WorldPresident Donald Trump says Ukraine and Russia have agreed to an “energy ceasefire.” The Justice Department is investigating major TV networks over their suspension of pool coverage of Trump, while Tropical Storm Rachel brings heavy rain and flooding to the California coast.
NBC News
EconomyThe International Monetary Fund and World Bank are set to hold key meetings in Bangkok this week. Ahead of them, the IMF chief has warned governments to tighten their belts and rein in spending.
EconomyIllicit trade costs governments billions and puts consumers at risk. Gijs de Best says tackling it requires shared intelligence and rules that can be enforced.
EconomyAgios Efstratios moved from total dependence on diesel towards energy self-sufficiency through renewables. The shift required local support and a replacement solution, and electricity now costs less per kilowatt-hour.
EconomyIn ten months, the small Greek island of Agios Efstratios has shifted from relying wholly on fossil fuels to generating more than 90% of its electricity from renewable sources. An EU-funded project has made the volcanic island self-sufficient in green energy.
WorldSevere haze from forest fires in Indonesia has again spread across Malaysia and other parts of Southeast Asia, raising serious concerns about public health and the regional economy. Dry El Niño conditions are worsening the situation, prompting neighbouring countries to urge Indonesia to contain the fires.
EconomyUS equity futures wavered ahead of earnings season while the Treasury market was closed for a holiday. Oil fluctuated after Trump said Kyiv and Moscow had agreed to an “energy ceasefire”; Zelenskyy said Russia breached it. Saudi Arabia suffered its deadliest strikes since the Iran war began.
Bloomberg Television
WorldThe Warsaw Security Forum holds a discussion on deterring Russia and strengthening defense, featuring NATO Supreme Allied Commander Europe Gen. Alexus Grynkewich.
Reuters
PoliticsHundreds of members of the party of Imran Khan, Pakistan’s former prime minister who is now imprisoned, have been detained. The detentions followed a state of emergency declared over the weekend in northwestern Khyber Pakhtunkhwa.
PoliticsDutch Defense Minister Dilan Yesilgoz-Zegerius said sanctions against Russia must remain in place as the war in Ukraine nears its fifth year, so the Russian president cannot obtain everything needed to fund the war. She spoke to Bloomberg Television at the Warsaw Security Forum on Monday.
Bloomberg Television
EconomyAmrita Sen, Energy Aspects’ founder and director of market intelligence, discusses what she describes as “extremely desperate measures” by US President Donald Trump to boost Russian diesel sales in global markets, as well as the announced Russia-Ukraine “energy ceasefire.”
Bloomberg Television
PoliticsSix senators from both parties are urging the Trump administration to abandon a proposal to buy diesel from Russia as part of an effort to bring down high fuel prices.
The Associated Press
PoliticsThousands of protesters are marching through New Delhi, demanding that election chief Gyanesh Kumar resign over alleged irregularities in voter-list revisions. Opposition leader Rahul Gandhi urged the public to join them, while his Congress party plans to petition against what it calls “vote theft.”
EconomyThe CEOs of Intel, Broadcom and DBS Group discuss the opportunities and risks behind companies’ rush to invest in AI, including how much practical return the huge spending may deliver.
WorldAs the war in Ukraine continues, Western concerns are mounting over Moscow’s alleged sabotage and interference campaign against Kyiv’s wartime backers. NATO’s top military commander held a press conference in Warsaw on Monday, where US General Alexus Grynkewich is expected to warn Russia about the alliance’s ability to counterattack.
SocietyComedian Russell Brand appeared in a London court on Monday as his trial on rape and sexual assault charges began.
The Associated Press
WorldAn unnamed U.S. source cited by Axios says Donald Trump’s surprise energy ceasefire between Russia and Ukraine applies only to oil refineries. Elitsa Gadeva explains what that would mean for both sides.
WorldInternational Energy Agency chief Fatih Birol says the world is facing its biggest-ever energy crisis. More than seven months into the US-Israel war on Iran, disruptions to shipping through the Strait of Hormuz have driven fuel prices higher, interrupted supply chains and raised fears of a serious shortage, with little relief in sight.
EconomyFrench President Emmanuel Macron is making his customary visit to the Paris Motor Show, where electric and hybrid vehicles take centre stage as European automakers seek to reverse years of falling sales. China’s pledge to curb Chinese electric-vehicle exports has helped the sector, while Stellantis and others are betting on small, affordable electric cars to win back customers.
World4:39At least five people are missing after a flash flood in Nepal on Sunday. A landslide near the northern border blocked a river, sending a torrent downstream that damaged bridges, hydropower plants and dozens of homes. Nepal is still recovering from severe flooding in August along its border with China. Oxfam Nepal’s humanitarian and disaster risk management lead, Santosh Pandey, says residents fear more floods may follow.
World1:29New images show flash floods hitting central Nepal. The flooding comes six weeks after another disaster in the area left more than 1,400 people dead and 5,000 missing. Nepalese authorities’ initial assessment says at least five people are now missing.
SocietyHundreds of tribal residents along India’s Ken River are expressing anger through mock funerals over an $87 billion government project to link about 30 rivers nationwide. The plan has been in the making for decades and gained momentum in recent years under Prime Minister Narendra Modi’s advocacy.
Reuters
WorldRussia attacked several power plants in Ukraine, including sites in Kharkiv and Kyiv, despite US President Donald Trump’s claim that an “energy ceasefire” was in place. Moscow has not commented on a possible deal, while Ukrainian President Zelensky said the announcement surprised him.
WorldUkrainian officials said Russian attacks killed six people in two Ukrainian cities on 11 October. A strike on a grocery store in Kharkiv killed three people and injured 20, including two children. Footage released by the prosecutor’s office shows debris flying and fires breaking out after the blast.