CompaniesGermany
Schaeffler to cut about 3,500 jobs in Europe, 2,660 in Germany
The car-parts maker confirmed on 3 November a plan to save about 300 million euros a year, as weaker orders from carmakers hit suppliers.
Bull Run Post: The economy that affects you
CompaniesGermany
Bayer lifts its 2026 EBITDA outlook, led by pharma and Nubeqa
The German group now expects 9.8 to 10.3 billion euros at constant currency, but it still reported a third-quarter net loss of 672 million.
Companies
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CompaniesUnited States
Palantir's revenue nearly doubles to $2.3bn and tops US government
For the first time, US commercial sales ($984m) exceeded US government sales ($953m). Palantir also raised its full-year revenue guidance to about $8.53bn.
Analysis and opinion
MarketsAnalysisIran, United States
Oil slides on Monday as talk of a US-Iran way out returns
WTI touched $95.15 a barrel, its lowest since 15 October, according to crypto news site Cointelegraph. The sources we read tie the fall to diplomacy with Iran, and no official confirmation of any deal has been reported.
EconomyAnalysisEurope, Spain
Euro area deficit holds at 3.0% in 2025: who is within the limit
Eurostat puts the euro area deficit at 3.0% of GDP and debt at 87.7%. Spain stands at 2.4%; France and ten other states are at 3% or above.
Highlights
EconomyUnited Kingdom, Oman
Oman and the UK: what is firm behind the £1 billion headline
The announcement combines a memorandum for a data centre with no timetable, a £7 billion export credit ceiling that is not loans, and a Gulf trade treaty still unsigned.
EconomyChina
China's economy grows 4.5% in Q3 as consumer spending stays weak
GDP edges past forecasts, but retail sales rose just 1.1% in September and fixed-asset investment is down 7.2% over nine months.
CryptoUnited States
Coinbase and Strategy profit from crypto gains; shares fall afterwards
Two Nasdaq-listed crypto stocks reported profits tied to the value of their crypto holdings on 29 October, with lower revenue. A day later they fell, with the Binance theft in the background.
CryptoWorld
Binance theft: what has been frozen and what has not
Elliptic puts the frozen or seized share at $2.85 billion, 44% of the total. It says stablecoins can be blocked and bitcoin and ether cannot, which matters to anyone who keeps money on an exchange.
Your moneySpain
Spain's IRPH mortgage index rises to 3.189% in September
The official gazette publishes the index some Spanish variable-rate mortgages follow. It is up from 3.134% in August, and 12-month Euribor rose from 2.954% to 3.247%.
CryptoSouth Korea, World
Bank of Korea and the FATF look at how much crypto risk is in the system
South Korea's central bank is asking 31 institutions about their entry into the crypto market and its risks, and the global anti-money-laundering body will review jurisdictions with significant activity, South Korea among them.