Latest News
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FBI arrests multiple suspects in Michigan attack plot
Kash Patel, FBI Director, said that multiple arrests were made in Michigan to stop a possible attack. He did not provide any further details. Two sources claim that five people were being interrogated on Friday. Patel wrote on X Friday that the FBI had foiled a possible terrorist attack by arresting multiple suspects in Michigan. They were allegedly planning a violent attack for Halloween weekend. Officials at the Justice Department said that the plot was expected to occur over Halloween weekend, and it was linked to international terrorism. Dearborn police, a suburb of Detroit, announced on social media on Friday that the FBI conducted an operation there, and that "there was no threat." (Reporting and editing by Scott Malone, Franklin Paul, Chizu Nomiyama and Scott Malone; Sarah N. Lynch & Andrew Goudsward)
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FAA delays flights as shutdown enters Day 31
Federal Aviation Administration delayed flights on Friday at airports in Austin and Newark, as staffing issues continue to cause delays and the government shutdown enters its 31st week. The FAA reported that there were staffing problems at nine FAA facilities on Friday, and said this was likely to cause delays in flights later for Houston and Dallas airports. Flight delays averaged 61 minutes in Nashville, 50 minutes in Austin and 101 minutes in Newark. FlightAware, a tracking website for aviation, reported that 2,200 U.S. flight delays and 300 cancellations had occurred as of 12:25 p.m. ET. On Thursday, there were 1,250 canceled flights and 7,300 flight delays in the United States. Sean Duffy, the U.S. Transportation secretary, said that he expected more flight delays to occur in the next few days. Duffy told Fox News' America's Newsroom that there would be more disruptions to the airspace this weekend, and the following week. Staffing shortages in air traffic control caused delays on Thursday at Orlando, Dallas/Fort Worth, and Washington, D.C. The shutdown forced 13,000 air-traffic controllers and 50,000 Transportation Security Administration (TSA) officers to work for free. Delta Air Lines and United Airlines, Southwest Airlines, and American Airlines have all called for Congress to pass a temporary funding bill so that the government can reopen, and to continue discussions on healthcare policy disagreements. Transportation Department officials said that the shutdown caused flight delays because of air traffic controllers' absences. The airlines have repeatedly called for an end to this shutdown, citing safety concerns. The shutdown has worsened existing staffing shortages and threatens to cause widespread disruptions. Even before the shutdown, many air traffic controllers were working six-day weekends and mandatory overtime. (Reporting and editing by Andrea Ricci; David Shepardson)
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Staff of the Border Force patrolling UK waters are planning a strike over pay
The union that represents British Border Force employees announced on Friday, more than 120 staff members who patrol Britain's waterways in "sometimes harrowing" roles plan to go on strike on November 14, to protest pay and working conditions. Most of the UK Border Force's 10,000 staff members work in ports and airports across the UK and abroad. The website of the agency does not provide a breakdown showing how many people are employed to patrol the waters in the UK. The union representing Britain's Public and Commercial Services said that the government started a review of the issue six years ago, addressing the need for standardisation in pay and roles. However, despite long discussions the concerns of the members have not been addressed. The UK interior ministry didn't immediately respond to an inquiry about the planned stoppage of one day or the status on the review. The union stated that workers are involved in dangerous tasks such as patrolling for illegal entry or smuggling into the UK and boarding vessels to inspect them, responding to incidents including small boats with asylum seekers, and boarding vessels for inspection. The Labour Party of British Prime Minister Keir starmer, which is trailing in the polls, has promised to crush the gangs that traffic migrants into Britain via small boats. Nigel Farage’s Reform UK party, a populist party with a strong political agenda has also made illegal immigration a key issue. In a statement, PCS General Secretary Fran Heathcote stated that "this strike sends a message clear to the Home Office": We will not accept further delays or inadequate proposals. Heathcote said, "We are prepared to escalate the situation if needed." (Reporting and editing by Muvija m; Alexander Smith).
