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BusinessPhoto: HT WorldFederal Reserve Chairman Kevin Warsh expressed doubts about the assumption that the AI boom is immune to interest rate hikes. The Fed held rates steady but may raise them in December. If AI-driven growth and stock-market-fueled spending are sensitive to rates, increases could cool the economy more than expected, especially amid high energy prices due to global conflicts.
HT World·
HealthPhoto: MintThe New World screwworm parasite was detected for the first time in Arizona, found in a dog in Cochise County, according to the US Department of Agriculture. Since June, 71 cases have been reported in the US, mostly in Texas and New Mexico. The parasite, which burrows into animal wounds, poses a threat to livestock and wildlife, raising concerns among ranchers as cattle shipments from Mexico resume.
Mint··Cochise County
PoliticsPhoto: News18 WorldUS Vice President JD Vance wrote to Iran’s security chief Mohsen Rezaei to revive peace talks and prevent a new US military offensive, directed by President Trump. The communication aimed to establish a negotiation framework amid stalled talks and concerns over renewed hostilities. The US also warned Gulf countries to prepare for a possible military campaign after November 3 midterms, though no final decision was made.
News18 World·
BusinessPhoto: Amar BusinessAt Jio Platforms' IPO listing, Managing Director Akash Ambani shared plans for the next decade focusing on AI, cloud computing, connected devices, and space-based connectivity. The IPO was fully subscribed in 95 minutes, the fastest for India, with demand exceeding ₹7.5 lakh crore and participation from over 13 crore Indians. Ambani emphasized creating value for customers and protecting investor wealth as the company grows.
Amar Business·
PoliticsPhoto: Amar UjalaThe Union Cabinet approved the Prime Minister's Developed Gram Swaraj Scheme (PMVGSY) with a budget of ₹7,395 crore to strengthen institutional capacity and governance at the local level. The scheme, chaired by PM Narendra Modi, will run from 2026-27 to 2030-31, benefiting over 2.55 lakh panchayats and around 32 lakh elected representatives and stakeholders. The central government will contribute ₹4,869 crore, and states ₹2,526 crore.
Amar Ujala·
SportsPhoto: News18Hi SportsAt the 2027 Women's Premier League auction, Uma Kashvi became the youngest female cricketer to secure a WPL contract when Delhi Capitals bid for her. She was bought at a base price of 10 lakh rupees. Kashvi's record-breaking contract highlights her early entry into professional women's cricket, surpassing Vaibhav Suryavanshi's age milestone.
News18Hi Sports·
HT World·
Photo: HT WorldFederal Reserve Chairman Kevin Warsh expressed doubts about the assumption that the AI boom is immune to interest rate hikes. The Fed held rates steady but may raise them in December. If AI-driven growth and stock-market-fueled spending are sensitive to rates, increases could cool the economy more than expected, especially amid high energy prices due to global conflicts.
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