ARGENTINA PRESIDENT
Lula vs Bolsonaro: As Brazil lies on the brink of tilting right, India watches its major BRICS partner
Flávio Bolsonaro secured leading votes against incumbent Luiz Inácio Lula da Silva in Brazil's elections on October 4. The runoff on October 25 could solidify right-wing power across South America, following a regional trend. Lula aims to reduce economic inequality while Bolsonaro focuses on crime and spending cuts. India is observing the elections closely due to its strategic partnership with Brazil in various sectors.
Pope Leo health update: Pope Leo XIV returns to Vatican, doctor shares major verdict on trip to Uruguay, Peru, Argentina
Pope Leo will take on his first official duty on Sunday, delivering the traditional Angelus blessing to the faithful in St. Peter's Square.
Import of GM soybeans into India should not be allowed at all, say processors
Processors across India are urging the government to impose a ban on the import of genetically modified soybeans from abroad. They argue that such imports could harm local farmers and make the economy overly dependent on foreign sources.
Pope Leo health: Pope Leo XIV resumes regular diet, celebrates Mass in hospital as doctor shares latest update on lung cancer recovery
Pope Leo health: The Vatican said that the pope had celebrated Mass with his secretaries in the afternoon in a special chapel set up for him on the 10th floor of the hospital.
World Bank in talks with 30-40 countries over aid to tackle Middle East energy shock
The World Bank is in talks with numerous countries to address energy price increases stemming from the Middle East crisis. While the global economy remains resilient, developing nations face growing challenges from rising diesel and fertilizer prices. The Bank anticipates more countries may access crisis funds as conditions worsen in the coming months. Recent private capital investments have surged considerably, especially in upper-middle-income and lower-middle-income countries.
Fuel, fertiliser costs strain American farmers' support for Republicans in midterms
Farmers in the Midwest United States face surging diesel and fertiliser costs which are outpacing their incomes. The sector has seen diesel prices climb by 67 percent while fertiliser prices, at times, have seen steep price jumps. This comes amid trade along the Strait of Hormuz being disrupted by the US' conflict with Iran. Trade wars with China and Canada has also worsened the US agricultural market, raising doubts over their continued support for the Republican Party.
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India joins US, 13 economies in joint statement to address global excess capacity after G20 meeting
India, along with the United States and 13 other economies, has signed a joint statement aiming to address structural excess capacity. The participating economies emphasized the importance of eliminating non-market policies that distort economic conditions. They acknowledged the growing challenges posed by excess capacity in manufacturing sectors, which hinders market-based investments. The countries committed to cooperating and sharing information to mitigate the negative impacts on trade and jobs.
Brazil Election 2026 results: Flavio Bolsonaro, Luiz Inacio Lula da Silva fail to win Presidential polls, Brazil heads for runoff. Check date, procedure, what will happen now
Brazil Election results: Both Luiz Inacio Lula da Silva and Flavio Bolsonaro will have three weeks to reach moderate voters who did not support them in the first round. Ronaldo Caiado and Renan Santos, two candidates who found moderate support in Sunday’s election, have previously said they will not endorse either bidder in the runoff.
Brazil presidential vote pits Trump ally against Lula, who is seeking 4th nonconsecutive term
Brazilians are casting their votes in a crucial presidential election featuring candidates Luiz Inacio Lula da Silva and Flavio Bolsonaro. If no candidate receives over 50% of the votes, a runoff will occur on October 25. The election has significant implications following past allegations against both candidates regarding corruption and governance.
India go down 4-0 to Brazil, but Gurpreet hails ‘great experience’ for Blue Tigers
India football captain Gurpreet Singh Sandhu praised his teammates for their efforts during the friendly match against Brazil. The match took place at the Salt Lake Stadium, where Brazil secured a 4-0 victory. All India Football Federation president Kalyan Chaubey described this fixture as a significant step for Indian football's development. West Bengal Minister Indranil Khan highlighted the successful organization of the match in Kolkata.
IDEA flags decline in judicial independence, free parties in India
India is currently chairing the International Institute for Democracy and Electoral Assistance, which highlights concerns about its democratic integrity. Recent reports indicate declines in judicial independence and the freedom of political parties in India. Investigations into opposition leaders ahead of the 2024 elections are raising significant concerns about political freedoms.
US 'severely disappointed' in lack of G20 consensus on overproduction
The US G20 presidency expressed disappointment after trade ministers failed to reach agreements on excess capacity. A draft statement aimed at addressing this issue saw support from most members but was rejected by a few. China previously objected to calls for eliminating non-market policies and only a few countries took a stand against forced labor. Mexico and Argentina joined the US in issuing a statement regarding forced labor concerns.
Mexico to propose bill to curb violent social media content after school attack
The announcement comes after Thursday's deadly attack at a school in Mexico's northern Coahuila state, which left a vice principal dead and four people injured. Two 18-year-olds believed to be the attackers have been arrested.
Argentina to launch citizenship-by-investment programme soon
Argentina will introduce its first citizenship-by-investment programme, targeting foreign investors in late 2026. Investors can gain citizenship through a $350,000 contribution or by purchasing $800,000 in government bonds. Family members can also apply under specific contribution thresholds. This initiative aims to attract foreign capital and improve the country’s investment climate. The government’s strategy reflects a commitment to international integration and economic stabilization efforts.
India's sunflower oil imports seen up 30% on duty cut, industry official says
India’s sunflower oil imports are expected to jump 30% to 3.5 million tonnes in 2026-27 after the government cut the basic import duty on crude sunflower oil to zero, making it more competitive. The shift could reduce soyoil imports by about 11%, while overall vegetable oil imports are expected to remain broadly steady at 16.5-17 million tonnes.
