Economists fear major disruption if the Israel-Hamas conflict is not contained
Israel’s subsequent bombardment of Gaza in a bid to eliminate Hamas has increased the risk of a spillover to the wider Middle East region.
IMF chief says Israel-Hamas war is a new cloud on the world’s economic horizon
The head of the IMF on Wednesday dubbed the worsening Israel-Hamas conflict as another cloud on the horizon of an already gloomy economic outlook.
Hurricane Otis batters Acapulco before weakening over southern Mexico
Hurricane Otis slammed into Mexico’s southern Pacific coast as a Category 5 hurricane early Wednesday, bringing dangerous winds and heavy rain to Acapulco.
Beer giant Heineken posts sales hit on Russia exit, higher prices
The Dutch brewer sold its Russia operations for one euro in August, while consumers globally were deterred by higher beer prices.
Amazon launches European ‘sovereign’ cloud as EU data debate rages
Amazon Web Services European Sovereign Cloud will be located within Europe and will be separate to the U.S. technology giant’s other cloud operations.
Israel envoy calls for resignation of UN chief who said Hamas attack ‘did not happen in a vacuum’
Israel’s ambassador to the U.N. called for the resignation of the organization’s secretary-general, Antonio Guterres, following his remarks on the Israel-Hamas conflict and action in Gaza.
‘Incredible alpha opportunities’ in the year ahead despite headwinds, says Carlyle Group CEO Harvey Schwartz
Wall Street leaders speaking at the annual Riyadh event broadly expressed varying degrees of pessimism and caution for the coming year.
Hong Kong slashes stamp duties, easing property curbs for the first time in over 10 years
Hong Kong’s lukewarm post-Covid economic recovery has been accompanied by sluggish residential transactional volumes in its once red-hot property sector.
Deutsche Bank shares surge 7% after net profit beats expectations
Deutsche Bank reported a third-quarter net profit of 1.031 billion euros ($1.06 billion), slightly beating expectations.
CNBC Daily Open: Strong earnings pave the way for markets
Markets are now slowly starting to come away from the tumultuous swings of last week when Treasury yields were high, and catalysts were few.
