OpenAI is reportedly in discussions to raise funds at a valuation of £115 billion, signaling continued strong investor interest in the AI sector.
Elon Musk has stated that he will still be the CEO of Tesla in five years' time, providing some clarity on his long-term role at the company.
Candy giant Mars has announced plans to invest an additional $2 billion in its U.S. manufacturing facilities through 2026.
Shares in BP have risen following reports that Shell is considering a takeover offer for the British oil and gas giant.
Alphabet's second-quarter results surpassed Wall Street estimates, with earnings at $2.31 per share and revenue reaching $96.43 billion, exceeding forecasts.
The UK has reclaimed its position as Europe's largest stock market, surpassing France as political uncertainty has impacted French equities.
Citi will now cover top private firms like OpenAI and SpaceX, offering insights without ratings, as private valuations rival public market giants.
Fed unlikely to cut rates soon as inflation remains sticky; markets adjust expectations on future monetary policy.
US-China tariff truce talks in Stockholm aim to extend ceasefire, paving way for potential Trump-Xi meeting.
Luxury brands like LVMH avoided the worst in the EU-U.S. trade deal, but weak demand now challenges their profit-driving price hikes.
Brazilian coffee growers hope to avoid new U.S. tariffs set to rise from 10% to 50% on August 1, after Trump's announcement earlier this month.
Oil rose as Trump shortened Russia's Ukraine truce deadline, adding to gains from a US-EU deal on $750B in American energy purchases. Brent neared $70.
Elon Musk says Tesla signed $16.5B chip deal with Samsung; move boosts Samsung's struggling chip unit. Shares surged 6.8%, hitting highest since Sept 2024.
Audi cuts 2025 outlook, citing higher U.S. tariffs and restructuring. Revenue now seen at €65–70B, with margins trimmed to 5–7% from earlier 7–9% forecast.
Von der Leyen calls US-EU trade deal "best we could get," noting it avoids looming 30% tariffs; most EU goods will face a 15% US tariff, including cars and chips.
Euro and U.S. futures climb after trade deal clarity eased market fears, boosting S&P 500 e‑minis and investor sentiment
Valeo shares dropped 16% after cutting its 2024 sales forecast by €1B, citing a weaker dollar and falling global car sales.
Meta will halt political and social issue ads in the EU from October, citing legal uncertainty over new EU rules, following a similar move by Google.
Puma shares fell 16% after warning of an annual loss, citing weak sales, U.S. tariffs, and poor demand for retro sneakers like the Speedcat.
VW took a €1.3B hit from tariffs and cut 2025 forecasts as U.S. trade tensions, China competition, and EV rules weigh on European carmakers.
US regulators approve $8.4B Paramount-Skydance merger, giving David Ellison control of CBS, Paramount Pictures, and Nickelodeon amid press freedom concerns.
BT names Patricia Cobian as first female CFO as it pushes ahead with £3 billion in cost savings and accelerates full fibre broadband rollout by 2030
LVMH's CEO reveals new Texas factory as group expects 'good outcome' from EU‑US tariff talks — Expansion plan and optimism about EU‑US negotiations
Rio Tinto may sell its titanium unit amid weak prices and low returns, as incoming CEO Simon Trott considers a restructuring of the mining giant.