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Doloresz Katanich

Markets

Indonesian stocks suffer worst fall in 28 years after MSCI warning

The index provider is weighing reclassifying the country from emerging market to standalone status, potentially forcing funds tracking MSCI's emerging market indexes to sell their Indonesian holdings.

16 October 2026

Business

Norway may open €2 trillion wealth fund to nuclear weapons makers

Norway's sovereign wealth fund, the world's largest with assets of more than €2 trillion, may once again be allowed to invest in firms that make nuclear weapons under a proposal published on Thursday.

15 October 2026

Economy

Germany backs sugar tax on soft drinks to help fund health service

The German cabinet has approved draft legislation to tax sugar-sweetened drinks in the country from 1 July 2027. The sugar tax is intended to help fund the statutory health insurance system, easing pressure to raise contributions.

15 October 2026

Economy

US inflation rises to 3.7% as fuel costs climb ahead of midterms

Higher petrol prices and airfares pushed US inflation to 3.7% in September, adding pressure on households and the Federal Reserve weeks before the midterm elections.

14 October 2026

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Markets

Oil prices rise after reported attacks on ships in Strait of Hormuz

Oil prices rose on recent reports that Iran attacked ships in the Strait of Hormuz. European gas prices hovered near a four-year high, while Asian shares had a mixed reaction and European equities opened higher.

14 October 2026

Business

Bank of America fined $1.2bn over money laundering failures

US authorities have imposed a $1.2 billion (€1.07bn) penalty on Bank of America over failures to tackle money laundering. The bank also settled alleged sanctions violations involving Iran and Russia.

14 October 2026

Business

Big US banks beat earnings forecasts, but JPMorgan falls short

Wall Street's biggest banks reported another strong quarter on Tuesday, but they warned that higher rates and inflation could bite.

13 October 2026

Business

LVMH sales: China slowdown hits Louis Vuitton and Dior

LVMH, the world's leading luxury group, said its sales edged higher in the third quarter despite a slowdown in demand in China hitting its fashion and leather goods segment.

13 October 2026

Business

French defence firm Thales to open Japan maintenance base

The facility could be the first in Japan set up by a foreign defence company to maintain military equipment and support its operation, according to Nikkei.

12 October 2026

Economy

IEA urges additional diesel releases ahead of key meeting

Tightening global diesel markets prompted the International Energy Agency to call on its members to accelerate previously agreed releases from strategic oil reserves, prioritising diesel. The IEA also asked member states to assess "whether additional diesel releases are necessary".

12 October 2026

Markets

EU countries agree to shift major financial market oversight to ESMA

EU countries struck a deal on Friday to give the EU’s financial markets watchdog more powers, aiming to make cross-border investment easier and help businesses raise more money across the bloc.

Economy

Germany lifts GDP forecast as economy withstands Iran war

The government lifted its full-year growth projection to 1.3%, up from its April forecast of just 0.5%, as the German economy proved more resilient than expected.

Business

Ryanair CEO sees no European jet fuel shortages into summer 2027

Ryanair CEO Michael O’Leary expects Europe to have enough jet fuel through next summer, but warns that high prices will persist for another 12 to 18 months.

Markets

Oil tops $105 as Trump weighs return to Iran combat operations

Brent crude rose above $105 a barrel on Thursday after reports that US President Donald Trump is considering a return to "major combat operations" against Iran, while European stock markets opened lower as rising oil prices fuelled inflation fears.

Business

Mercedes global sales fall 6% as electric car sales hit record high

Mercedes-Benz shares fell after the German carmaker reported a 6% fall in global sales, driven by weakness in China. Sales outside China edged higher, supported by growth in Europe and North America.

Business

Paramount and Warner Bros merge to form Hollywood giant Skydance

Two of America’s oldest film studios have completed their merger, bringing CNN, HBO and franchises including The Godfather and Harry Potter under one roof.

Business

Schneider Electric shares plunge on record $22.6bn PTC deal

French energy technology group Schneider Electric has signed a definitive agreement to acquire Boston-based PTC for $22.6bn (€20.1bn) to expand its industrial AI business. The French company's shares plummeted on Monday following the announcement.

Economy

Gulf crude exports return to pre-war levels, excluding Iran

Oil exports from the Middle East, excluding Iran, exceeded their pre-war average last week, Kpler data showed, as pipelines helped bypass the Strait of Hormuz despite continued attacks on shipping.

Business

The best place to retire abroad is no longer in Europe

European destinations scored highly in a new global retirement ranking, with six countries among the top ten, as people looking to retire abroad weigh higher taxes against quality of life.

Economy

Europe’s diesel reserves: How a release could lower pump prices

The EU says it is ready for collective action with the IEA on a fresh emergency release. Analysts say releasing diesel reserves could lower pump prices within days, but would offer only short-term relief.

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