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Companies & CEOs

Bloomberg: 43-year-old OnlyFans owner Leonid Radvinsky dies of cancer

Bloomberg: 43-year-old OnlyFans owner Leonid Radvinsky dies of cancer
Billionaire Leonid Radvinsky, owner of OnlyFans and ranked No. 870 on the Forbes Global Billionaires list with a net worth of $4.7 billion as of March 23, has passed away at 43 years old, according to a company statement reported by Bloomberg. "We...

McDonald's named world's most valuable restaurant brand for second year in a row

McDonald's named world's most valuable restaurant brand for second year in a row
For the second consecutive year, McDonald's Corp. has been recognized as the most valuable restaurant brand globally, as per a study conducted by the consulting firm Brand Finance. The fast-food chain's worth rose 5% from the previous year to reach...

SAS to cancel over 100 flights due to high fuel prices

SAS to cancel over 100 flights due to high fuel prices
Scandinavian Airlines (SAS) is calling off more than 100 flights this week because of elevated fuel costs tied to the conditions in the Middle East, reports NRK. "Considering the present circumstances in the Middle East, along with the swift and...

Intel shareholder accuses management of transferring 10% stake to the US to avoid attacks from Trump

Intel shareholder accuses management of transferring 10% stake to the US to avoid attacks from Trump
A shareholder of Intel Corporation has initiated a legal action alleging that the company's leadership transferred a 10% ownership stake to the U.S. government. The lawsuit claims this decision was driven by concerns among the CEO and board members...
Markets & Industries

Retail investors switch to net selling of US stocks for the first time since 2023

Retail investors switch to net selling of US stocks for the first time since 2023
Retail investors in the US stock market started selling more stocks than buying for the first time since November 2023, according to a report by Bloomberg, which is based on data from the research firm Vanda Research. On Monday, March 23, their...

Eurozone manufacturing PMI reaches 45-month high in March

Eurozone manufacturing PMI reaches 45-month high in March
The Eurozone Manufacturing Purchasing Managers' Index (PMI) reached a high not seen in 45 months, hitting 51.4 in March, an increase from 50.8 in February, as reported by S&P Global in a preliminary estimate. Analysts surveyed by Trading Economics...

Vietnamese airlines cancel some domestic flights due to fuel shortages

Vietnamese airlines cancel some domestic flights due to fuel shortages
Several Vietnamese airlines are planning to temporarily stop some domestic flights because of fuel shortages and increasing costs caused by the conflict in the Middle East, according to a report by Bloomberg. The Civil Aviation Authority of Vietnam...

Military action against Iran paralyzes deals in the US oil and gas sector

Military action against Iran paralyzes deals in the US oil and gas sector
The military campaign targeting Iran has stalled significant contract discussions within the US oil and gas sector. The Financial Times (FT) reports that the fighting has led to oil price fluctuations, complicating asset valuations and prompting...
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

Bloomberg: US prepares for oil price hikes to $200

Bloomberg: US prepares for oil price hikes to $200
According to Bloomberg's sources, the US presidential administration is evaluating the economic consequences of a potential increase in oil prices to $200 per barrel. Based on these sources, US officials aim to be ready for every possibility,...

European Parliament approves trade deal with the United States

European Parliament approves trade deal with the United States
The European Parliament endorsed legislative measures to fulfill the EU's obligations under the trade agreement with the United States. A total of 417 legislators backed the bill, 154 opposed it, while 71 chose to abstain. "Today's vote is a...

Orban announces suspension of gas supplies to Ukraine due to the situation with the Druzhba pipeline

Orban announces suspension of gas supplies to Ukraine due to the situation with the Druzhba pipeline
Hungarian Prime Minister Viktor Orban announced that Budapest will suspend gas supplies to Kyiv until oil transit through Ukraine via the Druzhba pipeline is resumed. "As long as Ukraine does not supply oil, it will not receive gas from Hungary," he...

Iran begins charging ships for transit through the Strait of Hormuz

Iran begins charging ships for transit through the Strait of Hormuz
Iranian officials have started charging fees to ship crews that pass through the Strait of Hormuz. Bloomberg’s sources report that a fee of $2 million per ship is being charged on an individual basis, which is effectively acting as an informal fee...
Management & Strategy

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...

Staff reductions at leading US banks in 2025 reach the highest in nine years

Staff reductions at leading US banks in 2025 reach the highest in nine years
In 2025, leading U.S. banks plan to reduce their workforce by a total of 10,600, which is the highest number of job cuts in nine years. As of the end of December, the combined number of employees at six major financial institutions – JPMorgan Chase...