Latest Business News
Trump Targets China's Critical Minerals Dominance with New Deals
U.S. Trade Representative Jamieson Greer discussed President Trump's critical minerals deals aimed at countering China's dominance and the framework for a U.S.-India trade deal. These moves are part of a broader strategy to secure supply chains in energy, aircraft, and technology, potentially worth $500 billion over five years.
Xiaomi Reports 81% Q3 Profit Surge Driven by EV Sales
Xiaomi announced an 80.9% jump in third-quarter profit, fueled by strong electric vehicle sales and innovative initiatives. This marks the first time the company achieved a net gain from EV operations in a single quarter.
AkzoNobel and Axalta Merge to Form $25 Billion Paint Giant
AkzoNobel, maker of Dulux paint, is merging with Axalta Coating Systems in a deal valuing the new entity at $25 billion. AkzoNobel shareholders will receive a $2.5 billion dividend as part of the transaction.
Hyundai Pledges Record $85.8 Billion Investment in South Korea
Hyundai Motor Group plans to invest $85.8 billion in South Korea over five years, focusing on AI, robotics, and electric vehicles. The investment aims to boost innovation and vehicle exports.
Nokian Tyres Updates Strategy and Financial Targets to 2029
Nokian Tyres' Board approved a new strategy emphasizing sustainable growth and weather-resilient tires, with a Capital Markets Day scheduled for February 11, 2026. Non-financial targets remain unchanged, with a review planned for 2026.
Canada Housing Market Faces Recession Risk in 2026 Amid Tariffs
CMHC forecasts subdued housing demand due to U.S. tariffs under Trump affecting steel, aluminum, and autos, with high costs keeping buyers sidelined. A mild recession is possible if business sentiment worsens and investments drop.
US Jobless Benefit Claims Hit Two-Month High
Continued unemployment claims rose to 1.957 million for the week ending October 18, per Labor Department data. This increase comes amid government shutdown delays and economic pressures.
Trump Appointees Downplay Climate Change Economic Impact
President Trump's financial appointees dismiss climate change's economic effects despite trillions lost to disasters with escalating costs. This stance contrasts with data showing rising financial burdens from weather events.
UNCTAD: Data Centres Reshaping Global Investment Landscape
UNCTAD reports that data centres are transforming global investments, with growth resuming led by finance. Global investment growth holds up but faces uncertainty from trade and economic outlooks.
UNCTAD Least Developed Countries Report: Services as Path to Transformation
UNCTAD's report explores services as a new avenue for structural transformation in least developed countries. It highlights key data and messages for economic development through service sectors.
UNCTAD Trade and Development Report 2025: Global Economy on the Brink
The report warns of trade, finance reshaping the global economy, with new data releases planned for 2026. It addresses investment rebounds and e-commerce measurement improvements.