GLOBAL DISRUPTION
Microsoft outage disrupts Teams, Outlook and Copilot as recovery efforts falter globally
Microsoft is facing a major global outage that impacts multiple services, including Teams and Outlook. This disruption has resulted in increased connectivity issues for users relying on Microsoft 365 applications. The company is taking steps to enhance infrastructure capacity while assessing the overall situation. Reports indicate that the peak of Outlook issues reached nearly 140,000 reports globally. Microsoft has yet to provide a timeline for restoring full service operations.
India seeks private investors to build its largest strategic petroleum reserve in Odisha at ₹8,571 crore cost
India is seeking private investors to build a 4-million-tonne strategic petroleum reserve at Chandikhol in Odisha at an estimated cost of ₹8,571 crore. The facility will increase the country’s existing strategic crude storage capacity by 80%.
ET Exclusive | Sunil Mittal says Bharti Group open to raising OneWeb stake to 30%, rules out majority control
In a bold move, Bharti Group plans to elevate its position in Eutelsat OneWeb to roughly 30%. The organization seeks to uphold its European identity in the satellite industry. Sunil Bharti Mittal shared ambitious plans, such as entering financial services and establishing AI data centers. He also highlights the crucial task of developing a leadership transition plan, stressing the importance of prioritizing the enterprise over family dynamics in strategic decisions.
Oil Price Today (November 13): Brent crude climbs above $95 after fresh Middle East attacks; Trump says no need for deal
While oil prices have dropped from their multi decade highs which they hit earlier this year, analysts remain cautious amid the seesaw political game in the Middle East. Goldman Sachs recently raised its oil price forecasts, citing increasing risks to global supplies. The investment bank warned that Brent crude could climb to $140 per barrel in 2027 if oil production across the Gulf region remains significantly below its 2025 average.
Microsoft Outlook down? Downdetector shows over 129,000 error reports as Outlook, Teams and Copilot services face disruptions. Here's how to fix issues
Is Microsoft Outlook down today? Microsoft Outlook users are reporting issues as they are unable to access their email accounts. Over 129,000 users have reported issues with the service. Microsoft have confirmed they are looking into issues with Exchange Online mailboxes in the Americas. They have also warned that Microsoft 365 may be impacted globally. Their status checker is also having issues.
Kattappa stabbed Baahubali, but India won't: Piyush Goyal's message to a world full of betrayals
Piyush Goyal Katappa video: Piyush Goyal has invoked the famous Kattappa-Baahubali question from SS Rajamouli's blockbuster to highlight India's position as a reliable global trade partner. He says countries seeking trustworthy business partners can count on India, which stands by its commitments and never betrays its partners.
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Oil Price Today (November 12): Brent crude falls below $92 amid hopes for US-Iran, Russia-Ukraine peace talks
Crude oil price: Brent crude futures fell more than $1 to trade below $92 per barrel, while US West Texas Intermediate (WTI) crude futures also lost over $1 to trade below $86 per barrel on Thursday morning. This comes after Brent crude rose over 1% on Wednesday after hitting two-month lows in the previous day.
Global credit conditions to weaken next year: Moody's
Moody’s Ratings expects global credit conditions to weaken in 2027 as higher financing costs and elevated energy prices create pressure across sectors, even as major economies continue to grow. The agency said tariffs, regulation, export controls and strategic government investment will increasingly shape credit risks, trade and capital allocation. Higher refinancing costs are likely to weigh on highly leveraged borrowers and those facing near-term maturities, while banks and life insurers could benefit from higher rates.
Microsoft presses Trump to scuttle expected ban on Chinese data center technology: Report
Microsoft is lobbying against a proposed ban on Chinese optical transceivers essential for artificial intelligence data centers. The Trump administration's decision could significantly impact the speed of data center development in the US. Industry groups have expressed concerns about potential supply chain disruptions and competitive disadvantages. The Federal Communications Commission is currently deliberating on the implications of this ban.
Microsoft presses President Trump to scuttle expected ban on Chinese data centre technology
Reuters reported in August that the Trump administration wants to ban US imports of new models of Chinese optical transceivers, which allow data to travel over fiber-optic cables at the speed of light within data centers. The concern is that they could be used by Beijing to steal data, install malware or disrupt service at US data centers.
Eurozone bond yields fall as lower energy prices ease inflation concerns
On Tuesday, government bond yields in the Eurozone experienced a notable drop, particularly for French and Italian bonds. The easing of inflation worries, attributed to falling oil and natural gas prices, enhanced demand for bonds. Germany's 10-year bond yield fell to 3.25%, while France's decreased to 4.69%. Boosted by the US President's calming remarks, market sentiment improved, especially for nations that had faced challenges in their bond markets.
Hormuz LNG traffic hits highest in October since Iran war began
October exports were the highest since February when the war started and were up from September's corresponding tally of 23 vessels exiting the strait, the data showed.
India’s LNG buyers eye flexi deals to cut risks after Iran war hit Qatar supply
Indian LNG buyers are seeking more flexible long-term supply contracts after the Iran war disrupted shipments through the Strait of Hormuz and almost halted imports from Qatar. Gujarat Energy has signed a 10-year deal with ADNOC for 4 million tonnes of LNG from 2028, while Petronet LNG is negotiating to include US-sourced gas in its renewed 20-year contract with QatarEnergy.
