Porsche AG shares will not be included in the computation of Germany's primary DAX index, which consists of the 40 largest German firms by market value. Porsche, predominantly owned by Volkswagen, entered the DAX in December 2022 soon after its IPO. Since the start of the year, the firm's market...

The French regulatory body CNIL has imposed a historic fine of €475 million on Google (a subsidiary of Alphabet Inc.) and the online fashion retailer Shein for breaching users' privacy rights. The agency announced that Google has been fined €325 million and Shein €150 million. As stated by CNIL,...

The British-Dutch oil and gas firm Shell has ultimately scrapped its intentions to construct a biofuels facility in Rotterdam. The firm stated it has chosen to “focus on assigning capital to initiatives that most effectively address our customers' needs and generate value for our shareholders.”...

European corporations are facing a sharper backlash from investors over executive pay this year, with a notable increase in votes against both past remuneration reports and — for the first time at scale — binding future pay policies. The shift reflects growing investor impatience with rapid...

British fintech company Revolut started a secondary share offering, which lets its employees sell their shares, according to Bloomberg. This information comes from an internal document from Revolut. The document says the company has already talked to possible buyers about this offer. Each share...

ExxonMobil states in its Global Outlook that continued investment in discovering and developing new oil and gas reserves is increasingly crucial. “Our prediction indicates that without additional investment, oil output will decrease by approximately 15% annually. This reflects a change in the...

Elon Musk’s bullish push to scale a camera-first robotaxi fleet rapidly sits in stark contrast to Waymo’s methodical, sensor-heavy, map-by-map expansion. The divergence is not merely academic: it recasts what the industry will prize in its early winners — whether low upfront hardware cost and rapid...

Stone Ridge Holdings, via its energy division Stone Ridge Energy (SRE), has finalized the purchase of a collection of Oklahoma energy assets from ConocoPhillips for around $1.3 billion, according to industry source Offshore Technology. After acquiring rival Marathon Oil Corp. for nearly $17 billion...

ByteDance has set the price for a new employee share buyback that values the company at more than $330 billion, a strategic move company executives say reflects strong revenue momentum, heavy investment in artificial intelligence capabilities and a desire to stabilise and retain talent amid...