Global IT Outage Causes Widespread Disruption Across Multiple Sectors
Companies, banks and airlines worldwide have been hit by a major IT outage which is causing massive disruption to a wide range of services. Here’s a look at the businesses…
Which countries are powering ahead with electric car registrations?
New registrations of electric cars in the EU dipped slightly in June, despite significant growth in Croatia, Czechia, and Hungary. Registrations of battery-electric cars declined by 1% in the EU…
Apple unveils AI tech: ChatGPT arrives on iPhone and ‘Apple Intelligence’ launched
Apple showcased AI integration at the WWDC 2024 Developer Conference, with revamped Siri, OpenAI partnership included. But updates fail to impress investors. In a much-anticipated reveal, Apple introduced its new…
Paramount looks to paint new pictures with Skydance Media
Paramount Global agrees to a deal with Skydance Media which will see Skydance’s leadership team installed at Paramount. One of Hollywood’s oldest film studios, Paramount Global, is to merge with…
Film buffs go bananas at the box office over Despicable Me 4
Despicable Me 4 recently arrived at a cinema near you. The latest Minion tales have pushed Inside Out 2 into second place in worldwide box office takings and helped save…
Mulberry hopes to bag a winner with new CEO after sales see a fall
Mulberry’s share price has fallen 39% since January, amid a global decline in the luxury sector, mainly driven by shoppers from Asia cutting back. Luxury giant Mulberry has dispensed with…
Private equity bosses ponder leaving UK over Labour tax rise fears
Labour’s plans to close the “carrying interest” private equity sector loophole has led to several funds and executives considering moves to countries with more beneficial tax regimes, such as Italy…
VW mulls putting the brakes on Brussels Audi plant due to low demand for EVs
The Audi plant has seen a drop in demand for luxury EVs. Owner VW is currently trying to find an alternative solution for the Brussels site. Europe’s top carmaker, Volkswagen,…
‘Eurostars’: The rise of Europe’s answer to the US ‘Magnificent 7’
The ‘Eurostars’, including Novo Nordisk and ASML, have outperformed the US ‘Magnificent 7’ since 2020, showcasing diverse sector strengths and superior risk-adjusted returns, a recent research shows. Europe also boasts…
Earnings preview: US big banks may see profit decline in the second quarter
The US earnings season will kick off with big banks reporting their second-quarter performance on Friday. Analysts expect these banks’ profits to be negatively impacted by rate cut expectations. The…