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Red Cross to shed nearly 3,000 jobs, scale back budget amid donor fatigue

GENEVA (Reuters) -The International Committee of the Red Cross will reduce its 2026 budget by 17% to 1.8 billion Swiss francs ($2.23 billion)and cut 2,900 jobs, it said in a statement on Friday. Aid budgets are facing an unprecedented shortfall as donors shift their focus ...
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Global coffee prices plunge after Trump removes tariffs on Brazil

LONDON (Reuters) -Global coffee prices plunged on Friday after U.S. President Donald Trump removed 40% tariffs on imports of Brazilian agricultural products including coffee and cocoa in the face of growing angst from American consumers about high food costs. U.S. retail coffee prices rose an ...
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Morning Bid: The pAIn trade

By Anna Szymanski LONDON, November 21 (REUTERS) -Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor That Nvidia bump was rather short-lived. U.S. equities tumbled on ...
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EU can beat Trump’s tariffs with domestic trade, ECB’s Lagarde says

FRANKFURT (Reuters) -The European Union can offset the impact of U.S. trade tariffs if it knocks down some of its internal barriers, European Central Bank President Christine Lagarde said on Friday. Lagarde said the EU's export-oriented economic model has been upended by a protectionist turn ...
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European arms makers fall to lowest since September on Ukraine peace push

(Reuters) -European defence shares fell to their lowest levels since early September on Friday, after Ukrainian President Volodymyr Zelenskiy said he was ready for "honest" work on a U.S.-backed plan to end the war. An index of aerospace and defence companies was last down 2.6%. The ...
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Japan OKs $135 billion stimulus package to help revive its sluggish economy

TOKYO (AP) - Japan's Cabinet approved a 21.3 trillion yen ($135.4 billion) stimulus package Friday to help spur the economy through expansionary government spending and to relieve the impact of higher prices. After taking office last month, Prime Minister Sanae Takaichi promised to boost ...
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Ubisoft’s quarterly bookings beat guidance as Tencent deal helps cut debt

By Leo Marchandon (Reuters) -French video game group Ubisoft reported second-quarter net bookings that exceeded its guidance on Friday, and said the 1-billion-euro ($1.2 billion) investment from China's Tencent would enable it to reduce its debt pile. Quarterly bookings reached 490.8 million euros, up 39% from ...
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JP Morgan drops December rate-cut forecast on strong US jobs report

(Reuters) -J.P. Morgan mirrored Morgan Stanley in withdrawing its forecast for a 25-basis-point Federal Reserve rate cut in December following a stronger-than-expected US jobs report. In a note released late Thursday, the Wall Street brokerage said it still expects the next rate cuts to ...
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Droneshield rally unravels as executive share sales, governance issues spark brutal rout

By Shivangi Lahiri and Sameer Manekar (Reuters) -Shares of Australian drone technology firm Droneshield tumbled 8% on Friday, deepening a two-week rout as stake sales by top executives, a contract disclosure error, and the abrupt exit of its U.S. head halted this year's unprecedented ...
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Morning Bid: Three-alarm fire as tech selloff resumes, Takaichi stimulus lands

A look at the day ahead in European and global markets from Gregor Stuart Hunter It turns out Nvidia's earnings could only smother the blaze on markets for so long. Stock markets are tumbling again after a renewed selloff in tech shares on Wall Street ...
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Japan premier’s advisers will speak at business event before BOJ meeting

TOKYO (Reuters) -Reflationist advisers of Japan's new prime minister Sanae Takaichi will speak on a panel hosted by Keidanren on December 17 on the new administration's strategy to strengthen the economy, the business lobby said on Friday. The event will be held a day before ...
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Google and US government battle over the future of internet advertising

Google will confront the U.S. government's latest attempt to topple its internet empire in federal court on Friday as a judge considers how to prevent the abusive tactics that culminated in parts of its digital ad network being branded as an illegal monopoly. The courtroom ...
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