Bombay Durpun - Economy

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Asian stocks mixed as tech sector struggles to rebound from selloff

Asian stocks were mixed Monday as investors struggled to recover from last week's tough run fuelled by disappointing earnings from tech titans, while eyes were also turning to the United States ahead of crucial midterm elections.

Aehr Test Systems Reports Record First Quarter Fiscal 2027 Revenue of $33.0 Million; Raises Full-Year Revenue Outlook to $150 Million, Triple Fiscal 2026 Revenue

Strong Quarterly Bookings of $46.7 Million; Effective Backlog Reaches $109.3 Million

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Neha Nagar says ₹3 crore can fund retirement with disciplined planning

The first step is in financial planning is to understand where one stands financially and where one wants to be, said Neha Nagar, content creator and financial educator said in conversation with Puneet Wadhwa at the Business Standard BFSI Insight Summit 2026's Smart Investor Arena. The younger cohort, she said, should not rush into investing before they have focused on their personal development.

Vikas Satija says steady SIP flows shielded Indian equities from deeper losses

The strong participation by the retail investors has provided resilience to the Indian stock market and capped downside in the face of massive selloff by foreign portfolio investors (FIIs), said Vikas Satija, MD & CEO, Shriram Wealth, in a conversation with Business Standard's Pravin Palande at the Business Standard BFSI Insight Summit 2026 in Mumbai on Monday.

Mbappe dropped by Chinese brands for 'offending national sentiments'

Kylian Mbappe was dropped Tuesday by two major brands in China after a video circulated online in which the French football star apparently joked about former leader Mao Zedong.

Britain prepares constrained budget as debt and defence pressures mount

British Prime Minister Andy Burnham’s new government unveils its first budget Wednesday, testing a commitment to ease the cost of living and ramp up defense spending with little financial room for maneuver. It could prove to be a tall order for finance minister John Healey as rising inflation and borrowing costs—largely a consequence of the US-Iran war—increase the government’s debt pile and heap pressure on business

South Korea's chip boom fuels forecast-beating third-quarter growth

South Korea's economy grew more than three times faster than expected in the third quarter, driven by booming semiconductor demand, central bank data showed Tuesday.

South Korea economy grows three times faster than expected in Q3

South Korea's economy grew more than three times faster than expected in the third quarter, driven by booming semiconductor demand, central bank data showed Tuesday.

Formerra Adjusts Transportation Surcharge Amid Continued Freight and Logistics Pressures

ROMEOVILLE, IL / ACCESS Newswire / October 27, 2026 / Formerra, a leader in performance materials distribution, announced an increase to its transportation surcharge to address continued cost escalation in the freight and logistics market. Beginning November 2, 2026, a surcharge of $450 per delivery will apply to all shipments across North, Central, and South America.

Lula win rattles Brazil markets over spending spree fears

The reelection of Brazilian leftist Luiz Inacio Lula da Silva rattled markets on Monday as investors, who had expected a win for his conservative rival, worried about fiscal discipline.

Anthropic unveils IPO filing showing soaring sales and AI risks

Anthropic, one of the world’s leading artificial intelligence companies, on Monday made public its plans to sell shares on the stock market, a significant test of whether the AI boom can deliver profits.

Stocks climb ahead of tech earnings, central bank calls

The world's main stock markets mostly climbed Monday as investors geared up for the week's crucial run of central bank decisions and tech earnings, while oil prices retreated from a six-month high.

UK set for 'limited' budget giveaways as borrowing costs surge

British Prime Minister Andy Burnham's new government unveils its first budget Wednesday, testing a commitment to ease the cost of living and ramp up defence spending with little financial room for manoeuvre.

Canada-EU summit seeks deepened alliance as US ties fray

Canadian and European Union leaders meet in Montreal this week for a summit aimed at deepening their alliance as both sides navigate tumultuous relations with the United States.

New levy on non-EU parcels kicks in November 1

The European Union will from November 1 slap a two-euro ($2.25) handling fee on packages from outside the 27-nation bloc in a bid to curb the influx from China.

Trump says Canada trade deal coming 'soon'

A trade agreement between the United States and Canada would be reached "pretty soon," President Donald Trump told a campaign rally on Sunday, nine days ahead of crucial US midterm elections.

