Category: 3. Business

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Oracle’s shares tumbled 15% on Thursday in response to the company’s quarterly financial results, disclosed the day before.

The business software company, co-founded by Donald Trump ally Larry Ellison, saw roughly $80bn vanish from its value, falling from $630bn to $550bn in market capitalization and fuelling fears of a bubble in artificial intelligence-related stocks. Shares of chipmaker Nvidia, seen as a bellwether for the AI boom, fell after Oracle’s.

The drop extended a 11.5% fall during after-hours trading that followed results showing a lower-than-expected 14% rise in revenues to $16bn (£12bn) in the latest quarter.

Investors were also spooked by Oracle raising forecasts for its already-enormous investment in AI. It expects capital expenditure to jump by 40% to $50bn, with the bulk of the increase aimed at building datacentres.

The company is managing a growing debt pile, with Oracle’s long-term debt having surged 25% over the past 12 months to $99.9bn. Even the cost of insuring its debt rose Thursday as investor confidence in the company waned.

The business posted weaker-than-expected quarterly revenues for the three months to the end of November, as sales at its cloud computing business grew at a slower pace than forecast at 34%.

Investors were also disappointed by a slower than expected 68% growth in revenues from its infrastructure business.

“Frankly, the report was not dramatically bad, but it came to confirm concerns around heavy AI spending, financed by debt, with an unknown timeline for revenue generation,” Ipek Ozkardeskaya, a senior analyst at Swissquote, said.

Continued optimism about the potential for AI technology has led to a leap in company valuations in recent months, but there has been a growing spate of warnings from policymakers and business leaders who say stock market valuations could tumble if investors ended up being disappointed by the progress or adoption of AI technology.

Oracle became an important tech player creating software for Fortune 500 firms around the world, but more recently found strength in cloud computing, having become the fastest-growing competitor to Amazon, Microsoft and Google. The surge in AI has also been a boon to the company, which has entered lucrative deals with the likes of OpenAI, the maker of ChatGPT.

However, there are also growing concerns about how reliant companies are becoming on each other’s financing within the AI ecosystem. Oracle said overnight that its measure of revenue from customer contracts rose by 440% over the past year, but analysts were wary when it emerged that the contracts were driven by new commitments from Meta and Amazon.

“Although these are two solid customers, it will not placate fears that big tech’s AI investments are becoming circular, which leaves it vulnerable to a loss of investor confidence,” Kathleen Brooks, a research director at XTB, said.

“Overall, strong contract growth was not enough to placate fears about AI and the huge amount of [capital expenditure] spending required by companies to build AI infrastructure.”

Other AI and tech-related stocks also slid in after-hours trading after the Oracle results. Nvidia’s share price fell by 1.3%, while Google owner Alphabet fell by 0.3%. In Japan, AI investor SoftBank’s shares fell by 7.7% on Thursday.

Debevoise & Plimpton LLP has advised Manulife Financial Corporation (TSX/NYSE/PSE: MFC) in its U.S. offering of $1 billion aggregate principal amount of 4.986% Senior Notes due 2035. For more information, please see the company’s press release.

The Debevoise team was led by capital markets partners Peter Loughran and Benjamin Pedersen and included associates Brett Edelblum, Paul Lowry and Cindy Tu and law clerk Samantha Hui, and tax partner Daniel Priest and associate Martin Connor.

E-invoicing can cut costs, reduce errors, and speed up payment cycles, delivering benefits from day one. Government figures show e-invoicing can reduce late payments by 20%, save small firms £11,300 a year and deliver a 3% productivity lift. Yet more than half of UK invoices remain non-digital, costing businesses time and money.

Even partial adoption improves cash flow and strengthens customer relationships. With a government roadmap due in 2026, businesses that act now will avoid last-minute disruption and gain immediate advantages through automation, streamlined workflows and flexible digital channels.

