Economy

Wall Street ends higher as investors digest Trump trade comments

Wall Street ended higher on Friday as investors assessed U.S.

NYC Comptroller and other investors urge Starbucks to restart union talks

New York City's Comptroller and other Starbucks shareholders have written to the company to resume talks with its workers' union to discuss staffing, wages and other issues, the city agency

Boeing, striking union to resume contract talks on Monday with federal mediator

A union representing more than 3,200 striking Boeing workers who assemble fighter jets and munitions said on Friday it and the company had agreed to resume

In AP interview, Harris says Democrats 'are standing up for working people' in government shutdown

Kamala Harris sounds like a party elder and a future candidate at the same time

First Republican enters race for governor of New Mexico in 2026 as Democrat terms out of office

New Mexico has its first Republican contender for governor ahead of the 2026 elections, as the three-term city mayor of fast-growing Rio Rancho launched his campaign

FAA allows Boeing to increase 737 Max production nearly two years after door plug flew off plane

The Federal Aviation Administration said Friday it will allow Boeing to produce more 737 Max airplanes by increasing the limit it imposed after a door plug flew off an Alaska Airlines jet that the company built

US CFPB scraps Citibank discrimination case three years early

The top U.S. consumer finance watchdog agency on Thursday terminated a 2023 enforcement

Trump seeks to build on momentum from Gaza deal in a busy diplomatic week

Trump seeks to build on momentum from Gaza deal in a busy diplomatic week

Trump offers US automakers additional relief from his tariffs

President Donald Trump is giving domestic automakers some relief from his tariffs

The other Alaska airlift: Volunteers save dogs from a flooded Alaska village, 1 tiny plane at a time

A nonprofit in rural Alaska is working to rescue dogs from Kipnuk, a village hit hard by Typhoon Halong

US courts set to run out of money, begin furloughs as shutdown lingers

The U.S. federal court system starting on Monday will begin curtailing non-essential functions and furloughing some employees after exhausting what funds the judiciary had

President Donald Trump drops the F-bomb before the cameras. It wasn't the first time

President Donald Trump talks plainly, bluntly, often even coarsely

LA county reaches tentative $828M agreement to settle 400 more claims of sexual abuse

Los Angeles County has reached a tentative $828 million agreement to settle more than 400 additional sexual abuse claims against county employees that were not included in an earlier settlement that was the largest sexual abuse settlement in U.S. history

Erie Canal’s 200th anniversary: How a technological marvel for trade changed the environment forever

The Erie Canal solidified New York’s reputation as the Empire State, but it also opened up an expressway for invasive species to reach the Great Lakes.

From bills to berets: Notable moments from NYC's contentious mayoral debate

New York City’s mayoral candidates have duked it out in their first general election debate, with contenders Zohran Mamdani, Andrew Cuomo and Curtis Sliwa sparring over everything from the Israel-Hamas war to the city’s education system

Daily struggles persist in Gaza even as ceasefire offers some respite

The Israel-Hamas war ceasefire has provided some respite for Palestinians in Gaza after two years of killings and destruction

Swiss minister speaks to Bessent in U.S., gives no sign of progress on tariffs

Swiss Economy Minister Guy Parmelin said on Friday he had spoken briefly to U.S.

More ECB rate cuts increasingly unlikely, Wunsch says

The chances of further interest rate cuts from the European Central Bank are declining given the economy's resilience and inflation holding around the 2% target, Belgian central

IMF discussed Bolivian economy with candidates ahead of election runoff, official says

The International Monetary Fund has discussed Bolivia's economy with the country's presidential candidates ahead of a runoff vote this Sunday, an IMF official said on Friday.

Bank of England's Greene sees no further case for quarterly rate cuts

Bank of England Monetary Policy Committee member Megan Greene said on Friday that she did not see a case for the BoE to continue its current quarterly pace of rate cuts but did

Dozens still missing days after Mexico's mass flood

Five days after historic floods that killed at least 66 people and affected 100,000 homes, Mexico is still scrambling to get help to the

Porsche brings back SUV boss Leiters to assume 'poisoned chalice'

Porsche's decision to bring in ex-McLaren boss Michael Leiters to revive the luxury German carmaker was welcomed by investors, although they have no

New York approves power line for Micron’s $100 billion semiconductor plant

A new underground transmission line was approved by the New York State Public Service Commission linking an existing Clay substation with Micron Technology's proposed semiconductor megafab

IMF chief hopes for US-China rare earths deal to avoid 'material impact' on global economy

International Monetary Fund Managing Director Kristalina Georgieva said on Friday she was hoping for an agreement between the U.S. and China that avoids a cutoff in the flow of

US Treasury seeks dealer guidance on QT, 20-year bond auction

The U.S.

Kremlin envoy proposes 'Putin-Trump tunnel' to link Russia and US

Russia and the United States should build a "Putin-Trump" rail tunnel under the Bering Strait to link their countries, unlock joint exploration of natural resources

Bessent says US bought pesos again, currency slips

The U.S. Treasury bought Argentine pesos in the spot and "Blue Chip Swap" markets on Thursday and it continues to monitor all markets, Treasury Secretary Scott Bessent said on Friday.

Oil set for weekly loss as global conflicts ease, signs of glut emerge

Oil prices managed small gains on Friday but were headed for a weekly loss of nearly 3% after the IEA forecast a growing glut and U.S.

Supreme Court sets December 8 date for arguments over Trump FTC firing

The U.S.

Dollar set for weekly loss amid investor unease about trade

The U.S. dollar was headed for a weekly loss against the Swiss franc and yen on Friday, amid concern about trade tensions and unease among

China sanctions on Hanwha threaten South Korea-US shipbuilding ties, officials say

China's sanctions on U.S.-linked units of shipbuilder Hanwha Ocean threaten to impact ambitious plans for shipbuilding cooperation between Seoul and

US stocks end higher, Treasury yields rise on easing credit, trade worries

Wall Street stocks advanced and U.S.

Tesla pay plan faces pushback as ISS urges vote against Musk's $1 trillion package

Tesla's proposed $1 trillion pay package for CEO Elon Musk came under fresh scrutiny on Friday, with proxy adviser ISS urging shareholders to reject what might be the largest-ever

Trump’s $150 Ozempic? Oz cautions it’s not a done deal, but patients and doctors say it could be a gamechanger

Trump’s $150 Ozempic? Oz cautions it’s not a done deal, but patients and doctors say it could be a gamechanger

After years of socialist rule, Bolivia’s presidential runoff tests how far and fast it veers right

After nearly two decades of one-party rule and a worsening currency and fuel crisis, Bolivia is shifting to the right

Wall Street rises to finish its best week in 2 months after bank stocks stabilize

Wall Street cruised to the finish of a winning week that began much bumpier

Regional banks' bad loans spark concerns on Wall Street

Wall Street is concerned about the health of the nation’s regional banks, after a few of them wrote off bad loans to commercial customers in the last two weeks

FEMA staff sound the alarm on disaster preparedness at rally in front of agency headquarters

Current and former FEMA staff have gathered for a “FEMA Solidarity Rally” outside the agency's headquarters in Washington, D.C., on Friday

How Trump's approval shifted after the ceasefire in Gaza, according to a new AP-NORC poll

A new AP-NORC poll finds that more U.S. adults support President Donald Trump’s handling of the conflict in Israel after he brokered a ceasefire deal in Gaza, but his approval ratings on domestic issues remain weak

US blocks a global fee on shipping emissions as international meeting ends without new regulations

The U.S. has blocked a global fee on shipping emissions as an international maritime meeting ended Friday without adopting new regulations

Trump announces IVF drug pricing deal for ‘TrumpRx’ site

President Donald Trump has announced IVF and other commonly used fertility drugs will be sold at a reduced price on TrumpRx.com. The Centers for Medicare and Medicaid Services estimates women can save up to $2,200 per cycle of fertility drugs because of this deal.

Dutch government in talks with China over Nexperia export controls

The Netherlands is in talks with China over export controls imposed on the Chinese-owned chipmaker Nexperia, which has become tangled up in the trade frictions between the U.S.

US supportive of new IMF programme, EU loan for Ukraine, Dombrovskis says

The U.S. is supportive of a new IMF lending programme for Ukraine and the European Union initiative to extend a loan to Kyiv based on Russian central bank assets immobilized in

Goldman Sachs rejigs management at recently created Capital Solutions Group, memo shows

Goldman Sachs has made several organizational changes and appointments in its unit that focuses on financing large deals and providing loans to corporate clients, according to an internal

Trump casts long shadow over New York mayoral race

The New York City mayoral debate was less than two minutes old before the first mention of U.S. President Donald Trump.

Porsche tasks former McLaren boss Leiters with leading revival

Porsche lined up ex-McLaren boss Michael Leiters as its new CEO on Friday, in a bid to revive the German luxury sports car maker's fortunes and end a dual role for

Stable debt, policy coordination are key for Latam and Caribbean growth, IMF says

Latin America and the Caribbean face slower growth and lingering inflation pressures as the global economy adjusts to major policy shifts and persistent geopolitical

UN shipping agency delays decision on carbon price under US pressure

By Enes Tunagur and Jonathan Saul LONDON -A majority of countries at the U.N. shipping agency voted on Friday to postpone by a year a decision on a global carbon price on international shipping, after

US helps sink world’s first global carbon tax after threatening sanctions against countries supporting it

US helps sink world’s first global carbon tax after threatening sanctions against countries supporting it

An army colonel who led a lightning-fast coup takes over as Madagascar's president

Col. Michael Randrianirina has been sworn in as Madagascar's new leader after seizing power in a military coup

No finders keepers: Maine police seek man who picked up more than $7K from street

No finders keepers: Maine police seek man who picked up more than $7K from street

US bank stocks plunge as investors grow uneasy about mounting risks

U.S. bank stocks, including Zions Bancorporation, Jefferies, and Western Alliance, fell sharply on Thursday as investors grew uneasy

Ukraine could use reparations loan to buy weapons outside Europe, document shows

The European Commission has suggested Ukraine use part of an envisaged 140 billion euro ($163 billion) reparations loan funded from frozen Russian assets to buy weapons outside the

SLB's Le Peuch sees no major rebound in North America activity

SLB does not expect to see a significant pickup in North American drilling activity due to high production costs at some shale basins, its top boss said on Friday, although

Jefferies CEO says bank was defrauded by auto parts maker First Brands

Jefferies was defrauded by bankrupt auto parts maker First Brands Group, its CEO Rich Handler said at its investor day held on Thursday.

European stocks fall as US bank jitters spark flight to safety

European shares fell on Friday, as signs of credit stress at U.S. regional lenders unnerved investors and drove them into safe-haven assets.

Democrats say Trump needs to be involved in shutdown talks. He's shown little interest in doing so

Democrats are calling on President Donald Trump to get more involved with negotiations to end the government shutdown

Gold prices topped $4,300 this week. What's driving the surge?

As economic uncertainty deepens, the rush for gold continues — with prices for the precious metal topping $4,300 for the first time this week

ICE arrests police officer in Chicago suburb and accuses him of being in US illegally

ICE arrests police officer in Chicago suburb and accuses him of being in US illegally

India expects $7.4 billion spending on fighter jet engines over next decade

India expects to spend about 654 billion rupees ($7.44 billion) to buy engines for fighter aircraft that are under development until 2035, according to estimates

U.S. equity funds regain inflows on rate-cut bets, upbeat earnings

U.S. equity funds saw renewed demand in the week to October 15 as signals of further rate cuts from Federal Reserve Chair Jerome Powell and a solid start to the corporate earnings season

ECB's Lagarde emphasises central bank independence

European Central Bank President Christine Lagarde on Friday emphasised the importance of keeping monetary authorities independent from politics.

Bank of Italy cuts Italian 2026 growth outlook on US tariffs, strong euro

The Italian economy will grow by 0.7% next year, in line with the government's latest estimate, the country's central bank said on Friday, cutting a 0.9% forecast it made in June due

UBS lifts global equities view to 'attractive' on AI boost

UBS Global Wealth Management upgraded its stance on global equities to "attractive", citing expected productivity gains from AI spending and a supportive policy backdrop.

Europe needs to make a 'down payment' on reforms to sharply boost growth - IMF

The European Union needs to adopt only a small number of reforms to boost economic growth sharply, increase competitiveness and maintain welfare programs,

IMF urges more joint EU borrowing to pay for bloc's public goods

The European Union should jointly borrow to pay for European public goods like defence, research and development and energy, Alfred Kammer, the head of the

World Bank's Banga calls for more transparency in debt restructuring process

World Bank President Ajay Banga on Friday stressed the need to increase transparency in debt restructuring processes to give greater clarity to all parties involved, including by

France knows it must cut deficit and that calms markets, IMF says

French politicians agree that public finances need to be shored up and this consensus keeps financial markets calm despite the political instability France has been experiencing

Italy overperforms on fiscal targets, entering virtuous cycle -IMF

Italy has been outperforming on its deficit targets and is entering a virtuous cycle, but it still needs structural reforms for faster growth, the head of the

Canada and China discuss disputes over canola and EVs, says Ottawa

Senior Canadian and Chinese officials discussed bilateral trade disputes involving canola and electric vehicles on

AmEx updates 2025 forecasts as affluent customers keep up spending

American Express raised the lower end of its 2025 profit and revenue forecasts on Friday, as its affluent customers looked past economic uncertainty

Micron to exit server chips business in China after ban, sources say

Micron plans to stop supplying server chips to data centres in China after the business failed to recover from a 2023 government ban on its

Federal workers still on the job have a new worry: Taking a day off during the shutdown

Federal workers still on the job have a new worry: Taking a day off during the shutdown

Hungary to ensure Putin can enter country for Trump meeting in Budapest

Hungary will ensure that Russian President Vladimir Putin can enter the country for a summit with U.S.

US businessman Josh Wander, whose firm invested in soccer clubs, indicted for alleged $500M fraud

An American businessman whose firm invested in several European soccer clubs that struggled under its ownership has been indicted in New York

Trump authorizes CIA operations in Venezuela, raising pressure on Maduro

U.S.

White House's Hassett on credit markets: optimistic we can stay ahead of curve

White House economic adviser Kevin Hassett said on Friday that banks have ample reserves and that he was optimistic that credit markets could stay ahead of the curve.

Bank of England to explain rates decisions in more detail from November

The Bank of England will make changes to explain in more detail its decisions on interest rates and other monetary policy issues from next month, BoE Chief Economist Huw Pill said on

Global equity funds draw fourth weekly inflow on hopes of Fed rate cut

Global equity funds attracted inflows for a fourth straight week through October 15, as dovish comments from U.S.

WTO chief urges US, China to de-escalate trade war, or risk long-term hit to global growth

The head of the World Trade Organization said she is urging the U.S. and China to de-escalate trade tensions, warning that a decoupling by the world's two

China accuses US of undermining WTO with tariffs, sanctions

The United States has been undermining the rules-based multilateral trading system since the new administration took office in 2025, China's Ministry of Commerce said on Friday,

Not everyone in Cambodia scam centres is an angel, South Korean missionary says

The death of a South Korean student lured into working in a scam centre in Cambodia with the promise of a good wage prompted Seoul this week to send officials to Phnom

What you need to know about Bolivia's runoff election

Bolivia will hold a presidential runoff on October 19 after no candidate secured an outright victory in the first round of voting on August 17. 

Ray-Ban maker shares hits all-time high as investors bet on Meta AI glasses boom

Shares in Ray-Ban maker EssilorLuxottica rose 14% to hit an all-time high on Friday, adding nearly $20 billion in market value as investor enthusiasm

Novo, Lilly's shares drop as Trump vows weight-loss drug price cuts

Shares of weight-loss drug makers Novo Nordisk and Eli Lilly fell on Friday after U.S.

Italy says its banks can handle budget tax hikes

Italian Prime Minister Giorgia Meloni said on Friday she had no concerns that tax increases on banks and insurance firms announced in the government's

Lawsuit filed against explosives plant company after deadly explosion kills 16

Lawsuit filed against explosives plant company after deadly explosion kills 16

The San Antonio Spurs want to spend at least $500M on a new arena. Now they need help from voters

Voters in Bexar County, Texas, are set to decide on November 4 whether to allow $311 million in venue taxes to go toward helping build a new arena for the San Antonio Spurs

Mongolia's prime minister ousted after 4 months in ruling party feud

Mongolia’s parliament has ousted Prime Minister Zandanshatar Gombojav in a power struggle within the ruling party

Credit risk is alive and well

Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers! 

Rapid growth of ETF market triggers fears of bubble

The U.S. exchange-traded fund market is churning out new products at an unprecedented clip, creating concerns about a bubble developing - causing some investors to become

EU needs more focus on self-driving to catch up with rivals, says Bolt CEO

Europe needs to pay at least as much attention to self-driving cars as it does to electric vehicles if it wants to play a role in one of the key technologies

Maine police looking for 2 people who pocketed thousands of dollars that fell off car's roof

Maine police looking for 2 people who pocketed thousands of dollars that fell off car's roof

Nonprofit helps Atlanta single parents handle expenses while pursuing their college degree

Nonprofit helps Atlanta single parents handle expenses while pursuing their college degree

State attorneys general sue Trump administration for canceled solar program funding

The attorneys general of more than a dozen states on Thursday sued the Trump administration over the termination of $7 billion in funding intended for affordable solar energy projects across the U.S. The coalition argued in the lawsuit that the Environmental Protection Agency’s cancellation of the Solar for All program violated federal law governing federal agencies and constitutional doctrine on separation of powers

Wall Street has been worried about bad loans for weeks. Now those fears are spreading

Wall Street has been worried about bad loans for weeks. Now those fears are spreading

American Express profits surge 16% in Q3, driven by wealthy card members

American Express reports a 16% increase in third-quarter profits, driven by higher card spending, especially among its wealthiest members

Pound struggles as investors flock to safe havens

Sterling fell on Friday, as investors rushed to safe-haven currencies like the Swiss franc and Japanese yen in light of growing anxiety over the outlook for the U.S.

China willing to restart dialogue with Canada at all levels, foreign minister says

China is willing to work with Canada to restart dialogue and exchanges at all levels and to promote the resolution of each nation's legitimate concerns, Foreign Minister Wang Yi

Japan's top banks to jointly issue stablecoin, Nikkei says

Japan's three largest banks, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, will jointly issue "stablecoins", digital currencies pegged to

ADM seeks to lure soy sales from US farmers as prices languish, sources say

Archer-Daniels-Midland, one of the world's biggest grain merchants, is offering incentives for U.S. farmers to deliver soybeans to one of its major processing

Autoliv beats profit estimates, recoups 75% of tariff costs in Q3

Autoliv, the world's largest producer of airbags and seatbelts, reported a third-quarter adjusted operating profit above market expectations on Friday and said it had recouped around 75% of

Truist's third-quarter profit rises on robust wealth management and interest income

Truist Financial reported a rise in third-quarter profit on Friday, driven by a strong wealth management segment and increased interest income, sending its shares up 2% in premarket trading

Indonesia announces cash handout, internship programme to stimulate economy

Indonesia on Friday launched a new economic stimulus package that includes cash handouts totalling 30 trillion rupiah ($1.81 billion) for 35 million households and expanded a

Regions Financial's third-quarter profit rises on dealmaking recovery

Regions Financial reported a rise in third-quarter profit on Friday, benefiting from stronger capital markets and higher income from interests, sending its shares up about 1% in premarket

Is AI really making electricity bills higher? Here’s what the experts say

Is AI really making electricity bills higher? Here’s what the experts say

French $20 billion telecoms bid may test EU resolve

A 17 billion euro ($19.72 billion) joint bid by Bouygues Telecom, Iliad-owned Free and Orange for most of the assets of France's second-largest

Volvo Group expects North America weakness through 2026 amid freight slump

Swedish truckmaker Volvo expects trucking demand in North America to remain under pressure into next year, it said on Friday, as weak freight activity and U.S.

