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(Reuters) -STMicroelectronics’ Chief Executive Jean-Marc Chery said he expects 2026 to start at usual levels, noting that a weaker recovery than expected this year will not lead to the accumulation of inventory at its customers. Speaking at a Morgan Stanley conference, Chery projected first-quarter revenue to decline 10% to 11% from the upcoming fourth quarter …

STMicroelectronics CEO sees first-quarter revenue at usual levels Read More »

By Bernadette Hogg (Reuters) -Voestalpine expects no improvement in the challenging economic conditions in the coming months, the Austrian steelmaker said on Wednesday after it reported a decline in half-year revenue. The company, which makes speciality steels used by the auto industry, said it would continue to implement reorganization measures, including job cuts at two …

Voestalpine leans on restructuring measures as it sees no economic relief Read More »

By Rene Wagner and Miranda Murray BERLIN (Reuters) -Germany’s export business, struggling under high U.S. tariffs and a slump in China, got a welcome shot in the arm from trade with Eastern Europe in the first nine months of this year, Germany’s eastern business association said on Wednesday. Exports to 29 countries in Central and …

German exports get welcome boost from Eastern Europe, says business group Read More »

By Samuel Indyk LONDON (Reuters) -The British pound fell for a second day on Wednesday after soft labour market data the day before and reports in British newspapers that Prime Minister Keir Starmer was on alert for an attempted plot to oust him. Several British media outlets on Wednesday cited allies of Starmer saying the …

Pound dips as possible Starmer leadership plot sparks uncertainty Read More »

By Kate Abnett BRUSSELS (Reuters) -European Union countries have agreed to start talks with the UK to link the two sides’ carbon markets, a spokesperson for Denmark’s EU presidency said on Wednesday, in a move billed as part of a reset in relations following Britain’s exit from the bloc. By linking their carbon markets, the …

EU countries ready to negotiate UK carbon market link Read More »

By Supantha Mukherjee COPENHAGEN (Reuters) -Microsoft on Wednesday said it is expanding its quantum facility just outside the Danish capital Copenhagen, by building its second lab in the Nordic country and its largest quantum site globally. Quantum computing has the potential to revolutionise industries by solving problems that are practically impossible for today’s computers. Its …

Microsoft expands Danish quantum facility with second lab Read More »

By Francesca Landini and Giancarlo Navach MILAN (Reuters) -Italian multi-utility A2A said on Wednesday it had raised its total projected investments for 2024-2035 to 23 billion euros ($27 billion), with 1.6 billion euros earmarked for creating and managing data centres. The updated business plan to be presented to analysts later increases projected investment by 1 …

Italy’s A2A lifts investment plan to $27 billion on data centre demand Read More »