Someone used stolen AI API keys to generate nearly $1 million in charges for a single company. An API key is a secret code that lets a program use an online service. The story shows how quickly misuse of a stolen key can turn into a very large bill for the victim.
Quick glossaryAPI keys
API keys
A secret code that lets an app or program use an online service, usually one that costs money to use.
A new warning says AI-powered malware is highly likely to be used to hack UK infrastructure by 2028. This threat targets the basic systems that keep the country running. It shows that defences need to improve as attackers start using AI tools.
Quick glossarymalware, infrastructure
malware
Harmful software written to secretly damage, spy on, or take control of computers and devices.
infrastructure
The basic systems a country needs to run, such as power, water, transport and communications networks.
Website builder Squarespace says it is cutting 19% of its employees. The company describes the job losses as part of a broader restructuring of its organization. The details shared here cover only the layoffs and the restructuring behind them, with no further reasons given.
Quick glossarySquarespace, restructuring
Squarespace
A website builder company known for helping people create and host their own sites online.
restructuring
A major reshaping of how a company is organised, often including changes to its staff and teams.
Some software developers are deliberately using less powerful AI settings, and they report that the approach is working. The story looks at why people would pick a weaker tool over the newest one. It is a useful look at how AI is used in everyday coding work.
Quick glossaryAI model, developers
AI model
A computer program trained on large amounts of data to understand and generate text, images or code.
developers
People who write the code that builds software programs, mobile apps, websites and other digital tools.
Anthropic, the company behind the Claude chatbot, has disclosed about $900 billion in future AI spending commitments as it prepares to go public. The figure shows how much computing power and infrastructure the firm has promised to pay for in coming years, which is a big bet on demand for its AI services.
Alphabet, the parent company of Google, is reportedly in talks to acquire Howie AI, a startup that builds an AI assistant. The talks have not been confirmed as a finished deal. Such purchases show big tech firms adding AI helpers to their products by buying smaller teams that already have the technology.
Quick glossaryAlphabet, acquire, AI assistant
Alphabet
The parent company of Google, best known for its Search engine, Android phones and YouTube video service.
acquire
To buy a company or a large share of it so that it becomes part of your own business.
AI assistant
A software program that can understand requests in plain language and carry out tasks, like setting reminders or answering questions.
Anthropic has warned that it is very close to reaching recursive self-improvement, or RSI. This is the point where AI gets so good at training itself that its progress speeds up sharply. Some AI doomers see RSI as a turning point with no way back. The claim is a warning from the company itself, not a proven result.
Quick glossaryAnthropic, RSI, AI doomers
Anthropic
Anthropic is an AI company based in the US, best known for its Claude chatbot.
RSI
A stage where an AI improves its own training so quickly that its progress keeps speeding up.
AI doomers
People who believe advanced AI could cause disaster for humanity and who strongly worry about the risks of the technology.
A new report, from State of AI, looks at how much businesses use AI in 2026, how much they spend on it and what returns they get back. It offers a snapshot of where AI adoption now stands across the sector.
Quick glossaryState of AI, returns, adoption
State of AI
The source behind the report; the story gives no other details about this organisation.
returns
The profit or benefit a business gets back from the money it put into something new.
adoption
The act of many people or businesses starting to use a new product or method.
OpenAI has introduced LifeVal, a new way to measure how much AI is improving on tasks that matter in everyday life. It gives a clearer picture of whether AI is genuinely useful for ordinary people, not just in labs. Measuring AI progress this way helps readers judge what these tools can really do.
Quick glossaryOpenAI, LifeVal
OpenAI
A US AI company best known for ChatGPT, a chatbot that answers questions and writes text.
LifeVal
A new scoring method from OpenAI for checking how well AI handles everyday tasks people face.
A new benchmark called CloudOpsBench tests AI models on cloud infrastructure tasks. According to its listing, many models struggle with this work. The test gives builders a clearer view of where AI still falls short when running the systems that power websites and apps.
