Economy news today · 10 October 2026
Trump unveils Russian diesel deal to tame record US pump prices
President Donald Trump announced an agreement with Vladimir Putin to channel Russian diesel to the United States and global markets, after US pump prices hit a record in September.
Wall Street rebounds as Trump pledges no Iran strike before midterms
US stocks closed higher on 9 October and global shares extended gains into 10 October after President Trump said Washington would not attack Iran before November's elections.
Israel's economy booms on tech investment but voters wince at prices
Al Jazeera reported Israel's GDP growing fast on record foreign tech investment while food costs and defence spending leave 38% of Jewish Israelis citing the economy as their top worry.
Brussels sees around 30,000 march against austerity before VAT rise
Around 30,000 Belgian workers filled Brussels on 10 October to protest planned budget cuts and a VAT increase from 21% to 22% expected on 13 October.
Brent slips to $103 as traders bet on calmer Iran week
Brent crude eased about 1% to roughly $103 a barrel on 9-10 October after Trump's pledge not to attack Iran before midterms, even as Houthi and tanker risks lingered.
Brazil inflation blows past target as September CPI jumps 0.82%
Brazil's IPCA consumer price index rose 0.82% in September, pushing the 12-month rate to 4.58% and above the central bank's 4.5% target ceiling.
Avolon orders 250 jets as Boeing and Airbus share mega-deal
Chinese-owned lessor Avolon placed firm orders for 140 Boeing 737 MAX, 75 Airbus A320neo-family and 35 A330neo aircraft, with options on 100 more.
Airtel Money prices London IPO at about five billion pounds, biggest since 2021
Airtel Mobile Commerce priced its London IPO at 1.96 pounds a share, valuing the mobile-money carve-out at about 5.3 billion pounds, roughly seven billion dollars.
OpenAI tells investors it is heading for seventy billion dollars in revenue
OpenAI has told investors it expects to end 2026 at about seventy billion dollars in annualised revenue, up from roughly fifty billion in September, as it raises fresh funds.
UK and Germany seal joint security pact against Russian sabotage
Britain and Germany unveiled a joint security framework on 10 October targeting cyber-attacks and sabotage attributed to Russia, deepening defence-industry cooperation.