Bombay Durpun - Economy

S.Korea appeals to US to free workers

South Korea's top diplomat made a direct appeal Wednesday to the United States to release hundreds of workers detained in an immigration raid that stunned the close US ally, as a plane dispatched by Seoul was delayed.

Union to vote on deal to end strike at Boeing defense branch

Labor leaders reached a tentative agreement with Boeing that could resolve a strike in the aviation giant's defense business, the union announced Wednesday.

'Anguish' as Cuba plunges into new electricity blackout

Cubans were in despair Wednesday after their cash-strapped communist country plunged into its fifth nationwide power blackout in a year.

Musk's title of richest person challenged by Oracle's Ellison

Billionaire Elon Musk is at risk of losing his title of world's wealthiest person to Oracle co-founder Larry Ellison, whose software giant stands poised for massive AI riches.

New French PM vows 'profound break' with past as protests flare

France's new Prime Minister Sebastien Lecornu promised a "profound break" with the past on Wednesday as he faced the thorny task of trying to build a government with enough parliamentary support to pull the country out of a political crisis.

Three migrants dead, three missing in Channel crossing attempts

Three people are believed to have been crushed to death and three others were missing in two separate incidents as migrants attempted to cross the English Channel, French officials said Wednesday.

US says backs S.Korea investment as plane fetches detained workers

The United States said Wednesday that it welcomed investment from South Korea, which dispatched a plane to repatriate hundreds of workers arrested in an immigration raid that shocked the close US ally.

Fossil energy 'significant' driver of climate-fuelled heatwaves: study

Fossil fuel and cement producers have contributed "significantly" to the growing number and intensity of climate-change-driven heatwaves, according to a study published on Wednesday in Nature.

Software company Oracle shares surge more than 35% on huge AI deals

Oracle shares surged more than 35 percent in early trading Wednesday after the software giant projected massive revenue growth based on contracts tied to artificial intelligence.

US Senate panel advances nomination of Trump's Fed governor pick

A US Senate committee on Wednesday advanced the nomination of President Donald Trump's choice to join the Federal Reserve board, despite concerns that he might not resign from the White House even if confirmed.

Belgium seeks US help in drug trafficking fight

Belgium's prime minister appealed Wednesday for American help to counter transnational drug trafficking as he visited the port of Antwerp, a key smuggling hub into Europe, with US homeland security chief Kristi Noem.

Stock markets strike records despite geopolitical unrest

Global stock markets struck fresh record highs on Tuesday as expectations of more cuts to US interest rates offset escalating geopolitical tensions.

New French PM vows 'profound break' with past to exit crisis

France's new Prime Minister Sebastien Lecornu promised a "profound break" with the past on Wednesday as he faced the thorny task of trying to build a government with enough parliamentary support to avoid an early demise.

Zara owner Inditex shares soar as sales growth revives

Shares in Zara owner Inditex, the world's largest fashion retailer, soared on Wednesday as a positive start to the autumn season enthused investors and eclipsed slower-than-expected sales growth.

Stock markets rise amid geopolitical unrest

Global stock markets rose Wednesday, with some Asian indices reaching record heights, as expectations of more cuts to US interest rates offset escalating geopolitical tensions.

Three dead, three missing in attempts to cross Channel

Three people are believed to have been crushed to death and three others were missing in two separate incidents as migrants attempted to cross the English Channel, French officials said on Wednesday.

'Block everything': protests grip France as new PM starts job

France's new Prime Minister Sebastien Lecornu was set to take office on Wednesday as protesters took to the streets in a show of grassroots opposition to President Emmanuel Macron, sparking clashes with police and dozens of arrests.

Von der Leyen urges EU to fight for place in 'hostile' world

EU chief Ursula von der Leyen on Wednesday urged Europe to assert its independence in a "hostile" world, as she condemned Russia's drone incursion in Poland and pushed for tougher action against Israel over Gaza.

'Block everything': France faces disruption as new PM starts job

France's new Prime Minister Sebastien Lecornu was to take office on Wednesday facing a day of protests disrupting transport, education and other services in a show of grassroots anger against President Emmanuel Macron.

Ozempic maker Novo Nordisk to cut 9,000 global jobs

Danish pharmaceutical giant Novo Nordisk announced Wednesday that it would cut 11 percent of its workforce, as the maker of Ozempic and Wegovy faces rising competition for its anti-obesity treatments.

Asian markets enjoy record day as new US jobs data fans rate cut hopes

Asian markets extended gains on Wednesday, with Tokyo and Seoul emulating a record day on Wall Street as fresh data pointing to a weakening US jobs market ramped up expectations for a series of Federal Reserve rate cuts.

Trump jeered at Washington restaurant, called 'Hitler of our time'

Viral videos on social media portray the moment protesters began jeering US President Donald Trump at a Washington restaurant Tuesday, shouting "Free DC! Free Palestine! Trump is the Hitler of our time!"

EU chief to defend Trump trade deal in parliament

EU chief Ursula von der Leyen will seek to defend her trade deal with Donald Trump in an address to the bloc's lawmakers Wednesday -- with many seething over an outcome they see as a surrender to Washington.

France set for disruption as new PM takes office

France's new Prime Minister Sebastien Lecornu takes office on Wednesday facing a day of protests that are expected to see transport, education and other services suffer disruptions in a show of grassroots anger against President Emmanuel Macron.

Asian markets rally as new US jobs data fans rate cut hopes

Asian markets extended gains on Wednesday following a record day across Wall Street as fresh data pointing to a weakening US jobs market ramped up expectations for a series of Federal Reserve rate cuts.

Envirosite Expands Into Australia With Acquisition of Land Insight Assets

By adding Land Insight's trusted property data and historical resources to its portfolio, Envirosite now provides consistent, high-quality environmental insights across the United States, Canada, and Australia-helping consultants, engineers, and lenders assess and manage property riskwith confidence.

Pacific Avenue Capital Partners Advances European Strategy with Team Expansion and Dedicated Sidecar Vehicle

PARIS, FR / ACCESS Newswire / September 10, 2025 / Pacific Avenue Capital Partners ("Pacific Avenue"), a global private equity firm specializing in corporate carve-outs and complex transactions, today announced key milestones in its European expansion. Less than a year after opening its Paris office and appointing Xavier Lambert as Head of Europe, the firm has built a high-caliber team with full execution capabilities. It has also expanded its presence across the region and raised a dedicated sidecar vehicle to support investments in new platforms throughout Europe.

US stocks close at fresh records, digesting weak jobs data

US stock indices rocketed to fresh records as markets digested disappointing US jobs data, while political upheaval in France lifted the European country's borrowing rate.

Trump ready to match EU tariffs on China, India to pressure Putin: US official

The United States is ready to broaden tariffs targeting buyers of Russian oil -- if the EU takes similar moves -- to hit at revenue Moscow needs for the war in Ukraine, a US official told AFP Tuesday.

Apple's move to eSIM-only strengthens global trend

Apple's Tuesday announcement that the new iPhone 17 Air will only be available around the world without physical SIM cards marks a new advance for the virtual eSIM technology the firm has relied on in the US for years.

Macron names close ally Lecornu new PM

French President Emmanuel Macron on Tuesday named defence minister and his close ally Sebastien Lecornu as the new prime minister to resolve a deepening political crisis as protests loom in the next days.

First of five judges in Bolsonaro coup trial votes to convict

A judge in Brazilian ex-president Jair Bolsonaro's coup trial voted Tuesday to convict him, with four others yet to give their verdicts in a case that has angered the right-winger's US ally Donald Trump.

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