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The Latest Breaking News from The Economic Times

US announces investigation into 9 universities, including Ivy League schools, over J-1 visas

US Labor Department has begun a proble into nine major universities over J-1 visas. US Vice President JD Vance said subpoenas had been served on the universities as part of the investigation.

The Economic Times · Oct 8

Rubio says US pressure on NATO allies to boost defense spending is 'not hostile'

During his visit to Portugal, U.S. Secretary of State Marco Rubio reiterated the urgency for NATO allies to bolster their defense expenditure. Citing rising threats, particularly due to the ongoing war in Ukraine, he underlined the necessity for a united military front. While acknowledging the difficulties faced by smaller NATO…

The Economic Times · Oct 8

Anne Carson wins 2026 Nobel Prize in Literature: Who is this poet who made Ancient Greek stories feel new again? Here's what makes her writing so unique

Anne Carson has been awarded the 2026 Nobel Prize in Literature, recognizing her innovative literary contributions. The Swedish Academy commended her for creating new forms while engaging with classical traditions. Carson's work encompasses poetry, translation, and essays, profoundly influenced by ancient Greek literature and other traditions. She has adapted ancient…

The Economic Times · Oct 8

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US bars Microsoft from sponsoring green cards for H-1B workers over alleged abuse

The US has barred Microsoft from sponsoring green cards for H-1B visa holders, alleging that the company abused the immigration programme.

The Economic Times · Oct 8

Rs 9,395 crore block deal! GQG exits ITC shares after a sharp 30% crash this year

ITC witnessed a nearly Rs 9,437 crore block deal as a GQG-linked fund sold 36.51 crore shares, while Fidelity and major Indian mutual funds bought stakes. The transaction comes as ITC shares remain under pressure from taxation concerns and weak volume recovery.

The Economic Times · Oct 8

Delhi govt to inspect 100 PGs, considers mandatory CCTV backup under proposed rules

Delhi government is set to inspect 100 suspected PG accommodations over the next three days. The proposed regulations include mandatory CCTV cameras with 40-45 days of recording backup for safety. An online portal will track student accommodations, providing essential information on housing conditions. A sub-committee will review legal restrictions affecting…

The Economic Times · Oct 8

Taylor Swift lived in this 1.5-acre Beverly Hills estate with 4 bedrooms, 5 bathrooms, a guest house and pickleball court; property now listed for $7.995 million

The Pillsbury Estate in Beverly Hills is currently listed for $7.995 million, once owned by Taylor Swift from 2011 to 2018 during her work on the album 1989. This luxurious property boasts four bedrooms, five bathrooms, and a pickleball court. Nicolas and Roxy Bijan acquired the estate and beautifully restored…

The Economic Times · Oct 8

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Attack risks rise for tankers as Iran vows to block more Hormuz routes

Tankers face growing risks of attacks and intimidation while navigating the Strait of Hormuz after Iran warned regional countries against opening alternative oil-export routes. The latest violence has reduced tanker traffic through the key waterway, while a tanker was struck near Qatar. Shipping groups warn Iranian threats are worsening.

The Economic Times · Oct 8

Elon Musk asks why Starlink still lacks India licence after ‘five years’ of compliance

Elon Musk has questioned why Starlink is yet to receive an Indian licence, saying the satellite internet company operates in more than 165 countries and has spent five years complying with India’s laws and requirements. His remarks come a day after he alleged that “oligarchs” were blocking Starlink’s entry.

The Economic Times · Oct 8

In 2006, an investor put $1,000 into Costco; 20 years later, the stake had grown to about $31,240 with dividends reinvested

A $1,000 Costco investment made 20 years ago would have grown to about $31,240 with dividends reinvested. The return shows the power of long-term compounding. Costco’s membership model, customer loyalty and steady sales growth helped drive gains. Still, past performance is no guarantee that the stock will deliver similar returns…

The Economic Times · Oct 8

Yumnam Khemchand Singh calls on Amit Shah, apprises him of measures taken by Manipur govt for restoring peace

More than 60,000 people have been displaced after ethnic violence broke out between the Meitei and Kuki-Zo communities on May 3, 2023. The violence erupted after a ‘Tribal Solidarity March’ was organised in the hill districts to protest the Meitei community’s demand for Scheduled Tribe status.

The Economic Times · Oct 8

Greece agrees up to $4 billion US arms deal, sources say

In an ambitious move, Greece is set to allocate $4 billion towards upgrading its fleet of F-16 fighter jets and securing advanced missile systems from the United States. Additionally, plans for 2024 include the acquisition of 20 F-35 fighter jets and 35 Black Hawk helicopters. These enhancements reflect Greece's commitment…

The Economic Times · Oct 8

US stocks: US markets fall as higher yields and oil prices flag inflation risk

US stocks fell as crude oil prices surged and Treasury yields remained high, raising inflation concerns. Major companies like Amazon, Tesla, and Nvidia experienced losses, contributing to a broader decline in the technology sector. Investors are now focused on upcoming third-quarter earnings reports, particularly from financial institutions. The Federal Reserve…

