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Global Business

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AI 'most consequential change' to US and global economies in my lifetime: Fed Chair Kevin Warsh

Federal Reserve Chair Kevin Warsh called artificial intelligence the most consequential change to the US and global economies in his lifetime, cautioning that its near-term impact on employment remains uncertain. Speaking with IMF chief Kristalina Georgieva, he also flagged global investment growth, rising prices and the Feds commitment to price stability.

The Economic Times 16 Oct 2026 9:26 am

Hyundai to recall over 94,600 US vehicles over seat motor fire risk: NHTSA

The recall covers certain 2015-2016 Hyundai Genesis and 2017-2020 Genesis G80 models, with owners advised to park outdoors and away from other vehicles or structures until repairs are completed

Business Standard 16 Oct 2026 9:06 am

Saudi organisers say 2027 Asian Cup 'on schedule' after attacks

Saudi Arabia's local organizing committee confirmed that the 2027 Asian Cup preparations remain on schedule despite recent Houthi attacks. The tournament is set to take place in January, with matches scheduled in Jeddah, Riyadh, and Al Khobar. Asian Football Confederation President Sheikh Salman bin Ebrahim al-Khalifa stated that a decision could be made by the end of November. He indicated the possibility of postponing the competition to 2028 if necessary.

The Economic Times 16 Oct 2026 8:41 am

Hyundai to recall over 94,600 US vehicles over seat motor fire risk

Hyundai Motor America is recalling 94,622 vehicles in the US over a fire risk caused by overheating seat motors. The affected vehicles include certain models from 2015 to 2020, such as Hyundai Genesis. Owners have been advised to park their cars outdoors and away from other structures until the issue is resolved. Hyundai is currently developing a remedy for the recall and estimates a 1% defect occurrence.

The Economic Times 16 Oct 2026 8:22 am

Rubio urges Lebanon to not return confiscated explosives to Hezbollah: US official

US Secretary of State Marco Rubio spoke with Lebanese President Joseph Aoun regarding Hezbollah's seized explosives and accountability. Aoun affirmed the Lebanese armys commitment to preventing armed displays and confiscating weapons. Rubio then urged military communication between Lebanese and Israeli forces for safety measures. Amid regional tensions, Aoun requested that the US pressures Israel to cease attacks on southern Lebanon.

The Economic Times 16 Oct 2026 8:20 am

Brazil election: Lula closes gap with Bolsonaro ahead of runoff

Brazilian President Luiz Inacio Lula da Silva has seen a decrease in the lead of rival Flavio Bolsonaro. Poll results indicate that Lula is now at 49 percent compared to Bolsonaro's 51 percent. This shift follows Lula's efforts to enhance his social media presence and promote social measures. These developments are critical as the presidential runoff approaches on October 25.

The Economic Times 16 Oct 2026 7:56 am

US considers removing sanctions on some shadow fleet vessels to cut freight rates, official says

Discussions are ongoing regarding potential sanctions relief on shadow fleet vessels transporting legal oil and products. Companies would need to apply to the US Treasury for approval to buy these vessels. Although sanctions may be eased, freight rates are not expected to drop significantly. High tanker freight rates remain a concern for the administration amid inflation and supply issues.

The Economic Times 16 Oct 2026 7:54 am

White House press secretary Katie Zacharia says she did not pass bar exam

Katie Zacharia, appointed as the new White House press secretary, admitted she never passed the bar exam. She graduated with a law degree from Pepperdine University in 2011, but cannot practice law without bar admission. During her first briefing, Zacharia faced criticism for the limited time and questions she handled. President Trump, however, stated that he believed she performed well during the press conference.

The Economic Times 16 Oct 2026 7:47 am

Gold eases after climbing over 1% in previous session

Gold prices slipped 0.4% to $4,152.99 per ounce in early Asian trading on Friday, as investors scrutinize the Federal Reserve's future policy after recent inflation updates. US producer prices surged the most in over four years, driven by escalating costs. Meanwhile, spot silver and platinum dipped, while palladium slightly increased amid persistent geopolitical concerns. Analysts are vigilantly evaluating how prospective rate hikes might influence gold's status as an inflationary safeguard.

