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INSANE: Deficit | Vintage Vibes

BRICS chief backs de-dollarisation, says local currencies are the way forward

BRICS Chamber Chairman Sameep Shastri supports de-dollarisation for a multipolar economic system. He believes local currency trade and digital transactions offer developing nations a greater voice. Businesses face multiple costs when conducting international trade through the US dollar. India aims to strengthen exports to BRICS economies while managing energy import…

The Economic Times

Soaring Crude Oil Prices Lift Sugar

October NY world sugar #11 (SBV26 ) is up +0.35 (+1.90%) today, and October London ICE white sugar #5 (SWV26 ) is up +4.30 (+0.80%). Sugar prices are climbing today, with NY sugar posting a 1-week high and London sugar posting a 2.5-week high. Soaring crude oil prices are supporting...

Barchart

Trump's $5,000 'dividend' is really a $1.15 trillion hole in the deficit, top economist estimates

Penn Wharton's Kent Smetters says the payout, floated at the GOP's midterm convention, could add up to $1.35 trillion to the $40 trillion national debt.

Fortune

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Trump Wants To Send Americans $5,000 If Republicans Win The Midterms. Questions About The Deficit Arise.

The president tied a new "Trump dividend" to Republicans keeping control of Congress, a payout that would cost more than $1.2 trillion if extended to every adult citizen.

International Business Times

India's BRICS trade deficit likely to remain key challenge as imports outpace exports: Report

India's trade relationship with BRICS nations is set to experience a notable increase in its trade deficit, driven largely by rapidly rising imports. While exports to these countries are gradually improving, the pace is not enough to offset the imports, particularly from major players like China and Russia. India aims…

The Economic Times

Trump, hoping to salvage midterms, makes a dubious pledge to give every US adult $5,000 if GOP wins

President Donald Trump pledged $5,000 to every adult American if Republicans win elections. This extraordinary promise would cost over one trillion dollars and require congressional approval. Vice President JD Vance suggested payments would exclude the wealthy and could be funded by tariffs. Experts note the US runs significant deficits and…

The Economic Times

As Treasury shells out $95 billion a month in interest to cover deficits, Trump pitches $1.3 trillion payout to voters if Republicans win midterms

For the past 11 months, the CBO reported yesterday, the U.S. Treasury has spent $1.05 trillion servicing national debt—approximately $95 billion every month.

Fortune

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Mexico's 2027 Budget: Where the Money Really Goes — and What It Means for Your Wallet

Mexico's 2027 budget targets a 3.9% deficit and more infrastructure spending, but the real 2025 shortfall ran higher than officials reported.

Latin Times

India needs stronger export push as energy imports drive trade deficits with BRICS nations: BRICS CCI Chairman

India must increase exports to BRICS nations to counter trade deficits from energy imports. Greater focus is needed on export promotion and technology sharing among member countries. Businesses should increasingly use local currencies and digital payments for trade transactions. Logistical challenges are being addressed through exploring new trade routes like…

The Economic Times

The BRICS trade boom has a $226 billion hole for India

The dynamics of India's trade with BRICS nations have transformed, with imports outpacing exports and causing the trade deficit to reach $226.1 billion in FY2026. BRICS countries now represent over 41% of India's merchandise imports, although their export share has slightly diminished. With China, UAE, and Russia leading the surge,…

The Economic Times

India's exports under free trade pacts grew faster than imports in April-July: Piyush Goyal

Exports under free trade agreements are now growing faster than imports. Outbound shipments to FTA partner countries expanded by 23.9 percent to USD 57.2 billion. The trade deficit with FTA partners narrowed from USD 34.2 billion to USD 32.6 billion. Overall merchandise exports for the four-month period reached USD 173.8…

The Economic Times

Sugar Prices Finish Sharply Higher as Crude Oil Surges

October NY world sugar #11 (SBV26 ) closed up +0.30 (+1.66%) on Wednesday, and October London ICE white sugar #5 (SWV26 ) closed up +15.50 (+2.99%). Sugar prices settled sharply higher on Wednesday on the +3% surge in crude price (CLV26 ) to a 3.25-month high. Higher crude prices support...

