U.S.-based employers cut more than 150,000 jobs in October, marking the biggest reduction for the month in more than 20 years, a report by Challenger, Gray & Christmas said on Thursday as industries adopt AI-driven changes and intensify cost cuts. ...

Dutch technology investment group Prosus has expressed early-stage interest in potentially bidding for Mobile.de as the owners prepare to sell shares in the German online auto marketplace group, accor... ...

Core Insights - U.S. oil giant ExxonMobil has entered into a partnership with Energean and Helleniq Energy to explore for natural gas offshore Greece [1] Group 1 - The collaboration aims to enhance natural gas exploration efforts in the region [1] - This deal signifies ExxonMobil's continued expansion into European energy markets [1] - The partnership reflects a growing interest in offshore energy resources amid rising global energy demands [1]

Core Viewpoint - Portugal's largest utility, EDP, plans to invest €12 billion ($13.99 billion) from 2026 to 2028, primarily to expand its renewable energy capacity, with a significant focus on the United States [1] Investment Plans - EDP's investment strategy emphasizes the expansion of renewable energy sources [1] - The planned investment period is set between 2026 and 2028 [1] - The total investment amount is €12 billion, equivalent to $13.99 billion [1] Geographic Focus - The company is particularly targeting the United States for its renewable capacity expansion [1]

Germany's Commerzbank , fending off a possible takeover by Italy's UniCredit , reported an unexpected 7.9% drop in third-quarter net profit on Thursday as higher tax rates and costs weighed on earning... ...

Core Insights - A gauge of British bank stocks experienced an increase in stable markets following a report that Chancellor Rachel Reeves would exempt them from a significant budget tax increase [1] Group 1 - The Financial Times reported on the Chancellor's decision regarding British bank stocks [1] - The market reaction was positive, indicating investor confidence in the banking sector due to the tax exemption news [1]

Oil major ExxonMobil , Energean and Helleniq Energy on Thursday signed a farm-in agreement for 60% in a block in Western Greece, Energean's Chief Executive Mathios Rigas said. ...

Google plans to build a large artificial intelligence data centre on Australia's remote Indian Ocean outpost of Christmas Island after signing a cloud deal with the Department of Defence earlier this ... ...

Core Insights - Nissan Motor reported a 61% increase in second-quarter operating profit compared to the previous year, indicating successful cost reduction efforts as part of its turnaround strategy [1] Financial Performance - The company achieved a significant rise in operating profit, which helped it avoid a loss during the quarter [1]

Core Insights - German utility Uniper has implemented a hedging strategy by selling significant amounts of its future hydropower and nuclear output [1] Company Summary - Uniper has engaged in the sale of its future hydropower and nuclear production as part of a broader risk management approach [1]