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…
Aer Lingus pilots urged to accept pay deal as industrial action halted
The Irish Airline Pilots Association (IALPA) has endorsed a pay recommendation proposed by the Labour Court. IALPA has ended a work-to-rule protest at Irish airline Aer Lingus while pilots decide…
The European Prosecutor’s Office has brought charges against a Bulgarian milk producer
The European Prosecutor’s Office announced that it has filed charges against a Bulgarian dairy farmer who received funds from the EU fraudulently, BTA reported. The accused submitted forged documents in…
Microsoft drops OpenAI board observer seat amid regulator scrutiny
Microsoft, ChatGPT’s most prominent financial supporter, announced it is withdrawing its observer seat on the OpenAI board as the collaboration received scrutiny from antitrust regulators. The global tech giant Microsoft…
UK’s FCA shakes up listing regulations to attract more companies
The move comes as the London Stock Exchange has been struggling for several months to retain companies looking to leave the UK and list in more welcoming markets such as…
Video game-loving teenager to be first Catholic millennial saint
An Italian teenager who loved video games will become the Roman Catholic Church’s first millennial saint. The move was approved by the pope and cardinals, and Pope Francis said he…
Formula 1 turns to AI to speed up connections with worldwide fan base
F1 is teaming up with Amazon Web Services to provide data-rich info for fans to help create meaningful insights, as well as using the technology to make the sport more…
“Buddha Boy” was convicted of sexual assault
A spiritual leader in Nepal known as “Buddha Boy” was sentenced on the 1st of July to 10 years in prison for sexually assaulting a minor, the Associated Press reported,…