Latest Business News
ET Now Global Business Summit Highlights Multipolar World Order
Leaders at the summit discussed the shift to multipolarity without rules risking instability, urging India to deepen non-China trade ties. India's global power index rose from 24th to 6th in 30 years, positioning it as a growth engine alongside Southeast Asia. Europe faces challenges in defense, energy, and competitiveness.
US Jobless Benefit Rolls Hit Two-Month High
Continued claims for unemployment benefits rose to 1.957 million for the week ending October 18 amid shutdown delays. This marks the highest in two months according to Labor Department data.
Xiaomi Reports 81% Q3 Profit Jump on EV Sales
Xiaomi's third-quarter profit surged 80.9% driven by strong electric vehicle sales and innovations. The company achieved its first net profit from EV operations in a single quarter.
Akzo Nobel and Axalta to Merge into $25B Paint Giant
AkzoNobel and Axalta Coating Systems announced a merger creating a $25 billion enterprise. AkzoNobel shareholders will receive a 2.5 billion euro dividend.
Hyundai Pledges Record $85.8B Investment in South Korea
Hyundai Motor Group plans $85.8 billion investment over five years in AI, robotics, and EVs to boost innovation and exports. This is the largest commitment in the company's history.
Global Trade Undergoing Re-Globalization, Not Deglobalization
Experts emphasize supply chain security and free trade agreements as key to re-globalization. Predictability is vital amid shifting dynamics.
Europe Urged to Boost Defense and Security Responsibilities
European Commission Chief Ursula von der Leyen called for more mutual defense commitments at a Munich conference. She stressed Europe's need to step up post-Brexit and amid global shocks.
US Secretary Rubio Reassures Europe on Transatlantic Alliance
Marco Rubio sought to revitalize US-Europe ties for global renewal. This follows concerns over security and comes amid Ukraine peace talks discussions.
Zelenskyy Criticizes EU Absence from Russia Peace Talks
Ukraine's President called Europe's exclusion from negotiations a mistake and urged action against Russia's shadow fleet. He hopes for further sanctions rounds.
Rubio Tours Central Europe to Strengthen Trump Ally Ties
US Secretary of State visits Slovakia and Hungary for energy deals and peace talks. Leaders Fico and Orbán align with Trump on migration, Ukraine, and EU criticism.
India Emerges as Key Engine in Shifting Global Power Balance
Panelists bet on India, Vietnam, and Indonesia for rapid growth to drive global economy. India's rise could benefit neighbors like Sri Lanka and Bangladesh.
Trump Deploys Additional Carrier to Middle East Region
US President Trump confirmed deploying an extra aircraft carrier group amid tensions. This supports Iranian opposition calls for regime change aid.