German battery manufacturer Varta AG faces headwinds as it revises its full-year revenue projection for 2024. The anticipated figure now falls between €820 million and €870 million, a decrease from…
Category: Business
TikTok’s High-Stakes Negotiations and the “Kill Switch” Controversy
Court documents reveal intense negotiations between TikTok and the US government, shedding light on the battle to prevent a US ban. The social media giant, owned by China-based parent company…
Revolut Seeks $40 Billion Valuation in Share Sale
British fintech company Revolut is in talks to sell existing shares, aiming for a valuation of over $40 billion. If confirmed, this would make Revolut Europe’s most valuable start-up, surpassing…
OpenAI Establishes Safety Committee as It Trains New AI Model
Formation of New Safety Committee OpenAI has created a new safety committee to oversee the training of its latest artificial intelligence (AI) model. Led by CEO Sam Altman, the committee…
Trade Unions Urge Brussels to Approve Lufthansa’s €325m ITA Purchase
Call for Rapid Approval of Lufthansa’s ITA Buy Airline staff representatives have urged the European Union to swiftly approve Lufthansa’s €325 million purchase of Italy’s state-owned ITA Airways. This acquisition…
Surge in EU Car Registrations
Car registrations in the European Union soared by nearly 14% year-on-year in April, with petrol vehicles losing market share. According to the European Automobile Manufacturers’ Association (ACEA), the number of…
Nvidia Reports Stellar Earnings Amid AI Boom
Nvidia, the leading chipmaker, reported impressive earnings for the first quarter of fiscal year 2025, driven by a surge in demand for artificial intelligence (AI) chips. The company also announced…
Orange Juice Prices Surge Due to Poor Weather and Disease
Orange juice prices have skyrocketed by 77% due to decreased production in key growing regions. This price hike raises concerns that orange juice and fresh oranges may soon become too…
Europe Boosts Space Capabilities with New Cargo Contracts
In response to growing competition from the US, China, and India, Europe is enhancing its space capabilities to secure a place in the emerging space economy. Two European companies have…
Rolls Royce Secures Contract for Advanced ‘Doomsday’ Plane
Rolls Royce has secured a significant contract to supply technology for the new generation of the US Air Force’s nuclear-blast resistant aircraft. Known as the ‘doomsday plane’, this aircraft is…