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Cost-of-living crises have lasting impact on inflation expectations, poverty, IMF says

Cost-of-living crises have lasting impact on inflation expectations, poverty, IMF says

By Andrea Shalal WASHINGTON, Oct 6 (Reuters) - Sharp spikes in food and energy prices will likely become more common, the International Monetary Fund said, warning such crises drive inflation expectations higher for longer, worsen poverty and threaten economic stability.
ReutersReuters
Trump expands access to tax-exempt diesel fuel

Trump expands access to tax-exempt diesel fuel

By Jarrett Renshaw and Kanishka Singh GRAND ISLAND, Nebraska, Oct 5 (Reuters) - US President Donald Trump signed an executive order on Monday to expand access to tax-exempt diesel that he unveiled from a rally stage in Nebraska.
ReutersReuters
Oil falls as Middle East crude exports rise, G7 to release stocks

Oil falls as Middle East crude exports rise, G7 to release stocks

By Florence Tan NEW DELHI/SINGAPORE, Oct 5 (Reuters) - Oil prices fell on Monday as rising Middle East crude exports and a release of oil stocks by the Group of Seven nations boosted supplies, offsetting concerns about further damage to Gulf oil infrastructure as the US-Israeli war on Iran drags on.
USA TodayUSA Today
Trump expands tax-free diesel access. Experts say it may do little to cut costs

Trump expands tax-free diesel access. Experts say it may do little to cut costs

Trump ordered broader access to tax-free diesel to cut costs for truckers, but experts said the impact could be limited.
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Türkiye Launches Digital Nomad Visa Program for Remote Professionals

Türkiye Launches Digital Nomad Visa Program for Remote Professionals

Türkiye has officially introduced its Digital Nomad Visa program, enabling remote professionals to reside legally in the country while working for foreign companies. This initiative also provides a pathway to obtaining a residence permit without requiring employment with a Turkish company or the establishment of a local business. Key eligibility criteria for applicants include being between 21 and 55 years old, possessing an active contract with a company or clients outside Türkiye, and demonstrating a minimum income of $3,000 per month or $36,000 per year after taxes. A Bachelor's degree or higher from an accredited institution is also mandatory. The visa is initially valid for one year and is renewable, subject to continued eligibility. The application process varies depending on whether the applicant is currently outside or inside Türkiye, involving obtaining a Digital Nomad Certificate and subsequently applying for a visa or residence permit. Citizens from all European Union member states, the United S...
AP NewsAP News
Ukraine claims to have taken out more than half of Russia's oil refining capacity

Ukraine claims to have taken out more than half of Russia's oil refining capacity

Ukraine said long-range strikes have put more than half of Russia’s oil refining capacity out of action
ReutersReuters
Oil steadies on rise in Middle East crude exports and G7 stocks release

Oil steadies on rise in Middle East crude exports and G7 stocks release

By Seher Dareen LONDON, Oct 5 (Reuters) - Oil prices edged higher in volatile trade on Monday after crude exports from the Middle East increased and the Group of Seven nations pledged to boost supplies, though selling was limited by ongoing disruption fears linked to the US-Israeli war on Iran.
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South Korea Ships Fuel to Russia Amid Ukraine War, Raising Concerns Over Sanctions Efficacy

South Korea Ships Fuel to Russia Amid Ukraine War, Raising Concerns Over Sanctions Efficacy

South Korea has been shipping significant quantities of fuel, primarily diesel, to Russian ports, with over 176,000 tonnes loaded onto tankers in July and August. This trade includes vessels sanctioned by the UK and EU, and some shipments involved ship-to-ship transfers in South Korean waters, a method that can obscure the origin of cargo. While South Korea has publicly supported Ukraine with humanitarian aid and non-lethal military supplies, and pledged $2.3 billion in support, these fuel shipments do not appear to violate South Korean law, which focuses on export controls for industrial machinery, electronics, and vehicles. The largest carrier, the sanctioned Layla, made two voyages from Ulsan to Vladivostok, carrying 57,000 tonnes of diesel. Another sanctioned tanker, the Russian-flagged Astoria, loaded nearly 11,000 tonnes of fuel at Ulsan before sailing to Vladivostok. A third sanctioned tanker, the Chongchon, took on approximately 26,000 tonnes of fuel via ship-to-ship transfer off Yeosu and then hea...
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What will the next leader of the UN need to get the job done in an increasingly complex world?

What will the next leader of the UN need to get the job done in an increasingly complex world?

On Jan. 1, the next United Nations secretary-general will take over an aging global organization controlled by World War II powers
ReutersReuters
South Asia growth holds firm, but energy shock, weather pose risks, says World Bank economist

South Asia growth holds firm, but energy shock, weather pose risks, says World Bank economist

By Shubham Batra NEW DELHI, Oct 6 (Reuters) - The World Bank raised its growth forecast for South Asia, citing resilient consumer demand despite an energy shock, but warned that persistently high oil prices, a severe weather shock and a global market correction could threaten the region's outlook.
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Ukraine's Military Intelligence Reveals New Russian 'Geran-4' Drone Modification Featuring U.S. Sensor

Ukraine's Military Intelligence Reveals New Russian 'Geran-4' Drone Modification Featuring U.S. Sensor

Ukraine's Main Intelligence Directorate (GUR) of the Ministry of Defense has disclosed details about a new modification of Russia's 'Geran-4' reactive drones, which Russia began deploying in the autumn. The updated 'Geran-4' incorporates a new 'MOX' block, centered around a high-precision magneto-inductive sensor (magnetometer) PNI5GA, manufactured by the American company PNI Sensor. This new block works in conjunction with the SADRA inertial navigation module, enhancing the drone's autonomous navigation accuracy by reducing gyroscope drift. Other electronic components and blocks remain consistent with previous 'Geran' models. Russia has also introduced an optical-electronic correlation system called 'Susanin' for autonomous navigation, which compares images from an optical sensor with a reference image stored in its memory to ensure route adherence. This system is also utilized in the new 'Geran-5' K5 version. Furthermore, Russian forces are now employing a new cumulative-cutting special charge (KRSN) war...
ReutersReuters
India-US trade talks hit 'plateau', finance minister says, as tariffs narrow room for deal

India-US trade talks hit 'plateau', finance minister says, as tariffs narrow room for deal

By Shivangi Acharya NEW DELHI, Oct 5 (Reuters) - Trade deal talks between India and the United States have reached a plateau and further concessions might be difficult, Finance Minister Nirmala Sitharaman said on Monday, in the latest sign of difficulties in long-running efforts to finalise a