Today: November 05, 2026
Today: November 05, 2026

Economy

Business|Economy|Finance|Technology

Microsoft will not expand Texas data center deal with UK's Nscale, source says

Microsoft will not exercise an option to more than double the size of its existing agreement with AI cloud provider Nscale to rent more

Asia|Business|Economy|Europe|Finance|MidEast|Stock Markets|US|World

Goldilocks or gridlock?

A look at the day ahead in European and global markets from Ankur Banerjee Investors are wagering that gridlock in Washington after the stunning sweep by Democrats in the US midterm elections will be

Arts|Australia|Business|Economy

Australia's oldest retailer David Jones enters administration as economic pressures mount

David Jones, Australia's 188-year-old department store chain, entered voluntary administration on Thursday, as rising costs, sluggish retail sales and supply

Economy

Paraguay bank crisis spurs lawmakers' calls to impeach president

Paraguay's political crisis deepened on Wednesday as opposition lawmakers pressed ahead with efforts to impeach

Business|Economy|Finance|Science|Technology

OpenAI, ready to IPO in 2027, now counts majority of sales from enterprises, Brockman says

OpenAI President Greg Brockman said on Wednesday the company now generates the majority of its revenue from enterprise sales and he believes it

Business|Economy

Democrats gain influence over trade agenda, but tariff repeals to hit Trump veto wall

Democrats' resounding sweep to a majority in Congress gives them a big microphone and spotlight to scrutinize President Donald Trump's trade policies, but

Economy|Environment|Science

Turkey’s solar boom shines ahead of a UN climate summit but coal and other fossil fuels loom large

Turkey is spotlighting its renewable energy efforts as it hosts the upcoming U.N. climate summit

Business|Economy|Finance

Bank of England poised to hike rates for first time in 3 years

The Bank of England is widely expected to raise interest rates for the first time in three years on Thursday due to mounting inflation pressures from the US

Business|Economy|Political

White House sets hearing on Fed's Cook for December 14, NYT says

The White House has scheduled for December 14 a planned hearing into allegations of mortgage fraud by Federal Reserve Governor Lisa Cook, the New York Times reported on Wednesday,

Arts|Business|Economy|Environment

BOJ debated need for more rate hikes, scope for faster moves, September minutes show

Bank of Japan policymakers saw the need to keep raising interest rates with some signalling the chance of faster-paced increases, minutes of their September

Business|Economy|Travel

JetBlue raises baggage fees for a second time as jet fuel prices stay elevated

JetBlue has raised its checked baggage fees for the second time this year

Business|Economy|Political|US

Mamdani’s tax on high-end second homes survives legal challenge for now

Mamdani’s tax on high-end second homes survives legal challenge for now

Business|Economy|Travel

Expedia's downbeat revenue forecast dims strong quarter on steady travel demand

Online travel firm Expedia Group forecast fourth-quarter revenue largely below Wall Street expectations, as the industry struggles with the Middle East conflict

Economy|Finance|Stock Markets

Trading Day: Oil tanks, stocks leap on US midterms   

Investors put money to work on Wednesday, piling into stocks, bonds, non-dollar currencies and gold following historic US midterm elections that

Economy|Finance|World

Brazil's central bank ends run of rate cuts after Lula election win

Brazil's central bank ended a run of interest rate cuts and kept borrowing costs on hold on Wednesday as it grappled with a worsening inflation outlook

Business|Economy|Finance|Technology

Rheinmetall shares slide as investors question growth outlook after second guidance cut

Rheinmetall shares fell 13% on Thursday, the biggest decline in the STOXX 600, after the German defence group cut its outlook for a second time in three months,

Arts|Business|Economy|Finance|Technology

Chipmaker YMTC's IPO on hold as China tightens share sale approvals, sources say

Flash-memory chipmaker Yangtze Memory Technologies Co has put its Shanghai IPO on hold, according to a company memo and three people with knowledge of the matter, as Beijing tightens

Business|Economy|Technology

Texas data centers face uncertain future after Hinojosa wins governor’s race

Texas governor-elect Gina Hinojosa has

Business|Economy|Finance|Sports

LIV's financial backer dropping plan for new league in 2027

LIV Golf's future is in doubt after a Financial Times report that its main investor is dropping plans for LIV 2.0

