Today: October 18, 2026
Today: October 18, 2026

Economy

Business|Economy|Entertainment|Lifestyle|Political

Wisconsin's Republican candidate for governor keeps his distance from Trump in nail-biter campaign

Democrats got the candidate they wanted for governor in Wisconsin

Arts|Business|Economy|Travel

Deal reached to end horse carriage industry, New York City official says

Deal reached to end horse carriage industry, New York City official says

Economy|Health

A new Medicare season begins, but some shifts will arrive in 2027

Open enrollment for Medicare plans begins Thursday, allowing people to choose between traditional Medicare and Medicare Advantage plans until Dec. 7

Business|Economy|Finance|Stock Markets|US

Retail sales up 0.8% in September, but a big chunk of spending went to paying gasoline bills

Shoppers showed their willingness to spend in September even after a better-than-expected splurge in August

Arts|Economy|Europe|Technology

Why are credit default swaps unnerving AI investors?

The cost of insuring against the risk of potential US tech defaults has hit record levels, in the latest sign of credit stress building in the so-called AI

Arts|Business|Economy

Major brokerages expect next Fed rate hike in December

Global brokerages largely expect the US Federal Reserve to raise interest rates at least once more this year after data on Wednesday showed consumer prices accelerated in September,

Economy|Finance

UK's Healey should rebuild fiscal headroom to about £15-16 billion, Reuters poll shows

British finance minister John Healey should rebuild his depleted headroom against the fiscal rules to about £15-16 billion ($20-21 billion) at this month's budget to

Business|Economy|Political|Science|Technology

Microsoft president warns green-card curbs could hurt US tech, Politico reports

Microsoft President Brad Smith warned the Trump administration's move to restrict green-card access for skilled foreign workers could hurt US technological competitiveness and drive

Business|Economy|Political

UK's Healey says banks are key to economy but keeps tax options open

British finance minister John Healey said banks were central to the country's economic future on Thursday when pressed by reporters about the likelihood

Business|Economy|Science|Technology

US Treasury pushes global partners to rename AI as 'super intelligence'

The United States wants its global partners to rename artificial intelligence as "super intelligence," convinced that the new moniker better reflects the

Business|Economy

US retail sales beat expectations in September on higher gasoline prices

US retail sales increased more than expected in September, boosted by higher gasoline prices, but spending elsewhere was moderate, which could temper economists'

Business|Economy|Finance

US weekly jobless claims rise marginally amid low layoffs

The number of Americans filing new claims for unemployment benefits increased marginally last week amid low layoffs that are keeping the labor market stable.

Economy|Europe|Finance|Political|World

Ukraine passes key laws to help unlock billions in aid from EU, IMF

Ukraine's parliament passed a package of legislation on Thursday to advance the implementation of key demands from the European Union and the International Monetary Fund to

Business|Economy

Cartier-owner Richemont considers joining bidders for De Beers, source says

Luxury group Richemont, owner of Cartier, is in talks to join a consortium bidding for diamond miner De Beers, which

Arts|Business|Economy

The number of Americans filing for jobless aid remain at historically low levels below 200,000

U.S. applications for unemployment benefits inched up last week as layoffs remain historically low and most American workers enjoy job security

Business|Economy|Environment|Finance

Is the world pricing the risk of a US diesel export ban?

If the US imposed a ban on its diesel exports, as some lawmakers are calling for, it would roil the global market.

Arts|Economy|Education|Environment|Finance|Science|Technology|World

IMF says African economies performing well despite shocks from the Iran war

The head of the International Monetary Fund’s Africa department says African economies have managed to weather the energy crisis brought on by the Iran war

Business|Economy|Finance

BoE to raise rates to 4% in November, but economists narrowly expect hold from there

The Bank of England will raise Bank Rate for the first time in more than three years to 4.0% in November, according to a majority of economists polled by Reuters who have reversed

Arts|Business|Economy|Environment|Science|Technology

Oil shipping costs spike, lifting prices from pump to grocery

When the oil supertanker Esteem Explorer sails from the United States to Japan in late November, loaded with about 2

Arts|Business|Economy|Finance|Interview|Opinion|Science|Technology|World

Warsh's quest for quiet Fed gets vocal pushback

Federal Reserve Chairman Kevin Warsh’s call for a “quieter” central bank is facing pushback from colleagues who see

Economy

US toy prices surge ahead of holiday shopping season as tariffs, Iran war bite

Cash-strapped US consumers are facing a squeeze in their shopping budgets this holiday season, hit by the double whammy of tariffs and high energy costs.

Business|Economy|Finance|Stock Markets

Wall St banks caught in capital markets lull after a strong first half of 2026

Quarterly results from Wall Street's big banks this week showed that even the largest and most robust players of the industry can be vulnerable to the ebb and flow of

Economy|Finance|Technology

BoE warns banks to prepare for AI-enabled cyber breaches

The Bank of England is working with banks on deep cyber-recovery options, its deputy governor Sarah Breeden said on Thursday, arguing

Economy|Finance|Stock Markets

CoreWeave unravels

(Corrected the capitalization in the company name CoreWeave.)

