Kering Stock Surges on Positive Quarterly Results and Strategic Overhaul Paris, October 23, 2025 — Shares of French luxury powerhouse Kering (PRTP.PA) — owner of iconic brands including Gucci, Yves Saint Laurent, and Bottega Veneta — soared as much as 9% in early Paris trading on Thursday after reporting better-than-expected quarterly sales. The smaller-than-forecast revenue…

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European Shares Gain Ground as Earnings and Energy Sector Drive Optimism London, October 23, 2025 — European stock markets climbed modestly on Thursday, supported by a flurry of upbeat corporate earnings and rising energy shares, even as investors monitored ongoing U.S.-China trade tensions and the latest Western sanctions on Russia. The pan-European STOXX 600 index…

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BOJ Flags Signs of Stock Market Overheating Amid Record Nikkei Rally Tokyo, October 23, 2025 — The Bank of Japan (BOJ) issued a stark warning on Thursday, noting that Japan’s surging stock market is showing early signs of overheating. The central bank’s latest Financial System Report cautioned that rising speculation, fueled by foreign hedge funds…

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Markets Rally on Corporate Earnings, Despite Global Headwinds London, October 23, 2025 — Global stock markets rebounded on Thursday as strong corporate earnings lifted investor sentiment, offsetting concerns over renewed geopolitical tensions and U.S. sanctions on Russia’s energy sector. Oil prices surged more than 3%, while European stocks rose, driven by optimism over better-than-expected earnings…

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Volvo Cars Posts Stronger-Than-Expected Profit, Shares Jump to 18-Month High Stockholm, October 23, 2025 – Volvo Cars (VOLCARb.ST) delivered a surprise profit surge in the third quarter of 2025, driven by accelerated cost-cutting measures and strategic realignment under returning CEO Håkan Samuelsson, sending its shares soaring more than 25% — their best single-day performance in…

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Tesla Announces Major Recall Affecting More Than 63,000 Cybertrucks October 23, 2025 – Austin, Texas: Tesla Inc. (NASDAQ: TSLA) has announced a recall of 63,619 Cybertruck vehicles in the United States following a safety concern identified in the parking light system, according to the U.S. National Highway Traffic Safety Administration (NHTSA). The agency stated that…

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US Targets Top Russian Oil Companies In a significant escalation of Ukraine-related sanctions, the United States has targeted Russia’s two largest oil producers, Lukoil and Rosneft, marking the first such move in President Donald Trump’s second term. The sanctions follow mounting frustration over Russia’s war in Ukraine, which began in February 2022. Treasury Secretary Scott…

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LAGOS – Nigerian fintech giant Moniepoint Inc. has raised over $200 million in a Series C funding round led by Development Partners International (DPI), aiming to expand its digital financial services across Africa and beyond. The round also saw participation from LeapFrog Investments, Visa, Google’s Africa Investment Fund, International Finance Corporation (IFC), Lightrock, Alder Tree…

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COPENHAGEN/LONDON – The chairman of Novo Nordisk (NOVOb.CO) and six independent board members will resign following a dispute with the company’s controlling shareholder, the Novo Nordisk Foundation, amid efforts to revive sales of its weight-loss drug Wegovy. The board shake-up comes after the drugmaker’s shares fell more than 40% this year, losing market share to…

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Nasdaq (NDAQ.O) surpassed Wall Street expectations for third-quarter profit as heightened market volatility and strong demand for its financial technology and regulatory solutions boosted revenue. The exchange reported an adjusted profit of $511 million (88 cents per share) for the quarter ended September 30, beating analysts’ average estimate of 85 cents per share. Shares rose…

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