The Irish presidency wants to trim the 2028–2034 financial framework to around €1.6 trillion, a reduction aimed at satisfying frugal member states. Germany, Sweden and the Netherlands say it still isn't tight enough.
The People's Bank of China cleared Visa to begin preparatory work on October 13. It still needs further authorisation before it can process domestic transactions — and rivals American Express and Mastercard are already further along.
The European Commission president used her State of the Union address to call for the Single Market to be completed and red tape cut. A new EU Inc proposal would let founders register a company online in 48 hours for less than €100.
France's civil aviation authority ordered 5% of flights cancelled at Charles de Gaulle and 25% at Marseille-Provence on Tuesday. The disruption follows a pay-freeze dispute; no link between the airport's operator and a sanctioned airline is established by the available facts.
The failures sent stopping distance from 38 to 140 metres and left drivers without conventional foot brakes. China's government has since published draft rules requiring 30,000km of road testing before any new model can go on sale.
At a Singapore conference, both CEOs warned that the cost and availability of funding could prove harder to solve than shortages of semiconductors or power. Broadcom is assembling $60 billion in debt financing; Intel raised $20 billion in stock in August.
A review of 19 jurisdictions found that China, Australia, Brazil, the EU and Switzerland lack emergency funding arrangements for failing banks that meet the Financial Stability Board's standard. Only Hong Kong, Japan, the UK and the US fully comply.
Intel's integrated model — designing and making chips under one roof — meant every factory delay hit its products directly. Rivals handed manufacturing to specialists, and TSMC now controls 72.5% of the foundry market.
The informal transfer network can reach remote villages within days and offers exchange rates far better than official channels. A 2024 survey found 93 percent of Myanmar remitters in Thailand used informal routes, despite the military government branding hundi illegal.
Yuriy Ryzhenkov says Russian strikes forced both of the company's steel mills to halt in August and September. A 60% cut to Ukraine's EU steel quota and a tightening seaport blockade have compounded the pressure.
A weak monsoon cut hydropower output while hotter weather pushed electricity demand up 9.5 per cent. Then late rains flooded the coal-mining regions, disrupting supplies to plants already running short.
The company persuaded TotalEnergies to oppose a proposed deal with Kazakhstan's government over a sulfur-handling penalty at the oil field. ExxonMobil has said its plan to expand Kashagan depends on the dispute being resolved first.
The moratorium would target semi-finished nickel products, which make up 50 to 60 per cent of Indonesia's output. Chinese investment accounts for about 75 per cent of the country's nickel refining industry and has contributed to the oversupply.
Local governments can now draw on existing borrowing room without seeking fresh approval from the national legislature. Around 40% of an estimated 1.4 trillion yuan in unused quota will be released, split between general budgets and infrastructure projects in Q4 2026.
Finance ministers agreed to expand ESMA's powers over major market operators, but scaled back the original plan. Deutsche Börse stays under German supervision, and the number of trading venues under direct EU oversight falls from 12 to 8.
The administration struck deals with more than 20 partners in 2025, but several never materialised or remained non-binding. Their combined share of US exports fell from 44% to 42% in the year that followed.
Germany, Spain and four others have asked Ireland, which holds the EU's rotating presidency, to consider a bloc-wide windfall levy. Energy executives warn the move could end voluntary consumer protections like capped fuel prices.
US regulators found the company's anti-money-laundering controls were so weak that suspected trade-based activity slipped through undetected for ten years. The Federal Reserve also issued a cease-and-desist order against American Express and its travel services subsidiary.
Putin asked Trump's envoys to help broker the deal when they met at the Kremlin on 5 September. Todd Boehly is leading the buyer consortium, which includes UAE investors and the US development finance agency.
Emails involving Levi's, Hanes and Scotts Miracle-Gro sit at the centre of the state's price-fixing claim. Amazon says its conduct is pro-competitive and saves customers money.
Berlin cited Zippel's role in defence and NATO logistics, and fears that Chinese ownership would deepen Germany's strategic dependence on Beijing. COSCO already holds a stake in a Hamburg container terminal.
