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Companies & CEOs

South Korean broker Mirae did not receive SpaceX shares in the IPO due to misunderstanding

South Korean broker Mirae did not receive SpaceX shares in the IPO due to misunderstanding
South Korean firm Mirae Asset Securities Co., among the 23 underwriters for the SpaceX IPO, was the sole entity that did not acquire shares in the offering, according to Bloomberg. Involvement in the IPO was anticipated to elevate Mirae into the...

Ferrari and BMW are switching from copper to aluminum to reduce production costs

Ferrari and BMW are switching from copper to aluminum to reduce production costs
High-end automakers Ferrari and BMW are creating new models that will incorporate less copper and a greater amount of aluminum, especially in their electrical wiring. As per Reuters, this mainly targets lowering production expenses. Consequently,...

SAS orders Airbus aircraft worth over $10 billion

SAS orders Airbus aircraft worth over $10 billion
Scandinavian Airlines (SAS) revealed plans to acquire 40 wide-body planes from European aerospace company Airbus. The airline stated that this "constitutes the biggest aircraft order ever made by SAS, totaling over $10 billion in list price." The...

Microsoft loses $570 billion in market cap in worst month since 2000

Microsoft loses $570 billion in market cap in worst month since 2000
According to trading data reported by Bloomberg, Microsoft shares are facing their most significant monthly decline since the dot-com period. Since early June, stock prices have decreased by 17%, marking their poorest performance since at least...
Markets & Industries

Germany wants to increase domestic production of American-designed weapons

Germany wants to increase domestic production of American-designed weapons
German officials aim to increase the manufacturing of US-designed armaments in German facilities, according to German Defense Minister Boris Pistorius. He pointed out that although there are claims regarding Europe's need for greater...

Lufthansa may ground up to 40 aircraft due to fuel shortages

Lufthansa may ground up to 40 aircraft due to fuel shortages
The German airline Lufthansa is set to idle as many as 40 planes because of a fuel deficiency, according to Spiegel. As per the newspaper, CEO Carsten Spohr updated employees about this, highlighting a major decline in the fuel circumstances. The...

Iran war negatively impacts Swiss watches export

Iran war negatively impacts Swiss watches export
In May, Swiss watch exports rose by merely 0.4% compared to the previous year, influenced by the circumstances regarding Iran and the broader Middle East. During the initial five months of the year, exports declined by 3.1%. This information is...

Investors pour record $120 billion in U.S. equity funds in a week

Investors pour record $120 billion in U.S. equity funds in a week
Global investors boosted their investments in American equity funds at an unprecedented rate following the de-escalation news between the United States and Iran, coupled with the excitement surrounding SpaceX's record placement. For the week ending...
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

Energy Institute notes increase in global CO2 emissions in 2025

Energy Institute notes increase in global CO2 emissions in 2025
According to the Energy Institute's Statistical Review of World Energy, global carbon dioxide emissions rose by 1.1% to 41 billion tonnes in 2025. The energy industry was responsible for around 87% of total CO2 emissions, equating to 35.806 billion...

Japan's Prime Minister sets to increase GDP to $6.9 trillion by 2040

Japan's Prime Minister sets to increase GDP to $6.9 trillion by 2040
According to Japanese Prime Minister Sanae Takaichi, Japan's GDP is projected to rise to 1,100 trillion yen ($6.9 trillion) by the fiscal year starting in April 2040, as stated by Bloomberg. "The strategy, spanning until the fiscal year 2040, seeks...

Pezeshkian states his readiness to implement the agreements if the US does so

Pezeshkian states his readiness to implement the agreements if the US does so
Iranian President Masoud Pezeshkian mentioned that Tehran will fulfill its commitments under the agreement with the US if the American side also complies. “Reciprocal comprehension is a bidirectional process,” Pezeshkian stated on the social media...

Oman warns Europe of possible Strait of Hormuz toll

Oman warns Europe of possible Strait of Hormuz toll
Authorities in Oman have informed their European partners that it is improbable they will revert transit regulations for vessels navigating the Strait of Hormuz to the circumstances that existed prior to the US-Iran tensions, Bloomberg states,...
Management & Strategy

Heineken appoints outside director for the first time in its history

Heineken appoints outside director for the first time in its history
Heineken has named Rafael Oliveira, the CEO of coffee firm JDE Peet's, as its first-ever CEO, according to the Financial Times. This marks the first instance in the history of the Dutch brewery where an external director has been named CEO....

BBC to cut 550 jobs

BBC to cut 550 jobs
The BBC has announced that it will eliminate 550 positions. The job cuts will also impact the news and content divisions. Certain outdated programs will be shut down, and groups will be merged. The steps revealed on Wednesday will lower yearly...

WSJ: Disney plans to cut about 1,000 jobs

WSJ: Disney plans to cut about 1,000 jobs
Disney is planning major job cuts, which will be among the first important actions taken by the new CEO, Josh D'Amaro, according to a report by The Wall Street Journal referencing information from reliable sources. In the upcoming weeks, the company...

Bentley to cut jobs as electric vehicle development plan revised

Bentley to cut jobs as electric vehicle development plan revised
British luxury carmaker Bentley, which is part of the Volkswagen Group, is reducing its workforce to cope with "turbulent times" resulting from updated predictions about the demand for electric vehicles. Bentley's CEO, Frank-Steffen Walliser,...