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News Highlights provides you with the best compilation of the Daily News Highlights taking place across the globe: National, International, Sports, Science and Technology, Banking, Economy, Agreement, Appointments, Ranks, and Report and General Studies
1.
The US's Section 301 investigation is evaluating 16 economies for 'overcapacity'.
These are China, the EU, Norway, Switzerland, Mexico, South Korea, Singapore, Indonesia, Malaysia, Cambodia, Thailand, Vietnam, Taiwan, Bangladesh, Japan and India.
2.
The Kigali Amendment to the Montreal Protocol turns 10 today. It agreed to phase down hydrofluorocarbons, or HFCs, which had become common refrigerants after countries moved away from chemicals -like chlorofluorocarbons (CFCs) - that destroyed the ozone layer.
The amendment is expected to prevent up to 0.5°C of warming by 2100. Yet at its 10th anniversary, the world is getting hotter, demand for cooling, expectedly, is rising rapidly, and the machines that provide it can themselves add to warming.
3.
The Cabinet Committee on Economic Affairs Wednesday cleared the long pending disinvestment of IDBI Bank, choosing Toronto-based Fairfax Financial Holdings, backed by Indian-Canadian billionaire Prem Watsa, as the 'strategic buyer' for Rs 52,878 crore.
4.
Prime Minister Narendra Modi met visiting Canada's Foreign Minister Anita Anand on Wednesday and said that India is committed to building a "constructive and forward-looking strategic partnership" with Canada that delivers "tangible benefits" to the people of both countries.
5.
Less than a month after the Lindsey O Graham Sanctioning Russia and Iran Act of 2026 was signed into law by US President Donald Trump, he has struck a deal with Russian President Vladimir Putin to release Russian diesel supplies into global markets. The late senator Lindsey Graham's bill was meant to impose new sanctions and tariffs on countries that buy Russian oil and gas, choking off the revenue that funds the Kremlin's war in Ukraine. Trump's deal does the opposite. It will directly bankroll that war and undermine the international sanctions against Russia already in place.
6.
India's instinctive response to climate-linked trade regulation has been to resist it. The EU's Carbon Border Adjustment Mechanism is described as protectionist; deforestation and product-traceability rules as intrusive; and sustainability clauses in trade agreements as an attempt to impose rich-country standards on a developing economy. Some of this criticism is justified.
7.
India's liquefied natural gas (LNG) import slate underwent a discernible reshuffle in September with the US slipping a couple of positions from the top supplier spot, as European importers stepped up competition for American cargoes.
The US had secured the top supplier spot in recent months after the outbreak of the West Asia conflict.

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