UniCredit Needs to Solve its Crisis of Confidence

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Italian bank ousts Chief Executive Federico Ghizzoni but faces a struggle to plug its capital shortage.

EU Could Force Netflix to Fund European Films

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The European Unionproposed legal changes that could force Netflix and other online-video providers to help finance European-made films.

Mitsubishi Motors Posts Loss Over Scandal, Warns on Costs

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Mitsubishi Motors posted a $174 million special loss and warned that related costs could balloon further as it grapples with the fallout from a fuel economy testing scandal that has led to the resignation of its president.

Huawei Sues Samsung Alleging Patent Infringement

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China’s Huawei has filed a lawsuit in the U.S. alleging that Samsung infringed a number of patents covering mobile devices and cellular-communications technology.

Shell to Lay Off Another 2,200 Staff

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Shell plans at least another 2,200 job cuts this year in the face of low oil prices while integrating its recent acquisition of BG Group.

Why Chinese Steel Can't Support Iron-Ore Prices

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Steel and iron ore prices are again on the slide. Any uplift from Chinese demand will be limited.

Virtual-Reality Dreams Won't Erase HTC's Problems

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Shares of the once-mighty Taiwanese phone maker HTC have been on a tear, but hopes for virtual reality to revive the company seem misplaced.

Microsoft to Streamline Smartphone Business

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Microsoft will lay off 1,850 workers and take an impairment and restructuring charge of approximately $950 million as it takes further step in dismantling the mobile-phone operations it acquired from Nokia.

Terror Attacks, Air Crashes Weaken Appetite for European Travel

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A spate of terror attacks and airliner disasters across Europe and its periphery is starting to catch up with the region’s travel industry.

Chevron-led Consortium to Invest Up To $37 Billion in Kazakh Oil Field

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Investment represents one of the first big commitments by a large oil company to spend on new crude production following a two-year-long slump in oil prices.

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