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Companies & CEOs

General Motors to increase pickup truck production at Michigan plant

General Motors to increase pickup truck production at Michigan plant
American car manufacturer General Motors intends to transition its heavy-duty pickup factory in Michigan to six-day shifts beginning in June due to heightened demand for these vehicles, the company stated. The facility that manufactures Chevrolet...

AI biotech Insilico Medicine signs $2.75 billion agreement with Eli Lilly

AI biotech Insilico Medicine signs $2.75 billion agreement with Eli Lilly
Pharmaceutical firm Eli Lilly and biotech startup Insilico Medicine have signed a deal valued at up to $2.75 billion. Eli Lilly and Insilico have decided to partner on drug development, utilizing Pharma.AI, the firm's AI-driven biotech platform....

Bloomberg: 43-year-old OnlyFans owner Leonid Radvinsky dies of cancer

Bloomberg: 43-year-old OnlyFans owner Leonid Radvinsky dies of cancer
Billionaire Leonid Radvinsky, owner of OnlyFans and ranked No. 870 on the Forbes Global Billionaires list with a net worth of $4.7 billion as of March 23, has passed away at 43 years old, according to a company statement reported by Bloomberg. "We...

McDonald's named world's most valuable restaurant brand for second year in a row

McDonald's named world's most valuable restaurant brand for second year in a row
For the second consecutive year, McDonald's Corp. has been recognized as the most valuable restaurant brand globally, as per a study conducted by the consulting firm Brand Finance. The fast-food chain's worth rose 5% from the previous year to reach...
Markets & Industries

Retail investors switch to net selling of US stocks for the first time since 2023

Retail investors switch to net selling of US stocks for the first time since 2023
Retail investors in the US stock market started selling more stocks than buying for the first time since November 2023, according to a report by Bloomberg, which is based on data from the research firm Vanda Research. On Monday, March 23, their...

Eurozone manufacturing PMI reaches 45-month high in March

Eurozone manufacturing PMI reaches 45-month high in March
The Eurozone Manufacturing Purchasing Managers' Index (PMI) reached a high not seen in 45 months, hitting 51.4 in March, an increase from 50.8 in February, as reported by S&P Global in a preliminary estimate. Analysts surveyed by Trading Economics...

Vietnamese airlines cancel some domestic flights due to fuel shortages

Vietnamese airlines cancel some domestic flights due to fuel shortages
Several Vietnamese airlines are planning to temporarily stop some domestic flights because of fuel shortages and increasing costs caused by the conflict in the Middle East, according to a report by Bloomberg. The Civil Aviation Authority of Vietnam...

Military action against Iran paralyzes deals in the US oil and gas sector

Military action against Iran paralyzes deals in the US oil and gas sector
The military campaign targeting Iran has stalled significant contract discussions within the US oil and gas sector. The Financial Times (FT) reports that the fighting has led to oil price fluctuations, complicating asset valuations and prompting...
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

G7 ministers ready to work to ensure energy market stability

G7 ministers ready to work to ensure energy market stability
The finance ministers of the G7 declared in a statement that they are prepared to implement all required measures to maintain stability in the energy market, reports The Guardian. The ministers declared that they are prepared to "implement all...

European Commission will present tax measures to mitigate rising energy prices

European Commission will present tax measures to mitigate rising energy prices
Valdis Dombrovskis, the Commissioner for Economic Affairs, stated that the European Commission, acting on behalf of the European Council, is working on specific temporary measures aimed at dealing with the increasing energy costs. He stated at a...

Australian government halves fuel tax amid rising petrol and diesel prices

Australian government halves fuel tax amid rising petrol and diesel prices
The Australian government has decided to temporarily reduce the fuel tax by half in order to shield consumers from the effects of rising global energy prices, which have increased due to the ongoing conflict in the Middle East, according to...

Bloomberg: US prepares for oil price hikes to $200

Bloomberg: US prepares for oil price hikes to $200
According to Bloomberg's sources, the US presidential administration is evaluating the economic consequences of a potential increase in oil prices to $200 per barrel. Based on these sources, US officials aim to be ready for every possibility,...
Management & Strategy

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,...

Toyota Motor announces upcoming CEO change

Toyota Motor announces upcoming CEO change
Toyota Motor, the world's largest automobile manufacturer, will replace its Chief Executive Officer starting on April 1. According to the company press release, Kenta Kon, who is currently leading the corporation's finance division, will take on the...

Pinterest to cut 15% of staff

Pinterest to cut 15% of staff
American Pinterest Inc., which operates the widely used online visual bookmarking platform, has announced its intention to reduce office space and cut staff by less than 15%, according to a statement released on the website of the U.S. Securities...

Staff reductions at leading US banks in 2025 reach the highest in nine years

Staff reductions at leading US banks in 2025 reach the highest in nine years
In 2025, leading U.S. banks plan to reduce their workforce by a total of 10,600, which is the highest number of job cuts in nine years. As of the end of December, the combined number of employees at six major financial institutions – JPMorgan Chase...