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Asia is world's largest producer of ‘zombie' firms, IMF warns
Also: Bloomberg UK Needs to Slash Spending to Fund Defense Buildup, IMF Warns, Mint Why IMF’s growth upgrade for India doesn’t tell the full story, Al-Monitor IMF calls for US to cut deficits amid bond woes, China to shift away from exports, Le Monde Higher borrowing costs an 'alarm signal' for France, says finance minister, South China Morning Post IMF warns higher borrowing costs are straining public finances worldwide, The Japan Times U.K. and Indian economies set to overtake Japan, IMF says, The Guardian IMF sounds alarm on rising government borrowing costs – business live, Financial Times Asia has become the largest producer of zombie companies, IMF warns · see all
In other languages: Valor Econômico FMI pede que EUA reduzam déficits e cobra da China menor dependência das exportações (pt), Le Figaro «L’ampleur du gaspillage des fonds publics est saisissante» : l’alerte du FMI sur les dettes publiques de la France et des États-Unis (fr), Neue Zürcher Zeitung Der Währungsfonds warnt vor einer «gespaltenen Weltwirtschaft»: Nur ein Teil der Länder könne vom KI-Boom profitieren (de), Frankfurter Allgemeine Staatshaushalte: IWF warnt vor Schuldenfalle für Industrieländer (de) · see all
He linked Saudi Arabia to Silicon Valley. Then OpenAI found a bug wrapped in toilet paperAlso: BBC Toilet paper and secret recorders: What we know about the arrest of the Saudi OpenAI engineer, Semafor Saudi national arrested over alleged planting of recording device at OpenAI
In other languages: Handelsblatt Künstliche Intelligenz: Verstecktes Abhörgerät: FBI verhaftet OpenAI-Mitarbeiter (de)
Sudden Starlink Restrictions Hamper Ukraine Just as Russia EscalatesIn other languages: Diario Financiero Ucrania presiona a EEUU y la OTAN por sorpresivas restricciones a Starlink tras ataque ruso (es), Aftenposten Starlink-begrensninger i Ukraina – går ut over militæroperasjoner, ifølge myndighetene (no), Rzeczpospolita Ukrainie ograniczono działanie Starlinków. Ucierpiała armia (pl), Handelsblatt Ukraine: Polens Außenminister attackiert Musk wegen Starlink-Drosselung: „Spielst du wieder Politik mit deinen Produkten?“ (de) · see all
Lufthansa to become new TAP shareholder, Portuguese government saysAlso: Financial Times Lufthansa wins battle to buy stake in Portugal’s TAP
In other languages: Estadão Lufthansa paga 1,2 bilhão de euros por quase 50% das ações da TAP Air Portugal (pt), Valor Econômico Lufthansa vence disputa e levará 44,9% da portuguesa TAP, por US$ 1,3 bilhão (pt), Frankfurter Allgemeine Nächster Zukauf: Lufthansa setzt sich im Bieterduell um TAP durch (de), Der Spiegel Lufthansa gewinnt Bieterrennen um portugiesische TAP (de), Der Standard AUA-Mutter Lufthansa kann bei Portugals Airline Tap einsteigen (de), Het Financieele Dagblad Portugese TAP deels naar Lufthansa, Air France-KLM heeft het nakijken (nl), Le Figaro Air France-KLM évincé, Lufthansa remporte la course à la privatisation partielle de TAP Air Portugal (fr), Jornal de Negócios Lufthansa ganha privatização da TAP com oferta de 1.201 milhões por 49,9% (pt), Handelsblatt Teilprivatisierung: Lufthansa gewinnt Bieterrennen um Portugals Tap (de), Süddeutsche Zeitung Luftfahrt: Lufthansa steigt bei TAP Air Portugal ein (de), Le Temps Lufthansa met un pied dans TAP Air Portugal (fr) · see all
Hot September CPI inflation keeps Fed on course for further tighteningAlso: BBC US inflation rises more than expected ahead of midterm elections, The New York Times Rising Costs Push Necessities Out of Reach for Nearly Half of Americans, Bloomberg US Consumer Prices Rises by Most Since April · see all
