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, 05:02 Brussels time · Archive · Today’s page

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

MercoPress /

Also: The Guardian Brazilians vote in presidential election runoff pitting leftist Lula against far-right Bolsonaro, The Wall Street Journal Lula Clings to Power in Brazil Election Upset, Daily Maverick Lula, Brazil’s iconic working class president, wins historic fourth term in dramatic comeback, Financial Times Lula is re-elected Brazil’s president in knife-edge vote, Semafor Brazil votes in narrow presidential runoff · see all

In other languages: Valor Econômico Em virada histórica, Lula se reelege e quebra onda mundial de avanço da direita (pt), Handelsblatt Wahlen in Brasilien: Lula gewinnt Stichwahl in Brasilien – sichert sich vierte Amtszeit (de), La Nación Ganó Lula en Brasil: cómo impactará en los mercados, las exportaciones argentinas y las vacaciones de verano (es), 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), Estadão O que esperar de Lula na economia após virada histórica e conquista do quarto mandato (pt), 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 $40 Billion Chips Debt Closed, Yet Talks Ongoing, MarketWatch Musk says SpaceX landed a $40 billion debt deal — and forecasts doom for some AI rivals

    In other languages: Le Temps SpaceX emprunte 40 milliards de dollars pour financer l’achat de processeurs graphiques utilisés dans l’IA (fr), 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. 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 Japan Times Yen becoming more favorable hedge against AI market shock, says Goldman Sachs, The Business Times Japan’s yen is becoming a better hedge against AI market shock: Goldman Sachs

  3. Serbian Strongman Vucic Concedes Defeat in Snap Elections

    Marina Zec / Balkan Insight (BIRN) /

    Also: 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)

  4. Top officials from Mecca pact countries to meet Iranian officials in Tehran on Monday, two sources say

    Al-Monitor /

  5. 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)

  6. Audi to build $4bn US plant as it grapples with tariffs

    Financial Times /

    Also: The Guardian Volkswagen to build $4bn Audi SUV factory in US despite job cuts at home, The New York Times Audi to Build Factory in Georgia, Trump Says, The Business Times Audi to build multibillion-dollar US car factory: Trump, Euronews Audi's first US production plant: carmaker strikes deal with Trump · see all

    In other languages: Diario Financiero Volkswagen invertirá US$ 4.000 millones en nueva planta de Audi en Georgia, un estado clave para Trump (es), Aftenposten Audi-sjefen side om side med Donald Trump. Bygger to bilfabrikker i USA til 60 milliarder. (no), 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), 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), Jornal de Negócios Audi investe 3.570 milhões para ter a primeira fábrica nos EUA (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), Expansión Trump anuncia en un acto de campaña que Audi construirá su primera fábrica en EEUU (es) · see all

  7. Death Threats, Lawsuits and Billions in Play: The Battle Over Moving Russian Oil

    Joe Wallace / The Wall Street Journal /

  8. How Abu Dhabi bought Andy Burnham’s Manchester - podcast

    The Guardian /

  9. 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

  10. María Corina Machado returns to Venezuela

    Florantonia Singer and Alonso Moleiro / El País /

    Also: 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

  11. Global gold trading hub status attracts industry leaders to set up operations in Hong Kong

    South China Morning Post /

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

    Amy Hawkins / The Guardian /

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

    Sharanya Pillai / The Business Times /

  14. 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

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

    Olivier De Jonghe and Cédric Huylebroek / CEPR /

  16. Investors Flee India Small-Caps as Margin Calls Come Knocking

    Samie Modak / Bloomberg /

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

    Zoe SL Chan / South China Morning Post /

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

    Huijia Liu / CEPR /

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

    Tim Yuen Lingk / South China Morning Post /

  20. 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

  21. SoftBank’s Son plans $50 billion Malaysia tech outlay, PM Anwar Ibrahim says

    The Japan Times /

    Also: Bloomberg SoftBank’s Son Plans $50 Billion Malaysia Tech Outlay, PM Says, The Business Times SoftBank’s Son plans US$50 billion Malaysia tech outlay: Anwar Ibrahim

  22. Healey's Budget needs to sustain the stronger economy through gathering clouds

    BBC /

    Also: The Guardian Has Healey’s military-style budget secrecy really played out so differently to past budgets?

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

    Yaroslav Trofimov / The Wall Street Journal /

  24. From Carnegie to Claude: AI wealth could reshape philanthropy

    The Japan Times /

Earlier today

  1. How France Became the Poster Child for Debt Woes

    James Mackintosh / The Wall Street Journal /

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

    Financial Times /

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

    Bruce Arthur / Toronto Star /

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

    The Economic Times /

  5. US to remove some Canadian tariffs ahead of elections

    Brendan Ruberry / Semafor /