Fed cuts interest rates; Nvidia’s market cap hits $5trn, and more
America’s central bank lowered its benchmark interest rate by a quarter point, its second consecutive cut, to between 3.75% and 4%.
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4:02
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4:02
OpenAI announces restructuring; Hurricane Melissa hits Jamaica, and more
OpenAI reached a deal with Microsoft to overhaul its ownership structure.
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3:48
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3:48
Trump meets Japan’s PM; Jamaica braces for Hurricane Melissa, and more
The pair signed deals on trade, energy and rare earths worth up to $400 billion. Also, Jamaica braced for Hurricane Melissa, which could be the most powerful storm ever to strike the country.
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11:26
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11:26
Argentine bonds surge; Russia’s Lukoil to sell international assets, and more
Argentina’s dollar-denominated bonds surged in value following the victory of Liberty Advances, the party led by the country’s president, Javier Milei, in midterm elections.
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3:55
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3:55
America and China agree “positive framework” for trade; Trump raises tariffs on Canada, and more
Scott Bessent said that America and China have agreed on a “positive framework” for trade talks between Donald Trump and Xi Jinping on Thursday.
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The World in Brief tells you what’s on the global agenda in the coming day, what to look out for in business, finance and politics and, most importantly, what to make of it.Economist Podcasts+ subscribers and digital subscribers to The Economist should log in at economist.com/audio/podcasts/the-world-in-brief for access to the full World in Brief.Sign up for Economist Podcasts+ here: www.economist.com/podcastsplus-worldinbrief. For more information about Economist Podcasts+, including how to get access, please visit our FAQs page here https://myaccount.economist.com/s/article/What-is-Economist-Podcasts.
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