France's debt woes in focus as ECB meets

France's deteriorating public finances will take centre stage when the European Central Bank meets this week, but policymakers are not expected to throw a lifeline to the eurozone's second-biggest economy just yet.

NPS Vatsalya offers three choices when a child turns 18

NPS Vatsalya subscribers gain control of their accounts at 18 and may continue, transfer the corpus to regular NPS or exit under specified withdrawal rules.

Maine logging, cross-border ties whipsawed by US-Canada tariff war

In the heat of US midterm elections, President Donald Trump's tariffs on Canada -- and Ottawa's retaliation -- have taken center stage in timber-producing Maine, walloped by the economic fallout perhaps more than any other state.

From Carnegie to Claude: AI wealth could reshape philanthropy

A wave of American wealth created by artificial intelligence companies could produce some of the largest charitable sums since the era of Andrew Carnegie and John D. Rockefeller, raising questions about where the money goes.

India and Russia plan 2027 pilot voyages on Northern Sea Route

India and Russia intend to run pilot voyages on the Northern Sea Route in 2027 as they assess a shorter Arctic shipping link and expand maritime cooperation.

First international flight takes off from new Sydney airport

The first international flight took off Monday from a new, multi-billion-dollar airport in the fast-growing western suburbs of Sydney.

Jio’s next phase turns attention from subscriber growth to returns

Reliance Jio’s next stage will test whether its scale in telecom and digital services can translate into stronger monetisation, disciplined investment and durable shareholder returns.

Fan Engagement Technology Company Tradable Bits Will Help Tasmania's AFL, AFLW, NBL and WNBL Franchises Build Deeper, Direct Relationships With Fans

VANCOUVER, BC AND HOBART, AU / ACCESS Newswire / October 26, 2026 / Tradable Bits, a global fan engagement and data technology company, today announced an expanded presence in Tasmania through partnerships with the Tasmania Devils, which will enter the AFL and AFLW in 2028, and the Tasmania JackJumpers, the state's NBL franchise and owner of the newly established Tasmania Jewels WNBL team.

Nifty heads toward weakest Samvat of Modi era after 13% fall

The Nifty is down about 13% in Samvat 2082, putting Indian equities on course for their weakest Samvat year since Narendra Modi took office in 2014.

India trims weekly wheat auction volume despite strong miller demand

India reduced the wheat offered in its October 28 weekly auction to 101,000 tonnes even as millers reported tight open-market supplies and bids above ₹3,100 a quintal.

Bleems adds UFFF toys and collectibles through Kuwait partnership

Kuwaiti gifting platform Bleems has partnered with toy and collectibles retailer UFFF, making selected products available for same-day delivery through the Bleems app.

Kuwait minister urges focus on investment quality and development impact

Kuwait’s Abdulaziz Al-Marzouq told an investment forum in Doha that sustainable growth depends on investment quality, technology transfer, productivity and stronger private-sector participation.

Kuwait regulators broaden beneficial-owner data cooperation

Kuwait’s Capital Markets Authority and Ministry of Commerce and Industry amended their cooperation agreement to improve the accuracy and exchange of beneficial-owner information.

Succession pressures put Gulf family companies at a crossroads

Gulf family-owned companies face growing succession and governance risks as large fortunes pass to second and third generations without clear ownership plans.

IMF sees regional economy shrinking 1.3% in 2026 amid Iran war

The IMF expects output across the Middle East, North Africa and Pakistan to contract 1.3% in 2026 as the Iran war disrupts energy, shipping, tourism and confidence.

QNB expands cross-border funding for AI and digital infrastructure

QNB Group used its international network during the third quarter to finance AI computing, data centres, fibre networks, sovereign borrowing and business expansion across several markets.

France's Le Pen launches presidential bid vowing to restore 'rule of law'

Marine Le Pen, France's far-right candidate to succeed President Emmanuel Macron, kicked off her campaign Sunday vowing to "restore the rule of law" if elected next year.

J&K Bank raises accident cover for government employees to ₹1 crore

A five-year agreement expands insurance, disability and family benefits for permanent Jammu and Kashmir government staff while adding loan and banking concessions.

Bombay Durpun - Economy (English)