Economy

100 links
EU Inc stalls in Parliament over workers' rights Flagship start-up regime promises 48-hour registration but two committee votes cancelled in October, founders back the plan while unions fear board-level deregulation
euronews.com
BASF lifts profit forecast on war-driven price hikes Chemicals giant now expects core profit up to 7.8 billion euros after 30 percent surcharges, Europe's biggest industrial firm thrives on the scarcity draining its customers
euronews.com
Poundland teeters on brink of collapse Britain's original one-pound chain cannot survive its own price point, fixed rates and rent squeeze leave hundreds of stores and thousands of jobs at risk
dailymail.com
Chinese brands cut ties with Mbappé over dictator remark Dongpeng Mengniu and Milkground end contracts in similarly worded statements, no regulator appears in any of the announcements
independent.co.uk
European gas prices triple in 2026 TTF benchmark nears 100 euros per megawatt hour with storage at record seasonal low, continent that cut Russian gas to escape one war now waits on another
euronews.com
New Brunswick explores metal recovery from century-old Nigadoo mine waste, US firm Regeneration to fund site cleanup with recovered metals $35 million tailings liability becomes critical-minerals prospect without a new mine
globalnews.ca
Iran warns of gas rationing as winter approaches World's second-largest gas reserves fail to supply domestic market, refineries run below capacity while rial plunges and impeachment calls target ministers
zerohedge.com
London music studios face eviction as housing drive consumes industrial land K-Town Studios in Kentish Town earmarked for demolition by £1 billion film quarter billed as a new creative neighbourhood, city has lost a quarter of its industrial space in two decades
standard.co.uk
JetBlue creditors hire advisors as secured bonds sink to 42 cents, notes due 2031 have halved from 80 cents within a month Chief executive told staff in April the airline was not considering bankruptcy in 2026
foxbusiness.com
Anthropic files for IPO expected to be the largest in history, first public accounts show 16 billion dollars of revenue and more than 80 billion in half-year losses Prospectus counts bad press about AI dangers among its business risks
finance.yahoo.com
US missile stockpile rebuild hits tungsten and gallium bottleneck China mined 79 percent of world tungsten while US mines produced none, conflict-free sourcing rules shrink supplier pool as rearmament demand explodes
zerohedge.com
Apollo economist finds zero AI payoff outside tech Torsten Slok shows flat margins across S&P 493, trillion-dollar compute buildout financed by shareholders yet to see returns
techcrunch.com
Nationwide cuts 275 jobs after Virgin Money takeover Britain's largest building society follows June's 600 losses with back-office consolidation, 700-branch pledge survives while the mutual runs a bank's playbook
theguardian.com
UAE oil exports hit record 5.3 million barrels per day in September, IEA figures show But storage drained to a third of prewar level as refineries and gas plants burn, record loadings mask a system running on inventory
zerohedge.com
US existing-home sales stuck a third below pre-2020 level Sub-5-percent mortgages lock owners in place while prices set records, transaction volumes at mid-1990s levels with seventy million more Americans
zerohedge.com
Goa board recommends settlement zone for eco-sensitive hillside, approvals rest on slope surveys paid for by developers 26 percent of 901 applications covered slopes above the legal limit
scroll.in
Delhi traders ask Rahul Gandhi to postpone November 1 rally Diwali trade worth Rs 25 000 crore at stake around Ramlila Maidan, October's protests already cost shops an estimated Rs 3 000 crore
timesnownews.com
Sodium batteries line up to undercut lithium in stationary storage China accounts for over 95 percent of installed or announced capacity for 2030, data centers and home storage become the first markets where weight stops mattering
english.elpais.com
Swiss groceries cost 89 percent more than the EU average Numbeo index runs from Moldova at 57 to Switzerland at 189 with Sweden nearly 17 percent above the bloc, Romania keeps the EU's cheapest shelves while its households spend 23 percent of their budgets on food
