The Swiss National Bank decided to keep its interest rate at 0% last month after it concluded the Swiss economic outlook and future inflation meant there was no need to go into negative territory, according to minutes published on Thursday. ...

Core Points - Tesla is recalling 63,619 Cybertruck vehicles in the U.S. due to an issue with parking lights that are too bright, which can reduce visibility for oncoming drivers and increase the risk of a crash [1] Group 1 - The recall affects a total of 63,619 Cybertruck vehicles [1] - The issue identified is related to parking lights that may impair visibility for other drivers [1] - The recall is initiated by the U.S. National Highway Traffic Safety Administration (NHTSA) [1]

Core Point - Japan's largest labor union group is targeting wage hikes of 5% or more in 2026, marking the fourth consecutive year of significant pay raises to combat inflation despite challenges from U.S. tariffs [1] Group 1 - The labor union's proposal aims to address ongoing inflationary pressures [1] - This initiative reflects a broader trend of increasing wage demands in Japan's labor market [1] - The push for higher wages comes amid external economic challenges, particularly from U.S. tariffs [1]

Core Viewpoint - UBS indicates that new U.S. and EU sanctions on Russian energy firms may cause short-term volatility in crude prices, but a sustained price rally is unlikely due to global oil market oversupply [1] Group 1 - The sanctions are expected to introduce short-term volatility to crude prices [1] - UBS believes that the oversupply in the global oil market will prevent a sustained rally in crude prices [1]

MTU Aero Engines reported a third-quarter adjusted operating profit that beat market expectations on Thursday, as revenue growth in its commercial engine business and commercial maintenance helped cushion the impact of U.S. tariffs. ...

Core Insights - Swedish telecom operator Telia reported third-quarter core earnings slightly above market expectations [1] - The growth was driven by profitable service revenue growth and lower operational expenses across most of its markets [1] Financial Performance - Core earnings exceeded market expectations, indicating strong financial performance in the third quarter [1] - The increase in service revenue contributed significantly to the overall earnings growth [1] - Operational expenses were reduced across most markets, enhancing profitability [1]

Core Insights - Tesla's shares experienced a nearly 4% decline in early Frankfurt trading due to quarterly profit falling short of Wall Street expectations [1] Financial Performance - The company's quarterly profit was impacted by increased tariff and research costs, leading to a drop in income [1]

Core Insights - Lloyds Banking Group reported a 36% decline in third quarter profit due to an 800 million pound charge related to the motor-finance mis-selling scandal [1] Financial Performance - The company's third quarter profit fell significantly by 36% [1] - The decline in profit was primarily attributed to a previously announced charge of 800 million pounds [1]

Core Insights - Unilever's third-quarter underlying sales growth exceeded market expectations, primarily fueled by strong performance in beauty products across North America and emerging markets [1] Company Performance - The growth in underlying sales was particularly notable in the beauty segment, indicating a robust demand for Unilever's beauty products [1] - The performance in emerging markets contributed significantly to the overall sales growth, showcasing the company's effective market penetration strategies [1] Market Context - The results reflect a positive trend in consumer spending on beauty products, which may indicate a broader recovery in the market [1] - Unilever's ability to outperform market expectations suggests a competitive advantage in the beauty sector, particularly in key regions [1]

Finland's Nokia reported third-quarter profit well ahead of expectations on Thursday, helped by strong optical and cloud demand, including sales to AI-driven data centers after its Infinera acquisitio... ...