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Companies & CEOs

Bloomberg learns of Uber layoffs due to AI implementation

Bloomberg learns of Uber layoffs due to AI implementation
Uber Technologies has reduced its customer and driver support team by 10% as a result of adopting artificial intelligence and a worldwide organizational streamlining initiative, Bloomberg reports, referencing an internal memo. Megha Yethatika, vice...

AMD to invest up to $5 billion in Anthropic as part of chip deal

AMD to invest up to $5 billion in Anthropic as part of chip deal
Chip producer Advanced Micro Devices (AMD) has committed to investing as much as $5 billion in Anthropic as a component of a chip agreement, according to the company’s press service. According to The Wall Street Journal (WSJ), this marks AMD's...

Samsung opens Robotics division

Samsung opens Robotics division
Samsung Electronics of South Korea is creating a division to enhance robotics development and its commercialization, the company revealed. The robotics unit will be named RX (Robotics eXperience) and will directly report to the CEO of Samsung. The...

Court halts merger of Paramount and Warner Bros. Discovery for two weeks

Court halts merger of Paramount and Warner Bros. Discovery for two weeks
U.S. District Court Judge Araceli Martinez-Olguin in Oakland, California, has directed Paramount Skydance and Warner Bros. Discovery (WBD) to pause the finalization of their merger for 14 days, according to Bloomberg. The businesses anticipated...
Markets & Industries

EU will review its rules for foreign acquisitions of airlines

EU will review its rules for foreign acquisitions of airlines
The European Union is updating its airline ownership regulations to stop foreign investors from taking control of airlines, Reuters stated, referencing an unnamed official from Europe. The evaluation arises as two U.S. investment firms compete for...

Goldman Sachs expects Brent oil prices to reach $120 per barrel due to US-Iran war

Goldman Sachs expects Brent oil prices to reach $120 per barrel due to US-Iran war
Goldman Sachs analysts suggest that if disruptions in the Strait of Hormuz continue, Brent crude oil prices might surpass $120 per barrel by the fourth quarter of 2026. The analysts remarked that the rise in Middle Eastern tensions and the reduction...

Bookmakers earn record money from the World Cup

Bookmakers earn record money from the World Cup
The magnitude of wagering on the 2026 World Cup is unparalleled. Macquarie estimates that more than $50 billion has been bet on the tournament globally, making it the biggest betting event ever, exceeding both Qatar 2022 and the record-setting Super...

Energy infrastructure IPOs hits record in the first half 2026 amid AI boom

Energy infrastructure IPOs hits record in the first half 2026 amid AI boom
This year, energy infrastructure firms are raising capital through IPOs, leveraging investor enthusiasm for assets viewed as attractive due to the surge in energy-heavy data centers for AI advancement, as reported by the Financial Times. As reported...
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

Germany faces fivefold increase in imported gas prices

Germany faces fivefold increase in imported gas prices
As a result of heightened tensions in the Middle East and the halt in energy supplies from Russia, Germany must pay five times the amount for gas compared to 2020, as reported by the Berliner Zeitung. Fuel prices at the German border are now...

FT estimates US revenue from Venezuelan oil sales in 2026 at over $13 billion

FT estimates US revenue from Venezuelan oil sales in 2026 at over $13 billion
According to calculations by The Financial Times, the US government generated more than $13 billion in 2026 from exporting oil extracted in Venezuela. The report stated that the administration offered minimal details regarding the allocation of this...

France bans social media for children under 15

France bans social media for children under 15
The French Parliament has sanctioned a prohibition on social media usage for those under 15 years old, according to Reuters. France is the first country in the European Union to implement this type of restriction. On July 21, the legislation...

UK Prime Minister Burnham appoints his cabinet ministers

UK Prime Minister Burnham appoints his cabinet ministers
The Prime Minister's Office announced that new UK Prime Minister Andy Burnham has established his cabinet. John Healey, who was Defence Secretary from 2024 until recently, will take on the role of Chancellor of the Exchequer. He stepped down in June...
Management & Strategy

Intel plans job cuts in data center division

Intel plans job cuts in data center division
Intel Corp., a top manufacturer of computer components globally, is reportedly planning another wave of layoffs, according to CNBC, referencing a company representative. Intel has reduced around 5,000 jobs in the U.S., mainly in California and...

British authorities will oblige banks to train employees in AI

British authorities will oblige banks to train employees in AI
The UK Treasury is developing a "skills compact" that will mandate the top banks in the country to reskill their workforce to handle the "artificial intelligence revolution." The Guardian reports that new guidelines from the Treasury might be...

Heineken appoints outside director for the first time in its history

Heineken appoints outside director for the first time in its history
Heineken has named Rafael Oliveira, the CEO of coffee firm JDE Peet's, as its first-ever CEO, according to the Financial Times. This marks the first instance in the history of the Dutch brewery where an external director has been named CEO....

BBC to cut 550 jobs

BBC to cut 550 jobs
The BBC has announced that it will eliminate 550 positions. The job cuts will also impact the news and content divisions. Certain outdated programs will be shut down, and groups will be merged. The steps revealed on Wednesday will lower yearly...