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Saudi Arabia promotes accelerated increase in OPEC+ oil production 09/08/2025

Trump promises to defend interests of American IT companies in the EU 09/08/2025

Policy Uncertainty and Industry Layoffs Drive U.S. Jobless Rate to Near Four-Year Peak 09/08/2025

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The EU to step up control over British financial companies

The European Commission is going to propose to introduce stricter control over foreign financial companies that conduct business in the EU. This measure is supposed to expand the control of European regulators over London, Europe's largest financial center, after Britain leaves the block, Reuters...

European Oil Major Total Expands Its Footprint Into Renewables

The glut in the global oil pool which resulted in oil prices touching rock bottom have put enormous pressures on oil companies. European oil companies are now increasingly expanding into renewable energy sources as they seek out new sources of revenues for the future. On Tuesday, oil major Total...

PricewaterhouseCoopers LLP reports drop of 1% in revenues due to Brexit

The accountancy firm has attributed the drop in its revenues due to global uncertainties, including Britain’s Brexit referendum, unexpected results of Britain election as well as that of the U.S. On Monday, Accountantcy firm PricewaterhouseCoopers LLP reported that its UK profits of 822 million...

With New Business And Funding, Samsung Enters Autonomous Driving Race

Based on its recent $8 billion acquisition of audio and auto parts supplier Harman and its pole position in mobile communications markets, South Korea’s Samsung Electronics Co Ltd plans to become a major player in autonomous driving. Together with a $300 million fund to invest in...

With Multi-Million Dollar Investment In StoreDot, Mercedes Owner Daimler Drives Electric Truck Push

An Israeli start-up, whose battery technology can charge electric vehicles in a matter of minutes, has saw investments to the tune of millions from Mercedes-Benz owner Daimler. The trucking arm of the German automotive giant would partner with the firm to adopt its FlashBattery...

Electric Car Focus Risks Handing Jobs To China, EU Auto Suppliers Warn

At the Frankfurt motor show, Europe’s car parts manufacturers warned that there are risks that Europe’s auto supplies industry would be damaged and jobs would be handed over to China due to a fixation on electric cars. The need to look at other ways of cutting vehicle emissions too,...

Aker BP to expand drilling of exploratory oil wells off the coast of Norway

According to Aker BP’s CEO, the company is willing to aggressively cut costs and maintain margins in the wake of falling crude oil prices. According to the Chief Executive of Norwegian oil company Aker BP, in 2018, it plans on drilling six to eight exploration wells, including four in the Barents...

European Carmakers Take Fight To Tesla, Saying 'Future Will Be Electric'

As the traditional European automakers seek to gain market share in a space dominated by U.S. upstart Tesla, they are now increasingly prioritizing the development of electric cars over the traditional combustion engines. "It is quite clear the future will be electric," Ralf Speth,...

Growth Potential To Be Under Scrutiny As Japan To Sell $12 Billion Of Japan Post Holdings

In an announcement that fund managers gave a tepid reception, saying limited growth prospects is likely to dull demand from institutional investors, Japan’s government on Monday said it will sell $12 billion worth of Japan Post Holdings Co Ltd stock. The postal firm and its two units,...

iPhone brought Apple $ 760 billion in revenue over 10 years

Apple's revenue from iPhone sales totaled $ 760 billion for 10 years, according to Strategy Analytics’ study. For 10 years since the first iPhone was released, Apple has sold about 1.2 billion smartphones, says Strategy Analytics according to a report. The total revenue amounted to $ 760 billion....