Category: Business News

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Stellantis CEO Carlos Tavares has resigned following a sharp drop in financial results at the world’s fourth-largest automaker, marking the abrupt departure of one of the auto industry’s most prominent leaders. In a statement issued on…

While crypto bulls continue to wait for Bitcoin to reach the $100,000 mark, they may also want to consider a company that owns nearly 400,000 tokens. MicroStrategy is riding Bitcoin, for better or for worse, after co-founder and CEO Michael Saylor tied the software company’s fortunes to the cryptocurrency in 2020. Lately, his bet has…

Tomasz Tunguz moved to California because of the book, and he got into technology because of raspberries. Tunguz grew up in a Polish military family — his surname, he says with glee, “comes from the region in Siberia where (his) ancestors were exiled by Nicholas II.” But while living in DC in his early 20s,…

Chow Tai Fook Jewellery’s new flagship store, which opened in Hong Kong’s central district in September, has a subtle design, like most of the jewelery sold inside. The name above the door does not contain the Chinese characters for “Chow Tai Fook” displayed at the top of the retailer’s thousands of outlets. And inside, the…

Starry NV Chief Executive Officer Carlos Tavares is stepping down after falling profits and weak US sales at the Jeep SUV and Fiat car maker, to be run by an interim board headed by Chairman John Elkann. A new CEO will be named in the first half of 2025, the company said in a statement,…

After reducing the value of his investment in Elon Musk X repeatedly, Fidelity raised its valuation last month for the social media platform, sources told Axios. Xa saw a 32.37% jump in October, marking the biggest monthly gain since Fidelity helped Musk buy Twitter for $44 billion in 2022, the report said. While that still…

For more than a year, as clashes between Israel and Iranian-backed forces spread across the Middle East and spilled over into his country, Syrian President Bashar al-Assad has been conspicuously silent. With Syria’s long civil war still smoldering, the state broken and bankrupt, and the backers who have propped up his regime – Russia, Iran…

MILAN (Reuters) – Stellantis (NYSE: ) CEO Carlos Tavares has resigned, a source close to the matter said on Sunday. Manufacturer of vehicle brands including Jeep, Fiat (BIT:) and Peugeot (OTC:) will formally announce the resignation later on Sunday, the source added. Source link

Luiza Ilia BUCHAREST (Reuters) – Romania’s ruling left-wing Social Democrats (PSD) looked set to win the most votes in Sunday’s parliamentary election, defeating a renewed far-right movement challenging the country’s pro-Western orientation, an exit poll showed. This is the second of three consecutive votes for both the new parliament and the new president, after in…

When Donald Trump returns to the Oval Office in January, he will preside over a coveted “unity government” and his party will control the White House, the Senate and the House of Representatives. But a handful of more moderate Republican senators could still block the president-elect legislative agendaand even block the confirmation of some of…