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Tech market sell-off deepens amid fears over US inflation and AI debt

Chip makers and tech investors such as Samsung and SoftBank plunge as potential interest rate hikes spook marketsBusiness news – live updatesLarry Elliott: the global economy is muddling through. But a storm is comingAn accelerating sell-off of AI-linked shares has hit global markets, as fears over rising inflation and future interest rate hikes spooked traders already wary of the heavily indebted sector.South Korea’s benchmark Kospi 200 index, which is heavily skewed towards the companies that make memory chips, fell more than 8% overnight to a six-month closing low, triggering circuit breakers that brought trading to a halt at various points. Continue reading...

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Japan's Takaichi says chores and makeup add hours to her workday, sparking debate on gender roles

Being a prime minister is tough, with daily schedule packed with meetings and hourslong parliamentary sessions

'Floored' US allies were blindsided at Trump Russia plan meeting: report

President Donald Trump’s decision to approve Russia selling a substantial amount of diesel on the world market caught U.S. allies flat-footed, according to the Wall Street Journal.In a deep dive on growing U.S.-Ukraine tensions, the Journal reported that the deal has created a schism that has allies, and some Republican lawmakers, furious.Senior Ukrainian and European officials flew to Miami on Oct. 9 to meet Trump negotiators Jared Kushner and Steve Witkoff in a bid to revive peace talks, the Journal reported. During the six-hour meeting, Kushner and Witkoff said the president was considering a diesel deal with Russia. The Ukrainian and European officials were “floored,” people familiar with the matter told the paper.That same day, Trump held a 90-minute phone call with Russian President Vladimir Putin and announced the deal shortly after hanging up, the Journal said. Treasury then issued a temporary license allowing Russian diesel into the global market, according to ABC affiliate WJLA.“Lower prices for Americans, especially our Great Farmers, Ranchers, and Truckers, is my Greatest Priority,” Trump wrote on Truth Social. Ukrainian President Volodymyr Zelensky called it “a weak decision, unfortunately, a weak decision by strong partners.”The Journal reported that Trump "had increasingly soured on Zelensky" over the previous month. Since a discussion between the two, it said, the U.S. "had asked Ukraine about a half dozen times to halt strikes" on Russian energy. Ukrainian officials said they would agree to any energy truce, but Russia refused, so they didn’t pull back. Trump was annoyed that Ukraine was using U.S. resources to target Russia’s energy exports in a way he thought could hurt American consumers, people familiar said.Several Republican lawmakers called the White House angry after the announcement, the Journal reported, saying the deal handed Russia a win without concessions and went against a 2022 law banning U.S. imports of Russian energy. Rep. Ashley Hinson (R-IA) said: “It makes me a little bit nervous anytime we’re talking about relieving a sanction on Russia.”On Sunday, Trump declared on Truth Social that “there is an ENERGY CEASEFIRE in the War between Russia and Ukraine” effective immediately. “Both parties have agreed. Do not break it!” he wrote. Moscow had not confirmed it, the Journal reported while adding, Zelensky said Russia struck multiple Ukrainian power plants that day, including one in Kharkiv.

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Brazil investigates Amazon wildfires that disrupt daily life

Brazilian authorities are investigating whether a recent surge in Amazon wildfires was orchestrated

Mauritius tightens security and extends curfew after days of unrest

Mauritius is extending a curfew for two more nights and tightening security after unrest sparked by police shooting a woman during protests over water shortages and the cost of living