Key Points: A London tribunal ruled that Microsoft must face a mass lawsuit alleging it overcharged thousands of British businesses. Competition lawyer Maria Luisa Stasi filed the massive claim on behalf of nearly 60,000 different business organizations. Lawyers estimate the...
Key Points: Italy plans to bring its national budget deficit below the European Union's strict 3% ceiling this year. The government will release its new multi-year budget framework with updated economic forecasts on Wednesday. Economic growth projections fell to 0.5% for this year due to surging energy costs and turmoil in the Middle East. ISTAT faces intense political pressure to revise last year's deficit numbers...
Key Points: President Donald Trump publicly stated he will remember companies that choose not to seek refunds on recently canceled tariffs. The Supreme Court struck down Trump's massive reciprocal tariffs in February, declaring the move unlawful. The US government could owe importers more than $160 billion, making it the largest repayment in history. Major companies like Costco and FedEx filed separate lawsuits to protect their...
Key Points: Intel investors are closely watching how the company handles supply chain issues that limit chip production. The company expects first-quarter revenue to decline by 1.9% to roughly $12.42 billion. Intel's data center and artificial intelligence segment should grow 6.8% to $4.41 billion. Investors want updates on the manufacturing yield rate for Intel's new 18A silicon wafer process. Investors are keeping a very close...
Key Points: Oil prices slipped on hopes Iran will join US talks in Islamabad. Ceasefire expires Wednesday; Trump "highly unlikely"...
Key Points: Britain will announce a new package of measures on Tuesday to accelerate the growth of renewable power. Energy...
Key Points: General Motors recruited new product chief Sterling Anderson with a massive pay package totaling up to $40 million....
Key Points: Tim Cook announced he will officially step down as CEO of Apple on September 1. John Ternus, the...
Key Points: The Federal Aviation Administration officially ordered an investigation into Sunday's Blue Origin New Glenn 3 rocket failure. A...
Key Points: USA Rare Earth will acquire Brazilian miner Serra Verde in a massive cash-and-stock deal valued at exactly $2.8...
Key Points: European Central Bank President Christine Lagarde stated that the economic impact of the war in Iran has not...
Key Points: California's attorney general claims Amazon secretly worked with merchants to force rival retailers to raise their prices. Newly...
Key Points: A new government refund system went live on Monday to help companies recover illegally collected tariffs. The US...
Key Points: Oil and gas prices soared after US Navy seized Iranian ship. Tehran reimposed controls in Strait of Hormuz....
Key Points: Gold prices fell due to renewed Middle East tensions. US Navy seized an Iranian ship; Iran warned about...
Key Points: The European Union will release new guidelines urging member states to buy more jet fuel from the United...
Key Points: SK Hynix officially began mass production of its new 192GB SOCAMM2 memory modules for artificial intelligence servers. Engineers...
Key Points: Sales of fully electric cars in Europe jumped nearly 30% during the first quarter of 2026. High petrol...
Key Points: Energy Secretary Chris Wright expects US gasoline prices to remain at or above $3 per gallon well into...
Key Points: Alphabet's Google is currently negotiating with Marvell Technology to develop two brand new custom computer chips. The companies...
Key Points: Tesla officially launched its new robotaxi service in both Dallas and Houston. The company posted videos showing its...
Key Points: Iran reimposed strict restrictions on vessel traffic through the critical Strait of Hormuz on Saturday. The sudden blockade...
Key Points: Beijing's Satellite Town core to finish by late 2026. Aims to be a hub for satellite manufacturers and...
Key Points: The core area of Beijing's massive Satellite Town project will officially open in the second half of 2026....
Key Points: Australia extended its relaxed fuel-quality standards until September to handle ongoing national fuel shortages. The relaxed rules allow...
Key Points: A US trade tribunal ruled in favor of Apple, preventing Masimo from seeking to reinstate an import ban...
Key Points: AI chipmaker Cerebras Systems officially filed paperwork for a United States initial public offering on Friday. The company...
Key Points: Meta plans to lay off roughly 10% of its global workforce, terminating close to 8,000 employees starting May...
Key Points: Gold prices jumped 2.1% to reach their highest level in almost a month following news from the Middle...
Key Points: San Francisco Federal Reserve President Mary Daly expects incoming chair nominee Kevin Warsh to face unexpected economic challenges....
Key Points: European Central Bank supervisor Claudia Buch warns that bank balance sheets do not yet show the full impact...
Key Points: Chinese artificial intelligence startup DeepSeek wants to raise at least $300 million from investors. The new funding round...
Key Points: Global oil prices dropped 10% after Iran completely reopened the Strait of Hormuz to commercial shipping traffic. Brent...
Key Points: Uber buys an additional 4.5% stake in Delivery Hero. The deal is worth €270 million from Prosus. Uber...
Key Points: Apple iPhone shipments in China grew 20% in Q1. Overall smartphone market in China declined by 4%. Huawei...
Key Points: Oil prices fell on Trump's optimistic ceasefire comments. Trump claimed Iran agreed to concessions, unconfirmed by Tehran. The...
