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Heat-trapping carbon pollution drops, but scientists cite the Iran war rather than energy progress
This year, global carbon emissions fell by 0.4%, driven by oil supply disruptions from the conflict in Iran. While oil and natural gas emissions experienced notable declines, there was a small uptick in coal emissions. Experts caution that these improvements may not be guaranteed, attributing them primarily to external influences.
COP31 a 'moment of truth': UN chief Guterres urges world leaders to act now on climate change
António Guterres has urged global leaders to take immediate action against climate change ahead of the COP31 summit. He emphasizes that responsibility should not be shifted and that everyone must commit to change now. Guterres highlights the worsening impact of climate disasters and the interplay between climate change and other global challenges. Additionally, he believes that fossil fuel companies should contribute by being taxed on their profits.
India opens special deepwater oil, gas bidding round, offers to fund up to 50% of well costs
India is launching a special licensing round for deepwater and ultra-deepwater oil and gas blocks under its ₹84,084 crore Samudra Manthan offshore exploration scheme. The government will offer monthly bidding windows and fund up to 50% of eligible exploratory drilling costs, aiming to attract investors, accelerate offshore exploration, unlock hydrocarbon reserves and reduce India's dependence on imported oil and gas.
From asses to masses, Republicans wonder if Trump can still deliver wins
The MAGA boss is getting huffy about the physical toll and relentless schedule of the campaign trail and is now approaching it with the enthusiasm of a man who has just been informed that his prison sentence has been extended.
Quad to step up cooperation in AI, critical minerals
US Secretary of State Marco Rubio met External Affairs Minister S Jaishankar, Japan's Foreign Minister Toshimitsu Motegi and Australian Foreign Minister Penny Wong on the sidelines of the G20 Foreign Ministers' Meeting in Atlanta.
Trump's oil portfolio up 43% amid Big Oil windfall, pain at the pump
Major oil companies, including ExxonMobil, Chevron, and Shell, reported higher earnings in the third quarter. This comes as the conflict in Iran leads to increased fuel prices for American consumers. Trump's investments in oil and gas stocks have significantly appreciated during this time. More than 94% of his oil stock purchases occurred after the conflict began. Rising fuel prices serve as a crucial issue ahead of the upcoming midterm elections.
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Government scraps export duty on petrol, raises levies on diesel and ATF
The Indian government has abolished the special additional excise duty on petrol exports as of now. Diesel export levies have been raised to Rs 11.50 per litre from Rs 8.50 per litre. The export duty on aviation turbine fuel has also increased by 50 paise per litre. These adjustments reflect ongoing pressures from international energy market disruptions linked to geopolitical events.
Bank of Baroda Q2 profit jumps 36% to Rs 6,532 crore on NSE stake sale
Bank of Baroda reported 36% year-on-year profit growth to Rs 6,532 crore in Q2FY27, boosted by NSE stake sale gains and higher interest income. The lender raised annual credit and deposit growth guidance amid strong loan demand.
RIL Q2 Results Preview: Profit outlook brightens as O2C business set to drive growth
Reliance Industries is expected to report 15-17% year-on-year growth in September-quarter EBITDA, driven by a sharp recovery in its oil-to-chemicals business. Brokerages expect stronger refining margins, higher throughput and a weaker rupee to offset subdued retail and oil and gas performance. Investors will track O2C profitability, Jio Platforms’ earnings and retail margins as RIL announces results.
Committee of Creditors cannot withdraw resolution plan nod: Supreme Court
A bench of Justices JB Pardiwala and K Vinod Chandran, while disposing of the appeal filed by Bank of India and other CoC members, including Canara Bank, India Infrastructure Finance, Union Bank of India, UCO Bank and Punjab National Bank, said the resolution plan remains binding between CoC and the successful resolution applicant (SRA), and the improved profitability of the corporate debtor alone cannot be a reason to refuse approval of the resolution plan if it meets the requirements under IBC.
Jio’s record India IPO falls short of record payday for bankers
Jio Platforms raised about $3.1 billion through its record IPO, but intense competition among investment banks kept fees relatively low at around 0.65% of the issue size.
Ellen DeGeneres bought Adam Levine’s 10,376-square-foot Beverly Hills mansion for $42.5 million; less than two years later, she listed it for $53.5 million and sold it for $47 million
Ellen DeGeneres has successfully sold a glamorous mansion that was formerly owned by Adam Levine, turning a significant profit. Levine acquired the property for $33.9 million and upgraded it before passing it on to DeGeneres. After just under two years, she listed the estate for $53.5 million, eventually selling it for $47 million.
Anilkumar Bolla, Rs 240 crore UAE lottery winner who became a multi-millionaire says the biggest change in his life is being able to spend more time with family
Anilkumar Bolla UAE lottery winner: Indian expat Anilkumar Bolla won the UAE Lottery’s Dh100 million jackpot in October 2025. A year later, he has bought property in India and the UAE, gifted gold jewellery to his mother and farmland to his father, and begun exploring business opportunities. He says spending quality time with family is now his biggest reward.
A metal detector, a smashed Roman helmet and a £2.3 million bid; the Cumbrian field find that slipped through a legal gap
In Cumbria (2010) a metal detectorist found a Roman cavalry parade helmet in the field. It was sold for some £2.3 million at Christies but not included in the Treasure Act. The landowner took half the money, museums lost out, and later excavation showed where the helmet had been buried.
Punjab woman, whose husband is a daily-wage worker, spends Rs 7 on lottery ticket, wins Rs 1 crore
Punjab woman, Bimla Devi from Kotkapura, won Rs 1 crore in a Sikkim government lottery after buying a ticket for just Rs 7 while shopping for her children’s clothes. Her husband works as a daily-wage labourer, and the family is considering starting a small business to improve its financial position.
