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Companies & CEOs

Hong Kong Stock Exchange to stop listing property developer China Evergrande

Dinkun Chen
China Evergrande Group, a struggling Chinese property developer, announced that its shares will cease trading on the Hong Kong Stock Exchange on August 25. The management of the exchange chose to halt the listing of the shares due to no trades...

Ford to invest $2 billion in affordable electric vehicle production in the U.S.

Ivan Radic
Ford Motor Company intends to invest $2 billion to renovate a facility in Kentucky for the production of budget-friendly electric vehicles. The company's press release states that the inaugural model manufactured at the facility will be a mid-size...

Eni finds a partner to transform waste into high-quality plastic

Eni via flickr
Eni's chemical sector Versalis and Italy's Acea Ambiente, an expert in waste-to-energy from landfills, have entered into a memorandum of understanding to create collaborative projects for recovering plastic waste from consumers and industries. The...

Samsung to make iPhone image sensors in Texas

pexels
Samsung Electronics in South Korea will produce digital image sensors for Apple Inc. that are utilized in the iPhone, according to the Financial Times. The American firm stated it would collaborate with Samsung's semiconductor facility in Austin,...
Markets & Industries

US budget deficit grows by 19% in July, by 7% for 10 months of the fiscal year

pxhere
The budget deficit for the US in July reached $291.143 billion, reflecting a 19.4% increase compared to the same month last year, according to the Finance Department of the country. Revenues rose by 2.5%, reaching $338.492 billion. The budget...

Rheinmetall CEO predicts cheaper production of tanks and armored vehicles

Fric.matej
Armin Papperger, head of the arms firm Rheinmetall AG, informed the Financial Times that prices for tanks, armored vehicles, and artillery are expected to drop in the years ahead. This was his remark concerning concerns that increasing European...

China urges local companies to avoid Nvidia AI chips

creativecommons.com
China is advising local firms against utilizing Nvidia Corp.'s H20 processors, particularly for government applications, according to Bloomberg, which references sources. Nvidia developed a tailored version of its AI chips (H20) for the Chinese...

Global central banks purchase 22 tons of gold in June

itoldya test1 - GetArchive
According to preliminary estimates from the World Gold Council (WGC), global central banks raised the amount of gold in their gold and foreign currency reserves by 22 tons in June. WGC analyst Krishan Gopaul observes that purchases have steadily...
In-depth coverage

Mittelstand, Germany’s Hedge Against Crisis

It’s a stormy weather for Europe's biggest economy right now: Germany is facing a recession as high energy costs are becoming a huge burden, for the country's industrial companies especially. All this would be spelling trouble for the entire region if not for the Mittelstand, a bunch of stable German businesses that keep working hard and inspire others.When it comes to discussions about a Germa...
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World & Politics

Iran to lead Middle East conventional refinery capacity growth by 2030

Bureau of Land Management
Increasing domestic demand alongside abundant oil reserves will lead to major refining capacity growth in the Middle East, industry source Offshore Technology reports, referencing findings from GlobalData Energy. The Middle East is projected to be...

Foreign ministers of several countries call on Israel to refuse new operation in Gaza

UN Photo/Shareef Sarhan
According to a joint statement by the foreign ministers, Australia, Germany, Italy, New Zealand, and the United Kingdom have expressed their opposition to the Israeli government's decision to initiate a new military operation in the Gaza Strip. The...

Canada eyes Arctic shipping to Europe

D. Gordon E. Robertson
The Canadian government is considering the development of a remote northern port on Hudson Bay to serve as a route for exporting natural gas, potash, canola, and other products as Canada aims to lessen its economic reliance on the United States,...

Trump says he is ready to meet with Putin

Presidential Press and Information Office
US President Donald Trump stated on Thursday that he is ready to engage with his Russian counterpart Vladimir Putin, even though the latter currently has no plans to discuss matters with Ukrainian leader Volodymyr Zelensky. “No,” Trump replied when...
Management & Strategy

BP plans to cut at least 15% of office staff

Mike Mozart via flickr
BP plc is set to undertake a new assessment of its operations and expenses, aiming to reduce its office workforce by at least 15%, according to the Financial Times. This follows just months after its recent strategic revamp faced a lukewarm response...

The Information: ChatGPT developer doubles its annual income

Jernej Furman
According to a source cited by The Information, the American firm OpenAI, known for developing the ChatGPT chatbot, saw its revenue increase to $12 billion year-on-year in the first seven months of 2025. As The Information notes, this number...

Jaguar Land Rover to lay off up to 500 employees

Hugh Venables
Automobile manufacturer Jaguar Land Rover (JLR) intends to reduce up to 500 management roles in the UK due to the adverse effects of import taxes implemented by the US, as stated by the company. The decrease will reach a maximum of 1.5% of the...

Smirnoff and Guinness maker confirms CEO resignation

Mkorukmez
British Diageo Plc, the largest alcoholic drink company globally, revealed the resignation of its CEO Debra Crew. The company’s press release states that the search for a new CEO has already started. This role will be temporarily occupied by Chief...