Economy

AI could force 11 million US workers into new careers by 2035

AI could force 11 million US workers into new careers by 2035

Iranians stagger under soaring costs of seven months of war

Iran's leaders may radiate bullishness in their war with the United States, but life is becoming ever tougher for ordinary citizens unable

UPS signs deal with TikTok Shop for label-free returns 

UPS on Tuesday said it

Students protest and public sector workers strike ahead of French budget

French high school students blockaded dozens of schools and public sector workers went on strike on Tuesday, voicing discontent

Faced with US ban, Canadian booze makers see yet more hurdles at home

As a US ban on many Canadian alcohol imports takes effect on Tuesday, John Cote had hoped to boost domestic sales of his Black Fox artisanal whisky

Europe's STOXX 600 slips as elevated bond yields outweigh tech gains

European shares closed lower on Tuesday as higher bond yields dampened risk appetite, outweighing gains in technology stocks that rose on the

Alaska Air bets on premium travel to boost profit as fuel costs bite

Alaska Air Group is making its biggest push yet into premium travel, adding lie-flat seats, premium-economy cabins and new airport lounges to earn

French presidential candidate Philippe pitches later retirement, mandatory savings

French centre-right presidential candidate Edouard Philippe proposed on Tuesday raising the retirement age to 65 and making private pension savings compulsory, tackling one

Dollar hits 16-month high on euro and Swiss franc as US yields top 5%

The dollar rose to 16-month highs against the euro and Swiss franc on Tuesday as investors positioned for economic data that could offer clues on the

Airbus flies A350F freighter in challenge to Boeing

Airbus carried out a maiden flight of its delayed A350F freighter on Tuesday, hoping to loosen Boeing's decades-old grip on a vital and profitable

Spain proposes ban on evictions as ousted 87-year-old accepts offer to return home

Spain's coalition government said it had agreed proposals including banning evictions until 2030 to address the country's housing crisis,

Oil prices settle down 2.5% on signs Middle East exports recovering

Oil prices settled 2.5% lower on Tuesday as investors focused on signs of recovering crude exports from the Middle East, although prices headed for

Putin envoy, US officials discussed Ukraine war and energy initiatives, US official says

Russian President Vladimir Putin's envoy Kirill Dmitriev held "constructive" talks with US officials on ending the Ukraine war, including possible US-Russia energy

Stocks dip, 2-year US yield falls after Fed's Williams cools rate hike bets

Two-year US bond yields slipped on Tuesday as investors reduced bets on a Federal Reserve interest rate hike next month following comments by Fed

Canada's economic growth unchanged in July, August likely to expand 0.2%

Canada's economic growth was flat in July, data showed on Tuesday, in line with expectations and signaling a slower start to the third quarter after a

Senegal's $44 billion debt dilemma: To whom does it owe money and why it matters

Senegal must persuade the International Monetary Fund that its groaning debt pile is on a sustainable path before it can unlock

S&P 500 flat as higher bond yields counter tech optimism

The benchmark S&P 500 was flat on Tuesday, as rising

UK consumer lending rises at fastest pace since 1993, BoE says

Unsecured lending to British households rose at the fastest annual pace since at least 1993 in August, Bank of England data showed on Tuesday, in a sign that household

US single-family home prices rise in July, FHFA says

US single-family house prices increased in July, adding to the strain from rising mortgage rates that are pushing homeownership further out of reach for many young

Post-Assad Syria is facing its biggest stress test yet. Here’s why that matters

Post-Assad Syria is facing its biggest stress test yet. Here’s why that matters

Iran's currency hits a new record low as war erodes the country's economic stability

Iran’s currency has fallen to a new record low, with traders exchanging more than 2.5 million rials to the U.S. dollar

From motorcycles to booze, US ban on $1 billion worth of Canadian imports goes into effect

U.S.-Canada relations, already tense, are likely to deteriorate further after the United States went ahead early Tuesday with a decision to ban nearly $1 billion worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles

Iran's Revolutionary Guards woo US voters with open letter

Iran's Revolutionary Guards, whose power and influence have expanded since the US and Israel pursued war against Iran, have appealed to US

US Supreme Court mulls immigrant detention, gambling, Ten Commandments cases

Some big cases may be added to the US Supreme Court's docket for its new term that starts next week including ones involving a detention policy used in

Ryanair hopes Boeing MAX 10 certification delay will be short, CEO says

Ryanair CEO Michael O'Leary said on Tuesday that he hoped an announced delay in certification of Boeing MAX 10 planes would be "a matter of days, not weeks or months".

Anthropic leaders to control AI lab via 'Founder LLC' to promote public good over market forces

Anthropic has long positioned itself as the virtuous AI company.

GM’s pint-sized Bolt EV gets smaller production run

General Motors is building about 75% fewer Chevrolet Bolt electric vehicles than had originally been planned before federal support for EVs was yanked last

China expects trade to grow despite external challenges

China's foreign exchange regulator said on Tuesday it expects the country's trade in goods and services to keep growing, and cross-border investment to remain

Amazon, GoodRx target US prescription subscribers as health insurance coverage slips

Amazon.com, GoodRx and other companies offering online subscriptions that charge a flat fee for prescription drugs and other health services are reaping

US forces exit Iraq after two decades, leaving opening for Iran

US forces are set to pull out from their last bases in Iraq by Wednesday, a departure celebrated as a victory by Iran and its allies who now have deep

Alternative capital powers America's next wave of LNG and pipeline projects

Alternative asset managers deploying cash from their insurance arms are reshaping how America's energy

Cuba's top trade official says US impeding reforms, denies talks with Trump associates

Cuba's top trade official dismissed reports that companies linked to US President Donald Trump had come to Cuba this year to talk business, while calling

China unveils rate cut, mortgage subsidies to spur growth

China unveiled measures on Tuesday designed to steer cheaper credit into a range of sectors including infrastructure and technology, as well

In final election fight, Brazil's Lula carries hopes of Latin America's receding left

When Brazilian President Luiz Inacio Lula da Silva addressed the United Nations General Assembly in New York this month, he

Target lowers prices on nearly 2,000 items ahead of holiday season

Target said on Tuesday it is lowering prices on nearly 2,000 home items, apparel and accessories, to attract cash-strapped shoppers ahead of the all-important holiday season.

Trump just banned Canadian booze — but there’s a big catch

Trump just banned Canadian booze — but there’s a big catch

Kurt Olsen, key Trump 2020 election denier, departs Justice Department ‘grand conspiracy’ investigation

Kurt Olsen, key Trump 2020 election denier, departs Justice Department ‘grand conspiracy’ investigation

Thai cabinet approves $37.5 billion borrowing for 2027 fiscal year

Thailand's cabinet has approved 1.26 trillion baht ($37.5 billion) in new borrowing for the 2027 fiscal year starting in October, the finance ministry said on Tuesday. 

Trump’s huge tariffs on some drugmakers could end up backfiring

Trump’s huge tariffs on some drugmakers could end up backfiring

Tata leadership transition, IPO unlikely to impact ratings, S&P Global says

Potential leadership transition and listing of Tata Sons would not immediately affect the ratings of the companies in the salt-to-software conglomerate, S&P Global said on Tuesday,

Waldron long seen as next Goldman CEO. The question is when

John Waldron has long been seen as successor to Goldman Sachs CEO David Solomon. The question was when the transition would happen.

China's Golden Week travel surge masks cautious consumer spending

Chinese travellers are booking longer holidays and venturing further afield for this year's National Day holiday, yet a prolonged

Blackstone to launch investment platform for Nordics warehouses

Blackstone said on Tuesday it was launching a new logistics investment platform for the Nordics, giving investors a more direct route to put money into a high-growth sector

US auto regulator closes airbag defect petition in about 807,000 Honda Odyssey cars

A US auto regulator said on Tuesday it had closed a defect petition covering 806,963 Honda Odyssey vehicles in the United States over allegations of inadvertent airbag deployments

Malaysia begins sending home Myanmar refugees, including children, despite safety concerns

Malaysia deported around 1,500 Myanmar nationals, including children, on Tuesday as part of a refugee

China stocks end higher on policy support pledge

China stocks closed slightly up on Tuesday, after the country's cabinet pledged to step up counter-cyclical policy support to address rising economic strains, though

Toyota August sales, production fall for second straight month

Toyota Motor said on Tuesday its global vehicle sales and production fell for a second straight month in August, as declines in China, the US and the Middle East persisted

Battered bond market braces for a new era of interest rates

The world's biggest sovereign bond markets are heading for their worst month in years as soaring energy costs fan

Euro's dollar resilience faces energy price, political risk tests

The fortunes of the euro, trading not far off its lowest levels of the year against the dollar, are in the grip of a global energy

Australia's central bank raises cash rate to 15-year peak

Australia's central bank raised its cash rate to a 15-year high of 4.60% on Tuesday in its fourth hike of the year, saying inflation was too high and it was prepared to

China factories seen rebounding in September as Beijing signals more aid: Reuters poll

China's factory activity likely swung back to growth in September after two months of contraction, a Reuters poll showed on Tuesday, though a cabinet meeting on Monday

Australia household spending is flat in August after strong run

Australian household spending was flat in August as consumers cut back on everything from food to clothing and culture, data showed on Tuesday, while they forked out more

Rubio says US is hopeful 'Cuba will choose a different path'

Secretary of State Marco Rubio said on Monday the US hopes Cuba will choose "a different path," warning that those who believe they can wait out President Donald

Shares of fast-fashion platform Shein fall 6% after quarterly profit slides 67%

Shares of fast-fashion retailer Shein dropped more than 6% on Tuesday after it reported a 67% fall in quarterly profit, fuelling investor concerns over margin pressure

UN agency warns funding crisis could leave 8.3 million people without aid

A deepening funding crisis could leave nearly 8.3 million refugees and forcibly displaced people without access to assistance this year, and push

With national holidays approaching, Chinese workers demand a proper break

With China set for a week-long holiday at the start of October, many workers are taking to social media to complain about the

Our products could end all human life, buy our shares

A look at the day ahead in European and global markets from Tom Westbrook Anthropic is making a massive bet that AI will transform the global economy and that public investors will pay to underwrite

We're in this together, Earth's leaders told each other at the UN. But how does that work, exactly?

There is doom

GOP doubts about Georgia and North Carolina have Republicans shifting focus in battle for Senate

Republican hopes of winning Senate races in Georgia and North Carolina have been fading, and the GOP is increasingly focused on playing defense elsewhere with five weeks until the midterm elections

Mediators are working to broker a US-Iran deal, but major hurdles remain

Officials tell The Associated Press that mediators are working with Iran and the United States on a deal to end fighting and open the Strait of Hormuz

Senate passes major bill to overhaul college sports

Senate passes major bill to overhaul college sports

Anthropic warns AI may pose 'existential risks to humanity' in IPO filing

Anthropic plans to caution potential investors in its IPO that advanced AI could pose "catastrophic or existential risks to humanity," an extraordinary

South Korean exports seen rising for 16th month on solid AI chip demand: Reuters poll

South Korean exports likely rose for a 16th consecutive month in September on solid chip demand tied to AI investments, a Reuters poll showed on Tuesday,

New Zealand sees smaller budget deficit before election

New Zealand Prime Minister Christopher Luxon on Tuesday pointed to an improving fiscal position and a stronger-than-expected economy as evidence of his

Colombia holds IMF financing talks as fiscal strain mounts, sources say

Colombia has held talks with the International Monetary Fund in recent weeks, including discussions on possible

Second prosecutor resigns from Justice Department 'grand conspiracy' probe targeting Trump foes

A lawyer who backed President Donald Trump’s false 2020 election claims has resigned from a Justice Department investigation into whether former government officials conspired against the Republican president, according to a person familiar with the matter

UK shop price inflation slows despite costs pressures, BRC says

British shop price inflation slowed slightly in September despite rising costs pressures on retailers caused by the Iran ‌war, according to a survey on Tuesday from the

From SpaceX to Saudi Aramco: World's biggest IPOs as Anthropic's blockbuster listing looms

Anthropic's hotly anticipated US IPO is expected to be one of the largest debuts ever ​attempted and a major test of public-market appetite for the rapidly growing artificial

Jefferies' record equities haul offsets asset management slump

Jefferies Financial beat third-quarter profit estimates on Monday, as higher fees from advising on deals and underwriting stock sales were complemented by a record haul in equities

SEC, South Carolina suspend Gamecocks' edge rush Dylan Stewart 1 game for punch

The Southeastern Conference and South Carolina have jointly suspended Gamecocks edge rusher Dylan Stewart for throwing a punch at an Alabama player over the weekend

Trading Day: Blue Monday

The global bond slump accelerated on Monday, pushing yields to new, multi-decade highs, as oil prices rallied after US President Donald Trump

How to support someone who’s suicidal

How to support someone who’s suicidal

White House weighs red-dyed diesel tax relief to lower fuel prices

The White House is considering regulatory relief that would allow broader sales of red-dyed diesel as part of an effort to bring down soaring

Trump unveils $15 billion planned Iowa steel project

US President Donald Trump on Monday said that a Minnesota company plans to build a multi-billion-dollar steel mill in Iowa, handing the

Chile's Kast unveils $1.3 billion plan to create 100,000 jobs

SANTIAGO, Sept.

Stocks fall; oil prices off highs amid renewed hopes for Middle East negotiations

Major stock indexes fell on Monday, as oil edged higher and Treasury yields extended their recent rise ahead of more

Dollar flat as US-Iran stand-off lifts oil, yields

The dollar was flat against major currencies on Monday, as the continued stand-off between the US and Iran pushed oil prices

Tether USDT aids Iran funding, Senate report says

Tether's USDT stablecoin has become a "significant financial lifeline" for Iran and a tool for funding proxy organizations, including Hezbollah, according to a

Fed's Cook sees further inflationary pressures ahead 

Federal Reserve Governor Lisa Cook said on Monday she expects continued inflationary pressure in coming months stemming from AI-related demand and higher oil

Oil prices up, but off highs as Qatari mediators plan US-Iran talks

Oil prices rose on Monday, but eased off session highs on expectations that Qatari mediators would hold talks with the US and Iran to try to find a

US to grant sanctions waiver for flights between Iran and Iraq's Najaf, source says

US President Donald Trump's administration was set to grant a limited waiver to its Iran sanctions program on Monday to allow for flights

Gold's lustre dims as Treasury yields surge, markets bet on higher Fed rates

Gold prices could face further pressure in the coming days as rising US Treasury yields and expectations of additional Federal Reserve rate hikes sap demand for the non-

Duffy, airlines urge Congress to quickly approve $30 billion for aviation reforms

US Transportation Secretary Sean Duffy, major airlines and other groups on Monday urged Congress to quickly approve another $30 billion for air traffic control

Russia raises 2027 military spending by 27%, budget documents show

By Darya Korsunskaya MOSCOW, Sept 28 - Russia plans to spend 17.1 trillion roubles ($202.58 billion) on defence in 2027, around 27% more than the 13.5 trillion roubles originally budgeted and the

Bond yields crank higher and pull US stocks further from their record

Yields in the U.S. bond market again touched their highest levels in roughly two decades and knocked U.S. stocks further from their record high

Camp Mystic seeks to sell the property in bankruptcy as legal problems grow

The owners of Camp Mystic have proposed selling off the riverfront property in bankruptcy

US says GM tech costs to drop by $20 billion through 2031 due to new emissions rules

General Motors will see its technology costs decline by $20.4 billion through 2031 as a result of

Meta taps MongoDB CEO Desai to drive enterprise AI push

Meta Platforms has poached MongoDB CEO Chirantan "CJ" Desai to spearhead a new business designed to bring the social media giant's AI tools to corporate

With Burry as adviser, a new short-focused fund takes aim at private credit risks

Wall Street is busy scouring AI stocks for signs of a bubble, but a new hedge fund tied to famed short seller Michael Burry is coming to the

ECB eyes new currency safety nets to boost euro's global role

The European Central Bank plans to expand currency safety nets to make it easier for foreign central banks to borrow euros, ECB President Christine Lagarde said on

Stocks fall as higher oil prices, Treasury yields weigh

US stocks fell on Monday as oil prices and Treasury yields increased, with investors weighing uncertainty over the prospects for

Germany's Evonik rejects BASF's $11.7 billion bid, sources say

German chemicals manufacturer Evonik has rejected a €10.3 billion ($11.7 billion) takeover bid by BASF as too low, sources close to the

Nvidia's board increases chipmaker's share buyback plan by $150 billion

Nvidia’s board has cleared the way for the company to spend $150 billion more in share buybacks as the chipmaking giant looks to make use of more of its stellar revenue growth fueled by demand for its high-end artificial intelligence chips

Trump administration lowers fuel economy standards, critics say at a significant environmental cost

The Trump administration released new fuel economy standards on Monday, relaxing regulatory requirements for automakers to control pollution from gasoline-powered cars and light trucks

Cerebras to supply AI systems to cloud computing startup Gimlet Labs

By Max A.

Wall St opens lower as oil spikes after Trump rejects Iran peace proposal

Wall Street opened lower on Monday after President Donald Trump rejected an Iranian proposal to end the conflict, leading to a spike in crude prices, which revived inflation

ECB's Lagarde sticking to measured steps to quell inflation

This year's inflation surge has yet to generate dangerous second-round effects across the euro zone, so a moderate policy response from the European Central Bank remains

China's Gotion invests $1.25 billion in Volkswagen battery plant in Spain

China's Gotion will invest €1.1 billion ($1.25 billion) in Volkswagen's battery plant in Valencia under a broader plan to jointly develop a European battery

Thousands huddle in Bangkok shelters as Thai flood damages seen at over $320 million

Residents of the Thai capital waded through waist-deep waters in some areas on Monday, while thousands sheltered in

Healey vows to get 'Britain working again', offers few budget clues

Finance minister John Healey pledged on Monday to "get Britain working again", vowing to create more jobs while bringing down

Generous paternal leave policies improve maternal and newborn health, family finances and workplace equality

Leave for the non-birthing parent after a new baby arrives gives the family an opportunity to bond.

UK finance minister says 'fiscal discipline' will form core of budget

Britain's finance minister John Healey said he will put fiscal discipline at the core of his first budget on October 28, as he highlighted how the cost of

China, US agree to tariff cuts on $60 billion of goods including agriculture, household items

China and the United States have agreed to cut tariffs imposed on $60 billion worth of goods imported from each other, on an array of products ranging from US

Why fuel prices may go higher still

Seven months into the US conflict with Iran, with no clear end in sight, the global oil market has now largely exhausted the safety measures that exist to keep a lid on petroleum prices.

China's cabinet pledges stronger policy support to meet growth target

China's cabinet pledged on Monday to step up counter-cyclical policy support to address rising economic strains, signalling greater urgency to shore up growth and keep the

Trump Jr.-backed Unusual Machines, US asset manager invest $10 million in Canada's Draganfly

Donald Trump Jr.-backed Unusual Machines and an unnamed US asset management company have invested $10 million in Canadian drone services firm Draganfly, as

US holiday online sales to grow 6.7% as discounts attract shoppers, Adobe Analytics forecasts

US online sales will likely grow 6.7% this holiday season, nearly the same pace as last year, as promotions attract deal-seeking shoppers, Adobe Analytics forecast on Monday.

