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Also: Bloomberg Brazil Election: Senate Approves Bill to Shorten Workweek in Boost to Lula, The Guardian Brazil cuts work week to 40 hours in win for Lula ahead of runoff
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Asia’s Uneven Economic Resilience Faces Stress Tests, IMF SaysAlso: Bloomberg IMF APAC Chief Warns of Rising Market Risks
In other languages: Valor Econômico Resiliência econômica desigual da Ásia enfrenta testes de estresse, diz FMI (pt)
Anthropic tells investors quarterly revenue up 50% to $16.8bn ahead of IPOAlso: BBC Anthropic revenue surges to $16.8bn ahead of stock market listing, MarketWatch Anthropic’s slowing growth could be the AI trade’s latest red flag
In other languages: Jornal de Negócios Receitas da Anthropic disparam em trimestre antes do IPO (pt), Handelsblatt Künstliche Intelligenz: Anthropic erzielt vor Börsengang 16,8 Milliarden Dollar Quartalsumsatz (de)
Why Ukrainian strikes on data centers are a real problem for Russia — and beyond
In other languages: Valor Econômico Ucrânia ataca maior data center russo e põe em risco avanço de Moscou em IA (pt), Le Temps Les frappes ukrainiennes sur des data centers perturbent les services en ligne en Russie (fr)
French debt worries spill into stocks, driving biggest underperformance since 2010UAE-backed GlobalFoundries to run two chip plants under $21bn US-Japan deal
In other languages: Asahi Shimbun 対米投資第3弾で半導体工場建設へ 日米関税合意に基づき最大3兆円 (ja)
Container ship sinks near strait of Hormuz amid surge in Iranian attacksAlso: Semafor Iran ramps up ship strikes in Hormuz ahead of US midterms, The Wall Street Journal Two Cargo Ships Sink Near Hormuz, as Iranian Attacks Spike, Bloomberg Cargo Ship Sinks in Strait of Hormuz After Strike Triggers Fire · see all
In other languages: Dagens industri Två skepp har sjunkit i Hormuzsundet senaste dygnet (sv), Valor Econômico Dois navios afundam perto do Estreito de Ormuz após ataques com projéteis (pt), Rzeczpospolita Iran nasila ataki w cieśninie Ormuz. Zatonął kontenerowiec uderzony pociskiem (pl)
Chip Stocks Set to Erase $1 Trillion in Value as Rout DeepensAlso: Financial Times Global tech sell-off deepens as Asian markets tumble, MarketWatch The AI trade is splintering as inflation fears rattle hyped-up tech stocks, The New York Times Stocks Tumble as Concerns Over Inflation and A.I. Investments Grow
IMF official says buffers against Iran war price shock are narrowing
Smartphone Shipments Crash 22% in Worst Quarter Ever, IDC Says
U.K. and Europe Recoil From Trump’s Diesel Deal With PutinAlso: Semafor Trump doubling down on Russian diesel deal as Republicans run from it, DW Trump's diesel deal with Russia is unlikely to significantly lower global fuel prices despite expectations of rapid relief
India’s IDBI Stake Sale Brings Timely Buffer Against $100 OilInflation report raises Fed rate-hike odds
Also: Bloomberg Hot Inflation Lifts Fed Rate-Hike Bets, Financial Times Fed’s October Beige Book points to higher inflation
In other languages: Valor Econômico Um terço dos distritos do Fed relatou aceleração da inflação no último mês, mostra Livro Bege (pt), The Korea Economic Daily (Hankyung) 美 물가 충격에 금값 1.8% 급락…Fed 금리 인상론 확산 (ko), Dagens industri Fed: Ekonomiska aktiviteten har ökat svagt (sv)
Lufthansa to become new TAP shareholder, Portuguese government saysAlso: Financial Times Lufthansa wins battle to buy stake in Portugal’s TAP
In other languages: Estadão Lufthansa paga 1,2 bilhão de euros por quase 50% das ações da TAP Air Portugal (pt), Rzeczpospolita Lufthansa przejmuje niemal połowę portugalskich linii TAP. Państwo zarobi miliardy (pl), Valor Econômico Lufthansa vence disputa e levará 44,9% da portuguesa TAP, por US$ 1,3 bilhão (pt), Expansión Lufthansa compra el 44,9% de la lusa TAP y se impone a Air France-KLM (es), 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), Süddeutsche Zeitung Luftfahrt: Lufthansa steigt bei TAP Air Portugal ein (de), Le Temps Lufthansa met un pied dans TAP Air Portugal (fr) · see all
