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…
Category: Business
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.…
Elon Musk Moves SpaceX and X Headquarters to Texas Over California Law
Musk Relocates Companies to Texas Billionaire Elon Musk announced the relocation of SpaceX and social media company X headquarters from California to Texas. He cited a new California gender-identity law…
ASML’s Earnings Preview: What to Expect from Europe’s Biggest Tech Firm
A Mixed Bag of Expectations ASML, Europe’s largest tech firm, is set to report its second-quarter earnings before the European markets open on Wednesday. Analysts are expecting a decline in…
The Future of Shipping: The World’s First Hydrogen-Powered Passenger Ferry Sets Sail
A New Era in Maritime Transportation The world’s first commercial passenger ferry powered by hydrogen fuel cells, the MV Sea Change, is now operational on San Francisco Bay. This innovative…
Renault Takes the Wheel with New Scoring System
Revolutionizing the Road Renault is set to shake up the car industry with its innovative “big frére” technology, a system that scores drivers’ performance on every trip. The new system…
“The Apollo 11 Mission: Preparing for the Impossible with Simulation”
“The Mission Simulator: A Taste of Reality” In the months leading up to the historic Apollo 11 launch, NASA subjected its crew to a series of grueling simulations to prepare…
“Europe’s Ariane 6 Rocket: A New Era of Space Exploration and Competition”
Mission Accomplished The European Space Agency’s (ESA) Ariane 6 rocket has successfully completed its inaugural flight, marking a major milestone in the agency’s quest to reclaim space autonomy. The rocket…
“EU’s ‘Terrible’ Deforestation Rules Threaten to Send Coffee Prices Soaring”
Coffee Conundrum The coffee industry is bracing itself for a potential crisis as EU deforestation rules come into effect, threatening to drive up prices and disrupt global supply chains. The…
“Will Virtual Reality Ever Reach the Mainstream?”
The Hype and Reality The Apple Vision Pro, a high-tech virtual reality (VR) headset, has finally landed in the UK and Europe. But despite the excitement surrounding its launch, will…