Japan's Ishin says 'big progress' made in coalition talks with LDP

The Japan Innovation Party and the Liberal Democratic Party made "big progress" in talks towards a possible coalition, party executives said on

Xiaomi shares post worst week in 3-1/2 years as accidents stoke EV safety concerns

Shares of Chinese EV maker Xiaomi suffered their biggest weekly loss in more than 3-1/2 years on Friday, after media reported two separate accidents involving its best-selling model

SEC says 'unclear' if proposed 3x and 5x leveraged ETFs would be approved

The U.S.

Who's winning the blame game over the shutdown? Here's what a new AP-NORC poll shows

A new poll finds most Americans see the government shutdown as a significant problem as it drags on

When you have to pay your employer money if you quit your job

When you have to pay your employer money if you quit your job

Trump claimed India had agreed to stop buying Russian oil. New Delhi says it knows nothing about it

Trump claimed India had agreed to stop buying Russian oil. New Delhi says it knows nothing about it

Hermes designer Veronique Nichanian to depart after 37 years

Veronique Nichanian, artistic director of menswear styles at Hermes , is departing after 37 years at the brand, Hermes confirmed on Friday.

Europe's patchwork of regulations is holding investors back, says German banking head

International investors have shown renewed interest in Germany at this week's IMF meetings in Washington, but Europe's fragmented

Tariff rollercoaster prompts Chinese exporters to 'give up' on US

Amid the chaos of erratic U.S. tariff announcements, Chinese exporters making everything from kitchen appliances to Halloween decorations

Coca-Cola considers $1 billion IPO of Indian bottling unit, Bloomberg News reports

Coca-Cola is considering taking its Indian bottling unit public in a deal that may fetch $1 billion, Bloomberg News reported on Friday, citing people familiar with the matter.

Ford to recall nearly 625,000 US vehicles over camera display, seatbelt issues

Ford is recalling nearly 625,000 vehicles in the U.S. due to seatbelt and rear-view camera display problems, the U.S. National Highway Traffic Safety Administration said on Friday.

BOJ to raise rates if economy aligns with forecasts, deputy governor says

The Bank of Japan will continue raising interest rates if economic and price developments move in line with its forecasts, BOJ Deputy Governor

In China, global companies struggle as home-grown brands steal thunder

For many companies, business in China has changed for the long term as a fragile economy and sluggish consumer

Japan's fractured politics could ensnarl Takaichi's economic plans

After a wild week, Sanae Takaichi may have found the political support she needs to become Japan's next prime minister - but the new

China expected to keep benchmark lending rates steady despite renewed Sino-US tensions

China is expected to keep benchmark lending rates steady for the fifth consecutive month in October on Monday, a Reuters survey showed, as policymakers remain cautious despite a

English winemakers hope for export boost as they toast warmest summer

English winemakers are betting that surging exports can sustain their once novelty product after domestic sales growth slowed,

As Russia pounds Ukraine's power supply, one nursery battles to provide food and warmth

Ukrainian cook Natalia Meshok leaves home at 2 a.m. for the nursery where she works, using night-time hours when power supply is more or less stable to

What's in Nestle's sprawling food empire as new CEO wields axe?

Nestle's new CEO Philipp Navratil has started with a bang, announcing 16,000 job cuts and a portfolio review that could see brands sold or partnered off as the

US says India halves Russian oil imports, sources say no cuts seen

India has halved its purchases of Russian oil, a White House official said, but Indian sources said no immediate reduction had been

Add credit risk to a bubble, and stand well back

A look at the day ahead in European and global markets from Stella Qiu It was already a troubling set-up for stocks, with valuations stretched, the whiff of an AI bubble, a shut U.S. government and

Japan's core inflation likely re-accelerated in September: Reuters poll

Japan's core inflation likely accelerated in September for the first time in four months on continued increases in living costs, a Reuters poll showed, adding to pressure on the

Indian refiners make rare purchases of Guyanese grades, sources say

Two Indian refiners have bought 4 million barrels of Guyanese crude oil from U.S. major Exxon Mobil to be delivered at the end of 2025 or

BYD makes largest recall of over 115,000 cars due to design, battery issues

Chinese car maker BYD will make its largest recall yet of more than 115,000 Tang series and Yuan Pro vehicles produced between 2015 and 2022 due to design defects and battery-

New Zealand reimposes sanctions on Iran over nuclear non-compliance

New  Zealand is reimposing sanctions on Iran due to concerns about Iran's non-compliance with its nuclear obligations, Foreign Minister Winston Peters said in a

AI boom rippling across to Britain's pound, Swedish crown

The boom in investment in artificial intelligence is starting to be felt for the first time in currency markets across Europe, and analysts reckon the Swedish crown

Trump claims India will stop buying Russian oil, escalating pressure on Moscow over Ukraine war

President Donald Trump says Indian Prime Minister Narendra Modi has personally assured him that India will stop buying Russian oil

Diesel brand owner OTB is positive on China and in no rush to IPO

OTB Group, the parent of Italian denim specialist Diesel and owner of luxury brands including Maison Margiela, is positive on the Chinese market and is investing more

Banks in talks with US Treasury to lend $20 billion to Argentina, Semafor reports

Banks including JPMorgan, Bank of America, Goldman Sachs and Citigroup are in talks with the U.S.

'Gen Z' protesters lead global wave of generational discontent

A new wave of protests is unfolding worldwide, driven by young people expressing discontent with their governments

White House announces IVF drug pricing deal for ‘TrumpRx’ site

White House announces IVF drug pricing deal for ‘TrumpRx’ site

Singapore's September exports rise 6.9% y/y, much stronger than forecast

Singapore's non-oil domestic exports rose 6.9% in September from the same month a year earlier, government data showed on Friday,  led by a sharp rise in electronics shipments.

Automaker group warns Nexperia chip supply issue could quickly disrupt US production

A group representing major automakers warned late on Thursday that a chip disruption stemming from a dispute between China and the Dutch government could quickly impact U.S. auto

US, Brazil say they aim for Trump-Lula meeting as soon as possible

U.S. and Brazilian officials held trade talks on Thursday that the two sides called positive and agreed to work to schedule a meeting between President Donald Trump and his

Fed's Kashkari: Economy may not be slowing as much as we think

Minneapolis Federal Reserve President Neel Kashkari said Thursday he does not think that there is a big chance the labor market will weaken sharply or inflation will surge,

ICE, Border Patrol agents to receive pay during government shutdown

U.S.

Homeland Security says Marine's father who was deported had faced domestic violence, assault charges

The Department of Homeland Security says the father of a Marine arrested by immigration authorities when visiting his pregnant daughter at Camp Pendleton has a criminal record that includes charges of domestic violence and aggravated assault with a deadly weapon

Political crisis in France eases for now as prime minister survives no-confidence vote

France’s latest political crisis has eased, for now

Russian barrage causes blackouts in Ukraine as Zelenskyy seeks Trump's help

Russia has launched a heavy bombardment on Ukraine's energy facilities, using hundreds of drones and dozens of missiles

Trump says his administration is working on lowering beef prices

U.S. President Donald Trump said on Friday that his administration was working to lower the price of beef in the country.

Meta set to clinch nearly $30 billion financing deal for Louisiana data center site, Bloomberg News reports

Meta Platforms was set to seal an almost $30 billion finance package for its data center site in rural Louisiana, which would be the largest private capital deal on record, Bloomberg News

US weekly jobless claims decline, JPMorgan and Goldman Sachs estimate

The number of Americans filing new applications for jobless benefits fell last week, economists at JPMorgan and Goldman Sachs estimated on Thursday, but

Israel, Hamas trade blame over truce violations amid delay in return of dead hostages

Israel said on Thursday it was preparing for the reopening of Gaza's Rafah crossing with Egypt to let Palestinians in and out, but

The Latest: Indicted ex-Trump adviser John Bolton accused of sharing 1K+ docs on government info

Former Trump administration national security adviser John Bolton has been charged in a federal investigation into the potential mishandling of classified information

Venezuela floated a plan for Maduro to slowly give up power, but was rejected by US, AP source says

Venezuelan government officials floated a plan in which President Nicolás Maduro would eventually leave office, a bid aimed at easing mounting U.S. pressure on the government in Caracas

The Trump administration focuses its attention on Venezuela and Maduro

The Trump administration focuses its attention on Venezuela and Maduro

Britain's Smiths Group to sell interconnect unit to Koch's Molex in $1.75 billion deal

Smiths Group said on Thursday it will sell its interconnect unit to U.S. electronic components maker Molex Electronic in a deal valued at 1.3 billion pounds ($1.75 billion), after facing

Regionals spoil the banking party

Making sense of the forces driving global marketsBy Alden Bentley, Editor in Charge, Americas Finance and Markets        Jamie is enjoying some well-deserved time-

Morocco will prioritize health, education spending in 2026 budget, finance minister says

Morocco will adjust its upcoming budget to prioritize spending on health and education as well as allocate some additional funds to reduce regional

Oracle expects cloud sales of $166 billion by 2030 as business expands

Oracle said on Thursday it expects cloud infrastructure revenue to grow to $166 billion in fiscal 2030, which would make up nearly 75% of its

Spirit Airlines to furlough another 365 pilots in restructuring

Spirit Airlines on Thursday said it will furlough 365 pilots and downgrade the status of up to 170 pilots in the first quarter of 2026 as it makes larger cuts

US rejects bid to lease coal from public lands in Utah as sales in western states fall flat

U.S. officials have rejected a mining company’s bid for more than 6 million tons of coal beneath a national forest in Utah

Guyana's parliament would not provide immunity to opposition leader Mohamed, VP says

Serving in Guyana's parliament would not provide immunity to opposition leader and mining businessman Azruddin Mohamed, following an indictment by a Florida court, the country's

Dollar dented by simmering trade tensions, rate cut bets

The U.S. dollar fell, on track for a third consecutive session of losses against major currencies including the euro, yen and Swiss franc on

Bank of Japan chief signals need for more data in deciding October move

Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will scrutinise various data, including information he collects during his stay in Washington,

CSX beats quarterly estimates on higher intermodal volumes, merchandise pricing

CSX reported third-quarter profit and revenue above Wall Street estimates on Thursday as improving intermodal volumes and higher pricing in merchandise helped offset the impact from lower

JPMorgan CEO says company looking at Europe, Latin America banks

JPMorgan Chase CEO Jamie Dimon said on Thursday the largest U.S. lender was looking at banks in Europe and Latin America, without giving further details, but a spokesperson later

Trump, Merck KGaA announce deal to cut some IVF drug prices

U.S.

Trump officials back firm in fight over California offshore oil drilling after huge spill

One of California’s worst oil spills occurred off the Santa Barbara coast in 2015, when a corroded pipeline burst

CSX profit falls 22% but investors focus on the direction the new CEO will take the railroad

Investors looked past a 22% drop in CSX’s third quarter earnings Thursday and focused on the direction the railroad's new CEO might take it and the possibility of any strategic deals

Student-built planes earn FAA certification in North Idaho

Student-built planes earn FAA certification in North Idaho

US prosecutors charge Smartmatic in alleged $1M Philippines bribery case

Federal prosecutors have charged voting technology firm Smartmatic with money laundering and other crimes arising from more than $1 million in bribes several executives allegedly paid to election officials in the Philippines

Trump announces a deal with a manufacturer to make a common fertility drug cheaper for IVF patients

Drugmaker EMD Serono has agreed to lower the cost of a common fertility medication through a deal with the Trump administration

Trump says he'll meet with Putin in Hungary. He first meets Friday with Zelenskyy at the White House

President Donald Trump has announced plans to meet with Russia's Vladimir Putin to discuss ending the war in Ukraine

Officials airlift evacuees to safety after the remnants of Typhoon Halong devastate Alaska villages

Officials in Alaska are rushing to find housing for people from tiny coastal villages devastated by the remnants of Typhoon Halong

Senate Democrats, holding out for health care, reject government funding bill for 10th time

Senate Democrats are rejecting for the 10th time a stopgap spending bill that would reopen the government

Kremlin says Rubio and Lavrov to speak in coming days to prepare Putin-Trump summit

U.S.

Harvard endowment swells to nearly $57 billion, donations reach a record

The value of Harvard University's endowment, the world's largest among universities, grew by nearly $4 billion to $56.9 billion in fiscal 2025 on the back of

G20 vows to keep focus on developing countries' debt issues

The Group of 20 major economies, led this year by South Africa, said on Thursday the risk of a systemic debt crisis appears to be broadly contained, but many

US energy prices to spike on Trump's axing of grants, senator says

The Trump administration's plans to cancel nearly $8 billion in Energy Department grants are illegal because contracts had already been signed and will cause

United Airlines sees US shutdown as risk to travel confidence

United Airlines Scott Kirby warned on Thursday that an extended government shutdown risks taking a toll on airline bookings as well as flight operations.

Major US business group sues over Trump's $100,000 H-1B visa fee

The largest U.S. business lobbying group filed a lawsuit on Thursday challenging President Donald Trump's $100,000 fee on new H-1B visas for highly skilled foreign

States sue to stop Trump cancellation of $7 billion solar grant program

Nearly two dozen states are suing the Trump administration over its cancellation of a $7 billion grant program aimed at expanding solar energy in low-income communities, according to court

Oil drops 1%, settles at 5-month lows as Trump-Putin summit looms

Oil prices fell more than 1% on Thursday after U.S.

Wall Street ends down; Zions sparks worries about regional banks

Wall Street closed lower on Thursday, with signs of weakness in regional banks spooking investors already on edge over U.S.-China trade tensions.

US stocks drop on worries about banks

U.S. stocks slumped after another turbulent day of trading

US stocks pulled lower by financials; gold hits record highs

Wall Street stocks ended lower while gold prices surged on Thursday as declining financial shares and simmering trade tensions between the United States and China

US appeals court rejects Trump bid to deploy National Guard in Illinois for now

A federal appeals court on Thursday rejected the Trump administration’s request to pause a lower court ruling that temporarily blocks the deployment of National

Stocks sink on concerns about regional bank loans

Stocks sink on concerns about regional bank loans

California to begin selling affordable state-branded insulin beginning next year

Gov. Gavin Newsom says California will begin selling affordable insulin under its own label on Jan. 1, nearly three years after he first announced a partnership to sell state-branded generic drugs at lower prices

Energy Department offers $1.6 billion loan guarantee to upgrade transmission lines across Midwest

The Department of Energy says it has finalized a $1.6 billion loan guarantee to a subsidiary of one of the nation’s largest power companies to upgrade nearly 5,000 miles of transmission lines across five states, mostly in the Midwest, for largely fossil fuel-run energy

Canadians set aside contempt for tariffs and Trump rhetoric for the love of the Toronto Blue Jays

Many Canadians have been boycotting the U.S. since the Trump administration started threating Canada’s economy and sovereignty with tariffs and heated political rhetoric

Microsoft: Russia, China increasingly using AI to escalate cyberattacks on the US

Russia, China, Iran and North Korea are using artificial intelligence to improve their cyberattacks on U.S. companies, governments and individuals, according to new research from Microsoft

CNN breaks down the AOC-Sanders town hall

CNN's Kaitlan Collins explains the key takeaways from the latest town hall with Sen. Bernie Sanders (I-VT) and Rep. Alexandria Ocasio-Cortez (D-NY), which highlighted the deep divide between Republicans and Democrats over reopening the federal government.

Obesity remains high in the US, but more states are showing progress, a new report finds

For the first time in more than a decade, the number of states with rates of obesity of 35% or more has dropped

Insurance tech firm Exzeo eyes $2 billion valuation in US IPO

Insurance technology firm Exzeo Group said on Thursday it was targeting a valuation of up to $2 billion in its U.S. initial public offering, becoming the latest

IKEA sales fall for second year as retailer makes aggressive price-cutting push

IKEA's annual sales fell for a second consecutive year, it reported on Thursday, as the budget furniture retailer stuck to a strategy

After Putin summit, Trump changed his mind on supporting Ukraine’s strikes on Russian energy targets, sources say

After Putin summit, Trump changed his mind on supporting Ukraine’s strikes on Russian energy targets, sources say

‘The communication culture sucks’: Republicans on Capitol Hill in the dark on Trump administration decisions during shutdown

‘The communication culture sucks’: Republicans on Capitol Hill in the dark on Trump administration decisions during shutdown

Trump details decision to authorize CIA to operate in Venezuela

President Donald Trump said today he authorized the CIA to operate inside Venezuela to clamp down on illegal flows of migrants and drugs from the South American nation, but stopped short of saying they would have authority to remove President Nicolas Maduro.

Carney expects to meet senior China leaders, sidesteps question on tariffs

Prime Minister Mark Carney on Thursday said he expected to meet senior Chinese leaders soon but sidestepped a question about dropping tariffs on Chinese electric vehicles in exchange

Bank of England's Mann says UK job market weaker, not falling off cliff

Britain's labour market is weakening, but not at so sharp a rate that it requires the Bank of England to cut interest rates further, BoE policymaker Catherine Mann said on

S&P Global strikes $1.8 billion deal for private markets firm With Intelligence (Oct 15)

S&P Global has agreed to buy private markets data provider With

EA's latest 'Battlefield 6' sells over seven million copies during opening three days

Electronic Arts' "Battlefield 6" has hit all-time highs for franchise sales during the first three days of its launch, selling over seven million copies, the video game publisher said on

Boeing's striking union files unfair labor practice charge against planemaker

A union representing more than 3,200 striking workers of Boeing said on Thursday it has filed an unfair labor practice charge against the U.S. planemaker with the National Labor Relations

Bank of Japan must tread carefully in normalizing policy, central bank official says

The Bank of Japan must be careful when normalizing monetary policy due to uncertainty about how the economy would react to a new environment of positive interest

Kraken signs $100 million deal for Small Exchange to bulk up US derivatives business

Crypto heavyweight Kraken said on Thursday it has acquired futures exchange Small Exchange from IG Group for $100 million, paving the way to launch a fully U.S.-based

EssilorLuxottica sales boosted by Meta AI glasses

Ray-Ban maker EssilorLuxottica posted record third-quarter sales on Thursday and said it would accelerate production capacity for its booming smart glasses business.