In other languages: The Korea Economic Daily (Hankyung) 예상 웃돈 CPI 여파에 美국채 투매…주가 하락·달러 연중최고 (ko), Estadão Inflação acelera nos EUA por conta das pressões persistentes no setor de energia (pt), Asahi Shimbun 米消費者物価、9月3.7%上昇 燃料高でインフレ加速、予想上回る (ja), Le Temps L'inflation américaine continue de grimper en septembre, tirée par la flambée de l'énergie liée au conflit avec l'Iran (fr), Expansión La inflación se dispara al 4,9% en septiembre y los precios de los alimentos suben un 2,7% (es), Valor Econômico EUA: Inflação ao consumidor sobe 0,6% em setembro ante agosto (pt), Dagens Næringsliv Kraftig rentehopp etter nytt inflasjonshopp (no), Dagens industri Högre inflationstakt än väntat i USA – börsen tappar fart (sv), Jornal de Negócios Inflação nos EUA fica acima do previsto. Acelera para 3,7% com gasolina a disparar (pt) · see all
Container ship sinks near strait of Hormuz amid surge in Iranian attacksAlso: Al-Monitor Two Singapore-registered vessels struck in Strait of Hormuz; one sinks
Houthis say targeted Saudi oil giant Aramco, vow more attacks
Also: Bloomberg Saudi Aramco’s New China Refinery Venture Gets First Crude Cargo, Financial Times Military briefing: Houthis expose limits of Saudi Arabia’s vast arsenal, The National Houthi attack hits Aramco's historic nerve centre in Saudi Arabia, The Wall Street Journal Houthi Strike Hits Building at Saudi Aramco Headquarters · see all
In other languages: Diario Financiero Ataques a Arabia Saudita agravan escenario energético (es), Jornal de Negócios Ataque atingiu sede da petrolífera saudita Aramco e provocou incêndio (pt), Handelsblatt +++ Iran-Krieg +++: Angriff auf saudischen Ölkonzern Aramco löst Brand aus (de), Valor Econômico Prédio da Saudi Aramco em Dhahran é atingido em ataque de míssil (pt), Frankfurter Allgemeine Business-Ticker: Firmenzentrale von Saudi Aramco von Huthi-Rakete getroffen (de) · see all
Bank of America Fined $1.21B Over AML Failures
Also: South China Morning Post What does the historic Bank of America fine mean for US-China capital streams?, The Guardian Bank of America fined $1.2bn for money laundering failures
In other languages: Valor Econômico Segundo maior banco dos EUA é multado em US$ 1,95 bilhão por falhas no combate à lavagem de dinheiro (pt), Het Financieele Dagblad Bank of America moet boete van $1,2 mrd betalen wegens gebrekkig antiwitwasbeleid (nl), Expansión Una multa antiblanqueo de más de 1.000 millones lastra los resultados de Bank of America (es), Handelsblatt +++ Geschäftszahlen +++: Strafe für Geldwäsche-Verstöße drückt Gewinn der Bank of America (de) · see all
Apple, OpenAI Head to Court in High-Stakes AI Trade Secret FightAlso: Financial Times Apple and OpenAI head to court in trade secrets battle
In other languages: Diario Financiero Apple y OpenAI se enfrentan en tribunales por disputa sobre secretos comerciales (es)
Netflix to Cut 6% of Global Staff, About 1,000 Jobs, WSJ SaysAlso: The New York Times Netflix, Facing Slowing Growth, Cuts 6% of Its Work Force, Financial Times Netflix to cut 1,000 jobs as growth concerns mount
In other languages: Dagens industri Netflix kapar personalstyrkan med 6 procent (sv), E24 Netflix sparker 1000 ansatte (no), Jornal de Negócios Netflix elimina cerca de mil postos de trabalho, o maior corte desde 2022 (pt), Diario Financiero Netflix recortará 1.000 puestos de trabajo ante la creciente preocupación por su crecimiento (es) · see all
Ukrainian officers warn Starlink slowdown ‘comparable to a nuclear strike against us’