Economy|Europe|Finance

Italy to raise almost €11 billion from financial sector in next three years

Italy plans to raise an additional €10.7 billion ($12.00 billion) from the financial sector to help fund its budget over the 2027-2029 period, a government

Arts|Business|Economy|Europe|Finance|US|World

US wants Senegal debt restructuring wrapped up in less than a year

The United States views Senegal's request for debt restructuring as a "great example" of progress on the Group of 20 Common Framework, and wants to see

Business|Economy|Finance|Stock Markets|US

US 10-year Treasury yield levels not unprecedented, BNY CEO says

The levels the benchmark 10-year US Treasury yield has touched this year are not unprecedented, the CEO of the oldest US bank

Business|Economy|Finance|Stock Markets|Technology

AI credit worries send default insurance to record high 

The cost of insuring against tech defaults struck record highs on Thursday, as investors rushed to hedge against the risk of

Economy|Europe|Health|Lifestyle|World

Questions swirl about pope's future and what he knew when praying at a French shrine famed for cures

Pope Leo XIV's lung cancer diagnosis raises questions about the future of his pontificate

Business|Economy|Science|Technology

Taiwan chipmaker TSMC explores Texas investment to expand production in the US

Taiwan Semiconductor Manufacturing Co. is exploring potential investments in Texas to expand chip production in the U.S. The company says it is open to collaborating with Elon Musk’s planned “Terafab” chip manufacturing complex in Texas

Economy

Frustrated with Trump, voters overwhelmingly want change in Washington, an AP-NORC poll finds

A new AP-NORC poll finds that a strong majority of voters believe President Donald Trump is falling short at home and abroad, and they want major change in the upcoming midterm elections

Business|Economy

Japan economy minister stresses BOJ independence, rejects reflationist label

Japanese Economy Minister Minoru Kiuchi said monetary policy should be left to the Bank of Japan, reiterating the government's stance on

Asia|Business|Economy|Finance

China Q3 growth set to pick up on stimulus, keeping 2026 goal within reach: Reuters poll

China's economic growth likely accelerated modestly in the third quarter from a more than three-year low, supported by fresh policy easing, though the pickup

Business|Economy|Finance

UBS extends Fed tightening cycle forecast with March rate hike after inflation surprise

UBS Global Wealth Management expects the Federal Reserve to raise interest rates for a third time in March 2027, extending its tightening cycle into next year after stronger-than-

Business|Economy|Finance|Interview|Stock Markets|US|World

WTO chief sees lasting impact on trade from Middle East war and geopolitics

Shifting geopolitics and the wars in Ukraine and the Middle East will have a lasting impact on world trade flows as companies hedge their bets against future shocks, Ngozi

Economy|Europe|Political|World

Germany warns against bringing Russia back into G20 fold

Germany warned on Thursday against efforts to bring Russia back on to the international stage, while Britain called for tighter

Business|Economy|Europe

For Chinese automakers, the road to survival runs through Europe

The record 20 Chinese brands vying for attention at this week's Paris car show reflect a stark reality: as a slowdown at home pushes China's overcrowded auto

Americas|Economy|Europe|MidEast|Political|US

Merz says frozen Russian assets must stay in Europe amid reported US proposal

Billions of euros' worth of Russian assets frozen in Europe after the invasion of Ukraine should stay under the region's control, German Chancellor Friedrich Merz said on

Africa|Economy|Finance|World

Africa's economic resilience masks rising inflation threat and fragile buffers, IMF warns

Sub-Saharan Africa's inflation outlook has worsened since April even as growth held up better than expected, the IMF said, warning that the region's

Economy|Finance|Political|World

Norway wealth fund should invest in top arms makers, commission says in ethics overhaul

Norway should allow its $2.3 trillion wealth fund to invest in major Western defence groups that are currently banned from its portfolio due to their

Arts|Business|Economy|Finance

PepsiCo warns 'energy drink' ban could run its India supplies dry as Red Bull sells on

PepsiCo told an Indian court on Thursday that a continued ban on the "energy drink" label could drive its top-selling products out of stock nationwide

Business|Economy|Technology

TSMC Q3 profit jumps 69% to record, beating expectations

TSMC, the world's largest contract chipmaker, posted a 69% jump in third-quarter net profit on Thursday, beating market forecasts and hitting a record, thanks to soaring

Business|Economy|Technology

Ericsson braces for component cost hit after third-quarter profit beat

Telecom gear maker Ericsson on Thursday reported a smaller-than-expected drop in third-quarter core profit as efficiency measures helped offset higher component costs,

Arts|Economy|Environment|Technology

Governments globally to turn to non-dollar bonds amid AI-driven liquidity crunch, Citi banker says

Governments and state entities

Arts|Business|Economy|Finance|Technology

South Korea's KOSPI closes at 6-month low as chipmakers slump on AI worries

South Korea's benchmark KOSPI stock index closed at a six-month low on Thursday, as a heavy selloff in chipmakers triggered a

Economy|Environment|Science|Technology

Copper squeeze breathes new life into old mines

In 1899, the Mt Lyell mine in Tasmania produced some 9,500 metric tons of copper.

Arts|Business|Economy|Technology|World

Taiwan president calls for Micron, workers to negotiate 'sincerely' ahead of possible strike

Taiwanese President Lai Ching-te called on Thursday for US memory chipmaker Micron Technology and its workers to negotiate "sincerely"

Business|Economy|Finance|Science|Stock Markets|Technology

TSMC 'prudent' going into 2027 after posting sixth straight quarter of record profit

TSMC, the world's largest manufacturer of advanced chips, struck a note of caution for 2027 on Thursday due to macroeconomic uncertainties,

Arts|Business|Economy|Finance|Technology

Is the AI rout making bonds safe again?

A rude awakening over the debt-fuelled AI binge has sent investors rushing out of stocks and into government bonds, which now seem to

Economy

Romania's nominated prime minister secures support ahead of confidence vote

Romania's leftist Social Democrats said they will join the government of Prime Minister-designate Luca Niculescu while other parties pledged their votes, edging the

Economy|Europe|Finance

French inflation rises to 3.4% in September, highest since January 2024

Consumer prices in France rose 3.4% year-on-year in September on an EU-harmonised basis, statistics office INSEE said on Thursday, in line with a preliminary reading from late

Asia|Business|Economy|Environment|Food

This Chinese export boom really has legs – and wings

(This story has been refiled to correct the type of duck subject to European anti-dumping probe in paragraph 6.)

Asia|Economy

New North Korea-China bridge finally opens. But will it help Pyongyang evade sanctions?

