• Airbus incurs significant upfront costs in preparation for increasing its civil aircraft production rate, its CFO said on Wednesday.
  • Deutsche Telekom, Orange, Airbus and 15 other European companies criticized a proposal that would allow Amazon, Alphabet and Microsoft to bid for highly sensitive European cloud computing contracts.
  • UBS suffered on the stock market as the bank faces stricter rules as part of the Swiss response to the Credit Suisse bailout.
  • Lufthansa suspends flights to Iran amid regional tensions.
  • Universal Music Group signed a worldwide digital distribution partnership with Chinese entertainment company TF Entertainment.
  • Finnish stainless steel manufacturer Outokumpu announced the departure of its CFO on Wednesday.
  • Vertex Pharmaceuticals acquires Alpine Immune Sciences for $4.9 billion.
  • Google invests $1 billion to improve connectivity with Japan via two undersea cables.
  • US charges Regeneron with price fraud on eye drug.
  • KKR plans to sell or float BMC Software, which could be worth $15 billion.
  • Crown Castle appoints Steven Moskowitz as CEO.
  • Meta Platforms will launch simplified versions of Llama 3 next week, according to The Information.
  • Tesla explores a joint venture with Reliance Industries to build an electric vehicle manufacturing plant in India.
  • S&P downgraded China Vanke 's long-term issuer credit rating from BBB+ to BB+ due to the situation in the Chinese real estate market.
  • A Ping An Insurance subsidiary delayed repayment of approximately $107 million in proceeds, citing the crisis in the real estate market and adding that it was suing the developer Zhenro Properties with whom it had invested the sum.