Business
The IMF projected Greek growth would slow to 2% in 2025, forecasting unemployment declines but noting Greece remained a high-debt country alongside Spain, Cyprus and Portugal.
The IMF warned global financial stability faced risks from inflated equity and corporate bond valuations, $4.5 trillion exposure to shadow banking and volatility in AI stocks, urging tighter oversight.
Federal Reserve Chair Jerome Powell signaled support for further interest-rate cuts as US jobs cooled and inflation expectations neared the 2 percent goal, prompting gains in Asian markets.
Consumer prices fell in September, with Swedish food costs down 0.8% month‑on‑month and China seeing larger‑than‑expected CPI declines amid weak domestic demand.
Stellantis announced a $13 billion investment in the United States to build five new models and create 5,000 jobs in Illinois, Ohio, Michigan and Indiana.
Gold surged to a record near $4,200 an ounce as investors sought a safe haven amid political uncertainty and speculation of further US interest-rate cuts.
U.S. stocks rallied to close higher after Fed remarks and strong bank results as earnings season began, though the IMF warned markets were complacent and risked a sharp correction.
Stellantis announced a €13 billion investment in the United States to build five new models and create 5,000 jobs, its largest U.S. investment in the company's 100-year history.
LVMH returned to growth in the third quarter of 2025, with sales up 1% after a first-half decline, and its shares surged 12%, the Financial Times reported.
Fendi named Maria Grazia Chiuri its new creative director, returning to the Roman house where she began her career and replacing longtime designer Silvia Venturini Fendi.
René Benko, founder of Signa, faced trial in Innsbruck after the WKStA accused him of concealing assets and harming creditors; he pleaded not guilty as witnesses testified.
ThyssenKrupp will list its marine subsidiary TKMS on the Frankfurt stock exchange on 20 October, retaining control while offering investors generous dividend plans.
JPMorgan Chase, Goldman Sachs and Citigroup posted bumper profits as dealmaking and trading lifted revenues, while executives cautioned that geopolitical risks and inflation could threaten markets.
The European Commission fined Gucci, Chloé and Loewe €157 million for fixing resale prices with independent retailers across the EU.