AmEx widens global reach as card acceptance tops 190 million merchant locations

American Express said on Monday its credit cards can now be used at over 190 million merchant locations worldwide, with acceptance outside the US having more than

Oil prices rise 2% after Trump rejects Iran peace deal

Oil prices climbed about 2% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz.

The political chess behind the ECB's next leadership shake-up

The euro zone will choose a new European Central Bank president next year and replace up to two-thirds of the bank's six-member executive board in an intricate game of

US and China release $60 billion nonsensitive product lists for tariff cuts after Trump-Xi meeting

The United States and China have released lists of products worth about $30 billion each that will see tariff cuts

In GOP Speaker Mike Johnson's district, the political mood is mixed for the party in power

Legislation the GOP called its “Big Beautiful Bill” is rolling out different ways in Speaker Mike Johnson’s home district

US and China agree to cut tariffs on $60 billion worth of goods, from coal to toys

US and China agree to cut tariffs on $60 billion worth of goods, from coal to toys

AI agents promise to do everything for you. There may be a big wrinkle in that plan

AI agents promise to do everything for you. There may be a big wrinkle in that plan

Japan's currency diplomat Mimura urges markets to heed 'very clear' warning on yen

Japan's top currency diplomat Atsushi Mimura said on Monday markets should take at face value the "very clear" message

Lebanon hopes for new staff-level agreement with IMF

Lebanon hopes for a new staff-level agreement with the

Bank of England's Ramsden happy with market reaction to multi-year bond sale plans

Bank of England Deputy Governor Dave Ramsden said on Monday that markets appeared to have reacted well to the BoE's decision to set out a long-term path

‘Is it really worth it to keep going on?’ Economic pain hits America’s farm belt

‘Is it really worth it to keep going on?’ Economic pain hits America’s farm belt

Why the AI boom makes inflation harder to tame

Why the AI boom makes inflation harder to tame

Global AI trade could revive after recent pullback, J.P. Morgan says

The recent pullback in the global AI trade has improved investor positioning, made valuations attractive and could spur a re-engagement, particularly in semiconductor stocks, J.P.

Northern Star rejects Gold Fields' $27 billion bid to create world's No.2 gold miner

Australia's top gold producer Northern Star Resources said it rejected an unsolicited A$38.7 billion ($27.1

High airfares could stick around even if jet fuel prices fall

Travelers could be stuck paying high airfares even if oil and jet fuel prices fall

Major Australian private lender suspends three ASX funds, cuts asset values after audit

One of Australia's biggest private credit lenders suspended trading of three of its ASX-listed funds on Monday and said it would mark down their asset values after auditors

China to cut tariffs on US farm goods, but list excludes soybeans

China is set to cut tariffs on a broad range of US agricultural goods, from corn and wheat to meat and dairy, but

A new neutral rate, much like a decades-old one

A look at the day ahead in European and global markets from Wayne Cole. It's been a bit of a random walk in Asia so far, with oil and yields up, stocks mixed, gold down and the dollar flat.

Hong Kong home prices largely flat in August

Private home prices in Hong Kong were largely flat in August, stabilising after the first fall in 16 months in July, data from the Rating and Valuation Department showed

Nissan to launch hybrid Rogue in US in November, Americas chairman says

Nissan will launch the Rogue e-Power hybrid in the US in November as it aims for hybrid vehicles to "very quickly" account for 30% to 40% of total C-segment mid-

Australia posts budget deficit of $15.7 billion for 2025/26 financial year

Australia reported a final budget deficit of A$22.3 billion ($15.65 billion) for the year to June 2026, better than previously expected, as lower spending and stronger tax

Mideast oil exports rebound in September as Saudi Arabia boosts shipments

Crude oil exports from key Middle East producers rebounded in September to 16.328 million barrels per day (bpd), the highest since the US-Israeli war on

Bank of Japan debated need for faster rate hikes, July minutes show

Many Bank of Japan policymakers saw the need to focus on mounting inflation risks, with some calling for faster interest rate increases, minutes of their

China's industrial profit growth slows further as economic imbalances deepen

China's industrial profit growth slowed further in August as strength in technology manufacturing amid the AI boom was outweighed by persistently weak domestic demand.

PepsiCo will invest $1 billion in Colombia over next five years, president says

PepsiCo will invest $1 billion in Colombia over the next five years, the South American nation's President Abelardo De La Espriella said on Sunday.

Japan's corporate services inflation hits 2-year high

A key gauge of Japan's service-sector inflation rose in August at the fastest annual pace in more than two years, data showed on Monday, highlighting mounting price

Iran-linked diesel price spike makes electric trucks cheaper than diesel in key EU markets, environmental group says

A surge in diesel prices linked to this year's Iran conflict has helped make electric trucks cheaper to own and operate than diesel models in six major European Union

Foreign banks have expressed UBS merger interest, Swiss newspaper reports

Several major foreign banks have expressed their interest in a possible merger or combination with Switzerland's UBS, a Swiss newspaper said on Sunday. 

Attention, protein-maxxers: Trump’s trade war is coming for your whey

Attention, protein-maxxers: Trump’s trade war is coming for your whey

Iran says it is awaiting ‘definitive’ US response despite Trump rejecting latest proposal

Iran says it is awaiting ‘definitive’ US response despite Trump rejecting latest proposal

Bangkok floodwaters recede after torrential rain as residents count losses

Floodwaters receded in many parts of the Thai capital Bangkok on Sunday after torrential rain eased, even as residents in

Deputy chair of Turkey's AK Party resigns after trading allegation amid funds crisis

A deputy chair of President Tayyip Erdogan's ruling AK Party stepped down after an opposition politician accused her of making a large profit on shares just before a funds

US consulate builder in Milan to pay $35 million over labour probe

(This Sept 27 story has been repeated with no changes to text.)

Iran insists on diplomatic solution after Trump rejects peace plan

Iran insisted on Sunday that only diplomacy can solve its conflict with the United States and

New Jersey Republican Tom Kean Jr. and Democrat Rebecca Bennett clash over war in Iran, tariffs

Tom Kean Jr., the New Jersey Republican congressman whose four-month absence from the House this year went unexplained until he disclosed that he was being treated for depression, clashed with Democratic opponent Rebecca Bennett in a debate Sunday in the battleground district

Swiss voters set to reject initiative to tighten neutrality rules

Swiss voters on Sunday looked set to reject a proposal to adopt a more restrictive version of neutrality which would have blocked Swiss economic sanctions or cooperation

UK's Burnham pledges to fight next election on social care reform

Prime Minister Andy Burnham pledged on Sunday to present his proposal to tackle Britain's social care crisis at the next national

Andy Burnham brings good vibes to Labour’s annual conference but tough choices are coming

The Labour Party has opened its annual conference, the first with Prime Minister Andy Burnham in charge

Nor'easter brings flooding, power outages across US Northeast, over 400 flights canceled

A strong nor'easter hitting the US East Coast from Washington, D.C., to Maine this weekend forced airlines to cancel over 400

US to finalize sharply lower vehicle fuel economy standards

The US Transportation Department on Monday will finalize sharply lower vehicle fuel economy standards through 2031, reversing a push by the Biden

At UN, Russia and Germany's top diplomats hold first talks since 2022

The foreign ministers of Russia and Germany met in New York on the sidelines of the UN General Assembly on Saturday in the

Trump admin cancels funding for refugees, immigrants and others in move lawmakers argue is illegal

Trump admin cancels funding for refugees, immigrants and others in move lawmakers argue is illegal

China and US agree to establish AI safety channel and continue trade and military talks

China and the U.S. have agreed to set up a channel for handling AI-related incidents and accelerate work on military crisis communications

House Democrats plan vast oversight of Trump administration. Impeachment is an option

House Democrats are preparing a vast oversight agenda if the party sweeps control in the November elections

China, as usual, uses UN speech to promote global development as solution to world's challenges

China’s vice president has unfurled the nation’s familiar list of global talking points at the U.N. He emphasized development, issued mild statements about the U.S. war with Iran, artificial intelligence and protectionism and made no direct mention of self-ruled Taiwan

China, US agree to AI dialogue, tariff cuts on $30 billion in goods during Xi visit

The United States and China have agreed to reduce tariffs on $30 billion of goods and launch a dialogue on AI, both countries said following President Xi Jinping's visit

Swiss National Bank's Schlegel watching hot weather impact on food price inflation

This year's record temperatures have had an impact on food prices but have not been a factor behind rising Swiss inflation, Swiss National Bank Chairman Martin Schlegel

Venezuela president returns from US visit with no deals, no firm election date

Venezuela's interim President Delcy Rodriguez arrived in New York this week for the UN General Assembly seeking business deals on debt, energy and

As work requirements kick in for Medicaid, some states are taking a tougher stance

At least six states will require documentation that individuals are too sick to meet Medicaid work requirements kicking in next year

Wall Street week ahead: consumer confidence, inflation, employment updates

Wall Street has a busy week ahead with important updates on inflation, the jobs market and consumer confidence

A month after Nepal floods, thousands are still missing and families face a long recovery

Thousands in Nepal have lost their homes and livelihoods after last month's devastating floods

OpenAI says its models engaged with US government websites in new model misbehavior disclosure

OpenAI has disclosed its artificial intelligence models have interacted with U.S. government websites in unexpected ways

Trump seeks to withhold $800 million in Congress-approved funds

US President Donald Trump sought on Friday to unilaterally withhold more than $800 million in spending on immigration, race and education that Congress has approved. 

South Africa open to more talks with US after visa dispute, minister says

South Africa remains open to talks with the US on areas of dispute, including rules for foreign investors on Black employment and ownership, although

TV networks resume covering White House as press access fight continues

US television networks resumed coverage of President Donald Trump’s White House events on Friday, providing the first live pool access for Chinese

Meatpacking groups say ICE arrests could lead to higher prices and revenue loss

Meatpacking industry groups are raising concerns about recent immigration operations in Texas, Kansas and Oklahoma

Report finds many security deficiencies at Utah university where Charlie Kirk was killed

A new report on Charlie Kirk’s assassination last year says his Turning Point USA organization insisted he speak outdoors despite security concerns from officials at the university where he was killed

Paramount Skydance to move stock listing to NYSE from Nasdaq

Paramount Skydance said on Friday it would move the listing of its Class B common stock from Nasdaq to the New York Stock Exchange.

Fed's Hammack worried inflation expectations could deteriorate

By Michael S.

US appeals court rules against Kalshi, says states can regulate prediction markets

A US appeals court on Friday ruled against the prediction markets operator Kalshi, saying Ohio and Tennessee can regulate its so-called event contracts under

Stablecoin firm Circle finance chief Fox-Geen to step down

Stablecoin giant Circle Internet Group said on Friday its chief financial officer, Jeremy Fox-Geen, plans to step down after more than five years in the role.

Brazil's Lula bans online betting, unveils debt relief plan as reelection race tightens

Brazil's President Luiz Inacio Lula da Silva on Friday announced a ban on online betting operations in Latin America's largest economy

Trump rejects Iranian peace proposal, WSJ reports

US President Donald Trump has rejected Iran's proposal to reopen the Strait of Hormuz and halt regional fighting

Trump said he would campaign in midterm battlegrounds. He's starting in deep red states instead

President Donald Trump has vowed to campaign in 35 of the most competitive battleground races in the final sprint to November’s midterm elections

Meta misled users about Facebook data practices, New Mexico jury finds

A jury in Santa Fe, New Mexico, found on Friday that Meta Platforms misled the state's residents in a case arising from allegations that a political consulting

Iran proposes a deal to reopen the Strait of Hormuz in 7 days if the US meets its conditions

Iran has offered to reopen the Strait of Hormuz and resume talks on its nuclear program in seven days if the United States lifts its naval blockade, waives sanctions on Iranian oil sales and observes a ceasefire that would include Lebanon

A reprieve from rising oil prices helps US stocks finish the week higher

A cooldown in oil prices helped release some of the pressure that’s built up on Wall Street, and U.S. stocks closed out their first winning week in the last three

Union at BHP's Escondida mine in Chile refuses to pause contract talks after fatal accident

One of the unions at Chile's Escondida mine, the world's largest copper operation, on Friday rejected BHP's attempt to delay contract talks after a worker was

Corporate debt maturities set to test US borrowers as rates rise

A growing wall of US corporate debt is set to mature from 2027, putting pressure on companies to refinance borrowings raised at ultra-low interest rates

Wall Street ends higher as investors buy AI stocks; Microsoft rallies

Wall Street ended higher on Friday, lifted by Microsoft and other AI-related technology stocks, while high oil prices and a recent surge in

Supreme Court lets Trump administration use revamped federal voter eligibility database for now

The Supreme Court is allowing states to resume using a controversial federal tool to check voter eligibility before the November elections

Xi says he'll see Trump again soon as he wraps up US visit with a look at the Constitution

President Donald Trump has confirmed he'll have two more meetings with China’s Xi Jinping later this year

A good week for Iran at the UN – but latest offer to the US appears a non-starter

A good week for Iran at the UN – but latest offer to the US appears a non-starter

Airbnb launches new grant program to help Utah farmers

Airbnb launches new grant program to help Utah farmers

Battered bonds draw support from falling oil prices

US Treasury yields stabilised on Friday with benchmark 10-year note yields edging lower on the day as oil prices dropped, after they earlier set fresh

Truckers, commuters protest in Portugal against soaring fuel prices

Hundreds of truckers took part in a "go-slow" convoy along a motorway in north-central Portugal on Friday, while commuters blared their horns on Lisbon's main bridge to

Western miners can match China’s speed if African governments cut red tape, KoBold president says

The top executive of KoBold Metals said Western miners can match China's pace in developing critical

Hurt by Trump, Senate Republicans plan to bolster affordability credentials before midterms

US Senate Republicans aim to improve their election prospects by voting on

Senate approves mental health legislation for US pilots, air traffic controllers

The US Senate approved bipartisan legislation to modernize regulations on mental health guidance for pilots and air traffic controllers to encourage

France can't count on ECB to fix debt woes, central bank chief says

France must do everything possible to avoid a sovereign debt crisis as its presidential election next year approaches, Bank of France Governor Emmanuel Moulin said on Friday

13 Afghan Taliban personnel killed in overnight border clash, Pakistan says. Kabul denies the claim

Pakistan says its forces have killed at least 13 Afghan Taliban personnel in overnight fighting along the countries’ southwestern border, a claim Afghanistan denies

Oklahoma Cattlemen's Association warns ICE raids are hurting beef industry

Oklahoma Cattlemen's Association warns ICE raids are hurting beef industry

Driver accused of hitting, killing MaineDOT workers on I95 arrested, charged

Driver accused of hitting, killing MaineDOT workers on I95 arrested, charged

A data-sharing clause derailed US-Zimbabwe health talks. Now all funding ends this month

The United States will end funding for Zimbabwe’s health programs at the end of September

Americans still feel worse about the economy than at almost any point in modern history

Americans still feel worse about the economy than at almost any point in modern history

Wall St opens steady as AI enthusiasm eases worries over higher oil prices, yields

Wall Street's main stock indexes were steady at open on Friday as AI optimism offset worries regarding high oil prices and rising Treasury yields, while investors monitored chances

Details on US, China trade talks to come on Monday, says Greer

The United States is expected to release details on the outcome of trade negotiations with China on Monday, US Trade Representative Jamieson Greer said on Friday.

Brightline reworks debt in bankruptcy court but its high-speed trains will keep running in Florida

The Brightline companies that bet more than $5 billion on developing the nation’s only privately held passenger railroad are reworking their debt in bankruptcy court, but the bright yellow trains will continue running between Miami and Orlando

US core capital goods orders point to robust growth in business spending on equipment

New orders for key US-manufactured capital goods increased more than expected in August and data for the prior month was revised sharply higher,

Russia can restart 80% of Black Sea grain export terminals if attacks stop

Russia could quickly restart up to 80% of its grain terminal capacity in the Black Sea and Sea of Azov if diplomatic efforts to halt mutual attacks by

US consumer sentiment eases to four-month low in September

US consumer sentiment slipped to a four-month low in September amid worries that rising inflation would erode households' purchasing power, a survey showed on Friday.

Fed's Schmid: Need to understand if AI "ecosystem" getting too big to fail

Kansas City Fed President Jeff Schmid said that as the artificial intelligence boom unfolds it will be important for the Fed to understand if the

Japan says Trump voiced concern over weak yen in summit with PM Takaichi

US President Donald Trump raised concerns about yen weakness at a summit with Japanese Prime Minister Sanae Takaichi, Japan's Finance Minister Satsuki

Trump sees no urgency for Canada deal as trade dispute deepens, USTR says

President Donald Trump's administration is comfortable maintaining its trade standoff with Canada even as new US import bans on Canadian products

US harvest delays send soy processors scrambling for supplies

By P.J.

