Samsung Electronics posts record profit in Q2 as AI-driven chip boom lifts earnings Samsung Electronics record profit: Q2 operating profit hit 89.4 trillion won (~€51bn), driven by surging AI demand …
billion
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Business
Proxima Fusion closes record €411 million funding round, valued €2.4 billion
by Leo Müllerby Leo MüllerProxima Fusion Raises €411 Million in Record Round, Becomes Europe’s Most Valuable Fusion Company Proxima Fusion raises €411M at a €2.4B valuation, attracting RWE and Google as investors and funding …
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Toyota shifts truck production to the USA as Microsoft cuts jobs and TKMS eyes big Canadian submarine deal Toyota shifts truck production to the USA in a $3.6B move, while …
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Business
GdW warns new-build investment could fall to €6 billion in 2026
by Leo Müllerby Leo MüllerGdW Warns of New-Build Investment Slump in Germany GdW warns of a new-build investment slump as construction costs cut 2026 new-build spending to €6bn; urges ‘type E’, faster approvals and …
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Business
EasyJet reaches preliminary deal with Castlelake on £5.5 billion bid
by Leo Müllerby Leo MüllerEasyJet takeover edges closer as Castlelake secures “principal agreement” with airline board Castlelake bids £6.90 per share for EasyJet, agreeing a principal deal with the board; the proposed EasyJet takeover …
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Technology
Trump memecoin Nansen analysis finds nearly 1 million investors lost $3.8 billion
by Helga Moritzby Helga MoritzNearly $3.8 Billion Lost by Investors in Trump Memecoin, Nansen Finds Nansen finds nearly 1 million investors lost $3.8 billion buying the Trump memecoin $TRUMP; price collapse and policy shifts …
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Technology
Mistral AI announces July open-weight model and €4 billion AI cloud plan
by Helga Moritzby Helga MoritzMistral AI Faces Scrutiny as It Ramps Enterprise Deployments, Infrastructure and an Open-Weight Model Mistral AI clarifies its strategy amid scrutiny, focusing on enterprise deployments, an open-weight model due in …
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Politics
German Budget Draft Reveals €607 Billion Military Plan Allocating 30%
by Hans Ottoby Hans OttoGerman federal budget draft directs nearly one-third of spending to military buildup German federal budget draft allocates €607 billion to defence over four years; 2030 military spending would reach €183 …
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European defense funding splits as KNDS delays IPO and Quantum Systems nets $1.2 billion KNDS postpones its long-planned IPO amid weak investor appetite while Munich’s Quantum Systems secures $1.2bn—signaling a …
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Business
Quantum Systems announces $1.2 billion funding round valued at $8 billion
by Leo Müllerby Leo MüllerQuantum Systems raises $1.2 billion in funding, valuing the German drone maker at $8 billion Quantum Systems raises $1.2 billion, valuing the German drone maker at $8 billion. Funding will …