The Economic Times 16 Oct 2026 7:38 am

US announces new Iran-related sanctions targeting 16 people, 10 entities

The United States has imposed sanctions on 16 individuals and 10 entities connected to Iran's financial operations. US Treasury Secretary Scott Bessent stated that these measures target Iran's military funding sources and financial networks. The sanctions aim to dismantle offshore banks and shadow financiers aiding Iran's economy. Entities like the International Development Bank for Investment and Finance have been implicated in supporting Iranian activities.

The Economic Times 16 Oct 2026 7:34 am

Oil edges down as investors weigh possible US sanctions on 'shadow fleet'

Following recent geopolitical tensions and fluctuating investor sentiment, oil prices have seen a downward trend. Brent crude futures suffered a slight loss, primarily due to concerns surrounding the escalating conflicts between Saudi Arabia and the Houthis in Yemen. As discussions in the US revolve around relaxing restrictions on tankers, the International Energy Agency's proactive measure to release diesel into the market is an attempt to stabilize surging prices.

The Economic Times 16 Oct 2026 7:32 am

Strong majority of voters believes Trump is failing at home and abroad: AP-NORC poll

Federal authorities are investigating suspicious mailings received by congressional and election offices across the country. With Election Day approaching, the mailings are deemed potentially hazardous by law enforcement. In time, US President Trump plans to host rallies in support of Republican candidates in Iowa. Candidates are also navigating fundraising challenges as the midterm elections draw near. The political landscape appears increasingly competitive with various races across states tight.

The Economic Times 16 Oct 2026 7:32 am

Car registered to man accused of planning mass shooting was at Hindu temple he targeted, police say

Alexandros Paporakis was arrested after planning a mass shooting at Sri Venkateswara Swami Temple in Illinois. Police acted on a tip received from Paporakis' coworkers who reported his threats against Indian people. After his gun jammed, he left the temple parking lot on the day of the intended attack. Authorities found an unregistered AR-style rifle and tactical gear at his home.

The Economic Times 16 Oct 2026 7:28 am

Netflix names former Disney executive Peter Rice as new content chief as Bajaria departs

Netflix has appointed Peter Rice as the new chief content officer starting on October 26. Rice, previously at Disney, will manage the platform's content strategy, including series and films. Bela Bajaria, who served in the role since January 2023, is departing the company. This leadership change follows Netflix's announcement of laying off about 1,000 employees, representing a 6% workforce reduction.

The Economic Times 16 Oct 2026 7:14 am

US states sue AI giant OpenAI, saying its popular chatbot is hurting children and deceiving adults

The lawsuits claim ChatGPT is giving dangerous medical advice, fueling paranoia and encouraging self-harm or harm to others

The Hindu Businessline 16 Oct 2026 7:02 am

5 killed, 16 injured in Houthi attack on Yemen's Aden presidential palace

US Iran war news: A recent Houthi attack targeted the al-Maashiq Presidential Palace in Yemen, killing five people and injuring 16 others. Following this strike, Yemen's President Rashad al-Alimi called for measures to protect government institutions. Houthi spokesperson Yahya Saree claimed responsibility for the assault, stating it targeted Saudi operations in Aden. Government forces retaliated with numerous attacks on Houthi positions, claiming significant destruction of Houthi assets.

The Economic Times 16 Oct 2026 7:01 am

Oregon school shooting leaves 4 dead, including children; shooter killed

Oregon school shooting: A shooting incident occurred at Silver Rail Elementary School in Bend, Oregon, resulting in multiple injuries. Reports indicate that the gunman was killed shortly after the shooting started, possibly by an armed bystander. According to police, victims included at least one adult and several children, some of whom were hospitalized. The school has approximately 450 students and 40 staff members, serving younger children from kindergarten to fifth grade.

The Economic Times 16 Oct 2026 6:28 am

Trump says he is talking to Russia and China about denuclearization

WASHINGTON,

devdiscourse 16 Oct 2026 5:47 am

US Stock Market: What to led to S&P 500, Nasdaq, Dow Jones, Russell 2000 rebound after historic low despite fall of Nvidia stocks, TSMC shares?

US Stock Market today: Nvidia dipped 1.8 per cent after chip manufacturer TSMC struck a cautious note on 2027 despite reporting a sixth consecutive record quarterly profit on robust AI-driven demand.

The Economic Times 16 Oct 2026 4:27 am

USD rate: Why is US Dollar down from 18-month peak?

