Siemens Energy AG’s wind turbine unit started an investigation into a broken blade on one of its turbines in Brazil, as the company faces scrutiny over flaws in certain machines that are set cost more than €1 billion ($1.1 billion) to fix.
From wrong-way calls on bonds to Big Tech and the economy, it’s been an awful year for conventional wisdom. So when almost four in five Wall Street pros tell you the stock market is too calm, the savviest thing to do is to bet it stays that way.
The European Central Bank will have to keep interest rates at restrictive levels for an extended period to get inflation under control, Governing Council member Joachim Nagel said.
Greece Prime Minister Kyriakos Mitsotakis said he aims to significantly cut the debt ratio by the end of his second term as he laid out plans to increase wages and pensions and cut taxes.
Mark Zuckerberg and Elon Musk’s promised cage match may never happen, but the battle between the social media companies they run is already heating up. This week, Meta Platforms Inc.’s Instagram officially introduced Threads, an app designed as a direct rival to Twitter.
Mexico’s central bankers remained cautious and avoided discussing a timeline for interest rate cuts at their last meeting, with a majority saying that it is too early to consider the start of an easing cycle even as inflation cools.
A massive luxury student housing complex in Texas is still showing signs of financial strain.
Romania said it will host a regional hub for the training of F-16 fighter jet pilots, which will also be available to the Ukrainian military.
London’s Gatwick Airport Ltd. is seeking planning permission to bring its second runway into full-time use, potentially raising capacity by tens of millions of passengers annually as air travel rebounds post-pandemic.
Emirates Telecommunications Group Co., known as e&, and France’s Orange SA are exploring bids for a 45% stake in Ethiopia’s state-controlled telecom operator, people with knowledge of the matter said.
