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Business· Verified

IMF warns global economy ‘could soon test the limits of resilience’

World Economic Outlook says states’ oil stocks are low and budgets are overstretched, as it upgrades UK GDP growth forecast for 2026 Developing nations face triple shock, UN warns The global economy “could soon test the limits of resilience”, as emergency oil stocks run low and government budgets become overstretched, the International Monetary Fund has warned. In its twice-yearly World Economic Outlook, the IMF said global growth had withstood the Middle East conflict better than feared over the past six months. Continue reading...

ExplainedWorld· Developing

Why are diesel prices surging and sparking diplomatic friction?

A global diesel supply squeeze driven by Middle East and European conflicts has pushed pump prices to historic levels. A controversial United States move to ease sanctions on Russian diesel to lower costs has provoked sharp opposition from Ukraine and European allies.

World· Verified

UK PM Burnham says Iran’s IRGC ‘highly likely’ to have been behind RAF Fairford incident

British Prime Minister Andy Burnham said on Monday that a suspected plot targeting the RAF Fairford airbase in Britain was “highly likely” to have been coordinated in Iran, and almost certainly directed by the Islamic Revolutionary Guard Corps (IRGC). The RAF Fairford base in southwest England, which had been used by US bombers to carry out strikes on Iran, became the focal point for a major security response after five British men were arrested nearby in the early hours of September 27 on...

World· Verified

DR Congo's former president Joseph Kabila to lead new movement with M23 rebels

Former DR Congo president Joseph Kabila announced a new political-military alliance with Rwanda-backed M23 rebels on Monday, despite being sentenced to death in absentia for alleged complicity with the group. The move comes as debate grows over constitutional changes ahead of President Felix Tshisekedi’s final term ending in 2028.

World· Verified

At least 72 Sudanese artisanal miners killed in strike, rights monitor says

Reuters —  At least 72 artisanal miners were killed in an airstrike in northern Sudan on Saturday, rights monitor Emergency Lawyers said on Sunday, in the second such incident in several months. Emergency Lawyers blamed the Egyptian air force for the strike, a claim Reuters could not immediately verify. The Egyptian military did not comment on … The post At least 72 Sudanese artisanal miners killed in strike, rights monitor says appeared first on Egypt Independent.

World· Verified

Houthi official warns of 'swift, painful response' if US enters Yemen war

A Houthi official on Monday warned the US it would receive a "painful response" if it entered the war in Yemen, where Saudi Arabia has reportedly requested Washington's help in dealing with the group as it weathers repeated attacks. FRANCE 24's Monte Francis reports.

Business· Verified

Nobel Prize for economics awarded to Hall and Woodford for work on ‘smoothing’ crises

US economists developed models that help central bankers and finance ministers to stabilise their economies Business live – latest updates Two US economists have won the 2026 Nobel economics prize for their work developing models that help central bankers and finance ministers to stabilise their countries, avoiding long recessions and runaway inflation. Robert Hall of Stanford University, California, and Michael Woodford of Columbia University, New York, were recognised for developing the “microeconomic foundations of macroeconomic stabilisation”, giving policymakers better tools to smooth out the peaks and troughs of their economies. Continue reading...

Politics· Verified

Federal judge orders temporary halt to taxpayer-funded pro-Trump TV ads

New York judge also orders administration to cancel remaining portion of a $20m advertising purchase A federal judge has ordered Donald Trump’s administration to temporarily halt the broadcast of taxpayer-funded television ads promoting the president ahead of the 3 November midterm elections. Effective as of 6.45pm ET on Sunday, US district judge Jennifer L Rochon of the southern district of New York issued a temporary restraining order aimed at the ads that is meant to stay in effect for at least 14 days. Continue reading...

Politics· Verified

Democrats rebuke federal raid of Ilhan Omar’s home: ‘rogue abuse of power’

Top House Democrats question the ‘corrupt weaponization’ of federal government against Trump’s adversaries Ilhan Omar’s Democratic colleagues have condemned federal agents’ search of the Minnesota congresswoman’s home on Monday morning, describing it as “deeply disturbing” and emblematic of the Trump administration’s “corrupt weaponization” of the US government. House Democratic leaders, including minority leader Hakeem Jeffries, party whip Katherine Clark and caucus chair Pete Aguilar, issued a joint statement excoriating the president for the search. Continue reading...