The Economic Times
Elections 2026Global Business / The Economic Times
The upcoming US midterm elections could increase the potential for a government shutdown and legislative standoffs. Democrats are predicted to have a high chance of controlling both chambers of Congress, which may impact future policies. While significant tariff changes are not expected, uncertainty for businesses may rise under new leadership. Additionally, ongoing disputes surrounding the debt ceiling could affect government financial stability.
ST LNG has received approval to build a deepwater liquefied natural gas port off Matagorda, Texas, costing USD 8.2 billion. Construction is expected to commence in 2027 and the port will be operational by 2029. The project is anticipated to have a total export capacity of 8.4 million tonnes of LNG annually. It will also create approximately 2,000 construction jobs and up to 855 permanent positions.
A recent theft at the Fondazione Magnani Rocca museum resulted in 9 million worth of stolen artworks. The incident reflects a broader trend of increasing thefts at smaller museums across Europe. Research indicates that many cultural institutions lack adequate security and emergency plans to combat such threats. Authorities are taking measures to improve security, including investing in technology and surveillance.
Alaska Air Group will eliminate approximately 200 non-contract positions due to significant financial pressures. Rising fuel prices and other challenges have led to concerns about potential losses this year. The company's chief executive warned of an anticipated $700 million annual loss under current conditions. Affected employees will receive pay and support until the end of December.
S Jaishankar met with Canadian Foreign Minister Anita Anand to discuss diplomatic relations between India and Canada. They agreed that Prime Minister Modi's visit in December will strengthen their ties further. Previous tensions arose after allegations against India regarding a separatist's killing earlier this year. Relations have improved since Canadian Prime Minister Mark Carney's election and visit to India.
Delhi Police have arrested Shivam, a member of the Hashim Baba gang, for a murder that occurred recently. A 30-year-old man was fatally stabbed in northeast Delhi on October 24 and later died at a hospital. In a separate incident, Seema Rishi was killed while trying to protect her son from attackers on October 15. The woman's husband described how they were attacked during a confrontation.
Auqib Nabi has been added to India's ODI squad for the first three matches against New Zealand. This change comes after Prasidh Krishna was ruled out of the series due to a hamstring injury. The ODI series is scheduled to begin on November 4, 2026, at Eden Park in Auckland. India will also have several key players in their updated lineup for the matches.
Brent crude rose 13.6% in October to settle at a six-month high of $117.64 a barrel, as fears of fresh US strikes on Iran and threats to shipping through the Strait of Hormuz fuelled supply concerns. Analysts warn of further volatility, with Goldman Sachs flagging a possible rise to $120.
Top diplomats from the G20 nations met in Atlanta, discussing critical global security issues without consensus. Significant divisions arose, particularly regarding Russia's war with Ukraine and the Iran conflict. Instead of a joint communique, a chairman's statement will summarize their discussions. Participants hoped to make the upcoming G20 leaders summit in Florida a success despite disagreements. U.S. Secretary of State Marco Rubio emphasized the need for unity during the conversations.
Gold prices have plummeted to a year-long low, driven by anxiety over AI expenditure trends and declining tech shares. Other precious metals such as silver, platinum, and palladium have similarly seen their values drop sharply. Market experts forecast that precious metals may rebound, particularly if gold stays under $4,000. A decline in demand for silver's industrial and jewelry uses further complicates its market outlook, leaving a persistent downtrend expected.
A US appeals court dismissed the Trump administration's effort to prevent California from counting mail ballots. This decision involved over 20,000 voters alleged to be noncitizens. The court's ruling came after a federal judge stated that blocking these ballots could harm lawfully registered voters. The Justice Department's lawsuit aimed to segregate ballots until voter citizenship was verified. Evidence shows that noncitizen voting is extremely rare despite the administration's claims.
A federal judge issued a temporary restraining order against the Justice Department regarding ballot processing threats. This ruling followed a lawsuit by labor unions and civil rights groups. The judge prohibited any intimidation or coercion of election officials regarding registered voters' ballots. Additionally, the Justice Department was barred from making criminal prosecution threats to election officials.
Two helicopters collided in midair while on different flights in Oregon, leading to the tragic deaths of three individuals. The larger helicopter, an Airbus AS350B3, was conducting a maintenance flight during the incident. Eyewitness accounts reported hearing an explosion before the helicopters crashed into a farm field near McMinnville. The victims included experienced pilot Tyler Sturdevant, flight instructor Maddie Aasbo, and student pilot Christopher Joughin.
Disillusionment among Latino voters in Yuma, Arizona, has increased ahead of the upcoming midterm elections. Many voters once supportive of Donald Trump are now critical of his administration's policies. Rising inflation and dissatisfaction with immigration enforcement have driven this shift in sentiment. Some voters plan to abstain from voting, showing a lack of support for alternative candidates. This trend reflects broader discontent within the Latino community regarding current political lea
US oil companies are enhancing refinery capacities and reopening closed plants due to global supply disruptions. ExxonMobil and Chevron reported record profits, attributed to soaring commodity prices and refinery margins. Additionally, ongoing conflicts have severely impacted refining output, particularly in Russia and Iran. Analysts suggest that it may take until next year for supply chains to stabilize.
Binance says hackers stole more than $6 billion in what is being described as the largest cryptocurrency heist on record, with blockchain intelligence firms linking the attack to North Koreas TraderTraitor hacking unit. The exchange has set aside $6.34 billion to cover losses, frozen about $3 billion in affected assets with partners and says it will reimburse users while investigators trace the stolen funds.
