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Companies & CEOs

Chevron is exploring new deals to supply power to US data centers

Chevron is exploring new deals to supply power to US data centers
Chevron Corp. is looking into new agreements to provide electricity to US data centers, Jeff Gustavson, president of its renewable energy division, informed Reuters. On June 22, the firm revealed a 20-year contract with Microsoft to provide energy...

OpenAI may delay IPO until next year

OpenAI may delay IPO until next year
The American AI firm OpenAI intends to delay its initial public offering (IPO) until next year, according to The New York Times, which references three sources. The firm was anticipated to launch its public offering this autumn. Experts estimate...

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...
Markets & Industries

Lufthansa may ground up to 40 aircraft due to fuel shortages

Lufthansa may ground up to 40 aircraft due to fuel shortages
The German airline Lufthansa is set to idle as many as 40 planes because of a fuel deficiency, according to Spiegel. As per the newspaper, CEO Carsten Spohr updated employees about this, highlighting a major decline in the fuel circumstances. The...

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...
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

Oman warns Europe of possible Strait of Hormuz toll

Oman warns Europe of possible Strait of Hormuz toll
Authorities in Oman have informed their European partners that it is improbable they will revert transit regulations for vessels navigating the Strait of Hormuz to the circumstances that existed prior to the US-Iran tensions, Bloomberg states,...

Death toll from Venezuelan earthquakes exceeds 230

Death toll from Venezuelan earthquakes exceeds 230
The number of fatalities from the earthquakes in Venezuela keeps increasing, as reported by Health Minister Carlos Alvarado. "By 7 p.m. today, we have already provided care to over 4,300 victims. (...) Sadly, we have encountered around 235 patients...

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...
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,...