THE MOAT

The business of the world.


THE MOAT as it stood at 26 October 2026, 17:33 Brussels time · Archive · Today’s page

Front page

  1. Brazil stocks, real tumble as Lula win ends bullish run

    Rodrigo Campos / The Globe and Mail /

    Also: The New York Times Brazilian Markets Convulse After Unlikely Election Result, MercoPress Debt, inflation and a hostile Congress: the economic challenges of Lula’s fourth term, Bloomberg Brazil Markets Set to Dive on Lula Win, EU Plans to Hit China With More Curbs, Bloomberg Brazil Markets Crater, Some Stocks Sink 50% After Lula Victory, Daily Maverick Lula’s Brazil election win has given the world breathing space, The Guardian Lula wins historic fourth term as Brazilian president in defeat of far-right Flávio Bolsonaro, The Wall Street Journal Lula Wins Fourth Term in Brazil Election Upset, Daily Maverick Lula, Brazil’s iconic working class president, wins historic fourth term in dramatic comeback, El País Lula pulls off a historic comeback in Brazil and leads the left to victory over Flávio Bolsonaro, Balkan Insight (BIRN) Serbian Strongman Vucic Concedes Defeat in Snap Elections, Sky News Lula re-elected president in Brazil - as Flavio Bolsonaro calls for result to be annulled, The Economist From this day, fourth: Lula’s surprise win, Financial Times After stunning victory, Lula will face a deep hangover, The Kyiv Independent Bolsonaro refuses to concede as would-be Ukraine peace mediator Lula wins Brazil election, Semafor Brazil’s Lula wins shock reelection · see all

    In other languages: Valor Econômico Vitória de Lula faz B3 acionar 'circuit breaker' pela 1ª vez desde 2020; entenda (pt), Diario Financiero El Bovespa se hunde un 17% por triunfo de Lula y tras suspensión de operaciones en inicio de sesión (es), La Nación Tras el triunfo de Lula, sube el riesgo país y caen las acciones argentinas en Wall Street (es), Le Temps «Le fascisme a été stoppé en Amérique latine»: Lula reste à la tête du Brésil après un scrutin historique à plus d’un titre (fr), Le Figaro Brésil : le réal chute de plus de 10% et la Bourse de São Paulo s’effondre au lendemain de la réélection de Lula (fr), Estadão Lula precisará dar forte guinada na economia para evitar que disparada do dólar vire uma recessão (pt), Handelsblatt Brasilien: „Schock für die Märkte“ – Lulas Wiederwahl sorgt für heftige Kursturbulenzen (de), Le Grand Continent Lula : « Le Brésil n’est l’arrière-cour de personne » (fr), Aftenposten Lula gjenvalgt som president i Brasil (no), Dagens Næringsliv Asia faller – Brasil frykter børsfall etter Lulas seier (no), Svenska Dagbladet Lula omvald – Bolsonaro erkänner inte resultatet (sv), Dagens industri Lula omvald i Brasilien – ifrågasätts av Bolsonaro (sv) · see all

  2. French Bond Rout Overshadows ECB Succession

    Craig Stirling / Bloomberg /

    Also: Financial Times French bonds rally after Moody’s rating reprieve

  3. Apollo takes stake in Abu Dhabi’s Mubadala Capital

    Matthew Martin / Semafor /

    Also: Bloomberg Apollo Takes Stake in Mubadala Capital, Deepening Abu Dhabi Ties, Financial Times Apollo takes minority stake in Abu Dhabi’s Mubadala Capital

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

    The Business Times /

    Also: Bloomberg Meta Seeks Up to $95 Billion in Equity to Fund AI Spending, Financial Times Meta plans $95bn stock offering to bankroll AI expansion, Semafor AI fears add a 200-basis-point premium to SpaceX’s debt, Bloomberg Musk Says $40 Billion Debt Deal for AI Chips Has Closed, The New York Times What’s Riding on Anthropic Going Public? Nearly Everything., The Globe and Mail As Anthropic files for its blockbuster IPO, a look at the biggest players tapping public markets, The Guardian Anthropic filing for US stock market listing reveals rapid revenue gains and even larger losses · see all

