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Business & Markets — September 2026

Robert Pattinson paedophile-hunting thriller set for Venice

Robert Pattinson's dark thriller Primetime is set to premiere at the Venice Film Festival on Saturday, September 5, with the British actor playing a paedophile-hunting TV presenter. The film, directed by 30-year-old Lance Oppenheim, tells the story of NBC rea…

Volkswagen 100,000 job cuts leave plants uncertain

Volkswagen workers in Germany voiced anger and uncertainty on Friday after management, shareholders and unions agreed to raise planned job cuts to 100,000 over the coming years and left the long-term future of four German plants unresolved. The German carmake…

AI spending is not a bubble, Blackstone says

Heavy spending on AI data centres and related infrastructure is not fuelling a stock market bubble, Blackstone president Jon Gray said in an interview published Friday. Investors have been questioning whether large artificial intelligence investments will jus…

US stocks fall as jobs data lifts Fed hike bets

US stocks closed lower Friday after stronger-than-expected August jobs data led investors to increase bets that the Federal Reserve will raise interest rates at its September meeting. The Dow Jones Industrial Average ended down 0.5 percent at 53,414.25. The S…

Bordeaux relegation to sixth tier upheld by FFF

Bordeaux's relegation to the sixth tier of French football was upheld on Thursday when the French Football Federation's special executive committee confirmed the sanction, a source close to the body told AFP. The six-time French champions had been barred from…

Volkswagen to cut 100,000 jobs by 2030

Volkswagen said Thursday that management and unions had agreed to cut 100,000 jobs by the end of the decade, deepening a restructuring at Europe's largest carm…

US stocks rise as Treasury yields retreat

Wall Street stocks rose early Thursday while US Treasury bond yields retreated after government data showed the US trade deficit widened in July. About 20 min…

Uber to lay off about 10% of global workforce

Uber will lay off around 10 percent of its workforce worldwide as part of “significant organizational changes,” chief executive Dara Khosrowshahi told employee…

Asian stocks rally as Fed rate-hike fears ease

Most Asian stocks rose Friday and government bond yields held their recent losses after comments from senior Federal Reserve officials eased fears that the US central bank would raise interest rates at its September 16 meeting. Investors were waiting for US n…

BP names Ian Tyler permanent chairman

British oil giant BP said Wednesday it appointed Ian Tyler as permanent chairman after an extensive search, making permanent the role he took on after Albert Manifold was suddenly removed. Tyler became interim chair on May 26, the same day BP announced Manifo…

Ariana Grande fans mourn final London gig before break

Ariana Grande fans gathered at London's O2 on Tuesday for the final show of her 10-night residency and the end of her Eternal Sunshine tour, with some calling it a bittersweet moment before her planned break from public visibility. The 33-year-old US singer a…

Los Angeles Angels sale valued at $4B, reports say

The Los Angeles Angels sale to US billionaire Stan Kroenke is valued at $4 billion, multiple US outlets reported, after Kroenke agreed terms to buy a controlling interest in the baseball team. The financial terms of the deal were not disclosed. The club said…

Nestle to sell supplements unit to Yellow Wood for $1bn

Nestle said it will sell its mainstream vitamins, minerals and supplements business to US private equity firm Yellow Wood Partners for $1 billion. The Swiss food group said the deal covers its consumer-focused vitamins, minerals and supplements activities. It…

Stocks fall as oil spike lifts rate hike bets

Stocks fell Wednesday as oil prices extended gains and bond yields stayed near multi-decade highs, with investors increasing bets on further interest rate rise…

Peru anchovy catch collapses as El Nino warms seas

Peru's anchovy catch has collapsed as warmer seas linked to El Nino disrupt the fishing industry, with government data showing the May catch fell to 32,800 metric tons from 1.3 million metric tons in May last year. Peru is the world's largest catcher of ancho…

Ikea cuts Europe prices on 1,500 products

Ikea said Tuesday it was cutting prices by up to 28 percent on around 1,500 products in Europe from September 1, as the furniture group seeks to attract customers facing higher living costs. Jakub Jankowski, managing director of Inter Ikea Group, said there w…

Munich defence tech booms as Europe rearms

Munich is growing as a centre for defence technology startups as Europe increases military spending and the war in Ukraine drives demand for drones, software and autonomous systems. Companies including Quantum Systems, Helsing and Tytan Technologies are among…