The German utility EON SE will establish a new trading division in Europe to take advantage of opportunities in the European power and natural gas markets, Bloomberg reports. The company, known as EON Energy Markets, will increase portfolio management efficiency. The business will place an emphasis on connecting with shops and winning their support. EON will also develop a trading platform for...

Apple may surpass Amazon as the first business in history to be valued at over $3 trillion, reports Bloomberg. American Apple is very close to reaching the $3 trillion valuation threshold. Bloomberg’s estimates show that Apple’s shares have surged by 35% and the market value by $690 billion since the start of the year. Apple's market value is currently close to $2.76 trillion. Apple's market...

According to Irish broadcaster RTE, Meta has been fined a record-breaking €1.2 billion by Ireland's data protection authority for violations regarding transfer of personal data from the EU to the US. Ireland's data protection authorities fined Facebook’s parent company Meta €1.2 billion for violations regarding transfer of personal data from the EU to the US. The fine is the biggest ever levied...

The China Cyber Administration (CAC) announced on Sunday that US semiconductor manufacturer Micron had failed a cybersecurity test and critical infrastructure operators in China should stop buying its goods. The notification, which was published on the authority's official website, stated that the inspection found that Micron's products had "relatively serious hidden cybersecurity issues that...

A case filed by Jeffrey Epstein's sexual abuse victims against Deutsche Bank has been resolved. They will receive $75 million in total compensation from the bank. In November 2022, a complaint was submitted to the US District Court for the Southern District of New York against Deutsche Bank and JPMorgan. The plaintiffs claimed that Jeffrey Epstein's illegal activities were made possible by the...

The valuation of Chinese online clothes retailer Shein dropped from $100 billion to $66 billion during the funding round. In spite of this, the company managed to secure $2 billion in funding for the round, the WSJ reports. According to sources close to the company, Shein, a Chinese online clothes store, has raised $2 billion in a new round of funding. The online retailer was valued at only $66...

According to Bloomberg, which cited sources, Anglo-Dutch Shell intends to sell Eolfi, the French floating wind farm development business it bought in 2019. The agency reported that "the oil company is thinking about selling Eolfi a few years after the acquisition." Shell is leaving the pilot floating wind farm project that was supposed to be constructed off the coast of Brittany in northwest...

CEO of bitcoin exchange Coinbase Brian Armstrong stated that the trading site will continue to operate in the US. "Coinbase won't expand internationally. While acknowledging that "the US is a little bit behind right now" in terms of government regulation in this sector, Armstrong told CNBC that "we will always have a presence in the US." "I would say we're seeing more thoughtful approaches, for...

According to UBS CEO Sergio Ermotti, Switzerland's largest bank UBS anticipates completing its acquisition of Credit Suisse by late May or early June. Credit Suisse's stock price on the stock exchange fell by a quarter in a single day in the middle of March. The bank's demise was feared by many as a result of an American bankruptcy wave. The largest bank in Switzerland, UBS, later announced plans...