Federal Reserve Bank of Boston President Susan Collins said further interest-rate increases are possible and borrowing costs may need to stay higher for longer than previously expected for the US central bank to achieve its 2% inflation goal.
United Auto Workers President Shawn Fain is expected to announce progress at the bargaining table with Ford Motor Co., an indication the union may not expand its strike targeting the automaker, said two people familiar with he matter.
Intel Corp. was slapped with a fresh €376.36 million ($400 million) fine by European Union antitrust regulators after an EU court had wiped out a one-time record €1.06 billion penalty against the chipmaker.
Private-sector activity in the euro area has continued to shrink in September, suggesting the economy contracted in the current quarter.
California’s insurance commissioner announced a new regulatory plan backed by the industry that would allow insurers to factor future climate risks into their pricing and require them to offer more coverage in fire-prone areas.
Dutch airline KLM warned that proposals from the Dutch parliament’s lower house to tax transfer passengers will be detrimental for flight connections in the Netherlands, where the Amsterdam Schiphol hub has carved out a major business connecting global travelers.
Canadian consumers appear to be quickly rolling back their spending as the Bank of Canada’s higher interest rates start to bite into more household budgets.
Germany expressed its support for the European Union’s anti-subsidy probe into Chinese electric vehicles while making it clear that the burden of proof will be “very high” if the investigation is to lead to concrete action.
Amazon.com Inc., following other streaming platforms looking to further monetize their content, will run ads on its Prime Video service in key markets – a move that will help offset rising costs and provide a boost to an already robust advertising business.
Malaysia’s state oil giant Petroliam Nasional Bhd. is nearing a deal to acquire a minority stake in the ammonia unit of India’s AM Green for about $1.6 billion, according to people familiar with the matter.