Arts|Business|Economy|Education|Election|Entertainment|Lifestyle|Science|Technology|World

Democrats deliver a stunning rout in Texas to retake power for the first time in decades

For more than 30 years, Texas Democrats had been the party fighting for scraps in the deepest of red states

Business|Economy|Finance|Stock Markets

Dow has best post-midterm elections day in 44 years as Democrats take control of Congress

Dow has best post-midterm elections day in 44 years as Democrats take control of Congress

Arts|Business|Economy|Europe|Finance|World

US slaps sanctions on Indian, Turkish firms and people for aiding Iran

The US Treasury issued fresh sanctions on Wednesday against companies and individuals based in India and Turkey for their support of Iran, warning that

Economy

Trump's midterm drubbing demonstrates the power of data center opponents

Data center

Arts|Economy|Europe|MidEast|Technology

Saudi, Syrian defence ministries sign cooperation agreement, SPA reports

Saudi Arabia and Syria signed a cooperation agreement between the two countries' defense ministries on Wednesday, Saudi state news agency SPA reported, as Yemen's Iran-aligned

Business|Economy|Environment|Finance|Health

3M stock soars following $7.35 billion 'forever chemicals' settlement

Shares of 3M hit an 8-1/2-year high on Wednesday after the industrial products company agreed to pay $7.35 billion to

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Conservative US Supreme Court justices Thomas and Alito in spotlight after Democratic landslide

The US midterm election landslide that gives Democrats control of Congress starting in January is fueling questions about the longevity of the Supreme

Arts|Economy|Election|Europe|MidEast

Politics of fear failed to stop El-Sayed's historic US Senate win

The US president repeatedly branded him a jihadist. His Republican opponent questioned his loyalty to America.

Business|Economy|Finance|Stock Markets|Technology

Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections

U.S. stocks soared after President Donald Trump’s party lost its sole control of Washington in the midterm elections

Economy|Environment|Political

Democrat permitting bill authors 'not going to wait' for new US Congress

The Democratic architects of proposed bipartisan energy permitting legislation said on Wednesday they would not delay the bill in hopes of securing a better deal next year when

Business|Economy|Finance|Political|Stock Markets

Brazil's Lula to reaffirm fiscal commitment in TV address, sources say

Brazil's reelected President Luiz Inacio Lula da Silva is expected to deliver a televised address on Sunday to recommit to budget discipline but without providing policy

Business|Economy|Finance|Science|Technology

Arm forecasts third-quarter revenue above estimates on AI spending boom

By Prathik Jayaprakash and Max A.

Economy|Environment|Health|Science

3M agrees to pay more than $7 billion to settle 'forever chemical' groundwater contamination claims

3M has agreed to pay up to $7.35 billion to settle lawsuits over groundwater contamination from potentially harmful chemicals in firefighting foam and other products

Arts|Economy|Election|Finance|US

Republicans confront a game-changing possibility: They can no longer count on Texas

Republicans confront a game-changing possibility: They can no longer count on Texas

Africa|Americas|Arts|Asia|Australia|Business|Celebrity|Crime|Economy|Education|Election|Entertainment|Environment|Europe|Fashion and Beauty|Finance|Food|Health|Interview|Lifestyle|MidEast|Opinion|Political|Science|Sports|Stock Markets|Technology|Travel|US|World

Seven numbers that explain Democrats' US midterm triumph

Republicans suffered a sweeping midterm rout on Tuesday, losing control of Congress as voters abandoned President Donald Trump’s party

Economy|Election|Environment

How the Democratic sweep could change US energy policy

Big victories by Democrats in congressional races and beyond in midterm elections on Tuesday were a rebuke to President Donald Trump and will likely affect US energy and

Business|Economy|Political|US

Trump is still in charge, but Democrats gain leverage in coming economic debate

From tariffs to oil prices, deregulation to health policy and the freight-train expansion of artificial intelligence, Democratic control of Congress

Arts|Business|Economy

CVS to break up $117 billion business, separating pharmacies from insurance; shares fall

CVS Health said on Wednesday it will split in two, separating its retail pharmacies from the Aetna insurance business and pharmacy-benefit operations in

