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Companies & CEOs

Authentic Brands and CVC interested in Puma, expressing interest in Pinault family stake

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Authentic Brands, the American retail conglomerate that owns Reebok, along with investment firm CVC Capital Partners, is reportedly looking to purchase the German sportswear company Puma, as per Manager Magazin. Authentic Brands CEO Jamie Salter and...

TikTok's American division may be sold to a consortium involving Oracle

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The American branch of the social media platform TikTok could be acquired by a group of investors that includes Oracle Corp., according to The Wall Street Journal, referencing sources. The report states that the division will be separated into a...

Starbucks may sell control of China business by end of October

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Investment firms Carlyle Group and EQT, along with China's HongShan Capital Group and Boyu Capital, are finalizing their bids to acquire a majority share of the Chinese branch of Starbucks Corp., according to Reuters. As per the agency's sources,...

Hyundai delays US plant construction after anti-immigration raid

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The establishment of a battery facility in Georgia, USA, collaboratively managed by South Korean firms Hyundai Motor Group and LG Energy Solution, has faced several months of postponement following an immigration enforcement operation at the...
Markets & Industries

American companies to invest over $200 billion in the UK economy

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The Prime Minister's Office announced on Thursday that American firms will make a historic investment of £150 billion ($204 billion) in the UK during US President Donald Trump's state visit to London. The primary investments will originate from...

China bans companies from purchasing AI chips

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The Cyberspace Administration of China (CAC) has prohibited major tech firms from acquiring Nvidia Corp. chips intended for artificial intelligence, according to the Financial Times, which referenced three sources aware of the situation. Sources...

ECB raises eurozone inflation forecast for 2025-2026

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The European Central Bank announced following its September meeting that consumer prices in the eurozone will rise by 2.1% in 2025 and by 1.7% in 2026. Three months prior, the regulator estimated the first number at 2%, the second at 1.6%. In...

Deutsche Bank, Barclays improve forecasts for the S&P 500 index

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Analysts at Deutsche Bank and Barclays have raised their predictions for the U.S. stock index S&P 500. Deutsche Bank currently anticipates it will hit 7,000 points by year-end, up from its earlier expectation of 6,550 points. The S&P 500 ended...
In-depth coverage

European Tech Sovereignty: Europe Enters the Era of Exascale with the Inauguration of the Jupiter Supercomputer

Europe has taken a giant leap in technological development and supercomputing sovereignty with the launch of its first exascale computer in Germany. JUPITER, built using American chips but set to develop further with the integration of European microprocessors in 2026, is capable of performing over one quintillion (10¹⁸) operations per second, immediately cementing its place as Europe’s mos...
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World & Politics

Kallas confirms EC plans to impose restrictions on trade with Israel

Alexis HAULOT
EU Foreign Minister Kaja Kallas verified in a discussion with Euronews the European Commission's (EC) intentions to halt trade clauses of the Association Agreement with Israel due to military activities in the Gaza Strip and Israeli actions in the...

EU condemns Jerusalem attack

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The EU demands an end to violence in Israeli-Palestinian relations and condemns the assault on civilians in Jerusalem, said Anouar El Anouni, spokesperson for EU Foreign Minister Kaja Kallas, during a briefing. “We denounce this assault, just as we...

Ishiba confirms he decided to step down as Japan's prime minister

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Shigeru Ishiba has announced his decision to resign as Japan's prime minister and head of the Liberal Democratic Party (LDP), stating that he delayed this move due to the necessity of addressing the issue with US tariffs. “Who would genuinely engage...

Kallas announces that EU countries will increase defense spending by €2 trillion by 2031

European Parliament
EU countries aim to assign extra €2 trillion for defense expenses by 2031, stated EU Foreign Minister Kaja Kallas on Wednesday. “Europe has initiated the most extensive military initiative in contemporary history. Starting now, an extra two trillion...
Management & Strategy

PwC's UK business headcount falls by 2,300 in a year

Vlad Yaitskiy via flickr
According to the audit and consulting firm, PwC's UK workforce decreased to around 33,700 from 36,000 during July 2024 to June 2025. PwC acknowledged the "challenging choice to reduce staff in certain sectors," but did not detail the extent of the...

UK companies are cutting jobs at the fastest pace since 2021

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According to the Bank of England, UK businesses are reducing positions at the quickest rate since 2021 and providing the bleakest employment outlooks since the pandemic began. UK firms reduced their employee count by 0.5% year-on-year from June to...

Rio Tinto splits business into three segments, announces management changes

Rio Tinto splits business into three segments, announces management changes
Australian miner Rio Tinto is restructuring its operations and dividing them into three segments, the company announced in a statement. Rio Tinto will now feature a segment for iron ore, a segment for copper, and a segment for aluminum and lithium....

BP plans to cut at least 15% of office staff

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BP plc is set to undertake a new assessment of its operations and expenses, aiming to reduce its office workforce by at least 15%, according to the Financial Times. This follows just months after its recent strategic revamp faced a lukewarm response...