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Airbus confirms offer worth up to €1.8bn for Atos cyber security unit

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Airbus confirms offer worth up to €1.8bn for Atos cyber security unit

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Airbus is working on an offer worth up to €1.8bn for Atos’s prized big data and cyber security unit, as the French IT services company seeks to restructure and cut its debt load.

Atos announced on Wednesday that it had opened a due diligence process with the aerospace and defence company, confirming earlier reports from the Financial Times. An offer would place an enterprise value of between €1.5bn and €1.8bn on BDS, the French group’s big data and security unit, it said.

Atos’s negotiations to sell BDS mark a change in strategic direction under recently appointed chair Jean Pierre Mustier, as he works to find a solution to how the company deals with €2.25bn in debt that matures by 2025.  

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Atos shares rose as much as 8 per cent on Wednesday morning, but have slumped by 90 per cent in the past three years to a market value of €850mn. Standard & Poor’s downgraded the company’s credit rating in November citing increased liquidity risks.

Airbus has made no secret of its ambitions to expand its cyber activities. Airbus chief executive Guillaume Faury told the FT in November that the Toulouse-based company wanted to “grow in cyber”. 

Airbus said it had submitted a non-binding proposal to buy the unit. The acquisition could “significantly accelerate” its “digital transformation . . .[and] enhance the company’s defence and security portfolio with strong capabilities in cyber, advanced computing and artificial intelligence”, it said. 

The talks between Atos and Airbus for BDS are not exclusive, people familiar with the matter said. Atos said on Wednesday that it had received two expressions of interest for BDS, one of which concerned only part of the division, without disclosing the name of the other party.

French defence electronics group Thales, which has jet-fighter maker Dassault Aviation as its biggest shareholder, has been interested in BDS in the past as part of its effort to expand its cyber security business.

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Thales has been considering its options in recent weeks, one person briefed on the situation said. Thales did not respond to a request for comment. 

Airbus had been in talks last year to buy a minority stake in Atos’s Evidian division, which contains BDS and the French company’s cloud computing business. However, it pulled out after hedge fund manager Chris Hohn, whose fund TCI is one of the plane maker’s largest shareholders, objected to the plan.

At the time, people close to Airbus said it withdrew because it decided that buying a roughly 30 per cent stake would have been costly while not giving it much say over how Evidian was run.

Mustier’s predecessor as Atos chair, Bertrand Meunier, had resisted selling off parts of Atos to pay down debt, instead prioritising a plan to split the company into two.

He reached an agreement on selling Atos’s lossmaking legacy IT services business Tech Foundations to Czech billionaire Daniel Křetínský. The rest of Atos, using the name Evidian, would have remained listed, with Křetínský anchoring a €900mn capital raise that would have given him a 7.5 per cent stake. 

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However, many shareholders opposed the terms of the deal with Křetínský, arguing he was paying too little for Tech Foundations. Some politicians also objected to the idea of a foreign shareholder owning part of Evidian, which has technology that is used in France’s nuclear weapons arsenal. 

Under Mustier’s leadership, Atos is now renegotiating the terms of the agreement with Křetínský.

Atos indicated on Wednesday that the renegotiations were taking longer than expected, and were not guaranteed to end in an agreement. It also said the scale of the capital raise in Evidian would be reduced as it examined the “legal and financial conditions under which [Křetínský] could be released, in whole or in part, from its commitment to participate”.

Atos chief financial officer Paul Saleh said on Wednesday that talks with Křetínský were taking “a bit longer than expected”, and centred around the price and the structure of the operation, as well as the transfer of the liabilities attached to Tech Foundations.

People close to Křetínský have said talks would focus on him not being part of the Evidian leg of the deal. “This is a discussion we are happy to have and all the players are all more or less aligned on that,” said a person close to the Czech businessman. 

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Atos confirmed it was in talks with its banks to refinance its debt, including through asset sales of which BDS would be a part. The company was weighing selling assets “well beyond the €400mn mentioned in the press release of July 28 2023, in order to honour its financing obligations”, it said.

It added that if the transaction with Křetínský fell through, it would consider additional sales.

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Amazon accused of listing products from independent shops without permission

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Amazon accused of listing products from independent shops without permission

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Amazon has been accused of listing products from independent retailers without their consent, even as the ecommerce giant sues start-up Perplexity over its AI software shopping without permission.

The $2.5tn online retailer has listed some independent shops’ full inventory on its platform without seeking permission, four business owners told the Financial Times, enabling customers to shop through Amazon rather than buy directly.

Two independent retailers told the FT that they had also received orders for products that were either out of stock or were mispriced and mislabelled by Amazon leading to customer complaints.

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“Nobody opted into this,” said Angie Chua, owner of Bobo Design Studio, a stationery store based in Los Angeles.

Tech companies are experimenting with artificial intelligence “agents” that can perform tasks like shopping autonomously based on user instructions.

Amazon has blocked agents from Anthropic, Google, OpenAI and a host of other AI start-ups from its website.

It filed a lawsuit in November against Perplexity, whose Comet browser was making purchases on Amazon on behalf of users, alleging that the company’s actions risked undermining user privacy and violated its terms of service.

