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US Treasury Yields Drop from 2002 High as Oil Prices Stabilize

US Treasury yields fell from their highest levels since 2002 amid stabilizing oil prices and reassurances from Treasury Secretary Scott Bessent. Speaking in Pennsylvania, Bessent said government debt would be controlled soon through economic growth and spending restraints. Yields on 10-year notes dropped to 5.28%, and 2-year notes to 4.8%. Oil prices briefly fell due to increased supply through the Strait of Hormuz but later recovered.

Mint Markets··Pennsylvania

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World

Flydubai Co-Pilot Attacks Captain Causing Skull Fracture

During a flight crisis, Flydubai co-pilot attacked Captain Smit Machchhar with an axe, causing a depressed skull fracture. The captain underwent emergency surgery and is under close medical supervision in the UAE. The Indian embassy is supporting Captain Machchhar and his family through this difficult period.

Times of India·

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Politics

Punjab Govt Challenges CBI Probe into Bribe Syndicate in Supreme Court

Punjab Chief Minister Bhagwant Mann's government has approached the Supreme Court seeking urgent hearing to challenge a High Court order mandating a CBI investigation into corruption allegations. The High Court expressed concerns over alleged coercive actions by the CBI in Punjab. The state government argues that the investigation orders violate constitutional governance principles.

Times of India·

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Business

Paramount's $81B Warner Bros. Takeover Creates Skydance Media Giant

Paramount completed its $81 billion acquisition of Warner Bros. Discovery, forming a new media giant named Skydance. The merger combines iconic franchises like Bugs Bunny and SpongeBob with news brands such as Anderson Cooper and Gayle King. Skydance plans to unify streaming services, including HBO Max and Paramount+, into a single platform, though details on pricing and branding remain unclear. CEO David Ellison emphasized maintaining HBO's distinct brand identity.

Mint Companies·

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Politics

Madhya Pradesh Govt Bus Catches Fire Near Ujjain, Passengers Safe

A passenger bus operating under Madhya Pradesh's recently launched Mukhyamantri Sugam Parivahan Seva caught fire near Ramwas, about 15 km from Ujjain, on October 6, 2026. Around 40 passengers evacuated safely with no injuries. The private operator bus was part of the government’s public-private partnership service launched on September 25, flagged off by CM Mohan Yadav and Union Minister Nitin Gadkari.

The Hindu··Ujjain

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Politics

Rajasthan to Curb Fertiliser Hoarding and Black Marketing in Rabi Season

The Fertiliser Distribution Regulatory Task Force in Rajasthan has directed timely and full distribution of fertilisers allocated by the Centre for the upcoming rabi crop season. Farmers will receive uninterrupted supply based on demand. To prevent hoarding, black marketing, forced tagging, and illegal storage, 744 fertiliser inspectors have been deployed. Chief Secretary V. Srinivas assured no shortage of DAP and urea during the critical sowing period.

The Hindu··Jaipur

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