The Economic Times
Elections 2026Global Business / The Economic Times
After the pandemic, former HGV driver Lee Bodell made a life-changing decision to travel globally with his family. Moving from a career-focused routine to embracing remote work and family adventures, they sold their house for 330,000. With an online business funding their travels, they've explored several European countries and aim to journey into Southeast Asia, hoping to settle abroad after their expeditious travels.
Iraq's Oil Tankers Company has recently arranged for a Very Large Crude Carrier to transport oil. This shipment of 2 million barrels is significant as it travels beyond the Strait of Hormuz. Previously, buyers handled shipping from Basra in the Persian Gulf, but now the company is managing exports. This change aims to offer better access to refiners cautious about the strait.
A Flydubai flight headed for Israel was nearly compromised when an Omani co-pilot, previously banned from flying due to extremist views, attempted to seize control of the aircraft. UAE authorities are investigating significant security lapses, including how the co-pilot managed to operate the flight without prior detection or warning from Israeli security agencies.
FlyDubai co-pilot Hamam al-Hammami was involved in an attempted violent act during a flight, raising significant concerns. Previously employed in Oman, he was debarred due to his extremist online activities. Omani by nationality, al-Hammami lived outside of Oman for most of his life. Australian authorities are investigating his background, particularly his studies in Australia from 2015 to 2017. The UAE attorney general confirmed the attempted act was terrorist in nature.
Law and order conditions in Bangladesh are worsening eight months into Tareque Rahman's tenure as prime minister. Incidents of people taking the law into their own hands are rising, affecting vulnerable individuals and properties. Recent reports indicate a surge in vandalism, property takeovers, and attacks reminiscent of previous BNP rule. The economy is struggling amid supply chain challenges, with government leaders not currently seeking stronger economic ties with India.
A Hackney landlord has received a hefty 30,000 fine due to neglecting critical fire safety measures. The recent implementation of the Renters Rights Act by Hackney Council has added requirements aimed at protecting tenants, such as restricting evictions without sufficient cause and capping rent hikes to once annually. Mayor Zo Garbett stressed the need for secure living environments and urges tenants to report non-compliant landlords.
The 2026 estate tax exemption is $15 million, while the annual gift tax exclusion remains $19,000 per recipient. Heres what the IRS rules mean for families planning to transfer wealth, make large gifts or review their estate plans, and how the basic exclusion amount differs from the annual gift tax exclusion.
California-based think tank said there will be more demand for natural gas for electricity because the administration is canceling new wind, solar and hydrogen projects and there will be more gasoline demand for transportation because Trump and Congress are revoking policies that incentivized efficient and lower-emissions vehicles. Higher demand increases prices.
Carcasses have been washing ashore around the gulf city of Puerto Madryn, including near the central waterfront where they alarm residents and tourists.
In a shocking incident, a female researcher from the Irkutsk Anti-Plague Institute has died due to severe pneumonia of unknown cause. Close to 200 people who could have been exposed are being carefully observed by health officials. It appears she accidently broke a test tube filled with live plague bacteria while working on experiments.
Georgia shooting: A shooting occurred early Sunday at a homecoming block party in Vienna, Georgia, injuring up to 35 individuals. The gunfire led to the deaths of two men, aged 20 and 23, whose identities are not yet disclosed. Dooly County Sheriffs Office deputies were present during the incident as part of their patrols.
Iran's Oil Minister Mohsen Paknejad has resigned, with NIOC chief Hamid Bovard set to serve as acting minister.
Vivek Ramaswamy struggles to pick up boy, awkward moment caught on camera | Ohio Gov race
'Saddam Hussein would spit out his tea': Slotkin takes aim at Trump with bombshell corruption claim
Tom Cruise's latest film Digger may be one of the biggest flops of Hollywood, according to reports. However, the actor insists that he is proud of the film which was directed by Alejandro Gonzalez Inarritu who previously made Leonardo DiCaprio-starrer The Revenant in 2015.
Quote of the day by Kate Hudson: Actress Kate Hudson calls unmindful sugar intake he worst thing, but she refuses to give up her favorite treats. Instead of extreme elimination, her approach centers on conscious awareness and moderation, a strategy that aligns closely with global dietary guidelines for heart health and diabetes prevention.
Emergency services were on their way to the scene, the mayor said. In recent days, the Southern Bridge across the river has been struck several times by Russian drones, amid an escalation in attacks on infrastructure in the Ukrainian capital.
The Supreme Court plans to hear pleas regarding Chief Election Commissioner Gyanesh Kumar's alleged unilateral decisions and actions. Petitioners Rakesh Kumar Singh and Shailendra Mani Tripathi challenge Kumar's adherence to collective decision-making principles. They seek his suspension pending a final ruling and the appointment of officials based on consensus.