India’s emissions to rise 4.4% despite global dip: Study
Renewable energy capacity growth and electric vehicle adoption are projected to reduce fossil fuel emissions by 0.4%. Major economies like China, the US, and the EU are expected to decrease emissions this year. However, India's emissions are predicted to increase at a higher rate than previous years. The ongoing energy crisis due to geopolitical events is influencing these changes in emissions.
When wars and AI cast a shadow, India has pressed a power reset
India’s renewable energy expansion is reshaping its energy security, cutting dependence on imported coal and natural gas as wars, oil supply disruptions and AI-driven electricity demand put pressure on power markets. An International Energy Agency report says clean energy saved India over $100 billion in fuel imports between 2011 and 2025, with cumulative savings potentially reaching $240 billion by 2030.
India’s oilmeal exports fall 28.5% as cheaper Brazilian, Argentine soymeal squeezes shipments
India's oilmeal exports fell 28.51% year-on-year to 12.82 lakh tonnes in April-August FY27, dragged by a 73% plunge in soybean meal shipments. Higher domestic demand, Red Sea shipping disruptions and elevated freight costs added pressure, while cheaper supplies from Brazil and Argentina eroded India's competitiveness in global markets.
Explained: Why copper prices could fall further after four-month low amid US election outcome
Copper prices fell to a four-month low following the US midterm election outcome, which raised doubts over AI data centre demand and import tariffs. Despite a minor Monday bounce and tight supply constraints, analysts at TD Securities warn of potential further downside in the near term.
IOC to buy crude, LPG ships as West Asia crisis exposes shipping risks
The move marks a potential shift in the company's shipping strategy, which has traditionally relied on a mix of time-charter and voyage-chartered vessels.
56% of global business leaders expect disruptions to severely hit operations: KPMG
A recent KPMG International report indicates that 56 percent of global business leaders anticipate severe disruptions affecting operations. The report highlights increasing risk exposure, with 70 percent of leaders noting escalated risks in recent years.
South Korean shares rebound as chipmakers recover from AI-driven selloff
South Korean shares rebounded on Monday as benchmark index KOSPI rose over 1.5%. Chip giants Samsung Electronics and SK Hynix led the recovery following Wall Street gains and government assurances over Nvidia GPU supply continuity, despite remaining net selling pressure from foreign investors.
56% of global business leaders expect disruptions to severely hit operations: KPMG
A recent KPMG International report indicates that 56 percent of global business leaders anticipate severe disruptions affecting operations. The report highlights increasing risk exposure, with 70 percent of leaders noting escalated risks in recent years. Technology disruption and geopolitical tensions are identified as primary concerns for the near future. Companies are prioritizing AI and predictive analytics to enhance supply chain resilience and managing risks.
Asia Rice: Vietnam, Thai rice prices hit near two-year highs as India slips
Vietnam and Thailand are experiencing a dramatic rise in rice export prices, reaching their highest levels in almost two years. This surge is predominantly fueled by supply uncertainties and increasing demand, notably from the Philippines.
Global gas supplies could tighten in winter amid unprecedented Strait of Hormuz supply shock: IEA
Global natural gas supplies could tighten further during the 2026-27 winter heating season, as disruptions to trade flows through the Strait of Hormuz pose an unprecedented supply shock to the global liquefied natural gas (LNG) market, according to a report by the International Energy Agency (IEA).
British Airways parent profit drops on higher fuel costs
IAG, the owner of British Airways and Iberia, said Friday that its net profit dropped more than 12 percent in the third quarter on soaring fuel costs and flight disruptions caused by the Middle East conflict. The group said its overall flight capacity had been hit "by cancellations due to the conflict in the Middle East, together with aircraft availability linked to engine issues and disruption related to air traffic control disruption".
India's natural gas demand to decline 2% in 2026 despite 10% rise in LNG imports: IEA
The trend highlights the challenges facing India's gas market as disruptions to global LNG supplies through the Strait of Hormuz and elevated international prices reshape supply and consumption patterns. The IEA said the outlook would remain influenced by global supply availability and domestic production trends.
70% of global business leaders report rising risk exposure amid AI, geopolitical disruptions: KPMG
According to the report, 56% of respondents said external disruptions involving geopolitical, energy, cyber, trade or climate-related factors would cause severe operational disruptions or significantly affect their organisations' costs and performance over the next three to five years.
Indian oil refiners expect healthy margins amid global supply disruptions
A combination of these factors offer Indian refiners an opportunity to capitalise on stronger diesel, gasoline and aviation turbine fuel (ATF) cracks. Reliance Industries (RIL), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation and Hindustan Petroleum Corporation (HPCL) reported record refining performances in the September quarter (Q2) and expect the run to continue.
Clean energy investment helped India weather global energy crisis: PM Modi
Prime Minister Narendra Modi stated that India's investments in clean energy have mitigated severe external shocks. He announced an ambitious target of adding 500 GW of new non-fossil energy capacity within the next decade. Modi emphasized the importance of energy security in relation to economic stability.
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