Category: finance
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U.S. Consumer Bureau to Maintain Limited Oversight in 2026 Instead of Full Dismantling
The U.S. Consumer Financial Protection Bureau (CFPB) announced on November 21, 2025, that it will continue supervising financial institutions on a limited basis in 2026, signaling a notable shift from the prior direction under acting Director Russell Vought, who had previously pledged to dismantle the agency entirely. Despite significant scaling back under the second Trump
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Swiss Regulator Warns Mortgage Risks Are Rising as Banks Stretch Lending Rules
Switzerland’s financial market regulator, FINMA (Swiss Financial Market Supervisory Authority), has issued a warning about growing risks in the Swiss mortgage market, citing that banks are increasingly stretching their lending criteria as property prices continue to rise. In a recent interview with Swiss news outlet Blick, FINMA CEO Stefan Walter highlighted the potential danger of
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French Drone Makers Push for Ukraine Deals Amid Funding and Competition Challenges
French and Ukrainian drone manufacturers are racing to secure co-production agreements and commercial contracts before the end of 2025, despite financial constraints and growing competition from other European nations, according to industry, military, and diplomatic sources. The sector has gained global attention amid the ongoing war in Ukraine and a sharp increase in drone activity
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Babcock Sees Profit Surge as Frigate Contract Bids Move ‘in Right Direction’
British engineering and defence giant Babcock International (BAB.L) reported a strong 19% increase in first-half profit, while signaling progress on its bids to build frigates for Sweden, Denmark, and Indonesia. CEO David Lockwood described the bids as moving “in the right direction,” highlighting the company’s strategic positioning in a market benefiting from rising global defence
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Eli Lilly Becomes First Drugmaker to Reach $1 Trillion Valuation Driven by Weight-Loss Drug Demand
Eli Lilly (LLY.N) made history on November 21, 2025, becoming the first pharmaceutical company to achieve a $1 trillion market valuation, a milestone traditionally dominated by tech giants such as Apple and Alphabet. This remarkable achievement underscores Lilly’s rapid ascent in the weight-loss drug market, fueled by the massive success of its obesity and diabetes
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Foxconn to Invest $2–3 Billion Annually in AI, Sees Shakeout in China EV Market
TOKYO – November 21, 2025 – Foxconn, the world’s largest contract electronics manufacturer, plans to invest $2 billion to $3 billion annually in artificial intelligence (AI) over the next three to five years, Chairman Young Liu told Reuters. The investment will primarily focus on AI infrastructure, data centers, and technology development, reflecting the company’s strategic
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Foxconn Partners with OpenAI to Build Next-Generation AI Hardware
TAIPEI / BENGALURU – November 21, 2025 – Foxconn, the world’s largest contract electronics manufacturer, has announced a strategic partnership with U.S.-based OpenAI to design and engineer cutting-edge AI hardware. The collaboration will focus on data center racks, power systems, networking components, and other infrastructure needed to support the growing demands of artificial intelligence workloads.
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Permian Basin Shows Strain as $60 Oil Hits Shale Industry, Layoffs Rise
MIDLAND, TEXAS – November 21, 2025 – The Permian Basin, the heart of the U.S. shale industry, is beginning to show the economic strain of sustained low oil prices, even as production remains high. Local businesses and oilfield workers are feeling the pinch as West Texas oil prices hover around $60 a barrel, raising concerns
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Google Seeks to Avoid Breakup of Ad Business as U.S. Antitrust Trial Concludes
WASHINGTON, D.C. – November 21, 2025 – Alphabet Inc.’s Google is making its final plea in U.S. court to avoid a forced breakup of its advertising technology business, as the Department of Justice’s (DOJ) high-profile antitrust trial reaches its conclusion. The legal battle has centered on Google’s dominance in online advertising and search, part of
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UK Serious Fraud Office Investigates $28 Million Cryptocurrency Collapse
LONDON – November 20, 2025 – The United Kingdom’s Serious Fraud Office (SFO) has launched an investigation into the collapse of a $28 million cryptocurrency scheme, urging affected investors to come forward following the arrest of two men suspected of fraud and money laundering. This marks the SFO’s first major probe into the cryptocurrency sector,
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