Key developments – CMA CGM and DSV have locked in a partnership to cut DSV’s shipping‑related CO₂ emissions by 12,000 tonnes using second‑generation UCOME biofuel, expanding low‑carbon fuel options across aviation, sea and road logistics. The deal mirrors a…
Atlantic Canadian trailer maker pivots to domestic market as U.S. tariffs bite
Trout River Industries, a Prince Edward Island‑based trailer manufacturer, has felt the impact of the U.S. trade war, absorbing close to $1 million in tariff costs and seeing sales dip on both sides of the border. Every trailer sold…
India and China Signal Trade Dialogue Amid Rising Barriers; India Sets $100bn Goal with Russia
Key developments: – India’s trade minister Nirmala Sitharaman highlighted existing trade barriers, prompting a diplomatic response from Beijing that it is “ready to address each other’s concerns”. – The discussion comes as India pushes for broader use of…
US Recession Odds Slip to 24% as September Job Gains Stall
Key developments: A recent Wall Street Journal poll shows economists now see only a 24% chance of a recession in the next year, down from higher levels earlier in the year. At the same time, the labor market…
Global Growth Slows to 2.5% in 2026 as U.S. Deficit Nears $2 Trillion
Key developments: – The World Bank’s Global Economic Prospects report warns that worldwide GDP growth will decelerate to just 2.5 % this year, a slowdown driven by higher energy prices from Middle‑East conflict and tighter monetary policy. Emerging markets…
World Economy Stumbles as Iran Conflict Fuels Oil Surge and Slows Growth
Key developments: The International Monetary Fund warns that global growth will decelerate to just 2.5 % in 2026, a slowdown that reflects lingering fallout from the Iran‑Hormuz confrontation and tighter commodity markets. At the same time, the G20 finance…
Fed officials see likely further hikes but rule out October move amid 3.7% CPI surge
Key developments: San Francisco Fed President Mary Daly said the committee will probably need more tightening, but she does not see a pressing reason to raise rates at the Oct 27‑28 meeting. New CPI data showed inflation at a 3.7% year‑over‑year…
IRS Begins Automatic Refunds for Adoption Tax Credit Carryforwards
The IRS announced that it has started issuing refunds to over 50,000 individuals who claimed an adoption tax credit carryforward from prior years. This marks a shift from the previous manual, claim‑by‑claim process to an automatic system that…
Congress Faces Urgent Push on Social Security Funding as India Tightens Pension Audits
Key developments: A senior Senate leader has warned that Congress must act quickly to shore up Social Security, which is under increasing strain from rising costs and a projected funding shortfall for retirees. At the same time, India’s…
LIC rolls out three new insurance plans as mutual fund houses pause fresh gold FoF subscriptions
The Insurance Regulatory and Development Authority (IRDAI)-backed Life Insurance Corporation (LIC) unveiled three new products—an annuity, a health insurance scheme and a cancer cover—scheduled for launch on October 19, 2026. The move aims to broaden coverage options for…