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Daimler Truck posts 40% drop in quarterly profit, but keeps annual forecasts

(Reuters) -Daimler Truck reported a bigger-than-expected 40% drop in third-quarter operating profit on Friday, but stuck to its annual forecasts on the back of a positive momentum in Europe and a recovery in North America. Adjusted earnings before interest and taxes (EBIT) came in at ...
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Westpac will not appeal work-from-home ruling loss

SYDNEY (Reuters) -Australian bank Westpac will not appeal a labour tribunal ruling after it lost a case to compel one of its workers to be in the office twice a week, according to a bank spokesperson. * The Fair Work Commission ...
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US tariffs likely push Japan into first economic contraction in six quarters: Reuters Poll

TOKYO (Reuters) -Japan's economy probably contracted for the first time in six quarters in the July-September period after being battered by U.S. President Donald Trump's tariff policies, a Reuters poll showed on Friday. Gross domestic product (GDP) in real terms probably shrank an annualised ...
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China’s exports fall 1.1% in October, hit by a 25% drop in shipments to the US

HONG KONG (AP) - China's exports contracted in October, hit by a 25% drop in shipments to the United States, the government reported Friday. Persisting trade tensions with Washington may get a respite in the final quarter of the year after President Donald Trump ...
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Democrats consider prolonging the shutdown as Republicans prepare new bills without health care fix

WASHINGTON (AP) - Senate Republicans are moving to try to end the government shutdown by preparing a new bipartisan package of spending bills and daring Democrats to vote for it, but it was unclear if their plan would work. Many Democrats said they would continue ...
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Morning Bid: The AI dip may not be done

A look at the day ahead in European and global markets from Tom Westbrook Tech stocks headed for a wobbly finish to what is shaping as the sharpest market drawdown since the turbulence around U.S. tariffs seven months ago. Shares of Softbank Group, the Japanese investment ...
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Supreme Court weighs longshot appeal to overturn decision legalizing same-sex marriage nationwide

WASHINGTON (AP) - A call to overturn the landmark Supreme Court decision legalizing same-sex marriage nationwide is on the agenda Friday for the justices' closed-door conference. Among the new cases the justices are expected to consider is a longshot appeal from Kim Davis, the former ...
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Lilly’s obesity drug Mounjaro becomes India’s top-selling drug by value in October

(Reuters) -Eli Lilly's blockbuster obesity drug Mounjaro became India's top-selling drug by value for the month of October with sales hitting 1 billion rupees ($11.38 million), research firm Pharmarack said on Friday. Demand for the blockbuster anti-obesity drugs, which help control blood sugar and slow ...
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Asian shares retreat after falling tech stocks pull Wall Street lower

BANGKOK (AP) - Shares retreated in Asia on Friday after losses for influential technology stocks pulled Wall Street benchmarks lower. U.S. futures edged higher and oil prices advanced. Japan's Nikkei 225 index fell more than 2% early in the session and was trading 1.6% lower ...
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Trump is ramping up a new effort to convince a skeptical public he can fix affordability worries

WASHINGTON (AP) - President Donald Trump is adjusting his messaging strategy to win over voters who are worried about the cost of living with plans to emphasize new tax breaks and show progress on fighting inflation. The messaging is centered around affordability, and the push ...
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Nancy Pelosi’s exit opens way for tough fight to replace her in San Francisco district

LOS ANGELES (AP) - Former House Speaker Nancy Pelosi 's decision to step aside after nearly four decades in Congress kicks off a wide-open contest to replace her at a time when her home city of San Francisco is roiled in debate about the ...
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Crews are working to fix Alaska Native villages devastated by flooding. But will residents return?

KWIGILLINGOK, Alaska (AP) - Darrel John watched the final evacuees depart his village on the western coast of Alaska in helicopters and small planes and walked home, avoiding the debris piled on the boardwalks over the swampy land. He is one of seven residents who ...
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