Catch up: the Oct 7th anniversary; Rio Tinto offers to buy Arcadium Lithium

Die Wirtschaftsforschungsinstitute WIFO und IHS haben ihre Konjunkturprognose gegenüber der Juni-Schätzung stark nach unten korrigiert und rechnen nun mit dem zweiten Rezessionsjahr in Folge. Beide Institute erwarten heuer einen Rückgang der realen Wirtschaftsleistung von 0,6 Prozent, bei der Sommerprognose war noch mit 0,0 bzw. 0,3 Prozent plus gerechnet worden. WIFO und IHS rechnen nun mit mehr Arbeitslosen statt weniger, wie noch im Sommer erwartet worden war. Die Opposition kritisierte die Regierung.

Mohamed El-Erian says the Federal Reserve needs to renew its focus on its fight against rising prices after September’s surprisingly hot jobs report served as a reminder that “inflation is not dead.”

SoftBank Group Corp. founder Masayoshi Son sketched out one of the most aggressive timelines for the adoption of artificial intelligence yet, envisioning a near future where the technology would run entire households.

China’s overseas investment hit a record high as its companies look to build more factories abroad, potentially helping to ease criticism of Beijing’s export policies.

Former Treasury Secretary Larry Summers said the Federal Reserve’s decision to cut interest rates last month was a mistake after new data showed that US job growth last month topped all estimates.

US job growth last month topped all estimates, the unemployment rate unexpectedly declined and wage growth accelerated, reducing the odds the Federal Reserve will opt for another big interest-rate cut in November.

Surprisingly strong hiring in September has taken pressure off the Federal Reserve by reducing worries over the US labor market, giving policymakers room to continue cutting interest rates at a more gradual pace in coming months.

The European Union voted on Friday to impose tariffs as high as 45% on electric vehicles from China in a move set to increase trade tensions with Beijing.

Italy plans to raise taxes on the companies that benefitted most from the economic turbulence of recent years in order to help bring down the country’s budget deficit, Finance Minister Giancarlo Giorgetti said.

US dockworkers agreed to end a three-day strike that had paralyzed trade on the US East and Gulf coasts and threatened to become a factor in the presidential election.

Catch up: Israel moves deeper into Lebanon; oil prices surge

Catch up: Israel moves deeper into Lebanon; oil prices surge

Jim Horgan has had a rough couple of years. As elevated interest rates created the worst housing market for sales in nearly three decades, the suburban Boston mortgage branch manager had seen his team of loan officers dwindle from eight to one, and getting customers was a slog.

Israel’s vow to retaliate against Iran for a massive missile attack on the country is bringing a focus on oil supplies from the Persian Gulf, and keeping markets on edge.

China’s leaders are aiming for economic growth of around 5% this year, an ambitous goal given sluggish consumer spending, a global backlash against Chinese goods and a still shaky property market. In September, with the target sliding out of reach, Beijing unleashed a package of stimulus measures including interest rate cuts to turn things around. Success is not assured. Persistent deflationary pressures have also sparked a discussion about whether the world’s second-biggest economy is headed fo

Seit zehn Jahren gehen die Verkaufsflächen im Einzelhandel zurück. In den vergangenen beiden Jahren habe sich das beschleunigt, so der Marktforscher RegioData. Besonders betroffen seien die Bereiche Schuhe, Elektro, Möbel und Bekleidung. „Unternehmen expandieren weniger, verkleinern teilweise ihre Flächen, und die in letzter Zeit vermehrt aufgetretenen Insolvenzen im Einzelhandel führen zusätzlich zur Schließung von Geschäften“, heißt es in einem am Donnerstag veröffentlichten Bericht. Der Ausblick sei verhalten.

Oil rose for a third day as traders assessed supply risks in the Middle East, with Israel expected to make a retaliatory strike against Iran following Tehran’s missile barrage earlier this week.

Catch up: Israel strikes central Beirut; new evidence in Trump case

Pumping more crude now can be advantageous. But the shift comes at a difficult time for Saudi Arabia.

Daron Acemoglu wants to make clear right away that he has nothing against artificial intelligence. He gets the potential. “I’m not an AI pessimist,” he declares seconds into an interview.

Der seit Dienstag laufende Streik der US-Hafenarbeiter an der Ost- und Golfküste droht der US-Wirtschaft milliardenschwere Kosten einzubrocken und sorgt vor der Präsidentschaftswahl für Unruhe. Das Weiße Haus, das bisher seine Befugnisse zu Beendigung des Arbeitskampfes nicht einsetzen will, erhöhte den Druck auf die Arbeitgeber und forderte eine rasche Einigung.

Nach mehreren israelischen Angriffen auf südliche Vororte der libanesischen Hauptstadt Beirut ist in der Nacht auf Donnerstag erstmals ein Luftangriff auf das Zentrum von Beirut erfolgt. Laut libanesischen Angaben starben dabei mindestens sechs Menschen, sieben weitere seien verletzt worden. Getroffen wurde ein Gebäude in der Nähe des Parlaments.

At 11:12 p.m. in Shenzhen on Sunday, China’s least affordable city eased rules for homebuyers. Less than an hour later, the first batch of prospective customers showed up at a sales center for a suburban project by local developer Excellence Group.

An interest-rate cut that European Central Bank officials deemed unlikely just three weeks ago now seems a near certainty when they next set borrowing costs on Oct. 17.

Health care has been a key driver of post-pandemic employment growth in the US, accounting for about one in five new jobs across the country since 2021. Now a hiring slowdown in that sector is making the broader labor market look increasingly shaky.

US business activity expanded at a slightly slower pace in early September, while expectations deteriorated and a gauge of prices received climbed to a six-month high.

The Swiss National Bank can intervene in currency markets if required and stands ready to lower interest rates again, according to new President Martin Schlegel.