Business
Italy’s competition authority has imposed a significant fine on Revolut over alleged unfair commercial practices, highlighting increasing scrutiny of the fast-growing fintech sector. The regulator stated that several entities within the Revolut group were penalized for providing potentially misleading......
SpaceX has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission, according to Bloomberg News, setting the stage for what could become the largest IPO in history. The rocket and satellite company led by Elon Musk is preparing a listing as early as June.......
A new wave of major initial public offerings (IPOs) is expected to reshape Wall Street in 2026, as some of the world’s most valuable private companies prepare to enter the stock market. Among them, SpaceX, led by Elon Musk, is drawing significant attention after reportedly submitting confidential......
Nike’s efforts to stabilize its business are encountering fresh challenges as unrest in the Middle East threatens to affect global operations. The sportswear giant also continues to struggle with slower sales growth in China, a key market for the company. Executives have warned of a notable drop......
Amundi, Europe’s largest asset manager, announced on Wednesday the appointment of Claire Cornil as its new chief operating officer, effective immediately. Cornil will also become a member of Amundi’s general management committee, playing a central role in overseeing the firm’s operations......
Private equity firm Arcline Investment Management has stepped back from its bid to acquire British aerospace and defense supplier Senior Plc, narrowing the list of potential buyers. Despite this withdrawal, interest in the company remains strong, with other investors continuing negotiations. Senior......
The largest artificial intelligence infrastructure buildout in history is facing a serious threat. S&P Global warned Monday that the combined $635 billion Microsoft, Amazon, Alphabet, and Meta plan to spend on AI data centers, chips, and related infrastructure in 2026 could be disrupted by persistently......
Global investment firm KKR announced plans to privatize Japanese chemical manufacturer Taiyo Holdings through a $3.33 billion tender offer. The proposal values Taiyo at 528.56 billion yen, with an offer price of 4,750 yen per share, representing a 4.7% discount to the company's most recent closing......
India has appointed a new head of its civil aviation regulator following a difficult period for the country’s airline industry. The government selected senior official Vir Vikram Yadav to lead the Directorate General of Civil Aviation (DGCA), as part of a broader administrative reshuffle. The......
The European Central Bank (ECB) has expressed reservations بشأن the professional background of the candidate proposed to lead Monte dei Paschi di Siena (MPS), according to a source familiar with the matter. The concerns focus on whether the nominee has sufficient banking experience to head one of......
Standard Chartered announced on Monday that Ole Matthiessen will join the bank as its global head of transaction services and digital assets within its corporate and investment banking division. Matthiessen brings extensive experience across various financial products, including transaction banking,......
A large shipment of chocolate products has gone missing in Europe after thieves reportedly stole a truck carrying around 12 tons of KitKat bars, according to Nestlé. The truck, loaded with more than 400,000 chocolate bars from a newly launched product range, departed from central Italy with the......
Micron Technology shares plunged more than 20% over six straight sessions, entering bear market territory. Investors fear Google's new AI memory compression algorithm could weaken demand for chips fueling the artificial intelligence surge. The stock fell 7% Thursday to close at $355.46, down 23%......
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