General

US flight chaos worsens - further flights will be cut as shut down continues

• The US transport department (why do they even have one?) is expected to announce more flight cancellations

Plane crash near Louisville’s Muhammad Ali airport sparks fire and injuries

• A serious aircraft crash near Louisville’s Muhammad Ali airport triggered a large fire and injuries. The cause and operator remain unconfirmed. there is an ongoing active emergency response.

EU’s Šefčovič: Nexperia progress, urges lasting chip-supply stability, no export barriers

• Šefčovič’s remarks signal a possible thaw in EU-China chip tensions, easing fears of prolonged supply disruption.

China adds forest the size of Texas since 1990 in world’s biggest reforestation push

• The success could influence global carbon markets, timber demand, and climate policy frameworks as other nations look to replicate its model.

North Korea fired missiles says the country's official news agency,

• Some of us get a coffee when we wake up, Kim Jong Un fires off a test missile or two

Jamaica is about to be hit by the second-strongest hurricane ever

• It's going to be an awful day in Jamaica

Are we just going to speed run the 20th century tariff lessons?

• Steel industry will be an interesting test

Category 5 hurricane expected to hit Jamaica tomorrow

• Utterly devastating storm hovering south of Jamaica

HSBC to book $1.1bn provision for Madoff-linked Luxembourg lawsuit

• HSBC will book a $1.1 billion provision to cover potential losses from a lawsuit in Luxembourg tied to the Bernard Madoff fraud. The Luxembourg Court of Cassation denied the bank’s appeal on one part of the case but allowed another to proceed. HSBC’s subsidiary plans a second appeal before the Court of Appeal.

I'll be at the 'Australia FIX Conference 2025' on Wednesday, Sydney time - come say hello!

• The Australia FIX Trading Community Conference is a landmark event in the nation’s trading calendar, its on Tuesday, October 21, 2025.

Reports that the US military have struck another drug boat in the Caribbean

ICYMI: China accuses US of fuelling global panic over rare earth export curbs

• China accused the U.S. of exaggerating its rare earth export controls to stir panic, rejecting calls to roll them back.

Goldman Sachs warns U.S. shutdown could be one of the longest in history

• Goldman Sachs warns the current U.S. government shutdown could be among the largest and most prolonged on record, potentially shaving 0.11 percentage points from quarterly GDP for each week it continues.

US Tsunami Warning System: Tsunami threat after 7.4 earthquake strikes Philippines

• Magnitude 7.2 earthquake strikes Mindanao, Philippines (EMSC)

Germany's Munich Airport closed - drones spotted over the airport

• Germany's Munich Airport has been closed following drones spotted over the airport, a federal Police spokesperson tells BILD