Economy

Japanese startup JPYC launched the world’s first yen-pegged stablecoin (JPYC), backed by JGBs, aiming to issue ¥10 trillion over 3 years.

Congressional Democrats maintain shutdown strategy, blaming Trump as 42M Americans risk losing SNAP food aid starting November 1.

Protesters in Iași shouted at Romanian President Nicușor Dan and demanded he go to Ukraine during his official visit to the city.

Kering sells Creed cosmetics division to L’Oreal for 4 billion euros, continuing its strategy to diversify from fashion and leather goods.

Launching a trucking company—or going out on your own as an owner-operator—means navigating insurance, filings, and customer requirements fast.

Nestlé plans to cut 16,000 jobs worldwide by 2027 under new CEO Philipp Navratil, aiming to save 3 billion francs through automation, digitalization, and restructuring.

French Prime Minister Sébastien Lecornu postpones pension reform until 2027, facing potential no-confidence votes from opposition parties.

India’s state-owned refineries begin paying for Russian oil in yuan, simplifying transactions and increasing access to crude shipments from Russia.

Moldova joined SEPA on October 6, enabling euro transfers at EU internal rates, reports Baltimore Chronicle.

Ukrainian MPs call to nominate Donald Trump for the Nobel Peace Prize and urge the Verkhovna Rada to include the petition on the parliamentary agenda.