Economy
All the news in this section, from newest to oldest.
The United States blocks products from three Chinese DNA giants over forced labor
The U.S. government added BGI Group, BGI Genomics and MGI Tech to its forced labor blacklist. Since October 29, their products cannot enter the country unless the importer proves no forced labor was involved.
The ECB freezes rates at 2.5% and Christine Lagarde announces she is leaving early
The European Central Bank leaves rates unchanged, but analysts expect a hike in December because inflation reached 3.8%. Hours earlier, Lagarde announced she will leave the bank on February 7, 2027, nine months before the end of her term.
The US economy grows 3.4%, more than expected, five days before the election
GDP grew much faster between July and September than in spring, pushed by consumer spending and investment. Imports soared. The data comes just before the November 3 midterm elections.
The Federal Reserve leaves rates alone, but warns they could rise again in December
Kevin Warsh's Fed keeps rates between 3.75% and 4% because inflation is still high. What it means for your loans, your credit card and your savings, six days before the election.