The prime minister says the choice will come down to price, quality and construction time, with a decision on technology due by the end of 2027. Armenia has also signed a civil nuclear deal with the US and reviewed proposals from about a dozen companies.
The ban, which took effect on October 8, covers ByteDance's own promotions and any third-party campaigns linking to TikTok. Meta said it has no obligation to run ads for a competitor trying to pull users away from its apps.
The deal would see ESMA supervise stock exchanges, clearing houses and crypto providers directly, rather than simply coordinating national regulators. Germany secured an exemption for Deutsche Boerse, and a final text still needs to clear the European Parliament.
The Syrian Sovereignty Fund holds factories, banks and real estate seized from figures linked to the former regime, and employs over 40,000 workers. It has signed a $7 billion deal with a UAE developer — but publishes nothing about its finances or management.
The debt milestone arrived four years ahead of pre-pandemic forecasts. Interest payments hit a record $1.1 trillion for the year, and the Congressional Budget Office's February projection of $39.4 trillion was made before the US went to war with Iran.
BP is also evacuating workers from offshore platforms. The Gulf's offshore fields account for about 15% of US oil production, and forecasters say the storm could strengthen into a hurricane by the weekend.
French covered bonds have widened by eight basis points on average, more than double the spread increase seen in German equivalents. Shorter maturities would give France more flexibility but would expose its interest bill to rising yields more quickly.
The German retailer's chief executive travelled to Moscow to request the move, fearing it would otherwise be caught off guard. Putin signed the decree on 28 September; Metro retains formal ownership but has lost operational control of a business with €2.6 billion in annual sales.
The agency will not charge the three asset managers over their role in backing dissident directors at ExxonMobil's shareholder meeting. Its report warns that joining groups seeking to influence board composition could cost investors access to cheaper reporting forms.
Governor Abbott has halted both grid connections and environmental permits for data centres while audits are completed. The queue of requested capacity has grown to 474 GW — more than five times the state's record peak load, with data centres behind roughly 90% of requests.
Russia struck Bunge's facility in Dnipro on 10 September, the latest in a string of hits on Ukraine's processing and export network. Traders are reporting delays of up to 60 days on Black Sea shipments, and India — the world's largest sunflower oil buyer — is looking elsewhere.
Cheaper solar and faster construction are giving developing countries a different path from the coal-and-gas route taken by Europe and the US. Renewables made up 86% of new power capacity added worldwide in 2023, with $152 billion invested in developing countries the previous year.
Moscow wants planes, crews and maintenance to meet a near-tripling of passenger traffic on the route. Vietnam's main airline flies only Airbus and Boeing jets, and handing any over could expose it to US secondary sanctions.
The jump follows the surge in crude prices after the US and Israel attacked Iran. Shell also completed its $16.4 billion acquisition of ARC Resources in September, lifting its gas production forecast.
The European Commission is reworking its CORE proposal — a fixed annual charge on large companies — to capture more revenue from Apple, Meta and Google without triggering US tariff retaliation. Most of the 27 member states currently oppose it, and any revised version needs their unanimous approval.
The Iraqi Oil Tankers Company chartered a supertanker for the voyage after its own fleet shrank from 23 vessels to six small ships. Baghdad now wants to buy modern crude carriers to cut its near-total reliance on foreign operators.
Beijing has imposed a 20 per cent tax on offshore gains and trust income, reaching back a quarter of a century. Wealthy mainland Chinese are rethinking the structures they use to hold money abroad, with some shifting towards family offices in Dubai and the Cayman Islands.
Rules introduced in July put a 20 per cent tax on gains when assets move into offshore trusts, with a 90-day settlement window closing on October 22. How the rules apply to private placement life insurance remains unresolved, with further guidance expected.
The canal authority is reducing daily crossings from 36 to 32 and tightening draft limits from September 15. The same lakes that keep the locks running also supply drinking water to more than half of Panama's population, and both have fallen to critically low levels.
