Core Viewpoint - The Swiss National Bank is in favor of the banking regulation measures proposed for UBS by the Federal Council in June [1] Group 1 - The Vice Chairman of the Swiss National Bank, Antoine Martin, expressed continued support for the proposed banking regulation measures [1]

Core Insights - Prada is launching a limited-edition collection of sandals in India, drawing inspiration from traditional Indian footwear [1] - Each pair of sandals will be priced at approximately 800 euros, equivalent to about 930 US dollars [1] Company Summary - The initiative reflects Prada's strategy to incorporate local cultural elements into its product offerings, enhancing brand appeal in diverse markets [1] - Lorenzo Bertelli, a senior executive at Prada, is overseeing this project, indicating the company's commitment to expanding its presence in India [1] Industry Summary - The luxury footwear market is increasingly focusing on regional inspirations to attract local consumers, suggesting a trend towards cultural integration in product design [1] - The pricing strategy of 800 euros per pair positions the sandals within the premium segment of the market, targeting affluent consumers [1]

Thyssenkrupp's steel unit said it will temporarily shut down production of electrical steel in Europe, a key material used in wind turbines and power grids, blaming cheap imports from Asia that it war... ...

Core Viewpoint - Mexico's decision to raise tariffs up to 50% will significantly impact $1 billion worth of shipments from major Indian car exporters, including Volkswagen and Hyundai, despite efforts from the industry to lobby against this move [1] Group 1: Tariff Impact - The new tariffs will affect shipments valued at $1 billion from major Indian car exporters [1] - Major companies impacted include Volkswagen and Hyundai [1] Group 2: Industry Response - There has been industry lobbying aimed at persuading New Delhi to prevent the tariff increase [1]

Core Points - Waymo, a unit of Alphabet, recalled 3,067 vehicles in the United States due to a software issue that has been resolved through an update [1] Group 1 - Waymo's recall involved a total of 3,067 vehicles [1] - The recall was initiated following a report from the National Highway Traffic Safety Administration (NHTSA) [1] - The software issue that prompted the recall has been fixed via an update [1]

Core Insights - U.S. imports of telephones and parts from Vietnam have decreased to their lowest levels in over five years as of November, indicating a significant decline in trade activity between the two countries [1] Group 1: Import Trends - The decline in imports from Vietnam suggests potential challenges for Vietnamese exporters, particularly in the telecommunications sector [1] - This drop in imports may reflect broader trends in supply chain adjustments or shifts in sourcing strategies by U.S. companies [1] Group 2: Market Implications - The reduction in imports could impact the overall economic relationship between the U.S. and Vietnam, particularly in the technology and electronics sectors [1] - Companies in the telecommunications industry may need to reassess their supply chains and consider alternative sourcing options to mitigate risks associated with declining imports from Vietnam [1]

Core Viewpoint - SK On has decided to terminate its joint venture with Ford Motor for two battery factories in the United States [1] Company Summary - SK On is a South Korean battery manufacturer [1] - The joint venture with Ford was focused on establishing battery production facilities in the U.S. [1] Industry Summary - The decision reflects a significant shift in the electric vehicle battery manufacturing landscape [1] - The termination of the joint venture may impact the supply chain and production capabilities for electric vehicle batteries in the U.S. [1]

Core Points - STMicroelectronics has established a credit line of 1 billion euros ($1.2 billion) with the European Investment Bank (EIB) [1] Company Summary - The credit line is aimed at supporting the company's financial flexibility and growth initiatives [1] - This partnership with the EIB indicates a strategic move to enhance funding options for future projects [1] Industry Summary - The establishment of such credit lines reflects the ongoing support from financial institutions for semiconductor companies amid increasing demand [1] - This move may signal a trend in the industry where companies seek to secure funding to invest in technology and capacity expansion [1]

Core Viewpoint - Oracle's shares opened nearly 12% lower in Frankfurt, reflecting a decline in U.S. after-hours trading due to the company's sales and profit forecast falling short of analyst expectations [1] Group 1 - Oracle's forecast for sales and profit did not meet analyst estimates, leading to a significant drop in share price [1]

Core Viewpoint - The new CEO of Stellantis, Antonio Filosa, is focusing on increasing vehicle sales growth rather than prioritizing profits, which includes strategies like lower-margin fleet sales and investments in affordable models to regain market share in North America [1] Group 1 - Antonio Filosa has taken over as CEO of Stellantis and is shifting the company's strategy towards sales growth [1] - The company is willing to engage in lower-margin fleet sales to boost overall vehicle sales [1] - There is a significant emphasis on investing in affordable vehicle models to recapture market share in North America [1]