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The Economic Times

Global Business / The Economic Times

Government staff in Saudi capital told to work from home

The Kingdom Centre, a 99storey tower in downtown Riyadh that houses the regional office of the International Monetary Fund, has also requested workers in its offices to stay away until further notice.

19 Oct 2026 7:31 pm
Elon Musk pledges one SpaceX share for every American child; it could cost him just 1% of his fortune

Elon Musk has unveiled an ambitious plan to grant one SpaceX share to every American child next year, aiming to empower future generations through investment opportunities. With more than 72 million minors in the U.S., questions arise regarding who qualifies for this potential windfall, valued at over $10.5 billion based on current prices. Final specifics from Musk's team remain pending, igniting curiosity across the nation.

19 Oct 2026 7:18 pm
Gal Monfils and Elina Svitolina announce separation as Ukrainian tennis star opens up about the toll of Russias war on her life, marriage and family

Elina Svitolina has publicly addressed the emotional impact of the war in Ukraine on her personal life. After difficult contemplation, she announced her separation from French tennis player Gal Monfils. Svitolina expressed a need to rediscover herself outside their marriage for her well-being. Despite this change, she emphasized that their commitment to co-parenting their daughter, Skai, remains unchanged.

19 Oct 2026 7:10 pm
Tiger Shroff firing case: Police say all 3 accused are adults, motive still unclear

Mumbai Police arrested three individuals for allegedly shooting at actor Tiger Shroff's car in Andheri. Two of the arrested suspects are from Haryana, while the third is from Bihar, with no minors involved. Investigators are questioning the suspects to uncover the motive behind the attack. The motorcycle used in the incident has been located, but no weapons have been recovered.

19 Oct 2026 6:57 pm
School assembly news headlines for October 20: Top national, international, sports and business updates

School assembly news headlines for October 20, 2026, cover major national, international, sports and business developments. Key updates include the Delhi voter-list revision audit, arrests in the Tiger Shroff firing case, political unrest in France, Indias Asian Para Games achievements, changes in anti-cancer medicine prices, and developments in the banking and stock markets.

19 Oct 2026 6:55 pm
'Lord of the Rings: The Shadow of the Past': Plot and everthing else we know about this upcoming LOTR movie

Peter Jackson has revealed that 'The Shadow of the Past' is in the scriptwriting stage. This film brings to life six chapters from 'The Fellowship of the Ring' that were omitted in previous adaptations, chronicling the adventure of the Hobbits as they journey beyond the Shire. Set fourteen years post Frodo's departure, it woven together Sam's daughter's tale. Currently, no specifics about the release date or cast have been provided.

19 Oct 2026 6:13 pm
6,000 sailors stranded near Strait of Hormuz as UN maritime chief warns against passage amid rising ship attacks and US-Iran tensions

Thousands of seafarers remain stranded in the Strait of Hormuz amid escalating maritime attacks and risks. The International Maritime Organization has warned against navigating the area without safety guarantees. Approximately 6,000 sailors are reportedly trapped as conflicts continue to disrupt commercial shipping. Concerns have also arisen over the misuse of emergency radio channels by military forces, complicating maritime safety.

19 Oct 2026 6:06 pm
Elon Musk pledges a share of his SpaceX company to 'every kid in America'

Elon Musk has announced plans to gift one share of SpaceX to each child in America next year. This announcement came shortly after Anthropic pledged 5% of its shares to a benefit fund. The new fund will potentially increase in value as shares grow. Recent surveys show many Americans are concerned about the rapid development of artificial intelligence technology.

19 Oct 2026 6:00 pm
Elizabeth Holmes Theranos documentary makes $15 million with fewer than 900 screens, outperforms Melania; heres why its a hit

You Can See Everything, a documentary about Elizabeth Holmes, had a strong box-office opening of over $15 million. The film attracted audiences across North America despite its limited release and three-hour length. Directed by Nathan Fielder and Lance Oppenheim, it offers an unusual perspective on Holmes' story. The documentary received a 99% rating on Rotten Tomatoes, indicating strong reviews and interest.

19 Oct 2026 5:28 pm
China's economy grows 4.5 pc in Q3 as AI-driven exports offset weak domestic demand

The Chinese economy grew 4.5% in the third quarter of 2026. The growth is fuelled by global demand for artificial intelligence (AI) infrastructure, helping the economy offset weak domestic consumption and a deepening property market crisis. The development comes after a weak second quarter, which saw its growth shrink to 4.3%. However, sluggish domestic household spending and investment bring doubt about the sustainability of the trend.