Sun Pharma, Aurobindo Pharma, other stocks in focus as Trump exempts India from 100% tariffs on some speciality drugs
Indian pharma stocks, including Sun Pharma and Aurobindo Pharma, are in focus after the US exempted India and 19 other countries from 100% tariffs on certain patented specialty pharmaceuticals and ingredients. Eligible products include rare-disease drugs, gene and cell therapies, and infertility treatments. Generic medicines remain outside the Section 232 tariffs.
US exempts India and 19 nations from 100% tariff on certain speciality drugs: Report
The United States has announced it will exempt certain speciality drugs and ingredients imported from India and 19 other countries from tariffs. This decision follows US President Donald Trump's proclamation imposing a 100% tariff on specified patented pharmaceuticals. Drugs intended for rare diseases and infertility, along with their components, will qualify for the zero-tariff treatment. The exemption applies to 20 other jurisdictions that have trade agreements with the US.
‘Reverse engineered from UFOs’: Does US military have a triangular aircraft with anti-gravity technology called ‘TR-3B Black Manta’? Here’s the truth
Recently, numerous reports emerged from Tehran and Zahedan about sightings of a mysterious triangular object illuminated by bright lights. This has sparked online chatter about a potential clandestine craft known as the TR-3B Black Manta. Given former President Donald Trump's past remarks on advanced weaponry, public interest in secret military technologies has surged.
"It's less and less family time...": Melania Trump hints at changing relationship with her 20-year-old son Barron
Melania Trump addressed the difficulty of family time with her son Barron, citing their busy lives. During a recent appearance, she emphasized the importance of scheduling family time in advance. Barron, studying at New York University, has reportedly become more private and withdrawn lately. It’s less and less family time, [and there's] suffering because of it, Melania Trump said in an interview.
Douglas Tompkins backed giant anteater rewilding in Argentina's Iberá wetlands in 2007. 17 years later, more than 100 rescued anteaters had been returned to the wild
Giant anteaters were reintroduced to Argentina's Iberá wetlands in 2007 after suffering population declines. Over 100 giant anteaters have since been released into the wild, successfully rebuilding the population. Recently, a giant anteater was spotted in Brazil, marking its return to Rio Grande do Sul after 130 years. Researchers attribute this observation to successful conservation efforts in Argentina's Iberá wetlands.
An isolated Netanyahu was defiant at UN as he seeks reelection at home
Israeli Prime Minister Benjamin Netanyahu faced criticism during his brief visit to New York for the U.N. General Assembly. His strained relationship with U.S. President Donald Trump was evident as they did not meet. Netanyahu's security failures were a central theme ahead of upcoming elections in Israel next month.
Netanyahu expected to berate New York's Mamdani in 'campaign speech' of UN address
Benjamin Netanyahu is set to deliver a speech at the UN where he plans to address Mayor Zohran Mamdani's accusations. As Israeli elections approach, Netanyahu's campaign is perceived as increasingly desperate amidst mounting criticism of the Gaza war. He is making a brief visit to the US and is not expected to meet the US President.
Retail prices of cooking oils may fall after duty cut: Industry body IVPA
Cooking oil prices could ease after the government cut import duties on crude and refined sunflower, soybean and palm oils, industry body IVPA said. The cuts come ahead of the festive season, when demand typically rises. However, the impact on retail prices will also depend on global prices, freight, currency and domestic inventories.
US to fund $7 billion of Argentina mineral, energy projects, document shows
The US Export-Import Bank plans to provide up to $7 billion in financing for critical minerals and energy projects in Argentina, as Washington seeks greater access to the region’s resources.
Trump praises new British PM Andy Burnham but slams UK deal on Indian Ocean islands
Prime Minister Andy Burnham's first meeting with Trump focused on several critical global issues. They discussed the U.K. and U.S. differences regarding trade, the Chagos Islands, and support for Ukraine. Burnham emphasized the need for regulations on artificial intelligence amidst concerns over misinformation. He also announced military support for Saudi Arabia against Iranian threats.
India’s 30-year wait for a seat has a new twist and an old problem
European nations now support India's bid for a permanent UN Security Council seat. Prime Minister Modi stresses the urgent need for Security Council reform. Key questions involve seat allocation and regional claim resolution. The UN reform process has stalled without a negotiating text. India continues its campaign for elected terms while pursuing permanent membership.
‘I would never want to lose him’: Jamie Dimon backs Chandra, flags India tax hurdles and sees AI paying off
Jamie Dimon sees India as a fast-growing economy with bright future prospects. He believes consistent regulations and taxing policies will strengthen foreign investment. The RBI's plan to raise dollars is viewed as appropriate for supporting the rupee. AI is a real investment, though its long-term revenue generation remains uncertain. Dimon supports transparency and good governance, especially concerning Tata Group's leadership.
India soyoil imports to rise to record high on price competitiveness
India's soyoil imports are projected to reach a record high in the upcoming marketing year. Higher soyoil purchases will offset declining sunflower oil shipments due to ongoing global conflicts. Palm oil imports are expected to increase, though its share will fall below fifty percent. Rising incomes are driving overall edible oil demand, which domestic production cannot meet.
The Other Hormuz: Black Sea blockade threatens a food supply shock
Combined Russian and Ukrainian wheat exports are estimated to end up at roughly half what they were last year for the July to September harvesting period
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