Currys PLC has appointed Fredrik Tønnesen, promoted from its Nordic division, as the new CEO, continuing the turnaround strategy initiated by outgoing CEO Alex Baldock. Tønnesen, with over 20 years at Currys and a successful track record in the Nordics where profits tripled under his leadership, is expected to maintain momentum and operational improvements rather than pursue radical changes. The company is in a stronger position with improved profitability and a solid balance sheet, and the market reacted modestly to the news, reflecting cautious optimism. Tønnesen will officially take over in August, tasked with sustaining growth in a competitive market with thin margins.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
