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U.S. budget deficit edged lower in 2025 as tariffs, debt payments both saw new records

The federal government managed to escape with a $1.78 trillion shortfall, some $41 billion, or 2.2%, less than fiscal 2024.

Published on: October 16, 2025 | Source: CNBC International favicon CNBC International

Trump’s compact threatens to quash US academic freedom

Universities should stand united against the White House’s demands

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

Harvard suffers $113mn loss after Trump’s cuts to research funding

University’s losses are the largest since 2011 and have forced lay-offs and freezes on hiring and salary increases

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

Debt slicing and dicing may make the financial system sturdier

The First Brands and Tricolor bankruptcies are best understood as a window into the modern credit value chain

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

Starmer must not repeat the Democrats’ mistakes

The American left’s failure to defeat Maga Republicans offers valuable lessons to Labour as it confronts Farage

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

OpenAI wants to own it all

ChatGPT maker has boundless ambition, but how much can it achieve before suffering a serious case of indigestion?

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

German Chancellor Merz calls for single European stock exchange

Endorsement comes after Berlin signals readiness to allow more centralised markets supervision

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

Nestle announces plans to slash 16,000 jobs, stock jumps 9%

Nestle said Thursday it will cut 16,000 jobs as the firm's new CEO Philipp Navratil looks to accelerate a turnaround at the consumer goods giant.

Published on: October 16, 2025 | Source: CNBC International favicon CNBC International

European markets close higher as food and beverage stocks rally; Nordea Bank hits records high

European stocks ended higher on Thursday, as regional markets continue to see-saw this week.

Published on: October 16, 2025 | Source: CNBC International favicon CNBC International

Time to say β€˜enough’ to extreme, unregulated online pornography

The internet cannot remain a vast, lawless realm: the harm across society is becoming too obvious not to act

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

Cai Qi: Xi Jinping’s right-hand man drawn into UK’s China spy drama

Political veteran mentioned in collapsed prosecution of two British men over espionage allegations

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

JLR cyber attacks highlight challenges facing UK car industry

Also in this week’s newsletter: a warning for the rest of British industry from the National Cyber Security Centre

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

Houthi military chief of staff killed in Israeli attack, group says

Death of Major General Mohammed Abdulkarim al-Ghamari marks highest ranking casualty in conflict with Israel

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

Fed governor Waller backs further rate cuts but urges caution

Top official says policymakers must proceed β€˜with care’ amid mixed signalsover health of US economy

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

Let the US credit score wars begin

Competition is a good thing if it lowers the costs or expands the credit-rating system

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

Big investors scale back risky bond exposure after storming rally

BlackRock and Fidelity International among asset managers betting credit rally has run out of road

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

We should seek local solutions to our global problems

Worn-out top-down approaches won’t help us build lasting shared prosperity

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

How the world’s latest Gen Z revolt ended in a coup

Military takeover in Madagascar follows wave of student protests in Bangladesh, Nepal and Kenya

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

Italy aims to raise €11bn from banks and insurers to help fund tax cuts

Revenue-raising target was contained in document sent to EU on Thursday but risks clash with lenders

Published on: October 16, 2025 | Source: Financial Times - World favicon Financial Times - World

Top European Central Bank board members say the easing cycle is done

ECB board members speak exclusively to CNBC at the IMF and World Bank annual meetings in Washington about the interest rate path and their views on Europe.

Published on: October 16, 2025 | Source: CNBC International favicon CNBC International

Thirsty AI mega projects raise alarm in some of Europe’s driest regions

Europe is planning to at least triple its data center capacity as part of a push to become a world-class AI hub.

Published on: October 16, 2025 | Source: CNBC International favicon CNBC International

Swiss government slashes growth outlook as Trump tariffs put 'heavy burden' on economy

The risks are mounting for the Swiss economy as the country’s goods face one of the Trump administration’s most punitive tariff rates.

Published on: October 16, 2025 | Source: CNBC International favicon CNBC International

Nio shares plunge 9% after Singapore's GIC accuses Chinese EV maker of inflating revenue

Singapore's sovereign wealth fund accused the Nio of misleading investors by inflating its revenues, according to a court document filed in August.

Published on: October 16, 2025 | Source: CNBC International favicon CNBC International

Indian microfinance is in trouble

A model that has lifted millions out of poverty is threatened by rising defaults

Published on: October 16, 2025 | Source: Economist - Finance favicon Economist - Finance

The new economics of babymaking

A postcard from one of America’s youngest towns

Published on: October 16, 2025 | Source: Economist - Finance favicon Economist - Finance

South Korea's Kospi hits record high on trade deal optimism, IMF growth forecast upgrade

The IMF raised its growth projection for the global economy as the impact of U.S. tariffs on was "at the modest end of the range."

Published on: October 16, 2025 | Source: CNBC International favicon CNBC International

UK economy sleepwalking after yet another lackluster growth update

The slowdown in growth this year is not a surprise, with economists forecasting a moderation in economic activity.

Published on: October 16, 2025 | Source: CNBC International favicon CNBC International

Trump says Modi assured him India will stop Russian oil purchases, but timeline unclear

Trump said Washington was unhappy with New Delhi's purchases of Russian crude because it allowed Moscow to continue waging its "ridiculous war" in Ukraine.

Published on: October 16, 2025 | Source: CNBC International favicon CNBC International

Flyers once viewed airport biometrics with fear and skepticism. Now they prefer it

Biometric screenings at airports are now preferred and expected by travelers, despite lingering concerns, according to a global survey.

Published on: October 16, 2025 | Source: CNBC International favicon CNBC International

CNBC Daily Open: Strong bank earnings seem to overshadow escalating trade war

Whether traders continue pushing equities to highs amid fractious relations with China will depend, in part, on the earnings of major technology companies.

Published on: October 16, 2025 | Source: CNBC International favicon CNBC International

Asia-Pacific markets rise, tracking Wall Street gains on strong bank earnings

Investors in Asia will look to Australia's jobs data for September due out later in the day.

Published on: October 16, 2025 | Source: CNBC International favicon CNBC International

US aims to cool Gaza ceasefire β€˜provocations’ during tenuous truce

Israel receives bodies of two more hostages, with 19 yet to be handed over

Published on: October 15, 2025 | Source: Financial Times - World favicon Financial Times - World

CNBC's The China Connection newsletter: Beijing gears up for a big strategy meeting as tensions with Washington deepen

Beijing will discuss goals for tech and economic development at a five-year planning meeting next week.

Published on: October 15, 2025 | Source: CNBC International favicon CNBC International

Trump says Modi pledged India would stop buying Russian oil

Move could ease trade tensions between Washington and New Delhi, which have been in a stalemate since August

Published on: October 15, 2025 | Source: Financial Times - World favicon Financial Times - World

Reeves needs to fill Β£22bn hole in UK public finances, IFS says

Think-tank’s report raises pressure on chancellor to raise income tax at Budget on November 26

Published on: October 15, 2025 | Source: Financial Times - World favicon Financial Times - World