One in four jobs at German sports car maker Porsche is at risk, warned worker representatives on Wednesday, adding that the management was threatening to relocate production and development to lower-c... ...

Policymakers are grappling with gaps in economic data caused by the recent government shutdown. ...

Core Viewpoint - Workers at Brazil's state-run oil company Petrobras are set to initiate a strike on Monday, as announced by their union in a statement on Wednesday [1] Company Summary - The strike involves employees of Petrobras, indicating potential disruptions in operations and production [1] - The announcement from the union highlights ongoing labor tensions within the company, which may affect its performance and market perception [1] Industry Summary - The strike at Petrobras reflects broader labor issues within the oil and gas sector in Brazil, which could impact supply chains and market stability [1] - Such labor actions may lead to increased scrutiny on state-run enterprises and their operational efficiency in the face of labor disputes [1]

Core Insights - Stellantis is projected to conclude the year with purchases from Italian suppliers exceeding seven billion euros ($8.1 billion), surpassing the initial target of six billion euros [1] Company Summary - The CEO of Stellantis, Antonio Filosa, indicated that the company has increased its procurement from Italian suppliers, reflecting a commitment to local sourcing and support for the Italian automotive industry [1]

Core Insights - Roche's experimental oral drug giredestrant has demonstrated a 30% reduction in the risk of breast cancer recurrence compared to standard endocrine therapy, marking a significant advancement in treatment options [1] Company Summary - Roche is advancing its portfolio in oncology with giredestrant, which is positioned as a potential alternative to existing therapies [1] Industry Summary - The development of giredestrant represents a notable shift in breast cancer treatment paradigms, potentially impacting market dynamics and patient outcomes in the oncology sector [1]

Core Insights - Adobe is integrating its Photoshop, Adobe Express, and Acrobat applications into ChatGPT, enabling users to edit images, design graphics, and manage PDFs within the OpenAI-owned chatbot [1] Company Developments - The integration of Adobe's applications into ChatGPT represents a significant step in enhancing user experience by allowing seamless editing and design capabilities directly within a conversational AI platform [1]

Big investors attending Abu Dhabi Finance Week voiced concern over the high valuations attached to AI-related companies but said that investment in the infrastructure crucial to the sector's long-term... ...

Volkswagen Group is offering early retirement to all of its 2,300 workers across its two factories in India, sources said, as the automaker seeks to overcome obstacles to growth in the world's third-l... ...

Core Viewpoint - French media conglomerate Vivendi is making efforts to avoid a potential EU antitrust fine related to its acquisition of publisher Lagardere, which was completed before receiving necessary approvals [1] Group 1 - Vivendi's acquisition of Lagardere has raised concerns regarding compliance with EU antitrust regulations [1] - The company is attempting to negotiate with EU authorities to mitigate the risk of a fine [1] - The situation highlights the ongoing scrutiny of mergers and acquisitions within the media industry by regulatory bodies [1]

By Marc Jones, global markets correspondent ...