Business·
Two ships sink after projectile strikes in Strait of Hormuz
The sinkings followed separate projectile strikes, one killing a crew member, and come amid a sharp rise in Iranian attacks on commercial shipping.
Business
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JJLiu112 / CC0Business·
U.S. Bureau of Labor Statistics Reports 3.7% Inflation in September
The rise was largely driven by higher energy prices, especially gasoline and diesel, amid the ongoing conflict in Iran.
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Netflix cuts 1,000 jobs, 6% of workforce, in largest layoff since 2022
The cuts target product, technology, HR and legal teams, following earlier 2022 reductions as the company seeks to trim costs amid slowing revenue.
Adrian Pingstone / Public domainBusiness·
Bank of America fined $1.2B by Treasury for money‑laundering violations
The U.S. Treasury Department ordered the second‑largest U.S. bank to pay more than $1.2 billion for violations of anti‑money‑laundering and sanctions laws, a penalty that could dent its third‑quarter earnings.
SeaWiFS Project, NASA/Goddard Space Flight Center, and ORBIMAGE / Public domainBusiness·
Saudi pipeline shut by drone strike, oil prices surge above $108
The shutdown follows a drone strike by Iran-backed Houthi rebels and has prompted Gulf states to postpone talks on the Strait of Hormuz.
Phillip Pessar / CC BY 2.0Business·
Amazon suspends use of 21 Air after Miami runway crash kills five
The Amazon‑branded cargo plane overran the runway by about 1,300 feet during landing on Sept. 6.
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U.S. Court Orders Meta to Pay $567 Million Fine
A court in New Mexico has found that Meta's platforms caused psychological harm to children and has imposed a fine. Meta has announced it will appeal.
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Low Rhine Water Levels Slow Down German Industry
The Rhine has reached a historic low due to drought. Inland waterway shipping, a key transportation route for industry, has been severely restricted.
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Meta ordered to pay $567 million for child mental health harms
The $567 million will largely fund treatment services, with the remainder supporting awareness and prevention programs over five years.
mr_t_77 / CC BY-SA 2.0Business·
FAA orders inspections of 470 Boeing 737 Max jets
The Federal Aviation Administration ordered urgent fuselage inspections for 470 Boeing 737 Max jets after reports of structural cracks in older models.
Mike / CC BY 3.0Business·
Lusoponte says tolls on the 25 de Abril Bridge are necessary
Concessionaire argues that maintenance and safety costs require toll payments, rejecting the idea of toll-free travel
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US imposes 15% tariff on polysilicon to counter China
New 15% tariff and price floors aim to reduce reliance on Chinese-dominated polysilicon supply chain for solar panels and semiconductors.
Adovr / CC BY-SA 4.0Business·
U.S. Suspends Avocado Imports from Michoacán
The United States temporarily suspended avocado imports from Michoacán following threats against U.S. inspectors. Mexico deployed 1,500 military personnel to ensure security.
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Disney profit beats forecasts as streaming plans expand
Disney's third-quarter profit exceeded Wall Street estimates, driven by theme parks and box office hits, while the company explores a free streaming tier to attract more viewers.
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Milan closes higher after uncertainties about Hormuz
The FTSE MIB index registered a +0.44% in Milan, while in London it fell by 0.19% and the ECB warned about the impact on energy prices
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UK approves $110B Paramount-Warner Bros merger
UK regulators approve the Paramount-Skydance takeover of Warner Bros. Discovery, but the deal still faces a U.S. antitrust trial in California.
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Ford names new electric truck 'Fathom' at $28,350
Ford announced its first midsize electric truck, 'Fathom,' priced at $28,350 with a planned release in fall 2027.
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ifo boss calls for uniform VAT rate
ifo President Fuest proposes abolishing the reduced VAT rate in order to increase social compatibility. WPP is recovering after a decline in sales. Iran insists on conditions for agreement on the Strait of Hormuz.
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Novo Nordisk loses GLP-1 drug lead to Eli Lilly
Danish pharmaceutical giant Novo Nordisk saw its dominance in GLP-1 weight-loss drugs challenged by U.S. rival Eli Lilly after pioneering breakthrough treatments.