BusinessMining

Cleveland-Cliffs Explores Rare Earth Mining Venture, Shares Surge on Strategic Shift

Cleveland-Cliffs is reportedly investigating rare earth mining opportunities at sites in Michigan and Minnesota. The steelmaker’s shares jumped approximately 17% following the announcement. This strategic move could support U.S. efforts to reduce dependence on foreign critical minerals.

Strategic Expansion into Critical Minerals

Cleveland-Cliffs Inc., a major American steel mill operator, is reportedly exploring the development of a rare earth mining business, according to statements from company leadership. CEO Lourenco Goncalves informed investors Monday that geological surveys at two company-owned sites in Michigan and Minnesota have revealed indications of rare earth elements, sources indicate.

AIStartups

AI-Powered Advertising Platform AdsGency Secures $12M Seed Funding to Automate Multi-Channel Campaigns

San Francisco startup AdsGency has raised $12 million in seed funding to develop its AI-powered advertising automation platform. The company aims to extend Meta’s vision of fully automated advertising to multiple digital platforms including Google and TikTok.

AI Advertising Platform Attracts Major Investment

San Francisco-based startup AdsGency has reportedly secured $12 million in seed funding to advance its artificial intelligence-driven advertising platform, according to recent reports. The funding round was led by XYZ Venture Capital with participation from Streamlined Ventures, HF0, and Hat-Trick Capital.

AIEnvironment

Donegal Startup Deploys AI to Streamline Environmental Approvals for Renewable Energy

A Donegal-based startup is tackling one of the biggest bottlenecks in the renewable energy sector: slow environmental approvals. Canavan Atlantic uses a hybrid AI platform to automate environmental impact assessments, helping projects move from concept to construction faster.

AI-Powered Environmental Intelligence

A new startup from Donegal is reportedly using artificial intelligence to transform the traditionally slow and manual process of environmental compliance. According to reports, Canavan Atlantic aims to “make environmental intelligence a core part of how the world builds” by automating environmental impact assessments (EIAs), which are mandatory for large-scale projects.

AcquisitionsBusiness

L’Oreal Acquires Kering’s Beauty Portfolio in €4 Billion Strategic Expansion

In a major luxury sector consolidation, L’Oreal has agreed to acquire Kering’s beauty business for €4 billion. The deal includes the prestigious Creed fragrance house and licensing rights for Gucci, Bottega Veneta, and Balenciaga beauty products, according to company announcements.

Major Luxury Beauty Acquisition

French beauty conglomerate L’Oreal has reached a definitive agreement to acquire the beauty division of rival French company Kering in a transaction valued at €4 billion ($4.66 billion), according to reports released Sunday. The all-cash deal represents one of the most significant consolidations in the luxury goods sector in recent years and is expected to close during the first half of 2026.

CloudTechnology

Major AWS Outage Disrupts Internet Services, Highlights Cloud Infrastructure Vulnerabilities

A significant Amazon Web Services outage disrupted numerous websites, applications, and online services Monday morning. The incident, centered in the US-EAST-1 region, caused widespread connectivity issues affecting major platforms including Disney+, Reddit, and Fortnite.

Widespread Internet Disruption Following AWS Outage

A major Amazon Web Services outage on Monday morning caused significant disruptions across numerous websites, applications, and online services, according to reports. The incident, which began in the early morning hours, affected the US-EAST-1 region and created a cascade of connectivity issues that persisted for several hours.