Birkenstock Reports 22% Revenue Boost in Q4, Sets Ambitious Growth Targets
Birkenstock reports a 22% increase in Q4 revenue to €456 million, with full-year revenue up 21% to €1.8 billion. The company projects 15-17% growth for fiscal 2025.
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Netflix Fined €4.75 Million by Dutch Regulator for Inadequate Data Privacy Disclosure
The Dutch Data Protection Authority fined Netflix €4.75 million for inadequate disclosure on personal data usage. The regulator highlighted Netflix's failure to clearly explain dat...
Oman's Sovereign Wealth Fund Invests in Elon Musk's AI Venture
The Oman Investment Authority has acquired a stake in Elon Musk's artificial intelligence company XAI, expanding its portfolio which already includes shares in Musk's SpaceX.
Fed Rate Decision Looms: Dollar Strengthens, Auto Stocks Rally on Nissan-Honda Talks
Global shares and the U.S. dollar rise ahead of the Fed's interest rate decision, while automaker stocks rally on news of potential Honda-Nissan tie-ups. The dollar reaches multi-m...
G20 Watchdog Calls for Urgent Action to Mitigate Non-Bank Financial Risks
The Financial Stability Board urges governments to address risks from hedge funds, insurers, and other non-bank financial intermediaries, which now account for nearly half of globa...
Indonesia's Central Bank to Boost Government Debt Purchases in 2025: A Strategic Move Amid COVID-19 Recovery
Indonesia's central bank plans to buy more government debt in 2025, replacing maturing COVID-19 bonds under a deal with the government. This move reflects a continued 'burden shari...
Netflix Fined by Dutch Watchdog for Privacy Statement Violations
The Dutch Data Protection Authority fined Netflix €4.75 million for not properly informing customers about data use from 2018 to 2020, violating GDPR regulations.
UniCredit's Strategic Move: Boosting Stake in Commerzbank to 28% with Ambitions for More
UniCredit boosts its stake in Commerzbank to 28%, aiming to reach 29.9%. The move, starting in September, has sparked takeover speculation. UniCredit holds 9.5% directly and 18.5% ...
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