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WTO downgrades global trade growth forecast to 0.5% for next year

GENEVA (Reuters) -The World Trade Organization on Tuesday sharply lowered its 2026 forecast for global merchandise trade volume growth to 0.5%, citing expected delayed impacts from U.S. President Donald Trump’s tariffs. It marks a significant revision down from its previous estimate in August of 1.8% ...
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Chevron names Kevin McLachlan as VP of exploration

(Reuters) -Chevron Corp on Tuesday named Kevin McLachlan as vice president of exploration, succeeding veteran executive Liz Schwarze, who will retire early next year after more than three decades with the U.S. oil major. McLachlan, whose appointment is effective Nov. 1, most recently served as ...
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Buildings are turning to ‘ice batteries’ for sustainable air conditioning

Every night some 74,000 gallons (280,000 liters) of water are frozen at Norton Audubon Hospital in Louisville, Kentucky. The hospital used to get all of its air conditioning from a conventional system found in most U.S. buildings, but now 27 tanks of ice sustain ...
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As oil glut fears mount, OPEC+ restrains output rises for now

By Alex Lawler and Ahmad Ghaddar LONDON (Reuters) -OPEC+ oil-producing countries opted for only a modest rise to November output due to concerns about a potential global glut, sources within the group said, as non-OPEC supply also rises while fuel demand growth slows. On Sunday, the ...
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Morning Bid: AI and deals fizz drown out politics

By Mike Dolan LONDON (Reuters) -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets World stock markets cooled a touch on Tuesday after another AI-spurred start to the week, with Washington’s shutdown putting the spotlight Federal Reserve speakers rather than data ...
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Chevron working to restart units at El Segundo refinery after fire

(Reuters) -Chevron on Tuesday said it is working to restart some of the processing units that were shut down due to a fire at its El Segundo refinery last week. “The refinery continues to operate and create transportation fuels, although at diminished rates,” the company ...
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Interest in women’s sports is growing. Here’s how some women-owned companies are responding

Laura Youngson didn’t expect to focus so much on soccer cleats when she organized a group of women to climb Mount Kilimanjaro and play a high-altitude match. The point of the 2017 game was to highlight inequality in sports for women and girls. On that ...
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Standard Chartered names Roberto Hoornweg chief of corporate, investment banking

(Reuters) -Standard Chartered said on Tuesday it appointed Roberto Hoornweg as chief executive of corporate and investment banking, elevating him from the co-head role he shared with Sunil Kaushal. Kaushal will retire on March 31, 2026, after a 27-year career at the Asia-focused lender. Hoornweg ...
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Explainer-How companies are steering IPO plans amid US government shutdown

By Manya Saini (Reuters) -Companies looking to sidestep disruptions caused by the U.S. government shutdown to their initial public offerings can tap a provision that allows them to press ahead with their listing plans without the need for regulatory approvals. Biotech startup MapLight became the first ...
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Exclusive-France pitches scrapping some capital demands on top euro zone banks

By Francesco Canepa FRANKFURT (Reuters) -France is pushing to scrap some capital requirements on the euro zone’s top lenders to put them on an equal footing with their U.S. rivals, according to a document seen by Reuters. The proposal by French regulators would apply to the ...
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Carlyle releases shadow labor report showing subdued US hiring in September

(Reuters) -Carlyle Group released a set of U.S. economic data on Tuesday, including a sharply lower estimate for September jobs growth, underscoring efforts by private firms to provide insights as the government shutdown stalls official statistics. The global investment firm estimated that U.S. employers added ...
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Mercedes-Benz third quarter sales drop, dragged by China and US

(Reuters) -Mercedes-Benz reported declining sales for the third quarter on Tuesday, as U.S. import duties and intensifying competition in China dented the German luxury carmaker’s deliveries. It delivered 441,500 vehicles between July and September, 12% fewer than in the same quarter last year, with sales ...
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