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Audi to build first US plant in Georgia, Trump announces at campaign rally
The 200,000-vehicle factory near Macon, Georgia, carries an investment of about $4 billion and roughly 4,500 jobs, with construction scheduled for 2027 and output in the early 2030s.
Finance minister Nazare keeps new 2027 taxes open but rules out market-value property tax
Romania's finance minister said on 25 October 2026 that he does not want new taxes but will not rule them out for 2027, and that pension indexation depends on budget data still being entered.
AI stocks sell off as Meta raises spending outlook, Nasdaq drops 2.6%
The Nasdaq fell 2.6% on 22 October, its steepest daily drop since June, after Meta's filings showed higher AI spending and negative free cash flow. Chip stocks led the losses, and Brent crude climbed above $115 a barrel.
Italian truck blockades leave southern shelves bare as damage tops 400 million euros
Blockades that paralysed southern Italy were lifted by 23 October, but supermarkets and fuel stations are still short of stock. Federdistribuzione expects five to seven days before supplies are fully restored.
Loto 6/49 category I fund raised by 500,000 lei for Sunday's draw
Romania's Loteria Română added 500,000 lei to the category I prize fund of the Loto 6/49 draw held on Sunday, 25 October 2026, after a category I win in the 22 October 2026 draw. The same evening's Noroc, Joker, Loto 5/40 and Super Noroc draws also took place.
Owner of Greek bakery chain Choriatiko arrested in probe of alleged millions-of-euro fraud
The Directorate for Combating Organised Crime (DAOE) arrested Angelos Giannakopoulos, owner of the Choriatiko bakery chain, along with the company's accountant and other staff, in an operation under way since early Sunday, 25 October.
Brent nears $117 a barrel as Houthi strikes and Iranian threats lift oil prices
Brent crude came close to $117 a barrel on Friday, 23 October, its highest level since April, as Houthi strikes on Saudi Arabia and Iranian threats against Gulf energy and digital infrastructure fueled supply fears.
Moody's keeps France at Aa3 with negative outlook as bond yields top 5%
Moody's held France's sovereign rating at Aa3 on Friday, 23 October, against many economists' expectations, but kept a negative outlook tied to a 2027 budget that has yet to pass.
Volvo Cars shares fall up to 27% after 2,500 job cuts and China warning
Volvo Cars shares fell by as much as 27% in early trading on 23 October 2026 after the Swedish carmaker reported a third-quarter loss and said it would cut about 2,500 jobs worldwide. The company also warned that its China business is shrinking fast, with sales there down almost 50%.
UK approves Jackdaw gas field as decision on Rosebank oilfield takes more time
Gas from the Jackdaw field, about 240 km east of Aberdeen, could reach UK homes by the end of October. The Rosebank oilfield, west of Shetland, still awaits a separate decision that reports suggest could go against it.
Musk moves toward SpaceX-Tesla merger as Tesla's third-quarter profit falls 43%
Both companies have formed special committees to examine a merger valued at about $3.6 trillion, while Tesla's third-quarter net income fell 43% on 21 October 2026.
VW and IG Metall set talks for 24 November, but clash over job transfer companies
Volkswagen plans 12,000 more job cuts by 2030 and wants publicly subsidised transfer companies in talks with IG Metall, which calls the proposal a breach of promise. Strikes become possible once the peace obligation ends on 31 December.
Carrefour cuts 2026 outlook and shares fall as French unrest hits its stores
Carrefour lowered its 2026 operating outlook and plans to invest less in France after looting during weekend protests hit its stores. Its shares fell as much as 14.63% in Paris trading.
First Russian diesel tanker under Trump-Putin deal heads for New York, due 7 November
The Maltese-flagged tanker Agioi Fanendes loaded Russian diesel at Primorsk on 22 October. The Kremlin says more deliveries will follow, while the cargo's size is reported differently by different sources.
Barclays to cut about 5,000 jobs by year-end as AI lowers costs despite profit rise
The London bank says about 5% of its roughly 93,000 staff will go, with 1,000 already cut and 4,000 more due by year-end. Support functions carry most of the reductions, even as third-quarter pre-tax profit rose 12%.