US budget deficit falls $41 billion to $1.775 trillion in fiscal 2025

The U.S. budget deficit shrank by $41 billion to $1.775 trillion in the 2025 fiscal year, despite a $118 billion increase in revenues from President Donald

China blames US for global panic over rare earths controls

China on Thursday accused the U.S. of stoking panic over its rare earth controls and said Treasury Secretary Scott Bessent had made "grossly distorted" remarks about a

Swiss Army Knife maker tries new tools to blunt Trump tariff blow

Swiss Army Knife maker Victorinox is trying to hold down its U.S. prices, while exploring new markets, as it experiments with new tools to navigate

Judge blocks Trump cuts, restores $34 million in anti-terror funds for New York City transit system

A federal judge has permanently blocked the Trump administration from withholding nearly $34 million in funding earmarked to protect New York’s transportation system from terrorist attacks

India seeks to import more US oil and gas under pressure from Trump to stop Russian oil purchases

India is looking to increase its purchases of crude oil and natural gas from the U.S. as it diversifies its energy supplies following criticism by U.S. President Donald Trump over its imports of discounted Russian oil

IMF highlights risks of domestic borrowing in sub-Saharan Africa

Sub-Saharan African governments are paying more to borrow at home than abroad as they turn increasingly to domestic banks to

CNN's all-access subscription tier will launch on October 28 at $6.99 per month

CNN is taking another shot at streaming with a $6.99-a-month subscription service that will launch on October 28, three years after its parent Warner Bros Discovery pulled the plug on the

China says US restrictive measures undermine trade talk atmosphere

China's commerce minister, Wang Wentao, said "intensive U.S. restrictive measures" rolled out after talks in Madrid in September seriously harmed China's interests and undermined

IMF official urges China to shift fiscal focus away from industrial policy

China has scope to ramp up fiscal stimulus, but should shift the focus of spending away from industrial policy and toward steps to boost consumption, a senior

Dollar falls against yen and euro with trade dispute, rate outlook in focus

The U.S. dollar was on track for a third consecutive session of losses against major currencies including the euro, yen and Swiss franc on

IMF's Georgieva urges more scrutiny of non-bank lenders

The International Monetary Fund is urging countries to pay more attention to risks that may be building in non-bank lending markets after the collapse of two U.S.

Insurer Travelers misses revenue estimates on slower commercial property growth

Insurance bellwether Travelers Companies third-quarter revenue missed Wall Street expectations on Thursday, as the company's focus on underwriting discipline slowed growth in large

IMF upgrades Asia's growth forecast, warns of risks from US-China tension

The International Monetary Fund revised up Asia's economic growth forecast on Thursday, but warned that renewed escalation in U.S.-China tensions could deal a

US homebuilder sentiment hits 6-month high; economy uncertainty clouds housing outlook

U.S. homebuilder sentiment jumped to a six-month high in October amid hopes that declining mortgage rates would stimulate demand for housing and help reduce an

ECB must not overengineer policy on small inflation deviations, Kocher says

The European Central Bank should keep interest rates steady as long as inflation is close to 2% and should not try to overengineer policy in case of small deviations from its

French stocks jump to seven-month high after government survives confidence vote

French stocks rose to a seven-month high on Thursday after the government survived a confidence vote, while a jump in Nestle buoyed the wider European

G20 risk watchdog warns of 'significant gaps' in global crypto rules

There are "significant gaps" in countries' attempts to regulate fast-growing crypto markets, which could potentially harm financial

Critical mineral firms boost Washington lobbying as US expands investments

Critical mineral companies are boosting lobbying efforts in Washington, hoping to share in the ambitious investments that U.S.

Russian air attacks hit Ukraine's gas sector, force Kyiv to import more gas

Russian attacks have forced Ukraine to suspend activities at several major gas facilities this month, the state energy company said on Thursday

Would Alexandria Ocasio-Cortez work with Marjorie Taylor Greene on health care?

Democratic Rep. Alexandria Ocasio-Cortez tells CNN's Kaitlan Collins that she would work with Rep. Marjorie Taylor Greene if the Republican congresswoman wants to support bipartisan legislation on health care.

Man sentenced to 25 years in connection with 6-year-old’s death in KCK

Man sentenced to 25 years in connection with 6-year-old’s death in KCK

Trump signs order to pay troops during US government shutdown

U.S.

Food assistance is safe through October, but it may be at risk if the shutdown continues

About 40 million people could see food assistance disappear next month if the federal government shutdown continues

Lyft to open Toronto tech hub, deepening push beyond US market

Lyft plans to open a new technology hub in downtown Toronto in the second half of next year, making the city its second-largest tech center after San Francisco, the ride-

US mid-Atlantic manufacturing contracts in October; price measures increase

Factory activity in the U.S. mid-Atlantic region unexpectedly contracted in October, and more manufacturers reported paying and receiving higher prices for inputs and their goods

US broker Schwab clinches record profit on client assets, trading strength

U.S. brokerage firm Charles Schwab beat third-quarter profit expectations on Thursday as client assets hit a new record and trading revenue soared.

TD Bank taps industry veterans for general counsel, finance head roles to bolster US team

Toronto Dominion Bank on Thursday named industry veterans Brian Callanan as U.S. general counsel and Andre Ramos as U.S. finance head in the Canadian lender's latest push for a stronger

Fed policymakers' focus on tariffs makes central bank seem political: Miran

To safeguard their critically important monetary policy independence, Federal Reserve policymakers must take an "all-or-nothing" approach to talking about the Trump administration's

Brazil interest rates must stay on hold until data converge, says cenbank director

Brazil's central bank monetary policy director Nilton David said on Thursday that policymakers believe interest rates should remain at 15% for a very prolonged period until they are

North America's LNG export capacity could more than double by 2029, EIA says

Liquefied natural gas exporters in the U.S. have announced plans to more than double U.S. liquefaction capacity, adding an estimated 13.9 billion cubic feet per day (Bcf/d) by 2029, the U.S

G7 agrees to keep united front on China export controls, diversify suppliers

Group of Seven finance ministers agreed to keep a united front and coordinate their short-term response to China's export controls on rare earths and to diversify suppliers,

Why Europe can't face its pension black hole

France's political standoff shows how European governments, caught between the demands of their ageing electorates and the need to keep spending in check, keep

US, UK ramp up pressure on India, China to cut Russian oil imports

Western powers have ramped up pressure on Russia's oil sales amid its war with Ukraine as U.S.

Yogurt maker Chobani raises $650 million in latest funding round

Chobani has raised $650 million in its latest funding round, the company said on Thursday, as the yogurt maker looks to fund its plant expansion plans in the United States.

Fed's Miran says he is not focused on asset price boom in push for lower rates

Federal Reserve Governor Stephen Miran on Thursday said he was not concerned that easing monetary policy risks further inflating historically -- and in some

US retailers brace for impact as Trump's 100% China tariffs loom (Oct 13)

U.S.

IMF's Georgieva urges countries to keep trade as engine of growth

International Monetary Fund chief Kristalina Georgieva on Thursday urged member countries to keep trade as an engine of growth for the world

US is working on doubling aid to Argentina to $40 billion by tapping private funding sources

The Trump administration is looking to provide an additional $20 billion in financing for Argentina

The EU unveils a plan to be ready within 5 years to fend off any Russian attack

The European Union has unveiled a plan aimed at ensuring that Europe can defend itself against outside attack by the end of the decade

Trump's push for law and order shows he's no longer encumbered by government guardrails

President Donald Trump is embracing tough-on-crime policies in his second term

Top South Korean official expresses optimism about US tariff talks, fuelling stock rally

South Korea's chief presidential policy adviser said on Thursday he was "optimistic" about talks to finalise a trade deal with the U.S., the latest remark by an official

Key points for investors in Ivory Coast's presidential election

Ivory Coast, the world's top cocoa producer, will vote in a presidential election on October 25 with incumbent Alassane Ouattara widely expected to secure a fourth

Argentina likely to widen peso's trading band after elections, investors say

Argentina will likely shift its foreign exchange policy to allow for a weaker peso after midterm elections this month, with analysts and investors warning that

Canadian home sales decline 1.7% in September

Canadian home sales fell 1.7% in September from August, ending a string of increases that began in April, data from the Canadian Real Estate Association showed on

UK lenders expect demand for mortgage and consumer credit to flatten

British lenders expect to see unchanged demand for mortgages in the last three months of 2025, according to a Bank of England survey published on Thursday that added to other signs

German insurer Munich Re warns of riot risk in slower-growth Europe

Tepid economic growth in Europe could result in a growing risk of civil unrest, a top executive with the German insurer Munich Re said on Thursday.

Pope Leo slams 'ethical derailment' of continued world hunger

Pope Leo made an urgent plea on Thursday for global leaders to end world hunger, saying in a speech to a United Nations agency that allowing millions to go

Mapping the scale of beleaguered First Brands' debts and its creditors

Auto parts maker First Brands' bankruptcy has sent ripples through credit markets in recent weeks, casting a spotlight on the exposure of some of the world's top financial

In Louisiana voting case, US Supreme Court ponders a 'colorblind' Constitution

In deciding a major case examining the racial composition of electoral districts in Louisiana, U.S.

Cost-cutting vs status quo: bidders envision starkly different futures for Citgo, sources say

An affiliate of Elliott Investment Management wants to cut costs at Venezuela-owned Citgo Petroleum while a unit of Gold Reserve would

Hungary working 'full steam' on $1.6 billion pension top-up, Orban says

Hungary's Prime Minister Viktor Orban on Thursday said his government was working "full steam" on a pension top-up, which could cost around $1.6 billion,

Japan's Takaichi woos right-leaning party to secure premiership

Sanae Takaichi, the newly-elected head of Japan's ruling Liberal Democratic Party, held talks about a possible coalition with leaders of the

Macron's legacy evaporates as France's political and fiscal woes mount

In a 2018 interview with Fox News ahead of his first state visit to the United States, a fresh-faced President Emmanuel Macron was asked whether he might back down on

Salesforce jumps as $60 billion forecast eases revenue growth concerns

Salesforce shares jumped more than 6% in premarket trading on Thursday, after the company forecast faster revenue growth in the coming years, easing concerns that AI tools were eroding

Bolivia's Rodrigo Paz seeks to appeal to disillusioned voters in election runoff

Bolivian Senator Rodrigo Paz is seeking to build on his surprise first-round lead as he prepares to face conservative rival Jorge "Tuto"

Bolivia's Quiroga promises 'dramatic' economic change if he wins election runoff

Conservative former president Jorge "Tuto" Quiroga is banking on a bold economic rescue plan to win Bolivia's October 19 presidential runoff,

BNY quarterly profit boosted by higher interest, fees

BNY reported a 21% jump in third-quarter profit on Thursday, as the world's largest custodian bank earned higher interest and fees on its services, while soaring equity markets boosted the

China's retailers extend Singles' Day to five weeks to revive spending

Chinese retailers are stretching their annual "Singles' Day" sales bonanza to as long as five weeks this year, as the likes of Alibaba and JD.com try to

AI fizzes and banks are buoyant

By Mike Dolan What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets A combination of ongoing optimism over the AI boom, impressive U.S. bank earnings and an

Fed's Miran: Growth next year could hinge on how U.S.-China tensions are resolved - Fox Business

U.S. Federal Reserve Governor Stephen Miran said economic growth for the coming year could turn on whether the escalating risks around U.S.-China trade are realized or defused.

FX reserve managers react to, not drive dollar moves, StanChart says

Reserve managers tend to buy the dollar when it weakens and sell when it rises, suggesting they might play a lesser role in driving the greenback than private

Fed's Waller: Available data show ongoing labor weakness, bolstering rate cut case

Data available even in the absence of delayed U.S. government employment reports tells a consistent story of weak hiring, bolstering the need for the Federal Reserve to cut rates

Bank of Israel in no rush to lower interest rates despite Gaza deal, official says

Israel's central bank should not rush to cut interest rates in response to the Gaza ceasefire and last month's inflation dip as the economy is doing well and

Trump diverts anti-terror funds from Democratic strongholds to Republican states

The Trump administration plans to shift terrorism prevention funding from Democratic-led states toward those led by Republicans, government

Brazil's economic activity rises less than expected in August

Brazil's economic activity increased less than expected in August, central bank data showed on Thursday, as a growing chorus of economists anticipate a sharper slowdown ahead amid

Greece adopts law extending working hours despite protests

Greece's parliament approved a bill on Thursday allowing private sector employers to extend working hours despite protests from workers

Fed's Barkin: Consumers are spending, but not as flush as in pandemic years

Consumers continue to spend given low unemployment and wage gains, but are more constrained than during the pandemic years, Richmond Fed president Thomas Barkin said on Thursday.

UK's Reeves says she would like a bigger fiscal buffer but that means trade-offs

British finance minister Rachel Reeves said on Thursday she would like to have a bigger fiscal buffer to cope with volatile global markets but creating one in

French PM faces fraught budget talks after surviving no-confidence votes

French Prime Minister Sebastien Lecornu survived two no-confidence votes in parliament on Thursday, winning a temporary reprieve for

Chip stocks rise after TSMC's rosy outlook on strong AI demand

Semiconductor stocks advanced on Thursday after top contract chipmaker TSMC issued a rosy forecast, fanning optimism about demand for artificial intelligence infrastructure in a week of

UK's bid to woo China faces backlash over spying claims and slim economic gains

British Prime Minister Keir Starmer's attempts to improve ties with China leave him open to criticism at home that he is

Fossil shares tank as struggling watchmaker extends deadline for debt exchange

Shares of U.S. watchmaker Fossil tumbled 31.5% in morning trading on Thursday, after the company, which has been restructuring its debt, announced plans to extend the deadline to exchange

Flare-up in US-China trade tensions poses a big risk to Thailand's growth, deputy central bank governor says

The fresh flare-up in trade tensions between the United States and

UN agency says 13.7 million people face severe hunger due to global aid cuts

Almost 14 million people in countries including Afghanistan, Democratic Republic of Congo, Haiti, Somalia, South Sudan and Sudan, risk severe hunger due to cuts in global humanitarian

Embattled French Prime Minister Sébastien Lecornu survives no-confidence votes in Parliament

French Prime Minister Sébastien Lecornu has survived two votes of no-confidence that could have toppled his fragile new government

Nestlé cuts 16,000 jobs as part of an intensifying cost-cutting campaign

Nestlé is cutting 16,000 globally as the Swiss food giant looks to trim costs and continue with its turnaround efforts

Authorities identify remains of 14 of 16 victims in Tennessee explosion

Authorities say they have identified the remains of 14 of the 16 people killed last week in a massive blast at a Tennessee explosives plant

South Africa welcomes $115M US bridge plan to sustain its HIV programs for 6 months

South Africa has welcomed a U.S. bridging plan worth $115 million to continue funding HIV treatment and prevention programs until the end of March

Colleges are fighting to prove their return on investment

For many young Americans, deciding on college has become a complex choice

Career experts say asking for a raise isn't off the table in a tough job market

The U.S. is experiencing a significant hiring slowdown

Salesforce forecasts stronger-than-expected revenue of over $60 billion in 2030

Salesforce expects revenue of more than $60 billion in 2030, above Wall Street estimates, as the company rapidly rolls out AI features across its cloud services.

UK's Reeves should go big on tax increases in November, think tank says

British finance minister Rachel Reeves should raise taxes by a lot in next month's budget to exit the "Groundhog Day scenario" of continuously having to find measures to patch up the

IMF chief plans to travel to Ukraine, IMF spokesperson says

International Monetary Fund chief Kristalina Georgieva intends to visit Ukraine at a time that has not yet been determined, an IMF spokesperson said on Wednesday.

Milei says Argentina, US in talks over trade deal

Argentina's government is in talks with the United States over a potential agreement that would grant the South American country trade advantages, President Javier Milei said

Japan August machinery orders fall 0.9% on-month, worse than forecast

Japan's core machinery orders fell 0.9% in August from the previous month, government data showed on Thursday.

US may seek more stakes in strategic companies to counter China, Bessent says

The Trump administration will seek to tighten control over strategic sectors by taking more equity stakes in key companies to counter China's economic policies

Samsung Electronics shares hit record high

Shares of South Korean chipmaker Samsung Electronics rose as much as 2% on Thursday to an all-time high on investor optimism surrounding the semiconductor industry.

Japan urges G7 to stay vigilant to excessive FX volatility

Japan told its G7 counterparts that policymakers must be vigilant against excessively volatile and disorderly moves in the currency market, Finance Minister

Trump says Modi assured him India will stop buying Russian oil

U.S.

Bessent says US expects Japan to stop buying Russian energy

U.S.

Pentagon journalists vacate workspace as new restrictions take effect

Dozens of journalists who cover the U.S.

News overload splits markets

A look at the day ahead in European and global markets from Kevin Buckland With this much newsflow, it's hard for investors to know where to look.

Economic reforms needed to foster Mittelstand investment, German banks group head says

Germany's Mittelstand could invest much more but is hesitating because reforms to strengthen the country as a business location are still lacking, the

ECB should only cut rates further if new shocks hit, Dolenc says

The European Central Bank should hold interest rates steady unless new shocks hit, Slovenia's acting central bank chief said, pushing back on arguments that

Horse power: Renault-Geely engine unit speeds up as EV shift stutters

When French carmaker Renault and China's Geely carved out their combustion-engine operations in 2022, the venture looked like a

TSMC Q3 profit jumps 39.1% to record, beats expectations

TSMC, the world's largest contract chipmaker, posted a 39.1% jump in third-quarter net profit on Thursday, beating market forecasts and hitting a record as it benefited from surging

India's Modi faces tough Bihar state election; voters angry over unemployment, distrust electoral rolls

Indian Prime Minister Narendra Modi’s national alliance faces a tough regional election in the state of Bihar next month, due to youth unemployment and distrust over voter

Hawkish Bank of Japan policymaker calls for more rate hikes

The Bank of Japan should lift interest rates closer to levels deemed neutral to the economy given mounting inflationary pressures,

Investors call for greater disclosure in Toyota's buyout of group company

Global investors have called on Toyota Motor to provide more disclosure about its planned buyout of group firm Toyota Industries, criticising what they

UK economy returns to growth, but only just, as Reeves plans budget

Britain's economy returned to growth in August when it expanded by a marginal 0.1% from July, official data showed on Thursday, offering a little bit of relief

Australia's Treasury Wine chair grilled by shareholders but comfortably re-elected

Treasury Wine Estates shareholders grilled Chairman John Mullen over the Australian winemaker's poor performance,

Motorcycle taxi drivers of Cameroon's Douala long for jobs and escape

Zakiyaou Mohamed awoke from yet another night of fitful sleep atop his motorcycle in Cameroon's economic capital Douala and

Australian unemployment hits 4-year high, rate cut back in play

Australia's unemployment rate spiked unexpectedly to a near four-year high in September as more people went looking for work, a weak result that revived hopes for more

Merz to advocate use of frozen Russian assets at EU summit

German Chancellor Friedrich Merz said on Thursday he would call for the European Union to use Russian assets frozen in the West to provide a 140 billion euro ($163 billion) loan to

China's GDP growth set to dip, raising pressure for more stimulus: Reuters poll

China's economy likely grew at its weakest pace in a year in the third quarter, with the slowdown set to deepen and threaten the official growth target, a Reuters poll

Israel says preparations to open Rafah crossing underway with Egypt, date to be announced later

Israel’s military aid agency COGAT said on Thursday preparations are ongoing with Egypt to open the major Rafah border crossing with Gaza for the movement of people, with the date

Nestle to cut 16,000 jobs as new CEO ignites 'turnaround fire'

Nestle will cut 16,000 jobs, new CEO Philipp Navratil said on Thursday, as the world's largest packaged food company seeks to cut costs and win back investor

Little cheer for Pernod as US, Chinese quarterly sales slide

French spirits maker Pernod Ricard endured steep declines in all but one of its key markets in the first quarter, it said on Thursday, as global

Korean top court partially overturns SK Group chairman's near $1 billion divorce settlement

South Korea's Supreme Court on Thursday sent SK Group Chairman Chey Tae-won's high-profile divorce case, which required him to pay a record settlement,

AI data centre boom spurs robot maker ABB's US sales

Swiss engineering company ABB said it is seeing strong customer demand, particularly from a surge in new data centres being built in the U.S. to process artificial

UK sanctions Russia's Lukoil and Rosneft, targets shadow fleet

Britain targeted Russia's two largest oil companies, Lukoil and Rosneft, and 44 shadow fleet tankers on Wednesday in what it described as a new bid to

TSMC raises revenue forecast on bullish outlook for AI megatrend

TSMC, the world's biggest producer of advanced chips, raised its full-year revenue forecast on Thursday on a bullish outlook for spending

Canadian housing starts rise 14% in September -CMHC

Canadian housing starts rose 14% in September compared with the previous month, a sharper increase than expected, data from the national housing agency showed on Thursday.

