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Companies & CEOs

Samsung CEO cleared of all charges by South Korea's Supreme Court

Dennis M2 via flickr
The Supreme Court of South Korea has cleared Samsung Electronics Chairman Lee Jae-yong of all allegations concerning accounting fraud and stock manipulation. The decision will conclude a legal conflict that has persisted since Lee succeeded his ill...

TotalEnergies increases production in Q2

Michiel1972
TotalEnergies cautioned that lower oil and LNG prices adversely impacted its results in the second quarter, even with higher production levels. From April to June, hydrocarbon production rose by roughly 2.5% compared to the corresponding period in...

Apple to invest $500 million in rare earth miner MP Materials

Håkan Dahlström
Apple Inc. intends to invest $500 million in MP Materials Corp., the operator of the sole rare earth mine in the U.S., as reported by Fox Business, referencing multiple sources. A formal statement regarding the investment is anticipated to be issued...

Stellantis to stop investing in hydrogen fuel cell JV

2014 - Andy Staniszewski
Stellantis NV, a European automaker, intends to cease its investment in Symbio, a joint venture focused on manufacturing hydrogen fuel cells for vehicles, by 2026. Michelin and Forvia, both part of the joint venture, reported this in reply to a...
Markets & Industries

Australian Woodside and Hyundai to evaluate LNG cooperation opportunities

DennisM2 via flickr
Woodside Energy from Australia has established a memorandum of understanding with Korean firms Hyundai Engineering and Hyundai Glovis to collaborate on LNG project development, along with engineering services and transportation logistics. A joint...

Hong Kong IPO filings hit record high in H1

Wilfredor
The count of firms submitting applications to be listed in Hong Kong reached a record peak in the year's first half. The Hong Kong Stock Exchange (HKEX) reported that 208 issuers sought primary or secondary listings from January to June, surpassing...

London IPO volume in January-June fell to its lowest since 1997

goodfon
According to Bloomberg's estimates, the combined total of initial public offerings in London for January to June 2025 was less than 200 million pounds ($274 million), marking the lowest level since 1997. The biggest IPO in this timeframe was by the...

Saudi Arabia's sovereign wealth fund reduces net profit by 2.5 times in 2024

Juber Al-haddad via flickr
The report from Saudi Arabia's sovereign wealth fund (Public Investment Fund, PIF) indicates a 60% decrease in its net profit for 2024. PIF's net profit was 25.8 billion Saudi riyals ($6.9 billion) last year, compared to 64.4 billion riyals the...
In-depth coverage

Mittelstand, Germany’s Hedge Against Crisis

It’s a stormy weather for Europe's biggest economy right now: Germany is facing a recession as high energy costs are becoming a huge burden, for the country's industrial companies especially. All this would be spelling trouble for the entire region if not for the Mittelstand, a bunch of stable German businesses that keep working hard and inspire others.When it comes to discussions about a Germa...
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World & Politics

EC allocates €131 billion for defense and space investments in 2028-2034

ESA, M. Trovatello
The European Commission (EC) suggested designating over €130 billion in the EU's long-term budget for 2028-2034 towards investments in defense and space industries. This is five times greater than the sum estimated in the existing budget. “We...

China's economy loses $7.6 billion due to natural disasters in the first half of the year

China News Service
According to Shen Zhanli from the Chinese Ministry of Emergency Management, natural disasters in China resulted in economic losses of 54.11 billion yuan ($7.55 billion) in the first half of 2025, as reported by Reuters. The economic loss was 41.9%...

EC announces agreement with Ukraine to combat poverty and homelessness

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The European Commission (EC) greeted Ukraine's joining of the Employment and Social Innovation (EaSI) programme of the European Social Fund Plus (ESF+), “the EU's primary tool for investing in people.” “This week has been significant for Ukraine's...

Macron announces increase in France's defense budget to €64 billion by 2027

NARA & DVIDS Public Domain Archive - GetArchive
French President Emmanuel Macron announced that France's defense spending will increase twofold by 2027 compared to the budget at the time he assumed office in 2017. “The budget will amount to €64 billion, thereby doubling from 2017, and by 2027,...
Management & Strategy

Jaguar Land Rover to lay off up to 500 employees

Hugh Venables
Automobile manufacturer Jaguar Land Rover (JLR) intends to reduce up to 500 management roles in the UK due to the adverse effects of import taxes implemented by the US, as stated by the company. The decrease will reach a maximum of 1.5% of the...

Smirnoff and Guinness maker confirms CEO resignation

Mkorukmez
British Diageo Plc, the largest alcoholic drink company globally, revealed the resignation of its CEO Debra Crew. The company’s press release states that the search for a new CEO has already started. This role will be temporarily occupied by Chief...

Suez: Why Water Is a Vital Issue for Meridiam

Suez: Why Water Is a Vital Issue for Meridiam
In the face of mounting environmental challenges, access to clean, reliable water is no longer just a humanitarian goal, but a fundamental issue of geopolitical stability, health, and economic resilience. It is a shared resource central to life, dignity, and sustainable development. Through Suez, Meridiam is reinforcing its commitment to ethical investment and ecological transition by taking bold steps to address the world’s water crises.

Shareholders criticize Nissan managers for poor results

Ryan Housknecht via flickr
During the yearly meeting of the Japanese car manufacturer Nissan Motor, shareholders strongly criticized the management for unsatisfactory results. For three hours, those attending the meeting voiced their unhappiness over extensive layoffs and...