    In other languages: Rzeczpospolita Przełom ws. Starlinków na Ukrainie. „Zaczęły działać przy prędkości 420 km/godz.” (pl), Handelsblatt Wall Street: Meta will fast 100 Milliarden Dollar für KI-Ausbau auftreiben (de), Diario Financiero Siguiendo los pasos de SpaceX: Meta busca recaudar US$ 95.000 millones en acciones para financiar su expansión en IA (es), Neue Zürcher Zeitung Die EU will SpaceX aus strategischen Gründen ausbremsen – die USA reagieren mit Drohungen (de), Valor Econômico FT: Anthropic inicia contagem regressiva para IPO com apresentação de prospecto (pt), Børsen Anthropic på vej mod børsen: Nye tal afslører eksplosiv vækst (da), Le Temps SpaceX emprunte 40 milliards de dollars pour financer l’achat de processeurs graphiques utilisés dans l’IA (fr), Der Standard Jetzt ist es offiziell – Anthropic meldet Börsengang an (de), Le Figaro Meta veut lever 95 milliards de dollars en actions pour ses ambitions dans l’IA (fr), Dagens Næringsliv Oppgang på Wall Street: Anthropic avslører kjempetap (no), La Nación Anthropic, la creadora de la IA Claude, publica su solicitud para cotizar en el Nasdaq y recaudar US$100.000 millones (es), Expansión Meta busca 95.000 millones en Bolsa para alimentar su carrera por la IA (es), Svenska Dagbladet Anthropic noteras – kan börja handlas i november (sv) · see all

  5. AI Agents Are Already Changing the Price of Goods

    Joe Weisenthal and Tracy Alloway / Bloomberg /

    Also: Odd Lots AI Agents Are Already Changing the Price of Goods

    In other languages: Valor Econômico Agentes de IA começam a transformar as rotinas nas grandes companhias (pt), Handelsblatt Künstliche Intelligenz: „Wir können diese Agenten schon heute nicht kontrollieren“ (de)

  6. How Ukraine’s Operation Vivaldi pushed back Russian forces in Donbas

    Nick Allard / The Kyiv Independent /

    Also: Kyiv Independent Inside Ukraine’s secret counteroffensive in Donbas

  7. Ukraine strikes Russian plant producing missile and bomb batteries in Yelets, General Staff says

    Asami Terajima / The Kyiv Independent /

  8. Hezbollah readies for new regional war with funds from Iran, sources say

    Al-Monitor /

  9. 'No fuel to keep babies warm': shortages push hospitals in Yemen's Taiz to brink

    Al-Monitor /

  10. Musk's meddling in Ukraine's Starlink is a warning to every country relying on private tech

    Cory Alpert / The Kyiv Independent /

  11. Visa and Mastercard threatened with potential £5bn UK lawsuit over fees

    The Guardian /

  12. Healey to shield low-income pensioners from income tax in the Budget

    BBC /

    Also: Bloomberg UK Budget Preview: Burnham and Healey’s Grip on Gilts and Business Tested, The Guardian Healey is expected to shield low-income pensioners from income tax – but how will it work?

  13. Cyprus signs $1.8bn deal to develop first gas field, with exports to Europe via Egypt

    Euronews /

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

    Al-Monitor /

    Also: Daily Maverick Officials from Mecca pact countries to meet Iranian officials in Tehran on Monday, Semafor Mecca Pact members meet officials in Tehran

  15. Centre committed to reducing fiscal deficit, national debt to be capped at 50% of GDP by 2030: FM Sitharaman

    Mint /

    Also: The Economic Times Nirmala Sitharaman reaffirms govt's fiscal discipline push, puts public debt target at 50% of GDP by 2030

  16. Public Control for a Purposeful Economy

    Mariana Mazzucato / Project Syndicate /

  17. Saudi Arabia’s Houthi Challenge Shifts Fears to Non-Oil Economy

    Mirette Magdy and Christine Burke / Bloomberg /

  18. Plan for AI-run companies challenged by US lawmakers

    Financial Times /

  19. El Niño threatens to deepen southern Africa’s poverty crisis

    Wandile Sihlobo / Daily Maverick /

  20. World's largest real-time payment system; 2,400 crore monthly transactions: FM Sitharaman on India's UPI revolution

    Mint /

  21. Japanese seafood giant Umios to buy Nova Scotia’s High Liner Foods for more than $800-million

    Jameson Berkow / The Globe and Mail /

  22. How the Gachagua-Sifuna alliance is rewriting Kenya’s 2027 playbook

    Jeff Otieno / The Africa Report /

  23. MoSPI report shows Rs 3.22 lakh crore cost overrun in India’s ongoing infrastructure projects

    The Economic Times /

  24. New EU rules threaten Ethiopia's coffee sector

    Damian Zane / Semafor /

Earlier today

  1. India’s ‘dear friend’ is back in power in Brazil, and a $30 billion trade opportunity is on the table

    The Economic Times /

  2. Brazilians vote in presidential election runoff pitting leftist Lula against far-right Bolsonaro

    Tiago Rogero in Rio de Janeiro / The Guardian /

  3. Brazil Extends Voting by Two Hours After Briefly Starting Count

    Daniel Carvalho / Bloomberg /

  4. Brazil’s currency tumbles as investors bet Lula will add to fiscal pain

    Financial Times /

  5. Elon Musk Says Ukraine Violated Starlink’s Rules

    Siobhán O’Grady / The New York Times /