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Asian shares are mostly lower despite Wall St rally and a potential end to the US shutdown

BANGKOK (AP) - Asian shares were mostly lower on Tuesday as the recent rebound fueled by buying of technology shares lost steam. Markets showed little reaction to the latest step toward ending the U.S. shutdown, after the Senate passed legislation to reopen the government. U.S. ...
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China devises plan to keep US military from getting its rare-earth magnets, WSJ reports

(Reuters) -China plans to ease the flow of rare earths and other restricted materials to the U.S. via a system that will exclude companies with ties to the U.S. military while fast-tracking export approvals for other firms, the Wall Street Journal reported on Monday, ...
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China’s ‘Singles’ Day’ shopping festival a gauge of Beijing’s effort to get consumers to spend more

HONG KONG (AP) - Alice Zhang, a 29-year-old marketer in the southern Chinese city of Guangzhou, has spent only roughly half what she did last year during the "Singles' Day" online shopping festival, switching to cheaper choices and giving up on buying new shoes ...
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US consumer watchdog says it is legally blocked from accessing funds

By Douglas Gillison WASHINGTON (Reuters) -The top U.S. consumer watchdog said on Monday it was legally prohibited from drawing cash from the Federal Reserve to support continuing operations, but that its current funding should last through the end of this year "at least." The U.S. Consumer ...
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BHP to compensate Australian coal workers for Christmas shifts

MELBOURNE (Reuters) -BHP has been ordered by Australia's Federal Court to compensate 85 coal mine workers employed by its labour hire arm in Queensland for unlawfully requiring them to work Christmas and Boxing Day holidays without providing a reasonable right of refusal, the ...
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Sony raises profit forecast by 8% on lower tariff impact

TOKYO (Reuters) -Sony on Tuesday raised its operating profit forecast for the year ending March 2026 by 8% to 1.43 trillion yen ($9.48 billion) citing a smaller impact from U.S. tariffs and the strength of its music and chips businesses. Operating profit in the ...
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Tesla’s China sales fall to 3-year low amid tepid demand

(Corrects name of Xiaomi model to YU7 SUV, not YU SUV, in paragraph 7) BEIJING (Reuters) -Tesla's sales in China dropped to 26,006 vehicles in October, their lowest in three years, as the U.S. electric vehicle maker struggles with tepid demand in the hyper-competitive ...
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Explainer-What is climate finance and why does it matter?

By Simon Jessop BELEM, Brazil (Reuters) -Countries trying to shift to clean energy while also preparing for extreme weather and other impacts in a warmer world will need money - a lot of it. As the costs and risks of global warming escalate, the topic ...
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Shutdown to leave mark on US economy from lost paychecks, canceled flights

WASHINGTON (AP) - The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy. About 1.25 million federal workers haven't been paid since Oct. 1. Thousands of flights have been canceled, ...
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Air travelers face frustration as FAA’s further drop in flights takes effect

Air travelers could face more frustration as busy U.S. airports need to meet a higher Federal Aviation Administration target for reducing flights Tuesday after already canceling thousands to scale back demands on the nation's aviation system during the government shutdown. The FAA ordered domestic airlines ...
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The Supreme Court is expected to say whether full SNAP food payments can resume

It's up to the U.S. Supreme Court and Congress to decide when full payments will resume under the SNAP food aid program that helps 1 in 8 Americans buy groceries as the financial pressures mount on families in some states. The Supreme Court is expected ...
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Boeing gets nod for moving 777X forward in certification, Air Current reports

(Reuters) -Boeing received approval last week from the U.S. Federal Aviation Administration to begin the third of five major phases of certification flight tests for its 777-9, the Air Current reported on Monday, citing people familiar with the program's progress. Reuters could not immediately verify ...
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