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Companies & CEOs

Emirates Group posts record annual pre-tax profit

Emirates Group posts record annual pre-tax profit
Emirates Group, which owns Emirates Airline, raised its pre-tax profit and revenue in the previous financial year ending March 31, even with flight cancellations stemming from military actions in Iran during the last month. Emirates Group's yearly...

OpenAI Co-Founder declares nearly $30 billion in the company in court

OpenAI Co-Founder declares nearly $30 billion in the company in court
OpenAI co-founder and President Greg Brockman revealed in court testimony a closer financial relationship with fellow co-founder and chief executive Sam Altman than had been previously disclosed. Brockman also stated that his ownership stake in the...

Bernard Arnault's LVMH decides to sell several brands and fashion houses

Bernard Arnault's LVMH decides to sell several brands and fashion houses
The French luxury conglomerate Louis Vuitton Moët Hennessy (LVMH), led by billionaire Bernard Arnault, intends to place several of its fashion, cosmetics, and beverage labels on the market, according to the Financial Times. LVMH is also weighing the...

AI startup Cerebras plans $3.5 billion IPO

AI startup Cerebras plans $3.5 billion IPO
Cerebras, an American AI startup looking to rival Nvidia, intends to secure up to $3.5 billion in an IPO on Nasdaq, as stated in its filing with the U.S. Securities and Exchange Commission (SEC). The firm intends to offer 28 million shares priced...
Markets & Industries

Global automakers' brand values declines for second consecutive year

Global automakers' brand values declines for second consecutive year
According to an annual study by Brand Finance, the brand value of the top global automakers fell for the second straight year: decreasing by 7% in 2026 after a 1% drop the year before. The research firm reports that it currently reaches $575.4...

Seven OPEC+ countries agree to increase oil production by 188,000 barrels per day

Seven OPEC+ countries agree to increase oil production by 188,000 barrels per day
Seven member nations of the OPEC+ alliance have consented to raise their combined oil output ceiling for June 2026 by 188,000 barrels per day, according to a final document released after the May 3 session. The communiqué indicated that Saudi...

GM, Ford, Stellantis warn of a $5 billion "commodity shock" due to Iran war

GM, Ford, Stellantis warn of a $5 billion "commodity shock" due to Iran war
GM, Ford, and Stellantis, the three largest automobile manufacturers in the United States, have issued a warning regarding a $5 billion "commodity shock" linked to the conflict in Iran, writes the Financial Times, based on the firms' first-quarter...

FT: China plans to resume fuel exports from May

FT: China plans to resume fuel exports from May
According to a report by the Financial Times, which is citing sources, China plans to restart the export of gasoline, diesel, and jet fuel starting in May. Large state-owned oil companies have sought permissions to export fuel in the upcoming month,...
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

Iran introduces new rules for passage through the Strait of Hormuz

Iran introduces new rules for passage through the Strait of Hormuz
Vessels will need to present Iran with their complete specifications and histories to cross the Strait of Hormuz, CNN writes, referencing a document prepared by Iran's Persian Gulf Strait Authority (PGSA). As per the channel, prior to navigating the...

Axios: USA is discussing resuming military action against Iran

Axios: USA is discussing resuming military action against Iran
According to several American and Israeli officials speaking to Axios, US President Donald Trump may authorize renewed military action against Iran as early as this week should diplomatic negotiations remain deadlocked. A senior official from the US...

Shooting occurs near the White House, a bystander injured

Shooting occurs near the White House, a bystander injured
Officers from the US Secret Service fired at a shooter near the White House, a bystander was wounded, according to ABC News. The gunfire took place at approximately 3:30 PM on Monday close to the National Mall, outside the White House grounds. The...

Trump orders to withdraw 5,000 American troops from Germany

Trump orders to withdraw 5,000 American troops from Germany
Donald Trump has issued an order to redeploy 5,000 American service members out of Germany, according to a report by The Wall Street Journal citing official statements. "The Pentagon performed an extensive assessment of its military alignment across...
Management & Strategy

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,...

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...