Economy

As US hunger rises, Trump administration’s ‘efficiency’ goals cause massive food waste

Despite the administration’s claim of streamlining the government to make its operations more efficient, a range of recent federal policies have, in fact, exacerbated food wastage.

MacKenzie Scott's college roommate once loaned her $1K. Now it's the billionaire's turn to invest

Billionaire philanthropist MacKenzie Scott is one of the world’s wealthiest women

Restaurant reservations spike for Thanksgiving as grocery store prices bite

Restaurant reservations spike for Thanksgiving as grocery store prices bite

Could the latest Ukraine talks actually end the war? Here’s what to know

Could the latest Ukraine talks actually end the war? Here’s what to know

US envoy coached Putin aide on how Russian leader should pitch Trump on Ukraine peace plan

President Donald Trump’s chief interlocutor with the Russian government last month advised a senior aide to Vladimir Putin on how the Russian leader should go about pitching the U.S. president on a Ukraine peace plan

National parks announce ‘America-first’ fee surges for international tourists

National parks announce ‘America-first’ fee surges for international tourists

OpenAI projects 220 million paying ChatGPT users by 2030, The Information Reports

Artificial intelligence firm OpenAI has projected at least 220 million of ChatGPT weekly users will pay for a subscription, The Information reported on Tuesday, citing a person familiar

Germany remains EU's top net contributor despite economic slump, study shows

Germany remained the European Union's largest net contributor in 2024 despite its ongoing economic crisis, though its payments have fallen sharply

Tesla CEO Musk says Austin robotaxi fleet to double next month

Tesla Chief Executive Elon Musk said on Tuesday that the number of robotaxis in Austin, Texas, will double in December, following the rollout of its self-driving service in the city in June

Japan PM Takaichi rules out risk of British-style 'Truss' shock

Prime Minister Sanae Takaichi ruled out on Wednesday the possibility that Japan could face a British-style "Truss moment", or loss of market confidence stemming from

Taiwan plans extra $40 billion in defence spending to counter China

Taiwan will introduce a $40-billion supplementary defence budget to underscore its determination to defend itself in the face of a rising threat from

UK inflation expectations fall sharply to 3.7% in November - Citi/YouGov

The British public's expectations for inflation over the next 12 months fell to 3.7% in November from 4.2% the previous month, a survey by YouGov for the U.S. bank Citi showed on

Australia warns its pension industry to be more prepared for wave of retirees

Australia's financial regulators have warned the country's A$4.5 trillion ($2.9 trillion) pension industry to speed up preparations for an estimated 2.5 million people due

Pets, anime and toys are part of China's latest effort to boost consumption

China unveiled a plan to boost consumption in the world's second-largest economy, detailing measures that include promoting upgrades of consumer goods in rural areas and sectors

Tesla says it values China suppliers, does not exclude any by origin

A top Tesla China executive said on Wednesday the U.S. automaker values the role of China-based suppliers and does not exclude any on the basis of country of origin or geographical

Japan says consumer sentiment improving, keeping its view on 'moderate' economic recovery

Japan's government said consumer sentiment on the economy was recovering despite persistent inflation in a monthly report published on Wednesday. 

Indian stocks to hit new highs by mid-2026 despite foreign exodus- Reuters poll

India’s stock market will reach record highs by mid-2026 and extend those gains through next year, a Reuters poll of equity analysts showed, as

Taiwan puts $40 billion toward buying US weapons and building a defense dome

Taiwan’s president has announced a special $40 billion budget for arms purchases, including to build an air defense system with high-level detection and interception capabilities

BOJ preps markets for near-term hike as weak yen overshadows politics

The Bank of Japan is preparing markets for a possible interest rate hike as soon as next month, sources say, reviving previous hawkish language as worries about sharp

US slashes 36% off Medicare spending on 15 high-priced medicines

The U.S.

Foxconn wins approval for new $569 million investment in Wisconsin

Taiwan's Foxconn said on Wednesday that it had secured regulatory approval to invest an additional $569 million in the U.S. state of Wisconsin to

Australia's financial conditions influenced by global factors, central banker says

A senior Australian central banker said on Wednesday the country's financial conditions were influenced by global factors, with low equity risk premia and credit spreads suggesting

China's GWM targets 300,000 annual production with first Europe car plant

China's Great Wall Motor is targeting annual production of 300,000 vehicles by 2029 in Europe where it is scouting locations for its first car

US Navy axes frigate program in another blow to efforts to keep up with China’s fleet

US Navy axes frigate program in another blow to efforts to keep up with China’s fleet

Bangladesh slum fire leaves thousands homeless

A massive fire tore through one of Dhaka’s largest slums on Tuesday evening, leaving thousands of people homeless and turning rows of tin-roofed shanties into charred rubble,

Sri Lanka central bank holds interest rate steady ahead of budget, IMF review

Sri Lanka's central bank kept its policy interest rate unchanged on Wednesday as it awaited approval of the country's budget and the latest loan review from the

China buys at least 10 US soybean cargoes in new deals after Trump-Xi call, sources say

China bought at least 10 cargoes of U.S. soybeans worth around $300 million in contracts signed since Tuesday, two traders with knowledge of

Reeves takes centre stage

A look at the day ahead in European and global markets from Gregor Stuart Hunter: It's make-or-break time for Britain's finance minister Rachel Reeves as she unveils later today a budget expected to

South Korea finance chief vows FX stability, but offers no near-term measures

South Korea's Finance Minister vowed on Wednesday to stabilise a weak won, but stopped short of introducing specific policy measures to address the situation, amid

Tesla struggles to course correct from sales skid

Tesla CEO Elon Musk has spent much of this year focused on the carmaker’s robotics pursuits and winning shareholder approval for his freshly minted $1 trillion

Ambitious plan to store CO2 beneath the North Sea set to start operations

INEOS plans to transform the Nini oil field in the North Sea into a carbon storage site

Thousands of Cubans struggle without power and water nearly a month after Hurricane Melissa

Thousands of Cubans remain without power, water or proper shelter almost a month after Hurricane Melissa pummeled the island’s eastern region as one of the strongest Atlantic storms in history

Trump says would prefer not to extend Obamacare subsidies

President Donald Trump said on Tuesday he does not want to extend Obamacare subsidies but might consider such a move after a report said

The US has released an ‘America First Global Health Strategy.’ Health experts warn it is risky

The US has released an ‘America First Global Health Strategy.’ Health experts warn it is risky

US Army secretary takes unlikely role as key negotiator in push to end Russia-Ukraine war

U.S. Army Secretary Dan Driscoll has become a key negotiator in the Trump administration’s push to end the Russia-Ukraine war

Global demand for rare earths is wreaking havoc on one of Asia’s mightiest river systems

Global demand for rare earths is wreaking havoc on one of Asia’s mightiest river systems

National Parks to raise fees for international tourists to popular US parks

The National Park Service says it is going to start charging international tourists an extra $100 to enter some of the most popular U.S. parks

Central bank body BIS appoints new head of tech hub

The Bank for International Settlements, the umbrella body for central banks, on

Trump admin says drug price negotiations will save Medicare roughly $12 billion

Trump admin says drug price negotiations will save Medicare roughly $12 billion

Cuba mulls new measures to entice foreign investment amid crisis

Cuba is considering a raft of measures to attract foreign investment by creating a "simpler, more agile and more transparent" business climate, a minister said on

Trading Day: Fed optimism, Thanksgiving week   

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

Ackman's Pershing Square targets $5 billion IPO for closed-end fund

Hedge fund manager Bill Ackman aims to raise $5 billion for a new U.S.-listed closed-end fund that will debut at the same time he plans to list his hedge fund firm,

Meatpacker JBS agrees to merge its leather assets with the ones from Viva

Brazilian meatpacker JBS said on Tuesday it had signed a binding memorandum of understanding with the shareholders of Viva to combine both firms' assets related to leather

Pentagon says Boeing awarded more than $7 billion in military contracts

The U.S. military has awarded Boeing two contracts valued at over $7 billion, the Pentagon said on Tuesday.

Apollo, other firms accused of of blocking debt refinancing in US antitrust lawsuit

Apollo Capital Management, BlackRock and six other financial firms were sued on Tuesday in federal court in Manhattan by broadband provider Optimum

Japan's leading indicator of service inflation hits 2.7% in October

A leading indicator of Japan's services sector prices rose 2.7% in October from a year earlier, data showed on Wednesday, a sign labour shortages continue to prod companies to pass on

Venture Global, Tokyo Gas sign 20-year LNG supply deal

U.S. liquefied natural gas (LNG) exporter Venture Global has signed a 20-year deal to supply Japan's top city gas provider, Tokyo Gas, with 1 million metric tons per annum (mtpa) of the

Workday posts lukewarm quarterly subscription revenue, shares fall

Workday reported third-quarter subscription revenue in line with Wall Street estimates on Tuesday, signaling softer demand and sending its shares down nearly 7% in extended trading.

Australia's inflation stubbornly high in October, closing door for rate cuts

Australian consumer inflation accelerated for a fourth straight month in October, a new data series showed on Wednesday, a hot result that has markets giving up hopes

Trump says China's Xi 'more or less agreed' to accelerate purchases of US goods

U.S.

USDA chief economist Seth Meyer to step down

Seth Meyer, the U.S.

Putin says authorities must 'strengthen' Russian identity in Ukraine

Russian authorities must increase the number of people who identify as Russian and speak Russian in the parts of Ukraine incorporated into the country since Moscow's 2022 invasion,

NZ central bank cuts cash rate by 25 bps to 2.25%

New Zealand's central bank cut its benchmark official cash rate by 25 basis points to 2.25% on Wednesday, its lowest level since mid-2022, as policymakers extended

Bolivia's new president plans to scrap taxes and borrow money to confront economic crisis

President Rodrigo Paz of Bolivia says he will scrap a ream of taxes in one of his first moves since becoming the nation’s first conservative leader in nearly two decades in a bid to rescue a crisis-stricken economy

Thanksgiving travel forecasts point to typically busy airports, roads and trains

People with Thanksgiving travel plans may still feel on edge after the U.S. government shutdown that caused widespread flight cancellations and delays

European car industry risks 'irreversible decline', Stellantis chairman warns

Stellantis Chairman John Elkann on Tuesday warned that the European auto industry risks an "irreversible decline".

Nigeria's central bank holds key rate, wants inflation to fall further

Nigeria's central bank left its main interest rate unchanged on Tuesday, saying it wanted inflation to fall further, but it lowered a

Ukraine's anti-graft chief expects new charges in major corruption case

Investigators in Ukraine could bring new charges in a sweeping probe into high-level graft that has fuelled the country's worst wartime political crisis, the country's

Federal Bureau of Prisons says falling concrete is forcing it to close a prison near Los Angeles

The federal Bureau of Prisons is shutting down its Terminal Island facility near Los Angeles over concerns about crumbling infrastructure, including falling concrete that threatens to knock out the facility’s heating system

France and Germany step up pressure on arms firms to resolve fighter impasse

France and Germany are ratcheting up pressure on their industrial champions to rescue Europe's next-generation fighter

US pending home sales increase in October amid lower mortgage rates

Contracts to purchase previously owned U.S. homes increased more than expected in October, likely as lower mortgage rates pulled buyers back into the market.

In plea to EU, Stellantis chairman warns European car industry risks 'irreversible decline'

Stellantis Chairman John Elkann on Tuesday warned the European auto industry risks an "irreversible decline" if the European Union does not soften its stance on cuts in carbon

Dick's Sporting warns Foot Locker reset could cost up to $750 million; shares drop

(Corrects stock move in paragraph 2 to 3% from 6% in early trading, not premarket; also corrects margin forecast drop in paragraph 8 to a range of 1,000 to 1,500 basis points, not 1,500 basis points

HP to cut about 6,000 jobs by 2028, ramps up AI efforts

HP Inc said on Tuesday it expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to streamline operations and adopt artificial intelligence to

Analog Devices sees upbeat quarterly results on resilient demand

Analog Devices on Tuesday forecast first-quarter profit and revenue above estimates, after beating fourth-quarter expectations, as the chipmaker benefited from strong demand despite tariff

Keurig Dr Pepper taps Mattel veteran Anthony DiSilvestro as CFO

Beverage maker Keurig Dr Pepper on Tuesday appointed Anthony DiSilvestro as the company's chief financial officer, effective immediately, replacing outgoing CFO Sudhanshu Priyadarshi.

US tech valuations stretched further as earnings contribute less

U.S. tech companies' share of S&P 500 earnings has been slipping even as their contribution to the index's market value remains near multi-decade highs, raising

UK to move with EU on Russian frozen assets, Starmer says

British Prime Minister Keir Starmer on Tuesday told a Coalition of the Willing meeting that London was "ready to move" with the European Union on providing financial support to

US business inventories unexpectedly flat in August as stocks at retailers fall

U.S. business inventories were unexpectedly unchanged in August, with stocks at retailers falling amid strong sales.

J.M. Smucker forecasts annual profit below estimates as coffee inflation bites

J.M. Smucker on Tuesday forecast annual profit below analysts' estimates as a surge in coffee costs is expected to squeeze its margin, sending shares of the food maker down 3%.

Brazil's Lula leads potential right-wing rivals ahead of 2026 vote, poll shows

Brazilian President Luiz Inacio Lula da Silva leads all potential right-wing challengers for the 2026 election, while his approval ratings have climbed in recent months, a poll by

Bolivia negotiating $9 billion in multilateral loans to spur recovery

Bolivia is negotiating multilateral financing that will exceed $9 billion for public and private projects, Economy Minister Jose Gabriel

Lukoil co-founder Fedun sells his stake back to company, sources say

Leonid Fedun, a co-founder of Lukoil, has sold his roughly $7 billion stake in the Russian company, three sources said and data

TikTok names former Boeing exec as US public policy chief

TikTok said Tuesday it had named former Boeing government affairs chief Ziad Ojakli as the short video app's head of public policy for the Americas as it

OPEC+ seen keeping oil output unchanged, focus on capacity debate

OPEC+ is likely to leave output levels unchanged at its meeting on Sunday while focusing talks on a theoretical topic of how much oil its members can

Toronto Stock Exchange parent sees stronger IPO market heading into 2026

TMX Group, which operates the Toronto Stock Exchange, is expecting a big pickup in stock market listings heading into 2026, boosted by a robust pipeline of companies

Europeans told U.S. Rubio to maintain pressure on Russia, von der Leyen says

The leaders of the European countries supporting Ukraine, the so-called coalition of the willing, on Tuesday insisted to keep pressuring Russia with sanctions in a video call with

UK government approves 4.1% rise in minimum wage for 2026

Britain's main minimum wage rate will rise by 4.1% to 12.71 pounds ($16.67) an hour next April to keep up with average pay, the government said on Tuesday, despite

US retail sales growth cools; consumer sentiment sags amid job market worries

U.S. retail sales increased less than expected in September, suggesting consumer fatigue amid higher prices because of tariffs, though the moderation did not

US bank regulator approves relaxed leverage rules

A U.S. bank regulator approved new final rules aimed at easing leverage requirements for banks, requiring firms to set aside less capital as a cushion against

Good chance Trump may unveil Fed pick by Christmas, Bessent says

U.S. Treasury Secretary Scott Bessent said on Tuesday he was concluding a second round of interviews later in the day for a new U.S.

S&P Global puts Under Armour's ratings on downgrade watch

Credit rating agency S&P Global on Tuesday placed sportswear company Under Armour's ratings on watch for potential downgrades.

US states sue to block Trump administration from restricting homelessness funding

A group of U.S. states filed a lawsuit on Tuesday seeking to block President Donald Trump's administration from placing new restrictions on more than $3 billion in grant

JetBlue ground workers seek union vote, IAM says

The International Association of Machinists and Aerospace Workers (IAM) said on Tuesday it will file for union representation election covering about 3,000 JetBlue ground workers.

Robinhood CEO's math-focused AI startup Harmonic valued at $1.45 billion in latest fundraising

Harmonic, an artificial intelligence startup co-founded by Robinhood CEO Vlad Tenev, has raised $120 million in new funding, valuing the company at $1.45 billion, as it

UN kicks off process to elect next secretary-general

The process to elect the next United Nations secretary-general formally kicked off on Tuesday as member states were asked to nominate candidates to take over the role from

US military's Caine meets with Trinidad prime minister

A top U.S. military official on Tuesday met with Trinidad and Tobago Prime Minister Kamla Persad-Bissessar to reaffirm partnership and discuss priorities for regional security and stability

How will the next UN chief be chosen and who wants the job?

A new United Nations secretary-general will be elected next year for a five-year term starting on January 1, 2027.

US budget deficit hits $284 billion in October; report impacted by shutdown

The U.S. government posted a higher $284 billion deficit for October in a report delayed and impacted by the recent federal government shutdown and reflecting record tariff

Health care plan circulated by the White House runs into familiar GOP divisions

A health care proposal circulated by the White House in recent days is running into Republican divisions on the issue

US Treasury secretary takes aim at Fed's interest rate control system

U.S. Treasury Secretary Scott Bessent said on Tuesday the Federal Reserve's system of managing interest rates is struggling and needs to be simplified.

US judge approves bid from Elliott affiliate for Citgo Petroleum parent

A U.S. judge on Tuesday approved a $5.9 billion bid from an affiliate of Elliott Investment Management in the court-organized auction of Citgo Petroleum's parent

Dell bets on rising AI server demand to forecast higher growth

Dell forecast fourth-quarter revenue and profit above Wall Street estimates on Tuesday, as increasing investments in data centers to support artificial intelligence boost

Warner Bros Discovery seeks improved bids by December 1, sources say

Warner Bros Discovery has asked potential buyers to submit improved offers by December 1, two sources familiar with the matter said on Tuesday.

'Jackpotting': ATMs rigged to spit out cash in Salina

'Jackpotting': ATMs rigged to spit out cash in Salina

A look at Kirill Dmitriev, the Russian envoy who helped craft the new Ukraine peace proposal

Kirill Dmitriev has emerged as a key player in drafting a new proposal to end Moscow’s war in Ukraine

Stocks climb on hopes for lower interest rates as Dow rallies 660 points

Stocks climbed again on hopes for a coming cut to interest rates

The Latest: FBI seeks interviews with Democratic lawmakers who urged troops to defy illegal orders

Democratic lawmakers who appeared in a social media video urging U.S. troops to defy “illegal orders” say the FBI has contacted them to begin scheduling interviews, signaling a possible inquiry into the matter

How food assistance programs can feed families and nourish their dignity

Free food may fill your stomach, but it doesn’t always satisfy the desire to feel fully human.

Brussels airport says 110 extra flights cancelled on Wednesday due to strike

Brussels Airport will cancel 110 of the 203 incoming flights on Wednesday, in addition to the departing flights already scrapped due to a nationwide strike, a spokesperson said,

Chinese 'right on schedule' for US soybean purchases, Bessent tells CNBC

Chinese purchases of American soybeans are "right on schedule", U.S.

Fed's Miran ties rising unemployment to current setting of monetary policy - Fox Business

Federal Reserve Governor Stephen Miran said in a television interview on Tuesday that a deteriorating job market was happening because of where the central bank has set it short-term

Rising energy costs lift US producer prices in September

U.S. producer prices rebounded in September as the cost of energy goods surged and producers passed on some tariffs.

