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Dutch tech giant ASML: China sales to dip 'signficantly' in 2026
Dutch tech giant ASML said on Wednesday it expected its sales in China to fall significantly next year, as it booked flat net profits in the third quarter of 2025 compared with the same quarter last year.
China consumer spending falls as pressure on economy builds
China's consumer prices continued to fall last month, with official data highlighting the battle leaders face in trying to kickstart domestic spending in the world's number two economy while fighting a trade war with the United States.
Asian markets rally as Fed cut hopes trump trade war fears
Stocks jumped Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the bank would cut interest rates again this month. And while price gains continue to outpace the bank's target pace, a series of weak readings has forced him to turn his focus on jobs, and last month announced the first rate cut since December.
US Republicans seek to shield oil giants as climate lawsuits advance
President Donald Trump's second term has seen the United States go all-in to boost Big Oil and block renewables -- yet a wave of state and local climate-damage lawsuits against the fossil fuel industry continues to advance. Results in the cases have so far have been mixed: oil firms have won dismissals in some states, while others have allowed cases to advance.
Brazil, other nations agree to quadruple sustainable fuels
Brazil, India, Italy and Japan vowed Tuesday to quadruple their production and consumption of renewable fuels, hoping other countries will join the pledge during UN climate talks in November. The pledge involves quadrupling the production of sustainable fuels such as biofuels, hydrogen and some synthetic fuels by 2035, compared to 2024 levels.
Strong dealmaking boosts profits at US banking giants
Robust dealmaking activity and strong trading results helped boost US bank earnings Tuesday despite lingering worries about a softening job market and a potentially overvalued stock market.
French telecoms join forces to break up embattled SFR
Three of France's main telecom groups said Tuesday they lodged a joint bid for SFR, a debt-laden rival struggling to keep up in an increasingly competitive market. If the takeover bid is successful, Bouygues would acquire 43 percent of SFR's operations, Iliad 30 percent and Orange 27 percent.
US indicts Cambodian tycoon over $15bn crypto scam empire
US authorities on Tuesday unsealed an indictment against Chen Zhi, a UK-Cambodian businessman accused of running forced labor camps in Cambodia where trafficked workers carried out cryptocurrency fraud schemes that netted billions of dollars.
Myanmar scam centres booming despite crackdown, using Musk's Starlink: AFP investigation
Scam centres in Myanmar blamed for swindling billions from victims across the world are expanding fast just months after a crackdown that was supposed to eradicate them, an AFP investigation has found. China, Thailand and Myanmar forced pro-junta Myanmar militias who protect the centres into promising to "eradicate" the compounds in February.
AFP
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