Google Burns Through Cash as AI Costs Surge, Alphabet Plans Soaring AI Spend
Alphabet reported negative free cash flow amid mounting AI investments, with $45 billion spent in Q2 on servers and data centers as the company...
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Jaguar Land Rover Recalls Over 15,000 Discovery Sport Vehicles for Rearview Camera Water Damage
Jaguar Land Rover is recalling more than 15,000 Discovery Sport models due to a rearview camera water-damage risk from insufficient drainage holes, with no-cost repairs.
Disney Lays Off Hundreds Across Pixar ESPN and National Geographic Amid Box-Office Slump
Disney announces a broad workforce reduction affecting Pixar, ESPN and National Geographic, with Pixar personnel largely impacted.
Lindt’s Easter Chocolate Sales Fall After Price Hike
Lindt’s revenue slowed in H1 2026 after a groupwide price increase of 11.8% hit demand in Europe, with volume declines and softer airport sales.
EU Clears Paramount-WBD Merger With Concessions As U.S. Antitrust Hurdle Persists
EU regulators approve Paramount Skydance’s acquisition of Warner Bros. Discovery, conditioned on concessions, amid U.S.
Senate Panel Advances China Auto Bill That Could Bar Mercedes-Benz From U.S.
The Senate Commerce Committee advanced a bipartisan bill aimed at restricting Chinese-linked automakers and vehicle tech from the U.S.
Former Lloyd’s Of London Bosses Had Relationship Breached Rules, Firm Says
Lloyd’s of London disclosed that former chief executive John Neal and former corporate affairs director Rebekah Clement’s relationship breached compliance rules and created potential...
Mediterranean Yacht Charters See 20%–30% Drop Amid Discounts as Demand Cools
Mediterranean yacht charters are down 20%–30% from last year as brokers offer discounts to fill remaining July and August weeks.
Ford Recalls Nearly 388,000 SUVs Over Second-Row Seat Injury Hazard
Ford is recalling nearly 388,000 Explorer and Lincoln Aviator SUVs over a defect in the second-row easy-entry seats that could move unexpectedly and impair restraints.
Nike Plans Major China Online Shakeup, Cutting Thousands Of Distributors
Nike is restructuring its online presence in China, cutting thousands of distributors and shifting sales to its own website, app, and selected official stores...