The negative court ruling on German finances last week could cost Intel billions of euros in subsidies for planned chip-making plants in the state of Saxony-Anhalt, the state economy minister was quoted as saying by magazine WirtschaftsWoche.
Italy’s Enel will focus its investments on power grids in the next three years and take a more cautious approach to spending on renewable energy projects, its new chief executive said on Wednesday.
The head of China’s civil aviation regulator, Song Zhiyong, met with the U.S. Ambassador in Beijing Nicholas Burns, and exchanged views on pushing for a substantial increase in flights between the two countries, the regulator said on Wednesday.
Italy’s Fininvest is naming two new directors, as the Berlusconi family’s holding company reshuffles its board based on accords among the five heirs of late media mogul Silvio Berlusconi over the future of his business empire.
Senior Cuban officials have provided an increasingly dire snapshot of a deepening economic crisis in a series of televised prime-time appearances, revealing the extent of the downturn in unprecedented detail.
Farm equipment maker Deere & Co forecast 2024 profit below analysts’ expectations on Wednesday as high borrowing costs and squeezed budgets dented demand for its products.
The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers, who see fiscal and monetary policies, next year’s presidential election and recession fears as likely to start weighing on markets.
German Chancellor Olaf Scholz’s government looks set to delay talks on next year’s budget as it struggles to find a way out of a deepening crisis caused by a court ruling that has forced a freeze on new spending pledges.
Futures tracking the S&P 500 and the Nasdaq edged higher on Wednesday as shares of chip designer Nvidia rose following third-quarter results, while uncertainty about potential rate cuts kept further gains in check.