Quick glossarybenchmark, cloud infrastructure
benchmark
A standard test used to measure and compare how well different AI systems perform on a task.
cloud infrastructure
The behind-the-scenes servers, storage and networks that run websites and apps for companies over the internet.
Google DeepMind has shared work on using AI to speed up building planning decisions. The blog post points to a way AI could help officials and builders reach decisions faster. The source is a short post with few details, so the exact method is not explained here.
Quick glossaryDeepMind, planning decisions
DeepMind
Google's London-based AI research lab, best known for AlphaGo, the program that beat top Go players.
planning decisions
Official approvals that decide whether a building project, such as a new house or office, is allowed to go ahead.
Engineer Venkatesh Rao compares fears of AI job losses to mercantilism, an old system where intelligence is treated as a scarce resource that powerful people want to control. He argues that AI could instead raise demand for human thinking, much as early capitalism led people to voluntarily work more.
Quick glossaryThe Decoder, Mercantilism
The Decoder
A tech news website that publishes articles and analysis about artificial intelligence and related technology.
Mercantilism
An old economic idea that a country grows rich by collecting gold and tightly controlling its trade with others.
A new report says that AI models trained on personal data can sometimes reveal details they memorised, even when the data was labelled anonymised. Researchers say such details could help someone identify individuals and build profiles of them. The piece raises a concern about how well anonymous data stays private once an AI model has learned from it.
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Concerns about AI and privacy often centre on whether personal data used in training can be pulled back out later by clever questioning. Anonymising records is one common safeguard, but it may not be a complete shield.
OpenAI has named Dan Driscoll, a former US Secretary of the Army, to a senior role. He will focus on modernising national security and work on AI initiatives with various partners. Driscoll previously took part in diplomatic discussions, and the move shows AI firms building closer ties with government and defence work.
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Context: OpenAI makes ChatGPT and is among the biggest AI firms, and governments worldwide are weighing how AI fits into defence and security. The US Army Secretary is the civilian head of the army, so this hire ties the company closer to military planning.
Apple is about to release a touchscreen MacBook Pro, the headline says, along with four more devices. The story is about new Apple laptop and device launches, and whether touch screens suit laptops.
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Context: Apple's Mac laptops have long used trackpads and keyboards rather than touchscreens, so a touch model would be a notable shift. The MacBook Pro is Apple's main high-end laptop range, widely used by professionals and students.
Elon Musk has warned that the cost of running Grok's AI agents is unsustainably high compared with its revenue. Users report hitting weekly usage limits faster than before. Grok has about 800,000 paid weekly users, and questions remain about its costs, pricing and future limits.
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Context: Grok is the AI chatbot built by Elon Musk's xAI and offered through the X platform. Running advanced AI models takes heavy computing power, which is why many chatbot makers limit how much people can use them.
Finance Minister Nirmala Sitharaman has set up a high-level panel. Its job is to assess what India's banks need for Viksit Bharat, the government's vision of a developed India.
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Viksit Bharat is the government's long-term goal of making India a developed nation by 2047. Banks are central to lending for homes, businesses and farms, so their strength shapes the wider economy.
Finance Minister Nirmala Sitharaman said the government will consider calls to review long-term capital gains tax for overseas investors. She said circumstances have changed, so concerns are now louder. Reports say the government has received suggestions to review these levies. No decision has been announced yet.
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Context: Long-term capital gains tax is charged on profits from selling assets held for a long time, such as shares. Foreign investors put money into Indian markets, so changes to this tax can affect how much they invest.
The Centre plans to change how minimum support prices work for minor forest produce, such as items collected from forests. The aim is to give periodic price hikes that help tribal communities who depend on this produce. TERI, a research body, has been asked to study the current MSP framework and assess possible changes.
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MSP, or minimum support price, is a floor price the government sets so sellers are protected when market prices fall. Minor forest produce covers items like honey, tendu leaves and gum that forest dwellers collect, and many of them come from tribal families.