euronews.com
US designates helium a critical material Energy Department unlocks federal funding as Europe faces supply squeeze, Russian helium reportedly reached Europe through China despite 2024 EU ban
euronews.com
Trump administration cancels some Canada tariffs ahead of midterm elections Maine senator Susan Collins announces exemptions for blueberry, potato and seaweed producers, president still insists Canada has nothing America needs
nbcnews.com
Rare earth stocks hit 52-week lows William Blair says investors counting on US-China detente misread the supply chain, prices stay high but most producers lack the separation and magnet capacity to capture them
zerohedge.com
Insurtech Corgi hires experienced investment bankers on commission only No base salary shifts the entire bet onto the candidate, banking labour glut deep enough that seasoned bankers entertain salesman terms
businessinsider.com
UK retail sales fall more than forecast in September Clothing and food stores drag while fuel volumes recover, demand weakness and sticky inflation now argue for opposite rate responses
standard.co.uk
OpenAI nears $30 billion round led by UAE investors Pre-money valuation of $1.25 trillion positions round as bridge to IPO, petrostate sovereign wealth becomes the marginal buyer of the compute buildout
the-decoder.com
US property investors drive 26 percent consolidation of English care homes CQC warns debt-fuelled buyups threaten universal care plan, regulator says the market reshapes itself largely by accident
bbc.com
AI stocks slide worldwide as oil hits five-month high on Iran war S&P 500 drops 1.4 percent while Meta discloses 825 billion dollars in further AI contracts, war now inflates the power bills of the data centers the boom depends on
nbcnews.com
French bond blowup empties London macro desks as carry trade implodes again, close to 100 European rates traders carried out While OAT yields touch 5 percent for the first time since 2002, a trade that priced French politics as a stable spread discovers otherwise
zerohedge.com
EU Commission investigates Booking.com over fake adverts and phishing scams Fraud on platform reached 4.2 billion euros in 2024 with scam reports up 500 percent in two years, fines up to 6 percent of turnover await
dutchnews.nl
One ECB rate meets three inflations as Iran war energy prices hit eurozone unevenly Lithuania pays 6.1 percent after heating VAT rise while Finland posts 2.7 percent with 10.4 percent unemployment forecast, energy alone accounts for almost half of September's 3.8 percent average
euronews.com
Meta mints new share class to keep Zuckerberg in control Founder-led model survives trillion-dollar AI burn while public shareholders fund the bet without the voting power
businessinsider.com
Pakistan arrests suspect in 126-million-dollar US postage fraud LabelsBank sold five million counterfeit labels at two dollars each to 5200 customers, losses fell on the Postal Service while senders shipped below cost
independent.co.uk
Lufthansa buys just under half of TAP Air Portugal in billion-euro deal Europe-Brazil routes are the prize while the Portuguese state keeps board majority, bond researchers see integration revenue unlikely before 2030
euronews.com
UK inflation climbs to highest in almost a year on surging fuel prices September consumer prices rose 3.5 percent as Hormuz war squeezes oil supplies, one in eight households already owe money to their energy supplier
wtop.com
Bolivia's gas reserves run dry two decades after nationalization Exports down almost 60 percent in ten years while subsidies and a dollar peg consumed the revenue, IMF loan now forces subsidy cuts that already sparked protests
zerohedge.com
Musk confirms Tesla and SpaceX merger committees as SpaceX revenue doubles on AI compute Both boards staffed with independent directors while one man controls each side, market prices 66 percent chance of deal before a possible post-Trump administration
zerohedge.com
GM shares drop 6 percent despite earnings beat and $20 billion buyback announcement Investors stop rewarding repurchase theater, China profit falls 60 percent as V-8 trucks carry the guidance
zerohedge.com
Ryanair chief predicts up to 20 percent fare hikes in Europe for 2027 Iran war doubles jet fuel while hedges expire, Belgian aviation tax rise already cuts a million seats