NTT may build JPY1 trillion Anthropic data centre in Osaka
Toilet paper and secret recorders: What we know about the arrest of the Saudi OpenAI engineerAlso: Financial Times He linked Saudi Arabia to Silicon Valley. Then OpenAI found a bug wrapped in toilet paper, Bloomberg Apple, OpenAI Head to Court in High-Stakes AI Trade Secret Fight, The Guardian OpenAI accuses employee who left for Apple of leaking plans for unreleased device, Semafor OpenAI employee arrested over office bugging · see all
In other languages: Valor Econômico Juiz do caso Apple-OpenAI diz que é "muito provável" que decida a favor da fabricante do iPhone (pt), Diario Financiero Apple y OpenAI se enfrentan en tribunales por disputa sobre secretos comerciales (es)
Bank of America Fined $1.21B Over AML Failures
Also: Bloomberg Bank of America Missed Some Bad Guys
In other languages: Valor Econômico Segundo maior banco dos EUA é multado em US$ 1,95 bilhão por falhas no combate à lavagem de dinheiro (pt), Diario Financiero Caída histórica de Bank of America: acciones se desploman tras multa récord de US$ 1.210 millones (es), Het Financieele Dagblad Beleggers straffen Bank of America af voor witwasboete (nl)
'In the medium term, AI will force states to fundamentally rethink their tax systems'
A perfect storm: how the super El Niño is devastating the fishing industry
Sudden Starlink Restrictions Hamper Ukraine Just as Russia EscalatesAlso: bne IntelliNews SpaceX throttles Ukraine's military Starlink without warning, Kyiv says, POLITICO Europe Ukrainian officers warn Starlink slowdown ‘comparable to a nuclear strike against us’, The Wall Street Journal Starlink Suspicions and a Frantic Warning: Inside Trump’s Turn on Zelensky, The Guardian In Ukraine, civilian casualties were already rising. Restrictions on Starlink will only worsen the death toll · see all
In other languages: Valor Econômico Ucrânia diz que SpaceX restringiu uso do Starlink em meio a tensões com os EUA (pt), Diario Financiero Ucrania presiona a EEUU y la OTAN por sorpresivas restricciones a Starlink tras ataque ruso (es), Rzeczpospolita Dobre wieści dla ukraińskiego wojska. „Przywracana jest łączność Starlink” (pl), Jornal de Negócios Zelensky pede a Musk restabelecimento do acesso aos satélites Starlink (pt), Handelsblatt Ukraine: Polens Außenminister attackiert Musk wegen Starlink-Drosselung: „Spielst du wieder Politik mit deinen Produkten?“ (de) · see all
Banking watchdogs scrutinize AI use amid stability fears, sources say
US lifts sanctions against Jorge Rodríguez, president of Venezuela’s National AssemblyAlso: Bloomberg Washington Lifts Sanctions on Venezuela’s Top Lawmaker, MercoPress US lifts sanctions on Jorge Rodríguez, president of Venezuela’s National Assembly
Exclusive: British Business Bank puts £180m into six AI funds, including Evantic and EF
Deepening tech sell-off drags stocks lower as major markets slide
Eight states accuse OpenAI of coaching children to harm themselves in lawsuitIn other languages: Aftenposten Åtte amerikanske delstater saksøker OpenAI. Mener ChatGPT skader barn. (no), Dagens industri Delstater stämmer Open AI (sv)
THE MOAT Daily with the world's top business stories.
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Earlier today
Apple gears up for AI product push in China
Bessent Pushes IMF on ‘Distortionary’ Policies, in China Signal
FCA plans to embrace AI to automate financial regulationAramco HQ attack exposes Saudi defense gaps, infrastructure vulnerabilities
IMF Warns China Stimulus Lacks Ambition, Leaves Yuan Undervalued
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