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PPG to lay off 1,800 employees in cost-cut drive, sell coatings unit

By Vallari Srivastava (Reuters) -PPG Industries will lay off 1,800 employees in the U.S. and Europe and close plants as part of a cost-reduction program, the paints and coatings maker said on Thursday. The program focused on reducing structural costs in Europe and in certain other global businesses, along with other corporate expenses following recent …

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Blackstone tops profit estimate as its assets hit record, dealmaking picks up

By Echo Wang NEW YORK (Reuters) -Blackstone beat Wall Street’s expectations on its key quarterly earnings metric on Thursday, as the world’s largest alternative investment firm’s assets under management (AUM) hit a record $1.1 trillion and the value of its funds rose. New York-based Blackstone said it saw $41 billion of inflows during the third …

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Factbox-Democrats, Republicans battle over election rules in Harris-Trump contest

WASHINGTON (Reuters) -The U.S. presidential contest between Democrat Kamala Harris and Republican Donald Trump features an array of legal battles over how the votes are cast and counted that are likely to last beyond Election Day on Nov. 5. Here are some of the most significant voting-related disputes that are playing out in the seven …

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Nvidia hits record high as chip stocks rally on TSMC’s rosy AI-powered outlook

(Reuters) -Shares of Nvidia hit a record high amid a rally in U.S. chip stocks on Thursday after industry bellwether TSMC’s strong sales forecast boosted investor optimism about demand for processors used to power artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, raised its expectation for annual revenue growth and said …

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ECB lowers rates and eyes more cuts as economy sags

By Francesco Canepa and Balazs Koranyi (Reuters) – The European Central Bank cut interest rates on Thursday for the third time this year, saying inflation in the euro zone was increasingly under control while the outlook for the bloc’s economy was worsening. The first back-to-back rate cut in 13 years marks a shift in focus …

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Surge in Gaza violence increases famine risk, monitor says

By Lena Masri (Reuters) -The entire Gaza Strip remains at risk of famine and is experiencing emergency levels of hunger, with intense Israeli military operations adding to concerns and hampering humanitarian access, a global monitor said on Thursday. About 1.84 million people across the besieged Palestinian enclave are living through high levels of acute food …

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Cucinelli bucks gloomy industry trend with revenue rise

MILAN (Reuters) – Revenues at Brunello Cucinelli rose 12.7% at constant exchange rates in the first nine months of the year, driven by double digit growth in the Americas and in Asia, the Italian luxury group said on Thursday. As global demand for luxury goods slows, the Italian group keeps growing, helped by its focus …

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Bolsonaro’s party set on running him for Brazil presidency in 2026

By Anthony Boadle and Ricardo Brito BRASILIA (Reuters) – The leader of Brazil’s biggest right-wing party cannot speak to his candidate for the 2026 presidential election by court order, even though his office is across the corridor. Valdemar Costa Neto, head of the conservative Liberal Party (PL), has to call up when arriving at party …

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Ray-Ban maker EssilorLuxottica misses sales expectations as China slows

By Alban Kacher and Pauline Foret (Reuters) -Franco-Italian eyewear maker EssilorLuxottica missed third quarter revenue expectations on Thursday, dented by a slowdown in consumer spending in China. Group revenue for the three months ended Sept. 30 came in at 6.44 billion euros ($6.97 billion), below analysts’ forecasts of 6.58 billion euros, according to a Visible …

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Cows dead from bird flu rot in California as heat bakes dairy farms

By Leah Douglas (Reuters) – Cows in California are dying at much higher rates from bird flu than in other affected states, industry and veterinary experts said, and some carcasses have been left rotting in the sun as rendering plants struggle to process all the dead animals. Carcasses left in the open and picked over …

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