Core Point - Toyota is recalling 591,377 vehicles in the U.S. due to an issue with the instrument panel display that fails to show critical information, which increases the risk of a crash or injury [1] Group 1 - The recall affects a significant number of vehicles, totaling 591,377 in the U.S. market [1] - The issue is related to the instrument panel display, which does not provide essential information to the driver [1] - This malfunction poses a heightened risk of accidents or injuries, emphasizing the importance of vehicle safety features [1]

Alberto Nagel is poised to step down as chief executive of the Italian merchant bank Mediobanca on Thursday, after state-backed lender Banca Monte dei Paschi secured a majority stake, ending his 17-year tenure. ...

The world's top chocolatier Barry Callebaut must reduce its debt and is working to achieve this, CEO Peter Feld was quoted as saying in an interview published on Thursday. ...

Core Insights - SoftBank's joint venture with OpenAI to provide AI services to corporate clients in Japan is significantly delayed [1] Group 1 - The joint venture aims to deliver artificial intelligence solutions to businesses in Japan [1] - The project is reportedly behind schedule, indicating potential challenges in execution [1]

Core Viewpoint - The proposed merger between Anglo American and Teck Resources aims to enhance infrastructure sharing at two significant mines in northern Chile, but analysts indicate potential challenges in securing stakeholder approval [1] Company Summary - The merger proposal reflects Anglo American's and Teck's long-standing ambitions to collaborate on infrastructure at their respective mining operations in northern Chile [1] - Analysts express skepticism regarding the feasibility of the merger, highlighting potential hurdles in gaining necessary buy-in from stakeholders [1] Industry Summary - The mining industry in northern Chile is characterized by significant infrastructure needs, and the proposed merger could reshape operational efficiencies if successful [1] - The merger could set a precedent for future collaborations in the mining sector, particularly in regions with shared resources [1]

Roche said on Thursday it agreed to acquire U.S. biotech firm 89bio ETNB.O for up to $3.5 billion to strengthen its development pipeline on liver and cardiometabolic disease treatments. ...

China is dropping an antitrust probe into Google, as Beijing and Washington step up trade negotiations over TikTok and Nvidia at a time of heightened tensions between the two countries, the Financial ... ...

Core Viewpoint - Panasonic is working on developing a new type of higher-capacity battery within approximately two years, which could significantly enhance the driving range of electric vehicles, marking a major advancement for the company as a supplier to Tesla [1] Company Summary - Panasonic aims to innovate in battery technology by creating a higher-capacity battery [1] - The development timeline for this new battery is set at around two years [1] Industry Summary - The advancement in battery technology is expected to have a substantial impact on the electric vehicle market, particularly in extending driving ranges [1] - As a key supplier to Tesla, Panasonic's innovations could influence competitive dynamics within the electric vehicle industry [1]

Group 1 - Burberry is focusing on a turnaround strategy that emphasizes its British heritage and classic trench coats [1] - The company has enlisted high-profile figures such as Oscar winner Olivia Colman and Oasis frontman Liam Gallagher to promote its brand [1] - A significant test for this strategy will occur when Burberry unveils its latest designs at London Fashion Week [1]

Group 1 - South Korea's competition regulator has conditionally approved a joint venture between Alibaba International's AliExpress Korea and a unit of local company Shinsegae [1] - The approval comes with concerns over potential market dominance and competition issues [1] - The joint venture aims to enhance e-commerce offerings in South Korea [1]