Politics & Economy

Economy

Business·3d ago

Ferrari unveils Luce, its first all-electric car, in a high-stakes bet on luxury EV performance

Exactly 79 years after its first historic victory, Ferrari has unveiled the Luce, its first fully electric vehicle, marking a generational technology shift for the luxury sports car maker.

Rome · Maranello

John Elkann Benedetto Vigna Piero Ferrari Sergio Mattarella Jony Ive Marc Newson Flavio Manzoni Franco Cortese Enrico Galliera Gianmaria Fulgenzi

Business·9h ago

Anthropic Raises $65 Billion at $965 Billion Valuation, Surpassing OpenAI as the World's Most Valuable AI Startup

AI startup Anthropic has secured $65 billion in new funding, propelling its valuation to $965 billion and overtaking rival OpenAI, as demand for its Claude chatbot surges.

Krishna Rao Darío Amodei Christopher Olah

Business·2d ago

BP plunges into fresh boardroom crisis as chairman Albert Manifold is ousted after only eight months—and he hits back

The British energy giant removed Albert Manifold on Tuesday over whistleblower complaints, triggering his furious rebuttal and reigniting concerns about chronic leadership instability.

London · Dublin

Albert Manifold Meg O'Neill Amanda Blanc Ian Tyler Bernard Looney Helge Lund Murray Auchincloss Paul Sankey

Business·yesterday

New York and New Jersey Investigate FIFA Over 'Impossibly High' World Cup Ticket Prices and Misleading Sales Practices

The attorneys general of New York and New Jersey have opened an investigation into FIFA's ticketing for the 2026 World Cup, citing artificially inflated prices and deceptive seating practices.

New York City · East Rutherford

Jennifer Davenport Letitia James Gianni Infantino Samuel Levine Rob Bonta

Business·3d ago

Ferrari's First EV, the €550,000 Luce, Sparks Market Rout and a Storm of Criticism from Former Bosses, Politicians, and the Pope

Ferrari's unveiling of the Luce, its first all-electric car, was met with an 8.4% stock crash and a wave of ridicule from a former president, politicians, and the public, who questioned its design, price, and departure from tradition.

Maranello · Milan · Castel Gandolfo

Luca Cordero di Montezemolo Benedetto Vigna John Elkann Pope Leo XIV Jony Ive Marc Newson Carlo Calenda Matteo Salvini Stephan Winkelmann Scott Sherwood Sergio Mattarella Piero Ferrari

Business·3d ago

Indra Appoints Renault Executive Josep Maria Recasens as New CEO to End Governance Crisis

Spanish defense and technology firm Indra has appointed Josep Maria Recasens, a senior Renault executive, as its new CEO, replacing José Vicente de los Mozos and aiming to stabilize its leadership.

Madrid · Girona

Josep Maria Recasens José Vicente de los Mozos Ángel Simón Ángel Escribano Luca de Meo Jordi Hereu

Business·yesterday

Meta Launches Paid 'Plus' Subscriptions for Instagram, Facebook, and WhatsApp Globally

Meta has officially begun the global rollout of paid subscription plans for Instagram, Facebook, and WhatsApp, marking a major shift in its business model to diversify revenue beyond advertising.

Menlo Park

Naomi Gleit Mark Zuckerberg

Macro·11h ago

Bank of Italy Governor Panetta Warns Gulf Conflict Could Stagnate Italian Economy, Urges EU Reform and Youth Investment

Bank of Italy Governor Fabio Panetta delivered a stark warning that the conflict in the Persian Gulf has dramatically weakened economic prospects, potentially pushing Italy into stagnation or contraction, while calling for urgent European reforms and investment in youth.

Rome · Strait of Hormuz

Fabio Panetta Donald Trump

Business·yesterday

Google Engineer Charged with Insider Trading After Winning $1.2 Million on Polymarket Bets

Michele Spagnuolo, a 36-year-old Italian Google engineer living in Switzerland, allegedly used internal search data to place bets on prediction market Polymarket, netting $1.2 million in illegal profits.

New York · Zurich

Michele Spagnuolo D4vd James C. Barnacle, Jr.Jay Clayton Gannon Ken Van Dyke

Macro·3d ago

ECB officials signal June rate hike as Iran war drives inflation toward 4% and economic outlook darkens

Top European Central Bank officials Isabel Schnabel and Philip Lane have delivered their clearest warnings yet that interest rates will rise in June, as the Iran war pushes eurozone inflation toward 4% and the macroeconomic outlook deteriorates.

Frankfurt

Isabel Schnabel Philip Lane

Macro·7h ago

German inflation unexpectedly drops to 2.6% in May as fuel discount takes effect, but ECB rate hike looms

Germany's annual inflation rate fell to 2.6% in May from 2.9% in April, defying economist expectations, as a temporary fuel tax cut and lower crude oil prices eased pressure on consumers.

Wiesbaden · Frankfurt

Holger Schmieding Silke Tober Isabel Schnabel Joachim Nagel Philip Lane Yannis Stournaras Andreas Pischetsrieder

Business·2d ago

Gucci becomes first luxury fashion house to title a Formula 1 team, partnering with Alpine from 2027

Italian luxury fashion house Gucci will become the title partner of Renault's Alpine Formula One team starting in the 2027 season, marking the first time a luxury brand has lent its name to a racing team.

Paris · Enstone

Francesca Bellettini Flavio Briatore Luca de Meo François Provost Franco Colapinto Pierre Gasly