Business
EU, China agree to halve Chinese hybrid car exports to EuropeNew
Beijing will cut hybrid and plug-in hybrid shipments to Europe by more than half over four years. Brussels gets breathing room for its carmakers; China gets a fast lane for rare earths and tariff cuts on 4 billion euros of European goods.
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Business
Markets roundup: crypto sleeps, Cardano jumps, savers win as Fed hikesNew
Bitcoin drifted sideways near $82,800 while Cardano jumped 7 percent on a technical rebound. Stocks rose on AI-capex names, with Amazon up 3.3 percent. And the Fed's rate-hike U-turn is paying savers up to 5 percent while punishing borrowers.
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Business
Trump Announces 4.8M Tons of Russian Diesel in Sanctions U-TurnNew
Trump announced a Russian diesel deal after talks with Putin, with Treasury waiving sanctions through April 2027. Zelensky called it a "weak decision" that hands Moscow new revenue weeks before the November 3 midterms.
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Business
Hurricane Isaias Forces Nearly Two-Thirds of U.S. Gulf Oil Output OfflineNew
Federal data show 1.3 million barrels a day shut in as the 2026 season's first hurricane bears down on the northern Gulf Coast, with landfall expected late Friday or early Saturday.
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Business
Oil Surges to $104 as Iran and Houthis Escalate Tanker AttacksNew
Brent crude hit its highest price since mid-September after a tanker near Qatar was struck and Houthi militants fired missiles at Saudi airports for a third straight day. The spike is already being felt at American gas pumps.
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Business
Trump Backs Swipe-Fee Bill That Could Reshape Your Credit Card RewardsNew
Trump, Vance and top campaign aides have thrown their weight behind the long-stalled Credit Card Competition Act, which would let merchants route card payments over rival networks, and could change the rewards you earn at checkout.
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Business
Samsung Smashes Records With 107.4 Trillion Won Quarterly Operating Profit
The 107.4 trillion won operating profit, up 783 percent year on year, is the first 100-trillion-won quarter in South Korean corporate history.
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Business
Big Tech's AI Borrowing Spree Strains Bond Markets as Yields Flirt With 24-Year Highs
SpaceX, Broadcom and Oracle are reportedly seeking tens of billions in new debt to buy AI chips, pushing sovereign bonds and raising questions about the AI investment loop.
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Business
TCS Profit Jumps 14.8% as Sensex Tumbles 1,045 Points on Global Risk-Off
India's earnings season opened with a strong TCS print overshadowed by a sharp selloff as crude climbed and the dollar strengthened.
