People walk along a street in the rain ahead of Hurricane Melissa's landfall, in Santiago de Cuba. REUTERS/Norlys Perez |
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Workers move products during Cyber Monday at Amazon's fulfillment center in Robbinsville, New Jersey. REUTERS/Mike Segar/File Photo |
- Companies around the globe have ramped up job cuts, with blue-chips from Amazon to Nestle and UPS reining in spending while consumer sentiment dims and AI-focused tech companies start to replace jobs with automation.
- Spending updates this week from US megacap companies that are investing massively in artificial intelligence could jolt the AI trade that has been a primary driver of the record-breaking US stocks rally.
- Tesla critics hope to block the stratospheric compensation proposed for CEO Elon Musk but face an uphill fight. Investors in the electric vehicle maker will decide on November 6 whether to approve the pay package that is potentially worth $1 trillion.
- Nvidia is set to make history by becoming the first company to notch $5 trillion market value, extending a powerful rally that has cemented its place at the center of the artificial intelligence boom.
- The Federal Reserve is expected to cut interest rates by a quarter of a percentage point as policymakers steer the US economy based on limited data that has nevertheless kept concerns about the strength of the job market top of mind.
- Watch our daily rundown for more on global markets.
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Britain's populist Reform party faces local authority tests |
Reform UK Council Leader Mark Arnull walks on the high street of Daventry, Britain. REUTERS/Jaimi Joy |
Britain's Reform UK has surged in popularity on the back of fiery rhetoric against illegal immigrants, the European Union and the country's traditional ruling parties. But now some of its officials are juggling more mundane issues such as local taxes, refuse collection and filling in potholes, in a first test of the party's governing credentials. |
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A necklace with emeralds and rubies, from the "Treasure of San Gennaro" displayed at the Museum of the Treasure of San Gennaro in Naples. REUTERS/Ciro De Luca |
With the art world on high alert for any sign of the missing Louvre jewels, one Italian collection says its method of creating a photographic fingerprint of its own priceless gems and artefacts could make them harder to break apart and sell on. A team of gemology experts has spent more than a decade studying the most valuable pieces of the collection at Naples' Tesoro di San Gennaro. Using microscopes and specialized equipment, the team has photographed more than 10,000 stones. The process has allowed them to certify the unique characteristics of the gems to provide a kind of forensic fingerprint that experts liken to DNA. |
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