CROSS BORDER FIGHTING
The day the fault lines cracked: October 7’s aftershocks travelled from Israel and Gaza to Iran, Red Sea and $100 oil
It started at the Gaza border. Then came Hezbollah, Houthi attacks, rerouted ships, an Israel-Iran war, American strikes and an oil shock. Three years after October 7, the Middle East’s fault lines have cracked open far beyond where the first shots were fired.
Russian attacks kill 6 in Ukraine and damage Kyiv's Northern Bridge
Russian attacks killed at least six people in Ukraine and damaged Kyiv's Northern Bridge, disrupting traffic for a third day, while Moscow confirmed it targeted the structure. Ukrainian strikes also caused casualties in Russia. Moldova's president warned that the war was increasingly spilling into her country after reported Russian airspace violations.
HSBC makes big push for affluent clients in India to fuel growth
HSBC Holdings Plc plans to expand its operations in India by increasing its branch network by 35% over the next two years. The bank aims to become one of the top private banks in India by 2030, focusing on wealth management and transaction banking. HSBC is also targeting affluent customers whose interests span globally to strengthen its international network.
Afghanistan says 28 fighters killed, 32 captured after crossing from Pakistan
Afghanistan stated that it has killed 28 fighters and apprehended 32 suspected Islamic State insurgents, claiming they crossed over from Pakistan to launch attacks in Nuristan province. Pakistan refuted these claims, calling them baseless and lacking proof. Rising tensions between the two nations have been fueled by ongoing cross-border conflict and airstrikes, with both sides alleging support for militant factions that jeopardize regional stability.
'Worry and sorrow': Middle East war opens old wounds in Kurdistan
Residents of Penjwen express deep concern over the ongoing Middle East conflict and its impact. They recall traumatic memories from the Iran-Iraq war and fear renewed violence might affect their lives. Many residents reflect on past destruction and emphasize the long-term impact on their hometown's infrastructure.
Trump administration uses rare authority to claw back nearly $1B in spending approved by Congress
President Donald Trump is canceling nearly $1 billion in spending approved by Congress, targeting programs for immigrants, migrant students, minority businesses and other initiatives. The White House invoked a rarely used “pocket rescission” process, while congressional critics including Republican Sen. Susan Collins questioned its legality and the administration’s authority over appropriated funds.
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Trump said he would campaign in midterm battlegrounds. He's starting in deep red states instead
President Donald Trump, who pledged to campaign in 35 competitive battleground races ahead of the November midterms, will instead open October with rallies in Alabama and Oklahoma. The Republican National Committee says the events can reach voters across state lines and media markets, while Republicans seek to mobilise turnout.
Pakistan thwarts border attack, several Taliban dead, security sources say
Pakistan has reported thwarting an attempted attack by Afghan Taliban in Gulistan, with security forces remaining alert. Intermittent firing continued between Afghan forces and the Taliban, indicating rising tensions in the region. Recent airstrikes by Pakistan targeted Taliban positions in Afghanistan, leading to casualties on both sides. Islamabad accuses Kabul of harboring militants responsible for cross-border attacks, which are denied by the Afghan government.
MHA writes to states, UTs to focus on 'counter trafficking in person' enforcing 'Naveen Nayay Sanhita'
The Ministry of Home Affairs (MHA) has written to all the states and the Union Territories (UTs) to focus on "counter trafficking in persons" by integrating the Naveen Nyaya Sanhita (three new criminal laws) and using technology, as well as the essential role of state leadership and ownership to curb the menace, which it stressed as an "important priority" of the Central government to prevent and combat the crime of human trafficking.
Mecca Pact may meet same fate as Board of Peace, Abraham Accords
Khyber Pakhtunkhwa has witnessed alarming fidayeen attacks, underscoring the dire internal security landscape of Pakistan. The government grapples with the dual challenge of safeguarding its own troops and depending on militias for security. Diplomatic initiatives aimed at reducing friction with Afghanistan have fallen flat. Meanwhile, a new defense alliance invites doubt amid an unpredictable US-Iran relationship that threatens to entangle Pakistan in its own security issues.
