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 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
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 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 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
Rio Tinto is not expected to restart takeover discussions with Glencore despite the expiry of a six-month standstill agreement under UK takeover rules. CEO Simon Trott remains focused on simplifying the company, reducing costs, selling non-core assets, and strengthening its core mining businesses rather than pursuing a major merger. Earlier this year, Rio evaluated a […]
AstraZeneca has reportedly held preliminary talks with Bristol Myers Squibb over a potential merger that could create one of the world’s largest pharmaceutical companies, with a combined market value of nearly $400 billion. According to a Reuters source, it remains unclear whether discussions are ongoing. AstraZeneca declined to comment, while Bristol Myers did not
Swiss lawmakers are preparing to debate new capital requirements for UBS next month as they look to strengthen the country’s banking system while ensuring the lender remains globally competitive. The proposed rules, introduced after the 2023 collapse of Credit Suisse, originally called for UBS to hold around $20 billion in additional Common Equity Tier 1 […]
Volkswagen has announced plans to deepen cost-cutting measures as Chinese automakers continue expanding into the European market. CEO Oliver Blume said the company faces growing competitive pressure from more than 150 Chinese brands, alongside challenges from tariffs and weakening demand in China. The automaker is seeking major restructuring to remain competitive. The
The European Commission has approved the proposed $110 billion merger between Paramount Skydance and Warner Bros Discovery after Paramount agreed to end its European film distribution partnership with Universal Pictures. Regulators said the move addresses concerns that the combined company could gain excessive control over cinema distribution across Europe. Despite









