Industry News
Current developments across business and industry, selected for leaders.
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Democrats win both houses of Congress, and markets bet on gridlock
Democrats took the House and Senate in the US midterms. Stock futures rose, the dollar and oil eased — with consequences for Georgia’s inflation…
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Oil falls more than 4% as Iran talks in Doha produce a draft proposal
Brent dropped below $109 on Monday as a draft proposal from Qatari-mediated talks eased supply fears. Gulf shipping risks persist.
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OPEC+ holds December output steady as the harder 2027 decision looms
OPEC+ kept December targets unchanged on 1 November, with Brent near $118. The real test — 2027 quotas — comes on 29 November.
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Big Tech’s AI Bill Comes Due: What This Week’s Earnings Showed
Cloud revenue is booming, but record AI spending pushed Alphabet and Amazon into negative free cash flow, and investors reacted.
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Oil Above $118 as Attacks in the Strait of Hormuz Escalate
Brent crude has risen nearly 19% in a month and more than 80% in a year as attacks on tankers disrupt the world’s most…
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ECB Holds at 2.50% as Lagarde Announces an Early Departure
The European Central Bank paused its hiking cycle on 29 October, while its president said she will step down in February.
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The Fed Holds Rates, With Two Officials Voting for a Hike
The Federal Reserve kept its target range at 3.75%–4.00% on 28 October and gave no clear signal about December.
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Tbilisi Housing: Sales Up, Mortgage Lending Up 46%
Apartment transactions and mortgage volumes are rising fast, helped by a lower minimum down payment, while inflation keeps policy rates high.
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J.P. Morgan Adds Georgian Lari Bonds to Its Emerging-Market Index
Inclusion in a $328 billion index puts Georgia’s local-currency government debt in front of global fund managers.
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Anaklia Deep Sea Port: A Smaller, State-Led Plan
The government has moved to a “landlord” model with a first-stage budget of about $1.1 billion and a target of receiving the first vessel…