The FAA will delay certification of Boeing’s long-delayed 737 Max 10 because of a new software issue. The setback comes as the US planemaker was in the final stages of securing approval to start deliveries to airlines.
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Bloomberg NewsOriginal★★☆☆☆2026-09-29 04:00
Shein Global Holdings shares fell nearly 14% in Hong Kong to a record low after the online fashion retailer reported a 67% drop in second-quarter profit in its first results since listing. Profit fell to US$228 million while revenue rose 1% to US$11 billion, and the company warned tariff pressures and volatile logistics costs would continue through year-end.
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South China Morning PostOriginal★★☆☆☆2026-09-29 03:53
Shein shares plunged after the fast-fashion retailer reported disappointing profits in its first results since going public. Rising freight costs and fallout from the Iran war squeezed the company.
Shares of fast-fashion retailer Shein fell more than 6% on Tuesday after the company reported a 67% decline in quarterly profit, raising investor concerns about margin pressure and slowing growth.
Guangzhou’s trade with ASEAN reached about 150 billion yuan, or $21.3 billion, in the first eight months, up 6.6% year on year, the city’s commerce bureau said. ASEAN remains Guangzhou’s largest trade partner, while exports of cosmetics, appliances and automobiles posted strong gains. Companies are also deepening production, technical and service ties across Southeast Asia.
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China News ServiceOriginal★★★☆☆2026-09-29 03:08
US President Donald Trump said Minnesota-based Mesabi Metallics plans to build a $15 billion steel mill in Iowa. He is promoting the project as a major manufacturing investment ahead of November’s elections, while his administration faces pressure to show that broad tariffs can revive industry without worsening inflation.
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CGTNOriginal★★★☆☆2026-09-29 01:28
President Donald Trump has announced that Minnesota-based steelmaker Mesabi Metallics plans to build a $15bn mill in Iowa. Production is expected to start in 2030, with an initial annual capacity of 7.5 million tonnes and more than 1,700 potential regional jobs; the first construction phase could create 5,000–6,000 jobs. The announcement comes as the White House promotes domestic manufacturing ahead of tight Iowa midterm races.
Donald Trump is set to announce a planned $15 billion steel plant with Mesabi Metallics that would be the largest in U.S. history. The announcement comes as Americans’ worsening views of the economy are expected to influence the upcoming midterm elections.
President Donald Trump is set to announce plans Monday for a $15 billion steel mill in Iowa.
Live coverage follows President Trump’s announcement about plans to construct a steel plant in Iowa.
A White House official says Trump will announce a $15 billion steel plant to be built by Mesabi Metallics in Iowa. It would be the first mega-steel plant constructed in the United States since the 1960s.
A diesel export ban being considered by President Donald Trump to tackle high prices could backfire and push up gasoline costs, according to the chief executive of French oil major TotalEnergies SE.
BBloomberg NewsOriginal★★★☆☆2026-09-29 01:00
American households are becoming more selective about their spending, creating winners and losers across the consumer industry. Bowling alleys and arcades are among the leisure businesses facing pressure.
BBloomberg NewsOriginal★★☆☆☆2026-09-29 00:30
Goldman Sachs plans to let individual shareholders choose whether the board determines how their votes are cast. The move follows a year in which the company’s executive-compensation proposal came closer than ever to rejection.
BBloomberg NewsOriginal★★☆☆☆2026-09-29 00:00
Russian President Vladimir Putin signed a decree on Sept. 28 placing Metro AG’s Russian subsidiary under Kremlin control. The division was transferred to the “temporary management” of a company formed on Sept. 8 and wholly owned by Metro Russia CEO Johannes Tolay. Metro said it formally retains ownership but no longer has operational control.
TThe Kyiv IndependentOriginal★★★★☆2026-09-28 22:56
German retailer Metro AG said it is analyzing the effects of transferring its Russia-based assets to temporary management by Torg Rus. A decree signed by President Vladimir Putin placed the full stake in Metro Warehouse Noginsk and Retail Property 5 under temporary management.
Russian President Vladimir Putin ordered German retailer Metro’s Russian assets into temporary management by JSC UK Torg Rus, registered on September 8. Its sole owner is Johannes Tolay, who has led Metro Cash & Carry since 2023. Putin separately authorized the sale of Western Union’s Russian subsidiary.