Pakistan says airstrikes in Afghanistan kill 28 militants; Kabul reports 3 civilians killed
Pakistani fighter jets struck suspected militant hideouts in eastern Afghanistan on Monday. These strikes killed twenty-eight militants and at least three civilians, according to reports. Afghanistan condemned the aggression and vowed a fitting response to the airstrikes. The Pakistani government blamed militants based in Afghanistan for recent attacks. This escalation threatens regional mediation efforts and complicates bilateral relations.
These large-cap stocks have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 29%, according to analysts
After crude oil prices, the one thing that provides a boost to the bears is the tariffs that US President Trump keeps announcing. Now, there is no way of knowing what will happen in terms of the latest 100% tariff announced around Russian oil imports. Even the person who has signed off on the tariff perhaps does not quite know what he did and why he did it. The market can only hope that nothing truly disruptive to the global economy is actually implemented.
What spooked Europe last week? The rumbles of Russia war grow louder
European nations now discuss potential Russian conflict in new terms. Intelligence suggests hybrid drone and missile strikes could target Ukraine supporters. Leaders are planning for sabotage and cyberattacks below traditional war thresholds. This shift reflects a fear of Russia exploiting grey areas between peace and war. European governments are building resilience and defence capabilities to deter Moscow.
Trump's favorite 2026 campaign target is Biden: nearly 900 mentions and counting
Donald Trump has invoked Joe Biden nearly 900 times this year as Republicans head into the November midterms, repeatedly blaming his predecessor for problems ranging from inflation and immigration to foreign policy, according to a Reuters review. The strategy comes as Trump faces voter concerns over the cost of living, the Iran war and his own economic record.
At least three killed in Pakistani airstrike on Afghanistan
Pakistani airstrikes in Afghanistan killed three people on Monday. These strikes threaten to reignite tensions between the two neighboring countries. The dispute centers on Pakistan's accusations of Afghanistan harboring militants. Afghanistan denies these charges, calling militancy Pakistan's internal problem. The airstrikes followed a recent attack on a police facility in Pakistan.
In 2013, a Danish man set out to visit every country without flying; nearly 10 years later, the Maldives was his final stop
Torbjorn Pedersen journeyed to 203 countries over nine years without flying. He faced malaria, gunmen, and a pandemic, which tested his resolve. Pedersen traveled by train, bus, boat, and on foot, crossing vast oceans. Kindness from strangers sustained him throughout his extraordinary and unprecedented global adventure. His experience highlights the challenges of modern travel and the value of slow journeys.
Trump administration begins building border wall in Texas' Big Bend region
Border wall construction has commenced in Texas's Big Bend region. This marks a significant step in the administration's extensive border security plans. Activists and landowners are continuing their strong opposition to these infrastructure projects. Customs and Border Protection reports an accelerated pace of barrier construction nationwide. The agency faces challenges from various groups regarding environmental and land concerns.
In 1851, Brooklyn released 100 house sparrows from England; 175 years later, the birds are found across nearly all of North America
House Sparrows, introduced to North America during the mid-1800s, have rapidly become a prevalent part of the continent's avian scene. Their adaptability allows them to thrive in various environments, often settling in structures created by humans. While their populations have flourished, their competitive nature poses a challenge to native species for nesting access, making their presence a regular sight in both urban and rural settings.
Pakistan acknowledges India's participation in anti-terrorism meeting, calls terrorism a common challenge
Pakistan acknowledged India's participation in a recent regional anti-terrorism meeting. Terrorism was described as a common challenge for both nations during the event. Pakistani officials denied reports of Sikh pilgrims being stopped from traveling to India. They stated the visas were not covered under the existing bilateral protocol. The pilgrims may be allowed to travel via the Wagah Border crossing.
