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Companies & CEOs

Elon Musk to pay $1.5 million for concealing Twitter share acquisition

Elon Musk to pay $1.5 million for concealing Twitter share acquisition
Elon Musk (ranked No. 1 on the Forbes Global Billionaires list, valued at $927.2 billion as of July 9, according to Forbes Real-Time Billionaires) will incur a $1.5 million penalty for hiding details regarding his 2022 Twitter stock purchase. The...

Apple to spend over $30 billion on Broadcom chips

Apple to spend over $30 billion on Broadcom chips
Apple Inc. intends to invest more than $30 billion in Broadcom chips as part of a new multi-year deal, as stated in a press release from the iPhone manufacturer. This represents Apple's biggest investment to date, aligning with its commitment made...

Maersk to resume Suez Canal services on one of its routes

Maersk to resume Suez Canal services on one of its routes
The Danish shipping firm Maersk declared the restart of operations via the Suez Canal on one of its container shipping routes, according to Reuters. In the past, ships traveling this route avoided Africa by going around the Cape of Good Hope because...

South Korean broker Mirae did not receive SpaceX shares in the IPO due to misunderstanding

South Korean broker Mirae did not receive SpaceX shares in the IPO due to misunderstanding
South Korean firm Mirae Asset Securities Co., among the 23 underwriters for the SpaceX IPO, was the sole entity that did not acquire shares in the offering, according to Bloomberg. Involvement in the IPO was anticipated to elevate Mirae into the...
Markets & Industries

Qatar to halt LNG production ramp-up following attack on tanker in Strait of Hormuz

Qatar to halt LNG production ramp-up following attack on tanker in Strait of Hormuz
Qatar is pausing the increase in production at Ras Laffan, the largest LNG facility globally, according to Bloomberg's sources. The assault on a tanker owned by an emirate in the Strait of Hormuz this week has raised worries that navigating this...

De Beers lowers diamond prices across almost its entire product range in July

De Beers lowers diamond prices across almost its entire product range in July
De Beers has enacted one of the largest official price reductions in history, possibly signaling the conclusion of a prolonged effort to keep prices well above market rates, according to Bloomberg, which refers to sources familiar with the...

Heat wave in Europe boosts profits for Chinese portable air conditioner makers

Heat wave in Europe boosts profits for Chinese portable air conditioner makers
The heat wave in Europe has increased profits for Chinese portable air conditioner manufacturers, with heightened consumer demand noted at companies like Midea, Haier, and Gree Electric, according to Bloomberg. Morningstar analyst Jeff Zhang, robust...

Japan plans to resume purchasing Iranian oil

Japan plans to resume purchasing Iranian oil
Iran has started discussions regarding the sale of oil to Japanese firms, according to Reuters, referencing Iranian and Western sources. Since 2018, Tokyo has ceased importing oil from Iran. The publication states that Japanese oil purchasers are...
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 reports near-total halt in shipping in the Strait of Hormuz

Bloomberg reports near-total halt in shipping in the Strait of Hormuz
Commercial shipping in the Strait of Hormuz has nearly stopped as US strikes on Iran continue for a second day, according to Bloomberg. As reported by Bloomberg, among the large ships, just one supertanker, under US sanctions, was seen leaving the...

Le Parisien: Jewelry worth €4 million stolen from museum in France

Le Parisien: Jewelry worth €4 million stolen from museum in France
Unidentified individuals have taken jewelry valued at €4 million (352 million rubles) from the René Lalique jewelry museum in France, reports Le Parisien, citing sources. The museum is situated in the locality of Wingen-sur-Moder in the eastern part...

FT: Cuban farmers are selling land en masse due to fuel shortages

FT: Cuban farmers are selling land en masse due to fuel shortages
In Cuba, farmers have started to sell their land in large quantities at very low prices. The Financial Times (FT) reports that the inability to farm stems from fuel shortages caused by the US fuel blockade. The FT cites a farmer who grew crops on a...

Energy Institute notes increase in global CO2 emissions in 2025

Energy Institute notes increase in global CO2 emissions in 2025
According to the Energy Institute's Statistical Review of World Energy, global carbon dioxide emissions rose by 1.1% to 41 billion tonnes in 2025. The energy industry was responsible for around 87% of total CO2 emissions, equating to 35.806 billion...
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,...