The Global Economic News

President Donald Trump and Chinese leader Xi Jinping 's aims of bolstering trade stability and clinching economic wins could be scrambled by a roiling debate over artificial intelligence , as well as shifting U.S. tariffs and an Iran war-related sanctions operation. The two leaders are expected to seek ways to strengthen their fragile trade truce when they meet in Washington for their second face-to-face summit this year. Despite gestures of goodwill surrounding the lead-up to the summit, the two sides continue to lob accusations and launch retaliatory trade actions . Treasury Secretary Scott Bessent, in an interview with CNBC's " Squawk Box " on Monday, said the "great respect" Trump and Xi have for each other trickles down to broader U.S.-China negotiations. He then noted, "We had some deliverables that have not been completely fulfilled" by China as part of a trade agreement Trump and Xi reached in Busan, South Korea, nearly a year ago. Some Ch...

Image source, Getty Images By Mitchell Labiak , Business reporter and Jim Connolly , BBC News Investigations Published 38 minutes ago Written prescription fees from vets will be capped at 21 as part of a raft of changes that practices will be legally required to bring in over the coming months. Vets must also tell clients if cheaper medicine is available online, write price estimates ahead of treatment, and publish price lists for services as part of the rule updates. The official competition watchdog has brought the measures into force after its investigation into the sector found prices had been rising at nearly twice the rate of inflation. However, critics say the measures will hit independent vets hardest and will benefit the six firms that own more than two-thirds of practices. The Competition and Markets Authority (CMA) made its remedies for the sector legally binding as of Tuesday and vets have up to 12 months to bring all the changes in. As well as capping prescription fees, o...

Image source, PA Media By Theo Leggett Business correspondent Published 6 hours ago To have one air traffic control failure in a fortnight may be regarded as a misfortune, to have two looks like carelessness. The UK's air traffic services provider is coming in for a wave of criticism at the moment, so where is it all leading? The incident at the Nats main control centre in Swanwick earlier this month was extremely serious. It caused more than 2,000 flight cancellations over two days, affecting hundreds of thousands of passengers . Some were left sleeping on airport floors, others were stranded in foreign airports. Monday's failure at the Prestwick centre, which looks after air traffic in Scotland, northern England and northern Ireland was not as dramatic. But according to the aviation analytics company Cirium, it still led to about 150 flights being cancelled and many other delays affecting tens of thousands of travellers. The first failure this month was attributed to a prev...

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Brian Chesky once hot-glued 1,000 cereal boxes and sold them at $40 each to keep Airbnb alive Sam Bourgi Sun, September 20, 2026 at 4:30 AM PDT 5 min read ABNB Taylor Hill/Getty Images Airbnb (Nasdaq:ABNB) is now a global lodging giant with more than 9 million active listings across 220 countries and regions. But in 2008, the company was running out of money and investors weren't interested. Its founders then turned to an unlikely way to keep it alive selling cereal boxes. Chesky and his cofounders created 1,000 election-themed cereal boxes and sold them as collectors' items for $40 apiece. In a 2023 interview with the Stanford Graduate School of Business, CEO Chesky said the stunt brought in roughly $30,000, giving the struggling startup a badly needed infusion of cash. Must Read Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 6 ways to build wealth like a landlord without actually being one Dave Ramsey warns nearly 50% of Americans a...

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Nissan Motor is looking to increase its U.S. production as it launches the 2027 Rogue crossover, including with a new hybrid model that the company views as a crucial offering for American consumers. "We're now maxing out the production capacity in the U.S.," Christian Meunier, chairman of Nissan Americas, told CNBC. "The next step is going to be three shifts, and I'm pretty optimistic that with the launch of the new Rogue that is happening in the next couple months, we'll be able to do that pretty quickly with the launch of the hybrid." The Japanese automaker currently produces the Rogue alongside other Nissan and Infiniti crossovers at a 6 million-square-foot assembly plant on two production shifts in Smyrna, Tennessee . It also has another large manufacturing plant producing the Nissan Altima sedan and Frontier midsize pickup truck in Canton, Mississippi. Additional production at assembly plants typically means hundreds, if not thousands, of new jobs...

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Stocks making the biggest moves premarket: PSKY, WBD, ACN, NVO Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: Paramount , Warner Bros. Discovery Shares jumped over 5.8% and 7%, respectively after The Wall Street Journal reported over the weekend that Paramount and California's Attorney General Rob Bonta discussed settlement details over a lawsuit that was blocking the merger between the two media giants. Accenture Shares for the professional services company jumped over 6% after Accenture said Friday it would partner with Anthropic and evaluate the AI company's models. Both companies would invest at least $1 billion for "building capacity in this area," according to Anthropic's announcement. It comes after Anthropic CEO Dario Amodei pushed to slow down AI development. Novo Shares slid nearly 5% after investors were left unimpressed...

