Archer Aviation has emerged as the winning bidder for Lilium’s extensive portfolio of advanced air mobility patents, ZagDaily.com reported. The California-based company has secured around 300 intellectual property assets for €18 million following a competitive process that also involved Joby Aviation and the Ambitious Air Mobility Group (AAMG). Announced at the NBAA Business Aviation Convention in Las Vegas, the deal marks the latest chapter in Lilium’s drawn-out insolvency proceedings and underscores the growing consolidation in the advanced air mobility (AAM) sector.

Supertanker freight rates surged this week and are set to stay elevated on U.S.-China tit-for-tat hikes in port fees and concerns about the fallout from U.S. sanctions on a major Chinese crude oil terminal, Reuters reported. Chinese retaliatory port fees announced on Friday would add more than $7 a barrel in shipping costs for a Very Large Crude Carrier linked to the U.S., traders estimated. That would be equivalent to a charge of around $15 million - a sum that would put anybody off chartering ships related to the United States.

Brazilian President Luiz Inacio Lula da Silva said on Wednesday that Brazil and the U.S. will hold negotiation talks on tariffs on Thursday, Reuters reported. Lula's remarks at an event in Rio de Janeiro followed a call between him and U.S. President Donald Trump last week in which Trump designated Secretary of State Marco Rubio to continue tariff negotiations with Brazilian officials. Brazilian Foreign Minister Mauro Vieira and Rubio agreed on a meeting last week.

Mexican lawmakers will pause until late November the discussion of a government proposal to impose tariffs of as much as 50% on cars, steel and other products imported from China and several Asian nations that don’t have a trade deal with the country, according to a top congressman, Bloomberg News reported. Ricardo Monreal, leader of the ruling Morena party in the lower house of Congress, said that lawmakers must be careful with the proposal and review it “very seriously.” “We’re going to put it on hold,” Monreal told journalists.

Mexico's annual inflation rate quickened in September at a pace slightly below expectations, official data showed on Thursday, but remained within the central bank's target range of 3% plus or minus a percentage point, Reuters reported. Consumer prices in Latin America's second-largest economy rose 3.76% in the year through September, according to national statistics agency INEGI. Consumer prices rose 3.57% in the previous month.

The Bank of Canada’s No. 2 official endorsed a competition shakeup in the highly concentrated financial-services industry, saying the country’s banking sector is an oligopoly and changes could help lift Canada’s prolonged productivity slump, the Wall Street Journal reported. Carolyn Rogers, the central bank’s senior deputy governor, on Thursday said Canadian authorities have done a stellar job in regulating banks by ensuring they have enough capital to survive shocks such as the 2008-09 financial crisis and the Covid-19 pandemic.

The U.S. is one week away from imposing port fees on certain vessels with links to China, a move expected to cost the top 10 carriers $3.2 billion next year as President Donald Trump seeks to address China's growing dominance on the high seas, Reuters reported. "While some observers believe the October 14 deadline may be extended — or even scrapped — as part of broader negotiations, the uncertainty has already unsettled carriers, adding another layer of geopolitical risk to fleet deployment strategies," S&P said in a report this week.

Premiers remain at odds over how best to respond to U.S. tariffs, a day after Prime Minister Mark Carney left a meeting in Washington without announcing any breakthroughs on a deal, BNN Bloomberg reported. Speaking at a conference in Toronto hosted by BMO and Eurasia Group, Ontario Premier Doug Ford said that he remains prepared to cut off shipments of energy, minerals and other exports if the U.S. doesn’t relent on tariffs. Alberta Premier Danielle Smith, also speaking at the U.S.-Canada Summit, said she still doesn’t support halting shipments south.

According to the latest MNP Consumer Debt Index data, Canadians' financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence. Three in ten Canadians say that they have reduced their utility consumption, while a quarter report eating less to save money. The Index dropped two points to 86 this quarter -- its lowest September reading since 2023. Read more.

A bankruptcy judge in New York said Oi S.A. can’t withdraw from the chapter 15 proceeding that recognized its Brazilian bankruptcy in the U.S., upending the Brazilian telecommunications company’s plan to pursue a chapter 11 case instead, WSJ Pro Bankruptcy reported. Judge Lisa Beckerman of the U.S. Bankruptcy Court in New York on Wednesday denied the company’s requests to terminate her March 2023 order recognizing its Brazilian bankruptcy in the U.S. and to dismiss the chapter 15 petition that led to that recognition order.