North Korea test-fires cruise missiles from submarine – KCNA

Inquirer.net - Oct 15, 2026

SEOUL, South Korea – Pyongyang test-fired two types of cruise missile from a submarine, its state news agency said Thursday, after weeks of friction with Seoul over a landmine explosion along their border. The missiles were fired into the East Sea, also known as the Sea of Japan, on Wednesday without “any adverse impact on the

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Wall Street tumbles as hot inflation data feeds worries about Fed rate hikes
Oct 15, 2026

Wall Street tumbles as hot inflation data feeds worries about Fed rate hikes

Hotter-than-expected inflation data sent Wall Street tumbling on Wednesday, with worries about more interest rate hikes from the Federal Reserve pummeling shares of Oracle, CoreWeave and other AI stocks sensitive to higher borrowing costs. Increased bets that the Fed will have to further hike rates to tame inflation dealt a sharp blow to some of the market's biggest gainers of 2026. Oracle lost 7.3 percent, while AI-infrastructure firms CoreWeave and Nebius tumbled 15 percent and 10 percent, respectively. Dell dropped 12 percent and Hewlett Packard Enterprise lost 7.6 percent after Barclays downgraded the AI server makers to "equal-weight" from "overweight." The Philadelphia SE Semiconductor index dropped almost 4 percent, down for a sixth straight session and on track for its longest losing streak since May 2025. US consumer prices accelerated in September as the cost of gasoline surged and price pressures broadened beyond energy, data from the Labor Department's Bureau of Labor Statistics showed. Interest rate traders are pricing in a 37 percent chance that the Fed will raise rates at i

Oil prices gain on attacks in Saudi Arabia, Iran's new tactics to target tankers
Oct 15, 2026

Oil prices gain on attacks in Saudi Arabia, Iran's new tactics to target tankers

NEW YORK — Oil prices rose on Wednesday after the Houthis attacked Saudi Aramco's headquarters and Iran said it was deploying new tactics to target ships and keep oil prices high. Brent crude futures were up 87 cents, or 0.82 percent, at $106.56 a barrel by 1:25 p.m. ET (1725 GMT). U.S. West Texas Intermediate crude gained $1.46, or 1.55 percent, to $95.60, touching a three-week high. Attacks on ships transiting the Strait of Hormuz and strikes between Saudi Arabia and the Iran-allied Houthis are driving up oil prices, said Phil Flynn, senior analyst with the Price Futures Group. "We're seeing a lot of fear trade today," he added. Iranian officials declined to provide details of the new strategy to target ships, but one said Iran had started using different offensive tactics about 10 days ago. Gulf oil flows excluding Iran surged in September to more than 81 percent of prewar levels, data showed, led by a recovery in Saudi exports. Iranian exports fell to zero owing to a U.S. blockade. "More crude reaching international markets does not necessarily mean more oil is being produced," Saxo

US stocks drop to their worst day since July as inflation worsens
Oct 15, 2026

US stocks drop to their worst day since July as inflation worsens

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Zelenskyy says 'we count' on US partnership, urges Starlink switch-on
Oct 15, 2026

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Trump press secretary Katie Zacharia faces scrutiny over claims she's a lawyer
Oct 15, 2026

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Trump claims again Korea to invest in Alaska LNG project under trade deal
Oct 15, 2026

Trump claims again Korea to invest in Alaska LNG project under trade deal

WASHINGTON — U.S. President Donald Trump said Wednesday that Korea will invest $50 billion in a massive liquefied natural gas (LNG) project in Alaska as part of an investment agreement with Washington, despite uncertainty over Seoul's participation. "This 50 Billion Dollar Infrastructure Investment from The Republic of Korea is part of their Trade and Investment Deal with me," Trump wrote on Truth Social, while describing his visit to Alaska for a campaign rally on Tuesday. The remarks were the latest from the Trump administration claiming that Korea is committed to the Alaska LNG project. Seoul has maintained that its participation remains subject to a commercial viability review. Trump also said that Taiwan has agreed to invest $4.4 billion in equity into the project, calling it the "greatest project in Alaska history." White House Press Secretary Katie Zacharia also said Tuesday that $54 billion was tied to the Alaska LNG project as part of a Korean energy investment package. "President Trump also unveiled a Korea energy investment package of up to $200 billion in the United States.

School roof collapse kills at least 29, injures more than 50 in Pakistan
Oct 15, 2026

School roof collapse kills at least 29, injures more than 50 in Pakistan

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Iran-backed Houthis strike Saudi oil company Aramco's headquarters, officials say
Oct 15, 2026

Iran-backed Houthis strike Saudi oil company Aramco's headquarters, officials say

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EU leaders to clash over long-term budget, Ukraine support
Oct 15, 2026

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EU leaders head for showdown over bloc long-term budget
Oct 15, 2026

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EU leaders on Thursday head for their biggest clash yet over the bloc's next long-term budget, as they race to lock in a deal before next year's French presidential election. The 27-nation European Union wants an agreement by Christmas, worried that any future dealmaking will be derailed by potential eurosceptic wins in polls taking place across the bloc -- most crucially in key power France. FRANCE 24's Dave Keating reports from Brussels, Belgium.

Musk suggests US govt behind any slowdown in Ukraine's Starshield system
Oct 15, 2026

Musk suggests US govt behind any slowdown in Ukraine's Starshield system

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Albanian students protest over education, jobs, clash with police
Oct 15, 2026

Albanian students protest over education, jobs, clash with police

Demonstrators and riot police clashed in Albania's capital on Wednesday in a second straight day of violence triggered by student protests calling for better university conditions and Prime Minister Edi Rama's resignation. Protesters formed makeshift barricades in the capital, Tirana, while riot police responded with water cannon, after street violence overnight left 16 people arrested and government buildings badly damaged.

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