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German engineering body warns US tariff expansion to hit over half of machinery exports

(Corrects day in paragraph 1 to Wednesday, not Tuesday) BERLIN (Reuters) -More than half of German and European machinery exports to the United States could be hit by new tariffs if Washington expands its list in December, Germany’s VDMA said on Wednesday, urging the ...
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Outokumpu misses earnings forecast, to invest $45 million in pilot plant in US

By Jagoda Darlak (Reuters) -Finnish stainless steel maker Outokumpu reported third-quarter core profit below market expectations on Wednesday and said it was investing $45 million in a new pilot plant in the United States. The company’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) fell ...
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Santander books record Q3 profit as strong US unit offsets weaker Brazil

By Jesús Aguado MADRID (Reuters) -Spain’s Santander bank reported a 7.8% year-on-year rise in its third-quarter net profit, saying a strong performance in its U.S. business offset lower lending income and some weakness in Brazil. The net profit of 3.5 billion euros ($4.08 billion) in the ...
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Judge extends order barring Trump from firing federal workers during shutdown

SAN FRANCISCO (AP) — A federal judge in San Francisco on Tuesday indefinitely barred the Trump administration from firing federal employees during the government shutdown, saying that labor unions were likely to prevail on their claims that the cuts were arbitrary and politically motivated. U.S. ...
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Trump says US blocks him from running for third term

AIR FORCE ONE (Reuters) -President Donald Trump said on Wednesday that U.S. law prohibits him from seeking a third term, suggesting that he does not intend to challenge the legal limits on presidential tenure. “If you read it, it’s pretty clear, I’m not allowed to ...
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Thermo Fisher nears $10 billion takeover of Clario, FT reports

(Reuters) -Medical equipment maker Thermo Fisher is nearing an all-cash takeover of U.S-based Clario in a deal that could value the clinical trial data management company at about $10 billion, the Financial Times reported on Tuesday.  Reuters could not immediately verify the report. The acquisition could ...
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Germany to give more than $1 billion for Holocaust survivors’ home care in 2026

BERLIN (AP) — The organization that handles claims on behalf of Jews who suffered under the Nazis said Wednesday that Germany has agreed to extend another $1.076 billion (923.9 million euros) for Holocaust survivors ‘ home care around the globe for the coming year. The ...
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Trump’s charm offensive in Asia sends Nikkei 225 to record heights

BANGKOK (AP) — Shares were mostly higher Wednesday in Asia as Japan’s benchmark Nikkei 225 index surged more than 2% to another record. U.S. futures were mixed and oil prices were little changed. U.S. President Donald Trump has been touring Asia and his upbeat comments ...
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European shares flat; earnings, Fed’s rate decision in focus

(Reuters) -European shares were flat on Wednesday, with investors assessing a slew of corporate earnings while awaiting the U.S. Federal Reserve’s rate decision later in the day. The continent-wide STOXX 600 index was flat at 575.66 points, as of 0812 GMT. The Fed is widely ...
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AP Decision Notes: What to expect in California’s special election

WASHINGTON (AP) — Led by Gov. Gavin Newsom, California Democrats are charging toward a new congressional map that could flip as many as five U.S. House seats from Republican to Democratic control. But first, they need voters to sign off. California voters head to the ...
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AP Decision Notes: What to expect in New York on Election Day

WASHINGTON (AP) — The nation’s biggest city will pick its next mayor on Tuesday in an election that has sparked debate over the future of the Democratic Party. Democratic nominee Zohran Mamdani, a 34-year-old state assembly member and democratic socialist who jolted the party with ...
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GSK raises 2025 sales forecast after strong growth in specialty medicines

(Reuters) -GSK raised its 2025 sales and earnings expectations on Wednesday after third-quarter results beat forecasts, helped by double-digit growth for its HIV and cancer drugs. This is CEO Emma Walmsley’s last quarterly update before Luke Miels takes over in early 2026 to steer the ...
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