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Companies & CEOs

TotalEnergies discovers new oil in Angola

TotalEnergies discovers new oil in Angola
TotalEnergies of France announced in June the discovery of a new oil reserve in Angola's Block 17. Production is set to start utilizing spare capacity on the Pazflor floating production, storage, and offloading (FPSO) unit only three months...

Nasdaq plans to invest $100 million in Kraken crypto exchange

Nasdaq plans to invest $100 million in Kraken crypto exchange
The exchange operator Nasdaq is allocating $100 million to Payward, the parent organization of the cryptocurrency platform Kraken, as reported by Bloomberg, referencing sources knowledgeable about the situation. The investment, as stated by the...

Volkswagen considers selling motorcycle maker Ducati

Volkswagen considers selling motorcycle maker Ducati
Volkswagen (VW), the German car manufacturer, is contemplating selling motorcycle maker Ducati as part of a wider evaluation of its asset portfolio to reduce expenses, according to Bloomberg. The Italian brand is one of the 600 entities owned by VW...

Europe’s most valuable AI startup raises valuation to €21 billion

Europe’s most valuable AI startup raises valuation to €21 billion
French AI startup Mistral secured €3 billion in a funding round that values the firm at more than €21 billion, according to Bloomberg, referencing a statement from the company. Samsung Electronics spearheaded the funding round. In July, the...
Markets & Industries

Global smartphone prices rise by 15% since the beginning of the year

Global smartphone prices rise by 15% since the beginning of the year
According to a study by Counterpoint, global smartphone prices have increased by an average of around 15% since the start of the year due to higher memory chip costs. Over 40% of models have seen a price rise to date, signifying a first for the...

UN warns that global wheat production may decline in 2026

UN warns that global wheat production may decline in 2026
Global wheat output in 2026 is projected to decrease by 3.8% relative to 2025, reaching 810.7 million tonnes, as reported by the FAO (Food and Agriculture Organization of the United Nations). FAO increased its worldwide wheat production estimate by...

Smartphone and laptops rise in prices due to RAMageddon

Smartphone and laptops rise in prices due to RAMageddon
The Financial Times reports that smartphones, laptops, and gaming consoles have increased in cost due to "RAMageddon" (Random Access Memory, or RAM) or "RAMpocalypse," the lack of dynamic random access memory (DRAM) chips. The lack of DRam...

FT: Major US banks demand law firms lower fees due to AI

FT: Major US banks demand law firms lower fees due to AI
Top financial institutions in the US are urging prominent law firms to reduce their charges. According to the Financial Times, citing banking industry sources, banks are convinced that the business model that has benefited law firms for years is no...
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

Seoul nears announcement of over $100 billion in U.S. energy investments

Seoul nears announcement of over $100 billion in U.S. energy investments
The South Korean government is poised to unveil a significant investment plan for the U.S. energy industry—possibly surpassing $100 billion—according to The Wall Street Journal, referencing sources. The multi-year initiative supposedly includes...

Disruption at British airports leads to cancellation of over 1,000 flights

Disruption at British airports leads to cancellation of over 1,000 flights
On September 8, Reuters reports, a significant disruption to air traffic control services took place in the UK. Over 1,000 flights were called off, leaving countless passengers stuck at airports. Flights restarted by morning, but British...

European industrialists warn of hundreds of thousands of job losses due to China

European industrialists warn of hundreds of thousands of job losses due to China
Eurometal, Europe's top metals trade association, cautioned that the EU may lose as many as 300,000 manufacturing positions by year's end because of increasing competition from China, according to The Guardian. The newspaper reports that the...

Bloomberg: US-Venezuela oil deal came as a surprise to US companies

Bloomberg: US-Venezuela oil deal came as a surprise to US companies
Numerous US energy firms were not informed ahead of the impending US-Venezuela oil agreement that includes North American Blue Energy Partners (NABEP) CEO Alejandro Betancourt, according to Bloomberg, referencing sources. The deal with Betancourt,...
Management & Strategy

Volkswagen's board of directors approves 50,000 job cuts

Volkswagen's board of directors approves 50,000 job cuts
The Volkswagen Board of Directors has sanctioned a restructuring initiative that involves eliminating as many as 50,000 positions and halting vehicle manufacturing at four facilities in Germany, according to the Associated Press. The company stated...

Ackman to donate 10 million Pershing Square shares to Brain Institute

Ackman to donate 10 million Pershing Square shares to Brain Institute
Billionaire Bill Ackman and his spouse, Neri Oxman, plan to give 10 million shares of the hedge fund Pershing Square to support the brain research center he established in New York, according to Bloomberg, referencing a social media update from...

The Porsche family demands swift restructuring of Volkswagen

The Porsche family demands swift restructuring of Volkswagen
Porsche Automobil Holding (Porsche SE), the holding company overseen by the Porsche family and owning 53% of the voting shares in the Volkswagen Group (VW), has insisted that the automaker implement a prompt restructuring. Porsche SE CEO Hans Dieter...

Intel plans job cuts in data center division

Intel plans job cuts in data center division
Intel Corp., a top manufacturer of computer components globally, is reportedly planning another wave of layoffs, according to CNBC, referencing a company representative. Intel has reduced around 5,000 jobs in the U.S., mainly in California and...