What could Maduro offer Trump in potential talks? Oil

Venezuelan President Nicolas Maduro has the flexibility and the incentive to offer crude oil cargoes, which the country mostly sells to China, as a bargaining

Japan PM highlights Trump bond after first talks since China clash

"Call me anytime" was the message Japanese Prime Minister Sanae Takaichi said she received from U.S.

Wall Street opens mixed as investors assess data, Alphabet shines

Wall Street's main indexes were mixed at the open on Tuesday as investors took stock of a series of delayed economic data to gauge the health of the U.S. economy, while Alphabet gained

Retail sales miss expectations in September, producer prices rise

U.S. retail sales rose 0.2% after an unrevised 0.6% gain in August, the Commerce Department said on Tuesday, short of the 0.4% rise expected by economists polled by Reuters. 

EU Commission says euro zone 2026 fiscal stance should stay neutral

The aggregated fiscal stance of euro zone countries should stay neutral next year, the European Commission said on Tuesday in a recommendation that is to help coordinate fiscal

‘We trained for this’: Recent drill helped Louisville airport crews rapidly respond to plane crash

‘We trained for this’: Recent drill helped Louisville airport crews rapidly respond to plane crash

Rep. Eric Swalwell alleges in new lawsuit that Bill Pulte abused database access to gin up mortgage fraud claims

Rep. Eric Swalwell alleges in new lawsuit that Bill Pulte abused database access to gin up mortgage fraud claims

Best Buy ups sales outlook heading into holiday shopping ramp-up

Best Buy is raising its profit and sales expectations ahead of the holiday shopping season after a strong third quarter

New limits for a rent algorithm that prosecutors say let landlords drive up prices

Real estate software company RealPage has agreed to stop sharing nonpublic information between landlords as part of a settlement with the Department of Justice

New York firefighters union demands 9/11 toxins records be released after boxes of documents are uncovered

New York firefighters union demands 9/11 toxins records be released after boxes of documents are uncovered

U.S. Sen. Jim Justice of West Virginia agrees to pay nearly $5.2M in overdue personal taxes

U.S. Sen. Jim Justice of West Virginia has agreed to pay nearly $5.2 million in overdue personal taxes

Penny shortage hits some restaurants hard when it comes to exact change

Penny shortage hits some restaurants hard when it comes to exact change

Consumer confidence slides as Americans grow wary of high costs and sluggish job gains

U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown and amid weak hiring and stubborn inflation

SNAP funds reach widow days before Thanksgiving

SNAP funds reach widow days before Thanksgiving

North Texas senior without food and water calls 911 for help amid growing crisis

North Texas senior without food and water calls 911 for help amid growing crisis

Anonymous donor provides thousands of families with turkeys ahead of Thanksgiving

Anonymous donor provides thousands of families with turkeys ahead of Thanksgiving

Peace plan presented by the US to Ukraine reflects inexperienced, unrealistic handling of a delicate situation

In a war that’s lasted almost four years, a former diplomat says it’s not realistic to say, ‘In the next week, come up with a very complicated peace deal, sign off on it and it’s going to stick.’

US retail sales rose slightly in September, adding to months of big gains

Sales at U.S. retailers and restaurants rose slightly in September as resilient consumers moderated their spending after splurging over the summer

Alibaba's cloud business revenue soars 34% driven by AI boom

China's Alibaba Group is reporting a 34% jump in revenue from its cloud business, driven by the AI boom

US set to narrow its rare earth gap, others not so much

A multi-billion dollar pipeline of rare earth projects around the world is set to partly wean the U.S. off Chinese rare earths, but

Oil falls as Ukraine signals support for framework of Russia peace deal

Oil prices settled over 1% lower on Tuesday after Ukraine hinted that an intense diplomatic push by the U.S. administration to end Russia's war against it could be

A quarter of early child care educators in Colorado reported mistreatment from co-workers

Younger and more diverse teachers reported higher rates of bullying and discrimination by their colleagues. This can also affect the kids they care for.

Colleges teach the most valuable career skills when they don’t stick narrowly to preprofessional education

Parents and policymakers want job security for graduates, but in the AI and automation era, careers may depend as much on curiosity and initiative as on credentials.

Russia weighs how to prop up Russian Railways which is $51 billion in debt, sources say

Russia's government is discussing different ways to prop up Russian Railways, the country's biggest commercial employer, which has built up a 4 trillion rouble ($

Trump's battle with the BBC could threaten its global reach

When the BBC launched an expansion into the U.S. in June, its head of news promised "trust at a time of dramatic global uncertainty".

Wall Street ends higher as Federal Reserve rate cut bets gather momentum

Wall Street extended its rally on Tuesday as a spate of economic data appeared to support the case for the U.S.

Stocks advance, US yields retreat on heightened Fed cut expectations

Global stocks climbed on Tuesday and were set for a third straight session of gains, as investors remained optimistic the Federal Reserve would cut U.S.

Kohl's shares rally as another forecast raise signals turnaround taking hold

Kohl's on Tuesday projected a smaller drop in sales and bigger profit for the full year ahead of the new CEO's first holiday season at the helm, sending the U.S.

Abercrombie & Fitch raises annual profit forecast on Hollister strength; shares jump

Abercrombie & Fitch raised its annual profit forecast on Tuesday, betting on strong demand for its Hollister dresses and jackets as shoppers snap up in-trend apparel during

Brazil's foreign direct investment through October surpasses 2024 total

Brazil's foreign direct investment inflows through October have already surpassed last year's total, central bank data showed on Tuesday, as the government expects

Klarna to launch dollar-backed stablecoin as race in digital payments heats up

Swedish fintech firm Klarna on Tuesday said it will launch a U.S. dollar-backed stablecoin, becoming the latest major payments company to move deeper into digital assets as regulators

Best Buy raises annual forecasts as shoppers snap up holiday deals

Electronics retailer Best Buy raised its annual sales and profit forecasts on Tuesday, banking on strong holiday demand as shoppers seize steep discounts to upgrade their

UK tax options for finance minister Reeves in budget

British finance minister Rachel Reeves is expected to raise tens of billions of pounds in taxes in her budget on Wednesday to stay on track for her self-imposed fiscal rules, a key

Alphabet on pace to hit $4 trillion market value as AI gains momentum

Alphabet was on track to hit a historic $4 trillion market valuation on Tuesday, powered by an impressive year-long rally fueled by the Google parent's sharpened focus on artificial

Russia says amended US peace plan must reflect 'spirit and letter' of Trump-Putin summit in Alaska

Russian Foreign Minister Sergei Lavrov said on Tuesday that an amended peace plan for Ukraine must reflect the "spirit and letter" of understandings reached between President

Thanksgiving air travel plans cut by US government shutdown

A record number of Americans had been expected to fly during Thanksgiving, but a 43-day government shutdown dampened demand for one of the year's busiest travel

Big buzz, small market: Meta's smartglasses are a specialty gadget this holiday

Early tech adopters are gobbling up smartglasses like Thanksgiving turkey - especially Meta's new, retro-chic version with a visual display in the lens.

UK retailers' confidence collapses to 17-year low before budget

British retailers have reported the sharpest drop in confidence in 17 years and their sales fell again ahead of Wednesday's budget which is likely to include tax increases, according

European companies cut jobs in response to slowing economy

Several European companies have frozen hiring or cut jobs this year, citing difficult economic conditions exacerbated by U.S. tariffs.

Alibaba revenue tops estimates with strong instant retail, AI push

Chinese e-commerce giant Alibaba beat analysts' quarterly revenue estimates on Tuesday as investments in one-hour delivery helped drive more users

Inflation weighing on US income growth ahead of holiday season, study says

Inflation has helped set back income growth to levels comparable to the slow recovery from the Great Recession more than a decade ago, potentially

How French teachers' pensions leave students falling behind

France's education budget is being squeezed by its pension system: of the 90 billion euros earmarked for schools next year, more than a quarter will go to retired

Consumer readout tests Fed hopes

By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets As a year-end Federal Reserve interest rate cut comes back into play, the trickle of

She was promised work as a customer service agent. Instead she was trafficked to run online scams

Women describe horrifying conditions inside heavily-guarded centers where they were forced to con victims in romance scams and more. Hanako Montgomery travels to a scam compound that held over 5,000 trafficked workers. This story is part of As Equals, CNN's ongoing series on gender inequality. For information about how the series is funded and more, check out our FAQs.

‘Like a pawn in a game’: 13 months without representation in a Texas congressional district

‘Like a pawn in a game’: 13 months without representation in a Texas congressional district

Trump’s gas price discount has disappeared

Trump’s gas price discount has disappeared

The dirty secret of America’s holiday shopping season

The dirty secret of America’s holiday shopping season

The European Union votes to deepen defense industry ties with Ukraine

European Union lawmakers have voted to deepen integration of the bloc’s defense industry with Ukraine as a U.S. peace plan remains in flux and Russia’s unconventional warfare operations rattle the 27-nation bloc

Palestinian economy suffers worst-ever collapse after Israel-Hamas conflict, UN says

The two-year Gaza war and economic restrictions in the Israeli-occupied West Bank have triggered the worst collapse in the Palestinian economy on record, wiping out

Finland clings to happiness crown as economic gloom deepens

Harsh economic headwinds are sending

US dollar slumps as data backs Fed rate cut view; traders on yen alert

The U.S. dollar slid on Tuesday as a series of mixed economic data, some of which was delayed and therefore dated, reinforced expectations that the

UK's Rachel Reeves nears moment of truth with tax-heavy budget

"We won't have to do a budget like this ever again," Britain's finance minister Rachel Reeves declared a year ago, insisting she had restored stability to

EU needs new approach to spending to boost growth, ECB's Sleijpen says

The European Union needs to revamp how it spends money to revive growth, curbing state aid and redirecting funds towards "public goods" that will be critical for future growth, Dutch

European shares jump on Ukraine peace prospects, US rate cut hopes

European shares extended gains on Tuesday, led by materials and financial stocks, as investors continued to draw optimism from prospects of a

ECB policy 'in a good place' despite small inflation worries, policymakers say

European Central Bank policy is in a "good place" the Dutch and Irish central bank governors said on Tuesday, repeating the bank's long-standing mantra that has kept expectations for

Ageing populations a 'ticking time bomb' for GDP growth, says EBRD

Countries must act now to keep slowing population growth from wreaking havoc on their long-term economic prospects, the European Bank for Reconstruction and

UK's Domino's Pizza CEO steps down as strategy shift takes shape

Britain's Domino's Pizza said on Tuesday that CEO Andrew Rennie has stepped down, marking another senior departure as the company shifts strategy to tackle weak sales and rising costs.

Russia's car market faces bleak 2026 as scrappage fees drive prices up

Russia's depressed car market has shown weak signs of recovery as 2025 draws to an end, but is set to hit near-record lows early next year as higher scrappage fees drive

German home prices on track for 3%-plus annual rises, further stretching affordability- Reuters poll

German home prices will rise around 3% annually over the coming years, according to property analysts polled by Reuters, outstripping overall inflation and further

Australian delivery workers set to gain minimum pay in landmark deal with Uber Eats, DoorDash

Australian food delivery workers are on course to gain minimum pay levels after Uber Eats and DoorDash struck a deal with the country's transport union that is

Germany stagnates in innovation ranking as rivals surge ahead

Germany's innovation capacity is stagnating, with the country remaining stuck at 12th place in an innovation ranking while competitors including the United States,

UK's easyJet beats annual profit expectations, lifts target for holidays business

British carrier easyJet reported better-than-expected full-year operating profit on Tuesday and lifted its medium-term target for its holidays

South Korea ruling party to propose bill for US investment under tariff deal, report says

South Korea's ruling Democratic Party will propose a bill this week that would facilitate the country's investment in the U.S. under a deal that cuts tariffs on the country's exports,

Taiwan says 'no information' on cooperation with South Korea on US chip tariffs

Taiwan Premier Cho Jung-tai said on Tuesday he had "no information" about any cooperation with South Korea on U.S.

Thai cabinet approves $117 billion budget plan for 2027 fiscal year

Thailand's cabinet on Tuesday approved a 3.788 trillion baht ($116.7 billion) budget plan for the 2027 fiscal year, government spokesperson Siripong Angkasakulkiata said.

China pledges fresh Tonga investment as debt repayment looms

China's President Xi Jinping pledged fresh investment in Tonga when he met King Tupou VI of the South Pacific island nation in Beijing on Tuesday, as the

China extends beef import probe into 2026, giving exporters more breathing room

China has extended its investigation into beef imports by another two

Flying blind on a dovish wing

A look at the day ahead in European and global markets from Ankur Banerjee A risk-on rally spurred by the sudden shift in U.S. rate-cut wagers after dovish comments from policymakers may falter in

Britain's unpopular government prepares a high-stakes budget and hopes for growth

Britain’s Labour Party government is set to deliver a high-stakes budget aimed at fixing public finances and boosting economic growth

Nigeria faces record hunger amid insurgent attacks, aid cuts

A surge in militant attacks and instability in northern Nigeria is driving hunger to record levels, the U.N.

Singapore court clears way for $2.7 billion suit against Standard Chartered over alleged role in 1MDB fraud

A Singapore court has cleared the way for a $2.7 billion lawsuit against Standard Chartered Bank over its alleged role in 1MDB fraud, liquidators seeking to recover the funds

European car sales rise 4.9% in October, ACEA says

New car sales in Europe rose 4.9% in October as electric cars outpaced petrol and diesel registrations, European Automobile Manufacturers' Association data showed on

Nigeria's Dangote picks Honeywell to help fulfill ambitious capacity expansion

Nigeria's Dangote has tapped Honeywell to provide services and help double its refining capacity to 1.4 million barrels per day by 2028, in what is the clearest

Japan unveils its version of DOGE aimed at cutting wasteful spending

Japan on Tuesday launched a scheme aimed at cutting wasteful government spending by reviewing existing subsidy projects and investment funds, a move the administration

India's economy likely grew 7.3% in July–September quarter- Reuters poll

India's economy likely grew 7.3% in the July–September quarter, according to a Reuters poll of economists, underpinned by strong rural and

Tyson's beef plant closure in Nebraska will impact a reliant town and ranchers nationwide

Tyson Foods’ decision to close a beef plant in Lexington, Nebraska, could devastate the small city and undermine the profits of ranchers nationwide

It's a bird! It's a plane! It's a rare Superman comic book! And it fetched $9.12M!

A copy of the first Superman issue, unearthed by a trio of brothers cleaning out their late mother’s attic, netted $9.12 million at a Texas auction house which says it is the most expensive comic book ever sold

Lynas Rare Earths warns of production hit from power disruptions at Kalgoorlie

Lynas Rare Earths warned on Tuesday of a one-month production shortfall this quarter due to significant power supply disruptions at its Kalgoorlie processing

Bank of Korea to hold rates at 2.50% on November 27, cut pushed to next quarter: Reuters poll

The Bank of Korea will keep its key interest rate unchanged at 2.50% on Thursday as policymakers grapple with a volatile currency and an overheated

Google, Accel partner to back Indian AI startups

Alphabet's Google and venture capital firm Accel will partner to fund at least 10 early-stage Indian AI startups, marking the U.S. technology

Lawsuit blames Tesla design flaws for crash that killed Washington state woman, injured her husband

A lawsuit claims design flaws caused a Tesla Model 3 to accelerate uncontrollably before crashing into a utility pole and bursting into flames, killing Wendy Dennis and severely injuring her husband, Jeff

Republicans balk at Trump’s health care proposal before it’s even released

Republicans balk at Trump’s health care proposal before it’s even released

New survey finds rising pessimism among US Hispanics

As the first year of President Donald Trump's second term comes to a close, two new polls from the Pew Research Center find that Hispanic adults are increasingly unhappy with the way his administration is handling the economy and immigration, issues that were key for voters during last year’s election

She ‘wants to die there.’ The women forced to scam and the families left behind

She ‘wants to die there.’ The women forced to scam and the families left behind

Canada's top diplomat says Ottawa is working fast to advance India trade deal

Canadian Foreign Minister Anita Anand says Canada and India will move quickly to get a trade deal after two years of strained relations

Trading Day: Reanimated about December Fed cut

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

Realpage agrees to limit data collecting to settle DOJ rental price fixing case

The U.S.

Spotify to raise US prices in first quarter of next year, FT reports

Spotify will raise its U.S. subscription prices in the first quarter of next year, the Financial Times reported on Monday, citing three people familiar with the matter.

Global ambitions behind yuan's steady rise

The yuan has shrugged off a trade war, slow growth, rock-bottom interest rates and a slump in foreign investment, to head for its sharpest annual gain since the pandemic year of 2020.

White House circulates a plan to extend Obamacare subsidies as Trump pledges health care fix

The White House is circulating a proposal to extend Affordable Care Act subsidies for two more years

Trump’s new executive order brings together Big Tech, academics and the government on AI research

Trump’s new executive order brings together Big Tech, academics and the government on AI research

Trump signs executive order for AI project called Genesis Mission to boost scientific discoveries

President Donald Trump is directing the federal government to share scientific data and use artificial intelligence to accelerate discovery, including streamlining the nation’s electric grid

What we know and don’t know about DOGE’s reported demise

What we know and don’t know about DOGE’s reported demise

Trump administration orders review of Biden-era refugees, memo shows

U.S.

Apple cuts jobs across sales team

Apple said on Monday it is cutting jobs across its sales teams to strengthen its customer engagement efforts, noting that only a small number of roles will be impacted by the layoffs.

Zoom lifts annual outlook on growing demand for AI tools in hybrid work

Zoom Communications raised its annual revenue and profit forecasts on Monday, benefiting from hybrid work trends and the integration of artificial intelligence into its

Hamas attack victims sue Binance for allegedly allowing payments to militant group

Victims of Hamas' October 2023 attack on Israel sued Binance and its founder Changpeng Zhao, accusing them of facilitating millions of dollars in payments to the group

Most US Latinos feel their situation is worse under Trump, Pew poll finds

A majority of U.S.

Another rally for Alphabet leads the US stock market higher

The U.S. stock market rallied

Three vessels bound for US Gulf Coast terminals to load soybeans, sorghum for China

Two cargo vessels were headed for grain port terminals near New Orleans on Monday to load with the first U.S. soybean shipments to China since May, according to a

Comcast to pay $1.5 million US fine after vendor data breach

Comcast will pay a $1.5 million fine after a vendor breach exposed personal data from 237,000 current and former customers, the Federal Communications Commission said on Monday.

US business borrowing for equipment rises over 5% in October, ELFA says

U.S. companies borrowed 5.7% more to finance equipment purchases in October than a year earlier, showing little impact from the recent government shutdown, the Equipment Leasing and Finance

FAA to investigate airlines that did not comply with shutdown flight cuts

The Federal Aviation Administration will send investigative letters to airlines that did not comply with required flight cuts at

Trader BB Energy parts with some Houston traders in major reorganization

Commodities trader BB Energy has laid off over a dozen people from its Houston office, and parted with some oil traders in a major

USDA expects deals on farmer aid, Chinese soy buys within weeks

The Trump administration expects to announce an aid package for U.S. farmers within two weeks and a deal on Chinese soybean purchases, U.S.

Amazon to invest $15 billion in Indiana to boost data center infrastructure

Amazon.com is planning to invest about $15 billion in Northern Indiana to build data center campuses, the tech giant said as it looks to boost its cloud computing capacity to support

Wall Street ends higher on tech rebound, rising rate cut bets

Wall Street stocks closed higher on Monday, extending Friday's rally as increased odds that the U.S.

