Today: October 25, 2026
Today: October 25, 2026

Economy

Business|Economy|Finance|Science|Technology

Data center spending to more than double to $2.1 trillion by 2028, BofA says

Global data center spending is expected to hit $1 trillion in 2026 and more than double to $2.1 trillion by 2028, BofA Global Research

Business|Economy|Finance|Technology

Wells Fargo, Intuit latest companies to object to their shares being tokenized, document shows

Six more companies, including Wells Fargo, Arm Holdings and Intuit, will not allow their shares to be tokenized on a joint trading platform backed by

Business|Economy|Finance

Bank of Canada to raise rates to 2.50% on October 28 and once again by end-March

The Bank of Canada will raise its overnight rate by 25 basis points to 2.50% on October 28 and follow with one more hike by the end of March to pre-empt any

Arts|Business|Economy|Environment|Science|Technology

First Quantum readies Argentina tax-break plans for $5.3 billion Taca Taca copper project

First Quantum Minerals plans to apply before year-end for Argentina's large-investment incentive regime for its Taca Taca copper project, Foreign Minister Pablo Quirno said on

Economy

Trump says Canada 'working very hard' to make a deal with US

US President Donald Trump said on Friday that Canada is working hard to make a trade deal with the United States.

Arts|Business|Economy|Finance|Technology

Fast-fashion group Shein agrees to pay $100 million to settle US FTC probe

Chinese fast-fashion giant Shein has agreed to pay $100 million to settle an investigation by the US Federal Trade Commission over delivery

Business|Economy|Science|Technology

Barclays is latest to redirect spending toward AI as it trims its workforce

The cost of building out the infrastructure needed to satisfy booming demand for artificial intelligence is changing the way major companies allocate resources

Business|Economy|Finance|Stock Markets|US

US business activity cools in October; strong demand fueling price pressures

US business activity slowed modestly in October, though robust demand allowed companies to raise prices for goods and services, a sign that inflation

Arts|Business|Economy|Finance|World

Canada August retail sales rise 1.2%

Canadian retail sales rose 1.2% in August from July to C$74.57 billion ($53.2 billion), slightly less than expected, and were led by higher sales at

Business|Economy|Finance|Stock Markets|Technology

Wall St opens lower after AI rout; SpaceX worries hit telecoms

Wall Street's main indexes opened lower on Friday as caution prevailed after a sharp selloff in AI-linked stocks, while telecom stocks tumbled on fears that intensified competition

Business|Economy

China aims to stabilise number of new births with policy support

China should offer more support to families to stabilise the number of new births, the cabinet said on Friday, as policymakers seek to address the country's population

Business|Economy|Finance

US consumer sentiment near record low ahead of midterm elections

US consumer sentiment edged down to near a record low in October as rising prices because of the Middle East conflict soured households' views of the economy on the

Business|Economy|Science|Technology

Why AI data centers are powering a boom in fuel-cell demand

Fuel cells are gaining traction among US hyperscalers racing to build data centers for the AI boom but struggling with grid constraints to

Economy

EU vows to fix 'China Shock 2.0' via talks with Beijing

The European Union should focus on dialogue with Beijing to curb imports of products such as chemicals and machinery to rein in a

Business|Economy|Finance|Technology

Wall Street regulator to focus on AI, private assets in corporate exams

The US Securities and Exchange Commission said Friday that the use of artificial intelligence, private assets and tokenized securities would be among key areas of focus

Business|Economy|Finance

American Express profits rise; company plans to cut workforce by 5%, or about 3,500 employees

American Express profits have risen sharply in the third quarter as it transitions most members to a higher-fee Platinum Card

Economy|Political|World

Trump's diesel price relief efforts grow costlier as election nears

With the November midterm elections fast approaching, President Donald Trump is throwing an array of costly and politically fraught solutions at

Business|Economy|Finance|Stock Markets|US

Global equity funds attract inflows for a fifth consecutive week

Global equity funds attracted inflows for a fifth consecutive week in the week through October 21, as easing Treasury yields and strong early corporate earnings lifted investor

Business|Economy|Political|US

Canadian jet maker Bombardier says it plans new $270 million US investment

Canadian jet maker Bombardier plans to invest $270 million in the United States and add 300 jobs, the company said on Friday, days after President Donald Trump dropped

