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Asian markets sink on concerns over tech rally, Fed rates
Asian markets sank Friday, tracking a selloff on Wall Street as worries over next month's Federal Reserve interest rate decision and persistent speculation about a tech bubble dampened sentiment. The dimmer outlook for rates compounded worries that the tech sector may be overpriced after an AI-fuelled surge this year that has sent markets to records.
Trump eyes $2,000 checks, 50-year mortgages as economic fears loom
Is it still the economy, stupid?
Fight over fossil fuels drawdown looms at UN climate summit
Two years after nations agreed to transition away from fossil fuels, dozens are pushing to go even further at the COP30 climate summit, setting up a showdown with oil powers. It was the first time a decision by all nations at a climate summit had explicitly mentioned a global move away from fossil fuels, the main driver of climate change.
BBC says sorry to Trump, but rejects defamation claim
The BBC said Thursday that its chairman had sent a letter to US President Donald Trump apologising for a misleading edit of one of his speeches, but rejected that it was grounds for a defamation lawsuit.
Strong first-half profits keep Alstom firmly on rails
French rail manufacturer Alstom reported Thursday a strong first half of its 2025-2026 fiscal year, as sales and net profit both rose, propelled by healthy global demand for trains and rail infrastructure.
Pfizer completes Metsera acquisition in deal worth up to $10 bn
US drugmaker Pfizer said Thursday that it has completed its acquisition of biotech firm Metsera, closing a deal worth up to $10 billion after a fierce bidding war. It had offered to acquire Metsera for up to $86.25 per share, making the deal worth around $10 billion.
Boeing union votes to end strike, accept new contract
More than 3,000 striking Boeing defense workers on Thursday voted to end a strike over wage increases and retirement benefits, one of the longest work stoppages in the company's history. After rejecting four previous offers, workers accepted a wage increase and a $6,000 upfront payment.
Starbucks baristas launch strike on chain's 'Red Cup Day'
Hundreds of unionized Starbucks baristas kicked off an indefinite strike Thursday in cities across the United States, protesting working conditions and stalled labor negotiations. The "Red Cup Rebellion" will see rallies at 4 pm local time in more than a dozen US cities, and a work stoppage by about 1,000 baristas, according to Starbucks Workers United.
Mexican car industry fears higher tariffs on China will drive its demise
Mexico's car assembly industry, one of the biggest in the world, fears US President Donald Trump's tariff war will impede access to an increasingly indispensable component: digital dashboard touchscreens for which parts are sourced mainly in China.
AFP
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