– Global multidimensional poverty has increased for the first time since the measure began in 2010. The 2026 Global Multidimensional Poverty Index counts 1.2 billion people living in acute poverty across 108 countries. That represents 18.9% of the 6.3 billion
– Firefighters pushed containment of the Bike Fire to 81% after the blaze forced evacuations north of Los Angeles. The wildfire burned about 172 acres near Cambria Estates Lane and Ravenhill Road in Santa Clarita’s Sand Canyon area. Authorities lifted
Business
– The US dollar retreated from an 18-month high on Tuesday, October 13, as falling oil prices and a reassessment of the artificial intelligence-driven rally weighed on the currency. The U.S. Dollar Index, which measures the greenback against a basket
– The U.S. stock bull market moved into its fifth year Monday after completing four years of gains. The S&P 500 has climbed about 119% from its Oct. 12, 2022 bear-market closing low, according to Truist analysis. The index ended
International equities mounted a vigorous late-week recovery, rebounding from recent selloffs as climbing borrowing costs temporarily lost momentum. Market metrics indicate that US and European stocks close higher as bond yields ease, drawing institutional capital back into riskier asset classes
– Gold prices advanced on Monday as investors weighed weak U.S. hiring data against a firmer dollar. Spot gold gained 0.6% to $4,165.49 an ounce by 0901 GMT. U.S. gold futures for December delivery climbed 0.8% to $4,194.60. The move
The foreign exchange market recorded strong upward momentum as the US dollar hits 17-month high benchmarks, climbing to a 102.08 index rating and securing its third consecutive weekly gain. According to international market reports published by the Emirates News Agency, the
– The U.S. Treasury Department will offer $119 billion of notes and bonds through three auctions next week. The schedule begins Oct. 6 with $58 billion of three-year notes. Treasury will sell $39 billion of 10-year notes on Oct. 7.
Oil prices dropped sharply Monday as Brent crude closed at its lowest level in nearly two weeks. November Brent settled at $100.34 a barrel, losing $3.53, or 3.4%. October West Texas Intermediate fell $4.52, or 4.51%, to $95.78 a barrel.
India warned Washington that proposed tariffs on countries purchasing Russian crude oil could harm bilateral relations and disrupt global commodity trade. The statement followed the passage of the Sanctioning Russia and Iran Act of 2026 by the United States House