The Russian assets of German retailer Metro have been placed under the temporary management of Torg Rus under a decree signed by President Vladimir Putin. Metro said its Russian operations continue as usual, with no changes to operating processes or obligations to suppliers, customers and employees.
AAR, an aviation aftermarket services provider, said on Monday it would acquire a 65% controlling interest in aircraft maintenance company MRO Holdings for about $1.8 billion.
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ReutersOriginal★★☆☆☆2026-09-28 22:45
Bloomberg News examined nearly 3 million auto loans originated by four leading subprime lenders and placed into publicly securitized ABS deals from 2021 to 2023. As the loans aged, differing approaches emerged in how the lenders handled customers in financial distress.
BBloomberg NewsOriginal★★☆☆☆2026-09-28 22:24
JPMorgan Chase’s trading desk shifted its view on US equities from tactically neutral to bullish, saying economic data and earnings will support a sustained market boom.
BBloomberg NewsOriginal★★☆☆☆2026-09-28 22:00
Michael Saylor-led Strategy bought Bitcoin for two consecutive weeks for the first time since June. The company said it purchased 1,665 BTC for $142.7 million in the week through Sept. 27, lifting holdings to a record 847,666 BTC. It also repurchased about 1.53 million STRC preferred shares.
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CryptoSlateOriginal★★☆☆☆2026-09-28 21:40
UnitedHealth executive Robert Hunter said in a LinkedIn post on Monday that he will become president of UnitedHealthcare, the company’s insurance division.
RReutersOriginal★★★☆☆2026-09-28 20:45
Bridgepoint and Astorg are considering selling Fenergo as dealmaking in the sector accelerates, according to three people familiar with the matter. One of them said the Irish fintech could be valued at more than £2 billion ($2.7 billion).
RReutersOriginal★★☆☆☆2026-09-28 19:35
Prime Big Deal Days returns October 6-7, with early discounts already available. Editor-approved deals include products from iRobot, Ninja, Casper, Lego and other brands.
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NBC NewsOriginal★☆☆☆☆2026-09-28 19:22
The US Transportation Department said General Motors will save $20.4 billion in technology costs through 2031 after sharply lower vehicle fuel-economy rules were finalized on Monday.
RReutersOriginal★★★☆☆2026-09-28 18:40
Rosatom CEO Alexey Likhachev said the Russian state nuclear corporation’s revenues in the open part of the sector grew fourfold over the past decade to more than 3 trillion rubles, excluding the state defense order. Revenue from new products increased tenfold, while the company’s indicators for the first nine months exceeded those of the same period in 2025.
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TASSOriginal★★☆☆☆2026-09-28 18:37
Steelmaker Stelco Holdings says it will idle some production at its Hamilton plant in response to U.S. tariffs, a move expected to cost hundreds of workers their jobs.
CCBC NewsOriginal★★★☆☆2026-09-28 18:12
Nvidia’s board has approved an additional $150 billion for share buybacks as the chipmaker seeks to deploy more of its strong revenue growth driven by demand for high-end artificial intelligence chips.
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The Associated PressOriginal★★★☆☆2026-09-28 18:00
Nvidia plans to repurchase a record $150bn of its shares as gains in the chipmaker’s stock have slowed this year.
A BIS working paper found that USDT issuance on Ethereum increased through 2024 without a sustained rise in balances held by smart-contract accounts. Their share exceeded 20% during parts of 2021 and 2022, then fell to roughly 10%–15% by late 2024. The shift in proportion alone does not prove that funds left DeFi.
CCryptoSlateOriginal★★☆☆☆2026-09-28 17:30
Coinbase is broadening its partnership with Citi to give businesses infrastructure that links conventional fiat payments with stablecoins.
TThe BlockOriginal★★☆☆☆2026-09-28 17:22
Czech defense company STV Group’s 2025 net profit rose nearly 40% to 7.5 billion korunas, about $350 million, Aktualne reported, citing the company’s annual report. Revenue more than doubled to 24.4 billion korunas. The artillery-shell maker is expanding production.
