Corporations, M&A, leadership, industries
Volkswagen’s removal from the Euro Stoxx 50 index on Monday adds fresh pressure to the carmaker as it warns of heavy one-off charges set to wipe out most of its annual profit amid mounting strategic and operational challenges.
Moscow has placed the Russian subsidiaries of Nestlé, Auchan and other Western-linked firms under temporary state administration, raising fresh concerns about the fate of European corporate assets in Russia.
Xi Jinping is set to meet Donald Trump in Washington as an expiring trade truce, billions in potential tariff relief and the future of AI trade policy put the bilateral relationship under intense scrutiny.
Rheinmetall CEO Armin Papperger has raised fresh alarm over Germany’s depleted missile stockpiles, calling for a dramatic acceleration in production while revealing the company’s plans to expand into cruise missiles, robotics and space technology.
Tashkent is advancing plans to bring major state-owned companies in telecoms, aviation, banking and energy to international capital markets, with Uztelecom emerging as the frontrunner.
Equity markets across Asia posted broad gains in early Friday trading, drawing support from a robust session on Wall Street and a retreat in global oil prices that eased cost pressures on energy-dependent economies.
Brent crude climbed sharply on Monday after a merchant vessel was struck in the Strait of Hormuz and Saudi Arabia suspended operations on a key pipeline, stoking fresh fears over Middle Eastern energy supply routes.
The return of Formula 1 racing to Madrid is generating an extraordinary spike in short-term rental costs, with some properties near the circuit listed at prices that would exceed most Europeans’ monthly salary.
Qatar and the UAE are testing unconventional workarounds to keep liquefied natural gas flowing to global markets after six months of severe disruption to one of the world’s most critical maritime chokepoints.
Uber is cutting roughly 3,300 jobs globally, stripping out management layers and merging teams in its largest workforce reduction since the pandemic, with savings earmarked for autonomous vehicle development.