Defense stocks plummet on report Germany is scrapping warships; Rheinmetall stock down 13%
Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to the Financial Times.
Tech stocks rebound after global rout; Samsung jumps 9%
Asia's technology stocks mostly rebounded on Wednesday amid choppy trading following a global selloff in the previous session.
Brent falls below $76, notching its lowest level since day before U.S.-Iran war
U.S. President Donald Trump intensified pressure on oil companies to lower gasoline prices following the recent decline in crude.
Business
Hedge Funds Look Set to Win Another Exemption From EU ESG Rules
Hedge funds are set to be excluded from a requirement that would force investment managers in Europe to categorize whether their products are ESG or not.
The quest to look hotter is reshaping America's homes
Health-obsessed homebuyers are splurging on cold plunges, saunas, and cryotherapy chambers. Real estate's biggest flex isn't just for the uber-rich.
Business
SK Hynix Seeks $29 Billion With New US Listing to Fund AI Boom
SK Hynix Inc. is looking to raise 45.45 trillion won ($29.4 billion) by selling depositary receipts on the Nasdaq exchange.
I implanted Paradromics' first long-term brain chip in a patient. I began my career as an electrical engineer.
Dr. Matthew Willsey, a neurosurgeon, explains how his engineering background led him to implant Paradromcs' first long-term brain chip.
Business
Rheinmetall Tumbles as Germany Said to Shelve Warships Contract
Rheinmetall AG shares fell the most in a year on concern the defense firm will come under pressure as Germany plans to withdraw a major warships contract.
Business
Tankmaker KNDS Starts Process for Frankfurt, Paris IPO
Tankmaker KNDS started the process to hold an initial public offering in Frankfurt and Paris on Wednesday, a step forward in its development as a pan-European defense company. Bloomberg's Charles Capel reports. (Source: Bloomberg)
Business
China Says Iran Crisis Shows Nations Must Speed Up Energy Shift
Oil and gas shortages triggered by the US war against Iran should be a lesson to countries to accelerate their energy transitions, according to China’s climate envoy.
Flexport CEO reignites debate over remote work after likening it to 'white-collar fraud'
Ryan Petersen, the CEO at Flexport, said he believes that working from home introduces too many distractions and can hurt workplace culture.
Business
US Diesel Prices Fall Under $5, Easing Inflationary Pressure
The cost of diesel in the US fell below $5 a gallon for the first time since mid-March, offering some relief for one of the global economy’s most important fuels.
Polaroid tells people to jump in some water 'before the data centers drink it all up'
Polaroid is one of a growing crop of brands leaning into anti-AI marketing. The "cheeky" ad is part of its "the best of summer is analog" campaign.
Business
Tankmaker KNDS starts process for listing in Paris and Frankfurt
IPO will test investor appetite for defence stocks and comes as the region embarks on a rearmament drive
BCG's Mark Abraham
Mark Abraham, BCG's global leader of marketing and sales, sat down for a video interview with CMO Insider.. Abraham spoke about how
Defense giant KNDS plans IPO in Paris and Frankfurt
KNDS plans to list shares in Paris and Frankfurt, with current shareholders expected to sell up to 20% of existing share capital.
Morgan Stanley doubles China humanoid robot shipment forecast as commercialization accelerates
Morgan Stanley has sharply raised its outlook for China's humanoid robotics market, as early commercial deployment in real-world scenarios accelerated.
Business
Tankmaker KNDS Kicks Off Process for Frankfurt and Paris IPO
Tankmaker KNDS NV started the process to hold an initial public offering in Frankfurt and Paris in the next few weeks as it moves forward with plans to become a pan-European defense company.
An AI startup is suing the US government for taking away Anthropic's new model
Legal tech company Legion filed a suit over a order requiring Anthropic to keep its models Fable 5 and Mythos 5 away from foreign nationals.
Ukraine is raising the cost of war for Russia — and testing Putin's resolve
A string of political victories and deep-strike successes has bolstered confidence in Ukraine amid its long-running war with Russia.