Iran is currently evaluating a diplomatic proposal put forth to the United States aimed at easing rising regional tensions. This proposal was conveyed by Iranian Foreign Minister Abbas Araghchi via diplomatic channels. In related news, a commercial tanker in the Strait of Hormuz suffered damage from an unidentified projectile, but fortunately, the crew remained unharmed.
Bangladesh's government is urging India to facilitate the extradition of former prime minister Sheikh Hasina promptly. State Minister for Foreign Affairs Shama Obaed Islam emphasized the need for both legal and political willingness in this process. Hasina has been living in India since fleeing Bangladesh following the July Uprising in 2024.
In a recent statement, Masayoshi Son underscored the critical importance of international unity in managing the safety risks associated with advanced AI technologies. As AI grows increasingly capable, apprehensions about the dangers in unrestricted environments intensify. The White House is at the forefront of a collaborative initiative involving 17 countries aimed at enhancing AI for scientific exploration.
Prime Minister Narendra Modi extended his congratulations to the Indian squad for their remarkable achievements at the Aichi-Nagoya Asian Games, where the nation proudly stood fourth with a tally of 85 medals. He lauded the athletes for their resilience and tenacity throughout the events. The Games witnessed the establishment of more than 350 records, including several world records.
Kumkum Anil Mohod stood out in India's stellar archery achievements during the Asian Games 2026. The Indian archery team celebrated a remarkable run, securing five gold medals and multiple podium finishes. Notable performances from Neeraj Chauhan and Sahil Jadhav showcased their exceptional skills. This campaign exemplified the team's dedication and effort, solidifying archery's status as one of India's premier sports disciplines in recent years.
In a recent meeting, the Assam Cabinet has ratified a Green Cess on vehicle ownership transfers. This initiative aligns with the introduction of a 12% recruitment reservation for ex-Agniveers residing in Assam, specifically for police and emergency roles. Furthermore, the Madhupur Satra will receive financial support of Rs 1 lakh each month.
Jitender Mann quit his lucrative IT job to pursue organic farming after a health scare. He began growing moringa and other greens on his Delhi terrace as a personal project. This small experiment eventually evolved into a successful organic farming venture with a turnover of Rs 30 lakh. Mann's journey illustrates how personal experiences can lead to significant career changes.
NASA has announced the selection of a dedicated team to investigate the Marius Hills Pit on the Moon. This innovative project, known as GIMLI, focuses on uncovering potential underground caves that could serve as future habitats for astronauts. Utilizing advanced technology such as ground-penetrating radar and seismic sensors, the team aims to verify the presence of ancient lava tubes, providing essential insights into the Moon's geological history and volcanic activity.
Pakistan's former Prime Minister Imran Khan's party commenced a long march towards Islamabad following unsuccessful negotiations. Khyber Pakhtunkhwa Chief Minister Sohail Afridi announced the march from Lakki Marwat's Gandi Chowk as a response to political tensions. Negotiations between Khan's party and the government focused on various demands but ended in deadlock.
Iranian airlines have resumed flights to Najaf, Iraq, following a US exemption allowing sanctioned carriers to operate. The agreement permits 40 daily flights to and from Najaf, excluding Mahan Air, which remains banned. The resumption is crucial for Shia pilgrims traveling to sacred sites in Iraq and Iran.
The University of Utah has revealed its strategy to cut up to 15% of its non-faculty and non-clinical roles. This decision is designed to allocate more resources towards bolstering education, research, and patient care. Facing substantial challenges from reduced funding and falling enrollment, the university is actively pursuing modernization efforts to streamline operations and optimize resource use.
'Going to hunt you down': Mullin shows deportation flights in action | US immigration crackdown
White House published details outlining Donald Trump's plan on its official website, noting that the majority of qualifying seniors will obtain the distribution via direct deposits valued at USD 90 early in October.
Gold Price today: Top bullion consumer China imported 1,077 metric tons of gold in the first eight months of 2026, suggesting that this year's annualised imports are on track for the highest in 11 years.
Yemen's Saudi-backed government has initiated a military counteroffensive against the Iran-backed Houthis, seeking to recover lost territory. The renewed warfare has increased tensions in the region, jeopardizing Red Sea shipping routes and disrupting energy exports. The Houthis have previously demonstrated their missile and drone capabilities, impacting global trade and regional stability. The conflict, which has caused significant humanitarian crises, has recently escalated after a period of r
Social Security regulations establish varying earnings thresholds and benefit reductions for retirees at different stages of retirement. For those born in 1960 or later, specific earning limits come into play, along with potential deductions during early work. This includes the withholding of benefits when earnings surpass the established limits, but adjustments are made to account for withheld amounts once full retirement age is attained.