Data center IPO hopefuls brave tougher market as investor scrutiny grows

Data center operator DayOne is pushing ahead with its plans to go public as soon as November, according to three people familiar with the matter,

Dollar dips as oil eases, yen jumps on Japan remarks

The dollar declined on Friday as oil prices eased, but was set for a second straight weekly advance on growing rate hike bets, while the yen rallied

Chinese, US firms line up for Peru copper projects as government cuts red tape

Peru expects to boost annual copper production by about 1 million metric tons within 5 to 6 years through new mining projects, as Chinese and US companies

EU, IMF understand need to help Ukraine finance budget gap, Zelenskiy says

Ukrainian President Volodymyr Zelenskiy said on Friday that the European Union and the International Monetary Fund understood the importance of helping Kyiv finance its

US Fed plans to raise bank oversight thresholds, sources say

The US Federal Reserve is working on a plan to raise the asset thresholds that trigger stricter oversight of big

California bill promoting organized sports in state prisons awaits Newsom's decision

California bill promoting organized sports in state prisons awaits Newsom's decision

Residents of largest city in northern Ethiopia express fear after eruption of fighting

Residents of northern Ethiopia's largest city are living in fear as renewed fighting has erupted between federal troops and rebels

Jobs report, inflation data to test US rate path, economic strength

Investors will sift through reports on employment and inflation in the coming week to assess chances of a sharper trajectory of interest rate hikes,

Author of America’s tariff statute: Trump’s tariffs are illegal

Author of America’s tariff statute: Trump’s tariffs are illegal

In China, the Xi-Trump summit is seen as projecting image of the country’s rise

U.S. President Donald Trump’s elaborate reception of Chinese President Xi Jinping in Washington, D.C., has impressed the Chinese public

Pact with Saudi and Pakistan could expand to Muslim world, Iran, Turkish speaker says

A defence pact between Turkey, Saudi Arabia, and Pakistan could turn into a broader pact "for the Muslim world" that includes Iran, Turkey's parliament speaker said on

Swedish, Finnish fighter jets intercept group of Russian military aircraft

Finland and Sweden said on Friday they had scrambled fighter jets to intercept and identify Russian military aircraft in international airspace over the Gulf of Finland,

Talk of US export ban on diesel deepens US crude futures' discount to global benchmark

Washington's talk of a possible ban on diesel exports is widening the gap between US crude oil futures and the global Brent benchmark, a signal that markets expect US

Rush of money, campaign stops show Republicans feel vulnerable in Iowa, Kansas

With midterm elections just over a month away, Republican heavyweights have been jetting across the country to campaign and outside groups have

US equity funds post first inflow in five weeks on renewed AI optimism

US equity funds recorded their first inflows in five weeks in the week ended September 25, buoyed by strong demand for AI applications and data and oil prices' retreat from recent

Exclusive: Board of Peace quietly met with UNRWA, ex-agency chief says

The U.S.-created Board of Peace has said the U.N. agency for Palestinian refugees has no place in Gaza

Bonds steal the show

Geopolitics initially took center stage this week, as the United Nations General Assembly kicked off and Chinese President Xi Jinping headed to Washington, but

US proposes trilateral meeting with Ukraine, Russia in UAE, Zelenskiy says

The United States has proposed that the United Arab Emirates host a trilateral meeting with Ukraine and Russia to discuss efforts to end their four-and-a-half-year war,

BoE's Bailey says high energy prices make it harder to leave rates on hold

Bank of England Governor Andrew Bailey said on Friday that persistently high energy prices would make it harder for the central bank to leave interest rates on hold, underlining a

Global equity funds snap two-week outflow as AI optimism returns

Global equity funds attracted the most inflows since early July in the week to September 25, snapping a two-week selling streak as enthusiasm around artificial intelligence and a

Trump wants to take a page out of the Biden energy playbook

Trump wants to take a page out of the Biden energy playbook

Senate Republicans plan a last-ditch effort to lower costs ahead of midterms

Senate Republicans plan a last-ditch effort to lower costs ahead of midterms

Morgan Stanley changes BoE rate call, sees hikes in Nov and Feb

Morgan Stanley changed its Bank of England interest rate call on Friday, predicting Britain's central bank will now deliver two 25 basis point hikes in November and

Euro zone business lending slows slightly

Lending growth to euro zone businesses slowed slightly from relatively high levels in August and held steady in the case of household loans, data from the European

European shares log weekly gains as oil prices ease, Mideast tensions linger

European shares snapped a three-week losing streak on Friday as oil prices retreated for most of the week, although investors remained

It's Q4 already? 

The third quarter draws to a close, and investors have plenty to dig their teeth into.

Philippines accuses China of obstructing resupply mission in South China Sea

The Philippine Coast Guard (PCG) accused China on Friday of obstructing a resupply mission to troops on board a grounded World War Two-era warship in the South China Sea,

Japan's bond 'falling knife' stalls repatriation rush

The

Japan's SMBC in talks to increase stake in Vietnam's VPBank, sources say

Japan's Sumitomo Mitsui Banking Corp (SMBC) is in advanced talks to increase its stake in Vietnamese private lender VPBank, four

When Treasuries catch Korea's volatility bug, take cover

A look at the day ahead in European and global markets from Stella Qiu Treasuries are meant to be markets' quiet backwater.

Five French market hot spots on investors' radars amid debt jitters

French markets are under growing pressure from worries about high debt levels and political gridlock as next year's

Australia steps up response to AI after OpenAI bot breaches health system database

Even before a rogue OpenAI bot breached the database of Australia's health system, the government was escalating its rhetoric about the

German consumer confidence slumps as energy costs bite

German consumer sentiment weakened more sharply than expected heading into October, as rising energy prices soured households' income outlook, a survey showed on Friday.

Malaysian ex-PM Najib asks court for stay of 15-year jail sentence

Jailed former Malaysian prime minister Najib Razak has asked a court to suspend a 15-year prison sentence imposed on him for his involvement in a multibillion-dollar

Yemen tells UN that Houthi rebels' moves on key strait threaten global economy

Yemen’s internationally recognized government is pressing world leaders anew for help defeating the Iran-backed Houthi rebels

The Latest: Trump-Xi state dinner includes tech titans, sea bass and glitzy diplomacy

President Donald Trump is hailing the friendship he’s forged with Xi Jinping during the Chinese leader's highly anticipated state visit

AI firms should not get regulatory waivers, Nvidia CEO says on podcast

Nvidia CEO Jensen Huang believes AI firms should not receive exemptions from antitrust or liability laws, according to a podcast released on

Nepal seeks grants, not loans, for flood recovery after deadly glacier disaster

Nepal Prime Minister Balendra Shah called for grant-based international support at the United Nations General Assembly on Thursday to help the Himalayan nation recover from the

Trump's state dinner for Xi features sea bass and a long list of tech titans

Donald Trump has hosted a state dinner for China's leader Xi Jinping, highlighting the glitzier side of diplomacy with a tech-heavy guest list and lavish details

Protesters of Xi's policies push for change in earshot of White House visit with Trump

President Donald Trump warmly welcomed Chinese leader Xi Jinping, but protesters gathered outside the White House

UK consumer confidence hits more than two-year high in September, GfK says

British consumer confidence unexpectedly struck a more than two-year high this month as households grew more optimistic about their personal finances, according to a survey on

Oracle, Blue Owl project delay sends ripples through AI financing, sources say

Oracle's move to protect itself against potential delays at a massive data center project developed by Blue Owl in New Mexico sent a chill through the trillion-dollar

Trump welcomes China's Xi with fanfare, but no breakthroughs emerge

US President Donald Trump welcomed Chinese President Xi Jinping to the White House on Thursday for a lavish summit that was

US weighs new limits on Cuban travel at the UN as Havana decries Trump's economic squeeze

The Trump administration is considering imposing new restrictions on Cuban officials traveling to the United Nations, another step to squeeze the government in Havana

Trump lays out the pomp for Xi but says little about the significant tensions in US-China relations

Presidents Donald Trump and Xi Jinping met on Thursday for important talks on the U.S.-China relationship

Inside Reuters' calculation of Australia's housing market ripple effects

For most Australian homeowners, the cost of the country's sharpest housing downturn in years has been the modest fall in property values since interest rates began rising

Billions in collateral damage: The hidden cost of Australia's housing slowdown

This time last year, Sydney property stylist Joanne Cauchi was turning away work, buying new furniture and overseeing home installations almost

Trading Day: Rout of control

The global bond rout continued on Thursday, pushing many key yields around the world to new multi-decade highs.

US airlines oppose China's bid to add more flights

The head of industry group Airlines for America said on Thursday that US carriers oppose adding more direct flights from China to the United States

Energy Department will spend $2 billion to squeeze more electricity from the aging power grid

The Energy Department says it will spend almost $2 billion to try to squeeze more electricity out of the nation’s aging and stressed power grid

Argentina’s poverty rate rises above 30% under President Milei, reversing recent decline

Argentina’s poverty rate rose sharply in the first half of 2026, marking the first significant setback after more than a year of declines under President Javier Milei

Oracle triggers 'force majeure' on data center project over power delays, source says

Oracle issued a "force majeure" notice to a Blue Owl unit, the developer of a large New Mexico data center, citing potential delays in securing

RedBird Capital to acquire majority stake in Puck at $250 million valuation, memo says

RedBird Capital Partners has agreed to acquire a majority stake in Puck in a deal valuing the five-year-old newsletter startup at about $250 million, according to a memo seen by

Argentina economic activity dips 1.4% in July

Argentina's economic activity fell 1.4% in July compared with the same month a year earlier, data from the country's official national statistics agency showed on

Bank of Mexico holds interest rate, drops signal of prolonged pause

The Bank of Mexico on Thursday held its benchmark interest rate steady at 6.50% as expected, though it dropped guidance that explicitly suggested policymakers would

Costco tops estimates as discount gas, bulk deals draw inflation-weary shoppers

By Angela Christy M and Nicholas P.

Trump and Xi agreed to support each other in hosting APEC, G20 summits, Xinhua reports

US President Donald Trump and Chinese President Xi Jinping agreed during a meeting in Washington to support each other in hosting the APEC Economic Leaders’ Meeting and

Akamai signs $11.6 billion cloud deal with Anthropic, grants warrant for up to 5% stake

Akamai Technologies signed an $11.6 billion cloud services deal with Anthropic on Thursday, and issued a warrant that could give the AI lab up to 5% stake

Five takeaways from Trump's summit with Xi in Washington

US President Donald Trump welcomed Chinese President Xi Jinping to the White House on Thursday, with talks on

More than 160,000 pounds of meat bearing false USDA inspection labels recalled

More than 83 tons of meat are being recalled across the country because the products were not properly inspected by federal authorities and were shipped out with false inspection stickers

Global bond sell-off deepens, sending borrowing costs higher around the world

Global bond sell-off deepens, sending borrowing costs higher around the world

A shaky day for oil prices and the bond market leaves US stocks not far from where they started

Stocks ended a shaky day of trading on Wall Street roughly where they began following a couple sudden reversals

Rights group says some people it classified as journalists killed in Gaza were militants

The Committee to Protect Journalists says that 19 Palestinians killed by Israeli fire who it had previously identified as journalists or media workers were actually militants or participants in combat

Oil prices settle up about 3% as Houthi attack on Saudi Arabia lifts supply fears

Oil prices climbed about 3% on Thursday to a one-week high after a Houthi missile attack on Saudi Arabia revived fears of supply disruptions, but trade

GM, Ford to see US market-share slide, forecaster predicts

General Motors and Ford Motor have lost more market share in the United States than any other automakers so far this year as buyers prioritize fuel efficiency amid

US energy secretary seeks refiners' help amid narrow options to curb diesel price

US Energy Secretary Chris Wright has contacted executives at several major American refiners in recent days to gauge support

France to send military to protect Saudi Arabia on Red Sea oil route, Macron says

France will send troops and defence systems to Saudi Arabia to help protect the Red Sea port city of Yanbu, which is key for energy transport, French President Emmanuel

S&P 500 ends marginally lower as investors focus on US-Iran war

The S&P 500 ended marginally down on Thursday, with Microsoft dipping and Meta Platforms rising, as uncertainty about the Middle East lifted

US Federal Reserve proposes new stablecoin rules

The US Federal Reserve on Thursday proposed new rules for issuers of dollar-backed cryptocurrency tokens known as stablecoins, as required by last year's GENIUS Act,

Senate rejects resolution to halt the Iran war as gas prices upend midterms

Despite increasing political anxiety over Iran war, senators narrowly rejected a war powers resolution

40 days to midterms, election officials say new US cyber plan comes too late

The nation’s cybersecurity agency has released an election infrastructure security plan 40 days before November’s midterms

FDA nominee says vaccines are safe despite Trump efforts to overhaul childhood shots

President Donald Trump’s nominee to lead the Food and Drug Administration is voicing support for the safety of vaccines

Is your adjustable-rate mortgage resetting?

Is your adjustable-rate mortgage resetting?

US current account deficit widens sharply in second quarter

The US current account deficit widened sharply in the second quarter amid a surge in imports of goods, government data showed on Thursday.

Fed's Hammack warns inflation pressures remain tilted to upside

By Michael S.

Wall St opens lower as oil gains on Mideast uncertainty, eyes on Trump-Xi talks

Wall Street's main stock indexes opened lower on Thursday as simmering Middle East tensions lifted oil prices and Treasury yields, while investors also exercised caution ahead of a

Canada July retail sales fall 0.7%; seen up 1.3% in August

Canadian monthly retail sales fell by 0.7% in July, marginally better than an average of analysts' expectations, primarily led by declines at general

Fed officials see rates likely rising to curb high inflation

The U.S. central bank will likely need to raise interest rates again to curb unacceptably high inflation, two Federal Reserve policymakers said on Thursday.

BoE's Breeden: 'Increasingly appropriate' for rates to respond to rising inflation

Bank of England Deputy Governor Sarah Breeden said on Thursday that it would be "increasingly appropriate" to respond to growing inflation risks by raising interest rates.

IMF review calls for 'fewer but deeper' reforms in design of loan programs

The International Monetary Fund on Thursday called for targeted refinements to the design and implementation of its loan programs, including a focus on

Brazil central bank says 2027 slowdown key to inflation convergence

Brazil's central bank sees a slowdown in economic activity next year as essential for inflation to converge to its 3% target, a senior official said on Thursday.

Belarus president Lukashenko frees 15 more prisoners in wake of US talks

Belarusian President Alexander Lukashenko pardoned 15 prisoners in a decree on Thursday that follows talks last week with an envoy for US President Donald Trump.

Dollar ascends to fresh 2-month high on inflation worry, Fed hike expectations

The dollar hit a fresh two-month high on Thursday as Treasury yields rose and expectations of further Federal Reserve interest rate hikes

PepsiCo to raise some chip prices as input costs bite

PepsiCo is set to raise prices for some chips to keep pace with inflation, a spokesperson for the company said, as the Lay's maker works to revive sales in the United States.

Bank of England rate setters warn of 'sparks in the tinderbox'

Two senior Bank of England interest rate-setters suggested on Thursday that they were getting closer to voting for an increase in borrowing

US and Iran discuss phased deal to reopen Hormuz and end US blockade, sources say

US and Iranian negotiators in New York are exploring a phased path out of war that would involve Tehran reopening the Strait of

Europe needs 'decisive change' in defence efforts to face Russia threat, EU agency says

The European Union is not rearming quickly or effectively enough to meet its goal of being ready to defend against Russia by 2030, according to the

New US sanctions shut down Iranian flights

Iranian airlines were barred from neighbouring countries including the UAE and Oman on Thursday in response

Senate inches closer to US infrastructure permitting reform bill

The US Senate is nearing a deal to reform laws to speed up permitting of large infrastructure projects after the White House

At UN, 80 countries demand reopening of Hormuz, condemn Iran, Houthi attacks

Some 80 countries demanded the urgent reopening of the Strait of Hormuz on Thursday and condemned Iran and its Houthi allies for attacks in the region and

Global bond selloff rolls on, US 30-year yield at highest since 2004

US long-dated Treasury yields rose to their highest in more than 20 years on Thursday, extending a

Mortgage rates climb for 5th straight week, pushing average rate on a 30-year home loan above 7%

The average long-term U.S. mortgage rate rose this week above 7% for the first time since January 2025, the latest affordability setback for prospective homebuyers following a five-week run of rate increases

Scissor lift collapses, traps two Walmart workers in Lancaster County, dispatchers say

Scissor lift collapses, traps two Walmart workers in Lancaster County, dispatchers say

Mortgage rates top 7%, dealing a further blow to the frozen housing market

Mortgage rates top 7%, dealing a further blow to the frozen housing market

Starbucks is closing hundreds of locations

Starbucks is closing hundreds of locations

Sudan's RSF steps up deadly drone attacks on frontline cities

Sudan's paramilitary Rapid Support Forces have intensified deadly drone attacks in government-held towns in the frontline state of North

US eases screwworm ban on Mexican cattle, but beef prices unlikely to budge

The United States plans to reopen the biggest port for livestock inspections along the US-Mexican border on Thursday, expanding America's cattle supplies

Mexican economy grows 0.8% in July from June

Mexico's economy picked up in July, expanding by 0.8% from the prior month, official data showed on Thursday. That was faster than a Reuters poll forecast for 0.2% growth.

Mexico's inflation picks up more than expected in early September

Mexico's 12-month inflation rate accelerated more than expected in the first half of September, while core inflation continued to ease, data from national statistics

How the world's biggest bond managers are investing in a tumultuous market

A tumultuous ride for bonds this year has left Vanguard's senior bond fund manager Arvind Narayan with one unequivocal message: "This is

Brazil central bank sees inflation near target at key horizon, trims growth outlook

Brazil's central bank on Thursday projected inflation close to its 3% target at the policy horizon relevant for its next interest-rate decision,

MGM Resorts shares tumble after Diller's People withdraws $18 billion bid

Shares of MGM Resorts slid 10% on Thursday after media mogul Barry Diller's People Inc withdrew its more than $18 billion proposal to buy the casino operator.

Starbucks to shutter 250 stores in North America this week in 2nd wave of closings

Starbucks plans to close 250 North American stores later this week

Hedge funds sour on basis trade as Treasury selloff continues

Like Treasuries themselves, the Treasury basis trade has fallen out of favor lately.

Global rate-hiking cycle reaches Scandinavia as war fuels inflation

Norway's central bank raised interest rates on Thursday and Sweden's signalled it was likely to follow suit before the end of the year, as policymakers around

US new home sales jump to eight-month high in August

Sales of new US single-family homes surged to an eight-month high in August as buyers took advantage of price cuts and other incentives, but rising mortgage rates

Claims for unemployment benefits drop to 197,000, the lowest since mid-July as layoffs remain rare

Fewer people applied for U.S. unemployment benefits last week, as U.S. jobless claims remain at historically low levels and most Americans enjoy job security

US, Japanese officials discussed China's yttrium curbs ahead of Trump-Xi meeting, document shows

US and Japanese government officials and company officials met to discuss supply bottlenecks affecting access to Chinese yttrium, a rare earth metal

Financing of historic AI buildout raises systemic risks in US, researcher says

The artificial intelligence buildout is on track to require a larger share of US output than the rollout of electricity, railroads, interstate

Brazil's two main presidential candidates promise fiscal fixes, but leave hard choices unsaid

The two leading candidates in Brazil's tightly contested presidential race differ sharply on how fast they would tackle the country's

US farmers push for China commitments on imports as Trump and Xi talk trade

Soybeans, sorghum and other US farm goods are expected to be high on the agenda at this week's summit between US President Donald Trump and Chinese President

Fed again hoping for a pain-free landing from current inflation spike

US Federal Reserve officials, who have begun hiking interest rates to tame high inflation, believe they can do so

Bonds bomb

Just as some investors were wondering whether it was time to return to battered bond markets, Wednesday's fresh rout offered a clear answer: not yet.

Poverty rate tests Argentina's Milei ahead of election

Overflowing soup kitchens, a resurgence of cash-free barter clubs and families taking out short-term loans for groceries are highlighting growing social strains in

Russia's Krasnodar region declares state of emergency as drone attacks slow grain exports

The governor of Russia's southern Krasnodar region, a major agricultural producer, has declared a state of emergency over Ukrainian drone attacks that have inhibited the

German institutes lift growth forecasts, business morale rises

Germany's leading economic institutes raised their growth forecasts for this year and next, while business morale rose more than expected in September,

‘Makes very little economic sense’: Ex-Trump energy secretary warns Trump against diesel export ban

‘Makes very little economic sense’: Ex-Trump energy secretary warns Trump against diesel export ban

German business morale rises more than expected in September, Ifo finds

German business morale rose more than expected in September, a survey showed on Thursday, signalling that Europe's largest economy is weathering an energy price shock that

BoE's Lombardelli sees rates rising if energy prices stay high

Bank of England Deputy Governor Clare Lombardelli said on Thursday that interest rates will likely have to rise if energy prices stay elevated, unless there is clear evidence of a

Bank of America plans additional apprentice hiring

Bank of America said on Thursday it plans to hire 1,000 additional apprentices over the next two years, expanding its skills-based hiring in local communities.

