London, United Kingdom — The Bank of England (BoE) has confirmed that senior bankers across the UK will now receive their bonuses much sooner under a newly approved compensation regime. The central bank’s latest decision marks a significant shift away from stringent post-financial crisis regulations, cutting the waiting period for full bonus payments nearly in…

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Key Highlights Layoffs Hit Core Operations Sources told Reuters that layoffs are impacting manufacturing, research, IT, sustainability, finance, and quality control teams — including workers at major production hubs in Kalundborg and Hillerød. New CEO Under Pressure Mike Doustdar, who became CEO in August 2025, faces immense pressure to execute quickly. At a recent town…

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NEW YORK, October 15, 2025 — Pfizer Chief Executive Officer Albert Bourla has urged the U.S. pharmaceutical industry to deepen collaboration with China’s fast-growing biopharma sector, highlighting China’s rapid ascent as a global leader in drug discovery and development. Speaking at the National Committee on U.S.-China Relations Gala in New York on Tuesday, Bourla emphasized…

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SINGAPORE, October 15, 2025 — The global oil shipping network is facing renewed turbulence after U.S. sanctions on a key Chinese crude oil terminal prompted trading companies to divert at least five tankers to alternative ports, threatening congestion at major Chinese energy hubs, according to market sources and vessel tracking data. The sanctions, announced by…

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PARIS, October 15, 2025 — French energy giant TotalEnergies SE (TTEF.PA) announced on Wednesday that it expects improved third-quarter financial results, driven by higher oil and gas production and stronger refining margins, even as lower oil prices and reduced liquefied natural gas (LNG) output weighed on performance. In its third-quarter trading update, the company said…

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MOSCOW, October 15, 2025 — The Organization of the Petroleum Exporting Countries (OPEC) has reiterated its call for stronger global investment in oil and gas, warning that underinvestment could threaten future energy stability and affordability. Speaking at the Russian Energy Week conference in Moscow, OPEC Secretary General Haitham Al Ghais emphasized that fossil fuels will…

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MOSCOW, October 15, 2025 — Hungary sharply criticized the European Union’s energy policy on Wednesday, defending its continued reliance on Russian oil and gas during the Russian Energy Week forum in Moscow. Foreign Minister Peter Szijjarto warned that Hungary’s economy would face severe consequences if it were forced to cut off Russian energy imports, reaffirming…

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BEIJING, October 15, 2025 — China has lodged a formal complaint with the World Trade Organization (WTO) against India, alleging that New Delhi’s subsidies for electric vehicles (EVs) and batteries unfairly favour domestic manufacturers and harm Chinese industry interests. In a statement issued on Wednesday, China’s Ministry of Commerce said the subsidy schemes distort competition…

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Markets Regain Footing as Investors Eye More Fed Easing LONDON/SINGAPORE, October 15, 2025 — Global stock markets rebounded on Wednesday after U.S. Federal Reserve Chair Jerome Powell struck a dovish tone, reigniting expectations of further interest rate cuts before the end of the year. The renewed optimism, coupled with upbeat U.S. bank earnings and a…

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Indian Equities Edge Higher Amid Global Market Optimism MUMBAI, October 15, 2025 — Indian stock markets opened higher on Wednesday, tracking gains across Asian peers as growing optimism over an imminent U.S. Federal Reserve rate cut lifted investor sentiment. At 9:52 a.m. IST, the Nifty 50 (.NSEI) advanced 0.28% to 25,216.2, while the BSE Sensex…

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