The Economic Times

China's central bank has implemented a major alteration to its monetary policy by establishing an overnight lending rate, which injects substantial liquidity into the banking sector. This initiative seeks to alleviate costs for financial entities and stimulate economic growth in light of increased credit risks. Experts estimate this change could lower interest rates by 15 basis points, thereby maintaining profitability among financial institutions.

Iran's Islamic Revolutionary Guard Corps reported that two oil tankers exploded in the Strait of Hormuz after striking naval mines. Both vessels allegedly ignored warnings about using restricted routes and had switched off their navigation systems. The UK Maritime Trade Operations issued a warning about an incident in the same area involving a merchant vessel.

Crude oil price : Oil prices have plummeted dramatically, impacting Brent and WTI crude significantly. As Iranian and Qatari officials engage in talks to mitigate tensions from the US-Israeli conflict regarding Iran, the situation is further aggravated by security threats and oil tanker assaults in the Strait of Hormuz. Experts warn of ongoing price instability post-US midterm elections, creating an unpredictable environment for global energy supply chains and market responses.

Gold prices experienced a minor uptick in early trading across Asia; however, they linger near a one-year low. Persistent worries about inflation are bolstering expectations for an impending Federal Reserve rate increase this year. The recent drop in tech stocks has placed additional strain on bullion prices, prompting a sell-off in safe-haven investments. Buyers in major Asian markets, especially India and China, remain hesitant amid expectations of further price declines.

Oil prices witnessed a decline of more than 1% as Iranian and Qatari diplomats engaged in discussions regarding the US-Israeli conflict. Brent crude futures fell to $111.84 per barrel, alongside a drop in US West Texas Intermediate crude. Analysts express optimism about potential advancements in these negotiations, which have eased short-term pricing worries.

A trade investigation into Vietnam's intellectual property practices is nearing a conclusion with a November 29 deadline. Various industries have conflicting views on whether new tariffs should be imposed on Vietnamese goods. Tesla and Samsung are against additional tariffs, while steel and wood sectors advocate for penalties. Vietnam has faced escalating exports to the US, surpassing its previous trade standings.

During a recent campaign rally in Iowa, Trump emphasized that the US also spies on China and Russia. He reassured attendees that the US performs these operations more effectively than its adversaries. This statement coincided with recent scrutiny of Chinese intelligence efforts targeting US military personnel. Two Chinese nationals had recently received prison sentences for acting as agents of the Chinese government in the US.

Canadian Prime Minister Mark Carney reported a productive discussion regarding a potential trade deal with U.S. President Donald Trump. The conversation aimed to create jobs, lower family costs, and protect Canadian sovereignty. Negotiators from both sides will continue working over the coming weeks toward an agreement. Trade relations remain tense as discussions include U.S. tariffs on Canadian steel and automobiles.

A business jet crashed in Greenacres, Florida, resulting in the deaths of all nine individuals on board. The aircraft was en route to the Bahamas from Austin-Bergstrom International Airport in Texas while encountering severe turbulence and icing conditions. Minutes before the crash, the pilot reported an emergency and rapid descent. Authorities have evacuated a nearby mobile home community as federal investigators begin their inquiries.

Wall Street today: U.S. war with Iran has been ongoing since February and has essentially shut down the vital Strait of Hormuz.

Gold rate forecast: US midterm elections 2026 and any escalation involving the US, Israel and Iran could play pivotal role in dictating the Gold price movement this year.

Bahamas-bound jet departed from Austin-Bergstrom International Airport in Texas.

Chris Murphy is considered a contender for more senior leadership positions in the Senate and among the many Democrats seen as potential 2028 candidates for the White House.

Social security projected benefit cuts 2032: At that time the fund's projected income will be sufficient to pay just 78 per cent of scheduled benefits, indicating beneficiaries will see a 22 per cent cut in monthly Social Security retirement income.

Kylian Mbapp moved past a difficult week by scoring a crucial penalty for Real Madrid. He helped his team win 3-0 against Racing Santander on Sunday. Prior to this match, he narrowly missed winning the Ballon d'Or to Harry Kane. Following the award announcement, he issued an apology for a social media video. The video contained a joke about former Chinese leader Mao Zedong, which stirred controversy.

