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Companies & CEOs

Airbus doubles quarterly net profit

Airbus doubles quarterly net profit
Airbus SE, the European aerospace company, more than doubled its net profit in the second quarter, with a revenue increase of 28%. During the reporting period, the company's net income reached €1.66 billion, up from €732 million in the same quarter...

Eni and Total make final investment decision on Cronos offshore gas project in Cyprus

Eni and Total make final investment decision on Cronos offshore gas project in Cyprus
Eni from Italy and TotalEnergies from France have reached a final investment decision (FID) to develop the Cronos gas field, situated offshore Cyprus, with the goal of launching the first Cypriot gas to market in 2028, the partners revealed. The...

Visa to cut approximately 2,600 jobs

Visa to cut approximately 2,600 jobs
Visa Inc., the company managing the biggest payment system in the US, intends to eliminate around 2,600 positions, representing about 7% of its total workforce, according to Bloomberg, referencing a letter from CEO Ryan McInerney addressed to staff....

Nvidia may provide OpenAI with $250 billion financial guarantee to access AI capacity in the US

Nvidia may provide OpenAI with $250 billion financial guarantee to access AI capacity in the US
The Wall Street Journal reports, referring to sources, that Nvidia Corp. is in talks to offer a financial guarantee to OpenAI to assist the AI firm in utilizing SoftBank Group's US data center computing resources. SoftBank's initiative in Ohio...
Markets & Industries

Japanese construction shares rise after powerful Kyushu earthquake

Japanese construction shares rise after powerful Kyushu earthquake
Japanese construction shares surged significantly following a strong earthquake that hit the island of Kyushu, according to Bloomberg, referencing market statistics. Wakachiku Construction, a firm with historical connections to Kyushu, saw an...

Experts believe quarter-reduction in EU gas demand by 2030 is realistic

Experts believe quarter-reduction in EU gas demand by 2030 is realistic
Solar, wind, and heat pump energy might decrease EU gas use by 25% and help alleviate the forthcoming energy crisis, as stated by the Institute for Energy Economics and Financial Analysis (IEEFA). A recent study from the think tank IEEFA suggests...

Data centers will consume 20% of US electricity in 2035

Data centers will consume 20% of US electricity in 2035
According to BloombergNEF, data centers in the United States are projected to represent around 20% of the nation's overall electricity use in 2035. This share is presently at 5.9% and is projected to increase to about 12% by 2030. Due to the swift...

EU will review its rules for foreign acquisitions of airlines

EU will review its rules for foreign acquisitions of airlines
The European Union is updating its airline ownership regulations to stop foreign investors from taking control of airlines, Reuters stated, referencing an unnamed official from Europe. The evaluation arises as two U.S. investment firms compete 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

Bloomberg: Israel plans to develop lookalike of American F-35 fighter

Bloomberg: Israel plans to develop lookalike of American F-35 fighter
Israel aims to create an unmanned combat drone comparable in capabilities to the American F-35 fighter, according to a senior official, as reported by Bloomberg. As per the agency's source, the initiative is a component of a plan to slowly decrease...

Iceland opens referendum on resuming EU accession negotiations

Iceland opens referendum on resuming EU accession negotiations
Early voting has started in Iceland's referendum regarding the resumption of accession talks with the European Union, Le Figaro reported. Citizens will be posed the question: "Should Iceland restart accession talks with the EU?" The primary...

Sources cite reasons for halting US attacks on Iran

Sources cite reasons for halting US attacks on Iran
According to sources cited by The New York Times, US President Donald Trump has delayed efforts to escalate attacks on Iran. They stated that the choice was reached on July 24, following discussions between the US leader and his advisers and Cabinet...

Germany faces fivefold increase in imported gas prices

Germany faces fivefold increase in imported gas prices
As a result of heightened tensions in the Middle East and the halt in energy supplies from Russia, Germany must pay five times the amount for gas compared to 2020, as reported by the Berliner Zeitung. Fuel prices at the German border are now...
Management & Strategy

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...

British authorities will oblige banks to train employees in AI

British authorities will oblige banks to train employees in AI
The UK Treasury is developing a "skills compact" that will mandate the top banks in the country to reskill their workforce to handle the "artificial intelligence revolution." The Guardian reports that new guidelines from the Treasury might be...

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...