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European stocks were slightly lower on Monday morning, as investors closely monitored U.S. President Donald Trump’s visa crackdown.The pan-European Stoxx 600 index was 0.1% lower at 11:27 a.m. in London (6:27 a.m. ET), with most sectors and major bourses in negative territory.Auto stocks notched some of the biggest losses in early deals. The Stoxx Europe Automobiles and Parts index was down 2.6% at 11:27 a.m. in London.Germany’s Porsche led the declines, down 8.3% after the luxury sportscar manufacturer recently slashed its 2025 profitability outlook. The company also delayed the launch of electric car models due to weak demand. Volkswagen, Porsche’s…

A 30-day window to stop the reimposition of United Nations sanctions on Iran is closing. That likely means Tehran will face new pressure on its ailing economy as tensions remain high in the wider Mideast over the Israel-Hamas war in the Gaza Strip. As the U.N. General Assembly meets this week in New York, Iranian President Masoud Pezeshkian and Foreign Minister Abbas Araghchi have a last-ditch effort to try to halt the sanctions. The clock started when France, Germany and the United Kingdom on Aug. 28 declared Iran wasn’t complying with its 2015 nuclear deal with world powersHere’s a timeline…

DUBAI, United Arab Emirates (AP) — A 30-day window to stop the reimposition of United Nations sanctions on Iran is closing, likely meaning Tehran will face new pressure on its ailing economy as tensions remain high in the wider Mideast over the Israel-Hamas war in the Gaza Strip. As the U.N. General Assembly meets this week in New York, Iranian President Masoud Pezeshkian and Foreign Minister Abbas Araghchi have a last chance to try to halt the sanctions. The clock started when France, Germany and the United Kingdom on Aug. 28 declared Iran wasn’t complying with its 2015 nuclear deal…

A slew of new IPOs across Europe are sparking hopes of a broader wave of public debuts in the region, despite continued private market appetite among investors.A number of firms — ranging from fintech to defense, and software to energy — have either recently floated or are rumored to be eyeing an IPO in Europe.Last week, Aumovio, the auto-parts supplier spun out from Continental, listed on the Frankfurt Stock Exchange, for example, and Swiss Marketplace Group floated its shares on the Swiss Stock Exchange.”The September IPO activity is the quarter’s standout story, with issuers and private equity viewing the product…

Israeli forces showed no signs of relenting on their new ground offensive in Gaza City on Monday as world leaders gathered in New York for the United Nations General Assembly and more countries prepared to join the surge of nations recognizing a Palestinian state. Hundreds of thousands have remained in the city, the territory’s largest and already in ruins from nearly two years of war and struggling with famine. The Israeli military ordered the evacuation on Monday of the Jordanian Hospital, a key health clinic, a Palestinian health official said. The latest Israeli operation, which started last Tuesday, further escalates…

KYIV, Ukraine (AP) — Russia and Ukraine swapped accusations of deadly drone strikes on civilian areas of their countries Monday as Ukrainian President Volodymyr Zelenskyy anticipated “a very intense week” of diplomacy at the U.N. General Assembly in New York, where the Security Council was expected discuss the more than three-year war.Zelenskyy has tried to give momentum to a U.S.-led peace effort, offering a ceasefire and a summit meeting with Russian President Vladimir Putin. Moscow has taken issue with some of the proposals, however, and an end to the bloodshed appears no closer.Additionally, international concerns have mounted recently that the…

In this photo illustration, the Luxshare Precision company logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty ImagesShenzhen-listed Luxshare saw its shares jump about 10% on Monday, following a report that the Chinese device assembler had signed a deal with OpenAI to produce a consumer AI device. The company, which is also a supplier for Apple, is already developing a prototype of the device using ChatGPT large language models, The Information reported Friday, citing people familiar with the matter.One source said that one of the products OpenAI has talked to suppliers about making would resemble a…

JUBA, South Sudan (AP) — The criminal trial of South Sudan’s suspended vice president began in the capital Monday as Riek Machar appeared in a cage alongside his co-defendants.It was the first time Machar had been seen in public since he was placed under house arrest in March.President Salva Kiir suspended Machar as his deputy earlier this month after justice authorities filed criminal charges for Machar’s alleged role in an attack on a garrison of government troops earlier this year. In addition to treason, Machar and seven others face charges of crimes against humanity, murder, conspiracy, terrorism, destruction of public…

President Trump’s decision to impose a US$100,000 annual fee on new H-1B visa applicants represents more than immigration policy—it’s a strategic miscalculation that risks accelerating America’s decline in the global competition for talent while inadvertently strengthening China’s hand in the very contest the US seeks to win. Asian professionals, particularly from India, constitute the overwhelming majority of H-1B beneficiaries, making them the primary targets of this policy shift. The $100,000 fee—unprecedented globally and roughly 25-30 times higher than comparable visa costs in Canada or the UK—effectively creates a two-tiered system where only the largest corporations can afford international talent while…

Rachael De Foe, 31, works as a fractional head of communications.Courtesy of Rachael De Foe.In late 2019, Rachael De Foe was burnt out, so she took a leap of faith that many dream of but never do: she quit her nine-to-five job without anything lined up.The Singapore-native had spent the past few years working in public relations at various companies, from large agencies to smaller boutique firms.”Every single business was chasing what I now like to call the ‘agency monster’ … You have too many clients, so you need [a bigger] team. You have too many team [members], so you…