USD rate: Government bonds rallied and the dollar pulled back, reflecting cautious remarks from Federal Reserve officials that further cooled expectations for an October interest-rate hike.

The Economic Times 16 Oct 2026 3:39 am

White House Ballroom secret donor list: Check who are in the list and who can be donors?

The scale of the ballroom project and the administrations handling of fundraising and disclosures have drawn criticism from watchdog groups and legal experts

The Economic Times 16 Oct 2026 3:08 am

Saudis intercept Houthi missile in Medina region

A cruise missile was intercepted by the Saudi-led coalition in Medina, which is a significant religious site. The Houthis refuted claims of targeting the region, maintaining their promise to avoid holy cities. Recent attacks by Houthis have increasingly targeted Saudi Arabia, with notable strikes in Riyadh. Consequently, a planned EU-Gulf summit in Riyadh has been postponed due to ongoing tensions.

The Economic Times 16 Oct 2026 1:38 am

Were done, says Zelenskyy as Kyiv hits Moscow refinery

Ukraine has returned to attacking Russian oil refineries after President Volodymyr Zelenskyy stated that patience had worn thin. The ceasefire on energy targets, which was supported by Donald Trump, is effectively over due to Russia's continued attacks. Six Russian Su-34M military aircraft have been damaged in a Ukrainian strike. Meanwhile, Russian diesel exports are starting to reach global markets as the Kremlin announces a new agreement.

The Economic Times 16 Oct 2026 1:29 am

KFC signs Coca-Cola on as new beverage partner, ditching PepsiCo

KFC has officially signed a partnership agreement with Coca-Cola to provide beverages at its restaurants. This deal marks the end of KFC's long-standing relationship with PepsiCo, which is facing sales challenges. Coca-Cola products will be available in KFC locations across the United States starting in spring 2027. The announcement was first reported by The Wall Street Journal, indicating significant industry changes.

The Economic Times 16 Oct 2026 1:22 am

Dubai bets $1.4 billion on a new financial district after Gulf war slowdown

Dubai is advancing a significant $1.4 billion real estate project, which includes hotels and office spaces. Although property transactions have been impacted by regional tensions, prices remain relatively stable in the market. H&H Development has begun construction with a workforce of 30,000 on-site, aiming for completion by 2028. Despite lower sales, about 85% of the branded residences have been sold for high prices.

The Economic Times 16 Oct 2026 1:18 am

Russian diesel wont help US, it shows double standards on India: Margarita M. Balmaceda, Professor at Seton Hall University

Margarita M. Balmaceda examines the hidden dynamics of energy dependency between Russia and other nations. The discussion highlights Russia's role as a 'Trojan horse' in energy politics. Recent diesel deals between the US and Russia may have limited short-term benefits for American consumers. Additionally, the implications of these deals could adversely impact Ukraine's situation. This situation reflects a troubling double standard in international energy relations.

The Economic Times 16 Oct 2026 1:07 am

Mortgage rates: Why has long term US home loan rate hit highest level in 3 years. Check impact on home loan borrowers

US Home Loan rate: The recent string of mortgage rate increases snapped as the 10-year Treasury yield pulled back from its highest level since 2002.

The Economic Times 16 Oct 2026 1:04 am

Blinkit delivery partner rescue injured puppy after road accident, give it a home at warehouse and take it along on deliveries

A puppy, seriously hurt in a road accident, found a second chance thanks to the compassionate Blinkit delivery partners. After being nursed back to health, the puppy now enjoys life in their local warehouse, frequently joining in on delivery runs. This heartwarming tale was shared by a professional on LinkedIn, capturing the attention of many social media users who praised the generosity of the delivery team.

The Economic Times 16 Oct 2026 12:56 am

PSG brings embattled Man City down to earth after pre-match show of defiance in the Champions League

Manchester City showcased a celebratory pre-match fireworks display before facing Paris Saint-Germain in the Champions League. The first half saw PSG dominate, taking a commanding lead with three goals. City managed a spirited second-half comeback, scoring two goals but ultimately fell 4-2. Former City manager Pep Guardiola witnessed the match from the stands as the team faced serious challenges.

The Economic Times 16 Oct 2026 12:54 am

Why are Americans losing trust in religion and the church but still believe in ghosts, curses and magic

Researchers found that some Americans trust science while also believing in ghosts, curses, and magic. The study analyzed responses from 1,812 adults, highlighting a complex relationship between faith and reasoning. People valuing secular rationalism may still hold supernatural beliefs if they maintain religious connections. About 28% of religious service attendees who believe in God also lean towards magical beliefs.

