Business
Nicolai Tangen, chief executive of Norges Bank Investment Management, warned companies against using artificial intelligence primarily as a tool for workforce reductions, arguing that aggressive job cuts could trigger public backlash and damage broader confidence in the technology. Speaking ahead of......
The United States Treasury has imposed sanctions on Hengli Petrochemical, one of China’s largest independent oil refiners, accusing the company of purchasing billions of dollars worth of Iranian crude oil. The sanctions also target dozens of shipping companies and vessels allegedly involved in......
French pay-TV group Canal+ has announced plans to list on the Johannesburg Stock Exchange on June 3, marking a historic step as the first French company to join the South African market. The move follows its acquisition of MultiChoice Group, reinforcing its long-term commitment to expanding its footprint......
British building materials supplier Travis Perkins has reported a decline in first-quarter sales, reflecting weaker demand across the construction sector. The company indicated that like-for-like sales dropped compared to the same period last year, as the building industry continues to face pressure......
Swedish security services provider Securitas has reported first-quarter results that fell short of market expectations, largely due to unfavorable currency exchange movements. The company, which operates across dozens of countries, generates a significant portion of its revenue outside its home market.......
Paramount Skydance Corp has requested approval from U.S. regulators to proceed with foreign-backed financing linked to its planned acquisition of Warner Bros Discovery, according to recent regulatory filings. The request was submitted to U.S. authorities responsible for overseeing foreign investment......
Adidas saw its share price rise after an exceptional performance by Kenyan runner Sabastian Sawe at the London Marathon, where he delivered a record-breaking run that drew global attention from both the sports and financial sectors. Sawe completed the 42.2-kilometre race in under two hours, a landmark......
Wizz Air has expressed confidence that it will not face disruptions in jet fuel supply, despite growing concerns over global energy markets. The airline’s CEO, Jozsef Varadi, stated that current market dynamics should help maintain stable access to fuel even amid geopolitical tensions. Rising......
Prada is introducing a limited-edition collection of sandals produced in India, drawing inspiration from the traditional Kolhapuri style. The move comes after the brand previously faced criticism for presenting similar designs without clearly acknowledging their cultural origins. The new collection......
Thermo Fisher Scientific has announced plans to sell its microbiology business to private equity firm Astorg in a deal valued at approximately $1.08 billion. The transaction reflects a broader trend of strategic portfolio reshaping within the global healthcare and life sciences industry. The agreement......
Eli Lilly and Company has announced an agreement to acquire the privately held biotechnology firm Ajax Therapeutics in a deal valued at up to $2.3 billion in cash. The move strengthens Lilly’s position in the oncology sector, particularly in the development of treatments for rare blood cancers. Ajax......
The Democratic Republic of Congo has announced the creation of a new paramilitary mining protection unit aimed at securing key mineral sites and strengthening control over strategic supply chains. The initiative, supported by international partnerships, is designed to address long-standing challenges......
A major cryptocurrency scandal is unfolding in Poland as the digital asset platform Zondacrypto faces serious allegations of money laundering and fraud, with around one million users reportedly unable to access their funds. The platform, which allows users to exchange traditional money into cryptocurrencies......
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