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Gold rises over 1% on safe-haven demand despite strong US payrolls

Spot gold was up 1.2% at $3,977.94 per ounce by 10:57 am ET (1557 GMT). US gold futures for December delivery rose 0.7% to $3,989.80 per ounce

US government shutdown becomes longest ever, costs economy $15 bn weekly

Thousands of privately owned businesses that rely on loans from the US Small Business Administration are missing out on funds

Wall Street drops fear of 'hot commie summer' in overture to Zohran Mamdani

Mamdani used the Wall Street derision channeled in his direction as the perfect foil, Kronfeld said

How Zohran Mamdani beat back New York's elite and was elected mayor

The 34-year-old assemblyman won the Democratic primary by defying the city's all-powerful establishment. He secured the mayoralty by delicately disarming it

Even for Mamdani supporters, his thin resume is a cause for concern

Many voters struggle with a fundamental question about Zohran Mamdani's candidacy: Is a 34-year-old state assemblyman ready to lead the nation's largest city?

Trump to host Syrian President Al-Sharaa in historic White House visit

President Donald Trump will host Ahmad al-Sharaa for talks, a first-ever visit by a Syrian president to the White House, an administration official said Saturday. The official, who was not authorised to comment publicly about the yet to be formally announced engagement, said that the meeting is expected to take place Nov 10. Trump met with al-Sharaa in Saudi Arabia in May in what was the first encounter between the two nations' leaders in 25 years and one that could serve as a turning point for Syria as it struggles to emerge from decades of international isolation. The meeting, on the sidelines of Trump's get-together with the leaders of the Gulf Cooperation Council, marked a major turn of events for a Syria that is still adjusting to life after the over 50-year, iron-gripped rule of the Assad family. Al-Sharaa once had a $10 million US bounty on his head. Under the nom de guerre Abu Mohammed al-Golani, al-Sharaa had ties to al-Qaida and joined insurgents battling US forces in Ir

India's exports to US decline 37.5% during May-September 2025: GTRI

India's exports to the US have dipped 37.5 per cent during May-September 2025 from USD 8.8 billion in May to USD 5.5 billion in September, think tank GTRI said on Sunday. It said that exports of pharmaceuticals, smartphones, metals and auto have declined during the period. Pharmaceutical product exports dipped 15.7 per cent from USD 745.6 million in May to USD 628.3 million in September. Industrial metals and auto parts facing uniform tariffs for all countries saw a modest 16.7 per cent drop, from USD 0.6 billion to USD 0.5 billion. Aluminium exports fell 37 per cent , copper 25 per cent, auto parts 12 per cent, and iron-steel 8 per cent, GTRI Founder Ajay Srivastava said, adding that with similar duties on global suppliers, the dip likely reflects softer U.S. industrial activity rather than lost competitiveness. He added that labour-intensive sectors such as textiles, gems and jewellery, chemicals, agri-foods, and machinery endured a 33 per cent decline, from USD 4.8 billion to US

Kerala fares better than US on various social indicators: CM Vijayan

Kerala Chief Minister Pinarayi Vijayan on Saturday claimed that the state fares much better than the United States of America on various social indicators, like maternal and infant mortality rates, and termed it as "the real Kerala story". Vijayan, speaking after announcing the eradication of extreme poverty from the state at a public event here, said that it was a fact that Kerala's infant mortality rate and maternal mortality rate are lower than those in the US. "This is no small achievement. How did our state, with a GDP of just USD 167.90 billion, surpass the economic giant with a GDP of USD 30.51 trillion? We only have 0.55 percent of their GDP. Yet we managed to surpass America. This is the 'real Kerala story'," he said. Vijayan said that 22.3 mothers lose their lives per 100,000 births in the United States, while in Kerala it is 18. "In Kerala, there are five infant deaths per thousand births. In the United States, it is 5.6. While Kerala is far ahead with a literacy rate of

Trump cuts US refugee limit to 7,500, mostly white South Africans

The Trump administration is restricting the number of refugees it admits into the country to 7,500 and they will mostly be white South Africans, a dramatic drop after the US previously allowed in hundreds of thousands of people fleeing war and persecution from around the world. The administration published the news Thursday in a notice on the Federal Registry. No reason was given for the numbers, which are a dramatic decrease from last year's ceiling set under the Biden administration of 125,000. The Associated Press previously reported that the administration was considering admitting as few as 7,500 refugees and mostly white South Africans. The memo said only that the admission of the 7,500 refugees during 2026 fiscal year was justified by humanitarian concerns or is otherwise in the national interest.

