North America:

  • Amazon is developing humanoid robots and AI-driven software for package delivery, investing $10 billion in North Carolina to expand cloud and AI infrastructure.
  • Apple collaborates with Tata for iPhone repairs in India, faces challenges with Foxconn, and delays in AI rollout with Alibaba in China due to trade tensions.
  • Microsoft CEO Satya Nadella restructures the organization, assigning LinkedIn CEO Ryan Roslansky additional responsibilities over Office products and AI.
  • Procter & Gamble Co plans to cut 7,000 jobs and streamline its product portfolio, incurring $1 billion to $1.6 billion in pretax charges over two years.
  • Boeing entered a non-prosecution agreement with the U.S. DOJ, including a $1.1 billion payment to avoid prosecution for 737 MAX crashes.
  • Starbucks appoints Mike Grams as the new Chief Operating Officer in a leadership shuffle.
  • Kimberly-Clark is selling its international tissue business, including the Kleenex brand outside North America, to Suzano for around $3.4 to $3.5 billion.
  • CrowdStrike faces inquiries from the US DOJ and SEC regarding a software outage and revenue recognition issues.
  • Citigroup announced job cuts of 3,500 technology positions in China and appointed John McLean as the head of Equity Capital Markets and Global Asset Managers for Australia and New Zealand.
  • Cobalt Holdings has scrapped its plans for a London IPO due to insufficient investor demand.

Europe:

  • Equinor signed a 10-year, USD 27 billion deal to supply natural gas to Centrica, while facing a shutdown at its Mongstad refinery in Norway.
  • CD Projekt has released Cyberpunk 2077 on the Nintendo Switch 2, facing high demand and a global shortfall at launch.
  • Banca Monte dei Paschi expresses confidence in the success of the Mediobanca bid, amidst European stock market activities and ECB decisions.
  • Dr. Martens plans to reduce discounts in the Americas and EMEA regions by 2026 despite a sharp drop in annual profit.
  • Wizz Air Holdings PLC experienced a significant decline in annual profit, falling over 61% due to grounded planes.
  • Hanwha Systems is selling its 5.4% stake in Eutelsat for approximately 78 million euros, taking a significant loss.
  • Thyssenkrupp's defence division TKMS might see Berlin purchasing a stake amidst IPO plans.

Rest of the world:

  • Suzuki Motor suspended the production of its Swift cars due to restrictions on rare earth materials imposed by China.
  • Turkish Airlines' subsidiary AJet is set to start flights to Damascus International Airport.