Proven solutions for UK firms

Tieto, a leading Nordic technology and software company, is helping UK businesses modernise using its Multichannel platform — already proven in the Nordics where more than 80% of invoices are processed digitally.

“Companies can no longer afford inefficiency,” says Steve Tait, Sales Manager at Tieto Indtech. “Multichannel helps businesses speed up payments, reduce operational costs and strengthen customer loyalty, all while futureproofing their communication strategy.”

Tieto’s Multichannel platform centralises communication, automates document handling, and integrates payment options, enabling faster payments and lower costs in one unified solution.

Key benefits for UK businesses:

• Lower costs: One partner for all communication channels reduces complexity and overhead.
• Faster payments: Integrated payment options encourage quick customer response.
• Higher efficiency: Automation cuts manual work and speeds up processes.
• Better customer experience: Customers choose their preferred communication channel.

For further information, please contact:

Tieto Communications, tel. +358 40 570 4072, news@tietoevry.com

Tieto is a leading software and digital engineering services company with global market reach and capabilities. We provide customers across different industries with mission-critical solutions through our specialized software businesses Tieto Caretech, Tieto Banktech and Tieto Indtech as well as Tieto Tech Consulting business. Our around 15 000 talented vertical software, design, cloud and AI experts are dedicated to empowering our customers to succeed and innovate with latest technology.

Tieto’s annual revenue is approximately EUR 2 billion. The company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs. www.tieto.com

The 2025 edition puts the emphasis on the value of the alliances, stressing the role of organizations that support, promote and implement diversity policies with inclusion as an ethical principle and a driver of innovation. In this sense, BBVA has demonstrated its unwavering commitment through its LGBTI+ diversity policies, the creation of mentoring and support programs for those who need them and by cultivating an inclusive corporate culture that recognizes and values the plurality of identities and experiences.

“For BBVA, diversity and inclusion are not a one-off initiative or a temporary project. They’re part of our corporate culture. We firmly believe that organizations prosper when people can be themselves, without fear or barriers, without their sexual orientation, gender identity or expression limiting their professional development,” said Carlos Pérez Beruete, Head of Culture and Engagement at BBVA. “This award recognizes precisely this commitment: creating work environments where each individual finds a safe space to grow; where equal opportunities are not an aspiration, but a tangible reality; where talent is not labeled, but valued.”

The executive expressed his gratitude for the recognition, underlining the value of our internal networks, those who develop outreach, training and support initiatives, those who dare to tell their stories and those who work every day – visibly or silently – to build a better place.

A role model for inclusive leadership

TORONTO, CANADA (December 11, 2025) – Boats Group (“the Company”), a global provider of online marketplaces for boats and yachts, today announced a strategic growth investment from Canada Pension Plan Investment Board (“CPP Investments”) and General Atlantic, a leading global investor. CPP Investments has committed USD $600 million and will have a co-control interest in Boats Group. As part of the transaction, existing investor Permira has partially realized its investment in Boats Group and will retain a significant minority shareholding, continuing its successful partnership with the Company.

Headquartered in Miami, Florida, Boats Group operates the world’s most trusted online marketplaces for buying and selling boats, including Boat Trader, YachtWorld, and boats.com. For over 30 years, Boats Group has connected boat buyers and sellers at scale. Throughout that time, the Company has consistently been first to market with innovations that move the industry forward.

Sam Blaichman, Managing Director and Head of Direct Private Equity at CPP Investments, said: “Boats Group is a category-defining leader in a market still early in its digital and AI-led evolution. As a long-term investor, we see a compelling opportunity to back a mission-critical platform with strong network effects, a customer-centric business model that delivers clear value to buyers and sellers, and significant runway to broaden its offering and expand globally. We look forward to partnering with General Atlantic, Permira and the management team to support Boats Group in its next phase of growth and believe it will deliver attractive risk-adjusted returns for CPP contributors and beneficiaries.”

