Business
Companies, deals, and the industries shaping the global economy.
Policies & World
Deterring Russia Is Cheaper Than the Alternative, Estonia's Leader Warns Europe
As the European Union argues over how much to spend on defense, Estonian Prime Minister Kristen Michal offers a blunt calculation. The price of failing to deter Vladimir Putin, he says, would dwarf the cost of paying for security now.
4 min read
Markets
Jersey Mike's IPO Filing Reveals a Family on the Payroll and a $41 Million Jet
The sandwich chain's path to the public market comes with an unusually candid look at founder generosity, including tens of millions paid to relatives and a private aircraft for the man who built the company.
4 min read
Business
Germany Signals It Will Back Tougher EU Trade Action Against China
Berlin has long been the most cautious major voice in Europe on China. Its shift toward supporting tariffs and other trade defenses could hand Brussels the weight it needs to confront its largest trading partner.
4 min read
Business
Mayer Brown Hires a Veteran Bond Lawyer to Bolster Its Frankfurt Practice
The firm has poached one of Germany's most experienced debt capital markets lawyers from a rival, the latest sign of how fiercely global law firms are competing for talent in Europe's financial capital.
4 min read
Business
Eurex Deepens Its Asian Push With a Securities Finance Membership in Singapore
A quiet trade association membership out of Singapore points to a larger contest. Europe's biggest derivatives exchange is steadily wiring itself into the plumbing of Asia's fast growing securities lending market.
4 min read
Business
German Business Activity Shrinks Again as Services Drag on Europe's Largest Economy
A closely watched survey showed private sector output falling for a third straight month in June, with a slumping services sector outweighing a steadier factory floor and raising fresh doubts about the German recovery.
4 min read
Business
Meet the Company That Says It Has Cracked AI Software Testing
As artificial intelligence writes ever more of the world's code, the harder problem is proving that the code actually works. Sauce Labs believes it has built the tool that closes that gap.
4 min read
Business
How One Small Business Owner Clawed Back $15,000 in Tariff Refunds
After a Supreme Court ruling forced the government to return billions in unlawful duties, a maker of bags for nursing mothers navigated a clunky federal portal to recover more than 15,000 dollars. Her experience is a map for other importers.
5 min read
Innovation
How France's Mistral Built a $14 Billion AI Empire by Not Being American
Paris-based Mistral trails the American giants on raw benchmarks, yet it has become Europe's most valuable AI company by selling something they cannot: independence from Silicon Valley and Beijing alike.
5 min read
Innovation
Inside Suno's $2.5 Billion Bet That AI Made Music Is Here to Stay
The startup that lets anyone turn a text prompt into a finished song has raised hundreds of millions and started signing peace deals with record labels. Its valuation is a wager that machine made music becomes permanent.
5 min read
Innovation
A Former OpenAI Leader Is Raising $500 Million to Let AI Run the Lab
Periodic Labs, the startup building robotic laboratories that feed scientific data to AI models, is closing in on a giant round. It is a bet that the next frontier for artificial intelligence is physical discovery, not chat.
4 min read
Money
China's Glass King Is Still Betting on Giving, and on the Future
At 80, Fuyao founder Cho Tak Wong has handed his company to the next generation but not his conviction. He remains one of China's most committed givers, and an optimist about where the country's philanthropy is headed.
4 min read
Business
How South Korea's Market Boom Turned Shinsegae's Chairman Into a Billionaire
Chung Yoo-kyung joined the billionaire ranks as shares of her luxury department store group soared. The surprise is that the force lifting her fortune began far from the shop floor, in the country's booming chip sector.
4 min read
Business
Adani and Abu Dhabi's IHC Commit $11.3 Billion to an Indian Aluminum Giant
A 50:50 joint venture will build a fully integrated aluminum complex in Odisha, pairing Gautam Adani's industrial ambition with patient Gulf capital and a bet on the metal that electrification demands.
4 min read