New North Korea-China bridge finally opens. But will it help Pyongyang evade sanctions?

Business|Economy|Finance

Prolonged war, renewed disruptions pose biggest risk to Middle East region, IMF says

Prolonged war in the Middle East and further disruptions to energy production, shipping routes or critical infrastructure pose the biggest risk to

Business|Economy|Finance|Stock Markets|Technology|World

Market picks CoreWeave as AI rout deepens

A look at the day ahead in European and global markets from Tom Westbrook The bruising AI selloff extended after the bell, hard into Asia and even lent a bid to beaten-down bond markets.

Business|Economy|Finance|Stock Markets|Technology

Figma CFO says design platform willing to put margins on the line to boost AI demand

Figma's CFO said on Thursday it was uncertain if the design software firm would return to peak gross margin levels as it ramps up

Business|Economy|World

Bessent calls for World Bank reforms, including upstream oil and gas financing

US Treasury Secretary Scott Bessent issued a long list of demands for the World Bank in line with Trump administration interests, including ending the bank's prohibition on

Business|Economy|Finance

BOJ policymaker warns against being overly cautious on rate hikes

The Bank of Japan should not become overly cautious about raising interest rates, given considerable upside risks to inflation, Junko Koeda, a

Asia|Economy|Finance

IMF urges China to deploy bigger fiscal stimulus

China must deliver bigger fiscal stimulus as its economy teeters on deflation, a senior International Monetary Fund official said on Thursday.

Arts|Economy|Entertainment|Finance|Lifestyle|Technology

Japanese insurers are poised to bring money back home - gradually

Some of Japan's largest asset managers are expected to unveil plans to buy more domestic bonds with markets focusing on whether they would step up divestments of overseas

Asia|Business|Economy|Finance|World

IMF warns of slowing Asian growth, spillover from rising yields

The International Monetary Fund on Thursday projected Asia's economic growth would moderate next year and warned of heightening risks from the Iran war-

Economy

Brazil's Senate approves shorter workweek in win for Lula

Brazil's Senate on Wednesday approved a constitutional amendment to reduce the country's workweek from six days to five, providing President Luiz Inacio Lula da Silva a

Africa|Americas|Arts|Asia|Economy|Europe|MidEast

China opens a joint airfield in Laos with construction ongoing and eyes on its military role

China’s newly opened joint military airfield in Laos is Beijing’s first overseas facility focused on air power

Business|Economy

Brazil's Senate approves a shorter workweek in major win for Lula ahead of runoff

Brazil’s Senate has approved a constitutional amendment to reduce the maximum workweek from 44 to 40 hours without cutting salaries

Business|Economy|Finance|Science|Stock Markets|Technology|US

At Anthropic pre-IPO meet: ‘Thinking’ caps, surging revenue, no human extinction

Anthropic told prospective investors on Wednesday that revenue in the third quarter surged 45% from the prior quarter, two

Economy|Science|Technology

UK government to provide £17 million for Chornobyl plant repairs

The British government said on Thursday it will provide £17 million ($22.45 million) in funding for repairs to the Chornobyl nuclear power plant in northern Ukraine damaged by a

Business|Economy|Finance|Interview

Fed's Daly says rate hikes likely needed, but not urgently

The Federal Reserve will probably need to increase short-term interest rates further to rein in too-high inflation, San Francisco Federal Reserve

Business|Economy|Finance|World

Dollar hits 18-month high, then cools as investors await patient Fed

The US dollar hit an 18-month high on Wednesday after stronger-than-expected US inflation data briefly revived expectations for a Federal Reserve interest

Economy|Science|Technology

Trading Day: Tech melt

US stocks fell sharply on Wednesday, with the Nasdaq clocking its biggest fall in three months, on surprisingly strong inflation data and

Africa|Americas|Arts|Asia|Australia|Business|Celebrity|Crime|Economy|Education|Election|Entertainment|Environment|Europe|Fashion and Beauty|Finance|Food|Health|Interview|Lifestyle|MidEast|Opinion|Political|Science|Stock Markets|Technology|Travel|US|Videos|World

Flavio Bolsonaro slightly leads Lula in Brazil runoff, Quaest poll shows

Brazilian Senator Flavio Bolsonaro was seen slightly ahead of President Luiz Inacio Lula da Silva heading into the October 25 presidential runoff, a Quaest poll showed on

Economy|Political|World

IMF calls for US to cut deficits amid bond woes, urges China to shift away from exports

The United States cannot grow its way out of mounting public debt without tax or spending adjustments, while China must pivot from export-

Arts|Business|Economy|Europe|MidEast|World

Colombia opens embassy in Jerusalem, restores free trade deal with Israel

Colombia opened its embassy in Jerusalem on Wednesday, becoming the 10th government to do so, as new President Abelardo De La Espriella reversed his predecessor's break

Arts|Economy|MidEast|Science|Technology

Oil prices gain on attacks in Saudi Arabia, Iran's new tactics to target tankers

Oil prices rose on Wednesday after the Houthis attacked Saudi Aramco's headquarters and Iran said it was deploying new tactics to target ships and keep oil

Business|Economy|Finance|Stock Markets|Technology

Nasdaq ends sharply lower as hot inflation data stirs rate-hike worries

Hotter-than-expected inflation data sent the Nasdaq to a sharply lower close on Wednesday, with worries about more interest rate hikes from the Federal Reserve

Africa|Americas|Arts|Asia|Australia|Business|Celebrity|Crime|Economy|Education|Election|Entertainment|Environment|Europe|Fashion and Beauty|Finance|Food|Health|Interview|Lifestyle|MidEast|Opinion|Political|Science|Sports|Stock Markets|Technology|Travel|US|Videos|World

Judge extends order blocking Trump from banning CNN, MS NOW and Politico reporters from White House