Xi refutes Trump's claim that China had no role in Thai-Cambodia peace deal

Chinese President Xi Jinping on Thursday refuted his US counterpart Donald Trump's claims at their summit meeting in Busan that China was not involved in establishing peace between Cambodia and Thailand. At the much-publicised summit, Xi said that he appreciated Trump's "great contribution to the recent conclusion of the Gaza ceasefire agreement". However, Xi rebutted Trump's assertion that China was not involved in establishing peace between Cambodia and Thailand. Xi told Trump that Beijing had been helping the two Southeast Asian neighbours to settle their border dispute in our own way, the Hong Kong-based South China Morning Post reported. Xi's assertion outlines Beijing's redlines as China too seeks to play a dominant role in Southeast Asia, where it has established strong security and trade links with countries of the region, including Thailand and Cambodia. During the height of the Thailand-Cambodia confrontation, Chinese Foreign Minister Wang Yi held closed consultations to

China to buy 12 million metric tonnes of soybeans this season, says Bessent

Bessent said other countries in Southeast Asia have agreed to buy another 19 million tons of US soybeans, but did not specify a timeframe for those purchases

China says it will work with US to resolve issues related to TikTok

President Donald Trump's meeting on Thursday with China's top leader, Xi Jinping, produced a raft of decisions to help dial back trade tensions, but no agreement on TikTok's ownership. China will work with the US to properly resolve issues related to TikTok, China's Commerce Ministry said after the meeting. It gave no details on any progress toward ending uncertainty about the fate of the popular video-sharing platform in the US. The Trump administration had been signalling that it may have finally reached a deal with Beijing to keep TikTok running in the US. Treasury Secretary Scott Bessent had said on CBS's Face the Nation on Sunday that the two leaders will consummate that transaction on Thursday in Korea. Wide bipartisan majorities in Congress passed and President Joe Biden signed a law that would ban TikTok in the US if it did not find a new owner to replace China's ByteDance. The platform went dark briefly on a January deadline, but on his first day in office, Trump signed

South Korea's Lee urges trump to revise nuclear pact for submarine fuel

The pact was last updated in 2015 and is effective until 2035. South Korea's neighbor, Japan, already has the right to reprocess spent fuel

US to scale back troop presence on NATO's eastern flank, says Romania

The US military said the decision not to replace departing American troops in Romania was not 'an American withdrawal from Europe or a signal of lessened commitment to NATO'

Trump announces trade breakthrough with South Korea on Asia trip

Trump and Lee agreed that Seoul can split its promised $350 billion investment fund into $200 billion in cash to be paid in instalments and capped at $20 billion per year, Lee's aides said

Boeing delays 777x jet to 2027, takes $5 billion charge amid setbacks

Last month, CEO Kelly Ortberg said the company was behind schedule in certifying the jet, saying a 'mountain of work' needed to be done

TikTok US ownership deal may be sealed in South Korea, says White House

The Trump administration has been signalling that it may have finally reached a deal with China to keep TikTok running in the US, with the two countries finalising it as soon as Thursday. President Donald Trump is visiting South Korea, where he will meet with Chinese President Xi Jinping to try to de-escalate a trade war. Treasury Secretary Scott Bessent told CBS's Face the Nation Sunday that the two leaders will consummate that transaction on Thursday in Korea. If it happens, the deal would mark the end of months of uncertainty about the fate of the popular video-sharing platform in the United States. After wide bipartisan majorities in Congress passed and President Joe Biden signed a law that would ban TikTok in the US if it did not find a new owner in the place of China's ByteDance, the platform was set to go dark on the law's January deadline. For a several hours, it did. But on his first day in office, Trump signed an executive order to keep it running while his administrat

Javier Milei's libertarian party wins Argentina's midterm elections

Javier Milei's party has now secured the one-third of seats in the Chamber of Deputies required to block any future attempts to overturn presidential vetoes

US unveils trade framework with Vietnam following 20% tariff agreement

Crucial specifics are still undetermined, but it's the first outline released by the Trump administration since a 20% headline tariff was announced in July

Brazil, US to begin immediate talks to resolve tariff and trade issues

Ahead of the meeting on Sunday though, Trump said he could reach some agreements with Lula