Wednesday, October 14Global edition

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US and China extend trade truce to 10 January

Treasury Secretary Scott Bessent announced the extension after meeting Chinese Vice Premier He Lifeng in Washington. The two sides now have more time to resolve outstanding issues or negotiate a wider deal, though no new terms were announced.

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McDonald's $8.5 billion franchisee plan sends shares down 6.5%

The decade-long programme offers rent relief and capital support, but investors were rattled by the remodelling bill franchisees still face — at least $1.2 million per US location. The company also warned that customer traffic is likely to stay flat while inflation remains elevated.

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NOAA puts 75% odds on a record-breaking El Niño by late 2026

Sea surface temperatures in the eastern Pacific have already topped 3°C above normal, and Berkeley Earth projects a peak near 4°C in November — which would make this the strongest El Niño ever recorded. Citigroup has estimated a super El Niño could cause up to $7 trillion in global economic losses over five years.

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Nigeria raises Ebola alert as DRC death toll passes 3,600

The Nigeria Centre for Disease Control has issued a health advisory and stepped up screening for travellers from countries with active transmission. The DRC has recorded 7,672 confirmed cases, with the response hampered by gaps in funding and laboratory capacity.

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Mercedes-Benz to put Wayve's AI driving system into future cars

The two companies have signed a production agreement, with integration due to begin within two years. It is Wayve's first deal in the premium segment, built on a partnership that predates Mercedes-Benz's investment in the London startup's $1.2 billion funding round earlier this year.

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EU to give data centres an A-to-G energy and water rating from 2027

The European Commission wants to publish annual sustainability labels for larger data centres, covering efficiency, clean energy sourcing and waste heat reuse. The move comes as EU data centre capacity is expected to more than double by 2030, and the Commission is also consulting on whether to make minimum efficiency standards mandatory.

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US sanctions cut Iran's flights to Baghdad, Muscat and the Gulf

Routes to Baghdad, Muscat, Qatar, Georgia and Azerbaijan were suspended on Wednesday as a US deadline expired for foreign companies to stop servicing Iranian carriers. Thousands of travellers have been pushed towards land crossings through Turkey and Armenia.

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F-35 stealth components diverted to Hong Kong while crossing the Pacific

A shipment heading from Australia to the US for repairs was rerouted by a Lockheed Martin intermediary, and some parts vanished. The incident has sharpened concern about the Pentagon's control of F-35 equipment — a 2023 audit found more than a million spare parts had gone missing over five years.

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NIST's decade-long gravity experiment deepens a 225-year-old mystery

The new measurement of the gravitational constant differs from a leading 2007 result by 7.3 standard deviations — far beyond what the uncertainties of either experiment would predict. Researchers say they cannot yet tell whether the gap reflects a hidden flaw in one of the measurements or something not yet understood about gravity itself.

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India's NSE prices $2.3 billion IPO at 20% below roadshow expectations

The exchange, which handles nearly 90% of global stock index options volumes, has set its share price range lower than investors were told to expect. Options trading on its platform has fallen 27% from its 2024 peak, and several major sellers have cut the size of their stakes in the deal.

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ECB launches blockchain link to settle tokenised trades in central bank euros

The Pontes service connects DLT trading platforms to the ECB's existing TARGET payment system, letting banks settle digital assets in ECB-backed euros rather than stablecoins. Thirteen institutions including Deutsche Bank and Santander were live at launch, with round-the-clock operation planned by mid-2028.

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Banks race to verify that AI agents had authority before payments go through

AI agents are beginning to initiate and route payments inside enterprise workflows, but a technically valid transaction can still lack proof that the agent was authorised to act. Banks, payment networks and compliance vendors are building verification layers to test authority, provenance and evidence before funds move.

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Oil prices fall as Saudi Arabia moves to restore Houthi-hit pipeline

Saudi Arabia aims to restart about half the capacity of its East-West pipeline within days, after drone strikes forced a shutdown last Friday. The disruption is deepening an already tight market: the IEA has raised its forecast for this year's global oil deficit to 1.7 million bpd and pushed back any surplus to 2027.

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The human brain is two separate organs, Stanford researchers find

Front and back develop from entirely distinct cell populations that never overlap — a pattern preserved across species for at least 550 million years. The discovery has already allowed scientists to grow functional hindbrain motor neurons in the lab for the first time, opening a new path for research into ALS and other brainstem diseases.

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