The Strategist

The Strategist
Latest News & Analysis
Companies & CEOs

Polymarket seeks recognition as a financial corporation in Europe

Polymarket seeks recognition as a financial corporation in Europe
Polymarket, a prediction market platform located in the US, has initiated a lobbying effort in Europe and the UK, according to the Financial Times (FT). As reported by the newspaper, the firm intends to operate under regulations designed for...

OpenAI and Anthropic release new AI models and lower prices

OpenAI and Anthropic release new AI models and lower prices
On September 23, Anthropic and OpenAI launched more affordable variants of their leading AI models as competition with each other and Chinese rivals escalates, according to the Financial Times (FT). The adjustments relate to the expense of utilizing...

Orlen lost $400 million attempting to buy Venezuelan oil for cryptocurrency

Orlen lost $400 million attempting to buy Venezuelan oil for cryptocurrency
The Polish energy company Orlen incurred losses of almost $400 million attempting to acquire Venezuelan oil in defiance of US sanctions. According to the Financial Times, payment was completed with cryptocurrency. In 2023, Orlen completed...

GM organizes US-based battery development to reduce reliance on China

GM organizes US-based battery development to reduce reliance on China
US automotive manufacturer General Motors intends to create next-generation battery cells. The firm believes this decision will decrease US reliance on China while also boosting the amount of materials obtained locally. Kurt Kelty, GM’s vice...
Markets & Industries

FT: Europeans are paying €203 million extra per day for diesel

FT: Europeans are paying €203 million extra per day for diesel
Increasing diesel costs are burdening European motorists with €203 million daily, according to the Financial Times. An evaluation of European Commission figures by the European NGO Transport & Environment indicated that motorists are spending...

Bloomberg: Indian refiners may cut Russian oil purchases

Bloomberg: Indian refiners may cut Russian oil purchases
Indian oil refineries might cut back on their imports of Russian oil after Donald Trump approved legislation on September 18 that enforces the Graham Bill sanctions on Russia, according to Bloomberg. The agency reports that in the past months,...

Saudi Aramco says it’s unable to supply oil to European refineries in October

Saudi Aramco says it’s unable to supply oil to European refineries in October
Bloomberg reported on Friday, referencing sources, that Saudi Aramco will not provide crude oil to European refineries in October. Sources indicate that Saudi Aramco informed at least two European refineries that it will not provide oil to them in...

10-Year US Treasury yields hit highest level since 2007

10-Year US Treasury yields hit highest level since 2007
The return on US 10-year Treasury bonds has hit a peak not observed in almost 20 years, according to CNBC. On Tuesday, September 15, the yield increased by 5 basis points to reach 5.041%—the peak level since July 2007. During the trading session,...
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...
>>> Zoom on Earth
World & Politics

Bangladesh to buy 11 more Boeings to strengthen trade ties with the US

Bangladesh to buy 11 more Boeings to strengthen trade ties with the US
Bangladeshi officials have opted to increase the anticipated orders for the national airline, Biman Bangladesh Airlines. According to Reuters, citing the US manufacturer, an extra five Boeing 787-10 Dreamliners and six Boeing 737-8 MAX aircraft will...

US administration prepares plan for 90-day diesel export ban

US administration prepares plan for 90-day diesel export ban
According to sources cited by Politico, the White House is preparing a strategy to implement a 90-day restriction on diesel fuel exports to reduce energy costs before the US midterm congressional elections in November. The Trump administration is...

London to assist Riyadh with aerial refueling in the Houthis conflict

London to assist Riyadh with aerial refueling in the Houthis conflict
UK Prime Minister Andy Burnham declared early Tuesday that London would support Riyadh with aerial refueling for planes amid the conflict with Yemen's Houthis, The Guardian reports. "We got a request from Saudi Arabia for assistance in military...

Venezuelan authorities and opposition are nearing agreement to transfer gold reserves to New York

Venezuelan authorities and opposition are nearing agreement to transfer gold reserves to New York
According to the Financial Times, Venezuela's interim government and the opposition—currently involved in US-supported talks—are likely to finalize an agreement to move 31 tons of Venezuelan gold valued at $4 billion (representing the nation's...
Management & Strategy

Warren Buffett hands over Berkshire chairmanship to his son

Warren Buffett hands over Berkshire chairmanship to his son
Howard Buffett, son of Warren Buffett, has been appointed chairman of the board of directors for Berkshire Hathaway, as announced by the investment company. His 96-year-old father, who once occupied the position, has transitioned to the role of...

Volkswagen's board of directors approves 50,000 job cuts

Volkswagen's board of directors approves 50,000 job cuts
The Volkswagen Board of Directors has sanctioned a restructuring initiative that involves eliminating as many as 50,000 positions and halting vehicle manufacturing at four facilities in Germany, according to the Associated Press. The company stated...

Ackman to donate 10 million Pershing Square shares to Brain Institute

Ackman to donate 10 million Pershing Square shares to Brain Institute
Billionaire Bill Ackman and his spouse, Neri Oxman, plan to give 10 million shares of the hedge fund Pershing Square to support the brain research center he established in New York, according to Bloomberg, referencing a social media update from...

The Porsche family demands swift restructuring of Volkswagen

The Porsche family demands swift restructuring of Volkswagen
Porsche Automobil Holding (Porsche SE), the holding company overseen by the Porsche family and owning 53% of the voting shares in the Volkswagen Group (VW), has insisted that the automaker implement a prompt restructuring. Porsche SE CEO Hans Dieter...