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DAX Slips 0.20% as SAP Antitrust Deal Weighs on German Stocks
DAX drops 0.20% to 25,107 on July 10 as SAP accepts EU antitrust commitments on maintenance contracts. German index faces valuation pressure with P/E at 17.59.
SK Hynix Jumps 13% in Record $26.5B US Nasdaq Debut on July 10
SK Hynix raises $26.5B in record US IPO, jumps 13% on first day. Memory chip demand from AI boom drives historic debut, largest foreign listing ever.
Apollo Outbids Castlelake for easyJet at £7.15 Per Share, July 11
Apollo Global Management bids £5.7bn for easyJet at £7.15 per share, beating Castlelake’s £6.90 offer. EasyJet shares jump 16% as takeover battle intensifies.
Volkswagen Slashes 50% of Models, Cuts 100,000 Jobs by 2030—July 11
Volkswagen plans to slash 50% of its model range and cut 100,000 jobs by 2030 to combat falling profits and Chinese competition. The restructuring faces union opposition after supervisory board rejection on July 10.
SpaceX Stock Falls 26% From Peak as Wall Street Weighs IPO Reality
SpaceX stock dropped 26% from its post-IPO high to $148 after Nasdaq-100 inclusion. Morgan Stanley targets $300, but history shows mega-IPOs average 23% drawdowns in first year.
SK Hynix Surges 13% in Historic $26.5B Nasdaq Debut on July 10
SK Hynix stock rises 13% to $168.01 in record $26.5B Nasdaq IPO, surpassing Alibaba’s 2014 listing. Chairman says AI demand is ‘enormous’ and customers want more chips than the company can supply.
Vedanta Oil & Gas Surges 8% After Delhi Court Orders $99M Award Release
Vedanta Oil & Gas stock surges 8% after Delhi High Court enforces $99 million arbitral award in Ravva oil field dispute. Government must release ₹450 crore in bank guarantees within 8 weeks.
German Pensions Jump 4.24% on July 1: When Your Raise Arrives
German pensions increased 4.24% on July 1, 2026. A retiree with 45 years of contributions gains €77.85 monthly. Payment timing depends on retirement start date.
Melnyk Eyes Return to Berlin as Ukrainian Ambassador, Proposes Schröder as Putin Mediator
Andrij Melnyk, Ukraine’s UN envoy, says he’d return as ambassador to Germany and proposes Gerhard Schröder as mediator with Putin. He served as ambassador from 2014-2022.