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Buffett will send a letter to his children and shareholders as well as Abel's annual letter, according to WSJ
The Wall Street Journal reported on Thursday that Buffett's assistant said Warren Buffett would release a letter on November 10 to his children and Berkshire Hathaway's shareholders. Greg Abel, who will become Berkshire Hathaway's chief executive in February, will write Berkshire Hathaway's annual shareholder's letter. Buffett will step down from his role as chief executive officer at the end this year. He will, however, remain chairman. Abel is a vice chairman of Berkshire but has taken on additional responsibilities since Buffett announced a management change during Berkshire’s annual meeting held May 3. Buffett plans to join other directors in the audience, and not on stage, for next year's meeting. Berkshire has not responded to any requests for comment since Friday. The Omaha-based conglomerate, which will announce its third-quarter results this Saturday. Buffett's letter of November 10, to his children Susie and Howard, and to shareholders is not clear. Buffett sent letters to his family in November 2023, and again in November 2024. In these letters he discussed estate planning. He also expressed gratitude for the opportunities that the U.S. offers. He announced four donations to family charities. Howard Buffett will eventually become the non-executive Chairman of Berkshire. New York Newsroom reported the story.
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Portugal announces that the sale of TAP Airlines has cross-party support
The government of Portugal expects that the partial privatisation process for flag carrier TAP will proceed smoothly. This is due to a rare political consensus across parties and interest shown by Europe's biggest airlines, Infrastructure Minister Miguel Pinto Luz stated on Friday. He stated that the centre-right minority government initially wanted to offer 100% of TAP but settled for 49.9% when the two major opposition parties threatened to stop any larger sale. This led to a “broad consensus” in parliament with the extreme right Chega and Socialist parties. He told a committee of parliament that "dialogue and mutual respect is always the best way for politics." To ensure transparency, the sale of the property will be reviewed and monitored by an independent commission as well as a working group within the parliament. Portugal has relaunched its long-delayed TAP privatisation in July. The aim is to sell a stake of 44.9% to a carrier that can bring global scale and competition, plus an additional 5% for TAP staff. Airlines interested in TAP are required to submit a formal "manifestation" of interest by November 21, and non-binding bids by the end the year. Lufthansa and Air France-KLM have expressed interest in purchasing TAP. British Airways and IAG, the owner of British Airways, also met with the government last year.
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KLM signs two-year contract with unions of ground staff
Dutch airline KLM announced on Friday it had reached a deal with five unions that represent ground staff in The Netherlands for a two-year agreement that included pay increases, bonuses and improved retirement options. The Collective Labor Agreement (CLA), which is retroactive to March 1, this year and ends on February 28, 2027, will be in effect. This includes a salary increase of 3.25 percent in total as well as a one-time payment of 500 euros ($583) net in December 2025, and 250 euros in January 2026. KLM has also agreed to permanentize the 80-90-100% scheme, which allows older workers to work 90% of their working hours and still accrue full pension. "We are happy that we reached an agreement with all five unions. We have reached solid agreements with KLM on remunerations, career development and productivity. The agreement came amid ongoing labor unrest in KLM. Two major unions, FNV and CNV, had rejected the September deal with other unions and continued to organize strikes.
