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Latest news from trusted sources around the world

Economy Bloomberg
Gold Wavers as Oil Eases With Traders Focused on Fed Rate Path

Gold swung as oil’s rally cooled and US Treasury yields retreated, with traders focused on the outlook for inflation and the Federal Reserve’s path for …

Economy Financial Times
Lula fast-tracks Brazil welfare payments days before run-off vote

Veteran leftwinger aiming to close the gap with rightwing challenger Flávio Bolsonaro before Sunday’s ballot

Economy Financial Times
UK to approve development of Jackdaw gasfield in North Sea

Ministers to give go-ahead on Wednesday to the project about 150 miles east of Aberdeen

Economy Bloomberg
Stocks Climb in Late Hours on Meta’s Big AI Wagers: Markets Wrap

Wall Street’s wagers on artificial intelligence regained traction, with stocks rising in late hours as solid results bolstered confidence in the trade that has powered …

Economy Bloomberg
Latest Oil Market News and Analysis for Oct. 21

Oil fluctuated between slight gains and losses with attacks in the Strait of Hormuz continuing to menace global supplies, though flows through the waterway remain …

Economy Bloomberg
Surprising Netflix Is Not Looking at Other Opportunities: Fmr. Content Director

Simon Gallagher, Hanaging Director of SPG Global and a Former Netflix Content-Acquisition Director, says hiring Peter Rice signals a more commercial programming strategy. While niche …

Economy Financial Times
Finnish president hails progress in talks about ending Russia’s war in Ukraine

Volodymyr Zelenskyy participates in discussions in Oslo that also involve Donald Trump’s envoy

Economy Financial Times
Joel Kaplan to step down as Meta global affairs chief

Republican political operative is a key adviser to CEO Mark Zuckerberg

Economy Bloomberg
PGIM’s Bryan McDonnell on 2027 Real Estate Credit Market

Bryan McDonnell, Head of Real Estate Credit Strategies at PGIM, says investors should adjust business models to a higher-rate environment rather than count on rates …

Economy Financial Times
Boeing wins approval for Max 10 jet in boost for turnaround efforts

Long-awaited certification will help US group compete with Airbus as airlines seek larger and more efficient aircraft

Economy Financial Times
Netflix gives downbeat outlook as streaming hits dry up

Entertainment giant shakes up creative leadership as viewership growth stalls and current quarter profits set to disappoint

Economy Bloomberg
United Misses Estimates, Squeezed by Soaring Jet Fuel Costs

United Airlines Holdings Inc. forecast weaker-than-expected earnings for the final three months of the year, underscoring how soaring jet fuel prices are eating into airline …

Economy Bloomberg
Lithium Miner PLS Sells $700 Million Bond in Expansion Push

PLS Group Ltd returned to the US dollar bond market, braving a junk-debt selloff as the Australian lithium miner lines up investments to expand production.

Economy Financial Times
UK jobs market stabilises before Budget

Figures suggest recent upswing in economy is starting to underpin employment

Economy Bloomberg
Vestel Offers Haircut or Extension of 2029 Bonds

Beleaguered Turkish white-goods maker Vestel Elektronik is asking 2029 bondholders to back a restructuring as it seeks to shore up its balance sheet.

Economy Financial Times
Romania forms a government after six months of crisis

Prime Minister Luca Niculescu receives parliament’s backing for his minority administration

Economy Financial Times
Alberta voters reject separation from Canada

Referendum in oil-rich western province had threatened new turmoil for Mark Carney amid stand-off with Donald Trump

Economy Financial Times
US pending home sales fall to record low as mortgage rates surge

Sales contracts dropped 7.3% in September as rising borrowing costs deepened housing market slowdown

Economy Bloomberg
Russell Weighs Letting Growth Stocks Claim Up to 60% in Indexes

For almost four decades, FTSE Russell has divided the market value of stocks in its benchmarks evenly between growth companies prized for their earnings potential …

Economy Bloomberg
WestJet Bonds Slide to Record Low as Fuel, Trade Tensions Rise

WestJet Airlines Ltd., Canada’s second-largest air carrier, saw its bonds fall to their lowest level since they were issued in June, as spikes in the …

Economy Bloomberg
German Rail Struggles With Rhine Diversions, Logistics Firm Says

Germany’s rail network is unable to handle all the goods that are being diverted from the Rhine River — where water levels are low — …

Economy Financial Times
France is adrift

The country faces multiple crises and the political class seems incapable of responding

Economy Bloomberg
Top Chicken Supplier Brazil Acts to Ease Hit From Virus

Brazil raced to contain the trade fallout from the detection of a highly contagious bird virus as poultry shipments to countries including top buyer China …

Economy Bloomberg
S&P 500 Rebounds as Big Bank Stocks Climb, SpaceX Results Loom

The S&P 500 Index rose, erasing its early-session losses, as big banks and healthcare companies climbed. The tech-heavy Nasdaq 100 Index rebounded to a slight …

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