White House pushes for speedy review of voter rolls in hunt for noncitizen voters

The White House has pushed federal agencies to accelerate their review of at least 47 state voter rolls obtained by the Department of Homeland

Norway central bank raises interest rate, may hike again

Norway's central bank raised its policy interest rate by 25 basis points to 4.50% on Thursday as expected by a narrow majority of

For Pope Leo, the risk of an AI apocalypse is a major concern

The Vatican warned about the risk of an apocalypse spurred by artificial intelligence years before major American firms sounded the alarm at the

More than 167,000 pounds of meat with false inspection labels recalled nationwide

More than 167,000 pounds of meat with false inspection labels recalled nationwide

Scottsdale's water recycling program hits election-year backlash

Election-season politics have stalled efforts to expand wastewater recycling to residents' taps in an affluent Phoenix suburb

OpenAI's breach of Australian health department website prompts rebuke from Albanese

Australian Prime Minister Anthony Albanese says he is extremely concerned about OpenAI's security breach of a government website, and that the artificial intelligence company took too long to reveal the incident

Oil gains on little sign of progress in US-Iran talks

Oil prices rose around 2% on Thursday as diplomatic talks between the US and Iran showed little sign of progress, while investors focused on uncertainty

Diplomacy takes a back seat

A look at the day ahead in European and global markets from Rocky Swift With the effects of surging oil prices cascading through markets and supply chains, diplomatic efforts to settle simmering trade

Qantas workers begin 24-hour strike at four Australian airports, union says

Qantas airport workers launched a 24-hour strike on Thursday at the Sydney, Brisbane, Adelaide and Perth airports demanding higher pay, more secure jobs and improved safety

BOJ could raise rates every quarter, ex-policymaker says

The Bank of Japan is expected to raise interest rates roughly once every three months and push them up to 2% by around June next year to

Australia housing runs out of rescuers as RBA is set to hike rates

For decades, whenever house prices in Australia fell, the central bank rode to the rescue with rate cuts to shore up economic demand and keep households

What we know about the rogue AI-agent security breaches

Australia said on Thursday an OpenAI agent breached a government health data portal in June, gaining unauthorised access to files, in what could be the first known instance of AI

US and Indian top diplomats discuss Russia sanctions bill signed by Trump

US Secretary of State Marco Rubio and Indian Foreign Minister S.

US will make up to $7 billion in loans to help Trump ally Milei tap Argentina’s oil and minerals

The Trump administration wants to put billions of dollars into Argentina’s energy and mining industries

Japan's factory activity growth slows in September, PMI shows

Japan's manufacturing activity rose at a slower pace in September from the previous month as output and new orders softened, while solid overseas demand helped firms'

Australian shares trim declines after jobless rate tops forecasts

Australian shares pared early losses on Thursday after data showed the unemployment rate rose more than expected, though investors continued to price in the risk of a hawkish move

Taiwan upgrades maritime patrol capacity for vulnerable South China Sea outpost

Taiwan has upgraded its maritime patrol capacity around the Pratas Islands in the disputed South China Sea, including regularly sending larger ships there, the government

Australia's jobless rate hits five-year high, RBA hike still seen

Australia's jobless rate unexpectedly rose to a five-year high in August even as employment enjoyed a solid rebound, a mixed report that left

Hope fading for new Boeing deal during US-China summit, sources say

Hopes for a new China commitment to buy Boeing planes are sinking ahead of a Thursday summit between the US and Chinese presidents, two

McDonald’s bets $8.5 billion on a sweeping restaurant makeover and new protein-focused menu

McDonald’s said Wednesday it will spend $8.5 billion over the next decade to modernize its restaurants globally

Top dairy exporter Fonterra flags El Niño risks to milk supply

New Zealand's Fonterra on Thursday warned that El Niño could affect milk volume growth at the end of the 2026/27 season, as the weather phenomenon heightens risk

Venezuela's Rodriguez promises elections in transition to 'full democracy'

Venezuela's interim President Delcy Rodriguez told the UN General Assembly on Wednesday that the country

Son of Israel's ambassador to US critically injured in ramming attack in the occupied West Bank

The son of Israel’s ambassador to the United States has been gravely injured in a ramming attack in the occupied West Bank

Zelenskyy, at UN, urges leaders to keep choking Russia's revenues and impede its war efforts

Ukrainian President President Volodymyr Zelenskyy is urging world’s leaders to keep choking Russia’s revenues and impede its war efforts

Senators from both parties ask Trump to release emergency heating oil as prices surge

The two US senators from Maine, the state most reliant on home heating oil, asked President Donald Trump this week to tap the country's emergency stash of the fuel as

Trump to raise detainees with Xi, but other rights issues may not come up

President Donald Trump is expected to press Chinese leader Xi Jinping to free two US citizens held by China,

US says China trade truce extended as Trump welcomes Xi

US President Donald Trump welcomed Chinese President Xi Jinping to Washington on Wednesday for a three-day visit that will test relations between

US FAA says error messages in telecommunications circuit prompted shift to backup on Sunday

The head of the US Federal Aviation Administration said a series of error messages in a telecommunications circuit prompted the agency on Sunday to

Barry Diller's People withdraws bid for MGM Resorts

Media mogul Barry Diller's People Inc on Wednesday withdrew its proposal to purchase all public shares ​of MGM Resorts International, sending the casino operator's shares down 8%

US, China agree to extend 'the Busan agreement' until January, Bessent says

U.S. Treasury Secretary Scott Bessent said on Wednesday the United States and China agreed on Wednesday to extend "the Busan agreement."

Facebook accused of deceiving users in New Mexico as trial over privacy scandal wraps up

Closing arguments have taken place in a New Mexico trial over Facebook's alleged failure to protect users from a third-party quiz that harvested data from 87 million profiles

Skyrocketing diesel prices rattle Republicans as midterms approach

Diesel prices are hitting record highs as the Middle East conflict intensifies, affecting American farmers and rural residents

Newsom talks climate with world leaders in New York, accuses Trump of abdicating that responsibility

California Gov. Gavin Newsom has met with world and business leaders to advance climate action and clean energy in New York

Israeli bulldozers smash Palestinian olive trees ahead of annual harvest

Palestinian villagers wailed over the mangled remains of their olive trees on Wednesday after Israel's military uprooted them with bulldozers, days ahead of

US, China agree to extend trade truce by two months, work on bigger deal, Bessent says

The United States and China have agreed to extend by two months a trade truce that was due to expire on November 10, allowing more time to work on a

Ethiopia has achieved progress, shown restraint despite interference, president says

Hours after renewed fighting in Tigray shattered a four-year-old peace deal, Ethiopian President Taye Atske-Selassie Amde told the UN his

McDonald’s to create tiered loyalty program to lure repeat visitors

By Waylon Cunningham Sept 23 - McDonald’s will shift its loyalty program to a new tiered system, chief marketing officer Morgan Flatley said at the chain’s investor day on Wednesday, in a bid to more

As 5% Treasury yields lose shock value, investors start worrying about 6%

For years, 5% on the benchmark US 10-year Treasury yield was viewed as the point at which global financial markets would start hitting

Trump, Venezuela's Rodriguez discuss debt overhaul, Rubio says

US President Donald Trump and Venezuela's interim President Delcy Rodriguez discussed restructuring the South American nation's

Conagra shareholders vote for proposed changes to executive pay

Conagra Brands shareholders voted on Wednesday in favour of proposed changes to the US packaged food maker's executive compensation program.

ECB not seeing any big wage response to surging inflation

The European Central Bank is not seeing significant wage pressures in response to this year's energy-driven inflation surge, the bank's chief economist said on

US diesel futures fall after report of export ban plan, which the White House denies

US ultra-low-sulfur diesel futures fell 4% on Wednesday after Politico reported that the White House is preparing a plan to ban diesel exports for 90 days, which the Trump

Wall Street ends down as oil prices, Treasury yields rise

Wall Street ended lower on Wednesday, pulled down by Alphabet and Amazon, as Treasury yields climbed and Iran's president said Tehran would never surrender to US

White House denies report US is considering a diesel export ban

A White House official on Wednesday denied a news report that said the US is preparing a 90-day ban of diesel exports in an attempt to control record prices for fuel

10-year Treasury yield hits 5.1% for first time in 19 years

10-year Treasury yield hits 5.1% for first time in 19 years

Xi heads into Trump visit after making China into a global force since 2015

Chinese leader Xi Jinping's visit to Washington this week marks a shift in relations

Disney+ and Hulu now cost more than $20 a month without ads

Disney+ and Hulu now cost more than $20 a month without ads

Caesars stockholders approve $6 billion merger with Fertitta

Caesars Entertainment shareholders have voted to approve a multibillion-dollar merger with Fertitta Gaming that once complete would create one of the largest gaming empires

France hails Azerbaijan's pardon of French citizen, opening door for better ties

France on Wednesday welcomed Azerbaijan's pardon of French citizen Martin Ryan as a humanitarian gesture that would pave the way for improved

Hungarian bond bulls bet on euro path as central bank cuts inflation target

The Hungarian central bank's move to lower its inflation target has sent a fresh signal to investors that the new government in

EU faces backlash after lifting sanctions on Russian billionaires

The European Union faced a growing backlash on Wednesday for lifting sanctions on two Russian billionaires, with some of its

US senators press for quick Chinese vehicle ban this week as Xi visits

US senators proposing bipartisan legislation to make permanent a ban on Chinese vehicles are aiming to win quick Senate approval this week, as

US Energy Secretary Wright says diesel export ban won't work

US Energy Secretary Chris Wright on Wednesday said a US ban on diesel exports would not work and could push up gasoline and jet fuel prices, a stance at

Tigrayan leaders say new war with Ethiopian government has begun

Forces from the northern Ethiopian region of Tigray launched a major offensive against the federal government on Wednesday, a senior Ethiopian official said, shattering a four-year

US will either reform IEA on climate issues or leave the group, energy secretary says

The US might consider leaving the International Energy Agency if there is no alignment on climate issues, US Energy Secretary Chris Wright said on Wednesday.  

Meta's Muse rekindles fears over winners and losers as personal AI agent emerges

Meta's Muse, the first major consumer product to emerge under Alexandr Wang since he was hired to head its AI efforts last year, has split the fortunes of US stocks this week.

Trump administration prepares plan for 90-day diesel export ban, Politico reports

The Trump administration is preparing a plan to ban diesel exports for 90 days, despite splits inside the administration and with the oil industry, in a bid to bring down energy

Aldi cuts U.S. grocery prices for fall season amid inflation, competition pressure

Private discount grocer Aldi said on Wednesday it would lower prices on a range of grocery items in the U.S. this fall, a move the company estimates will save shoppers about $86

China's Xi to visit Washington without CEO delegation, sources say

China's President Xi Jinping will arrive in Washington this week without the delegation of Chinese business leaders that Beijing had sought to bring for meetings with US

Dramatic eviction of 87-year-old Madrid tenant spotlights Spain's housing crisis

Police evicted an 87-year-old woman on Wednesday from her Madrid home of more than seven decades despite hundreds of people protesting outside and the

US business activity at more than five-year high; inflation pressures building

US business activity raced to a more than five-year high in September, fueled by a surge in new orders, though strong demand strained supply chains and pushed prices

Paraguay calls for Venezuela's return to Mercosur trade bloc

Paraguay's President Santiago Pena called for Venezuela's reintegration into the South American trade bloc Mercosur on Wednesday, speaking to world leaders at the UN General

Iran's Pezeshkian accuses Trump of 'bullying mentality,' vows no surrender

Iranian President Masoud Pezeshkian accused US President Donald Trump of a "bullying mentality" at the United Nations on

Paramount pledges to release 30 films a year. How will that add up? 

Paramount Skydance is promising the largest volume of movies in Hollywood after its Warner Bros.

Japan's steep yield curve opens 'reverse carry' trade opportunity, Eastspring says

By Ankika Biswas and Divya Chowdhury Sept 22 - A rise in Japanese bond yields is creating a "reverse carry" opportunity for overseas investors as Bank of Japan interest-rate hikes make the traditional

Dollar jumps to near two-month high on Fed outlook, inflation concern

The US dollar rallied to its highest level in nearly two months on Wednesday as investors' expectations of a near-term Federal Reserve rate hike grew

Italian parliament backs Meloni's plan to restart nuclear power

Italy's upper house Senate on Wednesday gave final approval to a government plan to restart nuclear power generation, almost 40 years after a referendum led

Trump's Board of Peace proposes $2.45 billion blueprint to begin Gaza reconstruction

The U.S.-backed Board of Peace is proposing a six-month, $2.45 billion plan to begin reconstruction and governance in Gaza as President Donald Trump’s ceasefire plan struggles to stay afloat

Trump speculates on diesel fuel export ban as high prices ripple across US economy

There’s not much diesel fuel lying around, and lots of people want to buy what is available, as well as what little is produced each day. It’s all a matter of supply and demand.

Airtel Money plans one of London's largest IPOs in years (Sept 23)

(Corrects currency in last paragraph to US dollars from pounds, removes currency conversion. The error also appeared in previous versions of the story.)

US 30-year mortgage rate tops 7%, hits 2-year high

The rate on the most popular US home loan rose last week to its highest in more than two years and pierced the 7% level for the first time since the first week of

Geely turns to 4-minute EV charging, AI in battle with BYD

China's Geely responded to the challenge posed by rival BYD on Wednesday with a system that can charge an EV in just four minutes, the industry's

Amazon rolls out new agentic AI for third-party sellers 

Amazon on Wednesday introduced a new agentic artificial intelligence service for third-party sellers on its main e-commerce site, expanding

Space investment more than doubled to $23 billion in year to June, report says

Private investment in space companies globally more than doubled to $23 billion in the year through June as the sector shifts toward proven businesses, according to

Wall St opens lower as oil, bond yields mover higher

Wall Street's main indexes opened lower on Wednesday, pressured by rising crude prices and government bond yields as investors awaited developments from negotiations to end the

McDonald's lays out $8.5 billion franchisee support plan, targets higher margins by 2030

McDonald's on Wednesday outlined about $8.5 billion in support for franchisees as part of an expanded growth plan and set targets for margin and market share growth as it looks to

NYSE and Blockchain.com to explore selling tokenised stocks

The New York Stock Exchange and crypto brokerage

Farmers face record diesel prices as harvest season begins

Farmers face record diesel prices as harvest season begins

Business owners concerned as Queen City Bridge remains closed

Business owners concerned as Queen City Bridge remains closed

How the US gave up its edge to China in processing vital rare earth minerals – and what that’s costing

Today, China controls the vast majority of rare earths processing. That gives it enormous political leverage, and its trade truce with the US involving those minerals expires Nov. 10, 2026.

Two years after Helene: What's fixed at North Fork and what still isn't

Two years after Helene: What's fixed at North Fork and what still isn't

Trump’s midterm woes deepen amid worsened economic backdrop: CNN poll

Trump’s midterm woes deepen amid worsened economic backdrop: CNN poll

Morocco reports lower turnout in parliamentary elections

Morocco's interior ministry reported a lower turnout of 38.02% in the country's parliamentary election on Wednesday, down from 50% in the last vote in

Turkey says nearly half a million investors affected by funds liquidation

Turkey's capital markets regulator said on Wednesday that almost half a million investors hold stakes in more than 100 Turkish investment funds worth around $18 billion

Trump Gaza board pitches $2.45 billion Gaza plan, implementation uncertain

President Donald Trump's Board of Peace unveiled a $2.45 billion plan on Wednesday to begin rebuilding Gaza, but officials acknowledged it faces an uncertain

Speechifying

It was all about oil again over the past 24 hours, with prices swooning as the speechifying and backroom meetings at the United Nations' annual gathering unfolded.

German state election losses risk snarling Merz's reform agenda

Chancellor Friedrich Merz may have survived the triumph of the far right in this month's state elections in eastern Germany and Berlin but the shock to

General Mills beats quarterly results estimates on resilient demand for pantry staples

General Mills beat first-quarter sales and profit estimates on Wednesday and reaffirmed its annual forecast, as price increases and resilient demand for at-

China central bank to inject more liquidity as Golden Week nears

China's central bank said on Wednesday that it would inject up to 1 trillion yuan ($149 billion) per day via short-term liquidity tools around the turn of the month as

AI is changing how Americans choose snacks, says Conagra

Americans are increasingly asking AI what to snack on, according to Conagra Brands, a shift the Slim Jim meat stick-maker says is helping fuel demand

BofA forecasts two BoE rate hikes as energy prices stoke inflation concerns

Bank of America Global Research became the latest brokerage to expect the Bank of England to raise interest rates twice over the next six months, as higher energy prices raise the

Corporate finance chiefs lift inflation outlook, cite rates as concern - Fed survey

Company chief financial officers expect higher inflation this year and next, and have begun to cite rising interest rates as a top concern,

What Trump’s Greenland deal could realistically change

What Trump’s Greenland deal could realistically change

Takeaways: What a new AP-KFF survey reveals about rural American voters

A new survey points to economic frustration among a key group that has largely backed Donald Trump and other Republicans in recent elections

UK business activity cools as inflation pressure ramps up, PMI shows

Growth in British business activity cooled this month and inflation pressure built, a survey showed on Wednesday, an awkward backdrop for finance minister John Healey

Britain's JD Sports says Nike turnaround is only a matter of time

Nike is taking the right steps to revive its business and a turnaround is only a matter of time, said the finance chief of British sports and fashion

Argentina accuses UN of ignoring rising tensions over Falkland Islands

Argentina's President Javier Milei on Wednesday criticized the United Nations for looking "the other way" amid escalating tensions with Britain over oil exploration

Italy sticks with plan to bring 2026 deficit below EU 3% of GDP ceiling

Italy plans to confirm a commitment to bring its budget deficit below the European Union's 3% of gross domestic product ceiling this year

European stocks slip as lack of progress on US-Iran peace lifts oil, yields

European shares closed lower on Wednesday as oil prices rebounded to over $100 a barrel, pushing up government bond yields again as the Iran

Sen. Bernie Sanders unveils bill to ban artificial superintelligence and create Department of AI

Sen. Bernie Sanders and Rep. Greg Casar are introducing legislation that would ban artificial superintelligence, pause development of advanced AI systems and create a new Department of Artificial Intelligence

German business activity grows in September, PMI shows

German business activity expanded solidly in September despite firms facing increased inflationary pressures, a preliminary business survey showed on

France private sector returns to growth at fastest rate in 25 months, PMI shows

France's private sector grew in September at its fastest pace in just over two years, driven by a rebound in services demand, a business survey showed on Wednesday.