Berlin investor summit draws pledges of 200 to 230 billion euros, with doubts about follow-through
Chancellor Friedrich Merz opened Germany's first Invest in Germany summit in Berlin on 20 October, with about 200 invited investors and executives. Pledges reported between 200 and 230 billion euros drew doubts over bureaucracy, logistics and whether concrete projects will follow.
Netflix forecasts weaker Q4 profit and cuts 2026 ad revenue target to $2.7bn
Netflix expects lower fourth-quarter profit than Wall Street forecast and has cut its 2026 advertising revenue target to about $2.7bn. Shares fell nearly 6% after hours on Tuesday, 20 October, after the company reported third-quarter results.
Eurozone growth slows to four-month low as France's private sector contracts
The flash composite PMI for the eurozone fell to 51.9 in October from 53.1, while France's index dropped below 50 to 48.4. The UK posted its fastest private-sector growth since February, with new work rising at the sharpest pace in two years.
Macron secures extended Saudi diesel supply for France during surprise Riyadh visit
Saudi Arabia has agreed to keep supplying extra diesel to France 'for as many months as necessary', the Élysée said after an unannounced stop in Riyadh by Emmanuel Macron on Wednesday, 21 October.
Youth protests spread across Europe as cost of living and school cuts fuel unrest
Protests over living costs, housing and school budgets have spread from France to Italy, Spain, Belgium, Albania and Portugal, with riots and mass arrests in several cities.
CEOE drops plan to challenge 11 November general strike over housing before it happens
Spain's employers' confederation will not challenge the 11 November general strike before it takes place, though it has left legal action open for afterwards. UGT and CCOO called the walkout over housing and a recovery of wages.
Elon Musk pledges one SpaceX share to every American child in 2027
Elon Musk said on X that he will give one SpaceX share to every child in the United States next year, a gift worth about $10.5 billion at the latest share price. He has not published eligibility rules or a timetable for the distribution.
Tax estimate adds 4.1 billion euros for federal 2027, but Klingbeil sees no new room
Germany's autumn tax forecast raises federal revenue for 2027 by 4.1 billion euros. Finance Minister Lars Klingbeil says the extra money does not free up room for new relief, and coalition talks on the electricity tax cut remain open.
American Express to cut about 5% of its workforce despite a 28% profit rise
American Express is cutting about 5% of its global staff as it pushes for efficiency and faster AI integration, even as third-quarter net profit rose 28%.
Anthropic's draft IPO filing shows $80.7bn first-half loss, mostly from a $72bn accounting charge
Revenue reached $16.3bn in the first half of 2026, but a non-cash charge on convertible bonds drove the net loss. The company is preparing a November listing.
Germany releases more oil reserves and plans to secure its eleven refineries
Berlin is releasing another part of its emergency oil stocks, while Economy Minister Katherina Reiche opened a dialogue on keeping the country's eleven refineries running.
Heineken warns UK pubs that weight-loss jabs could hit beer and cider sales
In an October presentation to British hospitality customers, Heineken said GLP-1 weight-loss drugs can reduce drinking and urged venues to push smaller serves and low-alcohol drinks.
Peter Lim sells 42% of Valencia CF to US-led Pitchwise Holdings, valuing club at €1.25bn
Pitchwise will also add €100 million of new capital, subject to regulatory approvals, while Kiat Lim remains club president under the new shareholder structure.
Apple caps iPhone Duo orders at two per buyer as US supplier deals expand
Apple has limited each buyer to two iPhone Duo units in several markets, and on the same day named two US suppliers for the foldable and the iPhone 18 Pro. Shipping estimates for pre-orders have also moved in both directions.
China's Q3 GDP grows 4.5% as exports surge and retail sales beat forecasts
China's economy expanded 4.5% year on year in the third quarter, slightly above expectations. Export growth accelerated to 36.3% in September while domestic demand stayed weak, with retail sales up only 1.1%.