Nicolas Thomas

Hensoldt surfing the wave of soaring European defense budgets

May 07, 2025 at 11:29 am

US lawmaker wants to curb smuggling of Nvidia chips to China

A US congressman plans to introduce legislation in the coming weeks to strengthen the traceability of artificial intelligence chips, particularly those produced by Nvidia, after they are sold. The initiative, which has bipartisan support, aims to counter the growing cases of smuggling of these components to China in violation of US export controls.

May 06, 2025 at 01:37 pm

Fentanyl, Gaza, the environment… the Pulitzers reward hard-hitting journalism

The Pulitzer Prizes are to journalism what the Oscars are to cinema, an award for excellence presented each year to recognize the best articles.

May 06, 2025 at 12:33 pm

DoorDash acquires Deliveroo for $3.9bn

May 06, 2025 at 12:25 pm

Criticized and sued, OpenAI abandons its restructuring

(MarketScreener with Reuters) OpenAI announced Monday that it was abandoning a major restructuring plan to transfer control of the company to a for-profit entity. The group confirmed that its current structure, a non-profit organization overseeing a commercial entity, would remain unchanged amid legal pressure, public criticism, and an ongoing lawsuit filed by its co-founder Elon Musk.

May 06, 2025 at 12:16 pm

Mediobanca relaunches banking battle with bid for Banca Generali

Mediobanca fought back on Monday in its battle to preserve its independence by announcing a ?6.3bn ($7.15bn) bid to buy private bank Banca Generali. The deal would be financed by using its stake in insurer Generali.

April 28, 2025 at 12:26 pm

Porsche loses ground in China as local electric vehicles flood the market

Foreign automakers are facing an uphill challenge at this year's Shanghai Auto Show: winning back Chinese consumers as their domestic rivals roll out sleek, affordable, and technologically advanced electric vehicles at a breakneck pace.

April 24, 2025 at 01:38 pm

Intel will no longer be able to freely export its AI chips to China

April 17, 2025 at 05:52 pm

With Yodel, Poland's InPost enters the top three logistics companies in the United Kingdom

The Polish logistics company is beginning to implement its UK growth plan. Through a small stockmarket maneuver, the group has acquired Yodel and is now the third-largest parcel delivery company in the UK.

April 17, 2025 at 05:00 pm

The $500bn Stargate project has its sights set on the UK

April 17, 2025 at 03:04 pm

Nvidia leaves some Chinese customers in the dark about new restrictions

Nvidia did not notify some of its major customers in China of the new US rules restricting the export of its artificial intelligence chips to that market, according to two sources familiar with the matter.

April 17, 2025 at 01:56 pm

Forvia seeks to mitigate impact of US tariffs

French automotive equipment manufacturer Forvia wants to minimize the impact of tariffs. With this in mind, the group is reviewing several strategies and contracts.

April 17, 2025 at 12:42 pm

Trump launches investigation into all US imports of critical minerals

The US president yesterday ordered an investigation into the possibility of new tariffs on all imports of critical minerals into the United States. This gesture marks a new escalation in his trade tensions with foreign partners and is part of a desire to counter China's dominant influence in this strategic sector.

April 16, 2025 at 12:27 pm

AMD to produce its processors with TSMC in Arizona

With the threat of tariffs hanging over the semiconductor sector, AMD is moving its production completely to TSMC's US plant in Arizona. This initiative was taken ahead of Trump's decisions, but can only be welcomed ahead of the US President's next announcement.

April 15, 2025 at 02:45 pm

Customs duties cloud ASML's visibility

The Dutch company ASML will publish its results on Wednesday, April 16. The recent tariff slump and a slight fallout from the enthusiasm surrounding artificial intelligence on the stockmarket are creating uncertainty about the company's future prospects.

April 15, 2025 at 02:36 pm

Holcim plans to spin off its North American activities in June

April 14, 2025 at 05:08 pm

Mehul Choksi, Indian jeweller wanted for bank fraud, arrested in Belgium

Indian jeweler Mehul Choksi was wanted by the Indian government for a $1.8bn bank fraud.

April 14, 2025 at 02:49 pm

J Sainsbury: Price wars amongst UK retailers

With the publication of Sainsbury's annual results fast approaching on Thursday, the UK's second-largest food retailer could follow Tesco's lead in lowering its profit outlook for the year in a bid to gain pricing flexibility. A potential decision that would be interpreted as a new episode in the rising price tensions between the sector giants.

April 14, 2025 at 02:37 pm

Italy's Gianluigi Aponte to buy CK Hutchison's ports

After China blocked BlackRock's takeover of the ports, Gianluigi Aponte, owner of MSC, is now trying to buy Panama Canal's 43 ports.

April 14, 2025 at 02:24 pm

FDA no longer wants animal testing in laboratories

Shares in suppliers of laboratory test animals plummeted yesterday after a major announcement by the Food and Drug Administration (FDA) that it is set to drastically reduce the use of these methods in the development of new drugs.

April 11, 2025 at 04:37 pm

London says yes to Shein, but Beijing keeps control of its IPO

Shein has finally obtained the go-ahead from London for its IPO, but is still awaiting Beijing's decision. At the same time, the elimination of the "de minimis" tariff loophole and the tariffs announced by Donald Trump could further delay the operation.

April 11, 2025 at 04:01 pm