Trump’s Canada trade war puts Republican Senate candidates in Michigan, Maine in a bind
Republican candidates face challenges balancing President Trump's trade policies and voter concerns. Michigan and Maine economies are closely tied to Canadian trade, raising stakes for Senate races. Senator Susan Collins criticizes tariffs, while candidate Mike Rogers supports the president's approach. Canada's retaliatory tariffs aim to exert political pressure on the United States. Voters largely blame Washington for the ongoing trade dispute and higher costs.
A shrinking lifeline: US and Mexico strike new Colorado River deal, cutting Mexico's share by 17% for two years
Mexico will accept reduced Colorado River water allocations under a new binational agreement. This accord, known as Minute 334, aims to manage dwindling water resources effectively. The agreement allows Mexico to store some water in Lake Mead for future use. Environmental restoration efforts in the Colorado River Delta will also continue with joint funding. This deal offers stability for water users while US states still negotiate their own cuts.
BRICS leaders adopt New Delhi declaration, voice concerns over 'unilateral' tariffs and non-tariff trade barriers
BRICS adopted the New Delhi Declaration, expressing serious concern over rising unilateral tariffs. The bloc also condemned coercive measures contrary to international law. Discussions continue for practical cross-border payment solutions among member nations. Prime Minister Modi called for greater Global South representation in global decision-making. Leaders attended the summit, navigating geopolitical interests and economic cooperation.
BRICS Declaration condemns Pahalgam terror attack, backs India's UNSC aspirations
BRICS countries condemned the 2025 Jammu and Kashmir terrorist attack in Pahalgam. The New Delhi Declaration called for zero tolerance towards terrorism and rejected double standards. Acts of terrorism were deemed criminal and unjustifiable regardless of motivation or perpetrator. BRICS reiterated commitment to combating terrorism in all its forms and manifestations. Accountability for those involved in and supporting terrorist activities was stressed.
BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitions
BRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more representative global order. The document outlines India's 2026 chairship priorities, recognises partner countries' contributions and calls for greater participation of Emerging Markets, Developing Countries and Least Developed Countries in global governance.
Oman postpones regional talks on Strait of Hormuz
Oman postponed a meeting on the Strait of Hormuz amid regional tensions. An Iranian ship was struck near the waterway, killing one person. Houthi rebels launched drones and missiles toward southern Saudi Arabia. An Israeli strike in Gaza killed two individuals, according to reports. Protests erupted in Syria over increased fuel prices.
New attacks in Hormuz and Saudi test nerves as war's spread worsens oil disruption
US Iran war news: Maritime trackers reported an attack on a ship in the Strait of Hormuz. Saudi Arabia shut down its vital East-West oil pipeline after a drone strike. Ongoing attacks in the region could send energy prices even higher. Crown Prince Mohammed bin Salman asked for U.S. military help fighting the Houthis. Iran will attend a meeting in Oman to discuss the Strait of Hormuz.
BRICS 2026: India cracks the code in a divided room with 4 AM talks & diplomatic heavy lifting
Prime Minister Narendra Modi helped broker a unanimous BRICS statement on the Middle East conflict despite sharp differences among members including Iran, Saudi Arabia and the UAE. After negotiations lasting into the early morning, the bloc called for maximum restraint and expressed concern over attacks on civilian and nuclear infrastructure.
5 world market themes for the week ahead
With the Federal Reserve and the Bank of Japan set to make pivotal interest rate decisions against a backdrop of escalating energy prices, global financial markets brace for change. Meanwhile, BRICS leaders convene in India to explore the integration of central bank digital currencies for seamless payments. In Sweden, the election landscape intensifies, hinting at a surge in far-right political influence.
Crypto's shopping hack; Centre eyes Meta child safeguards
Indians are buying groceries, fuel, food and gold via gift cards on overseas crypto platforms. This and more in today's ETtech Top 5.
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