TTASSOriginal★★☆☆☆2026-09-28 17:10
Tourism expert Andrey Ignatyev says annual arrivals from South Korea to Russia could reach 300,000 within three to four years if direct flights resume. Without them, the figure may be about 40,000. Around 19,000 South Korean tourists visited Russia in 2025, mainly spending three to four days in Vladivostok.
TTASSOriginal★★☆☆☆2026-09-28 17:03
Monday marks the final day of Pope Leo’s visit to France. The trip has brought both strong emotion among French Catholics and a surge in economic activity, with early figures indicating that hotels, restaurants and tourism businesses near the cities he visited have benefited significantly.
FFrance 24Original★★☆☆☆2026-09-28 16:48
Russia’s new Bank of Russia admission rules take effect on October 5, allowing crypto exchanges and digital depositories to apply for official registry entry. Each application still requires a separate decision, and the procedure does not itself authorize operations or finalize which assets non-qualified investors may trade.
CCryptoSlateOriginal★★★☆☆2026-09-28 16:30
Under a plan announced Monday, Tata Trusts would fold two Tata Group businesses into Tata Sons. The family charity is seeking to keep the conglomerate from a share listing mandated by the Reserve Bank of India.
RReutersOriginal★★☆☆☆2026-09-28 16:05
Hungary’s OTP Bank is considering leaving Russia entirely, Bloomberg reports, but says selling its business there is currently almost impossible. Regulators are examining OTP’s Russian presence as they review its planned acquisition of Baltic lender Luminor. OTP says its Russian profit has risen more than fivefold since 2021 to $635 million.
MMeduzaOriginal★★★☆☆2026-09-28 16:05
German chemicals maker Evonik has rejected a 10.3 billion euro ($11.7 billion) takeover offer from larger rival BASF, sources familiar with the negotiations told Reuters, saying the bid was too low.
RReutersOriginal★★☆☆☆2026-09-28 15:25
Suzhou Inovance Automotive says specialized workers in Europe are both expensive and scarce, making it costly to reproduce China’s electric-vehicle supply chain there.
BBloomberg NewsOriginal★★☆☆☆2026-09-28 14:30
Volkswagen Group and its Chinese partner Gotion High-tech plan to invest a combined €3.22 billion in three battery production lines in Europe and North Africa as EV demand grows. The jointly owned factories would provide 37.5 gigawatt hours of lithium-ion battery capacity and 100,000 metric tons of cathode capacity.
SSouth China Morning PostOriginal★★★☆☆2026-09-28 14:28
China’s Gotion will invest 1.1 billion euros ($1.25 billion) in Volkswagen’s battery plant in Valencia, Spain, becoming a major investor in the site as part of a wider plan to jointly develop a European battery supply chain.
RReutersOriginal★★★★☆2026-09-28 14:15
Irkutsk Aviation Plant Director Andrey Soinov said the facility currently has capacity for 36 MC-21 aircraft a year, although production bottlenecks remain. An investment program to add machinery and equipment will be carried out from 2027 to 2029, while output is not expected to exceed 36 aircraft annually in the near term.
TTASSOriginal★★☆☆☆2026-09-28 14:15
Fast-fashion platform Shein returned to profit in the second quarter, generating $11.08 billion in sales. As it released its first results as a public company on Monday, it cautioned that the second half remains uncertain.
RReutersOriginal★★★☆☆2026-09-28 14:10
President Donald Trump will announce on Monday that a Minnesota company plans to build a $15 billion steel mill in Iowa. The administration is highlighting the major investment as it promotes domestic manufacturing ahead of the November midterm elections.
RReutersOriginal★★★☆☆2026-09-28 14:05
Residential heat pump sales in 12 European countries rose to 1.16 million in the first half of the year, from 1.05 million a year earlier. The European Heat Pump Association attributed the increase to soaring oil and gas prices linked to the Iran war and lower electricity taxes in some countries. The EU is urging governments to ensure electricity is taxed no more heavily than gas.
TThe GuardianOriginal★★☆☆☆2026-09-28 13:53
Russia exported almost $2.9 billion in radio-electronic products in January-June 2026, exceeding half of its full-year 2025 exports, Industry and Trade Minister Anton Alikhanov said. The sector produced goods worth 2.3 trillion rubles in the first seven months, with output continuing to rise.
