Taiwan Semiconductor Manufacturing Co. is in talks with partners to spend as much as €10 billion ($11 billion) to build a chip fabrication plant in Saxony, Germany, according to people familiar with the matter.

Two ex-Steinhoff International Holdings NV directors who worked at the retailer’s European units appeared in a German court on Wednesday to stand trial on charges relating to the accounting scandal at the company.

US stock futures rose with European equities, rebounding from Tuesday’s heavy losses as investors awaited the Federal Reserve’s rate decision. Oil slid below $70.

Russia said it defeated an attack by a pair of drones on President Vladimir Putin’s residence in the Kremlin in Moscow Tuesday night, blaming the attempt on Ukraine.

Morgan Stanley said it’s in talks with US prosecutors and regulators to resolve a probe into its block-trading practices.

Estée Lauder Cos. cut its forecast for the third time in six months as travel recovers more slowly than expected in China, hindering growth in a market that accounts for about one-third of the luxury company’s revenue.

Oil fell for a third day, dropping below $70 a barrel in New York, as the prospect of a US recession threatened to curb fuel demand.