Business
– Oil prices climbed sharply on Friday, with Brent crude touching $110 a barrel for the first time since May. Worries that escalating Middle East tensions could further tighten supplies drove the rally. Brent for December delivery settled up $3.94,
– Egypt received a record $33.9 billion in remittances from citizens working abroad during the first eight months of 2026. The Central Bank of Egypt said on Tuesday, October 13, that inflows rose 27.2% from $26.6 billion a year earlier.
News
– Japan has launched a spacecraft bound for Mars on a quest to explore the planet’s mysterious moons and return samples to Earth. The Japan Aerospace Exploration Agency sent the Martian Moons eXploration (MMX) probe into space aboard an H3
– UAE Deputy Prime Minister and Minister of Foreign Affairs His Highness Sheikh Abdullah bin Zayed Al Nahyan held talks with Indian External Affairs Minister Dr. Subrahmanyam Jaishankar in Mumbai. The meeting formed part of a working visit to India
– An earthquake of magnitude 5.6 hit Pakistan’s Balochistan province on Saturday, October 17, with its epicentre near the city of Khuzdar. The German Research Centre for Geosciences reported the tremor and said it occurred at a depth of 10
– More than one million species face the risk of extinction as humanity continues to destroy nature, United Nations Secretary-General António Guterres warned on Friday. Speaking at the Leaders’ Summit in Yerevan, Armenia, on October 16, he called for urgent
Automotive
Jaguar unveiled the production Type 01 in New York on October 6, marking a major product launch for the British luxury brand. The four-door electric grand tourer is the first production Jaguar based on the dedicated Jaguar Electric Architecture. It
German luxury sports car manufacturer Porsche announced an agreement with labor representatives on Monday to reduce its workforce by an additional 5,000 positions by 2035 as part of a restructuring program. The decision brings total planned job eliminations across the
Japan’s new car sales rose 1.8% in the first half of 2026, marking a second straight first-half gain for the domestic auto market. Automakers sold 2,387,189 new vehicles from January through June, including minivehicles. The increase followed a stronger second
Porsche has presented a one-off 911 GT3 RS created through its Sonderwunsch programme, combining the track-focused sports car with a bespoke design treatment inspired by haute couture. The vehicle is finished in Macadamiametallic from the Paint to Sample range and