Gazprom gas cutoff leaves Transnistria without central heating
The Russian supplier ended flows after a Ukraine transit agreement expired, forcing the Moldovan breakaway region to restrict heat and hot water.
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US homelessness reaches a record high as housing costs and migration strain shelters
A federal count found more than 770,000 people experiencing homelessness in the US, the highest total since the annual survey began.
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China approves giant Tibet hydropower dam, raising concern downstream and in Tibet
Beijing has approved a massive dam on the Yarlung Tsangpo that could be the world's largest hydropower plant and has alarmed critics in Tibet, India and Bangladesh.
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UK economy flatlines in third quarter as Labour government’s growth pledge comes under pressure
Downward revisions left the British economy showing no growth in the third quarter, adding to pressure on the new government’s central economic promise.
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Biden administration withdraws two proposed student-debt relief rules
The abandoned plans could have reached more than 30 million borrowers, including people facing rising balances or severe hardship.
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Honda and Nissan set out holding-company plan as Japanese automakers seek greater scale
The proposed integration, potentially including Mitsubishi Motors, was intended to combine production and technology resources as Japan’s manufacturers confronted the shift toward electric vehicles.
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Spain’s El Gordo lottery pays out billions as Logroño shares top prize
The Christmas draw handed out the largest prize pool in the world, with residents of Logroño among those celebrating the top number.
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Puntland says it plans regional currency rollout in 2025
Puntland President Said Abdullahi Deni announced plans for a new regional currency, citing Somalia’s long-running monetary fragmentation.
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France slipped to Aa3 as political divisions clouded deficit plans
Moody’s lowered the sovereign rating shortly after François Bayrou became prime minister, warning that fragmented politics could obstruct lasting fiscal consolidation.
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Federal judge blocks Kroger’s $24.6 billion bid to buy Albertsons
A federal ruling in Oregon found the deal would reduce grocery competition, dealing a major blow to Kroger and Albertsons’ long-running merger plan.
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EU and Mercosur finalize trade deal after 25 years of talks
The agreement would create one of the world’s largest free-trade zones, but it still faces approval battles inside Europe.
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IG Metall plans longer Volkswagen strikes before next talks
The union says it will step up pressure with four-hour walkouts at nine sites ahead of a fourth round of negotiations.
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Bitcoin crosses $100,000 for the first time
The cryptocurrency reached a six-figure price after a post-election rally and expanding demand through exchange-traded funds.
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Shell and Equinor combine UK North Sea assets in 50-50 venture
The Aberdeen-based producer is expected to start above 140,000 barrels of oil equivalent a day and expand as new projects come online.
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Volkswagen workers strike across Germany as costs and closures loom
Thousands of workers walked out after IG Metall said the company’s plan to close plants and cut pensions had left no room for compromise.
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Stellantis to close Luton van factory, putting 1,100 jobs at risk
Event date November 26, 2024: The automaker said the Luton plant would shut, citing Britain’s business environment and leaving a major employment hole in town.
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Thyssenkrupp plans 11,000 job cuts as steelmaker shrinks output
The German steel group says it will reduce headcount by more than a third and scale back production as cheap imports pressure the business.
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Bosch planned 5,000 job reductions as automotive demand stalled
Most of the proposed cuts were set for Germany, where worker representatives challenged a restructuring tied to costs, technology investment and electric-vehicle production.
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Boeing begins layoffs within planned 17,000-job reduction
Notices reached 2,199 workers in Washington state as the aerospace manufacturer moved to cut roughly 10% of its global workforce.
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Texas judge halts final sale of InfoWars to The Onion
A hearing will review whether the bankruptcy auction was fair, after rivals challenged how the site was sold.
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Canada Post workers strike after bargaining talks collapse
Postal workers walked off the job after failing to reach a negotiated agreement, disrupting deliveries across Canada.
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Homebase collapses into administration, putting 2,000 jobs at risk
British DIY chain Homebase has fallen into administration, while a rival retailer buys most of the stores and the brand in a deal that leaves dozens of sites uncertain.
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IIF Warns Trump Tariffs Could Push Up U.S. Inflation and Rates
The Institute of International Finance says tariff-driven inflation would likely bring higher borrowing costs if Trump follows through on campaign promises.
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China lowers foreign investor threshold for listed companies to 50 million dollars
On the 2024-11-01 event date, China eased rules for foreign investment in listed companies by lowering the asset threshold for non-controlling investors to 50 million dollars.
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