Heidrick & Struggles merger clears key antitrust hurdles in US, Germany, and Australia

Germany's Renk has raised its midterm revenue guidance, anticipating growth driven by increased demand for military equipment in Europe, particularly fighting vehicles. The company expects this growth to accelerate from 2028.

Swiss watch exports experienced a decline for the third consecutive month in October, primarily due to the impact of trade tariffs imposed by the United States under President Donald Trump's administration. This trend reflects ongoing challenges faced by the Swiss watch industry amid changing trade dynamics.

Switzerland's exports to the US declined in October, reflecting ongoing instability in their trade relations prior to a recent agreement to reduce President Donald Trump's 39% tariffs.

The United States has approved a $93 million sale of the Javelin anti-tank system and Excalibur projectiles to India. This transaction is part of the U.S. strategy to strengthen defense ties with India, enhancing its military capabilities amid regional security challenges.

Australia's stock market closed higher, with the S&P/ASX 200 index rising by 1.24%. This positive performance reflects investor confidence amid ongoing economic conditions. The increase indicates a favorable trading environment for Australian equities.

Iron ore shipments from a major Australian export terminal reached a record high for October, driven by resilient demand from China despite ongoing economic challenges. This surge highlights the strength of the iron ore market amidst fluctuating global conditions.

H.E. Ashwini Vaishnaw, India's Union Minister for Railways, Information & Broadcasting, Electronics & IT, discussed India's ambitions to compete with the US and China in technology at the 2025 Bloomberg New Economy Forum in Singapore. He emphasized the country's efforts to develop its semiconductor ecosystem and foster entrepreneurial growth.

China's exports of rare-earth magnets to the US reached their highest level since January last month, coinciding with trade negotiations aimed at stabilizing the flow of these critical industrial components. This surge reflects the ongoing importance of rare-earth materials in various industries, particularly in the context of US-China trade relations.