Harry Kane had a disappointing game for Bayern Munich against Dortmund despite the pre-game celebrations. He missed a penalty during the match, hitting the crossbar instead of scoring. Kane did manage to assist one goal and was active throughout the game. This draw kept both teams level on points at the top of the Bundesliga. Despite the outcome, Kane remains a key player for his team.

Fears of World War III are growing amid rising tensions between the US and Iran, with President Donald Trump abruptly cancelling his scheduled campaign events over the weekend. The developments have raised questions about whether the conflict could escalate and whether American civilians could eventually be called up for military service.

A setback could derail Donald Trump's agenda in the Congress. While economic growth data is flashing green, energy inflation and the domestic impact of tariffs could be dampeners.

If you have been waiting for some positive signs from the universe as you have stuck in those same fights daily then this may be your week. Three signs are going to get some relief till November 8.

Andreas Almgren went from watching the NYC Marathon as a spectator last year to winning it on his debut in 2026. The Swedish distance runner clocked 2:06:01, the third-fastest time in race history. A former financial analyst and data scientist, Almgren quit his job to focus on running full-time. He has studied for a masters degree in mathematics.

Cyberattack latest: Refrigeration plays a critical role in the distribution of fresh food and the sabotage of cold storage facilities over the internet has long been seen as a nightmare scenario, alongside the loss of electricity or water plants.

US Senator Chris Murphy was hospitalized after experiencing a stroke while attending his son's hockey game. He was transferred to Johns Hopkins Hospital in Baltimore for further monitoring to assess his condition. Murphy's office reports that he is awake, alert, and responding well to treatment provided by medical professionals. His immediate schedule for campaigning ahead of the midterm elections has been disrupted by this unexpected event.

Military commissary refrigeration cyberattack probe: The Pentagon is investigating a series of unusual freezer malfunctions at US military commissaries after food worth thousands of dollars spoiled at multiple bases in August 2026. Investigators are examining whether the incidents were caused by a coordinated cyberattack, particularly after similar attacks targeted French supermarkets in October this year.

If Democrats gain control of Congress, they will challenge many of Trump's tariffs through legislation and oversight. The party aims to repeal tariffs impacting communities on both sides of the Canadian border. However, Trump's veto power will hinder their efforts to pass significant reforms. Executive actions on trade may become more prominent under the Trump administration's agenda. Overall, the evolving dynamics in Congress will shape future trade discussions and policies.

Abdullah Ocalan, co-founder of the PKK, has been imprisoned since 1999 and still influences Kurdish politics. His recent relocation within Imrali Prison has sparked discussions about his prison conditions and the peace process. Politician Mithat Sancar indicated that negotiations have stalled for two months after Ocalan's disarmament call. The PKK announced an end to its armed campaign, creating potential for a political settlement.

Thanksgiving 2026 will be celebrated across the US on Thursday, November 26, with millions expected to travel and gather with family and friends for the holiday. However, weather conditions could vary significantly across the country during Thanksgiving week. The Old Farmers Almanac has forecast rain in parts of the Pacific Northwest, cooler conditions across the Southwest and Plains, and possible snow or flurries in the Great Lakes and Midwest.

Large and Medium Industries Minister MB Patil has dismissed claims from Union Minister HD Kumaraswamy regarding Honda Motors. He described the allegations as baseless and said they could adversely impact investment in Karnataka. Patil emphasized that Honda has been successfully operating in Karnataka for over a decade and is expanding their production capabilities. The company is set to manufacture electric two-wheelers soon at their Narasapura facility.

Published in 1792, The Old Farmers Almanac provides a wealth of information about weather and agriculture. It serves as a reference for gardening advice, recipes, and astronomical data. Originally intended to support farming, it has grown in scope over the years. The publication retains relevance as technology changes how people access information. Its enduring popularity illustrates the lasting interest in traditional sources of knowledge.

The death toll in Odisha due to Cyclone Arnab has reached six, with bodies recovered from Gidipabali village. Around 10 individuals remain missing after the village was buried in a landslide triggered by heavy rainfall. Survivors have been relocated to a relief center, expressing fears about their missing loved ones. Various rescue teams are actively searching for the missing persons amidst debris and mud.

