Elon Musk Steps Down From Trump’s Cost-Cutting DOGE Agency Amid Frustration Over Federal Spending Elon Musk, the billionaire CEO of Tesla and SpaceX, has officially stepped down from his advisory role in former President Donald Trump’s administration, ending his tenure as the head of the Department of Government Efficiency (DOGE) after just five months. In a post shared Thursday night on his social media platform X, Musk announced the conclusion of his stint as a Special...

China Slashes Lending Rates to Record Lows Amid U.S. Trade Tensions and Economic Uncertainty In a decisive move to stabilise the world’s second-largest economy, China’s central bank, the People’s Bank of China (PBOC), has slashed its key lending rates to historic lows. This monetary easing comes amid escalating trade tensions with the United States and follows a broader economic stimulus package unveiled earlier this month. The PBOC lowered both its 1-year and 5-year loan...

Coinbase Suffers Data Breach: Cybercriminals Demand $20M Ransom in Latest Crypto Security Crisis Coinbase, the United States’ largest cryptocurrency exchange, has confirmed a serious data breach involving internal bribery and a ransom demand from cybercriminals. The incident, which resulted in customer data being leaked and exploited in sophisticated scams, has raised fresh concerns over cybersecurity in the digital finance industry. The breach involved criminals illegally obtaining...

Kidnappings, Crypto, and Celebrity Heists: A Dark Trend in Europe’s Underworld In what feels like a chilling blend of high-stakes crime and digital-age vulnerability, a series of kidnapping attempts targeting figures in the cryptocurrency world has stirred fresh concern across Europe. Just days after the harrowing trial of Kim Kardashian’s infamous 2016 Paris robbery began, a shocking near-abduction unfolded on the streets of the French capital — this time involving the...

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Shell Reports $5.6 Billion Q1 Profit and Announces $3.5 Billion Share Buyback Amid Climate Criticism Global energy giant Shell plc reported its Q1 2025 earnings on Friday, revealing a strong financial performance despite ongoing volatility in global energy markets and heightened criticism over its climate commitments. The Anglo-Dutch oil major posted adjusted earnings of $5.6 billion (€5bn) for the first quarter, marking a 52% increase from the previous quarter. While the figure exceeded...

Novartis Surges on Strong Q1 Earnings, Lifts 2025 Outlook as Global Markets Rally Swiss pharmaceutical giant Novartis reported better-than-expected first-quarter results on Tuesday, lifting investor sentiment and driving a modest rally in European and global equity markets. The company’s robust financial performance, powered by strong sales of key therapies across multiple disease areas, prompted Novartis to raise its full-year outlook for both revenue and operating income. Earnings...

From TikTok to AI Agents: How Global Tensions Are Forcing the EU to Rethink Tech Security As geopolitical tensions rise across the globe, European institutions are becoming increasingly cautious about the tech tools they allow their officials to use. From burner phones to bans on popular apps, the European Union is taking steps to shield itself from espionage, disinformation, and data breaches—especially when sensitive government information is on the line. Last week, Financial Times...

Europe’s Quantum Conundrum: Big Investment, Little Public Awareness As Europe races to lead in cutting-edge technologies, quantum science is quickly becoming one of the most strategic—and least understood—frontiers. Despite the European Union placing quantum firmly on its tech agenda and investing millions in development, a recent survey reveals that most Europeans still don’t quite understand what quantum technology actually is. This disconnect comes at a pivotal...

Bill Gates Reflects on the Code That Sparked Microsoft’s Revolution – 50 Years Later As Microsoft approaches its golden anniversary, founder Bill Gates is taking a poignant journey down memory lane—one that stretches back to a pivotal moment in tech history. In a recent blog post marking 50 years since Microsoft’s inception in April 1975, Gates recalls the original computer code he wrote that would become the catalyst for one of the world’s most influential...

Big Tech Challenges EU’s Digital Services Act Fees in Court The European Commission’s enforcement of the Digital Services Act (DSA) has sparked legal backlash from several major online platforms. Meta, TikTok, and Google have filed five separate court cases against the supervisory fees imposed on Very Large Online Platforms (VLOPs), arguing against the financial burden set by the EU. These cases remain unresolved, setting the stage for a potential legal battle between Big Tech and...