Economy

126 stories · Most recent event first

Economy

US farm-aid push totals $15 billion across separate programs

The Trump administration has promised more than $15 billion in farm payments and initiatives in the weeks before the 3 November US midterms, AP reported, citing higher diesel and fertilizer costs. The total combines separate measures: USDA announced $8 billion in one-time payments on 19 October and at least $5 billion in guaranteed loans on 23 October. The loans are guarantees to lenders, not direct payments. USDA says payment rates for the $8 billion program would be released in November; exact payment timing and the effect on farmers or voters remain unknown.

2 min

Economy · Developing

Libya's central bank confirms acting governor's 22 October takeover

Fawzi Abu Khazam took over the duties of Libya's central bank governor on 22 October, the bank confirmed in a board statement dated 25 October. The House presidency described the appointment as interim, pending a final House decision on Naji Issa's resignation.

Under 1 min

Economy

Meta’s quarterly capital spending exceeds operating cash flow

Meta’s 21 October results show US$32.79 billion in operating cash flow and US$34.91 billion in capital spending, including finance-lease principal payments, for the quarter ended 30 September. Its company-defined non-GAAP free cash flow was negative US$2.12 billion.

Under 1 min

Economy · Developing

Niger restricts overnight fuel sales after nationwide shortage

Niger introduced restrictions on overnight fuel sales on 19 October as it sought to restore regular supplies. Africanews subsequently reported long queues and disruption to transport and daily activities amid a nationwide shortage.

Under 1 min

Economy · Developing

Proofpoint agrees to acquire Varonis for US$6.3 billion

Proofpoint agreed on 15 October to acquire data-security company Varonis in an all-cash transaction valued at about US$6.3 billion. The companies expect closing in the first half of 2027, subject to approvals and other conditions.

Under 1 min