Vera

NewsOct 7, 2026 · 16:31 IST

Zelenskiy Says Russian Attack Targets Ukraine Energy Infrastructure

Russian forces launched one of their largest attacks on Ukraine, firing 70 missiles and drones. President Volodymyr Zelenskiy said energy infrastructure was a key target, with the strikes killing at least 11 people across the country.

NewsOct 7, 2026 · 16:24 IST

FT Reports HSBC Plans UK Wealth Job Cuts in AI Push

HSBC is planning major job cuts in its UK wealth management business as it expands the use of AI. Around half of management and specialist roles and up to 70% of financial adviser positions could be affected, with staff currently in consultation.

NewsOct 7, 2026 · 16:15 IST

UK PRA Proposes GDP-Linked Regulatory Thresholds

The UK Prudential Regulation Authority has proposed automatically adjusting 128 regulatory thresholds across banking, insurance and credit unions in line with nominal GDP. The move aims to reduce compliance costs, improve proportionality and prevent outdated thresholds from creating unnecessary regulatory burdens.

NewsOct 7, 2026 · 15:02 IST

Mercedes-Benz Q3 Car Sales Fall 8% as China Weakness Persists

Mercedes-Benz car sales fell 8% year-on-year in Q3 to 407,200 vehicles, mainly due to a 31% decline in China. However, electric vehicle sales increased strongly, highlighting growing EV demand despite continued weakness in the Chinese market.

NewsOct 7, 2026 · 14:51 IST

German Industrial Production Rises 2.0% in August, Beating Forecast

German industrial production rose 2.0% in August, beating economists’ forecast of a 0.5% increase. The rebound was driven mainly by stronger construction and machinery output, although weak new orders highlight continued challenges for Germany’s industrial sector.

NewsOct 7, 2026 · 13:36 IST

Pennon Launches £550 Million Rights Issue and Cuts Dividend

Pennon Group has launched a fully underwritten £550 million rights issue to fund additional investment in its regulated water businesses. The company also cut its 2026/27 dividend to about £125 million from £138 million as it focuses on improving operations and reducing financial pressure.

NewsOct 7, 2026 · 13:24 IST

Shell Raises Q3 Gas Outlook and Indicates $42 Refining Margin

Shell raised its third-quarter integrated gas production outlook to 740,000–780,000 barrels of oil equivalent per day and expects its refining margin to reach $42 per barrel, up from $24 in Q2. The stronger outlook reflects improved energy-market conditions and the ARC Resources acquisition.

NewsOct 7, 2026 · 13:11 IST

Yemen Says Aden Airport Attack Forces Cairo Flight to Divert

Yemen’s Transport Ministry said Houthi forces attacked Aden International Airport with ballistic missiles and explosive-laden drones. One missile landed near the runway shortly before a Cairo flight was due to land, forcing authorities to divert the aircraft to Jeddah.

NewsOct 7, 2026 · 12:24 IST

Hedge-Fund Group Warns BoE Repo Reforms Could Hurt Stress-Time Liquidity

A hedge-fund industry group has warned that proposed Bank of England reforms to the UK gilt repo market could reduce liquidity and increase volatility during periods of financial stress. The group urged the BoE to assess similar reforms in the U.S. before proceeding.

NewsOct 7, 2026 · 12:04 IST

AirTrunk Plans Additional $1 Billion for AI Cooling at Japan Campus

Blackstone-backed AirTrunk plans to invest an additional $1 billion in its hyperscale data-centre campus in Inzai, Japan. The investment will deploy liquid-cooling technology to support AI workloads, with the campus expected to provide more than 300 megawatts of capacity.

NewsOct 7, 2026 · 11:29 IST

China Extends Gold Buying to 23rd Month as September Holdings Rise

China’s central bank increased its gold holdings in September for the 23rd consecutive month, reaching 77.47 million fine troy ounces. The continued purchases highlight Beijing’s ongoing effort to diversify its foreign-exchange reserves amid global financial uncertainty.

NewsOct 6, 2026 · 17:52 IST

Nike Shares Face Further Pressure After Berenberg Downgrade

Barron’s reported on 6 October that Nike shares faced further pressure after Berenberg lowered its recommendation to Sell from Hold and cut its price target to $27.50 from $49. Separate coverage described the stock as heading towards a 13-year low. The supplied image claims a low exceeding a decade, but the exact price, trading timestamp and whether this was an intraday or closing low remain unresolved in this draft.