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Companies & CEOs

Equinor to sell part of its Argentina assets for $1.1 billion

Equinor to sell part of its Argentina assets for $1.1 billion
Norwegian oil and gas company Equinor ASA has announced that it has reached an agreement to sell its onshore oil production operations in Argentina's Vaca Muerta Basin to Vista Energy for a total of $1.1 billion. Half of the total amount will be...

Flacks Group interested in buying troubled British Steel

Flacks Group interested in buying troubled British Steel
According to the Financial Times, Flacks Group is looking to purchase British Steel and combine it with another struggling steel company in Italy, which would result in the formation of one of the biggest steel companies in Europe. Businessman...

Nvidia plans major investment in OpenAI

Nvidia plans major investment in OpenAI
Nvidia Corporation intends to make a significant investment in OpenAI, the company behind the ChatGPT chatbot, as part of an upcoming funding round, according to the company’s CEO Jensen Huang. Huang previously refuted reports from earlier media...

Panama court annuls Hutchison's contract to manage ports on the Panama Canal

Panama court annuls Hutchison's contract to manage ports on the Panama Canal
The Supreme Court of Panama has canceled the contract of Hong Kong-based company CK Hutchison responsible for managing two ports located at opposite ends of the Panama Canal. This decision adds more uncertainty to the earlier agreement about selling...
Markets & Industries

Cocoa bean prices drop below $4,000 per ton for the first time since 2023

Cocoa bean prices drop below $4,000 per ton for the first time since 2023
The market has been in a downward trend for the past year because there is evidence showing that demand is becoming weaker. So far, prices have dropped by nearly 70% from the highest levels they reached at the end of 2024. The value of March cocoa...

US Treasury Department authorizes U.S. entities to transact with Venezuelan oil

US Treasury Department authorizes U.S. entities to transact with Venezuelan oil
The US Treasury Department has released a general license that permits the export, sale, storage, and refining of oil within the country, provided that these activities are carried out by a legal entity that is officially registered in the United...

Norway's sovereign wealth fund earns $247 billion in income in 2025

Norway's sovereign wealth fund earns $247 billion in income in 2025
The Government Pension Fund of Norway, also referred to as the Oil Fund, which is the world's largest sovereign wealth fund, made a profit of NOK 2.36 trillion, equivalent to approximately $247.4 billion, in 2025. The financial reports of the fund...

Gold approaches $4,900 despite easing tensions over Greenland

Gold approaches $4,900 despite easing tensions over Greenland
Gold persisted in its upward trend on Thursday, even as worries about a worsening US-Europe dispute over Greenland lessened. US President Donald Trump announced at the World Economic Forum in Davos on Wednesday that the United States seeks to...
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 allocates €50 million for Ukraine's energy needs

EU allocates €50 million for Ukraine's energy needs
The European Commission, along with the European Investment Bank, has given an extra €50 million to the Ukrainian state-owned energy company Naftogaz, the Commission shared in a press release on Thursday. These €50 million in emergency loans are...

European Union is concerned about growing dependence on US gas

European Union is concerned about growing dependence on US gas
The European Union is becoming more worried about its growing reliance on American liquefied natural gas, particularly after US President Donald Trump threatened to take control of Greenland, according to EU Energy Commissioner Dan Jorgensen, as...

EC says it’s ready to take Hungary and Slovakia to court under REPowerEU plan

EC says it’s ready to take Hungary and Slovakia to court under REPowerEU plan
The European Commission has expressed support for the approval of the EU regulation that imposes a full ban on the import of Russian gas and is prepared to challenge this legislative decision in court, stated EC spokesperson Anna-Kaisa Ikonen....

Trump announces tariff increase on South Korea to 25%

Trump announces tariff increase on South Korea to 25%
US President Donald Trump stated that he is increasing tariffs on South Korean products from 15% to 25%. He explained this decision in a post on the social media platform Truth Social, saying, "Because the Korean Parliament has not ratified our...
Management & Strategy

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...

Meta to lay off over 1,000 employees in virtual reality division

Meta to lay off over 1,000 employees in virtual reality division
Meta Platforms plans to cut jobs for more than 1,000 workers in its Reality Labs team, which makes virtual reality products, reports Bloomberg referring to the company’s internal memo. Employees who will be let go will start getting official notices...

Tesla board members earn over $3 billion from stock options

Tesla board members earn over $3 billion from stock options
Members of Tesla's board of directors have received over $3 billion in earnings from stock options, according to a report by Reuters, which references an analysis by Equilar. Notably, Kimbal, the brother of CEO Elon Musk, has earned approximately $1...