THE MOAT

The business of the world.

THE MOAT Daily with the world's top business stories. Subscribe

THE MOAT as it stood at 26 October 2026, 03:17 Brussels time · Archive · Today’s page

Lula wins Brazil’s presidency for a fourth time with 51.8% of the vote

MercoPress /

Also: The Wall Street Journal Lula Clings to Power in Brazil Election Upset, Bloomberg Brazil Extends Voting by Two Hours After Briefly Starting Count, Financial Times Lula re-elected Brazil’s president in knife-edge election, Semafor Brazil votes in narrow presidential runoff · see all

In other languages: Valor Econômico Lula é reeleito presidente da República (pt), La Nación Ganó Lula en Brasil: cómo impactará en los mercados, las exportaciones argentinas y las vacaciones de verano (es), Handelsblatt Gegen Rechtsruck in der Region: Brasilien bleibt links: Lula gewinnt Präsidentenwahl (de), Svenska Dagbladet Brasilien förlänger valet (sv), Aftenposten Brasils høyesterett har besluttet å utvide valglokalenes åpningstider (no), Expansión (México) Brasil vuelve a las urnas con Lula y Flávio Bolsonaro en una elección que se define en una segunda vuelta (es), NRC Lula verrast en wint presidentsverkiezingen in Brazilië (nl), Jornal de Negócios Eleições no Brasil: Lula da Silva volta a ganhar em Lisboa e no Porto na segunda volta (pt) · see all

  1. Musk says SpaceX raised US$40 billion in debt for GPUs

    The Business Times /

    Also: Bloomberg Musk Claims SpaceX Closed $40 Billion Debt Deal for AI Chips, MarketWatch Musk says SpaceX landed a $40 billion debt deal — and forecasts doom for some AI rivals

    In other languages: Handelsblatt Künstliche Intelligenz: SpaceX sichert sich 40 Milliarden für KI-Chips (de), Diario Financiero Musk afirma que SpaceX cerró un acuerdo de deuda por US$ 40 mil millones para impulsar su negocio de IA (es)

  2. Serbian Strongman Vucic Concedes Defeat in Snap Elections

    Marina Zec / Balkan Insight (BIRN) /

    Also: The Kyiv Independent Russian-friendly Vucic concedes defeat to student protest movement in Serbian election, The Guardian Serbian leader Aleksandar Vučić ousted by student movement in seismic election, Kyiv Post Serbia Votes as Student Movement Mounts Major Challenge to Vučić, bne IntelliNews Can Serbia’s students finally bring down Vucic?, The New York Times Aleksandar Vucic Concedes Defeat in Serbian Election, POLITICO Europe Serbia’s Vučić concedes defeat after tense parliamentary elections, Financial Times Serbia’s ex-president Vučić concedes defeat to Student List in parliamentary poll · see all

    In other languages: Svenska Dagbladet Historiskt skifte: Vučić erkänner sig besegrad (sv), Dagens industri Vucic förlorar i Serbien (sv)

  3. US military gives Elon Musk’s SpaceX access to sensitive tracking data

    Tom Perkins / The Guardian /

    Also: The New York Times Elon Musk Says Ukraine Violated Starlink’s Rules

    In other languages: Rzeczpospolita Przełom ws. Starlinków na Ukrainie. „Zaczęły działać przy prędkości 420 km/godz.” (pl), Handelsblatt +++ Ukraine-Krieg +++: Ukraine weist Vorwürfe von Musk zu Starlink-Nutzung für Offensivangriffe zurück (de)

  4. Goldman Says Yen Becoming Better Hedge Against AI Market Shock

    John Cheng / Bloomberg /

    Also: Mint Yen turns into better hedge against AI-driven market shock, thanks to Japan’s policy backdrop changes: Goldman Sachs, The Business Times Japan’s yen is becoming a better hedge against AI market shock: Goldman Sachs

  5. AI spending fears threaten to swamp Big Tech’s strong earnings

    The Business Times /

    Also: The Japan Times AI spending fears threaten to swamp Big Tech’s strong earnings, Bloomberg AI Spending Fears Threaten to Swamp Big Tech’s Strong Earnings

  6. María Corina Machado returns to Venezuela

    Florantonia Singer and Alonso Moleiro / El País /

    Also: The Wall Street Journal Venezuela’s Machado Returns Home, Challenging U.S.-Backed Government, The Guardian Exiled opposition leader María Corina Machado returns to Venezuela

    In other languages: Aftenposten Maria Corina Machado tilbake i Venezuela (no), Le Temps María Corina Machado, prix Nobel de la paix 2025, fait son retour au Venezuela après un exil de bientôt un an (fr), Handelsblatt Exil: Oppositionelle Machado kehrt überraschend nach Venezuela zurück (de), Diario Financiero Líder opositora venezolana María Corina Machado regresa a Venezuela tras 10 meses fuera del país (es), NRC Na de zoveelste poging is oppositieleider María Corina Machado nu echt terug in Venezuela (nl), Jornal de Negócios Corina Machado regressou à Venezuela (pt), Valor Econômico Líder da oposição, María Corina Machado retorna à Venezuela (pt) · see all

