Companies & CEOs
Polymarket seeks recognition as a financial corporation in Europe - 09/25/2026
Polymarket, a prediction market platform located in the US, has initiated a lobbying effort in Europe and the UK, according to the Financial Times (FT). As reported by the newspaper, the firm intends to operate under regulations designed for financial institutions instead of those meant for gambling companies. Polymarket, which has become popular in the US, enables users to wager on a variety of...
OpenAI and Anthropic release new AI models and lower prices - 09/24/2026
On September 23, Anthropic and OpenAI launched more affordable variants of their leading AI models as competition with each other and Chinese rivals escalates, according to the Financial Times (FT). The adjustments relate to the expense of utilizing the models, which is determined by the quantity of tokens—data units employed by AI to handle requests and produce replies. Using Anthropic's...
Orlen lost $400 million attempting to buy Venezuelan oil for cryptocurrency - 09/18/2026
The Polish energy company Orlen incurred losses of almost $400 million attempting to acquire Venezuelan oil in defiance of US sanctions. According to the Financial Times, payment was completed with cryptocurrency. In 2023, Orlen completed prepayments through its Swiss subsidiary to Hannon International and Gold Mar International Trading, firms based in the UAE. Afterward, three insured Polish...
GM organizes US-based battery development to reduce reliance on China - 09/15/2026
US automotive manufacturer General Motors intends to create next-generation battery cells. The firm believes this decision will decrease US reliance on China while also boosting the amount of materials obtained locally. Kurt Kelty, GM’s vice president of battery technology and sustainability, informed CNBC that they are organizing their supply chain to be completely localized within the country...
Revolut confirms data breach caused by fraudulent requests posing as a government agency - 09/14/2026
Revolut has acknowledged a data breach that impacts certain customers as a result of deceptive requests from a government entity, according to Reuters referencing a company representative. The British fintech firm revealed private customer information to an unapproved third party after getting fraudulent data requests originating from a government agency's email domain, according to reports....
TotalEnergies discovers new oil in Angola - 09/11/2026
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 following the discovery of the deposit, called Acacia-5.The find is anticipated to increase output in the block by 6,000 barrels daily. TotalEnergies has a...
Nasdaq plans to invest $100 million in Kraken crypto exchange - 09/11/2026
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 agency, enhances the collaboration between the two firms and evaluates Kraken at $21 billion. In collaboration, Kraken will provide investors with...
Volkswagen considers selling motorcycle maker Ducati - 09/09/2026
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 that are part of the review, Gernot Döllner, Audi's CEO (which is part of the VW Group), stated in an interview with the news agency. Talks about...
Europe’s most valuable AI startup raises valuation to €21 billion - 09/09/2026
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 Financial Times had reported on the company's intention to invest around €1 billion in Mistral. Additional contributors to the round comprised the Scaleup...
Norway's sovereign wealth fund intends to reduce the share of government bonds in its portfolio - 09/07/2026
The Government Pension Fund of Norway, the largest sovereign wealth fund globally with $2.3 billion in assets, has suggested decreasing the proportion of government bonds in its portfolio, mainly by transitioning to US Treasury bonds, according to CNBC, referencing a statement from the fund. The fund is overseen by Norges Bank Investment Management (NBIM), a branch of the Norwegian central bank...
