North America:

  • Santander aims to expand U.S. operations by partnering with Verizon.
  • Toronto has cut financial incentives for Teslas amid trade tensions with the US.
  • Alphabet is acquiring cybersecurity firm Wiz for $32 billion to enhance its cloud-computing capabilities.
  • Amazon.com faces increased competition from Alphabet's acquisition of Wiz.
  • Microsoft is a competitor in the cloud-computing sector facing Alphabet's strategic expansion.
  • Tesla Inc has increased the price of its Model Y in China.
  • Meta faces challenges including FTC legal actions and accusations of content suppression.
  • Wells Fargo & Co. has been cleared by the OCC from a 2021 consent order related to mortgage lending practices.
  • Lockheed Martin's planned sale of 88 F-35 fighter jets to Canada is under review.
  • Costco is pressuring Chinese suppliers to reduce prices due to U.S. tariffs.
  • Walgreens Boots Alliance shareholder Stefano Pessina is set to increase his ownership to around 30%.
  • Chevron's license expiration leads to PDVSA continuing heavy oil production in Venezuela.

Europe:

  • Volkswagen's commercial vehicles division raises its profit target to 6.5% by 2029.
  • Audi plans to cut 7,500 jobs by 2029 to boost competitiveness.
  • UBS faces stringent financial regulations despite lobbying efforts.
  • Fraport reports record profit with forecasts of flat to slightly positive performance through 2025.
  • Frasers Group plans a mandatory offer for all remaining shares of XXL ASA.
  • Brembo reports a decline in net income and forecasts a 5% revenue slowdown in 2025.
  • Peugeot Invest SA sold 4.25 million shares of SPIE for 164.9 million euros.
  • Springer Nature anticipates higher revenue and profit by 2025 despite a recent stock price drop.
  • Airbus' CEO met with China's Commerce Minister to discuss increased investment.

Rest of the world:

  • BYD plans to select a location for its third European plant within 7-8 months.
  • NIO and CATL partner to develop a battery-swapping network in China.
  • Tencent launched open-source 3D generation tools to challenge US AI dominance.
  • Tencent Music Entertainment consistently surpassed quarterly revenue estimates.
  • Air IndiaCEO predicts a global aircraft shortage lasting four to five years.
  • Allianz agreed to sell its 26% stake in Indian insurance joint ventures to Bajaj Group for $2.8 billion.