Denver study shows removing parking requirements results in more affordable housing being built

Structured parking can cost as much as $50,000 per space, making housing more expensive to build and for those living there.

FEMA buyouts vs. risky real estate: New maps reveal post-flood migration patterns across the US

In general, people are moving to safer homes after disasters, but the vast majority are selling, meaning someone else is now taking on that risk. Buyout programs can help.

Why countries struggle to quit fossil fuels, despite higher costs and 30 years of climate talks and treaties

The International Energy Agency expects global renewable energy capacity to double by 2030, even with lower growth in the US, but fossil fuels still dominate.

World’s largest food company is cutting 16,000 jobs due partly to automation

World’s largest food company is cutting 16,000 jobs due partly to automation

As the shutdown drags on, these people will lose if health care subsidies expire

Millions of Americans with Affordable Care Act marketplace health insurance will face higher costs next year if Congress doesn't extend enhanced premium tax credits that have made the plans more affordable

Federal government to withhold $40M from California for not enforcing trucker English requirements

Transportation Secretary Sean Duffy says he will withhold $40 million from California because it is the only state that is failing to enforce English language requirements for truckers

Last paychecks and new side hustles: Government workers’ TikToks show shutdown life

Last paychecks and new side hustles: Government workers’ TikToks show shutdown life

Why Jamie Dimon is warning of ‘cockroaches’ in the US economy

Why Jamie Dimon is warning of ‘cockroaches’ in the US economy

'You've been calling a lot!': How 2 AP reporters landed an interview with Madagascar’s coup leader

The head of an elite Madagascar military unit ousted the African island country’s president in a coup, capping weeks of youth-led protests over poverty and other issues

Mexico's Pemex and powerful union agree to 4.5% pay increase

Mexican state energy company Pemex said on Wednesday it had agreed with the powerful STPRM oil workers union on a 4.5% salary increase as part of the revision of the 2025-2027

US airline group urges end to government shutdown, citing aviation risks

The head of a U.S. airline trade group urged an end to the 15-day government shutdown, citing concerns about rising pressure faced by air traffic controllers

U.S. Bancorp forms dedicated unit for digital assets, money movement

U.S.

Airline group Abra to submit draft registration statement for US IPO

Abra Group, which controls Brazilian airline Gol and Colombia's Avianca, intends to confidentially submit a draft registration statement for a proposed initial public offering in

Canada threatens Stellantis with legal action over plan to shift output to US

Canada threatened legal action against automaker Stellantis NV on Wednesday over what Ottawa says is the company's unacceptable plan to shift production of one

US banks tap Fed repo facility as overnight rates climb, signaling funding strain

U.S. banks borrowed $6.5 billion from the Federal Reserve's Standing Repo Facility (SRF) on Wednesday, central bank data showed, and repurchase rates

MoneyLion, CFPB agree to settle Biden-era allegations of unfair charges on military personnel

The U.S.

Argentina hopes to finalize US $20 billion swap line before midterm vote

Argentina's Economy Minister Luis Caputo said he hopes to "very soon" execute a framework that will contain the terms of a $20 billion currency swap the U.S. recently

Australia central bank judging whether further easing needed, says RBA chief

Australia's top central banker said a pickup in consumer spending and higher readings on some parts of inflation had given policymakers pause to consider whether

United Airlines forecasts highest-ever quarterly revenue on travel demand boost

United Airlines forecast stronger earnings in the current quarter on Wednesday as it expects rising travel demand and improved pricing power to produce the

Australia's central bank sees signs of financial conditions loosening after rate cuts

Australia's central bank is seeing signs that financial conditions are loosening after three interest rate cuts this year and credit is readily available to households and businesses

Trading Day: Risk on, or off? It's trade vs earnings

Making sense of the forces driving global markets By Alden Bentley, Editor in Charge, Americas Finance and Markets Jamie McGeever is enjoying some well-deserved

IMF urges Bank of Japan to move 'very gradually' with rate hikes

The Bank of Japan must keep monetary policy loose and move very gradually in raising interest rates as global trade uncertainty clouds the economic outlook, a

Beta Technologies aims for $7.22 billion valuation in US IPO

Electric aircraft maker Beta Technologies said in a regulatory filing on Wednesday that it was aiming for a U.S. listing valuing the company at about $7.22 billion.

Core Scientific's board asks shareholders to vote for CoreWeave deal

Core Scientific's board urged its shareholders on Wednesday to vote for the crypto miner's proposed sale to CoreWeave as the company expects a number of benefits from the deal.

S&P 500 ends higher after strong bank earnings, chip stocks rally

The S&P 500 ended higher on Wednesday, with Morgan Stanley and Bank of America rallying after solid quarterly results, while investors remained focused on the recent

New Zealand food prices fall in September

New Zealand food prices

US energy department ends grant for American Battery's lithium hydroxide project

American Battery Technology said on Wednesday the U.S.

Goldman Sachs Asset Management's global co-head and CIO of public investing to retire in 2026, memo says

Goldman Sachs Asset Management's global co-head and chief investment officer of public investing, Ashish Shah, will retire from the partnership next year, according to a memo seen by

Trump withholds $40.6 million from California over truck driver English rules

The Trump administration said on Wednesday it was withholding $40.6 million from California in federal transportation funding for failing to comply with truck

Bank of America, BNY sued over alleged financial ties to Jeffrey Epstein

A woman who says she was abused by the late financier and sex offender Jeffrey Epstein sued Bank of America and the Bank of New York Mellon on Wednesday, alleging the

Greer, Bessent blast China's rare earths curbs, urge Beijing not to implement them

Top U.S. officials on Wednesday blasted China's major expansion of rare earth export controls as a threat to global supply chains, but said

US judge blocks Trump's plan to lay off thousands of government workers

A federal judge in California on Wednesday ordered President Donald Trump's administration to halt mass layoffs of federal workers during a partial government shutdown

US, China still committed to global debt efforts, IMF strategy chief says

Top U.S. and Chinese officials joined a meeting on Wednesday of the Global Sovereign Debt Roundtable, where a key topic was the lack of

Shutdown could cost US economy $15 billion a week, Treasury says

The two-week-old federal government shutdown may cost the U.S. economy as much as $15 billion a week in lost output, a Treasury official said

US buys more Argentine pesos, working on $20 billion debt facility, Bessent says

The U.S. again purchased Argentine pesos in the open market on Wednesday, Treasury Secretary Scott Bessent told reporters, adding that the department was working

Bessent says yen will find its own level if Bank of Japan follows 'proper' policy

U.S. Treasury Secretary Scott Bessent said on Wednesday the yen will find its own level if the Bank of Japan follows "proper monetary policy."

Hungary's Orban expects to meet Trump to discuss economic agreement, media reports

Hungarian Prime Minister Viktor Orban said late on Wednesday that he expects to meet U.S. President Donald Trump soon to discuss an economic agreement between the two countries.

Markets relieved, but France's fiscal fire still burns

France's financial markets are riding a roller-coaster, as the country grapples with one of its worst political crises in decades,

Hungary's central bank files police report over renovation of headquarters

Hungary’s central bank has filed a police report over the renovation of its headquarters, citing suspected fraud, negligence and other wrongdoing that it says caused financial harm

Israel inflation rate dips to 2.5% in September, could entice rate cuts

Israeli price pressures cooled further in September, with the annual inflation rate hitting a seven-month low of 2.5%, which combined with the end of the war in

Blackstone launches unit to channel retirement savings for private investments

Leading asset manager Blackstone has launched a unit to channel more retirement funds globally into private market investments, a potentially multi-trillion-dollar

HPE's $14 billion Juniper acquisition could face state challenge 

A group of U.S. states said they may seek to block Hewlett-Packard Enterprise's $14 billion acquisition of Juniper Networks and have asked a judge for permission to intervene

Brazil's central bank director says current interest rate should bring inflation back to target

Brazil's central bank believes that since its latest policy meeting the current level of its benchmark interest rate at 15% is sufficient to bring inflation to target, the bank's

As Brazil readies for COP30 climate talks, finance ministers offer plan for $1.3 trillion in yearly finance

A group of 35 finance ministers laid out suggestions on Wednesday for scaling climate finance to $1.3 trillion a

Global debt tops G20 agenda, South African central bank chief says

South African Reserve Bank Governor Lesetja Kganyago warned on Wednesday that rising global debt poses a risk to financial

Wall Street top banks highlight consumer resilience

Wall Street's biggest banks kicked off third-quarter earnings by highlighting the resilience of U.S. consumers and added that credit has shown no cracks so far despite higher rates and

Trump says Modi told him that India would stop importing Russian oil

Trump says Modi told him that India would stop importing Russian oil

Smucker sues Trader Joe's, saying its new PB&J sandwiches are too similar to Uncrustables

J

JPMorgan, Goldman Sachs stay in China but businesses shift

JPMorgan Chase and Goldman Sachs are sticking with their businesses in China as escalating tensions with the U.S. loom over global markets, bank executives said on

US regulators poised to offer capital relief to community banks, Bloomberg News reports

US regulators are set to release a plan to encourage small banks to lend more by easing a set of capital requirements, Bloomberg News reported on Wednesday, citing people familiar with the

US retail sales likely rose in September; higher-income consumers drive growth

U.S. retail sales excluding motor vehicles and parts likely posted further gains in September, data from the Chicago Federal Reserve showed on Wednesday, though

Austrian court gives ex-billionaire Benko two years' prison for insolvency fraud

An Austrian court convicted former property billionaire Rene Benko of insolvency-related fraud on Wednesday in his first

Oil prices hit 5-month low on US-China trade tensions, looming supply surplus

Oil prices eased on Wednesday to a five-month low on escalating U.S.-China trade tensions and the International Energy Agency's prediction of a supply surplus in

White House budget director plans to shut US consumer finance watchdog within months

White House budget director Russell Vought said on Wednesday he wants to close the U.S.

US economic activity little changed, employment stable in recent weeks, Fed says

U.S. economic activity was little changed and employment was largely stable in recent weeks, the Federal Reserve said on Wednesday, but there were emerging signs of weakness

US news outlets reject Pentagon press access policy

At least 30 news organizations declined to sign a new Pentagon access policy for journalists, warning of the potential for less comprehensive

Dollar drops versus euro and yen amid ongoing US-China trade friction

The U.S. dollar fell against the euro and yen on Wednesday with market sentiment weakened by the continuing trade tensions between the U.S. and China.

S&P 500, Nasdaq end higher as earnings fervor calms trade jitters

The S&P 500 and the Nasdaq closed higher on Wednesday while gold resumed its ascent as investors weighed upbeat earnings against mounting trade tensions between the

Bessent says IMF should stick to core mission, could sell Maryland golf course

The International Monetary Fund could sell a golf course it owns in Maryland, U.S.

Aid trucks roll into Gaza as Hamas hands over more hostage bodies

Aid trucks rolled into Gaza on Wednesday and Israel resumed preparations to open the main Rafah crossing as Hamas handed over more

Prime brokerage boom generates big third-quarter windfall for Wall Street banks

Wall Street's multibillion-dollar prime brokerage machinery is firing on all cylinders. 

Bessent says he plans to present Fed chief candidates to Trump in December

U.S.

US economy is already on the edge – a prolonged government shutdown could send it tumbling over

Uncertainty, a stumbling labor market and major structural problems are all weighing down the economy. And Fed rate cuts may not help much.

Judge temporarily blocks the Trump administration from firing workers during the government shutdown

A federal judge has temporarily blocked President Donald Trump’s administration from firing workers during the government shutdown, saying the human cost "cannot be tolerated.”

Ontario premier criticizes Trump after Stellantis says it will move production from Canada to the US

Ontario Premier Doug Ford has called for economic retaliation against the U.S. after Stellantis decided to move Jeep Compass production from Canada to the U.S. Ford blames U.S. President Donald Trump for the move, which affects workers in Brampton, Ontario

A crowd of 700, but no witnesses? South Carolina investigation into mass shooting at bar stalls

A sheriff says his deputies continue their methodical investigation into a shooting at a South Carolina bar that killed four people and injured 16 others

Judge halts Trump’s planned layoffs of federal workers during government shutdown, calling them unlawful

Judge halts Trump’s planned layoffs of federal workers during government shutdown, calling them unlawful

Trump ally Vernon Jones announces run for Georgia secretary of state

Vernon Jones, a former Democratic state representative who switched parties to support President Donald Trump, has announced his candidacy for Georgia's secretary of state

Is the federal government shutdown affecting you? Tell us about it

Is the federal government shutdown affecting you? Tell us about it

Most US stocks rise after swinging through another erratic day

Most U.S. stocks rose following another topsy-turvy day on Wall Street

Jury deliberates in trial of 3 New York corrections officers charged in inmate's fatal beating

A jury has begun deliberations in the upstate New York murder trial of three former corrections officers accused in the fatal beating of an inmate

Global EV sales hit record 2.1 million in September, research firm says

Global sales of fully electric and plug-in hybrid vehicles rose 26% in September from a year ago to a record 2.1 million units, driven by strong demand in China and a late

Judge accuses Homeland Security of bullying states into accepting conditions to get FEMA money

A federal judge in Rhode Island has accused the Trump administration of trying to “bully” states into accepting conditions that require them to cooperate on immigration enforcement actions to get disaster funding after he ruled those actions were unconstitutional

Beekeepers fight to save America's bees amid growing colony collapse

Beekeepers fight to save America's bees amid growing colony collapse

FAQ: Why America just bailed out Argentina with a $20 billion lifeline

FAQ: Why America just bailed out Argentina with a $20 billion lifeline

Docs: Official accused of using $115k in civic club funds for trips, campaigns

Docs: Official accused of using $115k in civic club funds for trips, campaigns

Federal workers endure financial strain and fear layoffs as the government shutdown drags on

Federal workers furloughed or working without pay are feeling the financial squeeze and fear being swept up in the Trump administration's layoffs

UN's World Food Program warns donor cuts are pushing millions more into hunger

The United Nations' food aid agency has warned that severe funding cuts are impacting its operations in six countries

Worried about your job? Here’s how to plan for a layoff

Worried about your job? Here’s how to plan for a layoff

Anthropic aims to nearly triple annualized revenue in 2026, sources say

Artificial intelligence startup Anthropic is projecting to more than double and potentially nearly triple its annualized revenue run rate next year,

US-China tensions pose potentially material risk to growth outlook, Fed's Miran says

Renewed U.S.-China trade tensions pose a "material" downside risk to the economic outlook, making it more important that the U.S. central bank cut its benchmark interest rate,

Fed's Collins still favors additional rate cuts to aid job market

By Michael S.

Parking garage partially collapses onto cars inside

Parking garage partially collapses onto cars inside

Hungary attacks EU energy policy at Moscow conference

Hungary would suffer if it were cut off from Russian energy, Budapest's foreign minister said during a visit to Moscow on Wednesday,

Ukrainian officials meet with US weapons manufacturers before Trump-Zelenskyy talks

A Ukrainian government delegation has met with major American weapons manufacturers during a U.S. visit

Social Security cost-of-living increase announcement delayed by government shutdown

The ongoing government shutdown has delayed the announcement of the annual Social Security cost-of-living increase

Tesla urges Delaware Supreme Court to restore Musk's $56 billion payday

Elon Musk’s $56 billion pay package from Tesla should have been restored by a vote of the company’s shareholders last year, a Tesla attorney argued to the

Aligned Data Centers in spotlight after $40 billion sale to BlackRock, Nvidia-backed group

An investor group, which includes BlackRock, Nvidia, xAI and Microsoft, will buy Aligned Data Centers from Macquarie Asset Management and co‑investors in a deal worth $40 billion.

Bank of Mexico's Heath calls for interest rate caution on inflation concerns

The Bank of Mexico should be more cautious cutting interest rates given the current scenario of sticky core inflation and headline inflation still above target, deputy governor

EU, Spain brush off Trump tariff threats over Madrid's defence spending

The European Commission and Spain's government on Wednesday dismissed U.S.

Portugal's Socialists to enable budget passage by abstaining

Portugal's opposition Socialist Party will abstain in the general vote on the centre-right minority government's 2026 budget, which should be enough to approve the bill in its first

US judge set to approve Rio Tinto's $138.75 million Mongolia mine settlement

A U.S. judge on Wednesday said he was ready to approve Rio Tinto's agreement to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding

US tech startup Anthropic unveils cheaper model to widen AI's appeal

Artificial intelligence startup Anthropic has overhauled its smallest AI model, Haiku, as companies increasingly opt for AI systems that are nearly as capable as the

Walmart US CEO says shoppers still spending at a healthy rate, Bloomberg News reports

Walmart's U.S. head said shoppers were spending at a healthy rate and were resilient despite economic uncertainty and inflationary prices due to President Donald Trump's tariffs, Bloomberg

Brazil set to talk tariffs with US on Thursday

Brazilian President Luiz Inacio Lula da Silva said on Wednesday that Brazil and the U.S. will hold negotiation talks on tariffs on Thursday.

Senator urges probe into US airport video blaming Democrats for government shutdown

The top Democrat on the Senate Commerce Committee on Wednesday called for an investigation into a Trump administration video airing at some airports that

UK bankers to get bonuses earlier as Bank of England loosens rules

Senior bankers in Britain will receive their bonuses earlier than previously thought, the Bank of England said on Wednesday, after it halved the

Bessent says US expects to finalize trade deal with South Korea in next 10 days

The U.S. is close to finalizing a trade deal with South Korea, Treasury Secretary Scott Bessent said on Wednesday, telling reporters that he

Prologis tops quarterly estimates on strong warehouse leasing

Warehouse-focused real estate investment trust Prologis beat Wall Street estimates for third-quarter revenue and funds from operations on Wednesday, helped by robust

Democrat Gina Hinojosa launches campaign for governor in Texas

Democrat Gina Hinojosa launches campaign for governor in Texas

Iowa farmers sound alarm as Trump administration backs $20 billion Argentina bailout

Iowa farmers sound alarm as Trump administration backs $20 billion Argentina bailout

Meta commits $1.5 billion for AI data center in Texas

Meta Platforms said on Wednesday it would invest $1.5 billion in a data center in Texas, breaking ground at its 29th such facility globally, as the social media giant

Germany pledges big military aid package to Ukraine as Kyiv puts 2026 defense needs at $120 billion

Germany plans to send more than $2 billion in military aid to Ukraine amid concerns about dwindling Western support

Why a Supreme Court case from Louisiana will matter for the future of the Voting Rights Act

Section 2 of the Voting Rights Act is the primary way plaintiffs can challenge racially discriminatory election practices

Japan, Spain, South Korea warn over unsustainable copper processing fees

Japan, Spain and South Korea issued a rare joint statement on Wednesday expressing deep concerns over tumbling copper treatment and refining charges (TC/RCs), warning

Apple rolls out devices with more powerful M5 chip

Apple unveiled a series of product updates on Wednesday, including a refreshed MacBook Pro, an iPad Pro and a second generation of the Vision Pro headset, as it embeds its latest M5 chip

Lone Star to take Hillenbrand private for $2.3 billion

Hillenbrand is being taken private by investment firm Lone Star Funds for $2.3 billion in cash, sending the industrial equipment maker's shares surging about 19% in early trading.