Young Republicans are emerging as candidates for Congress, promoting anti-establishment views within the party. Joe Mitchell, a 29-year-old, is running for the US House in Iowa's 2nd Congressional District. His proposals include limiting congressional terms and prohibiting stock trading by lawmakers. These candidates reflect a potential generational shift in the Republican Party's future. Their success may influence the GOP's direction in the upcoming midterm elections.

Iran's Supreme Leader's representative stated the country seeks peace but is prepared for conflict. Iranian officials responded strongly to recent threats from the United States and Israel regarding military actions. Both Iranian Defence Minister and Foreign Minister emphasized the need for direct negotiations concerning the Strait of Hormuz. The situation remains tense as military options are being evaluated in Washington.

Powerball jackpot has estimated to jump USD 793 million with a cash value of USD 333.9 million for Monday drawing. Montana millionaire lottery tickets can be purchased at grocery stores, gas stations, casinos, bars and taverns.

Las Vegas flash flooding remains a concern as the National Weather Service issues a Flood Advisory for northeastern Clark County until 9 am Sunday and keeps a broader Flood Watch in effect through Sunday night. Light-to-moderate rainfall will continue through the morning, with highest rainfall accumulations across Clark, Lincoln, & Mohave counties, according to NWS Legas.

Residents of Kauai experienced significant travel disruptions and continued risks from floodwaters after heavy rainfall occurred. A flash flood warning was issued by the National Weather Service due to intense rainfall rates on the island. While roads were affected and some closed, a community refuge area was opened for those in need. Authorities remain vigilant in monitoring conditions and ensuring the safety of travel routes.

Michigan MI-7 campaign spending 2026: Republican incumbent Tom Barrett, Democrat William Lawrence and Green Party candidate Shane Dedrick are contesting Michigan's 7th Congressional District in the November 3 US midterm elections. Barrett is banking on his military background and record in office, while Lawrence is focusing on healthcare, affordable housing, workers' rights and childcare.

North Carolina 11th Congressional District election 2026: North Carolinas 11th Congressional District will see Democrat Jamie Ager face Republican Jennifer Balkcom and Libertarian Travis Groo in the November 3 election. The Republican nomination changed hands after incumbent Chuck Edwards withdrew from the race on August 5, 2026, following a House Ethics Committee recommendation to censure him over allegations of inappropriate behaviour towards female staffers.

US Election results 2026: Thirty-five Senate seats and all 435 House of Representative seats are on the ballot on Tuesday. Republicans hold a 53-47 Senate majority and a narrow edge of 218-214 in the House.

Early Sunday morning, a shooting incident unfolded in East Lansing, Michigan, near Linden Street and M.A.C. Avenue, just past midnight. Witnesses reported hearing several gunshots during a dispute among individuals. An ELPD officer provided immediate medical assistance at the scene, but the extent of injuries remains unclear. Authorities are actively seeking the suspect, assuring the community there is currently no ongoing threat.

A team from Northern Arizona University has made significant strides in understanding plant-fungal dynamics through an innovative experiment. They found that dark septate endophytes are capable of linking isolated plants and facilitating water transfer, leading to improved growth compared to those without fungal support. These findings underscore the crucial role of fungi in plant resilience, suggesting new approaches for the preservation of vital ecosystems.

NYC Marathon TV Coverage: The 2026 NYC Marathon will bring nearly 60,000 runners to New York City on Sunday, November 1. Wondering where to watch the race live? Here's everything you need to know about NYC Marathon TV coverage, including the channels broadcasting the event, live streaming platforms, broadcast timings in the US and viewing options for audiences in India.

Iran warned on Sunday that any renewed war with the United States could last longer than the previous round of fighting, after President Donald Trump said he still had to ake care of more targets. A potential future war could last longer than previous conflict, and the American president would not be in a position to dictate the timing or the conditions of its conclusion, said army spokesman Mohammad Akraminia, according to Iranian state television.

Kirwin, a once-bustling mining community nestled in the Absaroka Mountains of Wyoming, experienced a fleeting boom in the early 1900s. The settlement featured essential amenities like hotels and stores catering to miners' needs. However, a devastating snow slide in February 1907 crippled the towns infrastructure, leading to a rapid decline in mining activity and a mass exodus of its residents.