Warren Buffett's Berkshire Hathaway is acquiring Occidental's OxyChem for $9.7 billion. This strategic move strengthens Berkshire's portfolio, benefits its OXY stake, and deploys its massive cash hoard just months before his retirement.

LUXEMBOURG – In a stark assessment of the shifting security landscape, Luxembourg's Prime Minister Luc Frieden has labeled Russia a "permanent threat to European security." The declaration comes as EU leaders convene to debate ambitious new defense measures, including a proposed "drone wall" along the bloc's eastern flank.

In a positive signal for the global economy, China's manufacturing sector showed unexpected signs of life in September, with a key activity gauge hitting its highest level in six months. The latest official data paints a picture of an industrial landscape beginning to stabilize, bolstered by government efforts to rein in challenges, even as domestic demand remains sluggish.

While China’s macroeconomic indicators continue to struggle for stability, the country’s stock market has exploded with astonishing strength. This “vertical rally” is prompting a critical question among global investors: Is this the dawn of a new era — or simply a bubble inflated by pure expectations?

While many major European economies are struggling to regain momentum, Spain has emerged as a standout performer, earning a rare “hat-trick” of credit rating upgrades from Fitch, Moody’s, and S&P Global — three of the world’s leading agencies.

The British government has announced a £1.5 billion ($2 billion) loan guarantee for luxury carmaker Jaguar Land Rover (JLR), aimed at rescuing its supply chain and protecting thousands of skilled jobs. The decision comes after a devastating cyberattack forced the company to shut down production for nearly a month, sending shockwaves across the UK automotive sector.

German airline giant Lufthansa, long considered one of Europe’s flag carriers and a symbol of national pride, is preparing to slash about 20% of its office workforce. The move, expected to affect thousands of employees, is part of a broader restructuring plan aimed at reducing costs amid falling revenues and intensifying competition in the aviation sector.

The United States is moving forward with a potential $20 billion currency swap agreement with Argentina’s central bank, a step aimed at stabilizing the peso and easing the country’s financial turmoil.

September 25 – Palestinian President Mahmoud Abbas has pledged cooperation with the United States, Saudi Arabia, France, the United Nations (UN), and other international partners to implement a peace plan for Gaza. The announcement, delivered via video address to the UN General Assembly, comes amid ongoing conflict between Israel and Hamas and mounting calls for a durable solution in the region.

The Trump administration has expanded its national security investigations into a wide range of imports, including robotics, industrial machinery, and medical supplies. The move could pave the way for new tariffs that may raise costs for U.S. consumers, hospitals, and manufacturers.

European markets opened lower midweek as most sectors slipped into the red. Yet, defense stocks emerged as a striking exception, rallying sharply after U.S. President Donald Trump made bold statements on the ongoing Russia–Ukraine conflict.

As the global race for semiconductor self-reliance accelerates, India is placing a bold bet. The country has announced investments of 1.6 trillion rupees ($18.2 billion) to establish a domestic chip ecosystem — from design and fabrication to testing and packaging — aiming to become a significant player in the world’s most critical technology sector.