France skirts another crisis and markets like it — but reform suffers

France skirts another crisis and markets like it — but reform suffers

France’s Prime Minister Sebastien Lecornu speaks during his statement of general policy at the French National Assembly, France s lower house of parliament, in Paris, France, on October 14, 2025. Mathilde Kaczkowski | Afp | Getty Images French Prime Minister Sebastien Lecornu’s decision to suspend a controversial pension reform has given markets some welcome relief…

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Nscale eyes IPO amid fresh  billion deal with Microsoft

Nscale eyes IPO amid fresh $14 billion deal with Microsoft

Nscale, the UK-headquartered AI infrastructure provider. Courtesy: Nscale AI cloud company Nscale is eyeing an IPO, the company confirmed to CNBC Wednesday as it announced a $14-billion deal with U.S. tech giant Microsoft. The London-based company, which provides technology infrastructure to help AI scale, has “public market ambitions” which could be realized in the “back…

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Tax rises and spending cuts in the cards, UK finance minister hints

Tax rises and spending cuts in the cards, UK finance minister hints

CHISWICK, ENGLAND – OCTOBER 09: Britain’s Chancellor of the Exchequer, Rachel Reeves visits the Sipsmith Distillery on October 09, 2025 in Chiswick, United Kingdom. The Chancellor’s visit is intended to highlight how the UK-India free trade agreement is boosting British business, and comes as Prime Minister Keir Starmer is in India promoting the new pact,…

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Iraq plans to end  billion in Iranian gas imports by 2028 as it diversifies beyond oil

Iraq plans to end $4 billion in Iranian gas imports by 2028 as it diversifies beyond oil

BAGHDAD — Iraq’s Prime Minister Mohammed Shia Al-Sudani said he hopes to end the country’s $4 billion reliance on Iranian gas by 2028, in an effort to diversify the major oil-producer’s economy. Decades of mismanagement, underinvestment and corruption have strained the power grid of Iraq, which is OPEC’s second-largest oil producer after Saudi Arabia. Gas…

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