Trump Administration Audits Somali-American Citizenship Cases for Possible Fraud

The Trump administration has launched audits of immigration cases involving U.S. citizens of Somali origin to identify potential fraud that could lead to denaturalization, officials said on Tuesday. Homeland Security Assistant Secretary Tricia McLaughlin stated that U.S. law allows revocation of citizenship if it was obtained fraudulently, noting that such cases are rare and typically take years to resolve. According to the Immigrant Legal Resource Center, an average of about 11 denaturalization cases were pursued annually between 1990...

AI Investment Boom Supports Global Growth, Warns IMF of Job Disruptions

Global investment in artificial intelligence infrastructure is helping sustain worldwide economic growth at around 3%, despite an energy supply shock, International Monetary Fund Managing Director Kristalina Georgieva said on Monday. Speaking at the IMF...

Volkswagen Reports Sharpest Delivery Decline in Over Four Years

German automaker Volkswagen reported a 14.3% decline in global vehicle deliveries in the third quarter, marking its steepest drop in more than four years. Deliveries fell to 1.89 million vehicles, with continued weakness in...

European Shares Rise as Investors Focus on Earnings and US Inflation Data

European shares rose on Monday, while US stock futures remained broadly steady as investors looked beyond surging oil prices to the start of the third-quarter earnings season and key US inflation data. The pan-European...

TotalEnergies Expands US Renewable Energy Venture with KKR in $1.2 Billion Deal

TotalEnergies said on Monday that it is expanding its joint venture with investment firm KKR in the United States through the addition of a renewable energy portfolio valued at $1.2 billion. The deal includes...

Wall Street Futures Steady as Investors Eye Bank Earnings, Inflation Data

Wall Street futures were little changed on Monday as investors monitored oil prices and geopolitical developments ahead of key US bank earnings and inflation data due this week. At 5:36 a.m. ET, Dow E-minis...

EU Sets November 16 Deadline for UniCredit’s Commerzbank Takeover Review

Italian lender UniCredit has sought European Union antitrust approval for its proposed takeover of German banking group Commerzbank, with the European Commission setting November 16, 2026, as the deadline for its decision, according to...

Telecom Stocks Slide as SpaceX Spectrum Deal Sparks Competition Fears

US and European telecommunications stocks tumbled on Friday after SpaceX’s acquisition of low-band spectrum intensified concerns over competition from satellite-based mobile services. T-Mobile US, Verizon and AT&T fell between 5.5% and 7.4% in premarket...

Qualcomm and Arm Face Jury Verdict in Licensing Dispute

Qualcomm’s lawsuit against chip technology supplier Arm Holdings is heading to a jury in a five-day trial to determine whether Arm breached licensing agreements and deliberately undermined Qualcomm’s business dealings with Meta Platforms. The...

Netflix Reportedly Plans to Cut 5% of Its Workforce

Netflix is planning to cut approximately 5% of its workforce, with an announcement expected as early as next week, according to a report by Puck News on Friday, citing people familiar with the matter....

US Suspends Green Card Applications for Microsoft, IT Firms; Probes Top Universities

The United States has suspended permanent labour certification applications linked to Microsoft, Adobe and major IT services companies as part of a widening crackdown on alleged immigration fraud and the protection of American jobs....