China's purges of top military commanders spur questions about war-waging ability

Purges of military leaders may have dented China's war-fighting readiness, but are likely to have strengthened President Xi

Philippine Senate lowers threshold for conviction in VP Duterte's impeachment trial

The Philippine Senate, sitting as an impeachment court, on Wednesday lowered the number of votes needed to convict Vice President Sara 

Europe's economy surprisingly resilient amid war-driven energy shock, surveys show

Europe's economy is showing unexpected signs of health even as conflicts in the Middle East and Ukraine drive up energy costs for firms and households,

OECD expects AI boom to help offset Middle East energy shock for now

AI-led investment is helping the global economy hold up marginally better than expected this year, but the energy shock is becoming more entrenched, weighing

Singapore's link to US stocks is struggling to attract traders

Singapore's effort to offer trading in American stocks during Asia hours has gotten off to a sluggish start as rival products and wary investors

South African inflation rises modestly; most analysts still expect rate hike

South African inflation picked up slightly in August, but analysts said the smaller-than-expected uptick was unlikely to influence the central

Taiwan to maintain 'close contact' with US on arms sales

Taiwan will continue to keep in close touch with the US to promote the implementation of arms sales according to plan, a

China surveys Broadcom switch use in state data centers, FT reports

Chinese authorities are examining the use of Broadcom’s hardware in state-backed data centres as part of a drive to boost domestic producers and reduce reliance on foreign AI

India business activity rebounds in September to 3-month high, PMI shows

India's business growth accelerated in September on stronger demand in both manufacturing and services, a preliminary survey showed, though weaker export momentum and

Sri Lanka economy resilient but risks remain tilted to downside, IMF says

The International Monetary Fund said on Wednesday that Sri Lanka's economy continues to show resilience amid successive shocks but is still facing risks tilted to the downside, as

Trump threatens to annihilate Iran as diplomats push for deal at UN

US President Donald Trump warned on Tuesday that he could annihilate Iran if there is no deal to end the war,

Novo Nordisk open to direct New York listing, CEO Doustdar tells FT

Novo Nordisk is open to considering a direct New York Stock Exchange listing, replacing the American depositary receipts through which US investors currently trade its shares, CEO

Chinese beauty product exporters are sitting pretty despite US trade dispute

From pre-bleached straight hair wigs to wavy clipped extensions and blinged-out coffin-shaped nails, sales

China sets guidelines for fentanyl-related crimes prior to Trump-Xi summit

China has issued a set of guidelines for handling criminal cases involving fentanyl-related substances to ensure proper law enforcement, according to its judicial and

A$ gets a bit part as AI steals the show

A look at the day ahead in European and global markets from Wayne Cole.

Raptors, Kawhi Leonard agree on 2-year, $115 million extension, AP source says

Kawhi Leonard and the Toronto Raptors have agreed on a two-year contract extension potentially worth $115 million

This year, with shifting political winds, Canada gets more of the spotlight on the UN's stage

Canada has a new posture on the planet’s biggest diplomatic stage as world leaders convene at the U.N. General Assembly this week

Trump meets Venezuela's Rodriguez for first time since Maduro's capture

US President Donald Trump met Venezuela's interim President Delcy Rodriguez late on Tuesday on the sidelines of the UN General Assembly,

Taiwan, human rights are 'red lines' for China, ambassador says ahead of Trump, Xi meeting

Taiwan and human rights are "red lines" for China that cannot be crossed, the country's ambassador to the US warned on Wednesday, striking

US diesel exports ban would hurt global fuel markets, analysts say

A US diesel export ban could become a self-defeating exercise that would do little to ease high US fuel

US judge dismisses Michigan climate lawsuit against oil companies

A US judge on Tuesday dismissed an antitrust lawsuit in which Michigan accused four major oil companies of colluding to forestall competition in

Trump says US and Iranian officials met Tuesday, shortly after warning he may 'annihilate' Iran

President Donald Trump says U.S. and Iranian officials met for about three hours Tuesday, shortly after he threatened in his address to the U.N. General Assembly that he may “annihilate” the Islamic Republic if a deal isn’t reached soon to end the nearly seven-month war

Climate disasters are growing. So are cuts to programs that prepare for them

Millions of people face deadly climate-related disasters as international aid programs are slashed

Trump administration to admit primarily Afrikaners under new refugee proposal

The Trump administration plans to set a refugee admissions ceiling of 17,500 over the next 12 months consisting "primarily" of South Africans from the country's

UK employers' pay awards cool to 3%, Brightmine data shows

Pay settlements by British employers have cooled, adding to signs of a softer labour market as businesses said they faced higher employment costs and tighter budgets, a survey

Trump administration to remove 760,000 Affordable Care Act enrollees over fraud claims

Vice President JD Vance and White House officials are announcing plans to remove 760,000 Affordable Care Act enrollees from public healthcare exchanges

Carney says Canada and India aim to wrap up trade talks by G20 ahead of Modi visit

Canadian Prime Minister Mark Carney says that trade negotiations with India are making “good progress” and that the two countries are aiming to conclude talks by the G20 summit in mid-December

Market participants favor Treasury parking some cash in repo market

By Michael S.

Canada is giving C$100 million in international aid for Palestine, says Carney

Canada is giving C$100 million in international assistance for Palestine, Prime Minister Mark Carney said on Tuesday.

Financial stocks fall with AI and flattening yield curve in focus

The S&P 500 Financial index and the benchmark's bank sector were under pressure on Tuesday as investors worried about competition from artificial intelligence and

Trading Day: Oil slips, Nasdaq rips

The Nasdaq sailed to a new a high on Tuesday, lifted by a wave of positive momentum around the AI outlook and another decline in global oil

Apollo private credit fund redemption requests ease in third quarter

Asset manager Apollo Global Management recorded lower withdrawal requests at its flagship private credit fund in the third-quarter tender offer, suggesting redemption queues are

Smaller packs, more protein: AB InBev to adapt drinks to shifting tastes 

Anheuser-Busch InBev will sell smaller pack sizes, beers with added protein or electrolytes and push further into drinks beyond beer, executives said on

IDB head working on $2.5 billion Venezuela loan, faces board pushback, sources say

The head of the Inter-American Development Bank is working to secure approval for a $2.5 billion loan for Venezuela

Trump signs US-Denmark-Greenland agreement to bolster Arctic security after prolonged tensions

The United States, Denmark and Greenland have signed an agreement to strengthen security in the Arctic and North Atlantic

Republicans want to turn Mamdani into a bogeyman for the midterms. Trump just made that harder

President Donald Trump has surprised many by showing support for New York City Mayor Zohran Mamdani, a well-known democratic socialist

IMF to help Ukraine find some funds for next year, Zelenskiy says

The International Monetary Fund will help Ukraine find part of the funding it needs to maintain financial and economic stability next year, President Volodymyr Zelenskiy said

'It's not for luxury; it's for survival.' Families push for air conditioning in Arizona prisons

'It's not for luxury; it's for survival.' Families push for air conditioning in Arizona prisons

IMF aims to scale back economic consultations for some countries, Bloomberg News reports

The International Monetary Fund is moving toward reducing the number of economic health checks it performs for certain countries as part of a broader efficiency push by the lender,

Trump at UN: Threats, diplomacy and 'super intelligence'

President Donald Trump used his address to the UN General Assembly on Tuesday to defend the US-Israeli campaign against Iran while laying out his foreign policy

Iran submits conditions for reopening of Hormuz to U.S. representative, state media says

Iran's Foreign Minister Abbas Araqchi met with US Special Envoy Steve Witkoff on Tuesday, on the sidelines of the UN General Assembly in a meeting during which Iran's

Microsoft to keep shareholder proposal rights through 2027, even as SEC reduces oversight

Microsoft will consider shareholder proposals at its annual meetings through next year, at the request of an activist looking to preserve investor rights as they

US halts Obamacare enrollment for over 760,000 enrollees, claiming fraud

The Trump administration is halting enrollment in Obamacare health plans for more than 760,000 enrollees it believes were

Wall Street holds near its record after Brent oil falls below $100 per barrel

The U.S. stock market held near its record high after oil prices eased again

Turkey's Erdogan urges UN reform, wider recognition of Palestinian state

Turkish President Tayyip Erdogan told the United Nations General Assembly on Tuesday the U.N had become unable to fulfill its duty of preserving peace and called for reform

Turkey, Saudi Arabia, Pakistan, Egypt affirm Riyadh's right to defend itself

The foreign ministers of Turkey, Egypt, Saudi Arabia, and Pakistan said in a joint statement on Tuesday that they affirmed Riyadh's right to defend itself in line with

Trump says freedom will come to Cuba in UN speech

President Donald Trump said Cuba was a failed state and freedom would be coming to the island nation in a UN address on Tuesday that increased tensions with the

Trump praises new British PM Andy Burnham but slams UK deal on Indian Ocean islands

British Prime Minister Andy Burnham has had a strong start with U.S. President Donald Trump at their first meeting

Fed's Barkin says economy may be firming, inflation not limited to energy, tariff shocks

US economic conditions "are, if anything, firming," with continued consumer spending and strength beyond the boom in artificial intelligence keeping

UN chief says power has polarized the world and urges leaders to cooperate

U.N. Secretary-General Antonio Guterres is urging global leaders to cooperate to tackle the existential threats from climate crisis, runaway artificial intelligence and intensifying inequalities

Brazil trims GDP outlook, sees slower recovery amid cautious monetary easing cycle

Brazil's government on Tuesday lowered its economic growth forecast for 2026 to 2.0% from the 2.3% projected in July, saying a stronger outlook for the agricultural

Nth Cycle inks $1 billion minerals offtake with Glencore ahead of public listing

US metals refining startup Nth Cycle has signed a $1 billion offtake agreement with Glencore to supply the commodities giant with lithium and other critical

Nebraska regulator dismisses complaint against The Andersons over unpaid farmer claim

By P.J.

Nasdaq reaches record high close, AI stocks rally

The Nasdaq notched a record high close on Tuesday, lifted by Micron Technology and other AI-related stocks, while the S&P 500 hovered just

White House fraud task force will remove more than 760,000 Obamacare enrollees, some of whom may not exist

White House fraud task force will remove more than 760,000 Obamacare enrollees, some of whom may not exist

100 teachers could be out of a job, more public schools could close in Orange County, district says

100 teachers could be out of a job, more public schools could close in Orange County, district says

Witness describes crash that killed woman, unborn child in Independence

Witness describes crash that killed woman, unborn child in Independence

Dollar rises in choppy trading as investors weigh inflation prospects

The dollar rose in uneven trading on Tuesday, oscillating between gains and losses after hitting a two-month high earlier in the day as volatile oil

Fed's Collins says she supported rate hike, warns of elevated inflation risks

By Michael S.

Gulf leaders meet Trump with two fears: more war and less US protection

Gulf leaders meet Trump with two fears: more war and less US protection

'One after another, they started dying': survivors recount deaths in detention in Nigeria

Nigerian prison guards sprayed an unidentified substance into a crowded cell where dozens of detainees died and kept the doors

Trump says US Justice Department could rein in AI companies if needed

President Donald Trump reiterated his opposition to new regulations on AI technology, telling global leaders at the UN General

Trump warns in UN speech he could 'annihilate' Iran without peace deal

US President Donald Trump used his UN General Assembly speech on Tuesday to make the case for his war on Iran, arguing he has

Oil prices settle lower as crude flows from Middle East improve

Oil prices fell on Tuesday on increasing flows of Saudi crude with the restart of the East-West pipeline and ship movements through the Strait of Hormuz,

CD&R and Warburg Pincus in joint bid for Canaccord Wealth, sources say

Private equity groups CD&R and Warburg Pincus are in talks to buy Canaccord Genuity’s British wealth arm, Canaccord Wealth, two people familiar with the

Bay Area asked to prepare for El Niño storms this winter after CA declares state of emergency

Bay Area asked to prepare for El Niño storms this winter after CA declares state of emergency

DoorDash to pay $131M for underpaying delivery workers in New York City

DoorDash will pay $131.5 million to settle claims that it underpaid delivery workers in New York City

Goldman appoints Simon Lyons UK investment banking co-head

Goldman Sachs has appointed Simon Lyons as co-head of UK investment banking, a spokesperson for the US bank confirmed.

Weight-loss drug developers line up to tap lucrative market as competition heats up

The weight-loss drug market is booming, with biotech firms racing to capture a slice of the fast-growing sector dominated by Novo Nordisk and Eli Lilly.

Currency collapse heaps more pain on civilians in divided Sudan

The Sudanese pound has haemorrhaged nearly half its value in army-held territory since the start of the

Nasdaq leads Wall St higher as investors weigh Mideast developments

Wall Street's main indexes opened higher on Tuesday, with the tech-heavy Nasdaq hitting an intraday record high for the first time since early June, while investors awaited

France mulls new UN Security Council resolution on Hormuz, diplomats say

France has started drafting a UN Security Council resolution in coordination with the United States on setting up ​an international mission to restore

Rwandan doctor accused in London court of overseeing 6 killings in 1994 genocide

British prosecutors have accused a doctor of overseeing six killings during the 1994 Rwandan genocide

With new Macs, Apple aims to take on Microsoft, Nvidia in a rush to lower AI costs 

When Apple's new desktop computers start shipping Tuesday, the company's executives will make an unusual pitch to corporate buyers: They are

European drugmakers call for faster trials, more spending to compete with US, China

European drugmakers called for beefed-up government spending on medicines, faster trials and IP protections as they sounded warnings on Tuesday that the

Fed's discount window supports market liquidity, Jefferson says

Federal Reserve Vice Chair Philip Jefferson on Tuesday said the US central bank's recent improvements to its emergency lending facility make it easier for financial institutions to

EPA says repealing power plant emissions rules will save billions – but its estimate leaves out health and climate costs

Keeping aging coal plants open, building new gas plants and choices about pollution controls affect electricity bills. Pollution adds health costs and climate damage that may not appear on those bills.

California farmers are struggling to sell grapes as demand for wine drops

It’s harvest time in California wine country, but many growers are struggling to sell their grapes as Americans cut back on drinking

Other presidents have let white-collar criminals dodge financial penalties – but not like Trump

No other U.S. president has come close to wiping away the amount in fines and restitution owed to victims that Trump has.

As oil swoons, AI recharges

The combination of a buzzy reception for Meta's new AI assistant Muse and softer oil prices was enough to give stocks a lift to start the week, with Mark Zuckerberg's

As Trump and Xi meet, investors play both sides of AI divide

As China and the US race to build separate AI supply chains, investors are playing both sides, with US banks fundraising for AI upstarts in China and Chinese money flowing to US

German institutes raise 2026 and 2027 economic growth forecasts, sources say

Germany's leading economic institutes have raised their forecasts for economic growth in Europe's largest economy for this year and next but expect only

Peloton is releasing its cheapest treadmill yet as it bets on running for a turnaround

Peloton is releasing its cheapest treadmill yet as it bets on running for a turnaround

UK factory orders show best performance since July 2023, CBI survey shows

A gauge of British factory orders rose this month to reach its highest level since July 2023, a Confederation of British Industry survey showed on Tuesday.

Critics say California got too little in deal to let Paramount buy Warner Bros

Critics swiftly decried a California-driven settlement with Paramount Skydance that cleared the way for its $110 billion acquisition of

Trump has a ‘sledgehammer’ way to slash diesel prices. But it could boomerang back on the US

Trump has a ‘sledgehammer’ way to slash diesel prices. But it could boomerang back on the US

US battery startup that chose China over Kentucky opens first factory as Trump, Xi meet

A US battery startup that scrapped plans to make Kentucky the site of its first factory has instead built it in China, exposing

Latvian PM opposes deal to lift sanctions on Russia-linked billionaires Usmanov and Fridman

Latvia said it could not accept a proposed deal that would lift EU sanctions on Russia-linked billionaires Alisher Usmanov and Mikhail Fridman in return for keeping

New Zealand must avoid crisis missteps, Foreign Minister Winston Peters says

New Zealand's biggest risk in foreign policy is reacting badly to global crises, Foreign Minister Winston Peters said on Tuesday, warning that rhetorical gestures may

US closes rear-view camera probe into more than 129,000 Honda vehicles

The US auto safety regulator on Tuesday closed an investigation into rear-view camera failures in 129,092 Honda Ridgeline pickup trucks, recalled in 2022, without further action.

Russia says Ukrainian drone attack kills one in its Samara region

One person was killed and four wounded after Ukrainian drones hit civilian areas in Russia's Samara region overnight, the local governor said on Telegram on Tuesday.

UK borrowing overshoot darkens backdrop for Healey's budget

Britain's government borrowed more than expected in August, pushing the deficit for the financial year to date further above official forecasts

EU reaches initial free trade deal with Philippines in pivot to Asia

The European Union and the Philippines have reached an initial free trade agreement as part of the bloc's broad pivot to Asia, Commissioner for Trade and Economic ⁠

Man shot by ICE, detained in Texas with a bullet in his back is back in the hospital, attorney says

The attorney for a Venezuelan man shot by a federal immigration officer in Texas says he is back in the hospital after being held at a detention center with a bullet still lodged in his back

Canada says Philippines, ASEAN trade talks 90% complete, eyes November finish

Canada's trade minister said on Tuesday that negotiations on separate free trade agreements with the Philippines and ASEAN are more than 90% complete, with Ottawa pushing

TUI narrows 2026 operating profit outlook

Germany's TUI narrowed its outlook for 2026 underlying operating earnings on Tuesday, saying war in the Middle East meant customers were making later bookings,

AI trade gets its Muse

A look at the day ahead in European and global markets from Ankur Banerjee Investor enthusiasm for the AI trade is well and truly back after a strong reception to Meta Platforms' Muse assistant since

Australia's central bank says inflation risks may be materialising

Australia's top central banker said on Tuesday that upside risks to inflation may be materialising given energy prices have stayed high and there continued to be excess

ECB's Lane sees inflation returning to target from mid-2027-paper

An energy shock pushing up oil and gas prices is likely to last longer than the European Central Bank had anticipated in March, with geopolitical risks now looking elevated

China's offshore trust tax crackdown could impact single stocks, BofA says

China's new rule to chase income tax on offshore trusts, a popular structure adopted by many Hong Kong and US-listed Chinese companies' shareholders, could pose short-

The show must go on: struggling luxury brands seek catwalk boost in Milan and Paris

Glitzy runway shows by the world’s biggest fashion brands in Milan and Paris mask a worrying picture for luxury executives behind the

How a Bangladeshi garment-maker is fighting the Middle East energy crunch 

A gas and power crisis has hit production at most Bangladeshi garment makers, but at 4A Yarn Dyeing, a supplier to Walmart, Gap and

New Zealand central bank chief sees risks to economy, inflation

New Zealand's top central banker said on Tuesday if recent gains in oil prices persist it would lead to "somewhat" higher inflation than previously forecast, adding that

South Korea confirms first project under $350 billion US investment pact despite viability concerns

South Korea confirmed its first project under a $350 billion US investment pact on Tuesday and said it is considering two others,

South Korea's Lee tells AP he wants step-by-step approach to North Korea's nuclear dismantlement

South Korea’s liberal President Lee Jae Myung is calling for a practical and step-by-step approach to achieving North Korea’s nuclear dismantlement

Two Republican Senate candidates call for swift end to Iran war, diverging from Trump

Two Republicans in tight US Senate races called on Monday for a swift end to the war in Iran, the latest sign that vulnerable candidates are trying to put some

Seoul's green space is a battleground for its mayor and South Korea's president

A showdown over green space is pitting South Korean President Lee Jae Myung, who is trying to address a national housing crisis as his approval ratings slump,

Canada aims to cut time needed for project reviews, and address strikes

Canada on Monday unveiled draft legislation that would speed up the approval process for major natural resource projects, a

Key issues for this week's Trump-Xi summit in Washington

US President Donald Trump is hosting Chinese leader Xi Jinping for their second summit this year, as they seek stability in a relationship under

Bank of Korea to assess inflation, growth for rate hikes, board member says

A board member of the Bank of Korea said on Tuesday the central bank will determine the timing and pace of further interest rate hikes by closely assessing inflation,

Flights disrupted across the US Northeast due to technical problems at a key air traffic center

Technicians have repaired data lines that failed at a key regional air traffic control center, and all major airports in the New York area began resuming operations after hundreds of flight cancellations rippled through the Northeast

EU's Kallas says Red Sea mission needs more than 10 warships

The European Union's naval mission to protect shipping in the Red Sea would need to boost its numbers to more than 10 warships, its foreign policy chief

CNN's Paula Hancocks reports on latest Houthi claims about targeting Saudi Arabia

CNN’s Paula Hancocks reports on the latest Houthi attacks targeting Saudi Arabia, as well as a fire at King Khalid International Airport in Riyadh. The cause of the airport fire remains unclear, and Saudi authorities have not yet responded to CNN’s request for comment.

