Economics
President Donald Trump said the U.S. and Canada were close to a new trade deal in the White House with Canadian Prime Minister Mark Carney, but offered no tariff concessions.
The European Commission proposed doubling steel import tariffs to 50% and halving tariff‑free quotas to curb Chinese oversupply and protect EU steelmakers.
Gold prices topped $4,000 an ounce for the first time in New York, as investors snapped up metal as a safe haven amid U.S. political uncertainty and rising global debt.
Amazon held its Prime Day sale Oct. 7–8, offering steep tech discounts — up to 60% on laptops — and deep cuts on Amazon devices, Apple and JBL products.
The World Trade Organization raised its 2025 global trade forecast, saying AI-driven demand and U.S. tariff‑induced front‑loading boosted growth but warned trade would slow in 2026.
BMW cut its annual profit guidance, citing weak sales in China and higher-than-expected US tariff costs, just hours after reporting higher deliveries.
FC Barcelona routed Bayern Munich 7-1 in Barcelona in the Women's Champions League opener, with captain Alexia Putellas scoring and providing two assists.
U.S. stock indexes hit record highs then plunged after a Federal Reserve report, as investors pulled back amid rising fears of an AI-driven market downturn.
Investor Erich Schwaiger bought several top pedestrian‑zone properties in Munich within days, prompting the real‑estate industry to question where the funds for the rapid purchases came from.
Germany risked an EU deficit procedure after the finance ministry projected large 2026 budget deficits, despite an EU defense-spending exception, and debt neared 80 percent.