Michigan football's sign-stealing fines will cost school over $30 million, athletic director says

Michigan athletic director Warde Manuel said the NCAA penalties stemming from the football program’s sign-stealing operation will cost more than $30 million

Trump plans to propose extending Obamacare subsidies, report says

The White House is preparing a health-policy framework that would extend Affordable Care Act insurance premium subsidies for two years, Politico reported on Monday, a

US-backed aid company in Gaza shutters operations as Israel's military and defense minister clash

The U.S.- and Israel-backed Gaza Humanitarian Foundation, set up to distribute aid to Gaza as an alternative to the United Nations but which Palestinians said endangered the lives of civilians as they tried to get food, has said it will shutter operations

Broadcast giant Sinclair makes bid to buy out EW Scripps for $7 per share

Sinclair has submitted a bid to buy out E

Controversial Gaza Humanitarian Foundation to close aid effort

Controversial Gaza Humanitarian Foundation to close aid effort

FERC grants five-year extension to Sempra's Cameron LNG project in Louisiana

The U.S.

Disputed Gaza aid distributor backed by US and Israel ends operations

The Gaza Humanitarian Foundation, the U.S.- and Israeli-backed organisation to distribute aid in Gaza, said on Monday it was ending its operations after months of criticism over

Bank of Israel chief sees two more 25 bps rate cuts by Sept 2026

Bank of Israel Governor Amir Yaron said on Monday that economic conditions became appropriate for the first interest rate reduction in nearly two years but the pace of cuts is

Americans waiting for Obamacare subsidies delay or drop health insurance

Officials from several U.S. states say Americans relying on subsidies to afford Obamacare health insurance are holding off on enrolling as they face 2026 premium

Stocks jump, US yields fall as Fed rate cut bets increase

Global stocks advanced for a second straight session on Monday as rising expectations for a December rate cut from the U.S.

Oil prices settle up 1% on bets Fed will cut US rates and doubts about Ukraine peace

Oil prices climbed about 1% on Monday on increased bets of a U.S. interest rate cut in December and mounting doubts about whether Russia will get a peace deal

Trump says he will visit Beijing in April and host China’s Xi for a state visit later next year

President Donald Trump says he will visit Beijing in April and host China’s President Xi Jinping for a state visit later next year

Trump touts 'very good' call with China's Xi

U.S.

Tech companies tap debt markets to fund AI and cloud expansion

The world's largest technology companies are tapping debt markets, raising almost $100 billion through recent bond offerings, as they seek to bolster their artificial intelligence

White House postpones expected unveiling of new health care cost proposal

White House postpones expected unveiling of new health care cost proposal

US BEA cancels advance third-quarter GDP estimate

The U.S.

Tegna shares fall 5% after Trump criticizes lifting local TV ownership cap

Shares in Tegna fell 5.5% on Monday after President Donald Trump criticized a proposal to lift the current cap on local television station ownership, which is

US dollar slips as dovish Fed comments weigh; yen falls

The U.S. dollar dipped on Monday, as investors weighed dovish remarks from Federal Reserve officials that boosted expectations for a rate cut next month

US lawmakers probe FAA grant delays over aircraft mechanic shortage before Thanksgiving

A U.S. government delay on funding a grant program risks worsening a shortage of aircraft mechanics at a time when the country's aging aviation

US government to shed 317,000 workers this year, Trump's HR chief says

The Trump administration will shed about 317,000 employees this year, its human resources chief said, a higher figure than previously estimated.

Russia's largest lender sees economy cooling for another year

Russia's economy is seeing "continued cooling" with growth likely to remain at around 1% next year and business activity remaining weak for

Brazil central bank still uneasy on inflation outlook, governor says

Brazil's central bank remains dissatisfied with progress toward bringing inflation back to its target, its governor said on Monday, stressing that policymakers will maintain a data

Bank of Ghana weighs rate cut as inflation cools faster than expected

Ghana's central bank is considering another interest rate cut after inflation fell faster than anticipated, leaving real borrowing costs at elevated levels that could constrain the

US senators say Trump has failed to prevent Russian LNG from helping fund war in Ukraine

Four Democratic U.S. senators

Amazon pledges up to $50 billion to expand AI, supercomputing for US government

Amazon.com said on Monday it would invest up to $50 billion to expand AI and supercomputing capabilities for Amazon Web Services U.S. government customers, in one of the

Who will get hit hardest by ACA premium increases in four charts

Who will get hit hardest by ACA premium increases in four charts

If you were given a $2,000 tariff ‘rebate check,’ what would you do with the money?

If you were given a $2,000 tariff ‘rebate check,’ what would you do with the money?

EU missing the boat on AI, jeopardising its future, Lagarde warns

Europe is jeopardising its own future by missing the boat on artificial intelligence and must quickly remove obstacles that prevent the diffusion of this new technology, European

Bank of Israel cuts rates for first time since January 2024, future cuts to be gradual

The Bank of Israel cut interest rates by a quarter-point on Monday, its first reduction in nearly two years, citing a moderation in inflation leading up to the

Trump touts 'extremely strong' China relations after call with Xi

President Donald Trump touted relations with China as "extremely strong" on Monday following a call with Chinese leader Xi Jinping, who told Trump that

Alphabet races toward $4 trillion valuation as AI-fueled gains accelerate

Alphabet closed in on a $4 trillion valuation on Monday, set to become only the fourth company to enter the exclusive club, as the Google parent rides an

Fed's Waller says he met with Treasury Secretary 10 days ago about Fed chair position, Fox Business reports

U.S.

India's fiscal, monetary measures to boost investment and growth, RBI report says

The Indian government's domestic tax reductions and the Reserve Bank of India's interest rate cuts this year will help boost private investment and economic growth, the central bank

Fed's Waller: December cut appropriate, but January action more uncertain

The job market is weak enough to warrant another quarter-point rate cut in December, though action beyond that depends on an upcoming flood of data delayed by the government

US demands 'balanced' EU digital rules before it cuts steel tariffs

The United States on Monday demanded that the European Union make its regulation of the tech sector more "balanced" in exchange for a reduction of U.S. tariffs

US Supreme Court declines bid to revive UBS whistleblower's jury award

The U.S.

US banks report 13.5% jump in profits: FDIC

The U.S. banking industry saw its profits jump 13.5% to $79.3 billion in the third quarter of 2025, the Federal Deposit Insurance Corporation reported Monday.

Mexico's persistent core inflation fuels annual price rises in early November

Mexico's annual inflation rate stood above expectations at 3.61% in the first half of November, official data showed on Monday, affected by sticky core

America’s teachers are being priced out of their communities − these cities are building subsidized housing to lure them back

With teacher shortages mounting and housing costs soaring, school districts from California to Ohio are experimenting with a new solution: building homes for educators on school-owned land.

FTSE 100 edges down with consumer staples, industrials stocks dragging

London's FTSE 100 edged lower on Monday, as consumer staples and industrials stocks weighed, while investors awaited the British government's highly anticipated budget this week.

Trafigura's former top nickel trader denies he colluded on $600 million fraud

Trafigura's former head nickel trader denied allegations by Indian businessman Prateek Gupta on Monday in a London trial that he helped devise a $600 million fraud to

Ice cream only: Magnum braces for life on its own as Unilever spinoff nears

Unilever's ice cream business is gearing up for its multi-billion-dollar spin-off next month, ready to tackle challenges from logistics to the rising

Grindr ends talks on $3.46 billion take-private bid over financing uncertainty

Dating app Grindr said on Monday it has ended talks on a $3.46 billion take-private deal by its two largest shareholders, citing uncertainty over the deal's financing.

Health insurers rise on report Trump considering ACA subsidy extension

Shares of U.S. health insurers jumped on Monday following a media report the White House was preparing to unveil a policy framework that would extend Affordable Care Act premium subsidies -

Mastercard, L'Oreal launch joint business card for beauty salons in Latin America

Mastercard and L'Oreal are launching a joint business card for beauty salon operators in Latin America and the Caribbean, they said in a joint statement on Monday.

Wall Street opens higher on Fed interest rate-cut expectations

Wall Street's main indexes opened higher on Monday, buoyed by expectations of an imminent Federal Reserve interest rate cut in December, while investors were also combing for fresh data to

Nonprofit news outlets are often scared that selling ads could jeopardize their tax-exempt status, but IRS records show that’s been rare

Nonprofit news outlets face pressure to find new sources of revenue from their funders.

From invasive species tracking to water security – what’s lost with federal funding cuts at US Climate Adaptation Science Centers

The people who manage America’s aquifers, wetlands, shorelines and recreation areas rely on federal science as they face new and rising risks in a changing climate.

G20 declaration in defiance of US marks rare victory for multilateralism

Born of crisis but torn by years of tensions among its members, the Group of 20 major economies scored a rare victory this weekend for

Companies tone down price hike talk as tariff fog clears

Fewer global companies signaled price hikes in the third quarter, pointing to a change in tack as U.S. trade deals facilitate clearer

How the UK economy has fared since Reeves' first budget

Finance minister Rachel Reeves has vowed for the past year to speed up Britain's economy but growth has slowed recently on worries about more

Financial services firm SWB to list on NYSE in $8.1 billion SPAC deal

Financial services firm SWB will go public in the U.S. through a merger with Soulpower Acquisition Corp in a $8.1 billion deal, the special purpose acquisition company said on Monday.

EU vows to keep supporting Ukraine with cash and weapons as peace talks continue

European Council President Antonio Costa pledged on Monday that the European Union will keep on supporting Ukraine, as he hailed "new momentum" in peace negotiations to end the war

Czech 2026 budget hits snag as election winners reject draft plan

The likely next Czech government rejected the outgoing administration's 2026 budget draft on Monday, raising the chances of a delay to approving the plan by the end of the year and a

Stores keep prices down in a tough year for turkeys. Other Thanksgiving foods may cost more

Bird flu and another disease have shrunk the U.S. turkey population to a 40-year low this year

Myanmar state television broadcasts army crackdown on scam centers

Myanmar’s military government has begun broadcasting extensive video on state television of its crackdown on online scam centers

She lost her son to gun violence. Now she’s part of a movement credited with Baltimore’s crime drop

She lost her son to gun violence. Now she’s part of a movement credited with Baltimore’s crime drop

UBS raises copper outlook as mine disruptions deepen supply deficits

UBS expects copper prices to rise into next year, citing tightening supply from persistent mine disruptions and strong long-term demand from electrification and clean-energy investment, the

French PM pressures lawmakers to pass 2026 budget despite parliament tensions

French Prime Minister Sebastien Lecornu put pressure on lawmakers on Monday to pass the 2026 budget by the end of the year after the deeply divided lower house of parliament rejected

European shares recover on US rate-cut optimism; Ukraine peace talks in focus

European shares ended higher on Monday, boosted by technology-focused stocks as risk sentiment improved on growing expectations of a U.S. interest rate

EU approves Omnicom's acquisition of IPG without conditions

The EU Commission on Monday said it had unconditionally approved Omnicom Group's $13.25 billion all-stock deal to buy rival Interpublic Group.

Uber seeks Turkish blessing to buy Getir Food from Mubadala, sources say

Uber has reached agreement on key elements of a deal to acquire Turkish delivery company Getir's food business from Emirati controlling

Trump seizes control of Republicans' 2026 election strategy with his presidency on the line

President Donald Trump isn't on the ballot in next November's midterm elections, but he’s plunging into them with his own presidency

Economists see slightly faster US growth, sticky inflation in 2026

U.S. economic growth will increase slightly next year but employment gains will remain sluggish and the Federal Reserve will slow any further rate cuts,

Record US Black Friday crowds to find fewer bargains amid high prices

Unprecedented numbers of Americans are expected to hit stores this Black Friday, but they are likely to curtail their spending as they find fewer bargains from

DoubleLine wary of AI funding wave that could alter US high-grade debt market

A rush of bond sales by major tech firms to fund artificial intelligence expansion is creating a high-stakes bet for the $9 trillion U.S. corporate bond market,

Will the Fed come to the rescue?

What matters in U.S. and global markets today U.S. stocks look set to build on Friday's jump with investor hopes resting on a Fed rate cut materialising in December,

Weighing whether to divorce in 2026? Taking these steps now may lessen some money stress

Weighing whether to divorce in 2026? Taking these steps now may lessen some money stress

German business sentiment unexpectedly falls in November, Ifo survey finds

German business morale unexpectedly fell in November, a survey showed on Monday, as companies lose hope on a recovery of the German economy following two years of

Norway's lesson for Europe on wealth taxes: let some millionaires go

Sitting in his lakeside villa in the Swiss city of Lucerne, Borger Borgenhaug misses his grandchildren and the smell of the Nordic sea on a clear

Britain is one of the world’s richest countries. So why do a third of its children live in poverty?

Britain is one of the world’s richest countries. So why do a third of its children live in poverty?

Hong Kong leader backs China's policy on Japan in first remarks on dispute

Hong Kong's leader John Lee said on Monday his government supported China's diplomatic policy towards Japan and the financial hub would closely monitor the situation and respond

UK's fiscal watchdog will downgrade growth forecasts, Sky News says

Britain's fiscal watchdog will downgrade its economic growth forecasts for 2026 and for the remaining years of the current parliament alongside finance minister Rachel Reeves' budget

Stablecoins could siphon off euro zone bank deposits, ECB warns

Stablecoins could draw valuable retail deposits away from euro zone banks and any run on a coin could have widespread stability implications for the global financial system, the

Bitcoin mining in China rebounds, defying 2021 ban

Bitcoin mining is quietly staging a comeback in China despite being banned four years ago, as individual and corporate miners exploit cheap electricity and a data center boom in some energy

Death toll climbs in Southeast Asia as heavy rains cause floods and landslides

Heavy rains have caused deadly flooding and landslides in Southeast Asia

New AI club to bestow nuclear-like power, says Russian tech boss

Artificial intelligence will bestow influence on a par with nuclear technology to countries able to get ahead now, a top Russian AI executive

UK employers tell Reeves to make 'hard choices' on budget

The head of a British employers group urged finance minister Rachel Reeves on Monday to make "hard choices" in this week's budget and accused

BHP must get over Anglo, focus on growth projects, investors say

BHP should move on from Anglo American and focus on its growth strategy, investors said on Monday, after the Australian company's last-minute

U.S. companies hold the line at climate talks despite Trump

Despite the U.S. government souring on the global climate agenda ahead of the COP30 summit, American companies did not shy away.

Shein's first bricks-and-mortar shop highlights department stores' existential pain

Shein's move into the flagship BHV in Paris has added political heat to the troubles of department stores, which are facing an

South Africa's G20 debt focus to be tested as US takes the chair

The G20's leadership is heading away from the Global South just as debt problems in poorer countries threaten to flare again, testing whether the group's

Holiday week could be prime time for yen intervention

A look at the day ahead in European and global markets from Rae Wee It's been a slow start to the week in Asia with Japanese markets closed for a holiday on Monday, but currency traders are watching

From two weeks to two hours: how AI might reboot Britain's economy

When accountants at mid-tier firm Moore Kingston Smith began using artificial intelligence to speed up their work, profit margins jumped.

Indonesia grants unlimited stay permit for former citizens in lieu of dual citizenship

Indonesia has opened applications for a permit that would allow former Indonesian citizens to live and work in the country for an indefinite period as an alternative to dual

Singapore core inflation at 1.2% y/y in October, higher than expected

Singapore's key consumer price gauge rose 1.2% in October from a year earlier, official data showed on Monday.

Australia's Macquarie bids $7.5 billion for logistics group Qube

Shares of Australian industrial logistics group Qube Holdings hit an all-time high on Monday after

Thousands of arrests by Trump's crime-fighting task force in Memphis strain crowded jail and courts

A task force ordered by President Donald Trump to combat crime in Memphis, Tennessee, has made thousands of arrests

How the Nexperia chip crisis upended auto supply chains - again

A factory next to a weed-ridden lot in China's industrial south has become a global

Union asks judge to order Trump officials to fund US consumer watchdog

A federal employees' union on Sunday asked a federal judge to order the Trump administration to fund the top U.S. consumer watchdog, weeks after the agency said its cash could run out by

Early signs for Japan 2026 wages bolster case for near-term BOJ rate hike

Early signs on Japan's annual wage negotiations for next year point to another round of solid pay hikes despite profit pressure from U.S. tariffs,

BHP walks away from last stab at Anglo American takeover

BHP on Monday abandoned a last-ditch effort to buy rival Anglo American and bolster its dominance in copper, just two

World Bank lifts Kenya's growth forecast on construction sector optimism

The World Bank lifted Kenya's economic growth forecast for this year to almost 5% on Monday, citing a pick up in the construction sector in East Africa's largest

China pitches closer ties to Germany in strategic industries to ease rare earth strains

China pitched stronger ties in its highest‑level talks with Germany's new government as Beijing's top European trade partner seeks to smooth tensions over rare-earth

Toxic mines put Southeast Asia's rivers, people at risk, study says

For most of her life, 59-year-old farmer Tip Kamlue has irrigated her fields in northern Thailand with the waters of the Kok

Australia’s teen social media ban pushes content creators to look abroad

Australia is home for YouTube star Jordan Barclay, the place where he was born, went to school and built a company worth $50 million by age 23 that produces gaming

South Korea sees room for cooperation with Taiwan on US chip tariffs, trade minister says

South Korea sees room for cooperation with Taiwan on U.S. President Donald Trump's tariffs on chips, the country's trade minister said on Monday.

Japan can actively intervene to prop up yen, says govt panel member Aida

Japan can actively intervene in the currency market to mitigate the negative economic impact of a weak yen, Takuji Aida, a private-sector member of a key government panel, said in a

Blue Owl considers reviving merger of private credit funds, contingent on fund's share price, sources say

Blue Owl Capital is considering reviving a plan to merge two of its private credit funds if the share price of the larger fund improves, as the alternative asset

Canada, India agree to restart trade talks, says Indian government

Canada and India have agreed to restart stalled talks for a new trade deal, the Indian government said on Sunday, after discussions between the

Mamdani stands by Trump criticism despite friendly White House meeting

New York City Mayor-elect Zohran Mamdani is standing by his past criticisms that President Donald Trump acted like a despot and a fascist

The G20 summit in South Africa ends with the glaring absence of the US after Trump's boycott

The Group of 20 summit in South Africa has ended with the glaring absence of the United States — the next country to lead the bloc

Wall Street banks scramble to assess fallout from hack of real-estate data firm

Wall Street banks scramble to assess fallout from hack of real-estate data firm

Nvidia CEO brushes off claims of an AI bubble

CNN's Richard Quest breaks down the potential winners and losers of the AI revolution and fears of a market bubble.

Airlines cancel flights to Venezuela after FAA warns of worsening security, military activity

International airlines are canceling flights to Venezuela after the U.S. Federal Aviation Administration warned pilots about security risks and increased military activity

Kohl's to name Michael Bender as permanent CEO, Bloomberg News reports

Kohl's Corp is expected to appoint Michael Bender as its permanent chief executive as early as Monday, Bloomberg News reported on Sunday, citing a person familiar with the matter.

