Category: Foreign News
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IBM Unveils ‘Loon’ Quantum Chip, Aiming to Deliver Practical Quantum Computing by 2029
San Francisco, November 12, 2025 — IBM (NYSE: IBM) announced on Wednesday that it has developed a new experimental quantum computing chip called “Loon,” marking a major step toward achieving useful, error-corrected quantum computers by the end of the decade. The new chip showcases IBM’s continued progress on its quantum roadmap, which aims to move
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Norway Rules Out $160 Billion Guarantee for Frozen Russian Assets, Says Finance Minister Jens Stoltenberg
Oslo, November 12, 2025 — Norway will not use its sovereign wealth fund as a financial backstop to guarantee European Union efforts to unlock frozen Russian assets for Ukraine’s reconstruction and defense, Finance Minister Jens Stoltenberg said on Wednesday. While Norway supports the EU’s broader plan to channel profits or resources from Russian assets to
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RWE Open to Selling Urenco Stake, but Complex Ownership Structure Poses Challenges, CFO Says
Frankfurt, November 12, 2025 — RWE AG (RWEG.DE), Germany’s largest electricity producer, has signaled its willingness to sell its stake in the uranium enrichment company Urenco, though the company’s Chief Financial Officer cautioned that such a deal would be difficult to execute due to the intricate ownership and regulatory framework surrounding the asset. RWE and
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India’s Inflation Falls to Record Low, Strengthening Hopes for RBI Rate Cut in December
NEW DELHI – India’s retail inflation dropped to an unprecedented 0.25% in October 2025, the lowest level on record, as food prices plummeted and government tax cuts took full effect. The sharp decline has bolstered expectations that the Reserve Bank of India (RBI) will lower interest rates in its upcoming December policy review, providing additional
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Fed Expected to Cut Interest Rates Again in December as Job Market Weakens: Reuters Poll
BENGALURU– The U.S. Federal Reserve is widely expected to deliver another 25-basis-point interest rate cut in December, according to a Reuters poll of economists, as policymakers look to support a labor market showing clear signs of cooling. The latest survey revealed that 80% of economists (84 of 105) anticipate the Federal Open Market Committee (FOMC)
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Loblaw Raises Annual Profit Forecast as Grocery and Pharmacy Sales Stay Strong
Toronto, Canada – Canadian retail giant Loblaw Companies Ltd. (L.TO) raised its full-year profit outlook on Wednesday after posting stronger-than-expected third-quarter earnings. The company cited resilient grocery and pharmacy demand as Canadians continue to turn to discount stores and locally made products amid ongoing economic uncertainty and rising cross-border trade tensions. Resilient Consumer Demand Drives
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Trump to Host JP Morgan’s Jamie Dimon and Top Wall Street Executives at White House Dinner
U.S. President Donald Trump is set to host a private dinner at the White House on Wednesday with some of Wall Street’s most influential leaders, including JPMorgan Chase CEO Jamie Dimon and other top financial executives. According to administration officials, the gathering highlights the Trump administration’s ongoing efforts to strengthen ties with major U.S. corporations
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Hindustan Aeronautics Reports 11% Rise in Quarterly Profit Amid Margin Pressures
Hindustan Aeronautics Limited (HAL), India’s state-owned fighter jet and aerospace manufacturer, posted a strong second-quarter performance, reporting a 10.5% rise in consolidated net profit to 16.69 billion rupees ($189.89 million) for the three months ending September 30. The results were buoyed by robust order execution, even as weaker operating margins weighed on investor sentiment, causing
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Gold Prices Hold Steady Ahead of Crucial U.S. House Vote on Government Reopening
Gold prices remained steady on Wednesday as investors closely watched the U.S. House of Representatives prepare to vote on a pivotal measure aimed at reopening the federal government. The vote could bring much-needed clarity to the U.S. economic landscape and shape the Federal Reserve’s potential interest rate decisions in the months ahead. As of 11:58
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Senegal President and Ruling Party Clash Over Leadership Amid IMF Talks
Senegal is facing a political standoff as President Bassirou Diomaye Faye and his own ruling party issue conflicting statements regarding the leadership of the governing coalition. The dispute has emerged at a critical moment, as the West African nation seeks to resume negotiations with the International Monetary Fund (IMF) following a suspension of financial support
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