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The Economic Times

Global Business / The Economic Times

Why is Trump redirecting $2 billion into $90 Medicare checks, and who qualifies for the payment?

President Donald Trump has announced one-time $90 payments for more than 20 million Medicare Part B enrollees. The White House says the money will come from the Medicare Improvement Fund, which has about $2 billion available. Most eligible recipients are expected to receive the payment in October, without filing a separate application.

3 Oct 2026 8:00 pm
Rajasthan Panchayat polls in 4 phases; nominations begin Oct 8

Panchayati Raj elections in Rajasthan will be held in four phases, beginning with nominations on October 8. Voting for Zila Parishad and Panchayat Samiti members will take place on specific dates in October and November. The election process includes the election of Pradhan, Up-Pradhan, Zila Pramukh, and Up-Zila Pramukh later in November. A total of 3.17 lakh personnel will oversee elections at 45,384 polling stations.

3 Oct 2026 7:56 pm
Parliamentary panel may recommend stricter monitoring of crypto transactions in India

A committee in Parliament is in the process of exploring the legal avenues for regulating cryptocurrency transactions and assets within India. They aim to identify technological strategies for tracking these digital assets responsibly. Highlighting the government's earlier stance on cryptocurrencies as unregulated and risky, recent notices under the Prevention of Money Laundering Act have been dispatched.

3 Oct 2026 7:56 pm
Russian attacks kill 6 in Ukraine and damage Kyiv's Northern Bridge

Russian attacks killed at least six people in Ukraine and damaged Kyiv's Northern Bridge, disrupting traffic for a third day, while Moscow confirmed it targeted the structure. Ukrainian strikes also caused casualties in Russia. Moldova's president warned that the war was increasingly spilling into her country after reported Russian airspace violations.

3 Oct 2026 7:54 pm
Man books retiring room through IRCTC by paying Rs 333 for western bathroom, ends up with Indian toilet in the room; court orders Rs 20,000 compensation

Chandigarh State Consumer Commission increased the compensation for a senior citizen after inadequate toilet facilities were provided. The complainant, aged 73, booked a retiring room expecting a Western toilet but found an Indian toilet. Following initial acknowledgment of the error, the refund was denied after the room was not used. Initially awarded only Rs 3,000, the compensation was raised to Rs 20,000 for mental anguish and litigation expenses.

3 Oct 2026 7:53 pm
India's Russia-Ukraine peace proposal 'most comprehensive' among four plans: Kyiv

Ukraine is evaluating four international proposals to resolve the ongoing Russia-Ukraine conflict, highlighting India's comprehensive approach. Foreign Minister Andrii Sybiha noted India's newfound willingness to engage in the peace process. Other proposals include initiatives from Turkiye and Egypt for grain truce and a U.S. energy truce. Both Zelenskyy and Putin have acknowledged India's principled stance and Modi's diplomatic efforts.

3 Oct 2026 7:53 pm
Sell your stocks too soon and you may pay more: How long you hold an asset changes your 2026 Capital Gains Tax, and timing matters here

The baseline for tax planning in 2026 relies on shifting retirement contribution limits. The IRS adjusted these thresholds, altering the calculus for wage earners trying to suppress their taxable income. A traditional 401(k) or 403(b) now absorbs up to $24,500 in pre-tax earnings. Individual Retirement Accounts cap at $7,500.

3 Oct 2026 7:00 pm
Jeff Bezos' ex-wife MacKenzie Scott gave $30 million to Silicon Valley housing group; heres how her mega donation could help create affordable homes across the Bay Area

MacKenzie Scott has made headlines by donating $30 million to Housing Trust Silicon Valley, a game-changing support for the nonprofit. This significant contribution aims to tackle the alarming affordable housing issue in the San Francisco Bay Area. Over the next ten years, Housing Trust will leverage this funding for various community initiatives, continuing Scott's long-standing commitment to enhancing housing access, with her total philanthropy surpassing $19 billion recently.

