Sophia Patel — Business & Finance Editor

The Magnificent Seven—a group of seven major U.S. technology companies—have reached a combined market capitalization of $20,000 billion, a figure equivalent to the annual economic output of the entire European Union, according to Watson. This market dominance is driven by massive capital expenditures (capex) directed toward artificial intelligence infrastructure. The Scale of AI Infrastructure Investment … Read more

Rotterdam Mayor Carola Schouten is engaged in discussions with organizers of the annual Loods 24 commemoration to ensure the dignity of the event following significant public outcry regarding the scheduled attendance of Israeli Ambassador Zvi Aviner Vapni. The commemoration, set for Thursday, July 30, honors the 6,790 Jewish residents of Rotterdam who were deported from … Read more

Alphabet shares dropped more than 6% on Thursday following the company’s second-quarter earnings report, as investors reacted to a significant increase in capital spending forecasts directed toward artificial intelligence infrastructure. The decline follows a 1.5% drop in the company’s stock on Wednesday, reflecting broader investor anxiety regarding the mounting costs required to sustain the current … Read more

Creditors of the German battery manufacturer VARTA are moving to seize control of the company’s consumer battery division following the collapse of rescue negotiations. An independent analysis revealed a critical liquidity shortfall, prompting the creditor group to pursue a spinoff and a new ownership structure to avoid total insolvency. Creditor Group Moves to Split VARTA … Read more

The European Commission has imposed a total fine of 890 million euros on Google, and its parent company Alphabet, for violations of the Digital Markets Act (DMA). The decision, finalized on July 23, 2026, marks a significant enforcement action against the technology giant, which the Commission has designated as a “gatekeeper” due to its powerful … Read more

Gold prices in Egypt saw fluctuations on Thursday, July 23, 2026, with local markets diverging from global trends. While international spot prices retreated, domestic gold rates—including 21-karat gold at 5,965 EGP—remained elevated as investors sought a safe haven amid ongoing geopolitical tensions in the Middle East. Domestic Gold Price Divergence in Egypt Domestic Gold Price … Read more

BitMEX, a pioneer in the cryptocurrency derivatives market, has announced it will cease all trading operations on September 23, 2026, at 04:00 UTC. The decision was confirmed by HDR Global Trading Limited, the Seychelles-registered owner and operator of the exchange, following a "strategic review of the business and the broader crypto industry," according to MSN. … Read more

The market value of SpaceX has been subject to significant fluctuations, reflecting the broader volatility of financial assets in the current economic climate. According to Aljazeera, the valuation of Elon Musk’s holdings, including SpaceX and Tesla, experienced dramatic swings during late June. On June 24, Musk’s net worth saw a decline of approximately $118 billion, … Read more