Guinea-Bissau votes for president with Embalo in tight race for second term

Coup-prone Guinea-Bissau voted on Sunday in presidential and legislative elections, with President Umaro Sissoco Embalo in a tight contest to become the first leader

Europeans propose changes to US Ukraine plan with higher army cap, NATO-style security pact -doc

Europeans have submitted a modified version of the United States' peace plan for Ukraine that pushes back on proposed limits to Kyiv's armed forces and territorial

No recession risk for US economy as a whole after $11 billion shutdown hit, Bessent says

Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he

South Africa judges G20 summit a triumph of multilateralism despite US no-show

South Africa's President Cyril Ramaphosa said on Sunday that the declaration from this weekend's Group of 20 summit

China says Japan sent 'shocking' wrong signal on Taiwan

China's Foreign Minister Wang Yi said it was "shocking" for Japan's leader to openly send a wrong signal concerning Taiwan, according to an official statement on Sunday, the

Turkey's Erdogan says he will speak to Russia's Putin on Monday

Turkish President Tayyip Erdogan said he would have a phone call with his Russian counterpart Vladimir Putin on Monday to discuss peace efforts in Ukraine, adding that he would also

Developing nations push for climate action and debt relief at G20 summit in South Africa

Poorer nations at the Group of 20 summit in South Africa have urged world leaders to address climate action and debt issues affecting the developing world

US economy – and seaweed – slow tourist flow to Mexico’s Caribbean resort town

US economy – and seaweed – slow tourist flow to Mexico’s Caribbean resort town

DOGE 'doesn't exist' with eight months left on its charter

U.S.

BHP drops bid for Anglo American after early talks

BHP Group said on Monday it is no longer pursuing a potential combination with Anglo American after preliminary discussions with the rival miner's board.

Ukraine's borders cannot be changed by force or army reduced -EU's von der Leyen

Ukraine's borders cannot be changed by force, its army cannot be reduced leaving it vulnerable to an attack and the European Union must have a central role in a peace deal for

Netanyahu, Smotrich to meet on Israeli 2026 budget that faces battle for approval

Israeli Finance Minister Bezalel Smotrich and senior ministry officials will present Prime Minister Benjamin Netanyahu later on Sunday with the state budget and planned structural

Christmas tree retailers find lots to like at a Pennsylvania wholesale auction

Christmas went on the auction block this week in Pennsylvania farm country in the form of a giant Christmas tree sale

The government shutdown may have made it tougher to fix the air traffic controller shortage

The government shutdown may have made it tougher to fix the air traffic controller shortage

Investors eye holiday season turbulence amid AI and rate cut doubts

Stock market investors are preparing for a turbulent year-end sparked by uncertainty over near-term Federal Reserve interest rate cuts and

South Africa sees US trade negotiations continuing despite G20 differences

South Africa's trade minister Parks Tau said on Sunday that he expected negotiations with the U.S. over a trade deal would continue, despite differences between the two

Canada's PM Carney to speak with Ukraine's Zelenskiy about US peace plan

Canadian Prime Minister Mark Carney said he will speak with Ukraine's President Volodymyr Zelenskiy later on Sunday, as Canadian and other Western security advisers meet in

Turkey's Erdogan praises 'meaningful' deal with Australia on hosting COP31 summit

Turkish President Tayyip Erdogan praised a deal reached with Australia on Saturday to host next year's U.N. climate summit, calling the compromise a meaningful achievement for

Canada says it will resume US trade talks 'when appropriate'

Canada will resume trade discussions with the United States "when it's appropriate," Canadian Prime Minister Mark Carney said on Sunday, noting he did not have a pressing issue

China's Li urges fair investor treatment in Italy

Chinese Premier Li Qiang welcomed increased participation from Italian companies in the Chinese market and expressed hope for a fair and non-discriminatory environment for Chinese

China to boost trade, investment with Tajikistan, Wang says

China will expand imports of high-quality agricultural products from Tajikistan and encourage Chinese companies to invest in the landlocked country, China's Foreign Minister Wang Yi said

Canada PM and German Chancellor Merz discuss Ukraine, Gaza on G20 sidelines

Canadian Prime Minister Mark Carney and German Chancellor Friedrich Merz discussed the war in Ukraine and situation in Gaza on the sidelines of the G20 summit in South Africa, the two

Nearly 200,000 Ukrainians in US thrown into legal limbo by Trump immigration crackdown

Kateryna Golizdra has survived six months in legal limbo - so far.

AP mapping shows France's poorest regions backing Le Pen's party as support for Macron wanes

President Emmanuel Macron's promise to win over far-right voters in France is faltering

JPMorgan, Citi, Morgan Stanley client data may be exposed by vendor's hack, NYT reports

Client data for JPMorgan Chase, Citi, Morgan Stanley and other major banks may have been accessed in a hack of a technology vendor, the New York Times reported on Saturday, citing people

Several international airlines cancel their flights in Venezuela after US warning

Three international airlines canceled their flights departing from Venezuela on Saturday, the day after the U.S.

Plan for $20 million firefighter training center near the site of Ohio derailment is revived

Norfolk Southern railroad worked with the state of Ohio and Youngstown State University to revive plans for a $20 million first responder training center near the site of the worst derailment in a decade in East Palestine, Ohio

Walmart makes African debut with South African store launch

Walmart opened its first store in South Africa on Saturday, marking the U.S. retail giant’s debut on the African continent as it seeks a stake in a

Ukraine's allies push back on a US peace plan seen as favoring Moscow

Ukraine’s Western allies have rallied around the country as they push to revise a U.S. peace plan seen as favoring Moscow

World strikes climate deal but fails to agree to a roadmap away from fossil fuels after contentious, chaotic summit

World strikes climate deal but fails to agree to a roadmap away from fossil fuels after contentious, chaotic summit

G20 summit in South Africa adopts declaration despite US boycott, opposition

Group of 20 leaders adopted a declaration addressing the climate crisis and other global challenges on

Leaders adopt a declaration at the start of South Africa's G20 summit despite US opposition

World leaders from the Group of 20 rich and developing economies have broken with tradition and adopted a declaration at the start of their summit in South Africa despite opposition from the United States

Fed's Collins: Monetary policy currently in right place, hesitant about cutting rates

By Michael S.

US tariff cut to 15% for Switzerland could take effect early December, says economy minister

The United States' general tariff of 39% on imports from Switzerland could be cut to 15% from early December, Swiss Economy Minister Guy Parmelin told the broadcaster SRF in an

Why illegal gold mining is overtaking cocaine as the drug of choice for traffickers in Latin America

Why illegal gold mining is overtaking cocaine as the drug of choice for traffickers in Latin America

Babies who drank ByHeart formula got sick months before botulism outbreak, parents say

At least five families say their babies were treated for infant botulism after consuming ByHeart formula months before a current outbreak was detected

IPO market's red-hot year has been cooled by the shutdown and more caution among investors

A strong year for initial public offerings on Wall Street has fizzled out due to the government shutdown and a cautious turn by investors

‘A whole bunch of financial mess’: Affordability feels out of reach in PA district crucial to Trump

‘A whole bunch of financial mess’: Affordability feels out of reach in PA district crucial to Trump

Canada's Carney and France's Macron discuss Ukraine, Gaza on G20 sidelines

Canadian Prime Minister Mark Carney and French President Emmanuel Macron discussed the war in Ukraine and the situation in Gaza on the sidelines of the G20 summit in South Africa, the

Trump faces same reality as Biden: Americans despise higher prices

President Donald Trump campaigned on a pledge to lower consumer prices that skyrocketed during Joe Biden's term, but he is now facing the

Key elements in Trump’s 28-point peace proposal and why much of it is unacceptable for Ukraine

An American proposal to end the war in Ukraine puts the country in a delicate diplomatic position — caught between placating its most important ally, the United States, and not capitulating to Russia, its much larger neighbor that launched a full-scale invasion nearly four years ago

Russia's Ryabkov says potential Putin-Trump summit is on the agenda

The possibility of another meeting between Russian President Vladimir Putin and U.S. President Donald Trump is on the agenda, a senior Russian diplomat has said.

Swiss regulator warns mortgage risks are rising as banks stretch lending rules

Switzerland's financial market regulator warned on Saturday of growing risks in the housing market, saying banks were stretching mortgage lending criteria as

French lawmakers reject income part of budget bill as it heads to Senate

The French lower house rejected parts of the 2026 budget bill on Saturday, leaving open whether the politically fragmented parliament, under pressure from investors to reduce a budget

The world’s biggest company just told everyone to chill out

The world’s biggest company just told everyone to chill out

US government pullback from climate science fuels boom for private data firms

A British real estate manager overseeing 26 billion euros ($29.93 billion) in assets and concerned about flood, fire and other climate-related

Central Vietnam death toll rises to 55 from flooding, landslides

The death toll from torrential rain, flooding and landslides in central Vietnam has risen to 55, with 13 people reported missing, the country's disaster agency said on Saturday.

COP30 climate summit deadlocked as EU rejects draft deal

The outcome of Brazil's COP30 climate summit was left hanging in the balance, with the European Union

Judges block Trump from cutting hundreds of millions in grants to cities, counties

A pair of federal judges on Friday separately blocked President Donald Trump's administration from unilaterally imposing new conditions on hundreds of millions in U.S.

Takeaways from the Trump-Mamdani White House meeting

President Donald Trump hosted New York City Mayor-elect Zohran Mamdani at the White House on Friday for a meeting that took place

Bill Ackman eyes dual public offerings for Pershing Square and new fund, WSJ reports

Billionaire investor Bill Ackman plans to take his hedge-fund firm Pershing Square and a new investment fund public early next year, the Wall Street Journal reported on Friday, citing

Putin envoy Dmitriev: Peace plan seeks to end Ukraine losses of land, lives

Russian President Vladimir Putin's investment envoy, Kirill Dmitriev, said on Friday the U.S. plan for a settlement of the war in Ukraine was aimed at preventing more Ukrainian deaths and

Trump and Mamdani go from adversaries to allies after White House meeting

President Donald Trump has met the man who had proudly proclaimed himself “Donald Trump’s worst nightmare,” but he seemed to find the opposite

Over 20,000 people fed this Thanksgiving thanks to Florida students

Over 20,000 people fed this Thanksgiving thanks to Florida students

Brazil cenbank to offer $2 billion in dollar auctions with repurchase deal on Monday

The Brazilian central bank said on Friday it will offer up to $2 billion in two dollar auctions with repurchase agreements on Monday morning.

Tyson Foods to close major US beef plant as cattle supplies dwindle

Tyson Foods will close a major beef plant in Lexington, Nebraska, with about 3,200 employees in January after U.S. cattle supplies dropped to their lowest level in

Jamaica reports deadly leptospirosis outbreak after Hurricane Melissa

KINGSTON -Jamaica has declared an outbreak of the bacterial disease leptospirosis, suspected of causing six deaths, following the devastation from Hurricane Melissa in late October.

Lilly becomes first drugmaker to hit $1 trillion valuation on weight-loss demand

Eli Lilly hit $1 trillion in market value on Friday, making it the first drugmaker to enter the exclusive club dominated by tech giants and underscoring its rise as a

Moody's grants Italy its first rating upgrade in 23 years

Global ratings agency Moody's on Friday upgraded Italy's sovereign rating to "Baa2" from "Baa3", citing the country's consistent track record of political and policy stability.

Trump, Mamdani say NY utility Con Edison needs to cut rates

U.S.

US warns airlines of potential hazards when flying over Venezuela

The U.S.

US CFPB settles with MoneyLion as enforcement activity winds down

The U.S.

Moody's affirms UK's Aa3 rating ahead of budget

Global ratings agency Moody's affirmed the United Kingdom's Aa3 rating on Friday, citing the significant credit strength of the world's sixth-biggest economy and the government's commitment

Trump lavishes praise on New York's mayor-elect Mamdani at warm White House meeting

After months of trading insults, U.S.

UN human rights expert urges US to lift sanctions on Cuba

A United Nations human rights expert on Friday urged the United States to lift sanctions imposed on Cuba, citing the impact of long-standing trade and financial

Takeaways from Trump and Mamdani visit: Both men get something they want, GOP loses a punching bag

President Donald Trump and New York's Mayor-elect Zohran Mamdani come from opposite parties and have spent months sniping at each other

Federal judge blocks IRS from sharing information to help ICE with deportations

Federal judge blocks IRS from sharing information to help ICE with deportations

House Oversight Committee widens its investigation into Jeffrey Epstein

House Oversight Committee widens its investigation into Jeffrey Epstein

US mulls letting Nvidia sell H200 chips to China, sources say

The Trump administration is considering greenlighting sales of Nvidia's H200 artificial intelligence chips to China, people familiar with the matter said, as a bilateral

Wall Street indexes jump as rate cut bets increase but post losses for week

U.S. stocks rallied on Friday as investors increased bets that the Federal Reserve will cut interest rates next month,  while all three of the major

BOJ close to raising rates, board member Masu says -Nikkei

The Bank of Japan is "nearing" a decision to raise interest rates and will not wait until after next year's spring wage negotiations end, its board member Kazuyuki

US consumer bureau shifts to limited oversight instead of dismantling agency

The U.S.

Exxon freezes plans for major hydrogen plant amid weak customer demand

Exxon Mobil has paused plans to build what would be one of the world's largest hydrogen production facilities due to weak customer demand, CEO Darren Woods told

Colorado students turn high school into community food bank during shutdown

Colorado students turn high school into community food bank during shutdown

More swings hit Wall Street, but this time stocks finish higher

More swings hit Wall Street, except it finished higher this time

Argentina did not discuss $20 billion bailout with banks, minister says

Argentine officials did not speak with U.S. banks about a $20 billion rescue package, the country's economy minister, Luis Caputo, said on Friday in a post on social media.

US stocks jump on Fed rate cut bets but lose ground on the week

Wall Street stocks closed sharply higher on Friday as rising expectations of a December interest rate cut by the Federal Reserve offset concerns over lofty tech

Florida Republicans oppose Trump offshore oil leasing plan

Florida Republicans, including Governor Ron DeSantis, said they oppose a Trump administration plan that could allow new oil and gas drilling in waters off the state's Gulf Coast.

White House pauses executive order that would seek to preempt state laws on AI, sources say

The White House has put on hold a draft executive order that would seek to preempt state laws on artificial intelligence through lawsuits and by withholding federal funds,

BBC board member Banerji resigns after Trump documentary edit

An independent director on the BBC's board, Shumeet Banerji, has quit on Friday in the wake of what the public broadcaster said was an incorrect edit of a speech by President Donald

Trump signs proclamation to ease regulations on some coke oven processing plants

U.S. President Donald Trump signed a proclamation on Friday to ease regulatory requirements on certain coke oven processing plants, the White House said.

Ohio Democrat Tim Ryan, the ex-congressman who lost a Senate bid to JD Vance, won’t run for governor

Former Democratic U.S. Rep. Tim Ryan has decided not to run for Ohio governor next year

Officer acquitted in death of Ta'Kiya Young, a pregnant Black mother accused of shoplifting

An Ohio officer has been acquitted of all charges after fatally shooting Ta'Kiya Young in a supermarket parking lot

Ubisoft, Tencent agree 4 billion euro Vantage Studios tie-up

Ubisoft said on Friday it has completed Tencent's investment in Vantage Studios, a new unit built around its Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six franchises.

G20 draft declaration defies US with 'climate change' references, source says

A G20 draft leaders' declaration includes references to "climate change" in defiance of U.S. objections, a source familiar with the matter said on Friday.

Bitcoin on thin ice after sinking in flight from risk

Bitcoin dropped to a seven-month low on Friday, closing in on the $80,000 level below which some analysts say much heavier losses are

Glass Lewis recommends Teck Resources to vote in favor of deal with Anglo American

Independent proxy advisory firm Glass Lewis on Friday recommended Teck Resources shareholders to vote in favor of a deal to combine with Anglo American.

Oil prices settle down at lowest in a month as US seeks Russia-Ukraine peace deal

Oil prices eased about 1% on Friday to settle at one-month lows as the U.S. pushed for a Russia-Ukraine peace deal that could boost global oil supplies, while

AstraZeneca to invest $2 billion as part of US manufacturing push

AstraZeneca said on Friday it will invest $2 billion to expand its manufacturing footprint in Maryland as part of its previously announced $50 billion plan to expand manufacturing and

Trump tariff relief leaves 22% of Brazil's shipments still hit

Brazil's government said on Friday that 22% of its exports to the United States remain subject to a 40% extra tariff after President Donald Trump expanded the list of exemptions to

Ford reaffirms annual EBIT guidance after latest aluminum supplier fire

Ford Motor on Friday stood by its annual EBIT guidance of $6 billion to $6.5 billion for this year following another fire this week at aluminum supplier Novelis' New

Oakland's new mayor Barbara Lee fights high crime and tells federal law enforcement to stay away

Barbara Lee has been Oakland’s mayor for half a year

A new crash test dummy that better resembles women gets key government endorsement

The U.S. government has released a new crash test dummy design that advocates believe will help make cars safer for women

Bubble Trouble: AI rally shows cracks as investors question risks

The biggest bout of volatility in U.S. stocks in months has revealed cracks in the artificial intelligence-related rally, raising questions about whether the

Brazil fears losing US market share in instant coffee after Trump maintains tariffs

Brazil risks losing its market share in instant coffee sales in the U.S. after President Donald Trump retained 50% tariffs on the product while cutting duties for green coffee,

Dollar slips against yen but heads for broad weekly rise

The dollar weakened against the yen on Friday, after Japanese officials stepped up verbal intervention to stem the currency's decline, even as the greenback

Glass Lewis mulls US investment adviser registration, could ease criticism

A top Glass Lewis executive said the firm may register itself as a U.S. investment adviser, which would subject it to more regulation but potentially assuage criticism from

G20 envoys agree draft declaration despite US boycott, sources say

G20 envoys have agreed on a draft leaders' declaration ahead of this weekend's summit in Johannesburg without U.S. input, four

Lilly becomes first healthcare firm to join trillion-dollar club, Wall Street reacts

Eli Lilly hit $1 trillion in market value on Friday, making it the first drugmaker to enter the exclusive club dominated by tech giants and underscoring its rise as a weight-loss powerhouse

SIX Group weighs pan-European SME exchange, acquisitions

By Charlie Conchie LONDON -The operator of the Swiss and Spanish stock markets is weighing acquisitions and the launch of a pan-European equity exchange for small and medium-sized firms, its chief

Corpus Christi neighbors sleep outside to raise awareness for youth homelessness

Corpus Christi neighbors sleep outside to raise awareness for youth homelessness

US manufacturing slows in November as high prices curb demand

U.S. factory activity slowed to a four-month low in November as higher prices because of tariffs on imports restrained demand, leading to a piling up of unsold

US wholesale inventories revised higher in August

U.S. wholesale inventories were unchanged in August as increases in stocks of long-lasting manufactured goods like motor vehicles offset decreases in prescription medication and

Fed's Miran would back 25-bp rate cut if he were 'marginal vote' - BBG TV

Federal Reserve Governor Stephen Miran on Friday said he would vote for a quarter-percentage-point interest rate cut at the December meeting if his vote meant the difference in securing a

Nokia plans $4 billion AI investment in the United States

Finland's Nokia said on Friday it plans to invest $4 billion in the United States, targeting research, development, and production to drive advancements in artificial

Zelenskiy says he won't betray Ukrainian interests in US-led peace process

President Volodymyr Zelenskiy said on Friday he would not betray Ukraine's interests in a U.S.-led peace process, warning that Kyiv faces a choice

US peace efforts on Ukraine should be supported, Meloni says after talks with Merz

Italian Prime Minister Giorgia Meloni spoke on Friday with her German counterpart Friedrich Merz and together they stressed the importance of supporting U.S. efforts to end the war

AIP plans sale or listing of French aluminium plant, union says

U.S. investment firm American Industrial Partners plans to sell or list on the stock market Aluminium Dunkerque, France's largest aluminium plant, a union official said on Friday.