Saint-Gobain and IIT-Madras plan to set up modern research labs. The news says the labs will support research work, and no other details are given yet.
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Saint-Gobain is a French company that makes building materials like glass and construction products, and IIT-Madras is one of India's top engineering institutes in Chennai. Such industry-campus labs are a common way for firms to tap academic research talent.
The U.K. has finalised a softer immigration overhaul on November 2. Under it, social care workers earning at least £25,000 a year who arrived before May 2025 could get indefinite leave to remain after five years, which means permanent residency. It applies to those already in the country before that date.
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The U.K. has debated migration for years and faces a shortage of care staff for older and disabled people. Indefinite leave to remain is a settled status that lets a person live and work there without a time limit on their visa.
M.Y. Tarigami says people still face trouble getting CID clearance even after court rulings in their favour. He said some accused people died many years ago, yet their past still affects their families, shutting out younger members from opportunities through no fault of their own.
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CID, the police Criminal Investigation Department, runs character checks that are often needed for government jobs in Jammu and Kashmir. Past cases can therefore follow families for years.
The government is talking to seed and fertiliser companies about easing rules that slow down their work. Officials are looking at updating the Seeds Act, 1966, so it fits modern farming technology. Industry representatives have raised delays in getting approvals, which the consultations aim to address.
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Context: The Seeds Act, 1966 is India's main law on seed quality and sale, and it predates many modern farming methods. Fertiliser makers, like seed companies, depend on licences and approvals to bring new products to farmers.
New grievance redressal rules for the VB-G RAM G scheme set up a multi-tier complaint system at the gram panchayat, block and district levels. Designated officers will receive, register, inquire into and dispose of complaints. Inquiries must be completed within a 15-day deadline, and the rules apply across these three tiers.
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Context: VB-G RAM G is the rural employment law passed in 2025 that replaced MGNREGA, the earlier scheme guaranteeing work to rural households. Gram panchayats are village-level councils.
The government is reviewing customs duty concessions on 118 products that are set to expire. Ministries and industry stakeholders are giving their views on these exemptions. Goods under review include materials for power projects, and the review is part of work linked to Budget 2027.
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Context: Customs duty is a tax on imported goods, and exemptions are temporary breaks that are often reviewed before they are renewed. Budget 2027 is the Union Budget the government prepares for the coming financial year.
Premiums for benchmark silver plans on Obamacare, the US health insurance marketplace, are projected to rise 13% in 2027. The increase follows the expiry of enhanced federal subsidies and changes to eligibility rules. Many Americans could face higher costs or switch to cheaper coverage.
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Context: The enhanced subsidies were added in 2021 to make Obamacare plans cheaper and were later extended, so their expiry removes that support. Obamacare is the nickname for the Affordable Care Act, the US law that created these marketplaces for people without job-based cover.
The Supreme Court said that a marital dispute on its own is not a valid ground for ending a pregnancy. The point is that marital problems alone are not enough under the court's view.
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The Medical Termination of Pregnancy Act sets out the grounds on which a pregnancy can be ended in India, and courts often interpret those limits. Here the question is whether personal family strife counts as one of them.
Petrol and diesel prices in Delhi, Mumbai and Bengaluru were listed for November 3. A Finance Ministry notification says the export duty on petrol was cut to zero from ₹2.50 per litre under a revised structure effective October 31. This duty is charged on fuel exported, so it is a separate charge from the retail price drivers see.
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Export duty is a tax on fuel sent out of India, and the government changes it from time to time. Pump prices depend on several factors, including crude oil costs, taxes and local levies, which is why they vary by city.
The Supreme Court has said people should not fly, as the headline reports that air fares have gone up by 700%. The report does not give the reason or the period for the increase.
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Context: The Supreme Court is India's highest court, and its remarks often push governments and regulators to act. Airfares in India are set by airlines and can change quickly with demand, fuel costs and airline capacity.
Prime Minister Narendra Modi said that investment in renewable energy helped cushion the blow from the Iran war. The headline links India's clean energy push to the economic effect of the conflict.
