Chronological

Latest news

Every story as it is published, newest first. Times in GMT.

Sunday 25 October

22:55
Oil & Gas
Brent climbs above $116 on fears of renewed US strikes on Iran
Oil posted a third straight weekly gain as President Trump said the US 'may do it a little bit further' and Houthi attacks on Saudi Arabia raised supply worries.
22:52
Europe
France's borrowing costs hit 2002 high as unrest and budget doubts collide
Moody's held France's rating at Aa3, but the yield on ten-year French debt has climbed above 5 per cent and the premium over Germany is the widest in 15 years.
22:49
Gulf EconomiesAnalysis
IMF expects Gulf economies to shrink 4.8% this year before a sharp rebound
Kuwait, Qatar and Bahrain face the deepest contractions as the Hormuz disruption cuts oil and gas output, while Oman is the only GCC state forecast to grow.
22:46
Global Markets
Fed, ECB and Bank of Japan decisions headline a crowded week for markets
Investors expect the Federal Reserve to hold rates on Wednesday after September's increase, with US growth data, inflation figures and Big Tech earnings due in the same week.
22:43
Big Tech
Meta's AI bill turns free cash flow negative and rattles investors
Revenue beat forecasts, but higher capital spending guidance and a $2.1bn cash outflow in the third quarter sent the shares down about 7 per cent.
22:40
Saudi Arabia
Houthi attacks on Saudi energy sites and airports prompt US staff withdrawal
Washington ordered non-essential diplomats out of Saudi Arabia after strikes on Dammam airport and the Shaybah oilfield, as Aramco told staff to leave its Dhahran headquarters.
22:37
EquitiesAnalysis
Big Tech earnings put AI spending to the test after Meta sell-off
Alphabet, Microsoft and Amazon report this week as investors question whether record capital spending is turning into cash, a week after Meta's shares fell about 7 per cent.
22:34
Economic Indicators
UK retail sales fall 0.4% in September as warm weather hits clothing
Shoppers held back on autumn and winter ranges, the ONS said, although sales volumes still rose 0.7 per cent across the third quarter.
22:31
Banking & Finance
Barclays to cut 5,000 jobs as it turns to AI to lower costs
The bank said about 5 per cent of its workforce would go by the end of the year, as third-quarter profit rose 13 per cent but missed some investors' expectations.
22:28
Corporate Earnings
Volvo Cars cuts 2,500 jobs after swinging to a third-quarter loss
Revenue fell by almost a quarter as sales in China nearly halved and US tariffs squeezed margins; the shares fell more than 20 per cent in Stockholm.
22:25
Energy Security
Trump invokes Defense Production Act to expand US oil production and refining
A presidential memorandum declares petroleum essential to national defence, opening the way for federal financial support as fuel prices stay high.
22:22
Data Centres & InfrastructureAnalysis
Nvidia's $164.5bn of data centre guarantees draw scrutiny as AI cloud firms wobble
The chipmaker is underwriting leases and buying spare capacity to keep demand for its processors strong, leaving it more exposed if AI customers struggle to pay.
22:19
Tariffs & Trade Policy
US trims some Canadian goods from 50% tariff list but adds others
Seaweed, packing boxes and some plywood are exempted from the end of October, while cocoa powder, vinyl flooring and shampoo are added, ahead of the US midterms.
22:16
International TradeAnalysis
EU weighs further curbs on China as trade deficit heads for a record
A preliminary deal to limit Chinese electric and hybrid car imports has not eased tensions, with the bloc's deficit running at roughly €1bn a day.
22:13
Economic Growth
China grows 4.5% in third quarter as exports mask weak home demand
A 36 per cent jump in September exports lifted growth back to the bottom of Beijing's target range, but economists warn the headline hides widening gaps across the economy.
22:10
Asia-PacificAnalysis
Bangladesh set to edge past India on income per head, IMF figures show
The IMF's latest forecasts put Bangladesh's nominal GDP per person ahead of India's this year, though the lead is narrow, flips on a purchasing-power basis and is projected to reverse by 2029.