Business|Economy|Finance

US equity funds post inflows for a second straight week

US equity funds attracted inflows for a second consecutive week in the seven days to October 21, as easing Treasury yields and strong corporate earnings so far bolstered investor

Business|Economy|Finance|Technology

Volvo Cars shares in record plunge on widening losses, job cuts

Volvo Cars shares plunged 24% on Friday after the Swedish carmaker posted a far bigger-than-expected third-quarter operating loss, doubled its cash burn

Economy

First Russian diesel from Putin-Trump deal heading for US, data shows

The first Russian diesel bound for the US following a surprise agreement reached between Moscow and US President Donald Trump is aboard a tanker heading for New York, ship-tracking

Business|Economy|Finance

AmEx lifts 2026 profit forecast, plans to cut 5% of workforce

American Express raised its 2026 profit forecast above Wall Street expectations on Friday and announced plans to eliminate 5% of its global

Arts|Economy|World

Brazil mid-month inflation undershoots forecasts ahead of presidential runoff

Brazil's IPCA-15 consumer price index rose 0.32% in the month to mid-October, government statistics agency IBGE said on Friday, down from 0.70% in the previous month and

Business|Economy|Travel

Airfares are way up compared to last year. Don’t expect it to change this holiday season

Airfares are way up compared to last year. Don’t expect it to change this holiday season

Business|Economy|Finance|Health|Science

GLP-1 boom in China, India, Brazil could create $22 billion market by 2035, J.P. Morgan says

The combined China-India-Brazil market for weight-loss drugs could grow to $22 billion by 2035 from $6.6 billion currently, J.P.

Economy|Political

How China's October 26 to 29 Communist Party plenum works

The elite Central Committee of China's ruling Communist Party holds a closed-door meeting in Beijing from Monday to Thursday that will set the political tone ahead of late 2027's

Economy

Turkey's policy shift on track despite slower disinflation, election test awaits, S&P says

Turkey's tight monetary stance and shift away from unorthodox economic policies underpin its sovereign rating, but slower disinflation and the run-up to

Business|Economy|Finance

Citi wins licence to set up fully-owned China securities unit

China's securities regulator said on Friday it has approved a plan by Citi to establish a fully owned securities unit in the country, allowing the

Business|Economy|Europe

Volkswagen's workers threaten strikes unless it reinstates wage deals

Volkswagen workers on Friday threatened strikes from January unless Europe's top automaker reverses a recent cancellation of wage deals by the end of

Arts|Economy

US airlines favor higher fares over fuller planes as fuel costs squeeze profits

US airlines are increasingly willing to fly with empty seats rather than slash fares simply to fill them, betting that disciplined pricing and flight

Business|Economy|Finance

Gucci owner Kering drops 16% as luxury braces for tough winter

Shares in Gucci owner Kering tumbled 16% on Friday, set for their worst day ever after the group reported further sales declines but said it would stick with

Arts|Business|Economy|Technology

China's BYD plans to double capacity at Brazilian plant

Chinese electric carmaker BYD is seeking permits to double annual production capacity at its Brazilian plant to 600,000 vehicles, as it nears

Business|Economy|Environment|Science|Technology|World

Chevron uses Permian playbook to breathe life into Argentina’s ‘Dead Cow’ oil region

In a windy, remote oilfield in Argentina, Chevron is bringing in US workers, equipment and expertise, betting it can recreate the Permian Basin

Business|Economy|Finance|Stock Markets|Technology

Safety first

Markets are battening down the hatches.

Economy|Environment|Science

How close is the Amazon to a 'tipping point?' Brazil’s election could help shape its future

Brazil's presidential election could be a turning point for the Amazon, the world's largest rainforest

Business|Economy|Finance|Political

Top Trump political advisers donate fee for work on behalf of pro-Russian government after he floated firing them

Top Trump political advisers donate fee for work on behalf of pro-Russian government after he floated firing them

Economy|Science|Technology

Bank of Japan warns of risks from AI market shock, cyberattacks

The Bank of Japan warned on Friday of rising risks caused by AI, including growing cybersecurity threats and potential market shocks, that

Economy|Finance

China's January-September fiscal revenue up 5.1% y/y

China's fiscal revenue increased 5.1% in the first nine months of 2026 from a year earlier, following a gain of 5.7% in the January-August period, the finance ministry said

Business|Economy|Finance

UK businesses report strongest month since February, PMI shows

British businesses are having their strongest month for activity since February as new orders grow and AI-related demand picks up, according to a survey published on Friday.

