The Economic Times

Heck of a family fight: Kevin Warsh signals dissent in FOMC committee as Fed holds rates steady

On Wednesday, the Union cabinet approved a 3% increase in dearness allowance for employees and pensioners. This increase is expected to benefit over 11.6 million individuals ahead of the festive season. The change will take effect retrospectively from July 1, costing the exchequer 10,016 crore. Additionally, the government revised dearness allowance rates for employees under the Fifth and Sixth Pay Commissions.

Kristen Wiig has reduced the asking price of her midcentury modern home in Pasadena, California to $5.495 million after initially listing it for nearly $6.3 million in May 2026. The actor purchased the property for $5.5 million in February this year. The property is located in San Rafael. The 1965 residence is spread in 5,559 square feet.

Israel's president expressed hope for avoiding another election following the recent vote with no decisive outcome. Prime Minister Benjamin Netanyahu's right-wing bloc remains ahead but lacks a majority. Meanwhile, former military chief Gadi Eisenkot leads a broad opposition bloc seeking coalition opportunities. Israeli Arab parties may play a crucial role in determining the next government. Both political factions are actively looking to form alliances in this uncertain political landscape.

In the first eight months of 2026, countries aligned with the US purchased a net total of $174.3 billion in Treasuries. This amount represents a significant decline, reflecting a drop of over 60% from the previous year. It marks the lowest investment level recorded for this period since 2021. The data highlights a shift in fiscal relationships between the US and its partners.

Prediction markets are actively trading Anthropic contracts following the company's IPO filing earlier this week. Traders are making binary bets on various elements of the IPO, such as its valuation and listing exchange. Anthropic's IPO could potentially value the company between $1.5 trillion and $2 trillion, offering a keen financial interest. Platforms like Polymarket and Kalshi are facilitating these bets and generating excitement among investors.

Abu Dhabi National Oil Co. has informed Asian refiners about future crude supply via a new pipeline. The pipeline aims to circumvent the strategic and vulnerable Strait of Hormuz, enhancing oil delivery security. Adnoc plans to initiate some supplies from Upper Zakum crude to customers at Fujairah terminal early next year. This move follows the UAE's decision to leave the Organization of Petroleum Exporting Countries, allowing for more production flexibility.

Qatar and Pakistan are leading efforts to mediate a peace deal between Iran and the US. A new draft has been proposed, which addresses concerns of both Tehran and Washington. Iran is expected to respond to this draft by the end of the week. The deal proposes a seven-day timeline for confidence-building measures between the two nations.

Yemen's Houthis launched an attack on the Aden airport after issuing evacuation warnings due to escalating violence. Residents reported hearing explosions near the facility, leading to a halt in air traffic operations. An aid source indicated that some UN staff had left just before the attack occurred. There were also reports of explosions heard in other parts of the city during the incident.

Terrestar Solutions Inc. has entered into a partnership with Space42 Plc and Viasat Inc. to enhance mobile satellite connectivity. This collaboration aims to create an open standard for sharing satellite infrastructure globally. The parties signed a memorandum of understanding in Ottawa during an important diplomatic visit. Terrestar plans to develop a low-Earth orbit satellite system to improve coverage in underserved areas.

Moon is aligning with Mars on October 29 and its astrological interpreation means this is a time to have patience. You need to focus on difficult sitaution and resolve it without making a big deal out of it.

Amazon has confirmed a new wave of layoffs, impacting approximately 250 workers within its devices division. Just weeks ago, the company cut around 1,000 positions from its core retail sector. These reductions aim to enhance operational efficiency and align with future product strategies. Meanwhile, both Microsoft and Dropbox have joined the trend, recently announcing their own workforce cuts amidst a tech industry facing widespread layoffs in 2026.

Apple TV's Shrinking is set to return for a new season with significant changes in the storyline. The fourth season will feature a two-year time jump that influences key character Paul Rhoades. This shift presents new challenges related to his battle with Parkinson's disease. The show aims to delve deeper into the realities of living with a progressive neurological condition.

'We love Marco': Texas rally goes wild as Rubio speaks alongside President Trump in midterm campaign

Kevin Warsh LIVE | Fed Chair speaks on interest rates amid midterm elections & rising fuel prices

Dropbox is set to cut approximately 200 jobs as part of its growth-oriented reorganization plan. The focus will be on restructuring teams in engineering, product, and administration, resulting in several employees leaving immediately. On November 18, Chief Technology Officer Ali Dasdan will also resign. Employees impacted by the layoffs will receive severance packages including financial support, while the company aims to enhance operations and customer service effectiveness.

Apple Pro and Tell: Apple has launched its first touchscreen MacBook Pro at the Pro and Tell event, with US prices starting at $2,899. Apple has opened preorders for the new touchscreen MacBook Pro models, with availability scheduled to begin on November 6 Here's what buyers in the US, UK and Canada need to know about pricing, new features and availability.

A tragic lawsuit has emerged following the death of Bowen Wan, a 31-year-old software engineer, due to complications from epilepsy. Her parents claim that misleading advice from OpenAI's ChatGPT contributed to her decision to lower her medication without medical guidance. Healthcare professionals stress the necessity of proper supervision when managing such serious conditions.