In its complaint, Amazon said Perplexity had taken steps “without prior notice to Amazon and without authorisation” and that it degraded a customer shopping experience it had invested in over several decades.

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Perplexity in a statement at the time said that the lawsuit was a “bully tactic” aimed at scaring “disruptive companies like Perplexity” from improving customers’ experience.

The recent complaints against Amazon relate to its “Buy for Me” function, launched last April, which lets some customers purchase items that are not listed with Amazon but on other retailers’ sites.

Retailers said Amazon did not seek their permission before sending them orders that were placed on the ecommerce site. They do not receive the user’s email address or other information that might be helpful for generating future sales, several sellers told the FT.

“We consciously avoid Amazon because our business is rooted in community and building a relationship with customers,” Chua said. “I don’t know who these customers are.”

Several of the independent retailers said Amazon’s move had led to poor experiences for customers, or hurt their business.

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Sarah Hitchcock Burzio, the owner of Hitchcock Paper Co. in Virginia, said that Amazon had mislabelled items leading to a surge in orders as customers believed they were receiving more expensive versions of a product at a much lower price.

“There were no guardrails set up so when there were issues there was nobody I could go to,” she said.

Product returns and complaints for the “Buy for Me” function are handled by sellers rather than Amazon, even when errors are produced by the Seattle-based group.

Amazon enables sellers to opt out of the service by contacting the company on a specific email address.

Amazon said: “Shop Direct and Buy for Me are programmes we’re testing that help customers discover brands and products not currently sold in Amazon’s store, while helping businesses reach new customers and drive incremental sales.

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“We have received positive feedback on these programmes. Businesses can opt out at any time.”

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Trump says Venezuela will turn over 30 million to 50 million barrels of oil to US | CNN Business

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Trump says Venezuela will turn over 30 million to 50 million barrels of oil to US | CNN Business

President Donald Trump said Tuesday night that Venezuela will turn over 30 million to 50 million barrels of oil to the United States, to be sold at market value and with the proceeds controlled by the US.

Interim authorities in Venezuela will turn over “sanctioned oil” Trump said on Truth Social.

The US will use the proceeds “to benefit the people of Venezuela and the United States!” he wrote.

Energy Secretary Chris Wright has been directed to “execute this plan, immediately,” and the barrels “will be taken by storage ships, and brought directly to unloading docks in the United States.”

CNN has reached out to the White House for more information.

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A senior administration official, speaking under condition of anonymity, told CNN that the oil has already been produced and put in barrels. The majority of it is currently on boats and will now go to US facilities in the Gulf to be refined.

Although 30 to 50 million barrels of oil sounds like a lot, the United States consumed just over 20 million barrels of oil per day over the past month.

That amount may lower oil prices a bit, but it probably won’t lower Americans’ gas prices that much: Former President Joe Biden released about four to six times as much — 180 million barrels of oil — from the US Strategic Petroleum Reserve in 2022, which lowered gas prices by only between 13 cents and 31 cents a gallon over the course of four months, according to a Treasury Department analysis.

US oil fell about $1 a barrel, or just under 2%, to $56, immediately after Trump made his announcement on Truth Social.

Selling up to 50 million barrels could raise quite a bit of revenue: Venezuelan oil is currently trading at $55 per barrel, so if the United States can find buyers willing to pay market price, it could raise between $1.65 billion and $2.75 billion from the sale.

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Venezuela has built up significant stockpiles of crude over since the United States began its oil embargo late last year. But handing over that much oil to the United States may deplete Venezuela’s own oil reserves.

The oil is almost certainly coming from both its onshore storage and some of the seized tankers that were transporting oil: The country has about 48 million barrels of storage capacity and was nearly full, according to Phil Flynn, senior market analyst at the Price Futures Group. The tankers were transporting about 15 million to 22 million barrels of oil, according to industry estimates.

It’s unclear over what time period Venezuela will hand over the oil to the United States.

The senior administration official said the transfer would happen quickly because Venezuela’s crude is very heavy, which means it can’t be stored for long.

But crude does not go bad if it is not refined in a certain amount of time, said Andrew Lipow, the president of Lipow Oil Associates, in a note. “It has sat underground for hundreds of millions of years. In fact, much of the oil in the Strategic Petroleum Reserve has been around for decades,” he wrote.

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Video: Nvidia Shows Off New A.I. Chip at CES

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Video: Nvidia Shows Off New A.I. Chip at CES

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Nvidia Shows Off New A.I. Chip at CES

At the annual tech conference, CES, Nvidia showed off a new A.I. chip, known as Vera Rubin, which is more efficient and powerful than previous generations of chips.

This is the Vera CPU. This is one CPU. This is groundbreaking work. I would not be surprised if the industry would like us to make this format and this structure an industry standard in the future. Today, we’re announcing Alpamayo, the world’s first thinking, reasoning autonomous vehicle A.I.

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At the annual tech conference, CES, Nvidia showed off a new A.I. chip, known as Vera Rubin, which is more efficient and powerful than previous generations of chips.

By Jiawei Wang

January 6, 2026

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