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Companies & CEOs

UK fintech company Wise to move US primary listing from London

UK fintech company Wise to move US primary listing from London
The UK fintech firm Wise has revealed plans to transition to a dual listing. Wise stated in its annual report that the main listing will shift to the US from the London Stock Exchange (LSE), where the company will maintain a secondary listing. ...

Apple to appeal EC order to ensure iOS compatibility with rival products

Freerange Stock
Apple Inc. has lodged an appeal with the European Court of General Jurisdiction challenging the European Commission's directive to enhance the compatibility of its iOS operating system with rival products, according to The Wall Street Journal. At...

UK fully withdraws from NatWest Bank's capital

Howard Lake
The UK government has fully divested its holdings in NatWest Bank (previously Royal Bank of Scotland), according to the Financial Times. Earlier this month, the state's share has already dropped below 1%. In December 2023, it stood at 38%. The...

Dell’s revenue up 5% in Q1, exceeds forecast

Someformofhuman
Dell Technologies reduced net income by 3% in the first quarter of fiscal 2026 while boosting revenue by 5% and provided a positive outlook for the ongoing quarter. In a press release, the company reported that its net income for the quarter ending...
Markets & Industries

IEA forecasts investment in global oil and gas production to fall in 2025 for the first time in 5 years

PICRYL
In 2025, investments in the upstream segment by oil and gas companies could drop for the first time in five years, decreasing by 4% to just below $570 billion. This is the prediction made by analysts at the International Energy Agency (IEA) in the...

ECB cuts eurozone inflation forecast for 2025-2026

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The European Central Bank stated in its forecast that consumer prices in the eurozone will rise by 2% in 2025 and by 1.6% in 2026. The document was released following a forecast where the ECB reduced rates by 25 bps. Three months prior, the...

German government approves €46bn business tax incentives package

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According to Reuters, citing the German Finance Ministry, the German government approved a tax relief package worth €46 billion to aid businesses and the overall economy from 2025 to 2029. The package includes advantageous depreciation regulations...

Tesla sales in France fall threefold in May

Ivan Radic
In May, 721 new Tesla electric cars were registered in France, a figure three times lower than the nearly 2.2 thousand cars from the same month last year, according to local industry group La Plateforme Automobile. This marks the smallest volume...
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

European Commission to allocate €175m for reconstruction in Syria

Peter Biro
The European Commission has declared €175 million for aiding Syria's economic revival. “Syria is at a decisive point in its history - a moment of genuine potential to transition from a history characterized by conflict to a future grounded in peace,...

Trump says he is in favor of scrapping the U.S. state debt limit

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US President Donald Trump endorsed the notion of eliminating the cap on US government debt and cautioned about the potential for economic difficulties if this action is not implemented. The state’s debt ceiling should be eliminated entirely. “It...

Russia hands Ukraine memorandum on ceasefire and long-term peace

NARA & DVIDS Public Domain Archive - GetArchive
Russia has presented Ukraine with a memorandum regarding a ceasefire and the establishment of comprehensive peace, and Kiev is currently reviewing it, according to Vladimir Medinsky, the head of the Russian delegation at the Istanbul talks. “We...

EU lifts all economic sanctions from Syria

أبو بكر السوري
The European Union has formally removed all economic sanctions imposed on Syria. "The EU Council announced the adoption of legal documents regarding the termination of all economic restrictive measures against Syria," the EU Council stated in a...
Management & Strategy

CrowdStrike CEO donates over $1bn worth of company shares

heute.ag
George Kurtz, the CEO of US cybersecurity company CrowdStrike, has donated over $1bn in shares of his firm, as indicated by filings available on the US Securities and Exchange Commission (SEC) website. Kurtz's submissions do not reveal the...

Buffett to step down as CEO of Berkshire Hathaway at the end of the year

Fortune The Most Powerful Women via flickr
Berkshire Hathaway Inc, the investment firm of American billionaire Warren Buffett, reduced its operating profit in the first quarter of 2025 by 14 percent, while its net income decreased by 2.8 times. Buffett, 94, who has steered Berkshire for...

Intel plans to cut 20% of its workforce

M.O. Stevens
U.S. semiconductor manufacturer Intel Corp. intends to reduce its workforce by over 20%, a source told Bloomberg. He mentioned that the company may reveal the layoffs as soon as this week. The source indicates that Intel is prepared to make this...

British Steel suspends layoffs of up to 2.7k employees

Simon Dawson / No 10 Downing Str
British Steel, the UK steel producer, has halted plans to dismiss as many as 2,700 workers due to a shift in management, according to the Financial Times. It was previously announced that the firm, which is part of China's Jingye Group, would shut...