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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.

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.

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.

Nach dem iranischen Raketenangriff mit mindestens 180 Geschoßen von Dienstagabend hat Israels Premier Benjamin Netanjahu mit Vergeltung gedroht. Der Iran habe einen großen Fehler gemacht „und er wird dafür bezahlen“. Unklar ist, wie ein Vergeltungsschlag aussehen könnte. Laut „New York Times“ („NYT“) könnte die israelische Armee iranische Nuklearanlagen angreifen.

Catch up: Israel promises revenge; Vance-Walz debate

Catch up: Israel promises revenge; Vance-Walz debate

US-Notenbankchef Jerome Powell sieht die amerikanische Wirtschaft noch immer auf einem soliden Fundament und hat erklärt, die Fed werde die Leitzinsen “im Laufe der Zeit” weiter herabsetzen.

BlackRock Inc. Chief Executive Officer Larry Fink said the market is pricing too many interest-rate cuts from the Federal Reserve given the US economy continues to grow.

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.

Euro-area inflation slowed below the European Central Bank’s 2% target for the first time since 2021 — backing investor bets that interest rates may be lowered more quickly than previously anticipated.

With the last traces of the global inflation shock fading, the shift toward lower borrowing costs is about to maintain momentum as economies tread toward a new year fraught with unknowns.

Easing inflation pressures and a deteriorating euro-zone economy support the case for an interest-rate cut this month, European Central Bank Governing Council member Olli Rehn said.

Dockworkers walked out of every major port on the US East and Gulf coasts for the first time in nearly 50 years, staging a strike that could ripple across the world’s largest economy and cause political turmoil just weeks before the presidential election.

The Biden administration is planning to issue a regulation to cement the sweeping asylum restrictions it enacted at the southern border over the summer.

Catch up: Israel launches ground incursion in Lebanon; Powell hints at November rate cut

Christine Lagarde said the European Central Bank is becoming more optimistic that it will be able to get inflation under control, and will reflect on that at its October interest-rate decision.

The impact of the candidates’ policies on tax breaks, tariffs, immigration, housing and inflation for the US.

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.

French Prime Minister Michel Barnier plans to announce additional taxes to raise between €15 billion and €18 billion ($16.7-$20 billion) as he looks at ways to regain control of the country’s public finances, according to Le Parisien newspaper.

German inflation eased below the European Central Bank’s 2% target for the first time since February 2021 — supporting the case for another cut in interest rates in less than three weeks.

Federal Reserve Chair Jerome Powell said the central bank will lower interest rates “over time,” while again emphasizing that the overall US economy remains on solid footing.

A funding squeeze is putting the city’s businesses under pressure amid China’s slowdown and weak consumer demand.

Nach der Nationalratswahl ist vor den Koalitionsverhandlungen. Bundespräsident Alexander Van der Bellen wird bald den Auftrag zur Regierungsbildung vergeben. Am Sonntag wollte er sich noch nicht darauf festlegen, ob er tatsächlich FPÖ-Chef und Wahlsieger Herbert Kickl damit betrauen wird. Laut Politologin Kathrin Stainer-Hämmerle wäre es auch möglich, dass Van der Bellen den amtierenden Bundeskanzler Karl Nehammer (ÖVP) sondieren lasse – und damit bestimmen würde, wer Einladender und wer Eingeladener sei.