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Companies & CEOs

Lufthansa follows Air France-KLM in submitting a bid for stake in TAP

Lufthansa follows Air France-KLM in submitting a bid for stake in TAP
Lufthansa, the German airline, has put in an initial proposal for a share in the Portuguese airline TAP, according to Bloomberg. Earlier on Thursday, reports indicated that Air France-KLM had made a proposal for a share in the airline, which is in...

Tesla shares fall on weaker electric vehicle deliveries

Tesla shares fall on weaker electric vehicle deliveries
Tesla stock dropped 4.6% at the Nasdaq opening on April 2 in the US, reaching a low of $363.65, based on trading statistics. According to Bloomberg, this marks the most significant intraday drop for the company in almost two months. Tesla shares...

Unilever suspends hiring amid Middle East conflict

Unilever suspends hiring amid Middle East conflict
Unilever, a major player in the global fast-moving consumer goods (FMCG) industry, is set to halt all hiring activities across the organization for a period of at least three months, according to a report by Reuters, which references a letter sent...

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...
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

European Commission calls on EU countries to coordinate their actions amid the energy crisis

European Commission calls on EU countries to coordinate their actions amid the energy crisis
European Commissioner for Energy, Dan Jorgensen, urged EU member states to get ready for a possible long-lasting energy crisis and to work together in a coordinated manner. In the context of market instability caused by the Middle East crisis and...

South Korea approves $17 billion in stimulus to mitigate impact of Iran conflict

South Korea approves $17 billion in stimulus to mitigate impact of Iran conflict
South Korea has unveiled a stimulus package worth 26.2 trillion won, which is approximately $17.3 billion, aimed at reducing the economic effects of the conflict in the Middle East, according to Bloomberg. The increasing cost of oil due to the...

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...
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...