Business
Paramount settled with attorneys general from 12 U.S. states, clearing the way for its roughly $111 billion acquisition of Warner Bros. Discovery and prompting anger from Hollywood creators.
ECB chief economist Philip Lane warned energy price jumps would likely prolong inflation in the euro area and said another rate increase could come in October.
Saudi Arabia reopened its East–West oil pipeline, allowing crude shipments from Red Sea port Yanbu to resume after it had been shut on Sept. 13 following drone attacks.
SAS said it expected higher jet fuel prices to cost the Nordic carrier 3.3 billion kroner for the current fiscal year, citing fuel prices of about $1,600 per ton.
BMW, VW, Ford and other automakers wrote to Germany's Bundesnetzagentur, warning a proposed regulation would block bidirectional EV charging and cost the industry billions.
Paramount Skydance, led by David Ellison, settled with U.S. states that sued to block its $110 billion takeover of Warner Bros. Discovery, clearing the way for the deal.