Tesla, the electric vehicle manufacturer founded by Elon Musk, currently the wealthiest individual globally with a net worth of $795.7 billion as of April 20, might have utilized international frameworks to lower U.S. taxes, resulting in savings of at least $400 million, as reported by Reuters after analyzing the company's and its subsidiaries' financial records. These financial reports show that...

The Financial Times reports that the American firm OpenAI has suspended its main AI infrastructure initiative in the UK, known as Stargate UK. The firm mentioned elevated energy expenses and regulatory ambiguity as reasons for the choice. The data center for this project, situated in northeast England, was initially set to start construction in the first quarter of 2026. Worries regarding the...

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 the process of being privatized. The government aims to sell 49.9% of TAP, allocating 44.9% to private investors and 5% to employees of the company....

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 have declined 15% by the end of trading on April 1, 2026, and 22% from their all-time high in December 2025. Tesla stock declined following the release...

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 to employees. Fabian Garcia, President of the company's personal care division, wrote in a letter sent last week that macroeconomic and geopolitical...

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 Silverado and GMC Sierra trucks currently runs three shifts, five days each week. A United Auto Workers representative informed The Wall Street Journal...

Pharmaceutical firm Eli Lilly and biotech startup Insilico Medicine have signed a deal valued at up to $2.75 billion. Eli Lilly and Insilico have decided to partner on drug development, utilizing Pharma.AI, the firm's AI-driven biotech platform. Lilly will gain exclusive rights to create, produce, and market the medications. Insilico anticipates an initial payment of $115 million, followed by...

Billionaire Leonid Radvinsky, owner of OnlyFans and ranked No. 870 on the Forbes Global Billionaires list with a net worth of $4.7 billion as of March 23, has passed away at 43 years old, according to a company statement reported by Bloomberg. "We are profoundly grief-stricken by the news of Leo Radvinsky's passing. Leo peacefully departed after a prolonged fight against cancer," the organization...

For the second consecutive year, McDonald's Corp. has been recognized as the most valuable restaurant brand globally, as per a study conducted by the consulting firm Brand Finance. The fast-food chain's worth rose 5% from the previous year to reach $42.6 billion. Starbucks maintained its second position (increased 4% to $37 billion). KFC, a fast-food chain specializing in chicken, held the...