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Thyssenkrupp spins off warship unit to tap defence boom
Shares in Thyssenkrupp's naval unit surged Monday as it was spun off from the German industrial giant, highlighting the buzz around European defence firms as the continent rearms amid a growing Russian threat.
Kering shares jump on sale of beauty division to L'Oreal
The share price of Kering, the French luxury group that owns Gucci and other brands, jumped sharply Monday after it announced the $4.6-billion sale of its beauty products division to L'Oreal. Proceeds of the sale of its beauty division, which includes its leading perfume brand Creed, will go to alleviate the 9.5 billion euros ($11 billion) in debts it has racked up.
Cargo plane skids off Hong Kong runway, kills two
A cargo plane veered off a runway Monday during landing in Hong Kong, hit a security patrol car and then skidded into the sea, leaving two men in the vehicle dead, authorities said. Yiu said the patrol car was not on the runway at the time of the accident, and that "it was the aircraft that veered off the runway to hit the patrol car, which was outside the fence" and pushed it into the water.
China's economic growth slows amid sputtering domestic demand
China's economic growth slipped below five percent in the third quarter of 2025, the slowest pace in a year as trade headwinds and a domestic consumer slump continued to weigh. It also represented the slowest growth since the same quarter last year, when GDP expanded 4.6 percent.
Asian markets bounce back as China-US trade fears ease
Asian markets rose Monday after conciliatory comments from Donald Trump at the weekend ease worries about China-US trade tensions, while Tokyo stocks surged to a record on news of a deal to end political turmoil in Japan.
California's oil capital hopes for a renaissance under Trump
Every five years, the fading US town of Taft puts on a days-long "Oildorado" festival to celebrate its glory days at the center of California's black gold rush. Festival-goers can compete for the title of best welder, crane operator or backhoe loader -- or be crowned the "Oildorado Queen."
OpenAI big chip orders dwarf its revenues -- for now
OpenAI is ordering hundreds of billions of dollars worth of chips in the artificial intelligence race, raising questions among investors about how the startup will finance these purchases. "They will need hundreds of billions of dollars to live up to their obligations," said Gil Luria, managing director at D.A. Davidson, a financial consulting firm.
Withering vines: California grape farmers abandon fields as local wine struggles
For more than a century, Lodi's grape growers have supplied the old wineries that make this Californian city famous. "With wine grapes, you've really got to go out there and you've got to talk to wineries, you've got to make connections, you've got to hope that things work, you've got to hope that all the stars line up," he said.
China's power paradox: record renewables, continued coal
Call it the China power paradox: while Beijing leads the world in renewable energy expansion, its coal projects are booming too. Fishman argues that "green power demand is insufficient to keep capacity expansion high", though the government has policy levers to tip the balance, including requiring companies to use more renewables.
AFP
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