Citigroup to replace CFO Mason with Luchetti, reorganizes retail and wealth divisions

Citigroup  Chief Financial Officer Mark Mason will leave his role in March and be succeeded by Gonzalo Luchetti, the current head of the bank's U.S. retail

US cancels release of CPI report for October because of government shutdown

The U.S.

Premier League to introduce a spending cap from next season

Premier League teams have agreed to introduce spending caps in England’s top flight from next season

Kering CEO plans 'House of Dreams' investment arm to help trim reliance on Gucci

Kering's new CEO Luca De Meo plans to set up a new unit to scout for up-and-coming brands to invest in, documents seen by Reuters show, as he

Williams' comments boost odds of a Fed cut, though policy hawks remain adamant

Comments from a top U.S.

What's in the US peace plan for ending the war in Ukraine?

The United States has drafted a 28-point peace plan for ending the war in Ukraine which is being studied by Kyiv, Moscow and interested countries in Europe. 

Wall St opens higher as December rate cut bets strengthen

Wall Street's main indexes opened higher on Friday as traders raised bets on an interest rate cut by the Federal Reserve in December following commentary from policymakers, with tech stocks

Fed's Logan calls for holding rates steady 'for a time'

Dallas Federal Reserve President Lorie Logan on Friday called for leaving the policy rate on hold "for a time" while the central bank assesses how much of a brake the current

COP30 host city Belem, Brazil, tries to stoke economy while preserving Amazon rainforest

On the banks of the Guama River where the city of Belem presses up against the vast green Amazon, Brazil is pioneering an economic

Lilly, Novo Nordisk back direct-to-employer programs to expand access to weight-loss drugs

Eli Lilly said on Friday it plans to roll out an employer-focused obesity care model early next year, aiming to expand access to its blockbuster weight-loss drug through partnerships with

LA Olympics will keep 'Intuit' on Clippers arena as part of groundbreaking venue-naming deal

The Intuit Dome will be called just that for the Los Angeles Olympics, after organizers struck a deal with the makers of tax and business software as part of a groundbreaking arrangement to sell naming rights for venues at the upcoming Summer Games

There are thousands of aligned holes in Peru. Archaeologists now think they know who made them

There are thousands of aligned holes in Peru. Archaeologists now think they know who made them

Brazil hails US tariff rollback as ‘significant progress' and seeks more exemptions

Brazil's Vice President Geraldo Alckmin says U.S. President Donald Trump's decision to remove additional import tariffs on some Brazilian agribusiness products marks significant progress

US equity funds attract fifth straight weekly inflow amid robust earnings results

U.S. equity funds attracted investment inflows for a fifth week in a row as investors focused on robust third-quarter earnings growth and brushed off concerns of lofty tech sector

Fed's Jefferson: AI-related stock gains unlikely to be dot-com boom replay

Federal Reserve Vice Chair Philip Jefferson on Friday said he feels the current surge in stocks related to artificial intelligence is unlikely to be a replay of the late 1990s dot-com stock

Global coffee prices plunge after Trump removes tariffs on Brazil

Global coffee prices plunged on Friday after U.S.

Canada September retail sales down 0.7%; seen unchanged in October

Canadian retail sales fell in September, reversing a positive trend last month, as consumers spent less in buying cars, automotive parts and building materials among others, data

Fed's Collins leans against December rate cut in CNBC interview

By Michael S.

Making GLP-1 weight loss drugs cheaper isn’t enough to address America’s obesity problem – here’s why

Additional policy changes can help change key factors that drive obesity.

Colorado is pumping the brakes on first-of-its-kind AI regulation to find a practical path forward

The Colorado AI Act goes into effect next year, but legislators are attempting to repeal and replace it.

Leaders arrive for a first African G20 summit overshadowed by a rift between the host and the US

World leaders are arriving for a historic first Group of 20 summit in Africa that aims to put the problems of poor countries at the top of the global agenda

Global equity funds draw inflows for ninth week on corporate earnings optimism

Global equity funds attracted inflows for a ninth straight week as fund investors, encouraged by an overall strong third-quarter earnings season, brushed off concerns about lofty tech

Rep. Eric Swalwell announces his bid for California governor

Rep. Eric Swalwell, a Democrat who served as a House manager in President Donald Trump’s 2021 impeachment trial, has launched his bid for California governor

Black Friday puts focus on consumer spending for rocky markets

With U.S. stocks in the midst of a grim month, investors will look in the coming week for signs of strength in the U.S. consumer with Black Friday putting the

China's largest US soybean buy in 2 years buoys prices, triggers sales by struggling farmers

The largest U.S. soybean sales to China in more than two years this week could be just the beginning of an accelerated buying program by Beijing after the world's top

Red Cross to shed nearly 3,000 jobs, scale back budget amid donor fatigue

The International Committee of the Red Cross will reduce its 2026 budget by nearly a fifth to 1.8 billion Swiss francs ($2.2 billion) and cut 2,900 jobs, it said in a

European arms makers retreat as Ukraine peace plan gains traction

European defence shares fell on Friday to their lowest since late August, as reports about a U.S.-backed deal to end the war in Ukraine hit one of the region's best-

Draft of U.S.-backed peace proposal for Ukraine

Here is the text of a draft version of the 28-point peace plan for Ukraine backed by the United States, according to a copy seen by Reuters 1. Ukraine's sovereignty to be reconfirmed. 2.

Food supply improving in Gaza since truce but long way to go, says UN

More food supplies are getting into Gaza since the October ceasefire but are still falling short of huge humanitarian needs as winter rains risk spoiling

Germany, France, UK leaders discuss US-backed Ukraine plan in call with Zelenskiy

The leaders of Germany, France and Britain agreed with Ukrainian President Volodymyr Zelenskiy in a phone call on Friday that Ukrainian forces must remain capable of defending the

Investors' views on extended markets' selloff

Asian and European shares extended a global rout on Friday and U.S. stock futures also pointed to a weak opening on Wall Street as investors continued to offload richly valued

Three decades after peace deal, Bosnia still struggles with division

Franjo Sola remembers November 21, 1995, as the best day of his life, when a U.S.-brokered peace deal ended war in Bosnia and

Trump officials prepare for potential cabinet shakeup after one-year mark

Trump officials prepare for potential cabinet shakeup after one-year mark

Shale rigs idle, layoffs rise as $60 oil tests resilience of Permian

At the heart of the U.S. shale industry in Texas, oil production is climbing.

Jitters over AI spending set to grow as US tech giants flood bond market ​

Investors are growing uneasy that the rapid rise in public debt used to bankroll AI investments could strain the U.S. corporate bond market and eventually

How US sanctions on Russian oil majors will impact the rouble and economy

Here is a look at how U.S. sanctions on Russian oil firms Rosneft and Lukoil, which take effect at 1701 GMT on Friday, may affect the Russian foreign currency market.

Delays, setbacks loom over Trump's Golden Dome missile shield

President Donald Trump's Golden Dome missile defense initiative is facing significant delays, hampered by the 43-day government shutdown and lack of a clear plan to

The pAIn trade

By Anna Szymanski LONDON, November 21 (REUTERS) -Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend.       

US states take aim at data-driven pricing to ease consumer pain

Even as the White House seeks to roll back state laws on artificial intelligence, states are pursuing an increasing number of bills to ban tech-driven pricing practices in an

Charlotte immigration raids by Trump administration ignite political tensions

North Carolina this week emerged as a new front in President Donald Trump’s immigration crackdown - one poised to shape one of next

Kremlin says US has yet to discuss its Ukraine peace plan in detail with Moscow

The Kremlin said on Friday that Russia had not yet received anything official from the United States about a 28-point U.S. peace plan for Ukraine, but it was ready to negotiate.

Trump officials prepare for potential cabinet shakeup after one-year mark, CNN reports

The White House is preparing for possible turnover in the cabinet after U.S.

Senior citizens will pay a lot more for Medicare in 2026

Senior citizens will pay a lot more for Medicare in 2026

EU to keep supporting Ukraine as sanctions against Russia bite, says von der Leyen

The European Union will keep on supporting Ukraine as Ukraine is the victim of an aggression, the EU Commission's President Ursula von der Leyen said on Friday, adding that

UK economy stumbles in run-up to next week's budget

Measures of Britain's businesses, consumers and public finances are all showing signs of deterioration in the run-up to next

European shares log a weekly decline, defence stocks slide

By Anastasiia Kozlova, Johann M Cherian and Tharuniyaa .

UK businesses put plans on hold before Reeves' budget, PMI shows

British business growth ground almost to a halt this month, as companies put their plans on hold while they waited to see if next week's government budget will

EU's von der Leyen to reach out to Zelenskiy on Ukraine peace plan

European Union leaders and EU Commission President Ursula von der Leyen will reach out to Ukrainian President Volodymyr Zelenskiy to discuss a U.S. peace plan on

'A close call': Global brokerages split on Fed's December rate cut view after jobs report

Global brokerages are split over whether the U.S.

The air traffic problem making your holiday travel even more miserable

The air traffic problem making your holiday travel even more miserable

The success of the forced Epstein files vote is emboldening some Republicans to go it alone

The success of the forced Epstein files vote is emboldening some Republicans to go it alone

From Budget blues to Black Friday

Global markets head into another packed week where political leaders, policymakers and consumers take centre stage against a backdrop of nervy markets - with tech stocks and the likes of

China scraps concerts with Japanese musicians as diplomatic tensions mount

Japanese jazz musician Yoshio Suzuki and his band were in the

Top ECB officials urge EU to remove internal barriers amid Trump tariffs

The European Union can offset the economic drag from U.S. trade tariffs and deglobalisation by removing internal barriers, top European Central Bank policymakers said on Friday.

Chinese cruise ships look to steer clear of Japan amid diplomatic dispute

Chinese cruise operators are scrambling to avoid Japanese ports as Beijing and Tokyo engage in a diplomatic dispute, which is expected to

India and Afghanistan to launch air cargo services to boost trade

Air cargo services between India and Afghanistan will be launched soon, an Indian foreign ministry official said on Friday, as the two countries seek to reset ties amid soured

Euro zone business activity grows steadily in November, PMI shows

Euro zone business activity grew steadily this month as services expanded at the quickest pace in 1-1/2 years, while weak demand sent manufacturing back into contraction

German business activity growth loses momentum in November, PMI shows

Germany's private sector growth has lost momentum in November as the manufacturing sector has unexpectedly contracted and the service sector has not expanded as

French economy stabilises in November as services expand, PMI shows

French business activity almost stabilised in November, according to a survey published Friday, as unexpected growth in the country's dominant service sector nearly offset a sharper

Yen intervention looms large, but it may not work

A stubbornly weak yen has Japan on the cusp of intervening in the currency market for the third time in roughly as many years, but analysts say

Binance CEO Teng says bitcoin volatility in line with most asset classes

Binance Chief Executive Richard Teng said on Friday bitcoin's sharp drop in the past month was the result of investors deleveraging cryptocurrency holdings and risk

Ubisoft flags strong Q2 bookings in a report delayed by debt covenant breach

French video game group Ubisoft reported quarterly bookings above its guidance on Friday, after a week-long delay in publishing the results related to an accounting change

New US rules say countries with DEI policies are infringing human rights

U.S. officials will consider enforcement of affirmative action policies and state subsidies for abortion as infringements when compiling the

Tech stocks still set for record $75 billion inflow in 2025, says BofA

Tech stocks remain on track for a record $75 billion inflow this year, BofA's weekly flow show note said on Friday, highlighting demand for the sector even as it comes under pressure

Foxconn-Nvidia $1.4 billion Taiwan supercomputing cluster to be ready by H1 2026, Foxconn says

Foxconn said on Friday that a $1.4 billion supercomputing centre it is building with Nvidia will be ready by the first

UK borrowing climbs, showing scale of budget task facing Reeves

Britain's borrowing in the first seven months of the financial year was the highest on record except during the COVID pandemic, according to data that lays bare

Dollar hedging frenzy fades, bringing relief to greenback

Just months after a U.S. tariff shock whacked the dollar, a rush by overseas investors to

UK retail sales and consumer morale slide ahead of budget

British retail sales tumbled in October and a closely watched gauge of household sentiment fell this month, adding to signs of waning consumer spending

OpenAI and Taiwan's Foxconn to partner in AI hardware design and manufacturing in the US

OpenAI has announced a partnership with Taiwan's Foxconn to design and make equipment for AI data centers in the U.S. Foxconn, known for making assembling iPhones and other Apple products and making servers for Nvidia, said it will co-design artificial intelligence data center racks with OpenAI under the agreement

Federal judges uphold several North Carolina US House districts drawn by Republicans

Federal judges have upheld several U.S. House districts drawn by North Carolina Republicans in 2023

Japan premier's advisers will speak at business event before BOJ meeting

Reflationist advisers of Japan's new prime minister Sanae Takaichi will speak on a panel hosted by Keidanren on December 17 on the new administration's strategy to strengthen the

Canadian man loses legal battle to keep his secret million-dollar stash

Canadian man loses legal battle to keep his secret million-dollar stash

India's November business growth slows to 6-month low on weak manufacturing, PMI shows

India’s private sector activity expanded at its slowest pace in six months in November as manufacturing growth slipped to a nine-month low, offsetting an uptick

Risk-on investors turn to Uganda to 'squeeze the last drop' out of frontier markets

Uganda - a landlocked African nation that until recently struggled to get a World Bank loan - is the latest hot destination for

Japan's cabinet approves lavish stimulus as markets fret over Takaichi's fiscal policy

Japanese Prime Minister Sanae Takaichi's cabinet approved a 21.3 trillion yen ($135.40 billion) economic stimulus package on Friday, marking the first major policy

Three-alarm fire as tech selloff resumes, Takaichi stimulus lands

A look at the day ahead in European and global markets from Gregor Stuart Hunter It turns out Nvidia's earnings could only smother the blaze on markets for so long. 

Droneshield rally unravels as executive share sales, governance issues spark brutal rout

Shares of Australian drone technology firm Droneshield tumbled 8% on Friday, deepening a two-week rout as stake sales by top executives, a contract

Thai government says stimulus will lift GDP in Q4 but strong baht remains a concern

Thailand's economic stability is underpinned by strong financial and fiscal fundamentals, and government stimulus measures will

Japan ramps up warning of yen intervention, chance of near-term rate hike

Japan on Friday escalated its warning of currency intervention and the central bank governor signalled the chance of a near-term interest rate hike

Rupee drifts higher tracking Asia FX, buoyed by interbank dollar offers

The Indian rupee firmed slightly on Friday, tracking mild gains across Asian currencies and aided by interbank dollar sales, with traders pointing to a pickup in

Bank of Japan signals chance of December rate hike as yen slides

Bank of Japan Governor Kazuo Ueda said he wanted "just a bit more data" on next year's wage-growth direction and warned of the boost a weak yen could have on

Japan's exports to the world rise, but Trump's tariffs dent its shipments to the US

Japan has reported that its exports to the world rose 3.7% in October from a year earlier, while imports edged up 0.6%

Salesforce says customer data possibly exposed following incident

Salesforce said Thursday it is investigating “unusual activity” involving Gainsight-published

Japan factory activity down for fifth month in November, PMI shows

Japan's manufacturing activity contracted for a fifth month in November, albeit at a slower pace than in the previous month due to a softer decline in output, a private-sector survey

EU ready to take stakes in Australian resources projects, trade commissioner says

The EU is prepared to take direct stakes in Australian critical minerals projects and will soon announce a list of projects it will support, EU Trade

Paramount, Comcast and Netflix submit bids for Warner Bros Discovery, source says

Warner Bros Discovery has received preliminary buyout bids from rivals Paramount Skydance, Comcast and Netflix, a source familiar with the matter said

Samsung Elec names mobile chief co-CEO in return to traditional structure

Samsung Electronics said on Friday it has named its mobile chief TM Roh as a new co-CEO and head of its device experience division, which oversees the company's

Singapore Q3 GDP grows 4.2% from a year earlier; upgrades 2025 outlook

Singapore on Friday upgraded its economic outlook for 2025 as third-quarter gross domestic product growth beat market expectations and initial estimates.

How to afford a great Christmas if money’s tight this year

How to afford a great Christmas if money’s tight this year

Trinity Rodman's free agency puts focus on the NWSL's salary cap

The National Women’s Soccer League championship match could be the final league appearance for one of its most dynamic players, at least for now

The Latest: Trump administration plans for new oil drilling off California and Florida coasts

The Trump administration has announced new oil drilling off the California and Florida coasts for the first time in decades

Treasury plans to change tax credit eligibility in a move critics say will hurt immigrant taxpayers

The U.S. Treasury Department plans to reclassify certain refundable tax credits as "federal public benefits," barring undocumented immigrants and some noncitizens from receiving them

Dramatic photos of doomed UPS plane show the aircraft on fire and its engine flying off

Frame by frame, six photos released by federal investigators capture horrifying images of ill-fated Flight 2976 as it turned into a fireball along a Kentucky airport runway

Japan exports unexpectedly strong in October as US tariff impact slows

Japan's exports rose more than expected in October for a second straight monthly gain, government data showed on Friday, underpinned by a milder

China's private REITs offer new funding path for property firms

China's nascent private REIT market has emerged as a rare bright spot for cash-strapped developers, with a record fundraising pipeline of $12

Foxconn, OpenAI partner on AI hardware manufacturing

Foxconn will collaborate with U.S.-based OpenAI to design and engineer data center racks, components, and other artificial intelligence hardware, the Taiwanese company said on Thursday, as

Foxconn to spend up to $3 billion a year on AI, chair sees China EV shakeout

Foxconn will invest $2 billion to $3 billion a year in AI, the head of the world's largest contract electronics maker told Reuters.

Zuckerberg, Meta directors agree to $190 million settlement of shareholder privacy case

(Corrects paragraph 9 to show its second-largest derivative settlement involving allegations that directors failed in their oversight duty in paragraph nine.

Trump signs order to remove tariffs from Brazilian beef, coffee

U.S.

Investor challenges pile up over price of 3G Capital's Skechers deal

Investment firms holding millions of shares of footwear giant Skechers are suing for a better deal than the $63 per share price paid by 3G Capital to take

FAA wants new air traffic control data system as part of overhaul

The Federal Aviation Administration said on Thursday it wants to adopt a new comprehensive system to overhaul how air traffic controllers receive flight data

Japan Oct core CPI rises 3.0% yr/yr

Japan's core consumer prices rose 3.0% in October from a year earlier, government data showed on Friday.

Fed's Paulson is 'cautiously' approaching December rate decision, she says 

Philadelphia Federal Reserve President Anna Paulson said on Thursday she is approaching the U.S. central bank's next meeting "cautiously," despite supporting its last two interest rate cuts

Japan's core inflation accelerates in October, stays above BOJ target

Japan's core consumer prices rose 3.0% in October from a year earlier, data showed on Friday, staying above the central bank's 2% target and keeping alive expectations

UK consumers brace for budget, GfK survey shows

British consumer confidence edged down in November but remained in its narrow range of the past six months, a survey showed on Friday, in contrast to other data that has shown more

Singapore says Q3 GDP grows 4.2% y/y, upgrades 2025 forecast

Singapore on Friday upgraded its economic outlook for 2025 as third-quarter gross domestic product growth beat market expectations and initial estimates.

