Bloomberg L.P.
The Trump administration will fund only half of the US food assistance program (SNAP) payments in November, despite a court ruling for full funding. This affects about 42 million Americans who will receive only half of their usual benefits.
Hurricane Melissa caused $2. 2 to $4.2 billion in damage to Jamaica, destroying most roofs in some areas. 28 people died, and less than 20% of residential properties were insured.
Chinese refineries are reducing purchases of Russian oil due to sanctions from the US and its allies. This applies to both state-owned giants and private firms, leading to a drop in ESPO prices.
Microsoft plans to invest over $7. 9 billion in the UAE by 2029 to develop cloud computing, data centers, and artificial intelligence. The company's total investment in the UAE from 2023 to 2029 will reach $15.2 billion.
The UK has continued to supply Ukraine with Storm Shadow cruise missiles for long-range strikes against Russia. This will provide Ukraine with supplies ahead of the winter months and increase pressure on the Kremlin.
Ankara and Baghdad signed an agreement on water infrastructure, where Turkish companies will implement projects financed by Iraqi oil. The agreement provides for the construction of three dams and land reclamation programs.
Mayor Carlos Manso, who criticized the government's inaction in the fight against crime, was shot dead in the middle of a crowd during a festive ceremony near a church. Two attackers were detained, and a third died during the pursuit.
US President Donald Trump said that America is not planning nuclear tests for now, as he and senior US officials had previously reported.
The Philippines and Canada have signed a visiting forces agreement to enhance security cooperation and counter China's activities in the South China Sea. This pact allows for joint exercises, military presence, and expanded defense cooperation.
Israel plans to intensify military strikes against Hezbollah, US officials warn Beirut that time is running out for the organization to disarm.
OPEC+ is preparing to approve a small increase in oil production in December, in line with its strategy of gradually restoring volumes. The decision will be made at an online meeting on Sunday, despite falling oil prices and sanctions against Russian companies.
The United States and Cambodia are resuming military exercises for the first time in eight years after a peace deal between Cambodia and Thailand, brokered by US President Donald Trump. US Defense Secretary Pete Hegseth announced the resumption of the "Angkor Sentinel" exercises after meeting with his Cambodian counterpart in Malaysia.
Federal prosecutors expanded their investigation into Jeffrey Epstein's sex crimes in 2007 to include potential money laundering charges. In response, Epstein and his team launched an aggressive campaign against an Assistant U.S. Attorney.
Dmitry Peskov commented on reports of the cancellation of the meeting between Putin and Trump in Budapest on October 31. He urged to "focus on official wordings, not on media assessments."
Gold prices are holding near $4,000 an ounce as traders assess the implications of a trade truce between the US and China. Spot gold fell 0.8% on Friday after earlier rising 2.4%.
US President Donald Trump has enshrined provisions protecting digital trade from taxes in trade agreements with Malaysia, Cambodia, and Thailand. This initiative aims to support American technology companies and maintain global influence in the field of electronic services.
Chinese and Japanese scientists are creating a joint monitoring system to predict and study powerful tropical cyclones. This will allow real-time data exchange on the intensity, direction, and structure of storms.
Following the truce between the Chinese and American leaders, the heads of the defense ministries, Pete Hagset and Dong Jun, held a meeting.
Apple expects significant growth in iPhone sales in the holiday quarter, forecasting a double-digit increase in figures. The company's total revenue could grow by 10-12%, exceeding analysts' expectations.
The Trump Organization's five-star golf resort in Vietnam has faced delays due to a dispute with farmers over compensation. The project, which includes hotels and golf courses, is planned to be completed by 2029.
Ford Motor Co. is investing $370 million to upgrade a closed plant in Tamil Nadu to produce over 200,000 engines annually for export. This comes amid trade tensions between India and the US, reaffirming India as a key manufacturing base for Ford.
Russian seaborne oil product exports fell to 1. 89 million barrels per day, the lowest level in three years. The reason was disruptions at refineries, sanctions, and Ukrainian drone strikes.
Chinese company BYD Co. reported a 33% year-over-year drop in quarterly profit, the largest decline since 2020. Net profit was 7.82 billion yuan, and total revenue decreased by 3% to 194.98 billion yuan.
Russia has resumed military flights to the Hmeimim airbase in Syria after a nearly six-month hiatus. Two Russian planes made flights to the Syrian city of Latakia, where the base is located.
A Microsoft Azure outage caused technical problems for Alaska Air Group Inc. , affecting the websites of Alaska Airlines and Hawaiian Airlines. This is the third third-party system outage this year to impact the airline.
Google's YouTube will use AI to improve the visual clarity of low-resolution videos on TVs, the web, and mobile devices. The upscaling feature will initially apply to videos below 1080p, with an opt-out option for content creators.
Honda Motor Co. is cutting and temporarily suspending production at some of its North American plants due to a shortage of semiconductors. The chip shortage is already affecting the automotive industry in the US, Canada, and Mexico.
The US expects Serbia to persuade Gazprom to sell its stake in NIS or gain control of the refinery through nationalization.
The US has lifted sanctions against Milorad Dodik and members of his family following the Bosnian Serb leader's resignation as president of Republika Srpska. Dozens of individuals and companies from the Serb part of Bosnia have also been removed from the OFAC list.
The US has issued a license for operations with Rosneft's German subsidiaries until April 29, 2026. This gives Berlin six months to resolve the issue of ownership and asset management.