Explosion at Mexican Steel Mill Results in 13 Fatalities

The BIS's withdrawal from the mBridge project raises questions about the future of cross-border payments and highlights Putin's ambitions for alternative financial systems in response to US sanctions.

The US labor market shows signs of weakness with only 12,000 new jobs added in October, influenced by Hurricane Milton and strikes, raising concerns ahead of the presidential election.

Warren Buffett's Berkshire Hathaway has reduced its stake in Apple by 25%, reporting a record cash reserve of $325.2 billion amid market challenges.

The Russian government plans to nearly double the maximum sick leave payments over the next three years, reflecting a commitment to improve social protection amid rising living costs. Additionally, child care and maternity benefits will also see significant increases.

Fitch Ratings has upgraded Egypt's credit rating to B, while Standard & Poor's has raised Turkey's rating to BB-. Both nations face significant economic challenges but show signs of recovery.

Volkswagen's decision to close factories and lay off thousands of employees underscores a deepening crisis in Germany's manufacturing sector, as the government struggles to respond effectively.