The European Commission approved a long-awaited deal for Lufthansa to take a 41% stake in Italy’s ITA Airways on Wednesday, in Europe’s latest major consolidation.
The first U.S. presidential debate saw President Joe Biden turning in a fitful performance, especially at the beginning, as he exchanged barbs with former President Trump on abortion, immigration, the wars in Ukraine and Gaza and even their golf games.
Germany’s Lufthansa won EU antitrust approval to buy 41% of Italy’s ITA Airways for 325 million euros ($350 million) on Wednesday after ceding routes and slots.
India has asked power companies to order equipment worth $33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian nation struggles to meet booming electricity demand, two government officials said.
Britain’s Vodafone and Virgin Media O2 have agreed to extend their network-sharing deal to the mid-2030s, including a spectrum shift that could help Vodafone to win regulatory approval for its tie-up with mobile operator Three.
Federal Reserve Bank of New York President John Williams said on Wednesday that the level of interest rates that’s neutral in its impact on the economy likely hasn’t risen much.
U.S. asset management firm Artisan Investments has raised its stake in Philips to 10%, sending the healthcare technology group’s shares rising on Wednesday, a week after the Dutch company’s biggest shareholder also increased its holding.
Southwest Airlines said on Wednesday it had adopted a poison pill after activist investor Elliott Investment Management pushed for changes at the carrier.
PricewaterhouseCoopers (PwC) has named in-house executive Daniel Li as its new China head, a move that comes as it faces investigations by financial regulators in mainland China and Hong Kong.
The U.S. auto safety regulator on Wednesday closed a recall query covering 420,072 Volkswagen vehicles after the automaker acted to fix a potential fuel leak.
