Global News Roundup
November 6, 2026
This Week’s Issue
Saudi Arabia’s economy responds to wartime stress
US midterm results spark fears in Israel over future of two countries’ ties. As the U.S. midterm election results rolled in, long-held Israeli assumptions about the transatlantic alliance began to shatter. (BBC)
Trader angst pivots from inflation to growth as tech rout deepens. The rout in tech stocks further clouds the outlook for a global economy bolstered by the AI boom, leaving traders questioning whether central banks will have scope for further interest rate hikes to contain an Iran war-induced energy price surge. (Reuters)
Tanzania’s smallholder farmers struggle to benefit from digital agriculture. M-Kilimo, a Ministry of Agriculture mobile service, provides market information and farming advice, allows farmers to advertise produce and enables them to ask agricultural extension workers for help. Smallholder farmers’ experiences highlight a challenge for Tanzania’s digital agriculture initiatives: Making services available does not guarantee that farmers know how to use them or receive information when they need it. (Al Jazeera)
Japan to tap proceeds from BOJ asset sales as AI rout stokes fiscal worries. Japanese Prime Minister Sanae Takaichi unveiled a plan on Friday to tap proceeds from the central bank’s sales of exchange-traded funds (ETF) to finance her flagship investment projects, as a deepening AI-fueled market rout threatens to dent tax revenue. (Reuters)
USTR urged to permanently suspend China-linked ship fees. Trade groups and shipper associations representing retailers, manufacturers and other importers are urging U.S. Trade Representative Jamieson Greer to permanently suspend Section 301 fees on China-built or China-linked vessels, according to an Oct. 30 letter to the agency. (Supply Chain Dive)
North Koreans being recruited into forced labour in Russia, report says. North Korean workers are being recruited into forced labor in Russia by a broker network using bogus student enrolments, according to a months-long investigation by an international law foundation. (Al Jazeera)
Gold drops 1% as strong US payrolls boost dollar, yields. Gold prices fell 1% on Friday after stronger-than-expected U.S. payrolls data reinforced expectations that the Federal Reserve could keep interest rates higher for longer, boosting the dollar and Treasury yields. (Reuters)
BoE hikes rate for first time in three years; retreating oil prices may allow for more options ahead. The Bank of England indicated Thursday that the sharp decline in energy prices after the U.S. midterm elections—if sustained—could limit the prospect of further interest rate hikes in the coming months. (AP)
India weighs a tax cut to win over foreign investors. Will it work? The clamor for removing tax on long-term capital gains, or LTCG, on foreign portfolio investors is rising in India as the country’s equity markets witness record capital outflows. (CNBC)
US economy added 165,000 jobs in October, way more than expected; unemployment rate slips to 4.1%. Nonfarm payrolls increased by a seasonally adjusted 165,000 for the month, compared with the Dow Jones estimate for 59,000, the Bureau of Labor Statistics reported Friday. The unemployment rate nudged down to 4.1%, compared with the forecast for 4.2%. (CNBC)
Canada’s Ivey PMI edges higher in October as employment rises. Canadian economic activity expanded at a slightly faster pace in October as a measure of employment rose, Ivey Purchasing Managers Index (PMI) data showed on Friday. (Reuters)
Paraguay Congress rejects President Pena’s resignation after bank collapse. Paraguay’s Congress has refused to accept President Santiago Pena’s resignation, pressing ahead with impeachment proceedings after the collapse of digital lender Ueno Bank. (Al Jazeera)
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