UK's Nscale to supply Microsoft with 200,000 Nvidia AI chips

Nscale will deploy around 200,000 Nvidia AI chips under an expanded agreement with Microsoft across its data centers in Europe and the U.S., the British artificial intelligence group said

Brazil retail sales rebound in August after four straight declines

Retail sales volumes in Brazil rose 0.2% in August from July, data from government statistics agency IBGE showed on Wednesday. 

Archer Aviation to buy Lilium's 300-patent portfolio for $21 million, shares jump

Air taxi firm Archer Aviation on Wednesday said that it has won a bid to acquire rival Lilium's portfolio of about 300 advanced air mobility patent assets for 18 million euros ($20.91

Ukraine needs up to $20b in U.S. weapons through NATO programme, defence minister says

Ukraine will need between $12 billion and $20 billion worth of military aid next year as part of a new NATO initiative to purchase U.S. weapons, Defence Minister Denys Shmyhal said on

Abbott revenue misses as diagnostics, nutrition weakness clouds medical devices lift

Abbott missed analysts' third-quarter revenue estimates on Wednesday, as weakness in its diagnostics and nutrition businesses outweighed robust

IMF says UK should not scrap twice-yearly economic forecasts

Britain should not reduce the frequency of its twice-yearly economic forecasts, but a related assessment of the government's compliance against budget rules

German economy expected to grow in Q4, economic indicator shows

The German economy will grow slightly in the final quarter of 2025, according to an indicator of the Macroeconomic Policy Institute (IMK) at the Hans Boeckler Foundation seen by

LVMH spurs $80 billion luxury rally as China picture brightens

LVMH shares had their best day in over two decades on Wednesday following signs of improved demand in China, which also drove a

Hegseth warns Moscow US will 'impose costs' if Ukraine war does not end

U.S.

BlackRock, Nvidia-backed group strikes $40 billion AI data center deal

An investor group including BlackRock, Microsoft and Nvidia is buying one of the world's biggest data center operators with nearly 80 facilities in a deal

Nigerian inflation slows to more than three-year low in September as food prices ease

Nigeria's headline inflation fell to its lowest level in more than three years in September, driven by a moderation in food prices, official data showed on

European stocks end higher as LVMH drives luxury rally

European stocks closed higher on Wednesday as France's LVMH sparked a rally in luxury goods groups and eased concerns that slowing global growth and tariffs are hurting

European Commission fines Gucci, Chloé and Loewe for price fixing

The European Commission has fined Gucci, Chloé, and Loewe a total of over 157 million euros for anti-competitive pricing practices

Largest cocaine cache in 3 years seized in traffic stop

Largest cocaine cache in 3 years seized in traffic stop

Black residents worry new Louisiana congressional district could be lost in Supreme Court case

Black residents in a newly created Louisiana congressional district fear they could lose their representation under a case being heard before the U.S. Supreme Court

Brazil's core inflation still high, central bank acting accordingly, finance minister says

Brazil's Finance Minister Fernando Haddad said on Wednesday that core inflation remained high due to persistent underlying pressures and noted that the central bank was acting accordingly

IMF sounds alarm about high global public debt, urges countries to build buffers

Global public debt is projected to rise above 100% of gross domestic product by 2029, reaching its highest level since 1948 and continuing to climb, the IMF said

US deficit-to-GDP ratio has room to come down, Bessent says

The U.S. deficit-to-gross domestic product ratio has room to come down to the 3% range, Treasury Secretary Scott Bessent said on Wednesday.

Insurer Progressive's third-quarter profit rises on higher auto insurance demand

Progressive Corp reported a rise in third-quarter profit on Wednesday, helped by strong demand for its auto insurance policies.

EIA expects heating US homes by electricity to cost more this winter than last year

U.S. households heated mainly by electricity will spend about 4% more this year to stay warm over the winter due to higher power price forecasts, the Energy Information

Novo Nordisk begins round of layoffs in United States, sources say

Drugmaker Novo Nordisk has begun a round of layoffs in its most important market, the United States, with affected staff set to be

Grain trader Bunge lowers 2025 profit forecast after closing Viterra deal

U.S. grain trader and processor Bunge on Wednesday lowered its 2025 earnings forecast following its merger with Viterra, and said it is overhauling segment

South Korea, US make 'meaningful progress' in tariff talks, senior Seoul official says

South Korea and the United States made "meaningful progress" in negotiations over $350 billion of investments in the U.S. that Seoul pledged in a deal

Locked door to roof, toxic gas blamed for deaths in Bangladesh factory fire

Toxic gas and a locked door that barred access to a roof were responsible for most of the deaths in a devastating fire in a Bangladesh garment factory and an adjoining

MIT spinout Vertical Semiconductor raises $11 million for AI power chip tech

Vertical Semiconductor, a startup spun out of the Massachusetts Institute of Technology, on

Morgan Stanley profit beats estimates on dealmaking boost, shares soar

Morgan Stanley's profit beat estimates in the third quarter as a surge in dealmaking drove revenue to records, and the company's finance chief said its investment

Bank of America beats profit estimates on dealmaking strength, upgrades NII forecast

Bank of America beat Wall Street estimates for profit, benefiting from bumper third-quarter investment banking, and upgraded its outlook

Syria's Sharaa tells Putin he will respect past deals with Moscow

Syrian President Ahmed al-Sharaa told Russian President Vladimir Putin on Wednesday he would honour all past deals struck

Broadway enters an anxious time as labor action threatens to roil theaters

Broadway is tense as two major labor unions have authorized strike action amid ongoing contract negotiations with producers

Group including Nvidia, BlackRock buying Aligned Data Centers in deal worth about $40 billion

A group including BlackRock, Nvidia and Microsoft is buying Aligned Data Centers in an approximately $40 billion deal in an effort to expand next-generation cloud and artificial intelligence infrastructure

Syria’s interim leader Ahmad al-Sharaa meets with Putin in Moscow

Syria’s interim leader, who led a swift rebel offensive last year that ousted former Syrian President Bashar Assad despite years of Moscow’s support, made his first visit to Russia and held talks with President Vladimir Putin

US government shutdown threatens home sales in flood-prone areas, report says

A shutdown of the U.S. government could hinder the accessibility of insurance coverage to prospective homeowners in flood-prone areas, and cost the already struggling housing

PageGroup profits beat forecasts as US and Asia drive growth

PageGroup's third-quarter profit beat market expectations on Wednesday as the British recruiter cited continued growth in the United States and Asia, sending shares 8% higher. 

Stellantis' $13 billion investment plan in US wins nod from investors, analysts

Stellantis' new $13 billion investment plan in the U.S. marks a key step to countering tariffs imposed by President Donald Trump and to reviving the automakers' sales in its main market,

Kyrgyzstan GDP up 10% in Jan-Sept year-on-year as Ukraine war reroutes supply chains

Kyrgyzstan’s economy grew by 10% year-on-year in the first nine months of 2025, with gross domestic product (GDP) reaching around $13.7 billion, the state statistics committee said

US regional lender PNC's profit jumps on higher interest income, fees

PNC Financial reported a more than 21% rise in third-quarter profit on Wednesday, driven by higher interest income and across-the-board jump in fees.

Growth in most Gulf economies to hold steady this year and next on rising oil output: Reuters poll

Most Gulf Cooperation Council economies will expand steadily this year and next on rising oil production, according to economists in a Reuters poll who upgraded

India central bank minutes show room for rate cuts as inflation outlook softens

India's interest-rate panel members have flagged room for future rate cuts as the country's inflation outlook turns more benign, minutes of the October meeting showed

Investors on guard for risks that could derail the AI gravy train

Optimism over the profit potential of artificial intelligence has helped drive the U.S. stock market to record highs, but investors are looking for weak spots

Donors have given $4.5 billion to Czech ammunition scheme for Ukraine, minister says

Foreign donors have provided 93.3 billion crowns ($4.5 billion) to a Czech-led initiative to find and deliver large-calibre ammunition to Ukraine, and the Czech Republic has

Braving Trump, Apple's Tim Cook promises to boost China investment

Apple's Tim Cook pledged to boost the tech giant's investment in China on Wednesday as it navigates the trade war between Beijing and Washington.

After winning pensions concession, France's Socialists eye billionaire tax in budget

After winning a major concession on pension reform from Prime Minister Sebastien Lecornu, France's Socialists on Wednesday set their sights on including a tax on

BofA's loans to bankrupt First Brands secured; Morgan Stanley has no exposure

Bank of America's syndicated loans to First Brands are secured by strong collateral, while Morgan Stanley has no exposure to the bankrupt U.S

India's trade deficit widens to 13-month high on gold imports, US tariff impact

India's merchandise trade deficit widened to a 13-month high of $32.15 billion in September, driven by gold and silver imports and a drop in exports to the U.S.

Dollar Tree forecasts upbeat fiscal 2026 earnings; reiterates annual targets

Dollar Tree on Wednesday forecast fiscal 2026 profit above Wall Street estimates and upheld its annual targets, signaling steady demand for affordable groceries and essentials.

Why higher tariffs on Canadian lumber may not be enough to stimulate long-term investments in US forestry

The US has ample forest resources, but replacing imports with domestic lumber isn’t as simple as it sounds.

Concerns about AI-written police reports spur states to regulate the emerging practice

AI-generated police reports promise to save cops time, but they also raise a host of legal and technical concerns.

In the market for a new car? Prepare for sticker shock

In the market for a new car? Prepare for sticker shock

Kremlin rejects Trump's assertion that BRICS targets the dollar

The Kremlin said on Wednesday that the BRICS group of nations has never targeted third countries or their currencies, rejecting U.S.

Honeywell sees aerospace supply chain improvements in electronics for planes

The production of electronics for aviation is a bright spot in the aerospace supply chain, whereas manufacturing of some parts still remains challenging, a senior executive at supplier

China September bank loans rise less than expected as weak credit demand persists

China's new bank loans rose less than expected in September, largely driven by seasonal factors that could mask underlying weak credit demand, as

Germany's Merz aims to slash red tape on banks to boost economy, sources say 

German Chancellor Friedrich Merz will push for deregulation in Europe's banking sector, four people familiar with his thinking said, his latest effort

Kremlin rejects Trump's view that the Russian economy could collapse

The Kremlin on Wednesday pushed back at U.S.

Conflict-affected states to get more support on deal-making, disputes

A group of 20 developing countries affected by conflict has approved a plan to provide emergency support to members facing international disputes or high-stakes talks

'Made in Argentina' factories shutter, creating more challenges for Milei

For decades, Lumilagro rode to prosperity on the popularity of its signature steel or glass thermoses Argentines use to carry hot water to make mate, the

How Promote Giving, a new investment model, will raise millions for charities

Joel Holsinger, a partner at Ares Management Corp., on Wednesday launched Promote Giving, an initiative encouraging investment managers to donate a portion of their fees to charity

Fed balm soothes trade war jabs

By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Edgier world markets appeared to bat away the latest testy exchanges in the re-heated

Waymo to launch autonomous ride-hailing service in London next year

Alphabet's Waymo plans to launch its fully driverless ride-hailing service in London in 2026, the robotaxi firm said on Wednesday, as it looks to expand its footprint to major international

Swiss voters likely to reject proposed tax of 50% on super rich - poll

A Swiss referendum on a proposal to impose a 50% tax on inherited fortunes of 50 million Swiss francs ($62.53 million) is likely to be rejected by voters, a poll

With Social Security’s COLA on the line, the Trump administration plans to release inflation data delayed by the shutdown

With Social Security’s COLA on the line, the Trump administration plans to release inflation data delayed by the shutdown

Trump targets China cooking oil trade - but sales were already tanking

U.S.

Supertanker freight rates up sharply as US-China trade war envelops ports

Supertanker freight rates surged this week and are set to stay elevated on U.S.-China tit-for-tat hikes in port fees and concerns about the fallout

Chinese autonomous driving firm WeRide taps banks for Hong Kong listing, sources say

Chinese autonomous driving firm WeRide has hired Morgan Stanley and China International Capital Corp (CICC) to work on a dual primary

How a forgotten hotel is helping transform one of Africa’s most expensive cities

How a forgotten hotel is helping transform one of Africa’s most expensive cities

How a Dutch chipmaker got caught up in the US-China tech war

How a Dutch chipmaker got caught up in the US-China tech war

How Bernie Sanders and Alexandria Ocasio-Cortez primed the Democratic Party for a shutdown fight

How Bernie Sanders and Alexandria Ocasio-Cortez primed the Democratic Party for a shutdown fight

Apple's shipments in China boosted by iPhone 17 series

Apple's shipments in China grew 0.6% from a year earlier to 10.8 million units in the third quarter amid sluggish demand in China's smartphone market,

China's Sicarrier unit unveils new chip design software, media reports

A subsidiary of SiCarrier, a Chinese chip equipment maker with close links to Huawei, unveiled two domestically developed software products for semiconductor designs, the latest

Apple lobbies India to change tax law seen hindering its expansion, sources say

Apple is lobbying India's government to modify its income tax law to ensure the company is not taxed for ownership of high-end iPhone

‘Premature’ to conclude that Trump’s tariffs haven’t hit the global economy, the IMF says

‘Premature’ to conclude that Trump’s tariffs haven’t hit the global economy, the IMF says

The government shutdown is putting a renewed spotlight on the cracks in the US aviation system

The U.S. government shutdown’s strain on the aviation system is starting to show

Global AI rush helps ASML beat orders estimates, but China outlook dims

ASML, the world's biggest supplier of computer chip-making equipment, reiterated on Wednesday it expects to benefit from booming AI investment, even as

French inflation confirmed at 1.1% year-on-year in September

Consumer prices in France rose 1.1% year-on-year in September, statistics office INSEE said on Wednesday, confirming analysts' expectations and the preliminary reading published last month.

Spain's 12-month EU-harmonised inflation rises to 3% in September

Spain's European Union-harmonised 12-month inflation rate stood at 3% in September, up from 2.7% in the period through August, final data released by the National Statistics Institute (INE)

China raises age limits for civil servants as part of campaign against ageism

China has increased the maximum hiring age for some civil service positions for the first time in three decades, from 35 to 38, a move that aims to keep older workers in the

China's sanctions against US-linked Hanwha units seen as warning gesture, analysts say

China's sanctions against five U.S.-linked affiliates of South Korean shipbuilder Hanwha Ocean are seen as a warning gesture without immediate impact, and Beijing is

LVMH sales return to growth as China demand improves

By Tassilo Hummel and Mimosa Spencer PARIS -LVMH's sales increased by 1% in the third quarter, driven by improved demand in China, offering some solace to a luxury goods sector grappling with a

Trump threatens tariffs on Spain over refusal to boost NATO defense spending

President Donald Trump on Tuesday threatened trade penalties, including tariffs, against Spain, saying he is unhappy with its refusal to raise

Long Treasury yields to stay elevated as inflation, debt pressures blunt Fed easing

Short-dated U.S.

Russia makes more precise drones and is using them to attack Ukraine’s vital rail network

Russia is intensifying drone strikes on Ukraine’s rail network, a critical lifeline for commercial freight, passenger traffic and military logistics

Italy's tenacious stance on gold pays off as prices soar

Italy, whose sovereign assets from bonds to banks have so often been the subject of market crises in recent years, is currently enjoying a windfall as the central

Vietnam Communist Party targets faster growth for next five years amid challenges

Vietnam's ruling Communist Party is targeting faster annual economic growth over the next five years, despite potentially "severe" economic challenges, according to a draft document

What to watch for at China's Communist Party's plenum

China's Communist Party leadership will begin a four-day, closed-door meeting on Monday to chart the country's economic policy for the next five years, seeking to sustain its ascent

Japan's Rakuten weighing US IPO of credit card business, sources say

Japanese e-commerce and finance heavyweight Rakuten is weighing an initial public offering in the United States of its credit card business, according

China's Communist Party holds a plenum on its next five-year plan. What does it mean?

The elite Central Committee of China's ruling Communist Party will hold a closed-door meeting from Monday to Thursday to discuss, among other things, the country's 15th five-year

China to keep its 'all about production' economic playbook as rivalry with US intensifies

China's Communist Party meets this month to map a five-year vision that prioritises high-tech manufacturing in its quest to upgrade its sprawling industries and project

Data darkness in US spreads a global shadow

The U.S. government shutdown that has turned off the official flow of data could begin clouding the view for policymakers in Japan and

Foreign companies eye US expansion to lessen fallout from tariffs

Some non-U.S. companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the impact of President Donald Trump's tariffs on imported

Fed back on centre stage, for now

A look at the day ahead in European and global markets from Rae Wee Investors have chosen, at least for now, to look past simmering U.S.-China trade tensions, taking comfort instead from Federal

German policy needs a decisive "Africa shift", association says

German economic policy is in need of a decisive "Africa shift" in light of geopolitical tensions and critical dependencies on raw materials, the Sub-Saharan Africa Initiative of

India's Bharti Airtel partners with IBM to expand cloud services

India's second-largest telecom operator Bharti Airtel has partnered with IBM to offer the American tech firm's services through its recently launched cloud platform, the companies said on

UK's Reeves considering tax increases and spending cuts for budget, Sky News reports

Britain's finance minister Rachel Reeves said she was looking at both tax rises and spending cuts in the upcoming budget, according to an interview with Sky News on Wednesday.

Chinese airlines protest US plan to ban their flights over Russian airspace

China’s biggest state-owned air carriers are protesting a U.S. proposal to bar them from flying over Russia when traveling to or from the U.S. The U.S. side has said such flights give Chinese airlines an unfair cost advantage over American carriers, which cannot cross through Russian airspace

Malaysia to discuss sectoral tariffs with U.S. at ASEAN summit, state media reports

Malaysia will hold talks with the U.S. secretary of commerce on sectoral tariffs, including on semiconductors, during a meeting of the ASEAN regional bloc next week, Malaysian

Deflationary pressures persist in China on weak demand, overcapacity

Deflationary pressures persisted in China, with both consumer and producer prices falling in September, supporting the case for more policy measures as a prolonged property market

Top South Korea officials to visit US for tariff talks amid hope for progress

South Korea's industry minister and the chief presidential secretary for policy will travel to the United States on Thursday for follow-up talks on lowering tariffs applied to the

BHP's Slattery says Australia must cut red tape, power costs, to compete

BHP's head of Australia, Geraldine Slattery, said on Wednesday the country must speed up environmental approvals and boost access to cheap power if it hopes to compete for mining

Pfizer CEO says US pharma industry needs to collaborate with China

Pfizer Chief Executive Albert Bourla said on Tuesday that the U.S. pharmaceutical industry needs to collaborate with China’s, where speedy processes have vaulted

China takes steps against US-linked units of S.Korea shipbuilder Hanwha

China announced sanctions on Tuesday against five U.S.-linked subsidiaries of South Korean shipbuilder Hanwha Ocean amid trade tension

Trump's approval on immigration drops among AAPI adults, new AAPI Data/AP-NORC poll finds

A new AAPI Data/AP-NORC poll finds that after months of aggressive immigration enforcement measures from the Trump administration, Asian American, Native Hawaiian and Pacific Islander adults are more likely to disapprove of President Donald Trump’s handling of immigration than they were in March

LA County Board approves emergency declaration over immigration raids

Los Angeles County moved a step closer on Tuesday to enacting an eviction moratorium that would protect renters who have been financially harmed by

Foxconn bid for stake in unit of Germany's ZF Group stalls, documents show

Foxconn's two-year pursuit of a stake in a unit of German auto supplier ZF Group stalled last month due to a substantial mismatch in valuation

Russian aerial attack hits a Ukrainian hospital, days before Zelenskyy meets Trump

Ukrainian President Volodymyr Zelenskyy says Russian forces have launched powerful glide bombs and drones against Kharkiv and hit a hospital

Trump and budget chief Vought are making this a government shutdown unlike any other

President Donald Trump is making this government shutdown unlike any the nation has ever seen

Britain must urgently prepare for hotter temperatures, climate advisers warn

Britain must urgently prepare for global warming of at least 2 degrees Celsius above pre-industrial levels by 2050, its climate advisers said on Wednesday, warning

MacKenzie Scott cuts Amazon stake by 42%, Bloomberg News reports

Billionaire philanthropist MacKenzie Scott has reduced the size of her stake in Amazon.com by 42% since last year, Bloomberg News reported on Tuesday, citing a regulatory filing.

