Business
EU Backs Temu Action Plan After €200 Million Digital Services Act Fine
The Commission said on 26 October 2026 it had backed Temu’s plan after its €200 million Digital Services Act fine, covering illegal goods and recommender systems.
Global Stocks Fall Again as AI Worries, $114 Oil and French Yields Weigh
Wall Street’s tech-led drop on 22 October spread to Europe on 23 October as Brent crude topped $114 and France’s 10-year yield reached a record near 5.1%.
How Hong Kong Defends Its Peg, and Why Britain in 1992 and Switzerland in 2015 Let Go
Hong Kong, Britain in 1992 and Switzerland in 2015 show how central banks defend a peg and when they let it go.
How a sovereign credit rating shapes borrowing costs
Moody’s, S&P and Fitch grade governments on their ability and willingness to repay. A look at how the grades are set, when they move, and how a change reaches bonds and banks.
Microsoft unveils Maia 300 AI chip with 40% more tokens per megawatt claim
Microsoft unveiled its third-generation Maia 300 AI chip on October 12, 2026, claiming 40% more inference tokens per megawatt and planning a gigawatt-scale rollout from 2027.
Why New York’s Minimum Wage Won’t Rise in 2027
New York’s minimum wage stays tied to inflation from 2027, but three statutory conditions can pause a yearly increase, and the state says one applies.
Why Hormel Is Paying $1.055 Billion for Chicken Processor Brakebush
Hormel’s $1.055 billion acquisition of Wisconsin-based Brakebush Brothers signals consolidation in the protein sector and reflects stronger demand for value-added chicken in foodservice.
What South Korea Disputes in Trump’s $200 Billion Energy Investment Claim
Seoul said the president overstated commitments to energy projects, raising questions about a $350 billion trade deal meant to ease tensions over tariffs.
