Meloni Braces for Italy’s Reckoning in Rating-Review Cascade
With the curtain falling on Italy’s budget show for 2024, it’s time to read the reviews.
UK Urged to Snub Hydrogen and Focus on Heat Pumps for Homes
The UK should focus on expanding heat pumps and rule out using hydrogen to warm homes as it drives toward net-zero emissions, the government’s top infrastructure advisers say.
European Stocks Muted on Disappointing Results From ABB, ASML
European stocks edged lower on Wednesday, weighed down by disappointing results from ASML Holding NV and Swiss industrial conglomerate ABB Ltd., and as traders assessed escalating tensions in the Middle East.
Biden Seeks to Salvage Israel Trip After Gaza Hospital Blast
President Joe Biden arrived Wednesday in Tel Aviv, seeking to reinforce the US commitment to Israel and prevent its war with Hamas from spreading and plunging the Middle East into chaos.
Hospital Blast Kills Hundreds as Israel, Hamas Trade Blame
A massive bombing at a Gaza City hospital killed hundreds of people and led to Israel and Hamas trading blame for the attack, which happened ahead of US President Joe Biden’s trip to Tel Aviv on Wednesday.
Hedge Fund Elliott Asks Court to Audit Deutsche Wohnen Over Vonovia Loan
Elliott Investment Management wants a Berlin court to order a special audit into Deutsche Wohnen SE over a large loan the German landlord made to its controlling shareholder, people with knowledge of the matter said.
Gulf IPOs Are Booming But Follow-Ons Are Still Hard to Do
Follow-on share sales have yet to gain traction in the Persian Gulf even as the region has stood out as a rare pocket of activity for initial public offerings for much of the past two years.
Ukraine Recap: Russian Missiles Strike Zaporizhzhia, Dnipro
Emergency rescue efforts are continuing after Russian missiles struck a residential building in the southeastern city of Zaporizhzhia overnight, destroying eight apartments, Ukrainian President Volodymyr Zelenskiy said in a post on X.
Belgian Biotech Firm UCB Gets US FDA Approval for Psoriasis Drug in Boost for Sales
UCB SA won Food and Drug Administration approval for its psoriasis drug, although risks flagged by the regulator prompted shares to reverse initial gains.
China Says ‘Positive Outcomes’ on Australia Wine Levies Are Near
China signaled possible progress on resolving a dispute with Australia on punitive wine tariffs as relations between the trading partners continues to thaw. Penfolds-maker Treasury Wine Estates Ltd. surged.