Massive IT Outage: 8.5 Million Computers Affected by Crowdstrike Glitch

Unprecedented Global Disruption Microsoft has revealed that approximately 8.5 million computers worldwide were impacted by a recent global IT outage, marking it as potentially the most significant cyber event in…

Volvo Surpasses Revenue Expectations but Lowers Sales Forecast for Q2 2024

Strong Q2 Earnings Despite Lower Sales Forecast Volvo revealed its Q2 2024 earnings on Thursday, significantly exceeding market expectations. Despite this, the company revised its retail sales growth forecasts for…

EU Sticks to Ambitious Hydrogen Targets Despite Auditor Concerns

EU Commission Defends Hydrogen Goals The European Commission remains committed to its ambitious target of significantly increasing ‘green’ hydrogen production by 2030, despite the European Court of Auditors (ECA) expressing…

Nokia Faces Profit Decline Amidst Weak 5G Market, Optimistic for Second Half

Q2 Profit Falls Amidst Market Weakness Nokia reported a significant decline in profit and sales for the second quarter, attributing this drop to a sluggish market where clients are hesitant…

Cyprus Commemorates 50 Years Since Turkish Invasion

Remembering the 1974 Invasion Cyprus marks the 50th anniversary of the Turkish invasion of 1974, which led to the island’s partition. On July 20, 1974, Turkish forces landed on Cyprus,…

Ombudsman Criticizes European Commission for Secrecy on Child Sexual Abuse Legislation

European Commission Accused of Maladministration The European Ombudsman has criticized the European Commission for its refusal to release documents related to the Child Sexual Abuse law, deeming the action as…

President Biden Tests Positive for COVID Amid Health Concerns

Biden Tests Positive Amid Re-election Pressure US President Joe Biden has tested positive for COVID-19, adding to the growing calls from fellow Democrats for him to reconsider his re-election bid.…

Pound, Euro, and Gold Surge Amidst Weakening US Dollar

Currency Markets See Strong Gains Both the euro and the British pound soared against the US dollar on Wednesday, while gold prices hit a new high before a slight pullback.…

How a Trump Win Could Impact EU Big Tech Enforcement

Trump’s Potential Impact on EU-US Tech Policies With polls predicting a 71% chance of victory for Donald Trump in the upcoming US election, there are growing concerns about how a…

IMF Predicts Possible Interest Rate Cuts Amid Global Economic Outlook

Global Growth Projections for 2024 and 2025 The IMF’s latest World Economic Outlook forecasts global growth at 3.2% for 2024 and 3.3% for 2025, consistent with their April predictions. Despite…