19 Oct 2026 5:24 pm
Who is Helen Haines, the Australian MP injured after being hit by a car outside her office?

Helen Haines, an independent member of Australia's Parliament, faced a tragic event when she was struck by a vehicle in Wangaratta. A 43-year-old cat driver is now in custody as the police, including a counter-terrorism unit, continue their investigation. Haines was urgently airlifted to a hospital due to severe injuries, though authorities have assured the public that there is no ongoing threat.

19 Oct 2026 5:19 pm
Israel election 2026: Netanyahus allies, rivals and the smaller parties that could decide his fate

Israels October 27 election will test Prime Minister Benjamin Netanyahus leadership following the October 7, 2023, attack and subsequent wars. Likud and its right-wing allies face centrist and left-wing challengers, while smaller factions and Arab-led parties could prove decisive in coalition negotiations to secure a majority in the 120-member Knesset.

19 Oct 2026 4:58 pm
Musks SpaceX, Tesla results to test AI spending as merger speculation builds

SpaceX and Tesla are expected to report third-quarter results on consecutive days this week. This reporting will provide investors insight into both companies amidst merger speculation. Analysts are particularly focused on Starlink's revenue growth and Tesla's profits from car sales. Both companies are investing significantly in AI, influencing their financial outlooks. The upcoming results are anticipated to clarify the potential for a merger between them.

19 Oct 2026 4:38 pm
Houthi rebels strike a government military camp in southern Yemen, killing at least 20 fighters

Iranian-backed Houthi rebels fired two ballistic missiles at a government military camp in Southern Yemen, killing at least 20 soldiers. The camp was situtated in the southern province of Shabwa. The escalation between the Houthis and forces of the Saudi-backed government shattered a 2022 ceasefire deal that largely stopped fighting in Yemen's civil war. Earlier, Saudi-led forces killed 9 people in Houthi-held northern province of Saada.

19 Oct 2026 4:37 pm
In the late 1800s, Americans planted lesser celandine for its bright yellow flowers; it escaped gardens, reached 31 states and covered 400 acres in one Ohio park

Lesser celandine, once embraced for its beauty, has turned into a significant environmental challenge across multiple regions. This invasive plant emerges early in the spring, aggressively overshadowing native wildflowers and disrupting the delicate balance of woodland ecosystems. Its robust ability to regenerate from underground parts complicates eradication efforts, making careful management essential. Gardeners are encouraged to choose native plant species, which support local biodiversity an

19 Oct 2026 4:30 pm
We all will die one day: Ecuador priest dies after crucifix falls on him during sermon

In a heartbreaking incident during a sermon in Guayaquil, Ecuador, Roman Catholic priest Father Patricio Alfredo Snchez Molinari was tragically killed when a crucifix fell on him. As he spoke about cherishing moments with God and loved ones, the unexpected calamity struck. Despite prompt medical attention, he was declared dead on the spot.

19 Oct 2026 4:20 pm
In the 1950s, California brought in Cape ivy as an ornamental vine; it spread across 500,000+ acres, cutting native seedling variety by as much as 95%

Cape ivy, introduced to California in the 1950s for ornamental purposes, has turned into a destructive invasive species. Its rapid growth shades native plants and competes for essential resources, leading to a significant loss of biodiversity in many regions. Efforts to eliminate this resilient vine have been challenging, but new biological control initiatives show promise in curbing its spread and rehabilitating affected ecosystems.

19 Oct 2026 4:20 pm
By the late 1700s, European periwinkles had reached America; planted as ornamental ground cover, escaped plants covered 29,254 acres across 12 Southern states by 2008

European periwinkles, once introduced to enhance gardens in the US, have become a troublesome invasive species in natural habitats. Their sprawling growth can overshadow local flora, challenging native species for essential resources. Studies reveal that common periwinkle dramatically decreases the chances of survival for native tree seedlings. Ongoing management efforts are essential, as these plants can regenerate post-removal.

19 Oct 2026 4:10 pm
ET HR Excellence Awards 2027: Spotlighting the People Behind Business Performance

In today's dynamic environment, Human Resources Business Partners (HRBPs) are key players in synchronizing workforce initiatives with broader organizational aspirations, tackling talent challenges, and facilitating transformational change. The ET HR Excellence Awards 2027 celebrates exemplary HR practices that foster organizational brilliance, underscoring the vital contributions of strategic HR leadership to enhance workplace culture and people management strategies.

