European stocks close higher ahead of Fed decision; UK GDP growth boosts sentiment
European markets closed higher Wednesday as investors look ahead to a widely expected announcement of a pause in rate hikes from the Federal Reserve.
Sonos lays off 7%, or about 130 employees
Sonos expects to incur up to $14 million in restructuring costs in the third quarter.
EU lawmakers pass landmark artificial intelligence regulation
The European Union’s AI Act is the first comprehensive set of regulations for the artificial intelligence industry.
Turkey’s Erdogan says he agrees to monetary policy turnaround under new Finance Minister Simsek
Turkish President Recep Tayyip Erdogan appeared to make a crucial shift Wednesday regarding the future of his inflation-ridden country’s monetary policy.
France wants Elon Musk to build Tesla factory in the country even as it threatens Twitter with a ban
France is trying to convince Elon Musk to build Tesla’s next Gigafactory in the country, the nation’s digital minister told CNBC on Wednesday.
Shell boosts dividend by 15%, maintains oil output through to 2030
“We will invest in the models that work – those with the highest returns that play to our strengths,” Shell CEO Wael Sawan said in a statement.
EU charges Google with anti-competitive practices in ad tech business
The European Union on Wednesday charged Google with breaching antitrust rules in advertising technology, known as adtech.
Vodafone, CK Hutchison agree UK mobile business merger
Talks have been ongoing since last year.
European Central Bank set to inch closer to the end of its hiking cycle as inflation slows
Recent inflation data shows that price dynamics are abating but consumer price rises are still far too high.
Global oil demand to peak before the end of the decade as energy transition gathers pace, IEA says
Global oil demand is poised to peak before the end of this decade, according to IEA chief Fatih Birol.
