Companies & CEOs
Boeing 737 Max 7 is certified in the United States after nearly decade-long delay - 08/05/2026
The US Federal Aviation Administration (FAA) announced that the Boeing 737 Max 7 has been certified almost a decade after its development began. The agency indicated that the approval came after "years of efforts to address intricate technical challenges and a comprehensive evaluation of the aircraft's design." The FAA highlighted that the Max 7 features important enhancements, such as upgraded...
Shein plans to go public in Hong Kong with $30-40 billion valuation - 08/05/2026
Shein, a fast-fashion retailer based in Singapore, intends to conduct an IPO in Hong Kong as soon as mid-August, aiming for a valuation between $30 billion and $40 billion, according to three sources who spoke to Reuters. The figures and schedule for the offering are not finalized and could be adjusted based on investor feedback from meetings conducted since last week, the sources indicated. A...
Nissan posts first quarterly profit in two years - 08/04/2026
The Japanese car manufacturer Nissan Motor boosted its revenue in the first fiscal quarter and reported its first quarterly net profit in two years. As stated in Nissan press release, the net profit for the April-June quarter reached 3.76 billion yen ($24 million), in contrast to a loss of 115.76 billion yen during the corresponding period last year. Experts polled by Quick had, on average,...
The US fines a UBS subsidiary $125 million - 08/04/2026
UBS Financial Services Inc., the brokerage division of Swiss bank UBS Group AG, consented to a $125 million penalty as part of a settlement with US regulators regarding ongoing breaches of anti-money laundering laws. According to Bloomberg, this represents the highest penalty for such infractions levied by the Financial Crimes Enforcement Network (FinCEN) on a brokerage firm. The initial...
Samsung reports 250-fold profit in chip business - 07/31/2026
Samsung Electronics declared an over 250-fold rise in profit within its chip sector, as per Bloomberg, referencing the company's financial results for the second quarter of 2026. The operating profit for the quarter of the division reached 89.2 trillion won ($62.2 billion). Simultaneously, Samsung cautioned that the memory deficit caused by the AI surge might intensify in the upcoming year. The...
Airbus doubles quarterly net profit - 07/30/2026
Airbus SE, the European aerospace company, more than doubled its net profit in the second quarter, with a revenue increase of 28%. During the reporting period, the company's net income reached €1.66 billion, up from €732 million in the same quarter the previous year. Airbus's primary performance metric, adjusted EBIT, rose 1.5 times to €2.43 billion. The firm's quarterly earnings rose to €20.53...
Eni and Total make final investment decision on Cronos offshore gas project in Cyprus - 07/29/2026
Eni from Italy and TotalEnergies from France have reached a final investment decision (FID) to develop the Cronos gas field, situated offshore Cyprus, with the goal of launching the first Cypriot gas to market in 2028, the partners revealed. The initiative, managed by Eni, is projected to generate 500 million cubic feet of gas daily (2.8 million tons of LNG annually). The feedstock will be...
Visa to cut approximately 2,600 jobs - 07/29/2026
Visa Inc., the company managing the biggest payment system in the US, intends to eliminate around 2,600 positions, representing about 7% of its total workforce, according to Bloomberg, referencing a letter from CEO Ryan McInerney addressed to staff. These actions are designed to enhance Visa's operational effectiveness amidst intense rivalry in the payment services sector. "I firmly believe we...
Nvidia may provide OpenAI with $250 billion financial guarantee to access AI capacity in the US - 07/28/2026
The Wall Street Journal reports, referring to sources, that Nvidia Corp. is in talks to offer a financial guarantee to OpenAI to assist the AI firm in utilizing SoftBank Group's US data center computing resources. SoftBank's initiative in Ohio includes constructing a 10 GW data facility. The total expense, factoring in chip costs, is anticipated to surpass $500 billion. The initial stage of the...
FT: SpaceX’s European competitor plans to raise valuation to $2 billionv - 07/28/2026
European space startup The Exploration Company (TEC) is negotiating to secure hundreds of millions in funding to advance a project aimed at producing reusable space capsules, according to the Financial Times (FT), referencing sources. The newspaper reported that the firm is in talks to secure a minimum of $300 million, which could potentially raise the startup's valuation beyond $2 billion. A...
