Money

Apartment towers and construction cranes on the skyline of a South Korean city.

South Korea plans a housing supply help center to unstick stalled home builds

South Korea's land ministry plans a new bureau-level center to untangle permit delays and financing snags that are holding up private home construction.

A cigarette factory production line with packs of cigarettes moving along a conveyor belt.

Money5 Nov

Putin puts four Japan Tobacco factories in Russia under temporary control

Putin signed a decree on 5 November placing four Russian production sites of Japan Tobacco's overseas subsidiary under the temporary control of a Russian company.

Shoppers browse refrigerators and washing machines in a brightly lit home appliance store during a Black Friday sale.

Money5 Nov

Lotte Himart kicks off its biggest appliance sale of the year, running through Nov. 30

Lotte Himart's yearly 'Himart Black Friday' runs until Nov. 30 with coupons, bundle discounts of up to 6 million won and a handful of 9,900 won deals.

Money5 Nov

Samsung Electronics is getting a sixth labor union amid reports of internal rifts

A new union application has been filed with South Korea's labor ministry, which would add a sixth union at Samsung Electronics after reported divisions among members.

A Nintendo Switch 2 console with its Joy-Con controllers sitting on a table next to a game case.

Money5 Nov

Nintendo's quarterly profit slips as Switch 2 sales slow down

Nintendo's net profit dropped in the second quarter as Switch 2 unit sales slowed, yet the company is sticking to its ¥310 billion full-year profit forecast.

The Bank of Russia headquarters building in Moscow on an autumn day.

Money5 Nov

Russia's central bank says the economy is running hot again in Q3

Russia's central bank says the economy grew moderately in the third quarter and has slipped back into overheating, with demand outpacing what firms can produce.

An oil pumpjack silhouetted against a sunset sky, with a price chart overlay suggesting falling crude prices.

Money5 Nov

Oil falls for a fourth day as US election results ease Iran war fears

Brent slipped to about $93.82 a barrel on Thursday as markets bet that Republican losses in the midterms make a wider war with Iran less likely.

Gold bars stacked next to a screen showing rising price charts.

Money5 Nov

Gold jumps to a two-week high as the dollar slips after US midterms

Gold climbed nearly 2% to about $4,135 an ounce, its highest in two weeks, as the dollar and US bond yields fell after the Democrats' midterm gains.

Trucks and cars queue at a busy Saudi land border crossing on a highway at sunrise.

Money5 Nov

Saudi land borders handled 70.7 million passengers in 2025, up 7.2%

Saudi Arabia's land crossings saw 70.7 million travellers in 2025, while freight rose to 26.8 million tonnes and road deaths climbed, official figures show.

Members of Poland's Sejm voting in the chamber during a late-evening session on tax changes.

Money5 Nov

Poland's Sejm passes the PIT and CIT tax changes again, 236 to 207

Poland's Sejm has voted a second time for a new PIT rate and bracket and a higher CIT for the biggest firms. The vote was 236 to 207.

Rows of Coca-Cola bottles on a production line at a bottling plant.

Money5 Nov

Coca-Cola HBC shares plunge 18% over fears for its Russian business

Shares of Swiss-based Coca-Cola HBC fell 18% after reports that a Russian brewer asked Putin to put its former Russian bottler under external management.

An Orlen petrol station in Poland with fuel prices displayed on a large roadside sign.

Money5 Nov

Orlen can afford its 2.4 bn zloty windfall tax, but warns of investment cuts

Poland's fuel giant Orlen made over 21.4 bn zloty in nine months, enough to pay its windfall tax. But it says spending may fall short and Lithuania is a worry.

Members of Poland's Sejm voting in the lower house chamber in Warsaw.

Money5 Nov

Poland's Sejm passes new PIT bracket: 24% tax for income above 130,000 zł

Poland's lower house voted 236 to 207 for a new 24% income tax bracket, a higher threshold for the 12% rate and a bigger corporate tax for large firms.

A trader looks at screens showing sharply falling stock indices on the floor of the New York Stock Exchange.

Money5 Nov

Nasdaq drops 5.5% in one day as Democrats' midterm win rattles AI stocks

Two days after the Democrats' midterm wave, the Nasdaq lost 5.52%, its worst day since April 2025, as investors worried about AI data centers and new rules.

An empty office desk with a laptop and a chair pushed back, suggesting an employee absent on sick leave.

Money5 Nov

Spanish firms want to stop paying sick leave and hand control to mutuas

Eight in ten Spanish employers want sick-leave rules reformed, yet 85% admit they have no preventive protocols, a Chamber of Commerce study finds.

A shopper looks at fresh fruit and vegetables on shelves in a UK supermarket.

Money5 Nov

El Niño could push up your supermarket bill from early 2027, Bank of England warns

The Bank of England says extreme weather linked to El Niño could add about 2 percentage points to UK food prices, with fruit and veg likely to rise first.

The Bank of England building in the City of London on a grey day, with people walking past in the foreground.

Money5 Nov

Bank of England raises interest rates to 4% for the first time in three years

The Bank of England has lifted its base rate from 3.75% to 4%, the first rise since August 2023, and warned another hike is likely if the US-Iran war drags on.