The Business Times

The US Federal Reserve has raised interest rates for the first time since 2023, according to ABC News. A rate hike would mark a reversal from the easing cycle of recent years and would affect borrowing costs for mortgages, credit cards and businesses across the American economy. Markets and households will be watching for signals on whether further increases are planned.

The Financial Times reports that US companies are increasingly adopting cheaper 'open' AI models rather than relying solely on costly proprietary systems from major vendors. Businesses are drawn to open models for their lower cost and greater flexibility, a shift that could reshape how enterprises buy artificial intelligence and put pressure on providers of expensive closed systems.

Discussion is circulating around the potential consequences of a US ban on diesel exports. Observers are weighing what restricting American diesel shipments abroad could do to fuel prices, supply availability, and costs for consumers and businesses. The topic has drawn attention as people consider how such a policy shift might affect everyday expenses like transport and goods pricing.

Nvidia announced OpenShell, a new platform it says can stop AI agents from going rogue by adding safeguards and control mechanisms around autonomous systems. The company is positioning the tool as a safety layer for businesses deploying AI agents, as concerns grow over autonomous software acting unpredictably or outside its intended limits.

SpaceX is preparing for the 14th test flight of its Starship rocket, which the company describes as a milestone mission. In parallel, NASA has updated the timing of its mission to the International Space Station, a programme closely tied to SpaceX hardware. The developments point to a busy stretch for commercial spaceflight, with Starship's progress relevant to both future lunar missions and NASA's station logistics plans.

A New York Times DealBook piece examines how artificial intelligence is making law firms more efficient, cutting the hours needed for research and document work. Clients, who traditionally pay by the billable hour, are now demanding discounts reflecting those savings, while firms worry about losing revenue and grapple with whether the century-old billing model can survive automation.

Analysts surveyed by the Financial Times expect insurance premiums to increase again in 2026, continuing the upward trend in pricing across the sector. The outlook points to further cost pressure for households and businesses, with forecasters citing ongoing claims inflation and market conditions as reasons rates are unlikely to ease next year.

Iran's Central Bank has adopted six key measures intended to facilitate foreign trade, according to Tehran Times. The steps are aimed at easing procedures for importers and exporters, though the outlet's report gives no further detail on the specific measures or their expected impact. The announcement comes amid ongoing pressure on Iran's external trade and currency position.

The Russian government has suspended audits for companies that have been targeted in Ukrainian attacks. The Moscow Times reports the move, which appears intended to relieve businesses affected by drone and missile strikes from regulatory inspections during recovery. The decision highlights how Moscow is adjusting oversight rules for firms operating in regions touched by the war.

Oil-field service companies are preparing to report quarterly results that are expected to show how the war has affected their business. Investors and analysts will be watching the earnings season in the energy sector for signs of how conflict-driven costs, supply disruptions and shifting demand for drilling and oilfield services have filtered through to the bottom line of major providers.

Goldman Sachs is reported to be enjoying a sharp rise in fees from its hedge fund business, according to a Financial Times report on what it calls the bank's hedge fund fee bonanza. The item suggests the Wall Street bank is extracting strong revenues from hedge fund clients, though the full details behind the gains remain sparse in the available reporting.

Hong Kong Financial Secretary Paul Chan says the city can offer AI governance solutions to major economies. He argues Hong Kong's regulatory approach and experience with emerging technologies position it as a useful reference point as governments worldwide grapple with how to oversee artificial intelligence development.

Reports indicate China may permit Alibaba and ByteDance to purchase Nvidia's new RTX Pro 5500 chips, a potential easing of restrictions on advanced US semiconductors for Chinese companies. The news matters for Nvidia's China business and for major Chinese tech firms' AI and computing plans, though details on scope and timing remain limited.

A University of Chicago Booth School of Business economist argues that taxing artificial intelligence, rather than letting it replace workers tax-free, could slow job displacement and protect employment. The idea revives debates over robot taxes, with supporters saying it would give workers time to adjust and critics warning it could slow innovation and productivity growth.

New software tools are making it easier for United States e-commerce sellers to enter European markets, according to an E-Commerce Times report. The tools are said to lower barriers such as logistics, compliance and cross-border payments, letting smaller merchants sell to European customers. Details on which tools and companies are involved were not provided.

A psychologist says business leaders are suffering under the pressures created by artificial intelligence, according to a Forbes report. Leaders face constant pressure to adopt AI tools, keep pace with rapid change, and answer to boards and employees expecting an AI strategy. The piece suggests this sustained demand is taking a measurable toll on executives' mental wellbeing.

Bloomberg asks whether artificial intelligence is making the traditional annual corporate budget obsolete. The discussion centres on companies tied to budgeting and financial planning, including ASAN, FERG and NAVN. As AI enables continuous forecasting and real-time planning, questions are being raised about whether once-a-year budget cycles still make sense for modern businesses and the software firms that serve them.

Lowe's Companies has started a pilot program offering drone delivery with a roughly 20-minute turnaround for customers. The home improvement retailer is testing the service as part of a broader push by retailers to speed up last-mile delivery using drones. The move puts Lowe's alongside other major chains experimenting with aerial delivery to cut delivery times and costs.

A report in the Philippines suggests that businesses and consumers have become less pessimistic even as the war continues, indicating some easing of negative sentiment about the economic outlook. The piece, published by The Manila Times, is categorised under banking and finance coverage, though no further details are available from the headline alone.

The Athletic, the sports desk of The New York Times, has published the Premier League fixtures scheduled for 17 December 2026, part of its coverage of the 2026-27 season. The listing gives fans the match schedule for that midweek date, with supporters checking which clubs are in action and planning around the busy winter calendar.

Valley National Bancorp announced an agreement to acquire Bluevine Inc., a digital small business banking provider. The deal is intended to speed up the bank's digital small business growth strategy and strengthen its core funding capabilities. Details on price, timing and regulatory approval were not included in the initial announcement.

Buying sentiment in the Seoul housing market has declined for the first time in four months, according to Maeil Business Newspaper. The report suggests the recent momentum in home purchases in the South Korean capital may be cooling, marking a shift after a sustained period of growing buyer appetite. Analysts and prospective buyers are watching to see whether this signals a broader slowdown in the Seoul property market.