Business is war.
Eurostar announced on Wednesday plans to introduce double-decker trains for Channel Tunnel operations amid rising competition on routes connecting London with mainland Europe. The company confirmed orders for 30 Alstom-built electric trains with options for 20 additional units, representing a 2 billion euro investment aimed at boosting annual ridership to 30 million by decade’s end….
JPMorgan Chase opened its new 60-story Manhattan headquarters on Tuesday, marking a return to traditional office environments after pandemic disruptions. The Midtown Tower at 270 Park Avenue costs roughly 3 billion dollars to construct and will house 10,000 bank employees by late 2025. Chief Executive Jamie Dimon led ceremonies for the building that replaced a…
Argentina’s central bank intervened on Tuesday by selling 45.5 million dollars to defend the peso ahead of Sunday’s legislative elections. The currency dropped 8.48 percent against the dollar since Sept. 8 after President Javier Milei’s party lost a key provincial vote. The peso closed at 1,515 per dollar under the official rate and 1,490.50 at…
Investors filed court documents on Tuesday accusing cryptocurrency exchange executives of orchestrating a scheme around First Lady Melania Trump’s digital coin. The $MELANIA token launched on Jan. 19 for pennies and surged to $13.73 before crashing to roughly 10 cents. Court papers claim Meteora platform leaders bought massive quantities through intermediaries who rapidly sold them…
Dave Ball, the electronic music pioneer who formed synthpop duo Soft Cell with Marc Almond, died peacefully at his London home on Wednesday at age 66. The pair met at Leeds Polytechnic in 1978 and achieved global success with their 1981 cover of Tainted Love, which topped charts across Europe and reached the American top…
China pressed the Netherlands on Tuesday to quickly settle a dispute over chipmaker Nexperia that Beijing says threatens global semiconductor supplies. Dutch authorities seized control of the Chinese-owned company in late September under emergency powers, citing security risks as chips become central to international rivalries. Nexperia said China retaliated by blocking certain exports from the…
Netflix stock tumbled more than 6 percent on Tuesday after the streaming company posted earnings below analyst forecasts. The platform earned 2.5 billion dollars on revenue of 11.5 billion dollars but absorbed a 619 million dollar charge from a tax dispute with Brazilian authorities. Chief financial officer Spencer Neumann said the expense stems from doing…
General Motors will stop making electric delivery vans at its Canadian factory as demand falls short of projections and American policy shifts hurt sales. The automaker produces zero-emission vehicles at the Ingersoll plant west of Toronto for clients such as FedEx, but says interest grew far more slowly than anticipated. President Donald Trump eliminated tax…
Hengyuan Refining Company raised 234 million ringgit from a stock rights offering that drew more than double the expected demand. The petroleum products manufacturer received applications for 368.64 million rights shares by the Oct. 17 deadline, representing an oversubscription of 122.88 percent. The exercise offered 300 million new shares, including 150 million free warrants at…
Three major European aerospace companies announced plans on Thursday to combine their satellite businesses and challenge Elon Musk’s Starlink internet service. Airbus, Thales, and Leonardo of Italy will create a venture with annual sales of 6.5 billion euros to strengthen European independence in space technology. The merger supports the European Union’s efforts to launch IRIS2,…
