North America:

  • Tesla faces challenges including sales decline in Australia and New Zealand, legal battles over Elon Musk's pay package, and political controversies involving President Trump.
  • Bank of America has appointed Ruben Torres as President of its El Paso branch and cut 150 junior roles in its investment banking division.
  • Google has launched GEMMA 3, a series of lightweight, open models, and plans to invest $750 million in Anthropic.
  • Waymo expands its self-driving taxi service in Silicon Valley.
  • Spotify paid a record $10 billion in royalties to the music industry and launched a new publishing program for independent authors.
  • GE Aerospace plans to invest $1 billion in U.S. manufacturing to enhance engine safety, quality, and delivery.
  • Verizon criticized by the US Department of Transportation for slow progress on its $2.4 billion telecom contract with the FAA.
  • American Airlines involved in a Senate Commerce Committee hearing regarding a fatal collision with an Army Black Hawk helicopter.

Europe:

  • Airbus secures significant orders including 50 A320neo aircraft from Jackson Square Aviation and up to 36 H140 helicopters from Metro Aviation.
  • Inditex remains well-positioned to handle global tariff uncertainty with consistent sales growth and a net profit increase to 5.9 billion euros.
  • Puma faces financial challenges with a decline in stock prices, job cuts, and store closures due to disappointing sales forecasts.
  • Rheinmetall sees a stock price surge due to increased defense spending and growth prospects despite export issues in Switzerland.
  • Porsche AG adjusts medium-term targets and restructuring plans, including a job reduction of 3,900 by 2029.
  • Volkswagen faces challenges including a labor dispute, Northvolt's bankruptcy, and collaborations for advanced technologies.
  • Aterian PLC secures a trade finance facility with an international trading house to support its growth.
  • Rio Tinto faces safety challenges with high worker fatalities at its Simandou project and issues $9 billion in bonds.

Rest of the world:

  • Reliance Jio partners with SpaceX to introduce Starlink satellite internet services in India.
  • Toyota Motor Corp agrees to the union's complete wage increase request and plans to export cars from the UK to the US.
  • TSMC plans a joint venture with U.S. chip manufacturers to manage Intel's foundry division.
  • Uber terminates its acquisition of Delivery Hero's Foodpanda Taiwan business due to regulatory hurdles.