Economy Desk

World Affairs · October 24, 2026

Tinubu opens reelection bid as Nigeria’s cost pressures test his case

Tinubu used his Kaduna flag-off to defend his record and blame opponents for hunger and poverty. Reuters and AP report the election will test whether voters credit his reforms or focus on the hardship they have faced.

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Archival official portrait of Nigerian President Bola Tinubu, photographed in 2023; it does not depict the Oct. 24, 2026 campaign rally.
Archival official portrait of Nigerian President Bola Tinubu, photographed in 2023; it does not depict the Oct. 24, 2026 campaign rally.File photo: Nosa Asemota / Wikimedia Commons / CC BY-SA 4.0 · file details · CC BY-SA 4.0. Official presidential portrait photographed May 29, 2023; used as archival identification, not as an image of the 2026 campaign event.

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U.S. · October 23, 2026

Trump removes some Canadian goods from 50% tariffs, adds others

The White House says the changes are intended to ease burdens on U.S. commerce. Sen. Susan Collins has pressed for tariff relief for Maine producers, while the policy change also lands in the final days of her reelection race.

Reporting draws on 5 named sources.

Business & Markets · October 23, 2026

LSEG agrees to buy Octus for $3.535 billion in credit-data push

The deal would expand LSEG’s reach in illiquid and private credit as it invests in proprietary data and workflow tools. Completion is expected in the first half of 2027, subject to regulatory approval.

Reporting draws on 2 named sources.

World Affairs · October 16, 2026

Trump waives key Russia sanctions and tariffs under Graham Act

The order preserves earlier Russia sanctions and cites a national-interest certification. On Sunday, Trump linked the waiver to peace talks, while his energy secretary and Rubio described the separate diesel arrangement differently.

Reporting draws on 8 named sources.

Business & Markets · October 14, 2026

Lisa Cook’s lawyer challenges White House inquiry over Nov. 5 hearing

The White House set a closed hearing to investigate mortgage-statement allegations and recommend whether there is cause to remove the Fed governor. Cook’s lawyer says the panel is not impartial and seeks a later appearance; neither the allegations nor the panel’s process have received a final ruling.

Reporting draws on 5 named sources.

Technology & Science · October 14, 2026

Japan-backed GlobalFoundries plan targets two New York chip fabs

The company says Japan will fund a first fab expected in 2029 and a possible second facility. Reuters separately reported U.S.-Japan ownership of the plants; project-level terms have not been fully detailed.

Reporting draws on 3 named sources.

Business & Markets · October 12, 2026

IMF nudges up growth forecast but warns energy and debt buffers are thinning

The October World Economic Outlook expects 3.1% growth in 2026 and 3.4% in 2027. The small upgrade depends on AI investment and assumptions about energy flows; the Fund says growth is increasingly concentrated and risks could still pull output lower.

Reporting draws on 4 named sources.

Business & Markets · October 12, 2026

Hall and Woodford win economics Nobel for work on stabilisation

The Royal Swedish Academy recognized research behind modern stabilization models, while emphasizing that better tools do not remove the uncertainty or trade-offs facing policymakers.

Reporting draws on 4 named sources.

World Affairs · October 9, 2026

Bipartisan senators challenge Russian diesel authorization

The senators' statement is a political and legal challenge, not a court ruling. A separate House effort remains a proposal, and available reporting still does not establish that Russian diesel has been delivered.

Reporting draws on 13 named sources.

Business & Markets · October 8, 2026

TSMC quarterly sales jump 50%, top July guidance

The quarter total comes from monthly sales reports. TSMC has not yet released quarterly profit, margins or a new outlook.

Reporting draws on 7 named sources.

Business & Markets · October 7, 2026

Fed minutes show most officials expected another rate hike this year

The newly released record shows unanimous support for September’s quarter-point increase and broad concern that inflation had stalled above target. It describes the September discussion, not a decision on the next move.

Reporting draws on 2 named sources.

Business & Markets · October 7, 2026

Weston family agrees to buy Boots in $8.9 billion deal

The agreement would give the Weston family’s Canadian holding company operational control, with Fairfax expected to own half the equity after closing. Regulatory and other conditions remain.

Reporting draws on 4 named sources.

Business & Markets · October 6, 2026

U.S. trade gap widens to $105.6 billion as imports jump

Imports rose $17.2 billion, led by industrial supplies and capital goods. The year-to-date deficit was still down 19.9% from the same period in 2025.

Reporting draws on 3 named sources.

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