
Business

Elon Musk says he'll give a SpaceX share to every child in America next year
The SpaceX boss said Monday that he'll give one of his company shares to every child in the U.S. next year. He didn't say how the share giveaway would happen.

Concerning economic data pose issues for GOP down midterm stretch
Recent data paints a bleak picture of the economy, lending Republicans another blow as midterm early-voting is underway. Annual inflation, as measured by the consumer price index (CPI), rose from 3…

Tech stocks tumble as AI debt fears rattle Wall Street
Wall Street is pulling back from chipmakers and other tech companies amid concerns about the debt incurred to build out AI.
Lean spectrum
How today's headlines lean, scored by our AI analysis of each article.
Friday, October 16
U.S. budget deficit swells to almost $2 trillion for fiscal 2026, up 12% in a single year
The Treasury Department published the U.S. budget deficit for the 2026 fiscal year.

Oil surges to $110 per barrel for the first time since May
Oil prices jumped sharply Friday to their highest levels in weeks, as investors assessed the impact of both the Iran and Ukraine-Russia wars on global energy.

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Thursday, October 15
ECB Clears UniCredit to Control Commerzbank, Leaving Berlin to Bargain
The ECB has authorised UniCredit to exceed 30 percent of Commerzbank and keep buying with no cap. Berlin, which wants Commerzbank listed and based in Frankfurt, is left to bargain over guarantees.

Monday, October 12
Two Americans win Nobel prize for models to tackle economic downturns
American professors Robert E. Hall and Michael Woodford have won the 2026 Nobel prize in economics for developing new economic models that help governments and central banks stabilize their economies to minimize the impact of external shocks.

Tuesday, October 6
Paramount completes $110B Warner Bros. merger to form Skydance
The deal puts CEO David Ellison in control of one of the world’s largest entertainment companies.

Monday, October 5
Brazil markets' Bolsonaro rally sends stock exchange to record high
Brazil's main stock exchange surged to a record high on Monday as the country's markets cheered on right-wing Senator Flavio Bolsonaro's better-than-expected finish in the first round of Sunday's presidential election.

Saturday, October 3
Iraq says it transported 2 million barrels of crude through Strait of Hormuz
Iraq's state-owned Oil Tanker Company transported 2 million barrels of Iraqi crude aboard a very large crude carrier (VLCC) through the Strait of Hormuz, in what its director general described on Saturday as the company's first such operation in decades.

Friday, October 2
G7 nations will release 100 million barrels of oil and diesel fuel after prices soar
The Group of Seven rich democracies say they've agreed to release 100 million barrels of oil and fuel products, starting with “substantial” amounts of diesel after the fuel recently hit record high prices in the U.S.
Tuesday, September 29
Australia's central bank raises cash rate to 15-year peak
Australia's central bank raised its cash rate to a 15-year high of 4.60% on Tuesday in its fourth hike of the year, saying inflation was too high and it was prepared to hike further if needed.

Swiss regulator concludes Julius Baer bank probe
Switzerland's financial watchdog said Tuesday the bank Julius Baer committed "serious" regulatory violations, but the wealth manager's share price surged as investors turned the page on a probe partly…

Monday, September 28
Russia puts German retailer Metro's assets under temporary administration amid Ukraine tensions
Russia has placed the local assets of German retailer Metro AG under temporary administration, according to a presidential decree published on Monday, amid heightened Ukraine-linked tensions between Moscow and Berlin.

Friday, September 25
China, US agree to AI dialogue, tariff cuts on $30 billion in goods during Xi visit
The two sides also agreed to set up a trade council and extend the outcomes of earlier talks in Kuala Lumpur.

Brazil's Lula bans online gambling ahead of presidential election
Lula, who is currently in a tight presidential race against Flávio Bolsonaro, said the industry was a "cancer" that he must "remove".

Thursday, September 24
Average EU diesel price hits record €2.23 a litre
PARIS — Diesel prices at pumps across the European Union (EU) have hit a new high of €2.23 per litre, up from€2.16 the previous week, an Agence France-Presse ( AFP ) analysis of European Commission data published Thursday showed.

Monday, September 21
Turkish Airlines says all Iran flights suspended until March 2027
Turkish Airlines has suspended all flights to Iran until at least March 2027, a company representative told Iran International, as Iraq also moves to halt Iranian carriers following a US Treasury warning of a worldwide shutdown of their operations.

Ceer unveils its EXOBOT EVs, Saudi Arabia's first electric SUV and sedan
Ceer revealed EXOBOT on Monday, the new flagship electric SUV and sedan from Saudi Arabia’s first EV brand and auto...

Sunday, September 20
Iran economy shrinks 10.1% during US-Israel war, official data shows
Iran’s non-oil economy contracted 4.6 per cent, while oil and gas extraction fell 26.4 per cent in the quarter covering much of the war period

Friday, September 18
Bank of Japan hikes rates to 31-year high to battle inflation
The Bank of Japan raised interest rates to a 31-year high on Friday and said it would lift them further as it looks to counter inflation fuelled by surging energy prices and a weak yen.

Kremlin seizes Nestlé’s assets in Russia as crackdown on private business grows
The Kremlin has moved to seize the Russian assets of Nestlé and French retailer Auchan amid a broader nationalization drive in the country that has seen a surge in seizures of private assets.

Friday, September 11
Saudi Arabia shuts critical oil pipeline after drone attack: What it means
Baghdad launches investigation, closes border after confirming strike came from Iraqi territory.

Thursday, September 10
U.S. crude oil tops $100 again – last seen in May – as market braces for prolonged Iran war
Oil prices remain elevated amid worries that escalating tensions in the Middle East could further exacerbate supply disruptions

ECB raises interest rates to fight off inflation jump
The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war.

IMF says global growth on track to reach 3% in 2026, but risks remain high
The IMF said on Thursday the global economy had weathered the energy shock caused by the war in the Middle East better than feared and global economic output was still expected to expand by about 3% in 2026, but it cautioned that risks remained high.

Tuesday, September 8
US to ban Canadian motorcycle, dairy, alcohol imports as trade war sizzles
The United States banned a broad swath of Canadian alcoholic beverages, motorcycles and dairy products from import on Tuesday, sharply escalating an already acrimonious trade spat.

US hits 27 Iranian airlines with latest sanctions
The targets include Iranian airlines and operators in Malaysia, Turkey, Kazakhstan and the United Arab Emirates, including Mahan Air.

Friday, September 4
Diesel prices hit record high
The average price of diesel hit an all-time high Friday in the U.S., as the conflict with Iran puts more strain on the global energy supply. The average cost of a gallon of diesel in the U.S. was u…

Wednesday, September 2
Stocks climb and US yields ease; yen jumps against dollar
Stock indexes mostly rose on Wednesday after three days of declines as investors watched for new developments in the U.S.-Iran conflict, while the Japanese yen rose sharply against the U.S. dollar.

Dutch Central Bank Shifts 86 Tons of Gold to London
The Dutch central bank moved 86 tons of gold from New York and Ottawa to London, calling it the hub for physical gold trading.
