Porsche Profit Rebounds as Turnaround Plan Gains Momentum

By admin October 27, 2026 No comment

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Porsche reported a significant recovery in operating profit for the first nine months of 2026, reaching €1.74 billion compared with just €40 million in the same period last year. The results indicate early progress under CEO Michael Leiters, who took charge in January and introduced a restructuring strategy focused on reducing costs, streamlining operations and […]

Volvo Cars to Cut 2,500 Jobs After Quarterly Loss

By admin October 23, 2026 No comment

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Volvo Cars has announced plans to cut 2,500 jobs globally as it faces mounting financial pressure from weak demand, US tariffs and intense competition from Chinese automakers. According to Reuters, the Swedish carmaker reported an adjusted operating loss of 3.7 billion Swedish crowns ($373 million) in the third quarter of 2026, compared with a profit […]

SAP Crosses €10 Billion Quarterly Revenue, Raises 2026 Outlook

By admin October 22, 2026 No comment

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Germany-based SAP, Europe’s largest technology company, reported quarterly revenue exceeding €10 billion for the first time, raising its 2026 revenue outlook to the upper end of its forecast range. The company’s third-quarter performance was supported by strong cloud demand, with cloud revenue increasing 26% to €6.67 billion and its cloud backlog rising 26% to €24.14 […]

Adidas Raises 2026 Profit Forecast After Record Third-Quarter Results

By admin October 21, 2026 No comment

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German sportswear giant Adidas raised its full-year profit forecast after reporting a record third-quarter operating profit, supported by a US tariff refund and strong full-price sales. The company’s operating profit rose 37% to €1.008 billion from €736 million in the same period last year, according to Reuters on October 20, 2026. Adidas received approximately €200 […]

Cohere Moves to Acquire AI Cybersecurity Startup AISLE

By admin October 15, 2026 No comment

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Canadian artificial intelligence company Cohere has signed a letter of intent to acquire AISLE, a San Francisco-based cybersecurity startup that uses AI to identify software vulnerabilities. The proposed acquisition would expand Cohere’s capabilities in cybersecurity and threat detection, particularly for enterprise and public sector clients. The deal would strengthen

Revolut Rises to $115 Billion Valuation, Challenging Europe’s Banking Giants

By admin October 5, 2026 No comment

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Revolut has emerged as Europe’s most valuable startup, reaching a private valuation of $115 billion and increasingly challenging established banking giants. Founded just over a decade ago as a fintech focused on cheaper foreign exchange, the London-based company has expanded rapidly, with 80 million customers globally and new banking licences helping drive its

SoftBank Raises $11.1 Billion in Record High-Yield Bond Sale

By admin September 24, 2026 No comment

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SoftBank Group has raised $11.1 billion through dollar- and euro-denominated bonds, marking the largest high-yield corporate bond sale globally. The fundraising comes as the Japanese investment group seeks to finance its major investments in OpenAI and other artificial intelligence ventures, adding to a broader increase in corporate borrowing linked to AI. The company

Cohere and Aleph Alpha Merge to Target Enterprise AI Market

By admin September 16, 2026 No comment

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Canada’s Cohere and Germany’s Aleph Alpha have signed a definitive merger agreement to combine their businesses and expand their presence in the enterprise artificial intelligence market. The combined company will operate under the Cohere name, with headquarters in Toronto and Berlin, while Aleph Alpha’s Heidelberg office will focus on research. Aleph Alpha co-chief Ilhan

Alibaba Shares Slide After $10.2 Billion AI Share Sale

By admin August 24, 2026 No comment

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Alibaba shares fell sharply in Hong Kong on Monday after the Chinese technology giant launched a $10.2 billion share sale to fund its expanding AI ambitions. The company priced 710 million new shares at HK$112.70 each, an 8.4% discount to Friday’s closing price, raising concerns over shareholder dilution and the risks involved in its heavy […]

Lufthansa Warns of Lower Profit Amid Fuel Price Volatility

By admin August 4, 2026 No comment

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Lufthansa has warned that its operating profit could decline in 2026 as volatile fuel prices continue to weigh on earnings. The German airline said higher fuel costs linked to geopolitical tensions, including the U.S.-Iran conflict, caused its second-quarter operating profit to more than halve, prompting a weaker full-year outlook. The airline now expects adjusted EBIT