USDCNY: US Dollar / Chinese Yuan Live Price Graph

Spanish pensioner whose eviction sparked nationwide protests dies, union says

Maricarmen Abascal, 87, was forcibly removed on a stretcher from her apartment of more than 70 years in September.

Oct 7, 2026, 7:16 PM

Fed Used Treasury Funds to Support Yen in Joint Intervention

The Federal Reserve said on Wednesday that the US participation with Japan in intervening to support the Japanese yen in late July was a Treasury Department move, and that its own funds weren’t involved.

Oct 7, 2026, 7:03 PM

Hertz Lenders Team Up With Advisers as Possible Debt Fight Looms

Creditors to Hertz Global Holdings Inc. are organizing across at least two groups, bracing for potential negotiations with the car rental company over its billions of dollars of debt that comes due over the next few years, according to people familiar with the matter.

Oct 7, 2026, 6:35 PM

SpaceX credit risk jumps on worries over its borrowing spree

Leap in credit default swaps tracking Elon Musk’s aerospace group follows an FT report that it is seeking to raise $40bn to buy Nvidia chips

Oct 7, 2026, 6:05 PM

Ex-Barclays traders jailed for rigging interest rates have convictions quashed

Acquittals of five former bankers come year after supreme court overturned ruling against City trader Tom HayesFive more former traders who were jailed for rigging interest rates have had their convictions quashed by the court of appeal in London, after a long battle to clear their names.The court overturned the convictions of Jay Vijay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon and Colin Bermingham – all of whom worked at Barclays. Continue reading...

Oct 7, 2026, 3:19 PM

Will the Zuckerberg, Musk and Altman movies make a dent on tech giant evangelism?

The triple release of The Social Reckoning, Musk and Artificial is less a clear political stance, more like movie studio opportunismHollywood is sending a clear message: it’s a friend of tech. Netflix is no longer a lone disruptor: historic studio MGM is now the property of Amazon’s Jeff Bezos; David Ellison’s takeover of Paramount and subsequent Warner Bros merger was supported by his tech giant father; and Apple TV has acted as a patron for multiple film-maker passion projects. Everyone, including trendy auteur-factory A24, is tying themselves financially to AI.The enormous pull of the tech industry – including its many trillions of dollars, oversized influence on politics and heavily pushed algorithms and AI products – means Hollywood is not alone in courting its wealth, but it has intensified the historic tension between art and commerce in the entertainment business. Technology that augments the human experience may be a compelling narrative subject, but this year brings a trio of films about the gurus responsible for the industry’s false promises. Continue reading...

Oct 7, 2026, 1:43 PM

French central bank chief says ECB intervention not needed to ease bond rout

Emmanuel Moulin also hit out at ‘Trump-style’ threats against him from the far-left

Oct 7, 2026, 12:19 PM

The Hidden Policies That Power China’s Export Boom

Huge tax breaks and a weak currency sustain exports, widen the government budget deficit and complicate the country’s efforts to rebalance its economy.

Oct 6, 2026, 11:45 AM

A Supreme Court Battle Over Climate Change Begins

The justices are about to hear a lawsuit that could determine whether the oil industry faces billions of dollars in liability for damages caused by global warming.

Oct 5, 2026, 3:29 PM

AI boom could trigger market shocks, Bank of England boss warns

Andrew Bailey says the central bank is watching the waves of cash being invested in artificial intelligence "very carefully".

Oct 1, 2026, 10:05 AM