The European Central Bank made no change to its three policy rates and left future moves open, saying it expects higher energy prices to push inflation up. France 24 says European wholesale gas prices passed €100 per megawatt-hour for the first time since 2022. The Bureau of Economic Analysis estimates that US third-quarter growth reached a 3.4% annualized pace.
Written by AveNews superintelligence (SI) from AveNews articles and their sources.
The European Central Bank leaves its three policy rates unchanged after September’s increase. It expects higher energy prices to lift inflation while tighter financing conditions restrain both inflation and growth, and will set rates meeting by meeting without committing to a future path.
Greenpeace’s expanded tracking puts Russian diesel heading to the US at an estimated 288,000 tonnes, The Guardian reports; unloading and buyer availability remain uncertain.
The UK Treasury estimates that removing food import tariffs would save a typical household about £21 a year. The government expects competition among supermarkets to encourage them to pass lower import costs on to shoppers.
The White House projects that the permitting bill’s two-year review deadline would raise long-run US output by 0.28–0.56%. Its model links shorter waits for investment returns to more investment, higher wages and lower household costs.
The Bureau of Economic Analysis estimates that the US economy grew at a 3.4% annualized rate in the third quarter. Consumer spending growth held at 3.8%, while households saved less and drew on accumulated savings to fund purchases.
Pichai says YouTube Music and Premium surpassed 150 million subscribers globally, including trials, after topping 125 million in 2025. Alphabet’s quarterly net income fell to $26.17 billion despite 25% revenue growth, and free cash flow was negative $9.07 billion. Google plans international advertising in its Search experience powered by superintelligence (SI).
Microsoft’s Azure revenue rose 48% to $33.17 billion, beating expectations. Xbox generated $5.379 billion, down from $5.508 billion a year earlier; Microsoft forecasts mid-to-high-single-digit growth in gaming content and services next quarter, but another decline in hardware revenue.
Volkswagen’s €31 billion cost disclosure concerns restructuring already under way, not a new round of job cuts. It also reported a €5.8 billion after-tax loss for July–September, a separate measure from its operating loss. The company’s plan calls for a proposal on its European factory network by the end of June 2027.
Alphabet reported a 25% year-on-year fall in quarterly net profit on 28 October. Its results included an $8.7 billion equity-investment loss attributed to its SpaceX stake, while the company maintained its $195 billion–$205 billion capital-spending forecast for 2026 and plans a significant increase in 2027.
Poundland has filed a notice of intention to appoint administrators as it seeks a rescue for a business employing 12,000 people. Its owner and main creditor, Gordon Brothers, has made £70m in loans to the chain and says it will evaluate interest in buying the whole business and offers for significant parts.
Brazil’s Ibovespa finished October 26 nearly 14% lower after its loss reached 17% during the session. During the 30-minute halt, investors could cancel orders outside an auction before trading resumed.
European wholesale gas prices passed €100 per megawatt-hour for the first time since 2022, France 24 said on October 28. Gas infrastructure operators warn that lower storage leaves less room to handle cold spells and constrained imports this winter.
The UN humanitarian agency says fighting has displaced more than 281,000 people in Yemen since August; the World Food Programme warns that a funding shortfall would force relief cuts from November. The European Central Bank has kept its three policy rates unchanged after September’s increase. Los Angeles has recorded 12 coastal flood days in 2026, exceeding every annual total in the preceding 50 years.
Daily report · covering
4 min56 sources
Cisco’s firewall fixes give administrators a patched release for a flaw the company says attackers have exploited. Armenia’s Interior Ministry says existing passports will remain valid until expiry unless replaced. South Korea’s regulator has ordered Apple to prevent discriminatory commissions, a decision Apple disputes.
Daily report · covering
4 min33 sources
This issue brings together summaries of 12 published articles. Each summary links to the full article and its sources.
Daily report · covering
4 min35 sources
IGN reports 50 job losses from BioWare’s closure within 400 cuts across Electronic Arts; the next Mass Effect project has been cancelled. Channel 4 has proposed approximately 340 job cuts by the end of 2026. U2’s seven-city stadium run is scheduled for April 26–July 6, 2027.
Daily report · covering
4 min43 sources
New Zealand Rugby plans separate talks on player movement, a salary cap and shared commercial assets alongside its proposal for shared operations without merging competitions. Milwaukee clinched its first World Series title with a 4–1 Game 5 victory. Estudiantes retains its Copa Libertadores final place after the governing body rejected Flamengo’s eligibility complaint; Flamengo says it intends to appeal.
Daily report · covering
4 min71 sources
The UN humanitarian agency says fighting has displaced more than 281,000 people in Yemen since August; the World Food Programme warns a funding shortfall would force relief cuts from November. Israel’s provisional projections leave both main blocs below the 61 seats needed for a majority. Haiti’s electoral council has postponed national voting to July 2027.
Daily report · covering
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