October 09, 2026

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GLOBAL CORPORATE

China to Resume October Fuel Exports After a Brief Halt, Four Trade Sources Say

China ?is set to ?resume October ?refined fuel exports ?after ?a ?brief halt during its ?Golden Week holiday, ?four trade sources ?said on ?Friday. China ?has approved October ?exports of diesel, ?gasoline ?and jet fuel ?combined at around 3.7 million metric ?tons, according to two separate industry source...

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China's Tax Crackdown Piles Pressure on Luxury Brands as US Spending Falters

China's tax crackdown on wealthy ?individuals ?has become the latest headache for luxury brands, ?already grappling with the fallout from the Iran war and signs of slowing consumer spending in the United ?States. The combination of challenges is likely to weigh on third-quarter results due from next week, ...

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OpenAI's Annualized Revenue $20 Billion Less Than Previously Signaled, FT Reports

OpenAI's annualized revenue ?is ?about $20 billion less than ?has been previously signaled, the Financial Times ?reported on Thursday, citing financial documents shared with investors. OpenAI did ?not immediately respond to ?a Reuters request for comment. Reuters could not ?independently verify ?the report...

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European Industry Groups Call for Urgent EU Action on China Trade

Forty-four European ?industry ?associations urged EU ?members on Thursday to take immediate action ?to combat what they said were unfair Chinese trade ?practices threatening EU manufacturing ?and risking further job losses. The call from ?the ?associations representing sectors including metals, chemicals a...

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RTX's Raytheon wins up to $6.3 billion US missile contract

RTX's Raytheon said on Thursday it won a multi-year US military contract worth up to $6.3 billion to produce and sustain Standard Missile-3 Block IB interceptors, as the Pentagon seeks to rebuild missile-defence inventories and boost munitions production. The award comes as the Pentagon looks to replenish ...

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India backs US-led drive against ‘excess capacity’

India has joined a US-led initiative to tackle “structural excess capacity” in manufacturing, a move that could draw scrutiny given its own rapid expansion in sectors such as solar modules, steel and petrochemicals, some of which are already under the Trump administration’s trade lens. The initiative seeks...

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GLOBAL ECONOMY

World Bank: AI Offers Historic Opportunity For Developing Countries

Artificial intelligence (AI) presents a "historic opportunity" for low- and middle-income countries to overcome long-standing development challenges, but the countries with the most to gain are the least prepared, according to a W...

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Singapore Poised to Tighten Monetary Policy Amid Strong Growth and Rising Inflation Risks

Singapore ?is ?expected to tighten monetary policy at ?a scheduled review on Wednesday as robust growth and inflation risks bolster the ?case for another move. All 10 analysts polled by Reuters expect the Monetary Authority of...

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Fuel, fertiliser costs strain American farmers' support for Republicans in midterms

As soybean farmer David Schacht begins his fall harvest, surging diesel and fertiliser costs are fast outpacing his earnings. He maintains this has not changed his support for President Donald Trump's Republican Party. Still, h...

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WTO sharply raises 2026 global trade forecast to 3.9%

The West Asia conflict has disrupted energy supplies and shipping routes but has so far failed to derail global merchandise trade, prompting the World Trade Organization (WTO) to sharply raise its forecast for 2026 trade growth to...

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