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Companies & CEOs

Tencent and Alibaba discuss investment in DeepSeek, valued at $20 billion

Tencent and Alibaba discuss investment in DeepSeek, valued at $20 billion
Chinese technology giants Tencent Holdings Ltd. and Alibaba Group Holding Ltd. are negotiating to invest in the AI startup DeepSeek, according to The Information. Sources for the publication indicate that the terms being discussed imply a valuation...

Eli Lilly to acquire biotech Kelonia for up to $7 billion

Eli Lilly to acquire biotech Kelonia for up to $7 billion
American pharmaceutical company Eli Lilly has finalized a deal to purchase biotech firm Kelonia Therapeutics, as stated in a joint press statement. Kelonia shareholders will obtain $3.25 billion right away and up to $3.75 billion depending on the...

Reuters estimates Tesla saved $400 million due to foreign tax maneuver

Reuters estimates Tesla saved $400 million due to foreign tax maneuver
Tesla, the electric vehicle manufacturer founded by Elon Musk, currently the wealthiest individual globally with a net worth of $795.7 billion as of April 20, might have utilized international frameworks to lower U.S. taxes, resulting in savings of...

OpenAI halts construction of its Stargate UK data center

OpenAI halts construction of its Stargate UK data center
The Financial Times reports that the American firm OpenAI has suspended its main AI infrastructure initiative in the UK, known as Stargate UK. The firm mentioned elevated energy expenses and regulatory ambiguity as reasons for the choice. The data...
Markets & Industries

European Commissioner for Energy calls to get ready for long-term energy crisis

European Commissioner for Energy calls to get ready for long-term energy crisis
European Commissioner for Energy Dan Jørgensen forecasted the enduring effects and uncertainties of the energy crisis while assuring the protection of the most at-risk citizens in the European Union and sectors of the EU economy. "Since the onset of...

JPMorgan raises S&P 500 year-end forecast to 7,600

JPMorgan raises S&P 500 year-end forecast to 7,600
Analysts at JPMorgan increased their 2026 forecast for the S&P 500 to 7,600, according to Reuters, referencing a research report. They additionally increased their earnings-per-share projection for the index this year to $330 from $315, and for 2027...

Germany's sovereign wealth fund to waive restrictions on investments in arms manufacturers

Germany's sovereign wealth fund to waive restrictions on investments in arms manufacturers
Germany's sovereign wealth fund (Kenfo) is lifting limitations on investments in arms producers due to increased geopolitical tensions. The fund will have the freedom to purchase defense stocks and bonds, CEO Anja Mikus informed Bloomberg. The fund...

Nikkei reports production cuts for several goods in Japan due to naphtha shortage

Nikkei reports production cuts for several goods in Japan due to naphtha shortage
Japanese manufacturing firms are compelled to reduce production and increase prices because of worries over a naphtha deficit, according to Nikkei Asia. Naphtha is utilized to create various products, such as solvents, laundry soaps, plastic wraps,...
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

EU approves €90 billion loan to Ukraine, new package of sanctions against Russia

EU approves €90 billion loan to Ukraine, new package of sanctions against Russia
On Wednesday, April 22, EU ambassadors provided initial approval for a €90 billion loan to Kyiv following Hungary's decision to lift its veto, concluding months of discussion regarding the loan, reports Bloomberg, referencing the EU's representative...

Reuters: Russia wants to stop oil shipments from Kazakhstan to Germany via the Druzhba pipeline

Reuters: Russia wants to stop oil shipments from Kazakhstan to Germany via the Druzhba pipeline
According to three industry sources cited by Reuters, Russia intends to halt oil deliveries from Kazakhstan to Germany through the Druzhba pipeline starting on May 1 of this year. As per the agency's sources, a revised timetable for hydrocarbon...

Trump's Peace Council holds talks with Dubai-based DP World on Gaza reconstruction

Trump's Peace Council holds talks with Dubai-based DP World on Gaza reconstruction
Delegates from the Peace Council, formed at the request of US President Donald Trump, engaged in discussions with DP World, a company controlled by the Dubai government, regarding the rebuilding of the Gaza Strip, the Financial Times stated,...

IRIB: Iran has no plans to participate in talks with the US yet

IRIB: Iran has no plans to participate in talks with the US yet
Iran currently has no intention of engaging in new discussions with the US, according to the Iranian state-owned radio and television media (IRIB), as reported by sources. IRIB reported that "there are no ongoing plans to engage in the upcoming...
Management & Strategy

WSJ: Disney plans to cut about 1,000 jobs

WSJ: Disney plans to cut about 1,000 jobs
Disney is planning major job cuts, which will be among the first important actions taken by the new CEO, Josh D'Amaro, according to a report by The Wall Street Journal referencing information from reliable sources. In the upcoming weeks, the company...

Bentley to cut jobs as electric vehicle development plan revised

Bentley to cut jobs as electric vehicle development plan revised
British luxury carmaker Bentley, which is part of the Volkswagen Group, is reducing its workforce to cope with "turbulent times" resulting from updated predictions about the demand for electric vehicles. Bentley's CEO, Frank-Steffen Walliser,...

Toyota Motor announces upcoming CEO change

Toyota Motor announces upcoming CEO change
Toyota Motor, the world's largest automobile manufacturer, will replace its Chief Executive Officer starting on April 1. According to the company press release, Kenta Kon, who is currently leading the corporation's finance division, will take on the...

Pinterest to cut 15% of staff

Pinterest to cut 15% of staff
American Pinterest Inc., which operates the widely used online visual bookmarking platform, has announced its intention to reduce office space and cut staff by less than 15%, according to a statement released on the website of the U.S. Securities...