IMF chief says lack of retaliation against Trump tariffs aiding global growth

Decisions by most countries to not retaliate against U.S.

US, China roll out tit-for-tat port fees, threatening more turmoil at sea

The U.S. and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys

America Movil posts threefold profit jump as costs shrink in Q3

Mexican telecoms giant America Movil on Tuesday reported a more than threefold jump in third-quarter profit, in line with analysts' expectations, helped by

Stellantis to invest $13 billion in the United States

Stellantis announced a $13 billion investment in the U.S. on Tuesday, a move it said will bring five new models to the market and add 5,000 jobs in plants

The Latest: Trump awards Charlie Kirk the Presidential Medal of Freedom

President Donald Trump has awarded the nation’s highest civilian honor, the Presidential Medal of Freedom, posthumously to Charlie Kirk on Tuesday

Trump threatens to pull support for Argentina if its politics move leftward

President Donald Trump has threatened to withdraw assistance from Argentina if its internal politics don't align with his interests in upcoming elections

Los Angeles County officials approve emergency declaration over immigration raids

Los Angeles County officials have declared a state of emergency that gives them power to provide assistance for residents they say have suffered financially from ongoing federal immigration raids

Chevron pushes for say in Venture Global request for Plaquemines LNG startup extension

Chevron on Tuesday asked federal regulators to let it offer an opinion on Venture Global's recent request for more time to commission the Plaquemines LNG plant in

Ukrainian PM discusses attacks on energy in US talks

Ukraine's prime minister said on Tuesday she was focusing on Russian attacks on her country's energy grid in talks in Washington ahead of a visit later this week by President Volodymyr

KKR-backed BOND private aviation named as customer for Bombardier $1.7 billion order in June

BOND, a new private aviation company backed by U.S. investment firm KKR, was disclosed on Tuesday as the customer behind a June $1.7 billion order for 50 Bombardier private jets and

Chinese airlines oppose Trump plan to stop flying over Russia on US routes

Major Chinese airlines on Tuesday urged the Trump administration to abandon a plan to bar them from flying over Russia on U.S. flights, saying it would

US air safety at risk with traffic controllers as 'pawns' in shutdown, official says

More than 13,000 U.S. air traffic controllers face rising stress and financial insecurity after Tuesday's disbursement

IMF, Pakistan reach staff-level deal on $1.2 billion payout

The International Monetary Fund said on Tuesday it has reached a staff-level agreement with Pakistan on its loan program, which would allow the country to access $1.2 billion after approval

Spirit Airlines projects profit return in 2027 after restructuring

Spirit Airlines said on Tuesday it expects to report losses until 2027 when it estimates to post its first full-year profit in eight

Trump administration says 4,108 workers have been fired since shutdown began

The number of U.S. federal worker layoffs as a result of the government shutdown was revised downward on Tuesday, suggesting the Trump administration's

IMF more upbeat about US growth than just months ago, but outlook is dimmer than last year

The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the full impact of those policies is still emerging

Some airports refuse to play Noem video on shutdown impact, saying it's political

Airports around the country are saying they won’t play a video with a message from Department of Homeland Security Secretary Kristi Noem in which she blames Democrats for the federal government shutdown and its impacts on operations to screen travelers

31,000 Kaiser Permanente nurses and other health care workers strike for better wages and staffing

An estimated 31,000 Kaiser Permanente health care workers have gone on strike to demand better wages and staffing

Stellantis says it will invest $13B to expand its US operations, adding more than 5,000 jobs

Stellantis plans to invest $13 billion over the next four years to expand its manufacturing capacity in the United States

Dating app Grindr confirms receiving go-private interest from shareholders

Grindr on Tuesday confirmed that its board had received a letter from shareholders Ray Zage and James Lu stating an interest in exploring the possibility of taking the dating app private.

Nike renames Oregon headquarters after co-founder Philip Knight

Nike said on Tuesday it was renaming its world headquarters in Beaverton, Oregon, after co-founder Philip Knight with immediate effect.

Apollo Global made another offer to buy Papa John's, sources say

Apollo Global Management submitted a fresh bid within the last week to take pizza chain Papa John’s International private at $64 per share,

UK finance minister seeks to promote Britain as safe bet in uncertain world

British finance minister Rachel Reeves wants to promote Britain as a fiscally responsible investment destination at meetings in Washington this week, three

Trading Day: Powell remarks, bank results offer relief

Making sense of the forces driving global markets By Alden Bentley, Editor in Charge, Americas Finance and Markets Jamie McGeever is enjoying some well-deserved

Australian regulator removes $324 million capital add-on on Westpac

Australia's prudential regulator said on Wednesday that it has removed the additional A$500 million ($324.15 million) capital add-on on Westpac after the bank completed a required multi-

Bitcoin, ether drop as US-China tensions flare up, erasing Monday's gains

Bitcoin and ether tumbled on Tuesday as U.S.-China tension ramped up, wiping out a rally the day before that was fueled by President Donald Trump's

UN says countries are willing to help fund Gaza's $70 billion reconstruction

There are promising early indications from countries, including the United States as well as Arab and European states, about their willingness to contribute to the $70 billion cost

Intel signals return to AI race with new chip to launch next year

Intel announced on Tuesday a new artificial intelligence chip for the data center that it plans to launch next year, in a renewed push to break into the AI chip market.

Feds seize $15 billion in crypto from ‘pig butchering’ scheme involving forced labor camps

Feds seize $15 billion in crypto from ‘pig butchering’ scheme involving forced labor camps

Trump says Argentina bailout contingent on his political ally Milei remaining in power

Trump says Argentina bailout contingent on his political ally Milei remaining in power

Drought has muted this year's leaf-peeping season, but pockets of brilliant colors remain

Leaf-peeping season has arrived in the Northeast and beyond, but weeks of drought have muted this year’s autumn colors, and sent leaves fluttering to the ground earlier than usual

Trump administration targets college prep program Republicans defended, sources say

President Donald Trump's administration fired almost all 60 staff at a college-preparation program for low-income students in a wave of shutdown layoffs, two

Trade group wants to ban export of scrap aluminum cans to China

A trade group representing the aluminum industry called on Tuesday for a ban on U.S. exports of used beverage cans to China to support American production of

Trump won't 'waste our time' with Argentina if Milei loses in midterms

U.S. support for Argentina hinges on the ruling party of President Javier Milei succeeding in this month's midterm legislative elections, President Donald Trump

Stocks wobble as trade tensions between the US and China escalate

U.S. indexes bounced between gains and losses and wound up mixed on Wall Street as trade tensions continued to simmer between Washington and Beijing

US stocks end mixed, gold jumps amid upbeat IMF forecast, trade tensions

Wall Street closed mixed on Tuesday and gold touched a record high as investors weighed upbeat economic sentiment from the International Monetary Fund and Federal

Walmart partners with OpenAI for ChatGPT shopping feature

Walmart said on Tuesday it was partnering with OpenAI to enable customers and Sam's Club members to shop directly within ChatGPT, using the AI chatbot's Instant Checkout feature.

CDC set to lose quarter of staff with latest layoffs, union says

Layoff notices sent over the weekend to U.S.

US Senate Committee set to vote on aviation safety legislation next week

The U.S.

The Latest: Gaza ceasefire holds as Israeli military says Red Cross to transfer remains of deceased

The tenuous ceasefire in Gaza is holding after the release of hostages and Palestinian prisoners and detainees, but uncertainties remain

Tropical Storm Lorenzo weakens over open water in the Atlantic Ocean

Forecasters say Tropical Storm Lorenzo has weakened as it churns over the central tropical Atlantic Ocean and is not threatening land

Trump administration quietly canceled the nation’s largest solar project

Trump administration quietly canceled the nation’s largest solar project

OpenAI partners with Walmart to let users buy products in ChatGPT, furthering chatbot shopping push

OpenAI is partnering with Walmart to allow shoppers to make purchases directly within ChatGPT, furthering the artificial intelligence company’s push to turn its chatbot into a virtual merchant as it seeks to boost revenue

As US wood tariffs kick in, kitchen cabinet companies look for a silver lining

New tariffs on imported kitchen cabinets, bathroom vanities, and upholstered furniture in the U.S. are expected to impact the home improvement industry

Lack of weather data due to Trump’s budget cuts impacted forecast for deadly Alaska storm

Lack of weather data due to Trump’s budget cuts impacted forecast for deadly Alaska storm

US tariffs on China on Nov 1 depend on Beijing's actions, USTR Greer tells CNBC

U.S.

US banks cheer regulators' steps toward easing capital requirements

U.S. bank executives expressed optimism that Trump administration regulators will soften capital rules, a major reversal from

First Brands, Tricolor collapses raise fears of credit stress, with Dimon warning of 'more cockroaches'

The bankruptcies of U.S. auto parts supplier First Brands and car dealership Tricolor have prompted soul searching on Wall Street,

Wall Street's fear gauge climbs as US-China trade fears rise

Wall Street's most watched gauge of investor anxiety rose to a near five-month high before paring gains on Tuesday as U.S. stocks whipsawed on renewed concerns

Trump says US has to be careful with China

President Donald Trump said on Tuesday that the United States must be careful with China although the relationship between the countries is fair.

Oil settles down 1.5% on US-China trade tensions, IEA warning of glut

Oil prices fell on Tuesday, settling 1.5% lower as the International Energy Agency warned of a huge supply glut in 2026, and as trade tensions persisted between

Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says

Federal Reserve Chair Jerome Powell says that a sharp slowdown in hiring poses a growing risk to the U.S. economy

Fed's Powell says economy on firmer footing, QT end in view

The U.S. labor market remained mired in its low-hiring, low-firing doldrums through September, though the economy overall "may be on a somewhat firmer trajectory than expected,"

US dollar weakens against peers as markets weight renewed trade tensions

The dollar lost ground against major peers including the Swiss franc and Japanese yen on Tuesday as U.S.-China trade tensions resurged, while

Government shutdown hasn’t left US consumers glum about the economy – for now, at least

Consumer sentiment remained flat in October, compared to the previous month. But history shows a prolonged federal shutdown can impact how people feel about the economy.

Beyond Meat shares drop below $1 on investor concerns

Beyond Meat’s shares were trading below $1 Tuesday as investors fretted over the company’s plans to cut its debt by issuing more shares

Woman back in custody, faces over 20 charges in alleged elder exploitation scheme

Woman back in custody, faces over 20 charges in alleged elder exploitation scheme

You’ll soon be able to shop Walmart’s catalog on ChatGPT

You’ll soon be able to shop Walmart’s catalog on ChatGPT

Humana loses challenge to 2025 Medicare Advantage ratings

A U.S. judge on Tuesday rejected Humana's bid to challenge the Centers for Medicare & Medicaid Services' 2025 ratings for its Medicare Advantage plans, which could cost

World needs U.S. engagement for financial stability, ECB's Villeroy says

Protectionism is already proving costly for the U.S. consumer and Washington should instead engage with its allies to tackle global issues that threaten financial stability, French

Madagascar's military takes power, fleeing president impeached

An army commander who led a mutiny in Madagascar said on Tuesday the military had taken power after President Andry Rajoelina was impeached

US senator seeks Commerce Department investigation into Singapore-based Megaspeed

U.S.

Rayonier, PotlatchDeltic to form timber products giant in $8.2 billion merger

U.S. land managers Rayonier and PotlatchDeltic said they would merge on Tuesday in an all-stock deal worth about $8.2 billion, including debt, forming the

Italy approves budget, seeks cash from banks and insurers

Italy will garner resources from its banks and insurers to help fund its 2026-2028 budget, the Treasury said on Tuesday after the

Citigroup profit climbs on strength across units, despite loss in Mexico sale

Citigroup beat estimates for third-quarter profit, which rose as all of its divisions brought in record revenue, despite booking a loss from selling a

Fed's Powell says economy may be on firmer footing, but job market weak

The U.S. labor market remained mired in its low-hiring, low-firing doldrums through September, though the economy "may be on a somewhat firmer trajectory

IMF says Bank of England should be 'very cautious' on future rate cuts

The Bank of England needs to be "very cautious" about future rate cuts as British inflation looks set to remain the highest in the Group of Seven advanced

US banking giants buoyed by dealmaking, but warn of asset price bubbles

Top U.S. bankers predicted business would continue to boom as equity markets surged over the last quarter and the economy and

Fed's Powell says the end of balance sheet drawdown process may be nearing

By Michael S.

County of Monterey expands indigenous interpreter services

County of Monterey expands indigenous interpreter services

Immigration crackdown stirs unease ahead of this weekend's Chicago Marathon

Questions have been swirling for weeks over whether Immigration and Customs Enforcement agents might target the Chicago Marathon

Salesforce to invest $15 billion in San Francisco as AI race heats up

Salesforce said on Monday it would invest $15 billion in San Francisco over the next five years to accelerate AI adoption, as the cloud software provider looks to sharpen

Enagas in talks to buy GIC stake in French gas transport grid operator Terega, sources say  

Spanish gas grid operator Enagas is in talks to acquire Singaporean sovereign wealth fund GIC's 32% stake in Terega, France's second-

Trump administration flouted court order on FEMA grant funding, US judge rules

A federal judge ruled on Tuesday that the Trump administration had violated his previous court order by implementing a nearly identical policy that again made state

Citigroup's AI usage frees up 100,000 hours for developers a week

Citigroup CEO Jane Fraser said the company's use of artificial intelligence has saved time and allowed it to free up 100,000 hours of weekly capacity for software developers.

Dutch seizure of Nexperia followed US pressure over Chinese CEO

A Dutch seizure of Chinese-owned computer chip maker Nexperia came after rising U.S. pressure on the company, a court ruling released on Tuesday showed,

Goldman Sachs eyes layoffs and hiring slowdown amid AI push, memo shows

Goldman Sachs has informed employees of potential job cuts and a hiring slowdown through the end of the year, according to an internal memo seen by Reuters, as the Wall Street giant aims to

Swiss court rules $20 billion Credit Suisse bond write-off unlawful

Writing off 16.5 billion Swiss francs ($20.53 billion) in Credit Suisse bonds was unlawful, a Swiss court ruled on Tuesday, boosting

Bangladesh garment factory fire kills 16, toll may rise

A fire on Tuesday at a garment factory in Bangladesh and an adjacent chemical warehouse killed at least 16 people and injured others, and the death toll could rise, an

Oil bosses expect market surplus to shrink over time

The global oil market is set to tighten in the medium to longer term, recovering from short-term weakness, executives from oil majors and trading houses said on

Brazil to start debating fiscal measures after Congress setback, finance minister says

Brazil's government said it would start discussing on Wednesday measures to offset Congress' shelving of a proposal that would have overhauled taxation on

Ethiopia's debt restructuring hits impasse, bondholders eye legal action

Ethiopia said on Tuesday that debt restructuring negotiations with its bondholders had failed for the time being due to differences

IMF says China must shift growth to domestic demand, resolve property crisis

China must rebalance its economic growth model towards domestic demand, which has been weak for some time due to the country's property bust,

With inflation and jobs in ‘tension,’ Powell warns of the Fed’s tightrope on interest rates

With inflation and jobs in ‘tension,’ Powell warns of the Fed’s tightrope on interest rates

'Swiftonomics': UofL launches new class using Taylor Swift to teach economics

'Swiftonomics': UofL launches new class using Taylor Swift to teach economics

Typhoon leaves flooded Alaska villages facing a storm recovery far tougher than most Americans will ever experience

‘As the storm approached Alaska, everything went sideways,’ leaving people no time to evacuate and little time to prepare. An Alaska meteorologist explains what happened and the challenges ahead.

Japanese semiconductor company Renesas explores $2 billion sale of timing unit

Renesas Electronics Corp. is exploring a sale of its timing division in a deal that could value the business at close to $2 billion, according to people familiar

India's Adani eyes dozens of assets of embattled realtor Sahara to build land bank

Indian billionaire Gautam Adani's property arm is seeking court approval to acquire 87 properties including hotels and malls from a distressed

Brazil's BTG Pactual proposes merger with Banco Pan

Brazilian investment bank BTG Pactual announced late on Monday a binding proposal to incorporate shares of Banco Pan, offering a significant premium to minority shareholders in a

Brazil's Embraer will sell 20 commercial jets to TrueNoord

Brazilian planemaker Embraer closed a deal to sell 20 of its E195-E2 commercial unit to leasing and management firm TrueNoord, in a deal valued at $1.8 billion, the companies said

IMF says Gaza peace deal creates opportunity for lasting economic recovery

The Israel-Hamas peace deal that halts two years of armed conflict in Gaza presents an opportunity for a lasting economic recovery in the region, the International Monetary

Czech election winner Babis signals weeks of coalition talks ahead

Czech election winner the ANO party is focused on drawing up a policy agenda with two small parties and will get round to talks on cabinet posts next month, party leader Andrej Babis

Kenyan activists tell IMF the government is stoking poverty

A group of Kenyan non-governmental organisations have accused the government of stoking economic inequality and driving up national debt, in a written briefing to the

BlackRock brushes off wider credit contagion fears after First Brands, Tricolor bankruptcies

Asset manager BlackRock on Tuesday played down concerns of broader credit market stress after the bankruptcies of auto parts supplier First

EU's Ukraine funding plan could further boost central bank gold buying, analysts say

The European Commission's proposal to tap frozen Russian state assets for financial aid to Ukraine is rattling some central banks, which could further accelerate

China's rare earth curbs put Europe's auto industry at risk, Italian lobby says

Expected new Chinese curbs on rare earth metal exports could have a significant impact on the European auto industry, the head of Italian auto part maker lobby ANFIA said on Tuesday,

EU presses US to drop tariffs on metals content

The European Commission is pressing the United States to remove tariffs on products made from steel as Brussels seeks to advance parts of the EU-U.S.

