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Stuff that matters

Italian unions to start wage talks next week with Stellantis, Ferrari

Italy’s unions will meet representatives of companies including carmakers Stellantis (STLA.MI) and Ferrari (RACE.MI) on Oct. 26 to start talks over wage increases, a senior official from the UILM union

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Nokia, Ericsson slump as patent fights hit margins

Telecom equipment makers Nokia (NOKIA.HE) and Ericsson (ERICb.ST) were among the worst performers in Europe on Thursday, bruised by ongoing patent battles which cut profit margins and offset strong demand

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Saudi Aramco to push ahead with IPO of oil-trading unit

Saudi Aramco (2222.SE) is pushing ahead with plans for an initial public offering of its energy-trading business and is targeting a listing in Riyadh for the end of the year

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AB Volvo profit jumps but warns on costs; shares sink 5%

Swedish truck maker AB Volvo (VOLVb.ST) posted a higher third-quarter profit on Thursday as customers replaced ageing fleets but warned that energy and material costs and supply disruptions would pose

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China holds emergency talks with chip firms after U.S. curbs

China’s Ministry of Industry and Information Technology convened a series of emergency meetings over the past week with leading semiconductor companies, seeking to assess the damage from the U.S. chip

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Norway’s DNB reports rising Q3 net profit, as expected

DNB (DNB.OL), Norway’s largest bank, on Thursday became the latest Nordic bank to report a jump in third-quarter profits due to rising interest rates, in line with forecasts. Net profit

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BOJ conducts emergency bond buying to underpin debt market, but yields keep rising

The Bank of Japan on Thursday conducted emergency bond-buying operations, extending efforts to put a floor under bond prices, as the yen nears a 32-year-low against the dollar. The BOJ

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