World
European stocks close higher as pharma giants AstraZeneca and GSK notch gains
Stocks listed in Europe closed higher on Monday, as investors monitored the impact of a potential U.S. government shutdown later in the week. The pan-European Stoxx 600 provisionally ended up around 0.34%, with most sectors and major bourses in positive territory. Lufthansa ended the session slightly higher, paring earlier gains, after it said its free […]
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The UK’s finance minister keeps public guessing over tax hikes
British Chancellor of the Exchequer Rachel Reeves speaks to media prior to her speech on day two of the Labour Party conference at ACC Liverpool on September 29, 2025 in Liverpool, England. Ian Forsyth | Getty Images News | Getty Images U.K. Chancellor Rachel Reeves gave little away Monday about where the axe could fall […]
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Lufthansa to cut 4,000 jobs as airline turns to AI to boost efficiency
View taken inside a Lufthansa Airbus A350 airplane on March 19, 2025. Michaela Stache | Afp | Getty Images Lufthansa announced plans to cut 4,000 roles on Monday as it aims to increase profitability and lean on AI to drive efficiency. The airline group said it will eliminate a total of 4,000 FTE (full-time equivalent) […]
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EA going private in $55 billion deal that will pay shareholders $210 a share
An Electronic Arts video game logo is seen at the Electronic Entertainment Expo. Lucy Nicholson | Reuters Electronic Arts said Monday that it has agreed to be acquired by the Public Investment Fund of Saudi Arabia, Silver Lake and Affinity Partners in an all-cash deal worth $55 billion. Shareholders of the company will receive $210 […]
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GSK’s Walmsley to step down early as insider Luke Miels named next CEO
Emma Walmsley, chief executive officer of GlaxoSmithKline PLC, listens during a meeting with the Coronavirus Task Force and pharmaceutical executives in the Cabinet Room of the White House in Washington, D.C., U.S. on Monday, March 2, 2020. Kevin Dietsch | Bloomberg | Getty Images GSK’s CEO Emma Walmsley will step down in December and be […]
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From Elon Musk to Microsoft’s Satya Nadella, these tech leaders were once H-1B visa holders
Evgenia Parajanian | Istock | Getty Images President Donald Trump is looking to restrict and overhaul the H-1 B visa program, which has allowed U.S. companies to hire foreign talent in occupations such as IT, healthcare and engineering for decades. The program has been a topic of debate among lawmakers in Washington for years, with […]
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China’s industrial profits rebounded sharply in August. Here’s what powered that growth
Employees work on photovoltaic cell modules, used in solar panels, at a factory which produces the modules for export to the US and Europe, in Lianyungang, in China’s eastern Jiangsu province on September 26, 2025. Afp | Getty Images China’s industrial profits soared in August as Beijing pressed ahead with efforts to rein in excess […]
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Cleveland Fed’s Hammack warns of ‘challenging time’ amid inflation worries
Federal Reserve Bank of Cleveland President Beth Hammack attends the Federal Reserve Bank of Kansas City’s 2025 Jackson Hole Economic Policy Symposium, “Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy”, in Jackson Hole, Wyoming, U.S., August 21, 2025. Jim Urquhart | Reuters Cleveland Federal Reserve President Beth Hammack on Monday said the U.S. central […]
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France’s sovereign wealth chief has a warning for Europe: We’re being ‘doubly colonized’
Key Points Nicolas Dufourcq, the head of France’s state investment bank Bpifrance, warned that Europe is becoming “doubly colonized” by Chinese industry and U.S. tech. “It’s not in the future; the consequences are now,” he warned an audience at private capital conference IPEM. Bpifrance manages assets worth around 100 billion euros ($117 billion). The head […]
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China’s stock market has been on a roll — is it a boom or a bubble?
Investors talk at a stock exchange hall on February 3, 2017 in Hangzhou, Zhejiang Province of China. VCG | Getty Images China’s stock market has seen a sharp rally this year as progress on artificial-intelligence, steps aimed at gaining chip self-sufficiency and Beijing’s campaign to rein in price wars fuel investor optimism. But as retail […]
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