Expert Warns of Increased Vulnerability to Global IT Outages

Major IT Outage Sparks Concerns The massive IT outage on Friday that disrupted global operations could happen again, warns a computer science expert. The crash was caused by a faulty…

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…

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…

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…

EU Court Mandates TikTok to Follow Digital Markets Act

Bytedance Loses Gatekeeper Status Appeal Bytedance, the parent company of TikTok, has lost its appeal against a European Commission decision that designates it as a gatekeeper under the Digital Markets…

Tiger Global to Lead Revolut’s $500 Million Share Sale

Record Profits Bolster Revolut’s Position The company achieved a remarkable 95% increase in group revenue, reaching $2.2 billion, and recorded a net profit margin of 19%. CEO Nik Storonsky highlighted…

Allianz Aims for Major Stake in Singapore’s Insurance Market

Allianz Offers $1.6 Billion for Majority Stake German insurance giant Allianz has proposed a $1.6 billion (€1.5 billion) offer to acquire a minimum 51% stake in Singapore’s Income Insurance Ltd.…