Air taxi firm Lilium’s shares plunge 61% after company says main subsidiaries will file for insolvency
Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.
Britain announces major change to fiscal rules to free up billions in spending
U.K. Finance Minister Rachel Reeves on Thursday confirmed she intends to change the country’s fiscal rules in the October budget.
Another European Central Bank member says a jumbo cut is on the table
The ECB’s Mārtiņš Kazāks joined his colleague Mario Centeno in saying a 50-basis-point rate cut should be on the table at the central bank’s December meeting.
Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft
As Chinese smartphone company Oppo gears up for a flagship phone launch overseas, it says it has weekly AI talks with Google and Microsoft senior management.
Nvidia doubles down on India with Hindi language model and major partnerships
Nvidia on Thursday announced a slew of partnerships with major Indian firms and launched a Hindi language model.
Why is the Japanese yen hovering near three-month lows against the dollar
The yen hit a low of 153.18 against the greenback, its weakest since July 31.
Why the Japanese yen is hovering near three-month lows against the dollar
The yen hit a low of 153.18 against the greenback, its weakest since July 31.
European stocks open higher as investors digest latest slew of earnings; Hermes rises 1.8%
European stocks opened slightly higher on Thursday, as traders digested another batch of earnings reports.
European markets close marginally higher; Renault, Barclays shares rise after posting quarterly results
European stocks closed slightly higher on Thursday, as investors digested another batch of earnings reports.
Barclays shares hit nine-year high after third quarter profit jumps 23%, beating expectations
British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.
