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Europe Finally Writes a Cheque Large Enough to Keep a Company at Home

The European Commission-backed Scaleup Europe Fund made its first investment on 5 August, co-leading a €1 billion round in the Finnish radar-satellite operator ICEYE at a valuation above €10 billion.

ICONS: Tom Waits

The Fly, a new spoken-word piece, is a reminder that one of modern music’s most singular bodies of work is still growing.

America’s Labour Market Stops Adding, and the Fed Loses Its Alibi

July payrolls fell by 23,000 and three months of hiring were revised into near-nothing, leaving the Federal Reserve without the one piece of evidence that made restrictive policy look painless.

Glasgow Proved the Cheap Games Can Work. Gujarat Will Test It.

The 2026 Commonwealth Games closed in Glasgow on Sunday, ending an eleven-day experiment in whether a major multi-sport event can be staged for a fraction of the traditional cost.

The Fund That Was Right About AI and Lost Anyway

A $45 billion AI-focused hedge fund was forced to liquidate its entire public equity book this week after a semiconductor selloff turned leverage into a liability.

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Europe Grew Through an Oil Shock It No Longer Fully Feels

Euro area output expanded at twice the forecast rate in the second quarter even as an energy-driven impulse pushed headline inflation back up.

The Fed’s Dissenters Are Arguing About the Wrong Half of the Mandate

Three Federal Reserve policymakers voted to raise rates this week, the strongest internal challenge to the current stance in a decade.

Fame Is Not Enough

While celebrities appear to wield more influence than ever before, there are still worlds where popularity alone does not grant entry.

Are Middle Managers the Biggest Losers of the AI Era?

The real losers will be those who, as leaders, continue to see themselves primarily as coordinators, supervisors and information intermediaries.

The AI Investment Era Enters Its Hardest Test

Alphabet’s latest earnings have reinforced that the next phase of the AI race will be judged less by technological ambition than by investors’ willingness to finance unprecedented levels of capital spending.

BOA: When Volatility Becomes a Business Opportunity

Bank of America’s latest quarterly results demonstrate that periods of market uncertainty often create the most profitable environment for the world’s largest investment banks.

Odyssey: Nolan’s Last Stand Against Streaming

Nolan spent more than ever before to prove that a theatrical experience still exists that cannot be replicated in a living room.

When a Crisis Discount Becomes a Takeover Price

Prologis has until 22 July to make a formal offer for Segro, and the standoff illustrates how quickly a macro shock converts into a corporate control problem.

Two Inflation Stories, One Energy Shock

Fresh data from Eurostat and the Bureau of Labor Statistics show inflation retreating on both sides of the Atlantic, for reasons that offer central bankers little comfort.

The Chip Trade Discovers Gravity

Taiwan Semiconductor Manufacturing Company beat expectations and raised its outlook this week, and its shares fell anyway.

Europe Switches to Electric

Under the European Commission’s new plan, electricity’s role in the European economy would double by 2040.

FIFA WORLD CUP 2026: The Anatomy of a Winning Identity

With its second FIFA World Cup title, Spain proved that in modern football, sustained success no longer comes from a golden generation, but from a consistently built system.

How Did the Stadium Become an Urban Development Strategy?

According to the world’s leading stadium design firm, the era of “iconic architecture” must come to an end.

When a Dinosaur Is Worth More Than a Monet

A 67-million-year-old Tyrannosaurus rex skeleton named “Gus” sold for $50.1 million at a New York auction, breaking every previous record.