theguardian.com
US ambassador threatens EU with devastating retaliation over tech rules Puzder questions Digital Markets Act fines as revenue grab, Starlink cuts to Ukraine's military show who holds the switch
zerohedge.com
Britain announces new Bradford station expected by mid-2030s Northern Powerhouse Rail promised since 2014 now capped at 45 billion pounds, steelworks pay 30 pounds more per megawatt-hour than French rivals
theguardian.com
Sir Dorabji Tata Trust answers India's charity regulator Boardroom fight over Tata Sons' future runs through state office, freeze on sister trust already left conglomerate's AGM without quorum
timesnownews.com
EU seeks 70 billion euros more for Ukraine in 2027 90 billion euro loan designed on assumption war would end in 2026, bloc has paid Moscow 197 billion euros for energy since 2022
euronews.com
Geothermal undercuts solar-plus-storage in Nevada utility filing Three geothermal bids average about 106 dollars per megawatt-hour against 114 for solar with batteries, federal tax credits for new wind and solar expire while geothermal keeps them to 2033
zerohedge.com
Half of S&P 500 earnings growth traces to AI data centre spending Goldman estimate shows supplier revenue booked years before buyers book the expense, hyperscaler capex growth halves then slows to 17 percent by 2028
zerohedge.com
China beats growth forecasts on AI-fuelled export surge Factory output up 5.5 percent while retail sales gain 1.1, Beijing set to hit its growth target without stimulus
theguardian.com
UK profit warnings hit near two-year high ahead of autumn Budget 65 listed firms downgraded in a quarter as policy uncertainty overtakes demand cycles, waiting for the tax bill now costs more than the bill itself
independent.co.uk
UK steelmakers pay almost 30 pounds more per megawatt hour than French rivals Gap worst in three years as gas sets the power price, government subsidises plants it taxes into uncompetitiveness
theguardian.com
NRC recommends licences for four Westinghouse reactors at Fermi's Texas AI campus Applicant wrote its own environmental review under new pilot program, safety review has no schedule yet
zerohedge.com
Second energy crisis in five years breaks resistance to electric cars Surging demand leaves manufacturers filling orders from March, Hormuz closure added 50 billion euros to Europe's oil and gas bill
english.elpais.com
Forced coal plant operation cost Michigan's Consumers Energy $295 million Appeals court ruled the keep-open orders illegal while the Energy Department renews them, rural cooperative and public power agency sue for the right to close their own plant
truthout.org
Tom Cruise's Digger heads for a 245 million dollar loss First-dollar deal pays the star from the first takings while Warner Bros puts break-even at 300 million, the royal premiere ran two hours late on red-carpet autographs
theguardian.com
Houthi strikes force Saudi Arabia to scale back its sporting empire Riyadh's urban cycling world championship cancelled and Saudi International golf postponed indefinitely, five proposed stadiums for the 2034 World Cup may never be built
theguardian.com
Iran ships cooking gas and jet fuel past US naval blockade Eight tankers moved 4.1 million barrels since July via ship-to-ship transfers off Oman, most already on US sanctions lists
timesnownews.com
French ten-year bond yield approaches five percent, highest since 2002 with German spread above 1.5 points Economists ask whether a new eurozone crisis has begun
globalnews.ca
US closes fiscal 2026 with two-trillion-dollar deficit Net interest tops a trillion dollars for first time, debt service on pace to overtake Social Security by 2028
zerohedge.com
Putin seizes five European firms' Russian assets Tarkett and four companies that stayed after the invasion lose operations without compensation, Centre Capital's chief executive is a wounded war veteran of the governor's office in Zabaykalsky
euronews.com
Unions urge tax raid on banks ahead of October Budget Healey reportedly weighs reversing Hunt's surcharge cut, TUC counts a billion a week in big four profits while CBI warns lenders already pay more than rival centres
standard.co.uk dailymail.com
