Business

Bugatti has introduced its latest model, the Bugatti Tourbillon, a hybrid powerhouse with a staggering price tag. This new model will replace the $3.3 million, 1,500-horsepower Bugatti Chiron. Contrary to expectations, the Bugatti Tourbillon is not all-electric, despite the automotive industry’s trend towards electrification and Bugatti’s merger with the all-electric supercar maker Rimac in 2021. Mate Rimac, CEO of Bugatti …

McDonald’s is discontinuing its trial of artificial intelligence (AI) ordering technology in over 100 drive-thru systems across the U.S., potentially slowing down the fast food industry’s adoption of AI. The company had collaborated with IBM to develop and test AI-driven, voice-automated ordering at select locations. Despite this setback, McDonald’s remains committed to exploring AI solutions as competitors are making similar …

Netflix is set to open expansive entertainment venues in two cities, providing fans with immersive experiences related to their favorite shows. These “experiential” complexes, named Netflix Houses, will feature themed events, gift shops, and restaurants. They will repurpose former department store spaces at Dallas Galleria and the King of Prussia Mall near Philadelphia, each covering over 100,000 square feet, and …

The European Union’s executive branch criticized France on Wednesday for its high level of debt, a sharp reproach during an election period where President Emmanuel Macron faces significant opposition from both the far right and left. The EU Commission advised seven countries, including France, to initiate an “excessive deficit procedure,” marking the beginning of a lengthy process before any country …

Robert Gibbs, a former White House press secretary under President Obama, is set to join Warner Bros. Discovery as the head of its communications team. After years in the private sector leading public relations efforts, Gibbs will now oversee public relations and public affairs during a turbulent time for the media industry. Warner Bros. Discovery’s stock is at a historic …

Microsoft has lost its position as the most valuable company in the United States, overtaken by Nvidia, which has soared to impressive heights as Wall Street’s favorite in the artificial intelligence sector.

A record number of millionaires are expected to leave the United Kingdom this year due to political instability and the prospect of higher taxes under a potential Labour government, diminishing the country’s appeal as a top destination for the wealthy. According to a report released Tuesday by migration advisers Henley & Partners, up to 9,500 individuals with at least $1 …

Prices for new homes in China experienced their most significant decline in nearly a decade last month, indicating that Beijing’s ambitious real estate rescue efforts have not yet succeeded in stimulating demand. Data from the National Bureau of Statistics (NBS) on Monday revealed that prices in 70 major cities fell by 0.7% in May compared to April. This represents the …