Business

Nvidia forecasts 70% revenue growth for 2027 and pauses cloud revenue-sharing deals

Nvidia reported $96.2 billion in second-quarter revenue and projected a 70% sales increase for next fiscal year, even as it stepped back from a revenue-sharing program with cloud providers over antitrust concerns.

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Business·2h ago

Rheinmetall and Hesse announce 270 million euro defense expansion in Kassel and Calden

The project will build a 30,000-square-meter logistics hub, a drone testing facility, and expanded manufacturing capacity for up to 500 Boxer armored vehicles per year.

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Business·10h ago

Nvidia in negotiations to acquire AI repository Hugging Face in $12.9 billion deal

Nvidia is in advanced discussions to acquire open-source AI platform Hugging Face for $12.9 billion, expanding its software reach as model developers develop rival chips.

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Business·yesterday

Nvidia posts $59.7 billion Q2 profit on $96.2 billion revenue as AI chip demand rises

The chipmaker doubled second-quarter revenue to $96.221 billion and grew net profit by 126% for the period ending 26 July, driven by over $89 billion in data center chip sales.

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Business·from Aug 23·upd. yesterday

Volkswagen plans 25% management cut as CEO Oliver Blume tours German plants

Chief Executive Oliver Blume defended a comprehensive restructuring package across nine factory assemblies, warning that German labor costs are double those of European rivals.

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Business·22h ago

Mark Walter firm TWG Global denies fraud and rules out selling Dodgers or F1 team

Holding company TWG Global announced that the Los Angeles Dodgers and its Cadillac Formula 1 team are not for sale, rejecting fraud allegations as federal prosecutors and the SEC examine affiliated investments.

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Business·23h ago

Italian wine patriarch Vittorio Frescobaldi dies in Florence at age 97

Vittorio Frescobaldi, the 31st-generation leader of the 700-year-old Florentine winemaking family who partnered with Robert Mondavi and expanded Tuscan exports, has died in Florence at 97.

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Business·Aug 19

Apple cuts EU App Store fees and replaces per-install charge to comply with Digital Markets Act

Apple will replace its per-install Core Technology Fee with a 5% commission and lower App Store purchase rates to 26% across the European Union starting 1 October 2026.

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Business·Aug 17

UK regulator grants Virgin Trains access to Channel Tunnel line from 2030

The UK rail regulator ORR has approved Virgin Trains' use of the HS1 high-speed line from October 2030, allowing up to 20 daily round trips between London and Paris, Brussels or Amsterdam, challenging Eurostar's monopoly held since 1994.

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Business·2d ago

Target pulls children's clown costume and issues apology over minstrel show imagery

Target withdrew a $25 children's clown outfit and apologized after social media users and cultural experts said the design and promotional imagery mirrored Jim Crow-era blackface caricatures.

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Business·Aug 19

UK watchdog investigates Trainline, Virgin Atlantic, and RED Driving School over drip pricing

The Competition and Markets Authority opened investigations into Trainline, Virgin Atlantic, and RED Driving School over hidden fees that distort the total cost of bookings.

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Business·6d ago

Coricelli offers 500 million euros for Deoleo to outbid Spanish competitors

Italian olive oil producer Pietro Coricelli has submitted a 500 million euro bid for Deoleo through a Spanish holding company, overtaking proposals from domestic rivals Dcoop and Acesur.

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Nvidia forecasts 70% revenue growth for 2027 and pauses cloud revenue-sharing deals

Rheinmetall and Hesse announce 270 million euro defense expansion in Kassel and Calden

Nvidia in negotiations to acquire AI repository Hugging Face in $12.9 billion deal

Nvidia posts $59.7 billion Q2 profit on $96.2 billion revenue as AI chip demand rises

Volkswagen plans 25% management cut as CEO Oliver Blume tours German plants

Mark Walter firm TWG Global denies fraud and rules out selling Dodgers or F1 team

Italian wine patriarch Vittorio Frescobaldi dies in Florence at age 97

Apple cuts EU App Store fees and replaces per-install charge to comply with Digital Markets Act

UK regulator grants Virgin Trains access to Channel Tunnel line from 2030

Target pulls children's clown costume and issues apology over minstrel show imagery

UK watchdog investigates Trainline, Virgin Atlantic, and RED Driving School over drip pricing

Coricelli offers 500 million euros for Deoleo to outbid Spanish competitors

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