The Economic Times 16 Oct 2026 12:42 am

Lionel Messi's new 88-foot yacht boasts 2,000 horsepower, 4 guest cabins and a jet ski garage; how it links to his $11 million Florida mansion

Lionel Messi has ordered an 88-foot Sunreef ULTIMA 88 luxury catamaran, being built in Ras Al Khaimah, UAE. The yacht features 2,000 horsepower, four guest cabins, a dedicated jet ski garage and an Ocean Lounge. The order has also drawn attention to Messi's nearly $11 million waterfront mansion in Fort Lauderdale, Florida, which reportedly has 70 feet of water frontage and two private boat docks.

The Economic Times 16 Oct 2026 12:38 am

BBC asks judge to force Trump to sit for deposition in his own lawsuit against the channel

Lawyers for the BBC have requested that President Donald Trump appear for a deposition in their defamation lawsuit. They claim that Trump has postponed an agreed-upon deposition date, citing national importance as the reason for his absence. The BBC has expressed concerns about the delays affecting their ability to gather evidence for their defense in the case.

The Economic Times 15 Oct 2026 11:53 pm

Putin says Ukrainian refinery attacks caused little damage, Interfax reports

Russian President Vladimir Putin stated recent Ukrainian attacks on oil refineries caused minimal damage and vowed to respond. This incident included a notable drone attack on an oil facility in Russia's Ryazan region early on Thursday. The attacks came after a ceasefire announcement regarding energy between Russia and Ukraine. Ukrainian officials denied involvement in the refinery incidents reported by Moscow's deputy prime minister.

The Economic Times 15 Oct 2026 11:39 pm

NASAs SPHEREx finds brown dwarfs with water and methane, they drift in darkness without a host star and heated entirely from within

NASA's SPHEREx telescope has opened a fascinating window into the realm of brown dwarfs, the enigmatic celestial bodies that sit between stars and planets. Recent data reveals diverse chemical signatures and significant atmospheric variability, challenging existing models. Researchers aim to delve deeper into these findings, seeking to untangle the mysteries surrounding brown dwarfs and their complex atmospheres as they continue their groundbreaking analysis.

The Economic Times 15 Oct 2026 11:37 pm

Joni Mitchell becomes US citizen after 62 years; why her former $27 million Malibu home has a pool thats nearly impossible to recreate today

Joni Mitchell's US citizenship has renewed interest in her former Malibu home, a five-bedroom beachfront property originally listed for nearly $27 million. Located in Malibu Colony, California, the luxury residence features ocean views, direct beach access and a grandfathered pool and spa that would be difficult to recreate under current coastal regulations. The asking price was reduced to $24.9 million in August 2026.

The Economic Times 15 Oct 2026 11:33 pm

Nvidia, Apple each gave $25 million for Trump's ballroom, Washington Post reports

Significant funding for the planned White House ballroom, estimated to cost $400 million, was reported. Nvidia and Apple made $25 million donations, alongside contributions from others with federal interests. Critics have raised concerns about transparency, donor influence, and ethics related to the project. Trump asserts the ballroom is essential for national security amid public backlash and legal challenges. The Supreme Court has permitted continued construction despite ongoing disputes regarding legality.

The Economic Times 15 Oct 2026 11:26 pm

DOJ sues California to block votes from alleged non-citizens

The US Justice Department has filed a lawsuit against California regarding mail-in ballots for the upcoming midterm elections. It alleges that more than 20,000 voters on a provided list are likely non-citizens. California is required to segregate and verify the ballots for these individuals before counting them. Additionally, the department seeks court approval to prevent tabulation of votes until citizenship is confirmed.

The Economic Times 15 Oct 2026 11:20 pm

COVID was an ethics failure: Former nurse exposes unethical hospital protocols during pandemic

COVID was an ethics failure: Former nurse exposes unethical hospital protocols during pandemic

The Economic Times 15 Oct 2026 11:19 pm

New video games released on PlayStation 5, Xbox Series X/S, Switch, PC: All about Valor Mortis, Castlevania: Belmont's Curse, Gears of War: E-Day, Forever Ago

PlayStation 5, Xbox Series X/S, Switch, PC users can play a host of new video games. Gamers can play Valor Mortis, Castlevania: Belmont's Curse, Gears of War: E-Day, Forever Ago.

