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Nike shares fell as it signaled a turnaround from a rocky period would take time

Nike Earnings Drop, Says Turnaround Will Take Time

Nike reported a drop in profits Tuesday on sagging revenues as the sports giant cautioned that a turnaround from a rocky period would take time under a new CEO. The athletics company's financials showed lower sales in every operating region, as its CFO pointed to lackluster store traffic in China and excess inventories in leading markets.
Turkey's President Recep Tayyip Erdogan casts himself as a leader among Sunni states but must tread carefully with Iran

Hezbollah Losses Strengthen Turkey Against Iran: Analysts

Israel's onslaught against Hezbollah in Lebanon is reassuring for Turkey, which could seize the opportunity to strengthen its regional influence in the face of its rival Iran, analysts told AFP. Despite being one of Israel's fiercest critics, Turkey has been measured in its response to the blows struck against the Shiite militant group, armed and financed by Tehran, including the killing of its leader Hassan Nasrallah.
Former US president Donald Trump made no mention of his running mate J.D. Vance or the vice presidential debate set to begin just hours after the Republican flagbearer spoke at a factory in Waunakee, Wisconsin

Vance, Walz Set For US VP Debate Clash

US vice presidential contenders J.D. Vance and Tim Walz face off in what could be an unusually important undercard debate Tuesday as they compete for decisive votes in America's heartland just weeks before the election.
Israel's Iron Dome system intercepts rockets along the border with Lebanon on September 29, 2024

Iron Dome: Israel's Key Anti-missile Shield

Israel's Iron Dome air defence system has intercepted thousands of rockets since it went into operation in 2011, providing the country with crucial cover during times of conflict.
A placard celebrating former US President Jimmy Carter's 100th birthday and a Trump campaign sign are displayed outside of a residence in Plains, Georgia

Former US President Jimmy Carter Turns 100

Jimmy Carter celebrated his 100th birthday on Tuesday -- the first ever US president to reach the century mark and another extraordinary milestone for the one-time peanut farmer who found his way to the White House.
The annual rate of inflation for the 20-country eurozone was the lowest since April 2021

Eurozone Inflation Falls Under 2% For First Time Since 2021

The eurozone's annual inflation rate fell to its lowest level in three-and-a-half years in September, official data showed Tuesday, dropping below the European Central Bank's two-percent target and fuelling expectations of a rate cut.
US labor strike

US Dockworkers Launch Strike After Labor Contract Expires

A strike at the Port of Virginia "began at 12:01 am," the port said on its website, adding that talks between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) shipping group "have reached an impasse."
US labor strike

US Port Officials Gird For Strike Despite Last-minute Bargaining

Business group United States Maritime Alliance (USMX) announced late in the day that counter-offers had been exchanged with the International Longshoremen's Association (ILA), but tens of thousands of dockworkers could still walk off the job after midnight at the expiration of their six-year contract unless more concrete progress was made.

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