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EU predicts less eurozone 2026 growth due to trade tensions

The EU on Monday cut its eurozone growth forecast for 2026 as risks from international trade and geopolitical tensions weigh on Europe's economy.

Swiss growth suffered from US tariffs in Q3: data

Switzerland's economy contracted in the third quarter of the year, suffering from high US tariffs which abruptly curtailed exports across the Atlantic, the economy ministry said on Monday.

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Stocks mostly fall as investors digest Trump-Xi talks, earnings

Stock markets wobbled Thursday as traders digested a high-stakes meeting between the US and Chinese presidents, mixed company earnings and uncertainty over further US interest rate cuts.

US to limit refugees to record low 7,500, mostly white South Africans

The Trump administration announced plans on Thursday to drastically cut back the number of refugees to be accepted annually by the United States to a record low and give priority to white South Africans.

Saudi chases AI ambitions with homegrown firm pitched to global investors

Powered by its sovereign wealth fund of nearly $1 trillion, Saudi Arabia is backing its new AI firm Humain, entering a highly competitive sector some fear is a bubble ready to burst.

Russia batters Ukraine energy sites with deadly aerial strikes

Russia battered Ukrainian energy facilities with hundreds of drones and missiles, Kyiv said Thursday, killing at least four people, wounding children, and piling more pressure on Ukraine's fragile energy grid.

Stocks diverge as investors digest Trump-Xi talks, earnings

Stock markets wobbled Thursday as traders digested a high-stakes meeting between the US and Chinese presidents, mixed company earnings and uncertainty over further US interest rate cuts.

Swedish hate-crime trial shines light on far-right 'fitness clubs'

Four men went on trial on Thursday in Sweden accused of hate crimes and attacking immigrants in a case that has revealed the growing trend of white supremacists banding together in fitness clubs.

Trump call for nuclear tests sows confusion

President Donald Trump Thursday sowed confusion among experts with his call for the start of nuclear weapons testing, with some pundits interpreting the announcement as US preparations for a shock resumption of explosive testing after more than 30 years.

Chinese EV giant BYD says Q3 profit down 33%

Chinese electric vehicle giant BYD said on Thursday its third-quarter profit had slumped by 33 percent year-on-year, with sluggish domestic consumption piling pressure on the carmaker as it looks to expand overseas.

ECB holds rates steady with eurozone more resilient

The European Central Bank kept interest rates unchanged again Thursday, saying inflation was in check and risks to the eurozone economy had eased while warning of continued risks from trade and geopolitical tensions.

Shares in Jeep-maker Stellantis slump despite rising sales

Shares in Stellantis suffered a double-digit fall on Thursday as the US-European auto giant whose brands include Jeep, Fiat and Peugeot warned of financial bumps ahead.

Stocks slide as investors digest Trump-Xi talks, earnings

Stock markets mostly retreated Thursday as traders digested a high-stakes meeting between the US and Chinese presidents, mixed company earnings and uncertainty over further US interest rate cuts.

With inflation under control, ECB holds rates steady again

The European Central Bank kept interest rates unchanged Thursday but warned of an "uncertain" economic outlook amid trade disputes and geopolitical tensions.

Nissan says expects $1.8 bn operational loss in 2025-26

Struggling Japanese carmaker Nissan said it expected to suffer an operating loss of 275 billion ($1.8 billion) in its fiscal year that ends in March as it faces further economic headwinds.

Italy court stalls Sicily bridge, triggers PM fury

Italy's government said Thursday it would address concerns over a new bridge to Sicily, after Prime Minister Giorgia Meloni condemned a court ruling against the project as an "intolerable intrusion".

Stocks fall as investors eye Trump-Xi talks, earnings

Stock markets fell Thursday as traders digested a high-stakes meeting between the US and Chinese presidents, mixed company earnings and uncertainty over further US interest rate cuts.

Eurozone growth beats expectations in third quarter

The eurozone economy grew faster than expected in the third quarter of 2025, official data showed Thursday, buoyed by better-than-anticipated growth in France despite political turmoil in Europe's second-biggest economy.

Russia batters Ukraine energy sites, killing two

Russia battered Ukrainian energy facilities with hundreds of drones and missiles, Kyiv said Thursday, killing two people, wounding children, and piling more pressure on Ukraine's fragile energy grid.

Shell's net profit jumps despite lower oil prices

British oil and gas giant Shell on Thursday said its net profit rose 24 percent in the third quarter as trading margins and sales volumes improved, despite falling oil prices.

Asia markets fluctuate as investors examine Trump-Xi talks

Asian stock markets fluctuated on Thursday after a high-stakes meeting between US and Chinese leaders that resulted in an agreement to alleviate frictions between the world's two largest economies.

Asia markets fluctuate as investors mull Trump-Xi talks

Asian stock markets fluctuated on Thursday after a high-stakes meeting between US and Chinese leaders that resulted in an agreement to alleviate frictions between the world's two largest economies.

Trump, Xi ease fight on tariffs, rare earths

Donald Trump and Xi Jinping agreed on Thursday to ease the trade war between China and the United States that roiled global markets, with Washington cutting some tariffs and Beijing committing to keep supplies of critical rare earths flowing.

Volkswagen posts 1-billion-euro loss on tariffs, Porsche woes

Volkswagen reported its first quarterly loss for five years Thursday, topping one billion euros, as the German auto giant struggles with US tariffs and a troubled electric shift at subsidiary Porsche.

Fentanyl, beans and Ukraine: Trump hails 'success' in talks with Xi

A beaming US President Donald Trump hailed his "great success" in talks with Chinese President Xi Jinping in the South Korean city of Busan on Thursday.

G7 meets on countering China's critical mineral dominance

Curbing China's critical mineral dominance will top the agenda at a G7 energy ministers meeting in Canada on Thursday, as industrialized democracies seek more reliable access to the resources that power future technologies.

Bank of Japan keeps interest rates unchanged

The Bank of Japan kept interest rates on hold Thursday at 0.5 percent, warning of lingering economic "high uncertainties" linked to US trade tariffs.

Impoverished Filipinos forge a life among the tombstones

In teeming Manila, where poverty runs deep and millions lack adequate shelter, some of the living have found refuge among the dead.

With inflation under control, ECB to hold rates steady again

The European Central Bank is expected to keep interest rates unchanged for its third straight meeting Thursday with inflation hovering around its target and the eurozone economy holding up.

Asia stocks muted with all eyes on Trump-Xi meeting

Asian stocks were subdued Thursday morning, with investors closely watching talks between the leaders of the United States and China for potential breakthroughs to defuse a damaging trade war.

'Utter madness': NZ farmers agree dairy sale to French group

Farmers who own New Zealand dairy cooperative Fonterra voted Thursday to sell its consumer business to French group Lactalis, a decision slammed by the country's foreign minister as "utter madness".

Samsung posts 32% profit rise on-year in third quarter

South Korean tech giant Samsung Electronics posted on Thursday a 32 percent rise in profits on-year for the third quarter, driven by AI-fuelled market demand for memory chips.

30 years after cliffhanger vote, Quebec separatists voice hope for independence

The result was excruciatingly close: 30 years ago Thursday, in a referendum on Quebec's independence, 50.6 percent of people voted "no," and 49.4 chose "yes" -- an outcome that left Canada whole.

Taxes, labor laws, pensions: what Milei wants to do next

Boosted by his victory in mid-term elections, Argentina's libertarian President Javier Milei is preparing to forge ahead with a second wave of reforms, targeting the labor market, taxation system and, down the line, pensions.

American Marconi Wireless News - Economy (English)