The Economic Times 15 Oct 2026 11:02 pm

US consumers are muscling through higher prices, but for how long?

High gas prices are impacting inflation, leading to increased costs across various sectors and goods. Consumers are still maintaining spending levels, indicating some economic resilience despite these pressures. Retail sales rose, driven by higher expenditures at gas stations and dining establishments. However, economists are expressing concerns regarding the long-term effects of inflation on consumer spending power. With unemployment low, spending may continue, although inflation raises potential borrowing costs.

The Economic Times 15 Oct 2026 10:59 pm

Big Tech wants to build more AI data centres across America. Why local communities are pushing back against the costs of the AI revolution

Cities across America are imposing temporary moratoriums on data centre approvals to address infrastructural concerns. Local governments are assessing the impacts of these projects on electricity, water, and public resources. Environmental lawsuits are complicating the development of AI infrastructure further, leading to delays and increased costs. Some technology companies are moving towards greater transparency with local communities for better engagement.

The Economic Times 15 Oct 2026 10:41 pm

Ex-Venezuelan President Nicolas Maduro says new torture allegations are 'false'

Nicolas Maduro and Cilia Flores are accused of leading a torture campaign against numerous victims, including Americans. They appeared in court while denying the charges and insisting they are innocent. The revised indictment includes accusations of overseeing torture methods and using psychological threats. Their trial date was set for June 14, 2027, and additional hearings are scheduled. Maduro has consistently denied all allegations related to his presidency and governance.

The Economic Times 15 Oct 2026 10:28 pm

New York's Central Park horses work up to 9 hours a day and get 5 weeks of vacation. The city now wants to abolish the iconic carriages

New York City has announced plans to abolish the horse-drawn carriage industry by June 1, 2028. Ongoing criticisms from animal rights activists regarding the welfare of these horses have escalated following the death of a tourist. Although current regulations are in place to protect the horses' well-being, this decision highlights an increasing acknowledgement of animal rights and safety concerns in urban environments.

The Economic Times 15 Oct 2026 10:03 pm

AstraZeneca strikes $40 million AI drug discovery deal with Insitro

The multi-year partnership will target severe liver and heart conditions, with insitro eligible for up to $1.46 billion in development and commercial milestone payments

Business Standard 15 Oct 2026 9:47 pm

At least 6 explosions strike near Yemen government buildings in Aden, witnesses say

On Thursday, multiple explosions struck near the Maashiq palace in Aden, prompting panic among local residents. Security officials reported that at least two explosions occurred close to the palace. Houthi rebels claimed responsibility, stating they targeted an operation room managed by Saudi officers. The government officials noted that leaders were safe and living in exile. The rare occurrence of explosions near such a significant location raised concerns among the public.

The Economic Times 15 Oct 2026 9:27 pm

At 12, he took a $500 loan in North Carolina; how a Hawaii trip inspired his six-figure swimwear brand Coastal Cool

A North Carolina teenager turned a $500 loan from his parents into a six-figure sustainable swimwear business. Holden Bierman, now 19, launched his entrepreneurial journey at 12 after a family trip to Hawaii sparked an idea. He taught himself e-commerce through online resources and eventually built Coastal Cool, a beachwear brand that also aims to tackle plastic pollution.

The Economic Times 15 Oct 2026 9:27 pm

Three dead as Istanbul sees heaviest rainfall in 80 years

Istanbul has faced devastating flooding from unprecedented rainfall, leading to three confirmed deaths and several missing individuals. The rainfall, described as the heaviest in 80 years, caused widespread chaos and significant damage throughout the city. Cleanup efforts are underway as emergency services continue to respond to numerous flooding incidents and landslides. Schools have been closed and residents advised to stay indoors for safety during this ongoing crisis.

