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Australia’s third-largest lender, Westpac Banking Corp, announced its annual profit fell to A$6.99 billion for the year ending September 30, 2025, down from A$7.11 billion a year earlier. Despite the dip, the result surpassed analysts’ expectations of around A$6.83 billion. The bank pointed to intense competition in the home-loan market and a narrowing net interest…
A coalition of major investors overseeing approximately US $18 trillion in assets is calling for the creation of a new agency to monitor the global minerals market. Modeled after the International Energy Agency (IEA), the proposed International Minerals Agency (IMA) would track global demand and supply of critical minerals. These include lithium, cobalt and others…
Donald Trump sat down with Norah O’Donnell at his Mar-a-Lago estate for an exclusive interview airing on 60 Minutes this Sunday. This marks Trump’s first sit-down with the program since his network, CBS News, parent company settled a lawsuit. Earlier this year, CBS’s parent company agreed to a roughly US $16 million settlement with the…
Global markets kicked off Monday with a cautious tone as investors shifted focus to private jobs data in the U.S., due to the ongoing government shutdown delaying official employment figures. The U.S. dollar held near a three-month high, reflecting expectations that the Federal Reserve may delay further rate cuts. Meanwhile, the euro hovered at its…
The U.S. dollar hovered near a three-month peak on Monday as investors awaited critical U.S. economic releases. These data points are seen as decisive for the Federal Reserve’s next move on interest rates. Markets have scaled back expectations for a December rate cut following a recent 25-basis-point reduction and hawkish commentary from the Fed. Currency…
ExxonMobil CEO Darren Woods has warned that the company may pull out of Europe if the Corporate Sustainability Due Diligence Directive (CSDDD) is not significantly revised. The directive, adopted by the European Union, requires companies operating in the bloc to tackle human-rights and environmental risks across global supply chains. Firms found non-compliant could face fines…
France’s consumer regulator has reported fast-fashion company SHEIN to prosecutors after the discovery of online listings for sex dolls with “childlike appearance.” The regulator, DGCCRF, said the products’ descriptions and categories made it hard to dismiss their child-pornography nature. In response, SHEIN said the items were immediately removed upon detection. The company is now reviewing…
Amazon reported its third quarter results with revenue of $180.2 billion, up 13% year-over-year. Earnings per share reached $1.95, beating expectations and showing strong profit growth. The standout was AWS (Amazon Web Services), which posted $33 billion in revenue—up 20%—and marked its fastest growth since 2022. The cloud unit also delivered more than half of…
The U.S. government shutdown is now in its fourth week, and pressure on the aviation system is increasing every day. Thousands of airport workers, including air traffic controllers and TSA officers, are still on duty but are not being paid. Airlines warn the situation is becoming serious. Delta Air Lines says the shutdown is costing…
Major U.S. cannabis stocks surged this week after Donald Trump hinted at loosening federal rules on marijuana. On Sunday, he posted a video highlighting potential health benefits of hemp-derived cannabidiol (CBD), especially for seniors. Trump’s remarks follow earlier comments that he is exploring reclassifying cannabis from Schedule I to Schedule III — a change that…
