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Monday, Oct 12, 2026

US Completes Military Withdrawal From Iraq After 23 Years

The Pentagon has confirmed the withdrawal of all remaining American military personnel from Iraq, ending a presence that began in 2003 and transferring full responsibility for the country's security operations to Iraqi forces.
Trump Pledges No Military Strikes Against Iran Before November Midterm Elections
US President Donald Trump has announced a temporary pause on potential military action against Iran ahead of the November 3 congressional elections, seeking to ease regional tensions and stabilise energy markets after prolonged disruption linked to the Middle East conflict.
US Supreme Court Allows Termination of Protected Status for More Than 300,000 Venezuelans
The US Supreme Court has cleared the way for the federal government to end Temporary Protected Status for more than 300,000 Venezuelan migrants, marking a significant development in the Trump administration's immigration policies and the legal dispute over federal authority.
US Job Growth Slows to 29,000 as Unemployment Rises to 4.2%
The US economy added just 29,000 jobs in the previous month, while the unemployment rate increased to 4.2%, according to federal data, raising concerns about weakening labour demand as households continue to face persistent inflation and cost-of-living pressures.
G7 Emergency Oil Release Helps Steady Markets as Crude Prices Ease Towards $104
Global stock markets rebounded and oil prices eased towards $104 a barrel after Group of Seven nations coordinated the release of 100 million barrels from strategic petroleum reserves, seeking to offset supply disruptions caused by instability in Middle Eastern shipping routes.
OpenAI Seeks $30 Billion in New Funding at Potential $1.4 Trillion Valuation
Artificial intelligence company OpenAI is in advanced discussions to raise approximately $30 billion in fresh private funding, with negotiations targeting a valuation of around $1.4 trillion despite wider volatility in technology stocks.
Federal Reserve Signals Interest Rates May Remain Unchanged as Inflation Persists
Senior Federal Reserve officials have indicated that US borrowing costs could remain at current levels during upcoming policy meetings, as underlying inflation continues to exceed the central bank's 2% target and policymakers weigh economic risks.
US East and Gulf Coast Dockworkers Resume Operations After Tentative Wage Agreement
Tens of thousands of unionised dockworkers have returned to work at major US East and Gulf Coast ports following a provisional wage agreement, easing concerns about shipping disruption and keeping operations running under an arrangement extending through mid-January.
US Government Launches Inquiry Into White House Restrictions on Television News Access
The US Department of Justice has opened an investigation into whether restrictions on television news organisations covering the White House violate competition laws or press freedom protections, raising questions about government oversight of media access.
FAA Restricts Flights Over Los Angeles Following Security Warnings
The Federal Aviation Administration has temporarily imposed airspace restrictions and rerouted commercial flights around parts of Southern California following security intelligence warnings, prompting increased surveillance and emergency preparedness measures.
US Regulators Introduce Stricter Carbon Emissions Rules for Heavy-Duty Vehicles
The Environmental Protection Agency has finalised new emissions standards requiring commercial freight operators to progressively adopt zero-emission vehicle technologies over the next decade, increasing pressure on the transport industry to reduce its carbon footprint.
US Health Officials Warn of Rising Childhood Disease Outbreaks Across Several States
The Department of Health and Human Services has issued public health alerts following increases in preventable childhood illnesses across several states, particularly in the southern United States, urging stronger vaccination coverage as local hospitals face growing pressure.
Meta Faces Federal Lawsuit Over Allegedly Addictive Features Affecting Teenagers
Families from several US states have filed a class-action lawsuit against Meta Platforms, alleging that its messaging applications use addictive design features and inadequate parental safeguards that expose young users to mental health risks.
FBI Arrests Suspect Linked to Cyberattack on Federal Recruitment Network
Federal investigators have arrested a suspect accused of breaching the Federal Bureau of Investigation's online recruitment system, following concerns that the intrusion exposed sensitive employment information and personnel credentials.
US Automakers Face Profit Pressure as Consumers Shift Towards Hybrid Vehicles
Major American automakers are reporting weaker profit margins and rising inventories as expensive financing and changing consumer preferences increase demand for more affordable hybrid vehicles, prompting manufacturers to reassess their electric vehicle production plans.
US Banks Report Strong Third-Quarter Trading Revenue Amid Bond Market Volatility
Major Wall Street investment banks have posted better-than-expected quarterly earnings, supported by increased fixed-income trading and corporate debt issuance as clients respond to fluctuating interest rates and global financial market uncertainty.
US Expands Biometric Screening at International Airports Amid Privacy Concerns
The Department of Homeland Security has introduced expanded facial recognition and biometric identification systems at major US international airports, aiming to improve passenger screening and border security while drawing criticism from privacy advocates.
NASA Successfully Tests Laser Communications for Future Moon and Mars Missions
NASA has completed a deep-space laser communications test capable of transmitting high-definition information over interplanetary distances, advancing technology that could support future crewed missions to the Moon and Mars.
Robert Hall and Michael Woodford Awarded Nobel Memorial Prize in Economics
The Royal Swedish Academy of Sciences has awarded the Nobel Memorial Prize in Economic Sciences to American economists Robert Hall and Michael Woodford, recognising their contributions to macroeconomic theory and the development of modern monetary policy analysis.
NFL Week Six Concludes With Divisional Matchups Reshaping Early Playoff Race
The National Football League has completed its sixth week of competition, with closely contested divisional games influencing conference standings and the early playoff picture as teams move deeper into the regular season.
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