A federal judge has extended an order blocking the Trump administration from banning reporters from CNN, MS NOW, and Politico from the White House

Business|Economy|Finance|World

IMF chief urges US and wealthy nations to rein in debt to ease global economic pressure

The head of the International Monetary Fund says the United States and other wealthy nations must urgently tackle mounting global debt, which is weighing most heavily on low-income countries

Asia|Business|Economy|Finance|Stock Markets|Technology

US stocks drop to their worst day since July as inflation worsens

U.S. stocks dropped to their worst day since July

Business|Economy|Election|Finance|Political

Republicans are playing defense — and it’s costing them

Republicans are playing defense — and it’s costing them

Arts|Economy|Entertainment|Finance|Lifestyle

Appeals court judges question the government about Trump's DC National Guard deployment

Dozens of Washington, D.C., residents have rallied outside a courthouse holding a hearing on President Donald Trump's deployment of the National Guard to oppose the continuing presence of the military in the city

Economy|Europe|Finance

No signs of new EU debt crisis, but prudent fiscal policy is needed - Dombrovskis

There are no signs of a new euro zone sovereign debt crisis, but governments need to be prudent as debt costs rise on higher sovereign and corporate borrowing and inflation

Economy

Ohio's working-class voters rethink support for Trump and the Republican Party

A decade after Republican Donald Trump peeled away working-class and union voters who had long been a cornerstone of Democratic support in Ohio,

Business|Economy|Finance|World

Top economic adviser says Venezuela aims to publish debt sustainability analysis 'very soon'

Venezuela is hoping to publish a debt sustainability analysis "very soon", but the

Business|Economy|Finance|Technology

Inside the booming market for US midterm election bets

Betting on US midterm elections has surged this year on Polymarket and Kalshi, prediction markets that rose to prominence in 2024 when

Business|Economy|Finance

UK stocks close higher as weaker sterling boosts export-heavy sectors

UK stocks ended higher on Wednesday, supported by a rise in healthcare and consumer staples sectors, which gained on a weaker sterling after data showed US inflation came in hotter

Arts|Business|Crime|Economy|Europe|MidEast|Technology

Saudi Aramco headquarters suffered extensive damage in Houthi attack, sources say

Oil giant Saudi Aramco's headquarters in Dhahran suffered extensive damage in an attack on Tuesday, with a fire spreading across several floors, three people with direct knowledge

Arts|Business|Economy|Finance|Technology

BlackRock draws $205 billion in client funds as quarterly profit beats estimates

BlackRock surpassed Wall Street profit expectations and attracted $205 billion in total inflows in the third quarter, sending the world's largest

Business|Economy|Finance

China September new bank loans jump more than expected on stimulus, seasonal boost

New bank lending in China rose more than expected in September, rebounding sharply from a weak August as policymakers stepped up targeted monetary

Arts|Business|Crime|Economy|Entertainment|Finance

BofA misses profit estimates on trading weakness, books $1.2 billion charge

Bank of America missed third-quarter profit estimates on Wednesday due to weakness in its trading business and disclosed a $1.2 billion charge

Business|Economy|Finance

Inflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections near

U.S. inflation accelerated last month as gas, clothes, and air fares got more expensive, evidence that rising prices remain an economic challenge just a few weeks before the midterm elections

Business|Economy|Finance

Bank of America fined $1.2 billion by Treasury Department for violating money laundering and sanctions laws

Bank of America fined $1.2 billion by Treasury Department for violating money laundering and sanctions laws

Business|Economy|Europe|Science|Technology

Europe leads the world on AI rules. So why is it missing from the AI safety debate?

Europe leads the world on AI rules. So why is it missing from the AI safety debate?

Business|Economy|Finance|Science|Stock Markets|Technology|US

Space startups secure record $20.8 billion funding as infrastructure bets surge, report shows

Space startups attracted a record $20.8 billion in funding in the third quarter, as investors poured money into launch providers, manufacturing and other

Asia|Business|Economy|Finance|World

India importers press on with rupee hedges despite RBI's higher-cost deterrent

Indian importers continue to lock in future dollar purchase rates to protect against the rupee weakening, despite the banks charging more per month for such

Africa|Americas|Arts|Asia|Australia|Business|Celebrity|Crime|Economy|Education|Election|Entertainment|Environment|Europe|Fashion and Beauty|Finance|Food|Health|Interview|Lifestyle|MidEast|Opinion|Political|Science|Sports|Stock Markets|Technology|Travel|US|Videos|World

China buys 8-10 US soybean cargoes in first deals since Trump-Xi summit, sources say

Chinese state buyers purchased 8-10 Panamax cargoes of US soybeans this week, the first such deals since the September summit between Presidents Donald

Business|Economy|Political|Science|Technology

ASML CFO says US Match Act limiting DUV sales to China would be counterproductive

The chief financial officer of top computer chip equipment manufacturer ASML said on Wednesday the company opposes a proposal by US Congress to limit the

Business|Economy

German economy likely slowed in third quarter, ministry says

Germany's economy ministry said on Wednesday that growth momentum likely slowed temporarily in the third quarter.