Gold rate in October saw one of the worst months for the bullion in a year. Traders are curious whether gold rate will jump or go further down in November.
Wall Street today: S&P 500 tech sector posted its largest monthly percentage loss since March 2025, and communication services registered its biggest monthly drop since April 2022.
US Federal Reserve in September raised rates for the first time in three years in an effort to combat higher inflation, tied in part to high energy prices and the Artificial Intellience (AI) boom.
Vote illegally, face': DOJ subpoenas California election officials over noncitizen voting claims
US midterm election 2026: California voters will elect a new governor on November 3 and decide a handful of House races that could swing the balance of power in Congress.
Qatari mediators arrived in Tehran to support ongoing negotiations between the US and Iran regarding nuclear issues. US President Donald Trump expressed optimism that the conflict with Iran would conclude soon. However, he did not elaborate on how the resolution would take place during the upcoming elections. Iran maintains its stance on nuclear demands while seeking relief from economic sanctions imposed by the US.
Pentagon officials have requested several NATO countries to tone down their public statements regarding Russia's threat. These requests are primarily directed towards Lithuania, Latvia, and Estonia. Concerns have arisen over comments suggesting Russia is cornered due to its stalled invasion of Ukraine. As the Trump administration seeks a negotiated end to the war, pressure is applied on Ukraine as well.
he founded the influential label Maybach Music Group, boosting the careers of signees like Wale, Meek Mill and French Montana.
The US Federal Communications Commission intends to vote on banning Chinese telecom firms from accessing US phone numbers. Concerns around national security have led to this potential decision against companies like China Mobile and China Telecom. The measure aims to prevent illegal robocalls and protect US telecommunications. China has opposed this likely ban, asserting it undermines legitimate business practices.
Israel's recent inconclusive election has left major political blocs short of a governing majority. Gadi Eisenkot, the opposition leader, may challenge Benjamin Netanyahu with the help of Arab parties. The two main Arab parties, Ra'am and the Joint List, hold a combined 19 seats in the Knesset. While some Jewish opposition figures reject Arab support, Ahmad Tibi has offered assistance for a minority government.
If you are looking for spooky but good Halloween wishes to share with your friends or on social media then you are at the right place. Choose a funny greeting for the group chat or a warmer message for someone you miss. The collection includes short Happy Halloween notes that work with costume pictures and party invitations.
In Manipur, ethnic violence has led to significant casualties and displacement since May 2023. The Suspension of Operations agreement with Kuki militant groups has faced opposition by the Meitei and Naga communities. Several SoO cadres are accused of involvement in recent conflicts and violence. The future of the SoO agreement remains uncertain, raising concerns among local communities. Assembly elections will soon bring these issues to the forefront of political debate.
Isro successfully launched its GSLV-F18 rocket carrying the 2,250-kg NVS-03 satellite from Sriharikota at 11:51 pm on Friday. The mission aims to strengthen India's indigenous NavIC navigation system through upgraded satellite capabilities, including an indigenous atomic clock and the addition of the L1 frequency signal alongside existing L5 and S-band signals.
Thirty-six Bangladeshi nationals were apprehended in Dhubri for allegedly entering India without valid documents. Authorities received a tip-off regarding a potential mass transit of infiltrators through the area. The arrests took place early in the morning at the Jogamaya ferry ghat of the Brahmaputra river. The individuals all came from Chapai Nawabganj in Rajshahi division of Bangladesh. Investigations are ongoing as police conduct document scrutiny and questioning.
Uttar Pradesh Chief Electoral Officer Navdeep Rinwa is demanding answers regarding the validation of questionable voter registration forms. An investigation disclosed that 13,779 forms were wrongly included on the voter list, with 10,470 of these receiving improper approval. This situation has prompted scrutiny of both past and present district election officers, with clarifications anticipated from those overseeing the registration procedures.
Threes zodiac signs are expected to get positive vibes from the universe. The festival may be spooky but it will turn to joy for them if they focus on the right things.
Jammu and Kashmir Police arrested ten individuals in Shopian district for their involvement in a terror financing network. The accused were connected to various online financial transactions suspected of funding terrorist activities. Investigations indicated these individuals were raising money from the public to support terrorists like Lashkar-e-Taiba. Additionally, the funds were allegedly used for logistical support, including providing smartphones for terrorist operations.
Foreign secretary Vikram Misri is scheduled to visit Kathmandu to prepare for Balendra Shah's visit to India. Shah's visit will mark his first trip abroad as Prime Minister of Nepal, occurring in late November. Several India-funded projects are expected to be inaugurated, and new projects will be launched during this visit. Nepal is likely to request additional Indian investments in various sectors, including hydropower and hospitality.
Between 2011 and 2023, India successfully elevated about 496 million people from poverty, showcasing a significant reduction in those living below the poverty threshold. A steep decline in extreme poverty reflects improved living conditions. However, income inequality lingers across different job sectors and regions. The World Bank forecasts ongoing reductions in poverty levels, but at a more gradual rate than before.
Four American cities will receive substantial federal funding to improve public safety and reduce violent crime. Jacksonville, Baton Rouge, Jackson, and St. Louis have been selected for this initiative. Each city faces distinct challenges, including police staffing shortages and technological needs. The funding will enhance local law enforcement strategies tailored to community requirements. Details regarding the specific allocation of funds will be announced shortly.
Binance, the world's largest cryptocurrency exchange, has reportedly suffered a $6.3 billion security breach, with analysts suspecting North Korean hackers were behind the theft. However, its US affiliate, Binance.US, has said it was unaffected by the incident, assuring American customers that their funds remain safe and services are operating normally.
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