Four Co-Founders Set to Receive Between $2 Billion and $3 Billion Each The transaction represents an all-cash agreement valued at approximately $32 billion. Once regulatory authorities complete their approval process, each of the four co-founders stands to receive between $2 billion and $3 billion from the sale. The four co-founders are Assaf Rappaport, who serves … Read more
IT Threats Facing Business in 2026: Top Risks and Mitigation Strategies
Kristian Moller
Business technology systems face unprecedented pressure in 2026 as cyber threats grow more sophisticated and attackers exploit artificial intelligence to scale their operations. Global cybercrime losses are projected to reach $11.9 trillion annually, whilst organisations struggle to protect expanding digital infrastructures that span cloud platforms, remote workforces, and interconnected supply chains. The threats confronting businesses … Read more
Bulgaria’s Culture of Communication is Rooted in Wine
William Malcolm
BTA will present dozens of Bulgarian wineries in the New BG WINE Leads the Way series ahead of the 9th UN Global Conference on Wine Tourism, which will be hosted in Plovdiv. The forum is organized by the Ministry of Tourism in partnership with the UN World Tourism Organization. Wine is part of the culture … Read more
Czech Koruna rises towards highest in over two years versus euro
William Malcolm
Today, the Czech currency reached its strongest level against the euro in more than two years. As of 17:00, it had strengthened by four cents against the euro against the previous conclusion to 24,25 Kč/EUR. She was last on a lower course on September 5, 2023. The koruna also improved against the dollar today, by … Read more
PPF Group’s €73 Million Deal For The Diplomat Hotel Gets Antitrust Review
Evgeny Strzhalkovsky
The Office for the Protection of Competition (ÚOHS) has begun to assess the takeover of the Diplomat Hotel in Dejvice, Prague, by PPF Real Estate. The Antitrust Authority announced this on its website. The seller is the Thai company Rabbit Holdings. The investment group PPF, owned by Renáta Kellnerová with her daughters, will pay 73 … Read more
How Poland Became the Hottest New Destination for Czech Tourists
For generations, Czech holiday traditions were as predictable as clockwork. Pack the car, head south, and join the annual pilgrimage to Croatia’s sun-soaked Adriatic coastline—a ritual so entrenched that locals dubbed it their “Czech Riviera.” But something remarkable is happening to this century-old travel pattern. Czech holidaymakers are pivoting north, swapping Mediterranean warmth for Baltic … Read more
Europe Breaks Ground on Strategic Shift Away from Chinese Rare Earth Dominance
A sprawling industrial complex on France’s Atlantic coastline has emerged as a critical piece in Europe’s ambitious plan to reshape global supply chains for the materials that power modern technology. Solvay’s rare earth processing facility in La Rochelle represents nearly eight decades of expertise in handling the 17 specialized metals essential to everything from smartphone … Read more