Business|Economy|Finance|Interview|Stock Markets|Technology

New ASX boss wants to accelerate move to one-day settlement in Australia

New ASX CEO Anthony Attia said he wants to expedite the transition to one-day cash equity trading settlement, bringing Australia in line

Africa|Americas|Arts|Asia|Economy|Education|Entertainment|Europe|MidEast

Taiwan cites progress on Alaska LNG after Trump says it will buy 30% of output

Taiwan said on Wednesday it was making progress in talks to buy liquefied natural gas from Alaska LNG and

Arts|Economy|Environment|Europe|Science|Technology|World

Barbados joins push for global panel to tackle inequality

Barbados is joining a group of countries calling for the establishment of an international panel to address inequality, at a time when heightened geopolitical

Economy|Europe|Finance

Spain's inflation rises at fastest pace in more than three years

Spain's inflation rose in September at its fastest pace since February 2023, mostly due to an increase in the price of fuel and air travel, the National Statistics Institute (INE)

Crime|Economy|Technology

IMF, World Bank launch 'Bangkok Blueprint' to fight cyber fraud

The International Monetary Fund and World Bank on Wednesday released a framework for tackling cyber-enabled fraud, as the Thai government underlined the mounting cost of

Business|Economy|Europe|Finance

Italian growth outlook brightens but slowdown ahead, business lobby says

Italy's economy will grow by 1% this year, the country's main business lobby Confindustria forecast on Wednesday, hiking a previous 0.5% estimate made in March but warning

Economy|Finance|Sports|World

FIFA will propose $6.3 billion funding for soccer development, AP sources say

FIFA will propose to its members a $6.35 billion fund for soccer development between 2027 and 2030, including a boosted amount of $25 million for each national association, two people with knowledge of the plan and a letter reviewed by The Associated Press confirmed on Tuesday

Economy|Environment|Food|MidEast

Gazans harvest dregs of olive groves bulldozed and cut off by Israel

Haidar Abu Middain, 60, lifts a desiccated bough of a fallen olive tree and tosses it aside in the barren dirt of what was once one

Arts|Asia|Business|Economy|Environment|Technology

Taiwan plans to buy liquefied natural gas from Alaska pipeline project

Taiwan is planning to buy liquefied natural gas from a U.S. project once extraction starts and could invest up to $4.4 billion in it

Economy|Finance|Political

UK finance minister Healey set to pay for budget measures without more borrowing, FT reports

UK finance minister John Healey is expected to pay for new initiatives in this month’s budget, including a cost-of-living package, with

Arts|Asia|Economy|Europe|Finance|MidEast|Stock Markets|US

Pressured at home, EU leaders weigh China trade steps

European leaders gather in Brussels on Thursday to weigh up the future of trading ties with China, whose surging exports of cars and other

Economy

IMF urges members to stock up funds for low-income, vulnerable states

IMF chief Kristalina Georgieva on Wednesday warned that current economic developments and the rapid advance of AI threaten to deepen the

Business|Economy|Health|Technology

Galderma to buy US firm ZO Skin Health for $1.5 billion

Swiss skincare firm Galderma has agreed to acquire US company ZO Skin Health for an enterprise value of $1.5 billion, it said on Wednesday, confirming a report published by

Asia|Economy

A new bridge linking China and North Korea will open more than a decade late

A new bridge linking China and North Korea is set to open Thursday after more than a decade of delay

Business|Economy|Finance|Stock Markets|US

Let the doves sing

A look at the day ahead in European and global markets from Rocky Swift With US Federal Reserve officials singing a less hawkish tune overnight, Singapore kept the dovish trend rolling with a surprise

Business|Economy

High gasoline prices expected to boost US consumer inflation in September

US consumer prices likely surged in September, driven by rising gasoline and food costs, and adding to a string of unfavorable developments for President Donald Trump

Arts|Asia|Business|Economy|Europe|Finance|Stock Markets|US

Vietnam says trade talks with US nearly completed; US officials more cautious

Vietnam and the US have nearly completed negotiations covering a trade deal, Vietnamese Deputy Prime Minister Pham Gia Tuc said on

Economy|Science|Technology

Kamala Harris warns window closing for AI safeguards, urges US-China cooperation

Former US Vice President Kamala Harris urged governments and technology companies on Wednesday to urgently put safeguards in place for artificial

Arts|Economy|Europe|Finance

ECB President Christine Lagarde signals no intervention in France’s fiscal crisis

ECB President Christine Lagarde signals no intervention in France’s fiscal crisis

Asia|Business|Economy|Finance|World

China’s trade surplus nears record as pressure mounts from trading partners

China’s trade surplus reached $938 billion for the first nine months, with expectations growing that it could surpass last year’s full-year $1.2 trillion record

Business|Economy|Environment|Science|Technology

China September rare earth exports rise 6.7% from a year earlier

China's exports of rare earths in September rose 6.7% from the prior year, customs data showed on Wednesday, as overseas buying improved after a summer lull.

Economy

House Democrats plan a first 100-days agenda if they sweep to power in midterm elections

Democrats are preparing an ambitious 100-days agenda if they win the House majority in the midterm elections

Arts|Economy|Environment|Health|Political|Science

Iowa faces a reckoning over water quality and cancer rates in midterm campaigns

Iowa is grappling with water quality and cancer rates, bringing these issues to the forefront of state politics

Asia|Business|Economy|Finance|World

Asia must guard against another financial crisis, Philippines central bank chief says

Asian countries must remind themselves about what happened during the region's financial crisis in the late 1990s and guard against a recurrence of such

Economy|Finance

IMF dials up calls for urgent fiscal consolidation

The International Monetary Fund on Wednesday issued an urgent call for advanced economies and others to reduce government spending, cut deficits and lower

Africa|Americas|Arts|Asia|Australia|Business|Celebrity|Crime|Economy|Education|Election|Entertainment|Environment|Europe|Fashion and Beauty|Finance|Food|Health|Interview|Lifestyle|MidEast|Opinion|Political|Science|Sports|Stock Markets|Technology|Travel|US|Videos|World

Iran shifting tactics to step up attacks on shipping before US vote, officials say

Iran is deploying new tactics to target ships sailing through the Strait of Hormuz as it seeks to keep oil

Business|Economy

How Singapore's unique monetary policy works

Singapore's central bank kept its monetary settings unchanged on Wednesday, surprising analysts who expected a tightening, with the economy projected to

Economy|Election|Political

Sen. Collins says Trump 'did not have a good plan' on Iran war

Tonight’s Maine Senate debate turned immediately to the Iran war when GOP Sen. Susan Collins and Democrat Troy Jackson were asked how to help lower heating costs in Maine.