US consumer watchdog seeks to transfer cases to DOJ, citing funding, sources say

The top U.S. consumer financial watchdog, which the White House refuses to fund, is seeking to move all remaining enforcement cases and litigation to the

Investigators say UPS plane that crashed in Kentucky, killing 14, had cracks in engine mount

Federal investigators have released photos of an engine flying off a doomed UPS cargo plane that crashed after an engine flew off, killing14 people in Kentucky two weeks ago

Trump administration announces plan for new oil drilling off the coasts of California and Florida

The Trump administration is proposing new oil drilling off the California and Florida coasts for the first time in decades, as President Donald Trump seeks to expand U.S. oil production that is already leading the world

Trump expands tariff relief on coffee, fruit and beef from Brazil

President Donald Trump has continued loosening tariffs on Brazil to lower consumer costs for Americans

Colombia recovers first treasures from 300-year-old ‘holy grail of shipwrecks’

Colombia recovers first treasures from 300-year-old ‘holy grail of shipwrecks’

Stocks stuck on rollercoaster despite strong Nvidia earnings

Nvidia's strong earnings report offered only a brief reprieve for stocks on Thursday, as doubts about the return on relentless

Intuit expects quarterly revenue growth above estimates on strong financial tools demand

Intuit forecast second-quarter revenue growth above Wall Street estimates on Thursday, a sign of growing demand for its artificial intelligence-powered financial management tools.

Fed's Goolsbee uneasy about rate cuts, says nothing wrong with dissenting

Chicago Federal Reserve President Austan Goolsbee on Thursday said he is uneasy about cutting interest rates in the face of too-high inflation that's steady at best and by

Ross Stores lifts annual profit forecast on strong demand for discount goods

Ross Stores raised its annual profit forecast on Thursday, betting on resilient demand for its discounted apparel and accessories ahead of the holiday season amid looming

Trump tariffs to reduce US deficits by $1 trillion less than previous estimate, CBO says

President Donald Trump's tariff increases on imports from foreign countries will reduce U.S. deficits by $3 trillion if they are maintained through 2035, the non

Trading Day: Nvidia sparkle vanishes, Wall Street slammed

Wall Street experienced a wild rollercoaster ride on Thursday, opening sharply higher on another set of strong results from artificial intelligence giant

US banks shelve $20 billion bailout plan for Argentina, WSJ reports

A planned $20 billion bailout for Argentina from JPMorgan Chase, Bank of America and Citigroup has been shelved as bankers pivot instead to a smaller, short-term loan package, the Wall

Gap beats quarterly sales, profit estimates on marketing-driven demand

Gap beat Wall Street expectations for third-quarter comparable sales and profit on Thursday, helped by strong marketing-driven demand for its Old Navy and Banana Republic

US SEC dismisses case against SolarWinds, top security officer

The U.S.

Wall Street indexes end lower after sharp reversal, tech leads drop

Wall Street stocks slid on Thursday in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and U.S. jobs

Trump inflames California over oil drilling plan for Pacific coast

President Donald Trump's administration on Thursday unveiled a plan for a dramatic expansion of oil and gas drilling rights auctions in U.S. waters, including in California

Restaurant chain California Pizza Kitchen to be acquired by investor group, sources say

California Pizza Kitchen has signed a deal to be acquired by an investor group led by Consortium Brand Partners and including Todd Boehly's investment firm Eldridge

Cracker Barrel shareholders vote to keep CEO despite logo debacle

Cracker Barrel shareholders voted Thursday to keep company CEO Julie Felss Masino in place despite a debacle over the company’s logo that continues to hurt its sales

Donations to APFJ allow expansion of program providing resources to local and state newsrooms

The AP Fund for Journalism says donations of more than $30 million will permit an expansion of a program that provides news stories and photos to dozens of local and state newsrooms

Trump opens parts of Florida, California waters up to offshore oil drilling, breaking decades of precedent

Trump opens parts of Florida, California waters up to offshore oil drilling, breaking decades of precedent

Big swings keep rocking Wall Street as US stocks drop sharply after erasing a morning surge

Big swings keep rocking Wall Street

Lakers fire Joey Buss, Jesse Buss from front office positions after ownership change

Joey Buss and Jesse Buss are no longer working in the Los Angeles Lakers’ front office after the franchise’s recent ownership change

US judge moves to halt Trump's National Guard deployment in Washington, D.C

A federal judge on Thursday moved to halt President Donald Trump’s deployment of National Guard troops to Washington, D.C., a temporary legal setback to Trump's efforts to

Syria sends first Swift message to New York Fed, central bank governor says

The Syrian central bank on Thursday sent its first Swift message to the Federal Reserve Bank of New York, central bank Governor AbdulKader Husrieh told Reuters.

Lucid launches cheaper variant of Gravity electric SUV to broaden appeal

Lucid Group on Thursday launched a cheaper variant of its Gravity SUV with a starting price of $79,900, as the luxury electric-vehicle maker seeks to reach a broader audience amid slowing

ASML launches technical academy in Phoenix to train in-demand engineers

Chip equipment maker ASML on Thursday launched a technical academy in Phoenix to train engineers to service the Dutch company's complex chipmaking machines. 

US stocks end lower, Treasury yields slide amid revived valuation concerns, Fed uncertainty

Wall Street reversed early gains on Thursday as a mixed employment report diminished hopes for further easing by the Federal Reserve this year and as worries

Crypto's connections to the rest of the financial system

Cryptocurrency markets have surged in recent years, in part fuelled by the Trump administration's pro-crypto stance which has encouraged wider acceptance among

US lawmakers target Chinese chipmaking equipment imports by CHIPS Act grant recipients

By Max A.

Senate reversal of Biden policy that blocked Wyoming coal mining heads to Trump

Mining industry access to federally owned coal in northeastern Wyoming will continue under a bill headed to President Donald Trump

A drying-up Rio Grande basin threatens water security on both sides of the border

Researchers have completed a full accounting of water uses and losses in the Rio Grande-Bravo basin as it faces severe shortages throughout its range in the United States and Mexico

White House hits out at South African leader for 'running his mouth' over US boycott of G20

The White House has hit out at South Africa’s leader for "running his mouth" over the United States’ boycott of this weekend’s Group of 20 summit in Johannesburg

Trump administration threatens to withhold $75M from Pennsylvania over immigrant truck drivers

The Trump administration has threatened to withhold nearly $75 million in funding if Pennsylvania does not immediately revoke what the administration claims are illegally issued commercial driver’s licenses to immigrants

Iowa restaurant drops salads amid national lettuce price spike

Iowa restaurant drops salads amid national lettuce price spike

Man sentenced to nearly four years, ordered to repay $7.8M tied to failed KC-area hotel projects

Man sentenced to nearly four years, ordered to repay $7.8M tied to failed KC-area hotel projects

Bubble fears ease but investors still waiting for AI to live up to its promise

Fears about the artificial intelligence boom turning into an overblown bubble have diminished for now, thanks to a stellar earnings report from Nvidia

Verizon is cutting more than 13,000 jobs as it works to 'reorient' entire company

Verizon is laying off over 13,000 employees as part of a major company reorientation

Vance pleads for ‘patience’ on the economy in sharp departure from Trump’s rhetoric

Vance pleads for ‘patience’ on the economy in sharp departure from Trump’s rhetoric

Vance says Americans need patience on prices but says 'We hear you' on affordability concerns

While President Donald Trump has struggled to settle on a way to address Americans’ concerns about high costs, Vice President JD Vance on Thursday offered a more direct and empathetic message, saying, “We hear you” and “there’s a lot more work to do.”

Verizon cutting more than 13,000 jobs as it restructures

U.S. wireless carrier Verizon on Thursday said it will cut more than 13,000 jobs in its largest single layoff as it works to shrink costs and restructure

Scramble to 'sell Japan' sounds fiscal warning bells

Investors bailing out of the yen and Japan's government bonds have driven borrowing costs there to record highs, bending markets out of

Instant View: Job growth accelerated in September, unemployment rate ticks up

The pace of U.S. job growth accelerated more than expected in September, and the unemployment rate increased, indicating the labor market remained on the sluggish side, while

Fed officials eye financial stability as they debate next rate move

By Ann Saphir and Michael S.

Goldman projects $40 billion stock selling scenario over the next week

The S&P 500 index's fall below a closely watched level gave hedge funds that trade stocks on trends the green light to potentially sell almost $40 billion in

Major corporations shift listings to Nasdaq amid growing tech focus

Walmart said on Thursday it would move its longtime listing on the New York Stock Exchange to Nasdaq, joining the tech-heavy exchange as one of its most valuable members.

Evidence of fatigue cracks a 'major clue' in fatal UPS cargo jet crash, experts say

The National Transportation Safety Board said on Thursday it has found evidence of fatigue cracks in a key part of a UPS MD-11 cargo jet that crashed

Trump team aims to ease legal hurdles to closing government office

By Courtney Rozen and Sarah N.

Ramaphosa says US discussing coming to G20 in South Africa, White House denies

South Africa's president said on Thursday the U.S. had signalled it might change its mind and participate in the G20 summit in Johannesburg after a boycott by the

Bitcoin bears dominate: odds of year-end price below $90,000 rise

The likelihood of bitcoin ending the year below $90,000 has risen to 50%, according to online options platform Derive.xyz, as traders ramped up hedging

COP30 climate summit evacuated after fire disrupts negotiations

A fire that forced an evacuation of the COP30 climate summit in the Brazilian city of Belem on Thursday was under control, officials said, although it was unclear whether

Lula taps Brazil's solicitor general for Supreme Court seat

Brazilian President Luiz Inacio Lula da Silva has appointed Solicitor General Jorge Messias to fill a vacancy on the Supreme Court, the government said in a Thursday

South Africa, EU sign critical minerals deal, vow to defend multilateralism

South Africa and the European Union vowed to defend multilateralism on Thursday, ahead of the G20 summit, as they signed a partnership on critical minerals.

Dollar firms as strong US jobs data dim Fed rate-cut expectations

The dollar firmed against most major currencies on Thursday, after losing some ground as signs of faster U.S. job growth in September suggest the Federal Reserve

Morgan Stanley drops call for December Fed rate cut after strong jobs data

Morgan Stanley on Thursday scrapped its forecast that the U.S.

Fed's Goolsbee repeats he is uneasy on rate cuts

Chicago Federal Reserve President Austan Goolsbee repeated on Thursday he is "uneasy" about frontloading interest-rate cuts, particularly with progress on inflation towards the Fed's 2%

Central Bancompany valued at $5.26 billion in Nasdaq debut

Central Bancompany jumped 5% in its Nasdaq debut on Thursday, fetching the U.S. lender a valuation of $5.26 billion and extending this year's streak of financial firms

Oil slides as US pushes for Russia-Ukraine peace deal

Oil prices fell on Thursday as the administration of U.S.

The SEC move to 9-game conference slate puts cupcake games on notice amid coach concerns

In the final weeks of the college football season, some SEC teams are enjoying a breather with easier matchups before rivalry week

US sanctions on big Russian oil firms are having their intended effect, Treasury official says

The Trump administration says it's seeing signs that its sanctions on Russian oil producers are working

Lobster boats must keep using tracking devices for government observation, court rules

A federal appeals court says the government can continue requiring America’s lobster fishing boats to use electronic tracking devices that report data back to authorities

Lawmakers pass bill raising taxes for Russians branded as ‘foreign agents’

Russian lawmakers have passed a new bill boosting taxes for those labeled as foreign agents by the government

Police: Woman charged for intentionally setting fire to home after being evicted in Pittsburgh's Garfield

Police: Woman charged for intentionally setting fire to home after being evicted in Pittsburgh's Garfield

Walmart raises profit expectations as more Americans hunt deals in sluggish economy

Walmart delivered another standout quarter, posting strong sales and profits that blew past Wall Street expectations as it wins over more cash-strapped Americans who have grown increasing anxious about the economy

Trump and Republicans once more face a tough political fight over Obama-era health law

President Donald Trump is once more targeting former President Barack Obama’s signature health care law, and Trump is picking a political fight before next year’s elections

Trump renews effort to block states from regulating AI, raising alarms about safety

Trump renews effort to block states from regulating AI, raising alarms about safety

Novartis sees sales boost from key cancer drugs

Swiss drugmaker Novartis on Thursday forecast sales growth of 5% to 6% per year to 2030, on a currency-adjusted basis, as higher forecast peak

China ran campaign to discredit French Rafale fighter after India-Pakistan conflict, US commission says

China ran a disinformation campaign to hurt sales of the French Rafale fighter jet after India used the planes in May for the first time against Chinese weapons

Moderna takes $1.5 billion loan, expects 10% revenue growth next year

Moderna said on Thursday it secured a five-year loan of $1.5 billion from Ares Management, as it targets up to 10% revenue growth next year.

Nvidia calms the horses, Fed bets evaporate

By Mike Dolan -        What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets As has often been the case over the past two years, Nvidia's forecast-beating

Germany can expect modest growth in Q4 as industry stabilises, Bundesbank says

Germany's economy is likely to see moderate growth in the final quarter of the year as services drive expansion and its ailing industrial sector stabilises, the Bundesbank said in

Forget Musk's latest pay package, his last one could wipe out years of Tesla profits

Tesla's gaudy $1 trillion executive-compensation package for CEO Elon Musk has obscured a more pressing concern: Musk's 2018 pay package -- still tied up in court -- could

Luxury sector to revive in 2026 but price hikes leave shoppers 'betrayed', Bain says

The global luxury goods industry is likely to sell 3% to 5% more next year after stagnating in 2025, but years of aggressive price increases have alienated customers,

UK manufacturers report sharpest drop in output since August 2020

British manufacturers reported the sharpest fall in output since August 2020 during the three months to the end of November, due to uncertainty ahead of next week's annual budget,

IMF sees 6.5% GDP upside if Pakistan fixes corruption, governance

The International Monetary Fund predicts Pakistan could lift its GDP between 5% and 6.5% over five years if it tackles corruption and deep-rooted governance failures

US posts solid job gains in September but unemployment rate rises to 4.4%

U.S. job growth accelerated in September, but the unemployment rate increased to a four-year high of 4.4% and the economy in August shed jobs for the second

South African key rate lowered at first decision under new inflation target

South Africa's central bank cut its main lending rate by 25 basis points to 6.75% on Thursday at the first meeting since its

US consumers expected to use credit cards more for holiday shopping, survey says

U.S. consumers expect to rely more heavily on credit cards for shopping during the Thanksgiving holiday season, according to a survey by credit bureau TransUnion

EU to toughen trade stance on China as Germany pivots

The European Union will set out next month how it will square up to increased geopolitical challenges from Beijing and others amid

KKR aims to raise $15 billion for latest Asia private equity fund, sources say

KKR is seeking $15 billion of investment in its fifth Asia private equity fund, three people with knowledge of the matter said of what would be among the region's biggest such

Private credit markets and stablecoins need close monitoring, G20 watchdog tells leaders

The boom in private credit markets and stablecoins warrants close monitoring, the Group of 20's financial risk watchdog told leaders ahead of their summit in South Africa.

FTSE 100 breaks losing streak after Nvidia forecast kindles global rally

London's FTSE 100 snapped a five-day losing streak on Thursday, as defence and energy shares led a recovery amid a global rally sparked by AI bellwether Nvidia's upbeat forecast.

India's infrastructure output flat in October, weakest in 14 months

India’s infrastructure output was unchanged in October from a year earlier, its weakest performance in 14 months, as declines in coal, crude oil and electricity production offset

Walmart moves to Nasdaq, marking biggest-ever exchange transfer

The Nasdaq's latest get is about as "old economy" as it gets - consumer giant Walmart.

Abbott bets on cancer screening with $23 billion Exact Sciences deal

Abbott will buy cancer test maker Exact Sciences in a deal valued at up to $23 billion, including debt, marking one of its largest purchases in nearly

US weekly jobless claims fall; continuing claims increase

The number of Americans filing new applications for unemployment benefits fell last week, but more out of work people are struggling to find new opportunities amid weak hiring.

Fed's Hammack warns more rate cuts court financial stability risks

Federal Reserve Bank of Cleveland President Beth Hammack warned Thursday that cutting rates further right now carries a wide range of risks for the economy.

Uber partners with Starship Technologies to launch robot deliveries in UK

Uber will partner with Starship Technologies to launch autonomous robot deliveries in the UK in December, with plans to expand to additional European markets next year and the U.S. in 2027,

UK's Starmer to go to China at the end of January, Sky News says

British Prime Minister Keir Starmer will visit China at the end of January, Sky News reported on Thursday, in what would be the first visit to the country by a British leader in

US stock futures extend gains on September jobs data

U.S. stock index futures extended gains on Thursday, as investors assessed a stronger-than-expected September jobs report and the Federal Reserve's interest rate outlook.

Wall Street opens sharply higher after Nvidia earnings, jobs data

Wall Street's main indexes jumped at the open on Thursday as technology stocks received a boost after Nvidia's stellar results quelled some concerns around an AI bubble, while a firm

'Stale' September jobs data is mixed news for a divided Fed

The U.S. economy added more jobs than expected in September, but a rise in the unemployment rate and downward revisions to prior months still presented an

Global tech shares surge as Nvidia's AI boom powers market rally

Global technology shares rallied on Thursday after Nvidia's blow-out quarterly results signaled that demand for artificial intelligence hardware remains strong

Trump's big bill will boost growth but impact muted by Fed interest rates, research shows

The Trump administration's mammoth fiscal legislation will boost economic growth next year, but the impact will be partially undercut by Federal Reserve

Ocado's robotic future under threat as Kroger looks to Instacart

U.S. retailer Kroger's decision to close three of the eight automated warehouses it built with Ocado and expand its ties with the likes of Instacart and DoorDash

Bath & Body Works forecasts sales dip as holiday demand wanes; shares plunge

Bath & Body Works forecast a surprise sales decline for the crucial holiday quarter on Thursday, signalling weak appetite for scented candles and fragrances among cash-

Global tech shares falter as Nvidia-led rally stalls

U.S. technology stocks failed to hold on their initial gains on Thursday, as a rally driven by Nvidia ran out of steam with concerns of lofty

Walmart bumps up outlook ahead of holidays, plans listing switch to Nasdaq

Walmart on Thursday raised its annual forecasts for the second time this year

Edgy Iran seeks Saudi leverage to revive stalled nuclear talks with US

Iran has asked Saudi Arabia to persuade the U.S. to revive stalled nuclear talks, underlining Tehran's anxiety over a possible repeat of Israeli airstrikes and its

AI boom brings fresh risks to US markets, and more money to M&A

The AI boom is bringing new risks to the financial markets as investors flock to tech stocks and executives pay steep premiums to buy AI technology they cannot

US existing home sales increase in October

U.S. existing home sales increased in October as buyers took advantage of lower mortgage rates, though rising unemployment and high home prices remain a constraint for the

SoftBank to invest $3 billion in Ohio factory for OpenAI data center, The Information reports

SoftBank plans to invest up to $3 billion to overhaul an electric vehicle facility in Lordstown, Ohio, which will produce equipment for OpenAI’s forthcoming data centers after being

US homes sales rose in October as homebuyers seized on declining mortgage rates

Sales of previously occupied U.S. homes increased last month to the fastest pace since February as lower mortgage rates helped pull more homebuyers into the market

Waymo to broaden US robotaxi footprint with moves into Minneapolis, Tampa, New Orleans

Alphabet's Waymo will expand its robotaxi operations to Minneapolis, Tampa and New Orleans in the coming days, the ride-hailing service provider said on Thursday, as it accelerates the

Starbucks must face shareholder lawsuit over surprise sales decline

Starbucks must face a lawsuit claiming it defrauded shareholders by concealing declining sales in the United States and China, its largest markets, leading to a 16% drop

Insurance IPOs hit 20-year high on Wall Street after tariff-driven chaos

Insurance companies' first-time share sales on Wall Street hit a 20-year high this year as investors flocked to firms that were insulated from U.S.