Imports grew three times as fast as exports in August, driven by crude oil, gold and semiconductors. The monthly gap is the largest since before Trump's Liberation Day tariff announcement.
Global investment banks including Citigroup and JPMorgan have moved into chip-backed lending across Asia, a market once led by private credit funds. Lenders face hard questions about GPU depreciation, technology obsolescence and US export restrictions — even as PwC puts Asian data-centre spending at $8.2 trillion by 2050.
Beijing's competition regulator is the last hurdle for Anglo American's acquisition of Teck Resources, demanding volume commitments for Chinese smelters facing their worst concentrate shortage in decades. The deal is expected to close by March 2027.
Energy Commissioner Dan Jorgensen has asked officials to examine a one-year postponement of the import rules, due to take effect in January 2027. Analysis suggests compliance problems could shut out roughly 43% of the EU's natural gas imports and 87% of its crude oil imports.
Indonesia, Thailand and Vietnam have suppressed fuel prices since the US-Iran war, but their dollar reserves have fallen by between 15% and 40% this year. The World Bank says Middle East oil exports won't return to pre-conflict levels until mid-2027, leaving governments with less room to absorb the next shock.
David Reuben has left Holland Park for Monaco, where his brother Simon has lived for about 40 years. The pair have a combined estimated net worth of nearly £28 billion.
The ban cuts Namibia off from its largest beef market overnight. More than 80 percent of the country's beef exports — around 10 million kilos a year — go to Europe.
Moscow paid refiners almost 916 billion rubles in fuel subsidies this year after banning most exports and importing more to keep domestic supplies stable. Oil revenues fell more than 60% from the previous month in August, pushing the federal deficit to 2.8% of GDP, well above its 1.6% target.
The two leaders have written to European Commission president Ursula von der Leyen calling for a mechanism that could restrict Chinese access immediately, without needing every member state to agree. Bloomberg Economics put the cost of lost market share to Chinese manufacturers at 0.7 per cent of EU GDP in 2025.
Qualcomm claims Arm withheld required chip testing tools and leaked a termination threat to journalists, derailing negotiations with Meta. Arm calls the claimed harm speculative and denies any breach.
The average customer lost 35.1 minutes of supply last year, with a 6.6 times gap between the best and worst served areas. NESO has identified over 80 transmission upgrades it says are needed to meet demand.
The seven-country deal covers operations in Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea and Australia. AkzoNobel expects around $1 billion in net cash after tax as it strips back its portfolio ahead of a planned merger with US coatings maker Axalta.
Maroš Šefčovič wants voluntary limits on Chinese hybrid and electric car exports after Brussels imposed tariffs in 2024. He has warned that thousands of EU jobs are at stake if the trade gap does not come down.
Ministers want to keep British carmakers inside the EU's proposed Made in Europe scheme, which rewards manufacturers who align with the bloc's China trade policy. The EU took 58% of UK car exports in the first half of 2026, giving Britain little room to diverge.
More than 160 offshore workers at Apache have voted for industrial action after rejecting a 4% pay offer. A shutdown of the Forties pipeline system, which carries about 30% of UK oil and gas, could follow — at a moment when diesel has hit a record £2 a litre.
The French industrial conglomerate is near completion of a deal that could be announced as soon as Monday. Talks are still under way and could yet fall apart.
The struggling broadband provider is racing to sell its consumer and wholesale businesses before it collapses. BT has opened talks with the UK government about a possible takeover, while the rescue of its wholesale arm hinges on whether Openreach will write off more than £100 million in payments.
Masayoshi Son has committed vast sums to OpenAI and Stargate, but lenders have pushed back on his financing plans. SoftBank's shares fell 12% after OpenAI delayed its IPO, wiping out $38 billion in market value in a single session.
A single line in the 2018 Farm Bill legalised hemp products that now sell at 35,000 locations across the US. A ban taking effect 11 December caps THC at 0.4 milligrams per container, threatening $28 billion in retail revenue and 225,000 jobs.
