The electrical steel division of the German industrial group Thyssenkrupp will entirely close its facilities in Gelsenkirchen and Isbergues, France, from mid-December through the end of 2025, as announced by the division. Additionally, beginning in January, the Isbergues site will function at 50% of its full capacity for a minimum of four months. Thyssenkrupp Electrical Steel (TKES) stated this...

Trafigura Group Pte Ltd, one of the world's largest commodity traders, reduced its net profit by 3% for the 2025 financial year, while deciding to increase its dividend by more than 40%. The company's net profit for the year ended September 30 was $2.67 billion, down from $2.76 billion a year earlier. Underlying EBITDA remained virtually unchanged for the year at $8.2 billion. Revenue fell to...

TotalEnergies, based in France, has begun trading on the New York Stock Exchange (NYSE), changing its American Depositary Receipts (ADRs). On October 30, 2025, the firm declared the discontinuation of its ADR program and their transformation into common shares at a 1:1 ratio. The company's CEO, Patrick Pouyanné, previously mentioned that the consideration of securing a US listing to replace...

International Business Machines Corp. (IBM), based in the US, is buying data management infrastructure company Confluent Inc. for $11 billion, which includes debt, according to Bloomberg. The agency states that this is among IBM's biggest agreements to date, indicating the firm's emphasis on corporate software required for operating real-time artificial intelligence technologies. IBM has reached...

Netflix Inc. has agreed to purchase the assets of Warner Bros. Discovery (WBD), which includes the Warner Bros. film studio, the HBO network, and the HBO Max streaming service. In a statement, Netflix announced that a final agreement has been reached. Under this deal, shareholders of WBD will receive $27.75 per share, with payment made in a combination of cash and Netflix stock. The total value...

Moore Threads Technology Co., a leading Chinese AI chip manufacturer, successfully launched its initial public offering (IPO) in Shanghai, raising 8 billion yuan ($1.13 billion), making it the second-largest IPO on the mainland this year. The company's shares were listed at 114.28 yuan, and during its first day of trading, the stock surged over sixfold, reaching 688 yuan. Moore Threads, often...

Chevron Corp. announced that it intends to allocate $18-19 billion for capital expenditures in 2026, according to a statement from the company. This strategy aligns with the company's long-term capital expenditure projection of $18-21 billion through 2030. "Our investment plan for 2026 aims at the most lucrative prospects while adhering to discipline and enhancing efficiency, enabling us to...

TikTok, a short-video app owned by China's ByteDance, is investing more than 200 billion reais, which is approximately $37.7 billion, to build a data center in Brazil. This will mark TikTok's first major project in Latin America. The data center is set to be located in the northeastern state of Ceará, according to the spokesperson for TikTok Brazil. The project, situated near the industrial port...

American business executive Michael Dell and his wife, Susan, plan to contribute $6.25 billion to the Invest America initiative, also referred to as "Trump accounts." This initiative aims to give every child in the United States their own investment account, as reported by Bloomberg. President Donald Trump had previously announced the Invest America initiative, which would automatically create a...