Moldovan leaders say will seek parliament's ok to declare energy, water emergency

Moldova's pro-European leaders said on Monday that they were asking parliament to declare a state of emergency for energy and water supply in

Not the time to soften stance over Belarus, Lithuania says

The European Union has no reason to ease sanctions on Belarus, Lithuania's foreign minister said on Monday, arguing that President Alexander

Trading Day: AI euphoria back with a bang

Stocks roared higher on Monday, with the Nasdaq coming within 0.02% of June's record high, as the bullish AI narrative burst back into life,

Texas Governor Abbott halts all state-issued permits for data centers until grid audit is complete

Texas Governor Greg Abbott on Monday barred the state's environmental agency from issuing new permits for data centers until

EU continues talks on renewal of Russia sanctions, diplomats say

European Union countries are continuing deliberations on a proposed deal what would lift sanctions on Russia-linked billionaires Alisher Usmanov and Mikhail Fridman but

Venezuelan delegation in NY seeks debt, energy deals

A Venezuelan delegation led by interim President Delcy Rodriguez that is taking part in the United Nations General Assembly this week began

UK to offer Saudi Arabia aerial refueling to counter Houthi attacks

Prime Minister Andy Burnham says Britain has agreed to provide limited military support to Saudi Arabia to repeal attacks by Iran-backed Houthi rebels in Yemen

Federal Reserve official says inflation persistence led her to support interest rate hike

A top Federal Reserve official says that stubbornly high inflation and the renewal of combat in the Middle East in August were key reasons she supported raising borrowing costs last week, when she also penciled in a second rate hike for later this year

Wall Street rallies within 0.4% of its record after oil prices and bond yields ease

Wall Street climbed to the edge of its all-time high, and stocks rallied worldwide after oil prices and yields in the bond market surrendered their market-rattling gains from last week

Trump administration sued over withheld federal grants for US community lenders 

A business advocacy group representing government-backed community lenders sued the U.S.

AI could boost LatAm, Caribbean economy 5.1% over a decade but wages may fall, IDB says

Adoption of artificial intelligence could leave economic output in Latin America and the Caribbean 5.1% higher after a decade, while its effect on wages

A carbon-credit land rush is hollowing out New Zealand farm country

 At the start of lambing season, Fiona Ramsden's farm near the New Zealand village of Pongaroa is a picture of rural life: newborn lambs trailing their

OpenAI calls for US to take lead in global efforts to develop technical standards

Artificial intelligence giant OpenAI called on Monday for the United States to lead an international effort to develop global technical

Trump says US is working on deal to purchase potash from Belarus

President Donald Trump said on Monday that Washington is working on a deal to purchase potash from Belarus for less than what the US currently pays to Canada.

Saudi's Ceer unveils first EVs in bid to build regional auto powerhouse

Saudi startup Ceer made public its first two fully electric vehicle models on Monday and said it will launch five more models by

A history of Warner Bros - from old Hollywood to streaming era

Paramount Skydance on Tuesday closed its $110 billion acquisition of Warner Bros Discovery, forming an entertainment giant named Skydance and putting CEO David Ellison in charge of

State attorneys general agree to settle Paramount merger lawsuit

State attorneys general agree to settle Paramount merger lawsuit

CNN, MS NOW and Politico sue Trump administration over White House access

CNN, MS NOW and Politico sue Trump administration over White House access

Oil price dips to $100 on hopes of US-Iran diplomacy, partial recovery in Saudi exports

Oil prices eased on Monday to their lowest level in 12 days, as investors hoped for diplomatic progress on the Iran war due to this

World Bank, IMF back changes to debt framework for poor countries

The World Bank and International Monetary Fund said on Monday that both their executive boards had approved proposed reforms of their joint framework

German institutes raise 2026 and 2027 economic growth forecasts, Handelsblatt reports

Germany's leading economic institutes have raised their forecasts for economic growth in Europe's largest economy for this year and next, Handelsblatt reported on Monday

Fed, BoE probe banks' exposure to trading firms after Jane Street loss, FT reports

The US and UK central

Is Germany’s leader Friedrich Merz doomed as far right wins again?

Is Germany’s leader Friedrich Merz doomed as far right wins again?

US lawmakers urge Trump to maintain ban on Chinese automakers

More than two dozen Democratic lawmakers on Friday urged President Donald Trump to keep in place a ban on Chinese automakers out of the US market, ahead of

IDB drafts two-year Venezuela plan, says electricity and social needs are key

The Inter-American Development Bank is drawing up a two-year engagement plan for Venezuela focused partly on electricity and social protection, IDB

Climate Week talks balance hope for clean energy against uncertainty over artificial intelligence

World and business leaders this week will grapple with the urgent costs of climate change

Moscow oil refinery in flames after Ukrainian strike, video posted by Zelensky shows

A Moscow oil refinery in the southeast of the capital is in flames after a Ukrainian strike early Sunday, video from Ukrainian President Volodymyr Zelensky's social media shows.

Operator of 314 Wendy's locations in the US files for bankruptcy protection

One of the largest U.S. franchisees for Wendy’s has filed for bankruptcy protection after the restaurant chain tried to terminate its franchise agreement

Qatar's wealth fund and JP Morgan Asset Management to launch $20 billion partnership

Qatar's sovereign wealth fund QIA and JP Morgan Asset Management plan to launch a $20 billion strategic partnership across public and private markets in

Mexico plans to boost US imports as part of trade treaty review, Sheinbaum says

Mexico is planning to buy more goods from the United States and reduce imports from other nations as part of the review of the US-Mexico-Canada (USMCA) trade agreement

Yen eases as potential for intervention eyed

The Japanese yen retreated on Monday and was set for its fifth decline in six sessions as investors were attuned to any signs of a possible currency

Global diesel prices hit record highs, further rises possible

Diesel prices have rallied in Europe and the United States to record highs as wars in Iran and Ukraine sharply cut exports from some of the

Bank of Canada says new US tariffs could slash fourth quarter growth

New US tariffs could slash Canada's fourth quarter growth to below 1%, reflecting a new wave of uncertainty that threatens to hit

Nasdaq hits record high as chipmakers fuel stock gains

The Nasdaq hit a record closing high on Monday, lifted by gains in Advanced Micro Devices and other AI heavyweights, while falling oil prices and long-

Far-left leader pushing to lead Berlin says city has voted for change

The far-left leader pushing to take over as mayor of Berlin promised on Monday to tackle unaffordable rents in the German capital, but faced early

Paramount settles with California, other states over Warner Bros merger, Bloomberg News reports

Paramount Skydance has reached a settlement with California and other states suing to block its $110 billion merger with Warner Bros Discovery, Bloomberg News reported on Monday,

Erosion of Germany's political centre exposes Merz's weakening grip on power

Germany's far right and far left both made big gains in Sunday's state elections, exposing yet again the erosion of the political centre in Europe's

Smart ring maker Oura eyes $15.6 billion IPO valuation in fall listings demand test

Oura kicked off the roadshow for its US initial public offering on Monday, targeting a fully-diluted valuation of $15.62 billion as the smart ring maker tests

Wall St opens higher as AI stocks advance, oil slides

Gains in AI stocks boosted the main US stock indexes on Monday, as Treasury yields retreated and crude prices tumbled more than 2% to hit an 11-day low on indications of progress

AMD joins $1 trillion club as chipmakers rally on AI-driven demand

Advanced Micro Devices soared past $1 trillion in market capitalization for the first time on Monday, joining a small group of chipmakers to

FBI says 35 potential new victims step forward in 'fake 49er' case

FBI says 35 potential new victims step forward in 'fake 49er' case

As cities prepare for 2026’s super El Niño, some crucial blind spots can’t be ignored

Aging levees and dams are only the beginning of the risks communities face. One of the biggest challenges is helping people manage the heat and storms.

Google fined $463 million for breaching EU rule on location data

Google has been fined 403 million euros for breaching the EU's privacy rules by mishandling users' location data

Aerospace suppliers test rare-earth alternatives to ease reliance on China

Rare earth shortages are pushing some suppliers of aerospace companies to revisit decades-old turbine coating formulas once considered

UK's Burnham heads to US with pragmatism in mind for Trump meeting

Prime Minister Andy Burnham will argue on Tuesday for Britain to play a leadership role on AI, in a speech capping his first foray into global

Fed's Goolsbee says strong demand may be adding to US inflation

US inflation may have moved beyond the tariff and energy prices shocks of the last 18 months and is now being driven by strong demand as well,

Swiss business groups pressure parliament over UBS capital rules before vote

Swiss business groups have weighed into the debate on tougher capital rules for UBS, writing to lawmakers to lobby against what they say risks being "excessive" regulation

As lines grow at banks, Cuba tiptoes away from communism but stability seems distant

Víctor Rodríguez, a 72-year-old retiree, rose before dawn to nab his spot in line at a bank in Havana several kilometers from his home.

Brazil economists cut end-2026 interest rate forecast to 13.50%

Private-sector economists polled weekly by Brazil's central bank lowered their estimate for the country's benchmark interest rate at the end of 2026, now expecting one

China expels two top generals from party and military, alleging disloyalty and corruption

China has expelled two top military leaders, Zhang Youxia and Liu Zhenli, from the Communist Party and the military, an official announcement showed on Monday, citing

Drug developer ADARx seeks $1.74 billion valuation in US IPO

ADARx Pharmaceuticals, which develops RNA-based drugs for rare diseases, said on Monday that it was targeting a valuation of up to $1.74 billion, as it joins a

Merz clings on after German election 'disaster'

Chancellor Friedrich Merz was clinging to power on Monday after his conservative party tumbled to its worst regional election defeat

Novo says CagriSema shows greater weight loss than Lilly rival in diabetes patients

Novo Nordisk said on Monday its next-generation experimental drug, CagriSema, delivered an estimated average weight loss of 12.4% in a late-stage trial in patients with diabetes,

What to expect at the UN General Assembly, the biggest event in world diplomacy

What to expect at the UN General Assembly, the biggest event in world diplomacy

Republicans target Las Vegas congressional district with help from Trump's 'no tax on tips' policy

In Nevada's most competitive congressional district, Democratic Rep. Susie Lee is fending off a challenge from Republican candidate Marty O'Donnell, who has focused his campaign on the popular “no tax on tips” policy

The housing market is shifting toward buyers. They’re still not feeling it

The housing market is shifting toward buyers. They’re still not feeling it

Global diesel shortage likely to last into 2027 as storage tanks drain

A global diesel shortage fueled by wars in Iran and Ukraine is unlikely to ease before next year, according to storage market

German inflation to stay high, growth has slowed, Bundesbank says

Inflation in Germany is set to remain elevated for some time due to higher energy costs linked to the Iran conflict and healthcare reforms due next year, the Bundesbank

China's Xi chairs Politburo; Central Committee plenum set for October 26-29

China's Politburo held a meeting on Monday, the official Xinhua news agency reported, with President Xi Jinping chairing discussions on internal party governance and

LNG buyers and sellers seek greater supply diversity amid Iran war

LNG buyers are looking to diversify sourcing as the US-Israeli war against Iran cuts Gulf shipments, with importers seeking

Volkswagen to ramp up restructuring after profit warning

Volkswagen will ramp up its restructuring programme, the head of its core brand said on Monday as German auto workers staged

Meta data center boosts Alberta appeal for hyperscalers, Capital Power says

Meta's plan to build a C$13 billion ($9 billion) data center in Alberta has boosted the Canadian province's appeal for hyperscalers, who see it as a

Summiteering

After a turbulent week of central bank tightening, markets now turn to diplomacy - or at least top-level summits - as world leaders gather at the United Nations

AI gains' distribution will shape inflation, ECB's Panetta says

Central banks need to understand who benefits from artificial intelligence-driven gains, as their distribution will help shape aggregate demand and inflation, European

Porsche CEO assures staff no further job cuts planned, according to memo

Porsche CEO Michael Leiters told staff there were no plans to cut an additional 4,000 jobs at the Volkswagen sports car subsidiary, according to an internal memo seen by

South Korean opposition lawmaker warns on risks in US investment package

A South Korean opposition lawmaker called on Monday for parliamentary scrutiny of Seoul's planned US investment package, warning that negotiations over energy

US spirits maker Sazerac launches takeover bid for Germany's Berentzen

US spirits maker Sazerac on Monday launched a takeover offer for all shares of beverage firm Berentzen for €5.55 ($6.37) apiece, which is supported by Berentzen's supervisory and

Australia warns of risks from ageing population, falling birth rates

Australia forecast on Monday that deaths would exceed births for the first time in the 2060s, a demographic shift with far-reaching implications for an economy grappling

China slows humanoid robot IPO rush as hype outruns reality

Chinese regulators are putting the brakes on a rush of humanoid-robot companies seeking listings, people familiar with the matter said, as they scrutinise whether soaring

New Zealand's Peters urges strong US role in Pacific

New Zealand Foreign Minister Winston Peters warned on Monday of a more troubled and unsettled world, calling for the United States to be engaged in the

More oil is flowing, depending on who you ask

A look at the day ahead in European and global markets from Wayne Cole.

Five takeaways from Germany's regional elections

Elections in two German states on Sunday resulted in severe losses for the country's leading Christian Democrats, whose Chancellor Friedrich Merz is facing

ICE agent shoots and wounds man in Austin, Texas, officials say

Local authorities say a U.S. Immigration and Customs Enforcement officer shot and wounded a man in Austin, Texas, where anti-ICE protesters gathered for hours

How Trump and Xi went from tariff war to trade truce

Chinese leader Xi Jinping is set to meet US President Donald Trump at the White House on Thursday for talks aimed at keeping a fragile trade truce that is due to expire in

Trump shattered Canada’s old US relationship. Carney is building a new one in Europe

Canadian Prime Minister Mark Carney is moving to reduce his country's dependence on the United States as President Donald Trump applies tariffs and other economic pressure to the U.S. longtime ally

Bessent proposes US-China AI safety notifications in talks with Chinese vice premier

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng concluded talks in New York on Sunday with the US side

Trump decries Democrats as 'communists,' even as he looks to impress China's communist leader

President Donald Trump says that communism is the greatest threat the U.S. has ever faced

Iran and Trump exchange fresh warnings as Saudi-Houthi conflict escalates ahead of key UN gathering. Here’s what to know

Iran and Trump exchange fresh warnings as Saudi-Houthi conflict escalates ahead of key UN gathering. Here’s what to know

Europe faces Q4 jet fuel supply deficit even as South Korea becomes latest big supplier

Europe faces a fourth-quarter jet fuel deficit, even as it turns to far-flung suppliers including South Korea, which is set to boost its jet

18 suspects accused in the July 2021 killing of Haiti's president being extradited from Haiti to US

Eighteen suspects who were arrested in the July 2021 killing of Haitian President Jovenel Moïse are being extradited to the U.S. It marked the end of a drawn-out judicial process in Haiti for a killing that shocked the troubled Caribbean country

Trump administration prepares sanctions against International Criminal Court, sources say

President Donald Trump's administration has prepared sanctions against the entire International Criminal Court and plans to

Suspects in 2021 killing of Haitian president flown to US to face trial

(This Sept 20 story has been republished, with no changes to text.)

Merz vows to press ahead with reforms after historic German state election defeat

German Chancellor Friedrich Merz has faced a major electoral setback in two state elections including a historic defeat for his party

PGA Tour gig helps laundry business pay bills and rebuild momentum

PGA Tour gig helps laundry business pay bills and rebuild momentum

Fed's Kashkari says inflation is still too high in 'all aspects' of US economy, in Fox News interview

Minneapolis Federal Reserve President Neel Kashkari said on Sunday that inflation is too high across all sectors of the US economy, not just in rising oil prices.

A delivery company founded by Arabs takes on its competition in Israel

A delivery company founded by Arabs takes on its competition in Israel

Palestinian gunman shoots dead Israeli in the West Bank, soldiers kill motorist

Violence flared in the occupied West Bank on Sunday when a suspected Palestinian gunman shot dead an Israeli man, police said, and Israeli soldiers killed

Federal Reserve rate hike reflects new world of sticky inflation and faster growth

President Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than broader economic trends when it comes to longer-term borrowing costs, economists say

Billionaires abound in California. Why not tax their wealth?

No state may be a more natural fit for a tax on billionaires than California.