  7. Trump defends tariffs at rally as he says Audi to build U.S. plant

    The Japan Times /

    Also: The New York Times Audi to Build Factory in Georgia, Trump Says, The Business Times Audi to build multibillion-dollar US car factory: Trump

    In other languages: Frankfurter Allgemeine Deutsche AutoIndustrie: Audi baut für vier Milliarden Dollar ein eigenes Werk in den USA (de), Der Spiegel Donald Trump: »Mr Audi« macht US-Präsident ein milliardenschweres Wahlkampfgeschenk (de), Jornal de Negócios Audi investe 3.570 milhões para ter a primeira fábrica nos EUA (pt), Valor Econômico Trump anuncia primeira fábrica da Audi nos EUA, com foco em grandes SUVs (pt), Handelsblatt US-Wahlkampf: Auftritt bei Trump: Audi will neues Werk in den USA bauen (de), Le Figaro Donald Trump annonce un «énorme investissement» d'Audi aux États-Unis (fr), Het Financieele Dagblad Audi bezorgt Trump steuntje in de rug met belofte van miljardeninvestering (nl) · see all

  8. Xi Jinping’s corruption crackdown in the spotlight as China prepares for meeting of top leaders

    Amy Hawkins / The Guardian /

  9. Audi invests four billion in US plant after Trump deal

    Euronews /

    In other languages: Aftenposten Audi-sjefen side om side med Donald Trump. Bygger to bilfabrikker i USA til 60 milliarder. (no), Børsen Audi investerer 27 mia. kr. i ny fabrik i USA (da), El País Audi abrirá su primera fábrica en EE UU para esquivar las pérdidas provocadas por los aranceles de Trump (es), Dagens industri Audi planerar fabrik i USA (sv), Frankfurter Allgemeine Fabrik in Georgia: Der Audi-Chef macht sich zu Trumps Wahlhelfer (de), Expansión Trump anuncia en un acto de campaña que Audi construirá su primera fábrica en EEUU (es) · see all

  10. Singapore faces energy risks with ‘resource nationalism’ that undermines contracts: Tan See Leng

    Sharanya Pillai / The Business Times /

  11. BYD’s Korea Expansion Challenges Hyundai Dominance on Home Turf

    Hyonhee Shin and Andy Lin / Bloomberg /

    Also: The Business Times BYD’s South Korea expansion challenges Hyundai dominance on home turf

  12. Private equity beyond the target: How buyouts reshape supply chains

    Olivier De Jonghe and Cédric Huylebroek / CEPR /

  13. Hong Kong to tighten burgeoning premium financing market as red flags, risks emerge

    Zoe SL Chan / South China Morning Post /

  14. Washing away the US: Tariff evasion on the other side of the US–China trade war

    Huijia Liu / CEPR /

  15. Standard Chartered-led Anchorpoint plans retail stablecoin as HSBC RedCoin launches

    Tim Yuen Lingk / South China Morning Post /

  16. Britain will not join Canada-led defence bank, sources say

    The Globe and Mail /

    Also: Financial Times Britain will not join Canada-led defence bank

  17. France’s Nuclear Forces Bring In Neighbors to Keep Russia in Check

    Yaroslav Trofimov / The Wall Street Journal /

  18. Has Healey’s military-style budget secrecy really played out so differently to past budgets?

    The Guardian /

    Also: BBC Healey's Budget needs to sustain the stronger economy through gathering clouds

  19. Bon Secours nears $6bn takeover of Bain-backed Surgery Partners

    Financial Times /

    Also: Bloomberg Bon Secours Nears $6B Takeover of Surgery Partners: FT

  20. Starlink shows why Canada can't outsource its sovereignty to Elon Musk

    Bruce Arthur / Toronto Star /

  21. Inside Singapore’s new five-year energy plan: S$5.3 billion grid upgrade, trebling of storage capacity

    Janice Lim / The Business Times /

  22. Ind AS 118: India Inc gears up for big changes to financial reporting

    The Economic Times /

  23. Data centre debate heats up ahead of US midterms - here's what you need to know

    BBC /

  24. Hunting for AI gains outside Magnificent 7

    Brendan Ruberry / Semafor /

Earlier today

  1. How France Became the Poster Child for Debt Woes

    James Mackintosh / The Wall Street Journal /

  2. How the Seizure of a Russian Vessel Brought the Ukraine War to the Arctic

    Matthew Luxmoore / The Wall Street Journal /

  3. Goldman Sachs steps up Asia hiring as wealthy clients eye US assets for diversification

    Yulu Ao / South China Morning Post /

  4. NOT A DROP: ‘This thing is killing us’ — residents bear the cost of Tshwane’s water failures

    Jamie Ho / Daily Maverick /

  5. Cabinet split emerges over controversial Rosebank oilfield decision

    The Guardian /