In recent years, Boats Group has invested in products and technology that make discovering and buying a boat more effortless and enjoyable, while helping sellers succeed. From a more immersive marketplace to new mobile experiences and intuitive dealer tools, the Company is reimagining the entire journey from discovery to purchase. With AI-powered merchandising, clearer reporting, and smarter workflows, Boats Group is creating a more connected, efficient, and inspiring experience for boating enthusiasts and the broader marine community.

The transaction is expected to close in H1 2026, subject to customary closing conditions.

About CPP Investments

Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Canada Pension Plan Fund in the best interest of the more than 22 million contributors and beneficiaries. In order to build diversified portfolios of assets, we make investments around the world in public equities, private equities, real estate, infrastructure, fixed income and alternative strategies including in partnership with funds. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At September 30, 2025, the Fund totalled C$777.5 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn, Instagram or on X @CPPInvestments.

Around the start of the new year, Kaczyński convened a meeting with his colleagues. They knew how they’d fallen out of client inboxes, but not how to get back in. With another holiday season over the horizon, Kaczyński’s team agreed it was time to ask a third-party deliverability agency for help. The agency performed an audit, then recommended some tough but necessary changes.

Bouncer would need to turn loose subscribers who had stopped engaging. They would create separate subdomains for marketing, transactional and corporate emails so that spam issues in one communication channel couldn’t cascade to others. And instead of blasting out mass emails, they would drip-feed non-time-sensitive sends across multiple days.

Within two or three weeks, the company was able to start communicating with its audience again, and after a few months, it was back to sending at its usual volume. The real test would come in the leadup to Black Friday 2025, when it finally had a chance to recover the sales it had missed out on the previous year.

While some companies revamp their sending strategy to chase better deliverability, others choose the path of least resistance. OutVoice, for example, simply weathered the storm and waited for anti-spam algorithms to move on to another unsuspecting victim. 

After a few months, Study Hall miraculously began appearing in subscribers’ inboxes again—without the phishing warnings that had haunted its previous sends. Diao was relieved that subscribers had stuck around through the rough patch, but he never got the closure he had hoped for. “I’m hoping it doesn’t happen again,” he said. “I don’t know that we’re any more prepared for it than we were before.”

Diao understands that mailbox providers err on the side of caution because they want to protect their users from harm. But he thinks there should be more mechanisms for well-intentioned companies to talk to those services during deliverability emergencies. Ideally, he said, senders would have more avenues—a helpline, for example—to make their case and compel mailbox providers to listen. “If they had the power to just destroy businesses like that, there should really be an appeals process that happens quickly,” he said. 

Still, separating well-meaning senders from bad actors is complicated, Iverson said. Independent anti-spam blocklists and email giants alike are struggling to keep up with spammers, who increasingly use AI and other emerging technologies to evade algorithms. While anti-spam filters sometimes overcorrect and block well-intentioned senders, the alternative might be a return to the early 2000s, when inboxes were flooded with junk. “It does take a lot of work to keep email usable as a good communication ecosystem,” he said. “Even though you can’t see the underside of the duck, there is furious paddling happening to keep this ecosystem working.”

Besides, anti-spam filters might be the wakeup call some organizations need to rethink their sending strategy. “Sometimes I find that they’ve actually done you a service by ringing the alarm,” said Bonar, the deliverability summit cofounder. “Each of those spam complaints or unsubscribes, because you’re doing something wrong, is actually cutting into your bottom line.”

In the crucial weeks ahead of this year’s holiday season, Kaczyński’s spam folder remained refreshingly empty. After cutting its subscriber list by almost half and promoting a sale nearly identical to last year’s—and with the holiday season only half over—the startup had already registered 35% year-over-year growth, compared to 5% the year before. All told, it took nearly a year of scrappy experimentation to get back on track.

“In 2024, we just missed the wave,” Kaczyński said. It’s a completely different picture this time. “All the knowledge, experience, safeguards and routines that we have right now, plus really good, stable base deliverability, will let us ride the wave during the busiest time of the year.”