Business

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Hegseth reportedly fires U.S. top military planner as Trump downplays Iran peace talks

Lieutenant General Brett Sylvia was removed as head of strategy, plans and policy on the Joint Chiefs of Staff.

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Venezuela Orders Action to Win Back Gold

Venezuela’s acting president ordered legal and diplomatic action to recover its gold in London on 28 October. UK courts and US rules shape what comes next. The post Venezuela Orders Action to Win Back Gold appeared first on The Rio Times .

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UK Budget Is Bond-Friendly But Healey Warns of Hard Decisions Ahead

The chancellor warns on future spending decisions

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Venezuela Gold Doubles in Value in London

The tonnage comes from Venezuela, while court papers gave only a dollar value. The higher gold price raises the stakes in the custody fight. The post Venezuela Gold Doubles in Value in London appeared first on The Rio Times .

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South African Bank Absa Expands to Dubai

South Africa’s Absa Group has expanded to Dubai’s DIFC. The bank aims to use the location to better support trade and investment flows between Gulf and African markets. Absa International Chief Executive Cheryl Buss spoke to Bloomberg's…

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Bharat Petroleum Plans US$1.8B in Mozambique

India's state refiner Bharat Petroleum plans another US$1.8 billion for its 10% stake in Mozambique's Area 1 gas project, which is about 45% built. The post Bharat Petroleum Plans US$1.8B in Mozambique appeared first on The Rio Times .

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Kochugovindan: Two Dissents Shows Fed Independence

The Fed held interest rates as largely expected but did not offer a clear signal on their movement in the next meeting in December. Sree Kochugovindan, Senior Research Economist at Aberdeen Investments spoke to Bloomberg’s Abeer Abu Omar…

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Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high

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ArcelorMittal Liberia Says US$4B Is Invested

ArcelorMittal Liberia says its investment is close to US$4 billion and wants iron ore exports above 20 million tons, its chief executive said on 28 October. The post ArcelorMittal Liberia Says US$4B Is Invested appeared first on The Rio…

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Lloyds Beats Estimates on Rise in Fees and Interest Income

Lloyds Banking Group Plc beat profit estimates in the third quarter, driven by both an increase in interest income and fees, and maintained its guidance through the end of the year.

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Ivory Coast Deficit Reaches US$3.75 Billion

Ivory Coast's audit court told lawmakers on 28 October 2026 that the 2025 state deficit was about 2,208 billion CFA francs, or US$3.75 billion. The post Ivory Coast Deficit Reaches US$3.75 Billion appeared first on The Rio Times .

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South Africa’s 16.9% Fall Hides 1.3% Dip

The September count was 835,380 tourists, down from 1,005,286 in August and 846,367 in September 2025. Statistics South Africa gave no reason. The post South Africa’s 16.9% Fall Hides 1.3% Dip appeared first on The Rio Times .