VW to cut 50k more jobs, curb board sway & review 4 German plants from 2031 amid tariffs & China EV pressure. Shares rose 7.9%.
One year after founder Giorgio Armani's death, the fashion house is drafting a new business plan as it prepares to sell an initial 15% stake valued at €5B–€7B.
Activist investor Elliott Investment Management has built a stake in Deutsche Telekom and is urging the German carrier to abandon plans for a potential full combination with T-Mobile US in favor of alternative value-unlocking strategies, including larger share buybacks.
Broadcom raised its multi-year AI chip outlook on surging Big Tech demand, lifting its fiscal 2027 AI chip revenue forecast to roughly $115 billion (up from $100 billion) and projecting that figure to double to $230 billion in fiscal 2028.
Uber is eliminating 10% of its workforce to flatten management and cut costs, CEO Dara Khosrowshahi announced in an internal email.
Rising global bond yields and advanced-economy debt threaten to derail debt progress for emerging nations, IMF chief Georgieva says. Senegal faces a key test.
US tech giants are flooding the euro bond market to fund AI, potentially crowding out other issuers and driving up borrowing costs.
Honda asked parts suppliers to cut costs by 30% to save $9.4B by 2030, aiming to counter fierce EV competition from Chinese automakers.
The LLM Token Expenditure Index sank to a record 97 cents amid fierce competition, cutting user costs while squeezing margins and pricing power for model labs.
Palo Alto Networks beat Q4 estimates with $3.41B revenue (+34% YoY) on surging AI security demand, lifted guidance, and plans to acquire AI startup Console.
Dell fell 4% pre-earnings despite a 266% YTD surge, as high investor expectations for its booming AI server business raised the bar.
Singapore's MAS may recognize select foreign and cross-border stablecoins under its official regulatory framework.
Chevron, GE Vernova, ONGC, Eni & GeoPark finalize Venezuelan oil pacts under revised rules granting foreign operators direct export and cash rights.
Nissan and Honda have entered a joint-development agreement to collaborate on standardized electronic control units (ECUs), in-vehicle operating systems, middleware, and vehicle-control software for upcoming software-defined vehicles arriving in fiscal year 2029. Following their scrapped merger plans from early 2025, the Japanese automakers are partnering to shorten development cycles, optimize investment efficiency, and strengthen their global competitiveness against rapidly expanding
Bank of England governor Andrew Bailey urged G20 leaders to enforce strict safety protocols for frontier AI models. He warned that cross-border cybersecurity threats and concentrated third-party dependencies could disrupt markets, demanding enhanced bare-metal recovery capabilities.
Boeing and engineers union SPEEA will resume contract talks Sept 8 after members rejected an earlier 4-year deal, demanding higher general wage increases.
PM Modi urged Indians to avoid unnecessary gold purchases and foreign trips, pushing for Swadeshi self-reliance to sustain growth and save foreign exchange.
Anthropic agreed to a $35 billion computing deal with Nvidia-backed Lambda to secure Texas data center capacity, fueling growing demand for its Claude AI models.
Peru's accumulated iron ore production reached 7,129,277 metric tons (MT) between January and June 2026, marking a 41.1% increase compared to the same period in 2025. This rebound was driven by the full operational recovery of Shougang Hierro Perú in the Ica region following a temporary shutdown in June 2025 caused by a port accident. Shougang Hierro Perú represented 98.3%
The Ministry of Popular Power for Communes, Social Movements and Urban Agriculture has initiated the Communal Cocoa Plan 2026, marking a strategic phase under the broader Communal Agro-Food Plan. Driven by People's Power, community participation, training, and scientific innovation, the initiative aims to consolidate the agro-industrialization of cocoa production. Beyond technical advancement, the plan serves as a driver for a
H&M opened its first store at Paseo La Galería in Asunción, with a second branch at Distrito Perseverancia.
Novartis has paused eight clinical trials for experimental CAR-T therapies targeting autoimmune and neurological diseases following the deaths of three patients from severe immune reactions. The company is investigating the cases alongside safety boards and regulators. Bristol-Myers Squibb has paused similar studies as a precaution.
Swiss lawmakers proposed UBS back foreign units with 50% CET1 and 50% cheaper AT1 capital, rejecting the government's stricter 100% core capital demand.
John Ternus replaces Tim Cook as Apple CEO, aiming to revive Steve Jobs's innovative spark as the firm prepares to reveal a folding iPhone Ultra and push into AI.