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Musk wants to merge SpaceX and Tesla: Here's what to know

Elon Musk said this week that SpaceX and Tesla have formed special committees to study a merger of his two biggest companies.

France reports first human Shamonda virus case, says no health risk

French health authorities said Thursday that the Shamonda virus, which usually affects livestock, had been detected in a human for the first time, in a severely immunocompromised patient who died earlier this month.

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Indian petrol and diesel prices remain unchanged on October 18

Petrol and diesel prices stayed unchanged across major Indian cities on October 18, with oil-marketing companies announcing no revisions.

Bandhan Financial weighs health-insurance entry after acquisitions settle

Bandhan Financial Services plans to consider entering health insurance after stabilising its recently acquired mutual-fund and life-insurance businesses.

PNB expects festive demand to add up to two points to quarterly credit growth

Punjab National Bank expects festive demand and growth in retail, agriculture and small-business lending to add as much as two percentage points to credit expansion in the current quarter.

Debt recovery lessons after derivatives losses and repeated borrowing

A personal account of losses in futures and options trading outlines how repeated borrowing deepened a debt crisis and why recovery required a structured repayment plan rather than further trades.

Premium products and financing drive Navratri appliance demand

Appliance makers and retailers reported strong Navratri demand, with premium products and instalment financing supporting sales despite inflationary pressure.

Diesel shortage raises petroleum share of India’s exports to three-year high

A global diesel shortage helped petroleum products reach their highest share of India’s gross exports in three years during the second quarter of the 2026-27 financial year.

India’s services surplus narrows as import growth overtakes exports

India’s services-trade surplus is coming under pressure because imports are rising faster than exports, according to an ICICI Bank analysis of provisional data.

Moody’s lifts OYO parent Prism outlook to positive before planned IPO

Moody’s Ratings changed the outlook on OYO parent Prism from stable to positive while retaining its B2 corporate family rating ahead of a proposed public offering.

Gold closes week near $4,165 as US inflation outlook pressures market

Gold ended the week near $4,165 an ounce after a modest rebound, while investors weighed US inflation data and the outlook for monetary policy.

Vietnam and EFTA states sign free-trade agreement in Hanoi

Vietnam and the four-member European Free Trade Association signed a free-trade agreement in Hanoi intended to diversify markets and deepen commercial ties.

Russia-US diesel deal delivery to take 15-20 days: Russia

Shipping Russian diesel to the US market will take 15 to 20 days once contracts are signed, a senior Russian official said in an interview broadcast Sunday, though a date for that signing has yet to be announced.

Vietnam signs free trade deal with four European nations

Vietnam and four European nations outside the EU signed a free trade agreement in Hanoi on Sunday, seeking to diversify their markets as US tariffs disrupt global commerce.

France rocked by nationwide clashes, blazes and looting

France woke up Sunday to devastated streets after clashes between police and protesters, mass looting and fires erupted nationwide as marches against rising costs of living degenerated into "extreme" violence.

Clashes, blazes and wide-scale looting mar French protests

Clashes between police and protesters, massive looting and multiple blazes gripped France on Saturday, as nationwide marches against soaring inflation degenerated into street violence of "extreme intensity".

Oregon families grapple with explaining school shooting to children

Liz's seven-year-old-nephew hasn't been able to sleep since a teenage shooter opened fire at his Oregon elementary school, killing three children and a teacher.

Tents spring up in Lisbon as Portugal housing protests spread

Protesters pitched dozens of tents in Lisbon on Saturday demanding action to stem housing and living costs in Portugal, mirroring demonstrations that have gripped neighbouring Spain for weeks.

Fire rages at town hall in France's Limoges after protests: authorities

The town hall in the French city of Limoges was on fire on Saturday, authorities said, after a group attacked the building during unrest that broke out after cost-of-living protests.

Brazil's right embraces election betting odds amid polls skepticism

Polymarket, the world's largest prediction market, may be banned in Brazil, but right-wing figures have embraced its election odds as an accurate litmus test of voter intent, amid distrust of opinion polls.

Leaders weigh 'huge benefit', risks of AI for global economy

The artificial intelligence boom has been a key driver of global growth, but also poses economic risks should investment in the technology falter, experts and policymakers said this week at the IMF-World Bank Annual Meetings in Bangkok.

France faces day of cost-of-living protests

French authorities detained dozens on Saturday at the start of nationwide protests against the cost of living, in what is likely to be a key indicator of the social climate heading toward elections to replace President Emmanuel Macron.

IMF chief says has 'optimism' and 'worry' after Bangkok annual meetings

International Monetary Fund chief Kristalina Georgieva said on Saturday this year's Annual Meetings with global policymakers were marked by "optimism and worry" as the event winds down in Bangkok.

Attacks on Gulf energy infrastructure 'worrying' for outlook: Pakistan finance minister

Pakistan's finance minister on Saturday told AFP the country had so far withstood the shock from skyrocketing energy prices due to the Iran war, but that attacks on infrastructure in Saudi Arabia and other Gulf countries were "worrying" for the country's longer-term economic outlook.

'Two bad options': Rights groups decry IMF austerity demand

Coconut farmer Sombat Chuekrod travelled more than 200 kilometres to join hundreds on the streets of Bangkok on Friday demanding that the International Monetary Fund and World Bank change how they deal with the developing world.

Macron calls for calm amid fears of violence at France protests

President Emmanuel Macron called for calm on the eve of nationwide cost-of-living protests Saturday that authorities fear could lead to a violent escalation of weeks of student demonstrations.

Stocks struggle to bounce back from AI angst-fueled rout

The Nasdaq tumbled more than two percent Friday as a rebound in tech shares sputtered amid angst over AI investments, while most European and Asian exchanges had solid trading sessions.

US budget deficit grows to nearly $2 trillion, highest since 2021

The US budget deficit grew to almost $2 trillion over the past year, government data showed Friday, reaching its highest level since 2021 despite President Donald Trump's promises to cut public spending.

US influence, AI and mistrust cloud Alberta independence vote

The run-up to a referendum in Canada's Alberta region on a future independence vote has been clouded by US political influence and AI-manipulated online content, leaving experts concerned that the results will be contested no matter the outcome.

Food crisis 'looming' after global energy shock, UN agriculture fund says

Rising energy and fertiliser costs are hitting smallholder farmers and driving up prices of agricultural commodities, fueling fears of a global food crisis, the head of the UN agriculture development fund told AFP.

Elon Musk unveils Tesla's 'flying' car

Tesla CEO Elon Musk unveiled what he described as a "flying" car, equipped with thrusters, during a livestreamed event at his SpaceX rocket company's facility on Thursday.

Stocks rise as tech bounces after rout over AI worries

Most stock markets bounced Friday after worries about the AI boom sparked heavy selling in recent sessions, with Federal Reserve chairman Kevin Warsh saying the technology offered huge benefits to the global economy.

Millions may be forced to move as climate change hits South Asia: UN

Climate change is threatening livelihoods and forcing people from their homes across South Asia, but technology and government action could help limit the damage, the UN migration chief told AFP on Friday.

Thai farmers, fishermen challenge IMF, World Bank at Bangkok rally

Thai farmers, fishermen and workers marched through Bangkok Friday as global finance and business leaders gathered for IMF and World Bank meetings, demanding a say in policies shaping their livelihoods.

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