In other languages: Valor Econômico Ucrânia diz que SpaceX restringiu uso do Starlink em meio a tensões com os EUA (pt)
ASML CEO confident AI demand will outstrip supply for years to come
Also: Bloomberg Aramco Headquarters Attacked, ASML Struggles to Keep Up with Demand, MarketWatch Chip bellwether ASML says customers are already asking to place orders — for 2030, Euronews ASML posts record €11.7 billion in sales but warns it can’t keep up with AI demand · see all
In other languages: Valor Econômico ASML eleva projeções pela 3ª vez no ano com ‘boom’ de IA e negocia pedidos até 2030 (pt), Expansión ASML dispara el resultado por los chips para IA y reforzará su producción (es), The Korea Economic Daily (Hankyung) ASML "30% 증산해도 부족"…2030년까지 AI칩 장비 주문 (ko), Handelsblatt Technologie: Europas wertvollster Konzern ASML rechnet mit jahrelangem Boom (de), Jornal de Negócios ASML diz que não consegue responder à elevada procura dos fabricantes de chips (pt), Dagens industri EU vill att Kina lättar på sanktioner mot ASML-leverantör (sv), Frankfurter Allgemeine Chipkonzern ASML: Die größte Gefahr für Europas teuersten Konzern lauert in den USA (de) · see all
US Treasuries Slump as Hot Inflation Lifts Fed Rate-Hike BetsAlso: MarketWatch Rising bond yields and higher inflation leave the Fed trapped in a rate-hike dilemma
China’s Exports Soar, Putting Its Trade Surplus on Track for a RecordAlso: Bloomberg China’s Producer Prices Jolted by Oil as Inflation Rebounds, The Wall Street Journal Chinese Exports Accelerated in September
In other languages: Handelsblatt Exporte: China erreicht beim Handelsüberschuss bald die Billionen-Dollar-Marke (de), Estadão Exportações da China disparam e colocam superávit comercial a caminho de novo recorde (pt), Jornal de Negócios Excedente comercial da China volta a crescer em setembro. Exportações sobem 36% (pt), Dagens industri Oväntat kraftigt lyft för Kinas export (sv) · see all
The AI doom debate is missing the grid’s real cyber problems
Could AI ‘change the stakes’ in the development of bioweapons?UAE-backed GlobalFoundries to run two chip plants under $21bn US-Japan deal
Also: Bloomberg GlobalFoundries Gets $21 Billion to Run Plants in US-Japan Deal
Five Arrested in 1 Million Euro Fraud Against NATO
Trump’s Latest Effort to Fire a Fed Official Underscores Political MotivesAlso: Bloomberg Fed Weighs More Hikes on Inflation Concerns
In other languages: Le Temps La gouverneure de la Fed, Lisa Cook, repousse la convocation de Donald Trump, éloignant une possible révocation (fr), Valor Econômico Bowman, do Fed, diz que inflação está acima da meta, mas não há urgência para agir (pt), Dagens industri Svettig siffra för Fed (sv)
EU admits its Georgia policy is failing as Tbilisi doubles down on confrontation
One of Turkey’s last pro-opposition TV stations raided, placed under control of government trustee
Also: Al-Monitor Turkey seizes opposition Halk TV as crackdown widens: What to know
Deadly drone strikes in NATO waters raise stakes for Black Sea trade
Court clears way for Spanish firm’s bid to liquidate Ketraco over Sh10bn award
Rising diesel prices have helped fuel inflation — and we’re about to see how much worse it could get
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Earlier today
Bank of America fined $1.2bn over money laundering failures
Saudi Arabia strikes strategic oil depots near Yemen capital
Ukraine blindsided by Starlink restrictions and intelligence gaps during Russian attackNvidia to announce $2B in European investments
Fed’s Lisa Cook Puts Off White House Hearing Over Trump’s Allegations
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