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Companies & CEOs

Toyota to cut overseas production by 100,000 vehicles this fiscal year

Toyota to cut overseas production by 100,000 vehicles this fiscal year
Toyota Motor Corp., the Japanese automaker, intends to cut overseas production by about 100,000 vehicles in the current fiscal year (ending March 2027) due to diminished demand resulting from the extended closure of the Strait of Hormuz, according...

SK Hynix plans to raise over $29 billion in US IPO

SK Hynix plans to raise over $29 billion in US IPO
SK Hynix, a memory chip manufacturer from South Korea, anticipates generating 45.45 trillion won ($29.4 billion) from its IPO in the USA, according to the company statement’s reported by Bloomberg. The company intends to utilize the funds to...

PERN to build four fuel storage facilities for Aramco in Poland

PERN to build four fuel storage facilities for Aramco in Poland
PERN, the Polish pipeline operator, revealed that it has inked a multi-year agreement with Aramco Fuels Poland (AFP) for fuel storage at facilities in Poland. "PERN plans to construct four additional storage facilities at various locations in Poland...

DeepSeek valued at over $50 billion in funding round

DeepSeek valued at over $50 billion in funding round
DeepSeek secured more than 50 billion yuan ($7.4 billion) in its initial funding round and achieved a valuation exceeding $50 billion, making it the most valuable AI startup in China, as reported by The Wall Street Journal, referencing sources....
Markets & Industries

Iran war negatively impacts Swiss watches export

Iran war negatively impacts Swiss watches export
In May, Swiss watch exports rose by merely 0.4% compared to the previous year, influenced by the circumstances regarding Iran and the broader Middle East. During the initial five months of the year, exports declined by 3.1%. This information is...

Investors pour record $120 billion in U.S. equity funds in a week

Investors pour record $120 billion in U.S. equity funds in a week
Global investors boosted their investments in American equity funds at an unprecedented rate following the de-escalation news between the United States and Iran, coupled with the excitement surrounding SpaceX's record placement. For the week ending...

The People's Bank of China announces new financial policy measures

The People's Bank of China announces new financial policy measures
Pan Gongsheng, the governor of the People's Bank of China, revealed new financial policy initiatives during the two-day forum that takes place each year in Lujiazui. He declared that the central bank will enhance the regulation mechanism for...

Goldman Sachs and Morgan Stanley lower oil price forecasts following US-Iran deal

Goldman Sachs and Morgan Stanley lower oil price forecasts following US-Iran deal
Analysts at Goldman Sachs have reduced their average Brent crude price estimate for 2026 from $90 to $85 per barrel after the announcement of a memorandum regarding the preliminary resolution of the US-Iran conflict, according to a report from The...
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

De la Espriella wins Colombian presidential election

De la Espriella wins Colombian presidential election
In the second round of the Colombian presidential election, held on Sunday, lawyer and supporter of the US President Abelardo de la Espriella narrowly defeated the representative of the coalition of leftist forces, senator and supporter of the...

European NATO countries and Canada increase defense investment by nearly 20% in a year

European NATO countries and Canada increase defense investment by nearly 20% in a year
Numerous NATO nations are already showing that they are meeting their pledges from the Hague summit to allocate 5% of GDP to defense by 2035. At a press conference during the NATO Defense Ministers' meeting on June 18, NATO Secretary General Mark...

Iran begins exporting crude oil after the US blockade lifted

Iran begins exporting crude oil after the US blockade lifted
Iranian tankers have started to export crude oil for the first time in two months following a framework agreement announced by Washington and Tehran, which involves lifting the US blockade on Iranian ports, according to CNN. As reported by...

UK, France, Germany, Italy ready to lift sanctions against Iran

UK, France, Germany, Italy ready to lift sanctions against Iran
The leaders of the UK, France, Germany, and Italy declared their willingness to remove sanctions on Iran in return for compromises regarding its nuclear program. "Iran should never obtain nuclear weapons," the leaders stated in a joint declaration,...
Management & Strategy

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...

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,...