The Economic Times · Oct 8

International Criminal Court judges say Philippine ex-President Rodrigo Duterte fit to stand trial

The International Criminal Court has ruled that Rodrigo Duterte is competent to stand trial for alleged crimes against humanity, with proceedings slated to start on November 30. Facing grave accusations linked to widespread killings during his presidency's anti-drug initiative, Duterte's request to dismiss the charges due to medical concerns was…

The Economic Times · Oct 8

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The Economic Times · Oct 8

US jobless claims hover near 57-year low for fourth consecutive week

In a recent report, weekly unemployment claims saw a slight drop of 2,000, totaling 197,000, which suggests some stability within the job market. Nonetheless, nonfarm payroll growth remained disappointing, with just 29,000 jobs created in September. Additionally, there was an increase of 17,000 in ongoing unemployment benefits, highlighting challenges faced…

The Economic Times · Oct 8

ASOS hack exposed more than contact details; even your shopping searches were accessed: What should customers do?

ASOS said the attacker posed as a trusted contact and tricked an employee into sharing their login details. The attacker then used those credentials to access company information stored on third-party platforms. ASOS said it had secured the affected platforms to block any further unauthorized access.

The Economic Times · Oct 8

Cochin Shipyard gets order to build 40 ships from US, Germany, Norway, other nations: Sarbananda Sonowal

Cochin Shipyard Limited has triumphantly secured more than 40 shipbuilding contracts from leading countries like the US, Germany, and Norway. Shipping Minister Sarbananda Sonowal emphasized the importance of cultivating a strong ecosystem for shipbuilding in India. Notably, Russian businesses showed interest in collaborating with local shipyards, and Belgium demonstrated a…

The Economic Times · Oct 8

Absence of AI in equities will become India's strength in a year, mkts to start attracting flows: CEA

Chief Economic Advisor V Anantha Nageswaran indicated that India's absence of AI focus might become an advantage. He believes that if the AI boom falters, foreign investors will seek alternative growth opportunities in India. Despite currency depreciation and external challenges, India maintains strong economic fundamentals and growth. Nageswaran highlighted the…

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The Economic Times · Oct 8

Musk pitches Starlink for India's no-internet, no-network areas a day after 'oligarchs' charge

Elon Musk has advocated for Starlink's potential to enhance internet accessibility in underserved areas of India. He claims that certain oligarchs are obstructing its entry to maintain monopolistic control over the market. The Indian government has rejected these allegations, emphasizing a fair regulatory framework is in place. Starlink representatives have…

The Economic Times · Oct 8

Susan Dell philanthropy goes beyond Trump Accounts: How The Dell foundation used $78 million to rebuild 3,740 Texas homes and fight homelessness in Austin

Susan Dell’s along with her husband, Michael Dell, she has supported major housing and disaster-recovery efforts in Texas. From contributing $42 million to the Rebuild Texas Fund after Hurricane Harvey, which helped repair or rebuild 3,740 homes, to pledging $36.6 million to expand Community First! Village in Austin, the Dell…

The Economic Times · Oct 8

ET Alpha Wealth Summit 2.0: ‘Man and machine’ will shape the next phase of investing, says Sandeep Tandon, Quant Mutual Fund

Quant Mutual Fund’s Sandeep Tandon says the next investment edge will come from combining human judgment with AI, machine learning and alternative data. As markets become more dynamic, investors must move beyond static strategies and focus on speed, inference and decision-making.

The Economic Times · Oct 8

Airline chiefs say can't fully guard against rogue pilots after flydubai attack

Airline executives said aviation safety standards remain high after a flydubai co-pilot allegedly attacked the captain with an axe and attempted to crash the aircraft last week. Ryanair and Lufthansa chiefs acknowledged the difficulty of preventing deliberate acts by rogue pilots, while stressing existing cockpit safeguards and mental health screening…

The Economic Times · Oct 8

‘They simply let my daughter die’: Mother of Russian scientist Daria Shipilova rejects broken test tube theory behind plague death

In a tragic turn of events, 28-year-old scientist Daria Shipilova has succumbed to suspected pneumonic plague in Siberia. Her mother disputes rumors that the infection stemmed from a shattered test tube. Despite testing nearly 5,000 samples and finding no hazardous pathogens, local authorities have assured there is no epidemic risk.…

The Economic Times · Oct 8

Strait of Hormuz, uranium and oil prices: The three issues now standing between Trump and an Iran war deal

Efforts to resolve the US-Iran war are heavily influenced by Iran's nuclear program and shipping routes. The Strait of Hormuz plays a crucial role in international energy markets and potential ceasefire terms. US officials demand significant action from Iran before agreeing to negotiate peace, particularly regarding its uranium enrichment. Meanwhile,…

The Economic Times · Oct 8

Judge says search warrants used to seize property from former Prince Andrew were unlawful

London police conducted unlawful searches of former Prince Andrew's properties related to Jeffrey Epstein's investigation. The High Court judge invalidated the search warrants requested by Thames Valley Police. After questioning Mountbatten-Windsor, he was released without being charged, marking a rare royal arrest in centuries. This incident continues to be a…

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