The Ramses II colossal statues discovery in Egypt began when a farmer Khaled el-Shahat Khalil growing cucumbers unearthed ancient statue remains on his land. The discovery earned him and his wife a trip to Mecca to perform Umrah. The discovery occurred while Khalil was growing cucumbers in a greenhouse on his land

'Theyd be leading riots in NYC or Detroit!': Vances explosive hypothetical targets Piker, El-Sayed

'Future of Republican Party': Trump hails Gill's Texas speech; predicts him next big thing for GOP

'I made the mistake of': Trump cant stop talking about GOP mens physiques; Now reveals why

UAE honours Flydubai pilot Smit Machchhar, Order of Zayed II for bravery during mid-air attack

Flavio Bolsonaro, Brazil's defeated presidential candidate, arrived in Florida despite a court order barring his exit. He is currently under investigation for alleged corruption and money laundering following his election loss. Bolsonaro's trip included a stop in Ecuador and speculation about his whereabouts had been rampant. Brazilian President Lula condemned his departure from the country as shameful and suspicious.

The ministry said it has released funds under the Integrated Programme for Senior Citizens (IPSrC), a component of the Atal Vayo Abhyuday Yojana (AVYAY), for the financial year 2026-27.

On October 30, a workshop will be organized by the DGFT, Karnataka government, and FIEO in Bengaluru. The event aims to enhance Karnataka's export competitiveness and awareness of Free Trade Agreements. Nearly 200 participants, including exporters and industry officials, are expected to attend. Technical sessions will cover opportunities in various sectors and policy interventions under new FTAs. Senior officials and the state minister will address attendees at this important event.

On October 30, Prime Minister Narendra Modi is set to launch the 24th installment of the PM-Kisan scheme in Gujarat, aiming to support over 9.34 crore farmer families across the country with more than Rs 18,680 crore. In Gujarat alone, financial assistance surpassing Rs 1,051 crore will be granted to over 52.33 lakh farmer families.

David Bossek is undertaking a global expedition to explore responsible travel and environmental awareness. He began his journey from Germany in 2024 after recovering from a cycling accident. Following a primarily overland route, he has already traveled through diverse landscapes and cultures. His experiences challenge conventional travel methods while contributing positively to local communities. Bossek plans to return to Germany in 2028, embracing unexpected opportunities along the way.

During his first Diwali as Prime Minister, Andy Burnham expressed his commitment to strengthen UK-India relations. The celebration at 10 Downing Street included lighting lamps and cultural performances. Burnham emphasized the importance of harmony among various communities in the UK. Key speakers highlighted the ongoing free trade agreement between the two countries and its benefits. The festive events reflect the growing partnership between the UK and India.

Google services, including YouTube and YouTube Music, have reported significant issues on October 28, 2026. Thousands of users faced problems accessing these platforms, with complaints rising sharply throughout the day. Users encountered issues streaming videos and loading content, prompting discussion on social media. Despite reports of widespread problems, Google's official status dashboard shows services operational. The cause of these issues remains unclear and has not been confirmed by Goog

UK Chancellor John Healey has announced an innovative cost-of-energy payment aimed at aiding households in council tax bands A to D in England. Scheduled for January 2027, this initiative is expected to support roughly 20 million homes, funded by elevated taxes imposed on banks. The announcement details the council tax bands in England, encouraging residents to assess their eligibility for reductions or discounts on their council tax.

UK minimum wage 2027: The UK minimum wage will rise by 3.9% in April 2027, taking the hourly rate to 13.21 for workers aged 21 and over and 11.27 for those aged 18 to 20. Here's what to know about the new minimum wage 2027, how much more workers will earn and when the new rates take effect.

UK Chancellor John Healey announced a new scheme named Your First Home to support first-time homebuyers. This initiative allows eligible buyers to purchase homes with a minimum deposit of 2.5% and provides a 20% government-backed equity loan. Income limits apply, with caps based on local property prices to ensure assistance reaches those in need. Developers will contribute towards the scheme, which will have a capped annual funding.

Fast-food chain Arby's has reintroduced its Deep Fried Turkey sandwich lineup for the holiday season. The two offerings include the Deep Fried Turkey Gobbler and the Deep Fried Turkey Club. These sandwiches feature traditional Thanksgiving flavors, providing customers with festive options without the hassle of preparation. The sandwiches will be available for a limited time at participating locations across the country.

Global commodity prices are projected to rise significantly in 2026, driven by conflict in the Middle East and supply disruptions. Energy prices are likely to escalate by 32% due to decreased oil supply and increased consumption. Food prices are expected to increase about 10% in 2026 due to rising farm costs and disrupted grain shipments. The World Bank emphasizes the urgency of supporting vulnerable countries facing economic hardships.

In the early 1990s, Louisiana black bears were on the brink of extinction due to habitat loss caused by human development. Thanks to dedicated conservation efforts, their numbers have rebounded from a mere 150 to approximately 750. Strategies like establishing interconnected forests and relocating bears have been vital to enhancing genetic diversity.

A violent incident occurred at El Castillo Penitentiary Centre in Mazatln, resulting in multiple deaths and injuries. The conflict led to the deaths of nine prisoners and one visitor during a shootout. Following the incident, military and law enforcement were deployed to maintain order and conduct an investigation. Authorities found only two pistols despite confirming the use of firearms during the altercation.

The goods trade shortfall increased 2.1%, or $2.8 billion to $134.9 billion last month, the Commerce Department's Census Bureau said on Wednesday. Economists polled by Reuters had forecast the goods deficit at $130.2 billion.