Arts|Business|Economy|Election|Finance|Science|Technology

Rep. Collins and Sen. Ossoff clash over Epstein files in Georgia debate

Republican Rep. Mike Collins attacked Democratic Sen. Jon Ossoff over campaign donations from LinkedIn co-founder Reid Hoffman, who has acknowledged meeting Jeffrey Epstein, while Ossoff countered accusing Collins of voting against releasing Epstein-related records, and helping to "cover up" evidence.

Crime|Economy|Political|World

After surging troops to the border, US military showcases a quieter Rio Grande

The U.S. Army is deploying hundreds of soldiers to Texas' Rio Grande Valley in response to what it says are signs of elevated activity from Mexican drug cartels

Economy

Trump administration to expand a Delek Texas refinery using Defense ​Production ⁠Act

The Trump administration will use the ​Cold War-era Defense ​Production ⁠Act to expand the processing capacity of a refinery in Texas owned by Delek US Holdings, Vice

Business|Economy|Europe|Science|Technology|US

Trump says US still sharing intel, even as Ukraine reports attacks with no warnings

US President Donald Trump said on Tuesday that Washington was still sharing intelligence with Ukraine, even as Kyiv reported new Russian

Business|Economy|Finance|Technology

Televisa, Fintech to take on America Movil with $2 billion purchase of AT&T's Mexican unit

Grupo Televisa and Fintech Holdings have agreed to buy AT&T's Mexican unit for $2 billion in cash, setting up a showdown with telecoms giant America

Business|Crime|Economy|Finance|Political

BofA fined $1.2 billion by US government for failing to police suspicious activity

Bank of America has been fined $1.21 billion by US regulators for widespread failures to detect potential money laundering and other

Arts|Business|Economy

US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws

The U.S. Treasury Department says it’s imposing $1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws

Economy|Interview

Fed's Williams sees no need for rate hike in 2027, Bloomberg News reports

By Michael S.

Economy|Health|Science|Technology

Social Security benefits will rise 3.6% in 2027, but that may not be enough to offset healthcare costs

Some advocates for older Americans want the government to change the index used for this adjustment to one more tailored to their spending patterns.

Arts|Economy|Science|Technology

US stocks edge back from their record following the first big batch of profit reports for the summer

The first big batch of summertime profit reports from U.S. companies made waves on Wall Street after topping analysts’ expectations, but many canceled each other out

Business|Economy|Europe|Finance|Technology

AI limiting European workers' bargaining power, ECB's Lane says

The increased use of AI by euro zone companies could curb workers' ability to demand higher wages while heavy investment into the new technology may be materially

Arts|Business|Economy|Finance|Science|Technology|World

Tencent raises $5.7 billion in debt sale as demand defies AI scrutiny

Tencent Holdings has raised about $5.7 billion through US dollar and offshore yuan debt offerings on Tuesday, drawing combined

Arts|Business|Economy|Finance|Science|Technology|World

World stocks dip on AI spending concerns; Brent settles lower

World stocks edged lower on Tuesday as concerns about AI spending weighed on chipmakers and investors looked ahead to more US corporate

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MI5 chief says Iran is targeting military sites and suspected plot at RAF Fairford is 'not unique’

The head of MI5 says Iran is trying to hit military sites in the U.K. and the suspected plot to attack a U.S.-run military air base in September is not unique

Business|Economy|Finance|Technology

Kroger to lay off 3,000 corporate employees over 3 years as it leans into artificial intelligence

Grocery store chain Kroger says it will lay off 3,000 corporate employees over the next three years as it ramps up its use of artificial intelligence to streamline operations

Economy|Political|Sports

English soccer's regulator insists there will be no political pressure in Man City case

The chair of English soccer’s regulatory body has said he would resign if there were any political interference over potential sanctions for Manchester City

Business|Economy|Finance|Science|Technology

Brutal session for chip stocks shows AI trade is turning

A selloff in AI supplier shares on Tuesday is the strongest sign to date that the mood on the trade of the decade is shifting, with growing worries that

Economy

Republicans face midterm backlash from factory workers squeezed out of jobs by Trump's tariffs

President Donald Trump's tariffs are turning factory workers against his Republican Party over fears the import taxes could lead to fewer jobs instead of the manufacturing renaissance he promised

Africa|Americas|Arts|Asia|Business|Crime|Economy|Environment|Europe|Lifestyle|MidEast

Trump says Houthis trying to drive up oil prices ahead of US midterm elections

President Donald Trump on Tuesday accused Yemen's Houthi militants of deliberately trying to drive up oil prices ahead of the US midterm

Arts|Business|Economy|Environment|Europe|Finance|MidEast|Science

Oil prices settle mixed, focus on US-Russia diesel deal, Saudi Yemen attacks

Oil prices were mixed on Tuesday as hopes the US-Russia diesel deal could free up more supplies from Moscow offset attacks in Saudi Arabia and Yemen that could

Economy|Political

Trump's diesel deal with Putin draws criticism from a frustrated Congress

The deal that President Donald Trump reached with Russian President Vladimir Putin to import tons of Russian diesel is drawing concern from Congress

Business|Economy|Finance|Stock Markets

Citi profit tops estimates on higher investment banking, services and wealth revenue

Citigroup beat Wall Street estimates for third-quarter profit on Tuesday, helped by stronger investment banking revenue and transactions

Business|Economy|Finance|Technology

Chip selloff pulls European stocks back from one-week high

Europe's STOXX 600 ended marginally lower on Tuesday, retreating from a one-week high, after a sharp selloff in chip stocks overshadowed optimism from

Business|Economy|Finance|Stock Markets

Big banks post strong Q3 profits, but warn higher rates and inflation could bite

Wall Street’s biggest banks have reported another strong quarter as U.S. consumers continue to pay bills and businesses invest in AI

