Business · Pollar

12 US states sue to block Paramount Skydance's $110 billion Warner Bros. Discovery takeover, setting up antitrust clash

California and 11 other states filed suit in federal court Monday to stop Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, arguing the deal would raise prices for moviegoers and cable subscribers while squeezing independent theaters.

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Business·8h ago

Intel invests €5 billion in Leixlip plant to expand AI chip manufacturing, adding hundreds of jobs

The US chipmaker will upgrade its Leixlip facility west of Dublin with new equipment, adding several hundred jobs to the 4,900-strong workforce, as it races to meet surging demand for AI data-centre processors.

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Business·8h ago

Bosch starts sample chip production at first US plant, finalizes $225 million CHIPS Act funding

The German supplier began sample production of silicon carbide semiconductors at its Roseville, California facility on Monday, locking in a $225 million U.S. Commerce Department grant. The plant, bought in 2023 for a total investment of $2 billion, will start commercial output later this year.

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Business·9h ago

Crans-Montana tourism body expects stable summer bookings six months after deadly New Year’s bar fire

Six months after a fire at the Le Constellation bar killed 41 people and injured 115, Crans-Montana Tourisme & Congrès says summer and autumn bookings remain stable, though geopolitical tensions and a strong franc weigh on the market.

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Business·from Jul 9·upd. 7h ago

Volkswagen CEO warns up to 50,000 more job cuts needed to match rivals' costs

CEO Oliver Blume says overhead costs are 20 percent above the industry average and, without wage changes, the theoretical reduction is 50,000 positions worldwide, on top of an existing 50,000-job cut plan.

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Business·from Jul 10·upd. 1h ago

Apple sues OpenAI over alleged trade secret theft, jeopardizing its rival hardware plans

A lawsuit filed on Friday accuses the ChatGPT maker of orchestrating a scheme to extract confidential hardware data from former Apple employees, with over 400 ex-staff now working at OpenAI.

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Business·22h ago

Mercedes expands Hungary plant to become its largest in Europe as German carmakers shift production east

The Kecskemét site, now capable of producing up to 400,000 vehicles a year, will build the electric C-Class alongside existing A-Class and GLB models. Production costs in Hungary run roughly 70% below German levels.

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Business·23h ago

EU ministers set to approve new air passenger rights: compensation stays at three hours, families and disabled travellers gain protections

EU ministers are expected to clear the final hurdle on 13 July 2026 for a reform that keeps compensation thresholds for delays at three hours while introducing new rules on seating for families, price display and claims procedures.

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Business·from Jul 10·upd. 3d ago

SK Hynix raises $26.5B in record foreign IPO, CEO warns memory shortage will last past 2030

The South Korean memory giant debuted on the Nasdaq on July 10, raising $26.5 billion and opening 14% above its offer price. CEO Kwak Noh-jung warned that memory supply will fall short of demand through 2030, with 2027 set to be the worst year on record.

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Business·from Jul 10·upd. 3d ago

Xavier Niel buys Emirates stake to become Vodafone's top shareholder in a £4.4bn deal

The Iliad founder's investment vehicle Vega agreed to buy the entire 16.2% holding from e& at 112.5 pence per share, a 15% premium that sent Vodafone stock up 13.6% on Friday.

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Business·from Jul 10·upd. 3d ago

Fidji Simo, OpenAI's No. 2, Steps Down Over Chronic Illness, Becomes Part-Time Adviser

Three months after going on medical leave, Fidji Simo, the French-born executive who ran product and business at OpenAI, said Thursday she will not return to her full-time role and will instead advise the company part-time.

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Business·3d ago

BMW global deliveries fall 4.9% in Q2 as China sales crash 30% to 117,815 units

BMW Group delivered 590,962 vehicles in the second quarter, a 4.9% decline year-on-year, as a prolonged property crisis in China crushed demand for luxury cars. Europe and the US grew, but not enough to offset the 30% slump in the group's biggest market.

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12 US states sue to block Paramount Skydance's $110 billion Warner Bros. Discovery takeover, setting up antitrust clash

Intel invests €5 billion in Leixlip plant to expand AI chip manufacturing, adding hundreds of jobs

Bosch starts sample chip production at first US plant, finalizes $225 million CHIPS Act funding

Crans-Montana tourism body expects stable summer bookings six months after deadly New Year’s bar fire

Volkswagen CEO warns up to 50,000 more job cuts needed to match rivals' costs

Apple sues OpenAI over alleged trade secret theft, jeopardizing its rival hardware plans

Mercedes expands Hungary plant to become its largest in Europe as German carmakers shift production east

EU ministers set to approve new air passenger rights: compensation stays at three hours, families and disabled travellers gain protections

SK Hynix raises $26.5B in record foreign IPO, CEO warns memory shortage will last past 2030

Xavier Niel buys Emirates stake to become Vodafone's top shareholder in a £4.4bn deal

Fidji Simo, OpenAI's No. 2, Steps Down Over Chronic Illness, Becomes Part-Time Adviser

BMW global deliveries fall 4.9% in Q2 as China sales crash 30% to 117,815 units

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