AGP Executive Report
Last update: 4 hours agoAirlines: Lufthansa lifted its 2026 fuel-cost estimate by €600 million to €9.3 billion and narrowed its core-profit outlook, despite a 30% jump in third-quarter profit. Corporate results: Bayer raised its 2026 earnings forecast after stronger pharma sales and lowered its expected year-end debt. ECB succession: Eurozone states have until Friday to nominate candidates to replace Christine Lagarde; finance ministers will review names on November 9. Markets: European shares fell as worries over AI spending and funding intensified, adding to pressure from the Iran war and rising borrowing costs. Industry: Schaeffler plans to cut 3,460 jobs, most in Germany, as the car-parts maker faces weak demand, Chinese competition and high costs. Germany’s economy grew just 0.2% in the third quarter, while inflation eased.
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