The Economic Times 15 Oct 2026 9:16 pm

Houthis launch fresh attacks in Saudi Arabia

RIYADH, - The Saudi-led military coalition in Yemen said on Thursday that the country's Houthis had attempted to attack dozens of Saudi airports, ports and oil facilities, as fighting between the Iran-aligned group and Saudi Arabia intensified.The Houthis have been firing ballistic missiles and drones at key Saudi sites for a week, in response to the kingdom's backing of government forces in Yemen's renewed civil war. The coalition's latest statement highlighted the risk to Saudi civilian infrastructure as the conflict escalated.Coalition spokesperson Turki al-Maliki said at a press conference that the Houthis had launched 20 attacks on King Khalid International Airport in Riyadh this month, killing 17 people and wounding 333 others. The airport, one of Saudi Arabia's main international aviation hubs, was among the civilian infrastructure targeted in what the coalition described as a series of attacks.The coalition also said Houthi attacks on Abha airport, in southwestern Saudi Arabia near the Yemeni border, had killed three people and wounded 28.Maliki said the Houthis had acquired advanced military technology with the help of egional actors, including ballistic missiles, drones and explosive-laden fast boats.The spokesperson also said the coalition had destroyed 127 weapons storage facilities and launch platforms in Yemen's mountainous areas.He called on the Houthis to immediately halt operations targeting civilians and civilian infrastructure, and said the group should read the coalition's statement carefully and etween the lines.Shortly after the coalition's statement, the Houthi military spokesperson said Saudi airspace and airports were unsafe, renewing a warning to airlines while excluding airspace over the holy cities of Mecca and Medina.Yemen has been mired in conflict since the Houthis seized the capital Sanaa in 2014, prompting a Saudi-led military intervention the following year. The UN-brokered truce in 2022 largely halted major fighting, and a de facto truce held even after it expired six months later. But efforts to turn it into a lasting political settlement have stalled as regional tensions have intensified.

The Economic Times 15 Oct 2026 9:01 pm

Americas first people survived a world in flux: 23,000-year-old footprints reveal how climate change reshaped their lives during the Ice Age

Research at White Sands National Park indicates that the ancient environment dramatically changed over thousands of years. This study provides new insights into how climatic shifts impacted early human inhabitants in the region. Lake Otero diminished and vegetation transformed, which may have altered available resources for early Americans. Scientists analyzed sediments and ancient pollen to reconstruct the past environmental conditions.

The Economic Times 15 Oct 2026 9:01 pm

The Housemaid Sequel: Sydney Sweeney is back and her new job has a disturbing rule, but will Amanda Seyfried return?

Paul Feig is back as director. Rebecca Sonnenshine is writing the screenplay after adapting the first film. The franchise is based on McFaddens novels. Her author credit is separate from the screenplay credit.

The Economic Times 15 Oct 2026 8:56 pm

Bangladesh seeks USD 4.5 billion IMF loan

Bangladesh is currently in talks with the IMF for a USD 4.5 billion loan package to boost its economy. Finance Minister Amir Khosru Mahmud Chowdhury has emphasized the loan will be sought in six instalments over three years. Previous IMF programmes have been complicated by the current economic challenges the country faces. The conditions set by the IMF are expected to be finalized during upcoming negotiations.

The Economic Times 15 Oct 2026 8:50 pm

Ilhan Omars phone seized, relatives subpoenaed; DOB row reignites amid immigration fraud probe

Ilhan Omars phone seized, relatives subpoenaed; DOB row reignites amid immigration fraud probe

The Economic Times 15 Oct 2026 8:31 pm

Pakistan parliament endorses emergency, governor's rule in Khyber Pakhtunkhwa

Pakistan's parliament approved emergency and governor's rule in Khyber Pakhtunkhwa due to escalated violence and terrorism. This move follows weeks of political tensions and is seen as a federal intervention. The federal government's resolutions were passed after debates involving both treasury and opposition members. Amnesty International raised concerns over potential human rights abuses amid these emergency measures.

The Economic Times 15 Oct 2026 8:19 pm

EXCLUSIVE-WEF could appoint Lagarde as early as November, sources say

The World Economic Forum could appoint Christine Lagarde as its next chair as soon as next month, four people close to the organisation told Reuters, meaning she would step down early as European Central Bank chief and trigger a wider reshuffle at the top of the ECB. Lagarde's ECB term is s

devdiscourse 15 Oct 2026 8:10 pm

Trump's shadow fleet loophole: Easing US sanctions on oil tankers may not lower fuel costs

In an effort to address soaring shipping costs, the Trump administration is evaluating the possibility of easing restrictions on sanctioned vessels. These limitations have heavily influenced rising tanker freight rates, affecting the dynamics of global oil markets. The proposed changes aim to clarify the vessels eligible for transporting legally traded crude and refined products, though challenges may arise that could undermine the effectiveness of this initiative.

