Business
Elon Musk confirmed that special committees at Tesla and SpaceX are exploring a potential merger, which he described as the largest in history. The tie-up, estimated to create a $3.5 trillion entity, is seen by Musk as having 'a lot of merit' due to the companies' complementary work on artificial intelligence.
Business
Jakarta – The Indonesian government unveiled a Rp1.3 trillion package aimed at spurring domestic spending before the fiscal year closes. The move is intended to sustain growth amid a recent slowdown.
Business
Norwegian industrial group Aker ASA could see its stock rebound if a new large‑scale Nscale agreement is reached, even as Microsoft has withdrawn from a £2 billion AI data‑centre project in the UK. The development has become Norway’s top domestic business story.
Business
China's economic growth significantly outpaced forecasts in the third quarter, reaching 4.5 percent, primarily fueled by a robust surge in technology exports. This acceleration occurred despite persistent softness in domestic consumer spending.
Business
US drone manufacturer Red Cat Holdings announced a cash offer of €39 per share for all outstanding shares of Austria's Steyr Motors AG. The proposal, made through subsidiary SMOT Acquisition GmbH, has sent Steyr’s stock sharply higher and raised questions about the strategic impact on Europe’s defense sector.
Business
Chancellor John Healey has outlined a series of budget proposals that would levy new taxes on family‑owned businesses and high‑street lenders to address a projected £35 billion Treasury shortfall. The plan has sparked debate among industry groups, opposition politicians and the public ahead of the autumn budget.
Business
Swedish organic dairy producers in the southern county of Blekinge have been prohibited from marketing their milk, prompting a sudden shift to alternative production. The decision, affecting a niche but growing sector, has drawn criticism from farmers’ groups and prompted a governmental review.
Business
A sharp drop in South Korea's main stock index triggered forced selling worth about 300 billion won over seven days, hitting investors who borrowed heavily to fund equity purchases. The episode highlights the risks of the country's recent surge in leveraged investing.
Business
The federal coalition in Belgium has formally dropped the proposed stability law and will restart work on a multi‑year budget framework. The shift signals a return to broader fiscal planning after weeks of parliamentary debate.
Business
A collective legal action has been lodged in Denmark demanding that Nordea return several million kroner to its customers. The case could set a precedent for how the country’s biggest banks handle consumer disputes.
Business
The International Monetary Fund has called on Argentina to accelerate the reduction of subsidies, highlighting the fiscal adjustment the country has already undertaken. The recommendation comes as the government navigates a fragile economy and seeks to protect its most vulnerable citizens.
Business
The Jakarta Composite Index plunged more than 11% on Friday, its steepest drop in years, while the rupiah weakened past the 18,000‑per‑dollar threshold. Police chief Listyo Sigit Prabowo announced an investigation into possible market violations as investors react to a threatened MSCI index downgrade.