Boeing delivers 55 jets in September but trails Airbus

Boeing delivered 55 jets in September, up from 33 a year earlier when a strike by 33,000 factory workers in the Northwest curtailed production, the planemaker said

UK watchdog secures $101 million redress for BlueCrest fund investors

Britain's Financial Conduct Authority on Tuesday secured $101 million in redress for investors in a fund sub-managed by BlueCrest Capital Management and imposed a public

Goldman's profit beats estimates as dealmaking rebound boosts investment banking

Goldman Sachs beat Wall Street expectations for third-quarter profit on Tuesday, as its investment bankers earned higher advisory fees and

J&J to spin off orthopedics business, sees 2026 sales growth of over 5%

Johnson & Johnson said on Tuesday it plans to separate its orthopedics business into a standalone company within the next 18 to 24 months, marking its second major

IMF warns of rising odds of 'disorderly' global market correction

Global markets are too comfortable with risks, including trade wars, geopolitical tensions and yawning government deficits, which, combined with already

Erosion of trust in central banks can boost inflation expectations, IMF warns

The International Monetary Fund on Tuesday said putting pressure on central banks to lower interest rates "always backfires," warning that

Fed's Bowman expects two more interest rate cuts this year

Federal Reserve Governor Michelle Bowman on Tuesday said she continues to anticipate that the U.S. central bank will deliver interest rate cuts at its final two policy meetings of 2025.

JPMorgan lifts interest income forecast after profit beats estimates

JPMorgan Chase raised its full-year forecast for net interest income on Tuesday, after strong performance in its trading and investment banking businesses

GM to take $1.6 billion charge as tax credit blow muddies EV plans

General Motors said on Tuesday it would take a $1.6 billion charge in the third quarter as it reshapes its electric vehicle strategy following the scrapping of a key

Wells Fargo tops profit estimates, raises return target after asset cap lifted

Wells Fargo on Tuesday beat Wall Street estimates for third-quarter profit and raised its closely watched profitability target after regulators

Domino's Pizza tops quarterly results estimates as US consumers seek value meals

Domino's Pizza beat expectations for quarterly profit and U.S. same-store sales on Tuesday, driven by promotions and new menu items

Boeing gains EU antitrust nod for $4.7 billion Spirit AeroSystems deal

Boeing secured EU antitrust approval on Tuesday for its $4.7 billion acquisition of Spirit AeroSystems after agreeing to sell some Spirit businesses to address

Pakistan finance minister sees staff deal on $1.2 billion IMF payout this week

Pakistan is set to sign a preliminary deal on a review of its loan programme with the International Monetary Fund this week, the country's

Trade jitters drag European shares lower; France stays in focus

European stocks slipped on Tuesday, weighed down by fresh jitters over U.S.-China trade tensions and a sharp drop in Michelin shares, while investors

Dow, S&P 500 turn positive as Powell says end of balance sheet drawdown is near

The Dow and the S&P 500 turned positive on Tuesday after Federal Reserve Chair Jerome Powell said the central bank may soon end its balance sheet runoff, easing investor concerns over

Socialists throw French prime minister a temporary lifeline

Socialists throw French prime minister a temporary lifeline

French prime minister will suspend a pension reform to avoid government collapse

French Prime Minister Sébastien Lecornu says he will suspend a much-debated plan to raise the retirement age from 62 to 64

Here's what young Native Americans funded with $720K from Newman's Own Foundation and Novo Nordisk

Young Native Americans are leading efforts to combat food insecurity in tribal communities

Wall Street sees major jump in profits, helped by soaring stock prices and deal making

Wall Street has experienced one of its most profitable quarters, according to earnings reports from major banks on Tuesday

Oracle and AMD expand a partnership with deals in the artificial intelligence sector booming

Oracle and Advanced Micro Devices are expanding their partnership with the deployment of 50,000 AMD graphic processing units next year, with further expansion to follow

US rejects bid to buy 167 million tons of coal on public lands for less than a penny per ton

Federal officials have rejected a company’s bid to acquire 167 million tons of coal on public lands in Montana for less than a penny per ton

Salesforce deepens AI ties with OpenAI, Anthropic to power Agentforce platform

Salesforce expanded partnerships with OpenAI and Anthropic to integrate their frontier AI models into its Agentforce 360 platform, aiming to deliver enterprise-grade AI tools to a wider

Boeing awarded $2.7 billion in contracts for Patriot missile seekers

Boeing said on Tuesday it has secured about $2.7 billion in a combination of multi-year contracts to supply a key guidance component for the Patriot interceptor missiles.

Bank of England's Taylor says he fears a bumpy landing for UK economy

Bank of England policymaker Alan Taylor said on Tuesday that he saw an increasingly likely risk of a "bumpy landing" for Britain's economy with inflation falling too low, in part due

IMF raises India's growth forecast for 2025/26 despite US tariff hikes

The International Monetary Fund (IMF) has raised India's growth forecast by 0.2 percentage points to 6.6% for the 2025/26 fiscal year as the country's strong growth momentum is

JPMorgan CEO says its exposure to collapsed auto dealer Tricolor "not our finest moment"

JPMorgan Chase's exposure to bankrupt auto dealer Tricolor is "not our finest moment," the bank's CEO Jamie Dimon told reporters on a conference call on Tuesday. 

European growth to hold up but at an increasing fiscal cost, IMF says

Euro zone economic growth will hold up despite a drag from U.S. tariffs but this will come at a cost of higher government spending and rising debt, the International Monetary Fund

IMF lifts growth outlook on more benign tariffs as revived US-China trade war looms

The International Monetary Fund edged up its 2025 global growth forecast on Tuesday as tariff shocks and financial conditions have proven more benign than

IMF ups Saudi Arabia's 2025 GDP growth forecast to 4% as oil output rises

The International Monetary Fund upgraded its 2025 economic growth forecast for Saudi Arabia on Tuesday due to a faster-than-expected unwinding of oil production cuts

AI investment boom may lead to bust, but not likely systemic crisis, IMF chief economist says

The U.S. artificial intelligence investment boom may be followed by a dot-com-style bust, but it is less likely to be a systemic event that would crater the U.S.

White House budget office says it is preparing to 'ride out' shutdown

The White House Office of Management and Budget said on Tuesday it was making preparations "to batten down the hatches and ride out" the federal government shutdown, while

European earnings outlook brightens despite US-China tariff escalation

Analysts are a little more upbeat about European companies' third-quarter results than a week ago, according to the latest estimates compiled by

Russia's war in Ukraine is bad for US businesses, EU Commissioner says

Russia's war in Ukraine is bad for U.S. businesses, which have heavily invested in Europe and whose profits are affected by the uncertainty that Moscow's aggression creates,

Bank of England should be 'very cautious' about future rate cuts, IMF says

The Bank of England should be "very cautious" about further interest rate cuts due to rising inflation expectations among households and investors, the International Monetary

Latest US-China trade tensions add to economic risk, IMF's Gourinchas says

The latest trade tensions between the United States and China pose a downside risk for the global economy that is not reflected in the International Monetary Fund's latest

BlackRock's assets hit record $13.46 trillion on third-quarter markets rally, M&A boost 

BlackRock, the world's biggest asset manager, swept past its own record for assets under management, as it reported a higher third-quarter

Albertsons raises annual sales and profit forecast on strong pharmacy, digital growth

Albertsons raised its full-year profit and sales forecasts on Tuesday, citing resilient demand at its pharmacies and continued growth in online orders, sending its shares up

Scenting victory, Madagascar youth give scant thought to what's next

The thousands of young protesters chanting vitriolic slogans against Madagascar's President Andry Rajoelina in Antananarivo were clear about what they wanted him

Who is Madagascar's fleeing president Andry Rajoelina?

A former DJ once nicknamed "TGV" after the French fast train for his dynamism, Madagascar's Andry Rajoelina was the world's youngest

J&J lays out plan to splinter orthopedics business into separate company

Johnson & Johnson is narrowing its focus again, nearly four years after peeling off its consumer health business

US drops out of world’s most powerful passport top 10 list for the first time

US drops out of world’s most powerful passport top 10 list for the first time

BetMGM plans to return at least $200 million to owners after 3rd profit upgrade this year

U.S. sports betting firm BetMGM on Tuesday raised its annual revenue and profit forecasts for the third time this year and said it expects to return at least $200 million to its owners -

Oil executives flag increased costs from Trump's tariffs

The executives of two oil companies warned this week that tariffs resulting from the U.S. administration's trade policies were driving up costs across the energy

Oracle to offer cloud services using AMD's upcoming AI chips

Oracle will offer cloud services using Advanced Micro Devices' upcoming MI450 artificial intelligence chips, the companies said on Tuesday, as they rush to tap the booming demand for

Heineken says Amsterdam HQ reorganization to affect about 400 jobs

Dutch brewer Heineken's Amsterdam headquarters reorganization will affect approximately 400 jobs, Heineken said in a statement on Tuesday.

Japanese shares dive as market frets over premiership, US-China tensions

Japanese shares sank on Tuesday after a long weekend, clocking their sharpest one-day drop since April, as investors fretted over uncertainty surrounding the

IMF revises Japan's economic forecast higher, sees gradual BOJ rate hikes

The International Monetary Fund (IMF) revised higher on Tuesday its 2025 economic growth forecast for Japan and projected the nation's central bank to gradually raise

After record crypto crash, a rush to hedge against another freefall

Following the largest crypto liquidation in history last Friday, options market investors are bracing for more volatility and further declines in

Belgium general strike grounds airlines, disrupts Brussels public transport

A general strike held in Belgium on Tuesday grounded most airplanes at the two main airports and disrupted public transport in Brussels.

Polaris shares surge on Indian Motorcycle unit spin-off, profit forecast

Shares of Polaris rose more than 9% on Tuesday after the power-sports vehicle maker said it would spin off its Indian Motorcycle unit and forecast a third-quarter profit,

Auto sector bankruptcies spark fresh scrutiny of Wall Street credit risks

The bankruptcies of automotive-related companies First Brands and Tricolor, along with potential losses at banks and investment funds,

Industrial facilities owned by profitable companies release more of their toxic waste into the environment

Companies with relatively many patents and more employees own facilities that tend to release lower proportions of their toxic waste into the environment.

Family of Baltimore's Key Bridge collapse victim to talk settlement with Dali ship owners

Family of Baltimore's Key Bridge collapse victim to talk settlement with Dali ship owners

AI lab Lila Sciences tops $1.3 billion valuation with new Nvidia backing

AI startup Lila Sciences has raised $115 million in an extension funding round from investors including Nvidia's venture arm, lifting its valuation to more than $1.3 billion,

Volatility builds as AI jockeys with trade

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Wall Street's 'fear gauge' of implied stock market volatility touched its

World oil market to see huge glut in 2026, IEA says

The world oil market faces an even bigger surplus next year of as much as 4 million barrels per day as OPEC+ producers and rivals lift output and demand remains

Suedzucker says it expects improved third-quarter results

Europe's largest sugar producer Suedzucker said on Tuesday it expected to post a year-on-year improvement in its third-quarter results, to be reported in January, citing a positive start to

US small business sentiment ebbs in September; inflation back in focus

U.S. small-business sentiment declined in September amid expectations of unfavorable operating conditions in the next six months, and many owners reported raising prices or

GM to take a $1.6 billion hit as tax incentives for EVs are slashed and emission rules ease

General Motors will book a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed

Nations meet to consider regulations to drive a green transition in shipping

Maritime nations have gathered in London to discuss regulations aimed at reducing shipping emissions

BP flags weaker oil trading while upstream output grows

BP said it expects upstream production to rise in the third quarter, reversing earlier guidance for a slight decline, but flagged weak oil

Michelin shares fall as much as 11% after profit warning

Shares in Michelin fell as much as 11% on Tuesday, to their lowest in almost three years, after the tire maker cut its forecast for full-year income more than

South African business confidence edges up in September

South Africa's business confidence improved in September, driven by robust tourism, higher precious metal prices and increased exports, data showed on Tuesday.

Thyssenkrupp renegotiates 10 billion euros in unit TKMS' guarantees before spin-off

Warship maker TKMS has renegotiated terms of project guarantees it gets from parent Thyssenkrupp, according to a prospectus ahead of TKMS' separate listing, indicating tougher

EU seeks US alliance to counter China rare earth crackdown

The European Union is seeking to coordinate with the United States and other G7 partners a response to tighter Chinese controls on the export of rare

Fed's Powell addresses economy pulled between risks to growth, jobs and prices

Federal Reserve Chair Jerome Powell on Tuesday delivers his last scheduled remarks before the Fed's next meeting with the economy enjoying stronger-than-

Europe's airline CEOs call for more support meeting green goals

Chief executives of Europe's airlines called for more European Union support to increase the supply of green jet fuel and improve subsidies for its creation.

Trump's Tylenol claims limit M&A options for parent company Kenvue

Tylenol maker Kenvue was already having a painful year before U.S. President Donald Trump and his health secretary got involved.

France's budget built on shaky ground, fiscal watchdog warns

The French government's 2026 budget plans are based on rosy economic assumptions and its belt-tightening measures may fall short - or never even take shape if the new administration

Dollar gains from rivals' trouble may lack staying power

A rebound in the dollar over the past month is unlikely to last given it was largely due to repositioning over temporary factors including

Austrian former property tycoon Rene Benko goes on trial for fraud

Austrian former billionaire Rene Benko went on trial on Tuesday in the first case connected to the collapse of his

EU fines Gucci, Chloe and Loewe for fixing resale prices

Gucci, Chloe and Loewe have been fined a total of 157 million euros ($182 million) by the European Union's antitrust watchdog for

Brazil Supreme Court justice keeps Bolsonaro under house arrest

Supreme Court Justice Alexandre de Moraes ruled on Monday to keep former Brazilian President Jair Bolsonaro under house arrest, according to a court document seen by Reuters.

German investor morale rises less than expected in October, ZEW survey shows

German investor morale improved less than expected in October, weighed down by sluggish current economic performance and further delays in long-awaited recovery in

South Korea says 'huge progress' in US trade talks over investment package

South Korean Finance Minister Koo Yun-cheol said on Tuesday it was "huge progress" that the U.S. was not insisting that South Korea make all of the $350 billion investments, promised

China is making it harder to get rare earth magnet export licenses, sources say

Chinese rare earth magnet companies have been facing tighter scrutiny on export license applications since September, sources say, even before Beijing's move last week to expand

Singapore to cane scammers and mules under tightened laws, local media reports

Singapore could cane those who commit scams and scam-related offences under proposed changes to Singapore's criminal law, local media reported on Tuesday. 

Asian equities draw inflows in September on Fed rate cut outlook, AI optimism

Asian equities saw strong inflows in September, boosted by the U.S.

Indonesia expects more capital inflows, firmer rupiah as Q4 growth picks up

Indonesia's Finance Minister Purbaya Yudhi Sadewa said on Tuesday that the rupiah is likely to strengthen in the fourth quarter, with capital inflows set to

Spain the frontrunner for Chinese carmaker BYD's third European plant, sources say

China's No. 1 automaker BYD considers Spain to be its top candidate for a third car factory to serve the European market, two people briefed on the matter told Reuters, as the company seeks

China says it didn’t reignite trade tensions with the US, Trump did

China says it didn’t reignite trade tensions with the US, Trump did

Taliban minister confronted by rare challenge on trip abroad: women journalists

Taliban minister confronted by rare challenge on trip abroad: women journalists

China sanctions 5 US units of South Korean shipbuilder Hanwha Ocean over probe by Washington

China has banned dealings by Chinese companies with five subsidiaries of South Korean shipbuilder Hanwha Ocean

India's September wholesale price inflation eases to 0.13% y/y

India's wholesale price inflation in September eased to 0.13% year-on-year from 0.52% in the previous month, helped by a decline in food and fuel prices, government data showed on

Italy's historically poor south sees brighter future as workers return

For decades, the story of southern Italy has been one of departure, of generations leaving the hills of Calabria and the shores of Sicily in search of

Volkswagen shares up as investors reassured in pre-close call

Shares in Volkswagen were trading 1.2% higher after markets opened on Tuesday, as the German automaker appeared to reassure investors over headwinds from tariffs and weakness in its

Trump on track to meet Xi in South Korea, Bessent says

U.S. President Donald Trump remains on track to meet Chinese leader Xi Jinping in South Korea in late October, U.S.

UK jobs market shows some signs of cooling

British workers' pay grew at the weakest pace since 2022 and the jobless rate nudged higher, according to official data on Tuesday which

Google to spend $15 billion on AI data centre in biggest India investment

Google said on Tuesday it would invest $15 billion over five years to set up an artificial intelligence data centre in India's southern state of Andhra Pradesh

UK grocery inflation accelerates to 5.2%, says Worldpanel

British grocery inflation rose to 5.2% in the four weeks to October 5, industry data showed on Tuesday, adding to pressure on consumers already facing higher energy

German final inflation confirmed at 2.4% in September

German inflation rose slightly in September to 2.4%, the federal statistics office said on Thursday, confirming preliminary data.

Sterling drops after UK data shows softer wage growth

Sterling fell on Tuesday after data showed growth in average British earnings slowed slightly in the three months to August, suggesting the Bank of England may be able to continue

US Treasury chief says government shutdown is hitting economy

The U.S. federal government shutdown is starting to impact the nation's economy, U.S. Treasury Secretary Scott Bessent said on Monday as the closure entered its 13th day.

Dancing ship-to-ship

A look at the day ahead in European and global markets from Gregor Stuart Hunter: Container ports are the new economic battlegrounds.

PayPay valuation could exceed $20 billion in planned December US IPO, sources say

Investors expect the valuation of PayPay could exceed 3 trillion yen ($20 billion) as SoftBank prepares for an initial public offering of the

Frontier debt risks ‘going dark’ amid high costs and creative deals

The need for emerging economies to be more transparent about their debt is one issue uniting wealthy countries and multilateral

International Labour Organization could face job losses if US does not pay dues

The International Labour Organization faces "critical" cash flow problems and could abolish up to 295 posts - about 8% of its workforce - if the United States

British homebuilder Bellway flags slow start to fiscal year as demand dips

British homebuilder Bellway on Tuesday flagged a slow start to its current fiscal year, citing weak consumer sentiment and affordability concerns as key factors weighing on demand.

Australia to make next billion-dollar AUKUS payment 'shortly', says minister

Australia will make a second billion-dollar payment to boost U.S. nuclear submarine shipyards soon, Defence Industry Minister Pat Conroy said in Washington on Tuesday, ahead of an

Japan finance minister calls for post-Abenomics policies for inflation era

Japan needs to come up with a new economic strategy that suits the current situation where inflation, instead of deflation, has become a concern unlike the times of

Chipmaking supplier ASML set to ride AI megadeals wave

Multi-billion dollar deals between AI firms and computer chipmakers are expected to strengthen top semiconductor equipment maker ASML's outlook when it

Implementation date for U.S. tariff on Singapore pharma exports postponed, local media reports

The implementation of a U.S. tariff on Singapore's pharmaceutical exports has been delayed to allow companies to negotiate possible exemptions with the U.S. administration, the

Samsung expects best profit since 2022, as AI boom squeezes commodity chip supply

Samsung Electronics on Tuesday said it expects its biggest quarterly profit in over three years, as the global race to boost production of AI chips

Indian textile exporters turn to Europe, offer discounts to offset US tariffs

Indian textile exporters are seeking new buyers in Europe and offering discounts to existing U.S. customers to cushion the blow from steep U.S. tariffs of as much as 50%,

Honeywell expects record business jet deliveries over next decade

Aerospace supplier Honeywell said on Monday it expects record deliveries of new business jets over the next decade, providing the latest sign that demand for private air travel, which

World falling far behind deforestation goals with farms and fires driving loss, report says

The world is falling far behind a global goal to reverse deforestation by 2030, with losses being largely driven by agricultural expansion and forest fires,

Australian business activity holds steady in September, survey shows

Australian business conditions remained steady in September as improvements in sales and profits were offset by a fall in employment, a survey showed on Tuesday.