The Economic Times 15 Oct 2026 7:58 pm

Michelle Obamas $1 million pledge to support 25 organizations across 15 countries, plus her $2.5 million plan to help girls worldwide

Michelle Obamas Girls Opportunity Alliance has pledged more than $1 million to support 25 organizations across 15 countries working to improve girls education and opportunities. From a $2.5 million fundraising plan to a $102 million initiative for military families, heres a look at her major efforts and how they aim to make a difference.

The Economic Times 15 Oct 2026 7:56 pm

Saudi Arabia accuses Iran of encouraging Houthis in latest escalation

A Saudi foreign ministry official on Thursday accused Iran of encouraging the Houthis in the latest escalation of their fight with the kingdom, adding that the Islamic republic continues to arm and train the group

The Daily Star 15 Oct 2026 7:35 pm

Elon Musk now wants an Amazon rival to challenge Jeff Bezos' empire. Here's why

In a recent post on X, Elon Musk proposed the intriguing notion of launching an Amazon rival, sparked by frustrations over Amazon's obstruction of Grok bots from placing orders. This latest comment underscores Musk's continuing rivalry with Jeff Bezos in both tech and space industries, while users on X share their excitement about the potential new service, reflecting the competitive and innovative landscape of e-commerce.

The Economic Times 15 Oct 2026 7:26 pm

Gold price today: Gold rate recovers after consecutive losses but there is a concern. Details here

Gold rate on Thursday jumped but experts have pointed out a few factors that may cause worry for investors.

The Economic Times 15 Oct 2026 7:13 pm

The US has $100 billion to break Chinas rare-earth grip. Can it stop Beijing from holding Americas supply chain hostage?

The United States can access up to $100 billion in loans for developing its critical minerals industry. Despite this financial resource, it struggles to compete with Chinas established dominance in rare earth processing and supply chains. Creating processing facilities and refining capacity requires long-term investments and strategic planning, which many private investors find unattractive.

The Economic Times 15 Oct 2026 7:05 pm

India's edible oil imports dip 7 pc to 15.44 lakh ton in Sep: SEA

India's edible oil imports fell by 7 percent in September, totaling 15.44 lakh tonnes. The decline was attributed to a sharp decrease in crude sunflower oil shipments, which dropped significantly. However, total edible oil imports increased by 3 percent for the first eleven months of the oil year. Refined oil imports saw a notable decline, while crude edible oil imports rose substantially during the same period.

The Economic Times 15 Oct 2026 7:05 pm

WEF could appoint Lagarde as early as November, sources say

Christine Lagarde is likely to be appointed as the chair of the World Economic Forum next month. This change would require her to step down from her position as European Central Bank chief. Following Lagarde's exit, there will be a reshuffle within the ECB due to upcoming political changes in France. The WEF board is scheduled to meet on November 2 to discuss her potential role.

The Economic Times 15 Oct 2026 6:52 pm

The number of Americans filing for jobless aid remain at historically low levels below 200,000

U.S. unemployment benefits applications slightly increased, with initial claims rising to 199,000 for the past week. Despite the increase, layoffs remain historically low, indicating job security for many workers. Hiring nonetheless showed sluggish trends, as evidenced by a disappointing 29,000 jobs added in September. While the unemployment rate ticked up to 4.2%, general confidence in the economy persists among employers.

The Economic Times 15 Oct 2026 6:46 pm

EC announces Special Summary Revision of voters' list in 17 states amid SIR controversy

The Election Commission of India recently announced a Special Summary Revision of electoral rolls in 17 states. This revision will implement Section 21 of the Representation of the People Act, with January 1, 2027, as the qualifying date. The move comes amid legal challenges and widespread protests from opposition leaders regarding the ongoing Special Intensive Revision process.

The Economic Times 15 Oct 2026 6:45 pm

Delhi's pollution battle could face another challenge: Punjab records more stubble fires than last year as paddy harvesting gathers pace

Punjab recorded 174 stubble-burning incidents between September 15 and October 13, 2026, up from 134 during the same period last year. Satellite monitoring detected 51 farm fire events on October 13 alone, with Amritsar and Tarn Taran accounting for most of the days cases. The rise comes as paddy harvesting accelerates, raising concerns over seasonal air pollution and Delhis winter air quality.

