Democratic candidate for New York City mayor, Zohran Mamdani in Manhattan's Lower East Side. REUTERS/Brendan McDermid/File Photo |
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- US manufacturing contracted for an eighth straight month in October as new orders remained subdued, and suppliers were taking longer to deliver materials to factories against the backdrop of tariffs on imported goods.
- Chinese online fashion platform Shein is ramping up its fight in France, gambling that its first permanent shop will help fend off fierce pushback from lawmakers against its low-cost model. Helen Reid tells the Reuters World News podcast that one issue French politicians are united over is tightening controls on Shein.
- Starbucks said it would sell control of its operations in China to Boyu Capital in a deal that values the business at $4 billion - one of the largest divestments of a China unit by a global consumer company in recent years.
- Norway's sovereign wealth fund, the world's largest, said it would vote against ratifying Tesla CEO Elon Musk's proposed compensation package, containing shares worth up to $1 trillion, at an annual general meeting this week.
- The global stock surge lost steam as US bank chiefs sounded the alarm over overheated valuations. Meanwhile, the dollar stayed near its highest level since August, as the Fed's latest comments left traders guessing on the rate path ahead. Watch our daily rundown for more.
- Bankrupt First Brands sued its former chief executive and founder Patrick James, accusing him of orchestrating frauds that left the auto parts maker insolvent. James enriched himself and his family by "misappropriating hundreds of millions (if not billions) of dollars from First Brands," the company said in a lawsuit.
- British finance minister Rachel Reeves paved the way for broad tax rises to avoid a return to "austerity", framing her second annual budget as one of "hard choices" to protect public spending while reducing Britain's debt.
- The White House is negotiating with trading partners while US-China commerce seizes up. In this episode of The Big View podcast, Professor Simon Evenett of IMD Business School explains how the tense discussions might play out, and where they will leave the global trade system.
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From pickaxes to AI, COP30 host state holds past and future of Amazon mining |
Garimpeiro Domingos Jose de Souza sits outside his bar in Serra Pelada in the Amazonian state of Para, in Brazil, October 11, 2025. REUTERS/Jorge Silva |
Set to host the COP30 United Nations climate talks , the Amazonian state of Para has seen a widening divide between mining by major firms and by artisanal miners, hunting for gold, often illegally. |
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Doja Cat. REUTERS/Mario Anzuoni |
Our gallery of the arrivals carpet at the Los Angeles County Museum of Art annual gala. |
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