VW warns that Porsche EV delay will put €5.1bn dent in profits Summary Volkswagen has warned that a delay to Porsche’s electric vehicle programme will knock about €5.1bn off the group’s profits. The disclosure highlights the financial risks carmakers face as they shift to EVs and the knock-on effects of slipping product timetables. Key Points […]
Trump and Xi to meet in South Korea as US president hails TikTok deal Summary US President Donald Trump is set to meet Chinese leader Xi Jinping in South Korea. Mr Trump publicly praised a recently announced TikTok deal, framing it as a positive step for US tech and national security concerns. The planned encounter […]
Meet the new head of Blackstone’s BREIT following tragic shooting Summary Katie Keenan has been named CEO of Blackstone’s BREIT, the firm’s $105 billion real-estate fund for wealthy individual investors, and will also serve as global head of its Core+ real-estate strategy. She succeeds Wesley LePatner, who was fatally shot this summer in an attack […]
It’s official: Casino chips count for ‘no tax on tips’ policy, benefiting Nevada workers Summary The Treasury has issued guidance confirming that tips paid in casino chips — and other non-cash tips such as cards, checks, gift cards and electronic payments — qualify for the federal “no tax on tips” deduction. The guidance also says […]
M-PESA is upgrading its platform on Sept. 22; here’s what customers can expect after Summary Safaricom will perform a major migration of M-PESA to a new core called Fintech 2.0 on 22 September. The telco plans a three-hour overnight window during which M-PESA services (payments, airtime purchases and related functions) will be offline while customer […]
In ‘brutal’ interview, SAP CFO says AI means the company can produce more software with fewer people Summary SAP’s CFO, Dominik Asam, told Business Insider that AI is already changing how the company builds and operates software. He says SAP is using AI tools across the business — from research and presentations to automating back‑office […]
Sportsbooks Running Prediction Markets Risk Arizona Licences Summary The Arizona Department of Gaming has warned licensed sports betting and fantasy operators that relationships with companies offering prediction or event contracts could affect their suitability to hold an Arizona licence. The guidance echoes recent warnings from other states, including Ohio, and follows a wave of cease-and-desist […]
I made $1.2 million as a résumé writer last year. AI has reduced my monthly income by about a third, and I’m thinking about a career pivot. Summary Richard Lambert, a highly successful résumé writer who earned roughly $1.2 million in 2024 and has made over $7 million via Fiverr since 2014, says AI has […]
Make ‘immediate cuts’ in water use or face crisis, Colorado River experts warn Summary A group of six river researchers warns the Colorado River system — which supplies water to some 40 million people including Las Vegas — is closer to collapse than ever. Their conservative analysis assumes another dry winter in 2026 and concludes […]
A new uranium processing facility for US nukes is late and billions over budget as the old one crumbles, watchdog reports Summary The US Government Accountability Office (GAO) reports that the National Nuclear Security Administration’s (NNSA) long‑planned uranium processing facility in Oak Ridge, Tennessee, is years behind schedule and roughly $4 billion over earlier estimates. […]
