• Eurofins is set to expand its operations by acquiring the clinical diagnostics business of Synlab in Spain.
  • GTT has announced an upward revision of its targets for the year 2024.
  • Volkswagen is reportedly considering cuts to wages and bonuses as part of a €4 billion savings plan, as per Handelsblatt.
  • Maire Tecnimont stands by its financial forecasts for the year 2024.
  • Philips has issued a downward revision of its growth forecast amidst challenging market conditions.
  • Blackstone is reportedly in discussions to acquire US gas pipeline interests from EQT for $3.5 billion, according to sources at Reuters.
  • Investment firm Permira has taken a 40% stake in the outerwear brand K-Way, owned by BasicNet, at a valuation of €505 million.
  • BT Group is exploring the sale of its Radianz subsidiary, which could fetch several hundred million pounds, the Financial Times reports.
  • The London Stock Exchange is said to be planning a reduction of around 200 jobs globally, Bloomberg reports.
  • Clariant has nominated Ben van Beurden as the new Chairman of its Board of Directors.
  • Google has reportedly developed an AI capable of navigating web browsers, as per The Information.
  • Boeing is to raise approximately $19 billion in capital after reporting its largest quarterly loss in four years, which includes issuing 90 million new ordinary shares for $14 billion.
  • McDonald's is addressing multiple hamburger-related infections in the USA, dismissing the likelihood that its products are linked to the E. coli outbreak.
  • Eli Lilly has received approval to launch a new weight loss drug in Hong Kong.
  • Meta Platforms has reached an agreement to incorporate Reuters news content into its AI chatbot technology.
  • Delta Air Lines has filed a lawsuit against CrowdStrike following a software update that led to widespread flight cancellations.
  • The U.S. government has filed a lawsuit against Lyft, alleging the company misrepresented earnings potential to drivers.
  • Italy's antitrust authority is investigating Otis Worldwide over claims of engaging in unfair business practices.
  • Shares of Philips fell as the company adjusted its revenue outlook downward amid a significant demand decline in China.
  • Apple has encountered regulatory hurdles in Indonesia, blocking sales of the iPhone 16 for failing to meet local investment criteria.
  • TSMC has halted shipments to Chinese firm Sophgo following the discovery of a controversial chip in a Huawei processor, as reported by Reuters.
  • Alibaba agrees to a $433.5 million settlement to resolve shareholder lawsuits over monopoly allegations.
  • Shares of Indian airline IndiGo plummeted by 8% after the company issued a warning about declining passenger revenue.
  • LG Energy Solution reported a decline in profits for the third quarter, attributing the downturn to sluggish demand for electric vehicles.
  • The CEO of Olympus resigns amid allegations of illegal drug procurement.

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