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Economy

US PCE inflation rises to 3.6% as real spending stalls

US consumer prices measured by the PCE index rose 3.6% over the year to September, up from 3.4% in August. The 29 October release showed nominal spending rising while inflation-adjusted spending increased by less than 0.1%.

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Economy

US economy grew at 3.4% annualized rate in third quarter

The US economy grew at a 3.4% annualized rate in the third quarter, the Bureau of Economic Analysis said on 29 October. Growth accelerated from 2.2% in the second quarter. This advance estimate is subject to revision.

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Economy

South Africa’s rebasing raises the measured size of its economy

South Africa’s statistics agency released revised GDP estimates on 29 October. Reuters reported that 2025 nominal GDP is now estimated at R8.04 trillion, up from R7.64 trillion. The revision reflects improved measurement, rather than a sudden increase in production.

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Economy

Merck raises outlook after quarterly sales beat forecasts

Merck & Co. raised its 2026 sales and adjusted earnings forecasts on 29 October. Third-quarter sales were US$18.085 billion, up 5% and above the US$17.3 billion LSEG analyst consensus reported by Reuters.

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Economy

Henkel raises sales forecast and narrows profit outlook

Henkel raised its 2026 organic sales-growth forecast to 3–4% from 1.5–3.5% on 29 October. Preliminary third-quarter organic growth was 6.5%, against a 4.1% Vara Research consensus reported by Reuters.

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World · Developing

Rights group reports North Korean forced-labour network in Russia

Global Rights Compliance has reported a network transferring North Korean workers to Russian companies under conditions it says amount to forced labour. Its 29 October announcement describes passport retention, withheld wages and threats; the findings are allegations, not a court judgment.

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World · Developing

Spain’s Renfe runs reduced services during national drivers’ strike

Renfe operated under a reduced minimum-services schedule on 29 October during a 24-hour national strike called by drivers’ union Semaf. Rail services were cancelled in Valencia, while the operator warned passengers to plan around disruption.

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Economy

TotalEnergies reports US$9.1 billion adjusted quarterly earnings

TotalEnergies reported third-quarter adjusted net income attributable to shareholders of US$9.1 billion on 29 October, up 51% from the preceding quarter. Reuters said the result exceeded the US$8.3 billion average in an LSEG poll of 12 analysts.

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World · Developing

Spain transport minister announces resignation after crash that killed 69

Spain’s transport minister announced on 3 November that he would resign, six days after the 28 October Urda train collision killed 69. AP reported Óscar Puente said he had decided immediately after the crash; Reuters said he would remain in office while emergency response, the preliminary investigation, compensation and initial safety measures proceeded. The Cabinet approved €30 million in aid and the minister announced a national safety plan. The cause and responsibility remain unestablished.

2 min

World · Developing

Haiti gang leader claims missing Salvadoran technicians are dead

El Salvador announced more than 2,000 soldiers would deploy to Haiti to search for four missing aviation technicians; President Nayib Bukele said on 29 October that troops and equipment were nearly deployed. On 2 November, 400 Mawozo leader Wilson Joseph told AP the technicians were dead but provided no evidence. Haitian authorities say they were abducted and El Salvador believes they are alive. Joseph asked the UN to mediate; the UN confirmed receiving his signed letter without endorsing or recognizing him. The technicians' condition and whereabouts remain unknown.

2 min

World · Developing

UNHCR warns of growing needs as thousands flee Ethiopia into Kenya

UNHCR said on 28 October that local authorities estimated up to 50,000 people had crossed from Ethiopia into Kenya as clashes continued near Moyale. Local reporting says identification at two camps began on 31 October while families were still arriving. At a 30 October Geneva briefing, UNHCR described crowded public buildings, quickly exhausted food rations and people left without cover in heavy rain. The registered total has not been established; 50,000 remains a provisional local-authority estimate.