The Economic Times 15 Oct 2026 6:45 pm

Jimmy Carter net worth: Did the Nashville reporter who interviewed Dolly Parton and Clint Eastwood leave behind $1.5 million?

Jimmy Carter, the longtime Nashville entertainment reporter who interviewed stars such as Dolly Parton and Clint Eastwood, died on October 13 at the age of 73. Reports estimate his net worth at between $500,000 and $1.5 million, although his exact wealth has not been publicly confirmed. Here is a look at his earnings, career and legacy in entertainment journalism.

The Economic Times 15 Oct 2026 6:45 pm

Will form govt in Punjab 100 pc; no CM face, Congress fighting as team under 'unifying' Pargat: Sachin Pilot

Sachin Pilot asserted confidence in the Congress forming the next Punjab government, emphasizing the party's united front led by Pargat Singh. He highlighted the lack of a chief ministerial face while affirming that the party would decide leadership after elections, noting strong competition from AAP and the weakened position of SAD and BJP.

The Economic Times 15 Oct 2026 6:44 pm

Shreyas Iyer lives in a Rs 12 crore home in Mumbais Lower Parel, featuring a gaming room, customised sneaker room, private gym and scenic city views

Shreyas Iyer, currently the captain of Indian national T20 cricket team. His Mumbai home is located on the 48th floor in Lower Parel area. Reportedly the house costs approximately 12 crores. His luxurious home features a dedicated gym, gaming room and a seperate sneaker room.

The Economic Times 15 Oct 2026 6:40 pm

US Iran war: Tehran says oil tanker on fire in Strait of Hormuz

Iran's army reported a fire on an oil tanker in the eastern Strait of Hormuz. The vessel was allegedly disabled its tracking systems before entering a restricted area. The situation arose in the Gulf of Oman, where such incidents can escalate tensions. Authorities have characterized the tanker as a rogue vessel.

The Economic Times 15 Oct 2026 6:32 pm

Jackie the celebrity bald eagle died of bird flu, California officials confirm

Jackie, a well-known bald eagle from Big Bear Lake, passed away due to bird flu. A necropsy revealed that bird flu caused severe complications and other overlapping health issues. While rodenticides were found, they were not the primary cause of her decline. Jackies remains were cremated to prevent the spread of avian influenza. Meanwhile, her longtime partner Shadow remains healthy and was recently seen with a new female.

The Economic Times 15 Oct 2026 6:32 pm

'Severe drought' declared in parts of UK

The UK government has declared a severe drought in southern England, impacting many counties. Extreme weather and a record-breaking summer have caused water shortages across the region. Reservoir levels have dropped significantly, which is concerning for local communities. Farmers and fire services are facing increased challenges due to the dry conditions. Monitoring and consumption restrictions are being implemented as the drought persists into autumn.

The Economic Times 15 Oct 2026 6:32 pm

Gen Z in US are more miserable than previous generations, 1 in 4 young adults seeking treatment for depression: Poll

Recent surveys reveal a troubling trend: Gen Z's mental health is deteriorating, with many grappling with depression. A mere 44% of young adults perceive themselves as thriving, a stark drop since 2010. Factors like economic strain and social media pressures intensify feelings of dissatisfaction. Moreover, this demographic struggles more than their older counterparts in achieving financial independence and personal aspirations, who are experiencing a boost in life satisfaction.

The Economic Times 15 Oct 2026 6:27 pm

US Wholesale inflation jumped last month by most in four years as gas prices soared

Wholesale inflation rose unexpectedly in September due to significant increases in fuel costs and other goods. The Labor Department reported a 6.3% rise in the producer price index compared to last year. Month-to-month wholesale prices increased by 1.3%, marking the largest monthly jump since March 2022. Core prices also saw a notable rise, up to 5% from the previous year.

The Economic Times 15 Oct 2026 6:26 pm

US Wholesale inflation jumped last month by most in four years as gas prices soared

Wholesale inflation rose unexpectedly in September due to significant increases in fuel costs and other goods. The Labor Department reported a 6.3% rise in the producer price index compared to last year. Month-to-month wholesale prices increased by 1.3%, marking the largest monthly jump since March 2022. Core prices also saw a notable rise, up to 5% from the previous year.

The Economic Times 15 Oct 2026 6:26 pm