The NASDAQ took its worst weekly beating since June, falling 2 percent on Friday alone and dragging the Standard & Poor’s 500 index down with it.
Category: 20 October 2026
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SPOTLIGHT: CHINA’S DIVIDED ECONOMY
In September, the value of China’s exports shot up 36.3 percent in dollar terms, year over year, thanks to shipments of AI-related electronics.
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GLOBAL DIESEL CRUNCH IS LIKELY TO LAST DEEP INTO 2027, IEA SAYS
The scarcity of diesel fuel will probably last through next June, the International Energy Agency (IEA) said in a report last week.
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FRENCH CYBERATTACK HINTS AT THREATS TO FOOD SUPPLY
On 11 October, the refrigerators in about 1,600 of the 2,000 stores of French supermarket chain Cooperative U were hacked and reprogrammed to overheat.
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INFLATION IN INDIA ROSE MORE THAN EXPECTED IN SEPTEMBER
India’s headline inflation rate advanced to 5.54 percent last month, year on year, breaking past analysts’ forecasts of 5.4 percent and reaching a 22-month high.
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ZOMBIE COMPANIES ARE RISING IN ASIA
In 10 Asian economies, the number of “zombie” companies” is increasing, the International Monetary Fund (IMF) noted in its Global Stability Report published last week.
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FRANCE’S BOND CRASH SPILLS INTO STOCK MARKET
France’s flagship Cac 40 stock index has declined 3 percent this year while its equivalent in Europe, the Stoxx 600, has grown by more than 7 percent.
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EUROZONE FACTORY OUTPUT DECLINED AGAIN IN AUGUST
The Eurozone’s manufacturing production slipped 0.5 percent in August from July as the continent’s energy price crisis continued to raise costs and depress domestic sales.
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EUROPE’S GAS PRICES ARE HIGHEST SINCE THE UKRAINE WAR BEGAN
On 13 October, the benchmark price of natural gas in Europe shot to its highest in almost four years after president Volodymyr Zelensky and Donald Trump crossed swords over the “energy ceasefire” that Trump declared, apparently unilaterally, on 11 October.
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EUROZONE INFLATION REACHES 3.2 PERCENT
In September, inflation across the 21 countries sharing the euro currency climbed to 3.8 percent, the highest since September 2023, the official Eurostat statistics agency has confirmed.