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EU seeks China curbs on hybrid car exports to avert trade row, FT reports

The European Union has asked China to voluntarily restrict exports of hybrid cars as part of efforts to prevent a trade war, the Financial Times reported on Thursday.Brussels wants Beijing to limit Chinese hybrid vehicles sales to around 15% of the EU market, the newspaper said, citing people familiar with the matter."If they will not limit their exports to our market then we will," the FT quoted an EU official as saying. "This is about stopping deindustrialisation. We have to act. It’s about managed trade."The EU has asked China to limit exports of other products, including chemicals, whi

Fed builds credibility, but hawkish turn leaves investors edgy

Japan vows effort to maintain orderly yen moves

Business|Economy|Finance

Beretta Holding to raise stake in Sturm Ruger to 25%, paper says

Beretta Holding is set to launch a bid to raise its stake in U.S. group Sturm, Ruger & Co to 25% from around 10% "in the coming hours", Italian newspaper Il Sole 24 Ore reported on Thursday, citing sources close to the dossier.The Luxembourg-based holding owns Italy's Beretta, the world's oldest gunmaker, and currently has a 9.93% stake in Sturm Ruger, according to LSEG data. It did not immediately respond to a request for comment. With the transaction, it will also be able to appoint two board members at Ruger, Il Sole said. The stake hike would follow Wednesday's announcement by Sturm R

LVMH signed a secret 2002 pact to buy Hermès heir’s shares. Now he says his fortune is missing

Germany's east-west divide shifts from jobs to wealth

Business|Economy|Technology

China's Xi calls for 'bigger, stronger' advanced manufacturing sector

President Xi Jinping has called for China to make its advanced manufacturing sector "bigger and stronger" and strengthen control over key industrial supply chains, official news agency Xinhua said on Thursday.Xi's remarks come amid growing concern, particularly in Europe, over rising Chinese exports of electric vehicles and other green-tech products, fuelling fears of a new wave of competitive pressure dubbed "China Shock 2.0".China will "continue making advanced manufacturing bigger and stronger, enhance the autonomy and controllability of industrial chains," Xi said in remarks delivered at

Bank of England expected to keep interest rates unchanged despite rising inflation

Asian stocks are mixed after Wall Street slips following Fed's rate hike decision

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Nebraska Senate candidate responds to leaked audio criticizing Trump voters: ‘We’re all angry right now’

Nebraska independent Senate candidate Dan Osborn on Wednesday appeared to confirm the authenticity of a leaked recording in which he is purported to criticize voters who support President Donald Trump.“Billy Bob in f**king Red Cloud, Nebraska, who lives next door to the f**king Trump store as you pull into town and is waving the Trump flag … all he knows is he’s like on the winning team,” a speaker said in audio obtained by the Omaha World-Herald. “He’s been so effective at taking Billy Bob and his wife Mary Jane or Mary Jo and telling them, look we’re winning. You’re on the wi

Election|Political|US

House to adjourn early, stave off Hegseth impeachment vote

Speaker Mike Johnson on Wednesday announced he is sending members home from Washington early for their seven-week campaigning recess ahead of the midterm elections, a move that will stave off a vote on impeaching Defense Secretary Pete Hegseth.House Republicans had planned to remain in session until Thursday, but will now take their last votes Wednesday evening on a major White House priority — a Russia sanctions bill — and then leave town. The next time House lawmakers are expected back in Washington will be after the November elections.“It’s time for our members to go home to their d

Wall St ends lower after Fed hikes interest rates, sees more tightening ahead

War-damaged Gaza building collapses, killing 20 people sheltering inside

Interview|Political|US

"The President Threw A Tantrum": Dem Congresswoman Recounts Heated Clash with Trump

The Kennedy Center board voted to close the center Tuesday after a tense meeting in which President Donald Trump called in to berate a Democratic congresswoman who serves on the panel, according to three sources familiar with the matter.“It was f**king crazy,” said one source familiar with the exchange between Trump and Rep. Joyce Beatty, whose lawsuit has prevented Trump’s name from being added to the building.Another source said Trump screamed, blaming Beatty for getting the courts involved and leading to the downfall of the performing arts center. Beatty told Trump he had put the Kenn

Election|Finance|Political|Stock Markets|US

What’s next for mail voting after the Supreme Court ruled against Trump

Election officials in both Democratic and Republican-led states breathed a sigh of relief when the Supreme Court blocked President Donald Trump’s sweeping restrictions on mail-in balloting Monday, which they had warned would upend vote-by-mail and potentially disenfranchise millions of voters in the midterms.The decision means the voters can cast ballots by mail as the laws in their state previously allowed. While election officials have been anxious about Trump’s attempts to severely complicate the process, they have spent the last several months assuming — correctly — that courts wou

