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Italy

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STMicroelectronics revenue is recovering. Why is Jean-Marc Chery still shrinking the workforce?

STMicroelectronics N.V. plans to seek shareholder approval for a one-year extension of Chief Executive Officer Jean-Marc Chery's mandate as the chipmaker works through a manufacturing and cost restructuring that could reduce total workforce numbers by about 5,000 over three years. The short extension preserves leadership continuity without closing the longer-term succession question.
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Midea takes control of Esaote to expand medical imaging portfolio across global markets

Midea has completed its controlling investment in Italian medical imaging manufacturer Esaote, adding ultrasound, specialised MRI and healthcare software to its existing diagnostic equipment portfolio. The transaction strengthens its international healthcare ambitions, although the purchase price remains undisclosed and the commercial benefits will depend on product integration, R&D investment and global distribution.