Australia central bank to be cautious, data dependent on future policy

Australia's central bank saw no need for an immediate cut in interest rates at its September policy meeting given some stickiness in services inflation and steady employment

Rio Tinto says strong year-end iron ore push needed as China demand surges

Rio Tinto said on Tuesday it needs a strong year-end finish to meet its iron ore shipment target, even as Chinese demand gathered pace as global economies front-loaded investment ahead of

Singapore keeps monetary policy unchanged as growth remains firm

Singapore's central bank kept its monetary policy settings unchanged on Tuesday, as expected, as growth in the city-state remained resilient

After hostages and prisoners are freed, complex issues remain for Israel-Hamas ceasefire

Israel and Hamas have taken a significant step in the ceasefire agreement for the Gaza war by releasing hostages and prisoners

UK consumer spending slows ahead of Reeves budget, retailers say

British consumer spending grew by the least in four months in September as uncertainty ahead of finance minister Rachel Reeves' budget next month and rising energy bills deterred

JPMorgan says leveraged ETFs worsened Friday's Wall St selloff

Large-scale selling of leveraged exchange-traded funds contributed significantly to Friday's U.S. stock market rout, according to a report published late on Sunday by

Brazil's Gol to be taken private under new restructuring plan

Brazilian airline Gol Linhas Aereas Inteligentes SA on Monday announced plans to go private as part of a corporate reorganization process.

New Zealand's central bank to ease home lending rules

New Zealand's central bank on Tuesday said it planned to ease mortgage loan-to-value ratio (LVR) restrictions from December 1 as house prices are

China begins charging port fees for US ships, exempts China-built ones

China has officially started collecting special port fees from U.S.-owned, operated, built, or flagged vessels on Tuesday but said Chinese-built ships would be exempted from the

Trio win Nobel economics prize for work on innovation, growth and 'creative destruction'

Joel Mokyr, Philippe Aghion and Peter Howitt won the 2025 Nobel

Human rights activist among two Venezuelans attacked in Colombia

A Venezuelan human rights activist and a political consultant were shot and injured in Colombia's capital on Monday in a hitman-style attack, Colombian officials said.  

British government to tweak planning overhaul to boost economic growth

The British government said it will make changes to its proposals to overhaul the planning system aimed at making it more pro-growth, in a move that may mitigate mounting fiscal

DHT says its fleet has no US links after China's new port fee move

Oil tanker operator DHT Holdings said on Monday that its fleet does not fall under the scope of China's new special port fees targeting U.S.-linked vessels.

Groups blast lack of progress on debt issues during South Africa's G20 presidency

A total of 165 organizations on Monday criticized South Africa for failing to make progress on debt sustainability issues during its presidency of the G20 major

Government shutdown could be the longest ever, House Speaker Johnson warns

Republican House Speaker Mike Johnson predicts the federal government shutdown may become the longest in history

Authorities name the 16 killed in Tennessee plant blast, with a painstaking investigation promised

Authorities have identified the 16 people killed in a devastating blast at a rural Tennessee explosives plant last week

Nobel economics prize goes to 3 researchers for explaining innovation-driven economic growth

Three researchers who probed the process of business innovation have won the Nobel memorial prize in economics for explaining how new products and inventions promote economic growth and human welfare, even as they leave older companies in the dust

US oil futures backwardation narrows to 20-month low on mounting fears of a glut

Front-month U.S. crude oil futures ended Monday's trading at their smallest premium since January 2024 over the seventh-month contract, as OPEC+ ramps up

Banks set to open earnings floodgate with Powell on tap

TRADING DAY Making sense of the forces driving global markets Jamie McGeever is enjoying some well-deserved time off, but the Reuters markets team will still keep

Global smartphone shipments rise in third-quarter on AI-driven upgrades

-Global smartphone shipments grew 2.6% in the third quarter this year, fueled by strong consumer demand for premium and AI-enabled devices, according to preliminary data from the International Data

Goldman Sachs buys venture capital firm Industry Ventures

Goldman Sachs has agreed to buy Industry Ventures, a leading venture capital firm that manages $7 billion of assets, in a bid to expand its services to technology entrepreneurs, it

IMF's Georgieva says countries lack regulatory, ethical foundation for AI

Countries around the world lack the regulatory and ethical foundation to deal with the rapid advent of artificial intelligence, IMF chief Kristalina Georgieva

Wall Street veers upward after Trump softens his criticism of China

U.S. stocks rallied and recovered more than half of their sell-off from Friday

Education Department layoffs hit offices that oversee special education and civil rights enforcement

A new round of layoffs at the Education Department is depleting an agency that was already hit hard in the Trump administration’s previous mass firings, threatening new disruption to the nation’s students and schools

NASA's Jet Propulsion Laboratory to lay off about 550 workers

NASA's Jet Propulsion Laboratory said on Monday it will cut nearly 550 jobs as part of a restructuring, not related to the current U.S. government shutdown.

Venezuela announces closure of Norway, Australia embassies

Venezuela's government said on Monday it will close its embassies in Norway and Australia and open new ones in Burkina Faso and Zimbabwe in a restructuring of its foreign

Equities rebound after Trump cools China rhetoric but gold at record highs

MSCI's global equities gauge rose almost 1% on Monday, regaining some of the ground lost in Friday's sell-off after U.S.

Wall Street ends sharply higher on Trump China comments; Broadcom surges

Wall Street's main indexes ended sharply higher on Monday, led by gains in

IMF chief Georgieva says IMF will keep pushing G20 to prioritize debt issues

International Monetary Fund Managing Director Kristalina Georgieva on Monday said the IMF will continue to push the Group of 20 major economies to focus on

Why crypto briefly but dramatically crashed when Trump renewed his trade war

Why crypto briefly but dramatically crashed when Trump renewed his trade war

OpenAI partners with Broadcom to design its own AI chips

OpenAI has announced a collaboration with chipmaker Broadcom to design its own AI computer chips

Dow gains almost 600 points after US-China trade showdown hits the pause button

Dow gains almost 600 points after US-China trade showdown hits the pause button

JPMorgan to invest up to $10 billion in US national security as part of $1.5 trillion pledge

JPMorgan Chase announced plans on Monday to hire bankers and invest up to $10 billion in U.S. companies critical to national security and economic resilience as part

How the United States is eating Trump's tariffs

U.S. companies and consumers are bearing the brunt of the country's new import

In rare move, Dutch government takes control of China-owned chipmaker Nexperia

The Dutch government has taken control of Chinese-owned computer chipmaker Nexperia, ratcheting up tensions with Beijing as a global fight brews over technology

Robinhood open to deals to grow prediction markets business, executive says

Trading platform Robinhood Markets is open to potential acquisitions in the fast-growing prediction markets space if the right opportunity presents itself,

Oil settles higher as US, China try to de-escalate trade tensions

Oil prices rose on Monday after assurances that U.S.

Moody's puts Chrysler owner's credit ratings on negative outlook

Credit rating agency Moody's Ratings changed European automaker Stellantis' ratings outlook to negative on Monday, though maintained its current ratings.

Sacramento locals preparing for Northern California's first storm of the season

Sacramento locals preparing for Northern California's first storm of the season

Silver prices hit record high as investors rush into safe havens

Silver prices hit record high as investors rush into safe havens

Michelin cuts annual outlook on worse-than-expected tire demand in North America

French tire maker Michelin on Monday cut its full-year outlook citing worse-than-expected business conditions in the North American market that have eroded sales volumes and margins.

Dating app Grindr explores go-private deal, Semafor reports

Insiders at dating app Grindr are discussing taking it private after a share slump put its top owners in a tight personal financial position, Semafor reported on Monday, citing people

Zelenskiy to meet Trump on Friday to talk air defence, new weapons

Ukrainian President Volodymyr Zelenskiy said on Monday that he would meet U.S.

Fed's Paulson says Fed would react to burst of inflation

Federal Reserve Bank of Philadelphia President Anna Paulson said on Monday that if inflation pressures do not moderate as she expects the central bank should be willing to take action.

Tariff uncertainty could curb investment in small businesses, UN trade agency says

Small and medium-sized businesses and developing economies are likely to be at particular risk of a slowdown in investment due to ongoing tariff uncertainty,

Fed's Paulson anticipates more rate cuts to support job market

By Michael S.

Nobel laureate Philippe Aghion says creative upbringing shaped his vision of innovation and freedom

French Nobel economics laureate Philippe Aghion reflects on the creative roots that shaped his award-winning ideas about innovation and growth

Taylor Swift is keeping the ‘Eras Tour’ love going with a docuseries and concert film

Taylor Swift is keeping the ‘Eras Tour’ love going with a docuseries and concert film

Stock futures rise after Trump hints at backing off from new China tariffs

Stock futures rise after Trump hints at backing off from new China tariffs

Governor Stein, NCDHHS announce more than $6.5 billion in medical debt erased in North Carolina

Governor Stein, NCDHHS announce more than $6.5 billion in medical debt erased in North Carolina

Large service outage affecting Charter Spectrum customers after lines deliberately cut, officials say

Large service outage affecting Charter Spectrum customers after lines deliberately cut, officials say

FACT FOCUS: With a truce in Israel, Trump now says he's ended eight wars. His numbers are off

As Israel and Hamas traded hostages and prisoners on Monday, President Donald Trump addressed the Israeli parliament, saying the region is finally at peace and claiming he has now ended eight wars in eight months

Airbus sees supply progress, Spirit deal to close in fourth quarter

Airbus has seen a marked improvement in confidence and performance from its suppliers, all of whom are ready to support the company's target of increasing deliveries by

Country Garden secures $1.14 billion loan-to-equity conversion as part of restructuring

Embattled Chinese property developer Country Garden said on Monday its controlling shareholder had agreed to convert $1.14 billion in loans to equity as part of its offshore debt

South Korea says it flagged Hyundai US investment plan concerns

South Korea's industry minister said on Monday that the government had expressed concerns over Hyundai announcing multi-billion dollar U.S. investment plans at the same

The planet has entered a ‘new reality’ as it hits its first climate tipping point, landmark report finds

The planet has entered a ‘new reality’ as it hits its first climate tipping point, landmark report finds

Warburg Pincus to buy Germany's PSI for over 700 million euros

Private equity firm Warburg Pincus has struck a deal to buy Germany's PSI Software for more than 700 million euros ($811 million), with shareholder and customer E.ON remaining a strategic

Amazon to hire 250,000 workers during holiday season for third straight year

Amazon said it plans to hire 250,000 workers for the holiday season across its fulfillment and transportation networks in the U.S., the same number as the last two years, as the e-commerce

iPhone Air to begin pre-order in China after telecom operators approved for eSIM services

Apple's iPhone Air would be available for pre-order in China later this week, as major Chinese telecom operators obtained regulatory approvals for eSIM services, the company said on

Power Integrations joins work with Nvidia on power supply push 

Power Integrations, a niche chipmaker that provides chips for handling power, on Monday said it is working with

OpenAI taps Broadcom to build its first AI processor in latest chip deal

By Max A.

Beyond Meat slumps as shareholders agonize over debt exchange offer

(Reuters News) -Beyond Meat shares tumbled as much as 58% on Monday after the plant-based meat maker announced an early settlement of an exchange offer with its bondholders through the issue of fresh

Soaring fund manager pay cost Eisler Capital dear

(In October 10 story, corrects paragraph 15 to clarify that while some high-fee models have underperformed traditional models, full pass-through models are marginally ahead) By Nell Mackenzie LONDON (

European shares recover from near two-week low as Trump softens China tariff stance

European shares staged a modest comeback on Monday, shaking off Friday's bruising selloff after U.S.

BoE's Greene sees more rate cuts but fears inflation might fall more slowly

Bank of England policymaker Megan Greene said on Monday that interest rates would probably fall further but there were risks that the broad weakening of inflation pressures in

Hedge funds shift focus to global industrials, shed US stocks

Hedge funds last week rushed into global industrial stocks and dumped U.S. equities, which on Friday suffered their worst one-day sell-off since April as tariff

Argentina inflation forecast to have accelerated in September: Reuters poll

Argentina's inflation is forecast to have accelerated in September over August though the impact of recent currency volatility was probably limited, a Reuters poll showed.

Brookfield acquires remaining Oaktree stake for $3 billion to boost credit business

Brookfield said on Monday it would buy the remaining 26% stake in U.S.-based asset manager Oaktree Capital Management for about $3 billion, as the investment firm looks to strengthen its

First Brands CEO James resigns amid bankruptcy process; turnaround expert in charge

First Brands said on Monday founder Patrick James had stepped down as CEO and will be succeeded by Chief Restructuring Officer Charles Moore on an interim basis, as the auto parts maker

EU's Von der Leyen says private sector deals could unlock 4 billion euros for Western Balkans

European Commission President Ursula von der Leyen said on Monday private sector deals signed or in the pipeline could unlock about 4 billion euros ($4.63 billion) in new investment

US is ready for deal with Iran when Tehran is, Trump says

The United States is prepared to make a deal with Iran when Tehran is ready, U.S.

Codelco lifts El Teniente loss estimate, copper output target intact

Codelco's copper losses from the accident at its El Teniente mine are likely to be 45% higher than previously estimated, but Chairman Maximo Pacheco still expects

StubHub gains ground after analysts endorsements ease post-IPO jitters

StubHub shares rose nearly 6% in early trading on Monday after a raft of upbeat ratings from brokerages lifted investor sentiment in the ticketing platform following a

Trump's latest China tariff brinkmanship clouds IMF, World Bank meetings

Finance chiefs gathering in Washington this week were ready to discuss the global economy's surprising resilience in the face of Donald Trump's tariff assaults -

What to know as Israel and Hamas exchange hostages and prisoners and Trump visits the Middle East

Israel says it has received 20 hostages released by Hamas while Israel has released nearly 2,000 Palestinian prisoners as the ceasefire in Gaza held amid a critical day for all sides and the region

How the government shutdown is making the air traffic controller shortage worse and leading to flight delays

Air traffic controllers are considered essential workers and required to work without pay during the shutdown, but there are reports some are calling in sick in greater numbers than usual.

Sora 2 and ChatGPT are consuming so much power that OpenAI just did another 10 gigawatt deal

Sora 2 and ChatGPT are consuming so much power that OpenAI just did another 10 gigawatt deal

India and Canada agree on new roadmap for relations

India and Canada agreed on Monday on a new roadmap for their relations after talks between their foreign ministers in New Delhi, as both countries seek to mend ties strained over

Italy in standoff with KKR over telecom network

Italy is at loggerheads with U.S. investment firm KKR over the future of the state-backed firm which manages the country's main telecom

Mali to impose reciprocal visa bond requirement for US nationals

Mali has announced it will require U.S. nationals to post bonds of up to $10,000 for business and tourist visas, after the Trump administration said the West African nation would be added

Copper's rally needs China impetus to reach record

Copper prices touched $11,000 per metric ton on October 9, a milestone seen on only two other trading days in the history of the London Metal Exchange - and one that has

Salesforce boosts AI capabilities with global launch of Agentforce 360

Salesforce said on Monday its artificial intelligence platform "Agentforce 360" would be available globally across its suite of cloud-based tools to help clients automate routine tasks.

Germany to acquire armoured vehicles worth almost $7 billion

The German government will order 424 new wheeled armoured vehicles for almost 7 billion euros ($8.11 billion), according to finance ministry documents seen by

Stellantis delays strategic plan as CEO faces US, EU regulatory hurdles

Stellantis is set to delay the unveiling of its new strategic plan to the second quarter of next year to give CEO Antonio Filosa more time to address major

Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause

Goldman Sachs has lost more than a dozen senior investment bankers this year, a higher number than normal, after internal shake-ups and a sluggish start to 2025

JPMorgan to invest up to $10 billion in US companies with crucial ties to national security

JPMorgan Chase will directly invest up to $10 billion in U.S. companies with crucial ties to national security

Pakistani troops on high alert on Afghan border after fighting, trade halts

Pakistani troops were on high alert on the border with Afghanistan on Monday after fierce fighting between the two sides at the weekend left dozens dead and drew

OPEC points to smaller 2026 oil supply deficit as OPEC+ pumps more

World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from

Arthur M. Blank Family Foundation donating $50 million to historically Black Atlanta colleges

The Arthur M

Senate Republicans face states' healthcare concerns in high-stakes shutdown standoff

A handful of U.S.

Airlines face $11 billion supply chain hit in 2025, IATA says

Global airlines face more than $11 billion in extra costs from supply chain disruption this year, a leading industry group said on Monday, in

Tesla's Shanghai gigafactory begins production ramp-up in Q4

Tesla's Shanghai gigafactory, its largest manufacturing hub globally, has begun production ramp-up in the fourth quarter, Tesla vice president Tao Lin said in a Weibo post on Monday

Moldova's prime minister says he will not seek new term following election

Moldovan Prime Minister Dorin Recean said on Monday he would not seek a new term, paving the way for a new head of government following the pro-Western governing party's victory in

UN shipping emissions deal to pit US against EU-led bloc

The International Maritime Organization will meet this week to formally decide whether to impose a carbon emissions price on global shipping, a move supported by an

Blackstone sells $1.3 billion UK logistics assets, considers Big Yellow bid

Blackstone said on Monday it would sell about 1 billion pounds ($1.3 billion) of UK logistics assets to Tritax Big Box in exchange for cash and a 9% stake, and was separately

India's retail inflation slows to eight-year low in September, leaving room for rate cut

India's annual retail inflation slowed to an eight-year low of 1.54% in September, government data showed on Monday, as food prices eased, leaving room for the

Jamie Dimon announces massive $10 billion bet on US national security: ‘We need to act now’

Jamie Dimon announces massive $10 billion bet on US national security: ‘We need to act now’

TSMC Q3 profit expected to soar 28% on AI spending boom

TSMC, the world's largest manufacturer of advanced artificial intelligence chips, is expected to post a 28% jump in third-quarter profit to a record

Deutsche Bank turns 'overweight' on European equities

Deutsche Bank upgraded its stance on European equities to "overweight" on Monday, citing cheap valuations and a strong fiscal backdrop, and forecast the benchmark STOXX 600 index could hit

Soaring gold prices bring new headache to Tiffany-owner LVMH

The doubling of gold prices in two years, along with U.S. tariffs and a weaker dollar, have made it harder to defend gross margins for Tiffany owner LVMH and others in the high-end

India's Tamil Nadu cancels licence of cough syrup-maker linked to child deaths

India's southern state of Tamil Nadu has cancelled the licences of a cough syrup-maker linked to the deaths of several children over

US military will use R&D money to pay troops if shutdown persists

(This Oct 11 story has been refiled without any changes to the text.)

New England courts become a battleground for challenges to Trump

A federal judge in Boston had some pointed words for Donald Trump as he issued one of the dozens of decisions by courts in four New England states against the

India, US to hold trade talks as New Delhi seeks higher energy imports

India and the United States are set to hold trade talks this week, with New Delhi pledging to import U.S. energy and gas as it aims to address Washington's concerns

G20 risk watchdog warns of potential for financial market crash

The latest surge in global share prices and other assets has left markets susceptible to a crash given the current uncertain economic and geopolitical backdrop, the G20

Australia consults on critical minerals stockpile ahead of Albanese-Trump meeting

Australia is formulating a plan for its critical minerals reserve that will focus on sales of future production, limiting the need for a physical stockpile,

China's September exports to Russia show steepest decline in seven months