Day News Recap: Russia intensifies strikes as Middle East tensions, UK security warnings and IMF downgrades mount
Russia intensified its campaign against Ukraine with missile and drone strikes on Kharkiv and the Lviv region, killing three civilians in Kharkiv after a residential building collapsed, while Kyiv was also hit by ballistic missiles and President Volodymyr Zelenskyy said allies gave no warning before the attack. 🔗 🔗Ukraine said it would pause strikes on Russian oil refineries and other energy infrastructure for two days, in a move meant to create space for a proposed ceasefire, even as Russia continued to hit power infrastructure inside Ukraine. 🔗In the Black Sea, Bulgarian authorities said a drone attack off their coast struck... [Continue Reading]
360LiveNews Recap | 13 Oct 2026 18:23 LONDON
Sponsored
Russia draft budget raises defence and security to record 44% of federal spending
Russia's parliament is due to begin examining a draft budget for 2027 to 2029 that would allocate a record 44% of federal spending to defence and security. The proposal comes as the Kremlin continues to prioritise military outlays during the war in Ukraine, now in its fifth year. The State Duma is scheduled to start reviewing the draft on 22 October.The draft would give defence and security roughly twice the share assigned to social programmes, according to the figures in the budget plan. Military expenditure this year has already reached 17 trillion roubles, compared with 12.1 trillion roubles originally budgeted,... [Continue Reading]
360LiveNews | 13 Oct 2026 17:02 LONDON
IMF warns of elevated AI and cyber risks to global financial system in Bangkok
The International Monetary Fund has warned that elevated risks linked to artificial intelligence and cyber threats could trigger a sharp tightening of financial conditions and market turmoil. The warning was set out in the fund's latest Global Financial Stability Report, released during the second day of its annual meetings with the World Bank in Bangkok. The report said an AI-related market correction and severe cyber incidents are plausible near-term catalysts for disruption.The IMF said the recent boom in artificial intelligence, together with heavy investment in semiconductors and data centres, has supported global growth. It also cautioned that growing evidence suggests... [Continue Reading]
360LiveNews | 13 Oct 2026 07:32 LONDON
Iran says oil intermediaries owe billions amid sanctions pressure
Iran says a network of oil intermediaries handling past oil sales owes the government between 10 billion euros and 11 billion euros, in a dispute that has drawn fresh attention to the country's sanctions-hit energy finances. The claim was set out by a spokesperson for the judiciary in September and is now being linked by officials and analysts to the strain on Tehran's oil revenue collection. The debt is described as equivalent to about half of the oil revenue projected in Iran's budget for the current fiscal year.The intermediaries are part of a system Iran developed in 2012 after American... [Continue Reading]
360LiveNews | 12 Oct 2026 23:03 LONDON
Sponsored
Australia Labor touts $630 million charity funding boost and pay rises for care workers
Australia's Labor government is highlighting a $630 million funding boost for charities alongside planned pay rises for health, disability and community service workers. The policy update was being promoted in Canberra on Monday as part of the government's domestic agenda. It comes amid wider parliamentary debate on several other issues, but the funding announcement itself is the main confirmed development.According to the supplied material, the government is presenting the package as support for the charity sector and for workers in care-related fields. The row does not give a start date for the funding or the pay rises, nor does it... [Continue Reading]
360LiveNews | 12 Oct 2026 21:33 LONDON
Taiwan president says defence spending boost aims to deter war on National Day
Taiwanese President Lai Ching-te used the island's National Day address in Taipei to say Taiwan will not give up its freedom and will not accept subordination. Speaking outside the Presidential Office before thousands of people, including foreign diplomats, he said the government's aim in increasing defence investment was to deter war, not provoke it. Fighter jets and two Chinook helicopters carrying large Taiwan flags flew over the capital ahead of the speech.Lai said Taiwan "cherishes peace" and is open to exchanges, but warned that tolerance cannot become a pretext for aggression. He said China continued to apply pressure through military... [Continue Reading]
360LiveNews | 10 Oct 2026 06:30 LONDON
Russia plans sharp cut to cancer care funding in 2027 draft budget as defence spending rises
Russia's draft federal budget for 2027 proposes a steep reduction in funding for the national cancer programme, according to the supporting material. The programme would fall from 44.9 billion roubles to 3.87 billion roubles if the draft is approved, a cut that would leave only a fraction of current support in place. The proposal comes as defence spending reaches its highest share of the budget since the collapse of the Soviet Union.The figures indicate that federal cancer spending would be reduced far more sharply than in previous years. The programme received 148.5 billion roubles in 2025, meaning the proposed 2027... [Continue Reading]
360LiveNews | 09 Oct 2026 07:00 LONDON
Trump pushes fuel-cost relief as US midterms approach
