Economic Indicators

World stocks rally on strong earnings reports

Asian markets rose on Wednesday after big American companies reported strong earnings for the third quarter, soothing fears that rising interest rates may deter corporate investment.

In Khashoggi case, France says it's not Saudi-dependent

France's foreign minister says the French arms industry isn't dependent on sales to Saudi Arabia, suggesting that France need not prioritize its economic ties with the kingdom as it weighs the killing of Saudi journalist Jamal Khashoggi.

Business Highlights

___ Stocks rally on earnings a day after ending at 5-month lows NEW YORK (AP) — Stocks climb as strong results from a number of companies help the market regain a sliver of its recent losses.

End of austerity? Britain's poor to see little improvement

Much of Britain will continue to feel the effects of eight years of spending cuts, even after the government's Treasury chief heralded the end of austerity by splashing out billions of pounds for health, transportation and small business in his latest budget.