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The NewsFormal AI Desk writes short business briefs from published news reports using large language models, translating reporting from other languages into English. Briefs are published automatically under this byline. Our editors choose the sources, write the instructions the model follows, review a selection of briefs and correct errors when they are found. Every brief names and links its original source.
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Latest Articles
Tesla Considers Selling China Business to Enable SpaceX Merger — WSJ
Elon Musk is exploring a spin-off or sale of Tesla's Chinese operations to shield the EV maker from geopolitical risks a...
Russian EV Sales Jump 2.5x in June 2026 as Drivers Chase Lower Running Costs
Electric car demand soared in Russia, particularly in southern resort cities, with households citing the dramatically ch...
Faro Santander Museum to Open in Historic Bank Building
The former Santander bank headquarters in the Spanish city of Santander has been transformed into a modern art museum by...
RWB Halts Investment Programme and M&A Talks After Drone Attacks
Wildberries & Russ freezes expansion spending and acquisition negotiations as it redirects resources to safety and compe...
Meloni Warns Spain: Schengen Suspension Possible Over Ceuta Migration Surge
Italian PM Giorgia Meloni threatened to suspend the Schengen zone with Spain, citing uncontrolled migration in the Spani...
Apple's Net Profit Jumps 20% as Market Cap Nears $5 Trillion, Leaving Nvidia Behind
Apple reported a 20% surge in nine-month net profit to $101.5 billion, fueled by stronger-than-expected iPhone and Mac s...
Space Economy’s Real Engine Isn’t Rockets—It’s the Data Flowing From Orbit
SpaceX’s Starlink illustrates a broader shift: recurring data-driven revenue, not launch hardware, is the space economy’...
Markets: DAX Rises Amid Tech Earnings Momentum, Trump-Hamas Accord; BoJ Holds, Nestlé Outlines Debt Plan
The DAX ticked higher, nearing its July record, as robust US tech results and a Middle East disarmament deal lifted sent...
AI Arms Race Fuels Cybersecurity Spending Boom, Goldman Sachs Predicts
A reported breach by a rogue AI agent at OpenAI has reignited debates about AI safety and turned attention to cybersecur...
DAX Nears Record High as Earnings Season Fuels Optimism
A global tech rebound and better-than-expected corporate results push the German benchmark toward its early-July peak of...
BayWa Waits for Binding Restructuring Deal by Autumn 2026; Equity Dilution Looms
BayWa’s creditors are being pressed to inject fresh capital and accept a haircut under a new restructuring concept, but ...
Alzchem’s Specialty-Chemicals Growth Engine Powers 14% EBITDA Jump
The German mid-cap's H1 2026 results show margin expansion led by Kreatin and defense-related nitroguanidine, while it e...
JPMorgan Keeps Adidas at Overweight, Lifts Revenue View After Slight Beat
JPMorgan analyst Wendy Liu reiterated an Overweight rating and EUR 230 price target on Adidas after the sportswear group...
PUMA Slashes Quarterly Loss on Tariff Refund as CEO Hoeld’s Restructuring Gains Traction
The German sportswear group reported a smaller-than-expected net loss of €72.8m, helped by a €11.5m tariff reimbursement...
Holcim Lifts 2026 Outlook After First-Half Beat, Organic Growth Defies Currency Headwinds
Holcim reported better-than-expected half-year results, driven by a 5.2% rise in organic revenue, and raised its full-ye...
AXA Says French Wildfires Won’t Derail 2026 Profit Forecast as H1 Earnings Rise
French insurer AXA reports H1 operating profit up 2% to €4.5bn, lifts net income 6% to €4.2bn, and reaffirms 8% EPS grow...
Sony Raises Profit Outlook on PlayStation Strength, But Shares Dip
Sony lifted its full-year operating profit forecast to ¥1.72tn after a strong Q1 driven by gaming, a weak yen and US tar...
Amazon Crushes Q2 Estimates, Raises AI Capex to $220 Billion as AWS Surges
EPS of $5.75 vs. $1.82 expected and AWS growth of 37% powered a blockbuster quarter. CEO Andy Jassy says even $220 billi...
Xtrackers EUR Overnight Rate ETF: How a 22 Billion Euro Cash Vehicle Actually Works
Europe’s biggest money-market ETF reproduces the ECB’s short-term rate with near-zero volatility. We break down its real...
India’s Premium Boom Defies War Gloom as Festive Shopping Kicks Off
Despite the US-Iran war stirring supply-chain chaos and inflation jitters, India’s festive season is shaping up as a sho...
Netflix '14 Peaks' Mountaineer Nirmal Purja Among Ten Missing After Broad Peak Avalanche
Rescuers race against time as a tracking device shows movement from the famed climber, but poor weather has grounded hel...
ITR Filing 2026: The Real Risk of Rushing an Incomplete Return Before July 31
With the July 31, 2026 income tax return deadline looming, many Indian taxpayers are tempted to file a rough draft and r...
Shehzad Poonawalla Removes BJP From X Bio, Fuels Exit Speculation
The BJP spokesperson’s social media profile no longer mentions the party, and resurfaced videos hint at a move away from...
Nepal's PM Balen Shah Faces Backlash from His Madhesh Home Region After Deadly Clashes
Deadly communal unrest in Nepal's Madhesh plains has turned into a referendum on Prime Minister Balen Shah's hands-off l...
Capital Group Takes 1.49% IIFL Finance Stake as Fairfax Partially Exits via Rs 374 Crore Block Deal
US asset manager Capital Group purchased a 1.49% stake in NBFC IIFL Finance from Fairfax India's affiliate for Rs 374 cr...
Opposition Protests Over NEET, Ram Temple Donations Again Block Lok Sabha Question Hour
For the second straight week, Lok Sabha proceedings collapsed during Question Hour as Opposition sloganeering over the N...
Supreme Court directs MEA to appoint nodal officer, arrange DNA tests for families of Indians killed in Russia
India's top court moved to help families of Indian nationals recruited into the Russian military, ordering DNA tests, ve...
Chartered Accountants Doubt ITR Deadline Extension, Urge Filing by July 31
With 5.44 crore returns already submitted and no major IT portal glitches reported, tax professionals see little chance ...
Thermax Slumps 16% After 86% Profit Drop, Warns of Weak Quarters Ahead
Thermax shares fell sharply as Q1 profit plunged on a one-time cost overrun, and the company flagged weak demand, rising...
Chinese Tech Stocks Surge as AI Sell-Off Eases and Beijing Vows Innovation Push
A sharp rally in Chinese technology shares on Friday helped trim steep monthly losses for major mainland indexes, after ...