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Geely Auto Founder Steps Down as Chairman
Chinese automaker Geely Auto has announced significant leadership changes. The company's founder Eric Li will step down as chairman and be appointed as honorary chairman for life, while An Conghui will take his place.
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"I Want to Turn an Initiative Started in Georgia into a Global Educational Product" - Rati Kiria at the Study UK Alumni Awards Global Final
Rati Kiria is a global finalist for the British Council's Study UK Alumni Awards 2026 Business and Innovation Award and is the first Georgian global finalist in the history of this award. In the interview, he discusses the importance of international recognition, beginning a professional career in financial markets, the idea behind creating "Traders' Hub," and the main challenges of financial education in Georgia.
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Volkswagen Considers Cutting Tens of Thousands of Additional Jobs
Porsche SE, Volkswagen's largest shareholder, supports a major restructuring of the company, which includes the elimination of an additional 50,000 jobs and the possible closure of four German factories.
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Verizon Signs Agreement with Google Worth Over $1 Billion
According to Verizon's Chief Executive Officer, the company has concluded a contract with Google valued at over $1 billion, which involves the supply of optical-fiber infrastructure for data centers.
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Volkswagen Considers Reducing an Additional 50,000 Jobs
Volkswagen may cut another 50,000 employees to reduce costs and eliminate its lag behind competitors. This would be in addition to the already agreed 50,000 job cuts.
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Nike's quarterly results exceeded expectations, though declining sales in China weighed on the stock.
Nike showed better-than-expected financial results in the fourth quarter, however, a sharp decline in sales in China and weak guidance caused the company's shares to fall more than 3% in pre-market trading.
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ASML discusses supply risks due to mask's new project
The world's leading manufacturer of equipment required for semiconductor production, ASML, states that Elon Musk's new project, Terafab, creates both opportunities and additional challenges for the company.
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Porsche will not release a fully electric 911
According to Porsche's management, the creation of a fully electric version of the legendary 911 is not planned. The company believes that demand for electric vehicles has been overestimated and is redirecting some of its focus back to internal combustion engine models.
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Tokyo Inflation Slows in May — Market Awaits Cautious Policy from Bank of Japan
Consumer inflation in Tokyo slowed in May, reinforcing expectations that the Bank of Japan will proceed cautiously with further monetary policy tightening.
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Donald Trump Again Accuses Wall Street Journal of Slander
U.S. President Donald Trump has refiled a $10 billion lawsuit against the Wall Street Journal. The legal case concerns information disseminated in the media regarding alleged connections between Trump and Jeffrey Epstein.
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The European Union fined Temu $232 million for selling illegal products
The European Union's regulator has fined the Chinese online platform Temu 200 million euros. According to the European Commission's assessment, the company failed to take sufficient measures to prevent the spread of illegal products on the platform.
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IBM Invests $10 Billion in Quantum Computing
IBM announced that it will invest more than $10 billion over the next five years to create a large-scale fault-tolerant quantum computer by 2029.
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CFTC Requests Dismissal of Gemini's $5 Million Fine
The Commodity Futures Trading Commission has asked the court to overturn the $5 million fine imposed on cryptocurrency exchange Gemini Trust Company.
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U.S. Federal Aviation Administration Orders Investigation into SpaceX Starship Incident
# US Federal Aviation Administration Investigates SpaceX Starship Incident
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# ContourGlobal Launches New Solar Energy Project in Chile
# ContourGlobal Launches New Solar Energy Project in Chile
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South Korea Seeks to Prevent Strike at Samsung
South Korea Attempts to Prevent Strike at Samsung
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Huawei Announces New Technology Plan for Chips
Huawei Announces New Technology Plan for Chips
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Security Vulnerability Discovered in Apple's Chips
Security Vulnerability Found in Apple Chips
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Artificial Intelligence Does Not Reduce Employment in the Labor Market
Artificial Intelligence Does Not Reduce Employment in the Labor Market
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Lenovo Shows Record Results - AI Demand Accelerated Company Growth
Lenovo Group announced record annual revenues and profits, primarily driven by growing demand for artificial intelligence products.
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US and Israel prepare potential renewal of military mission against Iran- report
Investing.com -- Israel and the United States are actively advancing military preparations to potentially resume coordinated attacks against Iran as early as next week, according to a report first published by The Times of Israel, citing Middle Eastern and U.S. officials.
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