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Dubai Telegraph - Economy (English)
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Planes, trains, trucks and taxis ground to a halt in Argentina on Wednesday in a major one-day strike over President Javier Milei's austerity policies.
Stocks mostly retreat, bitcoin close to record high
Stock markets largely fell Wednesday as investors digested a mixed bag of economic data and corporate reports, while bitcoin traded close to its record high ahead of the US presidential election.
Stocks diverge, bitcoin close to record high
Stock markets diverged Wednesday as they digested a mixed bag of economic data and corporate reports, while bitcoin traded close to its record high with eyes on the upcoming US presidential election.
Germany dodges recession but inflation rises sharply
Germany dodged a technical recession after posting surprise growth in the third quarter, official data showed Wednesday, but the rare good news for Europe's largest economy was tempered by a sharp uptick in inflation.
Riyadh Air orders 60 Airbus planes
Saudi Arabia's new national airline, Riyadh Air, announced on Wednesday it has ordered 60 narrow-body aircraft from Airbus, as it prepares for takeoff next year.
Eurozone economy grows more than expected
The eurozone economy grew faster than expected between July and September buoyed by Germany's surprise expansion, official data showed Wednesday, but experts warned of slow growth in the months ahead.
UBS smashes forecasts with $1.4 bn net profit
Swiss banking giant UBS said Wednesday it earned a net profit of $1.4 billion in the third quarter, beating analyst expectations.
Chinese EV giant BYD beats Tesla in quarterly revenue for first time
Chinese electric vehicle giant BYD reported surging sales on Wednesday, surpassing global rival Tesla in quarterly revenue for the first time as its push into overseas markets advances.
US economic growth solid but below expectations as election nears
The US economy undershot expectations in the third quarter even as growth remained resilient, according to government data Wednesday, weighing on inflation-weary voters less than a week to the presidential election.
Volkswagen sees 'painful' cost cuts ahead as profit plunges
Ailing auto giant Volkswagen warned Wednesday that "painful" cost cuts were unavoidable as third-quarter profit plummeted, fuelling tensions with unions which fear mass job losses and factory closures on home turf Germany.
Botswana votes as president's party seeks to extend six-decade rule
Diamond-rich Botswana went to the polls Wednesday with voters concerned about high unemployment and an economic slump as the ruling party vies to extend its nearly six decades in power and hand President Mokgweetsi Masisi a second term.
Stocks falter, bitcoin close to record high
Major stock markets mostly dropped Wednesday and bitcoin traded close to its record high with all eyes on the upcoming US presidential election.
Eurozone economy grows faster than expected
The eurozone economy grew more than expected in the third quarter, official data showed Wednesday, thanks to Germany which defied expectations and dodged a recession.
Germany dodges recession, posts surprise growth on spending boost
The German economy unexpectedly grew in the third quarter as domestic spending increased, official data showed Wednesday, defying expectations of a slowdown that would have tipped the European giant into a technical recession.
Worries for Japan economy after election shock
Political uncertainty after Japan's election shock risks slowing economic reforms, pushing up government spending and even holding up the Bank of Japan's exit from its outlier monetary policy, economists said.
Volkswagen profit plunges on high costs, Chinese slump
Europe's biggest carmaker Volkswagen reported a 64-percent drop in third-quarter net profit Wednesday, as it struggles with high costs and slowing sales in China.
Bitcoin close to record as cautious markets eye US election
Bitcoin was close to $73,000 in early Asian trade Wednesday, approaching a record high with investors keeping a cautious eye on the US presidential election.
UK's Labour govt prepares to deliver decisive first budget
Britain's new Labour government unveils its first budget on Wednesday, with Prime Minister Keir Starmer warning of tax rises and public spending cuts as he focuses on long-term growth.
Beijing files WTO complaint over EU's new taxes on Chinese EVs
Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.
'New wave' as start-up sweeps up Thai ocean plastic
As a long-tail boat arrives at a fishing village on the southern Thai island of Koh Chang, residents gather to sell their wares -- not seafood, but plastic.
Alzheimer's patient 'relieved' at Quebec's assisted suicide policy shift
Sandra Demontigny was afraid of being a prisoner in her own body: a 45-year-old diagnosed with early-onset Alzheimer's, she worried about losing control of her life and burdening those she loves for years.
Global stocks mixed as markets await Big Tech results
Global stock markets diverged Tuesday as many investors sat on their hands ahead of a slew of US economic data releases and tech earnings.
Release of new single featuring late One Direction star postponed
The release of a new single featuring Liam Payne, the former One Direction singer who died earlier this month after falling from his Buenos Aires hotel room, has been postponed, a collaborator said on Tuesday.
EU slaps extra tariffs of up to 35.3% on Chinese EVs
The EU on Tuesday decided to impose hefty tariffs on Chinese-made electric cars after an anti-subsidy probe concluded Beijing's support undercut European automakers.
EU adopts extra tariffs of up to 35.3% on Chinese EVs
The EU on Tuesday decided to slap hefty tariffs on Chinese-made electric cars after an anti-subsidy probe concluded Beijing's support to local manufacturers was unfair.
Global stock markets slip with eyes on megatech results, rates
Global stock markets mostly slipped Tuesday ahead of a slew of US economic data releases and tech earnings, and as bond yields rose.
Church must act faster against abusive priests: papal commission
The Catholic Church must make it easier to remove priests who have abused minors, a Vatican commission said Tuesday in its first report on protecting children.
Church must act faster against abuse priests, papal commission
The Catholic Church must make it easier to remove priests who have abused minors, a Vatican commission said Tuesday in its first report on protecting children.
Most global stock markets rise with eyes on megatech results
Most major global stock markets rose on Tuesday with investors looking ahead to the release of US economic data and the earnings reports of tech titans this week.
Lufthansa reports dip in profits in third quarter
German airline group Lufthansa on Tuesday reported an eight percent drop in profits in July to September compared with the same period last year, blaming increased operating and staff costs.
Santander defies interest rate cuts to post higher profit
Spanish banking giant Santander defied falling interest rates in Europe to post a higher net profit in the third quarter through a strong commercial performance, in results published on Tuesday.
'Pure-play' Novartis raises 2024 financial targets
Swiss pharmaceutical giant Novartis raised its 2024 financial targets Tuesday after posting rising sales and margins in the third quarter, thanks in part to increased production of a prostate cancer drug.