Nearly 300 Canadian business delegates are visiting Mumbai and Bengaluru as Ottawa seeks a trade pact and stronger commercial ties with India.
Volkswagen Group delivered 6.01 million vehicles globally through September, while battery-electric models made up around 40 percent of Europe’s order book.
Russia’s manufacturing sector contracted slightly in September 2026 as weak demand reduced output and new orders, while employment fell at its fastest pace since May.
The IMF said AI infrastructure investment was helping sustain global growth near 3%, with Asian economies benefiting from demand for chips and related technology.
Factory activity expanded across much of Europe and Asia in September 2026, supported partly by AI-related investment and demand for semiconductors and capital equipment.
The IMF said Lebanon must advance banking and fiscal reforms, including a bank-resolution law and a sustainable 2027 budget framework, before qualifying for a new financial program.
Russia cut its 2026 natural-gas production and export forecasts as pipeline sales to Europe remained weak and liquefied natural-gas shipments fell short of earlier expectations.
Indonesia’s Financial Services Authority said the country’s financial sector remained stable in September 2026 despite global uncertainty, tighter monetary conditions, and inflation risks linked to energy and food prices.
Oil prices fell on October 12, 2026, after announcements raised hopes for improved supply, although uncertainty surrounding energy routes and regional tensions continued to influence trading.
The U.S. dollar remained near an 18-month high on October 12 as investors assessed Middle East risks and awaited key U.S. inflation data.
Oil exports through the Strait of Hormuz had recovered to roughly 80% of pre-conflict levels, but shipping, insurance and refining disruptions continued to support elevated prices.
A September business survey showed Russian manufacturing remained in contraction, with output and new orders declining and job cuts accelerating to their fastest pace since May.
Gold prices edged higher on October 12 as a weaker dollar and lower oil prices supported the metal ahead of key U.S. inflation data.
The U.S. services PMI eased to 54.9 in September from 55.4 in August, while business input prices rose to their highest level since 2022.
Germany recorded 3,053 new technology startups in the first half of 2026, with AI accounting for more than one-third.
Germany’s services sector returned to growth in September, with its PMI rising to 52.9 from 49.7 in August as demand improved.
Germany’s composite PMI climbed to 53.8 in September, its highest level since October 2025, while businesses reported faster increases in input costs.
German startups raised €8 billion in venture capital between January and September 2026, exceeding the total for all of 2025.
Russia’s oil and gas revenues fell 17% in 2026 despite higher crude prices, as lower output, export disruptions and a stronger rouble reduced earnings
Argentine poultry producer Granja Tres Arroyos confirmed 1,250 layoffs across three Buenos Aires province plants after negotiations with workers' representatives ended without agreement.
Argentina's corn outlook improved as monitoring reports showed declining populations of the corn leafhopper, although some high-risk regions continued to require close surveillance.
French mining group Eramet is considering a US$350 million expansion of its Centenario-Ratones lithium project in Argentina, potentially adding 11,000 tonnes of annual capacity.
Chinese automotive brands captured 10% of Argentina's car and light commercial vehicle sales in August 2026, up from about 2% late in 2025.
Japanese companies faced rising cyberattack activity in September as experts warned that AI tools can help criminals automate vulnerability searches and phishing attempts.