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...Brussels has raided the offices of a Chinese security equipment supplier, deploying new anti-foreign subsidy powers in a move that will further inflame tensions between the trading superpowers....
...DiGiCo equipment was used in a concert to celebrate the late Queen’s platinum jubilee in 2022, as well as by pop stars including Natalie Imbruglia....
...In late 2022, German chancellor Olaf Scholz announced the European Sky Shield initiative, which he cast as a way to create a European air and missile defence system by jointly procuring equipment....
...Nuctech, the Chinese security equipment supplier raided by EU authorities, has won more than 160 public tenders in Europe over the past decade despite national security warnings about the company’s products...
...The person added that the company was still refraining from selling US-made equipment, which ranges from wafer grinders to etching machines....
...TSMC said “critical tools”, including extreme ultraviolet lithography equipment, were undamaged....
...Volkswagen said “despite ongoing high price discounts, particularly from local [Chinese] OEMs [original equipment manufacturers]” its pricing model in the country was “sustainable”....
...That led the Illinois-based company to pencil in fiscal year 2024 earnings of between $7.75bn and $8.25bn, below analysts’ expectations for $9.33bn....
One year on, the message from the market attack on Deutsche Bank is that nonsense on the internet matters
...Companies in the throes of a cyclical slump make the choicest morsels of all....
...It has since closed or sold several other smaller units, including its mining equipment division....
...Director’s spouse picks up Barr tab The spouse of a director at AG Barr has bought £59,300 worth of shares in the FTSE 250 drinks company....
...The export potential of new equipment will become crucial in assessing whether to buy kit for Britain’s armed forces in a move aimed at fixing the country’s disastrous record in defence procurement, according...
...Chipmaking equipment manufacturer ASML has been forced to curb some exports to China after the Dutch government partially revoked its export licence, the company said on Monday....
...The company manufactures factory equipment used to produce EV batteries....
...company’s biggest-selling drugs....
...Big share prices moves in Europe today include British consumer goods company Reckitt, Paris-based Gucci owner Kering and Dutch maker of water processing equipment for semiconductor manufacturers ASM International...
Swiss lender awards returning chief executive $15.9mn for steering integration of Credit Suisse
...The Munich-based fintech company Wirecard collapsed into insolvency in June 2020 after reporting that half of its revenue and €1.9bn in corporate cash did not exist....
First-quarter net income increased 10% from a year earlier to €1.45bn
...Instead, the regulator in its report referenced anonymised companies “[Company A] Bank AG” and “[Company A] Capital (UK) Limited”....
Deal follows move by Swiss bank to renegotiate terms of original sale of a business owned by Credit Suisse
Exit leaves barely any senior managers from failed Swiss bank remaining at combined group
Analysts estimate changes could require between $15bn and $25bn of additional capital for the lender
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