The London fintech, founded in 2015 with $500,000 of its chief executive's trading earnings, had 68.3 million customers and £1.7 billion in profit before tax in 2025.
The element, 712 feet long, is the fourth placed in a trench south of the Danish island of Lolland, extending the crossing to 2,950 feet. Separately, the €2.8 billion NeuConnect cable linking Britain and Germany has finished installation in UK waters and is being laid through Dutch waters towards Germany.
Hundreds of village-town lenders have been absorbed, and bigger banks are following. The six largest state-owned banks now hold 44% of all commercial bank assets, and Beijing is using the shake-up to steer credit toward its own priorities.
Two reactors would use South Korea's APR1400 design and six would use Westinghouse's AP1000, with all eight targeted to be under construction by 2030. A South Korean consortium may take on the full build, filling a gap left by the near-total absence of US construction capacity for projects of this scale.
British gene-edited crops would be exempt from EU rules until new European regulations take effect in 2028. The wider agreement would strip away most food and agricultural trade checks, but leave Britain bound by EU rules it no longer shapes.
The package pairs a $42 billion senior-secured tranche, syndicated by Bank of America, Citigroup and Morgan Stanley, with an $18 billion junior tranche led by Blackstone. Anthropic has committed $125.2 billion over five years for computing capacity.
The container ship cut the China-Europe journey to about twenty days, half the time of a Suez Canal voyage. Asia-to-Europe transits hit a record 103 passages last year, though they still account for less than 9 percent of all cargo on the route.
The North Caterpillar mine in Karaganda Oblast is due to begin production in 2030. It is part of a push to build a tungsten supply chain outside China after Beijing's export controls sent global prices up more than 200% since May 2025.
The company is in talks with outside investors to fund a fleet of Grace Blackwell chips through a special-purpose debt vehicle, retaining up to 10% equity. Customers reserving Nvidia-based capacity on Amazon's cloud will face higher rates from next week.
The Swiss drugmaker will pay $575 million upfront for global rights to an experimental autoimmune therapy that uses mRNA to destroy disease-causing cells. The deal comes months after two late-stage trial failures wiped around $30 billion from Novartis's market value.
The pipeline would carry more than a million barrels a day from Alberta to the B.C. coast, and officials say it could add $30 billion a year to Canada's economy. Indigenous communities are being offered a minimum 10 per cent stake, though it is not yet known whether they will accept.
The pair will not join David Ellison's management team when Paramount Skydance and Warner Bros. Discovery complete their deal on Oct. 6. Paramount's Dana Goldberg and Josh Greenstein are set to oversee both studios, with a combined slate of 30 films a year.
Payroll growth has slowed sharply, with hiring in July now revised into negative territory. The unemployment rate held at 4.2 percent, but the report leaves open whether the weakness is temporary or something more persistent.
The two sides could not find a way to protect the French insurer from anticipated US restrictions on dollar transactions. The ICC says it has a new health insurance provider, but has not named it.
The projected 471.4 billion rubles is nearly double what companies paid in 2025. Most of the money started arriving after Putin reportedly asked business leaders at a closed-door meeting in March to help fund the war.
The Treasury Department targeted Iran Khodro and SAIPA, which together produce nearly 1.5 million vehicles a year. Rail companies and overseas firms supplying auto parts were also named under Operation Economic Outcast.
The US is hosting two days of talks while pressing ahead with tariffs on 60 economies over forced labour and probing 16 more over industrial overcapacity. Analysts say partners will raise concerns, but breakthroughs are unlikely.
Beijing's commerce ministry called the reported EU instrument a protectionist measure that would disrupt China-EU trade. Germany and France are pushing the European Commission to fast-track a tool modelled on a US unfair trade provision.
The 700,000-barrels-per-day plant would take around 30 months to build. Africa's richest man says the continent will largely supply its own refined fuel needs by 2030, though financing and approvals have yet to be detailed.
Drought, heat waves and forest fires have hit crops and livestock across the bloc, EU agricultural commissioner Christophe Hansen said after meeting ministers in Brussels. The final bill won't be clear until harvests are complete.
