Marcin Frąckiewicz

Cloudflare’s 1,100 Job Cuts Show How Fast AI Is Rewriting Tech Work
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Cloudflare’s 1,100 Job Cuts Show How Fast AI Is Rewriting Tech Work

Cloudflare will cut over 1,100 jobs, about 20% of its staff, as it reorganizes around agentic AI. Shares fell 19% in extended trading after the announcement, despite first-quarter revenue rising 34% to $639.8 million and adjusted earnings beating estimates. The company expects up to $150 million in restructuring charges, mostly in Q2. Departing employees will receive pay through 2026 and extended healthcare.
May 8, 2026
Why Nintendo’s Switch 2 Price Hike Is Hitting Now
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Why Nintendo’s Switch 2 Price Hike Is Hitting Now

Nintendo will raise Switch 2 prices in Japan, the U.S., and Europe, citing higher component costs and tariffs. The Japanese price increases to 59,980 yen on May 25; the U.S. price rises to $499.99 on Sept. 1. Nintendo forecasts Switch 2 sales to fall to 16.5 million units this year, down from 19.86 million. Net profit for the last fiscal year rose 52% to 424.1 billion yen.
May 8, 2026
L&T Bags ₹2,500–₹5,000 Crore Realty Orders As Hyderabad, Mumbai And Karnataka Projects Move Ahead
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L&T Bags ₹2,500–₹5,000 Crore Realty Orders As Hyderabad, Mumbai And Karnataka Projects Move Ahead

Larsen & Toubro’s Buildings & Factories business secured large real-estate orders in Hyderabad, Mumbai, and Karnataka, days after warning of slower growth from Middle East disruptions. The company did not disclose the client or contract values. The new domestic projects include high-rise towers, a luxury hotel, and villas. Middle East orders made up about 40% of L&T’s record 7.4 trillion rupee backlog last quarter.
May 8, 2026
Rheinmetall Stock Falls Below €1,300 After JPMorgan Downgrade: Why the Defense Rally Is Cracking
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Rheinmetall Stock Falls Below €1,300 After JPMorgan Downgrade: Why the Defense Rally Is Cracking

Rheinmetall shares fell below 1,300 euros Friday, hitting a one-year low after JPMorgan downgraded the stock and cut its price target. The company reported first-quarter sales of 1.94 billion euros, missing analyst forecasts, and said operating free cash flow dropped by 527 million euros to minus 285 million euros. Order backlog rose to 73 billion euros at the end of March.
May 8, 2026
Federal Bank EPFO Payments Go Live: What Changes For Employers Paying PF Dues
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Federal Bank EPFO Payments Go Live: What Changes For Employers Paying PF Dues

Federal Bank has enabled Employees’ Provident Fund Organisation payments through its net-banking platform, offering customers a direct online channel to pay EPF dues. The service, launched in New Delhi with EPFO officials present, aims to streamline compliance for businesses and individuals. Federal Bank shares traded at 295 rupees, down 0.69% at 2:22 p.m. Friday. EPFO’s network of empanelled banks rose to 32 from April 2025.
May 8, 2026
Titan Q4 Results: Profit Jumps 35%, But Costs Steal The Show
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Titan Q4 Results: Profit Jumps 35%, But Costs Steal The Show

Titan reported a 35% rise in March-quarter profit to ₹1,179 crore, missing analyst estimates, as costs and gold-price swings weighed on results. Total income jumped 46% to ₹20,300 crore, led by 50% growth in jewellery sales. The board recommended a ₹15 dividend per share. Titan shares climbed 6.3% in afternoon trade after the earnings release.
May 8, 2026
IAG Profit Warning: British Airways Owner’s €9 Billion Fuel Bill Puts 2026 Outlook Under Pressure
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IAG Profit Warning: British Airways Owner’s €9 Billion Fuel Bill Puts 2026 Outlook Under Pressure

International Consolidated Airlines Group cut its 2026 profit, cash flow, and capacity forecasts, citing higher jet fuel costs linked to Middle East conflict. Shares fell 4.1% in early London trading. IAG now expects a €9 billion annual fuel bill and says free cash flow will miss its earlier €3 billion target. Revenue rose 1.9% to €7.18 billion in the first quarter, with operating profit up 77%.
May 8, 2026
HSBC Holdings Plc Wins Saudi Debt Role as $400 Million Credit Hit Shadows AGM
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HSBC Holdings Plc Wins Saudi Debt Role as $400 Million Credit Hit Shadows AGM

