital Realty, Equinix, and Vertiv shares surged Friday, with Vertiv up 10% and Digital Realty rising 4.1%, as investors rotated back into AI-linked data center stocks. The move followed Amazon’s $200 billion and Alphabet’s $175–185 billion 2026 capex targets. Digital Realty set 2026 core FFO guidance at $7.90 to $8.00 per share. Wall Street ended the week broadly higher, led by chipmakers.
Quantum computing stocks bounce hard: IonQ, Rigetti, D‑Wave rally as traders reset for a data-heavy week

Quantum computing stocks bounce hard: IonQ, Rigetti, D‑Wave rally as traders reset for a data-heavy week

7 February 2026
IonQ, Rigetti, D‑Wave, and Quantum Computing Inc shares surged 15–21 percent Friday, erasing losses from the previous session. The rebound followed a Wall Street rally that sent the Dow above 50,000 for the first time. IonQ remains under scrutiny after a short-seller report questioned its Pentagon contract revenue. Investors await delayed U.S. jobs and inflation data next week.
Defense and space stocks rally, but Trump’s buyback-dividend squeeze is the next test

Defense and space stocks rally, but Trump’s buyback-dividend squeeze is the next test

7 February 2026
U.S. space and defense stocks rose Friday, with sector ETFs gaining up to 4.8% and Lockheed Martin up 2.4%. Investors are awaiting a Pentagon list that could restrict buybacks and dividends at underperforming contractors under a Trump executive order. Companies named would have 15 days to submit remediation plans. Lockheed’s board approved a $3.45 per share dividend for Q1 2026.
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