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BusinessPhoto: HT World

AI Stocks Fall as Nasdaq Drops and Oil Hits Five-Month High

AI-related stocks declined sharply, contributing to global market losses as the Nasdaq fell 2.2% and the S&P 500 dropped 1.4%. The Dow Jones fell 0.6%. Oil prices rose to a five-month high amid concerns over the Iran war's impact on energy supplies. Investors worry about high costs for AI data centers and chips, expensive borrowing, and potentially overvalued AI stocks despite ongoing business growth.

HT World·

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PoliticsPhoto: The Hindu

Tenders Issued for Elevated Corridor from Lighthouse to Thiru Vi Ka Bridge

The Highways Department has called for consultants to prepare a detailed project report for an elevated corridor running from Lighthouse to Thiru Vi Ka Bridge. The corridor will pass via Santhome High Road, Greenways Road, and Durgabai Deshmukh Road. It will feature two lanes for the first 1.8 km and four lanes for the remaining stretch. The project is expected to take two years to complete.

The Hindu··Chennai

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PoliticsPhoto: News18 World

Armed Attack on Trade Gate 250 Sparks Truck Fires on Pakistan-Iran Border

Heavily armed men attacked Trade Gate 250 in Rimdan on the Pakistan-Iran border, torching dozens of trucks carrying fresh fruit. The assault caused multi-million-rupee losses for regional merchants amid ongoing trade disruptions. Intense firefights broke out between attackers and security forces, causing panic and emergency responses. The attack worsens an already fragile trade situation with severe bottlenecks and financial losses in Balochistan's import-export sector.

News18 World··Rimdan

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BusinessPhoto: ET Tech

Meta and Tech Giants Face High Costs for AI Expansion

Meta Platforms and other leading tech companies saw investor sell-offs after Meta announced plans to issue a new class of shares to raise funds. This move highlights the steep expenses involved in building data centers and infrastructure to support the growing AI industry, impacting major players in the AI trade.

ET Tech·

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TechnologyPhoto: Economic Times

RBI Advises Banks on Cybersecurity Measures Against Attacks

The Reserve Bank of India (RBI) has instructed financial institutions to enhance cybersecurity by removing management and administrative interfaces from public internet access. It mandates multi-factor authentication for administrative access and restricting cloud and backend system access on a least-privilege basis. RBI also requires auditing of source code, repositories, configuration files, client applications, and cloud storage for exposed credentials, with immediate rotation and purging of compromised credentials.

Economic Times·

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HealthPhoto: Hindu Health

France Reports First Human Case of Shamonda Virus, No Public Health Risk

French health authorities announced the first human case of the Shamonda virus, previously known only to affect livestock in Africa and Asia. The virus was detected in a severely immunocompromised patient who died earlier in October 2026. The Health and Agriculture Ministries stated there is no health risk to the general public, describing the case as exceptional.

Hindu Health··Paris

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