Business & Markets
Business and financial news covering markets, banking, fintech, accounting and cash-flow pressure, with analysis of economic risks and company distress.
Google Cloud London Power Outage Took UK Bank Apps Down
French Spread Hits Record Weekly Widen as Revenue Plan Fails
France's finance committee rejected the 2027 budget's revenue section on Oct. 9, leaving roughly €54 billion in spending cuts to carry a 5.1%-of-GDP deficit. The Franco-German 10-year spread widened more in a week than at any time since 1990.
Rupee below 96 as RBI reserve defense strains
The rupee slid below 96 per dollar for about ten sessions in a row, with the RBI's reserves down $18.3 billion in the week ended Sept. 25 as oil import bills and FPI outflows drain the pool. The Oct. 7 repo hike to 5.50% targets inflation, not the currency, leaving reserve defense as the binding…
BaFin Rejects Bitcoin Group MiCA Application
Germany's BaFin rejected Bitcoin Group SE's MiCA application on October 7, cutting the firm off from direct EU crypto access. Bitcoin.de has been halted since June 2026, and the group's restart hinge on a partner-based model while its Q1 revenue fell roughly 58% year-on-year.
U.S. 10-Year Treasury Yields Cross 5.5%