Rising gas prices frustrate voters. Trump says it's an 'inexpensive price to pay' for the Iran war

Voters across the nation say skyrocketing gas prices are causing financial hardships for their families

Saudi, Gulf stocks fall after Houthis claim Riyadh attacks

Saudi Arabia's stock market fell on Sunday, a day after Yemen's Houthis said they struck "sensitive" targets in Riyadh with missiles and drones, with the subdued

Three dead in Moscow region, drones hit oil refinery in Russian capital

The largest Ukrainian drone attack reported so far on the Moscow region killed three people and damaged part of an oil refinery in the capital, authorities said on Sunday,

North Korea launches 2 ballistic missiles toward the sea and dials up pressure on the US

South Korea’s military says North Korea launched two short-range ballistic missiles toward the sea

Trump’s sanctions, inflation and a collapsing economy leaves Iran’s sick exposed

Trump’s sanctions, inflation and a collapsing economy leaves Iran’s sick exposed

Germany's IW institute triples growth forecast for 2026

Germany's economy is set to grow by nearly 1.2% in 2026, helped by stronger exports and government spending in the first half, according to new forecats

Malaysian ex-PM Najib working on conditions to start house arrest, his lawyers say

Malaysia's jailed former prime minister, Najib Razak, is working to fulfil the conditions to leave jail and begin his house arrest, including paying a 50-million-ringgit

Trump used to slam China. Here's why he's now rolling out the red carpet for Xi

When Donald Trump ran for office a decade ago, he called China a menace to the U.S. economy

Saudi Arabia says Houthis tried to attack its capital, and other Mideast developments

Saudi Arabia has confirmed that Yemen’s Houthi rebels tried to attack its capital with a ballistic missile

Brazil's Petrobras board approves joining diesel subsidy program

Brazilian state-run oil firm Petrobras said on Saturday that its board approved the company's participation in a new government subsidy program for diesel oil producers,

US Treasury's Bessent, China's He to meet on Sunday at JPMorgan headquarters

US Treasury Secretary Scott Bessent will meet with Vice Premier He Lifeng on Sunday at JPMorgan Chase headquarters in New York to discuss AI security, trade and other economic

America In Focus: Affordability concerns rise as Fed hikes key rate, mortgage rate reaches nearly 7%

The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year

French finance ministry expects record debt in 2026, reaching nearly 120% of GDP

France's debt is expected to reach a record high of 119.3% of output in 2026, with a projected debt-to-GDP ratio of 121.7% in 2027, the finance ministry said on Saturday, in

Wall Street week ahead: housing market, unemployment updates

Wall Street will get a key update this week on the U.S. housing market, along with an unemployment update

Russia-backed South Ossetia elects leader close to Moscow

A former Russian federal official has been elected president of South Ossetia, a Russia-backed breakaway region of Georgia, in a vote Moscow hailed on

UN peacekeeping chief in Lebanon says smooth transition is critical before pull-out

The head of United Nations peacekeepers in Lebanon said on Saturday it was critical to ensure other UN agencies and Lebanese troops could

Porsche could face another 4,000 job cuts, Handelsblatt reports

Volkswagen's sweeping turnaround plan foresees more than 4,000 further job cuts at Porsche, German business daily Handelsblatt reported on Saturday, following a profit

Canada optimistic about concluding trade talks with India by year-end, minister says

Canada is optimistic about concluding negotiations on a comprehensive economic partnership agreement (CEPA) with India by year-end, the country's minister for

Voting groups sound alarm on funding shortfalls that they say could affect midterm turnout

Several of the nation’s largest left-leaning voter engagement and racial justice organizations are facing steep funding shortfalls and staffing cutbacks

Warren Buffett found the most boring way to bet on AI

Warren Buffett found the most boring way to bet on AI

This nuclear plant was meant to free Cuba from dependence on oil. Now, it’s a symbol of its shattered dreams

This nuclear plant was meant to free Cuba from dependence on oil. Now, it’s a symbol of its shattered dreams

Oil prices are high but could be much worse. Trump has China's Xi to thank for that

President Donald Trump’s conflict with Iran has not led to the doomsday oil price spike many feared at the start of the war

US Treasury's Bessent to discuss AI, rare earths with China's He, source says

US Treasury Secretary Scott Bessent plans to discuss AI, trade, rare earths and economic issues when he meets with Chinese Vice

Trump extends push for $100,000 H-1B visas by another year

President Donald Trump has extended an executive order that would impose a fee of $100,000 for H-1B non-immigrant visas by another year, the White

US and Denmark reach deal on Greenland, Trump says

The United States, Denmark and Greenland have entered into an agreement for the US to develop a

Trump will be at the airport to greet Xi when China's leader arrives for his US state visit

The first state visit by the leader of China in more than a decade takes place next week when President Xi Jinping arrives in Washington for high-stakes talks at the White House with President Donald Trump

Bolivia approves $1.9 billion IMF deal, eliminates diesel subsidies

Bolivia’s conservative government has won congressional backing for an international loan and moved to end diesel subsidies, risking political backlash

Trump says his son paid back Russian billionaire who funded parts of wedding celebration

Trump says his son paid back Russian billionaire who funded parts of wedding celebration

Oracle's $18 billion data center debt under pressure, FT reports

About $18 billion in loans tied to an Oracle-leased data center in New Mexico has come under pressure, with loans quoted at 89 to 91 cents on the dollar by syndicate banks

Trump signs Russia sanctions bill into law

US President Donald Trump on Friday signed the sweeping Russia sanctions bill into law, the White House said in a statement, paving the way for increased economic

Morgan Stanley private credit fund redemption requests remain elevated in third quarter

Withdrawal requests at a Morgan Stanley private credit fund remained elevated in the third-quarter repurchase offer, according to a regulatory filing on Friday, as the investment

Trump plans to greet Xi at airport on arrival, officials say

US President Donald Trump plans to greet Chinese President Xi Jinping at Joint Base Andrews, at the airport of the military base just outside Washington, DC, on his

Trump to meet with Venezuela's interim president Rodriguez in New York on Tuesday

US President Donald Trump will have a meeting with Venezuela's interim President Delcy Rodriguez in New York on Tuesday, a senior US

Cuba hit with another blackout as millions across the island are left without electricity

Cuba’s power grid has collapsed, leaving millions of people across the island without electricity

Trump signs sweeping Russia sanctions bill, aiming to choke off funds for Moscow in Ukraine war

President Donald Trump has signed a major sanctions package targeting Russian officials and key sectors of its economy

Widespread sexual violence in Ukraine war, most cases tied to Russia, says UN report

Russian forces committed widespread sexual violence against civilians and prisoners of war in Ukraine, including gang rape and electric shocks to the

Potential Democratic candidates race to respond to AI threat amid Trump's dismissals

Amid growing panic over the risks posed by rapidly developing AI technology, potential 2028 Democratic candidates are scrambling to respond — trying to show they are doing something, even as they acknowledge they need a reluctant Washington to step up

Russia sanctions bill gives Trump sweeping new tariff powers

The Russia sanctions bill signed into law by US President Donald Trump on Friday gives him new powers to impose tariffs that could last well beyond his

Nvidia-backed AI cloud firm Nscale reveals revenue surge in US IPO filing

Nscale, a British cloud provider backed by chip giant Nvidia, said on Friday its revenue surged 1,252% in the first half of 2026, as it looks to tap investor

Iran war’s cost grows to $43.6 billion in new US military estimate

The U.S. military’s price tag for the Iran war has grown to $43.6 billion as of Sept. 3

Trump announces all 50 states joining Medicaid drug pricing model

President Donald Trump announced that all 50 states will join a program to provide Most Favored Nation pricing for some Medicaid drugs

Wall Street drifts lower as bond yields rise and oil prices swing

Wall Street closed out an up-and-down week with a mixed finish for U.S. indexes as bond yields rose and oil prices swung

Weil, Gotshal & Manges eyes merger options after rainmakers exit, Bloomberg News reports

Law firm Weil, Gotshal & Manges is considering options for its future, including a potential merger with a competitor, Bloomberg News reported on Friday, citing people with

All 50 states sign up for Trump's Medicaid most-favored-nation plan

US President Donald Trump said on Friday that all 50 states, the District of Columbia and Puerto Rico will participate in his most-favored-nation

Major US airlines oppose Air China bid to schedule additional US flights

A group representing major US airlines said on Friday it opposes Air China's bid to schedule additional flights from Beijing to New York and

Bolivia approves $1.9 billion IMF deal in hopes of accessing external financing

Bolivian lawmakers approved an agreement on Friday that will allow the South American country to access $1.9 billion in financing from the International Monetary Fund (IMF)

FedEx, Advent-led consortium secures over 89% of InPost shares in takeover offer

Polish parcel locker operator InPost said on Friday that 89.81% of its shares had been tendered in the offer from a consortium made up of FedEx, Advent International and other

S&P 500, Nasdaq advance, turning the page on a tumultuous week

Wall Street closed a volatile week on a muted note on Friday as benchmark US Treasury yields topped 5%, while crude prices reversed

Judge rules EPA illegally terminated $7 billion solar program intended to help poorer Americans

A federal judge in Rhode Island has ruled that the Trump administration illegally terminated a $7 billion Solar for All program intended to make solar power accessible to more than 900,000 lower-income Americans

Volkswagen crisis worsens with $11.5 billion profit warning, largely due to Porsche struggles

Volkswagen on Friday flagged €10 billion ($11.5 billion) in one-off costs, mostly at struggling sports car brand Porsche ,

Top NATO commander joins briefing on review of US defence engagement in Europe

NATO's top commander, US Air Force General Alexus Grynkewich, took part in a virtual briefing  on Friday for Pentagon policy chief Elbridge Colby on potential approaches

Berkshire Hathaway looks to keep culture intact as Howard Buffett ascends

Berkshire Hathaway has been synonymous with Warren Buffett.

Troubled Australian developer Bathla granted one-year extension to complete projects

Debt-riddled Australian developer Bathla Group received a one-year extension on Friday to complete unfinished projects that were left in limbo when it entered

Virginia tightens data center restrictions amid political backlash

The US state of Virginia is tightening permitting, commercial and environmental controls on data centers as political backlash grows against the server warehouses and the

Who is Howard Buffett, Berkshire Hathaway's new chairman?

Berkshire Hathaway said Howard Buffett would become the chairman of the $1.1 trillion conglomerate, succeeding legendary investor Warren Buffett, who would become chairman emeritus

US CDC works on standard definition for measles deaths as cases rise

The US Centers for Disease Control and Prevention is working with the Council of State and Territorial Epidemiologists to develop a standardized case definition for measles deaths,

Global shares edge higher as central banks double down on inflation fight

An index of global equity markets edged higher on Friday, as losses in Europe were partly offset by late gains on Wall Street,

Report finds 'culture of risk aversion' hindered oversight of SVB, Fed official says

A "culture of risk aversion" among examiners contributed to the collapse of Silicon Valley Bank rather than relaxed oversight, a top Federal Reserve

Report faults Fed staff for epic failure of Silicon Valley Bank

Report faults Fed staff for epic failure of Silicon Valley Bank

‘World’s best airline’ for 2026 is named

‘World’s best airline’ for 2026 is named

US factory production falls in August; outlook clouded by rising costs

US factory production unexpectedly fell in August and higher oil prices and rising interest rates could offset some of the support from an artificial

S&P 500, Nasdaq open higher as oil prices fall

The benchmark S&P 500 and the tech-heavy Nasdaq indexes opened slightly higher on Friday, while the Dow was flat as investors digested conflicting signals from lower oil prices and

EU banks must be bigger, have deeper capital market, to compete with US, say top EU officials

European banks need greater scale and deeper capital markets if they are to compete with US rivals, senior European

Fed's Bowman says overhaul of bank stress test will make process more transparent

The Federal Reserve's top regulatory official said on Friday the US central bank will soon finalize an overhaul of its "stress test" of big banks to

Mexico's Sheinbaum says working towards a trade deal with Trump

Mexican President Claudia Sheinbaum said on Friday her government is doing everything in its power to reach a trade deal with

Warren Buffett gives up chairman title at Berkshire Hathaway in the next step of his succession plan

Warren Buffett is stepping down as chairman of Berkshire Hathaway in the next step of the transition at the top of the $1 trillion conglomerate he led for more than six decades

Tell us: Have you changed jobs recently? Did you have to take a pay cut?

Tell us: Have you changed jobs recently? Did you have to take a pay cut?

High stakes, low bars

World markets have another high-stakes week in store, with a summit between the US and Chinese presidents in Washington and the United Nations General Assembly taking place against

Investors focus on rate path, AI slowdown after Fed hike

US stock investors will focus next week on the trajectory of interest rates, tensions in the Middle East and fresh calls to slow AI advancement as they

Zelenskiy launches 'Carpathian Eight' initiative on trade, security

President Volodymyr Zelenskiy launched on Friday a new regional grouping of eight countries from the Carpathian region of central and eastern Europe, at a summit in Ukraine

Global rate-hike cycle in view as central banks take on inflation

The prospect of a new global interest rate-tightening cycle is coming into view as some of the world's top central banks raise rates and signal more

Italy's debt burden rising at alarming rate, economy minister says

The cost of servicing Italy's public debt is rising at "an alarming rate" in the wake of geopolitical tensions, Economy Minister Giancarlo Giorgetti said on

Curfew imposed in Nigerian city after protests over deaths of detained miners

Authorities imposed an overnight curfew in Nigeria's central city of Minna on Friday after security forces opened fire as hundreds of people took to the streets to

Record US diesel prices squeeze farmers; food prices may rise

In northeast Missouri, Addie Yoder, a corn, soybean and cattle farmer, runs two combines, three semi-trucks and

Putin envoy and far-right AfD prepare talks to get Russian gas back for Germany, sources say

Russian President Vladimir Putin's top economic envoy and Germany's far-right AfD leadership have begun preparations to meet next year to discuss

Europe's AI firms, playing catch-up, challenge US calls for slowdown

Europe's leading AI company Mistral and others have accused US rivals of using safety concerns to entrench

Warren Buffett steps down as Berkshire chairman, replaced by his son Howard

Warren Buffett stepped down on Friday as chairman of Berkshire Hathaway, ending more than six decades building the conglomerate and making

Nepal isn’t the only disaster-struck country waiting for money from the global climate Loss and Damage Fund

At least 119 countries have asked for aid from the fund set by major greenhouse gas emitting nations four years before the deadly Nepal flood. It has paid zero claims.

Deadly US strike on Iran school may have been a war crime, UN report finds

Deadly US strike on Iran school may have been a war crime, UN report finds

College sports bill inches ahead in the Senate even as Congress punts other issues

Congress has struggled to pass major legislation this year, putting off debates on spending, defense, cryptocurrency and artificial intelligence

Kremlin seizes Nestlé’s assets in Russia as crackdown on private business grows

Kremlin seizes Nestlé’s assets in Russia as crackdown on private business grows

Investors buy US stocks at fastest pace in three months, BofA says

Investors poured money into US stocks at the fastest pace in three months and yanked cash from corporate bonds in the latest week, according to a Bank of America Global

Some Brazilian voters are feeling burned by fintech revolution  

Alice de Queiros was earning little more than Brazil's minimum wage of around $300 when Nubank, Latin America's largest

US weighs allowing most pharma licensing deals with China, sources say

The US is working on rules for pharmaceutical companies investing in China that would likely preserve their ability to strike most licensing deals for

Nestle weighing all options after Kremlin moves to seize Russia business

Nestle said on Friday it was weighing all options to protect its rights after the Kremlin's decision to take control of the Swiss food maker's Russian

Apocalypse later

Warnings of machine-driven human extinction kicked off the week, but the market's attention quickly turned to more prosaic matters, namely Middle East energy

Niche metals test West's resilience to Chinese export curbs

Three years on from China curbing exports of two niche metals vital to the chipmaking, clean energy and defence sectors, the West is still feeling the price

Thailand to extend its consumer subsidy programme, PM says

Thailand will extend its consumer subsidy programme using 40 billion baht ($1.20 billion) remaining from the first phase, Prime Minister Anutin Charnvirakul said on Friday

What's next for Trump's aluminum smelter project in Oklahoma?

US President Donald Trump's goal of building a large aluminum smelter in Oklahoma passed a major hurdle in late August when Republican voters nominated a

US equity funds post fourth weekly outflow on inflation worries, rate concerns

US equity funds recorded outflows for a fourth consecutive week in the week to September 18, as rising crude oil prices heightened inflation concerns and expectations of a Federal

Nearly 2 years after Helene, some bridges still await repairs in western North Carolina

Nearly 2 years after Helene, some bridges still await repairs in western North Carolina

EU chief floats 'associate membership' for Canada. But that doesn't exist yet

European Commission President Ursula von der Leyen has proposed making Canada the first "associate member" of the European Union

SK Hynix's Solidigm unit is weighing NAND memory chip factory in US, sources say

Chipmaker SK Hynix's subsidiary Solidigm is considering building a NAND flash memory chip factory in the US, with

Euro zone consumers nudge up inflation expectations, ECB poll shows

Euro zone consumers nudged up their inflation expectations last month, a European Central Bank survey showed on Friday, likely reflecting a new spike in fuel prices

China Rare Earth Group in talks to buy MP Materials shareholder Shenghe Resources, sources say

State-owned China Rare Earth Group is in talks to acquire Shenghe Resources, said two sources with knowledge of the matter, a move that would consolidate Beijing's control over the

Toyota estimates factory automation could cost $6.4 billion per year from 2028

Toyota Motor estimates it could cost 1 trillion yen ($6.4 billion) annually from 2028 to modernise its factories as the world's biggest carmaker accelerates automation and

China's January-August fiscal revenue up 5.7% year-on-year

China's fiscal revenue rose 5.7% in the first eight months of 2026 from a year earlier, finance ministry data showed Friday, slightly down from a 5.8% growth in the

Jet financiers fret as Iran war pumps up fuel and borrowing costs

Soaring fuel and borrowing costs have overtaken aircraft shortages as the biggest concern for jet financiers, delegates at a major industry meeting said

Australia’s new visa rules will force backpackers to join a lottery to stay longer

Australia’s new visa rules will force backpackers to join a lottery to stay longer

China set to keep loan rates steady for 16th consecutive month in September

China is widely expected to leave benchmark lending rates steady for a 16th consecutive month in September, a Reuters survey showed, as policymakers remain cautious about

Berlin's acute housing shortage and soaring rents dominate city election

Berliners cycle, picnic and fly kites on the city's vast former Tempelhof airfield that opened as a park in 2010, yet developers are circling and whether

BOJ Governor Ueda's comments at news conference

The Bank of Japan raised interest rates to a 31-year high on Friday and signalled its readiness to keep pushing up borrowing costs, joining other major central banks in fighting

Barclays, UBS back BoE hikes as inflation risks mount

Barclays and UBS Global Research expect the Bank of England to hike interest rates as soon as November, saying rising inflation risks point to a quicker resumption of

Rising oil, rates and yields brew up stagflation cocktail for markets

The surge in energy and global borrowing costs as a result of

Volkswagen to recall over 208,700 US vehicles over steering rack bolt defect, NHTSA says

Volkswagen is recalling 208,724 vehicles in the US due to a faulty steering rack bolt that could break and cause a loss of steering control, the US National Highway Traffic Safety

Canada, EU face limits to relationship after symbolic EU overture to Carney

Canadian Prime Minister Mark Carney secured this week an offer to become the European Union's first associate member, a mostly symbolic victory in his

South Korea's Lee rules out military involvement in Middle East conflict

South Korean President Lee Jae Myung said on Friday he would not deploy military assets to the Middle East in a way that could draw the country

BOJ struggling to keep pace with hiking partners

A look at the day ahead in European and global markets from Tom Westbrook The Bank of Japan raised interest rates, as expected, though it knocked the yen by sounding a fraction less hawkish than its

Immigration crackdown puts Australia's wheat harvest at risk, industry groups say

A crackdown on immigration could cause labour shortages across the agricultural sector and threaten the upcoming wheat harvest, Australian farm groups

China's CXMT eyes flash-memory push amid global shortage; firm to take on Samsung, YMTC

Chinese chipmaker CXMT is preparing to enter the booming flash memory chip market dominated by Samsung Electronics and other foreign rivals, three people with knowledge of the

Apple Pay eyes India rollout with Axis Bank, sources say

Apple is poised to launch Apple Pay in India next month with Axis Bank's credit cards, three sources familiar with the matter said

ECB's Vujcic cools oil-fuelled bets on rate hikes

Market bets on further European Central Bank rate hikes are being driven largely by higher energy prices but policymakers will look at a much wider

US officials make rare trip to Myanmar to free former marine as isolated regime seeks greater recognition

US officials make rare trip to Myanmar to free former marine as isolated regime seeks greater recognition

BOJ raises interest rates to 31-year high in widely expected move

The Bank of Japan raised interest rates to a 31-year high of 1.25% on Friday in a widely expected move to forestall risks of inflation overshooting its 2% inflation target.