Iran war expected to cause a spike in US inflation, according to budget watchdog

Mitch McConnell returns to the Senate after three-month absence due to health issues

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Nobel laureate Narges Mohammadi’s memoir details abuse in Iranian prison. She’s prepared for the consequences

During her incarceration at Tehran’s notorious Evin prison, Nobel peace laureate Narges Mohammadi would smuggle out fragments of writing with the help of her friends and fellow inmates.The risks were enormous; Mohammadi, 54, has suffered violent beatings, fallen gravely ill and spent much of the last two decades in prison, away from her children, for her activism against the Iranian regime.“One of my friends was trying to take out just three sheets of paper on a visiting day, but the prison security forces confiscated them from her,” Mohammadi told CNN’s Jomana Karadsheh Wednesday in o

Political|World

Trump sees three new GOP defections in House vote to end Iran war

The House on Tuesday voted to approve a measure that would require President Donald Trump to end his war with Iran, offering a potent political rebuke of the administration’s handling of the war just weeks before the midterms.This is now the third time that the House — led by Democrats, but with help from at least a few Republicans — has ordered Trump to withdraw troops from Iran. But Democrats argue this vote is their most important push yet, coming as one of the chamber’s last votes before the November elections.Seven Republicans backed the measure, up from four GOP votes for the las

This country is paying its people to read. Can it stop brain rot?

US Congress Democrats probe Russian oligarch financing of Trump Jr. wedding parties

Business|Economy|Health|Science|World

For the first time, Japan has more than 100,000 centenarians

Japan has been gripped by a declining population for decades, but one age group is adding new members and there are more of them than ever.For the first time in Japan, the number of people aged 100 or older has surpassed more than 100,000 – a new record in the country known for longevity.The population of centenarians rose again – for the 56th consecutive year – to 107,677 in September, up almost 8,000 from the previous year, the Ministry of Health, Labor and Welfare said Tuesday.Most are women, accounting for 88% or 94,298 of the total, the ministry added.Health Minister Kenichiro Ueno

Science|Technology|World

New warnings about the risks of AI to humanity revive a long-running debate

New warnings from within the artificial intelligence industry have revived a long-running debate over whether advanced AI could escape human control and ultimately threaten humanity’s survival, and whether the companies developing the technology are doing enough to prevent such a scenario. The CEO of Anthropic, the San Francisco company behind Claude, said he thought the industry needed to reduce the speed of its work, cautioning Saturday that a swarm of AI agents might be able to take over the internet in six months to a year unless companies devoted more time to putting safe

US wins fifth straight women's FIBA World Cup title, beating France 97-79

After 18 years in Baltimore, John Harbaugh faces his biggest challenge yet: Turning around the New York Giants

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Some Republicans privately fear Russia sanctions bill will give Trump too much power on tariffs

Business|Economy|Finance

What do higher rates mean for borrowers and savers?

The U.S. Federal Reserve nudged interest rates higher by a quarter of a percentage point on Wednesday, the first rate hike in more than three years.

Economy

Warsh on collision course with Trump administration

A look at the day ahead in European and global markets from Gregor Stuart Hunter Federal Reserve Chair Kevin Warsh is likely to come out of Wednesday's policy decision bruised one way or another.

Arts|Economy|Election|Finance

Trump, in North Carolina, says Democrats are soft on crime and communism

Business|Economy|Finance

Fed rate hike likely means more expensive credit cards and mortgages, but savers may rejoice

The Federal Reserve just raised the cost of borrowing money — bad news for borrowers, good news for savers

Election|Political

Sweden's centre-left opposition wins election, SVT says

Sweden's centre-left opposition has defeated the incumbent right-wing governing bloc by the slimmest of margins, public broadcaster SVT said on Wednesday, after 99% of

Europe|Political|Technology

EU announces plan to ban social media for under 13s

Business|Economy|Political

Trump administration paid federal employees $9.5 billion not to work in 2025 under DOGE plan

Business|Economy|Finance

What Kevin Warsh said about the Fed’s first rate hike since 2023

Business|Finance

China's top diplomat urges Iran, US to show restraint, revive talks

China encourages Iran and the U.S. to remain rational, exercise restraint, return to the interim peace deal they signed in June and "engage in substantive consultations,"

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From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls