Globe And Street: global business and finance news

South Korea's third-quarter growth seen at 0.7% in economist poll

Record September exports supported the outlook, while economists raised concerns about dependence on semiconductors and uneven domestic demand.

TechOct 23, 10:04 PM

Trump pledges to address any continuing Starlink access problems in Ukraine

Ukrainian officials said speed limits remained in effect, disputing the U.S. president’s earlier assertion that service had been fully restored.

MarketsOct 23, 9:03 PM

Euro falls as French debt concerns weigh on currency

The euro was heading for weekly losses against the dollar and yen, while traders awaited policy meetings at three major central banks.

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Oct 23, 10:34 PMEconomy & Policy
South Korea's third-quarter growth seen at 0.7% in economist poll
Oct 23, 10:04 PMTech
Trump pledges to address any continuing Starlink access problems in Ukraine
Oct 23, 9:03 PMMarkets
Euro falls as French debt concerns weigh on currency
Oct 23, 8:47 PMTech
UK outlines about £600 million for AI security and research
Oct 23, 7:49 PMTech
Amazon's cloud capacity mostly booked through 2027, Jassy says
Oct 23, 7:34 PMTech
OpenAI to cut live internet access during AI model training
Oct 23, 6:34 PMCrypto & Digital Assets
Bank of Italy official urges lenders to invest amid digital uncertainty
Oct 23, 6:20 PMMarkets
Stocks retreat as Brent oil settles at highest since April
Oct 23, 5:19 PMIPO & Deals
Pathos AI raises $237 million alongside drug research partnership
Oct 23, 5:05 PMFinance
BOJ flags AI market risks and cyber threats to Japan's banks

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World

EU trade committee chair urges broader agreement with China

Bernd Lange wants investment included in wider negotiations as European lawmakers prepare to visit China on October 27 to 29.

Oct 19, 12:34 PMQatar to unveil defense partnership as minister warns energy crisis has not peaked
Oct 18, 11:19 AMRubio visits Uzbekistan for Central Asia talks with business delegation
Oct 12, 1:06 PMEU-China agreement limits hybrid car exports and eases rare earths licensing
Oct 9, 11:22 AMEU and China agree to curb hybrid vehicle exports to Europe

Markets

Stocks retreat as Brent oil settles at highest since April

Technology shares steadied after a selloff, while energy stocks reached a record high as attacks in Saudi Arabia raised supply concerns.

Oct 23, 1:19 PMStocks mixed as tech rebounds and oil rises after Houthi attacks
Oct 22, 12:19 PMYen gains as oil and AI concerns weigh on markets
Oct 21, 7:03 PMStocks advance on AI earnings as French bond yield tops 5%
Oct 21, 8:18 AMPrabowo challenges MSCI over Indonesia downgrade warning

Economy & Policy

EU weighs tougher trade tools as it seeks to narrow China deficit

An October agreement sets quotas for Chinese hybrid cars, while Brussels is considering powers to restrict China's access to the EU market.

Oct 23, 10:50 AMSEC puts private credit and cybersecurity on fiscal 2027 examination agenda
Oct 23, 10:05 AMHungary’s budget supports 2030 euro-entry criteria goal, Fitch says
Oct 22, 9:33 PMJapan factory PMI falls to 53.3 in October as services improve
Oct 22, 8:34 AMCanada pledges $6.2 billion to help manufacturers facing US tariffs

Companies

Carta teams with NewView to simplify startup employee tender offers

A joint study found just 44 tender offers were completed in the first half of 2026, despite growing interest in employee share sales.

Oct 23, 8:50 AMKering shares drop 10.7% after Gucci sales miss expectations
Oct 23, 8:19 AMInfosys cuts annual growth outlook despite quarterly revenue beat
Oct 23, 7:19 AMVolvo Cars plans 2,500 job cuts after third-quarter loss
Oct 22, 9:48 PMHD Hyundai signs deal with Kiewit to build US shipyard

IPO & Deals

Pathos AI raises $237 million alongside drug research partnership

Bristol Myers led the Series E financing, which valued Pathos at about $3 billion, as the companies announced a collaboration with Tempus AI.

Oct 23, 2:34 PMDaytona raises $60 million at $1 billion valuation
Oct 23, 7:04 AMJio's $3.2 billion IPO draws bids for more than seven times available shares
Oct 22, 8:19 PMWarhound raises $200 million for genetically engineered working dogs
Oct 22, 8:03 PMSK Hynix abandons Solidigm US IPO plan, citing market volatility

Energy & Commodities

Commonwealth Fusion Systems to receive $85 million for fusion chip development

The CHIPS Act award from the Department of Commerce will also give the U.S. government a stake in the company.

Oct 21, 11:04 AMBritain clears Jackdaw gas drilling after emissions review
Oct 19, 1:19 PMAmazon backs proposed 960-megawatt nuclear plant in Indiana
Oct 16, 4:19 PMWorld Bank sets $19 billion goal for critical minerals financing
Oct 16, 11:19 AMUzbekistan agrees $4.7 billion energy package and seeks nuclear expansion

Crypto & Digital Assets

Bank of Italy official urges lenders to invest amid digital uncertainty

Deputy Governor Chiara Scotti said banks should experiment on a small scale even as the eventual reach of tokenization remains unclear.

Oct 23, 12:05 PMWells Fargo, Arm and Intuit reject share tokenization on OKXICE
Oct 18, 7:19 AMCrypto chip-stock contracts see nearly $52 million in liquidations
Oct 16, 2:19 PMCircle targets expansion into about 40 new markets
Oct 12, 9:22 AMFrench lawmakers back crypto exit tax, but budget hurdle remains

Finance

BOJ flags AI market risks and cyber threats to Japan's banks

Increased lending to overseas non-bank institutions may have left Japan's financial system more exposed to global market fluctuations, the central bank said.

Oct 21, 8:19 PMBlackstone’s Khaira disputes fears of an AI debt crisis
Oct 21, 3:04 PMBlackRock expands AI fund range with robotics ETF
Oct 20, 11:03 AMRevolut outage disrupts payments and account access across countries
Oct 15, 9:48 PMNorway panel proposes letting wealth fund invest in nuclear arms makers

Tech

Amazon's cloud capacity mostly booked through 2027, Jassy says

The Amazon CEO said significant bookings also extend into 2028, while demand from AI labs and enterprises is outstripping capacity expansion.

Oct 23, 7:34 PMOpenAI to cut live internet access during AI model training
Oct 23, 4:04 PMAT&T and T-Mobile strengthen security as AI takes on network tasks
Oct 23, 11:19 AMMeta postpones commercial terms after publishers raise AI concerns
Oct 23, 9:35 AMDrone strikes disrupt Russian data centers used by major tech companies