Clorox vs. Kimberly-Clark: Which Household Staples Dividend Is Safer Chris Lange Mon, September 21, 2026 at 6:19 AM PDT 5 min read KMB CLX Quick Read Clorox (CLX) CFO Luc Bellet called the 5.86%-yielding dividend "a bit elevated," while Kimberly-Clark (KMB) covers its payout with nearly $1B of cash flow headroom. KMB's 54-year consecutive dividend raise streak and international segment growth make it the safer income pick despite CLX's higher nominal yield. Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Kimberly-Clark didn't make the cut. Enter your email to see the names that beat KMB. The report is free. Enter your email and see if any of your stocks made the cut. For a retiree weighing Clorox ( NYSE:CLX ) against Kimberly-Clark ( NASDAQ:KMB ), the question comes down to which of these two household-staples dividends is genuinely safer to own right now. Both are aristocrats. Only one is built to ke...

Tokenized Equities and AI Disruption Threaten Broadridge Financial Solutions’ (BR) Market Share Soumya Eswaran Mon, September 21, 2026 at 5:26 AM PDT 3 min read BR Fenimore Asset Management , an investment management company, released its Q2 2026 investor letter. The letter can be downloaded here . U.S. equity markets saw broad gains in Q2, driven by strong corporate earnings, economic resilience, and enthusiasm for artificial intelligence (AI). Major indices reached all-time highs, though the energy sector declined. Continued earnings growth, especially among AI-related investments, supported the rally. Technology, particularly semiconductors, led performance as demand for AI infrastructure surged. The Dividend Focus Fund rose 6.89% in the quarter, underperforming the Russell Midcap Index at 13.83%. Technology holdings delivered mixed performance in the quarter, with semiconductors surging, software falling on AI fears, while healthcare stocks lagged as investors favored riskier asse...

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Image source, AFP via Getty Images Published 31 May 2022 Updated 6 minutes ago Flights in Scotland, Northern Ireland and northern England have been affected by air traffic control issues the second major disruption at UK airports in a few weeks. When a flight is cancelled or delayed, passengers affected have various rights, such as a refund or an alternative flight at no extra cost. However, these can vary depending on which carrier you are flying with and from where. Extra compensation is payable only when an airline is at fault, which is not the case with air traffic control problems. Here's what it means for you. What do airlines have to offer passengers? Under UK law, airlines have a duty to look after you when flights are delayed or cancelled. The reason for the delay or cancellation does not matter. So anyone affected by the air transport delays will be eligible. That includes providing meals and accommodation, if necessary, and getting you to your destination. The airline s...

Novo Nordisk stock gets drilled on pipeline concerns its CEO sees this as the main problem Brian Sozzi Executive Editor Mon, September 21, 2026 at 2:19 AM PDT 2 min read NVO Novo Nordisk ( NVO ) shares are slimming down. Shares of the Wegovy maker tanked more than 5% on Monday as the company failed to impress Wall Street at its capital markets day. The company came up short by not sharing more specifics around near-term growth targets amid fierce competition in the weight loss drug market. The company said it's targeting more than $23 billion in pipeline sales by 2035. It has plans to launch more than five potential multi-blockbusters by the end of the decade. "We have a situation where competition, as we are seeing it, has never been at least in Novo's historical back. For decades long, this company operated in what you could argue as a duopoly often. Thanks to us, we created an incredibly attractive market, and now almost every other single pharma company, big or small,...

Chinese biopharma stocks jumped in Hong Kong on Monday after a report that the U.S. is considering rules that would allow American pharmaceutical companies to continue licensing most drugs from Chinese firms. Innovent Biologics jumped 6%, while Akeso surged 8% and CSPC Pharmaceutical Group gained more than 6%. HUTCHMED climbed 3%, while Sino Biopharmaceutical added 8%. The Hang Seng Biotech Index was also up more than 5%. The moves followed a Reuters report Friday, citing people briefed on the process, that the U.S. Treasury Department is drafting rules that would likely allow American pharmaceutical companies to invest in promising new drugs being developed by Chinese firms, excluding those related to pathogens or biotechnology that could be weaponized. The rules have not been finalized and remain subject to change, said the report. That would put biopharma on a different track from sectors such as artificial intelligence and semiconductors, where the U.S. has tightened restrictions ...

Image source, Valerie Macon/AFP via Getty Images By Faisal Islam Economics editor Published 2 hours ago The UK should "team up" with a proposed economic alliance between Canada and Europe, Canadian Finance Minister François-Philippe Champagne has said. "This is all about the substance, to build an alliance of the future," he told the BBC. "The world has changed. America has changed. So we need to change." Champagne also gave a frank assessment of the Canada-US trade war after a deal collapsed last month, saying the country had "stood up for our industries, our workers, our country" by imposing tariffs. His comments come after European Commission President Ursula von der Leyen proposed "opening the door" to an associate EU membership for Canada , an unprecedented move for the bloc. Canadian Prime Minister Mark Carney's visit to address the European Union in Strasbourg , shortly after von der Leyen's proposal was made, was "...

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