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EU leaders urge urgent action on energy prices, single market reforms

European Council calls for lower energy costs, reduced regulatory burdens and progress on bloc's next long-term budget and enlargement process16 October 2026

New York stock exchanges close higher

- Dow Jones earns 1.08%, S&P 500 0.33%, Nasdaq 0.08%, as European indexes end day mixed15 October 2026

US extends sanctions waiver for Russian energy firm Lukoil through April

Treasury Department authorization permits retail stations outside Russia to operate while barring remittances to Moscow15 October 2026

EU leaders seek measures to ease energy price pressures ahead of winter

Some leaders also call for review of bloc's electricity market design15 October 2026

IEA members to accelerate release of 100M barrels as oil markets remain tight

Plans include over 20M barrels of diesel to be released as soon as possible amid supply tightness15 October 2026

1st phase of India-US trade deal finalized, says New Delhi

Agreement’s first tranche finalized, undergoing ‘final contours’ and legal drafting, says Indian minister15 October 2026

Germany's trade deficit with China set to hit record as automotive surplus collapses

Deficit projected to exceed $112B, more than seven times its 2019 level, German Economic Institute says15 October 2026

European Parliament chief says proposed EU budget cuts 'don't fly' amid growing challenges

Dispute continues between member states, parliament on next multiannual financial framework15 October 2026

Netflix to cut roughly 1,000 jobs, or 6% of workforce: Report

Product, technology, legal and human resources teams to bear brunt of cuts as company reallocates resources, according to CNBC15 October 2026

Accelerating US inflation fuels hawkish Fed expectations

Mounting gas, housing prices push US inflation to 4-month high of 3.7%; while rising Treasury yields, dollar dampen rate-pause hopes, as markets price in 25-basis-point rate hike in December15 October 2026

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