3 Oct 2026 6:53 pm
Artificial Intelligence: Which jobs are going to be replaced by AI? Which age group will be exposed the most? Here's what experts say

Which jobs are not safe from AI? Questions are being raised over the nature and magnitude of impact of Artificial Intelligence in coming times.

3 Oct 2026 6:40 pm
Before Flydubai attack, 12 Omani pilots flew to Israel despite ban. How did it happen?

Dozens of Omani pilots reportedly flew flydubai's Dubai-Tel Aviv route in recent years despite an Israeli restriction barring pilots from countries without diplomatic ties with Israel. Channel 12's report has raised questions over aviation security after an Omani flydubai copilot allegedly attacked the captain and attempted to take control of the aircraft.

3 Oct 2026 6:35 pm
How to preview your ballot online before you vote in the US midterm elections 2026, skip all the guesswork at the polling place, and go in prepared

Voters in the 2026 US midterm elections can preview their ballots and candidates in advance. By checking their sample ballots and voter guides, individuals can prepare for Election Day efficiently. Important voting dates include the start of mail ballots on October 5 and the last day for registration on October 19. Voters have the option to vote by mail, at drop boxes, or in person on November 3.

3 Oct 2026 6:28 pm
Flydubai incident: Dubai Crown Prince praises Indian pilot Smit Machchhar after mid-air cockpit attack

Upon experiencing a violent attack mid-flight, Captain Smit Machchhar showcased remarkable bravery to protect his crew. The incident occurred on the flydubai flight FZ1073, traveling from Dubai to Tel Aviv. Despite sustaining serious injuries, the captain successfully unlocked the cockpit door, enabling assistance from crew members.

3 Oct 2026 6:12 pm
Texas mom Cibelle Savella kills 4-year-old daughter and herself after custody ruling; husband and babysitter were inside $1.1 million home when shots rang out

In a deeply tragic incident, Texas mother Cibelle Savella fatally shot her four-year-old daughter Vivian before taking her own life, following a court ruling that favored the child's father, Aaron Savella. This heartbreaking event unfolded in their Houston home, leaving family members and the community in shock and mourning. When the shots rang out, Cibelle Savella's new husband and a babysitter were present inside the house.

3 Oct 2026 5:57 pm
Homeowners, read this first: Mortgage interest and property taxes only help in 2026 if you itemize, and many are better off skipping it

Homeowners may want to look twice before claiming mortgage interest and property taxes as tax breaks in 2026. Those expenses help only when itemized deductions beat the standard deduction. For many taxpayers, they will not. Retirement contributions, HSAs, charitable giving and newer deductions may offer better opportunities, depending on income, age and filing status. The right choice comes down to the numbers.

3 Oct 2026 5:49 pm
Taylor Swift new curly hairstyle sparks Travis Kelce, 1989 and Reputation theories as fans wonder if a new era is coming

During a recent celebration of her impressive music achievements, Taylor Swift showcased a bold and curly new haircut. Marking a significant milestone with her fifth Official Chart Double in the UK, fans are buzzing with theories that this hairstyle shift could herald a transformative musical era. Whispers also suggest connections to her relationship with Travis Kelce, although Swift has remained tight-lipped about any personal links to her new look.

3 Oct 2026 5:05 pm
No drama but no handshakes either in India-Pakistan Asiad cricket final

India triumphed in the Asian Games cricket final, defeating Pakistan by 19 runs to secure their gold medal once more. The match proceeded with remarkable sportsmanship, as both teams placed their emphasis on cricket, avoiding the customary handshakes that are often clouded by rivalry. Pakistan earned silver and Sri Lanka claimed bronze, with the medal ceremony unfolding without any disruptions from the surrounding political climate.