Over 30,000 species face critical danger: Amazon's Jeff Bezos backs $500 million wildlife plan, but one key detail is missing
Launched at the UN Biodiversity Conference, the New Species Recovery Alliance has garnered a substantial pledge of $500 million. This collaborative initiative, involving nine organizations including the Bezos Earth Fund, is set to combat species extinctions and facilitate the recovery of endangered species globally. With over 31,000 species facing extinction, urgent conservation measures are more crucial than ever, as the alliance partners with local groups to develop effective recovery strategies.
Former Google CEO Eric Schmidt owns 1% stake in Anthropic: Report
In its IPO prospectus seen by Reuters in September, Anthropic laid out a vision that AI will transform the global economy more profoundly than industrialisation, electricity and the internet.
Charting the global economy: Inflationary pressures mount in US
A broad upswing in consumer prices last month helps reinforce expectations for additional Federal Reserve interest-rate increases in the months ahead.
Iranian fishermen searching for fish find floating iPhones, luxury perfumes in Hormuz
A cargo vessel’s sinking in the Strait of Hormuz has left questions over maritime safety after Iranian fishermen recovered goods from the surrounding waters. All 21 crew members of the GFS Pride escaped, but competing explanations for the incident, including a mine or a possible missile or drone strike, remain unconfirmed.
Govt revises windfall gains tax for petrol and diesel exports
The central government has increased the windfall tax on petrol exports to Rs 2.5 per litre. Simultaneously, the windfall tax on diesel has been reduced to Rs 8.5 per litre. These adjustments will be effective from October 16, as announced by the central board of indirect taxes and customs.
Horoscope Today, October 16, 2026: Capricorn, Aquarius and Pisces Focus on Personal Priorities, Stronger Connections and Fresh Beginnings
The Moon transiting into Sagittarius illuminates quiet reflection, professional networking, and career ambitions. While the Virgo Sun provides practical focus, Rahu in Aquarius encourages ambitious thinking, and retrograde Saturn in Pisces advises reviewing unfinished obligations. Today emphasizes discreet budget management for Capricorn, careful networking boundaries for Aquarius, and structured career development for Pisces.
$845 billion windfall in 2026: AI boom drives unprecedented wealth creation for tech billionaires
Technology billionaires added a record $845 billion to their combined fortunes in the first nine months of 2026, driven by the artificial intelligence boom, according to figures from the Bloomberg Billionaires Index cited by The Kobeissi Letter. Their wealth reached $4.6 trillion, while billionaires in other sectors collectively lost $62 billion.
IMF edges up 2026 global growth forecast to 3.1% but warns economy is ‘vulnerable to setbacks from both directions’
The International Monetary Fund has updated its global growth forecast for 2026 to 3.1 percent. Concerns remain about the economy's resilience amidst geopolitical tensions and depleting oil inventories. Advanced economies are projected to grow more slowly, while emerging markets may face slowdowns. Inflation is expected to remain high, impacting consumer prices worldwide. Policymakers are urged to strengthen fiscal measures and manage inflationary pressures effectively.
In 2002, ‘Charlie’s Angels’ star Drew Barrymore paid $4.35 million for a Hollywood Hills home; 16 years later, she sold it for $16.5 million, nearly four times as much
Drew Barrymore sold her Hollywood Hills estate in 2018 for a significant profit after 16 years. The Los Angeles housing market has seen substantial growth, benefiting early homeowners like Barrymore. However, younger Americans face considerable difficulties in entering the property market due to rising prices and stagnant incomes. A Pew Research Center analysis confirms that buying homes is more challenging for today's young adults.
Crude oil crisis in Hormuz: Much more than just price and quantity
The conflict in Iran has closed the Strait of Hormuz, severely impacting global oil shipments and market dynamics. While oil availability has seemingly increased, a logistics premium affects shipping costs and insurance. This situation has led to heightened risks, causing delays in transit times and increased tanker requirements. Diesel shortages are also rising, with prices escalating significantly as supply chains are disrupted.
Punjab truck driver keeps trying his luck every month for 2 years, wins Rs 1.3 crore lottery in Dubai
A 53-year-old truck driver from Punjab, Kulwant Singh, has won Dh500,000 (around Rs 1.3 crore) in Abu Dhabi Big Ticket's Series 291 draw after buying lottery tickets with friends every month for nearly two years. He plans to use the prize money to support his family and invest in their home. A 30-year-old engineer from Kerala also won Dh100,000 in the same draw.
October Horoscope: Luck arrives in strange ways for 4 zodiac signs, and it may not look lucky at first
Venus retrograde may bring a change of pace in the coming days. Instead of rushing ahead, it encourages people to look back and reconsider their choices. Someone from the past could become important again. Even an old idea you once dismissed might turn out to be worth another look.
New Moon on October 10 could change the money story for 4 Zodiac Signs: Here’s where the shift begins
The financial shift may not happen overnight. For some, it could begin with a simple conversation. Others may see progress through a new contract or agreement. One zodiac sign might finally find the confidence to charge what their work is worth. The message is clear. Your finances may start to improve when you stop settling for less.
Small habit that changed his finances: Charlie Munger had no family money and 8 children to support. One habit changed his finances
Charlie Munger built his wealth through a simple habit: spending less than he earned and investing the difference. Despite having modest earnings, no family money and “an army of children” to support, he accumulated substantial investments during his first 13 years of legal practice. Later, as Warren Buffett’s business partner at Berkshire Hathaway, Munger continued advocating sensible spending, shrewd investing, lifelong learning and delayed gratification as keys to financial success.
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