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India imports most of its crude oil and much of its gas, so conflict in West Asia can push up fuel and power costs. Shifting to solar and wind lowers that exposure over time.
Toxic haze coming from Indonesia is worrying people in Singapore and Malaysia. Their governments are caught between anxious citizens and an irritable neighbour, which makes responding politically difficult. The haze is becoming a headache for officials across the region.
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Indonesia's haze typically comes from fires used to clear land, mainly on Sumatra and Borneo, which drift across the Strait of Malacca. The smoke has returned most dry seasons for decades, and neighbours have repeatedly pressed Jakarta to act.
NASA's Swift space telescope is expected to fall back to Earth this week, according to reports. It is a space observatory that is now close to re-entering the atmosphere.
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Context: Swift is a NASA space telescope launched in 2004 to study gamma-ray bursts. Most old satellites slowly lose altitude over time and re-enter the atmosphere, and most of their parts burn up before reaching the ground.
Delhi's air quality is forecast to stay in the Very Poor category in the coming days, according to the Commission for Air Quality Management (CAQM). The spike comes just before Diwali, and GRAP Stage II restrictions have started to apply. The CAQM has asked government agencies and citizens to take steps to reduce pollution.
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Context: GRAP is the Graded Response Action Plan, a set of steps that gets stricter as Delhi-NCR's air worsens. Winter smoke from crop burning in neighbouring states and Diwali fireworks often push readings up each year.
The Supreme Court has allowed certified green firecrackers in Delhi-NCR on November 7 and 8 only. Bursting is capped at three hours a day, and areas such as hospitals and schools will be declared no-cracker zones within 300 metres. The order sets firm rules for the festival period for residents across the region.
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Context: Delhi-NCR often sees severe winter air pollution, and firecrackers are a major contributor around Diwali. Green crackers are certified versions meant to release fewer pollutants, and courts have repeatedly tightened limits on them.
Australia's Glenn Maxwell has announced his retirement from international cricket after 14 years in the game, several outlets report. He was a well-known all-rounder whose big-hitting style made him popular in limited-overs cricket. Such announcements are usually followed by questions about who will fill his role in the team.
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Maxwell became known for aggressive batting in limited-overs formats such as ODIs and T20s, and for match-winning innings in tough chases. Many players who retire from international cricket keep playing in franchise leagues such as the IPL, which Indian fans follow closely.
Garmin's senior executives explained how the company made a smooth nano-molded titanium case for its top watches. The case is used on the Fenix 9 Pro and the new Marq Gen 3 range, which reviewers have rated highly.
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Context: Garmin is a well-known maker of sports and outdoor watches used by runners, cyclists and hikers. Titanium is a light, strong metal, so a better way to shape it can mean a sturdier and more scratch-resistant watch.
E-sign is coming soon for judges of SIR tribunals. Judges will also be able to upload bulk orders on the portal.
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Context: SIR refers to the Special Intensive Revision of voter rolls, a large exercise that has led to many appeals before tribunals. E-sign lets judges sign orders digitally instead of on paper, which can speed up the process.
The Maharashtra government has set up a panel to plan drought mitigation and approved ₹291.91 crore in relief for farmers hit by floods. The steps follow weak rainfall in parts of the state in 2026. Drought has been declared in certain talukas under the Kharif season's Trigger-1 assessment.
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Context: Kharif is the monsoon-season crop cycle in India, and states often declare drought in local areas when rainfall falls short. Relief money usually goes to farmers whose crops or incomes were hit.
A BBC feature profiles men and women who go through commercial bins to collect clothes and other items. It describes how these people are saving hundreds of pounds by taking what others have thrown away. The piece focuses on their everyday routines and the items they find.
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Context: Dumpster diving means searching through discarded items in bins, often by people looking to cut their spending. Commercial bins belong to shops and businesses, so the rules about taking items can differ from place to place.
Economic Times has released a Morning Brief podcast episode titled The Cancer Drug Price Trap. The episode focuses on the cost of cancer drugs, as the headline suggests.
