ExxonMobil Reports $15.4 Billion Third-Quarter Profit as Refining Earnings Surge
The US oil producer's adjusted earnings reached $17.5 billion, with stronger fuel-refining margins offsetting pressure on its upstream business.
Saturday, 7 November 2026
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Global developments and international news.
Latest World
Eurozone Unemployment Stays at 6.5% as September Jobless Count Rises
New Eurostat figures show 11.555 million unemployed people in the euro area, with the headline rate unchanged but the number seeking work higher than in August.
EIB and Deutsche Bank Agree €560 Million Financing Partnership for European Space Firms
The agreement is intended to support investment in satellites, launch systems and other space technologies across the EU, with financing yet to be allocated to individual firms.
China's ICBC Reports Nearly 10% Third-Quarter Profit Growth
Industrial and Commercial Bank of China reported quarterly net profit of 111.96 billion yuan, with nine-month earnings also higher than a year earlier.
BP Reports $8.46 Billion Third-Quarter Underlying Profit as Refining Margins Surge
BP's underlying replacement-cost profit nearly quadrupled from a year earlier, helped by stronger fuel refining and trading, while net debt fell sharply.
Germany's Adjusted Unemployment Rises by 4,000 in October Despite Seasonal Decline
Germany's seasonally adjusted jobless count increased to 3.016 million while the unadjusted total fell below 3 million, reflecting a subdued labour market.
Italy's Economy Stalls in Third Quarter as GDP Misses Growth Forecast
Italy's preliminary third-quarter GDP estimate shows no quarterly growth and a 0.8% annual increase, undershooting economists' expectations.
Spain's Economy Expands 0.6% in Third Quarter as Growth Moderates
Preliminary figures show Spanish output continued to rise between July and September 2026, though quarterly growth eased from 0.7%; the central bank expects full-year expansion of 2.6%.
Toyota and Waymo Plan Autonomous bZ4X Testing in Japan in 2027, With UK Expansion Later
The automaker and self-driving developer outlined plans to build and test electric vehicles equipped with Waymo technology in Japan before considering wider overseas deployment.
Capgemini Raises 2026 Revenue Outlook as Third-Quarter Sales Grow 11.7% at Constant Currency
The French IT services group increased its annual growth forecast after reporting €6.07 billion in quarterly revenue, although acquisitions contributed materially to its expansion.
France GDP Contracts 0.1% in Third Quarter as Exports and Investment Fall
Preliminary figures show France's economy slipped in July–September 2026, with weaker exports and investment offsetting growth in household consumption.
Japan Industrial Production Rebounds 2.2% in September After August Decline
Preliminary figures show stronger factory output led by vehicles and machinery, while the government maintains a cautious assessment of production trends.
South Korea's Industrial Output Rises 3% as Chips and Cars Drive September Rebound
Production, retail sales and equipment investment all increased from August, though official figures show some annual measures remain weaker.
Australian Producer Prices Rise 1.1% in Third Quarter as Construction Costs Persist
Official data show annual producer price growth holding at 3.6%, with construction and services costs offsetting weaker petroleum manufacturing prices.
Hawaii Visitor Spending Falls 9% as September Storms Disrupt Tourism
State figures show visitors spent $1.41 billion in September, while hurricane damage and shortened stays hit Kauai particularly hard.
Bank of Japan Holds Interest Rate at 1.25% as Inflation Risks Rise
Japan's central bank voted 8–1 to keep borrowing costs unchanged, while lifting its inflation outlook and leaving the possibility of further increases open.
Singapore Layoffs Rise to 4,800 in Third Quarter Even as Employment Grows
Advance labour-market data show the highest quarterly layoffs since late 2020, alongside a 27,700 increase in employment and a stable overall jobless rate.
Twilio Raises Annual Sales Growth Forecast Despite Slower Fourth-Quarter Outlook
Third-quarter revenue increased 20% to $1.56 billion, but the communications software company expects organic growth to slow in the final quarter even as it raises full-year targets.
Coinbase Returns to Profit as Cryptocurrency Trading Revenue Falls 43%
The US exchange reported $718.7 million in third-quarter profit, helped by investment gains and lower expenses, while revenue from transactions declined sharply from a year earlier.
Illumina Raises 2026 Sales Guidance as Quarterly Genomics Revenue Grows
The DNA sequencing company reported $1.13 billion in third-quarter revenue and lifted its annual sales and adjusted earnings targets, while separating tariff-related accounting effects from operating trends.