19 Oct 2026 4:00 pm
Nevada removed invasive blue tilapia from Moapa dace habitat from 2009 to 2012; the endangered fish later returned to an 868-meter stretch where it had vanished

Conservation efforts in Nevada have successfully removed invasive blue tilapia to protect the native Moapa dace fish. After targeted removal operations, Moapa dace have begun to recolonize areas where they were previously extinct. Habitat restoration included creating new streams to support the species' survival. Long-term recovery requires ongoing monitoring and preventing invasive species from re-entering ecosystems. These actions show that effective conservation goes beyond simply removing th

19 Oct 2026 4:00 pm
Tiger Shroff Car: Is his BMW 3 Series Gran Limousine bulletproof? Check its safety features

Is Tiger Shroff's BMW 3 Series Gran Limousine bulletproof? Check its safety features, including airbags, ABS, stability control and run-flat tyres, and how they differ from specialised armoured cars.

19 Oct 2026 3:57 pm
In 1995, New York turned discarded milk jugs and detergent bottles into a pier deck; 2 years later, the recycled plastic had held its key engineering properties

The 1990s marked the beginning of an intriguing investigation into recycled plastic lumber as a robust replacement for timber. Crafted chiefly from post-consumer high-density polyethylene, this material was utilized in a New York pier project. After two years of rigorous testing, the pier demonstrated encouraging signs of durability and stability, although some properties fluctuated.

19 Oct 2026 3:50 pm
Connecticut began clearing an invasive reed from Highstead Pond in 2012; 98% was killed, and by 2017 native plant richness around the pond had increased 39%

Highstead Preserve embarked on an ambitious multi-year project aimed at controlling the invasive common reed to foster the growth of native species. Initiated in 2012, it spanned until 2017, showcasing impressive outcomes, including a staggering 98 per cent reduction in Phragmites and enhanced biodiversity. Employing diverse herbicide techniques, the hand-wiping method emerged as the most efficient.

19 Oct 2026 3:40 pm
In East Texas, excluding feral hogs from forest plots for 7 years more than doubled the abundance of woody plant species with large seeds

In the Big Thicket National Preserve, feral hogs significantly disrupt forest ecosystems by consuming seeds and disturbing soil. A study revealed that protecting the area from hogs for seven years led to a rise in large-seeded woody plants. In contrast, hog activity caused soil alterations and less plant coverage, while also contributing to the proliferation of invasive species.

19 Oct 2026 3:30 pm
Sweet corn can turn dark after home canning even when it was processed correctly; natural compounds can react with iron and air to create the unexpected colour

Sweet corn may develop brown or black hues after home canning due to chemical reactions. These color changes often occur without spoilage, despite proper canning practices. The reactions involve enzymes and minerals, which can influence the corn's appearance. High-quality water and appropriate processing temperatures are crucial for maintaining color. It is important to evaluate the safety of canned corn based on established safety guidelines, not color changes.

19 Oct 2026 3:20 pm
Wyoming reopened a blocked stream and cut non-native brook trout by 97%; native Snake River cutthroat trout then jumped more than 14-fold in just 3 years

In Wyoming, a stream known as Game Creek has observed an increase in native Snake River cutthroat trout. After a culvert blocking fish movement was replaced, cutthroat trout returned to the stream naturally. By 2024, surveys recorded a significant increase from just five cutthroat trout in 2021 to seventy-two. The Wyoming Game and Fish Department had also removed many non-native brook trout from the area.

19 Oct 2026 3:10 pm
Montana removed non-native brook trout and repaired mining-damaged White's Creek; the struggling native cutthroat trout population then grew at least sevenfold

In White's Creek, Montana, a dedicated conservation project took shape to safeguard the native westslope cutthroat trout from the encroachment of non-native brook trout. By utilizing habitat restoration techniques and electrofishing for brook trout removal, researchers observed a dramatic rise in the trout population, climbing from approximately 80 to over 340 within just a few years.

19 Oct 2026 3:00 pm
Volkswagen plans to freeze salaries until 2030, works council says

Volkswagen is reportedly planning to freeze salaries for its 660,000 employees worldwide until 2030 as part of a broader cost-cutting drive. The proposed measures also include cuts to bonuses, benefits and jobs, according to a report by Sueddeutsche Zeitung.

19 Oct 2026 2:39 pm
Texas Voting: Democrats eye breakthrough as Republicans face voter anger

Texas Democrats are experiencing a rare opportunity to challenge Republican dominance in the upcoming midterm elections. Immigration policies and the economy are fueling voter discontent, particularly among Latino voters. James Talarico is engaging voters with his campaign focused on unity and populism against Ken Paxton. Meanwhile, Gina Hinojosa's campaign for governor has gained traction due to concerns over the cost of living.

19 Oct 2026 1:52 pm
France unrest leaves global brands with a burning problem

Frances weekend unrest has left luxury boutiques and mainstream retailers grappling with vandalism, looting and disrupted trade. While brands including Louis Vuitton, Celine and Sephora were affected, Carrefour estimated repair costs of over 10 million. With nationwide retail losses potentially running into hundreds of millions of euros, businesses face mounting costs and reputational risks.