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Context: Cancer treatment can be very expensive, and many Indian families pay a large share of the bill themselves. Drug prices are shaped by patents, which give companies exclusive sales rights for a period, and by cheaper generic versions.
In the India A vs New Zealand A Test, New Zealand A finished its first innings on 424 after being 338 for eight. Its last two wickets added 86 runs, giving the hosts a useful lead over India A, who had scored 346 in their first innings.
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Context: India A and New Zealand A are the development teams of their countries, where young and fringe players get match practice. A first-innings lead matters because it can help decide who wins a Test, though the result is still open.
British woman Beth Jenkins was first told she had anxiety, but her symptoms turned out to be breast cancer. Her cancer was initially missed after she was considered too young to have the disease, a delay she has described in her account.
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Breast cancer is the most common cancer among women in India, and doctors advise checking new lumps or changes at any age. Symptoms that look like anxiety or stress can overlap with other conditions, so persistent symptoms deserve a proper check.
Maharashtra's food regulator, the FDA, has seized food stock worth about Rs 9 crore in a crackdown. Patanjali ghee is among the items taken. The report does not give the full reason for the seizure. Such checks are part of ongoing enforcement to keep food sold in the state safe and properly labelled.
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Context: The FDA is the state body that checks food quality and labelling, and stock seizures like this usually follow inspections of whether products meet safety rules.
Thousands of European troops will rehearse a possible deployment to Ukraine, in case a peace deal is reached. Western officials say any force sent would not take part in offensive operations. The drill depends on whether a peace agreement is reached first.
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Context: Russia invaded Ukraine in February 2022, and the war has continued with peace talks starting and stopping. European leaders have discussed security guarantees for Ukraine if fighting ends.
The US Supreme Court on Monday rejected Donald Trump's push for California to set aside thousands of mail ballots. The court turned down the request, which would have set aside a large number of votes cast by post. The ruling settles that request at the highest court level.
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Context: Mail ballots are votes sent by post, and US states set their own rules for counting them. The Supreme Court is the top US court, and its rulings on election disputes draw close attention in the run-up to big votes.
World of Warcraft: Forever will launch worldwide on November 4, 2026, at 3PM PST, at the same time everywhere. The local release time changes by region. The game is set after Warcraft III Reforged: Forsaken Kingdom, according to the report.
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Context: World of Warcraft is a long-running online fantasy game, and it grew out of the Warcraft series of strategy games from the 1990s. For Indian players, 3PM PST on November 4 falls at about 4:30AM IST on November 5.
Cyclone Murasu began making landfall around 1 am on Wednesday, and heavy rain has battered the Andhra Pradesh coast. Officials and residents in coastal districts are now dealing with strong winds and flooding risks as the storm moves inland.
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Context: Cyclones form over warm seas and often bring heavy rain and wind to India's east coast during the October to December northeast monsoon. The storm was first reported as nearing the coast, so this landfall is the stage when damage is most likely.
Kimi Antonelli has become Formula 1's youngest champion at just 20 years old. The season brought early self-doubt and fierce competition from teammates. He turned his season around with a breakthrough moment. The title is a historic milestone in the sport's history.
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Context: Formula 1 champions are decided across a full season of races, with points awarded for each finish. Before this, Max Verstappen held the record as youngest champion, winning his first title at 24 in 2021.
Voters have criticised Benjamin Netanyahu for his flawed conduct, yet they appear willing to give him another chance in the Knesset elections. The outcome is being described as anti-climactic. Coverage frames the vote as a muted affair, where public anger at his conduct did not turn into a clear rejection of him.
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The Knesset is Israel's parliament, and its elections decide who can form a government. Netanyahu has been a dominant figure in Israeli politics for much of the past three decades, so voters' verdict on him shapes the country's direction.
Supreme Court Justice PS Narasimha has stepped away from a plea on the Memorandum of Procedure for judicial appointments. The NGO Lok Prahari filed the plea, asking for the procedure, pending since 2015, to be finalised and for Collegium decisions to be brought under the RTI Act.