Business|Economy|Finance|Political|Stock Markets|US

World shares advance as Democrats' victory eases political uncertainty

Global stocks rallied on Wednesday after Democrats seized control of both chambers of Congress in the US midterm elections,

Business|Economy|World

US slaps sanctions on Indian, Turkish firms and people for aiding Iran

The US Treasury on Wednesday issued fresh sanctions against companies and individuals

Economy|Finance|Stock Markets

Markets cheer Democratic win, betting divided Washington means fewer policy shocks

Over the past two years, the Trump administration's sweeping policy shifts in the absence of opposition from a

Economy|World

Midterms are bad for incumbents – and even worse when energy prices are high

The US economy is built on energy prices. When people’s bills are high, they tend to vote against incumbents and their parties.

Economy|Election|Political

The main parties vying to form New Zealand's next government

New Zealand votes in a general election on November 7 with opinion polls pointing to another close contest between the ruling centre-right National-led coalition and

Arts|Economy|Election|Environment|Europe|Health|Technology

What are the main issues and policies in New Zealand's election?

New Zealanders vote on November 7 in an election dominated by the cost of living, housing, jobs, public services and how to deal with a more uncertain world. 

Economy|Election|Political|Technology

Crypto’s midterm spending spree stumbles as Democrats rack up big wins

The crypto industry's roughly $200 million spending spree this election stumbled Tuesday, as some of its most expensive and high-profile

Business|Economy

US trade deficit narrows slightly in September; imports hit record high

The US trade deficit narrowed slightly in September, though imports increased to a record high amid an artificial intelligence spending spree by

Crime|Economy|Europe|Political

Ukraine's corruption police tie senior security officials to major criminal ring

Ukrainian anti-corruption investigators accused senior security officials on Wednesday of shielding a network of illegal businesses ranging from scam centres to

Economy|Environment|Political

US to loan about a third of heating oil reserve in bid to tame prices

The US Energy Department said on Wednesday it would loan 300,000 barrels of fuel oil to four companies from the nation's emergency heating oil reserve in an effort to

Business|Economy|Finance|Science|Technology

AI boom draws chip supply from other end-markets, Siltronic CEO says

An AI chip boom is redirecting semiconductor supply toward data centres and away from smartphones and PCs, constraining some end markets, Siltronic CEO Michael

Arts|Economy|Election|Finance|Stock Markets|US

Dollar declines after Democrats take US Congress in midterm elections

The dollar retreated on Wednesday but was off its earlier lows after a sweeping victory by Democrats in the US midterm elections removed a source of

Business|Economy

Irish tax revenue up 10% so far this year

Ireland's tax revenue rose 10.3% in the first 10 months of 2026 compared to a year earlier, excluding one-off proceeds from a ruling related to Apple back taxes, the finance

Business|Economy|Political|US|World

Canada says midterms won't change trade stance, sees talks with US officials

A senior Canadian cabinet minister said on Wednesday the US midterm results would not change Ottawa's stance towards trade talks with the US, adding he would speak soon to

Business|Economy|Finance

Gold heads for biggest daily gain since August as dollar weakens

Gold surged more than 3% on Wednesday, on track for its biggest daily gain since mid-August as the dollar tumbled after Democrats swept the US midterm elections

Business|Economy|Finance|Stock Markets|Technology|US

Democrats' midterm sweep fuels $750 billion Big Tech rally

Democrats' midterm election sweep sent shares in US tech giants soaring on Wednesday as investors bet that potential curbs on new data-center

Business|Economy|Finance

AI debt binge isn't crowding out Treasuries, TBAC says

AI-driven corporate borrowing isn't crowding out demand for US Treasuries, according to the latest meeting of the Treasury Borrowing Advisory Committee, which

Business|Economy|Finance|Health

CVS to split into two companies, in major breakup of its $117 billion healthcare empire

CVS to split into two companies, in major breakup of its $117 billion healthcare empire

Business|Economy|Finance|Stock Markets|US

Wall St opens higher as Democrats win Congress; data center stocks slide

US stocks opened higher on Wednesday as investors bet a divided Washington after the Democrats' midterm sweep could limit sharp policy shifts, though data center-related stocks were

Business|Economy

Canada's services PMI shows sector shrinking for fifth straight month

Canada's services economy contracted for a fifth straight month in October as trade uncertainty and rising prices weighed on activity, S&P Global's Canada

