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Companies & CEOs

Semiconductor manufacturer Infineon returns to quarterly profit

Semiconductor manufacturer Infineon returns to quarterly profit
German semiconductor producer Infineon Technologies AG announced a net profit and higher revenue for the fourth quarter of its fiscal year 2025, which ran from July to September. During this quarter, the company's revenue rose by 1% compared to the...

Goldman Sachs to receive record $110 million fee for Electronic Arts sale

Goldman Sachs to receive record $110 million fee for Electronic Arts sale
Goldman Sachs Group will get a fee of $110 million for helping Electronic Arts (EA) with a deal where a group of investors is buying the video game company for $55 billion. This is the biggest M&A fee ever recorded for the investment bank, as...

Warren Buffett announces "going low" and giving $1.3 billion to charity

Warren Buffett announces "going low" and giving $1.3 billion to charity
Legendary investor and Berkshire Hathaway CEO Warren Buffett, who is ranked 10th on the Forbes online billionaires list with a net worth of $148.2 billion, released a letter to shareholders in which he stated he would be "going low." This means he...

Anthropic to open offices in Paris and Munich

Anthropic to open offices in Paris and Munich
American AI startup Anthropic has revealed plans to establish new offices across Europe, marking an expansion of its operations in the region where interest in its AI, Claude, is consistently increasing. The company will set up its initial European...
Markets & Industries

Google to invest €5.5 billion in Germany over 4 years

Google to invest €5.5 billion in Germany over 4 years
Google intends to invest €5.5 billion in data centers and other business activities in Germany over the course of the next four years. This announcement was made in Berlin during a meeting with German government officials. The plan involves...

The Netherlands will relinquish control of Nexperia if its chip shipments from China resume

The Netherlands will relinquish control of Nexperia if its chip shipments from China resume
Dutch officials are ready to halt the order that enabled the government to take control of Nexperia, a chip manufacturer owned by the Chinese company Wingtech Technology Co., according to Bloomberg, which is quoting unnamed sources. This action...

EU to allocate €2.9 billion for non-fossil fuel development by 2027

EU to allocate €2.9 billion for non-fossil fuel development by 2027
The European Commission has introduced a set of initiatives aimed at speeding up the growth of high-speed rail services and boosting investment in renewable and low-carbon fuels for air and water transport. According to an EC press release, the...

Potential US economic damage from shutdown estimated at up to $14 billion

Potential US economic damage from shutdown estimated at up to $14 billion
The current federal government shutdown may cost the US economy up to $14 billion, depending on how long it lasts, as reported by the Congressional Budget Office (CBO). The government shutdown in the US has now lasted five weeks, starting on October...
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

EU prepares new plan to implement its trade agreement with the United States

EU prepares new plan to implement its trade agreement with the United States
The European Union is set to propose a new plan to the United States for the next stage of their trade agreement, according to Bloomberg, which is quoting sources. As per the information from the agency, the EU's plan to be shared with the US will...

France to help draft Palestinian constitution

France to help draft Palestinian constitution
French President Emmanuel Macron and President of the Palestinian National Authority Mahmoud Abbas announced the formation of a joint committee to draft a constitution for the State of Palestine, according to BFMTV. Macron spoke at the Elysee...

The US Senate passes a bill that would end the shutdown

The US Senate passes a bill that would end the shutdown
The US Senate has passed a bill that will end the longest government shutdown in US history, bringing an end to a prolonged period of inaction that left hundreds of thousands of federal employees without pay, caused disruptions in air travel, and...

COP30 Climate Summit begins in Brazil

COP30 Climate Summit begins in Brazil
World leaders, scientists, and members of civil society from across the globe are meeting in the Brazilian city of Belém for the COP30 Climate Summit, with the aim of addressing the challenge of limiting the rise in global temperatures and cutting...
Management & Strategy

Cybertruck Head to leave Tesla after eight years

Cybertruck Head to leave Tesla after eight years
Siddhant Awasthi, who was in charge of developing and producing the Cybertruck electric pickup at Tesla, is leaving the company, as mentioned in a LinkedIn post. In addition to other roles, Awasthi was responsible for the product strategy, quality...

Musk to leave Tesla if he doesn't receive $1 trillion compensation package

Bret Hartman
Tesla's chief executive, Elon Musk, might step down from his position if shareholders do not approve a new compensation plan. According to Robyn Denholm, the company's chairperson, the proposed plan would reward Musk with a total of $1 trillion over...

Bernard Arnault buys €1.4 billion worth of LVMH shares in eight months

Jérémy Barande
French billionaire Bernard Arnault bought shares worth about €1.4 billion in the luxury goods company LVMH over eight months ending mid-September, as reported by the Euronext Paris website. Arnault acquired approximately 2.5 million shares, which...

Former McLaren Automotive CEO Michael Leiters may become new CEO of Porsche

goodfon
Porsche announced that former McLaren Automotive CEO Michael Leiters could become the new CEO of the German luxury car brand. The supervisory board of the company will start talks with Chairman of the Board of Management Oliver Blume about his...