Politics & Economy

Economy

Macro·from Oct 7·upd. 3d ago

Oil above $100 drives global bond selloff, pushing UK gilt yields to highest since 2007

Brent crude rose 4.7% to $104.87 a barrel on Thursday, fuelling a global bond selloff that pushed UK 10-year gilt yields to 5.527%, their highest since July 2007.

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Business·from Oct 9·upd. 2d ago
© ANSA.it

Saint Laurent ends Anthony Vaccarello's decade as creative director at Kering

Kering said on Friday that Vaccarello is leaving the French fashion house after ten years. The group has not named a successor, but said a new creative director will be announced soon.

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Energy & Trade·from Oct 5·upd. 4d ago
© Le Figaro.fr

EU trade chief visits Beijing over 360 billion euro deficit as auto quotas loom

European Trade Commissioner Maroš Šefčovič opened two days of negotiations with Chinese Commerce Minister Wang Wentao after Beijing rejected voluntary hybrid car export limits.

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Business·from Oct 5·upd. 5d ago
© Al Jazeera Online

Skydance completes $111 billion Warner Bros. Discovery merger as stock drops

David Ellison finalized the $111 billion takeover uniting Paramount, Warner Bros., CNN, and CBS News under Skydance Corporation as shares fell on the New York Stock Exchange.

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Business·from Oct 7·upd. 4d ago
© LesEchos.fr

Jaguar unveils 1,030-horsepower Type 01 electric GT starting at $130,500

Jaguar Land Rover debuted the Type 01 electric GT in New York, committing to a high-end luxury pivot with UK assembly scheduled for 2027 despite industry headwinds and factory job cuts.

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Energy & Trade·from Oct 9·upd. 2d ago
© Le Figaro.fr

EU picks 46 strategic mineral projects amid China dependence, needing €21.1 billion

The European Commission chose 46 projects across 16 member states to speed permitting and help developers win funding. The projects are expected to need about €21.1 billion in capital investment as the bloc tries to reduce its reliance on China.

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Business·from Oct 6·upd. 4d ago

Amazon Prime Day 2026 buyers favor budget vacuum cleaners and Adidas sportswear

Consumer demand during the 2026 Amazon Prime Day event centered on household appliances and branded apparel, led by budget cordless vacuums and discounted sportswear.

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Business·from Oct 8·upd. 3d ago
© ANSA.it

OpenAI revenue figure falls $20bn short of earlier investor estimate

OpenAI told investors its annualised revenue stood near $50 billion at the end of September, about $20 billion below the $70 billion figure given earlier. The gap unsettled AI-linked stocks on Thursday, when the Nasdaq closed down 1.4%.

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Energy & Trade·from Oct 5·upd. 3d ago
© forsal.pl

Poland raises maximum fuel prices for Friday, 9 October, as CPN relief continues

Petrol may cost up to 6.90 zł per litre on Friday, up 7 groszy from Thursday, as the energy minister sets new caps under the CPN package. Road hauliers say the relief they receive is marginal next to their fuel costs.

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Business·from Oct 7·upd. 5d ago
© ANSA.it

Porsche cuts 9,000 jobs and pivots back to combustion engines in turnaround plan

Porsche CEO Michael Leiters announced the Sportwagenschmiede 35 turnaround plan on Wednesday, cutting 9,000 jobs, lowering break-even volume below 200,000 vehicles, and reviving combustion models after electric vehicle sales slowed.

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Energy & Trade·4d ago
© forsal.pl

Jared Kushner and Kirill Dmitriev discuss bringing US investor into Nord Stream

US Special Envoy Jared Kushner and Kremlin adviser Kirill Dmitriev held talks exploring a role for American investors in the Nord Stream gas pipelines, drawing swift opposition from Germany and Poland.

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Macro·from Oct 7·upd. 4d ago
© RP Online

Germany raises 2026 growth forecast to 1.3% on state spending and exports

Economy Minister Katherina Reiche lifted the 2026 economic growth forecast from 0.5% to 1.3%, citing infrastructure spending and export demand while warning of labour shortages.

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