Ninety-five nations are subsidizing energy bills in some way for their businesses and households, the Financial Times reported.
Category: 3 November 2026
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EUROPE’S PRICE OF NATURAL GAS REACHES FOUR-YEAR HIGH
Europe’s benchmark price of natural gas for November delivery rose to €100.95 per megawatt-hour on 28 October, equivalent to $112.64 and its most costly since December 2022 in the continent’s chaotic energy market following Russia’s attack on Ukraine.
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JUNK BOND MARKET CRASHES
A prolonged tailspin in the riskiest parts of the junk bond market is handing investors drastic losses and nudging overleveraged companies closer to failure, the Financial Times reported.
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THE U.S. TRUCKING INDUSTRY HAS HIT THE SKIDS
This year through October, 221 U.S. trucking firms have gone bankrupt under pressure from soaring diesel fuel prices and steadily rising insurance premiums.
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FIRST TIME IN THREE YEARS: U.S. RENTS RISE, HOME PRICES EASE DOWN
For the first time since 2023, the median selling price of a U.S. home has fallen, online brokerage Redfin reported.
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FED HOLDS RATES STEADY AS ELECTION NEARS
As many analysts had expected, the U.S. Federal Reserve chose not to alter its key interest rates at last week’s meeting, despite the Iran war’s fuel price shock driving prices higher across the economy.
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FOOD AND HOUSING TAKE ALMOST HALF OF U.S. HOUSEHOLD INCOMES
The cost of food and housing claimed 46.9 percent of U.S. household incomes in 2025, according to the Bureau of Labor Statistics’ (BLS) annual Consumer Expenditure Survey.
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U.S. GDP GREW MORE THAN EXPECTED IN THIRD QUARTER
The U.S. economy grew by 3.4 percent in this year’s third quarter, with inflation factored out, the commerce department reported.
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LULA USES BOLSONARO’S ‘NINE-FINGER’ DIG TO CLINCH ELECTION
Luiz Inácio Lula da Silva managed to turn an insult leveled by his election rival Flávio Bolsonaro last month into a powerful campaign moment that personalized the 80-year-old in the eyes of many Brazilians.
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BLAME-RUSSIA GAME: BULGARIAN PM SUSPECTS MOSCOW IS BEHIND DRONE ATTACK IN BLACK SEA
Rumen Radev, the Bulgarian prime minister, said last week that he believes Russia is responsible for Wednesday’s drone attack on a Liberian-flagged ship near his country’s coast, which NATO said was the fifth attack in an alliance member’s territorial waters.