Chinese AI firm Moonshot AI has notified its investors about its intentions to become a publicly traded company within six months, according to Bloomberg, referencing sources close to the situation. The agency stated that Moonshot has provided shareholders with a draft resolution for listing, requesting their consent for a listing on the Hong Kong Stock Exchange. Sources indicated that Moonshot...

British BP will divest its 42 percent interest in BP Energy Company of Kirkuk Limited (BP ECKL), which is engaged in rehabilitating Kirkuk, one of Iraq's oldest fields, and developing adjacent fields in northern Iraq, to American ConocoPhillips. BP disclosed that the accord will be formalized during Iraqi Prime Minister Ali Al-Zaidi's official trip to Washington and will signify the integration...

Neko Health, a company focused on body-scan diagnostics, has secured $700 million in funding from venture capitalists, wealthy individuals, and celebrities, according to Bloomberg, referring to a statement from the company. The round was spearheaded by billionaire Eyal Ofer's OG Venture Partners along with Lightspeed Venture Partners. Neko Health's backers feature supermodel Claudia Schiffer,...

Taiwan Semiconductor Manufacturing Company (TSMC), the leading contract chip manufacturer globally, has disclosed initial revenue information. TSMC's earnings for the initial half of 2026 increased by 35.6% to a new high of NT$2.4 trillion ($75 billion). In June, it hit NT$442.68 billion ($13.8 billion), an increase of 67.9% compared to the previous year. TSMC will release its complete...

Oliver Blume, the CEO of Volkswagen, a German car manufacturer, asserted that there are more intelligent ways to cut costs than shutting down factories. He informed German media that VW successfully cut costs at its German factories by an average of 20% last year, describing this as "substantial advancement." "We have a high demand for our products, yet our profit margins are insufficient,"...

Baker Hughes Co., an American oilfield services firm, has obtained approval from the European Commission for its $13.6 billion takeover of fellow American firm Chart Industries Inc., as announced by the EU's antitrust body. "The European Commission voiced worries that the initially proposed transaction could diminish competition in worldwide markets for gas liquefaction technologies and equipment...

In the fiscal year concluding in March 2026, eight firms in the Toyota Motor Group divested shares in other companies totaling ¥935.3 billion ($5.8 billion). As reported by Nikkei, referencing Toyota Motor's financial reports, this action aims to enhance the automaker's liquidity and capital efficiency, while also releasing funds for restructuring efforts. A total of stakes in 44 external...

Elon Musk (ranked No. 1 on the Forbes Global Billionaires list, valued at $927.2 billion as of July 9, according to Forbes Real-Time Billionaires) will incur a $1.5 million penalty for hiding details regarding his 2022 Twitter stock purchase. The U.S. Securities and Exchange Commission (SEC) revealed the resolution of allegations against the billionaire in May, and a federal court reaffirmed the...

Apple Inc. intends to invest more than $30 billion in Broadcom chips as part of a new multi-year deal, as stated in a press release from the iPhone manufacturer. This represents Apple's biggest investment to date, aligning with its commitment made last year to invest $600 billion into the U.S. economy over a four-year period. This will enable the production of more than 15 billion chips in the US...