Business

Japanese carmaker Nissan says it will cut 9,000 jobs globally, after net profit in the April to September period plunged 93.5% year-on-year. The company has struggled with weak EV sales in China and has missed the hybrid boom in the US. But first, Germany's "traffic light" coalition has collapsed over differences on economic policy.  At the heart of the political feud is the country's "debt brake" system. Now enshrined in the constitution, it forces balanced budgets. 

Wall Street rallied on Wednesday, bitcoin hit a new record while German auto stocks plunged. As markets continue to digest Donald Trump's comeback, Chinese consumers are bracing for a possible new wave of punitive tariffs, but a new round of a trade war could hit China's economy harder than before. FRANCE 24's Yuka Royer speaks to economist Antonio Fatas of INSEAD, who says that the promised tariffs would ultimately lead to higher inflation and hurt American consumers. 

As American voters cast their ballots, the rest of the world is watching closely since the outcome of the election will have global implications, including on trade and the economy. FRANCE 24's Yuka Royer takes a closer look at what Donald Trump and Kamala Harris may do regarding trade and tariffs. Plus, French tyre giant Michelin announces a plan to shut down two plants amid flagging sales. 

The US economy is humming, with GDP expected to grow at a healthy clip, unemployment low and inflation coming down closer to the Federal Reserve's 2 percent target. Yet polls have shown American voters are worried about the state of the economy, with home prices going through the roof. Both Kamala Harris and Donald Trump have promised to bring them down. Plus, Boeing workers are voting on a new wage offer, which could end their seven-week strike. 

Union machinists vote Monday on whether to accept Boeing's latest contract offer of a 38 percent pay raise over four years and increased 401(k) contributions. Workers are fighting for the return of the company's pension plan, jettisoned in 2014 over cost concerns. China waits for the result of the US presidential election as Beijing prepares a new round of economic stimulus.

Chinese electric vehicle maker BYD saw its revenue top 200 billion yuan ($28 billion) in the third quarter, beating its US competitor Tesla for the first time on that particular metric. Sales have been boosted by Chinese government subsidies offered to consumers willing to trade in their petrol-powered cars for EVs or hybrids. Also in this edition, new figures show that Chinese e-commerce platforms Shein and Temu represent around a quarter of all postal packages delivered in France.

China is a top priority for US foreign and economic policy and the trade tensions between the world's largest economies are set to continue, regardless of who wins the US presidency. FRANCE 24's Beijing correspondent Yena Lee reports on the state of US-China tech rivalry. Also in the show: the UK government outlines £40 billion in tax hikes, in the first Labour budget in nearly 15 years. 

Four months after taking office, the UK's Labour government and its Finance Minister Rachel Reeves are unveiling their first budget to the House of Commons this Wednesday. In this edition, we take a look at the big spending items on the agenda and at how Prime Minister Keir Starmer's government is hoping to reduce the national deficit. Also in the show, we report on Chinese smartphone and house appliance maker Xiaomi's meteoric rise in the world of electric vehicles.

Influencers are being offered millions to support US presidential candidates … and they’re under no legal obligation to disclose it. We take a closer look. Also in this edition: Indonesia is trying to become a major player across the electric vehicle supply chain, but a wealth in raw materials might not be enough. Meanwhile, the EU has given a final green light to steep tariffs on Chinese electric cars. Plus, JPMorgan Chase customers who thought they could get "free" cash from ATMs after TikTok videos went viral may have to pay a hefty price.

The World Bank Group forecasts that oil and commodity prices as a whole will continue to fall next year, in a new "Commodity Markets Outlook" published this Tuesday. The World Bank's Deputy Chief Economist, Ayhan Kose, speaks to FRANCE 24 about the report's findings and what they could mean, especially for developing economies.