Business|Economy|Europe|Finance

Euro zone growth slows to 4-month low amid rising costs and French strife, survey shows

Growth across the euro zone's private sector slowed to its weakest pace in four months in October, hurt by an energy-driven rise in costs and a renewed

Business|Economy|Science|Technology|World

Japan to simulate cyberattacks as PHP flaws roil global internet

Japan said on Friday it will set up a team to simulate cyberattacks using AI to identify weaknesses in technology systems as organisations scramble to curtail risks from

Africa|Economy|Environment|Food|Health|World

New famine risk haunts war-torn Sudan with El Niño-driven drought

Across Sudan, farmers who have struggled to harvest their crops since a civil war

Business|Economy|Finance|Technology

AI trade meets the Fed

An eye-catching week is in store as rate-setters at the Federal Reserve, European Central Bank and Bank of Japan announce policy decisions, while investors will gauge whether

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

European stocks post weekly loss as France turmoil, oil prices dent earnings optimism

European stocks suffered their steepest weekly loss since early September, as tensions in France and higher oil prices dampened the optimism sparked

Arts|Business|Economy|Education|Entertainment|Environment|Finance|Food|Science|Technology|World

Taiwan says China using militia boats to expand 'battlefield preparation' in western Pacific

China is combining militia vessels with coast guard ships to expand "battlefield preparation" around Taiwan and into the western Pacific,

Arts|Economy|Environment|Finance

Hold, hike and cut? Bank Indonesia says there's logic to the policy mix

Bank Indonesia on Friday pushed back against criticism by some in the market that its latest policy package was confusing, saying the measures were aimed at improving how

Arts|Asia|Business|Economy|Europe|Finance|World

From Buenos Aires to Colombo, discontent simmers under the surface of rebounding economies

Gustavo Raul Perez furrows his brow over a notebook at the hardware shop he has run for six

Arts|Business|Economy|Europe|Finance|World

French business activity contracts in October amid political, financial pressures, PMI shows

French business activity unexpectedly contracted in October, marking a quick reversal from September's growth, a survey by S&P Global showed on Friday.

Business|Economy|Science|Technology|World

China's MiniMax completes export registration for open-source, overseas AI model licensing

AI developer MiniMax said on Friday it had completed the technology export registration with China's commerce ministry for open-source release and overseas licensing of "

Arts|Business|Economy|Environment

UK retail sales fall as consumer confidence tumbles

British consumers reined in their shopping in September as a warm start to the autumn hurt clothing sales and higher fuel prices ate into household

Business|Economy|Europe

German business activity growth softens in October, PMI shows

Germany's private sector growth softened in October as inflows of new work rose only modestly, a preliminary business survey showed on Friday.

Economy|Finance|Stock Markets|US

Wake up! The long bond's up two points!

(Corrects to fix typographical error in paragraph 5) A look at the day ahead in European and global markets from Wayne Cole.

Economy|Europe|World

Ukraine seeks to move customs checks inside EU to avoid Russian drones, FT reports

Ukraine is in talks with EU member states Poland and Slovakia about moving customs checks on lorries carrying grain exports from the border to inside those countries, to halt

Business|Economy|Technology

South Korean economy's growth likely picked up in Q3 on chip exports: Reuters poll

South Korea's economy grew slightly faster in the third quarter than in April to June, as booming semiconductor exports and AI-related investment helped

Business|Economy|Finance|Stock Markets|Technology

SK Hynix puts US IPO of chip unit Solidigm on hold after Seoul authorities raise concerns

SK Hynix on Friday put on hold a planned US listing for its Solidigm chip unit due to market volatility — a move which also comes

Arts|Asia|Business|Economy|Environment|World

Nepal to get $20 million from climate fund after deadly August flood

Nepal will receive $20 million in aid from the United Nations' climate loss and damage fund after the devastating flood along its border with China’s Tibet region in

