Economy news · 25 October 2026
Meta Ordered to Pay $25 Billion Over Facebook Privacy Deceptions
A New Mexico judge ordered Meta to pay a record $25 billion fine after a jury found it misled Facebook users about who could access their personal data, in one of the largest state verdicts against a company in U.S. history.
Bitcoin Recovers to $80,800 After Weekend Rout as Fed Decision Looms
Bitcoin clawed back above $80,000 on Sunday after a sharp weekend sell-off that wiped out $810 million in liquidations, with traders watching the Federal Reserve's rate decision later in the week.
Gucci Owner Kering Shares Sink 11% as Luxury Sector Faces Tough Winter
Shares in French luxury group Kering fell roughly 11% after Gucci reported further sales declines, dragged down by weak Chinese demand and Middle East tensions clouding the wider luxury sector.
White House Shuffles Canadian Tariff List Ahead of U.S. Midterm Elections
The Trump administration has removed some Canadian goods — including seaweed and packing boxes — from its 50% tariff list while adding others such as cocoa powder and vinyl flooring, in a reshuffle credited largely to Maine Senator Susan Collins.
India's Tech Job Openings Hit 18-Month High, but Entry-Level Roles Stay Scarce
India's technology sector recorded its highest number of active job openings in 18 months in October 2026 — 1.23 lakh vacancies — but only around 15,000 positions are entry-level, leaving fresh graduates largely on the margins of the rebound.