Barchart

Surging Crude Prices Are Supportive for Sugar

October NY world sugar #11 (SBV26 ) is up +0.19 (+1.05%) today, and October London ICE white sugar #5 (SWV26 ) is up +8.00 (+1.54%). Sugar prices are moving higher today on the +3% surge in crude price (CLV26 ) to a 3.25-month high. Higher crude prices support ethanol prices...

Barchart

Qatar’s budget deficit more than doubles to €5bn in second quarter amid LNG disruption

The first-half shortfall has exceeded Qatar’s original full-year forecast. Doha has said cuts to operating spending exclude salaries and capital projects, while European gas buyers face delivery cancellations extending into early November as the Iran war postpones revenue.

Euronews

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The Economic Times

National reservoir levels reach 70.3% capacity amid widening regional monsoon gaps: Report

Reservoir storage nationwide reached seventy point three percent of capacity this week. Western and Central India maintained high storage levels, showing regional variations. Eastern India reversed into a surplus, while Northern and Southern regions faced deficits. Kharif sowing progress improved, though rice and cotton shortfalls widened. Subdued rainfall is forecast…

Autosport

Collard/Cook's Donington Park win causes huge British GT title swing

The Barwell Lamborghini duo overturned a 20.5-point deficit to take the championship lead heading into the Brands Hatch finale

International Business Times UK

US Debt Is More Severe Than It Seems, Top Economist Warns as Treasury Yields Increase

US Treasury yields are rising despite weak economic data. Learn from experts how this affects government borrowing costs, market dynamics, and future economic stability.

Times Life

Why Cats Cannot Survive on a Vegetarian Diet: The Taurine Deficiency Every Pet Owner Must Know

What Obligate Carnivore Actually MeansThe word obligate is doing serious work in that phrase. An obligate carnivore is not an animal that prefers meat the way a dog might prefer it over vegetables. It is an animal whose metabolic machinery has, over millions of years of evolution, outsourced certain critical…

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The Economic Times

PM Modi recalls 2013 when India was among ‘Fragile Five’ economies amid weak growth

Reflecting on India's economic journey, Prime Minister Narendra Modi brought attention to 2013, a year when the nation faced the bleak 'Fragile Five' label. Weak GDP figures, sky-high inflation, and an unprecedented current account deficit overshadowed the landscape. Widespread corruption, along with security challenges and stagnant policy measures, complicated matters.…

International Business Times UK

'I'll Stop Trading': Donald Trump Threatens Complete Global Trade Ban if the Fed Won't Lower Rates

Trump threatens to halt US trade with deficit countries unless the Federal Reserve cuts rates, escalating his pressure on Chair Kevin Warsh after a stronger-than-expected August jobs report on Friday.

The Independent UK

Newcastle produce impressive comeback to deny Bournemouth

Newcastle came from two goals down to earn a 2-2 draw with Bournemouth at St James’ Park in Saturday’s early kick-off. Bournemouth raced into a two-goal lead in the first half, with Marcus Tavernier opening the scoring before a Malick Thiaw own goal doubled their advantage. However, Newcastle halved the…

The Economic Times

Coach Luis Enrique unconcerned by PSG's poor start to the season

Paris Saint-Germain faces its worst league start in nineteen years after a recent home loss. The team remains winless in three Ligue 1 matches, a concerning statistic. Coach Luis Enrique received a contract extension until 2030 despite the current struggles. He expressed confidence that the team will recover and make…

The Economic Times

Trump calls for lower interest rates, says high rates put US at 'unfair disadvantage'

US President Trump advocates for reduced interest rates, stating the US possesses stronger credit. He believes lower rates are essential for global financial competitiveness and fairness. Recent jobs data showed employers added 162,000 positions in August. Trump warned of trade cessation with deficit nations if rates remain high. He urged…

The Economic Times

Nilgiris tea production hit by severe drought, El Nino conditions; green leaf supply drops sharply

Severe drought conditions in Nilgiris have drastically reduced green tea leaf supply. Tea factories are experiencing significant revenue losses and production declines. Small farmers face immense hardship due to crop failure and inadequate prices. Rainfall deficits have caused a substantial drop in tea productivity across the region. Government assistance is…

International Business Times

The Jobs Report Surprised To The Upside. Stocks Dropped.

President Donald Trump demanded the Federal Reserve cut interest rates, threatening to halt all trade with countries with which the U.S. has a deficit.

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