Indian conglomerate Adani Group is reshaping its leadership structure by increasing the presence of women at the top, with a number of appointments going to members of the founding family. The move is part of the company’s broader plan to improve diversity in its boardrooms, but also reflects the long-standing…
A day of reckoning is unfolding for two of the world’s most influential tech titans, sending starkly conflicting signals through a nervous European market. While a blockbuster earnings report from the AI kingpin Nvidia is providing a much-needed dose of optimism, a catastrophic collapse in Tesla’s European sales is painting…
The UK government is weighing up a controversial new tax measure that would see landlords pay National Insurance contributions (NICs) on rental income, as Chancellor Rachel Reeves searches for ways to plug a £40 billion shortfall in the public finances.Reeves, who will deliver her first autumn budget in the coming months,…
Bloomberg reports, Sotheby’s will stage its first-ever auction series in Abu Dhabi this December, a move that reflects the emirate’s growing ambition to become a hub for art, culture, and luxury investments. Running from 2 to 5 December, the series will be part of Abu Dhabi Collectors’ Week and include…
Shares in French spirits group Pernod Ricard rose by more than 5.7% on Thursday after the company reported a smaller-than-expected fall in annual sales and profit, while offering guidance that pointed to improving trends in the latter half of fiscal 2026. The performance was received positively by investors, who had…
Warren Buffett’s Berkshire Hathaway has increased its stake in Japan’s Mitsubishi Corp to 10.23%, crossing a symbolic ownership threshold and deepening the conglomerate’s presence in the Japanese trading house sector. This latest move, executed through Berkshire’s wholly-owned subsidiary National Indemnity Company, raised stakes from 9.74% previously and reaffirms Buffett’s bullish…
Iran’s embattled currency, the rial, slumped below the psychological barrier of one million to the dollar on Thursday, reaching a new record low as traders and ordinary Iranians brace for the reimposition of United Nations sanctions by European powers. The precipitous decline comes amid fears that diplomatic negotiations over Iran’s…
On August 29, Germany will launch its second liquefied natural gas (LNG) import terminal at Wilhelmshaven port. This move by state operator Deutsche Energy Terminal (DET) is part of the country’s efforts to diversify its energy supply, according to a Reuters report. The unprovoked invasion of Ukraine by Russia in 2022 triggered…
Snowflake shares soared 14% during Thursday premarket trading after the cloud data platform beat Q2 earnings estimates and raised its revenue forecast while signalling accelerating demand for its artificial intelligence offerings. Revenue for the quarter rose 31.8% to $1.14 billion from a year ago against an expected $1.09 billion.For the…
Chinese AI chip company Cambricon Technologies delivered some impressive numbers that have everyone talking. The company saw its revenue skyrocket by 4,400% and actually turned a profit for the first time in a six-month period.This development is a big deal geopolitically. With the US tightening restrictions on chip exports to…