China ousts defense minister after two-month absence
His dismissal was announced through an order of China’s legislative body, the National People’s Congress.
Alphabet shares drop as cloud miss overshadows better-than-expected overall results
Alphabet reported earnings after the bell. Here are the results.
Chinese augmented reality firm Xreal launches next-gen glasses in challenge to Meta and Apple
Xreal is looking to compete compete against the Apple Vision Pro that will launch next year, alongside new hardware from Facebook-parent Meta.
Ukraine’s EU membership bid to be assessed in report due on Nov. 8
The European Union’s executive is set to present on Nov.8 an assessment of progress made by Ukraine in its membership bid, three officials said.
UniCredit beats third-quarter profit estimates, keeps 2023 outlook
Italy’s UniCredit on Tuesday beat third-quarter profit forecasts as higher rates boosted income, but kept its full-year profit goal.
World’s largest sovereign wealth fund loses $34 billion as all asset classes fall in third quarter
Norway’s $1.4 trillion sovereign wealth fund on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value.
Global demand for oil, coal and gas set to peak by 2030, energy agency IEA says
“The transition to clean energy is happening worldwide and it’s unstoppable … and the sooner the better for all of us,” said the IEA’s executive director.
China urges Israel to abide by international law and protect civilians in Gaza
China also called for the convening of “a more authoritative, wide-ranging and effective” international peace summit as soon as possible.
Barclays down 6.5% after warning of fourth-quarter cost-cutting charges
Barclays on Tuesday reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations.
Revenge travel is over — even in China, says CEO of InterContinental Hotels Group
Travel demand has reached a “sustainable place,” said Intercontinental Hotels Group CEO Elie Maalouf. “We’re pleased with the demand … and hope it continues.”
