The Latest Breaking News from The Economic Times

Britain's BBC, Channel 4 discuss broader tie-up to cut costs, sources say

In a groundbreaking move, BBC and Channel 4 have initiated talks about merging their operations to combat rising costs and ensure longevity for both public service broadcasters. With Channel 4 dependent on ad revenue and the BBC funded by viewer license fees, this partnership could transform the UK's broadcasting environment.…

The Economic Times · Oct 8

Iran's Araghchi says Tehran to respond to US peace plan within days as Pentagon prepares fresh strikes

Iranian Foreign Minister Seyyed Abbas Araghchi on Thursday said that Tehran will respond to a US peace proposal on the West Asia conflict "within the next few days" amid reports suggesting that Washington is preparing for military options for a possible resumption of major combat operations against the Islamic Republic.

The Economic Times · Oct 8

Bank of England's Bailey says government debt commitments needed more than ever

Bank of England Governor Andrew Bailey highlighted the importance of credible fiscal policies for stabilizing public finances. Rising inflation and high levels of government borrowing put pressure on global bond markets. He emphasized that realistic debt commitments could mitigate demands for higher returns from bond investors. Bailey also noted the…

The Economic Times · Oct 8

Akasa Air announces new fuel surcharge amid rising ATF prices; check how much passengers will pay

Starting October 9, Akasa Air will implement a fuel surcharge on domestic flights, with charges between Rs 375 and Rs 1,150 based on distance. For international journeys, a standard surcharge of Rs 2,500 will apply to specified locations. This measure aims to mitigate the impact of soaring aviation turbine fuel…

The Economic Times · Oct 8

From a Jaipur original to a multi-city brand: Zolocrust’s measured expansion

As Zolocrust, a renowned vegetarian café chain, marks its 11th year, it is excitedly planning expansions into vibrant cities like Delhi and Lucknow. Founder Arjun Kumar emphasizes a deliberate strategy: prioritizing quality over swift expansion. Each new location will reflect valuable lessons learned, ensuring Zolocrust remains true to its core…

The Economic Times · Oct 8

WTO upgrades goods trade forecast as AI boom offsets Middle East disruption

World merchandise trade volume growth was stronger than expected and is now projected to reach 3.9% in 2026, up from 1.9% in the WTO's baseline forecast issued in March.

The Economic Times · Oct 8

Indians love Formula 1, would love to race there: Lando Norris

Lando Norris has shown interest in racing in India, acknowledging the nation's large fan base for Formula 1. The Indian government is working to bring back the race after it was discontinued in 2013. Talks have occurred between the Adani Group and Formula One Management regarding the Buddh Circuit. Significant…

The Economic Times · Oct 8

Turkey draws red line under Mecca pact, rules out sending troops to attack Houthis in Yemen

Turkey will assist Saudi Arabia defensively against Houthi attacks, as confirmed by Foreign Minister Hakan Fidan. The assistance focuses on air defense and technical support, rather than offensive military operations. The Mecca Joint Defence Agreement obligates collective defense among Turkey, Saudi Arabia, and Pakistan under specific conditions. Turkish parliament is…

The Economic Times · Oct 8

California cleared invasive plants from three Camp Pendleton breeding areas; willow flycatchers resettled at those sites within 5–7 years

In 2023, a lone Southwestern Willow Flycatcher was spotted at Marine Corps Base Camp Pendleton, a notable event after an absence since 2012 due to a drastic decline in its population. While habitat restoration initiatives show potential, challenges like invasive species and environmental pressures persist. Although some regions have experienced…

The Economic Times · Oct 8

81 US aircraft lost in Iran war: Why the MQ-9 Reaper losses could be a bigger warning for America than the billions spent replacing them

The United States has reported losses of 81 military aircraft during its ongoing conflict with Iran. Among these, 45 MQ-9 Reaper drones, used for surveillance and combat, account for over half the losses. The financial implications range from $1.9 billion to $3.3 billion for repairs and replacements. Congress is grappling…

The Economic Times · Oct 8