Global Glance: China economic growth holds steady; Clinton, Trump set for last debate

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Here are today’s top business headlines from across the nation and world:

China economic growth holds steady as retail spending rises

BEIJING (AP) — China’s economic growth held steady in the latest quarter, shored up by a bank lending boom and consumer spending that helped make up for weaker trade. The world’s second-largest economy grew by 6.7 percent in the three months ending in September compared with a year earlier, data showed Wednesday. That was in line with the two previous quarters and better than some forecasters expected. Read more

Clinton, Trump set for last debate as race nears finish

WASHINGTON (AP) — Hillary Clinton and Donald Trump’s ugly and acrimonious battle for the White House is barreling toward the end, with the candidates taking the debate stage Wednesday night for one final primetime showdown. For Trump, the debate is perhaps his last opportunity to turn around a race that appears to be slipping away from him. His predatory comments about women and a flood of sexual assault accusations have deepened his unpopularity with women and limited his pathways to victory. His supporters remain intensely loyal, but there are few signs he’s attracting the new backers he desperately needs. Read more

Starbucks plans to double stores in China in 5 years

NEW YORK (AP) — Starbucks is pushing ahead with its expansion into China and said Wednesday that it is on track to having 5,000 stores there by 2021, more than doubling the number of coffee shops it currently has in the country. The coffee chain is looking to China to fuel the company’s growth. Starbucks CEO Howard Schultz has said that China could one day surpass the U.S. as its largest market. Starbucks Corp., which is based in Seattle, has about 13,000 stores in the U.S. Read more

Yahoo stumbles again in 3Q, raising stakes on Verizon deal

SAN FRANCISCO (AP) – Yahoo stumbled through another rough patch in the third quarter, ramping up the pressure on the slumping internet company to complete its $4.8 billion sale to Verizon Communications. The results released Tuesday represented Yahoo’s first financial update since announcing in late July its deal to sell its digital operations to Verizon. Read more

As territory shrinks, IS group looks for new money sources

WASHINGTON (AP) — As the Islamic State group sees its territory shrink to half its original size and its dreams of a caliphate evaporate, the extremist fighters are losing access to the sources of revenue that once gave them their power, prompting them to turn to extortion, kidnapping or foreign donations like their predecessors, the militant group al-Qaida. The Islamic State group had a unique ability to capitalize on the natural resources of its territory in Iraq and Syria and swiftly implement a system of taxation and governance that allowed it to rule an area that once was the size of Switzerland. Read more

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