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FT reports EU request for China to limit hybrid car exports to Europe 09/18/2026

Revolut reports no direct demands from hackers following data breach 09/18/2026

Middle East War Spreads Through Strategic Chokepoints 09/18/2026

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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...

Amazon to deliver packages via drone in nearly 500 US cities by the end of the year

Amazon.com Inc. aims to greatly enhance its drone delivery service by year’s end, making it available in almost 500 areas throughout the United States. According to The Wall Street Journal, Prime Air, which provides package delivery in about 30 minutes, is currently active in 11 metropolitan...

Saudi Aramco and Maaden to create mining joint venture

Saudi Aramco, the state oil company of Saudi Arabia, and Maaden (the Saudi Arabian Mining Co.), have reached an agreement to create a joint venture focused on metals exploration and production in the country. As stated in a collaborative press announcement, Maaden will possess 51% of the new...

Berkshire Hathaway increases stake in Alphabet, dumps Constellation Brands

Warren Buffett's investment firm, Berkshire Hathaway, significantly raised its ownership in Alphabet Inc. (Google's parent company) during the second quarter, as revealed by documents submitted to the US Securities and Exchange Commission (SEC).By the end of June, Berkshire held almost 106 million...

Anthropic investors expect $2 trillion IPO valuation

Present Anthropic investors anticipate that the AI firm will reach a valuation of $2 trillion or greater during its IPO in October this year, as reported by the Financial Times. Anthropic's IPO may surpass SpaceX's latest offering and set a new record. Multiple investors informed the FT that...