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Companies & CEOs

Universal Music suspends US stock exchange IPO

Universal Music suspends US stock exchange IPO
Universal Music Group (UMG), the world's largest record label, has stated that it is putting on hold its intention to go public on the US stock market, stating that current market conditions are a key factor in this decision. The company's current...

Anthropic makes last attempt to negotiate with the Pentagon

Anthropic makes last attempt to negotiate with the Pentagon
According to a report by the Financial Times, which is citing unnamed sources, the American company Anthropic, which created the chatbot Claude, has started discussing again with the Pentagon to work out an agreement regarding how the military can...

QatarEnergy declares force majeure on liquefied natural gas supplies

QatarEnergy declares force majeure on liquefied natural gas supplies
Qatar's state-owned energy company, QatarEnergy, announced that it is exercising force majeure regarding its supply of liquefied natural gas and related products. On March 2, it declared a suspension of LNG production and related products following...

Japanese payment system PayPay plans to raise $1.1 billion in a US IPO

Japanese payment system PayPay plans to raise $1.1 billion in a US IPO
Japanese payment processor PayPay aims to secure as much as $1.1 billion via an IPO of American depositary receipts in the US, according to Bloomberg, referencing filings with the US Securities and Exchange Commission (SEC). The agency highlights...
Markets & Industries

Macron: G7 countries are leaning toward using strategic oil reserves

Macron: G7 countries are leaning toward using strategic oil reserves
French President Emmanuel Macron mentioned that the G7 nations are slowly starting to back the idea of using oil from their strategic reserves, in response to the current circumstances in the Middle East. The G7 countries do indeed maintain...

Broadcom: AI chip sales to exceed $100 billion in 2027

Broadcom: AI chip sales to exceed $100 billion in 2027
Hock Tan, CEO of the American high-tech company Broadcom, thinks his company might make more than $100 billion in revenue from selling AI chips by 2027. The executive made this statement following the release of the company's financial results for...

Venezuela to sell up to a ton of gold to the US

Venezuela to sell up to a ton of gold to the US
According to Axios, citing sources, Venezuela's state-owned gold mining company, Minerven, has entered into a significant agreement to sell gold to the United States. One source states that as part of the agreement, Minerven is anticipated to...

IDC forecasts global smartphone shipments to fall 13% in 2026

IDC forecasts global smartphone shipments to fall 13% in 2026
International Data Corporation (IDC) forecasts that the worldwide shipment of smartphones will decrease by 12.9% in 2026, reaching a total of 1.1 billion units. If these expectations are met, sales volumes will reach their lowest level in over ten...
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

Saudi Arabia starts cutting oil production

Saudi Arabia starts cutting oil production
According to Bloomberg, citing sources, Saudi Arabia has started reducing its oil production. This decision is made in response to the potential risk that the disruption of shipping in the Strait of Hormuz could lead to its oil storage facilities...

China overtakes the US in number of dollar billionaires

China overtakes the US in number of dollar billionaires
In the latest Global Rich List 2026, which ranks countries based on the number of dollar billionaires, China has moved to the top position, overtaking the United States, as reported by the Chinese research group Hurun Research Institute. As of...

Iran's Assembly of Experts confirms election of Mojtaba Khamenei as Supreme Leader

Iran's Assembly of Experts confirms election of Mojtaba Khamenei as Supreme Leader
The Assembly of Experts in Iran has announced that Mojtaba Khamenei, the son of the late Ayatollah Ali Khamenei, has been chosen as the new Supreme Leader of the Islamic Republic. The clergy stated that Mojtaba Khamenei has been selected and...

The US welcomes Seoul's plans to pass investment bill

The US welcomes Seoul's plans to pass investment bill
South Korean Industry Kim Jong-gwan stated that Washington has shown a favorable response to Seoul's intention to introduce a special investment bill this week. Kim Jong-gwan mentioned that the United States is not expected to raise tariffs on...
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...