13 October 2026

Daily Brief · 25 stories
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EU plans annual cap on Chinese hybrid-car imports from 2027

The EU plans to cap Chinese hybrid-car imports at 350,000 in the first year of a four-year arrangement beginning in 2027. A senior EU official said the ceiling would increase 6% annually from year two. The measure is separate from battery-electric car tariffs.

World

Five missing after flash flood damages homes and hydropower in Nepal

Five people were missing after a flash flood swept through Nepal’s Gorkha district. Officials reported about 45 houses swept away, damage to hydropower projects and bridges, and at least 82 rescues. The initial explanation was a river blockage that burst after a landslide.

World

UN poverty report puts 1.2 billion people in acute deprivation

The latest UN multidimensional-poverty report estimates that 1.2 billion people face acute deprivation, 51.5 million more than in the previous edition. Population growth contributed to the increase, and updated observations were available for only 13 of the 108 countries covered.

World

Saudi Arabia outlines plan to expand pipeline oil-export capacity

Saudi Arabia is considering pipeline changes that could eventually lift crude-export capacity to around 10 million barrels a day. A temporary gas-pipeline conversion could add 1.2 million barrels a day sooner. The figures describe proposed capacity, not an increase already achieved in exports.

World

IMF chief says AI investment is supporting growth despite energy shock

IMF chief Kristalina Georgieva says artificial-intelligence infrastructure spending is helping sustain global growth around 3%, with benefits for Asian suppliers. Her estimates are potential effects, not guarantees. An updated IMF outlook is due on 13 October and is not included here.