TTASSOriginal★★★☆☆2026-09-28 13:26
Irkutsk Aviation Plant chief Andrey Soinov says friendly countries are holding discussions, meetings and presentations on the MC-21’s capabilities. The plant’s capacity is committed through 2032, so foreign-market agreements would involve deliveries after that year.
TTASSOriginal★★☆☆☆2026-09-28 13:17
India’s industrial output grew 8% in August, faster than expected, government data showed on Monday. The increase was driven by strong gains in manufacturing and electricity output, while mining contracted.
RReutersOriginal★★★☆☆2026-09-28 12:40
The global electronics industry is undergoing a structural shift. China’s decades-long dominance as a manufacturing hub, built on dense supplier networks, skilled workers, infrastructure, logistics and engineering expertise, is weakening. But that does not mean Chinese manufacturing is declining: China is exporting parts of the process while retaining capabilities that remain industrially critical.
SSouth China Morning PostOriginal★★★☆☆2026-09-28 12:30
India’s central bank has recorded a net bond sale of 1 trillion rupees during the current financial year, its largest annual net sale in over a decade, according to treasury officials. Market participants expect the figure to double by December.
RReutersOriginal★★★☆☆2026-09-28 12:25
Travelers may remain stuck with expensive airfares even if oil and jet fuel prices decline. Major U.S. airlines and analysts say volatile fuel costs make forward planning difficult.
TThe Associated PressOriginal★★☆☆☆2026-09-28 12:00
Lebanon hopes to reach a new staff-level agreement with the International Monetary Fund, Finance Minister Yassine Jaber said. A full IMF programme would still require Beirut to pass a final law addressing losses from the country’s financial crisis, he added.
RReutersOriginal★★★☆☆2026-09-28 11:05
Hong Kong has appointed former Hong Kong Exchanges and Clearing executive Bryan Chan Ping-keung as CEO of Hong Kong Precious Metals Central Clearing. The wholly government-owned company will develop and operate the city’s new central clearing and settlement system for gold. Chan’s three-year term begins October 2.
SSouth China Morning PostOriginal★★☆☆☆2026-09-28 10:40
Saudi Arabia exported about 5.4 million barrels of oil per day in September, nearly twice August’s 2.4 million, Reuters reported citing Kpler data. Crude exports from key Middle East producers rebounded to 12.8 million barrels per day, the highest since the US-Israeli military operation against Iran began in late February, as shipments through the Strait of Hormuz recovered.
TTASSOriginal★★★★☆2026-09-28 10:35
Oil prices jumped after US President Donald Trump rejected Iran’s proposal to reopen the Strait of Hormuz within seven days. Brent crude rose more than 3 percent to above $107 a barrel. Tehran had offered to reopen the waterway and resume nuclear talks in exchange for frozen funds, sanctions relief and an end to the naval blockade of its ports.
Oil prices rise amid tensions involving Iran, while the United States and China reduce their tariff lists. The report also covers the day’s top global business stories.
Eight US Marines were reportedly injured after an Iranian missile struck a vessel in the Strait of Hormuz.
Treasury selling resumed Monday as oil prices rallied after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, heightening inflation concerns.
Oil prices rebounded above $105 after Donald Trump rejected Iran’s proposal for peace over the Strait of Hormuz.
Iran proposed reaching an agreement within seven days to reopen the Strait of Hormuz to commercial shipping, but Trump called the plan unacceptable and rejected it. Foreign Minister Abbas Araghchi said only a negotiated solution could end the US-Iran conflict and that Tehran was awaiting a clear US response.
Abbas Araghchi warns that Tehran is fully prepared for war after Washington rejected a seven-day roadmap aimed at ending the conflict and reopening the Strait of Hormuz.
Oil prices rose more than 1% on Monday after U.S. President Donald Trump turned down an Iranian peace proposal intended to end the conflict and reopen the Strait of Hormuz.
US President Donald Trump said the United States would win its war against Iran and that global oil prices would plunge once Iran surrendered and the conflict ended. He said the US had already defeated Iran militarily, while stressing that operations had not stopped.
Oil prices rose more than 1% on Monday after US President Donald Trump rejected an Iranian peace proposal intended to resolve the conflict and reopen the Strait of Hormuz.
