Oil prices are down 3% for the week. This comes amid uncertainty over global supplies after Trump and Putin agreed to meet on the war in Ukraine.
Indian refineries cut Russian oil imports by 50% after "productive trade talks" with the US. Washington had been pressuring India for months to abandon Russian oil.
The European Parliament's Energy Committee supported the proposal for a partial ban on Russian hydrocarbons from 2026 and a full ban from 2027. Penalties for non-compliance are envisaged.
Sweden, Estonia, and Finland have pledged to increase spending on American weapons for Ukraine. Spain, Italy, France, and the United Kingdom have faced criticism for their restraint.
Thousands of pro-Palestinian demonstrators marched in Udine ahead of the World Cup qualifier between Italy and Israel, demanding Israel's ban from FIFA. The protest ended in clashes with police, despite the ceasefire between Israel and Hamas.
The European Commission intends to expand the "drone wall" initiative – a defense project initially aimed at protecting the EU's eastern border – to cover the whole of Europe.
Madagascar's President Andry Rajoelina has left the country after army units joined protesters. A diplomatic source said Rajoelina refused to resign, and France denied helping him escape.
SpaceX successfully launched its 11th Starship rocket from Texas, which landed in the Indian Ocean. This is the last flight before the test launch of a new version of the rocket, designed for missions to the Moon and Mars.
After the ceasefire in the Gaza Strip, 32 members of "gangs" were killed during a so-called security operation. 24 people were arrested, 30 were injured. The events are likely related to the power vacuum in the enclave.
Bank of America raised its gold price forecast to $5,000 per ounce for 2026, citing increased investment demand and geopolitical risks. This comes amid a record rise in gold prices, which have already exceeded $4,000 per ounce.
On October 13, gold rose 1. 5% to a record $4078.05 per ounce, and futures increased 2.3% to $4093.50, amid escalating trade conflicts between the US and China. Silver jumped 2.7% to $51.70, platinum 2.9% to $1635.35, and palladium 3.6% to $1452.50.
Global warming is approaching a dangerous threshold sooner than expected, with virtually irreversible coral reef die-off. This is the first 'tipping point' in ecosystem collapse caused by climate change, scientists say.
Putin eased state support rules for oil refineries, allowing them to receive subsidies even with high market prices for gasoline and diesel fuel. This decision will be in effect until May 1, 2026, and aims to encourage producers to supply fuel to the domestic market.
An unauthorized pro-Palestinian protest in Bern escalated into clashes with the police, resulting in 18 police officers being injured, four of whom were hospitalized. 536 people were detained and subsequently released after identity verification.
Elections are underway in Cameroon, where 92-year-old Paul Biya, the world's oldest head of state, intends to extend his stay in power. The election results are expected to be announced within the next 15 days.
The escalation in the Middle East region began after Pakistani airstrikes, to which Afghanistan responded with fire. The number of dead and wounded is increasing, and border crossings have been closed.
Hundreds of Rotterdam port workers are suspending their strike for five days starting Monday. This will allow for new negotiations between unions and employers regarding wage increases.
Madagascar's President Andry Rajoelina warned of an attempted coup, calling the events an "illegal and violent seizure of power. " This happened after soldiers from the elite CAPSAT unit joined mass protests that have been ongoing since late September.
Three members of Qatar's Amiri Diwan were killed and two injured in a car accident near Sharm el-Sheikh. The incident occurred a day before a meeting where Egyptian and US leaders plan to discuss a final ceasefire between Israel and Hamas.
On October 11, Guatemala received the first flight from the United States with migrants, including three Hondurans and 56 Guatemalans. Honduran citizens were immediately transferred to a temporary migration center before repatriation.
An earthquake of magnitude 5. 7 struck Ethiopia. According to the German Research Centre for Geosciences, it occurred at a depth of 10 kilometers.
In Madagascar, protesters marched for the first time since the beginning of demonstrations to 13 May Square in Antananarivo under military escort. The protests, which began due to water and electricity shortages, have escalated, posing a challenge to President Andry Rajoelina's rule.
Former US President Joe Biden is undergoing radiation therapy and hormone therapy for prostate cancer, diagnosed in May. In September, Biden, who turns 83 next month, underwent Mohs surgery to remove cancerous cells from his skin.
Heavy rains in Mexico have killed at least 27 people and left several more missing. The downpours caused landslides, power outages, and rivers to overflow their banks, damaging thousands of homes and hundreds of schools.
A number of European countries increased their purchases of oil and gas from Russia in 2025, despite a general reduction in dependence on Russian energy. The total amount of Russian energy imports exceeded 213 billion euros since 2022, while aid to Ukraine from the European Union amounted to 167 billion euros.
China has launched an antitrust investigation into American semiconductor manufacturer Qualcomm. The reason was a possible violation of legislation due to the non-declaration of details of the acquisition of Israeli chip developer Autotalks.
The Trump administration has proposed banning Chinese airlines from flying over Russia on routes to and from the United States. The proposal is another act of escalation in the trade war between China and the United States.
A senior Hamas official announced the end of the war and the beginning of a permanent ceasefire, which includes the opening of the Rafah crossing. The agreement provides for the release of Palestinian women and children, as well as guarantees from mediators and the United States.
Turkish President Recep Tayyip Erdogan expressed satisfaction with the ceasefire agreement in Gaza between Hamas and Israel. Turkey, which participated in the negotiations, promises to monitor the implementation of the agreements and facilitate the process.
Porsche car sales in China fell by 26% and in North America by 5% in 2025. This is due to US tariffs and fierce competition in China.
