Tesla to end Cybertruck production in about eight months, Musk says
Musk said Tesla would have to refund many reservation holders as it shifts factory space toward two-seater Cybercab robotaxis.
Globe And Street: global business and finance news
Crypto & Digital Assets
PNC and Coinbase plan stablecoin payment pilot for business clients
Eligible clients will receive Circle’s USDC, with payments automatically converted into US dollars.
Economy & Policy
Lecornu brings forward French minimum-wage rise and plans tax relief
The increase will add €24 to monthly net pay from December 1, while planned tax measures cover overtime, transport contributions and employee bonuses.
- WorldAzerbaijan and Ukraine sign cooperation agreements spanning 14 sectors
- MarketsAsian shares recover as traders increase bets on Fed rate rise
- Economy & PolicyLecornu brings forward French minimum-wage rise and plans tax relief
- CompaniesTesla to end Cybertruck production in about eight months, Musk says
- IPO & DealsMitsui Chemicals and DBJ to acquire JSR for $11.61 billion
- Energy & CommoditiesAnthropic strikes about $3.4 billion generator deal, media report says
- Crypto & Digital AssetsPNC and Coinbase plan stablecoin payment pilot for business clients
- FinanceSequoia to close London office and end Arc and Scouts programs
- TechAmazon adds text-message shopping to Alexa
Azerbaijan and Ukraine sign cooperation agreements spanning 14 sectors
The countries adopted a 2026-2027 action plan as official figures showed bilateral trade increased 10.5% in the first eight months of 2026.
Japanese investors end six-week retreat from foreign long-term bonds
Finance ministry data showed 1.31 trillion yen in net purchases, while foreign investors also increased their holdings of Japanese debt.
Japan's July 30 yen intervention hit record ¥7.98 trillion
Finance Ministry figures show yen purchases on three days, including July 31, when the United States also intervened to support the currency.
Veon lifts revenue forecast as CEO warns of fuel shortages
The telecom group raised the lower end of its 2026 growth outlook, while reporting a 15% decline in data use in Bangladesh.
Mitsui Chemicals and DBJ to acquire JSR for $11.61 billion
Mitsui Chemicals plans a share sale of up to ¥150 billion and a ¥1.64 trillion bridge loan to help fund the acquisition.
Anthropic strikes about $3.4 billion generator deal, media report says
The AI startup bought commitments for 1.7 gigawatts of generators from Texas-based OnePWR Solutions, according to a media report.
Nubank and Mercado Pago restrict cryptocurrency transfers
Both companies said customer funds were secure. It remained unclear whether the disruptions involved the same outside provider.
Sequoia to close London office and end Arc and Scouts programs
The venture capital firm says it has raised roughly $10 billion in new funds while combining investment teams and reducing internal hierarchy.
Amazon adds text-message shopping to Alexa
The feature is initially available by invitation to a limited group of U.S. customers, with a wider launch planned in the coming weeks.