Companies & CEOs
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...
Microsoft to begin disclosing Azure cloud revenue in monetary terms - 09/04/2026
According to the company presentation, Microsoft will start revealing quarterly revenue figures for its Azure cloud operations in financial terms. This choice is a component of a significant reform of Microsoft's reporting framework, which has been implemented since 2015. In the past, the firm operated in three segments (Productivity and Business Processes, Intelligent Cloud, and More Personal...
IKEA to lower prices on hundreds of products in Europe - 09/02/2026
Swedish IKEA plans to reduce prices on numerous items across Europe to enhance affordability for customers dealing with increasing living expenses. IKEA announced that these price cuts will lead to a total expense of €1.2 billion. "These investments aren't just a one-time action or a temporary solution. Their aim is to enhance the accessibility of IKEA products when people require them the...
Eli Lilly to acquire biotech Merida Biosciences for $2.9 billion - 09/01/2026
Eli Lilly & Co., a pharmaceutical firm, intends to purchase biotech Merida Biosciences, known for creating therapies for autoimmune and allergic conditions, according to a company statement reported by Bloomberg. Eli Lilly is set to pay as much as $2.88 billion in cash for Merida. It will provide part of the payment initially, with subsequent milestone payments linked to product development...
General Motors to invest $791 million in car plants in Canada - 09/01/2026
The union for General Motors Canada (Unifor) has ratified a deal to manufacture a new heavy-duty truck at a facility in Ontario, according to Reuters. The agency reported that Unifor members voted in favor of the contract on Sunday. GM's investment in the nation's automotive sector amounts to C$1.1 billion ($791.31 million). This encompasses C$691 million revealed in April for the manufacture of...
DeepSeek raises funding round at $74 billion valuation - 08/28/2026
Chinese AI model creator DeepSeek is nearing the end of a funding round with a pre-money valuation estimated at around 500 billion yuan ($74 billion), as reported by the South China Morning Post and The Wall Street Journal, referring to sources knowledgeable about the negotiations. As reported by sources in the newspapers, DeepSeek plans to secure 50 billion yuan ($7.4 billion) which will be...
