Global Markets Recover as Democrats’ Midterm Victory Raises AI Regulation Concerns
Global stock markets recovered on Wednesday after an initial decline triggered by the Democratic Party’s sweeping victories in the US midterm elections, which raised concerns over tighter regulatory scrutiny of the artificial intelligence sector....
Global Central Banks Pause Rate Hikes in October Amid Persistent Inflation Concerns
Global central banks largely maintained interest rates in October following a series of rate hikes in September, as policymakers continued to grapple with persistent inflationary pressures. The Bank of Canada was the only central...
Binance Says Financial Position Remains Strong as Hack Triggers $4.72 Billion Outflows
Binance has said its financial position remains strong and customer withdrawals have largely stabilised following a major cryptocurrency heist involving $6.3 billion in digital assets. Co-CEO Richard Teng said the exchange experienced a surge...
Bull and Schwarz Digits Join Forces to Develop European AI Computing Services
French supercomputer manufacturer Bull and Schwarz Digits, the technology arm of Germany’s Schwarz Group, have signed a preliminary agreement to jointly develop artificial intelligence computing services operating entirely under European jurisdiction. The partnership aims...
US Midterm Elections Put AI Stocks and Market Stability in Focus
Investors are closely monitoring the US midterm elections as a potential shift in congressional control could influence financial markets, particularly the artificial intelligence (AI) sector. The elections come at a fragile time for markets,...
Lonza to Acquire Five US Manufacturing Sites from Merck in Major Expansion
Swiss contract drug manufacturer Lonza announced on Tuesday that it would acquire five US manufacturing sites from Germany’s Merck KGaA, significantly expanding its presence in the country and strengthening its capabilities in producing advanced...
Taco Bell Sales Fall Sharply as Food Safety Outbreak Hits Customer Traffic
Yum Brands reported a sharper-than-expected decline in quarterly same-store sales at its Taco Bell business, as a multistate cyclosporiasis outbreak in the United States during the quarter weakened customer confidence and discouraged dining out....
Estee Lauder Raises Forecasts as Prestige Beauty Demand Fuels Turnaround
Estee Lauder is stepping up brand investments and reducing its reliance on discounts and promotional offers as its turnaround strategy gains momentum. Chief Executive Stephane de La Faverie announced the move on Monday after...
China’s US Farm Imports Hit Seven-Year Low Despite $17 Billion Trade Pledge
China’s purchases of US agricultural products, excluding soybeans, are on track to reach a seven-year low in 2026, raising doubts about its commitment to an annual $17 billion import deal with Washington. Although the...
Apollo Launches €10 Billion European Credit Platform to Support Regional Investments
Global asset management firm Apollo has launched a €10 billion European credit platform, aiming to capitalise on rising demand for private financing as Europe increases investments in defence, energy and infrastructure. Named the European...