Business & Markets
Nasdaq Plunges 5.5% as AI Sell-Off Wipes Out $2.5tn
The Nasdaq fell 5.5% on Thursday, its worst day since April 2025, as AI stocks plunged after the Democrats' midterm sweep — and the rout spread to Asia.
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Business & Markets
Global markets, trade, central banks, energy prices, companies and the world economy.
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Business & Markets
Developing Nations' Debt Hits Record $9.4 Trillion
Developing countries' external debt hit a record $9.4 trillion in 2025, the World Bank says, with the poorest paying their highest borrowing costs since 1989.
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Business & Markets
Audi Weighs $3bn Second Phase for Georgia Plant
Audi is considering a $3 billion second phase for its first US plant near Macon, Georgia, adding 3,000 jobs by 2033 to the $4 billion project.
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Business & Markets
Bank of England Raises Rates to 4% in First Hike Since 2023
Bank of England raises Bank Rate to 4%, its first hike in over three years, warning more rises may follow if the Middle East conflict keeps energy prices high.
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Business & Markets
Oil Plunges 9% as Midterm Rout Fuels Iran War Exit Hopes
Brent crude fell 9% to a two-month low after Democrats swept the US midterms, as traders bet the new Congress will push for a quicker end to the Iran war.
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Business & Markets
China Blocks SoftBank's $5.4bn ABB Robotics Deal
China has blocked SoftBank's $5.4 billion takeover of ABB's robotics division, throwing Masayoshi Son's push into AI-powered automation into doubt.
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Business & Markets
France Strikes Nationwide Over Wages
Hundreds of thousands marched across France on Thursday as five major unions staged a nationwide strike over wages, pensions and the cost of living.
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Business & Markets
Bangladesh Agrees Pay Rise After Garment Protests
Bangladesh's garment wage board agreed to raise minimum pay after five days of wage protests, but the new figure will not be announced until December.
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