Business|Economy|Environment|Finance|Technology

AI data-center stocks slide, renewables rally after Democratic US midterm sweep

Data-center stocks slid on Wednesday, while clean-energy shares rallied after Democrats seized control of Congress, prompting investors to

Arts|Economy|Election|Finance

Election stiffens the Fed's guardrails, but independence risks remain

Democrats' sweeping midterm victory strengthens the Federal Reserve against President Donald Trump's efforts to meddle with it, with the Senate's

Crime|Economy|Europe|MidEast|Political|World

Dozens dead and missing after Russian strike on Ukrainian aid centre, officials say

The death toll from a Russian bombing of an aid distribution point in Ukraine's southeastern Zaporizhzhia region on Monday has risen to 40,

Business|Economy|Election|Finance|Health|Stock Markets

Health insurers, hospitals rally after sweeping midterm win for Democrats

Shares of Medicaid-focused US health insurers and hospital operators rose in early trading on Wednesday as Democrats' sweep of the Senate and House of Representatives in the midterm

Business|Economy|Finance

US services sector activity cools slightly in October; inflation remains elevated

US services sector growth slowed marginally in October amid a moderation in new orders, but supply chains remained strained, keeping prices for inputs elevated.

Business|Economy|Finance|Technology

HP picks GSK restructuring veteran Walmsley as CEO, shares jump over 6%

HP Inc on Wednesday named former GSK chief and Microsoft board member Emma Walmsley as CEO to steer the PC maker through a memory-chip crunch that has driven up

Business|Economy|Technology

From Iran to trade: how the US midterms impact the rest of the world

The US Democrats' "blue wave" of midterm election victories is already causing ripples across the rest of the world, where trade partners, strategic allies and enemies all

Asia|Business|Economy|Europe|Finance|MidEast|Stock Markets|Technology|World

Uber's profit forecast disappoints as driver shortages, Middle East conflict hurt

Uber forecast fourth-quarter profit below Wall Street expectations on Wednesday, as a shortage of drivers, costlier fuel and the Middle East conflict choked ride-hailing growth from

Arts|Economy|Europe|Finance|World

ECB rate hike looks nearly certain after inflation rises to three-year high

Euro zone inflation rose to a three-year high last month on surging food and energy costs and was set to rise further in the coming months, firming up

Arts|Business|Economy|Food

McDonald's says US sales on the mend as promotions draw diners back

McDonald's said its US sales were improving on the back of promotions and marketing, following a decline in the third quarter as financially

Business|Economy|Finance|Stock Markets|Technology

Flutter pauses share buybacks to focus on cutting costs and debt

Online gaming giant Flutter will pause its share buyback programme to prioritise organic investment, deleveraging and cost-savings, its new CEO said on

Arts|Economy|Europe

Montenegro could sign accession treaty with EU in June 2027, European Commission says

BRUSSELS, Nov 4 - The European Union could conclude accession negotiations with Montenegro by the end of this year and could sign an accession treaty with the country as soon as June 2027, the

Business|Economy|Stock Markets

US Democratic win unlikely to ease firms' cost, tariff woes in near term, executives say

Global companies said on Wednesday that Democrats' capture of the United States Congress is unlikely to

Economy|Europe|Political

Ukraine needs to accelerate reforms to meet its EU accession goal, bloc’s executive says

BRUSSELS, Nov 4 - Ukraine would need to speed up reforms if Kyiv wants to meet its own European Union accession negotiation goal, the European Commission said in a report on Wednesday.

Business|Economy|Science|Technology

AI shopping agents could threaten Amazon and Walmart's ad business

By Juveria Tabassum, Nicholas P.

Africa|Americas|Arts|Asia|Australia|Business|Economy|Education|Election|Europe|Finance|Interview|MidEast|Stock Markets|US|Videos

Trump's midterm drubbing could give trade partners room to resist

The drubbing for Donald Trump's Republicans in US midterm elections could embolden some trade partners to push back against his combative policies, although they may need to tread

Economy

Democratic sweep positive for US credit rating outlook, Scope Ratings says

The Democratic sweep of the US midterm elections is positive for the country's sovereign credit rating, Europe-based credit rating agency Scope Ratings said on Wednesday.