Gold suffered its biggest one-day loss since the start of the Covid pandemic, only a day after setting a record high (DAVID GRAY/yahoo.com) NEW YORK — Most stock markets extended gains Tuesday on signs that China-US trade tensions were easing and as investors digested a deluge of generally good earnings. …
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Massive Amazon cloud outage has been resolved after disrupting internet use worldwide
FILE – An AWS, Amazon Web Services, logo is displayed at LlamaCon 2025, an AI developer conference, in Menlo Park, Calif., Tuesday, April 29, 2025. (AP Photo/Jeff Chiu, File) LONDON — Amazon says a massive outage of its cloud computing service has been resolved as of Monday evening, after a …
Read More »Equities rally on China-US hopes, new Japanese PM lifts Tokyo
A man walks past an electronic quotation board displaying numbers of the Nikkei Stock Average on the Tokyo Stock Exchange in Tokyo on October 20, 2025. (Photo by Kazuhiro NOGI / AFP) HONG KONG — Stocks extended gains Tuesday on further signs that China-US trade tensions were easing, with Tokyo …
Read More »China’s key trade negotiator removed from WTO post
Chinese trade negotiator Li Chenggang attends a press conference on the day of U.S.-China talks on trade, economic and national security issues, in Madrid, Spain, September 15, 2025. REUTERS/Louiza Vradi BEIJING — Senior Chinese trade negotiator Li Chenggang has been removed from his post as China’s permanent representative to the …
Read More »Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports
Chinese regulators including the People’s Bank of China have advised tech giants not to move ahead with issuing stablecoins © Costfoto/NurPhoto/Getty Images CHINESE tech giants, including Alibaba-backed Ant Group and e-commerce group JD.com, have paused plans to issue stablecoins in Hong Kong after the government raised concerns about the rise of …
Read More »Nvidia CEO Jensen Huang to attend APEC CEO Summit in South Korea
Nvidia CEO Jensen Huang attends a press conference by US President Donald Trump and UK Prime Minister Keir Starmer at Chequers at the conclusion of a state visit on Sept. 18, 2025, in Aylesbury, England. REUTERS PHOTO SEOUL — Nvidia CEO Jensen Huang plans to meet “global leaders and top …
Read More »US jury issues $20M verdict against French bank BNP Paribas over Sudanese atrocities
A FEDERAL jury in New York has issued a nearly $21 million verdict against France’s largest bank for giving the Sudanese government access to the US financial system as it engaged in atrocities two decades ago. The woman and two men who obtained the verdict against BNP Paribas S.A. are …
Read More »As gold surges, some popular Canadian jewelry brands are increasing their prices
Some Canadian jewelry brands are raising their prices as a surge in demand for gold — incited by investors’ fears of a shaky economic outlook — pushes the market for this precious metal to record highs. Others are relying on supplier discounts, rethinking designs as prices hit record highs. Some …
Read More »‘New credit card users to drive lending growth’
The study, presented during TransUnion’s inaugural Philippines Financial Services Summit, found that one in every two new credit cards opened in 2024 was issued to a first-time cardholder, signaling the importance of credit cards in promoting financial inclusion (Businessworld / PJCOMP-FREEPIK) MANILA, Philippines — New-to-card consumers, or Filipinos opening their …
Read More »Withering vines: California grape farmers abandon fields as local wine struggles
LODI — For more than a century, Lodi’s grape growers have supplied the old wineries that make this Californian city famous. But rocketing costs, falling demand and competition from imports mean some are now abandoning their vineyards. Randy Baranek, whose family has farmed these hillsides for generations, said thousands of …
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