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Companies & CEOs

European Commission will conduct in-depth review of €2.2 billion acquisition of MediaMarkt owner

European Commission will conduct in-depth review of €2.2 billion acquisition of MediaMarkt owner
The European Commission has initiated a comprehensive examination of the agreement in which Chinese online retailer JD.com is purchasing German firm Ceconomy, the parent company of electronics chain MediaMarkt, for €2.23 billion. The European...

IBM to invest over $10 billion in quantum computing over the next five years

IBM to invest over $10 billion in quantum computing over the next five years
IBM declared plans to invest more than $10 billion in quantum technology development in the next five years, with the goal of building the first large-scale quantum computer that can perfectly execute complex calculations by 2029. Based on IBM's...

Qualcomm signs agreement to supply AI chips to TikTok owner's data centers

Qualcomm signs agreement to supply AI chips to TikTok owner's data centers
American Qualcomm Inc. has reached an agreement with China's ByteDance Ltd. to provide AI chips for TikTok owner's data centers, Bloomberg writes. Bloomberg's sources indicate that ByteDance plans to buy millions of chips from Qualcomm to bolster...

JD.com is considering buying British online retailer The Very Group for $2.7 billion

JD.com is considering buying British online retailer The Very Group for $2.7 billion
Chinese internet giant JD.com is exploring the acquisition of British online retailer The Very Group for £2 billion ($2.69 billion), according to Sky News, which references sources. A representative from JD.com chose not to address the rumors, and...
Markets & Industries

India sees sharp shortfall in the "King of Mangoes" harvest

India sees sharp shortfall in the "King of Mangoes" harvest
Severe weather has devastated the Alphonso mango harvest in India, referred to as the "king of mangoes," according to Reuters. The report states that in Devgad, a major region for Alphonso cultivation in Maharashtra, crop losses are projected to be...

Surge in demand for protein products drives prices of whey protein up

Surge in demand for protein products drives prices of whey protein up
The swift rise in the demand for protein items (shakes, powders, and ready-to-eat foods) has resulted in a significant surge in the price of whey protein, as reported by the Financial Times. Whey protein isolate costs have surged five times since...

China tightens controls on cross-border stock trading

China tightens controls on cross-border stock trading
China has initiated a comprehensive drive to strengthen oversight on cross-border investments to curb capital flight. Eight regulatory bodies, among them the China Securities Regulatory Commission (CSRC) and the Central Bank, released a joint...

Global trade grows by 3.5% quarter-on-quarter in January-March

Global trade grows by 3.5% quarter-on-quarter in January-March
According to a report by the Bureau of Economic Analysis (CPB) of the Dutch Ministry of Economic Affairs and Climate Policy, global trade volumes rose by 3.5% from the previous quarter in the first quarter of 2026, despite military activities in 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

EU member states will soon decide on accession negotiations with Ukraine

EU member states will soon decide on accession negotiations with Ukraine
The European Commission (EC) is confident that Ukraine and Moldova have carried out the necessary reforms mandated by the EU to progress and determine the start of accession talks, according to EC spokesperson Paula Pinho. "The EU Council will now...

WHO reports over 900 suspected cases of Ebola in the Democratic Republic of the Congo

WHO reports over 900 suspected cases of Ebola in the Democratic Republic of the Congo
The count of potential Ebola virus infection cases in the Democratic Republic of the Congo (DRC) has surpassed 900, as stated by World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus. "With the expansion of surveillance due to...

FT: Xi Jinping raised tone during Japan discussion with Trump

FT: Xi Jinping raised tone during Japan discussion with Trump
In a meeting with Donald Trump in Beijing, Chinese President Xi Jinping strongly condemned Japanese Prime Minister Sanae Takaichi for her country's remilitarization, reported the Financial Times (FT), referencing sources. As per the publication's...

UAE: New oil pipeline bypassing the Strait of Hormuz is almost 50% complete

UAE: New oil pipeline bypassing the Strait of Hormuz is almost 50% complete
Sultan Ahmed Al Jaber, CEO of the Abu Dhabi National Oil Company (ADNOC), stated that the United Arab Emirates (UAE) has finished nearly 50% of building a new oil pipeline intended to circumvent the Strait of Hormuz. "Today, it is nearly 50%...
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...