US FCC votes to advance wireless spectrum auction, avoid aviation standoff

The Federal Communications Commission voted 3-0 on Thursday to advance plans to auction key wireless spectrum crucial for advanced technology uses and aims to

US filings for jobless benefits remained in historically healthy range during government shutdown

New U.S. jobless claim applications fell last week, remaining within the healthy range of recent years, according to the government’s first weekly layoffs data since before the government shut down on Oct. 1

New study shows global luxury shoppers are spurning high-end brands over steep price hikes

Global sales of personal luxury goods are expected to decline for the second consecutive year

Starbucks union says 30 more US stores are joining week-old strike

Starbucks’ union is expanding its week-old strike against the company

The US economy added 119,000 jobs in September, but unemployment rose to a nearly four-year high

The US economy added 119,000 jobs in September, but unemployment rose to a nearly four-year high

The Weeknd's 'After Hours 'Til Dawn' Tour grosses over $1 billion, Live Nation says

The Weeknd’s After Hours ’Til Dawn Tour has officially crossed the $1 billion mark according to Live Nation

Farmers – long Trump backers – bear the costs of new tariffs, restricted immigration and slashed renewable energy subsidies

In the past, farmers have balanced their political beliefs against market logic. How much pressure can farmers endure?

Kevin Spacey says he doesn’t have a home

Kevin Spacey says he doesn’t have a home

GE Appliances bolsters ties with US suppliers as it moves production from China to Kentucky

GE Appliances says it has awarded more than $150 million in new contracts to U.S. suppliers as a result of its decision to shift production from China to Kentucky

Walmart just proved it’s America’s solution to the affordability crisis

Walmart just proved it’s America’s solution to the affordability crisis

Brussels hosts talks on Gaza reconstruction, security and governance

More than 60 delegations have met in Brussels to discuss reconstruction and governance in Gaza, focusing on reforming the Palestinian Authority

Prada heir Lorenzo Bertelli will have strategic role at Versace as executive chairman

Prada heir Lorenzo Bertelli is set to play a major strategic role as executive chairman of Versace following the Prada Group's 1.25 billion-euro deal to acquire its rival

Behind Trump defense of Saudi crown prince, a deeper US shift on human rights

When President Donald Trump defended Saudi Arabia's crown prince this week over the 2018 killing of U.S.-based journalist

Christmas market in Germany opens after last year's deadly attack in the city of Magdeburg

The Christmas market in the German city of Magdeburg has opened almost a year after a car-ramming attack killed six people

Spanish court orders Meta to pay nearly half a billion euros in damages to media outlets

Spanish legacy media companies in Spain have scored a victory against social media giant Meta after a Madrid-based court ordered that it must pay news outlets nearly half a billion euros in damages

The world’s coolest streets have been named. Here’s what locals really think

The world’s coolest streets have been named. Here’s what locals really think

Volunteer patrols and the PTA at school entrances: How some Charlotte residents are mobilizing amid the immigration crackdown

Volunteer patrols and the PTA at school entrances: How some Charlotte residents are mobilizing amid the immigration crackdown

As infant botulism cases climb to 31, recalled ByHeart baby formula is still on some store shelves

Health officials say at least 31 babies in 15 states have been treated for botulism as an outbreak tied to ByHeart formula continues to grow

China says trade cooperation with Japan 'severely damaged' by Taiwan comments

Trade cooperation between China and Japan has been "severely damaged", the Chinese commerce ministry said on Thursday, urging the Japanese prime

Employment in German auto sector at lowest level in over a decade

Employment in Germany's struggling automotive sector is at its lowest level in more than a decade following the elimination of tens of thousands of jobs, said the federal statistics

Greece's Piraeus port not for sale, China tells US 

China's controlling stake in the Greek port of Piraeus, one of the largest in Europe, is not for sale, the Chinese embassy in Greece said, denouncing comments by

European shares advance on Nvidia results lift; investors assess US jobs data

By Anastasiia Kozlova, Johann M Cherian and Tharuniyaa .

EU should stop sending money to Ukraine after corruption reports, says Hungary

Hungary's Foreign Minister Peter Szijjarto on Thursday said the European Union should stop sending money to the Ukrainian government after corruption reports.

Bootmaker Dr Martens' shares fall as US tariffs weigh on profit

British boot brand Dr Martens warned on Thursday its full-year results would be hit by U.S. import tariffs, sending its shares down as much as 11% despite assurances that it would absorb

Philippine court convicts former mayor of human trafficking

A Philippine court has convicted a dismissed town mayor, who officials say is Chinese national, of human trafficking charges for helping establish an illegal online gaming and scam complex where hundreds of Chinese and other foreign workers where forced to conduct scams

Building an emergency fund can feel daunting, but these tips can help

Maybe your car broke down, your computer was stolen, or you had a surprise visit to urgent care

ECB's Makhlouf says material outlook change is needed for rate cut

The euro zone economy is developing as expected and a compelling shift away from this path would be needed to support another European Central Bank interest rate

Resilient domestic economy gives India space to negotiate U.S. trade deal, sources say

India’s strong

Auterion says Rheinmetall stake to boost drone software group's growth

Auterion CEO Lorenz Meier said having German defence player Rheinmetall on board as a "significant" shareholder in the U.S.-

US, Taipei laud opening of Google's new Taiwan AI engineering centre

Alphabet's Google opened a new AI infrastructure hardware engineering centre in Taiwan on Thursday - its biggest outside of the U.S. - in what Taiwan's president said

BOJ policymaker leans towards rate hike despite government pushback

The Bank of Japan must keep raising real interest rates to "a state of equilibrium," board member Junko Koeda said on Thursday in the wake of renewed yen

Italy eyes first rating upgrade from Moody's in 23 years

Moody's review of Italy on Friday may yield the first rating upgrade for almost a quarter of a century, analysts say, reflecting growing confidence in the public

Offhand remark, symbolic suit signal long winter for Japan-China ties

An off-the-cuff remark by new Prime Minister Sanae Takaichi that triggered Japan's biggest bust-up in years with powerful neighbour China was not

World's richest nations are pulling back from global development efforts, study show

Two dozen of the world's richest nations, including the United States and Japan, are pulling back from their global development push, a study published on Thursday shows, with many

US economy likely added jobs at a moderate pace in September

U.S. job growth likely picked up moderately in September, while the unemployment rate held steady near a four-year high of 4.3%, consistent with sluggish labor

US jobs test looms after Nvidia relief

A look at the day ahead in European and global markets from Gregor Stuart Hunter: It's like Christmas came early for stock traders.

Americans like democracy, but don't believe it or US institutions are working well, poll finds

A Kettering Foundation-Gallup poll finds that about half of U.S. adults believe democracy is functioning “very” or “moderately” poorly in the United States, while only around one-quarter think it’s doing “very” or “moderately” well

BOJ set to hike interest rates in December, but decision on knife-edge: Reuters poll

The Bank of Japan will raise interest rates at its upcoming December meeting, according to a slim majority of economists in a Reuters poll, pushing through with

South Africa deploys 3,500 extra police officers and braces for protests around the G20 summit

South African authorities say they are planning for multiple protests by local and international activists around this weekend's Group of 20 world leaders summit in Johannesburg

Leaders press on with G20 summit in South Africa that won't have US and Trump

Leaders and delegates from the world’s richest nations and top developing countries are gathering this weekend for the Group of 20 summit in South Africa, an event overshadowed by the boycott of U.S. President Donald Trump and his administration

Larry Summers takes leave from teaching at Harvard after release of Epstein emails

Former U.S. Treasury Secretary Larry Summers has abruptly gone on leave from teaching at Harvard University over recently released emails showing he maintained a friendly relationship with Jeffrey Epstein

Tipping point or bubble? Nvidia CEO sees AI transformation while skeptics count the risks

Nvidia CEO Jensen Huang says he does not see an AI bubble, but rather a tipping point.

HSBC appoints Steve Hughes as CEO and head for Australia and New Zealand banking

HSBC has appointed Steve Hughes as CEO and head of Banking for Australia and New Zealand, effective January 1, 2026, a company spokesperson said on Thursday.

Japan's stimulus to be worth $135 billion, largest since pandemic, draft shows

Japan's government is in the final stages of assembling a stimulus package worth 21.3 trillion yen ($135.38 billion) to help households cope with persistent

Stocks soar on Nvidia earnings relief as markets brace for US jobs data

A relief rally swept across Asian markets and lifted stocks on Thursday as investors cheered Nvidia's market-topping earnings, while the dollar ticked up

Arrests now top 250 in immigration crackdown across North Carolina

Federal agents have now arrested more than 250 people during an immigration crackdown in North Carolina centered around Charlotte, the state’s largest city

China imports no US soybeans for second month, Brazil arrivals up 29%

China imported no soybeans from the U.S. for a second straight month in October even as total imports surged to a record high on purchases from South America, with buyers aiming to

Australia central bank scrutinising three factors that could sway policy

Australia's central bank is examining three issues that could influence policy, including whether firms have changed how they set prices and whether the transmission channels for

House gets back to work and quickly falls into a cycle of punishing its own

The U.S. House is back in session after a multi-week hiatus

Larry Summers leaves OpenAI board, Harvard instructor role as scrutiny over Epstein emails intensifies

Larry Summers leaves OpenAI board, Harvard instructor role as scrutiny over Epstein emails intensifies

Trump says he and Mamdani will meet Friday in Washington, setting up clash of political opposites

President Donald Trump says he will meet with New York City Mayor-elect Zohran Mamdani in Washington later this week

Former Harvard president Larry Summers steps aside from teaching as university probes Jeffrey Epstein documents

Former Harvard president Larry Summers steps aside from teaching as university probes Jeffrey Epstein documents

China's Lenovo signs long-term component‑supply deal for next year

Lenovo said on Thursday it has signed long-term contracts for memory chips to ensure supplies amid rising memory prices because of surging AI demand.

China leaves benchmark lending rates unchanged for the sixth straight month

China left benchmark lending rates unchanged on Thursday for the sixth consecutive month in November, matching market expectations.

US authorizes export of advanced American semiconductors to companies in Saudi, UAE

The U.S.

Central Bancompany raises $373 million in US IPO

Central Bancompany raised $373.33 million in its U.S. initial public offering on Wednesday, positioning the lender for its debut during a period of renewed investor scrutiny of regional

UK consumer sentiment slides ahead of budget, retailers say

British consumers' optimism about the economy and their own finances recorded its sharpest fall this month since April, when many household bills increased and U.S.

Ohio regulators order FirstEnergy to pay more than $250 million in penalties and refunds

The Public Utilities Commission of Ohio on Wednesday ordered FirstEnergy’s Ohio utilities to pay $250.7 million in penalties and refunds after an investigation linked to a bribery scandal

Trafigura's Nyrstar casts first antimony at South Australia plant

Trafigura unit Nyrstar said on Thursday it had started casting antimony metal in a pilot plant at its Port Pirie metals facility in South Australia, a project listed as part of the U.S.-

Myanmar's military says it detained foreigners in raid on a second major online scam center

Myanmar’s military government says it has extended its crackdown on online scam activities to a second major location, detaining hundreds of foreigners and seizing thousands of mobile phones used to carry out the fraud

Democratic senator accuses Trump of playing politics with aviation safety during shutdown

Democratic Sen. Tammy Duckworth suggested during a hearing that the Trump administration was playing politics with the aviation system during the shutdown to force an agreement to reopen the government

Brazil's Lula joins negotiators at UN climate talks, but no deal yet on major issues

The return of Brazil’s president Luiz Inácio Lula da Silva to UN climate talks was hoped to spur nations to meet a self-imposed early deadline for progress on tough issues

Amkor shares rally in late trade, to work with Nvidia on packaging 

Shares in Amkor Technology rose more than 8% in after-the-bell trading on Wednesday during Nvidia's conference call after the AI chip leader's chief financial officer named Amkor among

Axalta investor Artisan Partners urges rejection of AkzoNobel deal

Investor Artisan Partners is unhappy with Axalta Coating Systems' plans to combine with AkzoNobel in an all-stock deal that will create a paint industry

Appeals court pauses order restricting use of force by immigration agents in Chicago-area crackdown

A federal appeals court is temporarily halting an order that restricts the use of force by federal immigration agents in the Chicago area, calling it “overbroad” and “too prescriptive.”

Nvidia's strong forecast calms AI bubble jitters, for now

Nvidia CEO Jensen Huang on Wednesday shrugged off concerns about an AI bubble as the company surprised Wall Street with accelerating growth after

US Social Security scraps plan to limit disability benefits, WaPo reports

The Social Security Administration has scrapped a plan that would have stopped thousands of Americans from qualifying for disability benefits, the Washington Post reported on Wednesday,

German tax revenues rise 0.5% in October, finance ministry says

Germany's federal and state government tax revenues were up slightly in October, rising 0.5% from the same month a year ago, the finance ministry said in a report on Thursday.

Buffett-owned utility reaches $150 million Oregon wildfire settlement

PacifiCorp, owned by Warren Buffett's Berkshire Hathaway, said on Wednesday it reached a $150 million settlement with 1,434 plaintiffs who blamed the utility for

G20 countries' medium-term growth to be weakest since 2009 crisis, IMF says

The world's 20 largest economies will grow by just 2.9% in 2030 amid headwinds from protectionism and policy uncertainty, their weakest medium-term outlook since

Biggest US power grid operator moving forward with plan to manage data centers

Operators of the U.S. electric grid covering the world's largest data center market on Wednesday said they planned to move forward with a plan to manage the connection of

US, Saudi tout new business deals at investment forum

Saudi and U.S. officials touted billions of dollars in new investments and growing financial ties between the two countries on Wednesday, coinciding with

Court orders independent probe into First Brands fraud allegations

A U.S. bankruptcy judge on Wednesday ordered an independent investigation into auto parts maker First Brands, allocating a $7 million budget to probe allegations

APM Terminals to invest $550 million in Peru's Callao port

Dutch port operator APM Terminals will invest $550 million to expand Peru's Callao port starting in January, chief commercial officer for the company's Peru

Trump administration extends order keeping Michigan coal online past closure date

The Trump administration has once again extended the life of a Michigan coal-fired power plant

Nvidia earnings clear lofty hurdle set by analysts amid fears about an AI bubble

Nvidia’s sales of the computing chips powering the artificial intelligence craze surged beyond the lofty bar set by stock market analysts in a performance that may ease recent jitters about a Big Tech boom turning into a bust that topples the world’s most valuable company

LATAM Airlines and Chilean pilots union reach contract agreement, ending strike

LATAM Airlines and pilots for the carrier in its home country of Chile have reached a contract agreement, the union said on Wednesday, bringing an end to a week-long strike.

US will soon announce details of farmer payments, says agriculture secretary

The administration of President Donald Trump will soon announce details of payments to farmers hurt by low crop prices and trade disputes, Agriculture Secretary

Why the world’s richest man and the CEO of the most valuable company met with Saudi officials

Why the world’s richest man and the CEO of the most valuable company met with Saudi officials

Oil settles down on renewed push to end Russia-Ukraine war

Oil prices fell on Wednesday after reports indicated the U.S. is renewing its push to end Russia's war in Ukraine and has drafted a framework for it.

Trump says his approval ratings are down, except with 'smart people'

U.S. President Donald Trump did something on Wednesday he has rarely done: He admitted his poll numbers had gone down.

Trading Day: Markets becalmed, Nvidia reports

Global stock markets were generally calm on Wednesday and wider measures of volatility eased as investors awaited U.S. chipmaker Nvidia's latest earnings,

Palo Alto Networks to buy Chronosphere for $3.35 billion, raises annual forecasts

Palo Alto Networks said on Wednesday it will buy cloud management and monitoring company Chronosphere for $3.35 billion, as the cybersecurity firm looks to strengthen its AI

US senators unveil bill to prevent export monopolies after Huawei showdown 

A bipartisan duo of U.S. senators unveiled a bill on Wednesday that directs the Commerce Department to create a level playing field when issuing export

Chinese drug trafficking suspect handed to the US by Mexico pleads not guilty in NYC

A Chinese drug trafficking suspect who escaped custody in Mexico only to be recaptured in Cuba has been turned over to the U.S. to face charges he trafficked large quantities of cocaine and fentanyl into the country

Senate committee advances a Trump-aligned pick for HHS watchdog, a role long seen as nonpartisan

A U.S. Senate committee has advanced a candidate openly supportive of President Donald Trump to be inspector general for the Department of Health and Human Services

Amid anti-immigration sentiment and policies, the US Latino population grows and cultural traditions remain

Amid anti-immigration sentiment and policies, the US Latino population grows and cultural traditions remain

MLB's new media deals with ESPN, NBC and Netflix total $800M annually

ESPN and Major League Baseball have reworked their media rights deal

Nvidia beats earnings expectations, even as bubble concerns mount

Nvidia beats earnings expectations, even as bubble concerns mount

Tom Steyer is running for California governor as a populist billionaire

Billionaire businessman and activist Tom Steyer is running for California governor as a Democrat

Trump says allowing skilled immigrants to train US workers 'is MAGA'

President Donald Trump is again expressing support for skilled immigrants training U.S. workers in high-tech factories

Nvidia's earnings attest to its leadership in the AI race. By the numbers

Nvidia reported more eye-catching numbers for its fiscal third quarter Wednesday, with net income jumping 65% and revenue increasing 62% from a year earlier

Wall Street swings through another erratic day ahead of a couple of crucial tests

The U.S. stock market swung through another unsettled day of trading, ahead of a couple of crucial tests for Wall Street

New Orleans may be next as immigration enforcement expands in North Carolina. Here’s what we know

New Orleans may be next as immigration enforcement expands in North Carolina. Here’s what we know

New commissioner Kessler lays out 2026 schedule and a plan to get LPGA on the right path

Craig Kessler is painting an optimistic future for the LPGA Tour

AI-focused developers help fuel New York City life, city agency chief says

New York City companies focused on artificial intelligence, which rely on human interaction to grow, are boosting office leasing and inspiring the return of workers

Trump's semiconductor tariff plan likely delayed, officials say

U.S. officials are privately saying that they might not levy long-promised semiconductor tariffs soon, potentially delaying a

Wall St ends higher in anticipation of jobs data, Nvidia tops estimates

U.S. stocks climbed on Wednesday, clawing back some ground lost during the recent selloff as investors positioned themselves ahead of Nvidia's much-anticipated

Germany will not reach defence spending target of 3.5% in 2029

Germany will not hit its own 3.5% defence spending target in 2029, Defence Minister Boris Pistorius said on Wednesday, as the country ramps up spending in the wake of Russia's war

Wall Street indexes end rocky session higher; Nvidia gains after hours  

U.S. stocks ended a choppy session higher on Wednesday, bouncing off recent losses as technology stocks rose ahead of Nvidia's quarterly results.