Walmart recession signal grows louder Paulsen's indicator peaked before three past recessions and now points to Fed rate cuts, official data still puts recession odds below one percent
independent.co.uk
Basic food basket costs just over an hour's work in Ireland and a month in the Central African Republic World Vision's Price Shocks 2026 weighs ten staples against wages in 62 countries, global average eases to 4.3 working days even as hunger worsens in 32 countries
english.elpais.com
Uranium enrichment spot price hits record as NRC clears security plan for Oak Ridge laser facility LIS Technologies spent 246 days winning permission to guard its classified CRISLA process, the West's newest enrichment hopeful has yet to earn a dollar
zerohedge.com
Nasdaq feeds break hours after Jensen Huang vouches for CoreWeave, Carteret network disruption cuts data across all US equity markets Nvidia holds a 2-billion-dollar stake in the customer whose cost of capital its chief executive says is falling
zerohedge.com
London asking rents set new record as rental supply drops 9 percent Average advertised rent reaches 2 825 pounds a month with tenant demand up 6 percent, landlords keep exiting as remortgaging eats into yields
standard.co.uk
UK economy grows against expectations in August Pharmaceutical manufacturing carries the month while hospitality and construction shrink, the 0.1 percent expansion exactly matched the decline economists had forecast
standard.co.uk
TSMC posts sixth straight record quarterly profit on AI demand Net profit up 68.7 percent at 23.6 billion euros as revenue climbs past 46 billion euros, the company that makes the chips inside Nvidia's processors still closed lower
euronews.com
OpenAI CFO tells firms to avoid cheap Chinese AI models Sarah Friar frames open-weight rivals as cybersecurity risk at Dublin summit, warning follows OpenAI's own token price cuts
zerohedge.com
Distributors demand 75 percent of Jailer 2 ticket revenue, Tamil Nadu theatre owners refuse to exceed 65 Ahead of Rajinikanth's opening day, exhibitors pay staff and electricity whether the seats fill or not
timesnownews.com
Iran attacks two ships inside Strait of Hormuz Brent crude at 106 dollars as European gas touches four-year high, equity markets near records while the war premium lands at the pump
independent.co.uk theguardian.com
Kroger to lay off thousands of corporate workers About 3,000 jobs over three years equal 37 percent of head office, AI memo lands weeks before Ohio midterms defined by the economy
newsweek.com
UK ISA millionaires jumped 52 percent to 7730 HMRC data shows average pot of 1.35 million pounds, cash ISA allowance falls to 12000 in 2027 as cash subscriptions surge 37.5 percent
standard.co.uk
Rejecting Rosebank and Jackdaw could cost UK almost 11 billion pounds Adura-commissioned study projects 3330 fewer jobs a year, replacement LNG imports carry three times the emissions of domestic gas
standard.co.uk
EU paid Moscow 209 billion dollars for energy since 2022 Commission rejects Russia's 320 billion claim and Trump's 250 billion figure, Arctic LNG route still earns billions under sanctions exemptions
euronews.com
AMD reaches trillion-dollar valuation AI data-centre revenue drives rerating, chip boom concentrates value in a few listed winners
euronews.com
Trump floats Belarus potash deal, Canada supplies most US imports and Nutrien shares drop Logistics and contracted output limit quick substitution
infobae.com
EU fuel prices hit record highs Refining margins and disrupted contract supply drive pump costs, taxes stay the largest line item
euronews.com
Bank of Japan raises benchmark rate to 1.25%, first step to 31-year high As oil-driven inflation bites, yen support merges monetary policy with energy war spillovers
euronews.com
Crusoe raises $3.9 billion for AI data centres Valuation reaches $30.9 billion as modular Spark factories target faster power-to-compute buildout, investors fund capacity before grid limits price the boom
techcrunch.com techcrunch.com
Revolut weighs dual London and New York listing Storonsky says fintech prefers US investors for IPO pricing, London seeks a flagship float after lean years
standard.co.uk
Ponzi scheme manager gets 11-year sentence Prosecutors say more than $35 million raised while most funds went uninvested, celebrity victims learn due diligence in federal court