19 Oct 2026 1:24 pm
Alaskas white-out week begins as NWS issues storm warning for up to 3 feet of snow

Parts of Alaska are preparing for a severe winter storm expected to bring heavy snow and high winds. The National Weather Service has issued warnings for the eastern Alaska Range, with snowfall totals reaching up to 3 feet. Strong winds will accompany the snow, significantly impacting visibility and travel conditions. Fairbanks and surrounding areas are also under a winter storm watch, with snow accumulation expected.

19 Oct 2026 12:16 pm
US very close to finalising trade deal with India, says Marco Rubio

US Secretary of State Marco Rubio said on Monday that Washington is close to finalising a trade deal with India. He said the US considers various factors, including ongoing trade negotiations, while making decisions on national security waivers related to Russian oil and gas sanctions.

19 Oct 2026 10:49 am
'Nothing justifies it, nothing excuses it..': Macron condemns shocking violence scenes across France

'Nothing justifies it, nothing excuses it..': Macron condemns shocking violence scenes across France

19 Oct 2026 10:36 am
'He doesnt care...': Trump says Zelenskyy knows Russian refinery strikes hurt global diesel markets

'He doesnt care...': Trump says Zelenskyy knows Russian refinery strikes hurt global diesel markets

19 Oct 2026 9:20 am
Sergio Gor welcomes Rubio to Uzbekistan ahead of key C5+1 Ministerial meeting

US Secretary of State Marco Rubio arrived in Samarkand, Uzbekistan, leading a large delegation of business executives. His visit focuses on strengthening trade and investment between the United States and Central Asian countries. Meetings with foreign ministers will address regional security and economic collaboration. Following Uzbekistan, Rubio will continue to India to discuss energy cooperation and strategic partnerships. Both visits aim to deepen bilateral ties and unlock new opportunities.

19 Oct 2026 8:51 am
Cyberattacks on critical financial infra could disrupt payments, credit and market confidence, IMF warns

Cyberattacks targeting critical financial institutions and market infrastructure could disrupt essential financial services and undermine market confidence, the International Monetary Fund (IMF) has warned, identifying cyber threats as a growing systemic risk as financial services become increasingly digital and interconnected.

19 Oct 2026 8:45 am
CJP alleges delay in bail hearing of Saurav Das and Ashutosh Ranka

The bail hearing of Cockroach Janta Party (CJP) leaders Saurav Das and Ashutosh Ranka was delayed on Sunday after the Special Executive Magistrate failed to arrive at the scheduled time, activist Ratna Singh alleged.

19 Oct 2026 8:02 am
Kenya's Ebola cases hit 8, with no community transmission yet

Ebola cases in Kenya have risen to eight following the confirmation of another infected individual. This person was in quarantine after being identified as a contact of the first patient. The first patient, who traveled from Congo, died shortly after arriving in Kenya with symptoms. Health officials are monitoring over 130 individuals, including health workers, who had contact with the initial patient.

19 Oct 2026 8:02 am
China's economic growth picks up & rebounds to 4.5% in third quarter, beating expectations

Chinas economy grew 4.5% year-on-year in the third quarter, beating market expectations of 4.4% and recovering from a more than three-year low of 4.3% in the previous quarter. Growth eased pressure on policymakers to announce further stimulus to meet the annual target of 4.5%-5%.

19 Oct 2026 7:55 am
Oil Price Today (October 19): Crude oil dips 2% to $108 after hitting its highest levels since May. Heres why

Brent crude futures dropped $1.80, or 1.64%, to $108.06 a barrel after settling at their highest level since May 19 on Friday. US West Texas Intermediate crude declined 53 cents, or 0.52%, to $100.88 a barrel.

19 Oct 2026 7:50 am
Gold edges higher as investors assess Fed rate-hike odds

In early Asian trading, gold prices saw a modest uptick as speculation swirled regarding the Federal Reserve's policy stance. Investors are closely watching remarks from Fed Chairman Kevin Warsh on the state of the U.S. economy and rising inflation concerns. As import costs climb, expectations for a rate hike this December are building. Furthermore, unrest in the Middle East is contributing to market volatility, influencing investor confidence.

19 Oct 2026 7:39 am
Oil slips as Trump's sanction waiver may lead to more Russian fuel supplies

Oil prices took a tumble after US President Trump eased sanctions on Russia, prompting a surge in fuel exports. Brent crude futures fell to $108.43 a barrel, down from a peak of $110. Ukrainian President Volodymyr Zelenskiy warned that such actions would adversely impact Ukraine, while the US secured a deal to import diesel from Russia.

19 Oct 2026 7:34 am