3 Oct 2026 3:53 pm
Pakistan's inflation remains in double digits as fuel, power costs bite

Pakistan's inflation eased to 10.3 per cent in September 2026, down from 11.1 per cent in August, but remained above the government's projections as rising electricity and fuel costs continued to offset the relief from lower food inflation. The figures released by the Pakistan Bureau of Statistics showed that consumer prices rose 1.3 per cent month-on-month in September.

3 Oct 2026 3:38 pm
As public fears of AI grow, Trump digs in on voluntary safeguards

Donald Trump is seeking to reassure voters about AI safety without imposing new regulations, unveiling a voluntary agreement with six major technology companies that calls for stronger internal controls and independent audits. Critics say the pact lacks enforcement mechanisms, as public concern grows over AI risks and whether companies can effectively police themselves.

3 Oct 2026 3:35 pm
Newcastle Knights captain reacts to car crash in the city, leaving 10, including children, injured as vehicle rams into crowd of rugby fans

A shocking event unfolded in Newcastle when a vehicle rammed into a crowd, resulting in injuries to at least ten people, including young children. Two individuals were left in critical condition while others are stable and receiving treatment. Police have detained the 18-year-old driver and are investigating the circumstances, dismissing any terrorist connections.

3 Oct 2026 3:33 pm
Germany's Bayer to invest $2.2 billion in US pharma site

Bayer has announced a significant investment of $2.2 billion to establish a new pharmaceutical site in New Albany, Ohio. This project follows over $7 billion in investments by Bayer in US pharmaceutical research and development. The facility aims to focus on critical areas including cancer, heart, and kidney care. It is expected to create around 600 permanent jobs and 1,500 construction jobs during its development.

3 Oct 2026 3:15 pm
Karachi's women delivery riders navigate traffic, stigma and the road to independence

Four women in Karachi are taking to motorcycles for food delivery work to support their families. They have each faced personal challenges that motivated them to seek financial independence. The growing demand for home delivery has created opportunities for them within the city's busy landscape. Initiatives are emerging to help more women overcome transportation barriers in their professional lives.

3 Oct 2026 2:05 pm
US jails Marco Rubio ally David Rivera for secret Venezuela lobbying

David Rivera, a former congressman, received a 10-year prison sentence for unregistered lobbying for Venezuela. He was convicted for money laundering and failing to register as a foreign agent. During his trial, Marco Rubio stated they were once close friends but he knew nothing about the contract. Rivera claims his lobbying efforts aimed to undermine President Maduro rather than assist him.

3 Oct 2026 2:03 pm
Behind Captain Machchhar's Surname: The curious case of Gujarati families named after animals and insects

Captain Smit Machchhar was the pilot of flydubai flight FZ1073 when a violent incident occurred. He sustained injuries after the co-pilot attacked him in the cockpit. Despite his condition, Machchhar managed to open the cockpit door for crew intervention. The flight was safely diverted to Tabuk in Saudi Arabia following the altercation. Both Indian and Israeli leaders have praised Machchhar for his actions during the emergency.

3 Oct 2026 11:52 am
Flydubai co-pilot attacked pilot with axe, attempted 'terrorist' attack, UAE says

The co-pilot of flydubai flight FZ1073 attacked the pilot with an axe in the cockpit. He attempted to gain control of the aircraft during the incident. The United Arab Emirates prosecutor general has announced that investigations are currently ongoing. Authorities are looking into the motives behind this attack and any possible connections.

3 Oct 2026 11:47 am
China launches anti-dumping probe into chemical compound p-nitrotoluene from the EU

China has launched an anti-dumping investigation regarding p-nitrotoluene imports from the European Union due to trade tensions. This investigation follows a complaint from the domestic industry in China about pricing practices for this chemical compound. Preliminary evidence indicates that EU prices dropped significantly over the past few years, raising concerns among Chinese manufacturers. Trade officials from the European Union plan to visit Beijing shortly to discuss these issues further.

