Siemens Q3 income soars by almost 50%

Siemens net income surges by almost 50 per cent in Q3 and the firm confirms its FY guidance despite some orders slowing. Japan’s Nikkei 225 pares losses as Wall Street ends back in the red. JPMorgan estimates the U.S. economy has a 1 in 3 chance of falling into recession this year but CEO Jamie Dimon tells our colleagues Stateside things remain OK – for now. We hear from Infineon CEO Jochen Hanebeck who tells CNBC that the race for building the next generation of A.I. data centres is now on as the German chip giant opens a new facility in north-west Malaysia. And in media news, Warner Bros. Discovery shares slide in extended trade off the back of a $9bn write-down. Disney feels similar weakness despite the firm’s combined streaming profit coming into the black for the first time.

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