Gasoline and diesel prices in the United States have more than doubled since the conflict between the US and Israel with Iran began in February, according to the supplied report. The rise has added pressure on transport businesses, farmers and ordinary drivers at a time when affordability is dominating the political debate ahead of the midterm elections. President Donald Trump has responded with a series of comments and announcements aimed at lowering fuel costs, including a waiver on the use of red dye diesel announced at a campaign stop this week.The report says the political stakes are high because voters... [Continue Reading]
360LiveNews | 09 Oct 2026 06:33 LONDON
Sponsored
US aircraft losses in Iran war rise to at least 81, CBO says
A Congressional Budget Office report says at least 81 United States military aircraft have been lost or damaged during Operation Epic Fury, the American campaign against Iran. The estimate covers fighter jets and drones and puts the cost of the losses at between $1.9bn and $3.3bn as of August 1. The figures add a new measure of the material cost of the conflict, which is now in its eighth month.The report, released on Monday, is described as a nonpartisan government assessment of budget-related issues for the legislature. It lists 12 F-15E Strike Eagle fighter jets, one F-35A Lightning II jet... [Continue Reading]
360LiveNews | 08 Oct 2026 21:30 LONDON
G7 to release 100 million barrels of emergency oil and diesel stocks amid shortage
The Group of Seven has agreed to release 100 million barrels of oil and diesel from emergency stockpiles over four months in response to tightening fuel supply. The move is aimed at easing diesel shortages that are pushing up transport costs and putting pressure on household budgets. Diesel is used widely in freight, farming and other parts of the economy, so shortages can quickly spread beyond fuel markets.The confirmed release was reported on 8 October 2026 and is intended to help stabilise supply as market conditions worsen. The amount involved is equivalent to about one day of global oil demand,... [Continue Reading]
360LiveNews | 08 Oct 2026 13:32 LONDON
Ireland inflation hits highest level since January 2024 as energy costs rise
Ireland's annual inflation rate rose to 4.1% in the year to September, according to the Central Statistics Office, reaching its highest level since January 2024. The increase was driven largely by higher energy costs, with energy products up 15.3% year on year. The latest reading was above the 3.7% annual rise recorded in August and points to renewed pressure on household budgets.The statistics office said the jump in energy prices followed a rise in oil costs linked to conflict in the Middle East. It added that the cost to households for electricity, gas and home-heating oil has risen significantly since... [Continue Reading]
360LiveNews | 08 Oct 2026 12:07 LONDON
UK military spending should shift toward domestic defence, thinktank says
A new report has warned that the United Kingdom's armed forces are too heavily oriented toward overseas commitments and should place far greater emphasis on domestic defence. The analysis, published on 8 October, says the country's military is the most overseas-focused among European nations and argues that the government's planned rise in defence spending could deepen existing inefficiencies unless priorities change. It says the current approach reflects an outdated foreign policy centred on missions abroad.The report was produced by researchers at the Transition Security Project, which says almost a quarter of the defence budget was spent on commitments across five... [Continue Reading]
360LiveNews | 08 Oct 2026 07:30 LONDON
Sponsored
Thousands protest Flavio Bolsonaro in Rio as Brazil heads to runoff
Thousands of people marched in downtown Rio de Janeiro on Wednesday to protest against Senator Flavio Bolsonaro ahead of Brazil's October 25 presidential runoff. The demonstration was led by students and drew supporters of President Luiz Inacio Lula da Silva, who are trying to stop what they see as a possible return of the far right to power. The rally took place as the campaign for the second round gathered pace after Bolsonaro finished first in the opening vote.The supplied material says Bolsonaro won about 47% of valid votes in the first round, compared with Lula's 45%, after nearly 99%... [Continue Reading]
360LiveNews | 07 Oct 2026 23:30 LONDON
European Commission proposes stricter safeguards for future EU members
The European Commission has proposed tighter rules for countries seeking to join the European Union, in a move aimed at preventing democratic backsliding after accession. The plans would require future members to align more closely with EU policies before joining and would give the bloc new tools to respond if a new member later stops adhering to its values. The proposals come as the EU prepares for possible enlargement to countries including Ukraine, Moldova, Montenegro and Albania.Under the draft measures, member states would need to approve the changes before they can take effect. One of the most significant ideas would... [Continue Reading]
360LiveNews | 06 Oct 2026 21:00 LONDON
There Is Good in Every Bad
Power, Greed, Oil, and the Theater of Modern Geopolitics The Business Model of Power Donald Trump does not govern like a traditional politician. He governs like a negotiator who believes every geopolitical crisis is leverage, every war threat is a bargaining chip, and every market panic is an opportunity. When markets tremble, someone profits. The question is, who? Global markets react instantly to political tension. Gold rises when conflict looms. Oil spikes when instability threatens production. Stock markets collapse on fear, then rebound on reassurance. Volatility is not chaos, it is opportunity. Historically, gold has surged during major geopolitical crises,... [Continue Reading]
360LiveNews-Opinion | 18 Feb 2026 17:11 LONDON
