Exclusive-BAT pauses unlicensed US vape launch as FDA action accelerates

Primark is making a strategic move to capitalize on the growing retail opportunities in the US, especially as online competitors face challenges due to recent policies from the Trump administration. This shift not only highlights Primark's ambition to expand its footprint but also reflects the changing dynamics of the retail market, where brick-and-mortar stores are finding new ways to thrive amidst online competition.

In a significant move, the leaders of the US and Japan have finalized a deal concerning rare earths, a crucial resource for technology and defense industries. This agreement comes just ahead of a highly anticipated meeting between President Trump and President Xi, highlighting the importance of securing supply chains amid ongoing trade tensions. By collaborating on rare earths, both nations aim to reduce reliance on China, which currently dominates the market. This partnership not only strengthens US-Japan relations but also enhances their strategic positioning in global trade.

Oil prices have dipped slightly as OPEC's output plans have overshadowed the recent optimism surrounding US-China trade relations. This development is significant as it highlights the ongoing complexities in the global oil market, where geopolitical factors and production decisions by major players like OPEC can greatly influence prices. Investors are closely monitoring these dynamics, as they can impact economic growth and energy costs worldwide.

Japan and the United States are reportedly exploring investment opportunities involving Mitsubishi Heavy Industries. This collaboration could strengthen economic ties between the two nations and enhance technological advancements in various sectors. Such investments are significant as they not only boost local economies but also foster innovation and competitiveness on a global scale.

India's state-run refiners are exploring options to continue importing discounted Russian oil despite recent US sanctions on major suppliers like Rosneft and Lukoil. By potentially turning to smaller suppliers, these refiners aim to maintain their oil supply while navigating the complexities of international sanctions. This situation is significant as it highlights India's strategic approach to energy sourcing amidst geopolitical tensions.

As the government shutdown stretches into its 27th day, nearly 7,000 flights in the US have been delayed, causing significant disruptions for travelers. This situation highlights the broader impact of political gridlock on everyday life, as many people are left stranded or facing uncertainty in their travel plans. The ongoing shutdown not only affects air travel but also raises concerns about the efficiency of government services, making it a critical issue for both citizens and the economy.

The yen has shown impressive strength against its G-10 counterparts following supportive comments from Japanese officials and a significant meeting between US and Japanese leaders in Tokyo. This positive development is crucial as it reflects confidence in Japan's economic strategies and could influence global currency markets.

The Asian foreign exchange market is experiencing a slight decline in the dollar's value as traders keep a close eye on the ongoing US-China trade discussions and the upcoming Federal Reserve meeting. This situation is significant as it reflects the interconnectedness of global economies and the potential impact of trade relations on currency values. Investors are cautious, weighing the implications of these developments on market stability and economic forecasts.

The UK's Office for Budget Responsibility (OBR) has downgraded productivity forecasts, which could lead to a £20 billion shortfall in the upcoming Budget. This adjustment highlights ongoing economic challenges and raises concerns about the country's growth potential. Understanding these changes is crucial as they may impact public spending and economic policies moving forward.

Danone has reported a notable sales increase of 4.8%, driven primarily by strong growth in China, even as it faces challenges in North America. This is significant as it highlights the company's ability to thrive in emerging markets while navigating slower growth in more mature regions, showcasing resilience and strategic focus.

Hana Financial has reported a 6.5% year-over-year increase in net income for the third quarter of 2025, showcasing the company's strong financial performance and resilience in a competitive market. This growth is significant as it reflects effective management strategies and a robust business model, which could instill confidence among investors and stakeholders.

OP Pohjola, along with OP Corporate Bank and OP Mortgage Bank, has announced its financial calendar for 2026. This is significant as it provides stakeholders with a clear timeline of important financial events and reporting dates, helping investors and analysts plan accordingly.

Goldman Sachs' CEO has reassured investors by stating that there is no systemic risk in the credit market. This is significant as it reflects confidence in the financial system's stability, which can encourage investment and economic growth. By addressing concerns about potential risks, the CEO aims to bolster trust among stakeholders and mitigate fears that could lead to market volatility.

Standard Chartered's CEO has expressed confidence in the bank's portfolio as they approach their earnings report. This assurance is significant as it reflects the bank's stability and resilience in a challenging financial landscape, which can positively influence investor sentiment and market performance.