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Context: The Collegium is the body of senior judges that recommends appointments and transfers of judges, and the MoP sets out how that works. The RTI Act lets citizens ask for public information, so the plea is part of a debate on judicial transparency.
Bihar Chief Minister Samrat Choudhary has appealed for free electricity to be given up, and the appeal has sparked a political row. Opposition leader Tejashwi Yadav has been repeatedly criticising the NDA government, saying it is on the verge of bankruptcy.
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Context: Tejashwi Yadav leads the Rashtriya Janata Dal, the main opposition party in Bihar, while the NDA alliance governs the state. Free electricity is a popular welfare promise, so any change to it touches many households.
A row has erupted after the Scottish government sent an IT contract to Bengaluru to run a welfare payment. No details beyond the headline are available in this story.
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Context: Governments in Britain often use private IT firms to run public services such as welfare payments. Sending such work to India has become a debated topic, because it raises questions about where public jobs and data are handled.
US Secretary of State Marco Rubio met his Venezuelan counterpart on November 2, one of the highest-level meetings between a senior Trump administration official and acting President Delcy Rodríguez's government. Washington is pressing for progress on election preparations in Venezuela.
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Venezuela has been in political crisis since a disputed 2024 presidential election, which the opposition said it won, and relations with Washington have been strained for years.
The United States has decided to take Rwanda and South Africa off a US trade deal. The announcement came only about a week after the US Treasury imposed sanctions on Rwanda's defence ministry. The change will affect how goods from both countries are treated under US trade terms.
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Context: The deal is likely the African Growth and Opportunity Act, a long-running US programme giving duty-free access to eligible African exporters. Rwanda's defence ministry was hit with US Treasury sanctions just before this news, and South Africa is one of Africa's largest economies.
India will host foreign ministers from Indian Ocean Region countries later this month. The meeting comes as energy supply is under strain from the conflict in West Asia, and talks will focus on predictable supply chains and steady energy flows.
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IORA, the Indian Ocean Rim Association, is a grouping of countries around the Indian Ocean formed to boost cooperation on trade, security and other shared areas. Gulf energy matters to India, which imports much of its crude oil, so supply worries can reach fuel prices.
A court trial in the US is examining claims that social media apps, including Snapchat, can cause depression, anxiety and eating disorders. Thousands of lawsuits have been filed in federal and state courts by individuals, school districts and local governments. The plaintiffs allege that companies knowingly sought to addict children to their platforms.
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Context: These cases are part of a wider push in the US and elsewhere to hold tech firms responsible for young users' wellbeing, and Australia has also moved to restrict teen social media use.
Petronet LNG reported a 52.3% rise in net profit in its latest results. The company also declared a dividend of ₹7 per equity share. It is also in talks to take up LNG cargoes that were undelivered earlier.
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Context: Petronet LNG is one of India's biggest importers of liquefied natural gas, which is used for cooking gas, power and fertiliser plants. Its cargo deliveries depend on global LNG supply and shipping schedules.
A legal challenge to Australia's social media ban for under-16s is set to begin in the High Court. A rights group will argue that the world-leading policy takes away young people's right to free communication. The case will test whether the ban can stand under the law.
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Context: Australia passed a law in late 2024 barring under-16s from holding social media accounts, and it took effect in December 2025. The High Court decides whether the law fits with the country's constitution.
A committee is working out how government spending should be measured and judged. If it succeeds, Tamil Nadu could show other States a practical way to reform how public money is spent. The piece argues the state could set a useful example, but the outcome still depends on the committee's work.
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Expenditure reform means changing how governments plan, track and judge their spending so public money gets better results. Indian states often try new approaches and watch each other, so one state's success can shape others' policies.
The Central Reserve Police Force, known as CRPF, has recorded no operational deaths in a whole year. This is the first such year in 47 years.