nbcnews.com
Scotland tightens planning rules for hyperscale data centres Environmental assessments required above 50 megawatts as Holyrood weighs moratorium, grid capacity becomes the scarce input behind AI growth
independent.co.uk standard.co.uk
US 10-year Treasury yield breaches 5% threshold Global bond sell-off spreads to France Italy and Germany, Treasury expands buybacks as energy shock lifts inflation fears
euronews.com
AI-linked chip stocks slide after Anthropic CEO urges slowdown Investors reassess data-centre spending as safety debate turns into a demand signal, politics adds volatility without rules
standard.co.uk theguardian.com
Drone attack hits Saudi east–west oil pipeline Satellite images show damaged pumping station and Yanbu stocks counted in days, traders price repairs before Riyadh publishes details
theguardian.com
US diesel average hits 6 dollars per gallon GasBuddy shows California near 8 with some stations at 9, freight fuel turns geopolitics into grocery inflation
bnonews.com
Harvey reaches 15.5 billion dollar valuation Legal AI startup raises 550 million and pivots to open-weight in-house model, funding pace outruns legal tech’s usual clock
techcrunch.com
Oil rises above 100 dollars a barrel US strikes on Iranian tankers add war-risk premium to shipping and fuel, UK pump prices climb as benchmark dips back below triple digits
standard.co.uk standard.co.uk
Trump orders US procurement to drop Canadian-origin products Directive follows Canada retaliatory tariffs and Buy Canadian push, integrated supply chains meet a paperwork ban
globalnews.ca
Trump tariffs on Canada become midterm issue Susan Collins says Maine economy depends on cross-border trade, retaliatory duties target swing-state industries
globalnews.ca
UK rules out Jaguar Land Rover bailout Company opens voluntary redundancy scheme as job cut reports mount, industrial support shifts to subsidies that avoid naming a failing firm
independent.co.uk theguardian.com
European fuel prices stay near record highs Refinery bottlenecks widen gap between crude and pump costs, diesel premiums ripple into food and freight inflation
euronews.com euronews.com
Volkswagen confirms 100000 job cuts by 2030 Cost plan halves model range and puts four German plants in question, board approval follows staff boos at Wolfsburg
theguardian.com euronews.com
Trump threatens secondary sanctions over Iran lifelines Truth Social post targets banks shippers and front companies, war risk shifts from oil flows to payment rails
independent.co.uk independent.co.uk
Trump pauses planned 50% Canada tariffs White House says trade deal awaits paperwork, Keystone XL revival floats as bargaining chip
theguardian.com
Brent crude climbs above $90 a barrel Ceasefire window lapses in US-Iran war talks and Trump threatens Oman, ship traffic through Strait of Hormuz falls to single digits
theguardian.com independent.co.uk
Most US voters say they are worse off under Trump Financial Times poll shows broad personal financial decline, midterm politics turns energy and tariff costs into household arithmetic
independent.co.uk
Trump imposes new tariffs on imported drones White House cites reliance on foreign supply and security risks, allies face levy as domestic output deemed insufficient
globalnews.ca
UK growth slows as Iran war lifts energy costs ONS shows weaker quarter while price cap delays household shock, inflation pressure shifts from oil markets to domestic bills
theguardian.com
US military strikes Panama-flagged cargo ship near Iran CENTCOM says vessel tried to run reinforced blockade east of Strait of Hormuz, commercial shipping absorbs ceasefire whiplash in fuel pricing
independent.co.uk
Thames Water paid finance chief a £1 million signing bonus Letter to MPs says lenders funded it during emergency financing, retention pay rises as special administration looms
bbc.com
US data centers could use one fifth of national electricity by 2035 BloombergNEF projects fourfold growth driven by AI workloads, grid queues and capacity auctions decide who gets power first
techcrunch.com
Olive oil prices set to rise again as European heat damages crops France and Spain report sharp losses across vegetables cereals and grapes, UK shoppers still pay more than £7 for a litre before the next squeeze
theguardian.com