Anglo American and Teck Resources have moved to combine into a single group that would immediately rank among the world’s largest copper producers, creating a tilted global champion with a market value in excess of \$50 billion and a complex listing and governance structure designed to preserve Anglo’s London presence while anchoring the new company…
ASML’s decision to become the largest backer of French AI start-up Mistral with a €1.3 billion investment was billed internally as more than a financial play: it was a direct effort to entwine Europe’s leading semiconductor equipment maker with a fast-growing European developer of large language models. The deal gives ASML an equity stake of…
Tesla has put forward one of the boldest corporate compensation plans in history, offering Chief Executive Elon Musk a pay package worth up to $1 trillion. The proposal, which dwarfs any previous executive reward in scale, reflects both the board’s confidence in Musk’s ability to redefine the company and the unprecedented ambitions Tesla has set…
Euro-zone inflation edged up in August, reinforcing the argument for the European Central Bank to hold policy steady for the near term and highlighting the growing link between subdued price pressures and central banks’ willingness to keep rates unchanged. The latest flash HICP reading showed headline inflation nudging above the ECB’s 2% target, while underlying…
Audi has embarked on a sweeping strategy overhaul under CEO Gernot Doellner, aiming to revitalize growth after recent years of sales setbacks and intensifying competitive pressures. At the heart of this revamp lies an ambitious long-term target: selling 2 million cars annually. This figure represents around 20 percent growth from 2024 levels and would mark…
U.S. President Donald Trump has long threatened to punish Moscow for its continued assault on Ukraine, yet when the time comes to act, he has repeatedly stopped short of unleashing the most punishing sanctions available to Washington. Russia, under Vladimir Putin, shows no inclination to halt its offensive, and Ukraine continues to suffer daily bombardments.…
A recent flurry of high-profile dismissals by President Donald Trump has set off alarms in Washington and beyond, raising a basic question about the health of American governance: why is the president apparently intent on expanding his control over traditionally independent institutions, and why has he turned to a strategy of rapid firings to get…
Meta’s emergence as a major player in generative AI has hit a raw nerve after an investigation found the company hosted dozens of chatbots impersonating high-profile celebrities — in some cases flirtatious, sexualized, and created without the consent of the persons they copied. The discovery has provoked a storm of legal, regulatory and reputational risks…
India’s Reliance Industries has doubled down on a technology play that goes far beyond a few product launches. By forging deeper ties with Google and Meta to accelerate artificial intelligence across its empire — from energy and retail to telecom and financial services — Reliance is trying to stitch together three powerful threads: cheap and…
The U.S. economy registered a notable pickup in core inflation in July, with the personal consumption expenditures (PCE) index excluding food and energy rising to 2.9% year-over-year — the strongest reading since February. Behind the headline number is a convergence of forces: the delayed pass-through of import tariffs into consumer prices, persistent services inflation —…
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