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CVS agrees to pay $315 million to settle Justice Department case over opioid prescriptions

CVS Pharmacy Inc. and various subsidiaries have agreed to pay $315 million to resolve a Justice Department case alleging it unlawfully dispensed medically unnecessary prescriptions of highly addictive opioids

Business|Economy|Europe

As EU debates local-content rules, Chinese automakers are already adapting

As Europe debates new local-content rules aimed at boosting

Business|Economy|Political

Fact check: Breaking down Trump’s rosy comparison to gas prices under Biden

Fact check: Breaking down Trump’s rosy comparison to gas prices under Biden

Arts|Business|Economy|Finance|Interview|Technology

Goolsbee says AI-induced inflation is 'jumping out of its lane,' Semafor reports

Federal Reserve Bank of Chicago President Austan Goolsbee said on Tuesday that inflation is starting to feel like "aggregate overheating" fueled by spillovers from the artificial

Business|Economy|Finance

Fitch warns bond yield surge is worsening debt outlook for developed economies

Rising government bond yields are making it much harder for major developed economies to stabilise debt burdens, with countries including France, the US and Britain facing

Business|Economy|Health

Walmart to offer 250-plus free medications, including GLP-1s, to employees

Walmart on Tuesday introduced a plan to offer employees more than 250 medications, including GLP-1s, insulin and inhalers at no cost, as the retailer expands healthcare benefits for

Africa|Americas|Arts|Asia|Australia|Business|Economy|Europe|Finance|MidEast|Science|Technology|World

Dollar retreats from 18-month high as oil prices fall, inflation data in focus

The dollar slipped from an 18-month high on Tuesday as oil prices retreated and investors reassessed the AI-fueled rally that has supported demand for US

Arts|Economy|Europe|MidEast|Science|Technology

Why billions spent on defense haven’t shielded Saudi Arabia from Houthi attacks

Why billions spent on defense haven’t shielded Saudi Arabia from Houthi attacks

Business|Economy|Finance

US existing home sales rise in September; higher mortgage rates dim outlook

US existing home sales unexpectedly increased in September, but the trend stayed subdued against the backdrop of rising mortgage rates and still higher

Arts|Business|Economy|Finance|Stock Markets|Technology

S&P 500 opens lower after bank earnings; chips weigh

The S&P 500 and the Nasdaq opened lower on Tuesday as chip stocks came under selling pressure again, while investors assessed a mixed set of quarterly results, including reports

Business|Economy|Finance|Stock Markets

Higher yields revive the case for a new-look 60/40 portfolio

US investors are favourably reassessing the traditional 60% stock, 40% bond portfolio strategy as a selloff in government debt lifts yields to levels

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Iran and Russia are stepping up hybrid campaigns in Britain, UK spy chief says

Iran is stepping up attempts to hit harder targets such as military sites in Britain and Russia is increasing its hybrid warfare against Ukraine's allies,

Business|Economy|Finance|Stock Markets

Goldman Sachs beats quarterly profit estimates on equities strength

Goldman Sachs on Tuesday beat third-quarter profit estimates as dealmaking remained steady and volatile markets tied to the Middle East conflict

Business|Economy|Finance|Stock Markets

US grocer Albertsons pulls annual outlook, accelerates turnaround efforts

Albertsons withdrew its fiscal 2026 forecasts on Tuesday and launched a review of its business aimed at cutting costs, lowering prices and reversing sluggish

Arts|Economy|Finance

European luxury's $350 billion blowout

European luxury firms have seen some $350 billion in value knocked off their combined market capitalizations this

Arts|Business|Economy|Entertainment|Finance|Food

Domino's forecasts muted annual same-store sales as competition, cautious consumers weigh on demand

Domino's Pizza on Tuesday scaled back its full-year sales outlook, warning that US and international comparable sales growth would remain muted, sending shares down about 3% in

Business|Economy|Finance|Stock Markets

LSEG in talks to buy Permira-owned Octus data group for about $3.5 billion

The London Stock Exchange Group confirmed on Tuesday it is in talks with private equity firm Permira to acquire financial data group Octus for about $3.5

Economy|Environment|Food|Science

Americans are stressed about grocery prices, so why do they toss or overlook so much ‘misfit’ food?

Quality, rather than discounts or environmental benefits, is what’s needed to encourage shoppers to consider odd-shaped produce.

Arts|Business|Economy|Europe|Finance|MidEast|World

Saudi leads jump in OPEC+ oil output in September, despite Iran war disruption

By Alex Lawler and Olesya Astakhova LONDON, Oct 13 - Oil producer group OPEC+ posted a sharp gain in production in September, OPEC said on Tuesday, driven by an increase from Saudi Arabia despite

Arts|Business|Economy|Environment|Europe|Technology

European automakers urge support as VW warns of 'enormous pressure'

European automakers urged policymakers on Tuesday to do more to help them cope with Chinese competition and the shift to electric

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Trump says he does not believe China and Russia help Iran, contradicting US intelligence

President Donald Trump said on Monday he did not believe that China and Russia were helping Iran "at all," even as US

Economy|Europe

Tensions flare over the EU’s next long-term budget ahead of unpredictable elections in 2027

Political tensions are rising over the European Union's next long-term budget

Business|Economy|Europe|Technology|World

China's carmakers expand their presence in Europe

Chinese automakers are expanding in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American

Economy|Finance|Travel|World

Airlines cancel flights to Saudi Arabia after Riyadh airport attacks

Airlines are cancelling flights to Saudi Arabia following the deadly weekend attacks on Riyadh airport by Yemen's Iran-aligned Houthis, extending disruption to air travel across the

Economy

‘I’m strapped every month.’ Seniors struggle as inflation continues to outpace Social Security benefits

‘I’m strapped every month.’ Seniors struggle as inflation continues to outpace Social Security benefits

Business|Economy|Europe

BMW deliveries fall 6.3% in third quarter as China sales slump

BMW reported on Tuesday a year-on-year 6.3% decline in global vehicle deliveries in the third quarter, as sales in China fell by a quarter.

