Trump met with top congressional leaders from both parties, Washington, D.C., September 29, 2025. REUTERS/Nathan Howard |
- Trump secured Israeli Prime Minister Benjamin Netanyahu's backing for a US-sponsored peace proposal to end a nearly two-year-old war in Gaza, but questions loomed over whether Hamas would accept the plan.
- British Prime Minister Keir Starmer will call on his Labour Party to unite, saying it was engaged in a "fight for the soul of our country" that would be long, difficult and not always comfortable.
- Indonesian rescuers are racing to find 38 people feared trapped beneath the rubble of an Islamic boarding school that collapsed in East Java during afternoon prayers, killing three, according to disaster officials.
- Madagascar President Andry Rajoelina said he was dissolving the government following youth-led protests over water and power cuts in which the United Nations says at least 22 people have been killed and more than 100 injured.
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- Wall Street is set to close one of its calmest quarters in nearly six years, and the lull after a volatile start to 2025 has many market participants increasingly alert for renewed market gyrations.
- Gold prices hit a fresh high and were poised to log their best month in nearly 16 years, as fears of a potential US government shutdown and growing expectations of further Federal Reserve rate cuts boosted demand for the metal. For more, watch our daily market rundown.
- Four NATO and European Union countries bordering Russia plan to build concrete bunkers and anti-drone nets at vital energy facilities under a plan to protect their power grids following Russian drone incursions.
- Two auto sector bankruptcies have rattled parts of the US credit market, raising concerns about a deterioration in the financial health of low-income households and migrant communities.
- Alphabet-owned YouTube has agreed to pay $24.5 million to settle a lawsuit that Trump brought against the company over the suspension of his account following the January 2021 US Capitol riots, a court filing showed.
- Trump said he was slapping 10% tariffs on imported timber and lumber and 25% duties on kitchen cabinets, bathroom vanities and upholstered furniture, continuing his tariff assault on global trading partners.
- The White House is negotiating with trading partners while US-China commerce seizes up. In this episode of The Big View podcast, Professor Simon Evenett of IMD Business School explains how the tense discussions might play out, and where they will leave the global trade system.
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Trump visa curbs push US firms to consider shifting more work to India |
Trump followers have posted violent comments about New York Justice Arthur Engoron on Trump-aligned websites — REUTERS/Shannon Stapleton/Pool |
Donald Trump's H-1B visa crackdown will hasten US firms' shift of critical work to India, turbocharging the growth of global capability centres that handle operations from finance to research and development, economists and industry insiders say. The world's fifth-largest economy is home to 1,700 GCCs, or more than half the global tally. If Trump's visa curbs go unchallenged, industry experts expect US firms to shift high-end work tied to AI, product development, cybersecurity, and analytics to their India GCCs, choosing to keep strategic functions in-house over outsourcing. |
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Labubu toys on display at Pop Mart's booth at China International Fair for Trade in Services, Beijing, China, September 10, 2025. REUTERS/Maxim Shemetov |
China's Pop Mart is borrowing from Disney's playbook to turn toothy monster Labubu's blockbuster sales into long-term success, Executive Director and co-COO Si De told Reuters in a rare interview. |
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