The Bank of Italy said Friday that the cost to rescue failing lender Banca Monte dei Paschi di Siena will likely hit a 8.8 billion , a figure that falls largely in line with European Central Bank estimates. BMPS will need around a 4.6 billion to shore up the bank’s capital base and repair its common tier 1 equity ratio, the Bank of Italy said in a statement, and a further a 2 billion to cover retail investors, putting the cost for Italian taxpayers at a 6.6 billion.

As oil prices stabilize and confidence returns to the patch, there’s been an uptick in oil and gas companies filing to go public. With prized assets in the industry’s promised lands, not all of them make it that far.

The Wall Street Journal’s Steven Russolillo tweeted on Thursday that Tesla shares are down at the end of year for the first time since the carmaker’s 2010 IPO. It’s an accurate observation, although one that should be taken with a rather large grain of salt.

Futures are higher late Wednesday but they have been all week and the market went the opposite direction in regular trade. Futures for U.S. markets were higher late Thursday, but they have provided little guidance to Wall Street’s performance in regular trade in the final week of the year as both the Trump and Santa rallies wilted.

Bad debts at Indian lenders, especially those in the dominant state-run sector, have climbed to a 14-year high and could swell further, putting a strain on their capital buffers and profitability, a central bank study showed. The industry’s gross bad-loan ratio jumped to 9.1 percent in September, from 7.8 percent in March, according to the Reserve Bank of India’s Financial Stability Report released Thursday.

People in India have until the end of Friday to deposit discontinued notes in bank and post office accounts, or risk their money becoming worthless. Early last month the government scrapped the 500 and 1000 rupee notes to crack down on undeclared money and fake cash.

Short of a miracle, India’s prime minister Narendra Modi will fail to meet his own 50-day deadline to restore order to the country’s economy and ease the hardship faced by ordinary citizens following the chaos of his sudden currency ban. In an emotional plea to citizens following the withdrawal of 86 percent of the currency in circulation in a bid to target corruption, Modi promised the inconvenience would all be over by December 30. But demonetization’s trail of devastation — on farmers, workers, small shopkeepers, low-income households and businesses — is yet to ease.

Really? Taken verbatim, the headline was very misleading, since there are no supersonic commercial flights-or aircraft in service-to provide supersonic travel anywhere. The editors obviously figured why let the facts stand in the way of a bit of hype to pull readers into an article about Boom Technology, a Denver-based aerospace startup that has its sights set on developing a 45-seat jetliner that will cruise at 1,451 miles per hour.

The industry’s decades-old business model that relied on combustion engines and mass demand for private car ownership is coming to an end The convergence of traditional motor manufacturing and new digital technologies has been shifting slowly through the gears for a couple of years. But in 2016, things hit top speed.