Chirantan 'CJ' Desai left MongoDB after less than a year to become Meta's chief enterprise platform officer, reporting directly to Mark Zuckerberg. MongoDB has brought back its former long-serving chief executive as interim replacement.
The two sides have identified non-sensitive goods worth roughly $30 billion in each direction as candidates for lower tariffs. No reductions have been announced yet, and any cuts will depend on separate legal processes in Washington and Beijing.
The retreat follows Xi Jinping's 2021 pledge to stop funding coal power plants abroad. Experts warn that regulatory loopholes still allow Chinese companies to invest in overseas coal, though the scale is unclear.
A Reuters study estimates 80% of idle terminal capacity could restart quickly once attacks stop. But three heavily damaged facilities, handling a fifth of Russia's regional export infrastructure, may need months of repairs.
Four attacks in five weeks have made safe operations impossible at the Kryvyi Rih facility, which employs around 16,000 people. The company expects a $1 billion write-down as a result of the closure.
A connection screw in the steering system can corrode in road salt and damp conditions, potentially causing a loss of steering control. No incidents or injuries have been reported, and dealers will replace the part free of charge in under an hour.
Moisture and road salt can corrode the steering-mounting bolt over several years, potentially causing drivers to lose control. No accidents have been reported, and owners can have the part replaced free of charge.
Energy plants, steel mills and Black Sea export routes have all taken hits. With winter approaching, officials say the wider cost — lost output and blocked trade — could run to tens of billions more.
Nine in ten working-age people are unemployed and GDP per person has fallen to $212 a year. The UN estimates rebuilding will take decades and cost $71.5 billion.
The new package brings total French fuel relief spending to €1.4 billion. It comes as the government juggles a budget deficit of 5.4% of GDP and public debt nearing 120%, with prices driven up by the closure of the Strait of Hormuz.
France says public subsidies should go only to factories inside the EU's 27 member states. Germany wants the rules extended to trading partners such as Norway, Switzerland and Canada.
The German board member leaves after seven years, becoming the third consecutive German ECB executive to depart before completing a term. No German has finished a full mandate at the bank since 2006.
The 120-kilometre link between Damerjog and Dewele is designed to cut transport costs and tanker traffic on Ethiopia's main trade corridor. It is due to become operational within 18 months.
Brussels imposed duties of up to 45% on Chinese electric vehicles in 2024, but left hybrids at a flat 10%. Imports have risen from 3,800 a month to roughly 50,000, and Chinese brands now hold 12% of all new European car sales.
Treasury Secretary Scott Bessent announced the extension after meeting Chinese Vice Premier He Lifeng in Washington. The two sides now have more time to resolve outstanding issues or negotiate a wider deal, though no new terms were announced.
People Incorporated, which owns 27% of MGM, withdrew its $48.30-per-share cash offer after several months of negotiations. MGM shares fell 10% on the news, hitting their lowest level in seven months.
The decade-long programme offers rent relief and capital support, but investors were rattled by the remodelling bill franchisees still face — at least $1.2 million per US location. The company also warned that customer traffic is likely to stay flat while inflation remains elevated.
Around four in five young workers want to move up in their careers, and nearly half want feedback from their boss at least weekly. But just 19% see secure employment as realistic, and more than half say financial pressure is pushing major life decisions back.
The AMC Kips Bay 15, the only IMAX cinema on Manhattan's East Side, is set to close at the end of 2026. More than 3,200 people have signed a petition to save it, and seven elected officials have written to NYU Langone demanding answers — so far without a response.
The mobile money arm of Bharti Airtel had been seeking between $1.5 billion and $2 billion. It is now targeting a valuation of $8 billion to $9 billion, with a prospectus expected in early October.
The cruise operator is moving into land-based resort ownership for the first time. The deal, which values Sandals at $6 billion, gives Royal Caribbean joint control of 20 Caribbean properties alongside the founding Stewart family.
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