UniCredit attacks Italian government’s ‘illegitimate’ use of power over BPM bid

UniCredit attacks Italian government’s ‘illegitimate’ use of power over BPM bid

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UniCredit has attacked the Italian government’s intervention in its hostile takeover bid for rival Banco BPM, criticising its use of powers setting conditions for the deal as “illegitimate”. In a statement following an Italian court … Read more

China, South Korea Are ‘Superman’ Box Office Kryptonite On 1st Weekend

China, South Korea Are ‘Superman’ Box Office Kryptonite On 1st Weekend

Superman is flying high around the world, including nearly $125 million domestic, but China and South Korea seem to be box office Kryptonite for writer-director and DC Studios co-CEO James Gunn’s reboot of the DC superhero. First image reveal for the movie “Superman.” Source: DC Studios Superman By The Numbers Superman is expected to earn … Read more

European Union to delay retaliatory tariffs on U.S. goods in hopes of reaching deal

European Union to delay retaliatory tariffs on U.S. goods in hopes of reaching deal

The European Union will suspend retaliatory tariffs on goods from the United States that were scheduled to take effect on Monday. The EU hopes it can reach a trade deal with the Trump administration by the end of the month. “This is now the time for negotiations,” European Commission President Ursula von der Leyen told … Read more

Prediction: Taiwan Semiconductor Manufacturing Stock Is the Safest AI Chip Bet

Prediction: Taiwan Semiconductor Manufacturing Stock Is the Safest AI Chip Bet

Taiwan Semiconductor Manufacturing (TSM 0.24%) may not design artificial intelligence (AI) chips, but it’s a company that every AI chipmaker relies on. The AI giants rely on TSMC to manufacture their number-crunching chip designs. That’s why TSMC is the safest long-term play in the AI infrastructure space. Let’s look at what makes the company so … Read more

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