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Rheinmetall Secures Record-Breaking €8.5 Billion Order

Rheinmetall, one of Europe’s leading arms manufacturers, has achieved a new milestone with a record-breaking order valued at €8.5 billion. This significant announcement was made on Thursday through a statement on the company’s website. The order includes the supply of 155mm shells and various other caliber projectiles, with delivery scheduled for 2025. The countries participating in this extensive order are Germany, Estonia, Denmark, and the Netherlands. The primary…

21 June 2024
Ferrari’s Electric Ambition With New Model

Ferrari is poised to make a significant leap into the electric vehicle market, with its first all-electric car slated to start at a hefty price of €500,000. This information comes from sources reported by Reuters, highlighting Ferrari’s confidence in its ability to command premium prices even in the electric segment. The renowned Italian sports car manufacturer is on the brink of opening a new state-of-the-art factory designed specifically…

19 June 2024
Ryanair Reports Record Profit Despite Waiting for New Boeings

Ryanair, the Irish budget airline, reported a record profit last year despite delays in the delivery of new Boeings. The airline transported 184 million passengers in the past fiscal year, which runs from April to the end of March. This is nearly a quarter more than in the last year before the COVID-19 pandemic. This year, the company recorded a profit of 1.9 billion euros, a 34 percent…

21 May 2024
Google’s Major Search Update: AI-Powered Questions and Tasks

Google will soon allow users to not only search but also ask questions and give commands, thanks to a new update. Artificial intelligence will handle answering these questions and performing tasks, according to the tech giant. This update is one of the most significant changes to Google’s search engine in the past 25 years. “You’ll soon be able to ask anything that comes to mind or needs doing,”…

16 May 2024
Meta to Discontinue Workplace to Focus on AI Technologies

Meta, the parent company of Facebook, has announced that it will discontinue Workplace, its enterprise-focused version of Facebook. The company has decided to shift its focus towards developing advanced AI technologies, which it believes will fundamentally transform the way people work. Users of Workplace will be able to use the service as usual until August 2025. Over the next two years, Meta will gradually phase out the service.…

16 May 2024
Justice Department May Reopen Case Against Boeing for 737 MAX Crashes

The U.S. Department of Justice is contemplating renewed prosecution of the aircraft manufacturer Boeing in connection with the two tragic crashes involving its 737 MAX aircraft in 2018 and 2019. These accidents, which claimed the lives of hundreds of passengers and crew members, occurred shortly after the 737 MAX was introduced, revealing critical flaws in the aircraft’s design and safety systems. Following extensive investigations into these crashes, Boeing…

15 May 2024
US Increases Import Tariffs on Various Chinese Goods

The United States is raising import tariffs on numerous Chinese goods, particularly targeting strategic sectors such as electric cars, chips, batteries, steel, and key minerals. The measures aim to compel China to cease unfair trade practices. Of particular note is the tariff hike on imported electric cars from China, which will quadruple to 100 percent this year. The tariff on Chinese semiconductors will increase from 25 to 50…

14 May 2024
Airbnb Expects Stronger Revenue Growth in Q3 Due to International Sporting Events

Airbnb’s latest financial outlook paints a mixed picture, with a disappointing second-quarter revenue projection but promising prospects for the third quarter and beyond. The company’s announcement of an expected $2.7 billion in revenue for the period ending June fell short of market expectations, prompting a notable decline in its stock value after hours on Wall Street. However, the first quarter showcased Airbnb’s resilience and adaptability, with revenue exceeding…

10 May 2024
ECB’s First Interest Rate Cut in Five Years Likely in June

The first interest rate cut by the ECB in five years appears imminent, according to meeting documents from European central bankers. If European inflation continues on its path towards 2 percent, the interest rate could be lowered in June. Minutes from the ECB’s latest interest rate meeting in April were made public on Friday. This board comprises central bankers from all eurozone countries. In April, following that meeting,…

10 May 2024
Starbucks Stumbles as China Sales Decline

In the wake of disappointing earnings and revenue figures, Starbucks finds itself grappling with a sharp decline in its stock value, plummeting by 12% in after-hours trading following the release of its fiscal second-quarter earnings report. The coffee giant’s performance fell short of both earnings and revenue expectations, with sales for the period totaling $8.6 billion, significantly below analysts’ projections of $9.1 billion. Net income painted a similarly…

1 May 2024
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