HSBC Holdings Plc has been named a primary dealer in Saudi Arabia’s local government debt market, the Ministry of Finance said Thursday. The move gives HSBC direct access to channel investor orders for riyal-denominated debt. Saudi sovereign debt stood at 1.519 trillion riyals at the end of 2025, with foreign ownership of riyal sukuk rising to 12.8% by September. HSBC shareholders meet for the bank’s annual general meeting in London on Friday.
May 8, 2026
SBI Q4 Results Today: Treasury Pain, Dividend Watch and $2 Billion Funding Plan Could Move the Stock
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SBI Q4 Results Today: Treasury Pain, Dividend Watch and $2 Billion Funding Plan Could Move the Stock

State Bank of India will report March-quarter earnings Friday, with analysts projecting net profit between ₹16,474 crore and ₹20,116 crore, amid weaker treasury income and higher funding costs. SBI shares fell 1.3% by 13:30 IST Thursday. The board may also consider a FY26 dividend. An executive committee meeting on May 12 will weigh raising up to $2 billion via long-term bonds, according to an exchange filing.
May 8, 2026
Unilever PLC Stock Faces Fresh Test as €1.5 Billion Buyback Starts During McCormick Break-Up
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Unilever PLC Stock Faces Fresh Test as €1.5 Billion Buyback Starts During McCormick Break-Up

Unilever bought about 3.3 million shares between April 30 and May 1 as part of its €1.5 billion buyback, holding them in treasury, according to a May 6 filing. The move comes as Unilever prepares to spin off its food unit in a $44.8 billion merger with McCormick, leaving a company focused on beauty and home care. First-quarter underlying sales rose 3.8%, but turnover fell 3.3% to €12.6 billion due to currency effects.
May 8, 2026
AusNet’s Compulsory Land Bid Puts Farmers On Collision Course With Victoria’s Western Renewables Link
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AusNet’s Compulsory Land Bid Puts Farmers On Collision Course With Victoria’s Western Renewables Link

AusNet has asked the Victorian government for powers to compulsorily acquire land easements for the Western Renewables Link, escalating tensions with farmers. The request follows a March law change allowing such applications during the ongoing Environment Effects Statement process. Farm groups and local councils have condemned the move, saying it undermines voluntary negotiations. The Victorian Coalition pledged to pause the project if elected in November.
May 8, 2026
Samsung Galaxy S25 Edge Price Cut: Flipkart Deal Drops Flagship To ₹65,074
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Samsung Galaxy S25 Edge Price Cut: Flipkart Deal Drops Flagship To ₹65,074

Flipkart is listing the Samsung Galaxy S25 Edge 12GB/256GB at ₹68,999, down from its May 2025 India launch price of ₹1,09,999. The lowest effective price with offers is ₹65,074. The discount comes as India’s smartphone shipments fell 2% year-on-year in Q1 2026, with CMR projecting a 10%–12% drop for the year. Flipkart’s Sasa Lele sale starts May 9, with early access for Black members on May 8.
May 8, 2026
IEA’s 2030 LNG Warning Is Pushing NextDecade to Charter More Ships
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IEA’s 2030 LNG Warning Is Pushing NextDecade to Charter More Ships

The IEA said the Iran war has removed about 120 billion cubic metres of global LNG supply from 2026-2030. NextDecade plans to charter more LNG carriers for its Rio Grande project as shipping risks rise and long-term contracts return. European Union gas storage is 30% below its five-year average. NextDecade expects first LNG from Rio Grande in early 2027.
May 8, 2026
Star Alliance’s New Guangzhou Lounge Arrives as Terminal 3 Takes Over Baiyun Airport
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Star Alliance’s New Guangzhou Lounge Arrives as Terminal 3 Takes Over Baiyun Airport

Star Alliance has opened a 24-hour lounge in Guangzhou Baiyun Airport’s new Terminal 3, replacing its previous facility as the airport shifts all airlines from Terminal 1. The 1,400-square-metre lounge seats 245, features a large outdoor garden, and is open to premium and elite Star Alliance passengers. Ten Star carriers operate about 1,500 weekly departures from Guangzhou. Terminal 1 parking and rail links are closing.
May 8, 2026
Pentagon’s $500 Million Scale AI Deal Puts Big Tech’s War Work Back in the Spotlight
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Pentagon’s $500 Million Scale AI Deal Puts Big Tech’s War Work Back in the Spotlight

The Pentagon has raised Scale AI’s contract ceiling to $500 million, expanding the startup’s role in military data sorting and decision support. The agreement, five times larger than the previous $100 million award, covers computer vision and generative AI tools. Scale’s systems will operate on both classified and unclassified networks. The move follows new classified-network deals with Google, OpenAI, and Microsoft.
May 7, 2026
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