Business Update

The company, which says it plans an initial public offering next fall, announced on Thursday that it would seek to raise up to $500 million selling private shares to investors. Source link

Joachim Nagel, the president of Germany’s central bank, warned against “complacency” in European capitals over tariffs, competition with China and attacks on institutions. Source link

China is using the high-altitude expanse for immense solar panel farms and wind turbines and has begun work on the world’s largest hydroelectric dams. Source link

He made billions selling energy with his Coastal Corporation, courted presidents and dictators, and eventually went to prison for paying kickbacks to the Iraqi government. Source link

The United States finalized a $20 billion lifeline for Argentina that will benefit Treasury Secretary Scott Bessent’s allies. Source link

The Bureau of Labor Statistics is calling back some employees to produce the Consumer Price Index for September. That data is needed to calculate the annual cost-of-living adjustment for Social Security beneficiaries. Source link

The supermarket chain said it was complying with state law, including a ruling last month that overturned a ban on openly carrying firearms. Source link

In the Trump administration’s latest example of dialing back cryptocurrency enforcement, Roger Ver agreed to pay about $48 million to end a tax fraud case. Source link

The chancellor said he planned to urge the European Union to back off a policy that has been widely interpreted as a ban on combustion engines after 2035. Source link

He made billions selling energy with his Coastal Corporation, courted presidents and dictators, and eventually went to prison for paying kickbacks to the Iraqi government. Source link