Economy

Trump keeps hinting he’ll resume the Iran war after the midterms. These Iowa GOP voters sound wary

Trump keeps hinting he’ll resume the Iran war after the midterms. These Iowa GOP voters sound wary

Business|Economy|Science|Technology

FCC grants Intel waiver to use existing foreign-made robotic devices

The Federal Communications Commission said on Thursday it has granted a waiver to Intel from its ban on some foreign-made advanced robotics to allow

Asia|Business|Economy|Finance|World

Japan manufacturing growth slows to 7-month low in October, PMI shows

Japan's manufacturing sector expanded at its slowest pace in seven months in October as output and new order growth eased, a business survey showed on Friday.

Business|Economy

Japan government, BOJ gap on inflation laid bare ahead of key policy meeting

Japan has yet to meet the conditions for officially declaring victory over deflation, Economy Minister Minoru Kiuchi said on Friday, exposing a divide with

Business|Economy|Technology

HD Hyundai to build US shipyard with Kiewit, create 3,000 jobs

HD Hyundai Co said on Friday it has signed a deal with Kiewit Corp to start building an advanced US shipyard next year, with operations expected to begin in 2029 and create

Business|Economy|Finance

Mexico's Bimbo lifts lower end of full-year EBITDA outlook

Mexico's Grupo Bimbo, among the world's top distributors of baked goods, on Thursday raised the lower end of its adjusted EBITDA margin expansion guidance for the year.

Arts|Business|Economy|Entertainment|Finance|Lifestyle

Whitehaven Coal's first-quarter output rises nearly 22%

Australia's Whitehaven Coal reported about a 22% rise in first-quarter output on Friday, driven by resilient production in its Queensland operations and volume recovery at its New

Australia|Business|Economy|Environment

Australia's Rio Tinto to invest $1.9 billion in Queensland bauxite project

Rio Tinto said on Friday it will invest $1.9 billion to develop the Kangwinan bauxite project in Queensland, Australia, replacing output from its ageing Andoom mine and lifting

Arts|Business|Economy

Newmont beats quarterly profit estimates on higher gold prices, Cadia recovery

Newmont beat analysts' third-quarter profit estimates on Thursday, as elevated gold prices and a recovery in copper production at its Cadia mine

Business|Economy|Finance

Grupo Mexico to press ahead with major US copper projects after output dip

Grupo Mexico said on Thursday it will push ahead with major investments at its US mining unit Asarco, expanding the Ray and Silver Bell mines in Arizona

Business|Economy|Finance|Technology

SpaceX seeks access to 80,000 US cell sites for wireless network, Bloomberg News reports

SpaceX is in talks with cellular infrastructure companies to secure access to at least 80,000 sites across the United States, Bloomberg News reported on Thursday, citing people

Economy|Finance

UK consumer confidence tumbles ahead of Healey's budget, GfK reports

British consumer confidence has suffered its sharpest month-on-month fall since early in the COVID-19 pandemic as economic worries deepen, according to a survey that

Arts|Business|Economy|Environment|Science

Agriculture secretary says agency is 'full-bore ahead' on Forest Service reorganization

Agriculture Secretary Brooke Rollins says the Trump administration remains “full-bore ahead” with a sweeping reorganization of the Forest Service after a judge blocked the changes last week

Business|Economy|Finance|Political|Technology

Zuckerberg makes deal with Meta to help him pay billionaire tax if it passes

Mark Zuckerberg has made a deal with Meta to help him pay a proposed billionaire tax that is on the ballot in California

Business|Economy|Science|Technology

US Treasury proposes a rule to crack down on high-tech investments in China, other adversaries

The U_S_ Treasury Department has proposed a rule to crack down on American high-tech investments in China, Russia, North Korea and other “countries of concern."

Economy

Trump invokes Cold War-era Defense Production Act for oil production, refining

US President Donald Trump determined on Thursday that petroleum production, refining, and related activities are essential to national defense, a move that could open up

Business|Economy|Finance|Technology

SpaceX says potential Tesla merger would need Elon Musk's approval

SpaceX said on Thursday its potential merger with Tesla will require controlling investor Elon Musk's approval, even though the entrepreneur has recused himself from talks between