3 Oct 2026 11:44 am
Flydubai co-pilot accused of attacking captain Smit Machchhar identified as Hamam al-Hammami

Hamam al-Hammami, a co-pilot, attacked captain Smit Machchhar on a Flydubai flight to Tel Aviv. The incident, which caused the aircraft to rapidly descend, raised serious security concerns. Al-Hammami had previously been removed from Oman Air due to extremist views and later employed by Flydubai. An investigation is ongoing to uncover the motive and potential terrorist links.

3 Oct 2026 10:39 am
Donald Trump says US to send one-time $90 payment to 20 million seniors enrolled in Medicare

President Donald Trump announced a one-time $90 payment for over 20 million Americans enrolled in Medicare. The payments are intended to assist with monthly medical insurance premiums as the midterm elections approach. Most eligible seniors will receive the payment through direct deposit or checks in early October. Additionally, separate payments of $500 are being distributed to nearly one million Americans who purchased health insurance through the Affordable Care Act.

3 Oct 2026 10:34 am
Pilot stabbing raises aviation security questions, further unsettles region shaken by US-Iran war

The attack on a flydubai flight from Dubai to Tel Aviv has disrupted regional aviation, prompting the UAE to suspend commercial flights to Israel and arrange repatriation services for stranded passengers. Investigators are examining the co-pilots motive and possible outside links, while wounded Indian captain Smit Machchhar is recovering after the aircraft made an emergency landing in Saudi Arabia.

3 Oct 2026 9:16 am
US midterm elections: Trump stumps for candidates in deep red Alabama and says he'll be back again next week

President Donald Trump held a rally in Alabama where he urged support for local Republican candidates. The rally highlighted both Trump's loyalty among supporters and ongoing challenges for the GOP ahead of midterm elections. Attendees expressed their concerns about rising costs, showing mixed feelings about the current economic situation. Trump also announced plans to campaign aggressively across competitive battleground states leading up to the elections.

3 Oct 2026 8:55 am
China initiates anti-dumping investigation into p-nitrotoluene from EU

China's Commerce Ministry has launched an anti-dumping investigation concerning p-nitrotoluene imports from the European Union. This decision follows a complaint from the domestic industry regarding significant price drops. Preliminary evidence indicates EU import prices fell nearly 60% cumulatively between 2022 and 2025. The investigation reflects increasing trade tensions between China and the European Union.

3 Oct 2026 8:28 am
Saudi Arabia plans assault on Houthis to break Red Sea chokehold

Saudi Arabia is preparing for an offensive against Houthi militants in Yemen, focusing on securing the Bab el-Mandeb Strait. The operation is expected to include coordinated attacks from multiple fronts alongside Yemeni ground forces. Over 100,000 Yemeni troops could potentially participate in the planned military action. U.S. intelligence support and military aid from other nations will assist the Saudi campaign in Yemen.

3 Oct 2026 8:23 am
iPhone 18 Pro Max users face major AT&T glitch: Apple asks some US users to swap phones

Apple is asking some AT&T customers to replace their iPhone 18 Pro Max after a cellular bug left affected devices unable to make calls, use mobile data or send texts. Apple says the issue affects a small number of users and has released iOS 27.0.1 and a carrier settings update, but phones already hit by the glitch need to be swapped.

3 Oct 2026 8:19 am
Cornell University gang rape victim was lured into a closet and raped by the accused men as she was in and out of consciousness'

A former student at Cornell University has filed a lawsuit against seven fraternity members for alleged sexual assault. The complaint claims that she was drugged and assaulted at the Chi Phi fraternity house in October 2024. During her interview with investigators, she provided details of her experience that night. The Tompkins County District Attorney mentioned that the case is being reopened for further investigation.

3 Oct 2026 8:11 am
Car drives into large crowd of Australian rugby fans, injuring nine people north of Sydney

A car collided with a crowd eagerly waiting for the Newcastle Knights rugby team on Saturday morning. Many fans were present to cheer the team before their finals match, leading to injuries. Emergency services responded promptly, treating those affected at the scene. The driver involved was taken into custody following the incident. Investigations are ongoing to determine the specifics surrounding this unfortunate event.

