Business
U.S. stocks rallied on Wall Street as investors bought risk assets amid growing optimism that the federal government shutdown was nearing an end, with the Nasdaq up about 2.3%.
German automakers lost market share and saw electric-vehicle sales plunge in China and the U.S. as low-cost Chinese rivals and the end of Chinese subsidies intensified pressure.
Warren Buffett announced he would retire as Berkshire Hathaway CEO at year-end and would accelerate $1.3 billion in charitable donations, saying he was "going quiet."
Apollo Sports Capital acquired a majority stake in Atlético de Madrid, valuing the club at about €2.5 billion, with Gil Marín and Enrique Cerezo staying as CEO and president.
Global stocks rose and the FTSE 100 closed at a record high as U.S. senators advanced a measure to end a government shutdown, which lifted investor sentiment worldwide.
Norway’s sovereign wealth fund, Oljefondet, abstained from backing Helge Lund’s successor on Novo Nordisk’s board, DN reported, citing governance concerns and investor scrutiny.
Austrian businessman René Benko remained in pretrial detention for two months after a court extended his custody until mid-January; he faces charges including fraud and breach of trust.
Rumble, a U.S. video platform known for ties to right‑wing influencers and as host to Truth Social, bought German cloud and data‑center operator Northern Data.
