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NEWS UPDATE

September 11, 2026

06:22 PM Modi and Putin Move Closer Together - India Sticks With Russian Oil Despite Ukraine War

Narendra Modi and Vladimir Putin agreed shortly before the BRICS summit in New Delhi to further expand their strategic partnership. The talks focused on energy, defense and the impact of the wars in Ukraine and the Middle East on trade and shipping. India remains one of the biggest buyers of Russian oil and in July 2026 already sourced 51 percent of its crude imports from Russia. The two countries want to increase bilateral trade to $100 billion by 2030, while Modi continues to push for negotiations rather than economic decoupling from Moscow.

02:20 AM Mexico Pushes for a Trade Deal With Washington Before the U.S. Elections - Canada Left on the Outside

Mexico and the United States want to reach an interim bilateral trade deal before the November 3 midterm elections. The main issues are lower U.S. tariffs on cars, steel and aluminum, along with U.S. demands for more American-made content in Mexican vehicles and tougher scrutiny of Chinese investment. The collapse of trade talks between Washington and Canada has put even more pressure on Mexico to avoid a direct fight with Trump. A deal could calm Mexico’s economy - while also handing Trump a political win as Canada remains stuck in the tariff battle.

08:13 AM Algeria Breaks With the Emirates - Dispute Threatens to Split North Africa Into Two Camps

Algeria has cut diplomatic relations with the United Arab Emirates and given its ambassador 48 hours to leave the country. Officially, Algiers says it has faced a series of hostile and provocative actions, but it has not named one specific trigger. Behind the break are years of disputes over Western Sahara, the Emirates’ close ties to Morocco and the normalization of relations with Israel. What makes this especially explosive is that countries such as Tunisia and Libya could now come under pressure to choose between Algeria and the Emirates.

06:05 AM Kim Jong Un Discovers Consumption as a Tool of Power

North Korea is experiencing an unusual consumer boom, with luxury stores, cafés, amusement parks, beach resorts and fitness offerings. But there is more behind the new appetite for spending than leisure: the state is deliberately steering private money into government-controlled stores and facilities. In doing so, Kim Jong Un weakens informal markets, creates new sources of revenue and ties a growing middle class more closely to the system. Additional billions from raw-material exports, dealings with Russia and alleged cryptocurrency thefts are giving Pyongyang fresh financial room to maneuver.

01:05 AM Trump’s $5,000 Promise Is Drawing Pushback Even From Republicans

Donald Trump’s plan to give every American adult $5,000 if Republicans win the election is drawing skepticism even within his own party. The program would cost roughly $1.2 trillion, with hundreds of billions more in interest, while opponents warn it could fuel inflation and drive the national debt even higher. Some Republicans still support the proposal and want to turn it into law after the election. Trump has made similar promises before, including “dividends” supposedly funded by tariff revenue and DOGE savings, but none of those payments ever materialized.

September 10, 2026

10:30 PM As Russia Heads Toward the Election, Fears of War and Another Mobilization Are Growing

Just days before Russia’s September 18-20 parliamentary election, anxiety across the country is clearly rising. Ukrainian drone attacks are bringing the war increasingly closer to everyday life, while demand is surging for drone-strike insurance and shatter-resistant window film. At the same time, fears persist that the Kremlin could announce another round of mobilization after the election despite repeated denials. Government polling has shown unusually high and sustained levels of anxiety among Russians for months.

06:20 PM ECB raises key rate to 2.5 percent as Iran war keeps pushing inflation higher

The European Central Bank raised its key interest rate by 0.25 percentage points to 2.5 percent, the highest level in more than a year. The main driver is the sharp rise in energy prices caused by the war in the Middle East, while euro zone inflation climbed to 3.3 percent in August. Brent crude is now back above $100 a barrel, and European natural gas costs more than twice what it did before the war began. The ECB expects inflation to stay above its 2 percent target for several more years, while also forecasting slightly stronger economic growth than previously expected.

02:15 PM ECB set to raise rates as oil tops $100 and inflation fears return

The European Central Bank is expected to raise its key interest rate to 2.50 percent today after the Iran war pushed oil back above $100 a barrel. That is fueling fresh concern that sharply higher energy prices could send inflation climbing again across the euro zone. At the same time, the euro zone economy has held up better than expected so far, even as consumers and businesses are already feeling higher fuel costs. The decision is due at 2:15 PM, with ECB President Christine Lagarde facing the press 30 minutes later.

12:35 PM NATO foils Russian sabotage attempt against undersea cables in the Arctic

British, Norwegian and U.S. forces stopped Russian special-purpose submarines near Svalbard that, according to Western officials, were training to use a new technology designed to disable critical undersea cables without leaving obvious traces. The covert operation was carried out by Russia’s GUGI deep-sea warfare directorate and was cut short after NATO forces tracked and confronted the Russian vessels at sea. No cables were damaged, but Western intelligence officials see the exercise as preparation for a possible conflict with NATO in which internet and financial links could be deliberately knocked out. Russia denies sabotage allegations, while NATO countries are stepping up surveillance of critical infrastructure in the North Atlantic and the Baltic Sea.

@katharina-hofmann

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@katharina-hofmann

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