Iran is refusing to soften its demands while Trump rejects a plan involving the Strait of Hormuz.
US President Donald Trump reportedly threatened to resume strikes on Iran after Tehran proposed reopening the Strait of Hormuz. Iran says it is awaiting Washington’s “definitive response” through mediators, while Trump argues that Iran is losing badly and needs a deal. The rejection may be intended to pressure Tehran into making further concessions.
China’s refined copper production is expected to post its weakest growth in decades this year, analysts said, as smelters face difficulties securing feedstock and lower sulphuric acid prices erode the profitability of processing.
RReutersOriginal★★★☆☆2026-09-28 10:30
Shareholders of Armada Acquisition Corp. II, the SPAC pursuing a merger with XRP treasury company Evernorth Holdings, can seek redemptions by 5 p.m. Eastern on Sept. 28, ahead of a Sept. 30 merger vote. More redemptions would leave less cash potentially available for future XRP purchases, although the outcome also depends on closing and management’s use of funds.
CCryptoSlateOriginal★★☆☆☆2026-09-28 10:30
Rosatom CEO Alexey Likhachev said the state corporation continues to fully meet its state defense order while expanding its foreign order portfolio despite unprecedented external pressure. It also plans to move a record 40 million tons of cargo along the Northern Sea Route and launch the nuclear-powered icebreaker Leningrad this year.
TTASSOriginal★★★☆☆2026-09-28 09:12
Western automakers are looking to the defence-spending boom to sell more vehicles and put underused factories to work. Executives caution that military contracts will not offset slowing car sales and intensifying competition from China.
RReutersOriginal★★☆☆☆2026-09-28 07:10
Crop futures slipped after the US and China outlined plans to reduce tariffs on a range of agricultural products. Traders are waiting for firm evidence of Chinese purchases following last week’s summit between Donald Trump and Xi Jinping.
BBloomberg NewsOriginal★★☆☆☆2026-09-28 07:00
The United States and China have released lists of goods eligible for proposed tariff reductions covering $60bn in trade, with $30bn in imports from each side. The lists include 77 Chinese products and more than 1,600 US products, though an analyst said they were unlikely to significantly alter overall trade flows.
The United States and China agreed to reciprocal tariff cuts covering $30 billion of goods after the Trump-Xi summit.
The US and China published lists covering $30 billion worth of goods whose tariffs they plan to cut, but gave no details on the size of the reductions.
The US released details of a plan reached with China to reduce tariffs on roughly $30 billion of imports from each country after a summit between President Donald Trump and Chinese leader Xi Jinping.
Indian men now head roughly a dozen major companies, highlighting their growing presence at the highest levels of corporate America.
BBloomberg NewsOriginal★★☆☆☆2026-09-28 04:30
Nissan will introduce the Rogue e-Power hybrid in the United States in November, Americas Chairman Christian Meunier said. The company aims for hybrids to quickly represent 30% to 40% of C-segment midsized-car sales in the market.
RReutersOriginal★★☆☆☆2026-09-28 04:10
Investor protections benefit the market as a whole and must be defended.
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Financial TimesOriginal★★☆☆☆2026-09-28 04:00
Chinese automotive brands reached a record 12% of Europe’s new-car market in August, while their share in Germany rose to 6.4%, Dataforce says. High oil prices, the EU’s 2035 combustion-vehicle ban and purchase subsidies are accelerating the shift to electric models. Chinese automakers benefit from competitive prices and technology but need stronger brands, after-sales service and local distribution for lasting growth.
CChina News ServiceOriginal★★☆☆☆2026-09-28 03:09
Northern Star has rejected a $27bn takeover approach from South Africa’s Gold Fields, calling it “opportunistic” and saying it undervalues the Perth-based group.
FFinancial TimesOriginal★★☆☆☆2026-09-28 02:42
Shares in Australian gold miner Northern Star rose more than 9% after the company rejected a $27 billion takeover proposal from Gold Fields.
The dollar edged higher on Monday, staying close to a two-month peak. The continuing US-Iran standoff has driven oil prices up, while investors await a week of economic data for indications about inflation and central-bank policy moves.
