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Companies & CEOs

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...

BMW cuts annual revenue by 6.3%, expects further declines due to Trump tariffs

BMW cuts annual revenue by 6.3%, expects further declines due to Trump tariffs
The German car manufacturer Bayerische Motoren Werke (BMW) announced a slight drop in pre-tax earnings and revenue for 2025 and predicted a revenue decrease in 2026 because of import tariffs in the US. BMW announced that its annual group revenue...

Hong Kong police raids offices of Citic Securities and Guotai Junan

Hong Kong police raids offices of Citic Securities and Guotai Junan
According to Bloomberg, citing sources, Hong Kong authorities conducted searches at the offices of financial firms Citic Securities Co. and Guotai Junan International Holdings Ltd. Sources indicate that the searches focused on divisions engaged in...
Markets & Industries

World's largest aluminum smelter starts cutting production

World's largest aluminum smelter starts cutting production
According to Bloomberg, the Bahrain-based company Aluminum Bahrain BSC, also known as Alba, has started a gradual decrease in production at the largest aluminum smelting plant in the world. The company has started the process of closing three...

Leading German research institutes lower their GDP growth forecasts for 2026

Leading German research institutes lower their GDP growth forecasts for 2026
Major German economic research organizations have revised their predictions for GDP growth in 2026, pointing to the adverse effects caused by increasing energy costs linked to the conflict in the Middle East. New predictions from the Munich...

Volume of hydrocarbons on tankers in the Persian Gulf grows to 24.2 million tons

Volume of hydrocarbons on tankers in the Persian Gulf grows to 24.2 million tons
The amount of hydrocarbons on tankers in the Persian Gulf rose by 1.5 million tons in the last 24 hours, totaling 24.2 million tons. Out of this total, 18.7 million tons were oil, 3.3 million tons were light petroleum products, 1.2 million tons were...

ECB intends to prevent a new inflation shock in the Eurozone

ECB intends to prevent a new inflation shock in the Eurozone
ECB President Christine Lagarde stated that the European Central Bank (ECB) aims to stop military actions in the Middle East from causing an inflation shock in the eurozone like the one that occurred at the start of the Russia-Ukraine conflict. "We...
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

Sri Lanka to shorten workweek to conserve energy

Sri Lanka to shorten workweek to conserve energy
Sri Lankan officials stated they are temporarily implementing a four-day workweek to save energy due to the circumstances in the Middle East, local sources reported. Wednesday will now serve as an extra day of rest for schools, universities, and...

EU foreign ministers decline to send ships to the Strait of Hormuz

EU foreign ministers decline to send ships to the Strait of Hormuz
EU foreign ministers have chosen not to extend the Aspides naval mission to the Strait of Hormuz, said EU Foreign Policy Chief Kaja Kallas. "In our talks, there was a definite wish to enhance this operation, but at this stage, there was no intention...

Trump calls on China to help resolve the Strait of Hormuz crisis

Trump calls on China to help resolve the Strait of Hormuz crisis
US President Donald Trump is urging China to assist in getting shipping back in the Strait of Hormuz, where the flow has been affected by the ongoing conflict involving Iran. In an interview with the Financial Times on Monday night, Trump stated, "I...

Kallas tells of US attempts to "divide Europe"

Kallas tells of US attempts to "divide Europe"
The United States aims to create divisions among European governments, as each of them has limited influence on its own, stated EU Foreign Minister Kaja Kallas. It is important for all countries to understand that the United States has made it very...
Management & Strategy

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...

Meta to lay off over 1,000 employees in virtual reality division

Meta to lay off over 1,000 employees in virtual reality division
Meta Platforms plans to cut jobs for more than 1,000 workers in its Reality Labs team, which makes virtual reality products, reports Bloomberg referring to the company’s internal memo. Employees who will be let go will start getting official notices...