South Korea’s export growth is expected to have slowed for a third consecutive month in October, according to a Reuters poll. The slowdown is attributed to cooling global demand for computer chips. Outbound shipments from the country are forecasted to have risen by 6.9% in October compared to the previous year. This marks the 13th … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. McDonald’s experienced a second consecutive decline in sales during the third quarter, as it grappled with weak consumer demand in international markets like France, the UK, the Middle East, and China. The fast-food giant reported … Read more
U.S. stocks experienced a decline on Wednesday, extending the losing streak on Wall Street to three days as the market grappled with rising Treasury yields and disappointing earnings. However, after hours, Tesla’s stocks saw a surge following a better-than-expected earnings report, rising by more than 9%. Tesla announced plans to begin production on more affordable … Read more