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Companies & CEOs

OpenAI halts construction of its Stargate UK data center

OpenAI halts construction of its Stargate UK data center
The Financial Times reports that the American firm OpenAI has suspended its main AI infrastructure initiative in the UK, known as Stargate UK. The firm mentioned elevated energy expenses and regulatory ambiguity as reasons for the choice. The data...

Lufthansa follows Air France-KLM in submitting a bid for stake in TAP

Lufthansa follows Air France-KLM in submitting a bid for stake in TAP
Lufthansa, the German airline, has put in an initial proposal for a share in the Portuguese airline TAP, according to Bloomberg. Earlier on Thursday, reports indicated that Air France-KLM had made a proposal for a share in the airline, which is in...

Tesla shares fall on weaker electric vehicle deliveries

Tesla shares fall on weaker electric vehicle deliveries
Tesla stock dropped 4.6% at the Nasdaq opening on April 2 in the US, reaching a low of $363.65, based on trading statistics. According to Bloomberg, this marks the most significant intraday drop for the company in almost two months. Tesla shares...

Unilever suspends hiring amid Middle East conflict

Unilever suspends hiring amid Middle East conflict
Unilever, a major player in the global fast-moving consumer goods (FMCG) industry, is set to halt all hiring activities across the organization for a period of at least three months, according to a report by Reuters, which references a letter sent...
Markets & Industries

European stocks experience their strongest gains in a year amid the US-Iran ceasefire

European stocks experience their strongest gains in a year amid the US-Iran ceasefire
On April 8, the Stoxx 600, which is a key measure of European stock performance, increased by 4%, reaching a high of 614.4 points as per the trading data. According to Bloomberg, this represents the most significant intraday increase in over a year,...

ECB may raise rates several times if the energy crisis continues

ECB may raise rates several times if the energy crisis continues
Pierre Wunsch, a member of the ECB Governing Council and head of the Belgian Central Bank, told The Wall Street Journal that the European Central Bank might have to raise its main interest rates multiple times if the energy crisis, which has been...

Global chip sales increase 1.6-fold in February

Global chip sales increase 1.6-fold in February
Global chip sales in February increased by 1.6 times, or 61.8%, compared to the same period last year, amounting to $88.78 billion, as reported by the Semiconductor Industry Association. This represents a 7.6% increase from January. "Sales in the...

JPMorgan CEO expects worsening financial market conditions due to Iran war

JPMorgan CEO expects worsening financial market conditions due to Iran war
JPMorgan Chase & Co. CEO Jamie Dimon cautioned that increasing oil and other commodity prices from the Iran conflict could trigger accelerated inflation and elevated interest rates, potentially causing deterioration in financial markets. In his...
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

Flight attendant strike in Germany results in cancellation of over 500 flights

Flight attendant strike in Germany results in cancellation of over 500 flights
Approximately 20,000 Lufthansa cabin crew members have struck throughout Germany, resulting in more than 500 flight cancellations. At Frankfurt Airport, the largest in Germany, around 75% of Lufthansa's 350 planned flights have been canceled. The...

Xi Jinping declares unification inevitable at a meeting with Taiwan's opposition party leader

Xi Jinping declares unification inevitable at a meeting with Taiwan's opposition party leader
Chinese President Xi Jinping met on Friday in Beijing with Cheng Li-wun, the leader of Taiwan's opposition Kuomintang party. “Regardless of the international circumstances (...), the significant wave of reconciliation and unity among compatriots on...

Macron hopes the ceasefire in the Middle East will be respected

Macron hopes the ceasefire in the Middle East will be respected
French President Emmanuel Macron stated that the two-week ceasefire agreement between Tehran and Washington should be expanded to cover all areas affected by conflict, including Lebanon. He hopes it will be fully respected. Macron had a telephone...

Politico: Vance will join Iran talks if direct contacts are made

Politico: Vance will join Iran talks if direct contacts are made
US Vice President J.D. Vance is prepared to participate in direct discussions with Iranian representatives if informal channels result in a top-level meeting, according to Politico, referencing a source knowledgeable about the negotiations. The...
Management & Strategy

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,...

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...