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Business

HSBC Sees Gold Under Pressure Now, Optimistic for 2027

HSBC predicts short-term pressure on gold prices due to high crude oil prices, a strong US dollar, and fears of rising US interest rates. The bank has lowered its near-term forecasts. However, HSBC is positive about 2027, expecting gold to rally if the Federal Reserve raises rates less than the market anticipates. Central bank buying, institutional demand from India and China, and limited supply may support prices.

News18Hi Business·

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Health

Christa Pike Survives Failed Execution Due to Thrombocytosis

Christa Pike has regained consciousness and begun speaking nearly a week after her failed execution in Tennessee, which experts say is medically unprecedented. Pike's lawyers revealed she has thrombocytosis, a blood-clotting disorder, and small veins complicating lethal injection. Her legal team had challenged the state's execution protocol, citing these medical issues. Doctors are still working to clear the sedative from her system.

HT World·

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Politics

Rahul and Priyanka Gandhi Booked for Entering Akashvani Bhawan Without Permission

Delhi Police registered an FIR against Congress leaders Rahul Gandhi and Priyanka Gandhi Vadra along with their supporters for allegedly forcibly entering Akashvani Bhawan on October 6. This incident occurred during the opposition's march protesting against the Chief Election Commissioner, officials confirmed on Wednesday.

Business Standard··Delhi

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Business

RBI Hikes Repo Rate by 25 bps; Sensex and Nifty Fall

On October 7, Indian stock markets declined after the Reserve Bank of India raised the repo rate to 5.5%. The Sensex dropped by 529 points and the Nifty fell by 191 points. Global factors such as rising Brent crude prices and increasing US bond yields also influenced market sentiment, affecting investor outlook on equities.

Mint Markets·

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Technology

South Korean Megachurches Investigate AI-Linked Cyberattacks

Two South Korean megachurches are investigating suspected cyberattacks that may have compromised the personal data of hundreds of thousands of congregants. Evidence suggests that AI tools could have been used in these attacks, according to statements from the churches and a cybersecurity firm involved in the investigation.

ET Tech·

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World

Ukraine Drone Attack Causes Fire on Oil Tanker Near Sochi; 23 Indians Rescued

On October 6, 2026, Ukraine launched a drone attack on a Liberian-flagged oil tanker off the southern Russian coast near Sochi, triggering a massive fire and thick black smoke over the Black Sea. Russia confirmed the tanker was hit by naval drones, causing crude oil to burn openly. Firefighters could not control the blaze, but all 23 crew members, who were Indian citizens, were rescued safely. Sochi, a resort city of nearly 500,000, was affected by the smoke.

The Hindu··Sochi

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