What commodity markets can expect from the Trump-Xi summit

Trade in agriculture, energy and rare earths has become major bargaining chips in the trade war between the United States and China and are likely to

Hyundai Motor CEO warns of Chinese vehicle surge in the US without guardrails

Hyundai Motor CEO Jose Munoz warned on Thursday that the US could face a similar wave of Chinese auto imports that has

Moody's raises India fiscal 2027 GDP growth forecast to 7% on Middle East resilience

Credit ratings agency Moody's on Friday raised India's real GDP growth forecast to 7% from 6% for the current fiscal, citing its resilience amid the Middle East conflict.

Indonesia welcomes its first aircraft carrier, prompting debate over cost and military ambitions

Indonesia is welcoming its first aircraft carrier, the former Italian Navy vessel ITS Giuseppe Garibaldi, marking a major step in President Prabowo Subianto’s military modernization drive

How Bessent, America's bond salesman, cornered Japan on big spending

When Japanese finance minister Satsuki Katayama called Scott Bessent for help to support the cratering

New Zealand says it has not held talks with EU about becoming associate member

New Zealand has not had any discussions with the European Union about becoming an associate member, a spokesperson for New Zealand

Australia's central bank chief warns inflation risks materialising

Australia's top central banker said on Friday some of the upside risks to inflation flagged by policymakers appeared to be

Screwworm infests US horse before port reopens to Mexican livestock

The U.S. confirmed a case of New World screwworm in a horse in New Mexico on Thursday, as the federal government prepared to resume imports of Mexican

A Chinese woman crossed the border for a concert. It could cost her family their welfare

A Chinese woman crossed the border for a concert. It could cost her family their welfare

EU chief von der Leyen invites Canada to become first associate member of bloc

European Union chief Ursula von der Leyen made a significant invitation on Wednesday, saying she was taking the steps to welcome Canada as the EU’s first ever associate member. As relations between both the EU and Canada have come under strain during the Trump presidency, European leaders and Canadian Prime Minister Mark Carney have been taking steps to deepen the friendship between Canada and the EU.

Starbucks settles Florida lawsuit claiming diversity policies were illegal

Starbucks agreed on Thursday to settle a discrimination lawsuit by the state of Florida, pledging not to adopt race- or sex-based quotas or preferences in hiring

GE Aerospace says CPP deal not a blueprint for broader integration

GE Aerospace does not see broad vertical integration as the answer to aerospace supply-chain constraints, Chief Financial Officer Rahul Ghai said on Thursday, after the

EU to disburse €3.3 billion to Ukraine to procure missiles and drones, von der Leyen says

European Commission President Ursula von der Leyen said on Thursday the European Union will disburse €3.3 billion to Ukraine on Friday to procure missiles and drones.

JP Morgan says it has no clear oil market endgame as Iran conflict drags on

JP Morgan said on Thursday that it does not have a clear baseline view for oil markets for the first time since the start of the US-Israeli war on Iran.

Saudis and Houthis exchange strikes, Yemenis flee by boat as Middle East war spreads

Saudi Arabia and Yemen's Iran-backed Houthis exchanged fresh strikes across their border on Thursday and Yemenis took to

Trading Day: Lower oil, yields boost stocks  

World stocks paused their recent slide and rebounded strongly on Thursday, and the global bond rout also took a breather, as investors digested

Floodwater overwhelmed pump at Exxon Mobil's Joliet, Illinois refinery; facility remains offline following outage

Exxon Mobil said floodwater overwhelmed a pump at its 275,000-barrel-per-day refinery in Joliet, Illinois, according to a filing on Thursday.

US stocks rally to their best day in 6 weeks after oil prices and bond yields ease

The U.S. stock market rallied to its best day in six weeks after oil prices fell and pressure from the bond market eased

Russia and China veto US proposal for UN experts to keep monitoring sanctions on Iran

Russia and China have vetoed a U.N. resolution that would have authorized U.N. experts to keep monitoring sanctions that were reimposed against Iran over its nuclear program

Putin says Russia's 2027 budget deficit seen at around 2% of GDP

Russian President Vladimir Putin said on Thursday the country's budget deficit was projected to be around 2% of gross domestic product in 2027.

Tech leads Wall St to higher close as oil eases, Treasury yields dip

Wall Street bounced back on Thursday as easing oil prices, dropping US Treasury yields and solid labor data helped markets move

US sanctions Cuban nickel reserves, military enterprises

The United States imposed sanctions Thursday on 11 Cuban entities related to nickel reserves and military enterprises that it said were part of a system that enriched the elite,

Brazil's Lula boosts welfare payments, eyes new debt-relief push ahead of election

Brazil's leftist government on Thursday announced a 15% increase in benefits under the country's flagship welfare program, which

World stocks rebound, Treasury yields retreat after Fed, BoE decisions

Global shares rose and Treasury yields fell on Thursday following the US Federal Reserve's interest-rate increase and what is expected to be a similar

Amway, affiliates to pay $225 million to settle US claims they deceived recruits

Multilevel marketing company Amway Corp and two of its affiliates will pay the Federal Trade Commission and Washington State $225 million to resolve allegations it

AI infrastructure provider Crusoe valued at $30.9 billion in latest funding round

AI infrastructure provider Crusoe said on Thursday it has raised $3.9 billion at a post-money valuation of $30.9 billion, as demand for computing capacity to power AI workloads

US approves visas for top Iranian leaders to attend UN high-level meeting even with sides at war

The Trump administration has approved visas for top Iranian officials to attend next week’s U.N. General Assembly high-level session in New York despite the two countries being at war

Trump’s transactional presidency takes a more brazen turn

Trump’s transactional presidency takes a more brazen turn

Why the Federal Reserve is lifting rates now, and what it means

About six weeks ago, Federal Reserve Chairman Kevin Warsh announced that a divided central bank was keeping its key interest rate unchanged

Dartmouth Health eliminates 124 positions, cancels 303 open jobs

Dartmouth Health eliminates 124 positions, cancels 303 open jobs

Man accused of ties to bin Laden and tortured after 9/11 has 20-year Guantanamo detention reviewed

A man initially accused of being a high-profile al-Qaida figure and who was tortured in CIA custody has appeared at a hearing to review his detention

Budget cuts hit police and fire departments as candidates clash over public safety

Budget cuts hit police and fire departments as candidates clash over public safety

New Hampshire to receive $10 million to combat veteran homelessness 

New Hampshire to receive $10 million to combat veteran homelessness 

GM doubles down on diesel pickups as rivals tap hybrids

General Motors is sticking with a diesel engine to maximize fuel efficiency as it rolls out a next-generation pickup truck, diverging from rivals’ hybrid offerings. 

Nebius hikes AI cloud prices again as demand for computing power soars

Cloud provider Nebius said on Thursday it will raise pay-as-you-go prices for leasing selected Nvidia chips from October 1, marking the company's second price hike in three months.

Oil falls 1% as investors watch Middle East supply disruptions 

Oil prices settled about 1% lower on Thursday, but stayed above $100 a barrel, as investors weighed the disruption from strikes by Saudi Arabia and

France plans €54 billion savings drive as protests grow

France's government plans to include a €54 billion savings drive in its 2027 budget to stop the fiscal deficit spiralling out of control,

Republican candidate in Florida warns Trump his immigration agenda has 'gone too far'

A Latina Republican lawmaker facing a competitive reelection race in Florida warned US President Donald Trump on Thursday that his signature

Amazon, Walmart chatbots attract senator ire over 'made in USA' label snags

Two US senators have called on the Federal Trade Commission to investigate Amazon and Walmart, claiming that their AI shopping chatbots may suppress "made in the

Hundreds of Missourians rally for pause of data center development, man arrested

Hundreds of Missourians rally for pause of data center development, man arrested

California first responders urge Newsom to sign bill lowering retirement age, boosting pensions

California first responders urge Newsom to sign bill lowering retirement age, boosting pensions

Airlines are cutting cheaper flights amid latest jet fuel spike

Airlines are cutting cheaper flights amid latest jet fuel spike

Mortgage rates climb for fourth-straight week to hit highest level since Trump took office

Mortgage rates climb for fourth-straight week to hit highest level since Trump took office

A tip about a swerving van leads police to 66,000 US silver coins in a fraud case

Police investigating a money laundering case in Norway have recovered thousands of U.S. silver coins

Major central banks on tightening path amid energy price shock

Major central banks are on a tightening path, with the Federal Reserve recalibrating its policy to a more restrictive stance on Wednesday,

US pending home sales unexpectedly rise in August, trend remains weak

Contracts to purchase previously owned U.S. homes unexpectedly rose in August, but the gain is likely to be temporary as elevated mortgage rates continue to sideline

As Canadian tariffs bite, Republicans search for a winning message

High gas prices and the rising cost of living had already made affordability a defining issue in this year’s midterm elections.

China, US top diplomats discuss 'high-level interactions' in call, Beijing says

Chinese Foreign Minister Wang Yi on Thursday told US Secretary of State Marco Rubio in a phone call that the two countries "should prepare well for the next stage of high-

Bank of England halts long-dated gilt sales, rewrites plan to unwind QE

The Bank of England paused sales of British government bonds for the next six months and halted sales of long-dated gilts entirely as it

US Senate panel votes to advance Trump pick for consumer watchdog

A U.S.

Dollar pauses after Fed rally as yields, oil retreat

The US dollar eased against the euro on Thursday, a day after logging its biggest jump in three months against the common currency after the Federal

Finland practices ship boardings at sea to stop undersea sabotage

Finnish authorities boarded and searched a target vessel in the Baltic Sea on Thursday in a live drill that officials said shows how

Romanian Liberal MEP Siegfried Muresan nominated as prime minister

Romania's President Nicusor Dan said on Thursday he will nominate Liberal European lawmaker Siegfried Muresan as prime minister, despite a lack of a clear parliamentary

US labor market on solid footing; rising mortgages pressuring housing sector

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, though the decline was likely exaggerated by the

Dollar pressure weighs on LatAm FX; regional stocks edge higher

Most Latin American currencies traded lower on Thursday against the U.S. dollar near multi-week highs, while stocks were mostly higher, with domestic political

Thai monetary policy 'very, very accommodative', no change to growth outlook, central bank official says

The Thai central bank's monetary policy is "very, very accommodative" right now to support a weak economy, with growth

Bolt, Lucid target at least 25,000 self-driving vehicles in Europe

Estonian car-sharing platform Bolt aims to deploy at least 25,000 fully autonomous vehicles in Europe with US-based electric vehicle maker Lucid, the companies

In Silicon Valley, AI data center boom meets local resistance

In Silicon Valley's biggest city, residents and environmental groups are organizing against a wave of proposed data

Bolivia extends state of emergency over risks of new blockades

Bolivia's Assembly extended a state of emergency for 90 days on Thursday, citing persistent risks that demonstrators protesting the government's policies could mount new

Bank of England policymakers set out views on rates outlook

The Bank of England left interest rates on hold at 3.75% on Thursday after a 6-3 vote among the members of its Monetary Policy Committee.

US-Iran conflict helps drive wave of supertanker orders 

Shipowners have already ordered more than twice as many supertankers this year as in all of 2025, a buying spree worth over $20 billion that is the biggest

Pakistan announces austerity measures to conserve fuel as Gulf conflict spirals

Pakistan announced on Thursday a cut in fuel for official vehicles, bans on vehicle purchases by the state, foreign visits by officials, and official dinners, as part of a slew of

US single-family housing starts rebound in August; building permits fall

US single-family homebuilding increased in August, but a drop in permits for future construction suggested the improvement was likely temporary as rising inflation

Bank of England shifts tone toward rate hikes as inflation set to top 4%

The Bank of England kept interest rates on hold on Thursday but warned they might have to go up if the Iran war drags on, while predicting

China presses Iran to help rein in Houthis after Saudi appeal, sources say

China has privately asked Tehran to help rein in Yemen's Houthis after an appeal to Beijing by Saudi Arabia following the Iran-backed group's military blitz

BoE's Bailey says outlook too uncertain to judge market bets on four rate hikes

Bank of England Governor Andrew Bailey said on Thursday the outlook was too unpredictable when asked whether markets were right to price in almost four interest rate hikes

Wall St opens higher as easing oil prices boost Fed hike relief

The major US stock indexes opened higher on Thursday as retreating oil prices boosted sentiment, with the Federal Reserve's first rate hike under Chair Kevin Warsh reassuring

CoreWeave launches $3 billion convertible debt sale

Nvidia-backed CoreWeave said on Thursday it plans to raise $3 billion through a convertible debt offering, highlighting the massive funding needs to support the AI infrastructure

China's Xpeng plans to offer tech solutions to foreign automakers

Chinese electric vehicle maker Xpeng plans to offer its technology to foreign automakers beyond partner Volkswagen as it seeks new revenue streams, according to two people

The Iran war is driving clean energy development. It's not enough to help the planet, yet

Countries are embracing clean power and taking steps to use less energy because of the war against Iran

Why Hispanic Americans are losing faith in the American Dream

A public opinion researcher explains why this group’s declining faith goes beyond partisanship and reflects a fundamental question about its sense of belonging.

Claims for unemployment benefits drop to 196,000, lowest since mid-July as layoffs remain low

The number of people applying for unemployment benefits dropped sharply last week, another sign that layoffs remain rare and most Americans enjoy job security

The US sells more to Brazil than it buys – but Trump is slapping steep tariffs on its exports anyway

Because Trump picked this fight due to his concerns about Brazilian politics, that country’s presidential elections might quell it soon.

Applied Materials to invest $5 billion in India as Modi's flagship chip event kicks off

Applied Materials will invest $5 billion in India over the next decade to expand its presence in the country, the US semiconductor equipment maker

Russia says new US sanctions, if signed by Trump, would make Ukraine peace deal harder

The Kremlin said on Thursday that further U.S. sanctions against Russia would make it harder to reach a peace deal in Ukraine. On Wednesday, the U.S.

Chile weighs ethanol-gasoline blend as government seeks cheaper fuels amid fiscal strains

Chile, one of Latin America's largest oil importers, has started to consider adopting ethanol-blended gasoline as spiking oil prices this year have strained the

Chinese AI not powerful enough to see rogue-AI risks, says Huawei

Huawei's Eric Xu said Chinese AI developers may not yet be advanced enough to experience the safety risks reported by

Nike's falling share price puts its Dow seat in jeopardy

Nike's grip on its spot in the Dow Jones Industrial Average is looking increasingly tenuous as the struggling sportswear giant braces

Japan PM retains economy minister in cabinet reshuffle, vows to speed up spending plans

Japanese Prime Minister Sanae Takaichi vowed to fast-track policies to boost growth after retaining her key ministers in a cabinet

Energy disruption hits Bangladesh and Pakistan as Gulf crisis worsens 

In Dhaka, the capital of Bangladesh, Parvin Akter times her cooking to the neighborhood's availability of piped gas.

World Bank boosts private capital mobilization to record $112 billion

The World Bank on Thursday said it attracted $112 billion in private capital in the year ended June versus $69 billion a year earlier, and more than

Rescue efforts end after 21 die in collapse of bomb-damaged building in Gaza; 45 saved from rubble

Gaza rescuers wrapped up searches on Thursday in the rubble of a bomb-damaged building that collapsed a day earlier, where 21

Argentina's Milei submits bill to strengthen sanctions on Falklands activities

Argentina's government has presented a bill to crack down on companies operating in the Falkland Islands, potentially escalating tensions with the United Kingdom over the territory

Nigeria and South Africa tried to ease tensions after violent anti-migrant protests. But the rift is back

Nigeria and South Africa tried to ease tensions after violent anti-migrant protests. But the rift is back

Chinese automakers scour Europe for factories ahead of EU local content rules, says BYD adviser

As Chinese automakers search Europe for production sites ahead of expected EU local content rules, BYD's European adviser says he's always running into rivals' executives in

Apollo explores sale options for floating LNG infrastructure operator Energos, sources say

Apollo Global Management is exploring strategic options for Energos Infrastructure, in a deal that could value the floating liquefied natural gas infrastructure provider

Bank of England holds rates but appears ready to hike soon

The Bank of England is keeping the U.K.’s main interest rate unchanged at 3.75% even though inflation in the United Kingdom has risen to a five-month high as the fallout from the Iran war continues to ratchet up fuel prices

Struggling US home buyers, and market, face new hurdles as mortgage rates near 7%

Mortgage buyer Freddie Mac's latest snapshot of mortgage rates is due out later Thursday and expected to show that the average rate for a 30-year mortgage rose again this week, moving closer to 7%

Why is China less worried about an AI dystopia than the US?

Why is China less worried about an AI dystopia than the US?

Volvo Cars plans 13 new models by 2030 in bid to double market share

Volvo Cars said on Thursday it will launch 13 new models between now and 2030 to double its market share as the Sweden-based automaker grapples with the

Pakistan eyes bigger China swap line, expects US financing decision soon

Pakistan will seek an expansion of its 30 billion yuan swap line with China when the facility expires in 2027, Finance Minister Muhammad Aurangzeb said,

Europe's low gas stocks pile on the economic and political pressure

Europe's delay in restocking natural gas storage reserves, combined with near-record prices for diesel and other refined oil products, has added to the

FTSE indexes gain after BoE holds rates steady, pauses gilt sales

The main UK indexes rose to their highest in over a week on Thursday after the Bank of England kept interest rates unchanged as expected, and said it would halt sales of long-dated

Indonesia parliament discusses changes to fiscal deficit limit

Indonesia's parliament discussed potential changes to the country's fiscal deficit limit on Thursday, with several lawmakers

Fed builds credibility, but hawkish turn leaves investors edgy

Investors are gaining more confidence in the Federal Reserve's inflation-fighting backbone, but uncertainty

Beretta Holding launches offer to raise stake in Sturm Ruger

Beretta Holding, the owner of historic Italian gunmaker Beretta, has launched an offer to more than double its stake in U.S. sporting firearm manufacturer Sturm, Ruger & Co.

From quarantine boxes to luxury cabins, China's prefab home factories pivot to exports

Sun Guangqing's prefabricated homes factory in China opened in 2022 just as the property sector entered a prolonged crisis

Dollar's allure, oil surge fan bearish bets on emerging Asian currencies: Reuters poll

Bearish sentiment towards most emerging Asian currencies deepened, a Reuters poll showed on Thursday, as investors contended with the twin headwinds of escalating

South Africa's consumer confidence rises despite economic uncertainty, survey shows

South Africa's consumer confidence improved in the third quarter, a survey showed on Thursday, although consumer spending is expected to remain subdued in the coming months due to

Germany's IMK institute more than doubles economic growth forecast for 2026

Germany's IMK economic institute on Thursday more than doubled its growth forecast for this year, citing stronger-than-expected exports in the first half

EU seeks China curbs on hybrid car exports to avert trade row, FT reports

The European Union has asked China to voluntarily restrict exports of hybrid cars as part of efforts to prevent a trade war, the Financial Times reported on Thursday.

Japan vows effort to maintain orderly yen moves