Finnish telecom equipment maker Nokia will create two new teams to enhance its technological innovation abilities and better facilitate its business growth. One group will concentrate on artificial intelligence and related technologies, while the other will act as a corporate development entity....

A group of purchasers spearheaded by Abu Dhabi National Oil Co. (ADNOC) has pulled its $18.7 billion offer for Australian gas firm Santos following several months of investigation. In June, the consortium, consisting of XRG (a division of Adnoc), Abu Dhabi Development Holding Co. (ADQ), and...

Deutsche Lufthansa aims to raise its ownership in ITA Airways (previously Alitalia) to 90% by June 2026 and is in talks with the Italian Ministry of Economy, reports Corriere della Sera, citing sources. A conclusive decision is anticipated in April or May 2026. The newspaper reports that...

Tesla’s board has tied an unprecedented potential payout for CEO Elon Musk to a set of operational and market milestones that together imply an $8.5 trillion company — a leap from the firm’s current market value by an order of magnitude. The package, structured around a dozen performance gates over...

PNC Financial Services Group is acquiring competitor FirstBank Holding Co., which encompasses its FirstBank banking division, for $4.1 billion. In a joint press statement from the firms, PNC will finance the transaction through cash and stock, allowing FirstBank shareholders the choice of their...

Porsche AG shares will not be included in the computation of Germany's primary DAX index, which consists of the 40 largest German firms by market value. Porsche, predominantly owned by Volkswagen, entered the DAX in December 2022 soon after its IPO. Since the start of the year, the firm's market...

The French regulatory body CNIL has imposed a historic fine of €475 million on Google (a subsidiary of Alphabet Inc.) and the online fashion retailer Shein for breaching users' privacy rights. The agency announced that Google has been fined €325 million and Shein €150 million. As stated by CNIL,...

The British-Dutch oil and gas firm Shell has ultimately scrapped its intentions to construct a biofuels facility in Rotterdam. The firm stated it has chosen to “focus on assigning capital to initiatives that most effectively address our customers' needs and generate value for our shareholders.”...

European corporations are facing a sharper backlash from investors over executive pay this year, with a notable increase in votes against both past remuneration reports and — for the first time at scale — binding future pay policies. The shift reflects growing investor impatience with rapid...