Economy|Europe|Finance

Germany's Merz: I will prioritise welfare reform over popularity

German Chancellor Friedrich Merz said on Tuesday he was ready to sacrifice his popularity in opinion polls to push through long-overdue welfare system reforms that

Economy|Election|Political

GOP senator said gas prices would decide the midterms. Now they’re threatening his reelection

GOP senator said gas prices would decide the midterms. Now they’re threatening his reelection

Economy|Finance

Growing debt burden poses significant risk to developing nations, G24 chair says

The debt vulnerabilities of many developing economies are a "major barrier" to inclusive growth, the chair of the Group of 24 nations said on Tuesday, warning

Business|Economy

South Korea's Lee welcomes home Arctic container ship as route faces viability tests

South Korean President Lee Jae Myung on Tuesday welcomed home the first South Korean container ship to sail to Europe and back via the Arctic, as Seoul pushes to

Arts|Economy|Finance|Technology

Hedge funds are a top draw in Asia as investors look beyond bonds

Hedge funds are drawing in new fans and a rush of capital from Asia, as pensions, family offices and other investors look to alternative

Arts|Business|Economy|Finance|Science|Technology|US

BlackRock cools on US stocks, turns bullish on short-dated Treasuries

The BlackRock Investment Institute said it had downgraded its view on US stocks to neutral, citing volatility around AI, and upgraded Treasuries, preferring short-term

Arts|Business|Economy|Finance|Technology

Visa wins approval to prepare a bank card clearing business in China

Visa has received approval to prepare for a bank card clearing business in China, allowing it to compete in the country's payments market

Arts|Asia|Business|Economy|Finance|Technology|World

Visa gets approval to prepare for domestic business in China

US payments firm Visa has received approval from China's central bank to begin preparations for a domestic bank card clearing institution in the country, ending years of waiting to

Business|Economy|Finance|World

China's exports seen growing at faster pace in September: Reuters Poll

China's exports are expected to have expanded at a slightly faster pace in September, sustaining robust momentum despite pressure from some trading partners and remaining

Business|Economy|Finance|Technology|World

IMF cites AI slowdown, spiking yields as looming global market risks

The International Monetary Fund warned on Tuesday against "complacency" in global financial markets, citing risks from an

Business|Economy|Finance

88.6% of Japan households expect prices to rise a year from now, BOJ says

The ratio of Japanese households expecting prices to rise a year from now hit 88.6% in September, a quarterly Bank of Japan survey showed on Tuesday, down from 90.4% in the

Economy|Europe|Finance|MidEast|Stock Markets|Technology

The fragile AI trade 

A look at the day ahead in European and global markets from Ankur Banerjee A steep rout in AI stocks on signs that China is swiftly closing the tech gap has cast a shadow over

Business|Economy|Europe|Technology

Europe's carmakers turn back time to rival Chinese EVs

As Chinese electric vehicle makers challenge Europe's auto industry with cheaper cars and increasingly sophisticated technology,

Business|Economy|Science|Technology

Nvidia's China AI-chip share falls as Huawei closes gap, report finds

Nvidia's share of China's market for data-centre AI chips fell to 34% in the first half of 2026, as US export controls restricted supplies of its products and domestic

Arts|Economy

Japan's wholesale inflation remains elevated, keeps alive BOJ rate-hike view

Japan's wholesale prices rose 6.8% in the year to September, according to data released on Tuesday, slowing from the previous month but highlighting mounting

Business|Economy|Finance

Britain needs to keep deficit reduction on track, IMF says

Britain needs to ensure it sticks to its deficit reduction plans as government borrowing soars elsewhere, the International Monetary Fund warned on

Economy|Finance

South Korea's Lee says country cannot avoid raising interest rates

South Korea cannot avoid raising its benchmark interest rate in the near future to narrow a widening yield gap with the United States and align

Business|Economy|Finance

IMF raises its forecast for world growth this year but says economies will slow in 2027

The International Monetary Fund has slightly upgraded its outlook for the world economy for this year, but it's forecasting growth at a still sluggish 3.1%

Business|Economy|Technology

Japan's Omron to buy US industrial PC firm Onlogic for $675 million in physical AI push

Japanese manufacturer Omron will buy US industrial PC firm Onlogic and its parent company, Interlogic, for $675 million, the company said on Tuesday.

Arts|Business|Economy|Environment|Travel

Saudi capital's airport to remain shut this week as airlines cancel services

Authorities have extended the closure of Riyadh's international airport until Saturday and airlines scrapped flights

Business|Economy|Finance|Technology

AI investment props up global growth, but war and debt threaten outlook, IMF says

The global economy will still manage to top 3% real GDP growth this year as strong AI investment offsets the energy shock from the war in the Middle East,

Business|Economy|Finance|World

IMF expects gradual BOJ rate hike towards neutral setting

The International Monetary Fund said on Tuesday the Bank of Japan will likely raise interest rates gradually "toward a neutral setting" despite an expected slowdown

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IMF cuts Latin America, Caribbean growth forecasts on energy shock, little AI boost

The International Monetary Fund trimmed its growth forecasts for Latin America and the Caribbean for this year and next and said most of the region was getting little lift

Economy|Europe|Political|US|World

Kyiv says Russia hits energy targets despite Trump ceasefire announcement

Russia hit at least six energy targets during deadly airstrikes across Ukraine, showing it had no interest in an energy ceasefire announced

Africa|Economy|Europe|MidEast|Political|World

Moroccan centrist party agrees to form coalition government with three other parties

Morocco's centrist Authenticity and Modernity Party (PAM), who topped last month's parliamentary election vote, will form a coalition government with