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US-Iran Diplomacy Turns on the Cost of a Ceasefire 09/29/2026

AI Chips Are Rewriting South Korea’s Export Story 09/29/2026

Burnham: Brexit has done more harm than good for the UK 09/30/2026

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Business & Finance

The Exploration Company raises $450 million from investors

The Exploration Company (TEC), a European space firm, has secured $450 million in a funding round, according to a report by Bloomberg, referencing a statement from the company. The funding round was spearheaded by Bessemer Venture Partners and Atomico, alongside the Scaleup Europe Fund, which is an...

Shein loses $5 billion in market cap after Hong Kong IPO

Online fast fashion retailer Shein Global Holdings has seen a decline of around $5 billion in market capitalization since its IPO, according to Bloomberg, referencing market data. According to the agency, Shein's performance in its first week was one of the lowest among major companies listed in...

Airbus identifies defects in A330neo aircraft, slows deliveries

Airbus SE has discovered issues in the tail section of A330neo planes, resulting in a near-complete halt of customer deliveries for the last three months. Airbus stated in a statement to Bloomberg that the company has been compelled to carry out more inspections on the aircraft during production,...

Nvidia acquires AI startup Hugging Face for $12.9 billion

Nvidia Corp., the American chip manufacturer, has finalized a deal to purchase the AI startup Hugging Face for $12.93 billion, as stated in a joint press release. This is among the biggest agreements in Nvidia's history, the most valuable company globally. The details previously mentioned regarding...

Amazon to purchase electricity from four wind farms in Sweden

Amazon.com Inc. has secured long-term power purchase agreements (PPAs) from four wind farms in Sweden to supply energy for its data centers in the region. These agreements will contribute almost 200 MW of power, and when all wind farms are functioning, Amazon will possess nearly 1 GW of electricity...

Nvidia’s AI Demand Extends the Spending Boom Beyond Big Tech

Nvidia's latest outlook offers one of the clearest indications yet that the artificial intelligence infrastructure boom has not reached its spending peak. The chipmaker expects revenue to grow by about 70% in its fiscal year ending January 2028, a projection far above the roughly 44% growth...

Meta settles class action lawsuit alleging harm to teens, pays $16.7 billion

Meta Platforms has come to a settlement regarding a class action lawsuit filed by 48 states alleging the company's wrongdoing towards underage users. According to court documents cited by Bloomberg, the company will pay around $16.7 billion to victims but does not confess to any wrongdoing as part...

Unilever’s Food Sector Exit Tests the Future of the Consumer Conglomerate

Unilever is making one of the biggest strategic changes in its modern history by reducing its exposure to food and concentrating more heavily on beauty, personal care and home care. The move is based on a straightforward investment argument: a company built around fewer, faster-growing categories...

Volkswagen union warns of possible job cuts of up to 140,000

Union representatives caution that the intended restructuring at Volkswagen Group (VW) might impact as many as 140,000 jobs, according to Bloomberg. VW CEO Oliver Blume and Volkswagen brand leader Thomas Schäfer are set to unveil a cost-reduction strategy to staff at the company's primary facility...

TotalEnergies continues to ship oil through the Strait of Hormuz

French TotalEnergies is still transporting oil via tankers through the Strait of Hormuz, CEO Patrick Pouyanné stated at an energy conference in Norway, as reported by Reuters. "We're likely the biggest trader of oil from Iraq and Qatar at the moment," he stated. "I can state that oil is presently...