Australia Economic Growth Misses Forecasts, RBA Bets Whipsaw
Runners jog along the boardwalk past the Sydney Harbor Bridge. (Bloomberg) — Australia’s economy grew at a surprisingly…
Space Race With China Drives Antenna-Building Boom in Arctic
The Canadian government’s Inuvik Satellite Station Facility in the Northwest Territories. (Bloomberg) — Satellite operators are looking north. Way north.…
Consumers Feel Pinch at Pump as Russia Drives Oil Refining Boom
The Valero Houston refinery. Valero Energy Corp. and Turkiye Petrol Rafinerileri AS have seen stellar rises, while Orlen…
Bessent Deflects Inflation Concerns, Sees Better Times in 2026
US Treasury Secretary Scott Bessent (Bloomberg) — US Treasury Secretary Scott Bessent deflected concerns about high costs under…
Switzerland Moves Close to Securing Improved 15% Tariff Deal
Switzerland’s parliament building in Bern. Photographer: Francesca Volpi/Bloomberg (Bloomberg) — Switzerland is close to securing a 15% tariff…
China’s Deflationary Spiral Hurts Economy Harder Than Official Numbers Suggest
Bloomberg analysis shows deflation on the ground feels more pronounced than official data show, with prices of everyday…
Chinese Exports Unexpectedly Slump for First Time Since February
(Bloomberg) — China’s exports unexpectedly contracted in October as global demand failed to offset the deepening slump in…
New Apple TV and HomePod Mini Likely Launching Soon
A new Apple TV and HomePod mini could launch as soon as this month, Bloomberg’s Mark Gurman today…
BOE Set to Hold Rates as UK Budget Looms Over Decision
(Bloomberg) — The Bank of England is expected to skip an interest-rate cut on Thursday, further slowing the…
OPEC+ to Pause Output Hikes Next Year as Market Set for Glut
(Bloomberg) — OPEC+ will pause output increases during the first quarter — after making another modest hike next…
Ex-RBA Chief Lowe Urges Policy Pause to Assess High Labor Costs
Philip Lowe in 2023. (Bloomberg) — Former Australian central bank Governor Philip Lowe said a clouded outlook for…
AI Frenzy Is Spreading Over to Caterpillar and Oil Frackers
(Bloomberg) — Caterpillar Inc., the company synonymous with yellow bulldozers and mining trucks, is getting a boost from…