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Tanzania opposition claims hundreds of deaths in protests against voting
Tanzania's main Opposition Party said that hundreds of people were killed this week in protests against elections throughout the country, while the government claimed it was restoring the order following "isolated" incidents. The United Nations has confirmed credible reports that at least ten people have been killed in protests across three cities. This is the first estimate of fatalities made public by any international body since the vote on Wednesday. The government hasn't responded to any requests for comment or released any estimates of casualties. Could not independently verify these figures. Since Wednesday, protesters have been taking to the streets in anger over the exclusion of the two main challengers to President Samia Hassan from the race. They also criticized what they called widespread repression. Police have been accused of using tear gas and firearms to disperse some protests, according to witnesses. The police have imposed a curfew overnight in Dar es Salaam's commercial capital over the last two nights, after burning down government offices and other structures. Since Wednesday, internet access has been interrupted. HIGH SECURITY PRESENCE On Friday, the military and police patrolled Dar es Salaam's streets to prevent people from moving without a valid excuse. The government has extended the order for civil servants to work from home. John Kitoka, a spokesperson of the CHADEMA Party which was banned from the elections for refusing to adhere to a code and whose leader was arrested in April for treason, said that the party has documented 700 deaths based on the accounts of health workers. He said that protests were still ongoing in several cities on Friday, but they had diminished in others due to heavy security deployment. He said: "We want the protests continue until we get our electoral reforms." Hassan faces a challenge in the unrest. He was praised for his easing of repression after taking office 2021, but has faced criticism more recently from opposition parties and activists following a series arrests and allegations of abductions. Hassan denies allegations of widespread human rights abuses. She claimed that she ordered an investigation last year into reports of abductions. However, no official findings were released. Thursday, the electoral commission announced provisional results of the election. Hassan won a majority in several constituencies. GOVERNMENT : "NORMALICY WILL RETURN" The first direct comments from her government on the unrest were made on Friday by the Foreign Affairs Ministry in a broadcasted message to diplomatic missions on state television. In the message, it was stated that "due to isolated incidents where law and order were violated, the government has increased security and taken other precautionary steps." The statement added that the security measures are temporary, but necessary. Normalcy is expected to return soon. Seif Magango, spokesperson for the U.N. Human rights office, told reporters in Geneva that there are credible reports of 10 deaths in Dar es Salaam and Shinyanga. He urged the protesters to remain peaceful and called for security forces to "refrain from excessive or unnecessary force". A Dar es Salaam local, who requested anonymity for safety, said that a family had lost a member when a protester was mistakenly shot outside a hospital. No one from the police department responded to our requests for comment. In a joint statement released on Thursday, two members of the European Parliament’s foreign affairs committee called the election a fraud, saying that it "took place in an atmosphere of intimidation and fear". The article was written by Vincent Mumo Nzilani, George Obulutsa and edited by Aaron Ross. Ros Russell and Andrew Heavens.
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ITA Airways will resume flights from and to Tel Aviv on January 1, 2019.
Italy's ITA Airways has announced that it will resume direct flights to Tel Aviv on January 1. This will restore connections with Rome's Fiumicino airport, the main airport. According to the statement, the company, which is part of the Lufthansa Group, will operate at first two daily routes between Tel Aviv and the rest of Europe. The route is "of strategic importance to ITA Airways, and it represents a significant move for Italy. It further strengthens the commercial, cultural, and social ties between Italy and the United States." Hamas has reached a fragile truce with Israel this month, brokered by U.S. president Donald Trump. The deal is being tested periodically by violent outbreaks, as part of the conflict that was sparked by the October 7, 2020 attack by the militants group. As a result, several airlines have suspended flights in the past two years.
Stocks to view as Biden, Trump vie for presidency
Financiers are carefully viewing stocks that might be impacted by the outcome of the Nov. 5 U.S. governmental elections, particularly those more exposed to federal government policy actions such as banking and clean energy.
While U.S. President Joe Biden and Republican presidential candidate Donald Trump are secured a close election rematch, a. two-day /Ipsos survey showed that Trump had opened a. minimal lead in the race to the White House after surviving an. assassination effort.
Here is a list of stocks and sectors that are likely to be. affected if either Trump or Biden serve a second governmental. term:
FINANCIALS
UBS analysts are accounting for the prospect of less. stringent capital and liquidity rules, and relieving financial. policy under Trump's second term as U.S. president,. possibly benefiting the banking market.
Banks, consisting of JPMorgan & & Chase, Bank of America. , Wells Fargo, Discover Financial,. KeyCorp and Synchrony Financial, are seen as. some of the likely winners by the brokerage.