RReutersOriginal★★★★☆2026-09-28 02:40
China’s industrial profit growth slowed further in August. Strength in technology manufacturing, supported by the artificial-intelligence boom, was outweighed by persistently weak domestic demand.
RReutersOriginal★★★☆☆2026-09-28 02:00
China’s industrial profits grew 4.2% in August, the weakest pace this year. Economists expect Beijing to rely more heavily on stimulus to stabilize corporate profitability as consolidation accelerates in sectors facing weak demand and intense competition.
Walmart says it will not use customers’ personal information to determine prices as it rolls out digital price labels in its stores, seeking to ease concerns about the new technology.
TThe Associated PressOriginal★★☆☆☆2026-09-28 02:00
Electric vehicles make up more than 95% of new car registrations in Norway, the highest proportion worldwide. Roughly one in four newly registered EVs there comes from a brand that is wholly or partly Chinese-owned.
EeuronewsOriginal★★☆☆☆2026-09-27 14:14
Interviews with industry participants and legislative aides depict a bill-writing process that went badly off course. Sources say nearly every part of the bill’s development, along with the debate surrounding it, contributed to this month’s failed vote.
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CoinDeskOriginal★★★☆☆2026-09-27 12:00
Sydney Sweeney’s partnership and equity stake in sports-focused exchange Novig signals that prediction markets are reaching beyond online probability enthusiasts through celebrity, sports-league and media deals. The article says contracts can put a price on opinions, but being right does not ensure a profitable trade at the available price. The industry’s forecasting promise also sits uneasily alongside entertainment-driven marketing.
CCryptoSlateOriginal★★☆☆☆2026-09-27 11:00
Market Questions examines whether upcoming US jobs data could add to the pressure facing Federal Reserve policymakers.
FFinancial TimesOriginal★★☆☆☆2026-09-27 11:00
The buildout of AI infrastructure continues unabated, but the jump in Treasury yields means it will cost more, increasing the risks for AI companies that rely heavily on debt.
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CNBCOriginal★★☆☆☆2026-09-27 11:00
Nearly $11 billion (€9.7 billion) in contracts have emerged from the Azerbaijan International Investment Forum. Some of the world’s biggest investment managers gathered to discuss infrastructure, technology, energy and transport.
EeuronewsOriginal★★★☆☆2026-09-27 08:38
Consumers are continuing to spend on hobbies such as arts and crafts and outdoor sports even as those activities become more expensive, while higher airfares make travel costlier.
CCNBCOriginal★★☆☆☆2026-09-27 05:00
The character of the AI boom and the scale of its valuations are making the gap between ambition and income increasingly striking. Big aspirations paired with very small revenue are becoming the new norm for AI initial public offerings.
FFinancial TimesOriginal★★☆☆☆2026-09-27 04:00
Minivan sales are increasing in the US as drivers look for ways to cut fuel costs. Hybrid minivans use less fuel than SUVs while still providing ample room.
BBloomberg NewsOriginal★★☆☆☆2026-09-26 18:00
With the US alcohol industry facing a gloomy environment, Aperol’s parent company hopes a brightly colored aperitif imported from Italy will attract drinkers.
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CNNOriginal★★☆☆☆2026-09-26 14:30
Concerns about affordability are helping drive a resurgence in minivans, long regarded as the least cool category of vehicle.
BBloomberg NewsOriginal★★☆☆☆2026-09-26 14:00
Analysts told CoinDesk that the five-year agreement could expand USDC’s reach in emerging markets, although Tether’s liquidity advantage remains difficult to overcome.
CCoinDeskOriginal★★☆☆☆2026-09-26 13:00
A new study found that online lenders were more likely than brick-and-mortar counterparts to approve mortgages in areas at high risk of wildfires, while also offering better interest rates.
BBloomberg NewsOriginal★★☆☆☆2026-09-26 10:30
Brazilian digital bank Nubank is in early discussions with British digital bank Monzo over a possible combination that could value Monzo at between £8 billion and £10 billion, Sky News reported on Saturday.
RReutersOriginal★★☆☆☆2026-09-26 10:25
UK fintech Monzo is discussing a possible sale with Brazil’s Nubank and is also in talks with private equity firms about selling a significant stake in the business.
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