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Markets & Industries
China bans companies from purchasing AI chips
Companies & CEOs
TikTok's American division may be sold to a consortium involving Oracle
World & Politics
Kallas confirms EC plans to impose restrictions on trade with Israel
Companies & CEOs
TikTok's American division may be sold to a consortium involving Oracle
The American branch of the social media platform TikTok could be acquired by a group of investors that includes Oracle Corp., according to The Wall Street Journal, referencing sources. The report states that the division will be separated into a...
Starbucks may sell control of China business by end of October
Investment firms Carlyle Group and EQT, along with China's HongShan Capital Group and Boyu Capital, are finalizing their bids to acquire a majority share of the Chinese branch of Starbucks Corp., according to Reuters. As per the agency's sources,...
Hyundai delays US plant construction after anti-immigration raid
The establishment of a battery facility in Georgia, USA, collaboratively managed by South Korean firms Hyundai Motor Group and LG Energy Solution, has faced several months of postponement following an immigration enforcement operation at the...
ExxonMobil expects EU to sign multi-year contracts to buy gas from the US
ExxonMobil Corp. anticipates that the European Union will finalize long-term contracts to purchase gas from the US as part of a trade deal where Brussels has agreed to acquire $750 billion in energy from the US, writes the Financial Times. According...
Markets & Industries
China bans companies from purchasing AI chips
The Cyberspace Administration of China (CAC) has prohibited major tech firms from acquiring Nvidia Corp. chips intended for artificial intelligence, according to the Financial Times, which referenced three sources aware of the situation. Sources...
ECB raises eurozone inflation forecast for 2025-2026
The European Central Bank announced following its September meeting that consumer prices in the eurozone will rise by 2.1% in 2025 and by 1.7% in 2026. Three months prior, the regulator estimated the first number at 2%, the second at 1.6%. In...
Deutsche Bank, Barclays improve forecasts for the S&P 500 index
Analysts at Deutsche Bank and Barclays have raised their predictions for the U.S. stock index S&P 500. Deutsche Bank currently anticipates it will hit 7,000 points by year-end, up from its earlier expectation of 6,550 points. The S&P 500 ended...
Fitch raises copper price forecast to 2028, revises other metals
Fitch Ratings has updated its short- and medium-term price forecasts for iron ore, coal, base metals, and precious metals, which are utilized to project the operational and financial results of firms in the sector. Copper price expectations have...
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
Kallas confirms EC plans to impose restrictions on trade with Israel
EU Foreign Minister Kaja Kallas verified in a discussion with Euronews the European Commission's (EC) intentions to halt trade clauses of the Association Agreement with Israel due to military activities in the Gaza Strip and Israeli actions in the...
EU condemns Jerusalem attack
The EU demands an end to violence in Israeli-Palestinian relations and condemns the assault on civilians in Jerusalem, said Anouar El Anouni, spokesperson for EU Foreign Minister Kaja Kallas, during a briefing. “We denounce this assault, just as we...
Ishiba confirms he decided to step down as Japan's prime minister
Shigeru Ishiba has announced his decision to resign as Japan's prime minister and head of the Liberal Democratic Party (LDP), stating that he delayed this move due to the necessity of addressing the issue with US tariffs. “Who would genuinely engage...
Kallas announces that EU countries will increase defense spending by €2 trillion by 2031
EU countries aim to assign extra €2 trillion for defense expenses by 2031, stated EU Foreign Minister Kaja Kallas on Wednesday. “Europe has initiated the most extensive military initiative in contemporary history. Starting now, an extra two trillion...
Management & Strategy
UK companies are cutting jobs at the fastest pace since 2021
According to the Bank of England, UK businesses are reducing positions at the quickest rate since 2021 and providing the bleakest employment outlooks since the pandemic began. UK firms reduced their employee count by 0.5% year-on-year from June to...
Rio Tinto splits business into three segments, announces management changes
Australian miner Rio Tinto is restructuring its operations and dividing them into three segments, the company announced in a statement. Rio Tinto will now feature a segment for iron ore, a segment for copper, and a segment for aluminum and lithium....
BP plans to cut at least 15% of office staff
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
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...
Most Popular
European Tech Sovereignty: Europe Enters the Era of Exascale with the Inauguration of the Jupiter Supercomputer
09/07/2025
Microsoft restricts Chinese companies' access to early notifications about vulnerabilities
08/21/2025
TikTok may replace hundreds of moderators in the UK with artificial intelligence
08/25/2025
China may allow yuan-backed stablecoins
08/22/2025
Tokyo tops list of best cities for remote work
08/19/2025
Innovation & tools
Innovation & Tools
Tesla opens up Robotaxi app
TikTok may replace hundreds of moderators in the UK with artificial intelligence
Microsoft restricts Chinese companies' access to early notifications about vulnerabilities
The US is getting ready for $500 billion IPO of Fannie Mae and Freddie Mac
Discovery
Discovery
Bloomberg lists key economic risks for 2022
Researchers: LEGO sets are better investment than gold and bonds
Expert: Fertilizers shortages could cause famine in the world's poorest countries
OIV: Global wine production will be extremely low in 2021
Reuters: China uses Australian coal despite refusing to import it
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