3 Oct 2026 8:09 am
FBI commissions classified and internal 'Patel Report' about times when it 'fell short'

The FBI has issued a classified report examining its past failures to ensure future accountability and trust. Director Kash Patel emphasizes confronting the agency's shortcomings rather than rewriting history, despite criticism. The report aims to reflect on past mistakes without protecting them, promoting organizational accountability. Previous investigations and actions taken against agents involved with Trump have sparked controversy regarding the agency's integrity.

3 Oct 2026 7:54 am
Central Asia's biggest state holds month-long initiative to promote AI & digital tech

Kazakhstan is hosting AI MONTH to emphasize the importance of artificial intelligence in digitalization. The AI & Digital Bridge 2026 forum is a key event highlighting technology advancements and collaborative efforts. President Kassym-Jomart Tokayev advocates for responsible AI development while encouraging talent and investment retention. International experts and leaders gather to discuss global AI governance and partnerships.

3 Oct 2026 7:19 am
FlyDubai co-pilot who nearly crashed plane was barred from flying by Oman over extremism concerns

A FlyDubai flight with 182 people faced a near-crash incident due to an attack on the cockpit. The co-pilot, previously barred from flying in Oman, was hired by the UAE airline. Investigations are ongoing with both Israeli and Emirati officials involved. The UAE has suspended all flights to Israel, complicating travel for many passengers. The captain of the flight, praised for his actions, continues to recover in Abu Dhabi.

3 Oct 2026 6:37 am
In 1962, a spacecraft was launched by NASA to study Venus but a few moments later, the rocket went off course and was lost

A spacecraft, called Mariner 1, was NASA's first probe which planned to study Venus. A software error and a guidance control problem led to the loss of the spacecraft after it went off its intended path.

3 Oct 2026 3:45 am
'We're not telling you who to vote for, but': Hegseth gives US troops a day off to vote in midterms

'We're not telling you who to vote for, but': Hegseth gives US troops a day off to vote in midterms

3 Oct 2026 2:32 am
Quote of the day by Sean Connery: 'The key to a woman's heart is an unexpected gift at an unexpected time.' Life lessons from inspirational quote on romance and attentiveness

Quote of the day by Sean Connery from Finding Forrester speaks about the importance of an unexpected gift. It is needed to show a person that you care about them. Romance and spontaneity are highly important in relationships.

3 Oct 2026 2:32 am
Luigi Mangione arrest video: Thats 100% him - newly released footage shows how police identified him at McDonalds and what happened during his arrest

Luigi Mangione arrest video: Newly released body-camera footage shows the moments police identified Luigi Mangione at a McDonalds in Pennsylvania and took him into custody. The video captures officers questioning his identity, including the name on his ID, before showing what happened during his arrest and the search that followed at the station.

3 Oct 2026 2:29 am
How to make sure your mailed ballot counts in US midterm elections: Mail it early because the postmark date may not match the day you dropped it in the mailbox

As the 2026 US midterm elections approach, it's crucial for voters to mail their ballots ahead of time to avert potential complications. Remember, ballots must be postmarked by Election Day to be counted. In California, ballots can be accepted up to seven days late if they are postmarked correctly. Voters are encouraged to track their ballots to confirm acceptance.

3 Oct 2026 2:11 am
Will Cornell University face action over Jane Doe gang rape case revelations?

The Cornell University is under renewed scrutiny after a former student filed a civil lawsuit alleging a 2024 gang rape at a Chi Phi fraternity house. Cornell says it investigated the allegations and disciplined students. Prosecutors have reopened the criminal investigation, while New York state has appointed a special prosecutor. Students are also demanding a further accountability and changes on campus.

3 Oct 2026 1:38 am