2 min

World · Developing

Cyclone Arnab aftermath death toll reaches six in Odisha

Odisha officials reported six deaths linked to Cyclone Arnab’s aftermath by 1 November, after two bodies were recovered from a landslide-hit village in Gajapati district. The Fire and Emergency Services director-general said 11 people remained missing, while a PTI report gave a figure of about 10; the reports are retained with their differing attribution and timing. Search operations were expected to continue through Tuesday. The final toll and wider damage remain unsettled.

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World

UK Supreme Court upholds damages in Spain-France Prestige insurance dispute

The UK Supreme Court unanimously allowed an appeal on 28 October in the long-running insurance dispute stemming from the 2002 Prestige oil spill. Spain and France had sued the vessel’s insurer in Spanish proceedings under a statutory direct-action right, despite a London arbitration clause in the insurance contract. The court held that the states’ obligation to arbitrate was contractual, not equitable, and that monetary relief for breach could be awarded as common-law damages. It said this justified the monetary awards made by arbitrators. Whether any sums have been paid was not established in the judgment or reporting reviewed.

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Economy

Alphabet shares fall 12.6% after reported earnings and revenue misses

Alphabet reported $127.58 billion in third-quarter revenue and $2.12 diluted GAAP EPS. AP cited FactSet revenue expectations of $127.97 billion and described an earnings miss; its cited EPS estimates of about $3.01 are not confirmed to use a matching GAAP basis. Reuters reported Alphabet shares fell 12.6% in the 29 October regular session; that close is separate from the prior evening's after-hours move.

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World · Developing

US judge temporarily halts five taxpayer-funded political ads

A federal judge on 28 October temporarily barred the Office of Management and Budget and Department of Homeland Security from developing, airing or distributing five challenged advertisements. The court found the Democratic National Committee likely to succeed in its public-funds challenge; this is preliminary relief.

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Technology

Researchers disclose fixed ChatGPT shared-link flaw that exposed private chats in tests

Security researchers disclosed a ChatGPT web flaw that let a malicious shared conversation run code in another user's signed-in browser session and read private, unshared chats in controlled tests. The researchers said OpenAI confirmed both affected web frontends fixed on October 26. This is a disclosure of a repaired flaw, not a warning that it remains unpatched.

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Health · Developing

Genmab reports survival gain in Phase 3 head-and-neck cancer trial

Genmab reported on 28 October that petosemtamab plus pembrolizumab improved overall survival and response in the Phase 3 LiGeR-HN1 head-and-neck cancer trial. The company plans to submit full results for a medical meeting; the treatment remains investigational.

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Security

Wordfence reports attack attempts against patched WordPress update flaw

Wordfence says it blocked 62,969 attack attempts in a 24-hour period against a WordPress upgrade-process flaw, The Hacker News reported on 30 October. WordPress patched the weakness in version 7.1.4 on 28 October. Exploitation requires a brief, conditional update window; the request count is not a count of compromised sites.

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Security · Developing

Drupal warns of active attacks on Commerce Core access-control flaw

Drupal says attackers are actively exploiting CVE-2026-118539 in Commerce Core. Its 28 October advisory urges affected sites to update and check orders for inconsistencies. Fixed releases are3.3.13 for the 3.x branch and 8.x-2.41 for earlier versions.

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World · Developing

Syria floods kill five as hundreds of families leave inundated camps

Syrian authorities reported five deaths, including four children, and five people missing on 29 October after severe flooding. Emergency teams evacuated about 375 families from camps in rural Raqqa. The floods also cut roads and communications as rescue operations continued.

2 min

World

England sets 13 November start for expanded mayoral precept powers

Regulations made on 28 October will bring expanded precept powers for England's mayoral combined authorities and combined county authorities into force on 13 November. The change removes the restriction limiting precepts to mayoral functions and preserves a separate component for police-and-crime functions.

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Security · Developing

DHS seeks takedown of leaked personnel records; host refuses

DHS asked an Icelandic hosting provider, through contractor ZeroFox, to remove a site carrying leaked personnel records. FlokiNET said on 29 October that it refused, but the registrar suspended the original domain. The underlying disclosure identified more than 41,000 records, WIRED previously reported.

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