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NewsOct 22, 2026 · 16:49 IST

UK Inflation Accelerates to 3.5% in September on Fuel Costs

UK annual consumer-price inflation increased to 3.5% in September 2026 from 3.1% in August, according to official statistics reported on 21 October. The outcome exceeded the Reuters economists’ consensus of 3.4%, as energy and motor-fuel prices pushed inflation higher. Market participants assessed implications for the Bank of England’s next rate decision.

NewsOct 22, 2026 · 16:40 IST

Bank of Korea Holds Rate at 3.00% After Two Consecutive Hikes

The Bank of Korea held its seven-day repurchase policy rate at 3.00% on 22 October 2026, following quarter-point increases in July and August. Reuters reported that all seven monetary-policy board members voted for the hold, which all 34 economists surveyed by Reuters had expected.

NewsOct 22, 2026, 04:29 PM GMT+5:30

Dollar Stabilises Ahead of Fed, ECB and BoJ Meetings

Reuters reported that the dollar steadied on 22 October as investors awaited central-bank decisions the following week. Sterling traded around $1.33955, the Australian dollar near $0.7025 and the yen around 158 per dollar. Expectations of relatively hawkish central-bank policy remained central to currency positioning.

NewsOct 22, 2026 · 16:25 IST

Gold Hits Two-Week Low as Oil-Fuelled Inflation Fears Weigh

Reuters reported spot gold down 1.4% to $4,081.89 an ounce on 22 October, a more-than-two-week low. Rising oil prices and concerns over persistent inflation reinforced expectations of tighter US monetary policy, weighing on non-yielding bullion.

NewsOct 22, 2026 · 16:18 IST

Oil Jumps Above $111 as New Houthi Attacks Hit Saudi Arabia

Reuters reported Brent crude at $111.64 a barrel at 06:26 GMT on 22 October, up $2.82, or 2.59%, as fresh Houthi attacks on Saudi targets intensified supply concerns. WTI rose to $99.39. The reported attacks included a civilian airport in Dammam and a Saudi oil field.

NewsOct 20, 2026 · 16:59 IST

Iran Says Iraq Agreed to Remove Iranian Kurdish Opposition Groups

Iran’s ambassador to Iraq, Mohammad Kazem Al-e Sadegh, said an agreement had been reached to remove Iranian Kurdish opposition groups from Iraq’s Kurdistan Region or hand members over to Iran, according to reports citing Iranian media on 20 October 2026. The assertion remains an attributed Iranian diplomatic claim: Iraq’s public account has not confirmed the reported expulsion or extradition terms. The reports should not be interpreted as confirmation that removals have begun, or as a specific agreement concerning the Turkey-focused PKK.

NewsOct 20, 2026 · 13:58 IST

Trump Claims US Destroyed 229 Iranian Fighter Jets; Losses Unverified

US President Donald Trump said at a Kansas rally on 19 October 2026 that American forces had destroyed Iran's 229 fighter jets. Multiple news outlets reported his remarks, but the scale of the claimed losses has not been independently established. Trump also suggested Washington could end its military campaign, without announcing a withdrawal decision or timetable. The comments add to uncertainty around regional security and energy supply risks.

NewsOct 20, 2026 · 13:12 IST

UK Unemployment Falls to 4.7% as Regular Wage Growth Reaches 3.7%

UK unemployment unexpectedly fell to 4.7% in the three months to August 2026 from 4.9%, while annual regular pay growth reached 3.7%, according to figures reported following the Office for National Statistics' 20 October labour-market release. September payroll employment increased by an estimated 13,000, but vacancies fell to approximately 691,000, underscoring a mixed labour-market picture. The data are relevant to sterling and Bank of England interest-rate expectations.

NewsOct 20, 2026 · 12:31 IST

New Zealand Announces New Brazil and Canada Trade Engagement as India Pact Starts

New Zealand said on 20 October that it would pursue deeper trade engagement with Brazil and Canada to diversify export markets. Its trade minister indicated that the first New Zealand–Brazil Trade and Investment Dialogue would be scheduled after upcoming elections. Separately, the previously signed India–New Zealand free-trade agreement took effect; that agreement is background rather than the new event.

NewsOct 20, 2026 · 12:08 IST

ABB Announces $495 Million Mitsubishi Electric Joint Venture in Japan

ABB announced a joint venture with Mitsubishi Electric’s carved-out low-voltage power distribution products business. ABB said it will invest about $495 million for a controlling 51% stake and acquire related overseas sales operations. The announcement concerns a proposed investment, not a completed integration.

NewsOct 20, 2026 · 12:04 IST

ABB Reports Record $12.06 Billion Q3 Orders as Data-Centre Demand Accelerates

ABB reported third-quarter 2026 orders of $12.055 billion, up 40% year on year, with revenue of $9.701 billion, up 14%, and operational EBITA of $2.026 billion, up 24%. The Swiss engineering group said strong demand and execution supported its performance.

NewsOct 20, 2026 · 11:54 IST

Germany Signs Industrial AI Cooperation Agreement With Nvidia

Germany's economy and research ministries signed a joint declaration of intent with US chipmaker Nvidia at the Invest in Germany Summit on 19 October 2026. The agreement seeks to advance industrial artificial-intelligence models, including physical AI applications relevant to robotics and manufacturing. The German government says the initiative will build on the country's engineering and industrial data capabilities and involve research institutions and businesses, including smaller manufacturers. The declaration sets out intended cooperation; it does not establish that any specific investment amount has been committed under this agreement.