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The Latest Breaking News from The Economic Times

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

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

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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…

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

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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…

The Economic Times · Oct 8

INDIA Bloc leaders pay tribute to Mahatama Gandhi at Raj Ghat, continue demand for CEC's resignation

In a significant act of dissent, opposition leaders, led by Congress President Mallikarjun Kharge, staged a peaceful demonstration at Raj Ghat. They called for the resignation of Chief Election Commissioner Gyanesh Kumar, citing alleged electoral misconduct. Rahul Gandhi accused the Prime Minister and others of plotting a criminal conspiracy against…

The Economic Times · Oct 8

IBL Finance proposes public issue of NCDs worth up to Rs 50 crore

IBL Finance Ltd is gearing up for a public issuance of secured non-convertible debentures amounting to Rs 50 crore. This issuance includes a base of Rs 25 crore, with the chance for oversubscription. Set to commence on October 12, 2026, and conclude on October 26, 2026, investors can purchase a…

The Economic Times · Oct 8

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The Economic Times · Oct 8

US weekly jobless claims fall as layoffs remain low

Claims have held near 57-year lows for four straight weeks, consistent with what economists said remained a "low-hire, low-fire" labor market. Nonfarm payrolls increased by a paltry 29,000 jobs in September, the government reported last week.

The Economic Times · Oct 8

World Space Week 2026: How the ‘Rocket Revolution’ is changing the cost, speed and future of space travel

World Space Week 2026 promises an exciting celebration from October 4 to 10, themed 'Rocket Revolution.' This year's spotlight is on how advancements in rocket technology are opening up access to space. Reusable rockets are making space exploration more affordable and efficient, inspiring schools and organizations globally to participate in…

The Economic Times · Oct 8

Flying gets costlier from October 9: Air India, Air India Express join Akasa Air in fuel surcharge hike; here's what you'll pay

In a bid to manage escalating operating expenses amidst unpredictable global fuel costs, Air India and Air India Express will update their fuel surcharges for new bookings starting October 9, 2026. For domestic flights, the surcharges will vary from Rs 400 to Rs 1,200, while international routes to North America…

The Economic Times · Oct 8

Weather Tomorrow October 9: IMD predicts rain, thunderstorms and heavy showers across several states; check forecast for Delhi, Bihar, Haryana and more

Weather Tomorrow: On October 9, the Meteorological Department has raised alarms for heavy rain and thunderstorms in numerous areas. The Delhi-NCR region anticipates overcast conditions paired with light precipitation. Himachal Pradesh might encounter scattered showers, thunderstorms, and lightning. Meanwhile, Bihar and Haryana are expecting partly cloudy skies and occasional rain.…

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The Economic Times · Oct 8

Air India Delhi-Riyadh flight turns back midway as Houthi attacks hit Saudi airports, all Riyadh flights halt till October 10

Air India flight AI2243 took off from Delhi towards Riyadh but turned around during its journey due to safety concerns. This decision came after Houthi attacks on airports in Saudi Arabia intensified. As a precaution, Air India and Air India Express announced the suspension of all operations to and from…

The Economic Times · Oct 8

Gold price prediction: Gold rate witnesses volatile October, check prices to target for bullion precious metal

Gold price prediction: Gold rate's topsy-turvy momentum comes as investors assessed the minutes of the US Federal Reserve's September meeting for clues on its interest rate trajectory.

The Economic Times · Oct 8

Houthis claim new attack against airport in Saudi capital as witness reports evacuation

Several explosions were heard in Saudi Arabia's capital Riyadh on Thursday, including a large blast at King Khalid International Airport, a witness told AP. Flights were halted, passengers evacuated and emergency crews deployed. The cause remains unclear, with no immediate claim of responsibility, amid heightened Saudi-Houthi tensions and regional conflict.

The Economic Times · Oct 8

Homebuyer already paid Rs 23.23 lakh for a flat, refused another Rs 8 lakh until promised construction was complete, her allotment was cancelled; builder ordered to pay 23.83 lakh

Kangra consumer commission has held a builder's cancellation of a Greater Noida flat allotment void and ordered refund of Rs 23,23,712 to the homebuyer. She had asked for proof of construction progress before paying another Rs 8 lakh. Commission said builder showed no evidence that work stages were complete, called…

The Economic Times · Oct 8

Saudi, UAE join Japan-led push to bolster Asian oil buffers

Saudi Arabia and the United Arab Emirates are joining Japan's efforts to strengthen oil supply security in Southeast Asia. This collaboration comes in response to supply disruptions caused by ongoing conflicts in the Middle East. Japan has committed $10 billion to assist Southeast Asian nations in coping with rising crude…

The Economic Times · Oct 8

Australia need to handle test grind better, Cummins says

Australia's captain Pat Cummins highlighted the importance of grinding out results in test cricket against South Africa. The first test starts on Friday at Kingsmead, where conditions are expected to vary significantly. Cummins expressed that the team must adapt their approach to handle the ebb and flow of the game…

The Economic Times · Oct 8

In 1944, Howard Aiken and IBM engineers completed Harvard's Mark I, a 51-foot-long calculator that handled wartime calculations for the US Navy

In 1944, Harvard's Mark I emerged as a revolutionary 10,000-pound calculator for the U.S. Navy, pivotal in military operations such as ballistics during World War II. Grace Hopper notably influenced its functionality and pioneered the COBOL programming language. Mark I's legacy highlights the significance of government investment in technological breakthroughs,…

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