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The CRPF is one of India's largest central armed police forces, deployed for internal security, anti-insurgency operations and other duties across the country. Operational deaths are a constant concern for such forces, so a year without any is notable.
A list of sky events for November 2026 says three meteor showers and a Beaver Supermoon are coming. The Telangana Today report says the sky show will light up Hyderabad skies in November and December. Viewers can plan to look up on these nights to see the events.
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Context: Meteor showers happen when Earth passes through dust left by comets, and the Taurids and Leonids are two well-known yearly showers. A supermoon is a full moon that appears slightly larger because it is near the Moon's closest point to Earth.
India's manufacturing activity slowed in October, as the pace of growth in new orders dropped from the previous month. The sector still stayed above its long-run average, helped by stronger demand from overseas buyers. Around 18% of manufacturers expect an increase in the coming period.
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Context: This monthly survey is closely watched because a reading above 50 signals expansion, so a slowdown can still be positive news if activity stays above that line.
The 2026 US midterm election campaign is projected to cost nearly $12 billion, which the headline describes as the most expensive ever. BBC Verify is looking into where all that money has come from. Midterms are elections for seats in Congress, held halfway through a president's term, so the spending figures show how costly political campaigns have become.
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Context: US midterms are held every four years, halfway through a president's term, and voters choose all House seats and about a third of the Senate. Campaign costs have risen steadily over recent cycles as candidates and groups compete for voters.
Some people are calling for stronger defence of the Shetland Isles, off Scotland. The call follows more sightings of Russian trawlers near the coast. The report links the calls to a rise in these sightings, and no further details are given in the headline or blurb.
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Context: Shetland is a group of islands north of mainland Scotland, close to busy North Sea and Atlantic shipping routes. Since Russia's invasion of Ukraine in 2022, Western countries have watched Russian naval and fishing vessels in northern waters more closely.
US yields on the 10-year Treasury note and the 30-year bond were on track for a third straight fall. Investors were waiting for the November 3 US midterm elections. The yields had hit their highest levels in October. Bond prices and yields move in opposite directions.
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Context: US Treasury notes and bonds are loans the US government borrows through, and their yields help set interest rates across the world. The US midterm elections choose members of Congress halfway through a president's term.
Darius Khambata is leaving Tata Trusts and will not seek re-appointment to two of its trusts. He said independence comes at a cost. A separate report says he feels Tata Sons' reputation has been damaged. The exit comes amid an ongoing dispute between Tata Sons and the trusts that hold a large share of it.
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Context: Tata Trusts are charities that hold a large stake in Tata Sons, the parent company of the Tata Group, so leadership disputes there draw wide attention in India's business world.
China's factory activity showed slower growth for the first time since July. The RatingDog manufacturing purchasing managers index fell to 52 from September. Output still increased, but new export orders declined, a sign that overseas demand is softening. A reading above 50 still signals growth, but the slowdown is clear.
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China is the world's largest factory base and a major exporter, so its manufacturing data is watched closely as a signal of global demand. A PMI above 50 means expansion, while a reading below 50 means contraction.
Sudarshan Venu's family trusts have secured ₹825 crore by pledging TVS shares, to buy an extra stake in TVS Holdings. The purchase will take Sudarshan's stake to 73.35%, increasing family ownership. Funding comes from JM Financial Products and JM Financial Credit Solutions. Share pledges mean the shares are used as security for the funding.
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Context: TVS Holdings is a family holding company in the TVS group, which owns Indian auto firms such as TVS Motor. Stake deals inside family groups often shape who controls major Indian companies over time.
Bhutan's King has dedicated Stupa number 76 to Prime Minister Narendra Modi, during a ceremony consecrating 108 stupas in Gelephu Mindfulness City. Union minister Kiren Rijiju attended and conveyed thanks on Modi's behalf, calling it a huge honour for India.
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Bhutan and India have long close ties, and Bhutan is a small Himalayan kingdom that treats Buddhist sites as a key part of its identity. Stupas are Buddhist dome-shaped monuments, and dedicating one is a religious and symbolic honour.