Business
Lilium was once a promising ‘air taxi’ startup worth billions. Now it’s on the brink of insolvency
German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state ...
Baird downgrades McDonald’s after E. coli outbreak
It’s time to move to the sidelines on shares of McDonald’s as the company grapples with an E. coli outbreak ...
The Fortune 500 Europe
Many of the companies topping the list today face an existential crisis. Read More
McDonald’s and Starbucks shares tumble while stimulus proposal gives China markets reason for optimism
Japan’s shares dropped and China’s floated higher on a day where both countries saw blockbuster IPOs, while investors punished Starbucks, ...
US urges Israel to end war as IDF attacks Gaza and Lebanon
Antony Blinken pursues mission to de-escalate conflict across the Middle East
Denny’s plans to close 150 locations by the end of 2025: ‘We have a lot of restaurants that have been out there for a very long time’
Denny’s says it’s closing 150 of its lowest-performing restaurants in an effort to turn around the brand’s flagging sales. Read ...
Peloton is going to sell its deluxe stationary bikes at Costco to reach holiday shoppers this Christmas
The model will sell in Costco stores for $1,999. That’s about $500 cheaper than buying a new bike directly through ...
Qualcomm shares fall 5% after report of Arm threat to scrap key license in escalating dispute
Qualcomm shares fell in premarket trade after Bloomberg reported that British chip designer Arm is looking to scrap a key ...
A Trump victory would end ‘normal’ politics between UK and US
Keir Starmer defends Labour activists helping Kamala Harris but if former US president wins, such activity could become diplomatic liability
WPP returns to sales growth but warns over economic uncertainty
Advertising agency’s revenues rise in US and Europe but fall more than a fifth in China
Tokyo Metro is not offering a high-speed ride
With longer-run growth prospects limited, investors should not count on a long-term rally
Brian Niccol’s first big call as Starbucks CEO is junking next year’s target amid plunging store traffic
The Seattle coffee giant on Tuesday reported weaker-than-expected sales in its fiscal fourth quarter. Read More
Germany’s biggest lender reports a 42% jump in quarterly profits after major restructuring takes effect
Germany’s biggest lender Deutsche Bank on Wednesday reported a sharp jump in third-quarter profits. Read More
Tokyo Metro rises 45% on debut in Japan’s biggest IPO since 2018
Capital’s underground railway network has raised $2.3bn in heavily oversubscribed listing
Lloyds beats earnings forecasts as lending rises
Mortgage book grows as customers take advantage of fall in interest rates
Volvo slashes sales guidance as it warns industry remains ‘under pressure’
Swedish group warns of softening demand in key markets despite robust third-quarter results
Elon Musk’s xAI cofounder calls out cheating interviewee—and now employers are outing the AI tools being abused by savvy job seekers
Instead of stumbling through tough interview questions, hopeful new hires are sneakily typing them into AI and then reading responses ...
Deutsche Bank to resume buybacks after record third-quarter profit
Investment bank revenues rise 11% on strong fixed-income trading
Trump campaign accuses UK’s Labour Party of election ‘interference’
Donald Trump’s campaign has accused British Prime Minister Keir Starmer’s Labour Party of “blatant foreign interference” in the U.S. presidential ...
Who are you calling lazy? Gen Z are more than twice as likely as boomers to work through their lunch break
Unlike boomers, Gen Z is flooded with guilt when they step away from their desks. Read More
Mike Jeffries was responsible for Abercrombie’s explosive popularity in the early aughts—and its hypersexualized marketing approach
An official indictment has been a long time coming for the embattled ex-CEO. Read More
It’s not Gen Z this time. Gen Xers are working the most gigs to stave off financial insecurity
Gen X turns to multiple jobs while carrying a sizable debt and providing for other generations. Read More
UK ministers explore using break clauses in asylum housing contracts
Home Office aims to revise terms or terminate after being ‘shocked’ by private companies’ profits
Deutsche Bank swings back to profit in the third quarter, beating expectations
The partial release of 440 million euros of litigation provisions in the third quarter helped boost profit, Deutsche Bank said.
China and Russia’s ‘profound’ ties won’t change despite geopolitical turbulence, Xi tells Putin
Putin called the partnership “one of the main stabilizing factors in the international arena.”
Tokyo Metro shares jump as high as 47% after Japan’s biggest IPO since 2018
Perks for buying more than 200 shares included tickets to the Tokyo Metro museum and free tempura toppings at its ...
Arm cancels Qualcomm’s chip design licence amid legal dispute
The SoftBank-backed company is battling the US semiconductor maker over royalty payments
France tightens its belt despite risk to growth
Michel Barnier’s new government walks tightrope between tax rises and spending cuts
