Author: josh
Left-wing firebrand Catherine Connolly elected president of Ireland in landslide | Fortune
Ireland’s president for the next seven years is an independent lawmaker who has long spoken in support of Palestinians and has been vocal about her distrust of European Union policies. Left-wing independent Catherine Connolly, 68, secured 63% of votes in a landslide election victory on Saturday, comfortably defeating her center-right rival, former Cabinet minister Heather Humphreys. The politician won after Ireland’s left-leaning opposition parties, including Sinn Féin, united to back her, and she is expected to be a voice unafraid to challenge Ireland’s center-right government. While Irish presidents hold a largely ceremonial role and do not have executive powers like shaping laws, they…
President Javier Milei’s party is on track to finish first in Argentina’s midterm vote in early counting, putting the libertarian leader on the brink of a major comeback from a September local election defeat that prompted a market selloff and a US financial lifeline. Milei’s party, La Libertad Avanza, received 41% of votes with 92% of ballots counted, according to data published by Interior Minister Guillermo Francos on Sunday. The main chapter of the rival Peronist party had 24.5% of votes, a much lower level than it garnered in a runaway victory over Milei in a Buenos Aires province vote…
This coming week is the one time of the year when the U.S. and Europe are out of sync. Here’s why | Fortune
For a week every October, people organizing international catch-ups and meetings on both sides of the Atlantic may be briefly confused: Did I just miss that conference call? Why is my grandmother calling me so early? Most people quickly remember: It’s that strange time each fall when Europe and the United States are out of sync as they switch from daylight saving time to standard time. Most countries do not observe daylight saving time. And for those that do — mostly in Europe and North America — the date of the clock change varies, partly because of how time-related laws were developed…
Boeing workers who make military aircraft and weapons reject latest offer, extending months-long strike | Fortune
Boeing workers at three Midwest plants where military aircraft and weapons are developed voted Sunday to reject the company’s latest contract offer and to continue a strike that started almost three months ago. The strike by about 3,200 machinists at the plants in Mascoutah, Illinois, and the Missouri cities of St. Louis and St. Charles is smaller in scale than a walkout last year by 33,000 Boeing workers who assemble commercial jetliners but threatens to complicate the aerospace company’s progress in regaining its financial footing. “Boeing claimed they listened to their employees – the result of today’s vote proves they have not,” Brian Bryant,…
Transportation secretary threatens to take $160 million from California over commercial driver’s licenses for noncitizen truckers | Fortune
U.S. Transportation Secretary Sean Duffy warned Sunday that he is about make good on a threat to revoke millions in federal funds for California because he says the state is illegally issuing commercial driver’s licenses to noncitizens. In an appearance on Fox News Channel’s “Sunday Morning Futures,” Duffy said Gov. Gavin Newsom has refused to comply with Department of Transportation rules that require the state to stop issuing such licenses and review those already issued. “So, one, I’m about to pull $160 million from California,” Duffy said. “And, as we pull more money, we also have the option of pulling…
Gavin Newsom says he’ll consider White House bid after 2026 midterms — ‘I’d be lying otherwise’ | Fortune
California Gov. Gavin Newsom, a leading Democratic critic of President Donald Trump, says he will consider running for the White House in 2028 after the midterm elections next year. Asked in an interview with “CBS Sunday Morning” whether if would be fair to say he would give a campaign serious thought after the November 2026 vote, the term-limited governor said, “I’d be lying otherwise.” Newsom has been trying to raise his national profile, adopting a combative style that parodies Trump’s social media strategy with similar all-caps posts, memes and merchandise. The Democratic governor has sparred with the Republican president over the deployment…
Dow futures jump 300 points as U.S.-China trade war heads for ceasefire while Wall Street eyes another Fed rate cut and earnings from AI giants | Fortune
U.S. stocks signaled another rally on Sunday night after the Trump administration negotiated a framework for a trade deal with China that should avoid mutual assured destruction. Treasury Secretary Scott Bessent offered rough outlines of an agreement that include China easing rare earth export restrictions and buying “significant” amounts of U.S. soybeans in exchange for President Donald Trump removing his threat of adding 100% tariffs on China. Trump and Chinese President Xi Jinping are scheduled to meet Thursday on the sidelines of a regional economic conference in South Korea, where they will determine the final details of a deal. Futures tied…
What Saudi Arabia and Bangladesh can teach Silicon Valley | Fortune
The way Saudi entrepreneur Mohammed Aldossary sees it, innovators are animated by the same motivations whether they are in Silicon Valley, the Arabian peninsula or in South Asia: they want to solve vexing problems at scale. “What excites talent, what excites the community is to go build around those needs,” Aldorassy told the Fortune Global Forum on Sunday in Riyadh, Saudi Arabia. He is the founder and CEO of SILQ, the result of the merger in April between Saudi business-to-business marketplace Sary, which connects small businesses with manufacturers to buy supplies, and Bangladesh’s ShopUp, which offers similar services. Aldorassy said…
Bessent calls anti-tariff Reagan ad ‘psy-ops’ and says the U.S. rescue of Argentina still counts as ‘America first’ because it helps an ally | Fortune
Treasury Secretary Scott Bessent had sharply contrasting views of longtime U.S. ally Canada, which is a top target in President Donald Trump’s trade war, and Argentina, which is getting a U.S. currency lifeline. In an interview Sunday on NBC’s Meet the Press with Kristen Welker, he was asked about the additional 10% tariff Trump said he will impose on Canada due to an anti-tariff TV ad that Ontario’s government aired. “This is a kind of propaganda against U.S. citizens. It’s psy-ops,” Bessent replied, using shorthand for psychological operations. The ad features remarks from President Ronald Reagan criticizing tariffs. Ontario’s premier said…
FAA halts flights heading to LA International Airport due to staffing shortages amid government shutdown | Fortune
The Federal Aviation Administration said flights departing for Los Angeles International Airport were halted Sunday morning due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed and canceled in the coming days as the nation’s air traffic controllers work without pay during the federal government shutdown. During an appearance on the Fox News program “Sunday Morning Futures,” Duffy said more controllers were calling in sick as money worries compound the stress of…