CRYPTO AND BLOCKCHAIN-RELATED COMPANIES
Crypto stocks are expected to take advantage of Trump's re-entry. into the White Home as he is widely viewed as being crypto. friendly.
Stocks, including Coinbase, Marathon Digital. and Riot Platforms, have risen tracking gains. in bitcoin after a failed assassination effort on the previous. president raised his odds of winning the elections in November.
U.S. regulators have cracked down on the market with a. multitude of federal enforcement actions under the Biden. administration.
SOLAR STOCKS
J.P.Morgan analysts see threats to costs on green energy. under a brand-new Trump administration, which is expected to focus. more on taking full advantage of nonrenewable fuel source output rather of fighting. environment modification.
UBS expects rewards for solar manufacturers such as First. Solar, NextEra Energy and Sunrun to. remain if Biden is re-elected.
TIDY ENERGY AND OIL COMPANIES
Biden has actually made safeguarding the environment a core part of his. economic strategies.
Continued support for electrification and clean fuel. production under a Biden administration could increase stocks such. as Eaton, Quanta Solutions, Tesla and. Air Products and Chemicals, according to UBS.
Existing incentives from today federal government will. continue to drive benefits for energy-efficient item. makers such as Johnson Controls and Trane. Technologies, along with waste management companies with. recycling facilities such as Waste Management and. Republic Services.
Nevertheless, increased oil and natural gas investment, more. drilling activity and greater natural gas exports might benefit. manufacturers such as Exxon Mobil, Cheniere Energy. and ConocoPhillips under Trump 2.0.
DOMESTIC MAKERS
Both men have actually broadly used tariffs to secure the U.S. market. A brand-new Trump administration is expected to be much more. protectionist in terms of import tariffs as he has proposed. putting a 10% duty on all imports.
As president, Trump started a tariff war with China and as a. candidate this year the Republican nominee has actually recommended he. would impose tariffs of 60% or greater on all Chinese goods. Biden has actually largely kept his predecessor's tariffs in place, and. ratcheted up others.
The consumer discretionary sector is exposed because. environment, UBS experts state.
U.S. tariffs on Chinese imports could help domestic. producers, namely tradition carmakers Ford and General. Motors and steel manufacturers such as Nucor and. Steel Characteristics, UBS analysts state.
TRUMP-RELATED STOCKS
Investors anticipate stocks connected to Donald Trump to move in. tandem with the possibilities of his winning the presidency. These. include Trump Media & & Technology, in which the previous. president owns a majority stake, software application firm Phunware. and video-sharing platform Rumble.
PRISON OPERATORS
U.S. jail operators such as Geo Group and. CoreCivic might take advantage of Trump's re-election, on. pledges of a crackdown on illegal migration and constraints. on legal migration, which could enhance need for detention. centers.
PHARMACEUTICALS AND INSURERS
UBS sees a lower risk of drug rate cuts and a disposition. towards Medicare Advantage in a Republican-dominated federal government,. possibly helping drugmakers Eli Lilly and Merck. , as well as health insurers such as Humana and. UnitedHealth.
Control on drug prices was executed under the sweeping. Inflation Decrease Act by Democrats and Biden.
M&A- ASSOCIATED BENEFICIARIES
Trump may take a more lenient technique to antitrust. regulation enforcement, according to J.P.Morgan analysts.
UBS expects banks such as Goldman Sachs, Morgan. Stanley, Lazard and Evercore, which. gain from M&A activities, to get from such a policy modification.
SEMICONDUCTOR MANUFACTURING
Offered the strong competition with China on semiconductors,. UBS expects a 2nd Trump federal government to drive support for. domestic semiconductor manufacturers including Applied Products. , KLA Corp, Intel and Texas. Instruments.
FARMING
With the possibility of more tariffs on Chinese imports under. Trump, farmers are expected to get more federal support. for lost exports amidst a possible trade war. These initiatives. could assist agricultural equipment makers and suppliers such as. Deere and Co and Tractor Supply Business, UBS. analysts state.
(source: Reuters)