Larry Summers resigns from Santander's advisory board, spokesperson says

Former U.S. Treasury Secretary Larry Summers has resigned from Santander's international advisory board he currently chaired, a Santander spokesperson said on Wednesday.

Axalta investor Artisan Partners: Say 'no' to AkzoNobel deal

Investor Artisan Partners is unhappy with Axalta Coating Systems' plan to combine with AkzoNobel in an all-stock deal that would create a paint industry

Trump's economy depends on AI for growth, a reality made clear in Saudi crown prince's US visit

President Donald Trump is counting on the tech sector and artificial intelligence to drive his economic agenda

Trump moves to strip protections for endangered and threatened species

Trump moves to strip protections for endangered and threatened species

What to expect in Thursday’s jobs report

What to expect in Thursday’s jobs report

Trump teases he’ll fire Bessent if Fed doesn’t cut interest rates

Trump teases he’ll fire Bessent if Fed doesn’t cut interest rates

Novartis to build manufacturing hub in North Carolina, creating 700 jobs

Novartis will expand its operations in North Carolina and build a manufacturing hub there as part of a planned $23 billion of U.S. infrastructure investment over the next five years,

US lawmakers say any civil nuclear deal with Saudi must not create arms race

U.S. lawmakers cautioned against ushering in a nuclear arms race in the Middle East after the United States and Saudi Arabia said they signed an initial

AI set to redefine shopping and payments, Affirm CEO says

Max Levchin, CEO and co-founder of Affirm, which offers buy now, pay later plans, said artificial intelligence is poised to transform shopping by taking over human tasks and

Fed minutes show broad support for ending quantitative tightening

By Michael S.

US secures $1 trillion Saudi spending commitments spanning nuclear energy to F-35s

U.S.

Many Fed policymakers at last meeting were opposed to December rate cut

A divided Federal Reserve cut interest rates last month even as policymakers cautioned that doing so could risk entrenched inflation and a loss of public

US canceling October's employment report after shutdown prevented data collection

The U.S.

Labor Department won't release full October jobs report, a casualty of the 43-day federal shutdown

The Labor Department said Wednesday that it will not be releasing a full jobs report for October because the 43-day federal government shutdown meant it couldn’t calculate the unemployment rate and some other key numbers

Fed minutes: Most officials supported more rate cuts but not necessarily in December

A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, according to minutes released Wednesday

House reprimands Illinois congressman over succession plan, angering Democrats

The House has voted to reprimand Illinois Rep. Chuy Garcia over an eyebrow-raising succession plan for his congressional seat

UN children's agency to move majority of jobs out of Geneva and New York following funding cuts

The majority of staff jobs at the United Nations children's agency in Geneva and New York will be relocated to cheaper locations, as the

Trump administration may delay biofuel import credit cuts as refiners balk

President Donald Trump's administration is considering delaying for one or two years its proposed cuts in incentives for imported biofuels amid pressure from U.S.

Adobe, Qualcomm partner with Humain on generative AI for Middle East

Adobe and Qualcomm said on Wednesday they are partnering with Humain, the artificial intelligence firm backed by Saudi Arabia's sovereign wealth fund, to

Bank of Canada urges coordinated approach to boost weak productivity

The Bank of Canada on Wednesday called for a coordinated economy-wide approach to boost weak productivity, an issue it said was becoming more pressing in

Aramco signs preliminary US deals worth more than $30 billion

Oil giant Saudi Aramco said on Wednesday it had signed 17 preliminary deals with U.S. companies with a potential overall value of more than $30 billion, during a visit to

Saudi crown prince hosted at friendlier US Congress

Saudi Crown Prince Mohammed bin Salman met with members of Congress at the U.S.

Cuba struggles to ease power cuts amid reduced fuel supplies from Venezuela, Mexico

Cuba's imports of crude and fuel in the first 10 months of the year fell more than a third compared with the same period of 2024 as key allies

Muddy waters' Carson Block says he is long Snowline Gold Corp

Muddy Waters' founder Carson Block said on Wednesday he has taken a long position in Canadian gold miner Snowline Gold Corp, marking a departure for the famed short seller.

Trump again criticizes Fed's Powell, says 'I'd love to fire his ass'

U.S.

Caught on camera: Story County Sheriff’s Office releases jaw-dropping video of drunk driving crash

Caught on camera: Story County Sheriff’s Office releases jaw-dropping video of drunk driving crash

SEC lacks first-round NFL talent in 2026 because players have not met expectations, evaluator says

Florida defensive tackle Caleb Banks is returning to the field in hopes of impressing NFL scouts

Trump nominates new CFPB director, but White House says agency is still closing

President Trump has nominated Stuart Levenbach as the next director of the Consumer Financial Protection Bureau

Nominee for US deputy ambassador to UN calls for reforms at 'ineffective' global body

President Donald Trump’s nominee to be U.S. deputy ambassador to the United Nations has urged “bold reform” of what she calls the “bloated, unfocused and ineffective” global organization

Jessica Tisch accepts Zohran Mamdani’s offer to remain New York police commissioner

Jessica Tisch accepts Zohran Mamdani’s offer to remain New York police commissioner

Thousands of Tunisian doctors strike, say health system close to collapse

Thousands of young doctors went on strike across Tunisia on Wednesday to demand higher pay and warn of an impending collapse of the health system, part of a broader

AMD, Cisco and Saudi's Humain launch AI joint venture, land first major customer

By Max A.

Christian tech platform Gloo fetches $586 million valuation in Nasdaq debut

Christian-focused tech platform Gloo was valued at $586 million as its shares opened flat in their Nasdaq debut on Wednesday, adding to a string of lukewarm listings

Kraken confidentially files for IPO as crypto firms eye listings before 2026 midterms

Kraken, one of the world's largest cryptocurrency exchanges, said on Wednesday it has confidentially filed for an initial public offering in the U.S

UK to ban the resale of tickets for profit to protect fans

Britain said on Wednesday it would ban the resale of tickets to concerts, sport and other live events for profit, disrupting ticket touts and the platforms that benefit from their

Dollar extends gains vs yen as traders await US jobs report

The dollar strengthened against the yen on Wednesday and the Japanese currency fell to a 10-month low, while Finance Minister Satsuki Katayama declared that

Analysis: Trump keeps lying while accusing others of lying

Analysis: Trump keeps lying while accusing others of lying

The Latest: Trump to decide on Epstein files release after Senate agrees to pass the legislation

Both the House and Senate have acted decisively to pass a bill forcing the Justice Department to release its files on the convicted sex offender Jeffrey Epstein

Top Ukrainian ministers submit their resignations as the country is rocked by a corruption scandal

Ukraine’s justice and energy ministers submitted their resignations amid a major embezzlement and kickbacks scandal involving the state nuclear power company

The Netherlands takes a big step to defuse its dispute with China that threatened car production

The Netherlands takes a big step to defuse its dispute with China that threatened car production

European shares flat; investors brace for Nvidia results

By Anastasiia Kozlova, Johann M Cherian and Tharuniyaa .

Kosovo heading for an early vote after lawmakers fail to elect government

Kosovo lawmakers have failed to elect a new government meaning that the country is heading for an early election

Schneider Electric seals $2.3 billion in US data centre deals to power AI boom

Schneider Electric said on Wednesday it had signed new deals worth almost $2.3 billion with two U.S. data centre operators, as surging adoption of artificial

US shoppers find Thanksgiving relief on turkey, but feel the pinch on pricier side dishes

Deep discounting by U.S. retailers on turkeys pushed the cost of the traditional Thanksgiving dinner lower for a third straight year, while costs for side dishes

Gaza storms bring flooding, sewage and misery in tent camps

Crammed into flimsy tent camps hard up against the seashore, Gazans have been flooded by heavy rain and storm surges in recent days, destroying some shelters

MP Materials to build Saudi rare earths refinery with Pentagon, Maaden

MP Materials said on Wednesday it would build a rare earths refinery in Saudi Arabia with the U.S.

A health center closure in New England town reveals toll of federal cuts on rural communities

Medicaid cuts are being blamed for the closure of a community health center in New Hampshire's White Mountains

Takeaways from Trump's White House meeting with Saudi crown prince: Deals and bromance

A jovial President Donald Trump has held a warm and friendly meeting with Saudi Crown Prince Mohammad bin Salman at the White House

U.S. trade deficit drops 24% in August as Trump's tariffs reduce imports

The U.S. trade deficit fell by nearly 24% in August as President Donald Trump’s sweeping global tariffs pushed imports lower

Man self-funds homeless shelter, says need is urgent

Man self-funds homeless shelter, says need is urgent

US trade deficit narrows sharply in August in boost to third-quarter GDP

The U.S. trade deficit narrowed more than expected in August as businesses imported fewer goods against the backdrop of higher tariffs, a trend that if

Uranium enrichment not part of civil nuclear deal with Saudi Arabia, US energy secretary says

Uranium enrichment is not part of the deal on civil nuclear energy reached with Saudi Arabia, U.S. Energy Secretary Chris Wright said on Wednesday.

White House move gives budget director more time to eliminate consumer finance agency

The White House has nominated a director to lead the Consumer Financial Protection Bureau, a legal maneuver that buys Acting Director Russell Vought more time

Wall Street opens higher as Nvidia test looms

Wall Street's main indexes opened slightly higher on Wednesday following sharp losses earlier in the week, as investors set their eyes on Nvidia's earnings which could prove to be a make-or

US Census Bureau to release Sept retail sales, durable goods orders reports next week

The U.S. Commerce Department's Census Bureau said on Wednesday it would publish both September retail sales and food services and durable goods orders reports next week.

Easing regulations could lead to smaller Fed balance sheet, Miran says

By Michael S.

Fed's Miran calls for exempting Treasuries from bank leverage rule

Federal Reserve Governor Stephen Miran on Wednesday called for regulators to exempt U.S.

Quarterly profit slide at Target hints at a challenging holiday season for the retailer

Target’s third-quarter profit tumbled as the retailer struggles to lure shoppers that are being pressed by stubbornly high inflation

Crypto was booming. Now it's melting down.

Just six weeks after notching a record high above $126,000, bitcoin has plummeted more than 26%. CNN's Phil Mattingly looks into what might be driving the crypto malaise.

New sanctions target Russian web hosting service over suspected ransomware operations

The United States, Britain and Australia have announced sanctions against a Russia-based web hosting service for allegedly running ransomware operations

Europe could get Cypriot natural gas by 2027, president says

The president of Cyprus says some of the estimated 20 trillion cubic feet of natural gas discovered in waters off the island nation could reach European markets as soon as 2027

Investors pull record $523 million from BlackRock's flagship bitcoin ETF

Investors pulled roughly $523 million from BlackRock's flagship iShares Bitcoin Trust on Tuesday, according to data from Farside Investors, marking the

Ukraine fires two ministers as corruption crisis spreads anger

Ukrainian lawmakers fired two ministers ensnared in a major corruption probe on Wednesday and called for more sweeping measures to restore faith in the

Danish Social Democrats lose ground in local polls on cost-of-living, welfare concerns

Denmark's ruling Social Democratic Party suffered big losses in municipal elections, official results showed on Wednesday, less than

EU-Mercosur trade deal still needs work to be acceptable for France, says government

A trade deal negotiated between the European Union and the South American trade bloc Mercosur is still not acceptable for France in its current form, a French government spokesperson

Target plans another $1 billion investment to jumpstart sagging sales

Target reported a bigger-than-expected drop in comparable sales on Wednesday and offered a wide range of profit outcomes for its holiday quarter, as

Lowe's trims annual forecasts but quarterly profit beat lifts shares

Lowe's Cos signaled a strong start to the fourth quarter after topping profit estimates, but followed Home Depot in projecting muted annual earnings and sales as budget-

Adobe bolsters AI marketing tools with $1.9 billion Semrush buy

Adobe will acquire software platform Semrush for $1.9 billion, the companies said on Wednesday, as the Photoshop maker looks to strengthen its marketing tools and attract

European defence stocks fall on signs of U.S. push over Ukraine war

European aerospace and defence stocks fell more than 3% on Wednesday on signs of a fresh U.S.-led push to end the Russia-Ukraine war, which also lifted Ukraine's government bonds.

David Beckham signs sports partnership deal with Bank of America

Former England soccer captain David Beckham signed a multi-year partnership with Bank of America to promote global sports programs ahead of the 2026 FIFA World Cup

US tourism expected to score big with FIFA World Cup

International tourism to the U.S. could get a much-needed boost from the 2026 FIFA World Cup after a sluggish 2025, when visitors stayed away amid unease over President

Trade between Latin America and the Caribbean due to grow in 2025 despite US tariff policy,  ECLAC report shows 

Trade between Latin America and the Caribbean will likely grow in 2025 despite broad U.S. tariffs across the region, which have had a weaker impact than initially

How climate finance to help poor countries became a global shell game – donors have counted fossil fuel projects, airports and even ice cream shops

Wealthy countries promised billions of dollars to help developing nations adapt to climate change, but the result rests on a shaky foundation of fuzzy accounting.

Tom Steyer, the billionaire Democratic activist, enters California governor’s race

Tom Steyer, the billionaire Democratic activist, enters California governor’s race

Target may have hit rock bottom

Target may have hit rock bottom

UK warns Russia it's ready to deal with any incursion after spy ship is spotted

Britain has warned Russia it is ready to handle any incursion into its territory after the spy ship Yantar was detected near U.K. waters

Singapore woos growth firms with plans to make SGX-Nasdaq dual listing easier

Singapore's central bank said on Wednesday it would make it easier for companies to establish dual listings on the Singapore Exchange and the

Implementation of lower US tariffs on Switzerland targeted in coming days

The United States and Switzerland are working towards implementing a reduction in U.S. tariffs on Switzerland to 15% from 39% in the coming days, the Swiss government said after it

UK PM Starmer does not rule out extending income tax threshold freeze

British Prime Minister Keir Starmer did not rule out extending an income tax threshold freeze when asked about it on Wednesday, amid ongoing speculation about finance minister Rachel

Lithuania to reopen Belarus border after balloon incidents

Lithuania will reopen its border crossings with Belarus, ending a closure imposed in response to airspace disruptions by smugglers' balloons, the Baltic republic

G20 financial watchdog backs modernising regulations

Modernising regulations, aligning rules around stablecoins and keeping tabs on ballooning debt and private credit markets are next year's top priorities, global

Amundi's Mortier worried about Fed independence, cautious on megacap stocks

Damage to the independence of the U.S.

Brazilian lender BRB to hire audit firm to investigate facts linked to Banco Master

Brazilian state-run bank BRB said on Wednesday that its board decided to hire a specialized external audit firm to investigate the facts related to a police operation which

TJ Maxx parent TJX raises annual forecast as deal-focused shoppers drive demand

TJX Cos raised annual sales and profit forecasts on Wednesday, betting that a wide sourcing network and fresh seasonal assortments will attract bargain-hunting customers to its off-price

France obtains freeze of Dubai properties linked to drug trafficking, minister says

The United Arab Emirates has agreed to seize around 40 Dubai apartments and luxury villas suspected of being linked to drug trafficking in France, French Justice Minister Gerald

AI is about to face an enormous test. The market is already nervous

AI is about to face an enormous test. The market is already nervous

Fed minutes expected to detail a policy divide that may be deepening

The minutes of the U.S. central bank's October 28-29 meeting could provide more insight on Wednesday into the depth of the divide that has emerged among

Japan policymakers agree to watch market with 'strong sense of urgency', yen weakens

Bank of Japan Governor Kazuo Ueda and key economic ministers in the country's new government have agreed to watch market developments with a "

What Fed cut? US repo rates still high as liquidity tightens into year-end

The cost of U.S. overnight funding in the repo market has stayed stubbornly high and is expected to remain elevated going into year

Archer partners with Saudi entities to develop and test air taxi operations

Archer Aviation said on Wednesday it has signed a deal with The Helicopter Company and luxury developer Red Sea Global, both owned by Saudi Arabia's Public Investment Fund, to develop, test

Boeing blunts flydubai fleet setback with new jet order

Boeing hit back at the Dubai Airshow with a provisional order for 75 of its 737 MAX jets from flydubai on Wednesday, a day after the

Tech rout pauses for Nvidia, Japan jarred

By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Anticipation of AI giant Nvidia's results after today's closing bell allowed Wall

Ro Khanna explains how he helped engineer the vote that ‘ripped MAGA apart’

Ro Khanna explains how he helped engineer the vote that ‘ripped MAGA apart’

China warns there is ‘no market’ for Japanese seafood exports as spat over Taiwan comments escalates

China warns there is ‘no market’ for Japanese seafood exports as spat over Taiwan comments escalates

China's diesel trucks are shifting to electric. That could change global LNG and diesel demand

China is rapidly replacing its aging diesel trucks with electric models, signaling a major shift in the world’s largest vehicle market

UK inflation drops to 4-month low, paving way for December rate cut

Inflation in the U.K. fell to a four-month low in October, raising expectations of another Bank of England interest rate cut next month

Chinese premier's visit to Zambia focuses on reviving a Cold War-era railway to help mineral access

Chinese Premier Li Qiang is making a two-day visit to the southern African nation of Zambia that will focus on the $1.4 billion refurbishment of a Cold War-era railway line to further improve China’s access to critical minerals

Denmark’s hardline immigration laws have caught Britain’s eye. Here’s why

Denmark’s hardline immigration laws have caught Britain’s eye. Here’s why

Nvidia shift to smartphone-style memory could double server-memory prices by end-2026

Nvidia's move to use smartphone-style memory chips in its artificial intelligence servers could cause server-memory prices to double by late 2026, according to a

Emirates reveals order for 8 Airbus A350-900

Dubai's Emirates revealed a previously undisclosed order for eight Airbus A350-900 jets on Wednesday, a day after ruling out an immediate order for larger A350-1000 aircraft.

Flydubai CEO says range and size drove Airbus jet order

The CEO of flydubai said on Wednesday the carrier had picked Airbus A321neo jets at the Dubai Airshow this week

UK house price rises slow in year to September

British house prices in September were 2.6% higher than a year earlier, the smallest annual rise since May and down from an upwardly revised increase of 3.1% in August, figures from

ECB set to hold rates through 2026 on steady economic outlook: Reuters poll

The European Central Bank will hold interest rates at least until the end of 2026, according to a majority of economists polled by Reuters, who also expected the

Australia expects more allies to sign up to its critical minerals reserve

Australia is seeing more interest in its strategic critical minerals reserve from allies including the European Union since it signed a deal

FlyDubai orders 75 Boeing 737 MAX aircraft in deal worth $13 billion as Emirates buys Airbus A350s

FlyDubai says it has ordered 75 Boeing 737 MAX aircraft in a $13 billion deal

South Africa inflation lifts slightly ahead of close rate call

South African inflation rose slightly in October, but by less than expected, prompting analysts to predict Thursday's interest rate

West scrambles to fill heavy rare earth gap as China rivalry deepens