By Karol Badohal WARSAW (Reuters) -Poland could see a third major credit agency, S&P, lower its outlook on Polish debt to “negative” on Friday, in what economists say is a sign of mounting concern that Warsaw’s centrist government has no plan to fix its faltering finances. Poland’s credit ratings have risen steadily – with only …
Third credit rating outlook cut looms for Poland Read More »
STOCKHOLM (Reuters) -U.S. AI startup Anthropic said on Friday it was planning to expand its operations across Europe, and open offices in the French capital Paris and Munich in Germany. The move comes on the heels of a large-scale global expansion by Anthropic to triple its international workforce to meet a rise in demand for …
AI startup Anthropic expands in Europe with offices in Paris, Munich Read More »
(Reuters) -European stainless steel producer Aperam reported weaker than expected core earnings for the third quarter on Friday, weighed down by lower volumes and growing price pressure on its home continent. Adjusted earnings before interest, taxes, depreciation and amortization fell around 25% from a year earlier to 74 million euros ($86 million), while analysts polled …
Aperam lags earnings estimates as steel prices decline in Europe Read More »
(Reuters) -Unipol said on Friday its consolidated nine-month net profit including contributions from its investment in BPER rose 48% year-on-year to 1.24 billion euros ($1.45 billion), reaping the benefit of the lender’s takeover of Pop Sondrio. The Italian financial group reported net profit of 961 million euros from its core insurance activity, while direct insurance …
Italy’s Unipol nine-month net profit rises 48% after BPER-Pop Sondrio tie-up Read More »
(Reuters) -German defence electronics group Hensoldt on Friday reported a sharp rise in orders in the first nine months of 2025, as demand for sensors and optronics rose. Order intake rose 8.7% year-on-year to 2.02 billion euros ($2.36 billion) during the period. The company’s order backlog hit a record 7.1 billion euros, which it said …
Hensoldt orders rise on increased demand for sensors, optronics Read More »
By Sayantani Ghosh SAN FRANCISCO (Reuters) -CEO Elon Musk on Thursday said Tesla probably will have to build “a gigantic chip fab” to make artificial intelligence chips and publicly mused the EV maker could work with Intel. Tesla is designing its fifth-generation AI chip to power its autonomous ambitions, and Musk at the company’s annual meeting …
Musk plans Tesla mega AI chip fab, mulls potential Intel partnership Read More »
(Reuters) -Australia’s Alliance Nickel said on Friday carmaker Stellantis will terminate their supply deal for battery-grade nickel and cobalt from the NiWest project, effective December 3, citing missed milestone deadlines. The company attributed the delays to challenging conditions in the global nickel market, which have limited opportunities to secure financing. Alliance is the latest Australian …
Carmaker Stellantis pulls plug on supply deal with Australia’s Alliance Nickel Read More »
(Reuters) -Online travel platform Expedia boosted its forecast for 2025 revenue growth, after beating Wall Street estimates for third-quarter profit, helped by strong demand from its business clients, sending its shares up nearly 15% after the bell. The Seattle-based company now expects annual revenue to grow between 6% and 7%, compared to an earlier forecast …
Expedia raises 2025 revenue growth forecast on strong US business Read More »
LONDON (Reuters) -British finance minister Rachel Reeves has told the country’s budget watchdog that a rise in personal taxation is among the “major measures” she is preparing to announce in her budget, The Times reported on Thursday, confirming previous reports. Reeves is expected to raise tens of billions of pounds in taxes in her November …
Reeves plans income tax rise in UK budget, The Times reports Read More »
AMSTERDAM (Reuters) -The Netherlands’ economy minister, Vincent Karremans, said on Thursday he trusts computer chips made by Dutch chipmaker Nexperia will reach customers in Europe and the rest of the world in the coming days. A shortage of Nexperia chips following a dispute with China over ownership and control of the company has disrupted auto …
Dutch official says he trusts Nexperia chips will reach world in coming days Read More »