The GST Council is weighing changes to GST enforcement, including ending officials' arrest powers and shifting to court-ordered arrests. Criminal prosecution may be limited to cases involving more than Rs 5 crore, while routine disputes over GST interpretation could be handled through civil penalties and kept outside criminal courts.
During a FlyDubai flight, chaos erupted when an Omani co-pilot attempted a hijacking, prompting urgent discussions about the crew vetting process. Israeli officials revealed their frustration over insufficient prior warning of the attacker. Initial findings indicate possible security protocol failures that could have prevented the situation. As investigations unfold, unresolved concerns about aviation security practices and international cooperation linger, highlighting the critical need for enh
A New York family spent just $3 on a bowl at a tag sale in 2007, never imagining it could be worth millions. Six years later, experts identified it as rare Chinese Ding ware from the Northern Song Dynasty. The bowl eventually sold at auction for $2.225 million.
US President Donald Trump has named DNI chief Jay Clayton as his AI czar, tasking him with leading a new White House Super Intelligence Force. The panel will assess AI risks and opportunities and report within 120 days on federal oversight, as Washington grapples with growing concerns over safety, security and competitiveness.
Brazilians are casting their votes in a crucial presidential election featuring candidates Luiz Inacio Lula da Silva and Flavio Bolsonaro. If no candidate receives over 50% of the votes, a runoff will occur on October 25. The election has significant implications following past allegations against both candidates regarding corruption and governance.
Ukrainian President Volodymyr Zelenskiy said Russian leader Vladimir Putin is trying to weaken Ukrainian forces by escalating air strikes against the capital. He also said that Ukraine would respond and expressed astonishment at the military escalation. Zelensky noted Russia was trying to get residents to leave Ukraine's major cities. Additionally, he mentioned U.S. peace envoys' efforts to arrange a trilateral meeting by October.
Authorities are investigating Omani co-pilot Hamam al-Hammami for an attempted hijacking of a flydubai flight. The incident occurred during flight FZ1073, resulting in severe injuries to Captain Smit Machchhar. Investigators from Australia and Israel are examining al-Hammami's ties and motives. He was previously banned from flying in Oman due to radical ideological concerns.
Christa Pike is currently receiving medical attention following an execution attempt that went awry. Authorities are working diligently to stabilize her condition. Her mother, Carissa Hansen, who has a history of tumultuous relationships, admits to neglect and struggles with substance abuse during Christa's upbringing. This troubled environment contributed significantly to Christas challenges, and in a trial riddled with claims of severe abuse, her mother labeled her as uncontrollable.
A woman from Yangebup, is facing charges following a blaze that led to the rescue of six children. The incident occurred when one child inadvertently ignited a blanket while cooking. Firefighters found the residence extensively damaged, but fortunately, all children were transported to a hospital and are reported stable.
Ashish Shelar criticised the Shiv Sena (UBT)-MNS protest against CEC Gyanesh Kumar, calling it a march of foxes and accusing the Opposition of questioning EVMs and the Election Commission after losing elections. Shelar also defended the EVM system, cited past poll victories using EVMs and questioned the parties opposition to the ongoing SIR exercise.
Asaduddin Owaisi accused BJP members of submitting Form 7 to eliminate Muslim voters from electoral rolls. He called for scrutiny of these forms, alleging that names are being wrongfully removed. Owaisi threatened significant protests in Hyderabad if the actions do not cease. In response, Telangana BJP claimed Owaisi should provide evidence and pursue legal action. Both parties are engaged in a heated exchange regarding electoral integrity and voter suppression.
In a significant announcement, Uttarakhand Chief Minister Pushkar Singh Dhami revealed a raise in stipends for Senior and Junior Resident doctors, elevating them from around Rs 75,000 to exceeding Rs 1 lakh. Furthermore, the deadline for regularising 'Class B' lands in areas like Dehradun has been prolonged by one year.
The RBI is expected to raise the repo rate by 25 basis points in its October policy review as inflation pressures build from higher crude prices, the West Asia conflict and global monetary tightening, according to a PTI poll of economists and bankers. Most also expect a hawkish tone, a higher FY27 inflation forecast and possibly further rate hikes later in the fiscal year.
A Delhi couple who alleged they were lured into buying a holiday membership after being promised free hotel stays and other benefits has secured relief from a consumer commission. The commission directed Royalty Holidays International to refund Rs 65,000 with 9% annual interest, besides paying Rs 30,000 compensation for mental harassment and Rs 11,000 towards litigation costs.
India needs deeper integration into global value chains, lower logistics costs and better use of free trade agreements to boost exports and move into higher-value manufacturing, according to Deloitte India. It also called for stronger supply-chain resilience, tariff rationalisation and greater support for MSMEs facing trade-finance, compliance and currency risks.

27 C