The U.S. purchased two private planes for the Department of Homeland Security’s Kristi Noem and other officials due to claims that the Gulfstream jets were needed because of security concerns, The New York Times reported.
Category: 21 October 2025
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IKEA REPORTS SECOND YEAR OF SLUMPING SALES
For the second year in a row, furniture retailer IKEA posted sales less than those of the year before. Sales ticked down 0.3 percent to $51.9 billion when currency differentials were accounted for.
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S&P CUTS FRANCE’S CREDIT RATING AMID BUDGET CRISIS
On 17 October, S&P Global downgraded France’s creditworthiness by one notch, citing political instability that is preventing the country’s parliament from resolving a budget crisis.
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HAMAS SAYS IT IS HAVING TROUBLE FINDING BODIES OF ISRAELI HOSTAGES BURIED UNDER PILES OF RUBBLE
Hamas said that it is committed to honoring the ceasefire deal agreed to earlier this month with Israel, but it is having a hard time locating and retrieving the bodies of about two-thirds of the dead hostages that were taken during the 7 October 2023 attack.
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CHINA’S CONSUMER PRICES CONTINUE TO FALL AS DEFLATION PERSISTS
Consumer prices in China slipped 0.3 percent in September, month on month, as domestic demand for goods and services continues to languish amid an unresolved, four-year-old real estate crisis that has cut a third or more from home values.
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OIL PRICES SLIDE TO THEIR LOWEST IN FOUR YEARS
A sluggish global economy and rising worldwide oil glut have driven prices for oil produced in the U.S. down almost 20 percent, year on year, to their lowest since February 2021.
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CHINA’S CURBS ON RARE EARTH EXPORTS MAY “BREAK” GLOBAL SUPPLY CHAINS
China’s new restrictions on exports of rare earth elements crucial in products from smartphones to radar systems and medical devices will lead to “broken” supply chains and hike prices around the world for tech products, industry leaders have warned.
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IMF LIFTS GROWTH FORECAST FOR 2025
The world’s economy will grow by 3.2 percent this year, the International Monetary Fund (IMF) said in a new forecast, raising its expectations slightly from the 3 percent it projected in July. Global GDP will expand by 3.1 percent in 2026, the agency now expects.
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WAS IT REALLY ONLY A ONE-DAY BANKING CRISIS?
Regional bank stocks crumbled Thursday after Zions Bancorp said it wrote off $50 million in the third quarter on bad loans to auto parts supplier First Brands, which filed bankruptcy late last month.
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IMF WARNS U.S. OVER BUDGET DEFICIT
The U.S.’s budget deficit remains the largest among the world’s richest nations even though tariffs are siphoning more of Americans’ income into the country’s treasury, the Financial Times reported.