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Companies & CEOs

Lufthansa follows Air France-KLM in submitting a bid for stake in TAP

Lufthansa follows Air France-KLM in submitting a bid for stake in TAP
Lufthansa, the German airline, has put in an initial proposal for a share in the Portuguese airline TAP, according to Bloomberg. Earlier on Thursday, reports indicated that Air France-KLM had made a proposal for a share in the airline, which is in...

Tesla shares fall on weaker electric vehicle deliveries

Tesla shares fall on weaker electric vehicle deliveries
Tesla stock dropped 4.6% at the Nasdaq opening on April 2 in the US, reaching a low of $363.65, based on trading statistics. According to Bloomberg, this marks the most significant intraday drop for the company in almost two months. Tesla shares...

Unilever suspends hiring amid Middle East conflict

Unilever suspends hiring amid Middle East conflict
Unilever, a major player in the global fast-moving consumer goods (FMCG) industry, is set to halt all hiring activities across the organization for a period of at least three months, according to a report by Reuters, which references a letter sent...

General Motors to increase pickup truck production at Michigan plant

General Motors to increase pickup truck production at Michigan plant
American car manufacturer General Motors intends to transition its heavy-duty pickup factory in Michigan to six-day shifts beginning in June due to heightened demand for these vehicles, the company stated. The facility that manufactures Chevrolet...
Markets & Industries

European stocks experience their strongest gains in a year amid the US-Iran ceasefire

European stocks experience their strongest gains in a year amid the US-Iran ceasefire
On April 8, the Stoxx 600, which is a key measure of European stock performance, increased by 4%, reaching a high of 614.4 points as per the trading data. According to Bloomberg, this represents the most significant intraday increase in over a year,...

ECB may raise rates several times if the energy crisis continues

ECB may raise rates several times if the energy crisis continues
Pierre Wunsch, a member of the ECB Governing Council and head of the Belgian Central Bank, told The Wall Street Journal that the European Central Bank might have to raise its main interest rates multiple times if the energy crisis, which has been...

Global chip sales increase 1.6-fold in February

Global chip sales increase 1.6-fold in February
Global chip sales in February increased by 1.6 times, or 61.8%, compared to the same period last year, amounting to $88.78 billion, as reported by the Semiconductor Industry Association. This represents a 7.6% increase from January. "Sales in the...

JPMorgan CEO expects worsening financial market conditions due to Iran war

JPMorgan CEO expects worsening financial market conditions due to Iran war
JPMorgan Chase & Co. CEO Jamie Dimon cautioned that increasing oil and other commodity prices from the Iran conflict could trigger accelerated inflation and elevated interest rates, potentially causing deterioration in financial markets. In his...
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

Macron hopes the ceasefire in the Middle East will be respected

Macron hopes the ceasefire in the Middle East will be respected
French President Emmanuel Macron stated that the two-week ceasefire agreement between Tehran and Washington should be expanded to cover all areas affected by conflict, including Lebanon. He hopes it will be fully respected. Macron had a telephone...

Politico: Vance will join Iran talks if direct contacts are made

Politico: Vance will join Iran talks if direct contacts are made
US Vice President J.D. Vance is prepared to participate in direct discussions with Iranian representatives if informal channels result in a top-level meeting, according to Politico, referencing a source knowledgeable about the negotiations. The...

European Commission calls on EU countries to coordinate their actions amid the energy crisis

European Commission calls on EU countries to coordinate their actions amid the energy crisis
European Commissioner for Energy, Dan Jorgensen, urged EU member states to get ready for a possible long-lasting energy crisis and to work together in a coordinated manner. In the context of market instability caused by the Middle East crisis and...

South Korea approves $17 billion in stimulus to mitigate impact of Iran conflict

South Korea approves $17 billion in stimulus to mitigate impact of Iran conflict
South Korea has unveiled a stimulus package worth 26.2 trillion won, which is approximately $17.3 billion, aimed at reducing the economic effects of the conflict in the Middle East, according to Bloomberg. The increasing cost of oil due to the...
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...