LUFTHANSA expects its acquisition of TAP Air Portugal to deliver up to €450 million in synergies.

BOC Governor MACKLEM said rising oil prices and higher refining margins are pushing up consumer and business costs, and pass-through to inf is likely to become more pronounced over the next year.

Sean Oliver, chief economist at Australian financial services group AMP, said Democratic gains in the U.S. midterms could prompt tighter regulation—notably in artificial intelligence—and, if seen as increasing chances of a Democratic return to the White House in 2028, raise market concerns about higher taxes. Those factors could be negative for U.S. equities and the U.S. dollar; markets appear to be starting to price that in. Oliver added a Democratic victory would not be unexpected, suggesting some of the impact should already be reflected in prices.